MilitiaMan "A Timely Piece from the UST" Tuesday PM 4-19-2022

KTFA:

MilitiaMan:  U.S. Department of the Treasury

Office of Public Affairs

Press Release:             FOR IMMEDIATE RELEASE

April 19, 2022

Contact:                      Treasury Public Affairs; Press@Treasury.gov  

READOUT: Under Secretary Brian Nelson’s Meeting with Iraqi Deputy Prime Minister and Minister of Finance, Ali Allawi

WASHINGTON – Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson met with Iraqi Deputy Prime Minister and Minister of Finance Ali Allawi on the margins of the IMF-World Bank spring meetings.

They discussed challenges facing Iraq, including inflation and pressure on supplies of food and other commodities as spillovers from Russia’s invasion of Ukraine – food prices in Iraq have increased by double digits since the start of the war. Under Secretary Nelson and Minister Allawi also discussed economic reform efforts and fighting corruption. 

MilitiaMan:  I'll bet there are many others that were privy to the meetings.. The food law, as they are calling it is a necessity of the citizens. They have been talking about the GOI and the 2022 Budget, i.e., a new exchange rate too.. imo..

A new exchange rate is imo all that is needed to curb inflation and bring purchase power.  We know they talked about the  present government can and will address the budget. Thus, the meeting with the IMF-World bank and others imo..

Lets see what the day(s) bring. I suspect they'll re affirm the government's position with respect to the presidencies.

Then, i'll look for the Finance Minister / CBI to have a chat.. jmtc..

I like this a lot. It is a very timely piece from the UST, get my point? lol.. The "" many others that imo involved, were very high up in the food chain.. Very!!! lol... ~ MM

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Samson:  The delay in approving the budget stops projects and confuses economic activity

Specialists in economic affairs renewed their warning of the negative consequences resulting from the delay in approving the general budget law, especially on the investment aspects, stressing the need to reach “political” agreements that would pass the budget, and work to double the items that could contribute to the eradication of poverty and unemployment. Increasing rates of development and urban projects. 

The economic warnings were met with a parliamentary proposal that called for transferring the funds allocated to the Food Security Law to the Budget Law, and working to pass it as quickly as possible because its provisions are linked to the needs of the people.

 Member of the Iraqi Economists Association, researcher Miqdam Al-Shaibani, sees the possibility of a delay in economic activity in Iraq due to the lack of approval of the budget law, as well as a state of stagnation in the national economy, especially since the budget is the government’s annual plan to implement its service and investment programs, and its delay means that projects have stopped Service and investment projects, especially infrastructure projects for electricity, water, roads, bridges, health and education.

Al-Shaibani pointed out that the negatives resulting from not approving the budget law do not stop at the limits of delaying projects only, but also cross them to reach dangerous economic levels because spending is determined at a ratio of 1/12 according to the state’s financial management law until the budget is approved, meaning that spending will be determined according to the conditions of the year. The previous financial, and this means the absence of new projects

 In addition to the disruption of old projects that need financing, which will lead to high rates of unemployment and poverty and send unreassuring messages to the private sector and investors, and thus the delay in approving the budget may lead to stagnation economic.

 Food Security Law 

The economic researcher believes that sending “the law of emergency support for food security and development to the House of Representatives does not come within the powers of the caretaker government, and if the current government has the power to send laws, then sending the federal general budget for the year 2022 is more important than sending the law of emergency support for food security.”

Al-Shaibani pointed out that “the Food Security Law, with its paragraphs, is another operational budget that is added to the consumption expenditures spent by successive federal governments,” noting by saying, “I think that the adoption of the emergency support law for food security and development is an elimination of investment and development in Iraq, as Most of the exchange doors in this law are consumer goods, and at the current stage we need to support production and investment, and in the Federal General Budget Law, this matter can be achieved through the investment budget.”

clear financial aspect

The economic warnings were met with parliamentary support expressed by Representative Laila Mahdi al-Tamimi, who confirmed to “Al-Sabah” that “the food security law, which the government sent to the House of Representatives, contains a financial aspect, and according to the system, laws that contain a financial aspect cannot be implemented.” Send from the caretaker government to the Council  Representatives.”

The representative indicated, “The Food Security Law is a clear violation, and it would have been more appropriate to send the General Budget Law, the paragraphs of which affect the life of the citizen directly and significantly, as many segments are waiting for the legislation of a law.” budget.”

The MP pointed out that despite the need for the government to send a draft budget for 2022, however, “the Food Security Law is important for a certain stage, during which the needs of a large social segment are addressed, especially the poor, who are in dire need of the Social Protection Law, and therefore focus must be placed on On this slide to achieve food security to her".

Al-Tamimi suggested transferring the funds allocated to the Food Security Law to the 2022 budget to address lagging projects, as well as address other problems, such as free lecturers and other problems. Economic.

The financial advisor in the Prime Ministry, Dr. Mazhar Muhammad Salih, pointed out during a previous interview with “Al-Sabah” that “one of the alternatives that the government has resorted to, is its submission of the emergency food aid bill with a spending ceiling of 35 trillion dinars, which includes subsidizing the ration card. Social welfare programs, subsidizing the prices of crops such as wheat, rice and rye, and a grant of 100,000 dinars, as well as covering the activities of investment projects   link

KTFA Members "News and Views" Tuesday 4-19-2022

KTFA: 

Samson:  Russia plans to sue over frozen reserves

19th April, 2022

The head of the Russian Central Bank, Elvira Nabiullina, said that the financial regulator (the Russian Central Bank) is preparing to file a lawsuit to overturn the West's decision to freeze part of the reserves of the International Bank

The head of the Russian Central Bank said, "This is an unprecedented freezing of gold and foreign exchange reserves, we will prepare legal cases, and we are preparing to file them (a lawsuit) because the move is unprecedented on a global scale

The official indicated that "due to the freezing of part of Russia's international reserves, the Russian Central was forced to apply additional criteria to control the (exchange rate) of the Russian currency LINK

Samson:  Russia Refuses To Disclose Which Countries Have Agreed To Deal With It In Rubles

18th April, 2022

Dmitry Peskov, press secretary of the Russian President, commented on the issue of the transition to the Russian currency in gas payments with unfriendly countries, on the instructions of Russian President Vladimir Putin.

In response to a question about the progress made on the issue of the transition to the Russian ruble in payments for natural gas exports from Russia, Peskov indicated that information should not be published about the number of countries that agreed to the move.

"It is unlikely that such information will be released (the countries that have moved to ruble payments)," the official told reporters on Monday. He indicated that Russian Deputy Prime Minister Alexander Novak is following up on the matter, and that the gas company "Gazprom" is in direct contact with customers, including buyers in the European Union.

The press secretary of the Russian President added that the export payments that took place in the month of April, after the entry into force of the President's decree on the payment mechanism, will be in next May, meaning there is some time.

Last week, Russian Deputy Prime Minister Alexander Novak said that several buyers of Russian gas had already agreed to convert payments into Russian currency. He noted that the conversion of Russian gas payments to the ruble stems from Russia's desire to ensure that it receives payments for gas supplies.

After Western countries imposed sanctions on Russia, which affected part of its international reserves, Moscow announced the transfer of gas payments for unfriendly countries to the ruble, in order to ensure receipt of the price of the supplied gas.

On March 31, Russian President Vladimir Putin signed an order setting out a new system for paying for Russian gas supplies by buyers from unfriendly countries.

