MilitiaMan Wednesday Night "We Are Waiting on a Calm Atmosphere" 9-28-2022

KTFA:

MilitiaMan:  The support that they are talking about a change in currency to less cash and to go digital is further along than many fully understand or notice yet..

They clearly are telling us there is an imminent launch of a new currency denomination(s). One(s) that is/are to match more closely to the neighboring countries.

There are six of then. Iran, Turkey, Saudi Arabia, Syria, Jordan and Kuwait.. None of which now or will have 20,000 notes. See below links for support.

With that evidence provided and adding in that they use the wording of they; will be issuing a new denomination with the value of 20,000 dinars.

Well if they delete the three zeros off the exchange rate we get a 20 Dinar note with the value of 20,000 dinars to be in line with denominations in the region. Iran slashed 4 zeros in July 2022.. So tell me were or how a 20,000 note makes sense when they are going to delete three zeros and none of the regional countries have similar notes?

We all know that Iraq has 50,000 notes and 100,000 notes for large transactions that are not public oriented. It makes absolutely no sense for them to do so. But, to have a 20 note, that would be in line with the regional area countries.

The CBI is not in the business to lie to people and they are not lying, imo per se. They tell  us they did effectively devalue the currency and for specific reasons. They also tell us they are not going to change the exchange rate of the Dollar. Exactly, they are not. That is not their job.

Their job is the IQD. They do say they are going to change to new denomination(s) and suggest one is to be valued at (if using todays exchange rate of 1,460 is not far off of that by example.) 20,000 dinars in value.  That is purchase power for the citizens.

The BUNA platform is digital and completed now. It is expected to clear the IQD and they expect they will be live in the second half of 2022. Iran went public with a digital currency on the 22nd of this month they say. 

The ASYCUDA system is a digital system as well, all ready to go and in place now. The Central Bank told us they were to have a less cash society and that a new denomination is to be launched imminently. Well, get ready. 

I do know that there were large sums of money issued as expenses from the CBI with respect to currency issuance in 2018 at an amount of approximately $129,000,000.00 USD in costs to issue. If there are more recent expenses for currency issuances, I have not seen them. If there are not, then they have already printed the new currency and we are not waiting on more printing.

 We are waiting on a calm atmosphere.

Today's vote of confidence for Halbousi my have been just the calm we needed and likely more will follow to calm the citizens. The CBI too, can calm markets. That is a part of their job.

To delete the three zeros from the exchange rate is  directly related to the economy and market prices within the country. The result of deleting the zeros will calm the people and the markets, thus, the investors too. The private sector will be very receptive to it.. imo Looking very sweet to me. The EFSL is for old laws and amendments. That is all accounted for!!. lol imo..  ~ MM

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https://cbi.iq/news/view/2095

The Governor of the Central Bank of Iraq is hosted by the Al-Rafidain Forum

27th September, 2022

Tuesday, Al-Rafidain Forum for Dialogue hosted His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mikhaif, in the presence of local and international personalities. His Excellency said during the special meeting on the sidelines of the forum’s activities, which started Monday, under the slogan “The World is Changing”: International banks had important roles during the Corona pandemic, and the Central Bank of Iraq moved from its traditional role to modern banking, as it prepared a five-year strategy to meet challenges and circumstances. 

His Excellency pointed out that the Central Bank of Iraq presented a unique development initiative that had an internal and external resonance, providing financial liquidity to many sectors, while facilitating the procedures for granting it through government and private banks, which led to moving the wheel of the Iraqi economy.

He added: The banking sector is affected by the challenges that occur in the Iraqi arena, indicating that the bank's management has made tours in several countries to establish joint banking and economic relations within the objectives set for the Central Bank of Iraq. On the other hand, His Excellency indicated that a team from the Central Bank of Iraq is studying the issuance of digital currency. His Excellency touched on the issue of structuring the currency and deleting zeros, which requires a law to be legislated by Parliament, as a draft law was submitted years ago, and it needs amendments. He revealed the imminent launch of a new currency of (20) thousand dinars after the studies and research that were conducted, and the economic feasibility of them, stressing that the Central Bank is working to complete the design of the new currency, and it will be announced after completing its printing.

His Excellency added: We have worked to implement international standards for combating money laundering and terrorist financing, with joint efforts with the concerned and competent authorities with great government support.

 Noting that the Central Bank of Iraq has drawn up a plan to reform the governmental and private banking sector, and that there are a number of measures in this regard that require the cooperation of the concerned authorities. Then he referred to the tasks of the bank's branches in the governorates by covering the southern and northern regions, and that the need arose to cover the middle Euphrates region, and through the studies that were conducted, the Najaf Governorate was chosen to cover that region in order to revive it economically.

Regarding the process of changing the dollar exchange rate, His Excellency the Governor confirmed that it was due to the circumstances that Iraq faced at the time and obligated the bank and the government to change it, stressing that there is no intention of the Central Bank of Iraq to make a change to the dollar exchange rate.

Central Bank of Iraq
Media Office
27 - September - 2022

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 Central Bank of Iraq: We are working on issuing a digital currency and deleting zeros from the dinar requires an atmosphere

27th September, 2022

The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makheef, said on Tuesday that the bank is working on issuing digital currency to keep pace with the development of monetary transactions in the region and the world, stressing that deleting zeros from the local currency requires a calm economic atmosphere for that.

Makheif said during his hosting at the Al-Rafidain Forum for Dialogue, that "until now, there is no specific direction, dates, and controls for issuing digital currency in the country," adding, "but during the coming period we are working on these controls to keep pace with the countries of the region and reduce the practice of dealing with cash through the issuance of this digital currency." 

And about deleting zeros from the local Iraqi currency, the central bank governor said, "The process of deleting zeros requires the issuance of a law, and a draft law in this area has been prepared by the central bank and submitted to the previous government." He explained that this law needs amendments, stressing that the issuance of this law requires an atmosphere because the deletion of zeros is directly related to the economy and to market prices in the country.

With regard to the issuance of the Central Bank a new category of local currency, he said, “We are working to issue a new currency, a category of 20 thousand dinars, in order to keep pace with the requirements and to match the neighboring countries,” adding that “we will start announcing the new category after completing its requirements.”

With regard to the exchange rate of the dollar against the Iraqi dinar, the governor of the Central Bank confirmed that "there is no intention to reduce or change the dollar exchange rate."  LINK

The Central Bank intends to issue a banknote of 20 thousand dinars

27th September, 2022

The Governor of the Central Bank of Iraq, Mustafa Ghaleb, announced, on Tuesday, the bank’s intention to issue a new denomination of the Iraqi currency, with a value of 20 thousand dinars, while referring to the choice of the Governor of Najaf to open a branch of the Central Bank to cover the Middle Euphrates region

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Iran:

After slashing four zeros, Iran releases new banknotes

https://shafaq.com/en/Economy/After-slashing-four-zeros-Iran-releases-new-banknotes

Turkey:

Currently there are 5, 10, 20, 50, 100 and 200 lira banknotes and 1, 5, 10, 25 and 50 kurus coins (100 kurus make up one lira) and 1 lira coins. Click here for more information on the security of Turkish lira banknotes and coins. (Interesting facts of the new Turkish lira).

Saudi Arabia:

Saudi's national currency is the Saudi riyal (ر. سSAR), which is subdivided into 100 halala. You'll receive notes in denominations of 1, 5, 10, 20, 50, 100, 200 and 500 riyals, and coins in denominations of 1 or 2 riyals and 1, 5, 10, 25 and 50 halala.

Syria:

Currently, the banknotes circulating in the Syrian economy include the 50, 100, 200-, 500-, 1000-, and 2000-pound denominations. The Central Bank of Syria issued the first banknotes in 1919 in denominations of 5, 25, and 50 qirsha and 1 and 5 livres.

Kuwait:

The unit of currency in Kuwait is the Kuwaiti Dinar (KD), divided into one thousand Fils. Currency notes are issued by the CBK in the following denominations: quarter Dinar, half Dinar, one Dinar, five Dinars, ten Dinars and twenty Dinars.

