MilitiaMan and KTFA Members " All Looks Very Good" 6-17-2022

KTFA:

Samson:  The Arab Monetary Fund Holds An Interactive Workshop To Talk About The Experience And Interaction Of Participating Financial Institutions With The Buna Platform For Arab Payments

17th June, 2022

Speaking at the workshop, senior managers from First Abu Dhabi Bank, Bank Muscat and Bank Africa

The workshop will host more than 200 participants from representatives of central banks, regional and global financial and banking institutions

Today, Thursday, June 16, 2022, the Arab Monetary Fund will hold a "remote" workshop to present the experience of the banks that use the most cross-border payment services provided by the "Bunna" platform for Arab payments, which is affiliated with the Regional Institution for Arab Payments Clearing and Settlement owned by the Fund.

The Buna platform for Arab payments is witnessing a growth in the number of participating financial institutions, and this growth is accompanied by an increase in the number of settlement currencies used by participating financial institutions and an increase in the volume and value of payments being settled through the Buna Arab Payments platform. 

Based on these facts, the workshop will host a number of senior managers from First Abu Dhabi Bank, Bank Muscat and Bank Africa to talk about their experience using the services of the Buna platform to implement cross-border payments in multiple currencies.

During this workshop, the team working at the Buna platform for Arab payments will give a presentation on the latest developments related to Buna's activity and progress, including revealing the details related to the currency exchange service, which the Buna platform for Arab payments is preparing to launch during the second half of the year. 2022.

The workshop will host more than 200 participants representing central banks, financial and banking institutions, payment service providers and financial services from the Arab region and abroad, to learn about these important and vital topics and follow up on the development of the Buna platform and its future plans.

On this occasion, Mr. Mahdi Manea, CEO of the Regional Institution for Arab Payments Clearing and Settlement (Bunna Platform for Arab Payments) , spoke : “The Buna platform for Arab payments continues to make further progress by growing the size of its network of participating financial institutions in parallel with the development of its services. In this framework, we are keen to cooperate with financial institutions participating in the Buna platform, to provide innovative services to send and receive cross-border payments in a secure, affordable and highly effective manner.”

Mr. Manea added : “Bunna Arab Payments Platform, through its innovative services, aims to provide multiple cross-border payment solutions in Arab and international currencies. Accordingly, we have included in our 2022 plan the launch of a currency conversion service based on the simultaneous payment mechanism .

This additional service will work on Enhancing the effectiveness and efficiency of liquidity management for border payments and allowing improved liquidity levels not only across multiple payment channels and means but also across multiple currencies, through a single window and supported by efficient and flexible tools.”

It should be noted that the "Bunny" platform constitutes an integrated system specialized in providing clearing and settlement services for payments in Arab and international currencies. 

 It aims to enable financial and banking institutions in the Arab region and beyond, including central and commercial banks, to send and receive inter-payments throughout the Arab region and abroad in a safe and reliable manner, at an appropriate cost and with high efficiency.

 Buna offers participants state-of-the-art payment solutions that comply with international standards and principles and international compliance requirements. "Buna" contributes to enhancing opportunities for economic and financial integration in the Arab region and supporting investment links with trading partners in various continents. 

It is noteworthy that participation in the platform is available to all banks and financial institutions that meet the criteria and conditions for participation in it, foremost of which are the standards and procedures for compliance aspects.    LINK

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Sir:  Could we be looking at a basket of currency’s and a float of those currency’s? July surely looks promising!  Imo

Tivon:  They said preparing to launch in the 2nd half. I would like to presume that we are in that period now. So I'm expecting this to launch fairly soon.

 But to be honest they are being purposely vague about which month this year. I would say the reason is that one would automatically deduce that given a specific timeframe it would tip off speculators as to when the CBI would have to be ready to launch as well.

So of course they could only say 2nd period of this year which could be any month.

But given where we are with certain developments I think this platform would be the method of choice for the Dinar. Or maybe the CBI has another plan. Not sure but the former seems more viable. IMO

Suzie:  They have to cover the FSL with something other than "toilet" paper money in MY OPINION.....

DoTalktoMe:  second half. It would be nice if they would have said the 3rd quarter. July - September.
Typical of Iraq will be to drag it out as long as possible. 

Tivon:  Well I would like to think that Buna knows how sensitive this process is. If they gave us a clear date it was cause unwanted attention to financial institutions like the CBI. That's why even though saying the second half is their launch pad they have to leave breathing room for the overall operation. Because we are not getting this information from the CBI. which has to be considered in this matter. IMO

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MilitiaMan:  The looks of this support data from the AMF that the region is fully ready for currency exchanges and conversions is telling.

Electronic cross border payments in multiple currencies is exactly what Iraq will be apart of. The second half of 2022 is within days to a couple weeks, as we all know.

Well, if Iraq is going to be one of the largest trading partners in the region and the re construction of the country is to be under way shortly, they'll need to get the exchange rate of the IQD internationally accepted and cleared.

The new ATMs with currency recycling and mention of coins to day are huge clues as to that Iraq is getting ready for internationalism by those two items alone a long with the AMF being ready for more currencies. The education is underway and gaining steam in Iraq..

All looks very good.. imo ~ MM

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Tivon:  Yeppers, 2nd half of this year is July 1st. Which would definitely explain why the articles about the ATMs coming out earlier than expected from what Frank mentioned makes plenty of sense. So of course they want to get ahead of that and get the flow of information going to acclimate the general public. I mean they have to turn these things on very soon. Why even deploy them in the first place if the reinstatement is contingent upon swapping out the old for the new? That's what the machines do right? IMO

Clare:  NEW - Powell: "Rapid changes are taking place in the global monetary system that may affect the international role of the dollar."

A US central bank digital currency is being examined to "help the US dollar's international standing." pic.twitter.com/htP6r1brNz— Disclose.tv (@disclosetv) June 17, 2022

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Wagmister: White paper. He did say white papers

MilitiaMan:  He did and his mannerisms suggest urgency. He appears actually nervous. Even his paper works was folded and crinkled.. lol 137 Countries signed on the CBDCs and even at the retail level. They also agreed to Global Taxation.. Rapid change is open us and his white papers may be different than Iraq's but, I'll bet your bottom dollar they'll likely mirror themselves accordingly with respect to clearing currency digitally in the future. That level playing field likely scares the "bejeezzous" out of him.. lol ~ MM

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Samson:  Maysani issues a book documenting Iraqi stamps and coins

17th June, 2022

The author, Engineer Nawar Akram, issued the book “The Oil in Stamps and Iraqi Coins”, on the authority of Adnan’s house in Baghdad, with 118 pages of large pieces documenting the Iraqi stamps and coins that dealt with the issue of oil in Iraq. 

Akram told the Iraqi News Agency (INA): "The book is a documentary research on the issuance of Iraqi stamps and coins related to oil and oil topics, as it sheds light on the most important events in the historical march of Iraqi oil at the same time, highlighting the cognitive and aesthetic aspects of the stamp and coin collecting hobby."

He added that "the book included two parts and three appendices, the first part dealt with Iraqi stamps related to oil, while the second part was devoted to the issuance of paper money and coins issued by the Central Bank of Iraq, which carried a reference to oil and its topics, and the first appendix contained a list of the most important historical joints of oil in Iraq, and the other two annexes included what was available in the author's collection of envelopes for the first day and documents of oil companies. 

He continued, "The book presented some talk about the history of the emergence of stamps, their types and the beginning of their use in Iraq, as well as the process of Iraqi money and its emergence, in addition to some information about the printing, dimensions and punching of stamps, as well as security signs and the method of numbering paper currencies and information on stamps and currencies in global blocks."

He stressed that "the conclusion showed a census of the number of publications and their chronological distribution within the past century of the modern Iraqi state."   LINK

MilitiaMan: Timing if this being exposed is not by coincidence, imo. They'll likely once they re issue a new exchange rate will have a need for coins, thus, the book would be expected to be updated to reflect this next historical move.

The Central Bank of Iraq has shown to the Central Bank of England new currency with a need for smaller increments to make change. That is in that they showed them the NSCNs, noted in the photos from the CBI website.

Then we saw the ATMs that have new innovative technology to recycle currency.  They roll out of the new exchange rate education is imo fully underway. 

All while the EFSL has a time clock to be presented in the Gazette. I like what we are seeing.. imo ~ MM

"Vietnam News" Posted by Samson Friday 6-17-2022

KTFA Vietnam: 

Samson: Việt Nam attends 12th WTO Ministerial Conference in Geneva

16th June, 2022

Minister of Industry and Trade Nguyễn Hồng Diên joined trade ministers and senior officials from 164 member countries of the World Trade Organization (WTO) at the 12th WTO Ministerial Conference (MC12) that took place in Geneva, Switzerland, from June 12-15.

The Vietnamese delegation also included Ambassador Lê Thị Tuyết Mai, Permanent Representative of Việt Nam to the United Nations, the World Trade Organization and other international organisations in Geneva, and representatives from the Ministry of Industry and Trade, Ministry of Foreign Affairs, and Ministry of Agriculture and Rural Development.

Addressing the event, Diên affirmed support for the multilateral trade system and Việt Nam’s efforts to join with other WTO members to deal with global economic challenges. However, the minister pointed out several shortcomings of the organisation, including internal ones identified during MC11 that had hardly been resolved.

“We should also be aware that it is now time for the WTO to undertake fundamental reforms to maintain and strengthen its three core pillars whilst adapting promptly to the profound changes and new requirements of the era. Never have we observed the issues on healthcare, environment, food security, and supply-chain disruption become more pressing and urgent than today,” he said.

