Frank26, MilitiaMan and Members "Immediately" Thursday 2-17-2022

KTFA:

Clare:  FROM FRANK:
FRANK SAID TO REMIND YOU OF WHAT HE SAID: “THEY ARE LOSING TOO MUCH MONEY! …. THEY NEED TO STOP THE BLEEDING!!!”….. FRANK26

“IMMEDIATELY!!!”………F26

After al-Sadr’s tweet, the Iraqi parliament summons the Minister of Finance and the Governor of the Central Bank

2022-02-17 11:19

Shafaq News / The Presidency of the Iraqi Parliament announced, on Thursday, summoning the Minister of Finance, Ali Allawi, and the Governor of the Central Bank, Mustafa Ghalib, to the council building immediately.

The Presidency said, in a brief statement received by Shafak News Agency, that the summoning of financial officials came as a “response” to the directives of the leader of the Sadrist movement, Muqtada al-Sadr.

Al-Sadr had presented, earlier today, six proposals regarding the exchange rate of the dollar against the Iraqi dinar, including summoning the Minister of Finance, Ali Allawi, and the governor of the Central Bank, Mustafa Ghaleb, immediately.

Al-Sadr’s proposals included, according to a statement received by Shafak News Agency, “strongly stopping currency smuggling, looking into the matter of some banks such as (Middle East, Al-Qaded, and Al-Ansari) belonging to some people who control the currency, and other private banks, and dealing firmly with banks belonging to some parties. controlling the country and the people.

In addition, Al-Sadr urged “to organize the Iraqi currency market centrally and in a correct manner, by enacting some laws that increase the value of the dinar exchange rate.”

It is noteworthy that the annual inflation in Iraq rose significantly after raising the exchange rate of the dollar against the dinar in the 2021 budget, to equal every 100 dollars 145 thousand dinars, after it was 121 thousand.

It is worth noting that all the prices of materials and commodities in the Iraqi market witnessed a significant increase, in conjunction with the devaluation of the dinar, which sparked a wave of strong resentment among the popular circles, as well as the objections of some interested in economic affairs.

LINK

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2022-02-17 13:17

 Shafaq News / The leader of the Sadrist movement, Muqtada al-Sadr, presented, on Thursday, six proposals regarding the exchange rate of the dollar against the Iraqi dinar, including summoning the Minister of Finance, Ali Allawi, and the Governor of the Central Bank, Mustafa Ghaleb, immediately.
 
Al-Sadr’s proposals included, according to a statement received by Shafaq News Agency, “strongly stopping currency smuggling, looking into the matter of some banks, such as (Middle East, Al-Qaded, and Al-Ansari) belonging to some people who control the currency, and other private banks, and dealing firmly with banks belonging to some parties. controlling the country and the people.
In addition, Al-Sadr urged “to organize the Iraqi currency market centrally and in a correct manner, by enacting some laws that increase the value of the dinar exchange rate.”
 
Al-Sadr had called yesterday, Wednesday, to spare the Iraqis the damages of interest resulting from the high exchange rates of the dollar in the country.

Al-Sadr wrote in his Twitter post, “The rise in the dollar exchange rate, and the benefits and damages that it entails, should not at all cause a rise in the prices of commodities in the markets, especially the important ones.”

And he stressed the need to work through economic security, to punish all merchants who seek to do so, and the like, and according to the law, especially among the people approaching the month of Ramadan. 

It is noteworthy that the annual inflation in Iraq rose significantly after raising the exchange rate of the dollar against the dinar in the 2021 budget, to equal every 100 dollars 145 thousand dinars, after it was 121 thousand.

It is worth noting that all the prices of materials and commodities in the Iraqi market witnessed a significant increase, in conjunction with the devaluation of the dinar, which sparked a wave of strong resentment among the popular circles, as well as the objections of some interested in economic affairs. LINK

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 Al-Sadr demands that the Iraqis be spared the damages of interest accruing from the high exchange rates of the dollar

16th February, 2022

The leader of the Sadrist movement, Muqtada al-Sadr, demanded, on Wednesday, that Iraqis be spared the interest damages gained from the rise in dollar exchange rates in the country.

Al-Sadr wrote in his Twitter post, “The rise in the dollar exchange rate, and the benefits and damages that it entails, should not at all cause a rise in the prices of commodities in the markets, especially the important ones.”

Al-Sadr stressed the need to work through economic security to punish all merchants who seek to do so, and the like, according to the law, especially among the people approaching the month of Ramadan.

Translation…..

In his name, the Most High, peace be upon Iraq and its people. After the rise in the exchange rates of the dollar.. and the benefits and harms in it, it should not at all be an increase in market prices, especially with regard to the important commodities that the people need in their daily life.  Absolutely .  Rather, it is necessary to work through economic security to punish all merchants and the like who seek to do so and in accordance with the law, especially as we are approaching the blessed month (the month of Ramadan), but absolutely.  The government must deal firmly with all violators, no matter who the perpetrator is.

And the merchants should take into account the people, not rush their money, and not deal with my valley with greed, for they are responsible before God, the people, and before us as a whole.  The most important thing is for the people to live with dignity, pride and luxury, and the poor among them, who are barely getting their strength, must be taken into consideration. 

Daily through the ration card and by not increasing the price of basic mission commodities, especially vegetables, grains, construction prices, and the like.  Although there is a claimed benefit from the rise in the exchange rates of the US dollar, it should not be at the expense of the people, the poor, the destitute and the needy, otherwise it will inevitably be unfair.  Muqtada al-Sadr …. LINK

MilitiaMan:  I’ll bet there is nothing in the world now that is going to stop this Man, Sadr. He has been on fire for months now. The man has strategically and instrumentally worked his magic.

He has neutered Maliki.. He has exposed corruption at every turn. He has peeked into the Swiss accounts and found hundreds of billions in assets that belong to the Iraqis. He has made sure that the White Papers reforms for the citizens is on track with his PM.

 He has told the citizens he was pro exchange rate change at the start this year. He is on track for that today, too. With six proposals before the parliament now shows he is playing by the rules.

He has a Government in place now and is having the Presidency summon the two key players in the exchange rate and who allows the money to flow out. The CBI has the rate and the Finance Minister has the laws to allow the money to be spent.

This not for later it is now, immediately..

We know that there is urgency, as stated. We also know that there are agreements being done with the Kurds, alliances if you will. The agreements will be about the HCL and that we all know now has been sorted by the Federal Court..

With the money (100s Billions) they have to be clawed back is likely the Ace Sadr had put in his hand the other day, it reeks of the imminence of an exchange rate change to come immediately.. 

Wow.. Looking so very promising. 

We have Parliament personnel in New York today and tomorrow at the UNSC, then Halabousi has parliamentary meetings in Cairo this weekend. That is government, not finance. The negotiations are all done by now, thus no finance component mentioned to be in the meetings.

The dissolution of the committee with the UNSC on Chapter VII is slated for finality on 02/22/2022..

I suspect the IMF will make the decision to accept the new exchange rate and re instate the IQD to Article VIII, where it was to be forever.. Lets see what they do next.

I’ll be it is going to be powerful!!! ~ MM

JaimieO:  YA GOTTA LOVE THAT WORD IMMEDIATELY !!!   Lets see if they know what it means in the middle east.    IMO

Jerry1971:   THANK YOU MILITIAMAN EXCELLENT ANALYSIS & BREAKDOWN OF VARIOUS IMPORTANT EVENTS GOING ON IN IRAQ SURELY THINGS ARE FRUITFULLY COMING TO A CONCLUSION SADR IS ON A ROLL TO ROLL OUT THIS RI HE HAS THE BACKUP OF THE PARLIAMENT AND THE PM HIS INTENSIONS SEEMS CLEAR TO HELP THE POOR PEOPLE OF IRAQ ALL SOUNDING VERY GOOD IMO       

"Stolen Money and Corruption" News Posted by Samson at KTFA 2-16-2022

KTFA:

Samson:  Three Countries Embrace $360 Billion Of Iraq’s Stolen Money

16th February, 2022

Former Anti-Corruption Council member Saeed Yassin revealed, on Wednesday, the amount of money stolen from Iraq as a result of corrupt deals, indicating that the total amount is estimated at about 360 billion dollars and deposited in Turkey, the UAE and Jordan.

Yassin said in a televised interview, followed by “The Information”, that “the sums that were stolen from Iraq as a result of corrupt political deals are estimated at 360 billion dollars, and that money laundering and terrorist financing are at the fore in the corruption files.”

