Walkingstick, MilitiaMan and KTFA Members "News and Views" 5-10-2022

KTFA:

DeepWoodz:  Imo   Its gonna be hilarious when it comes out that the Emergency Food security law when translated properly is found out to be the New Exchange Rate law.   JK..lol

MilitiaMan:  Good Evening to you Walking Stick, times are surely good when we have your presence.. Many things are in play at present and I presume we are on the same page.

Walkingstick:  Good evening... MM...Yes, we are.. definitely on the same page... I believe Frank shared what I had last heard... I have assistance in my typing so i have to keep comnents short... BTW, I have been made aware of your comments/ opinions ... you have been, spot on... well done

MilitiaMan:  Thank you Sir, I have a lot of help from very good people like yourself.. What we are witnessing is truly history in the making.. ~ MM

MilitiaMan:    Care to share a brief bit for us? OORah!!   I have heard the GOI is already set and that we get data a bit slow, therefore, we are within a great window now would we not.. ? ~ MM

MilitiaMan:  Do you believe the HCL is sorted,  do you see that the Food Law and 2022 budget being on track to be done as well in the short term or is it too also sorted?  ~ ~MM

Walkingstick:  Yes, but... it is, in no way.. a delay...The only delay, the GOI...  Agreement, on the exchange rate regarding the reading in the budget, done deal... The HCL, payments and who/whom control/s the NOC partnership have/had already been agreed upon...

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Clare:  Parliamentary Finance meets to put the “final touches” to amend the Food Security Law

10/05/2022

The Parliamentary Finance Committee held, on Tuesday, a meeting to put the final touches to amend the Emergency Support Law for Food Security and Development.

The Media Department of the House of Representatives said in a statement received by Mawazine News that "the Finance Committee held a meeting headed by the Chairman of the Committee, Hassan Al-Kaabi."

She added that "the meeting aims to make the final touches to amend the law on emergency support for food security and development."   LINK

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DeepWoodz:  Imo    What is the Emergency Support Law for Food Security?

 “Iraq grapples with rising food costs as a result of Ukraine war”

“Ripple effects from the Russian invasion of Ukraine are driving the Iraqi government to allot additional funds to ensure the food supply is stable”

“As a result, wheat production is expected to be 3.25 million metric tons, much less than previous seasons, which will drive up imports.”

“The Iraqi Cabinet has suspended the requirement for import licenses for foodstuffs, consumables, and medicines until June 8, 2022.”

 "Secondly, it was decided to hold council sessions this week on Wednesday and Thursday, May 11-12, and the agenda will include the first reading of the law criminalizing normalization with Zionist entity, and the vote on the emergency support law for food security and development, as well as the completion of the formation of parliamentary committees,".

I wonder what LAW they could enact to ensure the citizens ability to acquire food? Reduce the prices of imports across the board? I can think of one

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Clare:  Al-Halbousi chairs the Finance Committee meeting on the emergency support law

10/05/2022

Speaker of Parliament, Muhammad Al-Halbousi, chaired, on Tuesday, the meeting of the Finance Committee on the Emergency Support Law for Food Security and Development.

In a statement received by Mawazine News, the office of the Speaker of the House of Representatives stated that "House Speaker Muhammad Al-Halbousi chaired the meeting of the Finance Committee on the Emergency Support Law for Food Security and Development."   LINK

DeepWoodz:  Imo I like the addition of “Development”. I also like a day ahead of schedule.   Again, I wonder what will help a nation that imports almost everything?

Clare:  The Ministry of Oil clarifies about the statements of its minister regarding negotiations with the Kurdistan region 

05/10/2022   Abdul Mahdi Al-Amidi

Commenting on what was stated by the Minister of Oil, Ihsan Abdul-Jabbar Ismail, regarding negotiations with the Kurdistan Region - Iraq, in implementation of Federal Court Decision No. This decision and its implementation, it can be said that there are a set of practical and procedural steps that help the Ministry and the company to do so, and the most important of these procedures are the following:
 
 1. The Ministry of Oil, through the Oil Marketing Company (SOMO), notifies and informs all international oil companies that purchase crude oil not to deal with the Ministry of Natural Resources in the regional government, and with foreign contracting companies (under production sharing contracts) and not to purchase crude oil produced from The fields of the Kurdistan region - Iraq. Otherwise, SOMO will file lawsuits against the companies that buy this oil, given that the ownership of the oil belongs to the Republic of Iraq.
 
 2. The Ministry of Oil, through SOMO, informs the oil-purchasing companies that they must pay the amounts resulting from the differences in crude oil prices for the quantities of oil they have purchased or purchased from the Ministry of Natural Resources, based on the official prices announced by SOMO on the dates of sale and purchase.
 
 3. Coordination between the Ministry of Oil and the Ministry of Foreign Affairs to prepare a message that the Ministry of Foreign Affairs will send to all countries of the world through Iraqi embassies abroad, in which it is clarified that the ownership of petroleum wealth (oil and gas) is for the Iraqi people, and that the development of this wealth and its revenues belong to all the Iraqi people, and it is illegal Dealing with the Ministry of Natural Resources in the region independently, as well as not allowing the establishment of any kind of activities related to oil and gas by representatives of the region in these countries.
 
 4. The Ministry of Oil informs all the oil companies contracting with the Ministry of Natural Resources in the region (production-sharing contracts) that their contracts are invalid based on the decision of the Federal Court, and that they must reconsider their situation, otherwise they will bear the legal consequences of continuing to implement those contracts.
 
 5. The Ministry of Oil informs the Turkish government of not allowing and facilitating the export of crude oil produced from the region's fields. Otherwise, the Turkish government bears the legal and financial consequences of that.
 
 6. Coordination between the Ministry of Oil, the Ministry of Finance and the Central Bank of Iraq to notify the banks in which the proceeds of the sale of crude oil produced from the region’s fields were deposited with the seizure and freezing of those financial returns as they belong to the Republic of Iraq and based on the decision of the Federal Court.
 
 7. The Ministry of Oil informs the companies working on laying oil and gas pipelines from the region to outside Iraq, or the companies operating the pipeline system, to stop their work and activities and that what they are doing is against the law.
 
 8. Coordination between the Ministry of Oil and the Ministry of Finance - under the direction of the Council of Ministers - to stop paying any amounts to the regional government for its monthly dues, and not to include any financial dues to the region in the general federal budget for the year 2022.
 
 9. The Ministry of Oil continues to approach the regional government in writing to maintain negotiations and discussions With the Ministry of Natural Resources and not to stop that on its part, provided that the negotiating delegation from the region is at the appropriate level, not that this delegation is at a lower level on the part of the Ministry of Oil, or that it is intended to waste time.
 
 10. Coordination between the Ministry of Oil and the Federal Office of Financial Supervision to review records and documents related to the quantities of crude oil and natural gas produced from the region's fields, oil derivatives and financial returns arising from the sale of crude oil and gas.  LINK

All these measures require a sincere will, courage and courage based on achieving the public interest and the benefit of all the Iraqi people of all stripes, components and nationalities, and not condoning the interest of the country and the people for useless individual, factional and political considerations and interests.  LINK

Clare:  THIS IS EXACTLY WHAT WS LET US KNOW  LAST NIGHT.... IMO

NOC =NATIONAL OIL COMPANY

SOMO = State Organization for Marketing of Oil

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Clare:  Cabinet meeting decisions today

Economy News - Baghdad

Today, Tuesday, the Council of Ministers issued new decisions during its regular session, which was held under the chairmanship of Prime Minister Mustafa Al-Kazemi.

The Media Office of the Prime Minister stated in a statement, "Prime Minister Mustafa Al-Kazemi chaired, today, the seventeenth regular session of the Council of Ministers."

He added, "The session witnessed a discussion of the overall general situation in the country, a discussion of economic and service files, and a review of the procedures for implementing the ministries and the competent authorities of the recommendations and government decisions taken, in a manner that achieves the desired goals."

He continued, "The council began its session to discuss the issue of desertification and the impact of climate changes on Iraq, as it hosted the Council of Ministers in charge of managing the Ministry of Environment and the advanced cadre in the Ministries of Environment and Agriculture; Desert areas".

 He stated that "the Council of Ministers reviewed a special report on hemorrhagic fever disease, reviewed by the technical agent of the Ministry of Agriculture, which included the total injuries that were recorded in some governorates, and the measures taken by the ministry," explaining that "the Council directed the need to redouble efforts to control the disease and prevent its spread; It requires intensification of awareness campaigns."