"It is therefore imperative that the WTO members confront the root causes of these challenges and explore appropriate solutions so that the WTO can overcome them and continuously improve its operational efficiency."

He said that the WTO should not be limited to providing an effective negotiating platform, but also a contributor to solving global crises, whilst maintaining and ensuring a level-playing field in world trade. He highlighted that since joining the WTO, Việt Nam had been and would continue to be wholeheartedly committed to the multilateral trading system.

“We are ready to cooperate with WTO members in maintaining and strengthening the multilateral system with WTO at its core, in promoting and facilitating trade and investment, as well as in ensuring the vital supplies of goods and materials in the region and across the world. At the same time, Việt Nam is willing to stand with other members in ensuring sustainable development for the world economy, bringing inclusive benefits while striving to provide pragmatic support to the developing and least developed members,” he said.

Việt Nam attaches great importance to key WTO negotiations such as fisheries and agricultural subsidies, he said, expressing hope that the members would focus on topics of urgency and interest such as securing the supply of food and essential goods for the people.

At a discussion on trade and climate change on the sidelines of MC12, the minister underlined that climate change mitigation was an important factor in achieving equality in the world and held that the key issue is to achieve carbon neutrality while maintaining economic growth and improving living conditions for all, especially vulnerable groups. He gave several proposals to speed up actions against climate change during trade activities. He underscored the need to consider specific conditions of each country to avoid the mechanical application of environmental standards in developed countries to developing countries, either directly or indirectly.

According to the minister, allying trade ministers on climate change can be a way to realise these goals, along with enhancing cooperation and discussion not only within the WTO but also in regional and bilateral collaboration frameworks.

At a meeting of Cairns Group, a coalition of 19 agricultural product exporting countries, Diên highlighted three issues that need to be prioritised - the application of trade-distorting subsidies or domestic support measures, affecting many important commodities such as sugar and other essential agricultural products; the application of special safeguards in agriculture that leads to unequal farm produce trade; and measures recently adopted by some countries following geopolitical and supply chain tensions, which directly threaten global food security.

Diên also joined several MC12 sideline discussions and held bilateral meetings with partners such as the European Union, Australia, Singapore and Israel.

The WTO Ministerial Conference is the organisation's highest decision-making body, which takes place every two years. However, due to the impact of the pandemic, MC12 was postponed twice. This was a good chance for the WTO to prove that trade is part of the solutions to many great challenges in the current era, whether public health or the environment.  LINK

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Samson:  US Treasury Department recognises Việt Nam’s progress in addressing currency-related concerns

14th June, 2022

The US Department of the Treasury has recognised the progress made by Việt Nam in its recently released report on macro-economic and foreign exchange policies of major trading partners of the US, the State Bank of Việt Nam (SBV) said on Monday.

The SBV said it would continue working closely with relevant ministries and sectors to discuss the issues of the US side’s concern in a cooperative and win-win spirit so as to develop harmonious and sustainable trade relations.

The central bank of Việt Nam would continue a monetary policy that aims to control inflation, stabilise the macro-economy, and aid economic recovery and development. It would also keep flexible exchange rates appropriate to macro-economic balances, market developments, and the monetary policy’s targets, it added.

In the report unveiled on June 10, the US Department of the Treasury continued reviewing the large trading partners in terms of three criteria: bilateral trade surplus with the US, material current account surplus, and persistent, one-sided intervention in the foreign exchange market.

It placed 12 economies on its “Monitoring List” of major trading partners that merit close attention to their currency practices and macro-economic policies, namely China, Japan, the Republic of Korea, Germany, Italy, India, Malaysia, Singapore, Thailand, Taiwan (China), Việt Nam, and Mexico.

All except Taiwan and Việt Nam (which were subject to enhanced engagement) were on the Monitoring List in the December 2021 Report. As both Việt Nam and Taiwan exceeded the thresholds of fewer than three criteria under the Trade Facilitation and Trade Enforcement Act of 2015 (2015 Act) over the four quarters through December 2021, the Treasury Department put the two economies on the list again.

In the report, it also concluded that no major trading partners manipulated their exchange rates in 2021.

In early 2021, the department commenced enhanced bilateral engagement with Việt Nam in accordance with the 2015 Act. They reached agreement in July 2021 to address the department’s concerns about Việt Nam’s currency practices.

The Treasury Department said in the report that it continued to engage closely with the SBV to monitor Việt Nam’s progress in addressing Treasury’s concerns and is thus far satisfied with progress made by Việt Nam.  LINK

Samson:  Việt Nam’s economic recovery remains strong: World Bank

14th June, 2022

The World Bank (WB) released the June edition of its monthly Vietnam Macro Monitoring on June 13, highlighting that economic recovery remained strong despite heightened global uncertainties.

Industrial production continued a robust expansion of 10.4 per cent year-on-year while retail sales rebounded with growth of 4.2 per cent month-on-month and 22.6 per cent year-on-year, suggesting strong recovery of private consumption.

About 173,000 international visitors arrived in May, about 70 per cent higher than in April and the highest figure since April 2020, yet still less than 16 per cent of pre-pandemic levels.

Sales of consumer services, which were hit harder than the sales of goods last year, experienced a stronger rebound (41 per cent year on year compared to 18.3 per cent year on year, respectively).

The rebound was due to the booming accommodation and catering services, which increased by nearly 70 per cent and were 12.4 per cent higher than its pre-pandemic level three years ago. Travelling also tripled compared to a year ago although it was about 60 per cent lower than its pre-pandemic level.

Amid heightened global uncertainties, export growth slowed and import growth plateaued.

FDI commitments were US$879 million in May, the lowest level since September 2020, and nearly 50 per cent lower than a year ago. This is the fourth consecutive month of decline, reflecting the heightened economic uncertainties caused by the protracted war in Ukraine and the health-related lockdowns in China.

On the other hand, FDI disbursement remained strong in May, up 8.5 per cent year on year, marking a six-month expanding streak.

CPI inflation edged up from 2.6 per cent in April to 2.9 per cent in May driven by a rise in gasoline and diesel prices, which were 54.5 per cent higher in May than a year ago. Producer price inflation showed signs of easing in May, with both input costs and output prices rising at the slowest rates in three months.

Credit growth remained strong at 16.9 per cent year on year while overnight interbank interest rates dropped sharply from 1.73 per cent in April to 0.33 per cent as of the end of May.

Thanks to strengthening domestic demand, total revenue collection increased by an estimated 29.4 per cent year on year in May, keeping the budget in surplus for the fifth consecutive month.

The WB recommended that Vietnamese authorities should be vigilant about inflation risks associated with continuing rise in prices of fuels and imports, which may dampen the ongoing recovery of domestic demand. Temporary support including targeted transfers should be considered to help poor households weather the price surge.

As the commodity price shock appears to be mainly affecting oil and fuels, with passthrough to transport costs, temporary targeted subsidy for main gasoline and fuel users (such as truckers) could also be considered to alleviate hardship and blunt the inflationary pressures.

Investing in alternative energy production would reduce the economy’s dependence on imported fuels in the medium term and promote greener growth.  LINK

KTFA CC with Frank26 "What Did We Say About the ATM'S?" 6-16-2022

KTFA

KTFA Thursday  Night CC

6-16-22….WHAT DID WE SAY ABOUT THE ATM’S !!!

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=uuj4evAL6mk

KTFA Members "News and Views" Thursday PM 6-16-2022

KTFA:

DoTalkToMe: Suspension Removal_____ CHINA EVERGRANDE GROUP June 16th, 2022
Due to ongoing suspension in trading of CHINA EVERGRANDE GROUP,
the following treatment will be applied to the following indices:

CHINA EVERGRANDE GROUP will be removed from the index at a price
of Zero. Effective date (open ):

16/06/2022.
Fitch withdraws ratings on debt-laden China Evergrande, subsidiaries

China Evergrande to announce restructuring proposal by the end of July.
IMF warns China's property stress poses spillover risk

Samson:  After the Sadrists resign, framework efforts to form a quick government

16th June, 2022

A parliamentary source confirmed, on Wednesday, that the coordinating framework will not move according to its specific directions, suggesting that there will be reactions from the Sadrist movement.

The source told "Mawazine News" that if there were no reactions from the Sadrist movement and they proceeded according to the hadith of Muqtada al-Sadr, there would be a rapid formation of the government.

He added that the meeting of the coordination framework, in the presence of Prime Minister Mustafa Al-Kazemi today, stressed that the political heads of the country are progressing with outputs to form the government quickly.    LINK

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Tivon:  Listen, I'll say this again briefly. Everything from the EFSL, 2022 Budget, and the formation of the GOI at this stage will happen for different reasons.

 First the 2022 Budget has access to the "Final Accounts". What is that? The revenues from the past ten years from 2014 up until now. They need to find out what happened to the money. Because once the life cycle of the EFSL ends they can not go into 2023 and start a new Budget (For That Year) and still not know states actual expenses from all those years.

Remember, only 51 trillion is going into the 2022 Budget. Why? Because the year is almost over and they do not want to allocate more then that because they only have 5 1/2 months left to do anything useful with the 2022 Budget.

So they will only address "New Projects" in this year's 2022 budget. The EFSL was for stalled ongoing projects (Reconstruction/Investment) that was never addressed in the past ten years. Why? Because there was no budget. Remember it all comes down to contracts. And since the EFSL has the HCL/Oil & Gas Law they can get "The Wheels of The Economy" (Mazhar Muhammad Saleh) moving while they sort out the formation of the government and take care of the citizens and give them "Purchasing Power" with the current EFSL.