Based on the decree, customers in unfriendly countries are required to open accounts in the Russian currency in Russian banks, and the decree will enter into force as of April 1, 2022.   LINK

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Iobey777:  TUESDAY BLESSINGS    APRIL 19

QUOTE FROM FRANK LAST NIGHT, "IN MY STRONG OPINION, INSIDE OF THIS MONTH OF APRIL; SOMETHING MAJOR WILL OCCUR INSIDE OF IRAQ. IN MY VERY STRONG OPINION, SOMETHING MAJOR WILL OCCUR INSIDE OF IRAQ... BUT ... WHAT WE KNOW, WE CAN'T SAY SPECIFICALLY... WE JUST KNOW THAT SOMETHING MAJOR IS GOING TO OCCUR INSIDE IRAQ....FRANK26"  

INSIDE THIS MONTH OF APRIL AMEN

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Samson: Kurdistan Region suspends work tomorrow

04/19/2022 16:20:25

The Kurdistan Regional Government decided to suspend the official working hours tomorrow, Wednesday.

The holiday comes on the occasion of the Yazidi New Year.   LINK

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Samson:  The government calls on the House of Representatives to vote on the Food Security Support Law: It provides basic services

19th April, 2022

Cabinet spokesman Hassan Nazim confirmed, on Tuesday, that the Food Security Law provides basic services to the people and is of great importance.

"The Food Security Law provides basic services to the people and is of great importance," Nazim said in a press conference attended by Mawazine News.

He added, "We hope to vote quickly on the food security law in Parliament without making changes to it."   LINK

Samson:  Is It Possible To Pass The Budget Of The Caretaker Government Without Final Accounts?

19th April, 2022

The legal expert, Ali Al-Tamimi, explained the possibility of passing the 2022 budget without final accounts for what preceded it, as well as clarifying the constitutionality of passing the budget by Parliament despite the fact that the government is a daily business.

Al-Tamimi told Al-Maalouma, “The House of Representatives has the possibility to ask the caretaker government to send the budget law to Parliament, because this is related to food security, which is one of the government’s first priorities. managing everyday affairs.”

He added that "authorizing the government to send the budget requires a vote of the absolute majority of the number of parliament members, that is, the total number plus one, and that this right is limited only to the budget law only."

Al-Tamimi explained, “Sending the budget after authorizing the government to do so must be preceded by the approval of the final accounts of the previous year’s budget in accordance with the Financial Management and Public Debt Law No. 6 of 2019, as this is implemented in accordance with Articles 62, 5 and 61 of the constitution and 12 and 13 of the Financial Management and Public Debt Law. No. 6 of 2019 and Articles 128 to 138 of Parliament’s bylaws.     LINK

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Samson:  Parliamentary Finance: Big gains for farmers in the Food Security Law

18th April, 2022

The Parliamentary Finance Committee identified Monday, the most important gains for farmers after the legislation of the Food Security and Development Law, and while it confirmed that it would rewrite it through tables specifying the exchange sections, it stressed that it would not make any judgments and additions that affect its application.

Member of the Parliamentary Finance Committee, Nazim Al-Shibli, said, "The committee continues to hold its meetings to complete the draft law on food security and development, as it is related to the life and needs of the citizen, and the law will concern two sectors: trade and agriculture, and the need to support them because they affect food security."

He added, "The Finance Committee met with the relevant ministers and officials in order to identify the most important paragraphs related to the supply of food supplies, the payment of farmers' dues, and the purchase of the wheat crop."

Speaking about the most important gains achieved for farmers, he stressed that "the law stresses the payment of farmers' dues within a day or two after the delivery of the crop and there will be no delay, and the law will pay all previous dues and also for the current season."

He pointed out that "the current financial abundance achieved from the increase in oil prices needs a legal cover for the disbursement of funds under the Food Security Law, while there will be an entitlement to the oil-producing governorates under the petrodollar item."

He stressed that "the Finance Committee will not add jurisprudence and paragraphs that deprive the law of its content and affect its application, and it will be applied until the end of this year and will rewrite the law through tables specifying the exchange sections and what each section needs."   LINK 

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BearCinnabar:  The Food Security Law seems to be one of the governments' first priorities and good to know it will need the budget. Iraq is good in always planning ahead and it may seem like many layers, but actually it's amazing.  IMO.

The article has some interesting parts and meaning:  See:   "the most important gains for farmers after the legislation of the Food Security and Development Law, and while it confirmed that it would rewrite it through tables specifying the exchange sections, it stressed that it would not make any judgments and additions that affect its application."

and

"He stressed that "the Finance Committee will not add jurisprudence and paragraphs that deprive the law of its content and affect its application, and it will be applied until the end of this year and will rewrite the law through tables specifying the exchange sections and what each section needs."

BearCinnabar:  Know this:  "There will be the formation of joint committees from different ministries to monitor the market, control prices and prevent monopoly. The Minister of Agriculture said the government is considering a strategy for supporting the agricultural sector in accordance with the food security bill."  IMO.

More insight from the web:  

The World Bank:  Food and Agriculture Organization of the United Nations:
https://reliefweb.int/sites/reliefweb.int/files/resources/Food%20Security%20English%20-%20Issue%204%20.pdf

The Borgen Project: 
https://borgenproject.org/food-insecurity-in-iraq/

KTFA Monday Night CC With Frank26 :"New Color For a New Government!" 4-18-2022

Welcome Back Frank!!!

KTFA Monday Night CC  4-18-2022

Frank26:  4-18-22…….NEW COLOR FOR A NEW GOVERNMENT

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

Tonight Walkingstick joins us to answer questions….

WALKINGSTICK Answers Per Frank26 with Notes typed by TINK:

FIRST OF ALL A CARETAKER GOV WILL NOT INTRODUCE A NEW EXCHANGE RATE

A CARETABKER GOV IS JUST THAT TO KEEP A FUNCTIONING GOV BODY

THE NEW EXCHANGE RATE WILL BE INTRODUCED BY A SEATED GOV

​THE EXCHANGE RATE IS BEING RECALCULATED DAILY… LIKE THE USD RATE CHANGES DAILY

IRAQ RECALCULATES DAILY AND WILL CONTINUE TO DO SO UNTIL THE LAUNCH OF THEIR NEW EXCHANGE RATE AND CURRENCY

UNDERSTANDING THAT THEY ARE CALCULATING INFLATION OUT OF THEIR EXCHANGE RATE

IN SHORT THEIR ATTEMPT IS TO MOVE AWAY FROM USD… BASICALLY MOVING AWAY FROM PAR OF USD TO A BASKET OF CURRENCY AND THOSE CALCULATIONS HAVE BEEN DONE AND ARE RECALCULATED ON A DAILY BASIS

​MANY COUNTRIES ARE MOVING AWAY FROM USD

​UKRAINE/RUSSIA:  IF PEOPLE LOOK AT THE HISTORY THERE IS A TIME WHEN THE RUBLE GAINED IN VALUE

YES FOR THE FACT THEY (Iraq) ARE NOW LOOKING AT THE INTRODUCTION OF A CURRENCY BASKET NOT ON PAR WITH THE USD… THAT IS A CONDITION THAT CHANGED

AUCTIONS HAVE RETURNED ...HIGH NUMBERS WHAT IS THAT ATTRIBUTED TO?

WAITING FOR A SEATED GOV….. NOTHING ELSE PREVENTING THEM FROM RELEASING THE NEW EXCHANGE RATE

THEY ARE PREPARED NOW TO INTRODUCE A NEW EXCHANGE AND CURRENCY…. RIGHT NOW THEIR GOAL IS TO MOVE AWAY FROM THE USD

IRAQ IS GOING IN INTERNATIONALLY AT A BASKET PRICE NOT GOLD BACKED

PETRA:  The Arab Accounting Dinar (AAD) exchange rates are fixed by the Arab Monetary Fund (AMF) equivalent to three units of Special Drawing Rights (SDR) as determined by the International Monetary Fund.   SDR: USD= $1.36  The AAD is = to IMF SDR..which equals $1.36 x 3…. No higher than $1.36x3! IMO

Please watch the entire video for the entire Q&A with Walkingstick….Many of the Questions are read out loud and many answers from Walkingstick are typed by Tink.