He added that “the UN Security Council urged Switzerland to cooperate with Iraq to return its smuggled money, but Iraq does not have an effective intelligence component against that money.”

Yassin pointed out that “most of that smuggled money is currently in the banks of Lebanon, Jordan, the Emirates, Georgia and Ukraine, and the strange thing is that the Iraq Funds Committee in the Ministry of Finance only met once, which indicates that there is no seriousness in recovering the smuggled money.”   LINK

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Samson: Kurdish Activist: The Ruling Families Deduct 65 Dollars From Each Barrel And Deposit It In Their Account

16th February, 2022

The Kurdish activist Mahmoud Yassin Kurdi accused, on Wednesday, the ruling families in the Kurdistan region of stealing large sums of money and depositing them in their accounts in Europe.

In a tweet on Twitter, which was seen by the “Information” agency, Kurdi said, “In the past seven months, with oil prices rising to more than $90, but the Kurdistan Region’s oil revenues were only $350 million.”

He added, “These numbers mean that each barrel of oil goes from only $25 to employee salaries, and the rest goes to European banks in the families’ account. That’s why they want to turn the decision of the Federal Court to the issue of nationalism!”

And the Federal Supreme Court announced, yesterday, Tuesday, that it is not possible for the Kurdistan region to export oil and to hand over the previous proceeds to the Federal Sumo Company, as well as the invalidity of the oil and gas law in the region.  LINK

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Samson:  Iraq Opens 373 Money Recovery Files And Pursues Wanted Persons

16th February, 2022

The head of the “Al-Nahrain Network to Support Integrity and Transparency” and member of the “United Nations Convention Against Corruption” coalition, Muhammad Rahim Al-Rubaie, announced, on Wednesday, that Iraq has made progress in filing civil lawsuits to recover funds in some countries that allowed him to do so by opening 373 recovery files. Money and wanted pursuit.

Al-Rubaie said in an interview seen by / the information /, that “Iraq’s interest in recovering looted assets, which are usually money and convicted or accused persons, began since 2011. A group of Arab countries, which had a significant impact on the interaction of specific mechanisms to open files to recover these funds.”

He added that “the conference held in the capital, Baghdad, allowed Iraq to exchange experiences, and the Ministries of Justice and Foreign Affairs, the Integrity Commission and the Stolen Funds Recovery Fund sought to work seriously for this with international cooperation, signing agreements and concluding protocols with Member States of the United Nations to combat corruption.”

And he indicated that “the matter has revealed its results now that the Integrity Commission and the Fund have opened (373) files to recover money and accused and convicted persons,” describing it as “a good step to implement the chapters of the United Nations Convention against Corruption, especially (Chapter V) of it on the recovery of funds, and Iraq.” Take the necessary measures for the immediate recovery of these properties.”

Al-Rubaie added, “What Iraq needs is for the countries receiving these funds or those on their soil to allow the accused and convicts to make room in the legal system for the affected countries to take legal and judicial measures against them before their judicial authorities,” noting that “some countries allow Iraq to file lawsuits.” Civilian to recover money through its judiciary has made progress and is a good step,” expressing his wishes to recover a lot of money during this year or next.

He stressed, “Iraq’s need for the Stolen Funds Recovery Fund Law in order to seek community involvement in anti-corruption measures. There are international experiences that have allocated a fund to recover funds that focus on infrastructure projects in poor or corruption-affected areas, so that there will be an important step if Iraq does so.  

This motivates all segments of society to engage in the fight against corruption and reduce it significantly, as well as new legislation that allows victims of corruption to demand these corrupt and looters of public money to compensate them for the damage they have suffered.”   LINK

Samson:  Switzerland’s treasuries are opened to Iraq… a major development to recover the “treasure”

16th February, 2022

The Iraqi government begins a new phase in the pursuit of corruption and the tracking of cross-border funds, through laundering, amid talk of making progress in recovering the money of the former regime, which is stored in Swiss banks, with the support of countries around the world.

This great development is related to the announcement by the Integrity Commission, on Tuesday, that Iraq succeeded in what it called “the legal penetration of international banking secrecy, as Iraq was able for the first time to penetrate international banking secrecy, through the efforts of the Integrity Commission and the Iraq Funds Recovery Fund.”

She added that “the breach was carried out through legal procedures, according to which Iraq was able to access the contents of the treasury in Switzerland.”

Successive campaigns

Last year, the current prime minister, Mustafa Al-Kazemi, launched a wide campaign, in cooperation with the international community, relevant organizations and relevant authorities, as well as neighboring countries and the Arab ocean, with regard to funds smuggled abroad, and support in stopping the draining of the country’s funds, through companies and personalities with complex links. 

Iraqi funds are divided into two parts; The first is since the time of Saddam Hussein, and it belongs to officials of the former regime, members of the Baath Party, and official funds of the Iraqi state over the past years, and the other part, to Iraqi officials, in the post-Saddam Hussein regime, who fled abroad, after the corruption files against them were revealed, and they did not Successive governments manage to send them back to the country.

The financial advisor to the Prime Minister, Mazhar Muhammad, said that “moves to recover Iraqi funds employed in hidden investments or safe havens, as they are called outside the country, which had previously been seized, have begun to record success, and that those involved in this matter are classified under the category of financial crimes and face charges of assaulting money. general.” Saleh added, in a press statement, that “these efforts confirm the success of the Integrity Commission in the external field to recover funds, since it was entrusted with the tasks of the Iraq Funds Recovery Fund under Law No. (9) of 2012, which was amended more than two years ago.”

The Iraqi government hopes that the campaign it launched last year will achieve something in tracing billions of dollars smuggled out of the country.

And last September, Iraq organized an international conference in the capital, Baghdad, as part of Al-Kazemi’s plan to expand the tools to fight corruption, to include external parties, after the progress achieved during the last period, such as the arrest of political leaders involved in corruption files, and activating the role of the competent oversight bodies, in this regard. 

 During the opening of the international conference in Baghdad, Al-Kazemi stressed, at the time, that corruption and terrorism are two sides of the same coin, while stressing the recovery of Iraq’s looted funds.

Switzerland knot

With the US invasion of Iraq in 2003, the Swiss government froze the deposits of 55 former Iraqi officials, including the funds of the late President Saddam Hussein and his sons, to transfer those funds to a fund for the reconstruction of Iraq.

The expert in Iraqi economic affairs, Sarmad Al-Shammari, said that “the announcement of the Integrity Commission, achieving this progress, will make the path to recover Iraq’s funds on the right path, as the node was the response of the Swiss authorities, regarding these funds, and the way to deal with them, in light of the new situation, In addition to the wars and disasters that Iraq witnessed during the past years, which made the countries of the world reluctant to deal positively with regard to such files, until the situation stabilizes, and the gains achieved from those funds are reassured.

Al-Shammari added, in a statement to “Sky News Arabia”, that “what happened represents a major economic development, and the officials in the Integrity Commission, and those concerned with recovering Iraq’s money, should invest this development and enhance it, to open up other horizons, and see all the Swiss data and accounts, which it included a lot of Iraqi money, whether for members of the Saddam Hussein regime, or after 2003.”

It is noteworthy that international resolution 1483 stipulated that all member states of the United Nations transfer the funds of former Iraqi regime officials to a fund for the reconstruction of Iraq. During the past months, the Iraqi authorities announced the arrest of dozens of executive officials and parliamentarians, after the formation of the Anti-Corruption Committee, by Al-Kazemi, amid calls for the continuation of this approach, and its imposition on the next government.  LINK

Some "Tuesday News" Posted by Samson at KTFA 2-15-2022

KTFA:

Samson:  Criticism Of The Government And Assurances That The Budget Will Not Be Passed Without Adjusting The Dollar Exchange Rate

15th February, 2022

Political parties criticized the government’s financial performance and the failure to carry out reforms that serve the people, stressing that the next budget will not be voted on without changing the dollar exchange rate.

A member of the Al-Fateh Alliance, Mahmoud Al-Hayani, told Al-Maalouma, “The rise in oil prices came to serve and benefit the government, and the people did not get anything from it, especially since the general citizens suffer from the high cost of living in light of the high prices as a result of the decision to increase the value of the dollar against the dinar.”

On the other hand, the representative of the State of Law coalition, Firas Turki, confirmed to “The Information”, that “the coordination framework stands by the reduction of the dollar exchange rate in the 2022 budget, as the budget will not be passed without making adjustments to the exchange rate.”

