MilitiaMan Sunday Evening "Looks Like Show Time...IMO!" 8-28-2022

KTFA:

Samson:  An Iraqi bank begins providing its banking services and solutions in the Saudi market

28th August, 2022

The National Bank of Iraq, affiliated with the Capital Bank Group, announced, on Sunday, the start of providing its banking and financial services in the Saudi market, after completing all procedures related to licensing the opening of its first branch in Riyadh and the start of its banking business in the Saudi market. This step comes within the framework of the expansion strategy of the group, which is currently operating in Jordan, Iraq, Saudi Arabia and the UAE.

The bank said in a statement received by "The Information", a copy of it, that "the Iraqi National Bank, which obtained the approval of the Saudi Council of Ministers and the Saudi and Iraqi Central Bank to open a branch in Iraq, aims to encourage and facilitate trade between Iraq and Saudi Arabia in light of the increasing growth of exports between the two countries, as it will allow The presence of this branch is an opportunity for the bank to expand the scope of the service provided to its clients from the corporate sector located in Jordan, Iraq, the UAE and Saudi Arabia, by providing commercial services to them directly.”

He added, "This step also aims to help Iraqi companies find opportunities to work with their counterpart companies inside and outside the Kingdom of Saudi Arabia by providing financing and facilities that meet their needs and aspirations."

The Managing Director of the National Bank of Iraq, Ayman Abu Dhaim, confirmed that "the bank's conduct of its business in Saudi Arabia will contribute to increasing the volume of trade exchanges between Iraq and Saudi Arabia by building a network of banking relations with major institutions and companies operating in various economic sectors in the Kingdom of Saudi Arabia, which is expected to achieve more." of progress and growth based on its Vision 2030.” 

In turn, the CEO of the National Bank of Iraq / Saudi Branch, Zaid Abunayan, said, "The National Bank of Iraq, by providing all banking services and various banking facilities, will be able to cover the untapped sectors in the Saudi trade market, and the bank will have the opportunity to increase its market share in total commercial transactions. between Saudi Arabia and Iraq by providing services to strategic corporate clients and facilitating their commercial transactions.”

Abunayan added that "the National Bank of Iraq has started providing its banking services in the Saudi market, as bank accounts have been opened for a number of Saudi companies, which allows them to benefit from an integrated set of banking services provided by the Iraqi National Bank to its corporate clients, including receiving remittances. and documentary credits from Iraq, smoothly and quickly.

LINK

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MilitiaMan:  Looks like show time... imo  They imo are not going live at a program rate or they would have already done so. I suspect that visit to Egypt by Kahdimi was a fruitful one.. ~ MM

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Samson:  "Waste and smuggling"...the central bank sells Iraq instead of the dollar

27th August, 20221

A great waste of Iraq’s money has reached high levels that cannot be silenced through suspicious deals held between politicians, which cost Iraq millions of dollars annually, with a prior agreement between the concerned authorities, including the Central Bank’s deal with the Ishtar Gate Company, which would have cost 600 million dollars in fine had it not been for the popular pressure that he made Ishtar company waive the amount later.

Many observers wonder about the massive Central Bank’s sale of the dollar, which reached 300 million dollars per day through the currency auction. This figure compared to the size of what Iraq needs daily of the dollar is very exaggerated and does not know the parties that buy these amounts daily, and the only beneficiary of selling the currency with these huge numbers are the private banks that benefit from the buying and selling difference from the Central Bank.

Ishtar Gate 

And the representative of the state of law, Thaer al-Jubouri, confirms that there is special care from some officials in choosing bank managers to arrange their financial papers. 

Al-Jubouri said in an interview with "The Information" that "the administrative corruption deal of the Central Bank that appeared with the Ishtar Gate Company cannot be tolerated," stressing that "such deals are agreed upon in advance to achieve personal interests by setting items that waste public money." 

Al-Jubouri continues his speech, that "there are committees from the Office of Financial Supervision, and also the Integrity Committee in Parliament, but they need someone to monitor them after the emergence of many corruption deals in all ministries and government institutions." 

*Discrepancy in numbers*

 The Central Bank’s currency auction in its current form serves many banks belonging to influential parties and gives them important profits with which they can face the interruption of financing, especially since the selling differences are large between the bank and private banks.

Economist Nabil Al-Ali considers that the discrepancy in the central bank's dollar sales figures and foreign remittance bills indicates something hidden, pointing out that the economic situation is currently in a recessionary phase.  Al-Ali says in an interview with "The Information", "the volume of imports and remittances does not match the data issued by major countries such as Korea and China," adding, "The central bank used to sell 180 million dollars a day, but now the sale of dollars has reached 300 million dollars per day, and this is a very alarming figure for Iraqi imports." 

* Currency smuggling 

According to observers in the economic and currency exchange field, the Central Bank auction to sell currency in its current form serves many banks affiliated with influential parties and gives them important profits with which they can face the interruption of financing, especially since the selling differences are large between the bank and private banks.

The economic expert, Abdul Rahman Al-Mashhadani, asserts that the private banks are the only beneficiaries of the sale of the Central Bank by smuggling hard currency out of Iraq. Al-Mashhadani added in an interview with “The Information” that “the Central Bank of Iraq’s daily sale of huge numbers of dollars is very suspicious compared to the volume of Iraqi imports,” stressing that “the only beneficiary from selling such numbers, which amounted to 300 million dollars per day, are the private banks that you benefit 20 cents from the dollar and one."

* Selling Iraq 

In this regard, the independent deputy, Basem Khashan, said in an interview with “The Information” that “the next few days we will announce the papers and documents that prove the Central Bank’s violation of all legal and financial matters in the presence of the Financial Supervision Bureau,” adding that “the Central Bank does not sell currency now.” He is working to sell Iraq." He added, "the documents and files will reveal the local authorities that are working to smuggle currency out of Iraq."    LINK

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MilitiaMan:  Looks like the CBI has been sorted from within now.. With the new Digital System they have been apparently able to get the corrupt sorted out. Stopping the AUCTIONS was to be expected. I have a strong feeling things are very much so in our favor..  Working to sell Iraq, as in IQD? We shall see. Stopping the Multi Currency Practice? Again we shall see!! ~ MM

Samson:  The Sadrists' eyes towards federalism.. Thousands of cases are "complete" to dissolve Parliament

28th August, 2022

A source familiar with the movement of al-Hanana, the residence of the leader of the Sadrist movement Muqtada al-Sadr in Najaf governorate, said on Sunday that thousands of cases submitted by the Sadrists to the Federal Court to dissolve the House of Representatives "fulfill the conditions."  

The source told Shafak News Agency, "The Federal Court was looking at the cases submitted to it impartially," expressing his hope that it "will be far from any political pressure." And he indicated that "the lawsuits submitted by the Iraqi people, including the Sadrists, are estimated in the thousands," stressing that "they meet the legal requirements, and we hope that the decision will be to dissolve the Parliament."

The Sadrist leader said, "There is a very clear perversion of the constitutional oath, by not adhering to the constitutional timings."

The Federal Court (the highest judicial authority in Iraq) has set the thirtieth of August as the date for deciding on the claim of dissolving Parliament.

On August 10, 2022, al-Sadr had asked the judicial authorities to work on dissolving the Iraqi parliament within a maximum period of the end of this week, urging at the same time the President of the Republic of Iraq, Barham Salih, to set a date for early legislative elections in the country.

Also on the tenth of this August, known as "Minister of Al-Sadr", the supporters of the Sadrist movement to fill out a form to file a lawsuit against (Presidents of the Republic Barham Salih, Ministers Mustafa Al-Kazemi and Parliament Muhammad Al-Halbousi).

The form included two points, the first of which was to call the defendant (Al-Halbousi) in addition to his job after carrying out the legal requirement and ruling to dissolve the House of Representatives in its current fifth session, and notifying the President of the Republic to set a date for the legislative elections in accordance with the provisions of Article 64 II of the Constitution, while the second paragraph included charging the defendant in addition to all his job Expenses, court fees and attorneys' fees.

Later, the "Minister of Al-Sadr" issued a new form that included the defendants, in addition to Parliament Speaker Muhammad Al-Halbousi, (Presidents of the Republic Barham Salih and Ministers Mustafa Al-Kazemi).  

LINK

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MilitiaMan:  I don't see there is any longer any issue here. Dissolution is covered by the constitution. There is a third way option on the table. The UN CHARTER has that covered. I am looking at the implementation and distribution of the EFSL and the Digital Mechanisms that supports the execution of the two.. The data supports the CBI stoppped selling hard currency.. They are imo telling us they are selling Iraq and that imo is they are to be selling their own international currency.. Selling Iraq now.. We shall see.. imo ~ MM

Some "Sunday News" Posted by Samson at KTFA 8-28-2022

KTFA:

Samson: The Iraqi market enters a recession stage

28th August, 2022

The Iraqi market entered a period of stagnation, as a result of the political developments in Baghdad, which led to the storming of Parliament by supporters of the Sadrist movement, in addition to threats of civil disobedience in the southern provinces

The trader, Muhammad Karim, told Al-Iqtisad News, "The market is in a stagnation stage now, and political developments have negatively affected it," adding that "buying and selling is only for basic needs

He stressed that "political statements, regarding the lack of salaries for the next year, made the employees not shrink in spending, for fear of the unknown. He pointed out that some retail stores in residential areas have closed their doors, and this puts pressure on the economy and increases unemployment and poverty

On the other hand, Hamid Salem, the owner of a real estate office, told "Al-Iqtisad News" that the real estate market is witnessing a stagnation, as a result of the lack of clarity in the future, adding that the demand for real estate has witnessed a significant decrease due to the political situation. He pointed out that the citizen who wants to sell his property quickly, reduces the price by 10%, and this will contribute to reducing the price in the coming period

Yesterday, Parliament Speaker Muhammad Al-Halbousi talked about the existence of an 80 trillion surplus of oil sales in the Ministry of Finance, and the government is unable to spend it due to the absence of a budget law   LINK

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Samson: After placing them under surveillance, Sulaymaniyah arrests 12 brokers trading in dollars

27th August, 2022
The spokesman for the dollar market in Sulaymaniyah, Jabar Goran, announced on Saturday, the arrest of 12 brokers trading in dollars after they were placed under surveillance for several days.

Goran told Shafak News Agency, "The security forces arrested 12 brokers in the dollar market."

In the context, a special source confirmed to Shafaq News Agency, "Since last Thursday, a special force has monitored many currency exchange brokers in the dollar market in Sulaymaniyah, and after monitoring, on Saturday, 12 brokers were arrested."

On August 19, the Security Directorate (Asayish) in Sulaymaniyah Governorate announced in a statement the arrest of five merchants and brokers of land and public properties who used their positions and powers in the departments illegally.

It also stated that by a decision of the judge, five traders and brokers who dealt illegally in public lands and properties were arrested.  LINK

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Samson:  Hackers seize Zain telecom system in Najaf and steal major customers

28th August, 2022

A local source reported, on Saturday, that professional hackers "hackers" penetrated the system of Zain Communications Company (Zain Cash System) in Najaf Governorate, and a number of main customers were robbed.

The source told Shafaq News Agency, that the theft was carried out through a number used by Al-Rafidain Bank in cooperation with Zain Communications Company, and the main customers were persuaded (on the pretext that the system was formatted) and were robbed of 26 million dinars in their own wallets.

He added that the headquarters of the "Zain" company was aware of the accident that the first customer was exposed to, and despite that, it did not inform other customers to be careful, as the penetration process took place over several hours and not one hour, and customers were stolen at different times.

The source added that customers are resentful of Zain's behavior with them and its concealment of the incident, fearing that its reputation in the telecommunications market will be tarnished.  LINK

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Samson:  Al-Sadr's Minister presents his vision for the new Iraq

28th August, 2022

The so-called "Minister of the Leader" who is close to the leader of the Sadrist movement Muqtada al-Sadr presented on Sunday his leader's vision about the new shape of Iraq.

“Come to a new #Iraq in which there is no subordination, no militias, no occupation, no terrorism, no corruption, no drugs, no loose weapons, and no tested parties,” the Minister of Commander said in a post on social media. There is no tempter to be tried in it, no deep state in it, no sectarianism in it, no quotas in it, no crime in it, no violence, fighting in it, no clinging to power, no epidemic, no poverty, no unemployment, no high prices There is no smuggling in it, nor dryness in it, nor indecency in it.”