That way they can start next year with a clean slate since  the EFSL is removing all corruption from the currency sale window (Private Banks) and Customs Authority which was recently announced.

Which is why they are confident about the ATM roll out because it is electronically secured with features that can swap old currency out for new. If you read my post yesterday you would know where I'm going with this.

This is the number one reason why they need to form the GOI. Simply because there is no other way to gain access to the "Final Accounts" for general reasons that Militia-Man said has been sorted out. But, for record keeping they still can not close out this year without it being on the books officially.

They do not need the 2022 Budget for money. They need it for the financial files. Which is why they are being cheap about how much they will put in the 2022 Budget.

The EFSL will address "Citizens Entitlements". What are they entitled to? The Oil Contracts Kurdistan signed over to Baghdad that includes what? The HCL/Oil & Gas Law. Which is in their Constitution (Article 60/Second)

There is no budget as it stands at the current juncture that has this particular contract. Which is why Kurdistan was crying and whining about their oil shares not being included in the EFSL. Nor will it be in the 2022 Budget. Why? Because the remainder of the year is all about the concerns and vitality of the Iraqi citizens. IMO

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Samson:  Extensive praises to the Customs Authority after implementing the "Automation" system

16th June, 2022

Today, Thursday, citizens praised the work of the Customs Authority, after implementing the automation system to reduce corruption.

Citizens, via Alsumaria News, welcomed the application of the automation system in customs transactions, stressing that "this system will reduce corruption operations and facilitate the work of auditors, as well as that it will achieve financial sustainability and diversify the economy in accordance with the principle of integrity, transparency and anti-corruption."

In turn, the auditors of the Customs Authority expressed their satisfaction and welcome with this system, which would maximize revenues and reduces corruption in customs work, indicating that this system will contribute to the development of the authority's departments, improve its performance and achieve effective management.

And earlier, the General Authority of Customs announced that it had started, in cooperation with the global Scuda team of the United Nations, the introduction of an automation system for customs work, stressing that this step came to reduce corruption and facilitate the completion of auditors' transactions.

A statement from Customs, which was received by Alsumaria News, stated: Iraq recently joined more than eighty Arab and foreign countries that introduced the automation system in customs work, as the Customs Authority contracted with the international team of the Scuda project of the United Nations to launch the first phase by activating the electronic system within the authority.

The statement stated, "To maximize revenues and reduce corruption in customs work, the automation system was introduced, and one of the most important principles that the authority will work with is by including all information and data in the automation system, which is characterized by the difficulty of penetration."   LINK

Samson:  Implementation Of (40) Arrest Warrants And The Seizure Of Weapons In Maysan During The Past 24 Hours

16th June, 2022

The Maysan Police Directorate announced today, Thursday, the arrest of (40) wanted persons in criminal cases and various legal violations.

The Directorate said in a statement that among the detainees were (6) accused of terrorism, noting that the number of (7) Kalashnikov rifles, 2 hunting rifles, 1 BKC weapon, 1 RBG7 launcher weapon and 4 rocket launchers were seized. One (1) 12 mm machine gun, (1) GC rifle, and (9) Kalashnikov magazines.

She explained that the arrests of wanted persons and the seizure of weapons took place within the past 24 hours through security practices carried out by its detachments from the directorates of the investigation departments in various sectors of responsibility, with the participation of emergency police and intelligence agencies.

And she confirmed that legal measures were taken against all the accused, their arrest was fundamentally, and the weapons were referred to the competent authorities.    LINK

Sir:  IMO-ZERO HOUR is in full swing, this should be very interesting couple days.
All those files they have been talking about from time to time in previous articles. Rats will get no sleep tonight..

Some "Thursday News " From KTFA 6-16-2022

KTFA:

Clare:  FROM FRANK....I HAVE DECIDED TO DO A UB2B THURSDAY NIGHT, 6/16
ON THE NEW ATM ARTICLE   (WELL DONE SAMSON, THANK YOU)........STARTING @6PM EST 

Samson:  Parliamentary Finance comments on the decision to install contracts within the Food Security Law

16th June, 2022

Today, Thursday, the Parliamentary Finance Committee commented on the decision of the Council of Ministers yesterday regarding the confirmation of contractors within the Food Security Law.

Committee member Nazim al-Shibli said in an exclusive interview with "Mawazine News", "The allocation that was put forward in the Food Security Law was to improve the reality of the lecturers' situation and transfer them to a higher degree, as well as 315 contracts and also for contracts whose conditions are met by the stabilization mechanism to improve the economic reality for all groups."

He added, "The Food Security Law included voting on 1,000 contract degrees for each governorate, and the application of these paragraphs belongs to the Ministry of Finance for the benefit of our children."   LINK

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Samson:  Al-Sadr sets one condition before his return to the political process

15th June, 2022

On Wednesday, the leader of the Sadrist movement, Muqtada al-Sadr, set one condition before his return to the political process, indicating that he would not participate in any elections in which the "corrupt" participate.

Al-Sadr said in a meeting with deputies of the Sadrist bloc, which was held today in Al-Hanana in the Najaf governorate, "I decided to withdraw from the political process so as not to participate with the corrupt in any way." He added, "If the corrupt participate in the upcoming elections, I will not participate in them."

Al-Sadr continued, addressing the resigned Sadrist bloc deputies, "If the corrupt are removed and I participate in the upcoming elections, you will represent the Sadrist bloc again."

Earlier today, Wednesday, the leader of the Sadrist movement, Muqtada al-Sadr, held a closed meeting with representatives of the Sadrist bloc who had resigned from Parliament.

A source close to the Sadrist movement told Shafak News Agency that all the Sadrist bloc's deputies who resigned from the parliament, along with the president and members of the political body of al-Sadr's office, attended, today, to the office of Mr.  LINK

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Al-Sadr : I will not participate in the upcoming elections in the presence of the corrupt

15th June, 2022The leader of the Sadrist movement, Muqtada al-Sadr, confirmed today, Wednesday, that he will not participate in the upcoming elections in the presence of the corrupt.

Al-Sadr said during his meeting with members of the Sadrist bloc in Najaf, followed by the Iraqi News Agency (INA), that "and after welcoming you and before farewell between us and after thanking you for your positions and unity, I would like to tell you one thing, that I decided to withdraw from the political process so that I do not participate with the corrupt in any way." One of the images, neither in this world nor in the hereafter.

He added, "I want to tell you, in the upcoming elections, I will not participate in the presence of the corrupt, and this is a covenant between me and God, between me and you, and with my people, unless God relieves and removes the corrupt and everyone who plundered and stole Iraq and permitted bloodshed."

Addressing members of the Sadrist bloc, he continued, "If we participate in the corresponding elections, keep women and men on standby, and do not disperse and integrate politically, ideologically, parliamentary and legally, and communicate with the Iraqi people."   LINK

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Samson:   The World Bank warns of the impact of the delay in forming the government and approving the budget on the growth of Iraq's economy

16th June, 2022

A report issued by the World Bank warned of the impact of the delay in forming the government and approving the budget on the growth of Iraq's economy.

The report said, "Iraq is gradually emerging from the deep recession that it experienced in 2020 due to the Corona Virus (Covid-19) pandemic and the accompanying collapse in oil prices, as after a contraction of more than 11% in 2020, the Iraqi economy achieved a growth rate of 2.8% in 2021 with the easing of restrictions imposed by the Corona pandemic on movement, and this growth was supported by a strong expansion in non-oil production, especially in the services sector. He added, "With the gradual cancellation of the "OPEC +" production cuts, oil GDP also began to grow in the second half of 2021, and the rise in oil revenues prompted a surplus in public financial balances and total external balances in Iraq in 2021."

The report quoted Saroj Kumar Jha, Regional Director of the Mashreq Department at the World Bank, as saying: “Iraq has a unique opportunity to undertake urgent and wide-ranging structural reforms through 3 means: taking advantage of the fiscal space resulting from its recent sudden oil revenues, and secondly, redirecting government spending towards programs that Improving growth is critical to economic diversification and job creation, and thirdly, addressing the country’s human capital crisis.”  

The World Bank report confirms that “the current food security challenges in Iraq have intensified in the midst of the current rise in global commodity prices, while the level of local food production is below the level of demand caused by rapid population growth, and severe droughts and other climate change factors have led to exacerbate this situation, and while subsidies and direct transfers can help mitigate these negative impacts in the short term, achieving food security requires coordinated efforts to improve local food production and more efficient management of water resources.

The report pointed out that "the financial, social and economic challenges in Iraq underscore the need to accelerate the pace of much-needed macro-structural and financial reforms to remove obstacles to private sector development, increase investments in water efficiency and agri-food systems, and shift towards more sustainable sources of energy, in addition to Decarbonization of the transportation sector.

The report says, "A further delay in forming the government and approving the 2022 budget may lead to limiting the use of the country's sudden oil revenues, as the actual ceilings of the 2021 budget have been reached, and suspending the implementation of new investment projects, which may reduce economic growth." The white paper "developed by the Iraqi government remains a model and a bold blueprint for a comprehensive economic reform program towards economic diversification."

The report singles out a special chapter on the “Corona pandemic and the human capital crisis,” and says, “A child born in Iraq prior to the Corona pandemic may have a productivity of only 41% when he reaches the age of eighteen, than it would have been if he enjoyed a full education and full health, as the pandemic has affected the human capital in Iraq by negatively affecting the health of workers today and their level of economic well-being, as well as by reducing the potential productivity of the future generation in Iraq. Addressing such challenges requires taking an educational reform path to raise the level of learning and skills development among Iraqi children.   LINK

Samson:  Integrity : Prison sentences for the former governor of Babylon and the former director of the Trade Bank of Iraq

16th June, 2022

Today, Thursday, the IntegrityCommission announced the details of the sentences issued against a number of officials, noting that the sentences included imprisonment for the governor of Babylon and the former director of the Trade Bank of Iraq.

