Some "Thursday News" Posted by Samson at KTFA 10-6-2022

KTFA:

Samson:  World Bank: Oil developing countries will achieve 4% growth led by Iraq

6th October, 2022

The World Bank expected that developing oil-exporting countries are expected to join the Gulf Cooperation Council and achieve growth, but at lower levels, with expectations that 2022 will witness a rise in growth rates to 4.1%, led by Iraq, with growth reaching 2.7% in 2023

The World Bank added, in the latest report on economic developments in the Middle East and North Africa, entitled "Enhancing Transparency and Accountability in the Region", that the economies of the Middle East and North Africa region will grow by 5.5% in 2022, to record the fastest growth rate since 2016, to reach The pace of growth to 3.5% in 2023, while it is estimated that growth in the Gulf Cooperation Council countries will accelerate to 6.9% in 2022, driven by hydrocarbon exports, with a growth rate of 3.7% in 2023

The report pointed out that growth is uneven across the region as countries that are still striving to overcome the lasting effects of the “Covid-19” pandemic, are facing new shocks due to high oil and food prices due to global geopolitical tensions, high global interest rates as well as The slowdown in the economies of the United States, China and the Eurozone

The report indicated that for developing oil-importing countries, it is expected to achieve a growth of 4.5% in 2022 and 4.3% in 2023, and Egypt leads this group, recording a growth of 6.6% in the fiscal year ending in June, driven by gas exports, communications and tourism

The report concluded that the oil-exporting countries in the region will benefit from the high prices of hydrocarbons (oil and gas), while the oil-importing countries in the region face adverse conditions, as they suffer from increased pressures and risks as a result of high import bills, especially food and energy imports, and the shrinking space available for spending in their public finances

The report emphasized that slow economic growth in the United States and China and the possibility of recession in Europe pose risks, especially in oil-importing developing countries that rely more on tourism and external demand from Europe, as this group of countries depends more on trade with the euro area, especially countries Importing oil in North Africa and geographically closest to Europe

The report pointed out that policy makers throughout the region have introduced some measures, especially price controls, subsidies and subsidies, to reduce the salty prices of certain commodities such as food and energy compared to their international prices, noting that this matter had an impact in keeping inflation in the region lower than in other regions. He pointed out that the average inflation in Egypt during the period from March to last July amounted to 14.3%, although it would have been higher at 18.4% if the competent authorities had not intervened

The report pointed out that the governments of the region will continue to incur additional expenditures to increase subsidies and cash transfers to mitigate the damage to the living standards of their residents due to the rise in food and energy prices globally, while for the Gulf Cooperation Council countries and developing oil-exporting countries, this is not a major concern. Currently, as unexpected revenue increases due to higher hydrocarbon prices have significantly increased fiscal space and will lead to fiscal surpluses for most oil-exporting countries in 2022, even after increased spending on inflation mitigation programmes

The report expected an acceleration in the per capita real GDP growth for the region to 3.9% in 2022, before declining to 2% in 2023, but this growth varies between groups of countries, and it is expected that the growth rate of per capita GDP will accelerate In the Gulf Cooperation Council countries, it will reach 5.5% in 2022, while the growth rate will reach 2.5% for the developing oil-exporting countries in the same year

The report pointed out that for oil-importing developing countries, the per capita GDP growth rate is expected to remain at about 2.9 percent in 2022, and 2.7 percent in 2023. The report expected that the current account balances and public finances for the Middle East and North Africa region will improve significantly in 2022, to reach 10.5% and 1.9%, respectively, driven by the rise in hydrocarbon prices. In the Gulf Cooperation Council countries, the current account balance is expected to rise to 17.2% in 2022, and 14.6% in 2023, from 7.9% in 2021. LINK

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Samson:  A financial expert determines when the dollar will end completely!

6th October, 2022

Andrei Vernikov, an independent financial expert, said that the establishment of a global reserve currency alternative to the dollar will take decades, noting that the dollar is strong despite its negativity, but confidence in it is still high.

The financial expert explained his position by saying that "many countries of the world, on the one hand, have large debts in dollars, and on the other hand, some countries export natural resources, the value of which is declining due to the rise in the value of the dollar, but the cycles of the rise and fall of the dollar alternate constantly," explaining in this context, developing countries suffer at some point, and then profit again.