On the other hand, the representative of the coordination framework, Muhammad Al-Ziyadi, told Al-Maalouma that “the framework will set a condition when voting on the next prime minister, as the candidate will not pass without getting a word from him to reduce the exchange rate, but by going to the opposition, then he cannot Setting the conditions, rather asking for a price adjustment.”

In a related context, the representative of the Al-Fateh Alliance, Ibtisam Al-Hilali, told Al-Maalouma, “The framework is determined to obtain all parliamentary signatures within Parliament in order to restore the dollar exchange rate to its predecessor, stressing that the government has achieved its goal of raising the exchange rate, and there is no longer a justification for its continuation with this.” approach”.  LINK

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Samson:  Announcing The Completion Of The Procedures To Return 170 Million Dollars From One Of The Corrupt Outside The Country

15th February, 2022

The Federal Integrity Commission announced, on Tuesday, that it was able to complete the procedures for transferring $170 million smuggled from one of the corrupt abroad, indicating that the money recovered before its exit to Iraq is large and its details will be revealed.

The commission said in a press briefing that was followed by “the information” that “the commission, through the looted funds recovery division to Al-Kharj, was able to complete the procedures for returning and transferring more than 170 million dollars from a corrupt and smuggled person out of Iraq.”

She added, “The money recovered before smuggling, which was seized in Iraq, is large, and its details will be announced in a chapter on holding a special conference for all operations to recover smuggled funds.”

On Tuesday, the Federal Integrity Commission revealed that Iraq for the first time managed to penetrate international banking secrecy, explaining that this came through the efforts of the Integrity Commission and the Iraq Money Recovery Fund.  LINK

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Samson:  Integrity confirms opening 373 files to receive convicts and defendants and recover smuggled money

02/15/2022 11:12:10

The Federal Integrity Commission confirmed that it worked on (224) judicial decisions in absentia to receive the convicts and fugitive accused wanted by the judiciary during the year 2021, noting during the announcement of its annual report that it had opened (116) files to receive the accused and fugitive convicts; It was proven that they left Iraq, including (6) ministers and those of their rank, and (79) of those with special grades and general managers.

And it added that it had organized (257) files to recover the smuggled money, including (4) files related to ministers and those of their rank, and (58) files against people with special degrees and general managers.  LINK

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Samson:  Including 54 ministers and those of his rank.. Integrity considers about 19,000 criminal cases

02/15/2022 10:35:18

The Federal Integrity Commission announced today, Tuesday, that it has worked on (18,964) criminal cases during the past year.

The authority indicated during its conference to announce its achievements report for the year 2021, that the number of defendants in these cases reached (11605), 15290 charges were brought against them, including (54) ministers and those of his rank, (101) charges, and (422) charges were brought against them. Accused persons of special grades, general managers and those of their rank (712) were charged.

She pointed out that (632) judgments of conviction, including one judgment against a minister, and (42) judgments against (23) people with special degrees, general managers and those of their rank.

LINK

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Samson:  Experts : A new Iraqi era of tracking corruption… Switzerland’s coffers are not safe

15th February, 2022

Specialists in the file of integrity and transparency considered, on Tuesday, Iraq’s access to “banking secrecy and the contents of the treasury in Switzerland”, as a major breakthrough for what they described as “safe havens for the corrupt”, while the financial advisor to the Prime Minister considered this step a “success” for diplomatic efforts and the parties concerned in this. command.  

Mazhar Muhammad Salih told “Nass” (February 15, 2022): “The moves to recover Iraqi funds employed in hidden investments or safe havens as they are called outside the country, which had previously been seized, began to record success,” stressing that “those involved in this matter are classified as under the category of financial crimes, they face charges of assaulting public money.   

Saleh added, “These efforts confirm the success of the Integrity Commission in the external field to recover funds, since it was entrusted with the tasks of the Iraq Funds Recovery Fund under Law No. (9) of 2012, which was amended more than two years ago.”  

For his part, the head of the Al-Nahrain Network to Support Integrity and Transparency, Muhammad Al-Rubaie, confirms that “Iraq exploited a legal loophole that enabled it to access the numbers contained in these accounts, including amounts and account numbers, as well as the people they are affiliated with,” noting that this development constitutes “a major breach for senior officials.” Corrupt people who considered banks in Switzerland safe havens for their bank accounts.”   

Al-Rubaie added, “Access to these account numbers and the amounts they contain and their returns will improve Iraq’s international classification, given that these havens are no longer safe for money laundering, and Iraq is no longer a country of impunity.” development, despite the urgent need to make an amendment to the Stolen Funds Recovery Fund Law.  

And he added, “These funds should be subject to international experiences in harnessing them to improve infrastructure in poor areas, in order to avoid the involvement of the residents of those areas in the corruption system, as it is not logical to return them to the Ministry of Finance in order to enter them into the government’s financial cycle again in the budget.”   

Al-Rubaie stressed that “Iraq does not face any difficulty in obtaining its money in international banks through international coordination, but the government worked seriously during the year 2021 in the file of recovering the funds.”  

 And the Integrity Commission announced, earlier today, Tuesday, that Iraq had legally “penetrated” international banking secrecy.   And the commission revealed in a statement, “Iraq for the first time managed to penetrate international banking secrecy, explaining that” this came through the efforts of the Integrity Commission and the Iraq Funds Recovery Fund.   

The commission indicated that “the penetration was carried out through legal procedures according to which Iraq was able to access the contents of the treasury in Switzerland.”  

She added that “Transparency International’s reports for the year (2021) indicated a clear improvement and progress in the classification of Iraq among the countries of the world within the report of the Corruption Perceptions Index issued by the organization.”    LINK

Monday Night KTFA CC with Frank26 "On Course...Of Course" 2-14-2022

KTFA

Monday Night KTFA CC

Frank26:  2-14-22……….ON COURSE …OF COURSE

This video is in Frank’s and his team’s opinion only

FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO….

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=VsJ1rhzEQps

MilitiaMan and KTFA Members "Take Note" Sunday 2-13-2022

KTFA:

MilitiaMan:  In my opinion this sort of article from Salih is and was expected to come out.(See article below)  If I recall correctly, a WS report indicated almost verbatim that there would be comments just like this  with respect to the exchange rate.

Frank26 had a youtube that may show it, as well. If the fact is that the rate is to be fixed at 1500 that means they are right where they want be.

Drop the three zeros and wa la.. $1.50 IQD / $1.00 USD…. imo ~ MM

Samson:  Mazhar Muhammad Salih talks about the dollar exchange rate in the general budget

13th February, 2022

The Central Bank of Iraq revealed the fact of the move to raise the dollar exchange rate and fix it at the price of 150 thousand dinars for the $100 bill.

A member of the bank’s board of directors, Mazhar Muhammad Salih, said, “The dollar exchange rate remains as it is, and any talk currently being conducted to raise or lower the dollar price is just speculation and balloons launched by some for excitement.”

He added, “The situation is being arranged regarding oil prices. We do not want to urgently rearrange the equations. Everything is now fixed in place,” noting that “no change in the exchange rate has now been raised, neither from near nor from afar.”    LINK

APF:  Is he being sarcastic? 150 thousand to 1 hundred dinars?  

MilitiaMan:  He knows the process.. imo.. ~ MM

“fact of the move to raise the dollar exchange rate and fix it”

Then drop the three 000s imo ~ MM

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DCDriver:  Awesome analogy. There is only one thing that does not make sense  me. How is it that Biden takes credit for paying down the debt? I can’t get my head around that one IMO 

MilitiaMan:   Sadly, he will get the credit for it unless there is something we have over looked behind the scene… lol ~ MM

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Samson:  After the barrel price reaches 95 dollars, will the exchange rate be restored?

13th February, 2022

Today, Saturday, Member of Parliament Madiha Al-Maksusi confirmed the possibility of returning the dollar exchange rate to its previous rate, but not at the present time.

Al-Maksusi said in a statement to (Baghdad Today), that “the increase in the price of the dollar was due to the drop in oil prices, but now oil prices are very high and it is necessary to restore the exchange rate of the dollar to its previous price.”

She added, “The current government is a caretaker government, and the political situation is turbulent, so it is unlikely that the exchange rate will be restored before the new government is formed.”