He stressed that "the council recommended providing the necessary support to the Ministry of Agriculture to confront the disease, providing spraying and dipping pesticides to combat ticks, providing the necessary medicines to combat the disease, as well as logistical support for the extension campaigns carried out by the Ministry of Agriculture."

The office stated that "the Cabinet decided the following:

Excluding the Ministry of Agriculture from the instructions for implementing government contracts (contracting methods in Article 3 of them), in a way that enables it to take the necessary measures to control hemorrhagic fever disease, and to disburse the amounts available to it, with the exception of the circular of the Ministry of Finance, and does not exceed what is available to it, amounting to (1459972750) dinars , only one billion four hundred and fifty-nine million nine hundred and seventy-two thousand seven hundred and fifty dinars, according to what is proven in the Ministry of Agriculture’s letter (12622) on May 10, 2022.

And the office indicated that "the session witnessed the review of the epidemiological report, the measures taken to confront the Corona pandemic, the developments of the work of the committee to strengthen government measures in the areas of prevention and health awareness control to limit the spread of the virus, and the efforts of the Ministry of Health in providing medical supplies and securing vaccines."

The Council stated that "the Council of Ministers discussed the topics on the agenda, and decided the following:

First/ Amending Paragraph (1) of Cabinet Resolution (379) for the year 2021 according to the following:

- The Ministry of Finance financed an amount of (3,000,000) dinars, only three billion dinars, to the Ministry of Agriculture to implement the sand dune stabilization project, in implementation of paragraphs (1 and 2) mentioned in the letter of the Federal Financial Supervision Bureau No. (1/1/15/2443) dated On February 3, 2021 attached to the Council of Ministers Resolution (15 of 2022).

- The Ministry of Finance assigns one billion dinars to the Ministry of Agriculture / Department of Forestry and Desertification for the purpose of paying the dues of its contractors, according to the decision of the Council of Ministers (15 of 2022). LINK

Monday Night KTFA CC " Form the GoI for the Monetary Reform" 5-9-2022

KTFA

Monday Night KTFA CC

5-9-22…….FORM THE GOI FOR THE MONETARY REFORM

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

Frank26:  MY COLORS ARE OF THE OCEAN ...........BLUE WATER AND GOLDEN SUNSET.........FRANK26

https://www.youtube.com/watch?v=QeUTlv2ekVE

MilitiaMan and KTFA Members "News and Views" 5-9-2022

KTFA:

MilitiaMan:  The timing of this is looking very good ( See article below)  and lets see how long they take to hammer it out.

I suspect it won't be too long now, as the pressure is imo very strong from many fronts globally to get Article 140 done, get them the synonymous emergency food law and 2022 budget law done..

I have a feeling from the street that they better hurry and also with no significant support for the coordination framework one of their members may need to find a fast plane.. lol ~ MM

Clare: A statement by the Kurdistan Democratic Party regarding the formation of the Iraqi government

2022-05-08

The Kurdistan Democratic Party, led by Masoud Barzani, revealed today, Sunday, moves to hold a number of meetings with Iraqi political parties in order to break the state of political closure controlling the Iraqi scene after the announcement of the results of the parliamentary elections and the formation of the "Save the Nation" coalition, stressing that it It seeks to preserve all the constitutional rights of the Kurdistan Region.

A party statement received by Shafaq News stated that it held a meeting of its leadership council headed by Massoud Barzani, in which he took a number of decisions and positions on internal Kurdish and Iraqi issues.

The statement explained that the meeting dealt with a number of axes, including the dialogues after the holding of the Iraqi parliament elections and the process of forming the (Save the Homeland) coalition consisting of the three parties of the Shiites, Kurds and Sunnis (the Sadrist movement, the Kurdistan Democratic Party and the Sovereignty Alliance).

The statement added that the problems and obstacles facing the process of forming the new Iraqi government and efforts to overcome them and break the political closure were discussed, which is scheduled to be embodied by holding a series of meetings and meetings with the concerned parties during the coming days.

He stressed "the full defense of all constitutional rights of the region, the implementation of Article 140, the formation of constitutional institutions, including the Federal Council, the restructuring of the Federal Court in accordance with the constitution, and the adoption of the oil and gas law."

The statement added that the second axis of the meeting dealt with the internal conditions of Kurdistan, during which the spotlight was shed on the efforts and steps taken by the party with the Kurdish political parties to meet and visit all parties, including the parties that did not win any seat in the Iraqi parliament and have the right to participate in the political decision of the Kurdistan Region with Federal government.

 The statement reiterated that it is desirable to intensify efforts and endeavors to normalize the situation, understand and solve problems on the basis of preserving the higher national and national interests in order for those interests to be above partisan interests, calling on all parties to seek rapprochement and joint action.
 
He pointed out that the third axis was devoted to the situation of the region in general, and emphasis was placed on maintaining the relations of the Kurdistan Region with neighboring countries on the basis of protecting common interests and taking into account the security and stability of Kurdistan and those countries, stressing that the Kurdish political parties in other parts of Kurdistan should not be a reason to create political problems And the economy of the Kurdistan Region and must take into account this situation.

He added that the fourth axis dealt with the issue of the Kurdistan Parliament elections. Emphasis was placed on the conduct of the electoral process on time, stressing that the Parliament of Kurdistan would do its duty in this regard and that the Electoral Commission be activated, calling at the same time all political parties to bring their views and visions closer in a manner that ensures their agreement not to disrupt Parliament.

In the fifth axis of the meeting, the party's statement indicated that its leadership council expressed its support for the Kurdistan Regional Government and the reform process it is adopting.

 As for the sixth and final axis of the meeting, he confirmed, according to the statement, that a dialogue was held on the internal situation of the Kurdistan Democratic Party, and after evaluating and analyzing the situation, it was decided to fill the blanks of the leadership council after the death of three of its members, by replacing them with three reserve members and holding the party’s fourth conference in the fall of the year For this purpose, the political bureau of the party was given full powers to form a preparatory committee and other committees in accordance with the party’s bylaws    LINK  

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Clare:  New meeting of the coordination framework this evening

Monday 09 May 2022 

 The Coordination Framework Forces will hold an important meeting this evening, Monday, to discuss the developments of the political blockage crisis, and to evaluate the positions of the political forces and independent representatives on the initiative that was the framework that was recently announced. LINK

MilitiaMan:   I suspect the small part of the convulsive party might be the one who Sadr doesn't want hanging around the government any longer. They isolate him and Sadr has his way, then things will move quickly. Lets see what they do this evening. It looks like things are heating up this week.  ~ MM

Clare:  He is expected to pass it during the next session.. Al-Halbousi's alliance reveals a "single" point of contention in the Food Security Law

 2022-05-09

 The "Progress" bloc led by Parliament Speaker Muhammad al-Halbousi expected, on Monday, the passage of the Food Security Law in the next session of Parliament due to parliamentary support for its legislation, and while it pointed to solving the obstacles to its approval, with the exception of the issue of loans, it confirmed that it represents an alternative to approving the budget to address "" emergency situation in the country.

 Representative Faisal Al-Issawi said in an interview with Shafaq News Agency, "The parliament session scheduled to be held next Wednesday may witness a vote on the emergency food security law, which is synonymous with the general budget law as it has the support of the majority of parliament members."

 The representative of the Progress Alliance explained that "the law has been amended in accordance with the observations and proposals of members of the House of Representatives, especially those concerned or specialists in this aspect and in proportion to the stage the country is going through."

Al-Issawi added that "the reasons for approving the law are the rise in food prices, and on the other hand, we have a surplus of oil imports as a result of high prices, and there is no budget in the country for this year so far, because the current government is a caretaker, so we had to find a solution to the existing problem, which is the situation The Food Security Law, to address the emergency situation and the difficult situation of the country.

 The representative of the Al-Halbousi Alliance explained that "the issue of loans in the food security law is one of the controversial points" and the parliamentary trend goes towards canceling debts in the budgets, pointing out that "the food security law will be temporary, not for all years, but during this stage, because The country is going through a difficult situation."

 On April 17, 2022, Prime Minister Mustafa Al-Kadhimi and the First Deputy Speaker of Parliament, Hakim Al-Zamili, agreed on the necessity of passing the Food Security Law by the Iraqi Parliament to meet the economic challenges that afflict the world.

 Al-Kazemi had called, last April, for the political forces to vote on the food security law without emptying it of its content in order to serve citizens, as it is a "very important" law, indicating that "the goal of the law is to provide the necessary protection for the Iraqi people."