The Commission's Investigation Department stated, in a statement received by the Iraqi News Agency (INA), that "the Babylon Criminal Court - the Third Commission issued a prison sentence in absentia against the former governor of Babylon, for blackmailing and bargaining with complainants, for the purpose of disbursing their financial dues resulting from the implementation of a project to equip and install two devices (ringing). and Mefras Helwani) at Marjan Hospital in 2018.  And she added, "The court issued a seven-year prison sentence to the convict in accordance with the provisions of Resolution (160 of 1983), with an arrest and investigation order issued against him."

The department confirmed, "The Rusafa Criminal Court issued a ruling in absentia imposing a prison sentence of seven years on the former Director General of the Iraqi Trade Bank, on the issue of exaggerating the purchase price of a real estate in Basra Governorate."

The statement continued, "The Central Anti-Corruption Criminal Court issued a judgment in attendance to imprison the Director of the Legal Department of the Civil Aviation Authority, on the charge of receiving a sum of money from a director of a company, in return for performing one of his duties, and facilitating contract procedures for the complainant." That "the court decided to imprison the convict for seven years, based on resolution (160 of 1983), with the imposition of a fine of ten million dinars against him." 

And he stated that “a verdict was issued in attendance to imprison the director of the yellow maize plant located in the Al-Alam district in Salah al-Din Governorate, for seizing an amount of (57,687,000) dinars, for the value of (187.5) tons of yellow maize, noting that “the Salah al-Din Criminal Court - the Commission The second issued its decision to imprison the director of the laboratory in his presence for a period of six years in accordance with the provisions of Article 318 of the Penal Code in reference to the provisions of the subscription articles (47, 48 and 49) of it.   LINK

MilitiaMan Wednesday Night "All Lining Up and In Sync Now" 6-15-2022

 KTFA:

The industry offers the services of the Electronic Systems Company to the Central Bank of Iraq

15th June, 2022

The General Company for Electronic Systems, one of the companies of the Ministry of Industry and Minerals, discussed the frameworks of joint cooperation with the Central Bank of Iraq in the field of systems production, automation and electronic management

The General Director of the General Company for Electronic Systems, Ahmed Abdullah Najim, said in a statement carried by the Ministry of Industry that the discussions included "the company's capabilities and the services it provides," stressing "the company's readiness to provide its services to the Central Bank of Iraq in a number of areas, including systems production, automation and electronic management, which aims to preserve Scientifically correct information and documents and eliminating red tape

He pointed out that "the company's readiness to provide all forms of technical support and capabilities necessary to meet the requirements of the Central Bank of Iraq     LINK

MilitiaMan:  Sounds like they are ready and willing to be of service for electronic management. Having there support once the automation is released will be beneficial for the CBI. Hands on support is a sign of readiness.  Looking forward to them being successful. The new exchange rate will need all the support it can get. There is plenty forms of support... ~ imo ~ MM

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Samson:  The Governor of the Central Bank of Iraq receives the President of the Union of Arab Banks 

15th June, 2022

His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mukhaif, received the President of the Union of Arab Banks, Mr. Wissam Fattouh, at the headquarters of the Central Bank in Baghdad.
 
The two sides discussed ways to support the Iraqi banking sector, and mechanisms of cooperation in the field of banking services within its Arab regional sphere.  

The meeting took place in the presence of the President of the Association of Iraqi Private Banks.

Central Bank of Iraq
Media Office   June 15, 2022  LINK

MilitiaMan:  Another article that supports readiness for change to come. Timely meeting I would say. Have the Union of Arab Bankers and local Private Banks all sitting done with the CBI and talking support and cooperation.. Things like this should make everyone feel fairly confident now that there is more going on and quickly now. The ATMS with currency recycling abilities is not lost here.. That too is part of the support for the White Papers reforms.. All lining up and in sync now from the looks of it.. imo ~ MM

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Samson:  Deputies of the Sadrist bloc flock to Al-Hananah in Najaf to meet with Al-Sadr

15th June, 2022

Today, Wednesday, a well-informed source said that the Sadrist bloc's deputies have flocked to Al-Hanana in Najaf governorate to meet with the leader of the Sadrist movement, Muqtada Al-Sadr.

The source said in an exclusive statement to (Baghdad Today) that "Deputies of the Sadrist bloc began to arrive in the Hanana area in Najaf governorate to meet with the leader of the Sadrist movement, Muqtada al-Sadr".

He added that "this meeting is the first for al-Sadr with his bloc's deputies after submitting their resignations from the Iraqi parliament".

The leader of the Sadrist movement, Muqtada al-Sadr, had called the representatives of the Sadrist bloc and the leaders of the movement for an urgent meeting, in Al-Hanana in the city of Najaf, to discuss the latest developments in the Iraqi political scene.   LINK

MilitiaMan:   Well they arrived to hear what aL-Sadr had to say.. He is standing by his resignations and not going to go with the corrupt.. It says the matter has been resolved..

Today was the last day for them to get the GOI sorted and third failure in a row.

The 40 day line, the 15 day line and todays was the third deadline for 30 days. Now we watch and see what they have to say next. Are they going to tell us they have given more power to the PM and will they subsequently dissolve parliament which would keep the present PM and President in place. We shall see, as they latter two are constitutional..

Fairly sure Sadr knows what he is done and has done. All if for the citizens.. I like it..  imo  ~ MM

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Najaf - Mawazine News

On Wednesday, the resigned Parliamentary Sadrist bloc issued its first comment after meeting with the movement's leader Muqtada al-Sadr in al-Hanana.

And the resigned MP from the Sadrist bloc, Haider Madi, said in a tweet via Twitter, which was followed by / Mawazine News /: "There is no going back with the corrupt, and the matter has been resolved."

Earlier today, Wednesday, the leader of the Sadrist movement, Muqtada al-Sadr, held a group prayer for representatives of the Sadrist bloc, who submitted their resignations from the House of Representatives.

According to a source told "Mawazine News", al-Sadr will hold a meeting with deputies of the Sadrist bloc to discuss the political situation and its developments after the representatives submitted their resignation. Ended 29/R77

https://www.mawazin.net/Details.aspx?jimare=196568

KTFA Members "News and Views on New ATM's and More" 6-15-2022

Samson:  Diebold Nixdorf deploys new ATMs in Iraq

15th June, 2022

Diebold Nixdorf has announced that Al Qurtas Islamic Bank is the first to deploy its DN Series ATMs in Iraq.

The bank's ATMs will be monitored by Vynamic View software to detect and prevent downtime, optimize performance and reduce costs for the bank.

Sara Ahmad, chief executive officer at Al Qurtas Islamic Bank, said:

"We are proud to be the first financial institution in Iraq to deploy the new ATM technology and look forward to providing innovative services to our customers."

Habib Hanna, managing director, Middle East, at Diebold Nixdorf said:

"We are thrilled that Al Qurtas Islmaic Bank chose to install DN Series as its first ATMs."

The project services and implementation are being provided by Offtec Iraq.  LINK

BearCinnebar:  IMO.  Just as we have been told with the KTFA Call and Walkingstick, the ATM machine articles are now here:  Amazing new technology:

https://www.dieboldnixdorf.com/en-us/banking/portfolio/dn-series/

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Samson:  Al Qurtas Islamic Bank taps Diebold Nixdorf to deploy ATMs in Iraq

13th June, 2022

Al Qurtas Islamic Bank has selected US-based technology company Diebold Nixdorf to deploy DN Series ATMs in Iraq.

Al Qurtas Islamic Bank, which is among the fastest-growing banks in Iraq, will leverage DN Series ATM’s scalable design, consistent software and common components to achieve this feat, Diebold Nixdorf said.

As part of the partnership, Vynamic View software will be used to monitor the Iraqi bank’s ATMs to detect and prevent downtime, optimise performance and cut costs for the lender.

 Diebold Nixdorf noted that the ATMs are equipped with security features to offer protection against traditional and new physical, data and cyber threats.
Additionally, it features a 19-inch touch display, check deposit module and cash recycling features, enabling ATMs to accept, validate, store, and recirculate cash.

 Al Qurtas Islamic Bank CEO Sara Ahmad said: “We are proud to be the first financial institution in Iraq to deploy the new ATM technology and look forward to providing innovative services to our customers.
“The new devices are already getting our customers’ attention, and in our next phase, the ATM’s integrated cash recycling capabilities will enable us to optimize cash handling and provide our customers with innovative technology that improves their banking experience.”   

Diebold Nixdorf managing director for Middle East Habib Hanna said: “We are thrilled that Al Qurtas Islmaic Bank chose to install DN Series as its first ATMs. They can now provide many additional services to achieve customer satisfaction and continue to be a leader in the region.”

 In May 2021, First Citizens National Bank chose Diebold Nixdorf for cloud-enabled self-service options in its branches.    LINK

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DeepWoodz:  imo   Can I getta yeehaw! Thank you Frank very much! And wouldn’t you know that Diebold is out of North Canton, Ohio?! Haha I’ve seen that name on equipment personally. 

PS….I really like this. 

“and in our next phase, the ATM’s integrated cash recycling capabilities”

Out with the old, in with the…..wait
In with the old, and out with the new!