Al-Maksousi indicated, “Many political blocs promised the Iraqi people to work on restoring the exchange rate, as they had previously raised it.”  LINK

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MilitiaMan:  That is exactly what they are going to do, as promised by politicians. They are going to complete the project to delete the zeros.

They told us that is was out mid to late last year for study. (Thank you Samson) They are not going to to tell the world that they are going to change the exchange rate with a specific time and date. That would be suicide, likely illegal and or both.. Not to mention insider trading, counterfeiting, leakage, etc., etc.. lol The need to keep things under wraps for the project is very important.

Evidence of it specifically is to not be seen. Not seen doesn’t mean there is none to be seen. It just may mean it is and rightfully so, not to be seen until the time is set for exposure.

The CBI devalued the currency with the same government caretaker or not in place today, it is not imo the main focus of the CBI. It may be a focus for propaganda purposes in the scheme of things, as past revaluations support that there is in fact a component of just that.

Even Dr. Shabibi spoke of it in a Chamber of Commerce interview some years ago. A guest of KTFA was at the meeting when his question was asked about the project to delete the zeros. He mentioned that propaganda was one component of many.  

Take note of the automation of the borders for transparent digital systems in place for taxation, customs, fees and tariffs..

Take note the BUNA platform is a digital clearing platform for clearing international and foreign currencies. 

Take note there are international contracts in place for re construction of schools, hospitals, etc.

Take note there are border crossings engaged within the region as a whole.

Take note there are Iraq Banks being licensed to bank in other countries.

Take note if international exports of Sulhpur.

Take note that they have received 17,000 antiquities from the USA and tourism in UR has already started with many countries.

Take note that Iraq is now or will be Ascending to the WTO.

Take note there is the AYSCUDA system in place, a green paperless process.

Take note that they have been relieved of Chapter VII per the UNSC (Dissolution, a requirement is set for 02/22/2022 for the final decision to be made.)

Take note of all that above (there may be more) and think to ones self and ask the question, “Does all that look like they have been sand bagging, they are inept and merely waiting on a circus in parliament to get settled prior to triggering the largest digital transformation in the history of the world? Surely, the logic to come away with is absolutely not. Imo it is ludicrous to suggest that, as the data we have even if there is a political component massaged in the coming days, could be settled within days as for the presidencies, not months.

Lastly, a side bar to think about. The US Fed is jawboning about raising interest rates. The USA can hardly afford the payments on $30 trillion debt, as it is now, let alone 1-7 increases in 2022.

Ask your self where would they get the money to afford interest payment increases?  Where did we hear that the USA wouldn’t pay for the war? Why, would the USA and the coalition forces be able to say such a thing?

They all have foreign reserves.. Some have the lion share be sure.. That’s where an why the USA may be able to afford to pay down debt to afford them. Plenty too. lol ..imo..~ MM

“What is a past era?

countable noun. You can refer to a period of history or a long period of time as an era when you want to draw attention to a particular feature or quality that it has.”

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https://aec.uobasrah.edu.iq/news/11318

Basra University organizes a panel discussion on the project to remove zeros from the Iraqi currency

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Basra University organizes a panel discussion on the project to remove zeros from the Iraqi currency

Basra University organizes a panel discussion on the project to remove zeros from the Iraqi currency:

The Department of Economics at the College of Administration and Economics at the University of Basra organized a panel discussion on the project to remove zeros from the Iraqi currency.

The seminar, which was attended by Prof. Dr. Sami Obeid Al-Tamimi and Prof. Dr. Youssef Abdul Ali Al-Asadi, aims to find out the reasons for the deterioration of the value of the Iraqi dinar. At the beginning of the seventies of the last century, one Iraqi dinar was worth more than three US dollars, and today we are at the end of the year 2021 Equivalent to more than 1450 Iraqi dinars.

The discussion session touched on tracking the value of the Iraqi dinar from 1930 to 2021, and the project to delete zeros from the national currency in terms of pros and cons, and finally submitting a scientific proposal to the Central Bank to implement the process of deleting zeros.

Some "Saturday News" Posted by Samson at KTFA

KTFA:

Samson:  Al-Hilali: Parliamentary movement to return the exchange rate to its previous era

12th February, 2022
Member of Parliament, Ibtisam Al-Hilali, demanded, on Saturday, the government to return the dollar exchange rate to its old price, while stressing that the only victim is the poor citizen.

Al-Hilali said in a statement that Mawazine News received a copy of it, that “there is a parliamentary movement soon towards returning the dollar exchange rate to its old price,” adding that “other deputies within the same trend will not allow the exchange rate to remain high.”

Al-Hilali indicated that she and many members of the House of Representatives “pay great attention to the segment of the poor who have been affected by the rise in the dollar exchange rate.”   LINK

Samson:  Iraq officially joins the Nationally Determined Shareholding Companies

12th February, 2022

The Ministry of Environment announced, on Saturday, the ratification of Iraq’s accession document to the Nationally Determined Shareholding Companies.

The ministry said in a statement received by Mawazine News, a copy of it, that “the global climate secretariat and the presidency of the Climate Change Conference officially ratify the document of Iraq’s accession to the nationally determined contribution companies.”

She added, “The document constitutes a government achievement that will allow Iraq broad prospects for cooperation and coordination with international support mechanisms to implement the concept of a sustainable green economy.”   LINK

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Samson:  Within 3 days.. Dhi Qar receives 18 foreign tourist delegations

12th February, 2022

The Dhi Qar Antiquities Inspectorate announced, on Saturday, that the governorate received many tourist delegations during the past three days. 

Director of Dhi Qar Inspectorate, Amer Abdul Razzaq, said in an interview with local agencies, “The governorate received at the end of last week 18 foreign tourist delegations.”

Abdul Razzaq added, “These delegations are of American, British, Swedish, German, French, Greek and other nationalities,” noting that “their first stop was the archaeological city of Ur and the Nasiriyah Museum because of their great importance to tourists.”   LINK

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Samson: For the fifth week… Oil ends its trading on gains

12th February, 2022

Oil prices closed on gains for the fifth week in a row, supported by continued fears of supply disruptions, fueled by fears that Russia, one of the major energy producers, would invade Ukraine.

Brent crude closed in its last session yesterday, Friday, with an increase of 3.03 dollars to reach 94.44 dollars, and achieved a weekly profit of 1.17 dollars, or 1.25% in a week.

The US West Texas Intermediate crude also closed with an increase of $3.22 to reach $93.10 per barrel, and achieved a weekly profit of $0.79, or an equivalent rate of 0.86%.

Oil prices rose during the past week, and the two benchmark crudes touched their highest levels since late 2014, exceeding the record levels recorded on Monday, and amid growing concerns about global supplies as demand recovers from the Corona virus pandemic.   LINK

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Samson:  Al-Kazemi’s advisor: The 2022 budget includes the payment of Iraq’s loans

12th February, 2022

The financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Saturday, that the federal financial budget for 2022 includes the payment of loans incurred by Iraq.

Saleh told {Euphrates News}, “The 2022 budget includes the repayment of loans owed by Iraq, and this is determined by the ratio of internal and external debt and is called debt service.”

He added: “Usually these amounts are calculated and included in the budget, and their amounts are determined, and the external debt is considered an important expenditure and is an important part of assessing Iraq’s credit wall.”

And he indicated that it “determines the country’s ability to pay debts, so this matter enjoys high management,” noting that “Iraq is keen to repay loans and has priority to pay out of respect for Iraq’s financial position, as it gives it credibility.”  LINK

Samson:  How Iraq became the top link in China’s belt and road strategy – analysis

7th February, 2022

Last year, Iraq became a top recipient of Chinese investment and a key link in Beijing’s Belt and Road initiative. Almost 20 years after the war in Iraq began, billions of Chinese yuan are being invested in assorted projects, from green energy capabilities and heavy oil plants to building roads and schools. What role does Iraq play in China’s “Belt and Road” strategy and how does this development affect the big power competition in the Middle East?

‘Ideal Middle Eastern venue for Chinese investment’

In Tehran last March, the Chinese and Iranian foreign ministers signed a 25-year cooperation agreement (a “Comprehensive Strategic Partnership”). Under the accord, Beijing promised to invest $400 billion in Iran’s economy in exchange for a steady and heavily discounted supply of oil. This agreement and its implications for global security and economy were widely discussed back then.

But as 2021 neared its end it became clear that Iran’s neighbor and ex-nemesis Iraq was the real star of the Chinese Belt and Road strategy in the Middle East.