 On (3/28/2022), the House of Representatives completed its reading of the report and discussion of the draft law on emergency support for food security and development.  LINK

MilitiaMan:  This should make people sleep a little better now.. lol The emergency food security law is synonymous with the general budget law. It shows that our study has been confirmed to be accurate with respect to relationship with the Food Law and to the 2022 budget. 

Having the HCL Article 140 being talked about today and the citizens entitlements we should all be very happy that the citizens are about to get what they deserve.

With having purchasing power ( Protection ) the citizens will have consistent payments and they'll be able to afford many things and food is one of them... imo

HCL is all about money from oil and other assets. That will require an international calculation for the new exchange rate. That imo is why it is an important law.. imo ~ MM

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DallasDude:  So just that some of us understand MM..the food security law which is temporary might get voted on separately from the budget Wednesday..but in the big picture it's a non issue..am I correct on this in your opinion  

MilitiaMan:  That is what the tell us, Wednesday both maybe on the table. As for being temporary, there will or likely will be timelines set for currency exchange. I am not sure if that is part of it or not, however, we have been told over the years there will be. We shall see. ~ MM

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Clare:  The head of the Sadrist bloc renews its adherence to a national majority government

2022-05-09 Baghdad

Today, Monday, the head of the Sadrist bloc, Hassan Al-Adhari, reiterated adherence to the government of the national majority .

Al-Adari said in a statement received by the Iraqi News Agency (INA), "After we proved to everyone that we are not clinging to power and we have given the independents a golden opportunity to form the government and prime minister, the response came from some of them with rejection, but we are proceeding with reform," noting that "our political struggle is a struggle for Reform is not for the sake of sharing the spoils of power."

He added, "One of the most important signs of reform is our never-ending demand to form a national majority government away from power-sharing and consensus that harmed the country and people." LINK

MilitiaMan:  There we have it they are not backing down or deviating from the consensus that harms the citizens. This may support the idea that Maliki has a problem. We shall see just how big it is, in short order. ~ MM

MilitiaMan Saturday PM "Big Meetings Today and Tomorrow" 5-7-2022

KTFA:

Clare:  Tomorrow they will meet.. Independents: It is difficult to form a parliamentary bloc of 40 deputies

2022-05-07

A group of independent deputies will hold a special parliamentary meeting tomorrow, Sunday, to discuss the initiatives put forward by the two sides of the Shiite conflict, the coordination framework and the Sadrist bloc, to determine their compass, which in turn will determine their subsequent steps, accompanied by some demands that will achieve the desired change in the overall political process .

 Independent MP Adnan Al-Jabri told Shafak News Agency, "Most of the independent representatives will hold a meeting tomorrow to deliberate among themselves on the last two initiatives that were put forward by the Coordination Framework Forces and Muqtada al-Sadr."

 He pointed out that "most of the independent representatives tend to go towards the opposition, while others believe that confronting the political scene and forming an independent national government that meets the aspirations of the street, but according to demands that may not appeal to the owners of the initiative."

 He added, "We seek a comprehensive reform of all presidencies, including the parliament, along with the withdrawal of presidential candidates, and otherwise any reform will be partial, we will not go with it," expressing his hope that "tomorrow's meeting will discuss all the details and proposals for solutions to get out of the political closure."

 Al-Jabri added, "The independents must take responsibility by coming up with a working paper or an initiative that is presented to all political forces and blocs, which we hope will resolve the political crisis," adding that "the upcoming meeting will inevitably come out with a set of recommendations that will be announced later."

 He stressed that "it is not easy to gather the independents and unify their visions in their approach, given that each of them has his own opinion or position, noting that some deputies have previously defined their positions as having attended the election sessions for the President of the Republic with an incomplete quorum, and their total does not exceed 25 deputies, nine from the extension movement , and like them from the new generation, four independents, and two from the Tasmeem movement.”

 He continued, "In the sense that the other independents, who number more than 17 deputies, are the ones who support comprehensive change and correcting the course of the political process as a whole, not just the cabinet. They are also looking and wanting to limit the scope of the powers of the Prime Minister, who will be tasked with forming the government and choosing his ministry according to specific criteria."

 Al-Jabri pointed out that "the demands to correct the course of the comprehensive political process are supported by some of the deputies of the Independent Iraq Alliance and the radiance of Kanon, as well as some independents and others."

 He pointed out that "realizing the demand of the leader of the Sadrist movement, Muqtada al-Sadr, according to his recent initiative to form a parliamentary bloc of independents of no less than 40 deputies, is difficult and difficult."

 The independent MP, Hassan Al-Khafaji, revealed to Shafak News Agency earlier about a meeting that the independent representatives will hold to discuss the initiatives of the coordination framework and the Sadrist movement and to come up with a solution to end the political blockage.

 He added, "The parliamentary meeting will discuss the paragraphs of the proposed initiatives, using the experiences of some advisors, and we will inevitably come up with outputs that may contribute to determining our next destination, whether to go with the initiative of the leader of the Sadrist movement or with the coordination framework initiative."

 Al-Khafaji pointed out that "after analyzing the two initiatives, including the common points or commonalities between the two initiatives."

 The leader of the Sadrist movement, Muqtada al-Sadr, had put forward earlier today an initiative calling on independent parliamentarians to form an independent bloc to form the government away from the coordination framework.

 It is noteworthy that the coordination framework put forward last week an initiative that included some requirements for entering into new alliances to form a government.  LINK  

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Saleh and Al-Kazemi confirm support for dialogue in resolving outstanding issues and launching

 05/07/2022

 The President of the Republic, Barham Salih, and the Council of Ministers, Mustafa Al-Kazemi, stressed today, Saturday, the importance of supporting dialogue in resolving outstanding issues and moving towards meeting the national entitlements that await the country.

 According to the presidential statement, {Euphrates News} received a copy of it, that: "This came during the President of the Republic's reception of the Prime Minister in the presidency in Baghdad."

He added, "During the meeting, the general situation in the country was discussed, where the importance of consolidating security and stability, chasing down terrorist remnants and blocking its attempts to target the security of citizens was emphasized, in addition to the need to provide all support to the security forces in carrying out their important tasks in this regard."

And on the political situation in the country, the statement explained that "the two sides stressed the importance of solidarity, consolidating the national ranks and strengthening the home front in facing the various challenges facing the country."

The statement indicated, "Saleh and Al-Kazemi affirmed their support for dialogue in resolving outstanding issues and moving towards meeting the national entitlements that await the country, focusing on the needs of citizens, improving living and service conditions, and the need to secure Iraq's security, stability and sovereignty." LINK

MilitiaMan:  These articles are actually.  It is the President, Prime Minister and Council of Ministers and they are talking about the future today.

We were told there would be meetings today and apparently they have happened.

The timing is all coming together and may even have been done to a degree that suggests we could see more out of the CBI sooner than thought.

 But first lets talk about what has transpired with Sadr. He gave a 40 day period out to the Coordination Framework to form a government and they are said to have failed. Also, this week we have seen that Sadr gave the independents up to 15 days to form a government with the Sadr's block.

An article suggests that the Independents could actually get on board within days and walaa here we are seeing them meeting tomorrow.. So, here we may have been an Independent group that gives Sadr 23rds of the seats to come on board. 

In the recent past there was approximately 220 seats under Sadr that didn't get him the 2/3rds majority. But, if the independents come on board adding 35+-  seats may give Sadr what he needs to form the government. 

I find it interesting that the President, Prime Minister and Kahdimi today are so called caretaker government, yet acting like they are not a caretaker or at least they know from the Federal Court, they have the powers to see that the entitlements for the citizens get sorted while the group is still in office and likely to be in the future.

They'll not be considered a caretaker government anymore, imo based off the court decision and by their present actions.

 The timing of an article out from a Maliki today states, *"A member of the Coalition, Muhammad Al-Sayhoud, told Shafaq News Agency, "Political parties are working to suspend the monitoring role of the House of Representatives to pass many contracts and projects in the caretaker government for their interests." and "Now we have a caretaker government and should not work as a government with full powers."

He added.* This is looking to be the Maliki is trying to sway public opinion in his favor and it is likely to late to be effective. 

Again a key to be remembered, is the Federal Court has already told us the caretaker government can do the needs of the people and that is their entitlements.

Thereby, Malki is merely spouting off and the outcome is not in his favor at all. The consequences he faces are loss of immunity. That is not good based off his past. 

So by this meeting today with the President, Prime Minister and Council of Ministers, suggests that they have security, stability, coordination, continuity and entitlements for the citizens in mind.