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

KTFA Members "News and Views" 4-18-2022

KTFA:

Samson:  Russia Reveals A Jump In Its Trade With India

18th April, 2022

The volume of trade exchange between Moscow and India increased in 2021 by 62.7 percent compared to 2020, and amounted to nearly $4.5 billion, according to the website of the mayor of the Russian capital.

Russia is one of India's main partners, and priority is given to expanding bilateral trade and economic cooperation with it, Vladimir Yefimov, Moscow's deputy mayor for economic policy, real estate relations and land, said in a statement today.

The Russian official added that the Russian capital's trade volume with India rose last year by 62.7 percent and amounted to about $4.5 billion.

He pointed out that Moscow's exports to India amounted to $2.3 billion last year, about double what they were in 2020, noting that nearly half of this amount is due to exports of industrial sector products.

In 2021, exports of products from the industrial sector to India increased by 46.1 percent to about $955 million, and this dynamic is linked to high growth rates of exports of various electrical and communications equipment from the Russian capital.  LINK

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Popeye7:  Imo, I recall articles back in late March of this year that indicated that Russian PM Putin would declare victory, or end the war in Ukraine on May 9th... Ironically, that is about the same day, give or take a day or two, that the 40 day pause that Sadr declared will end as well... Orchestration possibly?...

There is so much that goes on behind the scenes with world leaders, and their decisions that are based on key dates... May 9th is the same date that Russia holds victory celebrations every year in remembrance of their victory over Nazi Germany... After Germany had tried unsuccessfully to take over their country during WW2... I just found that curious... I'm probably not the only one who has thought about this, and correlated the 2 time frames... 

One thing to bear in mind is that the World Bank had predicted a 9 percent increase in Iraq's economy this year within articles Samson brought to us last week... That is a substantial  uptick, and would seem to need something rather dramatic happen within Iraq concerning their economy to actually come to pass...

Considering we are in the 2nd quarter of this year already, it would seem whatever is going to occur will need to happen in the near future... We shall see, and just putting together pieces of information we have received via the news... Thanks again Samson...

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Samson:  Kurdistan Suspends Official Working Hours For 10 Days On The Occasion Of Eid Al-Fitr And Workers

18th April, 2022

The Kurdistan government decided, on Monday, to suspend official working hours for 10 days.

And she said in a statement received by / the information / that "the citizens of the Kurdistan region will have a vacation that extends for 10 days, according to the official holidays calendar."

And she added, "According to the official holidays calendar (calendar) approved by the regional government, it will disrupt the official working hours in all government institutions and departments from 28-4 2022 until 7-5 2022."

She explained that "these holidays are on the occasion of the International Labor Day and the blessed Eid al-Fitr."   LINK

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Samson:  Do we need Al-Kazemi? Yes, we still need Mustafa Al-Kazemi (relationships)

18th April, 2022

Is the Prime Minister just a senior official in the state, meaning is he a technical, administrative person, who works certain hours, signs government mail, sits behind a comfortable office, and then leaves after a few hours, to live with his family members as any employee lives else?.

Is it possible for anyone with administrative specifications or technical expertise to occupy this high government position, or are there advantages and characteristics that must be available to those who confront this difficult, difficult, arduous and tiring position?

Certainly, the prime minister is an employee of the state, but he is not like all of its employees. He is actually part of it, but he is also its heart, and the “dynamo” that manages all its activities is the most important site, and in the language of the programmers, the “admin” is the greatest in its operating technology, as the position is not managed. Simply put, it is not subject to a simple evaluation until it is paid by anyone with some subjective characteristics.

The prime minister is the most important and pivotal figure in the structure of any state with a parliamentary system, and he is the basis for managing all the joints of the state. Therefore, Iraq requires a prime minister, who possesses these qualities, and has dimensions of this style, and perhaps in choosing Mustafa Al-Kazemi we found the charisma of the person we need. 

In addition to the fact that the man has a cultural background of knowledge, a patriotic dimension, and a stock of cumulative security and information work, he possesses a very important international relations system, which he succeeded in a short period of time in employing for the benefit of Iraq, and succeeded in transforming it into an area of ​​convergence of the antagonists, the convergence of the convergent, and the cooperation of the intersecting, And we have seen how Iraq, orbiting in the orbit of the neighborhood and the region, has become the source of dialogue and the starting point for different directions

And thanks to him, we have become a destination for those seeking mediation, solutions and rapprochement on the basis of the acceptability of Al-Kazemi’s person as a neutral mediator, and a person who respects her word, and puts herself and then her country in the right place.

Yes, Al-Kazemi has turned Iraq into a very active diplomatic point, intensified his presence in the international arena, and also succeeded in creating a rapprochement that will continue to shade the region, and we have reaped its fruits in Yemen, Syria, Lebanon, the Gulf and other countries.

Yes, here is Al-Kazemi turning Iraq into a stand-alone axis, after all parties wanted to turn it into a dependent sideline, and Iraq still enjoys a reputation and an excellent role in international diplomacy, we need its continuation and growth, especially with the situation surrounding us now, and we need Al-Kazemi to continue his pivotal role in meeting the days, and that the political forces do not sacrifice this experience on the altar of self-interest and factionalism.  LINK

Samson:  The "crater of fire" in Iraq... an inexhaustible treasure facing neglect

03/31/2022 23:29:25

The land of Iraq is rich in many natural resources, including tar and other important resources, which can generate millions of dollars for the state if optimally invested.

"Heet" in Anbar Governorate, western Iraq, is one of the important districts that contain natural Qir springs. Rather, it is considered the most among the cities and other districts at the governorate and country level, where the quantities, sizes and diameters of these springs vary.

According to the testimonies of the people in the district of Hit, these eyes are natural without human or machine intervention, and they are sold by the landowner for many uses, including for painting the roofs of homes and residential and commercial buildings to prevent moisture from penetrating inside, in addition to washing them for people with skin diseases, and they indicated that the asphalt was used in the manufacture of the bucket in which water is drunk, as well as the batiyeh, which is a vessel used when kneading flour and preparing it for bread.

According to the oil engineer Ahmed Al-Faraji, "these springs were found 5 thousand years BC, when the founder of the Akkadian Empire, Sargon of Akkad, visited them when he settled in Anbar at the dawn of the dynastic era and called it the crater of fire."

He said, "The civilizations that were built in Mesopotamia have withstood long periods and prevented their erosion until today because of their use of bitumen from the springs of Het and other northern and southern cities, and they preserved the strength of buildings such as the ruins of Babylon, the Ziggurat of Ur, the ancient Hit castle, and the stone supports of the waterwheels built on the Euphrates River in the western districts of the governorate. Anbar, which irrigates the agricultural shoulders of the Euphrates.

As for the areas of those springs, according to Al-Faraji, they do not exceed 15 meters in width and 10 meters in length, and their depth is not specified, as there is a famous incident that the people of Hit have been circulating so far, which is the fall of a bulldozer with its driver in one of the eyes of the dam, which caused the death of the driver and the loss of the bulldozer.

According to the Geological Survey of the Ministry of Industry and Minerals, there are 8 Qir springs, 5 of which are in the district of Hit: Ain Al-Taif (525 tons annually), Ain Al-Marj (550 tons), Ain Al-Mamoura (2250 tons), Ain Al-Siyali (450 tons) and Ain Al-Aatat (2550 tons). ) and 3 others in the city of Ramadi, Anbar Governorate, in the west of the country: Ain al-Jabaha (500 tons), Ain Abu Jir (525 tons), and insulators (430 tons).