He added, "There is a law that is enforced, brotherhood prevails, the citizen is honored, minorities are honored, an impartial judiciary, balanced relations with the outside, peace prevails, an army that protects, a people serve, a government that serves, loyalty to the homeland, and in it Clans fraternize, in which boundaries are preserved, in which dignity is not humiliated, in which women are protected, in which youth are helped and helped, in which religions are respected

iI n which beliefs are accepted, in which ideas are formulated, in which agriculture and industry flourish, in which construction continues, in which the currency and economy are stronger, and in which the budget is established. And in it obedience to God is loved, and in it disobedience to God is rejected, and in it loyalty to the homeland is required.”   LINK

Samson:  Iraq repays $1.6 billion of Iranian gas debt

28th August, 2022

Today, Sunday, the director of the Iranian Gas Company, Majid Jakni, announced that Iraq has paid $1.6 billion in gas export funds.

In an interview with Fars News Agency, Jakni said that the amount comes within the debts owed by Iraq from the export of Iranian gas.

He pointed to the growth of gas swaps by 138%, as well as the continuation of gas swaps with Armenia, and negotiations with various countries, especially neighboring countries, in this regard.

Jakni indicated that Iran's position has risen in the field of gas trade, as a record number of gas condensate exports has been achieved in the past three years, and that gas export revenues have grown by 64%, and its export to Turkey has increased by 11%, and negotiations are continuing in this field. LINK

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Samson:  International companies use the Iraqi airspace for the first time in history

28th August, 2022

The General Company for Air Navigation Services, one of the formations of the Ministry of Transport, announced today, Sunday, that three international companies have used Iraqi airspace for the first time.

The company's general manager, Nizar Ibrahim Al-Ziyadi, said in a statement received by "Al-Iqtisad News", that the Iraqi air movement at the present time is witnessing demand from civil aviation companies.

He added that today, Armenian Airlines joined Iraq's skies for the first time, in addition to the Omani company Salam air and the Saudi Flyadeal company, given that Iraq is characterized by an important strategic location and is considered the shortest road and air corridors linking the East to the West.

LINK

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Samson:  More than 15,000 families east of Salah al-Din are trapped in homelessness and "electoral promises"

28th August, 2022

More than 15,000 displaced families east of Salah al-Din complained of the tragedy of displacement, "electoral deception", and indifference and seriousness to return them to their areas of residence from which they were displaced more than 8 years ago.

The director of Suleiman Bek district, east of Salah al-Din, Talib Muhammad Mustafa, told Shafaq News Agency; "More than 15,000 families distributed in 7 villages in Suleiman Bek and the borders of Amerli district have not returned to their areas of residence since 2014 until now due to security and service obstacles."

And between Mustafa; Some villages have turned into military barracks and their return is threatened by security due to the lack of control over the vicinity of the villages and terrorist hotbeds, which still pose a threat to the displaced, in addition to their lack of service readiness to return so far.

Mustafa added, however, that "despite the security and service obstacles, a number of families of farmers and livestock owners have returned to their villages despite service difficulties and security concerns for living reasons and to secure their sources of livelihood and livelihood."

While Abu Ammar al-Bayati, 62, a resident of the outskirts of Suleiman Bek, was quoted to Shafaq News Agency; "Most of the displaced villages obtained security and administrative approvals to return until their villages were not prepared in terms of service and security for return at the present time."

Al-Bayati referred to the resentment and indignation of the displaced families due to electoral tricks and false promises made by deputies and candidates during the 2018 and 2022 election cycles, taking advantage of the tragedies of the displaced to steal their electoral votes, which is a fraud that is unparalleled in the dictionaries of humanity.

Al-Bayati stressed that "the people will not be stung again with promises and electoral tricks, and will not give their votes to any candidate in the future, and they will have a firm stance against this exploitation and deception."

The residents of more than 10 villages were displaced from the outskirts of Suleiman Bek district, east of Salah al-Din, during the events of ISIS in 2014 and its invasion of several administrative units.

It is located in the Suleiman Bek district, 90 km east of Tikrit. It is administratively affiliated to the Tuz Khurmatu district. It includes 28 villages and is inhabited by approximately 37,000 people.  LINK

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Samson:  The Iraqi parliamentarian gets more than twenty thousand dollars a month while he is unemployed

27th August, 2022

The Iraqi parliament's deputies turned completely unemployed, after the lack of sessions, but their salaries, privileges and protections were not affected, and some of them increased their influence over the ministries under the pretext of oversight tasks.

And one Iraqi parliamentarian receives a salary of up to 30 million dinars, equivalent to 20 thousand and more than 200 dollars per month, according to circulating information, and these figures may be completely inaccurate, but they are very close to the truth.

The former member of Parliament for the Kurdistan Union, Rizan Sheikh Diliar, says that Parliament used to allocate a salary for a representative who holds a bachelor's degree, 6 and a half million per month. Diller notes that Parliament has also allocated salaries to 14 individuals who work in a personal protection capacity, and each of them receives a salary of 950,000 dinars.

Parliament allocated an amount estimated at two and a half million as rent allowances for each representative who is not a resident of the capital, Baghdad, according to Diller, who went on to say that the parliament provided other allocations such as fuel for wheels and granting delegations and other matters.

The Iraqi parliament failed to hold more than one session to elect a president of the republic due to a boycott by the coordinating framework forces and some independent Kurdish forces for the session, which requires the attendance of 220 deputies, equivalent to “two-thirds,” in order to vote on the presidential candidate.

Alaa al-Rikabi, the Secretary-General of the Emtlad movement, had revealed, in January 2021, the salaries of members of the House of Representatives. Al-Rikabi confirmed that the members of the House of Representatives received a salary of 30 million dinars, equivalent to 20 thousand and more than 200 dollars per month.

According to Al-Rikabi, the representative receives 4 million nominal salaries, two million position allowances, and three million housing rent allowances, in addition to the allowances for the certificate, car fuel, and the salaries of protection personnel, which amount to 16 million Iraqi dinars.

Farhad Alaeddin, advisor to the President of the Republic, said in a press statement that Iraq has lost nearly 19 billion dinars on allocations, salaries and expenses of the House of Representatives since the first session of the new parliament was held until now. According to Aladdin, the House of Representatives, although more than 32 weeks have passed since its election, is broken, and its building is closed.

The obelisk observed the ridicule on social networking sites of representatives whose work is to issue statements, tweets, blogs and courtesy visits to Iraqi ministries, especially since many of these ministries are mediators to appoint friends, loyalists, or people from the electoral district only.  LINK

MilitiaMan Saturday PM "Many Things in the Works for Reforms" 8-27-2022

KTFA:

A government meeting to complete the project to modernize public financial management systems

25th August, 2022

Thursday, the Ministry of Finance held an expanded meeting to complete the project to modernize public financial management systems.

A statement by the ministry stated that Mawazine News received a copy of it, that "the Minister of Finance and Agency Ihsan Abdul-Jabbar chaired an expanded meeting to complete the stages of preparing the project to modernize the public financial management systems IFMIS, with the participation of members of the project's steering committee and the head of the project management team PMT, and the AARC consultancy company for the ICC contract, in the presence of the Undersecretary of the Ministry and directors of the departments concerned with the implementation of the project.

The statement added, "During the meeting, reports related to the project's work were reviewed in terms of studying the market and potential risks, as well as approving the outputs of the first phase of the project, in addition to discussing the strategic factors for the success of the IFMIS project (19??), and providing all means within efforts to complete it in a manner that ensures its safety from various potential strategic risks.

He pointed out that "the basis for implementing the digitization of financial management was discussed during the meeting, which includes implementing the first phase of the integrated financial management system, presenting new ways of working to be implemented through new tools and practices, in addition to integrating and simplifying public financial management processes, as well as enhancing planning, strategy and optimal use of financial resources.

According to the statement, Abdul-Jabbar stressed that "the application of the system will work to achieve a set of goals, the most important of which is financial discipline, reducing errors, achieving efficiency and effectiveness in the use of government resources, in addition to providing accurate and real-time data and information on all government financial information that helps provide services efficiently and effectively." Pointing to raising the level of financial transparency, follow-up, control and financial accountability, as well as increasing the ability to properly plan government cash flows.

The statement continued, "The system is a means of linking all public government agencies and contains all the functions of public financial management from the financial and accounting operations that take place in all stages of preparing and implementing the budget, starting from the strategic planning stage and ending with the accounting stage and submitting final accounts."

 He pointed out that "the process of implementing the system comes within the framework of the adoption of the financial and economic reform project represented in the white paper, and with the aim of shifting towards integrated financial and accounting management that is consistent with internationally approved programs and systems." 

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MilitiaMan:  Yesterday was a big day, as is today. Many things are in the works for reform for Iraq both economicly and financially. Despite the picture of instability and lack of security "", things may not be as bad for our investment as one may think..

In the above piece it tells us that the process of implementation of financial and economic reforms comes within the frame work and is adopted by the reform project and it is being integrated with financial and managerial accounting that is consistent with international programs and systems, in real time.

The digitization of the process and it's systems are under way. It is about transparency and efficiency. They have it all and it is underway.. imo ~MM

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Al-Kazemi’s advisor: The emergency support law has entered into force

25th August, 2022

The Financial Adviser to the Prime Minister, Mazhar Muhammad Salih, confirmed, 08/25/2022, the entry into force of the Emergency Support Law for Food Security and Development.

Saleh told Al-Masala that the Emergency Support Law for Food Security and Development No. 2 of 2022 has now entered into force, especially after the financial instructions accompanying the same law were issued.

He added that work will continue to apply the law until the completion of the distribution of its allocations to the exchange sections stipulated by the law and which are detailed by the financial instructions.

He pointed out that the central control bodies referred to in Article 14 of the Emergency Food Security Law are in charge of exercising their supervisory and legal functions in the best way, in addition to the central role in implementation and follow-up undertaken by the Ministries of Finance and Planning to ensure the accuracy of the law's application.  LINK

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Al-Kazemi’s advisor identifies the supervisory bodies supervising the emergency support law 

25th August, 2022

Thursday, the Financial Adviser to the Prime Minister, Mazhar Muhammad Salih, confirmed the entry into force of the Emergency Support Law for Food Security and Development, while specifying the supervisory authorities that supervise its implementation.

 Saleh said, "The Emergency Support Law for Food Security and Development No. 2 of 2022 has now entered into force, especially after the financial instructions accompanying the same law were issued."

He added, "The work will continue to apply the law until the completion of the distribution of its allocations to the exchange sections stipulated by the law and which are detailed by the financial instructions."

He pointed out that "the central control agencies referred to in Article 14 of the Emergency Food Security Law are responsible for exercising their supervisory and legal functions in the best way, in addition to the central role in implementation and follow-up, which is assumed by the ministries of finance and planning to ensure the accuracy of the law's application." LINK

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MilitiaMan:  The same day we see Salih confirms the EFSL financial instructions were issued. They are introduced into FORCE.. They will continue to be until there is completion of distribution. Let the sink in. They are to keep working until completion of distribution through the Ministries of Planning and Finance is complete and will have follow up subsequently thereafter. Imo ~ MM 

Legal expert: Recent events open the door to international intervention in Iraqi affairs

25th August, 2022

The legal expert, Ali Al-Tamimi, confirmed that the recent events open the door to the intervention of the United Nations in the internal affairs, pointing to the importance of holding an emergency session of Parliament in order to correct the situation.

Al-Tamimi told Al-Maalouma, "The recent events will be a justification for the intervention of the United Nations and the issuance of a Security Council resolution in accordance with Articles 39, 24 and 34 of the UN Charter, because the disruption of constitutional institutions gives the Security Council a justification for intervention in countries, as they are considered countries where a breach of peace and security has occurred. internationals".

He added, "Parliament must hold an emergency session in accordance with Article 58 of the Constitution at the invitation of the Speaker, or at the request of 50 deputies, or at the invitation of the President of the Republic, as it is an issue related to security."