Jordan:

Central bank: Central Bank of Jordan

Subunit: Qirsh, Piastre

Banknotes: 50 dinars, 20 dinars, 1 dinar, 5 dinars, 10 dinars

Coins: 1 ⁄ 2 qirsh, 10 piastres, 2 1 ⁄ 2 qirsh, 1 qirsh, 1 ⁄ 2 dinar, 5 piastres, 1 ⁄ 4 dinar, 1 dinar

Some "Wednesday News" Posted by Samson at KTFA 9-28-2022

KTFA:

Samson:  Al-Kazemi: The current security situation is a reflection of the political situation

28th September, 2022

The Prime Minister, Commander-in-Chief of the Armed Forces, Mustafa Al-Kazemi, directed the security forces to pursue and arrest the perpetrators of the missile bombing of the Green Zone, and stressed the need for the security forces to abide by their duties in protecting state institutions, public and private properties, and peaceful demonstrators.

The Commander-in-Chief of the Armed Forces called on the demonstrators to abide by the peaceful, and the directives of the security forces about the places of demonstration.

His Excellency stressed that the current security situation is a reflection of the political situation. Once again the call for dialogue between all the forces dealing with the political issue;

To get out of the current crisis, support the state and its institutions to carry out their tasks, spare citizens the consequences of political conflicts, maintain security, and reject any prejudice to social peace. His Excellency stressed the need for continued cooperation and coordination between authorities.

Media Office of the Prime Minister
28-September 2022

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Samson:  The Board Of Directors Of The Arab Monetary Fund Intends To Hold Its Two Hundred Fourth Meeting On Thursday, September 29, 2022

27th September, 2022

On Thursday, September 29, 2022, the two hundred fourth periodic meeting of the Board of Executive Directors of the Arab Monetary Fund will be held. The board's agenda includes discussing the developments of the fund's activities during the third quarter of 2022.

The meeting reviews the efforts made by the Fund during the third quarter of 2022, to support Arab countries in facing economic developments on the regional and international arenas, which were reflected in global financial markets, and on the markets for commodities, agricultural products and energy products, within the framework of the means available to it, including lending windows. Providing advice and technical assistance, organizing training courses for Arab human resources, and holding meetings and workshops to exchange Arab, regional and international experiences and expertise, to address the economic and social impacts of these developments, and to enhance chances of success in returning to the usual paths of growth.

In the field of lending, the topics that the council will review include developments in implementing the annual lending plan to provide financial support to member states in its various forms, whether those related to supporting efforts to enhance macroeconomic stability, addressing imbalances in the balance of payments, or lending windows that support the implementation of sectoral reform programs. The issues before the Council also include the progress of implementing the reform programs supported by the resources of the Fund, in preparation for the withdrawal of the remaining payments from the loans contracted to support the programs supported by those loans.  

The agenda also includes a review of the technical support activity provided by the Arab Monetary Fund to its member states, since its previous meeting, through initiatives, meetings, forums, and workshops that were held to follow up on the situation in the Arab countries, provide recommendations, and exchange experiences, to meet the current challenges. In cooperation with a number of regional and international institutions, in addition to the training courses held by the Fund, in addition to briefing the studies, working papers, books, brochures, and reports prepared and issued by the Fund. 

During the meeting, the Board will also review developments in the fund's investment activity related to accepting deposits from central banks and Arab monetary institutions, the performance of investment portfolios, and developments in global financial markets. 

On the other hand, the Council will be presented with the activities of the Arab Monetary Fund within the framework of its assumption of the technical secretariat of the Board of Governors of Arab Central Banks and Monetary Institutions, as well as the Council of Arab Finance Ministers. 

This is in addition to the activities carried out by the Fund within the framework of the “Buna” platform of the Regional Institution for the Clearing and Settlement of Arab Payments, the “Financial Inclusion in the Arab Countries”, “Arab Statistics (Arabstat)” and “Modern Financial Technologies” initiatives. The digital economy”, “structural transformations”, and other initiatives adopted by the Fund in the service of its member states.  LINK

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Samson:  Kurdish official: Article 140 is a solution to all administrative disputes

26th September, 2022

The former Diyala Council member for the Patriotic Union of Kurdistan, Zahid Taher al-Dalawi, considered on Monday Article 140 of the Iraqi constitution, which has been frozen throughout the past government cycles, as solutions to the revenues of regions and administrative units in all Iraqi governorates, limited to Kurds only.

Al-Dalawi told Shafaq News Agency, "Article 140 does not concern the disputed areas between the region and the federal government only, but also includes other regions in the western and southern countries," noting that "the origin and content of Article 140 is to return each region, sub-district or district to an annex in a governorate. others to their original administrative and geographical ownership.

He pointed out that "the problems with Article 140 exist in areas between Nineveh and Salah al-Din, Anbar and Karbala, Najaf and Karbala, Diyala and Kirkuk, Salah al-Din and Diyala."

Al-Dalawi added, "The step (Kurdistan's referendum on September 25, 2017) is a message for self-determination and an end to accumulated problems that have not yet seen solutions, despite it being included in the Iraqi constitution voted on by the people."

The Kurdish official promised the implementation and implementation of the constitutional provisions, "a guarantee of ending all disputes between the region and the federal government."

The former Iraqi regime, which was toppled in 2003 by international forces led by America, had made demographic changes in areas inhabited by a national mixture in favor of the Arabs at the expense of the Kurds.

The Iraqi constitution provides in Article 140 to remove the effects of previous policies before holding a referendum in those areas to determine their administrative subordination to the Kurdistan Region or the Federal Government.  LINK

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Samson:  An economist expects the possibility of an increase in oil prices

28th September, 2022

Economist Safwan Qusai suggested an increase in global oil prices in the coming months, especially with the exacerbation of the derivatives crisis in Europe, pointing out that the increase in prices is used to determine the price of a barrel of oil in the budget.

Qusay told Al-Maalouma, "There is a need for oil derivatives in Europe, especially in the next few months, as this may reach oil prices of 130 dollars a barrel, especially if the United States, China, Japan and Europe raise the consumption rate from their stores."

He added, "The increase in prices will lead to an increase in the price of a barrel of oil in the budget for the next year, as setting the price of $90 a barrel may be appropriate for the budget according to the increase in prices."

And Qusay, that "the industrial countries will be the first to be affected by the shortage of gas, including Germany, which is considered the third in the world at the level of industries, which prompts the resort to oil derivatives to operate the stations and generate electricity."  LINK

The Federal Court renews its position on the dissolution of Parliament and the resignation of the Sadrist bloc's deputies and sets a condition for holding the elections

27th September, 2022

The President of the Federal Supreme Court, Jassim Muhammad Abboud, affirmed that the Iraqi constitution is the product of the will of the people and expresses their interest

Abboud added in an interview with the Iraqi News Agency (INA), that "all federal authorities must work according to the constitution in order to put the people's interest in their calculations when doing any work, indicating that the Federal Court under Article 93 of the Constitution exercises its powers, starting with the oversight of the constitutionality of laws." Interpretation of the texts in addition to the aforementioned competencies

Maintaining the Constitution and dissolving Parliament

He added that "the purpose of the Federal Court is to preserve the constitution and prevent abuse of powers," stressing that "no proposals were submitted by us related to granting the Federal Court broader power

.  He added that "the problem that Iraq is going through is not in the constitution nor in the competencies of the Federal Court, but rather the problem in applying the constitution and mishandling it," noting that "the dissolution of the Federal Court or the replacement of its members or how to refer members to retirement is done through the constitution, and that the Federal Court is a body The judiciary is financially and administratively independent and exercises its powers in accordance with what is stated in the constitution

He explained that "the Federal Court is the watchdog over all authorities so that they do not go beyond the constitution and it is not within its jurisdiction to dissolve parliament, and that the constitution charts the ways and the parties that have the right to dissolve it

Sadrist bloc MPs resign

He pointed out that "the issue of the return of the resigned deputy, the President of the Federal Court cannot give his opinion in this regard, because it becomes a subject of discussion among all members of the court, and therefore it must be examined in a constitutional light," noting that "there are several lawsuits filed regarding the resignation of the Sadrist bloc's deputies, some of which were rejected. Because the method of its establishment is incorrect, while other lawsuits are still being filed, they will be considered in their time

He stressed that "the lawsuit filed to challenge the resignation of the Sadrist bloc's deputies was not filed by the stakeholders (the Sadrist movement), but was filed by parties that have no legal relationship with this issue," noting that each lawsuit has its own circumstances, but the interest of the Iraqi people is above all

Election law

He added, "The Federal Supreme Court has ruled that a section of the election law is unconstitutional, and Parliament must legislate legal articles within the law to replace these articles, and no elections can be held unless the election law is completely completed, including the articles that were canceled