According to a report from Fudan University’s Center for Green Finance and Development in Shanghai, last year Iraq received $10.5 billion in investment under the Belt and Road infrastructure initiative. Iraq has become the third-biggest Belt and Road partner in energy engagement, after Russia and Pakistan. Overall Chinese investment in Arab and Middle Eastern countries rose by about 360% in 2021, while construction engagement increased by 116%, compared to 2020, the study said.

Nowadays China is involved in the building of Al-Khairat heavy oil power plant near Karbala. It took the promise to finance construction of 1,000 schools (and some 7,000 schools in the future) in return for oil products to secure the Al-Khairat deal. China’s state company also won the contract to develop the Mansuriya gas field and there is no shortage of other industrial and civil projects. 

“I’m a bit surprised by the fact that Iraq is now the third-largest BRI [Belt and Road Initiative] country since China has a great deal of attention and money invested in Kazakhstan, it is very focused on Central Asia, it conducts business in Egypt and builds cities there,” Carice Witte, the founder and executive director at SIGNAL – Sino-Israel Global Network & Academic Leadership, told The Media Line.

“In my opinion, Iraq being the third-largest BRI country says a number of things: first of all, that Iraq is a less controversial investment than Iran, that it has a great deal of untapped potential and easier access than Iran. And also, that the Iraqi government and people are easier to negotiate with and to do business with than Iranians,” she continued.

 “The Chinese have always found it extremely difficult to do business with Iran and there is a lot of unpublicized tension in Iran-China relations. Due to China’s dependence on Saudi and Gulf energy, they feel it’s important to cultivate another significant source of oil. Iraq is a very young market that needs to grow, needs everything and has a way to pay for it (unlike Syria which has limited oil reserves and Lebanon which has none). When you think about it, Iraq is the ideal venue for China in the Middle East,” Witte said.

The Iraq-China relationship dates to when Beijing was selling Baghdad weapons in the 1960s and 1970s while Iraq supported its claim to a seat on the UN Security Council. Relations developed further during the 2000s, after Saddam Hussein’s regime was toppled. China, along with Russia, was fiercely opposed to the Iraq War, yet it became one of its main beneficiaries.

In 2008, the China National Petroleum Corporation signed a huge production deal with the Iraqi government and became the first foreign firm to do so since the war. In 2013, China bought almost half of Iraqi oil production. During these years Iraq acquired Chinese drones to fight ISIS, supported the Hong Kong national security law at the UN and defended China’s treatment of Muslims in Xinjiang.

Witte explained that since Iraq’s hopes to see America more involved and supportive of its development didn’t materialize, it is looking for deeds, not words. “There was a time of excitement about the potential of American support for Iraq, and during that time the plans for cooperation with China were stalled. China is patient and it is able to wait until a new opportunity presents itself,” the expert said. “And after watching the US behavior in the Middle East over the last few years, the reality sank in that the US cannot necessarily be counted on. America wants to give, but not to do. It gives money, but it doesn’t go and improve the situation of the locals. That’s why we have Chinese everywhere – because the Americans don’t do the work anymore,” Witte said.

Eric Davis, professor of political science at Rutgers University and former director of its Center for Middle Eastern Studies, recently tweeted, “When the United States asks why China has become a stronger global power, you should realize that China plays a strong role in investing in developing countries like Iraq. China is investing in the natural gas and solar energy industries in Iraq and is building an airport. Where are the American investments?”

‘The Silk Road Axis’

Not all Iraqis are happy with these developments, just as not all Iranians welcomed the 25-year cooperation agreement signed with China.

Former MP Ghaleb Muhammad Ali wrote in his social media accounts that while China imports crude oil at the price of $70 per barrel, Iraq imports the same volume of Chinese gasoline for $200, indicating that Beijing is getting the better of this cooperation. 

Dr. Ronen Zeidel, an Iraq specialist at the Tel Aviv-based Moshe Dayan Center for Middle Eastern and African Studies, said, “On one hand, the Iraqis are highly engaged with the Chinese. They let them access the Iraqi oil market and the Chinese promised to build schools and other infrastructure. Schools are very important since there are plenty of schools in horrible condition and it’s something that is highly discussed in Iraq. “However, many are also afraid of the barter principle – exchanging their oil for infrastructure, like in Africa. Opponents of Iran fear that pro-Iranian militias’ violence also has something to do with Chinese involvement. They even call it “the Silk Road Axis,” Zeidel said.

Since the 25-year cooperation agreement was signed last year, Iran has seen a few anti-Chinese protests. Demonstrations were staged near parliament where the protesters chanted slogans such as “Iran is Not for Sale” and “Death to Those Who Sell the Homeland.” Nothing of the kind has taken place in Iraq, where, according to Zeidel, the physical presence of China is not as widespread as in Africa or some parts of Europe. “Iraqis are both drawn to China, since they want their country to develop, and afraid of it,” he said.

The experts are certain that cooperation between China and Iraq will keep growing in 2022, even if the volume of investment does not expand. Will Chinese involvement contribute to stabilization of the situation in and around Iraq? Some believe this will be the case, due to Chinese concern over disruption of oil supplies.

 For now, it’s clear China is slowly but surely building its position in the Middle East and that this new reality will affect the global power competition worldwide.  LINK

MilitiaMan Thursday Night "We are in a Sweet Spot for this RI" 2-10-2022

KTFA:

Suzie: Seems like its been awhile since hearing much from MM and Petra…..I know they have jobs, etc. but they had that before.  Hope they’re OK! 

MilitiaMan: We are fine. I have been traveling for work and play this last week..

Know that we are are still in a sweet spot for this RI and end result to come. There is so much to support that we will see the end game they have instore for themselves and along side the world.

Iraq, is out of Chapter 7, they are implementing the activation of electronic borders and ports for fees, customs and tariffs. They are to integrate all provinces in short order.

The WTO has had meetings with respect to Iraq’s ascension into the organization. Those two things will require communication, as to the pricing of goods and services. Imports and exports are going to be on steroids once they interlink all the borders and ports with digital transparency.

The income is going to support their new exchange rate, just as the gold reserves, the Sulphur, the liquid natural gas, oil, tourism, agriculture, etc..

The political side seems to be in a very interesting state of late. Sadr looks to have the Iranian influence sorted. That is there may not be a government with Maliki in it.

From the looks of it Sadr, has given them one way only to meet his requirements and that is if you want a seat(s) great, just not with Maliki. IF you don’t like that, then having the largest block we will make it so we keep the present gov in place for the next four years..

Well, it appears they want a seat at the table.. Regardless Sadr gets what he wants for the people of Iraq.

He will also move to make sure the citizens get what they have been promised and that is an exchange rate change back to a previous era.

We saw them talk about the Forties yesterday..

Lets watch and see if they play the game of reverting back to the 1450 from 1460 as it is said that the PM has mentioned it.

That would mean to go international by doing that there would be the process of deleting the three zeros from the exchange rate. 1460 then becomes 1.46..

That is what the citizens need and is a part of the plan to go back to the previous era. Just going back 10 dinars is not going to fly as an international rate.. So, the obvious is what is meant.

Lets keep in mind it was also said by the PM for that rate change and it is said to be 02/22/2022.

That is aligned with the same time frame for the Dissolution of the committee out of the UN with respect to Iraq being freed from Chapter VII.. So, with all of the data we have we can see there is progress and imminence to a rate change. imo

I personally don’t think the dissolution is a necessary item for the rate change, I believe it is a formality only and after the fact they were freed.  imo ~ MM

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“”A disaster in Iraq.. the fall of the Iraqi dinar will shock you! Visually analysed

8th February, 2022 It is not just a fantasy, but a very painful reality.

 Iraq is the father of oil and bounties.

The dinar has been swallowed up in the worst value for many years. Between the forties of the last century, a thousand dinars were equal to a locality or a residential building, but today it is not equal to five sums.””

He pointed out that he “referred to Federal Court Decision No. (51/Federal/2010), which I see as a grave violation because it enables the president and the government to continue exercising their duties for four years, if one-third of the council members adhere to boycotting the sessions.”
 
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The Federal Court receives an appeal against Parliament’s decision to reopen the nomination for the post of President of the Republic  LINK

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LINK

The border ports start activating the electronic customs and tax receipt verification program

9th February, 2022

The Border Ports Authority announced, on Wednesday, that it has started activating the electronic customs and tax receipt audit program.