The expert on environment and water strategies, Ramadan Hamza, identifies the negative effects resulting from these green springs, and said that they begin to evaporate during the summer due to the high temperatures, which generates unpleasant and toxic emissions to the inhabitants and farmers near them. "The decrease in the waters of the Euphrates River contributes to an increase in pollution due to the seepages of tarry springs from oil residues and geological faults towards the main and secondary rivers," he added.

In turn, Ahmed Abdel-Razzaq, 39, a resident of Heet district, suffers from gases that evaporate from the springs of al-Qir near his home, which corrode refrigeration, air conditioning and other electrical appliances, appealing to government agencies to find a quick solution to these problems.

In parallel, economic researcher Mustafa Saleh said, "Oyoun al-Qir is an investment landmark of the city of Hit, and it can be used medically and industrially, and it can be invested to generate money and provide job opportunities for the unemployed." Saleh called on the relevant official authorities to take advantage of these natural tar springs by constructing asphalt plants and paints, and indicated that "there is another economic feasibility after investing the tar springs after achieving local sufficiency by exporting the surplus from them abroad because they are inexhaustible springs."

For his part, the biological expert, Dr. Haider Moataz Mohie, reveals the medical benefits of tar, and says that it treats headache pain, relieves ringing in the ears, seborrheic dermatitis, psoriasis, skin peeling, dandruff, and skin scaling known as eczema, fungal diseases and joint pain.

The medicinal benefits of tar are due to the fact that it contains a group of organic liquids, and sulfur and copper are included in its composition, in addition to heavy elements such as lead and mercury.

The researcher concludes by saying, "Kitar is oily water derived from the underdevelopment of sedimentary rocks after the evaporation of light hydrocarbons from crude oil," noting that the environmental factors (soil, climate, water) made the area agricultural par excellence, producing abundant crops and necessary to sustain the life of its inhabitants, in addition to the availability of materials used in various food industries such as molasses (date honey), rashi (tahini) and vinegar.

LINK

KTFA Members "New and Views" Sunday PM 4-17-2022

KTFA:

Samson:  Russia sells its oil about $29 less than Brent crude

17th April, 2022

Official figures showed that Russian gas exports to Europe declined in the last five months, and the prices of Russian oil contracts recorded a noticeable decline

The Russian "Gazprom" company said that the volume of exports to Europe and Turkey decreased by 26.4 percent between early last November and the middle of this month, compared to the same period last year

Russian oil production lost more than one million barrels per day in the first two weeks of this month, recording a decline of 7.5%, to stop at 10.2 million barrels per day

At the same time, the Russian Ministry of Finance reported that the average price of Russian Urals crude amounted to about $80 during the month ending April 14, which is about $29 lower than the average price of Brent crude, which is the main international standard for the world oil market LINK

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Samson:  The Russian President Signs A Law On Dealing In Rubles With Foreign Investors

17th April, 2022

Russian President Vladimir Putin has signed a law providing for the settlement of ruble transactions with foreign investors in the private sector in the field of building liquefied natural gas cargo ships and shipping services.

The law stipulates that prices for services at the port, such as loading, unloading and storage of liquefied gas produced in the Russian Arctic, can be estimated in foreign currency, while payments for these services will be only in Russian rubles.

This step aims to reduce the risks of implementing LNG projects related to fluctuations in foreign exchange markets.

Currently, projects are being implemented on the Yamal Peninsula, in the Kamchatka Territory and Murmansk Region, for the construction of offshore LNG transport complexes.

These complexes will store and transport LNG using floating gas storage facilities, as well as offshore sites for ship-to-ship LNG transshipment.   LINK

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Clare:  FROM FRANK: DEPENDING ON WALKINGSTICK & FRANK’S COMFORT OF PAIN LEVEL, BUT AS OF RIGHT NOW WS & FRANK ARE ON SCHEDULE FOR APRIL 18TH MONDAY’S UB2B AT 7 PM EST.

WS & FRANK WILL COVER A VARIETY OF QUESTIONS THAT NEED ANSWERS……. EVERYTHING FROM THE BUDGET RELEASE TO THE POTENTIAL EXCHANGE RATE OPTIONS.

IT WILL BE AN EXCITING AND INFORMATIVE NIGHT. PLEASE JOIN US… IT IS ALSO EPIC BECAUSE WS WILL BE WITH US!!! INVITE EVERYONE BECAUSE WE WELCOME EVERYONE AT KTFA……. 

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Samson:  An Economist Determines The Dollar Exchange Rate In The 2022 Budget

17th April, 2022

\On Sunday, economist Basil Al-Obeidi set the dollar exchange rate in the 2022 budget.

Al-Obaidi said, in a statement to the "Information" agency, that "the exchange rate has nothing to do with preparing the federal budget, since the Ministry of Finance is responsible for its numbers, and it is the one who makes estimates of revenues and expenditures based on the contexts in which it operates," noting that "any budget that is formulated for the year 2022 will be the adoption of a price the current dollar was exchanged without any change.

He added that "the political blocs can pressure towards changing the current exchange rate in a way that strengthens the dinar, which is what some expect and wish, given that most of the political blocs that entered the elections raised this slogan."

And he indicated that “the exchange rate will remain unchanged, and everyone’s justifications are logical. The Central Bank will argue with its agreement with the World Bank, and the Ministry of Finance will say that it compensated the poor with paragraphs that support the ration card and social protection.”

He pointed out that "the opinions of experts and consultants who support the policy of stabilizing the exchange rate may appear because its change causes damage to the national economy," excluding "a change in the exchange rate during 2022."  LINK

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Samson:  Deputy for the Coordination Framework: We are looking for Al-Kazemi to remain Prime Minister for the next stage

17th April, 2022

The representative of the State of Law, inside Radi, confirmed today, Saturday, that the continuation of the political blockage may lead to a discussion of the continuation of the current government until a way out is found.

Radi said, "The current government is a caretaker government and it is proceeding according to the administrative contexts entrusted to it, but discussing the matter of continuing to perform its work until the next elections may be the subject of discussion among the political spectrum if the current political blockage continues."

And he indicated that "despite the different visions and the adherence of the political blocs to their positions, there is an active political movement in the political arena and an attempt to break the current stalemate, and there are serious and effective dialogues led by some blocs and independent personalities. politics on the right track.  LINK

MilitiaMan Saturday PM "This is a Very Good Sign" 4-16-2022

KTFA:

Samson:  Iraq.. Expose the reasons for the demands to withdraw the hand of the director of customs

16th April, 2022

Independent MP Hadi Al-Salami revealed the reasons for the demands to withdraw the hand of the director of the General Customs Authority, while noting that the Border Ports Authority took a positive step to reduce the rampant corruption in the joints of institutions linked with it.

Al-Salami said in an interview with "Mawazine News" that "the border crossings have taken a positive step in establishing an electronic platform for their work, in cooperation with the Industrial Development Directorate of the Ministry of Industry and Minerals, the Ministry of Trade and the security and intelligence agencies to monitor work through the electronic platform."

He added that the Customs Authority refused to enter the platform due to corruption and the spread of bribery and graft, so that it refused electronic automation and violated the decision of the Council of Ministers obligating to adopt the electronic platform and did not apply the laws.