And he indicated that "the council, in the event of its convening, takes the steps by which it dissolves itself after a certain period and grants the government the emergency power stipulated in the constitution until early elections are held without condition or restriction because the country is going through a dangerous turning point and allows unwanted international interference." LINK

MilitiaMan:  Again on the same news day there is the mention of international intervention in Iraq's affairs. The UN Charter can intervene in the political process under emergency circumstances. The make that known and quite clear about it.  Under the present conditions there appears to be support now for the intervention to facilitate the dissolution. Question is, does the UN Intervene prior to or at the same time as the Judiciary is scheduled to meet on the 08/30/2022 time line. We shall see and keep that thought.. ~ MM

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Basem Khashan talks about "massive thefts" linked to the Central Bank of Iraq

25th August, 2022

On Thursday, independent deputy Bassem Khashan spoke of massive thefts linked to the Central Bank of Iraq.

In a Facebook post seen by / the information /, Khashan said that "despite the multiplicity of fronts, and despite the fierceness of the confrontations, my war on corruption is still continuing, and has even expanded."

He added, "I received serious information and documents about massive thefts linked to the Central Bank of Iraq."

He continued, "All the sticks of the opponents and some of the swaying comrades were broken, and our wheels did not stop! We have a real reform project for which we have done a lot, and we will not be satisfied with anything less than achieving it." LINK

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MilitiaMan:  Here we have this guy talking about massive thefts linked to the CBI.. He goes on to say that his group will not be satisfied with anything less than achievement of reforms.. Then look below... They toppled those behind the currency auctions days prior. Lets not forget the the FM left town and publicly stated he was threatened and blackmailed to stay quiet. All of this seems to be and fit insecurity and instability.. But, is it? Recall prior to this big fish being caught, there were hundreds of small bait fish prior to this.. Lots of money has been clawed back in the process. Hundreds and Hundreds of billions of Dinar and USDs..  ~ MM

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After scandals escalated, the Central Bank topples a company that mediated in the currency auction

2022-08-21

Yes Iraq: Baghdad

On Sunday, the Central Bank of Iraq announced the withdrawal of the license of a mediation company for the sale and purchase of foreign currencies for violating the instructions and confiscating its 50 million dinars insurance, at a time when leaks and scandals increased about the currency auction.

In a statement, the bank said that "in view of the violation of the (Al Habib) company to mediate for the sale and purchase of foreign currencies, the provisions of the instructions regulating the work of mediation companies and the purchase of foreign currencies, it was decided to withdraw the company's license."

He added, "It was also decided to confiscate its insurance deposited with the bank amounting to 50 million dinars in favor of this bank," calling on the Ministry of Commerce to "cancel the certificate of incorporation granted to the company in addition to writing off the company's name from the records and providing the Central Bank with the certified liquidation letter."

The latest revelations about scandals in the currency sale auction, was what was revealed by specialized authorities that the banks of the clutch, Al-Ansari and the Middle East, affiliated with businessman Ali Ghulam, were granted about $2.5 billion during a period of 50 days preceding the date of the exchange rate change, amounts equivalent to 30% of the sales of the Central Bank. During that period.

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MilitiaMan:  Now to the EFSL and 50 days. The EFSL was published in the Gazette on 07/06/2022. That was 50 days yesterday. 50 days was mentioned prior to the exchange rate change.. The entitiees were toppled because of that.. Last banking day of the week. Take not the article about the modernizing of the public financial management systems..  The Emergency Food Security Law same day is put into force with full details and instructions for implementation through completion of distribution to the Planning and Financial Ministries.  Security? Stability? hmm KW RVd or RId in massive turmoil.. Wee shall see.. imo ~ MM

DallasDude:  I agree with MM's statement about Kuwait's RI - the New York Times wrote an article just after the rate change that people were exchanging in banks with no electricity - the country was in shambles.  This big mess of parliament, people in sit-ins, etc - is a perfect time for the CBI to publish a new rate - IMO of course

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Legal expert: Recent events open the door to international intervention in Iraqi affairs  LINK

MilitiaMan:  Whether we like the UN or not, they bring arrows in their quiver to the table. Because of what you say above has some relevance,  it is not however, taking into consideration that the corruption that is so rampant and that there has been unprecedented threats against not just the judiciary, but the finance minister and political side of the circumstances.

Sadr's right hand man was assassinated if I recall correctly.  Al-Alawi was threatened with his life and with black mail in teh mix, politicians wanting to speak out are asking for protection to do so, as speaking out  can be a death sentence for anyone in doing so.

Do to the "" emergency the UN describes may from the legitimacy given by UN  whether we like it or not, can be wielded now under such circumstances as to be the bad guy... It wasn't us that dissolved the parliament it was them.. There is data out lately to support that if they don't have things sorted accordingly in short order they can impose Chapter VII tutelage.. 

That my friends would not be in our favor. imo.. So, lets not shoot them in the foot and think they are not relevant.. imo They are. If they do intervene under the articles above, then, all those that have been threatened can possibly sleep a little better knowing they were not the ones that dissolved them selves. The UN will have that on their hands again, whereby if by issuing a Security Council resolution becomes the action taken. We shall see if the previous dissolution proves this is all just a dog and pony show or not.

Btw.. The EFSL became law in middle of JULY  - ish 2022.. That CBI 50 day mention about exchange rate change noted in the article yesterday has relevance to auctions and to timing. The breach of the acutions within the 50 days of an exchange rate change was acted on and we see the results of that in the article.

Alawi was given the green light we recall, hence, once he was threatened he had to protect himself. That guy in the article has lost many things from his corruption.. The clock is ticking.. IMO.. ~ MM

Thoughts From Frank26 on Recent Articles 8-27-2922

KTFA:

Frank26:  "FAMILY, WE SUGGESTED THE IMF GAVE THEM UNTIL JULY 31ST, THEN UNTIL THE END OF AUGUST TO RELEASE THE NEW EXCHANGE RATE WHICH WOULD HAPPEN THE MOMENT PARLIAMENT IS DISSOLVED GIVING TOTAL POWER TO KAZEMI".......F26 

The Federal Court sets August 30 as the date for hearing the case for dissolving Parliament

25th August, 2022

The Federal Supreme Court has set 08/25/2022, the 30th of August, as the date to consider the case submitted to dissolve Parliament.

The Secretary-General of the Sadrist bloc had filed a lawsuit to dissolve the House of Representatives for its fifth session, and to oblige the President of the Republic to set a date for the legislative elections in accordance with the provisions of Article 64/second of the constitution.

This lawsuit is accompanied by several other lawsuits filed by people against the prime ministers, parliament and the republic, asking them to dissolve the parliament.

On August 23, 2022, Saleh Muhammad al-Iraqi, Minister of Sadr, directed the demonstrators in front of the Supreme Judicial Council to withdraw while keeping the tents.   LINK

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Frank26:  "IN MY OPINION, IT LOOKS LIKE IT'S GOING TO BE THIS WAY"......F26

Al-Tamimi: The Federal Court Can Dissolve Parliament According To These Articles

13th August, 2022

Legal expert Ali Al-Tamimi confirmed, on Saturday, that exceeding the constitutional periods and the failure of constitutional institutions, including Parliament, allows the Federal Court to dissolve Parliament, indicating that the general principles contained in the civil law confirm that the legislative institution, when it fails to perform its role, the judiciary takes over dissolving it.

Al-Tamimi said in a statement to / the information /, that "the Federal Court can dissolve Parliament in accordance with Articles 47 and 59 of the Civil Code related to the failure of its constitutional role and exceeding the constitutional periods."

He added that “the general principles contained in the civil law confirm that when the institution is unable to perform its role, the judiciary takes over dissolving it,” noting that “the Federal Court has a general and mandatory decision-making mandate, in accordance with Articles 92, 93 and 94 of the Iraqi constitution.”

Al-Tamimi expected that “the court will move to dissolve parliament, which has become a popular demand.”    LINK

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Frank26:  "PARLIAMENT DISSOLVED... PM VOTE FOR KAZEMI NEXT"...........F26

Extension”: Dissolving Parliament without forming an interim government means that Al-Kazemi and Barham will remain

2022-08-13 19:55

 A member of the Iraqi parliament for the "Extension" movement considered, on Saturday, dissolving the Iraqi parliament without going to the formation of an interim government and setting a date for early legislative elections in the country, which means keeping the current prime minister, Mustafa Al-Kazemi, and the President of the Republic, Barham Ahmed Salih.

Alaa Al-Rikabi said in a tweet to him on the social networking sites "Twitter", "The parliament is now dissolved without the formation of a temporary rescue government for a year, for example, and it was formed of independent ministers, without setting a date for a new round of parliamentary elections, without changing the election law. What does it mean?"

He explained that "it means only the survival of Al-Kazemi and Dr. Barham, both of whom have expired terms, and the government's survival, but without parliamentary oversight."

The political scene in Iraq has undergone a dangerous turn since supporters of the Sadrist movement led by prominent Shiite cleric Muqtada al-Sadr stormed the parliament building in the fortified Green Zone in central Baghdad, and staged a sit-in in protest against Al-Sudani's nomination for the position of head of the next federal government.

The Sadrist bloc had obtained the highest votes in the early legislative elections that took place in October of 2021, but the efforts of the leader of the current failed to form the new federal government due to the Shiite coordination framework standing in its way by obtaining a fatwa from the Federal Court with the so-called blocking third in a contract The session for electing the President of the Republic, which paves the way for naming the Prime Minister.

The three-way alliance between the Kurdistan Democratic Party led by Masoud Barzani, the Sovereignty Alliance headed by Khamis al-Khanjar, and the Sadrist movement led by Muqtada al-Sadr was broken following the resignation of the Sadrist bloc's deputies, and the movement's withdrawal from the political process by order of al-Sadr.

The political scene is in a crisis situation and a dead end unprecedented in the history of Iraq, as more than 300 days have passed since the early elections without being able to form a new government in the country, and the caretaker government headed by Mustafa Al-Kazemi remains.

On the tenth of last October, Iraq held early legislative elections to get out of a political crisis that swept the country after large demonstrations in the central and southern regions in 2019 in protest against the widespread unemployment in society, the spread of financial and administrative corruption in government departments and institutions, and the deteriorating reality The service and the livelihood, which prompted the former prime minister, Adel Abdul-Mahdi, to resign under popular pressure.

As soon as the preliminary results of the elections were announced, the voices of political forces and actors rose in their rejection of losing many seats, accusing them of major fraud in the ballot, which was denied by the executive and judicial authorities, at a time when the United Nations and international organizations praised the integrity of the electoral process.   LINK

Frank26:  "EDDIE... I KEEP TELLING YOU KAZEMI HAS A PLAN... RELAX, RELAX".......F26

With the resignation of the Minister of Finance.. the dollar is falling in the Baghdad markets

16th August, 2022

The dollar exchange rates declined in Baghdad markets, on Tuesday, with the resignation of Finance Minister Muhammad Allawi.

Shafak News Agency correspondent said that the Central Kifah and Al-Harithiya Stock Exchange in Baghdad registered at 3:00 pm today, Tuesday, 148,200 Iraqi dinars, compared to 100 US dollars.

The price of the dollar this morning recorded 148,450 Iraqi dinars, compared to 100 dollars.

Our correspondent indicated that buying and selling prices decreased in banking shops in the local markets in Baghdad, where the selling price amounted to 148,750 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 147,750 Iraqi dinars per 100 US dollars.

This decline comes shortly after the Iraqi Finance Minister, Ali Allawi, submitted his resignation from his position during the session of the Council of Ministers held, while the Prime Minister agreed to it. LINK

(EDDIE... KAZEMI & THE CBI'S PLAN IS FOR THE USD TO FALL!!!)

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Frank26:  "WS & I SHARED... IF NO MALIKI THEN WE WOULD HAVE A KAZEMI GOVERNMENT... KAZEMI CONTROLLED MALIKI... WE SHARED ER & MR WERE IN THE WHITE PAPERS...
WE SHARED THE EXCHANGE RATE OF THE MR WOULD BE GIVEN TO THE CITIZENS, BEHOLD!!!"...... F26

A government meeting to complete the project to modernize public financial management systems

25th August, 2022

Thursday, the Ministry of Finance held an expanded meeting to complete the project to modernize public financial management systems.