A statement by the authority, received by Mawazine News, stated that “the Directorate of the Single Window of Trade Exchange and the Information Technology Department, in coordination with the General Authority for Customs and Taxes, began activating the program for checking the customs and tax receipts electronically through a program that was prepared with self-efforts by the Border Ports Authority,” indicating that “this came, based on the directives and recommendations of the Diwaniyah Order Committee (22 of 2020) issued by the Committee for the Management and Coordination of Government Activity towards Electronic Governance, and through the team charged with automating ports and customs.”

The statement added that “the launch of the program on 7/2/2022 is considered as a first stage by sending a joint committee of the aforementioned bodies to the Al-Mandhiriya border port,” noting that “this important step is the first starting point for applying the electronic audit of customs and tax receipts at other ports.” all”.

He continued, “These procedures come as a continuation of the electronic work practiced by the Border Ports Authority, through the electronic platform in place at the main gates of the ports,” stressing that “these electronic procedures will contribute to preventing fraud, manipulation of fees or distortion in the description of goods.”

He pointed out that “the authority is proceeding in coordination with all operating departments, in order to tighten control over the border crossings and prevent smuggling attempts or waste of public money.”

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The ports are activating the electronic customs and tax receipt verification program  LINK

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LINK

Anbar Announces The Opening Of The Trade Exchange Square With Jordan

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LINK

Muqtada al-Sadr informs Qaani of the end of Maliki’s opportunities

10th February, 2022

Informed political sources revealed that the leader of the Sadrist movement, Muqtada al-Sadr, informed the Iranian general, Ismail Qaani, during the last meeting that brought them together in Al-Hanana, that the opportunities of former Prime Minister Nuri al-Maliki had ended after he took his share of the ruling for eight years.

According to the sources, al-Sadr advised al-Maliki through Qaani to go to the opposition, but renewed his welcome to accept the rest of the parties to the coordination framework, and the sources indicate that Tehran may eventually abandon al-Maliki in order to preserve its economic interests after the latter’s hopes of obtaining a sovereign position declined.

Some "Thursday News" Posted by Samson at KTFA 2-10-2022

KTFA:

Samson:  Analyst warns of a “ghost” surrounding global markets

02/10/2022 17:56:13

Investment strategist David Roche warned of the possibility of the oil price rising to the level of $ 120 a barrel.

The analyst considered that the uncertainty in geopolitics is a “ghost” that could undermine the situation in global markets, and according to Roche, in the event of a military conflict and the imposition of sanctions that would impede oil exports from Russia, oil prices would rise sharply.

Since the beginning of this year, the price of Brent crude has risen from $80 a barrel, to be trading a barrel of black gold today at $91.5.

Russia is one of the world’s leading oil producers, and an obstruction in energy supplies from Russia will have an impact on global markets. LINK

Samson:  Specialists: Rising oil prices herald an explosive budget

10th February, 2022 by Hussein Hatem

Economic experts considered the rise in oil prices an “opportunity” to approve an “explosive budget” during the year 2022.

Oil prices have risen since the beginning of this year to unprecedented levels since 2014, as prices fluctuated between $90 and $93 a barrel. Oil prices jumped on Wednesday, after two sessions of losses, as industry data showed an unexpected drop in US crude and fuel stocks.

Brent crude futures rose 41 cents, or 0.5 percent, to $91.19 a barrel by 04:22 GMT, while US West Texas Intermediate crude recorded $89.74 a barrel, up 38 cents, or 0.4 percent. US crude, gasoline and distillate stocks fell last week, according to market sources citing figures from the American Petroleum Institute on Tuesday. Crude oil stocks fell by 2 million barrels, according to the American Petroleum Institute. Oil prices near $100 a barrel could attract more production from the United States. The Energy Information Administration expects US crude production to rise from 770,000 barrels per day to 11.97 million barrels per day.

And economic affairs specialist Diaa Al-Mohsen believes that “there is a significant increase in the demand for oil quantities, which will explode the 2022 budget to 140 billion dollars in oil imports if the price of a barrel of oil is set at 70 dollars,” noting that “the price of 70 dollars per barrel is the best price to protect the budget.” 

Al-Mohsen added that “there are also 50 billion dollars in non-oil resources from taxes, tourism and customs, in addition to the remainder of the rise in the price of a barrel of oil estimated in the budget, which means that the next budget will be an explosive amount of 190 billion dollars.” And he indicated that “there is a financial abundance that will be in the next budget in view of the price of oil,” adding, “But the problem lies in the financial legislator, is he able to manage investment projects and provide job grades.”

For his part, the adviser to the Association of Iraqi Banks, Samir Al-Nusairi, believes that “oil prices exceed the $90 barrier, which will strengthen the government’s financial position,” expecting “prices to reach above $100 per barrel.” Al-Nusairi continued, “The rise in oil prices will, in turn, cancel the deficit in the 2022 budget, or it may be a very small deficit.”

And the Iraqi Banks Association adviser demanded “the need to expedite the establishment of a sovereign fund (the Generation Fund) to protect the national economy in times of crisis or when prices drop.” A sovereign wealth fund or sovereign funds is a fund owned by the state consisting of assets such as land, shares, bonds or other investment devices, and these funds can be described as entities that manage state surpluses for investment and are promised billions of dollars invested by states in stocks and bonds.

Al-Nusairi called for “activating the productive sectors, including agriculture and industry, and not relying entirely on oil.”

For his part, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, said, “Oil prices reach what they are now, an opportunity to implement lagging projects and state investments.” Saleh stressed, “The rise in the price of a barrel of oil enhances investment and gives a vision for the future,” noting that “the government is in the process of creating a financing partnership with the private sector.”

The government advisor pointed out that “the rise in oil prices requires opening the budget to employment-generating and income-generating projects, whether from the state’s investment budget or supporting private sector investment activities produced with soft loans from budget revenues.”

LINK

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Samson:  A United Nations body: Iraq has completed the payment of compensation for the invasion of Kuwait, amounting to 52.4 billion dollars

10th February, 2022

The United Nations Compensation Authority announced, on Thursday, that Iraq has paid 52.4 billion dollars to compensate individuals, companies and governments for the damages of the invasion and occupation of Kuwait by Saddam Hussein’s regime in 1990.

About 2.7 million claims were submitted, with a confirmed value of 352.5 billion dollars, But the UN Compensation Commission agreed to pay $52.4 billion, covering 1.5 million successful claims.

The largest claim approved by the UN Compensation Commission was $14.7 billion in damages to the Kuwait Petroleum Corporation (KPC) in which departing Iraqi forces set oil wells ablaze.

Payments were suspended between October 2014 and April 2018 due to Iraq’s security and budgetary problems due to the war against the terrorist organization ISIS.

The Geneva-based body said in a statement after a closed meeting of its board of directors, that “with the final payment of compensation that took place on January 13, 2022, all compensation awarded by the committee has now been paid in full.”

She added that “the government of Iraq has fulfilled its international obligations to compensate all the claimants who were awarded compensation by the committee for the losses and damages they incurred as a direct result of Iraq’s illegal invasion of Kuwait.”  LINK

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Samson: Economist: The Government Has The Ability To Reduce The Price Of The Dollar

10th February, 2022

Economic expert Kovind Sherwani affirmed on Thursday that the government has the ability to reduce the price of the dollar and return it to its previous price.

Sherwani said in a statement to “Al-Maalouma”, “The government has the ability to reduce the price of the dollar after the rise in the price of oil and its crossing of the barrier of $90 per barrel.”

He added that “the price of the dollar affected the increase in unemployment and poverty rates, and the actual need to raise it has ended, in light of the rise in the price of oil to figures that are the first of its kind.”

And it affected the price of the dollar on the rise in poverty and unemployment rates, in light of the weak purchasing power and the increase in prices in the market.  LINK

Frank and KTFA Members Possible Questions for Banks 2-9-2022

Note: Not all questions may fit your own personal circumstances…….Use what you think you need.

KTFA:

Clare:  A FEW MEMBERS ASKED FOR THE BANK QUESTIONS SO HERE IT IS AGAIN IN CASE YOU MISSED IT:

THESE ARE FRANK’S BANKS QUESTIONS THAT YOU MAY WANT TO SAVE FOR YOURSELF…

1.IF I DEPOSIT MY PROFIT IN YOUR BANK …………… HOW MUCH WILL YOUR FDIC COVER MY ACCOUNT ………………. WILL YOUR BANK CONNECT ME WITH YOUR INSURANCE COMPANIES?…….