He pointed out, "He sent a letter to demand the withdrawal of the hand of the Director General of Customs for failing to implement Cabinet Resolution No. 106 of 2018, which obligates the relevant government agencies to adopt electronic documents in their transactions related to commercial exchange at border ports and to archive these transactions according to an electronic system and within a specified time limit."   LINK

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MilitiaMan:  No wonder there is movement on the borders to get compliance, the ISO20022 is in the making already. It has been long over due. This article supports that the time is now not next year like has been (imo) recklessly thrown out yesterday.

Notice that they use the word graft.. The siphon is now capped.. The leaking at the borders was likely consistent with the likes of the coordination frameworks honey pot and that is looking to be no longer.. Look at the level of attendees this last few days in vegas.

The world is not looking back nor are they waiting much longer for significant change. There no more procrastination and Iraq has shown they know it and have had to react. This is a very good sign.. imo..  ~ MM.

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The countdown to move to the ISO 20022 standard starts now. 

Around the world, experts are noting that high value systems like SWIFT Worldwide, Target2, EBA, and others, are mandating the implementation of ISO 20022. To effectively manage expectations, timelines have been given for ISO 20022 adoption. In most cases, November 2022 is the date to remember. 

In 12 months, banks will begin to recognize ISO 20022 as the standard for high-value payments systems. It is projected that ISO 20022 will be so widely implemented that SWIFT is estimating 79% of high-value payments by volume and 87% of payments by value will already have migrated to ISO 20022 by 2023, if current deadlines are met. 

The time to act is now, those who continue to prolong migration efforts could risk missing the variety of benefits associated with early adoption.  

"ISO 20022, first introduced in 2004, is an international standard for relaying electronic messages between financial institutions."

https://www.electran.org/events/etatransact/companies-attending-2022/

Some "Friday News" Posted by Samson at KTFA 4-15-2022

KTFA:

Samson:  Saleh: Iraq is in its best economic conditions, and there is no need after today to borrow

15th April, 2022

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that Iraq is living in its best financial conditions, while ruling out the government's resort to external borrowing.

Saleh said, in a statement to the official agency and reviewed by "Mawazine News", that "Iraq is living today in its best financial conditions with its modern history in terms of cash flows."

He called for "the necessity of employing these cash flows in productive investments for the resource of the national economy, as well as the operation of national human resources in activities that should be income-generating and wealth-promoting at the same time."

He added that "investment policies for large resources require operating them with economic joints in order to achieve financial and economic sustainability," noting that "exceptional circumstances are what impose a borrowing policy, including the deficit of government revenues due to the cycle of declining oil assets."

He stressed that "the rise in oil prices and the resulting large rentier revenues will obviate the idea of ​​external government borrowing."   LINK

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Samson:  An unexpected surprise.. Leaks indicate that the coordination framework may present Al-Kazemi as a compromise candidate and keep his government

15th April, 2022

The forces of the coordination framework are studying all the options available to them to get out of the political crisis in Iraq with the lightest possible damage, with the expiry of twelve days from the forty-day period set by the leader of the Sadrist movement, Muqtada al-Sadr, to settle the crisis before returning the ball to him.

Leaks revealed that forces from within the framework believe that maintaining the government of Mustafa Al-Kazemi, with ministerial amendments to it, may be the most realistic and appropriate option in light of the current political blockage, especially with the Sadrist movement not showing any cooperation or response to the initiative put forward by the framework to form the largest parliamentary bloc.

Observers believe that the current crisis is forcing the framework to search for alternative options and from outside the box, in light of the conviction among its leaders that there is no hope in betting on a settlement with the current whose leader adheres to his negative retreat, pending the expiration of the deadline that ends after the Eid holiday to return the helm of managing the political process to him. 

The renewal of the premiership became possible, and the State of Law coalition, led by former Prime Minister Nuri al-Maliki, expressed the possibility of supporting the renewal option for Al-Kazemi, noting that his conservative position in the past was from a principled standpoint, which is not to renew the three presidencies.

A member of the coalition, Wael al-Rikabi, explained that "the prime ministership is a Shiite entitlement, just as the presidency of the republic is the entitlement of the Kurds, and the parliament's presidency is the entitlement of the Sunnis, so the prime minister must be in agreement with the Shiite forces such as the framework, the current and some independent forces."

He said that "the framework's position was clear, which was not to renew the three presidencies, but after renewing the tripartite alliance of Parliament Speaker Muhammad al- Halbousi , it became possible for the presidency and the prime minister." for Al-Kazemi. LINK

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Samson:  Al-Kazemi .. New ideas for a different Iraq

15th April, 2022

During his two years in power, it seems that Prime Minister Mustafa Al-Kazemi crystallized many ideas, and built many foundations in practice after they were only theoretical foundations, but also removed a lot of ambiguity and confusion in the understanding of the political forces of the meaning of state building, the concepts of its evaluation, as well as the mechanics of its movement as a machine. Great, a lifter of society, and a refined representation of societies that are still in an integrative process, hindered and delayed by decades of wars, dictatorships and crises.

For this reason, Al-Kazemi, who has an excellent understanding of the problem of Iraq, and has also written a book in this direction, responds in a press interview conducted by the (Washington Post), to the summary of his vision of the state administration, saying (sovereignty and the monopoly of violence).

Indeed, it is an accurate diagnosis of the components and possibilities of establishing any state. Without the sovereignty of the national decision, internal liberation, and the ability to diagnose interests, the political process remains incomplete and revolves in a vicious circle.

Just as any state’s retraction from the monopoly of violence in its own hands, using it in accordance with legislation and regulating laws, based on legitimacy and constitutionality, will lose the meaning of its existence, and it will be challenged in its credibility on the ground, and it will not be able to enforce the law, and go to settle the problems arising from the difference and conflict of interests between individuals or groups.

So, Al-Kazemi knows what we lack in Iraq, and he is aware of the importance of the presence of these factors in political practice, and he deeply understands the meaning of failure to complete these entitlements, and how the state will remain shaky, without decision, tottering, and without a stable and stable root for it, and it remains just an old "machine", It is unable to produce, manage the conflict between its parts, or digest its inputs, to produce outputs that are compatible with the urgent need of the state as a crucial element in the lives of peoples.

We hope that Al-Kazemi will succeed in his mission to be re-assigned, and we sincerely hope that this understanding and concern will be the dominant feature of the entire political scene. LINK

Economist: Separating Russia from the SWIFT system will destabilize the dollar's ability

15th April, 2022

Daisuke Karakama, chief economist at Japan's Mizuho Bank, said Russia's disengagement from SWIFT would shake the dollar's ability to face long-term rejection of the US currency in international settlements.

"The move away from the dollar in global foreign exchange reserves is a long-term trend that has been around for a long time, but after the start of the crisis in Ukraine, it may intensify," the analyst added.

The expert pointed out that the separation of Russia from the SWIFT system threatens in the long run the dollar’s ​​hegemony: “The possibility of Russia’s link to the Chinese international interbank payment system CIPS was discussed in connection with banning SWIFT... If this becomes the norm, the dollar’s ​​hegemony will decline and collapse.”

The Japanese expert explained that the separation from the SWIFT financial system has a significant impact, but over time Russia will adapt to it, and as a result, this will reassure those who fear financial sanctions from the United States.

The expert added, that the dominance of the US currency will not go anywhere in the near future, but when the world gets used to living without the SWIFT system, the situation will gradually change.

In general, over the past 20 years, the dollar's share in foreign exchange reserves has fallen by about 12 points, from 71% to 59%, and this void has been filled by other currencies, in particular the Chinese yuan, which rose by 8.3 points, from 1.7% to 10 %.

According to the economist, it is clear that the trend in managing foreign exchange reserves over the past quarter century has been to get rid of the dollar and switch to the currencies of rapidly developing countries and resource-rich countries: “Of course, the dollar-dominated international monetary system is unlikely to change significantly overnight, however, Russia’s break with SWIFT has created a simulation of a “dollar-free future,” and that may lead to changes in how some countries manage their foreign exchange reserves.