That would require a rate which would likely be in the 2022 budget plan.

Possibly  to be voted on in short order as voted on as well. We shall see soon enough.

We know Sadr has summoned the Finance Minister and the Central Bank Governor to meet on 05/12/2022. That meeting appears to be possibly an after the fact meeting. With possibly having a newly disclosed budget timed accordingly, the allocations of that would warrant decisions to be made that Sadr would need to know about by then, as they would affect everyone in the country.

Their entitlements, i.e., HCL would be front and center to those decisions among many others, imo. 

Lets see how this plays out, but, with the President, Prime Minister and Council of Ministers having this meeting it is very promising for us and even in the very, very short term.

Add in the Independents tomorrow? Hence, why Maliki is freaking out. lol imo ~ MM

https://shafaq.com/en/Iraq-News/Political-parties-suspend-the-monitoring-role-of-the-Parliament-for-their-benefit-State-of-Law

MilitiaMan and KTFA Members "We Have Never Been Closer" 5-7-2022

KTFA:

GodLover:  Honestly, I am beginning to wonder if this can ever be resolved without another election. Anyway, I can't see it being resolved anytime soon. One or more articles spoke of the end of June to resolve the current political impasse I believe & I certainly would not be surprised. 

MilitiaMan:  I have not seen one or more articles to suggest that, in respect to June.. If there is one or more, I would sure like to see the link(s)..  Even if it is out to June  based off news, it is not far off. But, what looks more promising is the below from Sadr.. ~ MM

Earlier, independent MP Hassan Al-Khafaji revealed to Shafak News Agency that a meeting will be held by the independent representatives next week to discuss the initiatives of the coordination framework and the Sadrist movement and to come up with a solution to end the political blockage." LINK

"It is possible to imagine that al-Sadr, who certainly has intentions to maneuver less than its counterpart in the Iraqi political situation during the past two decades, and perhaps also millions of Iraqis eager for the faltering moment of consensus until now, will pass the "Ramadan period" that extends for forty days, between the first day of Ramadan and the ninth from the month of Shawwal (May according to the Gregorian calendar), they are as if they are watching an exceptional Ramadan series in its events, heroes and surprises, and the outcome of its end is unknown." LINK

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AshleyD:   IMO, IRAQI articles are the most part are disinformation, misleading, an misinterpreted. I believe history has shown this in our dinar trip. Where the date June came from as well as another so called Gurus saying ---------are just opinions to satisfy the longing of a desired event.
We should all be of the mindset of go about your life's mission it will happen when it happens.

MilitiaMan:  I am going about my life's mission, thank you. I have a full time job and business to run while trying to study along the way and help where I can and to the best of my ability.

Not all articles are misleading and false, many are yes we can agree. No different than Yahoo news, Reuters, CNBC, CNN, FOX, etc., etc... Iraq has her share be sure. I have looked for articles here in our forum and have not seen articles that suggests that time frame of June, hence why I asked for links (implied based off rules) from our forum.

The news hounds have experience in vetting many of the sites that are likely to be suspect for fake news, thus, we are likely to get less of the suspect ones in our forum.

As for when it will happen is always a question in many peoples minds. There is nothing wrong with following along and making opinions from the data we gather and glean.

The whole process is unique imo and it is not only about Iraq. It is about Iraq, regional and international arenas. We can see that by the likes of the WB, the IMF, the AMF, the G7, G20+, WTO, AYSCUDA, BUNA, CRS2, ISO20022 digital platforms and or systems, etc.. Interlinking all those entities while trying to sort a convoluted process of seating the government to have credibility is directly in the forefront today. 

They'll all need that to have the confidence needed for investors to have security and stability.

The process of seating the government and gearing for the 2022 budget is slated for from now through this next week from the looks of it.

So, I will not quite my day job, nor will I quite following along this study we have. before us.  Sure it will happen when it happens. But, with what we have witnessed over the past couple years, months and even days, we have never been closer based off hindsite and all the data in the Final Article thread. imo... Peace to all. ~ MM

BTW, April 1 2022 was the new moon and April 2nd, 2022 was the first Day of Ramadan. There is above the time frame Sadr gave that gets it to the 10th of May per the Islamic Calendar. Sadr has summoned the FM and CBI Governor 05/12/2022.. I can imagine the CBI having a move soon. I like the timing regardless.. ~ MM

Clare: Saleh and Al-Kazemi confirm support for dialogue in resolving outstanding issues and launching

05/07/2022

 The President of the Republic, Barham Salih, and the Council of Ministers, Mustafa Al-Kazemi, stressed today, Saturday, the importance of supporting dialogue in resolving outstanding issues and moving towards meeting the national entitlements that await the country.

 According to the presidential statement, {Euphrates News} received a copy of it, that: "This came during the President of the Republic's reception of the Prime Minister in the presidency in Baghdad."

He added, "During the meeting, the general situation in the country was discussed, where the importance of consolidating security and stability, chasing down terrorist remnants and blocking its attempts to target the security of citizens was emphasized, in addition to the need to provide all support to the security forces in carrying out their important tasks in this regard."

And on the political situation in the country, the statement explained that "the two sides stressed the importance of solidarity, consolidating the national ranks and strengthening the home front in facing the various challenges facing the country."

The statement indicated, "Saleh and Al-Kazemi affirmed their support for dialogue in resolving outstanding issues and moving towards meeting the national entitlements that await the country, focusing on the needs of citizens, improving living and service conditions, and the need to secure Iraq's security, stability and sovereignty."  LINK  

MilitiaMan:  A fresh meeting with the President and the Prime Minister today.. On topics like security, stability solidarity, consolidating ranks and moving towards meeting the national entitlements that await the country.

These items have serious implications for the future. They are working like a a government that has the people on their agenda. Their peoples entitlements would come from the reforms that have been promised.

That sounds like they are gearing for a change in an ex-change rate when using the word entitlements.

As exchange rate change will be needed to give the citizens their purchasing power, this year not next.. The two having the meeting today, is all a part of the reforms, imo. It shows the solidarity is intact .. imo~ MM

"6 Arab Countries Raise interest Rates" Posted by Clare at KTFA

KTFA:

Clare:  6 Arab countries raise interest rates

05/05/2022

The US Federal Reserve raised the main interest rate, by 50 basis points, as a more aggressive step so far in its battle against inflation spikes.

A number of central banks in Arab countries raised interest rates, including Saudi Arabia, the UAE, Kuwait, Bahrain, Qatar and Jordan.

The Central Bank of Egypt is scheduled to meet on May 16 to discuss monetary policy, including raising interest rates.

The US Central Bank’s decision to fight high inflation, which recorded 8.5% last March, was prompted by the lack of supply of goods due to supply chain problems, whether as a result of the Covid closures in China, or the Ukrainian war and its impact on the prices of many basic commodities from food to energy.

Interest rates are one of the central banks' weapons in curbing inflation, by sucking excess liquidity out of the economy and undermining demand.
However, the US raising interest rates means a lot to the direction of the movement of capital around the world.

Your personal wallet

It is expected that the decision of 5 Gulf countries, in addition to Jordan, to raise interest rates, will have a clear impact on the personal portfolio of its citizens, and the expected start will be on the cost of new borrowing.

Therefore, your financing needs will be more expensive at the present time, especially loans with fixed interest, as they carry higher risks for financiers from banks and finance companies, with the possibility of a new increase in interest rates.
Just as the existing loans with variable interest rates, whether it is real estate loans or car financing, they will also witness an increase, and you should review your loans at these times and contact the financing entity for your loans to find out the size of the impact on your personal budget.
It means loans with variable (moving) interest: loans that consist of two parts, one of which is fixed, which is the interest margin obtained by the financing bank and varies from one bank to another and according to each customer and his creditworthiness, in addition to a variable part, which is the official interest rate announced by the Central Bank.

The general activity

is not only that, with the increase in interest rates, the cost of financing economic activities becomes higher, and the economic feasibility of many projects decreases, as investors resort to investing their money in risk-free and fixed-return vessels, with the ambiguity of the economic scene and the presence of a higher return from banks, which is Which may affect all economic activities.

In most cases, bank deposits rise significantly with the rise in interest rates, which may reduce the money supply and lead prices to fall again and thus inflation levels, depending on the speed of response to interest decisions.