2. WILL YOUR BANK GIVE ME A CARD TO WITHDRAW ……….. UNLIMITED AMOUNTS?…………. DO I NEED APPOINTMENTS TO WITHDRAW CASH ? WILL YOUR BANK ESTABLISH A CASH RESERVE FOR MY ACCOUNTS?……

3. YO YO YO MR BANKER ……………. U ALL GOT “CDARS” TO PROTECT ME WITH ?…….F26

THE FOLLOWING QUESTIONS ARE FROM PREMIUM MEMBERS THAT WERE POSTED IN CHAT BEFORE FRANK WENT TO THE BANK.

Will you confirm the validity of my notes in house?

1. What is the spread?

2. Will they pay for the insurance on my money if I leave it in their bank?

3. How will you guarantee that my funds will be safe in your keeping?

1. Can I have my bank accounts locked down and the only one that can see my accounts is the Manager and I?

2. If I leave my money here for a set time how much interest can I get.?

3. Can I get my dinar exchanged into the USDC. Digital Dollar and sent to my crypto wallet?

4. Will they guarantee to match any better offer from another bank, so I know I am getting the best deal available by banking here?

5. How many accounts can I open up at one time?

6. If I exchange all of my foreign currency through your bank, would you charge me any service fees for the exchanges???

7. What perks above and beyond what you give to regular customers can you provide to me if I deposit with you?

8. What can you offer me that another financial institute won’t? Why should I select your institution?

9. Transfer limits?

10. How much is it to insure my bank accounts from someone hacking into my bank accounts?

11. If I only exchange some now but will be back to exchange a lot more later could I get a better spread on first exchange too?

12. Can you provide space to store gold and silver?

13. what will be your fee..will it be determined by funds remaining in account, or amount of conversion , or both??

14. Is there a dedicated contact number or person that I can speak with in regards to my account without being routed to a call center?

15. What type of timeframe is There when I request fund to be transferred to a outside Account and is there a transfer limit?

16. If for any reason your bank takes my money and then says the FDIC will help you(I don’t believe they will but not in my lifetime) what kind of policies do you have in place to stop this from happening?

17. can use this with our exchanges, https://www.intrafinetworkdeposits.com/

18. Can I get separate guarantees at each of your branch banks my money is in by having separate accounts?

19. Can I have a non interest bearing account and only make bank withdrawals from my trust? Is it possible not to have a debit card for my account?

20. What type of protection do you offer for a hacking incident through your security into my account via debit card attack?

21. Is it better to get a credit card with a high balance to get instead of a debit card so no one can get a hold of my accounts, wouldn’t this be better option then a debit card?

22. How many cashier’s checks can I get on the first appointment

23. Is there a way to keep local tellers from knowing how much money you have?

24. Will your bank have the necessary equipment in house to validate the notes at the time of exchange.

25. In the news there was some stories that certain bank(s) seemed to freeze accounts over someone’s political position, is that a concern here? (shame we have to ask this now a days) imo

1. Will you offer help with our tax questions?

2. Will you have any objections to come to my attorney’s office and be recorded while doing my exchange?

3. Bank? do you have De La Rue machine?

4. How many interest-bearing accounts can I have for compounding interest from the principal?

5. How many derivatives does your bank hold?

6. Would I have a dedicated person to inform me on the growth of the rate throughout the year?

7. Will we have free access to a wealth management team?

8. Bank? Will I get a no fee account if I deposit my money with you?

9. Can you guarantee that my account would not be used to train tellers?

10. What perks will I get with my account?

11. What high-yield accounts are available at the multi-million $ level?

12. At what deposit point $ (my deposits / others I direct to deposit) will I “NOT” have to pay a spread fee?

1. Can you get me in SILVER OR GOLD for my currencies and I prefer not to keep them at home, how does it work for you to keep here? any charges, how quickly can I get it.

2. Will you pay for INS over the FDIC if I Keep it in your banks, will you have a group health ins for my family.

3. What type of accounts will be available to me? And can you offer transfers of funds outside the USA?

4. Contact information regarding Canadian Banks?

5. how many accts are insured up to $250.000.00 can I have …..

6. Would this account be fiduciary, meaning I have control?

7. What in-house Wealth Management services do you have to offer, and what information about them is available on line?

8. What must my net worth be, to be a part of your Private Bank and what are your fees based on Assets Under Management?

9. Should we bring in 1 IQD note to establish a relationship with the bank before bring in the rest of the IQD notes?

10. Do you have multicurrency accounts, and can we have one in IQD? If not, can we open one in a foreign account and once in IQD, can we send the deposit currier protected by the bank to deposit in their account as IQD?

11. Can we have that account in IQD tied to a bank card and use it in the US, getting the bank card exchange rates that are so low?

12. Do we need a Wealth Manager prior to our exchange?

1. would it be best to get the trust set up prior to exchange

2. Can you give us an idea, by assuming only moderate risk what type of return we could get at different levels of investment left with your bank. Also, what would be the time period we would have to agree for, to get these returns.

3. How will the Bank handle a influx of exchange appointments with a unknown timeframe to exchange?

4. If several accounts are opened each with 250,000.00 due to insurance coverage if placed in trusts after one is established. Do they need separate EIN numbers?

5. When I buy my house, cars etc. what is the best rate and terms you will offer me. I believe in OPM if I can get a 1,2,3,% rate on what I borrow yet make 7,8,9,10% or more on my investments. Lets talk or should I say Negotiate! n my investments

6. If you are involved on a higher level investment platform with your bank, On average how often can you pull distributions from the investment? Annually, Qtrly, monthly, etc…

7. Does your bank participate in CDARs?

1. Why should I do business with you over your competitors?

2. If we as a Group come in and exchange our Dinars , will you drop the spread fee for the ones that would leave 50% of our exchange money in your Bank for not less than three years?

3. How soon after depositing or account opened will I be able to access funds, and will there be a limit placed on how much is withdrawn?

4. Can i deposit my ncsn in your bank ( floating)

5. How will you protect me & fight for me?

6. Can I open an account & place a few dinar in it, then hold the rest until I’m ready to fold?

7. If I exchange my Dinars here and have it deposited into my account in another Bank, What would the spread be?

8. Can I break a 25K IQD Note into smaller Dinar denominations, the same way one might break a $20 bill into smaller bills?

9. Is faxing used as alternative to emails for secure communication? (Olde school faxing)

10. Does your wealth management team set up electronic(digital) exchange capabilities for me(my investment accounts) with stateside brokerage firms that offer better (no) transaction fees between them and my foreign trading accounts?

11. Is a prudent amount for exchange be based on current debt levels? Should any amount or percentage of funds be held in reserve?? Thank You much.

12. Do you) have beneficiary accounts?

13. Will you be able to create “Clean & Clear Certificates to verify funds are legal.

1. Are you invested in derivatives? If so, which ones, and can the wealth manager give me a list of them and their 10 yr history of performance?

Some "Tuesday News" Posted by Samson at KTFA 2-8-2022

KTFA:

Babylon… More than 16 thousand counterfeit dollars were seized and its holders were arrested

02/07/2022 22:10:53

The Babylon Police Command revealed today, Monday, the arrest of two people who were caught in possession of a counterfeit foreign currency of 100 US dollars, in a security control north of the city of Hilla.

In a statement received by Al-Furat News Agency, the Babylon Police said, “The detachments of the martyr Colonel Salam Shannoun, who were in control of the martyrs, were able, after thorough inspection procedures for the arrivals, north of the city of Hilla, to arrest two people who were arrested in their possession of 16,100 counterfeit US dollars of $100 bills.” 

And she added, “The accused were handed over with the seized items to the concerned authority to take the necessary measures against them in accordance with the legal contexts.”   LINK

Samson: The Economic Reform Committee completes its tasks and makes many recommendations

7th February, 2022

Monday, the Economic Reform Committee of the National Sovereignty Initiative completed its tasks and submitted its report to the Minister of Finance, while making several recommendations.

The committee stated in a statement received by Earth News Agency, “Under the chairmanship of Hassan Latif Al-Zubaidi, Executive Director of Al-Rafidain Center for Dialogue RCD, and the membership of a distinguished elite of Iraqi academic economists, the task of studying the form of reform for the economic sector in Iraq has been completed, and a practical plan has been developed to implement an integrated program that begins with legal legislation and runs Sober and radical measures aimed at extricating this sector from its deteriorating reality.”