And he indicated that “the election of the president of the republic according to what was stated in Article 70 is clear and cannot be bypassed, and that the court applies the constitution according to the supreme interest of the people,” noting: “In constitutional jurisprudence there is the issue of reversal, and this is possible for constitutional courts to change some of their opinions regarding legal principles, It is not about judgments issued by the Federal Court

He noted that "if the Federal Court considers that it is in the people's interest to abandon its views, it will change its consideration in a manner that does not violate the constitution. He continued, "The deputy does not represent himself, but rather represents all the people, and Parliament must work for the people's interest, especially the legislation of the budget law," noting that "the failure to complete the federal authorities, including the executive authority, was not completed due to the failure to elect the President of the Republic, and that the constitution created the authorities for the benefit of the people and not for their interest

Budget Law

He pointed out that "members of parliament are not only their tasks to stay in parliament, but rather they have to work for the interest of Iraq," noting that the current government is a caretaker government and it cannot send the budget law, and the legislative authority must overcome differences and work for the people. Noting that "the Federal Court was not presented to it regarding the budget law in the caretaker government. However, he said: "The budget law can only be sent to Parliament by a permanent government," pointing out that Iraq now suffers from two big things, the first of which are political differences, and the second is corruption, and it is not Iraq's problem in the constitution

Political blockage

And he indicated that "the main reason for the political blockage in Iraq is the political differences," noting that "corruption hinders the building of the state, and it is now of two types: corruption of great importance, and the other of less importance, and that the Iraqi citizen has lost his confidence in the public job, because public money is sacred and must be protected

He explained that "the oversight bodies represented by the Financial Supervision Bureau and the Integrity Commission have not yet put an end to corruption in Iraq, and the state cannot be built as long as there is an absence of social justice, and there is no real intention to end corruption. He explained that "the caretaker government as a whole by virtue of the resignation, and it is not entitled to dismiss ministers or appoint higher ranks, and there is a lawsuit filed regarding the resignation of Finance Minister Ali Allawi, and a date has been set for it to consider it

Oil file

And he indicated that "oil and gas are the property of the people, and they must be disposed of by the people, not a specific authority, and that the Federal Court said its words regarding oil and gas in the Kurdistan region, and the implementation of this decision rests with the competent authorities according to the interest of Iraq and not to sacrifice its interest

And he indicated that "the establishment of the National Oil Company and the assignment of Minister Ihsan Abdul-Jabbar is illegal, and the Federal Court had previously appealed to it before a previous decision of the company's law and canceled many articles, which are essential articles, and thus it is not possible to proceed with the formation of the National Oil Company by canceling these articles unless the articles of legislation are legislated. Others replace the canceled articles by the House of Representatives  LINK

Frank26: "1-1 On Par Leading to a Depeg To A RV Float" 9-27-2022

KTFA:

Frank26:  "THE CBI IS KEEPING PACE WITH THEIR CURRENCY TO KEEP ON PAR AND FLOAT SOON".....F26

Samson:  The Central Bank intends to issue a banknote of 20 thousand dinars

27th September, 2022

The Governor of the Central Bank of Iraq, Mustafa Ghaleb, announced, on Tuesday, the bank’s intention to issue a new denomination of the Iraqi currency, with a value of 20 thousand dinars, while referring to the choice of the Governor of Najaf to open a branch of the Central Bank to cover the Middle Euphrates region

Ghaleb said in a speech within the work of the "Al-Rafidain Forum", and followed by "Al-Iqtisad News", that "the banking sector is directly affected by the political and security challenges in Iraq," adding that "the banking sector has a role in moving the wheel of the economy, and we have worked to develop the banking sector and build Arab and International Relations Network

He added that "there is a previous project submitted by the Central Bank regarding the process of deleting zeros," noting that "this matter needs to legislate a law and this project requires some amendments, and that the pursuit of this law needs to stabilize the situation in the country and the atmosphere must be provided to accept such transactions

He pointed out that "the Central Bank, within the currency chain, is working to complete a new category of 20 thousand dinars based on comparative study and research with neighboring countries and is working to complete the form of the paper

The Governor of the Central Bank indicated, "The governor of Najaf chose to open a branch of the Central Bank to cover the Middle Euphrates region

Regarding the exchange rate, he said, “We took the decision to change the exchange rate in agreement with the IMF and the government,” noting that “the decision to change the dollar exchange rate saved the government approximately 23.5 trillion dinars in addition to government and oil imports. And the central bank governor went on to say, "There is no intention to reduce or change the dollar exchange rate

Frank26:  (THAT IS CORRECT CBI YOU ARE CHANGING THE RATE OF THE IQD NOT THE USD -F26)

Ghaleb continued, "We reduced the interest rate on loans provided to finance projects in the initiatives of the Central Bank, and launched the Letter of Guarantee platform, which is an important step for the banking sector  LINK

Frank26:  "THE MIDDLE EAST DOES NOT USE 25K NOTES... THEREFORE THE CBI BRINGS THEIR CURRENCY ON PAR WITH MIDDLE EASTERN CURRENCIES"....F26

Samson:  The central bank reveals a new denomination of the currency and is working on issuing a digital one

09/27/2022 10:39:46

In his speech during the Al-Rafidain Forum for Dialogue, the Governor of the Bank, Mustafa Ghaleb, said: "We are working on a new currency, a category of 20 thousand dinars, after studies in order to keep pace with the requirements and to match the neighboring countries."

"We will start announcing the new category after completing its requirements," he added. He stressed that "there is no intention to reduce or change the exchange rate of the dollar against the Iraqi dinar."

Ghalib revealed that "the Central Bank is working on issuing digital currency to keep pace with the development of monetary transactions in the region and the world," adding, "but so far, there is no specific orientation, dates and controls for issuing digital currency in the country, and we are working during the coming period on these controls to keep pace with the countries of the region and reduce the practice of dealing." cash by issuing this digital currency.”

Ghaleb pointed out that "deleting zeros from the currency is a previous project submitted by the Central Bank and requires amendments and requires legislation," stressing that "the atmosphere must be provided to accept such transactions." And we have reduced the interest rate on loans provided to finance projects in the initiatives of the Central Bank, and we have worked to implement international standards to combat money laundering.

He explained that "Iraq's exit from the European Union's list of high-risk countries gives support to the movement of the economy and the financial and banking sector."

It is noteworthy that Iraq owns 7 categories of local currency issued by the Central Bank of Iraq are {250 dinars, 500 dinars, 1000 dinars, 5000 dinars, 10,000 dinars, 25000 dinars, and 50,000 dinars).  LINK

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Frank26:  "THE CBI PREPARES ITS CURRENCY TO GO INTERNATIONAL"..........F26

Central Bank of Iraq: We are working on issuing a digital currency and deleting zeros from the dinar requires an atmosphere

27th September, 2022

The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makheef, said on Tuesday that the bank is working on issuing digital currency to keep pace with the development of monetary transactions in the region and the world, stressing that deleting zeros from the local currency requires a calm economic atmosphere for that.

Makheif said during his hosting at the Al-Rafidain Forum for Dialogue, that "until now, there is no specific direction, dates, and controls for issuing digital currency in the country," adding, "but during the coming period we are working on these controls to keep pace with the countries of the region and reduce the practice of dealing with cash through the issuance of this digital currency." ".

And about deleting zeros from the local Iraqi currency, the central bank governor said, "The process of deleting zeros requires the issuance of a law, and a draft law in this area has been prepared by the central bank and submitted to the previous government."

He explained that this law needs amendments, stressing that the issuance of this law requires an atmosphere because the deletion of zeros is directly related to the economy and to market prices in the country.

With regard to the issuance of the Central Bank a new category of local currency, he said, “We are working to issue a new currency, a category of 20 thousand dinars, in order to keep pace with the requirements and to match the neighboring countries,” adding that “we will start announcing the new category after completing its requirements.”

With regard to the exchange rate of the dollar against the Iraqi dinar, the governor of the Central Bank confirmed that "there is no intention to reduce or change the dollar exchange rate."  LINK

Frank26:    "AN ECONOMIST EXPLAINS TO THE CITIZENS WHAT THE CBI EXPLAINED TO THE CITIZENS... 1-1 ON PAR LEADING TO A DEPEG TO A RV FLOAT. THE AUCTIONS ARE OURS SAYS KAZEMI!!!".....F26

An economist explains how to control the currency sale auction

25th September, 2022

The economic expert, Abdul Salam Hassan, explained that the currency sale auction can be controlled through the government's move towards equalizing the value of the dinar with the dollar or making it close to the dinar, pointing to the difficulty of stopping this auction, especially with the presence of dominant parties on the scene. 