Stock valuations

On the other hand, many analysts rely on what is known as the "risk-free rate of return" - or the interest rate on treasury bills and bonds - in evaluating companies' shares, as the future cash flows of companies are discounted at a higher interest rate to calculate the present value of those funds, and thus The higher the discount rate (synonymous with interest rate) the lower the present value of the future cash flows and therefore the lower the valuation of the shares.

It is expected that many research centers and investment banks will start adjusting their recommendations and target values ​​for the companies they cover.
Contrary to this picture, bank shares usually witness a rise due to the net interest margin, which moves positively with the rise in interest rates.

Determinants of interest

With the US Federal Reserve raising interest rates, many global central banks are forced to follow in his footsteps, as even if their recorded inflation rates are not high enough to raise interest rates, they may be forced to make this decision either to maintain capital flows coming to them. As a result of competition with higher interest rates offered by US Treasury bonds, or because its currency is directly linked to the dollar, and thus the need to maintain exchange rates with the dollar, which is expected to witness a significant increase compared to many currencies.

The US dollar recorded its highest level since the global financial crisis last month, before retreating slightly after the decision to raise interest rates. However, the closest expectation is that the dollar prices will rise against global currencies, especially emerging market currencies.

Gulf countries

In turn, 5 Gulf central banks announced raising interest rates by 50 basis points, namely: Saudi Arabia, Kuwait, Bahrain, the United Arab Emirates and Qatar, with their currencies linked to the dollar, despite inflation readings that were significantly lower than their counterparts in the United States.

The banks attributed their decisions to the high rates of global inflation, and to spare their economies imported inflationary shocks from the rise in global commodity and energy prices. LINK

KTFA Monday Night CC "There Was a Major Announcement" 5-2-2022

KTFA

KTFA Monday Night CC

Frank26:  5-2-22……THERE WAS A MAJOR ANNOUNCEMENT

From Firefly in Iraq ” From the IMF- It’s time to make a change in the exchange rate of the dinar”

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=fY7GAdnBNoo

KTFA Monday Night Q&A With Frank26 and Walkingstick 4-25-2022

KTFA

KTFA Monday night CC

4-25-22…….MORE QUESTIONS WITH FRANK26 & WALKINGSTICK

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

Be sure to listen to the replay for entire Q&A

https://www.youtube.com/watch?v=XSyza12AGlA

KTFA Members "News and Views" Sunday Afternoon 4-24-2022

KTFA:

Samson:  Message to the Iraqi government

24th April, 2022 by Chuan Zangana

In the name of of Allah the Merciful

The Honorable President of the Republic of Iraq, Dr. Barham Salih

The Honorable Mr. Muhammad Al-Halbousi, Speaker of the Iraqi Council of Representatives

The Honorable Prime Minister of Iraq, Mustafa Al-Kazemi,

The respected Iraqi Minister of Finance, Dr. Ali Allawi,

The respected Iraqi Minister of Foreign Affairs, Dr. Fouad Hussein

 Iraq's investments in US Treasury bills and bonds

It is not hidden from you, dear gentlemen, the economic, health and security crises that the world suffers from as a result of a chronic hybrid war that is heating up little by little, starting with the Ukrainian crisis, passing through the crises of the Middle East and the China Sea, spreading disease, and rising inflation rates in all countries of the world, and the pace of Military confrontations, which prompted the world to take the necessary measures to confront disease, hunger and war, those three pests that gnaw the skeleton of humanity, and threaten its survival and sustainability.

In light of these crises, capitals search for safe and low-risk havens, such as gold, silver, commodities, the dollar, and the euro, and avoid high-risk safe havens such as securities traded in the markets and stock exchanges, and cryptocurrencies.

Gold and the dollar compete to attract capital, in the midst of these burning and aggravating crises, as gold provides its investors with good returns in light of its continuous and steady rise in its price, due to the high global inflation rates, which is considered the fertile hotbed of gold, as gold is considered the best safe haven in an atmosphere of inflation, This is despite the rise in the global dollar index, which crossed the 100-point barrier.. Despite the rise in the dollar index, and the US Federal Reserve’s confirmed decision to raise the interest rate by 0.5%, and reduce the size of the monetary mass of the dollar in America, all of this did not prevent, and will not Gold is prevented from rising, for reasons, the most important of which are:

First: the high negative interest rate that the American economy suffers from, the current interest rate in America is less than 1%, while the inflation rate is 8.5%, and this means that the interest is lower than inflation by about 7.5%, meaning that the interest is negative by (- 7.5% ), and this will push the capital to buy gold to protect it from inflation, which the dollar is unable to secure, and this is also the reason for the decline in global central bank reserves of the dollar to less than 60% of global monetary reserves.

Second: the global financial markets' conviction that the world is unable to rein in inflation in the foreseeable future, that is, the next two years at least, and this raises the appetite of these markets to possess gold instead of the dollar to secure protection against inflation.

Third: The high frequency of conflicts in global conflict hotspots, especially in Ukraine, which generated a conviction among global financial markets and global political decision centers of the possibility of an expansion of the Ukrainian crisis and the outbreak of a wide war.

 In this case, all banknotes, including the dollar, would shrink, and paper money would lose much of its Its purchasing power against the amazing rise that will happen in the prices of goods and luggage, and gold will come at the top of the list of luggage whose prices will rise significantly.

Iraq invests more than 20 billion dollars in US treasury bills and bonds, with low annual interest, and much less than the inflation rate.. Whatever the reason for this investment in the past, today it is a failed investment, fraught with risks, and inevitably harms the interest of Iraq, and only benefits the US treasury. Which fills its deficit with these investments, and then uses them to achieve its internal and external ends.

So, dear gentlemen... I believe that it is necessary to expedite the sale of these papers, and to buy gold bars in place of them, and to add them to the central reserve, in order to save the national wealth from wastage, free it from serving the foreign economy, and be able to use it freely and under national sovereignty, not to mention that any crisis in the American economy Or in US dollars, it will reflect negatively on this investment, and those bills and bonds will turn into printed papers that have no value even in washing hands.

This is your responsibility before the people, dear gentlemen.. Have I not reached, oh God, bear witness!  LINK

Sir:  IMO   This is more than enough proof that the good people of the world are moving at a fast pace to dump the dollar and go to asset backed currency. We see this around the world with our very eyes, for those of us who have been watching this for awhile now can take a sigh of relief, and for the Naysayers welcome to reality. All the glory to God….

Im glad to be on this journey with so many good people here at KTFA and around the world. IMO- The glory days are upon us and together we can do our part and help usher in the true meaning of why we are here on earth at this time   ( we are the choosing ones) head up and chest out, our work is just beginning.

Time to dump this matrix we have been forced to live in and take all of humanity with us, no one left behind..IMO

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Samson: Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad

24th April, 2022

Today, Sunday, Finance Minister Ali Allawi revealed that meetings with the International Monetary Fund and the World Bank are about to be held in Baghdad, while noting that the financial situation is very good 

Allawi said in a statement to Al-Iraqiya News that "the meetings with the International Monetary Fund, the World Bank and other major institutions in the American capital, Washington, were good," noting: "We have reached several agreements, the most important of which is support for the reform process, especially the white paper

He added, "There are close meetings in Baghdad, which will be after the blessed Eid Al-Fitr, so that the support will be technical and there will be advisors, in order to strengthen the capabilities of the Iraqi government, in order to advance and move forward with the reform project

He pointed out that "Iraq is in the process of implementing agreements with the World Bank, especially to support the technical side. We have reached very good results, and will contribute to strengthening the cadres working in the state," noting that "the ministry is in the process of submitting a law to the House of Representatives for the purpose of employing the unexpected gain resulting from the rise in oil prices, in the areas of strengthening support for groups affected by the prices of raw materials

He continued, "The law is before the House of Representatives and will be enacted, and it will give strong support to the groups affected by the rise in the prices of basic materials and foodstuffs in particular, and to strengthen the pillars of the Ministry of Finance and to strengthen the possibilities of employing public employment projects," explaining, that "there is an integrated plan to use the surplus of the price hike, in cooperation with Parliament

He pointed out that "this support is outside the concept of reform for the public sector, and we want to reduce government support, especially for sectors that can thrive without government support, but this will be for one time," explaining that "the government acknowledges that some groups have been affected by the rise in the prices of raw materials, so it will be one-time and non-recurring support. He stated, "We have a strategic agreement with the United States, especially in the economic aspect, and we want to do it now," stressing that "there are preparations for cooperation at all levels

Allawi stressed the need to "submit projects to obtain support, or a kind of American aid, especially in the technical and technical aspects," stressing that "the financial situation is very good, and we do not need support from any foreign parties, except for certain projects    LINK

Stevep99:  WOW!! This article speaks volumes! I cant wait to hear the results of the meeting in Baghdad!!