A statement by the ministry stated that Mawazine News received a copy of it, that "the Minister of Finance and Agency Ihsan Abdul-Jabbar chaired an expanded meeting to complete the stages of preparing the project to modernize the public financial management systems IFMIS, with the participation of members of the project's steering committee and the head of the project management team PMT, and the AARC consultancy company for the ICC contract, in the presence of the Undersecretary of the Ministry and directors of the departments concerned with the implementation of the project.

The statement added, "During the meeting, reports related to the project's work were reviewed in terms of studying the market and potential risks, as well as approving the outputs of the first phase of the project, in addition to discussing the strategic factors for the success of the IFMIS project (19??), and providing all means within efforts to complete it in a manner that ensures its safety from various potential strategic risks.

He pointed out that "the basis for implementing the digitization of financial management was discussed during the meeting, which includes implementing the first phase of the integrated financial management system, presenting new ways of working to be implemented through new tools and practices, in addition to integrating and simplifying public financial management processes, as well as enhancing planning, strategy and optimal use of financial resources.

According to the statement, Abdul-Jabbar stressed that "the application of the system will work to achieve a set of goals, the most important of which is financial discipline, reducing errors, achieving efficiency and effectiveness in the use of government resources, in addition to providing accurate and real-time data and information on all government financial information that helps provide services efficiently and effectively." Pointing to raising the level of financial transparency, follow-up, control and financial accountability, as well as increasing the ability to properly plan government cash flows.

The statement continued, "The system is a means of linking all public government agencies and contains all the functions of public financial management from the financial and accounting operations that take place in all stages of preparing and implementing the budget, starting from the strategic planning stage and ending with the accounting stage and submitting final accounts."

He pointed out that "the process of implementing the system comes within the framework of the adoption of the financial and economic reform project represented in the white paper, and with the aim of shifting towards integrated financial and accounting management that is consistent with internationally approved programs and systems."  LINK

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Samson:  Legal expects the federal response to the lawsuit to dissolve Parliament

27th August, 2022

Legal expert Ahmed Shahid Al-Shammari expected, on Saturday, that the Federal Supreme Court would issue a decision dismissing the case for dissolving the House of Representatives filed by the Sadrist movement. 

Al-Shammari said, "After all the constitutional and binding periods have been exhausted, and there is no text allowing the President of the Republic, the Prime Minister, or the Federal Court to dissolve the House of Representatives, except in implementation of Article 64 of the Constitution, which suspends the dissolution of the House of Representatives on a decision issued by the House itself with an absolute majority of the number of its members."  

He added that "the Federal Court will reject any lawsuit demanding the dissolution of the Council because it is not within its jurisdiction according to the constitution." 

He pointed out that "there is no point in repeating the elections without addressing the amendment of the constitutional text contained in Article (64 / first) that the dissolution of the House of Representatives be by a decision of the Council of Ministers and with the approval of the President of the Republic, provided that it is not during the period of questioning the Prime Minister, thus achieving a balance between the legislative and executive powers."

The Federal Court has set August 30 as the date for a session to consider the lawsuit submitted to dissolve Parliament by the prosecutor Nassar Zughayer Al-Rubaie, Secretary-General of the Sadrist bloc, in addition to his job to August 30.  LINK

Some "Friday News" Posted by Samson at KTFA 8-26-2022

KTFA:

Samson:  An Iraqi hacker claims responsibility for cyber attacks on government and party websites

26th August 2022

On Friday, an Iraqi hacker team claimed responsibility for the cyber attacks that affected a number of government and party websites.

The "GN-Cyber" team said, in a statement received by Shafak News Agency, "In support of the Ashura revolution that came out against injustice and corruption, we announce our responsibility for targeting and disrupting a number of media websites affiliated with the power parties on August 26, 2022 in a ddos ​​attack that caused their removal from the service".

The team clarified that "these websites are the website of the Supreme Judicial Council, the website of the head of the wisdom movement Ammar al-Hakim, the website of the Dawa Party, the website of Al-Ahd channel, the website of Afaq channel, the website of Al-Ghadir TV, and the website of Watan TV." LINK

Samson:  A government meeting to complete the project to modernize public financial management systems

25th August, 2022

Thursday, the Ministry of Finance held an expanded meeting to complete the project to modernize public financial management systems.

A statement by the ministry stated that Mawazine News received a copy of it, that "the Minister of Finance and Agency Ihsan Abdul-Jabbar chaired an expanded meeting to complete the stages of preparing the project to modernize the public financial management systems IFMIS, with the participation of members of the project's steering committee and the head of the project management team PMT, and the AARC consultancy company for the ICC contract, in the presence of the Undersecretary of the Ministry and directors of the departments concerned with the implementation of the project.

The statement added, "During the meeting, reports related to the project's work were reviewed in terms of studying the market and potential risks, as well as approving the outputs of the first phase of the project, in addition to discussing the strategic factors for the success of the IFMIS project (19??), and providing all means within efforts to complete it in a manner that ensures its safety from various potential strategic risks.

He pointed out that "the basis for implementing the digitization of financial management was discussed during the meeting, which includes implementing the first phase of the integrated financial management system, presenting new ways of working to be implemented through new tools and practices, in addition to integrating and simplifying public financial management processes, as well as enhancing planning, strategy and optimal use of financial resources.

According to the statement, Abdul-Jabbar stressed that "the application of the system will work to achieve a set of goals, the most important of which is financial discipline, reducing errors, achieving efficiency and effectiveness in the use of government resources, in addition to providing accurate and real-time data and information on all government financial information that helps provide services efficiently and effectively." Pointing to raising the level of financial transparency, follow-up, control and financial accountability, as well as increasing the ability to properly plan government cash flows.

The statement continued, "The system is a means of linking all public government agencies and contains all the functions of public financial management from the financial and accounting operations that take place in all stages of preparing and implementing the budget, starting from the strategic planning stage and ending with the accounting stage and submitting final accounts."

He pointed out that "the process of implementing the system comes within the framework of the adoption of the financial and economic reform project represented in the white paper, and with the aim of shifting towards integrated financial and accounting management that is consistent with internationally approved programs and systems."   LINK

Paulette:  Happy Day for Dinar Holders!!!!  Interesting timing considering court case on Tuesday......

MilitiaMan:  Yes indeed.. The cogs are turning and are getting plenty of grease.. lol ~ MM

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Samson:  12.4 billion dollars, the value of the “Central of Iraq” initiatives to revive the economy

26th August, 2022

During the past few years, the Central Bank of Iraq launched several development initiatives, which amounted to 18 trillion dinars (approximately 12.4 billion dollars) in order to revive the country's economy, which has gone through difficult conditions as a result of the crises in Mesopotamia, from the war on ISIS to low prices. Oil, which constitutes a large proportion of the public budget.

The initiatives of the Central Bank of Iraq included vital and effective sectors that approach the requirements of citizens, especially housing, renewable, agricultural and industrial energy, by enabling citizens to obtain loans through private banks to buy and build a residential home, as well as financing small, medium and large projects.

Economical development

Last June, the Central Bank of Iraq announced that it would continue to provide the necessary funding for its development initiatives, and raised its financial amounts to reach 18 trillion dinars (approximately 12.4 billion dollars).

According to a statement by the Central Bank of Iraq, the increase in financial allocations comes in response to the success achieved in the development initiatives launched by the bank to finance various private sector projects and housing loans.

The bank said that this increase will contribute to financing economic development projects, increasing local production and reducing unemployment by providing job opportunities, as well as contributing to supporting various government efforts to confront climate change.

It is noteworthy that the investment portfolio of the Central Bank of Iraq represents a real support and a catalyst for economic growth along with the various government efforts.

A big role

The Governor of the "Central of Iraq" Mustafa Ghaleb Mikheib confirmed, earlier, that "the Bank played a major role in moving the wheel of the economy and its progress, as our development initiatives, which exceeded 17 trillion dinars, targeted active and vital sectors, including all segments of society and its categories."

Deputy Governor of the Central Bank, Ihsan Shamran al-Yasiri, said, "The bank has turned, since the beginning of last year, in cooperation with the Ministry of Environment, to invest in the fields of green economy and renewable energy in Iraq, and work has begun to form a special committee for renewable energy, after which the Central Bank Governor approved the launch of an initiative worth a trillion dinars.

Al-Yasiri added, in a previous statement, that "the Central Bank decided that the loans granted with an administrative commission only, and target all sectors of housing and business," noting that "the establishment of the solar energy system will contribute to improving the environment and reducing risks.

National economy

Adviser to the Association of Iraqi Private Banks Samir Al-Nusairi described the Central Bank of Iraq and the banking sector as a mainstay for building a free national economy, strengthening the foundations of the Iraqi state and pushing it towards the process of growth and economic stability.

Al-Nusairi considered that building this sector on scientific foundations with the use of modern technologies and reliance on the best national expertise contributes greatly to the development and investment program, as it is the first financing link for small, medium and strategic projects during the past years until the present.

He pointed to the efforts made to support and stimulate the economy through rational use of monetary policy tools, safe investments, and flexible and balanced applications with the complex economic problems that Iraq has suffered and suffer from, the effects of economic closure, stagflation and changes in the global economy, especially the food and energy crises, the Corona pandemic, the war on terrorism and the Russian-Ukrainian war. 

He added that the Central Bank's foreign reserves amounted to 82 billion dollars and its reserves of gold amounted to more than 130 tons, which is the fourth in the Arab world and the tenth in the world.  LINK

Samson: The General Secretariat announces the near completion of the second phase of the e-governance project

26th August, 2022

Announced today, Friday, the imminent completion of the second phase of the e-governance project, and while it revealed efforts for comprehensive digital transformation in state institutions and the trend to transform the granting of health certificates from paper to electronic, it confirmed the imminent completion of linking Governorates in entities not associated with ministries.

A spokesman for the General Secretariat of the Council of Ministers, Haider Majid, told the Iraqi News Agency (INA), that "the e-governance project is proceeding with the steps set by the Supreme Committee headed by the Secretary-General of the Council of Ministers," noting that "the Supreme Committee has completed the preparation of the project and has entered into the implementation phase. There are advanced and advanced stages of the project.

Majid added, "The National Data Center, through the Ur electronic portal, and in cooperation with all official institutions and bodies not associated with ministries and governorates, has completed many programs," noting that "the Ur electronic portal will provide more than 100 services to citizens."

He pointed out that "there are memoranda of understanding put forward by the National Data Center with international and local organizations to support the center's work," explaining that "the center is now working on the process of converting the issuance of books of health certificates from paper to electronic." 

He added, "The center works in coordination with all ministries, institutions and governorates to transform electronically, and there are workshops to equip institutions with devices and equipment related to the issue of electronic automation."

 He pointed out that "more than 90,000 documents have been dealt with between the General Secretariat of the Council of Ministers and the ministries through the management of electronic document programs as a first stage," explaining that "the work will be completed soon in the second stage, linking the governorates with the entities not associated with the ministries."

And he indicated that "there is no specific time for the end of the work of e-governance in the Iraqi government," stressing that "the government and the General Secretariat of the Council of Ministers are seeking a comprehensive digital transformation, and there are no significant obstacles in the file."

LINK

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Samson:  China cancels some of its debts owed to 17 African countries

25th August, 2022

China announced the cancellation of some of its debts owed by 17 African countries.

This came in a speech delivered by Chinese Foreign Minister Wang Yi in front of ministers and representatives of African countries during the Forum on China-Africa Cooperation, which was held remotely, about allocating reserves with China in the International Monetary Fund for the benefit of the countries of the continent.

The decision relates to canceling 23 interest-free loans to 17 African countries that were overdue in 2021.

China did not clarify the size of the debts that will be written off, nor the names of the countries involved in the decision, quoting the Saudi Press Agency, "SPA".   LINK

MilitiaMan and KTFA Members "The Clock is Ticking" Friday 8-26-2022

KTFA:

Samson:  Legal expert: Recent events open the door to international intervention in Iraqi affairs

25th August, 2022

The legal expert, Ali Al-Tamimi, confirmed that the recent events open the door to the intervention of the United Nations in the internal affairs, pointing to the importance of holding an emergency session of Parliament in order to correct the situation.