Hassan told Al-Maalouma, "The currency auction cannot be stopped, and there is no law preventing its work, as it is supported by the World Bank, despite corruption and the parties' control over it to achieve personal benefits." 

He added that "most countries work with currency auctions or the so-called economic colonialism, and countries take it for financial investment and a window to extract the currency, but the work of this auction in Iraq cannot be legalized or stopped under the pretext of continuing import, and this matter needs more currency." 

And he indicated that "the increase in the amounts of currency sale came as a result of the increase in the exchange rate of the dollar against the dinar, as it achieves greater benefit through the currency sale auction, and the government can control this matter and reduce the amounts sold in the auction by making the value of the dollar close to the dinar and thus the two values ​​are equal or may the difference is very simple."    LINK

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Frank26:  "CBI GOV SHAKES HANDS WITH INTERNATIONAL BANKS... AND NOT FOR A PROGRAM RATE BECAUSE THE PROGRAM RATE IS GONE"......F26 

Governor: The Central Bank has played a major role in revitalizing the Iraqi economy over the past years

26th September, 2022

The Governor of the Central Bank, Mustafa Ghaleb Makheef, confirmed, on Monday, the aspiration of the banking sector in Iraq to increase cooperation with the banking sectors in other countries

And a statement from the Central Bank stated, "The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mekhif, received, on Monday, the Ambassador of the Czech Republic to Iraq, Peter Stepanek

Makheif stressed, according to the statement, "the strengthening of banking and economic relations between the two friendly countries

He stressed that "the Central Bank of Iraq played a major role during the past years in revitalizing the Iraqi economy," noting that "the banking sector in Iraq is looking forward to increasing cooperation with the banking sectors in other countries and    exchanging experiences between them in a way that serves both sides   LINK

Frank26:   (INTERNATIONAL BANKS KNOW THAT A PROGRAM RATE DOES NOT SERVE BOTH SIDES BECAUSE THE PROGRAM RATE IS GONE -F26)

Monday Night KTFA CC "Sit on my Blue Couch Please" 9-26-2022

KTFA

Monday Night KTFA CC

Frank26:  9-26-22……..SIT ON MY BLUE COUCH PLEASE

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

Frank’s team is Walkingstick, Petra, MilitiaMan and Eddie in Iraq

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

https://www.youtube.com/watch?v=ka9L_BuY26M

Some "Friday News" Posted by Samson at KTFA 9-23-2022

KTFA:

Samson:  Al-Kazemi expects an increase in Iraq's cash reserve, and it will reach $100 billion

23rd September, 2022

The Iraqi Prime Minister, Mustafa Al-Kazemi expected, on Friday, to increase the country's cash reserve to reach $100 billion.

Al-Kazemi said in an interview with the state media before giving a speech at the General Assembly meeting in New York, that "the white paper succeeded in achieving economic reform."

And he added, "The cash reserve under our government has reached 68 billion dollars, and it is expected to increase to 100 billion dollars."

Al-Kazemi stated that Iraq has achieved the largest and fastest economic growth and has become the first in the Middle East and fifth in the world.  LINK

Samson:  Al-Kazemi: Changing the dollar exchange rate against the dinar is the most successful decision

23rd September, 2022

Prime Minister Mustafa Al-Kazemi confirmed that changing the exchange rate of the dollar against the dinar is the most successful decision taken by his government

Al-Kazemi said, in an interview with Al-Monitor, which was followed by "Al-Iqtisad News," "We reached a point where we were unable to pay the salaries of employees and retirees, but thanks to the white paper, the Iraqi economy will witness reforms

He added that my government agreed to implement projects such as the port of Al-Faw, the construction of solar power plants, the investment of gas associated with oil production, and the construction of 1,000 schools

He explained that the Central Bank's reserves rose from 49 billion dollars to 86 billion dollars, and changing the dollar exchange rate was one of the most successful decisions we took   LINK

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Samson:  The Iraqi Stock Exchange seeks to trade government bonds

23rd September, 2022

The Iraq Stock Exchange announced its quest to attract investment and trading in government bonds.

The Executive Director of the market, Taha Ahmed Abdel Salam, said, on the sidelines of the market signing, the custodian license contract, with the aim of facilitating investment in the securities sector.

“This step aims to attract more potential and concerned investors who wish to trade in the Iraqi Stock Exchange, shares of joint stock companies and bonds. government in the future.  LINK

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Samson:  Iran: Iraq will turn into the largest economic market in the region during the next decade

23rd September, 2022

The head of the Iranian-Iraqi Joint Chamber, Yahya Al Ishaq, expected on Friday that Iraq will turn into the largest economic market in the region during the next decade, especially for Iran, stressing that his country seeks to increase the volume of trade exchange with this neighboring country.

The Iranian official attributed, in a statement carried by the semi-official Iranian news agency "Fars" today, the reason for the decline in Iran's exports to Iraq during the past two months due to the export of gas and electricity to this country, explaining that given the talks that took place between the two countries, this issue should be resolved.

He added that in addition to the decline in the volume of Iranian exports to Iraq, we also witnessed an increase in the export of non-oil goods to this country, and we hope that our exports to Iraq will reach 10 billion dollars by the end of the current Iranian year (ending March 20, 2023).

Al Ishaq considered the Iraqi market to be a strategic market, and he expected that the percentage of exports to this country would rise during the next few months, especially as trade exchanges with Iraq could reach $20 billion within the coming years.

He also said that, during the next 10 years, Iraq will turn into the largest economic market in the region, especially for Iran. He saw that Iraq is not a weak country in economic terms, as it exported 11 billion oil last month only and intends, according to the planning of its program, to obtain 120 billion dollars this year.

The Iranian official added that, given the conditions that prevail in Iraq due to the conditions in which it lived due to the war and other issues, it has become lagging behind in the areas of production, infrastructure, electricity, gas and roads. Iraq, as Iranian economic activists should take advantage of these opportunities in the best possible way.  LINK

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Samson:  Parliamentary Integrity: We are back to ground zero after our files in Parliament were stolen and burned

23rd September, 2022

A member of the Parliamentary Integrity Committee, Ali Turki Al-Jamali, confirmed today, Friday, that 

Al-Jamali told Al-Maalouma, "Parliament is witnessing a deliberate obstruction of its sessions by its president, who argued that the technical situation of the parliament building does not currently allow sessions to be held despite the demands that they be held."

He added, "The Parliamentary Integrity Committee was one of the first committees to take the initiative to go to the parliament building after the end of tensions inside the Green Zone in central Baghdad."

And he indicated that "the committee found that all its files, priorities and papers affiliated with it had been destroyed, burned and stolen as well, and therefore the committee returned to zero, with the exception of what remained of some papers that some members managed to put under the hand, as the blood is recent as a result of entering to the council and tamper with its contents when storming the Green Zone.”  LINK

Samson:  Including Arab .. List of the richest countries in the world

09/23/2022 00:20:02

 The global wealth report showed a decline in wealth growth in 2021 due to the difficulties faced by the global market environment during the past months.

The Credit Suisse Institute published its 13th Global Wealth Report, which shows the continued growth of wealth in the United States, Canada and China and its decline in other regions. The report found that wealth grew at a strong pace in 2021, and by the end of the year, total global wealth amounted to about $463 trillion, an increase of 9.8 percent. However, the report notes that factors such as inflation, rising interest rates and declining asset and real estate prices could affect the gains made in 2021.

The report says that most parts of the world contributed to the increase in global wealth, but North America and China dominated that increase, with North America accounting for just over half of the global total, and China accounting for nearly a quarter.

In contrast, Africa, Europe, India and Latin America combined accounted for only 11.1 percent of global wealth growth, while growth was only 1.5 percent in Europe.

According to the report, the most important development in 2021 was the large-scale and significant gains in stock prices.

Shares rose in about 31%, followed by France (28%), the United States (23%), Italy (23%) and Canada (22%). 

Elsewhere, share prices rose by more than 30 percent, such as Austria, Sweden, Saudi Arabia, Vietnam and Israel, and by more than 40 percent in Romania, the Czech Republic and the United Arab Emirates.