After the start of the Russian special military operation to disarm Ukraine, the West intensified its pressure on Moscow. The restrictive measures taken against Russia are directed primarily against the banking sector and the supply of high-tech products.  LINK

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Samson:  Putin: Banks of "unfriendly countries" are delaying payments for Russia's energy resources

14th April, 2022

Russian President Vladimir Putin announced today, Thursday, that banks of "unfriendly countries" are delaying payments for Russian energy resources.

"We are observing a disruption in payments for the supply of Russian energy resources... Banks of unfriendly countries are delaying the transfer of payments," Putin said, during a meeting on the situation of the oil and gas sector, according to the Russian "Sputnik" news agency.

The Russian president noted that a task has been set for converting payments into national currencies, and gradually abandoning payments in dollars and euros. He added that the partners from countries not friendly to Russia admit that they cannot give up Russian energy sources, including gas.

Putin concluded by saying: "European countries are constantly talking about refusing Russian supplies, which further destabilizes the market, and thus they are working to increase prices themselves ... and in the first place for their citizens."

Putin had signed a decree on the mechanism for paying for natural gas supplied to "unfriendly countries", including the European Union, in Russian rubles.  LINK

KTFA Members "News and Views" Tuesday 4-12-2022

KTFA:

Clare:  GREAT! NOW DO IT!.....

Samson:  Al-Zamili: We will ask the government to send the 2022 budget

12th April, 2022

Today, Tuesday, the First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, announced a request to the government to send the 2022 budget.

Al-Zamili said in a statement to the official channel, which was reviewed by Mawazine News, that "the House of Representatives will ask the current government to prepare and send the 2022 budget."

The Deputy Speaker of Parliament, Shakhwan Abdullah Ahmed, confirmed earlier that the Parliament is continuing its work and performing its legislative and oversight tasks, and is awaiting sending the current year's budget.   LINK

DCDriver:  Just a question. Doesn't it make more sense for the CBI to reinstate/revalue the currency before the budget is released? How do you calculate a budget with a new exchange rate and show it to the world if the new exchange rate is not shown first? IMO it doesn't seem like a good idea to show the budget before the CBI comes out with a rate.

GodLover:  Before the budget is released or Opened rather......sure I agree with that. Rate exposed prior to sending the budget to parliament, not so much. Certainly whatever the budget opens at, that will be what it is for the remainder of this year. God willing it is a new rate, but it is just speculation until proven otherwise.

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Samson:  Al-Kazemi announces bold decisions to protect citizens

11th April, 2022

Prime Minister Mustafa Al-Kazemi confirmed Monday, that the Food Security Law will provide for the conduct of the state's daily affairs, while announcing bold decisions to protect citizens.

He stressed, "We presented the draft food security law, and we must all cooperate as government and parliamentarians, and bear the responsibility for passing this law, in order to continue to cover the state's expenses." And he added, "We have a financial surplus, but we need a budget and its law.

The food security law will provide the daily management of the state's affairs, as well as electricity, services, health, education and food resources that the Iraqi citizen   LINK

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DeepWoodz:  A couple things I find interesting. 

We’ve all seen the same articles and yet depending on who is talking, the term “caretaker” is used as a political tool. We also know there is nothing in the constitution concerning this matter as well. Even if you play the semantic word games that Zidan went over when he discussed this issue, and assume there is a difference between a caretaker and a normal government, there are no guidelines or limitations stipulated in the constitution as to the difference of powers. 

In this article you have Kadhimi proposing the Food Security Law that MUST be passed to protect the citizens but somehow he can’t do the same thing for the 2022 Budget Law?
We know they’ve had the budget ready since last year and they could certainly have presented it in October when they were supposed to.

Makes absolutely no sense besides being a stall tactic. The only common denominator I see are the Iranian influence. They didn’t want to reveal it to the last parliament because of them. They don’t want to reveal it yet until they finish the process of creating a government without Maliki in particular and Iranian influence in general. There are many articles denouncing outside interference, corruption, and terrorism. All of which speak to Iran. 

Sadr has made it very loud and clear he will not allow Maliki to be a part of the government going forward. There is a path forward with the two largest blocks and a bloc from the Kurds. The Save the Homeland alliance is the winner and from the sounds of recent articles….Kadhimi will be the PM again. 

PS…I think this is why Frank said they need to seat the government. He also said Kadhimi will be the PM again.   IMO

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Samson:  Al-Kazemi’s spokesman: The arrest of a very important leader in ISIS

11th April, 2022

The spokesman for the Commander-in-Chief of the Iraqi Armed Forces announced on Monday the arrest of eight terrorists, including a "very important" leader of ISIS, during separate operations in separate areas of the country.

The spokesman for the Commander in Chief, Major General Yahya Rasoul, said in a statement received by Shafaq News Agency, that "the anti-terrorist apparatus carried out a duty in Anbar Governorate, which resulted in the arrest of three ISIS terrorists after reaching them according to accurate intelligence information."

Major General Rasoul added, "A special force carried out the duty to arrest two important ISIS elements in Kirkuk Governorate, and succeeded in arresting them in record time." He pointed out that "the Counter-Terrorism Service also brought two wanted ISIS terrorists, after coordinating with the General Directorate of Combating Terrorism in Erbil."

Major General Rasoul pointed out that "the Counter-Terrorism Service has arrested a very important leader in the ISIS gangs, which will be announced in due course."  LINK

Samson:  Abdul-Mahdi and Khazali discuss a series of files, including the Chinese agreement and the Silk Road

11th April, 2022

The Secretary-General of Asa'ib Ahl al-Haq Movement, Qais Khazali, discussed, on Monday, with former Prime Minister Adel Abdul-Mahdi, the political and economic situation in Iraq and ways to get out of the current political impasse.  

And the media office of Asa'ib said in a statement, "Nass" received a copy of it, (April 11, 2022), that "the Secretary-General of the Asa'ib Ahl al-Haq movement, Qais al-Khazali, visited during his Ramadan tours, Adel Abdul-Mahdi in his office in Baghdad."  

During the meeting, they discussed "the overall political and economic situation in Iraq and ways to get out of the current political impasse."   The statement indicated that "the focus during the meeting was on the need to address the economic crisis that the country is witnessing and to invest the financial liquidity that resulted from the rise in oil prices."  

The two parties stressed, "It is necessary for the next government, whatever it may be, to focus on reviving the economic situation in Iraq, and that the file of the Chinese agreement, especially the Silk Road, be a priority away from political strife, and that this demand be based on a national sovereign decision."  

At the end of the meeting, the two sides commended the "people's efforts being made to advance the Silk Road project and the Chinese agreement, and the continuous education to remove this great project and its great importance will contribute to advancing the Iraqi economy forward."   LINK

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Samson:  Industry : Iraq is the world's first in sulfur reserves

12th April, 2022

Today, Tuesday, the Ministry of Industry and Minerals confirmed that Iraq is the world's first in sulfur reserves, while noting that the sedimentary sulfur reserves in the Mishraq fields amount to more than 400 million tons

The media center of the Ministry of Industry and Minerals stated, in a statement to the Iraqi News Agency (INA), that "the General Company for Sulfur Al-Mishraq affiliated with the Ministry of Industry and Minerals is the only one specialized in extracting and purifying sulfur through the fields located in Nineveh Governorate," noting that "the sedimentary sulfur reserves in the fields of Al-Mishraq is the first in the world, with a limit of more than 400 million tons

He explained, "The sulfur industry started since 1971, and the sulfur produced in the General Company for Al-Mishraq Sulfur played a major role in supporting the national economy through what is exported to neighboring countries, as well as supporting the local fertilizer industry," noting that "after 2003 it stopped the production of sulfur in the company as a result of the events in that period, including the bombing and sabotage acts that affected the company’s facilities and led to the complete suspension of work there.