Sir:  And away we go……IMO     Getterrr done….

Clare:  GREAT ARTICLE!!! THANK YOU SAMSON      WHY NOW??!!! meetings with the International Monetary Fund and the World Bank are about to be held in Baghdad,

Mustangroper:  When is Eid Al- Fitr officially over with ….on May 6th?

PompeyPeter:    WELL DEPENDING ON THE SIGHTINGs OF THE MOON ITS 1ST SUN DOWN TO WEDNESDAY 4TH 

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Samson:  Mazhar Muhammad Salih: The Central Bank's balance is three times more than the government's external debt

24th April, 2022

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained, today, Sunday, the monetary policy of the Central Bank of Iraq, and between the contents of two basic pillars of this policy to address crises, he revealed the size of the foreign reserves of the Central Bank and the internal debt

Saleh said, to the Iraqi News Agency, that "the monetary policy of the Central Bank of Iraq has exercised and is still playing its great role in strengthening the national economy and supporting and supporting it in liquidity, stability and the management of monetary resources, especially through two successive double crises that the national economy was exposed to between the years 2014-2021, as monetary policy confronted The Central Bank has led to the serious stagnation to which the macro-economy and its real sectors were exposed, and its use of a satisfactory monetary policy

He added, "The two pillars of this policy are: credit easing and granting the monetary market with sufficient liquidity through the continuous initiatives of the Central Bank, and the other is quantitative easing policies to support macroeconomic liquidity in general by motivating secondary market operations with calculated, accurate and successful ranges that saved the national economy in the most contracting economic conditions and supported by one side. The last of the Iraqi financial policy to get out of the impasse of the fiscal deficit and the deterioration of the country's financial sustainability by relying on the internal liquidity levers provided by the Central Bank with its accurate, balanced and successful tools

He pointed out that "the first crisis that our country faced in the years 2014-2017 was a serious double crisis, financial and security at the same time, as energy markets and Iraq's financial revenues from exported oil deteriorated between these years, accompanied by strict security conditions, namely the war on ISIS terrorism." The Central Bank of Iraq played its prescribed role in its monetary policy, which contributed to assigning victory in the war and economy arenas, with remarkable accuracy

He continued, "While the second double crisis came between 2020-2021, it represented a serious deterioration in Iraq's oil revenues, a frightening deficit in the current account of the balance of payments, and a more serious deficit in public finances as a result of the price war in the energy markets in the world, and the reduction in the quantities of our country's oil production to nearly less than half is under the influence of the (OPEC Plus) agreements and the deterioration of global demand for oil throughout 2020 and parts of 2021, accompanied by a stifling global health crisis represented by the Corona pandemic and the closure of the global and local economy, as the country was affected by an agricultural crisis due to severe drought and the deterioration of agricultural crops, which made the output the GDP is shrinking to (minus 11%), in addition to the prevalence of poverty and unemployment at unprecedented rates in the country’s economic history

And he added, "Under these compelling circumstances, the monetary policy of the Central Bank of Iraq, with accuracy and with calculated and successful steps, led the process of building the foundations for maximizing the liquidity of the national economy, whether by proceeding with the Central Bank's initiative in revitalizing the real sector with soft loans in which the grant element increased," noting that "those loans approached about about 13 trillion dinars to push the activity of the national market and operate the labor market and the business of private activity forward, in addition to supporting government liquidity and attributing the effectiveness of the government economy and public finance without stopping, by deducting government treasury transfers, which constituted about 67% of the total debts of the Ministry of Internal Finance or the internal public debt borne by the bank The Central Bank of the total internal debt balance, which amounts to about 72 trillion dinars

He continued: "Thus, the monetary policy of the Central Bank of Iraq, with high success, fulfilled the requirements to meet the needs of growth and stability of the national economy and to provide it with sufficient liquidity, with high accuracy and wisdom, and at the same time supportive of the financial policy that faced harsh conditions through the two successive double crises between 2014-2021, as well as the restoration of the Central Bank Its foreign reserves, which are the cover of the national currency, record its balance today at more than 70 billion dollars, a balance more than three times the government’s foreign debt payable during the years 2022-2028, which confirms the efficiency of the foreign reserves of the Central Bank of Iraq

He pointed out that "the Central Bank of Iraq is an independent authority under its amended Law No. 56 of 2004, and it is he who draws the monetary policy himself without the interference of any party, and he is the most knowledgeable and best able to manage his policy in stability and development based on the articles of the Constitution of the Republic of Iraq   LINK

Iobey777:  WOW!! If it is that good, they need to go ahead and release their rate and pay the citizens!

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Samson:  Expert: The Trio is trying to circumvent the budget through the Food Security Law

24th April, 2022

The economic expert, Nabil Jabbar Al-Ali, confirmed, on Sunday, that the tripartite alliance is trying to circumvent the general budget law by passing the Food Security Law in Parliament, while stressing that the last law will contribute to the continuation of the process of political impasse.

Al-Ali said in an interview with the "Information" agency, "The caretaker government has the powers to spend 1/12th, which represents approximately 75% of the budget, and through this law it is trying to give itself access to 25% of the remaining budget through the legislation of this the law to have the full powers of the government.”

He added, "The Food Security and Development Law is a circumvention of the general budget law, and the parties to the Triple Alliance are trying to pass it in Parliament, and they may be able to do so, but the law will undoubtedly collide with objections before the Federal Court and the acceptance of the appeal for violating the constitution's path in the powers of the government."

As for the reason for his contribution to the political blockage, the expert explained that “a group of parties may benefit politically from the survival of this government and are not interested in the continuation of political disruption or delay in forming a new government because it is influential in the presence of a government with almost full powers.”

Member of the coalition, Ghazanfar al-Batekh, had said in a statement to the "Information" agency, that "the money that was allocated to finance the Food Security Law came from the financial surplus due to the rise in oil prices," noting that "this law came to zero the financial surplus."   LINK

Some "World News" Posted by Samson at KTFA Thursday 4-21-2022

KTFA:

Samson:  Iraq... Ambiguity surrounding the 2022 budget

21st April, 2022

Eyes in Iraq are still awaiting the completion of the draft financial budget for the year 2022, hoping to include what the Iraqi citizen aspires to, at a time when calls are rising for calls to restore the exchange rate of the dinar against the dollar to its previous era.

 With calls from economists to amend the dollar exchange rate in the current year’s draft budget law, sending the draft to Parliament is still surrounded by ambiguity, after government statements indicated that the current government could not prepare a draft budget law.

Analysts emphasized that one of the most important priorities of the upcoming budget, according to global oil prices, is to adjust the value of the dinar against the dollar, and to provide investment projects that contain unemployment among young people. 

Noting that "there are many priorities that the government and the legislature within the parliament should take into consideration when voting on the 2022 budget."

And they indicated that "these priorities are parallel in terms of their importance in terms of their relationship to the life of the citizen, including adjusting the value of the Iraqi dinar against the dollar, in addition to all kinds of investments to attract unemployed youth, and the risks it resulted, most notably drugs and crime."  LINK

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Samson:  The Minister of Finance reveals the most important challenges of the next government

21st April, 2022

Today, Thursday, Finance Minister Ali Allawi revealed the most important challenges facing the next government, while referring to cooperation with the US Treasury Department on money laundering

Allawi said, during a symposium organized by the Atlantic Research Institute in Washington: "The most important Iraqi challenges that will face the next government are the inherited laws and institutional procedures," stressing "the need to address them if we want to benefit from the country's resources and its strategic location and how to transform the economy into a post-conflict stage. oil

On the sidelines of his participation in the Spring Meetings held in Washington, Allawi stressed that "this visit came to deepen the economic relationship with international institutions, the World Bank, the International Monetary Fund, the American Treasury and the American Development Agency, and we aspire to strengthen relations

He added, "The IMF supports the overall economic and reform policy for Iraq," noting that "the World Bank supports certain projects, and now they have several projects they are working on in Iraq

 He continued, "There is cooperation with the US Treasury on several issues, including money laundering and Iraqi-American relations in light of the Russian-Ukrainian war, because there are economic aspects that must be taken into consideration

He continued, "In light of all these matters, it was necessary for us to come to Washington with a large and important team from the (Iraqi Finance) ministry and other ministries  LINK

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Samson:  Deputy: The protests may generate pressure on the parties to agree on forming the government

21st April, 2022

Independent MP Hadi Al-Salami said, on Thursday, that the alliances "are still between ebb and flow", and that the way in which the alliance has been carried out since 2003 until now "does not deviate from the image of conflicts between parties," noting that if the partisan parties agreed between them, the government was formed "smoothly and smoothly."