The report also indicated that the number of people owning one million dollars or more rose by an additional 5.2 million members during 2021, and their total number reached 62.5 million people worldwide by the end of the year.

The United States ranked first in the number of millionaires with 30,470 millionaires, followed by China with 5,200 millionaires.

According to the report, Switzerland ranked first in the list of average wealth for the year 2021, followed by the United States and Hong Kong, and for the Arab countries, only Qatar appeared in the list at 39th.

LINK

MilitiaMan Thursday PM "This Is HUGE" 9-22-2022

KTFA:

Samson:  France's Total refuses to complete a $27 billion contract with the national oil company

22nd September, 2022

The independent deputy, Basem Khashan, revealed today, Thursday, the reason for the French company's refusal to complete a contract worth 27 billion dollars with the National Oil Company

Khashan wrote in a Facebook post, saying, “The French Total refused to complete a contract worth 27 billion dollars because of its refusal to participate in the National Oil Company, which the new government and parliament have not yet announced its full legal status,” stressing that “this is a direct indication of the illegality of this transaction.” the company

He added, "The decision issued by the Federal Court yesterday cut the way for this deal and other deals that the Minister of Oil and Al-Kazemi wanted to complete before their departure to ensure a very appropriate retirement  LINK

MilitiaMan:  This is huge. They refuse the deal with the NOC (National oil company) . They cut a deal instead with MOO (Minister of Oil) .. They have the Total Deal sorted prior to leaving to the UN in NYC. They are doing other deals, as they mentioned too.. I will bet that Kahdimi will have much to say tomorrow afternoon post 3:00pm  EST... imo ~ MM

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Samson:  Sources: an arrest warrant against the son of the Minister of Oil, because of the commissions in the National Oil Company

22nd September, 2022

Informed sources revealed, Thursday, 22/09/2022, the issuance of an arrest warrant against Mortada Ihsan Abdul-Jabbar, son of the Minister of Oil.

The sources said that the arrest warrant against the son of the oil minister was issued by the National Oil Company.

The Federal Court had decided, earlier, to cancel the assignment of Ihsan Abdul-Jabbar with the tasks of managing the National Oil Company.

The Karkh Investigation Court, which is specialized in integrity issues, also issued an order to bring in Oil Minister Ihsan Abdul-Jabbar, one of the ministry's undersecretaries and two general managers.

The court said in a statement that it decided to bring in the Minister of Oil, Ihsan Abdul-Jabbar, one of the ministry’s undersecretaries and two general managers, in accordance with the provisions of Article 316 BC, against the background of exploiting their jobs and unlawfully seizing the plot of land numbered 7/68, Al-Daoudi District 20, owned by the Central Oil Company, whose area is 1600 square meters located in an important commercial area of ​​Baghdad province.  LINK

MilitiaMan:  This is looking to be falling in place. The Total deal being completed prior to Kahdimi leaving to NYC and now they have an arrest warrant issued. This is a good thing for the Iraqi citizens future.. Slowly, but methodically they are holding the corrupt accountable. imo ~ MM

KTFA Members "News and Views" Thursday 9-22-2022

KTFA:

Samson:  France's Total refuses to complete a $27 billion contract with the national oil company

22nd September, 2022

The independent deputy, Basem Khashan, revealed today, Thursday, the reason for the French company's refusal to complete a contract worth 27 billion dollars with the National Oil Company

Khashan wrote in a Facebook post, saying, “The French Total refused to complete a contract worth 27 billion dollars because of its refusal to participate in the National Oil Company, which the new government and parliament have not yet announced its full legal status,” stressing that “this is a direct indication of the illegality of this transaction.” the company

He added, "The decision issued by the Federal Court yesterday cut the way for this deal and other deals that the Minister of Oil and Al-Kazemi wanted to complete before their departure to ensure a very appropriate retirement  LINK

Pete2001:  this seems like an important article....not sure which way this points to for our investment, imo

Samson:  Al-Kazemi meets his Kuwaiti counterpart in New York

21st September, 2022

Wednesday, Prime Minister Mustafa Al-Kazemi met his Kuwaiti counterprart Sheikh Ahmed Nawaf Al-Ahmad Al-Sabah in New York. 

And the Prime Minister's media office said, in a brief statement received by "Al-Naeem News", that "Prime Minister Mustafa Al-Kazemi met in New York with Kuwaiti Prime Minister Sheikh Ahmed Nawaf Al-Ahmad Al-Sabah."  LINK

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Samson:  The Minister of Foreign Affairs discusses with his Saudi counterpart the bilateral relations between the two countries

09/22/2022 18:18:50

Foreign Minister Fouad Hussein discussed, today, Thursday, with his Saudi counterpart, the bilateral relations between the two countries.

In a statement received by Al-Furat News, Foreign Ministry spokesman Ahmed Al-Sahaf said, "Foreign Minister Fouad Hussein met with his Saudi counterpart, Faisal bin Farhan, the bilateral relations between the two countries and ways to advance them to serve the interests of the two peoples."  LINK

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Samson:  Oil prices continue to rise amid fears of tight supplies

22nd September, 2022

Oil rebounded today, Thursday, as fears of tight supplies with the onset of winter overshadowed fears of a global recession

Brent crude futures rose 50 cents, or 0.6%, to $90.33 a barrel by 03:19 GMT, offsetting losses in early Asian trade, and US West Texas Intermediate crude rose 45 cents to $83.39. Both benchmarks fell to nearly two-week lows on Wednesday after the US Federal Reserve raised interest rates by 75 basis points for a third time to tame inflation

Meanwhile, some Chinese refineries are considering increasing operations in October, eyeing increased demand and a possible reversal of Beijing's fuel export policy, which could boost demand for crude oil but analysts at "Citi" said in a note that oil prices remain under selling pressure due to the build-up of inventories and the deteriorating economic outlook

US crude stocks rose by 1.1 million barrels in the week ending September 16 to 430.8 million barrels

A higher dollar also put a lid on oil price gains as it makes crude oil more expensive for many buyers. The dollar index touched a 20-year high against a basket of other currencies on Wednesday  LINK

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Samson:  3 years in prison for a former local official and his employees in Tikrit

22nd September, 2022

Today, Thursday, the Iraqi judiciary issued a 3-year prison sentence against a former local official and two employees in the city of Tikrit, Salah al-Din Governorate. 

An official source told Shafaq News Agency, that a court ruling was issued today against Omar Al-Jarad, the former director of Tikrit municipality, and the employees in his office, "Ahmed Mazhar" and "Nazim al-Samarrai", to imprisonment for 3 years in corruption cases.  LINK

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DoTalkToMe:  We await outcome of UN meetings. The excruciatingly long labor pains are going to give birth....and this BABY is about to come forth and temperarily save the world's economy from imploding. IMO

Billuke: I posted this reply several times in past years....Baby? It's been so long, it should give birth to an adult. 

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Samson:  Imprisonment and imprisonment of a general manager at the Investment Authority and an officer of the Interior

22nd September, 2022

The Federal Integrity Commission announced today, Thursday, the issuance of two verdicts convicting a former director general in the National Investment Commission, and a liaison officer between the ministries of interior and health.

The commission's investigation department said, in a statement received by Shafaq News Agency, that the Rusafa and Al-Muthanna Criminal Courts, which are specialized in integrity issues, issued two sentences of imprisonment and imprisonment in the presence of the former Director-General of the Relations and Promotion Department in the National Investment Commission, and a liaison officer between the Ministry of Interior and the Muthanna Health Department.

The circuit added that the Rusafa Misdemeanor Court issued a prison sentence with enforcement against the accused, the Director-General, on the issue of exploiting his position to recruit foreign workers and diverting them outside the workplace.

She explained that the Al-Muthanna Criminal Court, which is specialized in integrity issues, issued a sentence of imprisonment for five years and one month, and a fine of (23,000,000) million dinars on the accused who holds the position of liaison officer between the Ministry of Interior and the Muthanna Health Department; for appointing (38) policemen by a forged ministerial order, pointing out that the court issued the ruling; 

According to the provisions of Article (289) of the Penal Code. She emphasized that the two courts, after reviewing the evidence obtained in these two cases, found it sufficient and convincing to convict the accused.  LINK

Samson:  In the document: The judiciary decides to bring in the Minister of Oil and a number of ministry officials

22nd September, 2022

The Baghdad / Karkh Court of Appeal decided to bring in the Minister of Oil, Ihsan Abdul-Jabbar, against the background of the seizure of privileged lands belonging to the Central Oil Company

And a document seen by Al-Ghad Press stated, “This court is conducting an investigation into the information attributed to the National Oil Company, which includes the seizure of privileged lands belonging to the Central Oil Company in the Mansour area and selling them in violation of the law of selling and renting state funds, and in order to complete the fundamental investigations, the court decided to bring in the accused.”