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Tivon: Lol, I swear someone in Iraq government is reading these forums. I thought this was cleared up yesterday.(See articles below)   8 more days until it becomes law by default right friends? Anyway guys look at the ATM article. Why are you getting this now? We all listened to Frank's call. We all are privy to the Gazette publication. They want to address the urgent needs of the public. Citizens Entitlements? Does this fall under the urgent category? Seems to be the case since they are deploying the ATMs.

What are those contracts addressing? Gas, fuel, and energy, right? Which should include the HCL/Oil & Gas sector. I mean they are hiring in the Ministry of Oil correct? They did say the FSL stabilizes All Contracts & Procedures right? How do they plan on improving their standard of living without purchasing power?

Why even roll out the ATMs if citizens will have no reason to use them if their standard of living would not be addressed in the FSL.

I am just running these questions by you all to check the temperature of the room.  If you read my post all the way up until this point you understand where we are at. Because didn't Nouri Jassim state  that the exchange rate of the Iraqi dinar against the dollar should be 100 thousand Iraqi dinars for 100 US dollars, and thought this was fairness to the Iraqi citizen, to give them something of interest, vitality and well-being, because they suffered  from instability and psychological, social and economic discomfort.

 The International Monetary Fund, the World Bank, the World Food Program of the United Nations and the World Trade Organization  sounded the alarm and issued warnings of food shortages and called on the international community for urgent financing measures, and Iraq promised to Countries most at risk.

Again, how else would they address this issue? The House of Representatives assessed the criticality of the financial situation and the need to provide the necessary funding to address basic expenses and aspects that directly affect the livelihood of the citizen and the food basket, support for strategic storage and the poor classes, in addition to paying the dues of farmers and farmers in order to support the local product and reduce dependence on imports and support development projects In all governorates, providing job opportunities, revitalizing the economy, and finding ways to quickly address the proposal by presenting the emergency support law for food security and development.

This is the sole purpose why they created the EFSL.  (Emergency Food Security Law)

Again, I ask you all how can they do this without giving the citizens purchasing power? Which needs a rate correct? Does the recent news of the ATMs have anything to do with this? IMO 

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Parliamentary legal sets the date for the entry into force of "food security" and clarifies about the confirmation of contracts

15th June, 2022

The Parliamentary Legal Committee confirmed, today, Wednesday, that the Food Security Law addresses emergency issues, while noting that the implementation of the paragraphs of contracts and daily procedure is entrusted to the executive authority. 

The head of the Legal Committee, Muhammad Anouz, told the Iraqi News Agency (INA), that "Paragraph 315 contracts and the daily procedure are established within the Food Security Law, and the implementation process is entrusted to the executive authority."

He added, "The number of contracts is large, and the amounts allocated in the law may be insufficient, as happened in the 2021 budget, which did not include everyone," noting that "the Food Security Law will address urgent and not permanent issues, but the budget law will address all matters." 

He pointed out, "The implementation of the Food Security Law will be after the approval of the President of the Republic and its publication in the Official Gazette," noting that "the funds are supposed to be released to the authorities that have been set on schedules within the law after publication in the Official Gazette." 

He pointed out that "there are important issues that do not bear the delay in disbursing money, such as the payment of electricity debts, the ration card, and other aspects related to contracts and lecturers," explaining that "every executive employee should realize the importance of these issues related to the citizen and prepare as long as there is sufficient time to know the implementation mechanisms and the instructions that it should be issued in this regard.” 

Yesterday, Tuesday, Prime Minister Mustafa Al-Kazemi directed all ministries and agencies not associated with a ministry to expedite the preparation of an inventory of the names of contractors who have contract service of no less than two years in preparation for their confirmation, while the Council of Ministers issued decisions regarding contracts and daily procedure.

A statement issued by the Prime Minister’s Media Office, received by the Iraqi News Agency (INA), said, “Al-Kazemi stipulated in the above directive to ensure the availability of the necessary financial allocations without requesting additional financial allocations, in fairness to the segment of contracts and daily procedure, and for the purpose of improving their standard of living and calculating their services.”

The Council of Ministers approved calculating the daily wage service for daily wage earners in accordance with the provisions of Article (5) of Labor Law No. (37) for the year 2015, which authorized the calculation of the worker’s service for the purposes of determining salary and retirement in the event that it is fixed on the permanent owner, provided that pension contributions are met, in coordination with the Ministry of Finance, and the Federal Public Service Council.

The Council affirmed the suspension of appointment as a contract or daily wage in a way that does not contradict the law of emergency support for food security and development, which the House of Representatives recently voted on.

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Parliamentary Legal: The number of contracts is large, and the emergency support amounts may be insufficient  LINK

Some "Wednesday Iraq News" posted by Samson at KTFA 6-15-2022

KTFA:

Samson:  The Governor of the Central Bank of Iraq receives the President of the Union of Arab Banks 

15th June, 2022

His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mukhaif, received the President of the Union of Arab Banks, Mr. Wissam Fattouh, at the headquarters of the Central Bank in Baghdad.

The two sides discussed ways to support the Iraqi banking sector, and mechanisms of cooperation in the field of banking services within its Arab regional sphere.  

The meeting took place in the presence of the President of the Association of Iraqi Private Banks.

Central Bank of Iraq
Media Office   June 15, 2022   LINK

Samson:  Al-Fateh Alliance Confirms .. The 2022 Budget Will Be Passed After The Formation Of The New Government

15th June, 2022

The representative of the Al-Fateh Alliance, Suhaila Al-Sultani, explained that the 2022 budget will be passed after the formation of the new government, pointing out that the country's situation needs to speed up resolving matters, forming the government and passing the budget.

Al-Sultani said in a press statement, which was monitored by The Independent, that "the general budget for 2022 did not witness parliamentary moves in the past days before the start of the legislative recess for the House of Representatives, as the moves were mostly towards passing the Food Security Law."

She added that "the entirety of the political parties and the House of Representatives are awaiting the formation of the new government, which, after taking power, will witness presenting the budget in order to read and vote on it under the dome of Parliament."

Al-Sultani indicated, "The current situation cannot be continued, as the country needs to expedite the formation of the government, at a time when the political process witnessed many changes after the resignation of the Sadrist bloc from the House of Representatives."   LINK

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Samson:  Parliament: The Silk Road And The Port Of Faw Will Make Iraq A Gateway To Global Investment

14th June, 2022

Tuesday, the representative of Basra Governorate, Rafiq Hashem, considered the completion of the Grand Faw port project and joining the Silk Road project, as two essential pillars in maximizing the national economy by attracting foreign investment to Iraq.

Hashem said in a statement to the "Information Agency", that "the Great Mina Al-Faw project and the Silk Road are among the basic and central priorities facing the work of the next government because of their positive impact on the economic reality throughout Iraq."

He added, "The Chinese Silk Road and the Great Port of Faw project will make Iraq a gateway to foreign investments and the focus of attention of the countries of the world."

Hashem pointed out that "the Al-Faw port project will revive the Iraqi economy through the financial revenues generated from trade exchange between the countries of the East and West."

Experts consider the great port of Al-Faw, which is located in the Ras Al-Bishah area in the province of Basra, a qualitative leap in its geopolitical importance to link Iraq with the world by restoring the importance of the linking site between East and West.   LINK

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Samson:  Kurdistan returns more than one billion dinars from double salaries to the treasury

15th June, 2022

The Kurdistan Regional Government announced today, Wednesday, the return of more than two billion Iraqi dinars to the region's budget after reaching a solution to the "double-salary issue", and while it indicated that it had organized the preparation and salaries of the Peshmerga forces, it confirmed its intention to establish a bank that would be linked to the Central Bank of Iraq.

The spokesman for the Kurdistan Regional Government, Gutiar Adel, said in a press conference held today, in Erbil, and followed by Shafak News Agency, that "the cabinet meeting today, and within the current reform steps, dealt with reaching the presence of about 23 thousand people with double salaries, who receive Two salaries, the situation was resolved and more than one billion Iraqi dinars returned to the budget.”

Adel added, "The files of (1018) martyrs who fell in the battles against ISIS were also transferred to the Ministry of Martyrs, so that their families receive pension salaries, and 19 billion Iraqi dinars have been allocated as tuition fees for the families of the martyrs and political prisoners."

And the government spokesman added, "The number of Peshmerga forces and their salaries have been organized, as their number has reached 57 thousand after it was 43 thousand people, and we are in the process of building a bank in the name of Nishtiman Bank and it will be linked to the Central Bank of Iraq."

And yesterday, Tuesday, the Finance Committee of the Parliament of the Kurdistan Region reported that the salaries of thousands of people who receive more than one salary illegally have been cut off.

According to the deputy head of the committee, Hevidar Ahmed, 984 people were registered as martyrs and were receiving the salaries of the martyrs, and they were distributed among the provinces of the region, with 274 people in Erbil, 618 in Sulaymaniyah, and 119 in Dohuk.

Ahmed added that 4,189 people were receiving two salaries, and among them were those who were receiving two pension salaries, and among them were also those who were receiving two salaries as employees, indicating that 254 people were receiving salaries as ministerial agents, governors, deputy governors, general managers, governors and district managers, while they were not They have a place to work, pointing out at the same time that nearly 20 billion dinars were spent for the tuition fees of the martyrs' children.  LINK

Samson:  Revealed "diabolical methods" of currency smuggling and money laundering in Iraq

06/14/2022 23:46:27

 The economic expert, Qusai Safwan, revealed methods he described as "satanic" in currency smuggling and money laundering in Iraq.