Vernikov assumed that the real alternative to the dollar in world trade should have a history spanning at least several decades, while at present, even the euro could not become such an alternative, and the cryptocurrencies that were expected to play such a role too volatile, in his view.

The financial expert also noted that trade in national currencies between some countries is quite possible. And that Russia, in particular, is already making such deals with a number of neighboring countries.   LINK

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Samson:  A Kurdish party talks about a UN intervention to end the president's crisis

6th October, 2022

The Kurdistan Democratic Party confirmed today, Thursday, that there is an international intervention regarding going to an agreement and nominating one person for the President of the Republic.

The leader of the party, Wafa Muhammad Karim, said in an exclusive interview with "Mawazine News", that "there is interference from the United Nations representative in Iraq, Jenin Plasschaert, to reach a Kurdish agreement and to nominate one person for the presidency of the republic," noting that any interference from foreign countries or others. It is not relevant because this file is considered an internal matter and it is not permissible to interfere in it.”

He indicated that “there are visits from some consulates of foreign countries in the region, and their visits are limited to dialogue and consultation without pressure.”

He pointed out that “only the United Nations intervened in this matter,” noting with the holding of the parliament session, it is possible to reach a solution to this matter, and without holding it, matters will remain suspended.”

He stressed that "the selection of the President of the Republic depends on holding a parliamentary session, which will help reach a solution." LINK

Samson:  "Taslujah" hosts the 15th edition of the Sulaymaniyah International Fair

6th October, 2022

The Sulaymaniyah Chamber of Commerce and Industry announced today, Thursday, the completion of all preparations for the launch of the activities of the fifteenth international exhibition on the fairgrounds in the "Taslujah" area, with great participation. 

The Director General of the Chamber, Salam Abdullah, said during a press conference attended by Shafak News Agency, that the 15th International Exhibition will open in Sulaymaniyah from 11 to 16 October.

He added that more than 150 companies from 12 Arab and foreign countries will participate in the exhibition, in addition to local companies.  He pointed out that this year's exhibition will be supported by the Federal Trade Ministries, the Kurdistan Region and the Investment Authority.  LINK

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Samson:  Al-Kazemi: Iraq needs a government and a budget, and the crisis is a crisis of confidence

06/10/2022 11:31:18

Prime Minister Mustafa Al-Kazemi confirmed, on Thursday, that Iraq needs a government and a budget, and its absence for this long is unacceptable.

Al-Kazemi said in a statement received by {Euphrates News}, that “this government, despite the difficult political and economic conditions, and despite the absence of the budget, has steadfastly pursued its vision and overcame many obstacles, and it continues to do so tirelessly,” noting that “Iraq needs a government and a budget, and its absence for so long is unacceptable.”

 He added, "These circumstances and this obstruction must be resolved and must end, for the sake of Iraq and the Iraqis, and for the sake of building the state and its institutions," adding, "The crisis today is a crisis of confidence, and it can only be restored or repaired through frank and constructive dialogue."

Al-Kazemi explained, "The solution is to return to the table of dialogue and discussion, put aside differences and speak in all honesty and integrity, to come up with realistic solutions that end this political crisis," explaining, "We are destined to understand, cooperate, meet and engage in dialogue, we are the people of one country, and our national and moral responsibility is to preserve it." And on his abilities, and bear the full responsibility at this historical moment.

He continued, "I call on the brothers in the governorates, the governorate officials, to assume their national and moral responsibilities. They have the authority to address any defect in accordance with the legal contexts and the directions provided to them."

He stated, "The world has changed, and the concepts of political and economic relations have changed in favor of development and cooperation, and this is what we do when we look for partners and cooperate with them to develop our country and secure the needs of all our people."

Al-Kadhimi continued, "Today, we are laying the foundation stone for the Iraqi-Jordanian electrical interconnection line project, to devote the project of cooperation and partnership, and positive interaction with our surroundings, in the service of our country and people. policy of openness and cooperation. And he added, "We have previously worked on the electrical connection with Saudi Arabia and the Gulf states, and the agreement was signed at the Jeddah conference months ago and we worked on several clean energy projects with reputable international companies, to keep pace with the developments of the times and the challenges of the environment."