Each of (Ihsan Abdul-Jabbar Ismail, Firas Ali Muhammad Sadiq, Hamid Younis Saleh and Qaddouri Abdul Salim) according to the provisions of Article 316 of the Penal Code, for the accusation of exploiting their jobs and unlawfully seizing the plot of land numbered (7/18, District 20 Daoudi) owned by the Central Oil Company  LINK

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Samson:  Massive protests continue in Iran (video)

22nd September, 2022

Today, Thursday, a video clip showed the continuation of massive protests in Iran against the background of the killing of Mahsa Amini.

The video received by (Baghdad Today) shows the massive protests that roam the Iranian streets in light of the continuation of the demonstrations and their movement to most parts of the country against the background of the death of the Kurdish young woman, Mahsa Amini, hours after her arrest by the morality police" because of the way she wore the hijab."

Earlier this week, the Iranian authorities confirmed the deaths of 3 people during popular unrest following the death of the young woman, Mahsa Amini, while in police custody, but sought to exclude any responsibility of the security forces for this, saying that the killing of the protesters was "suspicious."

Protests over the killing of Amini continued in several cities, including the capital, Tehran, at a time when the police announced the arrest of 22 demonstrators, and the United Nations expressed concern about the Iranian government's response to the protests and 22-year-old Mahsa Amini died last Friday, after she fell into a coma after she was arrested by the morality police in Tehran for her "improper dress", which sparked outrage across the country and protests in many regions.

VIDEO LINK   LINK

MilitiaMan Wednesday Evening "It's Show Time" 9-21-2022

KTFA:

What will Al-Kazemi have for Biden during his upcoming visit to Washington?

And political analyst Ali Al-Baydar says, in a report that I followed (Baghdad Today), that “the political crisis will certainly be present during Al-Kazemi’s talks with American officials in Washington, but since Al-Kazemi is not a party to this crisis, and the political parties see themselves as greater than the government and its president, he He will present the crisis with all impartiality, and present his observations and proposals for solutions to the American administration."

Al-Baydar points out, “The Iraqi street has become convinced that the United States is the main responsible for any failure that occurs in Iraq, because it is the one who established the existing political system, and I think that Al-Kazemi should deliver this message to officials in Washington to urge them to intervene, because the patience of the Iraqis has begun.” Running out".  LINK

Foreign Minister: Iraq's speech on the work of the General Assembly will deal with the results of the elections and the file of forming the next government

20th September, 2022

Tuesday, Foreign Minister Fouad Hussein confirmed that Iraq's speech on the work of the United Nations General Assembly, which Prime Minister Mustafa Al-Kazemi will deliver, will address internal issues, including the election results and the file of forming the next government. LINK

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 On his visit to Washington, Al-Kazemi opens the outstanding Iraqi files

And the political analyst warned that “the internationalization of the Iraqi crisis is possible if the dispute continues and develops into the use of weapons again, as happened previously in the Green Zone and Basra Governorate, and the issue of internationalization is the most prominent thing that world leaders will present to Al-Kazemi, as the international community will not remain idly by regarding what is happening.” in Iraq".

The axes of the Iraqi crisis are currently summarized in the insistence of the "coordinating framework" forces on resuming parliament sessions and resuming its work in full. It also adheres to electing a president and a prime minister with full powers instead of the current caretaker government headed by Al-Kazemi, and then going towards amending the current election law.  LINK

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MilitiaMan:  I bet the flys on the walls will be all a buzzing for key wording in Kahdimi's speech Friday.

The themes of the government, security, stability, economic reforms, etc., are all on the table. This is show time now.

The presentation in the below video is similar to that of the video they produced when Kahdimi arrived and met in Eygpt. They are well staged in advance and produced professionally.

They are not someone stumbling upstairs, nor with a wind blown little man on the Tarmac to be dissed by another administration on the White House Lawn again.  They are show casing a leader, not an interim fly by night entity.. No!!..

 It is like the world knows who is to lead them into the future and the reconstruction of Iraq with all her reforms, government in place and sovereignty in full force globally.

The UN and by extension the USA and Great Britain are key players in helping facilitate the process if need be.

The citizens of Iraq are getting very impatient, just as you and I are. Again, it is show time.. imo

I like where we are and it looks like the final push is upon us.. imo.. A good thing.. ~ MM

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Prime Minister Mustafa Al-Kazemi leaves Baghdad for New York  19th September, 2022 

https://youtu.be/Fi9VugMF4tY

https://youtu.be/Fi9VugMF4tY?t=16

KTFA Members "News and Views" Wednesday PM 9-21-2022

KTFA:

Samson:  Iraq officially joins the Asian Investment Bank

21st September, 2022

On Wednesday, Iraq announced that Iraq had officially joined the Asian Infrastructure Investment Bank.

The Iraqi embassy in China said that "Iraq has officially joined the Asian Infrastructure Investment Bank," noting that "the Iraqi ambassador in Beijing, Shorsh Khaled Saeed, from the President of the Asian Investment Bank for Infrastructure John Lequin, a certificate of membership for Iraq's accession to the bank."

And she added, "Iraq has become the 92nd member out of 140 countries in the bank."

It is noteworthy that the Asian Infrastructure Investment Bank agreed to Iraq's formal accession to it late last year.

It is hoped that the Asian Infrastructure Investment Bank will provide soft loans to build infrastructure for member states, including Iraq.   LINK

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Zeeman:  Iraq joins AIIB!  .why has no one talked about this. This is quite a big deal. This will provide soft loans for infrastructure.

Clare:  IT IS HUGE NEWS! IMO!

Suzie:  how are they doing this......on a program rate???   Just imo

JaimieO:  The same way Vietnam is doing VERY well, with one of the fastest growing GDP's in the world... all with a toilet paper exchange rate that is W A Y lower than the IQD... IMO

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Samson:  Iraq is a member of the Asian Infrastructure Investment Bank

21st September, 2022

The Iraqi ambassador in Beijing, Shoresh Khaled Saeed, received from the head of the Asian Infrastructure Investment Bank John LeQueen, a certificate of membership for Iraq to join the bank.

Thus, Iraq became the 92nd member of the Bank. The ceremony of receiving the certificate included placing the Iraqi flag among the group of member states at the Bank's headquarters.

The Asian Infrastructure Investment Bank will provide soft loans to build infrastructure for member states, including Iraq.   LINK

Samson:  Integrity carries out four seizures of fraud and embezzlement cases in Diyala

21st September, 2022

The Federal Integrity Commission announced today, Wednesday, the implementation of four seizures of price hikes, forgery and embezzlement in a number of departments in Diyala Governorate.

The Commission's Investigation Department stated, according to a statement received by Mawazine News, that "the staff of the Diyala Investigation Office revealed violations in the process of disbursing the salaries of daily wage earners working in the Muqdadiya Municipality Directorate, based on Cabinet Resolution No. February and March 2022 for service employees working as a contract in the Directorate, as there are also violations in it.

The statement added that "the office's staff, which moved to the Oil Products Distribution Company in the province, detected an exaggeration in the purchase prices of the tools for maintaining the mechanisms belonging to the company, noting that the purchase receipts that were manipulated in the prices fixed in them were seized, indicating that the total amounts disbursed amounted to (75,740,000) Million dinars".

He explained, "During the third operation, two employees of the Private Transport Authority in Diyala were arrested for collecting more amounts than what is legally prescribed, and keeping them for their personal benefit, pointing out that signed and unwritten collection receipts were seized from one of the accused, in addition to a receipt book in the possession of the other." 

He pointed out that "the work team that moved to the Cooperative Agricultural Bank revealed the process of granting a loan through manipulation and forgery," indicating that some of the bank's employees organized a loan transaction in the name of a person and disbursed it without his knowledge and approval.  LINK

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Samson:  One trillion dinars worth of embezzlement in the General Tax and Customs Authority

21st September, 2022

Representative Ahmed Al-Jubouri revealed, Wednesday, 21/09/2022, a misappropriation of one trillion Iraqi dinars in the General Tax Authority and the Customs Authority.