  Safwan said; For the program {Al-Mastra} broadcast by Al-Furat satellite channel tonight: “There is individual corruption on a moral level, and there are companies that are established to smuggle money. They started investing in real estate to launder money."

He added, "Some companies change the gender of the goods, inflate prices and contribute to currency smuggling outside Iraq, and the Ministry of Planning should set an import mechanism according to general needs."

Safwan pointed to "the necessity of coordinating the relationship between the needs of Iraqis, import licenses and the currency sale window, and checking the transaction from the economic annex to reduce the phenomenon of currency smuggling, and to set a list of white companies to deal with, because there are companies established for money laundering." 

And he stated, "There are companies working on money laundering and employees manipulating customer accounts, and government banking products do not exceed 15%. Financial transactions must be moved by eliminating the corrupt dinar, which in turn will lead to the organization of the currency auction and requires banks to investigate the customers' money. The banking system is responsible for knowledge".

Safwan noted, "Billions of stolen money are changed in gender and re-entered into Iraq by international mafias," adding, "Iraqi banks are strictly under the control of the Central Bank, but it is not responsible for checking bank bills."

He announced "67 private Islamic and commercial banks in Iraq in which the process of evading responsibility is practiced and they are subject to the authority of the Central Bank of Iraq. As for most of the agricultural initiative's money, it went to real estate investments," pointing out "

Regarding the criteria for loans and the interest imposed on them, Safwan explained, “The debt burden is high in the Iraqi environment, as there is 30% of the banks’ liquidity with the Central Bank of Iraq to guarantee deposits, and 70% of the banks’ liquidity is not allowed to be invested due to complications, so the interest on loans rises, and the current inflation rate In Iraq, it reached 8%. LINK

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Samson:  Integrity: We carried out 54 seizures in May

15th June, 2022

The Commission's Investigation Department disclosed the total of the seizures carried out by its directorates and investigation offices during the month of May, noting that it carried out 54 seizures in Baghdad and the governorates, which resulted in the arrest of 30 suspects.

In a statement received by Mawazine News, the department stated that "the work team of the Commission's investigation office in Diwaniyah seized an agricultural contract that has not been renewed since 1990, in addition to the failure of the Agricultural Division in the area where the property has an area of ​​3,952 acres to take legal measures against violators.

Termination of the contract and preventing them from using it without legal basis,” pointing out that “the rent allowances were not collected and several circulars were issued to terminate the contract, but they were not implemented.”

And the department added, "The Nineveh Investigation Directorate seized cases of the seizure of state-owned lands that were cut up and sold in violation of the controls and without obtaining the approval of the concerned authorities," while it revealed "the non-use of medical devices that the Najaf Health Department purchased from Spain for an amount of (1,140,000,000) billion dinars." She explained that "the equipment is left behind, despite the training of the cadre in the country of origin."

And she confirmed that "the work team of the Karbala Investigation Office seized suspicion of fraud in the investment license granted to the Karbala Canning Company and one of the contracting companies," noting that "the value of wasting public money amounted to (21,185,995,200) billion dinars."

And she continued, "In Diyala Governorate, (8) transactions were seized in the Directorate of Baqubah Municipality, due to the employees selling them at a price less than the real value," noting that "the sale process took place in accordance with Law No. (25 of 2013), in addition to the arrest of accused and (16). A file for shops, kiosks and squares that are used by people and whose rents are collected in agreement with employees in the municipality of Baquba, despite its closed markings, on the pretext that there is no desire to rent, contrary to reality. 

And she indicated that "in Kirkuk governorate, suspects were arrested for embezzling an amount of (100,000,000) million dinars from the agricultural bank in Hawija, as well as the priorities of the project to restore the veterinary clinic building in Al-Multaqa district, due to suspicion of corruption."  LINK

More From Tivon and KTFA Members Tuesday PM 6-14-2022

KTFA:

Samson:  Oil prices touch $125 a barrel

14th June, 2022

Global oil prices witnessed, on Tuesday, a rise of more than two dollars per barrel.

Brent crude futures reached $124.95 per barrel on Tuesday afternoon, while US crude reached $123.51.

LINK

Samson:  Iraq adopts the price of $90 per barrel of oil in the 2022 budget

14th June, 2022

The Ministry of Finance announced that the draft budget law for the year 2022 includes securing 51 trillion dinars to finance ongoing and new projects, confirming the adoption of the price of a barrel of oil at $90 a barrel in the budget

The Undersecretary of the Ministry of Finance, Taif Sami, said in an interview during the spring conference organized by the Iraqi-British Business Council in London, and followed by "Economy News", that "the draft budget law for the year 2022 includes securing 51 trillion dinars to finance ongoing and new projects, covered from the public treasury as a result of the rise in oil prices, including 10 trillion dinars through foreign loans

She added, "The price of a barrel of oil will be approved in the budget at $90," stressing that "the white paper included reforming government banks through general structuring and governance, applying the comprehensive system and amending the internal system, and the project has now reached the State Council  LINK

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DeepWoodz:  Imo  Re-cap that goes with article 104…

The technical advisor to the Prime Minister, Haitham al-Jubouri, announced, on Friday, the readiness of the government to send the budget for the year 2022 if the House of Representatives requests it.

 Al-Jubouri said, “The government is ready to complete the draft budget, which takes two weeks in the Council of Ministers to complete and present it to the Legal Committee in the General Secretariat of the Council of Ministers and the Council of Ministers.” 

 Allawi…

 Allawi commented on the budget law saying that "the law (2022 Budget)  represents the state's economic and investment vision as it addresses future issues as well as operational aspects and cannot be compensated by the emergency support law," pointing out that "the economic outlook in which the government deals according to the budget law for the year 2021 and cannot be continued because our vision differs for 2022."

"The general budget for 2022 was prepared by the Ministry of Finance last March, according to calculating the price of a barrel of oil at $60, with a total amount of up to 150 trillion, as it may include a small part of the borrowing," he added, noting that "there are amendments that will be made to the law according to recent changes and the rise in oil prices."

Saleh….

He stressed that "The oversight task of the parliament in this regard will be a little arduous in following up on the completion of the country's final accounts for the years 2013-2021, but it will certainly be fruitful." 

According to Saleh, the final accounts should accompany the new budget. 

So close! God bless KTFA!

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Tivon:  The 2022 General Budget of course is for "New Projects". The Food Security Law" is for stalled ongoing projects that was never spent in the 2021 Budget as the Final Article Thread 1601 addressed.

That's why they also stated that the 2021 budget was supposed to raise the value of the dinar. Sense it didn't they will just use the FSL to and whatever money is left over in the FSL will also be put in the 2022/2023 budget.

Remember  keep in mind why the FSL was created. It was not to replace yearly standard budgets as Saleh stated as a temporary compensatory budgets for things the citizens have been asking for which is "Purchasing Power".

Again, I explained this multiple times. If they approve the budget. It will not be for any financing because they already took all the money out of the 2021 Budget and put it in the FSL. So they can basically start 2023 off with a fresh canvas even if the 2022 budget gets approved on the last day of December.

They can just transfer all the funds (51 Trillion) from the 2022 Budget and put it in the 2023 Budget. That's why Mazhar Muhammad Saleh stated that a late 2022 Budget is better than one not being approved. I agree with that.

They don't even want to put all the money that would have (100 Trillion+) in the 2022 Budget because the year is almost over. So they being cheap for this year. The 2023 budget is a different story. IMO

Just using common sense here. If they said the 2021 Budget (Final Article 1601) was supposed to "Raise The Value of The Dinar" and that they will empty the 2021 Budget and put all the money in the "Food Security Law" what do you think the FSL will do for the Dinar if Mazhar Muhammad Saleh stated it will move the wheel of the economy? Raise The Value of The Dinar right? Keep in mind that the Oil & Gas Law is in the FSL. What's makes up 90% of Iraqs revenue? Oil. IMO

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Popeye7:  Imo, yeah buddy Tivon... It would seem the raising of the rate would allow for the FSL to go further because of the increase in value of the dinar... This seems to be working out beautifully.. Quick question I ask earlier... Does President Salih have to sign the FSL before it appears in the Gazette, or will it just suddenly appear within it?... Does President Saleh have the authorization to sign it since he is a "caretaker" president?...

Tivon:  To my knowledge if it's going into the Gazette I would think any signatures would be signed on to it prior to it being published and not after. That doesn't make one iota of sense in my opinion. Why even announce that it's going into that particular publication if every signature that was needed wasn't already on it. We would have heard something by now from those like Hakim Al-Zamili when he said he would follow up with the "Relevant Authorities" to ensure the funds are allocated to the right sectors of the economy. I mean the FSL is not being published in "Time Magazine". We are talking about a government sponsored law here. IMO.

DayTrader:  Tivon is correct IMO.  The pertinent Articles in their Constitution are Article 73, Third Paragraph and Article 129.

Article 73:
The President of the Republic shall assume the following powers:

Third: To ratify and issue the laws enacted by the Council of Representatives. Such
laws are considered ratified after fifteen days from the date of receipt by the
President.

Article 129:
Laws shall be published in the Official Gazette and shall take effect on the date of their
publication, unless stipulated otherwise.

Since a law takes effect on the date of its publication, it would have to be ratified prior to being posted in the Gazette.    All IMO.

Zeeman:  just a quick comment imo. remember what frank always said in the end their will be confusion and we have it now

DeepWoodz:  Imo   Interesting tidbit from the 2021 budget law. 

“C- Banks must open windows to replace the damaged and damaged banknotes to the public and deliver them to this bank and its branches. And promoting the circulation of banknotes of small denominations”

Come on with it!