Al-Kazemi pointed out that "Iraq today enjoys great confidence, weight and presence... and we are trying to invest this privacy, and this opportunity, in the service of Iraq and the Iraqis."   LINK

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Samson:  The sentencing of Iraqi officials in the Ministries of Defense and Reconstruction and Housing

6th October, 2022

The Federal Integrity Commission announced today, Thursday, the issuance of two verdicts convicting officials in the Ministries of Defense and Construction and Housing, Municipalities and Public Works.

In a statement received by Shafaq News Agency, the commission's investigations department said that the Karkh and Al-Hilla Criminal Courts, which are specialized in cases of integrity, issued two prison sentences and imprisonment in absentia against the director general of the General Directorate of Budget and Programs in the Ministry of Defense and the director general of the municipalities of Babylon, the former; For deliberately causing damage to the funds and interests of the entity in which they work and committing something that violates their job duties. 

The circuit added that the Karkh Criminal Court issued a six-year prison sentence to the convict, the former Director General of the General Directorate of Budget and Programs in the Ministry of Defense; For deliberately causing damage to public funds by disbursing the amount of a contract concluded by the Ministry to supply (400) four-wheel drive “Land Cruisers” and (100) ambulances to persons not authorized to receive delivery.

And it indicated that the Hilla Misdemeanors Court, which is competent to look into integrity issues, sentenced the former director general of the municipalities of Babylon to severe imprisonment for a period of two years, for violations committed by him to the terms of the purchase contract (4) vehicles of "waste caps" type "azuz" for the benefit of the municipality of Al-Qasim from the General Company for the Automotive Industry and equipment in Alexandria.

The department indicated that the convict did not calculate the fines for the delay on the company after the expiry of the processing period of (180) days, in addition to paying 95% of the contract value. She confirmed that the two courts issued two judgments in absentia based on the provisions of Articles (340 and 331) of the Penal Code, and issued an arrest and search warrant against them, while supporting the seizure of their movable and immovable property.  LINK

KTFA Members "News and Views" Wednesday PM 10-5-2022

KTFA:

Samson:  Next Sunday .. a parliamentary committee hosts the governor of the Central Bank

5th October, 2022

The Presidency of the House of Representatives informed the governor and members of the Board of Directors of the Central Bank of Iraq, to ​​set next Sunday as a date for hosting them in the Parliamentary Finance Committee, to discuss themes related to the bank's work, currency auction and financial transfers.  LINK

Gem:  I have a question about the last two cc's and the Satellite Banks and if or when the open up in the states how would they be able to only allow Iraqi citizens here to exchange at the new rate without the rate being on forex if they are to have to use US laws?

Clare:  FRANK NEVER SAID ANYONE WOULD EXCHANGE BEFORE ANYONE ELSE... FRANK SIMPLY SAID THEY WOULD OPEN ON THURSDAY...STAY TUNED  imo….. WHEN THE CBI OFFICIALLY CHANGES THE RATE ALL BANKS WILL HAVE IT  (THAT DEAL WITH THE DINAR)   IMO

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Samson:  A deputy calls on the Sudanese to implement his economic reform program

5th October, 2022

The deputy of the Sadiqoun parliamentary bloc, Zainab Juma'a Al-Moussawi, stressed today, Wednesday, the need for Mr. Muhammad Shia Al-Sudani to change the exchange rate of the Iraqi dinar against the US dollar.

Al-Moussawi said in a statement received by Mawazine News, a copy of it, that "the candidate for the coordination framework for the presidency of the Iraqi government, Muhammad Shia Al-Sudani, must proceed with the implementation of the reform economic policy that he intends to implement when he heads the government, which is very soon."

The statement added that "one of the steps of economic reforms in Iraq is to restore the exchange rate of the Iraqi dinar against the US dollar from 1450 dinars to 1180 dinars for 1 dollar."

He pointed out that "the change in the Iraqi currency exchange rate led to economic and financial damage in Iraq and a deterioration in the state of the local market."