He added, "The company has started preparing a feasibility study for the rehabilitation of the refined sulfur production line, but the costs are exorbitant to implement the rehabilitation process and return production," noting that "the company worked on the early stages of rehabilitating the project through the allocations granted on the investment plan

He continued, "In 2010, the company, in accordance with the amounts of the allocations, set import priorities and purchased materials, machinery and equipment, as it was able to purchase specialized sulfur wells excavators, and a specialized sulfur filtration unit, as well as purchasing a steam boiler unit, water pumps and specialized pipes.

He pointed out, "It was hoped to complete the equipping and rehabilitation of all production lines and the trial operation of the project in 2015, but the entry of terrorist gangs into Nineveh Governorate in 2014 prevented this, as the company was exposed to the theft of most of the materials and equipment and the destruction of the company's infrastructure

He stressed, "The company started for the second time in 2017, preparing an economic and technical feasibility study and preparing an integrated investment file for the project to produce refined sulfur in its current reality, but the project stopped. He explained that "the Office of the Prime Minister directed in the year 2020 a letter that includes directing the Prime Minister to leave the decision regarding the investment of mineral resources to the next government," noting that "the company is awaiting the appropriate decision regarding it

The company submitted, “proposals for the purpose of resuming production and industry of sulfur, including providing the necessary allocations on the investment plan for the purpose of completing the installation and installation of previously purchased equipment, as well as preparing and rehabilitating the industrial areas of the refined sulfur production line, which cost about 179 billion dinars, in addition to obtaining approvals from the central government to present the project.” As an investment opportunity for investors   LINK

MilitiaMan "A Need For a Exchange Rate Change-Quickly" 4-11-2022

KTFA:

MilitiaMan:  The exchange rate devaluation has been discussed many times. They did it for a reason and say so. The action was / is to be short lived. We can see that there is a need for an exchange rate change and quickly.

The street is being harmed and they are going into protest mode again. The are looking at helping the poor, the devaluation has had a profound effect on them. They are talking about the food law and to improve the ration card. (Which by the way is more support our study has been spot on that work is an has been ongoing all along regardless of holiday.)

There is a parliament in place along with a legal caretaker government to do day to day business. That day to day business includes actions pertaining to budgets. The 2022 budget has been in the news to be sped up and presented in short order, imo.. 

Lets think about the part about the helping of the citizens. They were hurt the most and may benefit largely with a ReInstatement of the IQD. 

As for liquidity for the street. Didn't they spend $10s of millions of dollars in printing new currency in 2018? Yes, they did.  They were not three zero notes, imo. They were NSCNs and likely fils , as noted by the $54 million spent for currency issuance 08/31/2018 per the CBI.

WE also watched the video showing the were destroying 3 zero notes around that time frame. So, with that said, why destroy and then re issue 3 zero notes again. Well, since time has gone by, what is on the street may be worn, soiled, faded, etc... Okay, then do to delays that may need to be addressed in the short term of liquidity issues. Or could it be that they want to use what good currency left of the three zero notes they have on hand to help line the pockets of the poor?

They say they will monitor  the process closely.  Lets say they issue more three zero notes then, once completed, they RI to a previous era. The poor get a serious stimulus package for all the suffering they have had to endure.

The NSCN's (New Small Currency Notes) also under scrutiny, can follow along with the new digital system that we are aware of to be implemented at the borders.. ? We shall see..

imo I have a hard time beleiving that at this stage 3 zero notes are for longevity.. JMTC imo !!! ~ MM

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Head of the Supreme Judicial Council: The Iraqi constitution authorizes the "emergency government"

2022-04-09 07:51

Shafaq News/ The head of the Supreme Judicial Council, Faeq Zaidan, confirmed on Saturday that the Iraqi constitution permits the declaration of an "emergency government" despite the absence of an explicit text for that, noting that "the caretaker and emergency government" came within the context of the constitutional articles.

MilitiaMan:  To those that doubted the study? :...: lol ~ MM 

Clarification From The Central Bank Regarding The Exchange Of The Dollar And Money Laundering

3rd March, 2022

The Central Bank of Iraq issued a clarification on the dollar exchange rate and money laundering.

And the bank confirmed, in response to a previous parliamentary question, seen by "Earth News", that "the Iraqi judiciary has taken the necessary measures regarding some forged invoices, which date back to previous dates."

He added, "The exchange rate change came to remedy the gap between the real value of the national currency and its nominal value."

It is worth noting that the decision to change the exchange rate is a national strategic decision that is not linked to interim conditions, and that the negative results that may have resulted from it, can be avoided by financial and governmental action to support vulnerable groups and improve the ration card and not retract this important decision.  With respect.  LINK

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Parliamentary Investment: We will monitor the process of pumping currency into the market  LINK  

A legal expert reveals a surprise: The caretaker government can send the budget to Parliament   LINK

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Deepwoodz:  MM said… ”Lets say they issue more three zero notes then, once completed, they RI to a pervious era. The poor get a serious stimulus package for all the suffering they have had to endure.”

What a great thought! Do you really think they care about the citizens that much? To actually line their pockets just prior to changing the rate? Wow…I really hope that is the case. Kadhimi seems to care but…wow. That really would be nice. Thanks MM, I would never have thought of it like that. Kudos  

MilitiaMan:  They say it is for the poor. We may recall that Sadr wants the poor to be taken care of. I don't believe the money is for everyone, it is likely for the poorest which by the way are a large  segment of his voting base. Eid al Fitr is coming up soon and who knows the gesture may very well be timed accordingly. Most people have electronic payment abilities, the poor? Not likely so much. Lets see if the theory has legs to it.. ~ MM

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MilitiaMan:  I like the timing of this one Clare, thank you. International consultants and companies to help get it right with the oil file.. Imagine the timing of it now.. All good. imo ~ MM

Clare:  A Kurdish delegation meets in Baghdad over the oil file after the Federal Court's decision

04/11/2022 01:15   Baghdad

Today, Monday, the Ministry of Oil announced that it will receive the first delegation representing the Kurdistan Regional Government to discuss the oil file, after the decision of the Federal Court. 
A statement by the ministry, received by (Baghdad today): “The first meeting between the Federal Oil Ministry and a high-ranking delegation representing the Kurdistan Regional Government will be held in Baghdad today, Monday, to discuss the executive measures after the Federal Court’s decision.”

The statement added, “The meeting also comes to discuss agreement on new and standard mechanisms for managing the oil industry file in the region, in a manner that achieves the highest benefit and financial returns in the service of the public interest, contributing to strengthening and supporting the national economy and the integration of the national oil industry.”

And he continued, “The delegation of the regional government, which arrived in Baghdad, includes a number of officials in the government and the Ministry of Natural Resources, including three personalities with the rank of minister.”

It is noteworthy that the Ministry of Oil has formed specialized committees in this regard to prepare a road map to discuss and circulate all files related to the oil industry in the region.

Intensive specialized meetings and workshops were held with local and international experts, and the National Oil Company assigned specialized consultants to review all contracts concluded between the regional government and international companies.   LINK  

Some "Monday News" Posted by Samson at KTFA 4-11-2022

KTFA:

Samson:  Al-Kazemi’s advisor decides the fate of “Iraqi politicians’ money” deposited in Lebanese banks

11th April, 2022

Mazhar Muhammad Salih, the financial advisor to the Prime Minister, said that politicians who have deposits in Lebanese banks should "wipe their hands against the wall," as he put it.  