Al-Salami added, in a statement to the official "Al-Sabah" newspaper, which was followed by Mawazine News, that "the solution lies in popular pressures and protests after the month of Ramadan, and may generate pressure on the parties to agree on forming the government, because the reins of matters are in the hands of the ruling parties," as he put it.

He pointed out that "the number of independent representatives is few, and they are in the western region and Mosul allied with the parties, and some of them in the center and the south also allied with the parties and became a party to political conflicts."

He added, "The conflicts come within the race to obtain gains and positions, and in 2014, the absence of a government continued for eight months, and the formation of the government is always delayed, in addition to the three-month delay in approving the election results in the current session due to partisan conflicts."   LINK

Samson:  The United Arab Emirates Central Bank issues two new banknotes in denominations of five and ten dirhams

21st April, 2022

The Central Bank of the United Arab Emirates announced the launch of two new banknotes in denominations of five and ten dirhams, made of "polymer" and characterized by technical specifications and advanced security features.

This new offering comes in the context of the third issue of the national currency and based on the Central Bank’s keenness to keep pace with the comprehensive renaissance and the ambitious development vision of the state in the next fifty years, especially in the financial and economic fields, after the success of the first offering of the 50-dirham banknote (polymer).

This also comes as an affirmation of the Central Bank’s adoption of the sustainability approach and its efforts to develop environmental standards in the financial sector and promote sustainable growth by using an environmentally friendly “polymer” material through its ability to be recycled, as these banknotes have a higher degree of durability and a longer shelf life than banknotes made of cotton at a rate of two times or more.

The Central Bank continued the approach of the third edition, by blending modern technologies with the beauty of design. The aesthetics of the design in these two papers is represented in the presence of a transparent window decorated with the image of the founding father, the late Sheikh Zayed bin Sultan Al Nahyan, "may God rest his soul", and the logo of the state's visual media identity, in addition to the presence of advanced geometric shapes, drawings and inscriptions designed using intaglio printing techniques and fluorescent inks. .

Technical characteristics of the five-dirham banknote

In designing the new five-dirham banknote, the Central Bank was keen to preserve the technical characteristics of the color in the paper banknote currently in circulation of the same denomination, to facilitate identification by the public.

Pictures of a number of national and civilizational symbols in the UAE were also included in the design. In the center of the front face of this banknote, the image of "Ajman Fort" appears as an archaeological and historical landmark that stands as a witness to the cultural and historical legacy of the fathers and grandfathers. In the center of the reverse side of the banknote, an image of "Dayya Castle" appears in the Emirate of Ras Al Khaimah, which is a distinctive cultural and heritage destination in the country.

Technical characteristics of the ten-dirham banknote

The new 10 dirham banknote kept its green color, to be similar to the color of the banknote currently in circulation. In the center of the front face appears the image of the Sheikh Zayed Grand Mosque, which is a prominent religious, national and cultural landmark in the country, and enjoys a distinguished position in the world. In the center of the reverse side of the banknote, there is an image of "Khorfakkan Amphitheater" as one of the prominent cultural monuments in the Emirate of Sharjah.

- Security features of the two banknotes

The Central Bank has worked to employ the latest international standards and technologies in the two new banknotes, and to use technical specifications and high-quality apparent and latent security features in the banknote industry to enhance the confidence of dealers in the national currency as well as to combat counterfeiting. The two banknotes also include a touch and prominent feature in Braille to help blind dealers identify the value of the banknote.

- Offering dates

The 10 dirhams (polymer) banknote will be released for circulation as of today “Thursday” corresponding to April 21, 2022, and the new five dirhams (polymer) banknote will be released for circulation as of Tuesday, 26 April 2022. The two current banknotes will remain Of the same denomination in circulation together with the new (polymer) banknotes as banknotes whose value is guaranteed by law.

His Excellency Khalid Mohammed Balama, Governor of the Central Bank of the UAE, said on this occasion: “The issuance of the new banknotes of the five and ten denominations, and before that the fifty dirhams, is a source of pride and pride because of the symbols and connotations they carry that reflect the history of the United Arab Emirates and its immortal heritage, at the same time. It reflects the future vision of development and prosperity in the country.”

His Excellency added: "Thanks to the wise guidance and firm support of our wise leadership, we look forward with confidence and optimism to the future to achieve more achievements and reach global leadership. We at the Central Bank affirm our commitment to the constant quest for the UAE dirham to become an international currency that is used on a global scale."  LINK

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Economist: The only currency in the world has an impact on the dollar

21st April, 2022

The Russian economist, Mikhail Shulgin, spoke of a currency that has an effective impact on the US dollar, referring to the Hong Kong dollar (HKD).

Shulgin, who is head of global research at the investment company "Otkritie Investments", said that stability in Asian markets is largely related to the Hong Kong dollar, whose price is closely related to the US dollar, and changes in one of the two currencies may affect the other, according to what was reported by "Russia Today".

He added that the system of linking the Hong Kong dollar to the US dollar has proven its feasibility since 1983, as the range of fluctuations is very narrow, with a margin of 1.28%, which gives Hong Kong, as one of the global financial centers, financial and economic stability.

The expert pointed out that this makes the Hong Kong dollar one of the alternative currencies to the American currency - the dollar.

However, he pointed out that the exchange rate of the US dollar against the Hong Kong dollar has grown significantly this year and approached the upper limit of the acceptable range of fluctuations, in light of expectations to raise the interest rate in the United States, which will lead to an increase in US government bond yields, which will constitute support dollar in the world.  LINK

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Samson:  Israel adds China's yuan for the first time ever while cutting its dollar holdings in biggest currency reshuffle in a decade

21st April, 2022

Israel's central bank added yuan to its reserve holdings for the first time ever.

Previously, the bank only held US dollars, euros, and the British pound. 

According to the IMF, the dollar's share of the total global currency reserves has fallen to its lowest point in over two decades. 

Israel's central bank will add Chinese yuan while slashing its dollar and euro holdings in a move to diversify its reserve allocations and lengthen its investment horizon, Bloomberg reported. 

"We need to look at the need to earn a return on the reserves that will cover the costs of the liability," Deputy Governor of the Bank of Israel, Andrew Abir, said in an interview.

In addition to the yuan, the bank will also add the Canadian and Australian dollars, signaling a shift in the bank's "whole investment guidelines and philosophy," Abir said. Previously, the bank only held US dollars, euros, and the British pound. 

Israel's reserves stockpile will surpass $200 billion for the first time. 

Moving forward, the yuan will take up 2% of the bank's reserves, and both the Canadian and Australian currencies will have 3.5% each, according to the bank's annual report.  The new additions means the euro's share will fall from 30% to 20%, and the dollar will account for 61%, down from 66.5%. 

According to the International Monetary Fund, the dollar's share of total global currency reserves has fallen to its lowest point in over two decades, sparking speculation over the rise of China's yuan. 

China has long pushed for the yuan to supplant the dollar as the go-to reserve currency. The weaponization of the US currency against Russia's financial institutions means a sea change could be coming, experts say. The effectiveness of the West's sanctions against Russia has provided a wake-up call for countries seeking to reduce their exposure to the dollar, economist Aleksandar Tomic previously told Insider. 

But for China's yuan to gain much further, other nations would have to lose trust in the US economy and gain trust in China's monetary authorities.  "Challenges to the dollar have come before, but none have taken hold because when things turn volatile, the US tends to be stable, so the dollar persists," Tomic said.

VIDEO LINK   LINK

KTFA Members "News and Views" 4-20-2022

KTFA:

Samson:  Central Bank : Half of the banks in Iraq are within the excellent level

19th April, 2022

Tuesday, Deputy Governor of the Central Bank, Ihsan Al-Yasiri, confirmed that there are more than 70 banks, only 7 of which are governmental.

Al-Yasiri said, in a televised program affiliated with the National News Center, that "the government banking sector used to account for 85% of the deposits of institutions and the public, and that there are more than 70 banks, only 7 of which are governmental, and only half of them can be classified within the excellent level."

He added, "One of the functions of the Central Bank is to monitor the banking sector."  LINK

Samson:  The Prime Minister's spokesperson is hosted by Parliament to discuss the budget

20th April, 2022

The Parliamentary Finance Committee hosted, on Wednesday, the Minister of Culture, Hassan Nazim, regarding the budget law.