And he indicated that "reducing the exchange rate of the Iraqi dinar will lead to a decrease in the prices of real estate, food, consumer and construction materials, and cause stability in the local market." LINK

MilitiaMan:  This coming from this source is not going to happen. There is no evidence that going back to 1180 is part of any plan let alone from someone who is not in charge yet nor may ever be.. The CBI has stated there is a need in the future for coins. They have already in 2018 have had new currency issuance noted in their financials. The rate of 1180  will never work to have a need for coins.. lol EVER... ~ MM

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Samson: The appearance of Muhammad Salih : Issuing a new denomination of currency .. Improving the efficiency of the monetary system

2nd October, 2022

The financial expert, advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed: The issuance of a new category of currency... is an improvement in the efficiency of the monetary system.

He told the National Iraqi News Agency ( NINA ) that the issuance of a new category for cash circulation, especially a category that is not very high, does not mean that it is an expression of inflationary conditions, but rather it is a measure to improve the efficiency of the performance of the cash payments system in the country with intermediate currencies that serve the speed of monetary exchange and facilitate the settlement of transactions and payment methods within the community. Economic.

Saleh added: The announcement by the Central Bank of Iraq of the imminent issuance of a category of twenty thousand dinars, comes within the framework of improving its policy in managing the cash payments system in the country, which required through experience the need to issue a category (intermediate currency) divisible by two to facilitate cash payments (not large). ) within the country's monetary system.

And the Governor of the Central Bank, Ghaleb Mukhaif, said in a press statement: We are currently working on completing the design of a new currency of 20 thousand dinars, after a series of practical studies to unify the Iraqi currency, and it will be announced after completing its printing in the future.   

LINK

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Samson:  Politician warns: Plasschaert's briefing may push Iraq towards international trusteeship

5th October, 2022

The Iraqi politician, former MP Mithal Al-Alusi, said today, Wednesday, that the briefing of the UN Special Representative, Jenin Plasschaert, at the UN Security Council may push towards guardianship over Iraq.

The trusteeship system applies to countries that are defined in international law as “deficient in sovereignty,” and are subject, according to special conditions, to an agreement whose implementation is supervised by the Trusteeship Council of the United Nations.

The international trusteeship system came as an alternative to the mandate system that was applied during the era of the League of Nations, which was replaced by the United Nations with its establishment in 1945, in order to settle the situation of the colonial countries in accordance with international legal legitimacy that moved them gradually from a situation of complete colonialism to a transitional situation followed by complete independence.

Al-Alusi told Shafaq News Agency, "Plasschaert's briefing revealed to the international community the tragic situation that Iraqis are experiencing due to the corruption of parties and blocs, and the dominance of militias loyal to Iran and involved in killing and robbing Iraqis."

And he indicated that "the international community will not remain a spectator of what Iraq is going through, and for this there is a possibility for the international guardianship to intervene in Iraq during the next stage, in order to ensure its stability, which will be reflected in the stability of the entire region and the world."

Yesterday, Tuesday evening, Blaskharat gave a briefing to the UN Security Council on the situation in Iraq, in which she confirmed that differences prevail over the language of dialogue, and that the southern provinces are witnessing armed skirmishes and the political class is unable to resolve the crisis.

"The disappointment of the people has reached sky-high. Many Iraqis have lost faith in the ability of Iraq's political class to work for the benefit of the country and its people. Continuing failure to address this loss of confidence will only exacerbate Iraq's problems," said Blackshart.

She pointed out that "the political system and the system of governance in Iraq ignore the needs of the Iraqi people. The rampant corruption represents a major root cause of dysfunction in Iraq. No leader can claim that he is protected from it. Keeping the system "as is" will rebound with negative results."  LINK

DoTalktoMe:  The UN sure has a lot to say about Iraq. Not exactly glowing reviews.
I am sure Kadamie's hiding government are all well seasoned and do not need to be protected.
This explanation is just in place to explain there inaction.
They are wealthy enough to pull this off many times over.
Why the continued delay, God only knows.