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Samson:  Al-Hayani: Avoiding Street Pressure Depends On Forming A Government That Meets The Aspirations Of The People

14th June, 2022

A member of the Al-Fateh Alliance, Mahmoud Al-Hayani, stressed that avoiding inflaming and pressure in the street depends on forming a government that meets the aspirations and desires of the people, pointing out that the solution to the current crisis needs to sit at the dialogue table between the political parties to agree on forming the government.

Al-Hayani told Al-Maalouma, "The street is awaiting the formation of the government, and if it fails, it will certainly come out against it because it did not meet its aspirations and demands, which are expected to be implemented by the new government."

He added that "Al-Sadr went towards forming a majority government and did not succeed in forming it, which prompted him to go towards the opposition, which necessitates the other parties to form a government that meets the aspirations of the street."

And he indicated that "the positions of the sovereignty and the Democratic Party are still unclear about the followers of the Sadrist bloc in resigning or agreeing with other parties regarding proceeding with the formation of the government, as it is likely that they will not go towards the opposition and resign from Parliament."

He stressed that "the solution to the current crisis needs to sit at the dialogue table between all parties in order to reach clear visions on which all would agree to go towards forming the new government." 

  LINK

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Tivon:  Guys when they say the government needs to meet the aspirations of the people they are talking about an ideal general hope or ambition that goes beyond the current year. The reason it is a crisis is because it has been 7 months. Not because the needs of the Iraqi people can not be met now as the issue stands today.

That's why when they do form the government it will be one one accord that will meet the broader aspirations that can be resolved in one or five years. Especially when we talk about education in Iraq. Which is something that can not be a quick fix like food can for the current year when you talk about the ration cards.

So while discussions take place they have plans in mind that go well beyond the life cycle of the FSL or standard budget which is also just for a year for book keeping. Not to mention investment which goes beyond the current year and not just money but creative endeavors.

Money only goes so far. It's about cultivating a new Iraq that is a premier country like the West. This would be considered a aspiration. This will take time.

That's why Mazhar Muhammad Saleh stated even though the wheels of the economy can be moved with the FSL, it can not sustain one beyond the current year. But at least it can get things going. Which is what we want.

Especially regarding the imminent purchasing power. Iran just told everyone what they are about to do with their currency. You think Iraq will just sit idly by while the Iranian Rial is performing in the currency market appreciating in value without reinstating prior or right after when they also have the means to do it now thanks to the FSL?

C'mon people. The House of Representatives, The Council of Ministers, and the President of the Republic can address this now from what Nouri Jassim suggested some days ago. Not a pending decision based on a government that's not even seated yet. IMO

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Samson:  Digital Media announces the joining of the first Iraqi technical team to the International Facts Network

14th June, 2022

Digital Media Center: The International Fact-Finding Network includes for its membership the first Iraqi technical team

The #Digital_Media_Center (DMC) confirmed that the accreditation of the "Technology for Peace" organization by the International Fact-Finding Network (IFCN) and its joining it, is a great Iraqi achievement that all organizations in Iraq should be proud of. 

The Center indicated that "Al-Taqnia" is the first Iraqi organization and the fourth in the Middle East and North Africa to join the fact-finding network of the Poynter Institute for Studies and Media, which is located in Florida.

The Center indicated that the International Fact-Finding Network has 147 members around the world, and with the entry of technology into it, it becomes the 148th member, all of which work in the context of confronting lies and fake news on social media and presenting the truth to the user.

In a special statement to the center, the founder of Technology for Peace and its current president, Aws Al-Saadi, confirmed that joining the international network is very important for us, our followers, and the course of our work. Our work mechanism, as well as all our policies, including (methodology - privacy - transparency - correction - sources).

Al Saadi added; Before we joined the network, there were three Arab institutions, namely (Maharat Foundation from Lebanon - Find out from Jordan - Make sure from Syria) and thus (Technology for Peace) was the first Iraqi organization and the fourth Arab organization.

Regarding the conditions for joining, Al-Saadi affirms a number of rules that must be adhered to, namely; 

1. Commitment to impartiality and credibility.
2. Commitment to the transparency of the sources.
3. Commitment to transparent funding and regulation.
4. Commitment to transparent verification methodology.
5. Adhere to the correction policy.

With regard to the relationship of this achievement to coordinating efforts to combat false news and disinformation in major companies and platforms, Al-Saadi explains; Meta Company (formerly Facebook) has partnerships with institutions as a third partner, and in order to partner with such major platforms, there is a prerequisite that the institution is accredited by the International Fact-Finding Network.

The Digital Media Center (DMC) stresses that this achievement was achieved through young Iraqi skills embodied in the Technology for Peace team who were, and still are, working in a continuous effort to reveal the facts and expose the forgeries and lies in the social media platforms in Iraq.

It is noteworthy that the Digital Media Center is an independent center specialized in monitoring and analyzing the phenomena of the digital world and its various platforms, as well as anticipating the transformations of this world and tracking its news.

Digital Media Center DMC 
Tuesday 14 May 2022    LINK

Tivon:  Guys, you are witnessing the end of propaganda in Iraq. This is how it will be done. Why? Because the FSL is designed to weed out corruption this year and ongoing into infinity. All you have to do is look at how "The Tax Authority" completed a program that reduces corruption by 100% in the currency sale window for Private Banks. How Iraq has outlawed working for foreign Zionist entities who do not even live in Iraq but have more power than the political figures that do. This is what the FSL is doing right now. Do you see why it came under constant attacks? Because corrupt politicians, bankers, economists, celebrities, (In Iraq) are all up to be brought up on charges for many crimes. IMO

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Samson:  Including ministerial agents and governors.. Thousands of double-salaries were arrested in Kurdistan

14th June, 2022

A member of the Parliament of Kurdistan Region stated today, Tuesday, that the salaries of thousands of people who receive more than one salary illegally have been cut.  LINK

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Popeye7:  Imo, this is big... The cleansing continues in order to make way for the new Iraq... Thanks again Samson, and God bless you..

Tivon:  Now do you all see why they kept whining about the FSL? Look at what is happening since this law was being voted on. Those Private Banks are implementing procedures where identification numbers instead of names are being used to distinguish perpetrators from employees or unemployed. It's so much easier to catch them now. Why? Policies legislated under the guise of "Food Security" to ensure "Security & Transparency". They will have corruption under complete control before the year is out. IMO

KTFA Members "News and Views" Tuesday 6-14-2022

KTFA:

Fieldboss7:  Is there any truth to sadrists resigning thier positions in parliament?  If so, isn't that a bad thing for us as investors?  

Tivon:  Al-Sadr, done his job. He got the Criminalizing Normalization Law done. He got the "Emergency Food Security Law" done. He got the Kurdistan Regional Oil & Gas Law signed over to Baghdad done. What more do you want from the man? You should be focusing on Al-Kazemi and his team. He is next up to bat. You all grow attached to the wrong people. Let them exit stage left as their role is no longer needed. Train yourself to focus on pertinent things that help you understand your investment. Al-Sadr is not one of them at this stage. If he went missing never to return for whatever reason would not make one dent in this investment. The FSL was specifically created to prolong the Al-Kazemi government, not Sadr! Look for what happens once the FSL is published in the Gazette. Imo  

Popeye7:  Imo, I concur completely with your assessment of the situation Tivon, and the position we are currently in at the moment... What I also find entertaining is those opposed to the change that is about to transpire flailing at the wind... Let's see what occurs as this week progress's, and with the Gazette coming out on Wednesday, and Saturday... Still have not heard anything concerning the president of Iraq's signature on the FSL... Is that necessary, and if so, that would certainly seem to be news worthy... Thanks again for your analysis, and commentary... God bless..

Tivon:  The "Food Security Law" is going into the Gazette to maintain the Al-Kazemi government. The entire strategy surrounding the approval of the FSL was to get around the political blockage. Guess what? They accomplished that resoundingly. Guess what they did it without? A seated government and a 2022 Budget. Why is this relevant to you?

I stopped following the political debacle as soon as the final vote came in for the FSL. Why? Because during that time all the contracts for the HCL/Oil & Gas was signed over to Baghdad. Which means we no longer have to wait for any approval of any shares (In The Budget) for Kurdistan before they decide to play ball so we can breath a sigh of relief and say thank God'... now all we need is the exchange rate now that they (Kurds) signed off on their 60% in the general budget.

Have you noticed Al-Sadr, Hakim Al-Zamili, or Mazhar Saleh, are not even commenting about how the pending formation of the government has any bearing on the reinstatement of the Iraqi Dinar?. Ask yourself why are the professionals in this field not sharing your sentiments about the political impasse and how it's bad for us?

The seated government you are waiting for is already staring you in the face. This is your government for the remainder of the year. Understand? The seated GOI you are waiting for is going to come after you exchange. Why? Because the FSL is designed and created to activate All Contracts & Procedures" to move the "Wheel of The Economy" that was announced by Mazhar Muhammad Saleh (Financial Advisor).

 How do you guys constantly miss the most monumental articles that is not even a week old yet? The FSL is specifically intended to clean out corruption (This Year) so they can start a new year with a E-Goverment that will come with a standard general budget where the FSL will no longer be necessary because the citizens will have purchasing power prior to 2023.

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Expert : The Food Security Law Prolongs The Al-Kazemi Government If One Condition Is Met

10th June, 2022

Political analyst, Dr. Muhammad Nanaa, confirmed today, Friday, that the food security law does not represent a substitute for the budget law, but it could represent a mini budget for the remainder of 2022.