Al-Tamimi told Al-Maalouma, "The recent events will be a justification for the intervention of the United Nations and the issuance of a Security Council resolution in accordance with Articles 39, 24 and 34 of the UN Charter, because the disruption of constitutional institutions gives the Security Council a justification for intervention in countries, as they are considered countries where a breach of peace and security has occurred. internationals".

He added, "Parliament must hold an emergency session in accordance with Article 58 of the Constitution at the invitation of the Speaker, or at the request of 50 deputies, or at the invitation of the President of the Republic, as it is an issue related to security."

And he indicated that "the council, in the event of its convening, takes the steps by which it dissolves itself after a certain period and grants the government the emergency power stipulated in the constitution until early elections are held without condition or restriction because the country is going through a dangerous turning point and allows unwanted international interference."  LINK

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Sir:  IMO-This happened in early February when parliament dissolved itself by not electing the presidents and the Prime Minister. They violated their constitutional law and were no longer a part of the government.

This puts Kazemi in full control of the government and its duties according to the constitution. With the corruption in so many areas of the government and private sectors, Kazemi and his team are doing a remarkable job of bringing the corrupt to justice.

 As far as the UN , “forget it” they tend to bring trouble with them every time they get involved. The UN’s house needs cleaning before it can even be credible or even relevant in today’s world. When Kazemi needs help, he has the people of Iraq and they are ready and willing to be of service to Iraq. 

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MilitiaMan:  Whether we like the UN or not, they bring arrows in their quiver to the table. Because of what you say above has some relevance,  it is not however, taking into consideration that the corruption that is so rampant and that there has been unprecedented threats against not just the judiciary, but the finance minister and political side of the circumstances.

Sadr's right hand man was assassinated if I recall correctly.  Al-Alawi was threatened with his life and with black mail in teh mix, politicians wanting to speak out are asking for protection to do so, as speaking out  can be a death sentence for anyone in doing so.

Do to the "" emergency the UN describes may from the legitimacy given by UN  whether we like it or not, can be wielded now under such circumstances as to be the bad guy... It wasn't us that dissolved the parliament it was them..

There is data out lately to support that if they don't have things sorted accordingly in short order they can impose Chapter VII tutelage..  That my friends would not be in our favor. imo.. So, lets not shoot them in the foot and think they are not relevant.. imo They are.

If they do intervene under the articles above, then, all those that have been threatened can possibly sleep a little better knowing they were not the ones that dissolved them selves. The UN will have that on their hands again, whereby if by issuing a Security Council resolution becomes the action taken. We shall see if the previous dissolution proves this is all just a dog and pony show or not.

Btw.. The EFSL became law in middle of JULY  - ish 2022.. That CBI 50 day mention about exchange rate change noted in the article yesterday has relevance to auctions and to timing.

The breach of the auctions within the 50 days of an exchange rate change was acted on and we see the results of that in the article. Alawi was given the green light we recall, hence, once he was threatened he had to protect himself. That guy in the article has lost many things from his corruption..

The clock is ticking.. IMO.. ~ MM

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Samson:  Al-Kazemi’s advisor identifies the supervisory bodies supervising the emergency support law 

25th August, 2022

Thursday, the Financial Adviser to the Prime Minister, Mazhar Muhammad Salih, confirmed the entry into force of the Emergency Support Law for Food Security and Development, while specifying the supervisory authorities that supervise its implementation.

 Saleh said, "The Emergency Support Law for Food Security and Development No. 2 of 2022 has now entered into force, especially after the financial instructions accompanying the same law were issued."

He added, "The work will continue to apply the law until the completion of the distribution of its allocations to the exchange sections stipulated by the law and which are detailed by the financial instructions."

He pointed out that "the central control agencies referred to in Article 14 of the Emergency Food Security Law are responsible for exercising their supervisory and legal functions in the best way, in addition to the central role in implementation and follow-up, which is assumed by the ministries of finance and planning to ensure the accuracy of the law's application."   LINK

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ATPinfinity:  the Emergency Support Law for Food Security..... of 2022 has now entered into force, especially after the financial instructions accompanying the same law were issued.

were issued.were issued.AS IN TODAY!

Remember all the talk about ....MECHANISMS (ACTIVATION?)
especially after the financial instructions.....were issued.
......THIS IS A MAJOR MECHANISM ANNOUNCEMENT!

"...work will continue to apply the law until the completion of the distribution of its allocations to the exchange sections...detailed by the financial instructions."

(WE ALL PONDER THESE WORDS)
"to apply the law until the completion ..exchange sections...financial instructions."
ALSO:*****NOW WE SEE WHY PARLIAMENT TRIED TO HIGH-JACK FOOD SECURITY LAW YESTERDAY!*******IMO AGAIN

Deputy: The Presidency of Parliament rejected a proposal related to the Food Security Law

25th August, 2022

The independent deputy Haider Ali Sheikhan revealed, on Thursday, the rejection of the Presidency of the House of Representatives, a proposal submitted by 160 elected members of Parliament to supervise and control the funds allocated in the Food Security Law.  

Sheikhan said in a statement to "Al-Maalouma", "The request was submitted by us before the vote on food security, but it was rejected," noting that "the proposal includes putting a paragraph in the Food Security Law. Members of the House of Representatives elected by the people have the right to supervise and follow up on funds in a law Food security". 

Mark:  I COULD CARE LESS ABOUT THE GOVT......THE CBI CONTROLS THE NUMBERS .... THE POOR CITIZENS WHO HAVE SUFFERED ENOUGH WILL NOT WAIT FOREVER FOR THE PROMISED PURCHASING POWER AND THE SHARE OF THE WEALTH OF THEIR COUNTRY AND A GOVT FOR THE PEOPLE & BY THE PEOPLE ..... GET READY FOR SOMETHING TO EXPLODE ....ALL IMO

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Samson:  Reveal the amount of deposits in Iraqi banks

08/26/2022 10:34:44

 An economist estimated the amount of deposits in Iraqi banks and banks.

Manar Al-Obaidi said in a statement that {Euphrates News} received a copy of it: "The amount of deposits in Iraqi banks is estimated at 100 trillion dinars."

And he indicated that "the amount of deposits with private banks is about 20% of the total deposits."

Al-Obaidi pointed out that "five private banks account for 51% of the total private sector deposits." He pointed out that "the volume of cash outside the banking system is about 70 trillion dinars."  LINK

KTFA Members "News and Views" Thursday Afternoon 8-25-2022

KTFA:

Samson:  Wasit Governor announces the launch of projects listed in the emergency support law

25th August, 2022

Today, Thursday, the Governor of Wasit, Muhammad Al-Mayahi, announced the launch of the projects listed in the Emergency Support Law for Food Security and Development.

Al-Mayahi said in a statement issued by his office, received by the Iraqi News Agency (INA): "We announce, with God's blessing, the launch of the first batch of projects that were included in the budget of the Emergency Support Law for Food Security and Development, after we completed the listing requirements in accordance with the directives and instructions of the Ministry of Planning."

He added, "The governorate hereby announces these projects to companies to apply for them in accordance with the established legal contexts and mechanisms, and we call on the sober companies that have succeeded in implementing projects in Wasit to submit and compete for the announced projects with high transparency, and without any compliments."

He pointed out that "the new projects are capable of greatly improving the service reality, and making a qualitative leap at the construction level in the province."  LIN 

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Samson:  Legal expert: Recent events open the door to international intervention in Iraqi affairs

25th August, 2022

The legal expert, Ali Al-Tamimi, confirmed that the recent events open the door to the intervention of the United Nations in the internal affairs, pointing to the importance of holding an emergency session of Parliament in order to correct the situation.

Al-Tamimi told Al-Maalouma, "The recent events will be a justification for the intervention of the United Nations and the issuance of a Security Council resolution in accordance with Articles 39, 24 and 34 of the UN Charter, because the disruption of constitutional institutions gives the Security Council a justification for intervention in countries, as they are considered countries where a breach of peace and security has occurred. internationals".

He added, "Parliament must hold an emergency session in accordance with Article 58 of the Constitution at the invitation of the Speaker, or at the request of 50 deputies, or at the invitation of the President of the Republic, as it is an issue related to security."

And he indicated that "the council, in the event of its convening, takes the steps by which it dissolves itself after a certain period and grants the government the emergency power stipulated in the constitution until early elections are held without condition or restriction because the country is going through a dangerous turning point and allows unwanted international interference."  LINK

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Samson:  The President of the Republic praises Europe's efforts to recover Iraq's smuggled money

25th August, 2022

The President of the Republic, Barham Salih, stressed today, Thursday, that the relationship with the European Union is important, and the need to strengthen it in the areas of combating terrorism, economic and climate cooperation and combating corruption

A statement by his media office stated that "the President of the Republic received at the Peace Palace in Baghdad, the Ambassador of the European Union to Iraq, Phil Variola, to discuss joint relations between Iraq and the European Union, and the importance of strengthening and developing them in various fields. The support provided by the European Union in the political, security and humanitarian fields was also praised." and economic

He added that "Iraq is keen to strengthen cooperation relations with the European Union on many basic issues, especially combating terrorism and extremism, supporting the Iraqi economy, helping to combat corruption and recovering smuggled funds, and supporting efforts to confront the climate change crisis and protect the environment

For his part, Ambassador Variola reiterated the EU's commitment to "supporting Iraq and seeking to strengthen bilateral relations in various fields, as well as support political stability and promote development in the country  LINK

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DoTalkToMe:  I  know about the 30 days from the end of July. I don't know anything about 50 days, or when it started.  Can anyone shed some light on this. Thanks in advance.

Sir:  IMO-If you are thinking that it has something to do with the RI, it doesn’t. It’s about manipulating the foreign currency auctions and that’s it.. Removing the corruption!

VenusTwo2:  Iraq election was October 10,2021. October 10,2022 is fast approaching . According to the cc and articles they were given 30 days in August, but was extended to 50 days. We shall see if anything comes of this. They might just drag out some more.

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Samson:  7 years imprisonment for “Ismail Mosbeh” with the seizure of his money

25th August, 2022

On Thursday, August 25, 2022, the Karkh Criminal Court issued a seven-year prison sentence against the so-called “Ismail Mosbeh Muhammad Habib” for insulting the public authorities and official departments represented by the Supreme Judicial Council and the courts.

The court stated in a document obtained by the obelisk, that “it was decided to sentence the fugitive convict, “Ismail Mosbeh Muhammad Habib,” to a temporary prison sentence of seven years in accordance with the provisions of Article 226 of the amended Penal Code No. 111 of 1969, for the crime of insulting the public authorities and official departments represented by the Judicial Council. The Supreme Court and the courts during a television interview in 2021.”

The court also decided, according to the document, “to issue an arrest warrant against the aforementioned convict in accordance with the provisions of Article 226 of the Penal Code and to notify the competent authorities of its implementation, while supporting the seizure of his movable and immovable property.”  LINK

Samson:  Economist: Smuggling of hard currency is carried out through private banks

24th August, 2022

The economic expert, Abdul Rahman Al-Mashhadani, confirmed, on Wednesday, that the private banks are the only beneficiaries of the Central Bank's sales of dollars by smuggling hard currency out of Iraq.

Al-Mashhadani said in an interview with “The Information” that “the Central Bank of Iraq’s daily sale of huge numbers of dollars is very suspicious compared to the volume of Iraqi imports,” stressing that “the only beneficiary from selling such numbers, which amounted to 300 million dollars per day, are the private banks that You benefit 20 cents from the dollar and one."

He added, "The official import data and numbers that are published do not match the numbers that the Central Bank sells daily," adding that "the Iraqi economy is in a state of depression now due to the unstable political situation, and also the volatile tourism at the present time."

According to observers in the economic field and currency exchange, the Central Bank auction to sell currency in its current form serves many banks affiliated with influential parties and gives them important profits with which they can face the interruption of financing, especially since the selling differences are large between the bank and private banks. LINK

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Samson:  Indian and Chinese companies were the largest importers of Iraqi oil last July

25th August, 2022

The Iraqi Oil Marketing Company "SOMO" announced on Thursday that the Indian-Chinese oil companies were the most numerous purchasers of Iraqi oil during the month of July.