Venustwo2: October 10,2021, Iraq had their election. They are 5 days away from their anniversary date. Let's see if anything happens by then. We can always hope. Maybe they are dragging this out towards the U.S. mid-term elections. Who knows

Mark:  YOU ALL  STILL DON'T GET THAT THE EVIL CABAL DOESN'T WANT IT TO RI/RV OR GIVE THE CITIZENS PP AS THEY WANT WAR AND CONFUSION NOT ONLY IN IRAQ BUT EVERYWHERE AND ANYWHERE THEY CAN SO THEY CAN STEAL AND CONTROL YOU AND YOUR MONEY USING THEIR GLOBALIST IDEAS AND TRYING TO PROMOTE THEIR EVIL AGENDAS.
I HAVE NEWS FOR THEM OUR GOD REIGNS ! THEIR FALL IS COMING SOONER THAN THEY THINK!

Some "Tuesday News" Posted by Samson at KTFA 10-4-2022

KTFA:

Samson:  America affirms its commitment to its strategic partnership with Iraq under the framework agreement between the two countries

4th October, 2022

US Secretary of State Anthony Blinken affirmed that "the United States will remain committed to its strategic partnership with Iraq and to deepening and strengthening our relations under the Strategic Framework Agreement between the United States and Iraq," expressing his aspiration to continue working on common priorities and strengthening ties between the two countries.

And the Iraqi News Agency (INA) stated that this came during the congratulatory cable received by Iraqi Prime Minister Mustafa Al-Kazemi, on Monday, from US Secretary of State Anthony Blinken, on the occasion of the Iraqi National Day.  LINK

Samson:  Al-Halbousi Congratulating the National Day: The Beginning of the Nation's March as an Independent Sovereign Country

3rd October, 2022

Monday, Parliament Speaker Muhammad al-Halbousi congratulated the National Day of the Republic of Iraq, while noting that this occasion is the beginning of the nation's march as an independent and sovereign country.

Al-Halbousi said in a tweet on his Twitter account, which was followed by (Al-Oula News), "On the third of October, we commemorate the independence of the Iraqi state and the beginning of the homeland's march as an independent and sovereign country."

"We are inspired from this day by the duty to defend its sovereignty, independence and territorial integrity, and we are united under its banner and work for its progress and prosperity," he added.

LINK

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Samson:  Al-Kazemi: We have important contracts with major oil companies, and Iraq will remain an important source of energy production

4th October, 2022

The head of the federal government, Mustafa Al-Kazemi, said that his government has contracts with major oil companies to develop infrastructure in the energy production sector in the country.

Al-Kazemi said in an interview with the French newspaper "Le Figaro", "Iraq is an important country in the field of energy production, and we have worked on developing energy infrastructure to be able to secure the energy market with high flow. We have signed important contracts with Total to expand the flow of energy supply." extracting associated gas in our oil fields, and developing clean and alternative energy projects.

He added, "We have changed the title of the Ministry of Electricity to the Ministry of Electricity and Alternative Energy, an indication of our government's directions towards moving towards clean energy that is suitable for the environment."

Al-Kazemi continued, "We have other important contracts with major oil companies to develop infrastructure in Iraq, and Iraq will remain an important source of energy production in the world. At the same time, we are working hard to adapt our energy production to modern standards appropriate to the environment to protect it and maintain its safety."   LINK

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Samson: Iraq participates in an international exhibition in Greece

4th October, 2022

Today, Tuesday, the Iraqi Businessmen Union concluded its participation in the Athens International Exhibition of Modern Technologies, Plastics and Packaging Factories, which started its work on the 1st of this month, confirming its participation in another exhibition for food industries next month in the Greek capital, Athens.

A member of the administrative body of the union, Abdel-Hassan Azzouz, told the official agency, which was followed by (Al-Oula News): "The participation of the union, consisting of businessmen of various specializations, from members in this exhibition came to introduce the public to the Iraqi products manufactured by the private sector," stressing that "the Iraqi pavilion met public approval.”

He pointed out that "after the success of the union's participation in these exhibitions, several exhibitions will be held in the future, including the Food Industries Exhibition, which will be held in November - 2022 in the Greek capital, Athens."  LINK

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Samson:  Protesters set fire to the entrance to the Dhi Qar Governorate Diwan

3rd October, 2022

Protesters set fire to the entrance to the Diwan of Dhi Qar Governorate, after clashes and skirmishes with the Iraqi security forces, on Monday evening.