Nanaa said, in a statement to the “National News Center” that “emergency support is not a substitute for the budget because it does not address all the chapters included in the budget, but rather it is a temporary law and is suitable as a mini budget for the remainder of the current year only, provided that it approves next year a general budget for 2023 it addresses the gaps left by the current period.”

And he continued, "The support law can contribute to prolonging the political negotiations and giving the government of Mustafa Al-Kazemi a longer period, because the political pressures will also be less."  

Definition of E-Government E-Government refers to the use by government agencies of information and communication technologies (ICT) that have the ability to transform relations with citizens, businesses, government employees, and other arms of government in the delivery of services. For The World Bank, it is the use of ICT to improve the efficiency, effectiveness, transparency, and accountability of government [2]. There are different uses and advantages of E-Government and this requires many tools to achieve it such as ICT, the internet and mobile computing.

 Tivon:  Opinion: Ask yourself what financial institutions are responsible for the Food Security Law? The IMF. US Treasury. And World Bank. This is who are supporting the current Al-Kazemi government. Not the government that has yet to be decided. This is about the current stage. Not some far off political discourse over who will be elected.

They want to address the needs and entitlements of the Iraqi citizens now. That is why they called it "Emergency Food Security Law". They didn't name it "Pending Favor Undecided Law".

Isn't it created to deliver services? What did the Tax Authority announce last week? That they completed a program to reduce corruption at the Currency Sale Window by 100%. Guessing where most of the corruption was happening at? The Private Banks.

What did the government of the CBI do when he went to visit those Private Banks? To make sure they are implementing Instructions & Procedures correct?

Would these be the same stipulated policy that the Tax Authority stated would fix corruption at these PBs? You do know this program is apart of the E-Goverment right? Which falls under what? The FSL. Why? Because it stabilizes "All Contracts & Procedures".

Tivon and KTFA Members "News and Views Monday PM 6-13-2022

KTFA:

Clare:  THERE WILL BE NO CC TONIGHT......
FRANK IS VERY SICK FROM THE LAST CHEMO TREATMENT...

PLEASE CONTINUE TO KEEP FRANK & TINK IN YOUR PRAYERS......

THANK YOU & GOD BLESS YOU ALL 

Tivon:  Binance, Celsius, Bitfinex, Coinbase, and other Crypto Platforms have all halted withdrawals on exchanges. Why? Because the Stocks are crashing in front of your eyes. Now new systems can be put into place once the smoke clears. IMO  

Henig:  IMO the greedy slimeballs who shorted the entire market are about to reap what they've sown. Right around a metric TON of stocks are shorted with overleveraged funds, and a whole bunch of them are set up for wicked gamma squeezes at the very least, and outright short squeezes much more likely.

IMO, they don't have the liquidity to keep shorting them, so they're using crypto as their piggy bank--and right now they're pulling all the liquidity they can get, which is why there's an entire basket of crypto showing the exact same price curve as BTC.

With most of the market crashing like this, IMO we'll hit a tipping point at which the institutions who are shorting will get margin calls, and EVERYTHING will accelerate--and instead of a gradual drop, we'll get a drop like a falling knife.

IMO, the miscreants who've been "naked shorting" by using counterfeit shares will have to be dealt with before we add more liquidity into the system with the RI, or they'll do it all again. Unless, of course, they put everything on blockchain like they say they will--QFS.

I pray that's how it goes. QFS at the same time as the RI.

Tivon:  You said it all. I have nothing else to add. You are spot on. Blackrock, Vanguard, Tether/Bitcoin are all about to be taken down. The Wall Street Casino is coming to an end. IMO. 

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Samson:  Parliamentary Warning From The Caretaker Government: It Is Trying To Control The Financial Abundance

12th June, 2022

Sunday, the representative of the Sadiqoun Parliamentary Bloc, Rafiq Al-Salihi, warned against the caretaker government's attempts to control the financial abundance achieved from the rise in oil prices.

Al-Salihi said in a statement to the "Information" agency, "The caretaker government headed by Mustafa Al-Kazemi, through the Food Security Law, is trying to acquire the financial abundance achieved from oil revenues during the past months."

He added, "The caretaker government headed by Mustafa Al-Kazemi does not have constitutional and legal powers that allow it to control the country's money and deprive the Iraqi people of it."

"The Al-Kazemi government, since the early elections, has neither the legitimate nor the legal right to dispose of the country's wealth under the pretext of conducting daily business and the lack of sufficient food reserves to face the crisis of the rise in food prices."

Last Wednesday, the House of Representatives approved the Emergency Support Law for Food Security and Development, after a wide debate that lasted for several weeks between the political parties that differed over it between supporters and opponents.  LINK

TIVON:  Looks like the opposition to Al-Kazemi is nervous about something. Funny he does not mention the HCL/Oil & Gas Law legislation that actually will help the average citizens. This is why I want to remind people that these articles are aimed at the citizens, not us for the most part. Which is why you have to look for people that I listed who work on behalf of Al-Kazemi as they are the ones combating people in parliament who put out misleading statements like this to keep the citizens confused and lost. You see how they intentionally leave out vital information that would clear up things for Iraqis? Especially the laid out ten point objectives I posted from the Parliament of Finance. IMO

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Samson:  Khashan Clarifies The Fate Of The Challenge To The “Food Security” Law

13th June, 2022

The independent member of the House of Representatives, Basem Khashan, confirmed, on Monday, his insistence on submitting the appeal to the Federal Supreme Court regarding food security, indicating that the appeal is ready and we are waiting for the federal decision.

Khashan said in a statement to "Al-Maalouma", that "the law on emergency support for food security and development is a legal violation from its beginning to its end, and it cannot be tolerated."

He added, "The appeal was submitted to the Federal Court with sufficient evidence, and the final decision is due to it, as it is the owner of the separation between the legality of food security or not."

Last week, the House of Representatives passed food security amid popular and political opposition, especially with the suspicions of corruption that revolved around it, most notably placing astronomical sums for service projects.    LINK

TIVON:  Have you noticed anything that would help the citizens has a strange natural proclivity to being in violation when it comes from Al-Kazemi or people in his circle? Why? Because unlike the budget the FSL came as a ambiguous project that came with some exclusionary features that upset alot of those in power as they saw how the contracts in the FSL is created around the citizens and not sectarian leaders in the political arena who only serve themselves.

Which is why you keep seeing articles about Kurdistan whining about there's nothing in the FSL for them.

You guys have to understand something like this never happened before in Iraq or the world for that matter. Look how many regions will benefit. So don't be dismayed or mislead by articles of this nature. You are watching in real-time corruption being dealt with. IMO

Samson:  Al-Tamimi: The Resigned MPs Will Be Replaced By Others From The Same Constituency, And The Work Of Parliament Will Not Be Affected

13th June, 2022

Legal expert Ali Al-Tamimi confirmed that the resignation of MPs will not affect the work of Parliament, as the resigned MPs will be replaced by others from the same electoral district.

Al-Tamimi told Al-Maalouma, “The resignation expresses the individual will of the deputy with the approval of the Speaker of Parliament only, and this matter does not need a vote by the House of Representatives except in the case of a request to resign for the purpose of retirement according to Law No. 9 of 2005, as amended by the Federal Court Act of 2014.”

He added, "The replacement of representatives is from the same electoral district, where the best losing candidates are presented to the House of Representatives to replace the resigned, and it is not permissible for the candidate to be presented to the same bloc, but from the same district." And that "the replaced candidate's name goes through the Electoral Commission to the Federal Court at the request of the House of Representatives in order to ratify him in order to take the constitutional oath in Parliament."

He pointed out that "the resignation is subject to reform and the replacement of the resigned candidate with a losing candidate, while the dissolution of Parliament in accordance with Article 64 of the Constitution requires a request from a third of Parliament and with the approval of the absolute majority, and as a result, the resignation of a number of deputies does not affect the work of Parliament."     LINK

TIVON:  Pay attention to this guy. Look at the name as he was one of the people I told you all to look at. Everyone in Iraq is not intentionally trying to misguide everyone. Al-Kazemi is basically radioactive in the Middle East when it comes to those who represent him.

Watch for more information about the FSL. We are waiting for its official publication in the Gazette. Then implementing the law will follow. As Hakim Al-Zamili said he will follow up with the "Relevant Authorities" to ensure the allocations go where they need to go.

I think one of those authorities is the CBI. Who knows that there are debts in the FSL that need to be paid to Iran. Which is why the governor of the CBI met with Iranian leaders a week ago. IMO.

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DoTalkToMe:  If diplomatic immunity is removed and Corrupt are removed its all good. Let heads roll. 

Cashflow:  What days is the Gazette published? Its not an every day paper is it?  

Samson:  I am checking daily and will post when it comes out

Dinarling:  IMO Wednesday's and Saturdays

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Samson:  Parliament : 20 foreign companies are coming to invest in Iraq

13th June, 2022

A member of the Parliamentary Oil and Gas Committee, Basem Naghmesh, revealed today, Monday, the number of foreign investment companies coming to Iraq, explaining the committee's direction in the coming days.

In an interview with the National News Center, Naghmesh said, "There are more than twenty foreign investment companies coming to Iraq to work and invest in the country," noting that "the committee will work with the Ministry of Oil to provide local gas."

He added that "Iraq burns large quantities of gas, and we hope to form the new government as soon as possible in order to contract with foreign companies to invest in gas."

He pointed out that "the committee will move in the coming days towards investing in local gas, not importing it," noting that "the committee is determined to provide local gas and declare self-sufficiency."  LINK