Al-Jubouri said in a tweet on Twitter, which was followed by the obelisk, that the extent of corruption in the General Tax Authority and the Customs Authority is very large and does not stop at blackmailing citizens, but exceeds it for the amounts of insurance deposited by foreign companies and merchants importing goods.

He added: embezzlement amounting to nearly a trillion Iraqi dinars was discovered, calling on the judiciary and integrity to investigate and investigate those responsible.

Observers believe that the systematic corruption that is taking place in the Customs Authority contributed to the squandering of public money.

The resigned Finance Minister, Ali Allawi, says that the customs file contains a lot of corruption and waste of money due to conflicting information between the Central Bank, the customs and the Office of Financial Supervision

Statistics indicate that Iraq annually imports goods at a minimum of 70 billion dollars, and the value of its customs exceeds 9 billion dollars, which means that these funds enter the state treasury, but things are different from reality, according to Allawi

. He explained that the highest revenue from customs did not exceed one billion and half a billion dollars, which means that there are 7 to 6 billion dollars missing, mostly due to the government's lack of control over the border outlets of the Kurdistan region  LINK

Samson:  On his visit to Washington, Al-Kazemi opens the outstanding Iraqi files

21st September, 2022

Concern multiplies in the Iraqi street about the continuation of the longest political crisis in the country since the US invasion of Iraq in 2003, in light of political and popular fears of a recurrence of armed conflict or heading towards an unknown political, economic and security reality.

 Yesterday, Tuesday, Prime Minister Mustafa Al-Kazemi arrived in New York to participate in the work and meetings of the United Nations General Assembly, which will start today.

A statement stated that Al-Kazemi will deliver Iraq's speech at the General Assembly meeting, and he will meet on the sidelines of the Assembly's work with a number of kings and heads of brotherly and friendly countries participating in the meetings, as well as a meeting with the Secretary-General of the United Nations. He added that "the Prime Minister, on the sidelines of the participation, will meet with a number of officials of international and regional organizations to discuss the most important files for cooperation at various levels. In order to address the economic and political challenges facing Iraq and the region.

Foreign Minister Fouad Hussein affirmed, "Iraq's speech on the work of the United Nations General Assembly, which Prime Minister Mustafa Al-Kazemi will deliver, will address internal issues, including the election results and the file of forming the next government."

A visit to the impact of Iraqi political tension

Al-Kazemi’s visit to America comes this time, in light of political and popular fears of a recurring armed clash, after the end of the religious forty visit, in light of the continuing political tension between the “Sadr movement” and the “coordinating framework.”

For his part, the leader in the "Coordination Framework", Fadel Mawat, said that his coalition "strongly rejects any external interference by Washington or the West in Iraq's internal affairs and in the current political crisis, especially since any intervention of this kind will deepen the conflict and differences instead of resolving them."

Mawat explained that Al-Kazemi "is required to discuss the files that concern Iraq, which are the economic and security, and not to address the political issue, as this is a matter for the Iraqi political forces, and they are the guarantee to resolve this dispute according to dialogue and negotiation and in the constitutional and legal frameworks." Mawat confirmed that Al-Kazemi “will inform the leaders of the political forces after his return, headed by the coordination framework, about the schedule of his visit to the United States, to find out the files he discussed there, and whether there is a tendency to conclude any new agreement, as he does not have any authority to conclude any international agreements as President A caretaker government, which is a government lacking in powers.”

On the other hand, said political analyst Maher Judeh. Al-Kazemi “will discuss the Iraqi political situation, the dispute and the conflict between blocs and parties. With the international community during his upcoming visit to the United States, especially since there are international messages of warning and concern that reached during the past period to many Iraqi political parties and even the government.

And Judeh indicated that "the political crisis will top the files that the Prime Minister will discuss with the leaders of the countries with whom he will gather. On top of them is Biden, and we also expect that Al-Kazemi will hear strongly worded warning messages about the evolution of the political conflict in Iraq to the use of violence and weapons.

And the political analyst warned that “the internationalization of the Iraqi crisis is possible if the dispute continues and develops into the use of weapons again, as happened previously in the Green Zone and Basra Governorate, and the issue of internationalization is the most prominent thing that world leaders will present to Al-Kazemi, as the international community will not remain idly by regarding what is happening.” in Iraq".

The axes of the Iraqi crisis are currently summarized in the insistence of the "coordinating framework" forces on resuming parliament sessions and resuming its work in full. It also adheres to electing a president and a prime minister with full powers instead of the current caretaker government headed by Al-Kazemi, and then going towards amending the current election law.

Featured files

On the other hand, the Sadrist movement rejects this and insists on dissolving parliament and holding early elections within 9 months. It also proposes amending paragraph 76 of the constitution regarding the major bloc that has the right to form a government. He also raises another demand, which is the amendment of the Federal Court law to be more independent from the political parties that, since 2005, have actually chosen the 11 members of this court, using sectarian and partisan quotas. In addition, the Sadrist movement refuses to amend the electoral law.

His meetings on the sidelines of participation in the meetings of the General Assembly of the United Nations

 Al-Kazemi met in New York, the King of the Hashemite Kingdom of Jordan, King Abdullah II bin Al-Hussein. On the sidelines of participation in the meetings of the United Nations General Assembly.

His media office mentioned that during the meeting, bilateral relations between the two countries and ways to enhance them were discussed. As well as discussing the latest developments on the regional and international arenas. He pointed out that “the meeting discussed preparations for holding the Baghdad 2 Conference for Cooperation and Partnership in Jordan. As well as discussing economic cooperation in various fields and at all levels. He also reviewed the stages of progress in the electrical interconnection project that the two countries were keen to move forward, due to the benefit and interest of the two brotherly countries.

The statement continued, "The two sides stressed the importance of maintaining joint coordination and continuous cooperation in various fields, in light of the outcomes of the tripartite summit meetings that resulted in several agreements. It can contribute to achieving the interests of the peoples of the two brotherly countries, and the rest of the peoples of the region.”

Bilateral cooperation

Al-Kazemi and Iranian President Ibrahim Raisi discussed bilateral cooperation, while they stressed the importance of accelerating the work of the agreement between the two countries on addressing climate challenges.

A statement from his media office said that "the meeting touched upon Iraq's prominent role in achieving regional security and stability, by resolving differences between countries based on the policy of dialogue and calm, and convergence of views." In order to achieve peaceful solutions in the region, he pointed out that “the two sides stressed the importance of continuing bilateral cooperation between the two neighboring countries, in various fields, especially economic, security, cultural, and energy, and high coordination to confront climate changes, and speeding up work on the agreement concluded between the two countries on addressing climate change.” Climate challenges the world is witnessing.

Economic cooperation

He also met with Spanish Prime Minister Pedro Sanchez and the two sides stressed the importance of strengthening joint cooperation in the economic field.

A statement explained, "The two sides reviewed Iraq's efforts in combating terrorism and pursuing its remnants, and the importance of strengthening security cooperation with the North Atlantic Treaty Organization (NATO) countries that provide assistance to the Iraqi security forces in the field of advice and training, and the meeting also witnessed an emphasis on cooperation in the economic field, especially in the field of Alternative Energy".

The statement concluded that “the meeting witnessed an emphasis on the importance of the reform programs pursued by the Iraqi government, and its positive endeavor to secure sustainable development. This contributes to enhancing stability and security in Iraq and the region.”

The Austrian chancellor expressed his thanks to Al-Kazemi. He highly appreciated the efforts of Iraq and its security forces in pursuing the remnants of terrorism and drying up its sources. He pointed out that “the meeting discussed dealing with the immigration file, and preparing for the voluntary return of Iraqi immigrants. As well as looking into the prospects of direct air link between Iraq and Austria. And the possibilities of cooperation in the field of clean and renewable energy, and the development of investment in the field of solar energy.”

The two sides expressed their "support for efforts to calm down, enhance stability in the Middle East, and support Iraq's efforts to bring about sustainable development, economic reform, and activate regional cooperation."

Al-Kazemi had visited Washington in July 2021, where he held the fourth and final round of strategic dialogue with US President Joe Biden. Which ended with the announcement of the withdrawal of US combat forces from Iraq at the end of last year, according to the announcement of the Iraqi government at the time.

The visit comes amid a stifling political crisis in the country, described as the worst in the post-2003 history of Iraq, which came after the early legislative elections were held last October.  LINK

Sir:  IMO-Is it possible that Kazemi is going to drop the MOAB’s in his speech before the UN on Friday? Will Kazemi announce that Iraq will move away from the petro-dollar and join the BRICS nations! Very interesting… Bye bye Byedan and the UN Iraq don’t need you!