A security source told Shafaq News Agency, "Protesters set fire to the outer courtyard of the governorate's office building, in the center of Nasiriyah."

He added that "the fire reached the external inquiries of the governorate office, after protesters threw Molotov cocktails from a distance," noting that "the protesters were unable to storm the building, and the security forces are in control of the situation."

Earlier in the day, a senior security commander in the Dhi Qar Police Command stated that the security forces are facing a "deviant group" intending to storm the governorate office building for the purpose of burning it.  LINK

Samson:  For the second day, oil prices continue to rise

04/10/2022 08:10:21

Oil prices continued to rise for a second day in early Asian trading, amid expectations that OPEC + may agree to a significant reduction in crude production when it meets tomorrow, Wednesday, but concerns about the global economy limited the gains.

Oil prices rose on Monday on renewed concerns about tight supply. There are expectations that the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, will cut production by more than 1 million barrels per day in their first in-person meeting since 2020 on Wednesday.

Reuters quoted sources in OPEC as saying that voluntary cuts by members could come on top of that, making it the largest wave of cuts since the start of the Covid-19 epidemic.

Brent crude futures rose 41 cents, or 0.46 percent, to $89.27 a barrel by 0444 GMT, after gaining more than 4 percent in the previous session. US crude futures also rose 22 cents, or 0.3 percent, to $83.85 a barrel. It had risen more than five percent in the previous session, marking its biggest daily gain since May. “Despite everything going on with the war in Ukraine, OPEC+ has never been this strong and will do whatever it takes to make sure prices are supported,” Edward Moya, a senior analyst at OANDA, said in a note.

And OPEC + boosted production this year after record cuts in 2020 due to the damage to demand caused by Corona. But the organization failed in the past few months to meet the planned increases in production, which it did not achieve in July, by 2.9 million barrels per day.

Oil prices have fallen for four consecutive months as the COVID-19 shutdown in China, the largest oil importer, curbed demand while higher interest rates and a stronger dollar put pressure on global financial markets.

Major central banks embarked on the biggest round of interest rate increases in decades, raising fears of a global economic slowdown.

A preliminary poll by Reuters showed, on Monday, that US crude oil inventories increased by about two million barrels in the week ending September 30.  LINK

Monday Night KTFA CC "Hey Framework Are You Scared Yet?" 10-3-2022

KTFA

Monday Night KTFA CC

10-3-22…..HEY FRAMEWORK ARE YOU SCARED YET?

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=9WV604SYSyY

MilitiaMan Monday Afternoon " Looks Good For Us" 10-3-2022

KTFA:

Samson:  Deputy: Reducing the price of the dollar will be a top priority for the new government

3rd October, 2022

The deputy of the coordination framework, Ali Al-Bandawi, revealed, on Monday, the existence of a study on the possibility of returning the dollar exchange rate to its previous era, stressing that returning the exchange rate to what it was before has become a popular demand.

Al-Bandawi said in a statement to "Al-Maalouma", that "there is a study to return the exchange rate of the dollar, as it has become a popular demand, and that the only affected person is the poor citizen."

He added that "the file of changing the exchange rate will be a top priority for the new government, as it is linked to the state's financial policy," noting that "the people affected by it are a large segment of the Iraqi people and must be returned to its previous price, as it has become a popular demand."

And the representative of the Al-Fateh Alliance, Rafiq Al-Salihi, had revealed earlier, the existence of parliamentary moves to reduce the dollar exchange rate, indicating that Iraq’s revenues increase monthly after the rise in oil prices, which necessitates the government to return the dollar exchange rate to its previous era.  LINK

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MilitiaMan:  When they reduced the IQD to 1460 from 1190, it hurt the poor. That course of doing so has been run and served it's purpose.

 The next stage for the Central Bank is to serve it's purpose in a far more profound way that benefits the poor with purchase power. 

By that, it is to adjust the value of the IQD to an internationally acceptable and tradable currency outside it's borders and on international platforms with an IMF Article VIII compliant currency.

That is what has become a popular demand we are reading about.  Reverting back to 1190 is not reverting back to an era that was internationally acceptable nor Article VIII compliant with the IMF.