"SOMO" stated in a statistic published on its official website and seen by Shafak News Agency, that "Indian and Chinese companies were the most numerous among other international companies in purchasing Iraqi oil, with 7 companies each out of 35 companies that purchased oil during the month of July." 

She added that "American companies came second with 4 companies, then Italian and South Korean companies came third with 3 companies for each of them, and Russian and Greek companies came fourth with two companies for each one, while the rest were distributed among Spanish, (Dutch-British), Kuwaiti and Jordanian companies. Turkish, Azerbaijani, and Emirati, with one company each.”

Sumo indicated that it "relies in selling Iraqi oil on the main criteria for contracting with major, medium, independent and vertically integrated international oil companies," noting that "the most prominent international companies that bought Iraqi oil are the Indian Hindustan Company, the Korean Kokaz, the American ExxonMobil, the Dutch British Shell and the Italian Eni." LINK

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Lebanon will be without electricity as of tomorrow.. What is the relationship with Iraq?

25th August, 2022

The Electricity of Lebanon Corporation announced, in a statement, that the corporation's stocks of "gas-oil" have run out, which will lead to forcibly putting the Zahrani plant out of service on Friday afternoon.

And she said in a statement: “In sympathy with both the statement of the Electricité du Liban on 03/08/2022, and its letter on the side of the General Secretariat of the Council of Ministers and the Ministry of Finance by His Excellency the Minister of Energy and Water No. 2726 dated 03/08/2022, and since the rest of the energy Produced electricity, which is generated only from the Al-Zahrani plant, which is the only plant remaining on the network, as the Deir Ammar plant ran out of gas oil.”

She added: "As the exchange agreement concluded between Iraq and Lebanon, any shipment of oil for the month of August 2022 in favor of the Electricité du Liban (EDL) has not been supplied by the Ministry of Energy and Water - the General Directorate of Oil, and that the Corporation has not yet been informed whether A shipment of Oil would have been supplied to it during the month of September 2022, bearing in mind that the production of electrical energy from the EDL’s factories was recently dependent only on that agreement.

And she continued: "As it is still to date, the actual date for the arrival of electrical energy from Jordan, and the actual date for the start of extracting natural gas from Egypt, has not been determined, pending the securing of the necessary funding for these two projects by the concerned authoritie

And since the Al-Zahrani plant's storage is from Gas Oil has reached its minimum limit and is about to run out, and in view of this delicate and delicate situation that is beyond the control and responsibility of the entire EDL, EDL reports that the Zahrani plant will be forcibly put out of service on Friday afternoon, 08/26/2022 as a result of the depletion of its reservoir of "Gas Oil", which will lead to the cessation of energy production on all Lebanese territories, provided that the production plants are restarted as soon as the institution is supplied with fuels as soon as possible.  LINK

MilitiaMan and Samson "History of the Iraqi Dinar " and more 8-25-2022

KTFA:

Samson:  **THIS WAS POSTED BY THE CBI YESTERDAY**

MilitiaMan:  Thank you Samson!! The education continues.. imo ~ MM

History of the Iraqi Dinar

24th August, 2022

When Iraq was part of the Ottoman Empire, a number of European currencies were in circulation alongside the Ottoman lira. After the British mandate after World War I, Iraq merged with the Indian monetary system run by the British and the rupee became the major currency in circulation at the price of dinar = 13.33 rupees.

(1950-1930)

In 1931, the Iraqi Currency Council was established in London for the purposes of issuing banknotes and keeping a reserve of the new dinar currency. Currency board, a conservative monetary policy concluded by holding extremely high reserves as a cover for the dinar. The strength of the dinar has been strengthened by its tie to the British pound, where it was tied at the equivalent price with the British pound until 1959.

In 1947, the National Bank of Iraq was founded, a government bank and abolished the Currency Council in 1949, which was founded in London, when the new bank was handed over the responsibility of issuing banknotes and retaining the reserve. The Iraqi National Bank continued to follow the reserve monetary policy and retained 100% of the reserves as a cover for the existing local currency.

During the recent years of Ottoman rule, the commercial exchange became an important player in foreign trade during the British mandate. British banks have dominated, but traditional cash agents have continued to grant some local credit and offer limited banking services.

Banking expansion may have stumbled by limited use of cash, smaller economy size and savings as banks offered services almost exclusively to foreign trade. In the mid-thirties, the Iraqi government decided to create banks to provide credit to other sectors of the economy. In 1936 the government established the Agricultural and Industrial Bank. In 1940, the bank was divided into the agricultural bank and the industrial bank and the capital provided by the government each increased significantly.

The government established Rafidine Bank in 1941 to be the main commercial bank with the central bank, but the Iraqi National Bank became the government bank in 1947. The real estate bank was founded in 1948 and its main purpose was to finance the purchase of the role by individuals, the Mortgage Bank was founded in 1951 and the Co-operative Bank in 1956. In addition to these government banks, branches for foreign banks and private Iraqi banks have been opened as a result of the expansion of the economy.

(1990-1950)

In 1956, the National Bank of Iraq became the Central Bank of Iraq. His responsibilities included issuing and managing currency, oversight of foreign currency transactions, supervision and monitoring of the banking system. The bank kept government accounts and worked on managing government loans. Over the years, the legislation has lost the authority of the Central Bank. In 1959, the currency was linking from the British pound to the US dollar and the dinar = 2.8 dollars.

On July 14, 1964, all banks and insurance companies ruled and strengthened banking during the second decade. Following the depreciation of the dollar in 1971 and 1973, the value of the Iraqi dinar rose to $3,3778 per dinar.

By 1987, the banking system was composed of the Central Bank of Iraq, the Bank of Mesophants, the Agricultural Bank, the Industrial Bank, and the Real Estate Bank. A 5% reduction in the value of the dinar led to its value falling to $ 3,2169, the official price that lasted until the Gulf War although in late 1989 the black market price recorded 1.86 dinar per dollar.

» (2003-1990)

After the Gulf War of 1991 and due to the imposition of economic siege, Swiss printing technology was no longer used as before, a new issue of poor quality banknotes emerged. The previous edition of the Swiss edition became known and it continues to be circulated in the Iraqi Kurdistan region. Due to the excessive government printing of new securities, the value of the dinar decreased rapidly to 3000 dinars per dollar in late 1995.

» (2003-Today)

Following the removal of Saddam Hussein when he invaded Iraq in 2003, the Council of Judiciary and the Office of Ages and Humanitarian Aid began printing more Saddam Hussein banknotes as a temporary alternative to maintain the cash offer until the new currency is introduced.

The Banking Law was issued on September 19, 2003, which made Iraq's legal framework in the field of banking consistent with international standards and the law seeks to strengthen confidence in the banking system by creating an open, secure, sound and competitive banking system.

Between October 15, 2003 and January 15, 2004 the Provisional Coalition Authority issued a new Iraqi currency, metal and paper, where it printed banknotes using anti-counterfeit technologies in order to create a single currency used throughout Iraq and make money suitable More for use in daily life of the public The old banknotes have been replaced by new banknotes and the price of one old dinar is equal to one new dinar except the Swiss dinar which was replaced by the old Swiss dinar is equaling to the new 150 dinars.

The Central Bank of Iraq was established as an independent Iraqi bank under the Law of the Central Bank of Iraq issued on March 6, 2004, and the bank is responsible for:

- Maintaining prices stable

- Implementing monetary policy (including exchange rate policies)

- Management of foreign reserves

- Issuing and Management of Currency

- Organizing the banking sector to promote a competitive and stable financial system

The main headquarters of the bank is located in #Baghdad and it has four branches in (#Basra, #Mosul, #Sulaymaniyah, #Erbil)   LINK

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Samson:  The unified card reaches Iraqis abroad

08/25/2022 07:51:39

The Directorate of Unified Card Affairs in the Ministry of Interior will soon start opening new issuance offices for residents outside the country.

The directorate recently obtained the required approvals to secure five million unified cards within the 1/12 exchange mechanism to ensure the continuation of the printing process.

The Assistant Director-General of the Unified National Card Affairs, Brigadier General Muhammad Sadiq, said, "The opening of offices abroad comes with the aim of facilitating their issuance and facilitating the procedures for registering residents within the project, in addition to establishing a database that includes adequate information for citizens to be approved within the e-government project."

The Directorate of Unified Card Affairs announced on August 17 that the process of issuing cards to citizens will return to normal during the coming period after securing five million copies of them. Citizens recently complained about the delay in issuing the unified cards for up to months, especially after completing the procedures for obtaining them.

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MilitiaMan:  What do we have here? They are issuing cards outside the country? Would that because  they have taken care of everyone or at least real close at home?

Satellite banks around the world would need to be up to date on any new mechanisms coming out..imo Add in the past education and more even today.. Looks promising..

Even if the political side looks to be in an emergency situation..  Which if does get to the emergency powers state then the RI may began in full force.. We shall see. imo. ~ MM

Samson: The Federal Court sets August 30 as the date for hearing the case for dissolving Parliament

25th August, 2022

The Federal Supreme Court has set 08/25/2022, the 30th of August, as the date to consider the case submitted to dissolve Parliament.

The Secretary-General of the Sadrist bloc had filed a lawsuit to dissolve the House of Representatives for its fifth session, and to oblige the President of the Republic to set a date for the legislative elections in accordance with the provisions of Article 64/second of the constitution.

This lawsuit is accompanied by several other lawsuits filed by people against the prime ministers, parliament and the republic, asking them to dissolve the parliament.

On August 23, 2022, Saleh Muhammad al-Iraqi, Minister of Sadr, directed the demonstrators in front of the Supreme Judicial Council to withdraw while keeping the tents.   LINK

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MilitiaMan:  There we go. They again stick to the 08/30/22 date for dissolution.. I wonder if the UN pressure gives it support and global legitimacy that they can do it and move forward with reforms.. We shall see..  ~ MM

KTFA Members "News and Views" Wednesday Afternoon 8-24-2022

KTFA:

Samson:  The World Bank sets the end of 2023 to implement e-governance

24th August, 2022

The World Bank has set the end of next year 2023 as a time limit for all state institutions to implement e-governance programs

A member of the United Nations Convention against Corruption coalition and head of the Al-Nahrain Network to Support Integrity and Transparency, Muhammad Rahim Al-Rubaie, said in a statement reported by the official "Al-Sabah" newspaper,

The World Bank funds governance processes, which must be implemented by all state institutions, especially those of public interest, including the ministries of oil and finance." He pointed out that "it has been funding the Ministry of Finance and the Extractive Industries Transparency Initiative for years to implement projects related to this matter

Al-Rubaie added, "The governance program emphasizes the need for institutions to publish financial statements and contracts to show the financial impact of these explosive budgets in society," noting that its application comes to enhance transparency, noting that "the lack of transparency in Iraq is enough to stop international grants and international investors to implement projects within the country

He continued, "There is a great danger if the project is not implemented in all institutions, especially in the health sector, as a large proportion of the budget allocated to it depends on international grants," noting that "until now no department has expressed its cooperation in this aspect, even if there is work, it is not visible   LINK

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Suzie: We have about a week for the banks to be "hooked up" internationally, will we and the people of Iraq who've been waiting on their purchasing power be dancing in the streets.....or do the dinars go back into the shoebox?  We wait and pray......just MY opinion...

Patriots12:  Yes... I have to agree... no negativity here but the reality of the situation indicates good vs evil and corruption and at least from my perspective its hard to see what we seek by the end of August.....  only IMO   certainly much has occurred in our favor.... over 1800 final articles   lol   we shall see   IMOO

AshlyD:  Both Sadr an Kadzimi have said shortly the people would have their reward, I am with you SUZIE. Their credibility is on the line.  In IMHO  based on history and the lack of follow through we will have to wait longer …hope not . The natives are getting restless everywhere, and that's a good thing... We wait .

Suzie:  I'm going to have to agree, everyone's getting tired of all the rhetoric and dancing around the campfire, Iraq, you apparently have the backing and goodwill from Kazemi and Sadr, it's time you give the people what you've promised and with the banking information going the direction we've been told/taught, international contracts signed in dinars, not USD's, the EFSL was voted in to give them the go-ahead to proceed.....so...?  just my opinion! 