The committee made “many recommendations, top of which is changing some articles of the constitution to determine the form of the relationship between oil and the Iraqi national economy, regulating the relationship with the region, restructuring some public institutions, activating and supporting the private sector, expanding the activity of private banks, fighting financial corruption, and other steps to be taken.” To overcome crises and evaluate the performance of the economic reality in Iraq.

While honoring the chairman and members of the committee, Finance Minister Ali Abdul-Amir Allawi referred to “the obstacles facing the economic sector, especially in the field of energy and oil,” praising at the same time “the efforts of the Bahr al-Uloom Forum and the National Sovereignty Initiative that adopted the composition of the committee, and in the presence of the initiative’s sponsor, Dr. Ibrahim Bahr al-Ulum.”   LINK

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Samson:  The Arab Monetary Fund, in cooperation with The World Trade Organization and The Islamic Development Bank, organizes a second high-level regional dialogue (remotely) on “Providing Support to Arab Countries that are in the process of joining The World Trade Organization”

8th February, 2022

Abu Dhabi – United Arab Emirates

The high-level regional dialogue on “Providing support to Arab countries in the process of joining the World Trade Organization” will open today, organized by the Arab Monetary Fund in coordination with the World Trade Organization and the Islamic Development Bank Group, during the period  7-9 February  2022 .

This second regional dialogue embodies the effective cooperation between these three institutions, and in response to the priorities set by their Excellencies the Arab Ministers of Trade to enhance the technical capabilities of the concerned parties in the Arab countries, with the aim of overcoming the challenges facing the Arab countries that are still in the process of joining the World Trade Organization and then it will benefit more from the gains associated with the liberalization of international trade in goods and services.

In an effort to join the World Trade Organization, the Arab countries during the past decades have faced a number of challenges, including those related to the legal framework supporting accession, and others related to the challenges of liberalizing some economic sectors, in addition to other challenges related to building the capacities of workers in ministries of trade and other relevant authorities in Arab countries. With regard to negotiation skills to complete the joining process and deal efficiently with the many technical files that this requires.

In this context, the Arab Monetary Fund seeks to assist Arab countries in facing these challenges through a successful partnership with the World Trade Organization and the Islamic Development Bank Group, where several specialized technical courses have been held aimed at developing capacities in Arab countries in related fields.

On this occasion, His Excellency the Director General and Chairman of the Board of Directors of the Arab Monetary Fund, Abdul Rahman bin Abdullah Al-Hamidi, pointed out the importance of supporting the efforts of the Arab countries that are in the process of joining by focusing on implementing a number of diverse activities that are in line with the priorities and needs of these countries, including capacity development and capacity building.

 And exchanging experiences and experiences through joint action. His Excellency also welcomed the important and emerging topics discussed by the dialogue and that are consistent with the priorities of the Arab countries.  LINK

Integrity and (UNDP) discuss mechanisms for the implementation of the United Nations Convention against Corruption

8th February, 2022

Today, Tuesday, the Integrity Commission discussed with the United Nations Development Program in Iraq (UNDP) mechanisms for implementing the United Nations Convention against Corruption and reviewing the implementation of its provisions by states parties

A statement by the Commission, received by the Iraqi News Agency (INA), stated that “a workshop was held between the Integrity Commission and the United Nations Development  Program (UNDP), to introduce the methodology of the United Nations Convention against Corruption and its implementation mechanisms, and to discuss the mechanism for reviewing the implementation of the states parties’ implementation of its provisions and articles, as part of the activities of the (Support) project. Justice Initiatives to Combat Corruption and Promote Trade Dispute Resolution) funded by the European Union Mission and implemented by the United Nations Development Program (UNDP)

In his speech at the workshop, which was held at the Iraqi Anti-Corruption Academy, the head of the authority, Judge Alaa Jawad Al-Saadi, confirmed Iraq, and a group of experts in it, stressed the “importance of partnership in efforts to combat corruption and prosecute violators of public money,” noting that “the Commission’s Law No. 30 of 2011 as amended included its contribution to preventing and combating corruption and adopting transparency in the management of governance affairs at all levels. With the participation of other oversight bodies and under the umbrella of the judiciary

Al-Saadi praised, according to the statement, “the cooperation of the United Nations Development Program – Iraq office and the valuable consultations shown by the program in formulating the national strategy for integrity and anti-corruption, as well as other projects, including: the project (supporting justice initiatives to combat corruption and promoting the settlement of commercial disputes), which aims to identify the mechanism of assistance and advancement of the Iraqi legal framework for combating corruption, ways to improve the capabilities of anti-corruption institutions (investigation and prosecution), and support for Iraq in its good compliance with the requirements of the United Nations Convention against Corruption, to which it acceded in 2007

He added that “the workshop included a lecture by the international expert in the United Nations Development Program Hussein Hassan, in which he addressed the definition of the United Nations Convention against Corruption and the interpretation of some of its articles, clauses, methodology, content and implementation mechanisms. He stressed that “the agreement included a mechanism for settling international disputes arising from its application, and stressed respect for the internal sovereignty of member states, non-interference in their internal affairs and respect for their laws, in addition to cooperation in law enforcement

He added that it “provided a mechanism for reviewing the implementation of the Convention by States Parties,” noting that “the chapters (second, third, fourth and fifth) related to preventive measures, criminalization, law enforcement, international cooperation and asset recovery are the most important things to be reviewed

And he stated that “the mechanism of review and evaluation of the implementation of the States Parties is done through two countries reviewing the implementation of the Convention by another State, and the State submits to the review once during the review cycle, which lasts (5) years, stressing that “the reviewing country must identify (15) governmental experts who prepare a draft report of the State under review. He pointed out that “the agreement works to create an environment that repels corruption, and facilitates the detection of corruption and comprehensive crimes and the expansion of criminalization, in addition to tightening and diversifying penalties, while giving great importance to international cooperation and asset recovery

For their part, the Vice-President of the Authority, Mazhar Turki Abdul, and its general directors expressed their observations about the agreement, noting that “there is a legislative weakness in some of the terms of its articles, and the failure of some of the parties to it to respond to requests for legal assistance and the recovery of smuggled assets

The issue of criminalizing legal persons or not, the term “double criminality” referred to in the agreement and the difficulties facing Iraq in recovering assets and responding to requests for legal assistance was discussed, stressing that “the commission, after which Iraq represented in the agreement, sought to overcome the difficulties faced by efforts to recover those convicted in cases of corruption and smuggled assets.”

Noting Iraq’s compliance with the contents of the agreement, especially in the areas of preventive and legislative measures and drawing up a national strategy for integrity and anti-corruption  LINK

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Samson:  Iraqi aviation destroys a 140-meter-long cave, killing 7 terrorists inside

8th February, 2022

The Security Media Cell announced the destruction of a 140-meter-long cave and the killing of 7 terrorists inside it with an air strike.

And the cell stated in a statement, which received / Mawazine News / a copy of, that “field efforts are being made by the security units in monitoring and following up on terrorist leaders and their affiliated elements, as the Federal Intelligence and Investigation Agency in the Ministry of Interior – in cooperation with the targeting cell of the Joint Operations Command and with hard and hard work for the units, was able to West Nineveh Operations Command is following up on an important site for ISIS leaders south of Hatra, which is a 140-meter cave used as a command and control headquarters for ISIS terrorist gangs, within the boundaries separating the West Nineveh Operations Commands, Salah al-Din and al-Jazeera.

And she added, “The Iraqi F-16 planes were provided with confirmed information about this site, and the planes directed precise strikes and heavy equipment, which resulted in the destruction of the den this morning. And she indicated, “This operation is one of the qualitative pre-emptive operations, after this dangerous detachment was targeted in a strategic place that constitutes an important point in the implementation of terrorist operations.”

And she indicated, “The coordination of work and the exchange of information between the intelligence services had positive, high-level results to achieve very important goals in eliminating terrorist leaders and criminal elements that work with them.

 We will provide you with details later on the names and positions of this precious hunt, which came with distinguished and professional efforts by the Intelligence and Investigation Agency.” The Federal Ministry of Interior will work hard to establish security in this country.  LINK

KTFA Monday Night CC with Frank26 "Good to Be Back" 2-7-2022

KTFA

KTFA Monday Night CC

Frank26:  2-7-22….GOOD TO BE 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#

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=5ImHgnGsqNo