Having small category denominations doesn't work with program rates. The CBI didn't print new currency issuances in 2018 to throw them in the trash..  They intend to use them..  imo.. 

The new government is being hammered out as we speak. Painfully slow it is it surely seems, however, there is movement in that regard, see below.

In fact there is an intense focus on the matter. The matter is serious and it is in line with the financial issues that are already in place and ready to go once they announce the direction they are to go politically, I.e., taxes and tariffs at the borders, WTO, BUNA, etc...

It looks as though with all that has been in the news on these matters during their National Day, suggests the future meetings in the coming hours to days are very expectant for results to flow in both directions, political and financial.. Imo ~ This all looks very good for us. ~ MM

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During his meeting with Plasschaert .. Mr. Al-Hakim calls for the formation of a government of national service   LINK

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Al-Kazemi arrives in the capital of Kurdistan 

3rd October, 2022
The Federal Prime Minister, Mustafa Al-Kazemi, arrived today, Monday, at Erbil International Airport, and was received by the Prime Minister of Kurdistan Regional Government. LINK

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Masoud Barzani and Al-Kazemi stress the importance of dialogue to get out of the political blockage

LINK

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The Security Council will discuss developments in Iraq tomorrow

3rd October, 2022

Tomorrow, Tuesday, the UN Security Council will hold a session on the situation in Iraq and the United Nations Assistance Mission for Iraq (UNAMI)  LINK

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Al-Sadr: Freedom from the corrupt is the true national day of Iraq

3rd October, 2022

The leader of the Sadrist movement, Muqtada al-Sadr, said on Monday that liberation from the corrupt is the true national day of Iraq. LINK

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Board of Governors of the Federal Reserve System

Board Meeting

 Closed Board Meeting on October 3, 2022

Government in the Sunshine Meeting Notice

Notice of a Meeting under Expedited Procedures

On Monday, October 3, 2022 at 12:15 p.m., a meeting of the Board of Governors of the Federal Reserve System was held under expedited procedures, as set forth in section 261b.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board’s offices at 20th and C Streets, N.W., Washington, D.C. and by audio/video conference call, to consider the following matters of official Board business.

Meeting Date: Monday, October 3, 2022

https://www.federalreserve.gov/aboutthefed/boardmeetings/20221003closed.htm

Some "Sunday News" Posted by Samson at KTFA 10-2-2022

KTFA:

Samson:  Kurdistan government decides on the National Independence Day holiday

2nd October, 2022

The Kurdistan Regional Government announced today, Sunday, that tomorrow will be an official holiday on the occasion of the Independence Day of the Republic of Iraq.

In a statement received by Shafaq News Agency, KRG spokesman, Jutiar Adel, said that Monday, October 3, 2022, will be an official holiday in all official institutions in the Kurdistan Region on the occasion of the Independence Day of the Republic of Iraq.

And the General Secretariat of the Iraqi Council of Ministers announced yesterday that Monday, October 3, 2022, will be an official holiday on the occasion of the Independence Day of the Republic of Iraq.   LINK

Samson:  A deputy suggests the date for the election of the President of the Republic

02/10/2022 16:36:04

  A member of the Parliamentary Legal Committee, Jawad Al-Ghazali, suggested today, Sunday, this week, the date for holding a voting session on the presidential candidate.

Al-Ghazali told Al-Furat News that: "Initial information indicates that there are discussions and agreements between the Kurdish parties to identify one person who will run for the presidency of the republic."

Al-Ghazali added, "We expect that the parliament session will be held this week to resolve this file."

The leader of the Patriotic Union of Kurdistan, Ghiath al-Sorji, had expected, via Al-Furat News, that the next session or after it would be to elect a candidate for the presidency, and the coming days would solve all these matters.  LINK

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Samson: A national consensus to complete the parliament sessions and pass the prime ministerial candidate

02/10/2022 18:03:31

The deputy of the State of Law coalition, Dergham Al-Maliki, confirmed today, Sunday, that there is a consensus to complete the parliamentary sessions and pass the candidate for prime minister.