The Media Department of the House of Representatives said in a statement that Mawazine News received a copy of it, that “the Finance Committee headed by Hassan Karim Al-Kaabi and in the presence of a number of its members received today, the Minister of Culture, the spokesman for the Prime Minister, Hassan Nazim, and the advanced cadre in the ministry to discuss the ministry’s budget within the budget law.” Federal General Assembly for the year 2022.

Al-Kaabi welcomed the Minister of Culture, stressing "the importance of the ministry and its work within an organized work plan." The culture sector was discussed and the need to support it with projects concerned with cultural reality, including supporting the school library and building museums to prove cultural identity. 

The meeting, which was held at the headquarters of the Finance Committee, discussed the budget of the Ministry of Culture within the general budget law for the year 2022, and the development of a strategic plan that meets the needs of the ministry based on a real vision between the Finance Committee in the House of Representatives and the Ministry of Culture, in addition to the sustainability of the ministry’s work through legislation, including the Ministry of Culture law. and important laws.    LINK

Clare:  VERY INTERESTING! "DISCUSSING THE BUDGET/2022" ....JUST LIKE WS & FRANK SAID ON MONDAY NIGHT.... THEY ARE USING IT TO RUN THEIR COUNTRY NOW...  WE MAY NOT UNDERSTAND HOW- BUT YOU SHOULD KNOW BY NOW A LOT GOES ON BEHIND THE SCENES THAT WE ARE NOT PRIVIY TO... IMO    THANK YOU SAMSON!

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TSM:  But the parliament, votes on the budget, then send it to the President to be implemented.  So far Parliament has not done anything in regards to approving it, it does seem that they have not even received it yet...imo  

Clare:  IN FRANK'S OPINION PARLIAMENT HAS THE BUDGET... LOOK AT POST #67 HOW CAN THEY BE DISCUSSING THE 2022 BUDGET IF IT IS NOT ACCESSIBLE TO THEM? HOWEVER, IF THE NEW RATE WERE NOT IN THE 2022 BUDGET WHY WOULDN'T THEY JUST EXPOSE IT ALL?
BECAUSE THE CARETAKER GOV. CAN ACCORDING TO ARTICLES, (EVEN THOUGH THERE IS MUCH BACK & FORTH IN THE ARTICLES)  BUT WS TOLD US THE CARETAKER GOV WILL NOT INTRODUCE A NEW RATE.
 
MUCH TO PONDER....IMO  AND WE SHALL SEE SOON!

POST #67 The Prime Minister's spokesperson is hosted by Parliament to discuss the budget .... The Parliamentary Finance Committee hosted, on Wednesday, the Minister of Culture, Hassan Nazim, regarding the budget law. The Media Department of the House of Representatives said in a statement that Mawazine News received a copy of it, that “the Finance Committee headed by Hassan Karim Al-Kaabi and in the presence of a number of its members received today, the Minister of Culture, the spokesman for the Prime Minister, Hassan Nazim, and the advanced cadre in the ministry to discuss the ministry’s budget within the budget law.” Federal General Assembly for the year 2022. Al-Kaabi welcomed the Minister of Culture, stressing "the importance of the ministry and its work within an organized work plan." 

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Godlover: Yes imo parliament will need to vote on the budget, with or without a new rate prior. I do not believe they can bypass parliament imo.  As to what Clare shared via WS:Of course, a new government is needed prior to any monetary reform.  I completely agree that if Kazemi gets to continue, it needs an official announcement. 

Clare:  YES, THE GOVERNMENT DOES NOT NECESSARILY HAVE TO CHANGE AS THE ARTICLES HAVE SAID THEY MAY AGREE TO KEEP KAZEMI, BUT WE NEED THE OFFICIAL ANNOUNCMENT OF THE NEW GOV. EVEN WITH KAZEMI....THERE NEEDS TO BE CONFIDENCE IN THEIR GOV. IMO

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MaryandTodd:  I have finally figured out the true Iraqi government structure. Here are the main departments:

 Department of “New Holidays”  - tasked with inventing new ways to give government workers time off so they don’t feel guilt for not doing their job on those days

 Department of “Confusion” - tasked with disseminating unnecessarily vague and/or conflicting information so nobody (including themselves) knows what is really going on

 Department of “Resource Dissemination”- simply tasked with enriching the ruling class while keeping the citizens dependent and lacking for even the basic necessities

 Department of “Delays and Can Kicking” - tasked with inventing and recycling ways to impede action on everything

Department of “Camouflage”- tasked with hiding Iranian sympathizers in plain sight

Department of “Sanitation” tasked with laundering oil revenues to further enrich the ruling class

 Department of “Elections and Government Seating”  - just kidding, nobody works here, they are a ghost sub-department of “Delays and Can Kicking”

 Department of “We Care About Iraqi Citizens” - OK, there is only a couple of people in this department and they are kept in a deep and dark cellar only to be exposed to the public when riots start

Department of “The Budget” - a lot of good people that spend countless hours on a national budget that never gets implemented (or probably even read) .

AND FINALLY

The Department of “International Relations”tasked with walking that fine line between seeking aid (to further enrich the ruling class) and demanding independence from foreign influence (except from Iran).

Actually, Although this may seem extremely accurate, I completely made this up based on my observations and personal opinion (wink)

Clare:  WALKINGSTICK & FRANK  TOLD US MONDAY NIGHT...
"WE  ARE WAITING FOR A SEATED GOV ….NOTHING ELSE IS PREVENTING THEM FROM RELEASING THE NEW EXCHANGE RATE."...WS 

"THEY ARE PREPARED NOW TO INTRODUCE A NEW EXCHANGE RATE AND CURRENCY"-WS

"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" -WS

THE GOVERNMENT DOES NOT NECESSARILY HAVE TO CHANGE AS THE ARTICLES HAVE SAID THEY MAY AGREE TO KEEP KAZEMI, BUT WE NEED THE OFFICIAL ANNOUNCMENT OF THE NEW GOV. EVEN WITH KAZEMI....THERE NEEDS TO BE CONFIDENCE IN THEIR GOV. IMO

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Samson:  World Bank: Iraq ranks first in the Arab world with the largest growth in GDP

20th April, 2022

Today, Wednesday, the World Bank announced that Iraq has achieved the first Arab position with the largest growth in GDP, while praising the positive steps taken by the government with its corrective measures for fiscal policy

A statement of the Ministry of Finance received by "Economy News" stated that "the World Bank report issued for the current month of April, in which it was expected that Iraq would achieve the first Arab rank with the largest growth in GDP and per capita for the year 2022

The report indicated, according to the statement, that "Iraq's GDP may grow during the current year by 8.9 percent, surpassing the rest of the Arab countries, including Qatar, which is expected to grow by 4.9 percent, Saudi Arabia 7 percent, Kuwait 5.7 percent, UAE 4.9 percent, Algeria 3.2 percent, and Egypt 5.5 percent." Jordan 2.3 percent and Morocco 4.3 percent

He added, "The growth of Iraq will decline in the year 2023, but it will also remain higher than the rest of the Arab countries except for Egypt," noting that "the growth of Iraq's GDP will be 4.5 percent and similar to Qatar, and it will rise in Egypt to reach 5 percent and Saudi Arabia will have 3.8 Kuwait 3.6 percent, Algeria 1.3 percent, Tunisia 3.5 percent, and Jordan 2.3 percent
 
The World Bank report indicated that "Iraq will also be the highest among the Arab countries in terms of per capita GDP growth during 2022, at 6.3 percent, while Saudi Arabia's per capita growth will be 5.5 percent, Kuwait 4.5 percent, Bahrain 1.4 percent, Egypt 3.6 percent, and Qatar." 4.5 percent, while Morocco will decrease 0.1 percent

In a related context, experts at the bank praised, according to the report, "the positive steps taken by the Iraqi government through the Ministry of Finance in its corrective measures for the fiscal policy and for the structure of the Iraqi economy in general, in addition to its adoption of an extensive package of measures and plans of medium and long-term impact in the face of the repercussions of the phenomenon of inflation and the rise in global prices and the repercussions of Corona pandemic

Experts estimated that "the growth of the Middle East and North Africa region will be 5.2 percent in 2022, after recording a recovery of 3.3 percent in 2021. The World Bank expected that "the growth rate in per capita GDP in the region will rise to 3.6 percent in 2022 after recording a recovery of 1.7 percent in 2021.  LINK