DoTalkToMe:  The Silver lining....Corrupt leaders and there underlings are being rounded up.
The bought off judges are exposed. Billions of stolen dinars have been, or are being returned to the country. A Dinar is a Dinar is a Dinar. Purchasing power is on the horizon. How far is the Horizon...it is always before you...

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Samson:  For the first time in Iraq... The International Islamic Bank launches work for A & B exchange companies

24th August, 2022

The International Islamic Bank launched, on Wednesday, the work of the A & B exchange companies for the first time in Iraq.

In a statement today, the managing director of the bank, Suha Al-Kafaei, said that this matter is being given an official secondary agency to serve Western Union. She added that this service will be available in all governorates to achieve financial inclusion.

The bank’s management had targeted, within the initiative of the Central Bank, one trillion dinars allocated to the segment of people with limited income with a salary of less than one million dinars and with a maximum ceiling of 15 million dinars, and who account for 40% of the state’s employees of the International Islamic Bank’s Debit card card holders whose salaries have been authorized by the bank.

Managing the bank by deducting monthly installments electronically without human intervention, in order to purchase in installments, benefiting from the offers of commercial companies to meet their health and scientific needs, as well as providing the opportunity to purchase in installments for the requirements of the home for their families and children in order to improve their social status.

The bank’s management worked to simplify and automate the financing procedures through various electronic projects that took great effort and money and took 7 years of outstanding qualitative performance led by a team of efficient trained human resources of Iraqi youth, according to the statement.  LINK

Samson: An economist warns of a “missing opportunity” for the rise in oil to Iraq

24th August, 2022

An economist warned of the high "chance" of rising crude oil prices for Iraq.

Nabil Al-Marsoumi told {Euphrates News}, "Iraq has missed many opportunities this year and in recent years in investing oil money in achieving a great economic and productive renaissance."

And he indicated that "Iraq is perhaps the only country affected by the drop in oil prices because of its heavy dependence on it, so that the rise in oil prices had negative effects on Iraq because the adoption of the Food Security Law increased operational expenditures and public burdens." 

Al-Marsoumi stressed that "any expansion of government spending is so effective that Iraq has become the only oil country for which oil is a curse because of the poor management of its resources," he said.

LINK

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Samson:  Arrest warrants issued against the former governor of Salah al-Din and a group of employees

24th August, 2022

On Wednesday, the competent investigative court issued arrest warrants against the former governor of Salah al-Din and a group of other employees, which deals with integrity issues in Rusafa.

The Media Center of the Supreme Judicial Council stated in a statement today, "The arrest warrants come in accordance with the provisions of Article 340 of the Penal Code for suspicions of corruption and irregularities in the security development project for Salah al-Din Governorate."

On May 19, a parliamentary source revealed the dismissal of Salah al-Din Governor Ammar Jabor al-Jubouri from his position by order of the Presidency of the Council of Ministers to the House of Representatives.

The source told Shafaq News Agency, "The reason for dismissal of Al-Jubouri came after the recommendation of the investigative committees in the Council of Ministers, which diagnosed the mismanagement of the province and the waste of public money, and accordingly the committees recommended in their report that the governor be relieved of his position."

On the same day, the Iraqi parliament voted, in today's session, to dismiss the governor of Salah al-Din Ammar Jabour al-Jubouri by an absolute majority.

Last Sunday, the dismissed governor of Salah al-Din, Ammar al-Jabour, announced that he would reveal files of financial corruption to all politicians without exception, calling for international protection for him and his family, while former MP Mishaan al-Jubouri hinted that he would also reveal corruption files.  LINK

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Samson: The Sunni Endowment..a cave that swallowed billions, with the confession's elites confessing

24th August, 2022

The Sunni endowment in Iraq has become a source of embarrassment for the Iraqi state at home and abroad, after a series of resounding scandals, the last of which was in the past few days, when directors of the endowment appeared dancing in a car roaming the streets of Lebanon, to reveal information after that the endowment sent them to study In Beirut. Before that, the issue of the magic broom, trading in the Qur’an, corruption of projects, extravagance, and looting of endowment funds.

Popular circles were shocked by the video, where activist Alaa Al-Khalidi commented: How do these people represent a religious endowment in Iraq?

A video of the former head of the Sunni Endowment, Saad Kambash, sparked widespread popular resentment.

Kambash appeared in the video while roaming freely in the streets of Erbil without accountability or supervision, even though he is wanted by the judiciary.

The head of the Al-Hal Party, Jamal Karbouli, who has been out of sight for a while after his release from prison after being accused of corruption, said that the Sunni Endowment is one of the most important caverns of corruption in which the money of the people who stopped it a thousand years ago is wasted.

Karbouli said that these funds were lost today in the hands of the corrupt heads and managers of endowments who have been in succession for the endowment since 2003.

In a resounding scandal, the Sunni Endowment made the biggest corruption deal by buying a hotel used for prostitution.

Documents seen by the obelisk indicated that the Sunni Endowment had made the biggest corruption deal by buying the Ramada Hotel at multiple times its real price. And the Integrity Commission announced, last Friday, the issuance of an arrest and search warrant against the head of the Sunni Endowment and a number of officials in it, against the background of the case of buying a hotel in the region worth 47 billion dinars.

And the Houses of God were not safe from corruption, as the Integrity Commission seized earlier, purchase receipts for the restoration of 37 mosques affiliated with the Sunni Endowment Directorate in Mosul for the year 2008, and sums amounting to nearly two billion dinars.

According to investigations, most of these receipts are incorrect and forged.

The authority reported the existence of suspicions in the Sunni endowment and the issuance of two recruitment orders against general directors of the endowment, against the background of contracting with a group of satellite channels, in violation of the regulations, despite the bureau's possession of a satellite channel.

And an account on Twitter in the name of an Iraqi minister revealed that the Sunni Endowment had contracted with a fake shop to buy a broom of fronds at a value of 145 million dinars, indicating that the great disaster was the absence of the broom in the first place and that the contract was fake.

A document revealed a waste of public money amounting to 6 billion dinars to print the Noble Qur’an in the Sunni Endowment.

The leader of the Alliance of Progress Abdullah Al-Kharbit revealed that the Sunni Endowment Office owns 11,000 properties outside Iraq, while noting that the value of all Sunni Endowment properties reaches 750 trillion dinars.    LINK

More "News and Views" From Frank26 and KTFA Tuesday Night 8-23-2022

KTFA:

Frank26:  "THE CBI GOVERNOR TAKES NO PRISONERS... FOR THE MONETARY REFORM"......F26

Withdrawing the license of Al Habib Company to mediate the sale and purchase of foreign currencies

21st August, 2022

Based on the decision of the Board of Directors of this bank No. (125) of 2022, and in view of the violation of the company (Al-Habib to mediate in the sale and purchase of foreign currencies) the provisions of the controls regulating the work of exchange and mediation companies in the sale and purchase of foreign currencies No. (1) of 2022 amended.

It was decided to withdraw the license of the above-mentioned company and to confiscate the insurance deposited with this bank in the amount of (50,000,000) dinars (fifty million dinars) in favor of this bank, and to cancel the certificate of incorporation granted to this company by the Ministry of Commerce / Companies Registration Department, and the Ministry of Commerce must provide the bank with a write-off letter The name of the company from their records, and the certified liquidation minutes and letter.  LINK

The Central Bank of Iraq withdraws the license of a financial mediation company and confiscates its insurances

21st August, 2022

The Central Bank of Iraq announced, on Sunday, the withdrawal of the license of a mediation company for the sale and purchase of foreign currencies for violating instructions and confiscating its insurance amounting to 50 million dinars.

The bank said in a statement received by Shafaq News Agency, that "in view of the violation of the (Al Habib) company to mediate for the sale and purchase of foreign currencies with the provisions of the instructions regulating the work of mediation companies and the purchase of foreign currencies, it was decided to withdraw the company's license."

He added, "It was also decided to confiscate its deposits of 50 million dinars in the bank in favor of this bank," calling on the Ministry of Commerce to "cancel the certificate of incorporation granted to the company, in addition to writing off the company's name from the records and providing the Central Bank with the certified liquidation letter."

The Central Bank of Iraq was established as an independent body under its law issued on March 6, 2004, after it was linked to the Ministry of Finance before this date. It is responsible for maintaining price stability and implementing monetary policy. It supervises 25 commercial banks, 26 private banks, and 28 Islamic banks. In addition to 16 foreign banks, as well as 6 financial institutions and 31 money transfer companies.  LINK

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Frank26:  "REALLY!!!???.......... EDDIE SAYS THIS MUCH RESERVES FOR A PROGRAM RATE???!!!"....F26

The Central Bank: The cash reserve will rise to $90 billion by the end of 2022

21st August, 2022

Today, Sunday, Deputy Governor of the Central Bank, Ammar Khalaf, expected the central bank’s cash reserves to reach 90 billion dollars at the end of this year, while he indicated an increase in gold reserves by 30 tons

Khalaf told the Iraqi News Agency that "the rise in the central bank's reserves came as a result of the rise in international oil prices, and this is reflected in the rise in reserves," expecting "the reserve to reach 90 billion dollars by the end of this year

He added that "the current reserves of the Central Bank amounted to more than 80 billion dollars," noting that "the gold reserves amounted to more than 131 tons, as it increased by about 30 tons, and this led to a high ranking of Iraq globally

He stated that "gold is not increased continuously, but rather through long periods  LINK

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Frank26:  "AGAIN... CBI CONTROLS TO PROTECT THE CURRENCY AND MONETARY REFORM AND HER BANKS!!!"..... F26

Integrity reveals fraud and embezzlement of 14 billion dinars in Al-Rafidain Bank

22nd August, 2022

The Investigation Department of the Integrity Commission announced that it had seized fraud and embezzlement in a government bank in Baghdad, indicating that the total embezzled funds amounted to (14,000,000,000) billion dinars.

The department indicated, in its talk about the seizure that was carried out by the work team of the Baghdad Investigation Directorate, based on a judicial seizure memorandum, that the team was able, after carrying out investigations, to detect fraud and embezzlement at Al-Rafidain Bank - Al-Mustansir Branch, pointing out that the employees embezzled their amount. (14) billion dinars, including loans for the Basmaya housing complex.

She added that the team was able to apprehend (10) suspects from the bank's employees, after they moved to four of the Rafidain Bank branches in Al-Rasheed Street, Karada Maryam, Al-Hussainiya and near the International Railway Station. To seize the accused who were transferred earlier to the mentioned bank branches.

The department indicated that seizure reports were organized and presented, along with the accused, to the judge of the Rusafa Investigation Court, which is specialized in issues of integrity, money laundering and economic crime, who decided to arrest them in accordance with the provisions of Article 316 of the Penal Code.  LINK

Samson:  Integrity Carried Out 45 Arrests Of Accused And Files During The Month Of July

23rd August, 2022

The Investigations Department of the Integrity Commission announced today, Tuesday, that it carried out (45) seizures in Baghdad and the provinces during the month of July

A statement by the department, received by Earth News, stated, "The work team of the Commission's investigation office in Maysan diagnosed fraud and poor implementation in a construction project at a cost of (7,600,000,000) billions of dinars

He added, "The poor implementation and manipulation of building materials for the administration and passports building at the Al-Sheeb border crossing led to the fall of the building, and in Kirkuk, the commission's investigation office in the province revealed suspicions of corruption in the paving project of the street connecting from Sargnar Bridge to the entrance to the province from the direction of Sulaymaniyah, in addition to Suspicions of corruption in the contract for the supply of a mask   of Sibab in the Kirkuk Health Department

The statement added, "The Najaf Investigation Office monitored violations in the Governorate Health Department, represented by the department's employees organizing recycled purchase transactions from 2021 in the amount of (395,860,000) million dinars; Despite the lack of financial provision, in Dhi Qar, the work team of the Governorate Investigation Office was able to stop the disbursement of amounts (120) contracts; The presence of fraud, forgery and violations in the Persons Contracts Division in the governorate, pointing out that “the addition of these operational contracts after forging the margin of the deputy governor and project accounts manager with approval and financial allocation by fixing the margins with (scanner) on the applications submitted for contracting and completing their contractual procedures

He stated that "in Diyala, a transfer was made to the province's Electricity Distribution Company, and the priorities for the implementation of a project to rehabilitate networks in a number of villages were set, with the feeders divided by referral to a contracting company, but the investigations of the authority's office in the province confirmed that the implementation on the ground was carried out by Employees of the Diyala Electricity Directorate and using its mechanisms, while the Anbar Investigation Office team was able to detect cases of fraud and waste of public money, after forging the signatures of the committee to supply an electric generator to the mayor of Rawa District, which caused a waste of (49,140,000) million dinars after promoting the advance exchange transaction with forged signatures

He pointed out that “64 files were seized for beneficiaries of the allocation report in the directorate of the municipality of Hilla; For the directorate’s property manager to prepare a record of allocating plots of land with areas larger than what is legally permitted, as well as allocating plots to people who were previously allocated to them, in contravention of the controls and instructions   LINK

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Samson:  Iraq possesses about 500 billion dollars smuggled... How can it be recovered?