In response to "the fate of the Iraqi politicians' money deposited in Lebanese banks after the latter declared the state's bankruptcy," Saleh said: "The money deposited by some politicians in Lebanese banks will not return to their depositors (let them wipe their hands against the wall)," adding that "the money is in Lebanese banks." She is gone and there is no hope of her coming back."  

He continued, "They will not receive 10 fils from the Lebanese."   LINK

Samson:  National Security arrests an official in the tax department in Babylon red-handed

11th April, 2022

Today, Monday, the National Security Agency in Babil managed to arrest an official in the Tax Department in Babil red-handed

And the agency said in a statement received by the Iraqi News Agency (INA), that "the detachments of the National Security Agency in Babylon were able, with a tight ambush, to arrest the director of the Al-Arasat and Real Estate Department in the Tax Department red-handed

He added, "The arrest of the accused took place while he received a bribe of $40,000  LINK

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Samson:  A Security Expert warns of the consequences of delaying the formation of the Government .. "Isis is sending a message"

11th April, 2022

Security expert Jalil Khalaf confirmed, today, Monday, that the effect of delaying the formation of the government, and not gathering political parties at one table, opens the way for ISIS to threaten the security of cities.

The expert said, in a statement to the National News Center, that "ISIS is taking advantage of the political blockage in an attempt to send a message that it is still present, so we see small groups of it carrying out operations in Diyala, Anbar and Kirkuk, as happened during the past few days."

He also indicated that the failure to form a strong government capable of addressing the security situation would allow ISIS to attack the military headquarters and exploit the circumstances to serve its interests, expressing his belief that there is a possibility that ISIS will plan for something greater if this political blockage continues.

The Popular Mobilization announced last Saturday that "a fighter in the 56th Brigade of the Popular Mobilization fell victim and two others were wounded in an ISIS attack, which left the village of Dakshman in the Al-Rashad district, southwest of Kirkuk."  LINK

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Samson:  Integrity seizes cases of fraud and embezzlement in Diwaniyah

11th April, 2022

On Monday, the Federal Integrity Commission announced that it had carried out three seizures in the Real Estate Registration Directorate, the Oil Products Distribution Company, and the Prisoners Institution in Diwaniyah Governorate.

The Investigation Department of the Federal Integrity Commission indicated, in a statement received by Mawazine News, a copy of it, that the team of the Investigation and Judicial Control Division in the Commission's Investigation Office in Diwaniyah was able to detect a case of fraud in the treatment of real estate in the province's real estate registration directorate, with a value of (4,000,000,000). Billions of dinars, indicating that some employees of the Directorate tampered with the fee for the sale of the property.

In a second operation, the directorate pointed out that the team arrested two employees of the oil products distribution company red-handed, explaining that the two suspects embezzled (36,000) thousand liters of gas oil product during the process of transporting it from the Diwaniyah Depot in Karbala to the Karbala power station. Which caused a waste of public money amounting to (27,000,000) million dinars.

The statement continued, that the team, in a third seizure, moved to the Rafidain Bank and the Prisoners Institution in Diwaniyah, and after investigation and scrutiny, it was able to seize a check that was disbursed to an employee of the Prisoners Institution, in contravention of the controls and instructions.

Three minutes of seizure of the executed operations were organized based on judicial notes, and they, along with the accused arrested in the second operation, were presented to the Diwaniyah Investigation Court judge who is specialized in integrity issues. Who decided to arrest them in accordance with the provisions of Article (315) of the Penal Code.   LINK

Samson:  Iraq hosts the "Conference of Civilizations" with the participation of 9 countries

11th April, 2022

The Iraqi capital, Baghdad, is scheduled to host the fifth session of the Conference of Civilizations, with the participation of 9 countries.

A Foreign Ministry statement received by Shafaq News stated, "Foreign Minister Fouad Hussein received the Minister of Culture, Hassan Nazim, at the ministry building. During the meeting, they discussed the convening of the Conference of Civilizations on Iraqi soil for the year 2022 in its fifth session, as Iraq will chair the conference for this year, with the participation of each of the Iran, Greece, China, Egypt, Italy, India, Mexico, Peru and Bolivia.

The meeting also dealt, according to the statement, with discussions on the mechanisms of holding the conference and the formation of sub-committees to develop a plan of action, set a timetable, and announce the time of the conference, to be held this year.

The two ministers stressed the need to take advantage of this important global event to shed light on the civilization of Iraq and show the bright dimensions and highlight its position, taking advantage of the presence of many high-ranking personalities, and official invitations will also be sent to international organizations concerned with antiquities and civilization.  LINK

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Samson:  Newspaper: Using The Dollar As A Weapon Could Destabilize The Currency And Split The International Financial System

11th April, 2022

The Financial Times indicated that using the dollar as a weapon could destabilize the US currency and split the international financial system.

The newspaper pointed out that the sanctions that froze Russia's foreign exchange reserves created an incentive for many countries to bypass the dollar.

By openly and in this way turning the dollar into a weapon, the United States and its allies risk provoking a retaliatory strike that could destabilize the American currency and divide the international financial system into competing blocs, potentially exacerbating the situation for all parties.

She noted that there is no global coalition condemning the Russian special operation in Ukraine, and that there is only a Western bloc.

And she considered that this may have important repercussions on the future of global trade, as it is known that the sanctions against Moscow were not supported by China, Brazil, South Africa and Mexico.

The newspaper concluded: “The death of the dollar has been predicted countless times in the past, but the US currency has continued to maintain its positions. But if there is a stable dollar decline in the coming years, sanctions against the Russian Central Bank may not be a brave and new way to pressure the opponent, but rather the moment when the dollar’s ​​dominance begins to decline.”  LINK

Thoughts From Frank26 Sunday PM 4-10-2022

KTFA:

Clare: FROM FRANK:  FAMILY THE ARTICLES ABOUT AN ESTABLISHED GOVERNMENT………. DO YOU THINK THIS IS FOR THE IRAQI CITIZENS?.......... THEY KNOW THIS……..FRANK26

The Supreme Judiciary: There is no constitutional provision related to the term caretaker government

9th April, 2022

The Supreme Judicial Council confirmed today, Saturday, the absence of a constitutional text regarding the caretaker government.

The head of the Supreme Judicial Council, Faiq Zaidan, said, according to the official agency, that "there is no constitutional text related to the term caretaker government, just as there is no explicit text of the term emergency government."

The discussion is taking place during the current period and after the end of the period specified for forming the new government, by going to the caretaker government or an emergency government. 

LINK

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Clare:  FROM FRANK:  FAMILY THEY NEED SOME LIQUIDITY UNTIL THEY RELEASE THE NEW CURRENCY AND THE NEW EXCHANGE RATE…… IT IS THE DELAYS THAT CAUSED THIS. THIS IS NOT THE NSCN’S (New Small Currency Notes)  THEY ARE TALKING ABOUT…. FRANK26 

Parliamentary Investment: We will monitor the process of pumping currency into the market

05:53 - 09/04/2022

A member of the Parliamentary Economy and Investment Committee, Muhammad Al-Ziyadi, confirmed that the parliamentary committees will anticipate the Ministry of Finance's action to pump the currency into the market.

Al-Ziyadi said in an interview with "Mawazine News" that "during our question to the Minister of Finance, we tried hard to find a solution to the issue of the delay in approving the budget, but the Finance's response to the Food Security Law contained many problems."

He added, "The government must cover the street with a certain liquidity, regardless of the arguments, and there will be strong oversight from the House of Representatives in this regard."  LINK