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Samson:  Political analyst: Parliament session next Saturday, and another more important on September 27

9/20/2022 23:41:37

 The political analyst, Abu Mithaq Al-Masari, suggested that a parliamentary session will be held next Saturday to elect the first deputy speaker of the House of Representatives.

  Al-Masari said; for the “Al-Sistara” program broadcast by Al-Furat satellite channel tonight: “Next Saturday, a parliamentary session will be held to elect the first deputy speaker of the House of Representatives, and on the 27th of this month, if the session goes positive, the President of the Republic will be elected and the Prime Minister will be assigned to form the government.” "Security arrangements in Baghdad are underway to prevent abuse or encroachment on state institutions," he said.

Al-Masari added that "the meeting of the coordination framework candidate for the prime minister, Muhammad Shiaa Al-Sudani, today was not provocative to any particular political bloc or party, and the country is in danger and the necessity of the path, as independent deputies, Charna and others attended the meeting."  He explained, "The meeting came as an urgent extrapolation, in which the person in charge seemed useful and important towards amending and evaluating his next government, and everyone is seeking to mature the form of the government and move the political process forward." 

Al-Masari added, "So far, the framework has not dropped its approval or participation of the movement in the next government, and it will not turn its back on it and in constant communication with its leaders. Before the Arbaeen visit, there were two successive visits to the movement."   He noted that "there is no constitutional text that stipulates that the next government should be one year old. We have a political reference and a constitution. We judge a mechanism regarding the form of the next government. There is no alternative to the constitution despite all the observations about it."

Al-Masari stressed, "The framework has gone on to achieve a strong, service government that fulfills its tasks and obliges others to do so. Everyone suffers, and the conditions when they are presented to special moods at the expense of people's interests are very flawed, and the formation of the government as soon as possible leads to achieving the citizens' demands." He continued, "The framework does not have harsh conditions or determination, even the leader of the Sadrist movement, Mr. Al-Sadr. We saw from him that he did not object to Al-Sudani's personality as a candidate for the government, but he objected to the selection mechanism and did not officially demand the replacement of Al-Sudani with another candidate."

He considered Al-Masari, returning the cart to the tracks is "the biggest and main concern, and then all matters are subject to negotiation, substitution and replacement. As for the tripartite delegation, it will discuss the participation of the Sadrist movement in forming the government." 

He concluded by saying, "The Kurdistan Alliance is supposed to take its turn towards holding the parliamentary session to elect the president of the republic, instead of asking the framework to achieve a quorum of 220 deputies to elect their candidate."  LINK

Some "Tuesday News" Posted by Samson at KTFA 9-20-2022

KTFA:

Samson:  Putin: The world order is currently changing and the world is moving towards pluralism

20th September, 2022

Russian President Vladimir Putin said that Russia had not received any response to its offer to provide countries in need with grain for free.

In his speech, while receiving the credentials of a number of new foreign ambassadors, Putin added that "the European Union's refusal to respond to Russia's proposal to transfer Russian fertilizers from European ports to developing countries for free is the height of ridicule."

In a separate context, the Russian President stated that "the world order is currently changing and the world is moving towards pluralism," adding that "the hegemony in world affairs cannot last forever." 

LINK

Samson:  The World Bank expresses its concerns about the recession in the global economy

20th September, 2022

The President of the World Bank, David Malpass, today expressed his concerns about a worsening global economic recession.

Malpass said during a press statement that the global recession may continue beyond 2023, adding that a strong dollar is one of the main components that support the US financial markets.

Earlier, World Bank President David Malpass said today that the lack of progress by the world's largest economies in relieving the debt burden of the poorest countries while increasing borrowing costs will exacerbate poverty and instability rates.

Malpass added in a TV interview that debt relief is of great importance to the world because interest rates are rising. The head of the World Bank Group explained that debt was already very stressful, and now countries are suffering from currency devaluation, which is causing inflation.”   LINK

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Samson:  Bank of America: Average oil prices in 2023 will reach $100 per barrel

20th September, 2022

Bank of America expects that the average oil price will reach $100 per barrel next year 2023, indicating that this rate of prices comes with the recovery in demand in China and the decline in Russian production, which keeps global supplies scarce 

The bank said, oil will average $100 a barrel in 2023 as demand returns in Asia and Russian production declines, and further disruptions to Russian supplies may push prices up, but the global recession may limit them 

In a note on global oil demand, Bank of America strategists said the Asian region is expected to achieve 86% of the 1.7 million barrels per day of oil consumption growth we expect for next year, compared to just 19% of the 2 million barrels per day we expect. 2022 

For 2023, the Bank expects oil demand to grow at an average of 1.7 million barrels per day, which is lower than what the International Energy Agency, the Energy Information Administration and OPEC expect.  LINK

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Samson:  Parliamentary Oil: Iraq recorded the largest financial abundance in its history this year

9/20/2022 18:30:00

The Parliamentary Oil and Gas Committee announced today, Tuesday, that Iraq recorded the largest financial abundance in its history this year.

 Committee member Durgham al-Maliki told Al-Furat News: "Iraq has a great opportunity to benefit from the financial surplus and the escalation of the export rate."

He added, "It has a great opportunity to prepare infrastructure and improve living conditions from the escalation of oil exports, as Iraq recorded the largest financial abundance in its history this year."

Al-Maliki indicated, "The political problems and the survival of the caretaker government devoid of authority negatively affected the investment of these funds, as well as the lack of authority to approve a budget to take advantage of this abundance."   LINK

Samson:  Iraq will meet with 3 Arab countries next week to discuss the file of economic integration

20th September, 2022

Representatives from Iraq will meet next week with their counterparts in 3 Arab countries to discuss the file of economic integration, while the Iraqi and Lebanese sides agreed to export surplus agricultural products in both countries.

A statement issued by the Ministry of Agriculture, received by the Iraqi News Agency (INA), said that the Minister of Agriculture, Muhammad al-Khafaji, held a joint meeting at the center of the ministry this morning, Tuesday, with his Lebanese counterpart, Abbas Hajj Hassan, in the presence of the Lebanese ambassador to Iraq, the president and members of the Baghdad Chamber of Commerce, and senior traders and importers to discuss ways Joint cooperation in the field of commodity exchange between the two brotherly countries and ways to create an integrated economic environment between brotherly countries, including Lebanon, as well as overcoming the obstacles facing the export and import of agricultural products.

 The statement quoted the official spokesman of the ministry, Hamid Al-Nayef, as saying that "Minister Al-Khafaji stressed the keenness of the Iraqi government represented by the Ministry of Agriculture to increase cooperation and agricultural trade exchange between Iraq and the brotherly Arab countries in all fields and in a manner that serves common interests, in addition to facilitating procedures for the export and import processes and supporting exporters and importers
 

According to the statement, Al-Khafaji agreed to a proposal to establish a joint Iraqi-Lebanese transport company that works to transport goods and agricultural products between the two countries and deliver them to consumers at the lowest prices and costs, noting that "this process is carried out through the private sector and that the ministry will be supportive of it

." Al-Khafaji explained that "the ministry protects the local product on the one hand and protects the consumer on the other hand, and this partnership does not affect the locally supplied products, as all imported products are not provided locally and according to the agricultural calendar that controls the import and export process

According to the statement, the Minister of Agriculture stressed the need to work hard to build a real partnership for economic integration between the two countries, announcing the holding of a four-way meeting between Iraq, Syria, Lebanon and Jordan early next week in Amman in order to continue searching for possible means to make the process of economic integration between the four countries succeed

For his part, the Lebanese minister affirmed the depth of the brotherly relations between the two countries in all fields, noting that "Lebanon has many agricultural crops that are surplus to need and it is possible to export them to Iraq, in addition to allowing the export of Iraqi agricultural products that are surplus to need, including dates, to Lebanon within the framework of the commodity exchange policy. agricultural products between the two countries  LINK

Monday Night KTFA CC "There Was Peace In The Streets" 9-19-2022

KTFA

Monday night KTFA CC

Frank26:  9-19-22………THERE WAS PEACE IN THE STREETS

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

Frank’s team is Walkingstick, Petra, MilitiaMan and Eddie in Iraq

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

https://www.youtube.com/watch?v=XOr5ygExLH0