23rd August, 2022

The legal expert, Ali Al-Tamimi, stated that Iraq has about 500 billion dollars smuggled abroad, explaining that the law guarantees Iraq to recover these amounts from the banks to which it was smuggled.

Al-Tamimi told Al-Maalouma, "The 2005 money laundering agreement related to the recovery of smuggled funds in accordance with Articles 55 and 56, including a fee for the recovery of these funds, was signed by Iraq in 2007 by Law 35 of 2007, and the value of the smuggled funds is estimated at 500 billion dollars."

He added that "the US Federal Bank has 65 billion dollars belonging to the previous regime, and it belongs to the Iraqi people, and Iraq can claim it in accordance with Article 28 of the Iraqi-American Strategic Agreement of 2008, which allows Iraq to request economic assistance from America."

He pointed out that "Article 50 of the Charter of the United Nations allows countries that are fighting sides under Chapter VII, to request economic assistance from the Security Council, and Britain and France have announced their readiness to help, and Iraq has fought the terrorist Daesh that is under Chapter VII under Resolution 2170 of the Security Council."

Al-Tamimi stressed, "Iraq is still under Chapter VI of the UN Charter, because there are financial assets with Kuwait worth 4 and a half billion dollars. If the political, security and economic crises continue, the Security Council in Iraq may return to international tutelage, that is, Chapter VII of the Charter of the United Nations."   LINK

KTFA Members "News and Views" Tuesday PM 8-23-2022

KTFA:

Samson:  Oil prices cross $100 a barrel again

23rd August, 2022

Oil prices exceeded $100 a barrel again after a period of decline.

According to the latest update, the price of a barrel of Brent crude reached $100 and 10 cents, while its price from the OPEC basket was $99.96.

US crude recorded $93.94 a barrel.   LINK

Samson:  $30 million a day.. The appearance of Muhammad Salih summarizes the losses of the ISIS war from 2014 to 2017

23rd August, 2022

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said that the war on terrorism in the years 2014 to 2017 cost the Iraqi treasury about 30 billion dollars, indicating that terrorism robbed nearly a fifth of Iraq's non-oil GDP

Saleh added in an article he published on the Iraqi Economists Network website that "the costs of daily military operations rose from 5 million dollars per day to nearly 30 million dollars per day, which are expenses required by the fields of war against terrorism

He pointed out that "terrorism led to the displacement of about 6 million citizens of the occupied governorates, which raised poverty rates to 30% due to families' loss of sources of income and economic activity, as well as the increase in unemployment rates

He pointed out that "the economic atmosphere at that time remained frustrated by the challenges of recession represented by its three pillars, stagnating prices, declining growth in domestic and gross domestic product, and high levels of unemployment  LINK

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Samson:  Al-Kazemi cut short his visit to Egypt and called for an "immediate meeting"

23rd August, 2022

On Tuesday, Prime Minister Mustafa Al-Kazemi cut short his visit to Egypt, which he arrived yesterday to attend an Arab summit, and returned to Baghdad to follow developments in events, warning that disrupting the work of the judicial institution exposes the country to real risks.

Al-Kazemi's office said, in a statement received by Shafak News Agency, that the latter cut short, this morning, his visit to the Arab Republic of Egypt, and returned to Baghdad in light of the developments in the current events in the country, and for the direct follow-up to the performance of the duties of the security forces in protecting the institutions of the judiciary and the state.

Al-Kazemi warned, according to the statement, that disrupting the work of the judicial institution exposes the country to real risks, stressing that the right to demonstrate is guaranteed according to the constitution, with the need to respect state institutions to continue their work in the service of the people.

Al-Kazemi called on all political forces to calm down, and to take advantage of the opportunity for national dialogue, to get the country out of its current crisis, calling for an immediate meeting of the leaders of the political forces; In order to activate the national dialogue procedures and defuse the crisis.

LINK

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Samson:  The Iraqi street is divided between supporters and opponents of the sit-ins in front of the Supreme Judicial Council 

23rd August, 2022

The acceleration of events and the escalation of the movement against the political process in the country led to a split in the street between supporters and opponents of the escalating step taken by the Sadrist movement's supporters to sit in front of the Supreme Judicial Council building in the fortified Green Zone in the center of the capital, Baghdad.

Dozens of supporters of the prominent Shiite leader Muqtada al-Sadr marched with their open sit-in at the entrances to the Supreme Judicial Council, where dozens of tents were erected there to pressure the judiciary to dissolve the Iraqi parliament.

Lawyer Duaa Al-Dabisi, 33, told Shafaq News Agency, "All Iraqis are fed up with corruption in all its forms, especially since its repercussions have negatively affected all aspects of the daily life of the Iraqi individual, and the demand to fight it (corruption) has become an inevitable matter, but by legitimate and civilized ways and without constituting an obstacle or An added burden on the citizen.

She explained, "After al-Sadr's supporters escalated their movement at the highest judicial authority in the country, this will inevitably affect the functioning of the institutions associated with it, especially those related to referring cases to specialized courts or transferring cases from to specific institutions, as well as the disruption of procedures for release or trial of convicts in various cases, and this is limited. The same is a declaration of the absence of the state and the spread of chaos.”

For his part, Hussein Al-Daraji, 50, owner of a real estate office, confirmed that "after all this escalation, it is time for the government to resign and hand over power to the army to declare a state of emergency, in addition to suspending the constitution, dissolving parliament and all parties, and restructuring the state in all its details, ensuring that the heroes of corruption and their parties do not return to power."

In an interview with Shafaq News Agency, he indicated that "all the movement rejecting corruption must be quick by taking decisive decisions to end the state of hesitation prevailing in the street," adding, "The work must be intensified and the controversy resolved over whether or not the current political system will survive, otherwise what is the point of expanding the space protests without serious and effective steps.”

Umm Ahmed, 44, confirmed, to Shafaq News Agency, that "change does not come easily and everyone must support the protest movements seeking to rebuild the state in a manner that is in harmony with the demands of Iraqi society and preserves its wealth as well as preserving the prestige of the state."

She added, "Many protest movements against the political regimes that followed the administration of government after 2003, but they did not succeed in achieving the aspirations of the people in terms of providing the necessary services as well as supporting the economy, activating the labor market, eliminating unemployment and supporting educational, health and economic security files to create a state of stability, and we hope to achieve this in the future.”  LINK

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Sir:  IMO-The people of Iraq have been victims of the corruption for far too long and they seek justice, the taking to the streets to bring attention to their cry’s of injustice and the corruption of most if not all aspects of the government and possibly the SJC a long with private sectors.

They do this peacefully as they know what the outcome of a non peaceful protest would be, and they have lived that before and will not follow that road again. They have the power of their voice and the support of a true patriot in Kazemi and his team and they are bringing the corrupt to justice.

IMO-the people are in fear that the scales of justice has a heavy hand on the scale and justice becomes a political corrupt injustice. Perhaps it is time to bring in the military in on a temporarily bases to defend the constitution and the Iraqi people as they took an oath to so ( hold new elections within 90 days for a new smaller government ).

This would avoid a civil conflict and needless blood shed of the people of Iraq who just want a free and just smaller government of the new Republic of Iraq. A constitutional Iraq for the people and by the people, “wow what a simple concept” !

Kazemi has a plan and justice is at the top of the list as he knows the corruption runs deep and wide and we see the corrupt being removed daily. But as the fruit farmer said to his grandson, I remove the bad apples from the barrel to keep the whole barrel from becoming rotten, but from time to time the whole barrel becomes rotten and you have to throw it away and start over with fresh apples.

This is true when a so called government has to many bad apples, time to start over!

This should be for all countries around the world and the people should settle for nothing less, and yes it can be done the strong united voice of the people and not the blood of the people!
“ all in my opinion of course “

Samson:  A Legal Expert Confirms: Declaring A State Of Emergency Is The Exclusive Competence Of The House Of Representatives And A Permanent Government

23rd August, 2022

Legal expert Counselor Salem Hawass confirmed today, Tuesday, that declaring a state of emergency “and not an emergency government as some imagine” is within the exclusive competence of the House of Representatives and as stated in the 2005 constitution, as well as in accordance with the order for the defense of national safety No. 4 of 2004.

Hawass added in a statement received by Earth News that “the constitutional text contained in Article 61 / item / ninth of the Constitution of the Republic of Iraq states:

The House of Representatives has the following competences: Ninth: A- Approval of a declaration of war and a state of emergency by a two-thirds majority, based on a joint request. From the President of the Republic and the Prime Minister.

Hawass continued, “Paragraph (b) of Paragraph Nine of the same article states: B- A state of emergency is declared for a period of thirty days, subject to extension, with approval each time.”

And he added that “Paragraph (c) of the same constitutional clause above states: C- The Prime Minister is empowered with the necessary powers that enable him to administer the country’s affairs during the period of declaring war and a state of emergency, and these powers are regulated by law, in a way that does not conflict with the Constitution, provided that D- The Prime Minister shall present to the Council of Representatives the measures taken and the results, during the period of declaring war and the state of emergency, within fifteen days from the date of its end.

He stressed that "all of this must be with the approval of a two-thirds majority and a permanent government?" Because the order to defend national safety is a text that precedes the constitutional text on the one hand, and that the constitutional text is later mentioned in it, and therefore the text of Article 130 of the Constitution states: (The legislation in force shall remain in force, unless it is repealed or amended, in accordance with the provisions of this Constitution), Accordingly, the constitutional legal text is prepared later and amends the Defense of National Safety Order No. 4 of 2004, and therefore is considered a legal and constitutional ruler over it.”

He wondered, “If the House of Representatives is able to hold its session and obtain a two-thirds quorum based on Article 61 / ninth for the purposes of declaring a state of emergency, then it is a fortiori to elect a President of the Republic and form a majority government and not go to declare a (state of emergency) and enter the country into martial provisions that benefit the interim government and the government of Conducting daily matters that have no authority over this in accordance with the law and the constitution, and its emergency action may extend for an (indefinite) term, plunge the country into a vicious cycle and complete chaos.”

Hawass pointed out that the meeting of the Supreme Judicial Council and the Federal Supreme Court in person and electronically this morning, following the open sit-in of the Sadrist movement’s demonstrators in front of the Supreme Judicial Council, to demand the dissolution of the House of Representatives by putting pressure on the Federal Supreme Court to issue a decision on the state order to dissolve the House of Representatives and the position of the Bar Association in solidarity with The Council, for that was decided by the Supreme Judicial Council a few days ago by rejecting the request (dissolving parliament), considering that the judiciary is not a party to political disputes and violates (the principle of the independence of the judiciary), and because it does not have the authority to legally and constitutionally dissolve parliament, as stated in the response decision issued by the Supreme Judicial Council in 2022.  LINK

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Safeone:  Step right this way folks, come one come all!!  You are going to see the most amazing sights and hear the most amazing lies and all right here on the midway.  

On your left we have the old guard, you know the Iran backed government stooges, who seem to think they still have power.    The least of which is Al-Maliki, who is trying in reality to save his neck. 

Over there we have others who are trying to maintain their do nothing and rob the kitty life style.  And lest we forget, we have the ego maniacs.  All these folks are spewing out balderdash in their effort to maintain their past glory. 

Sorry, but you political has-beens have become wannabes!  The clowns are already in the main ring!  Popcorn, peanuts, candy coated snacks.  Get your carnival treats right over there.  Hot dogs ...... !  This is better than Barnam and Bailey.  Fact.  IMO