 Al-Maliki said {to Al-Furat News} that: "The political parties gave a clear message in the last session, with the presence of a consensus to complete the sessions of the House of Representatives and with the unanimity of the political blocs from the coordinating framework, the Kurds, sovereignty and the independents." Al-Maliki added, "There is a clear majority and an explicit agreement between the political forces to attend the sessions and pass the candidate to head the next government, which is agreed upon."

On Wednesday, the House of Representatives held its fourth session, chaired by Muhammad al-Halbousi, Speaker of the Council, and attended by 240 deputies, and voted to renew the confidence of President al-Halbousi, while Mohsen al-Mandalawi was elected as first deputy speaker.

In a statement, the coordination framework stressed the importance of completing the rest of the constitutional entitlements and perpetuating the dialogues between the coalition of state administration and the rest of the blocs wishing to form a new government with full powers capable of advancing the service and security reality. LINK

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Samson:  Integrity carries out seizures of fraud and bribery cases in government banks

02/10/2022 08:50:52

 The Commission's Investigation Department confirmed today, Sunday, that its staff working in Baghdad and Diyala carried out four seizures of cases of fraud, bribery and violations in the branches of a number of banks in the two governorates.

The department, while talking about the seizures that were carried out based on judicial notes, indicated that "the Baghdad Investigation Directorate's work team was able to apprehend two suspects in flagrante delicto of receiving sums of money "bribery" from a number of contracts of agricultural auditors in exchange for agricultural bank auditors. For the purpose of obtaining loans from the bank, indicating that the origin of those contracts has been seized. 

She added, "The Diyala Investigation Office team carried out three seizures in the Agricultural and Al-Rasheed Banks in the governorate, pointing out that the team carried out two separate operations in the Agricultural Cooperative Bank in the province.

A loan in the amount of (70,000,000) million dinars to one of the borrowers, in return for paying a sum of money “bribe” to employees working in the bank, noting that some of the bank’s employees passed a loan transaction in the name of a citizen and disbursed the amount, without his knowledge or consent.” 

The department explained that "the team monitored fraud in Al-Rasheed Bank - Ashnona Branch, represented by the bank granting a clearance to one of the borrowers for repaying the value of the loan received by him, despite the presence of unpaid amounts of the loan in his possession."  LINK

Samson:  Industry announces the size of sulfur reserves in Iraq

2nd October, 2022

Today, Sunday, the Geological Survey of the Ministry of Industry and Minerals clarified the details of its work regarding granting an industrial establishment license and referring mineral revolution projects, announcing the size of sulfur reserves

The Director of the Mineral Investment Department in the Authority, Ahmed Tariq Shehab, told the Iraqi News Agency (INA), that "the authority oversees the regulation of investment work in mineral wealth through its association with two parties, namely, the Directorate of Industrial Development in the Ministry in accordance with Law 20 of 1998 and granting it licenses to establish industrial projects, the other side is the National Investment Commission and its branches in the governorates

He added, "Most of the clays and ores are invested by a decision of the Ministry of Industry," explaining that "since the end of 2012, the Mineral Extraction Department was affiliated with the Geological Survey and our commission became centrally funded by the Ministry of Finance, and the department was separated, with its affiliated sites, including the silica sand site. Al-Atyan and Husayniyat iron, and became affiliated with the Extraction Department of the General Company for Mining Industries

He pointed out, that "when an investor arrives, the authority is required to specify the raw material, its depth, quantities, extension, and the mining conditions for the material to be invested. He continued, "Our commission is supervising this issue, in addition to implementing the amended Mineral Investment Law No. 91 of 1988, which is currently in force, and then to put investors in front of their capabilities to invest accordingly

He stressed that "the authority alone cannot implement the investment itself, because we will need owners, excavators and financial funding, which the government has not monitored, to activate investment in mineral wealth. He pointed out, "The sulfur reserve of 320 million tons contains sulfur rocks and needs special treatments, so raw sulfur accompanies the rocks  LINK

"Vietnam News" Posted by Samson at KTFA 10-1-2022

KTFA: Vietnam News

Samson:  Việt Nam retains positive economic outlook in short-term: World Bank

28th September, 2022

World Bank experts has forecast Việt Nam's economy to grow by 7.2 per Saturday Evening Iraq Economic News Highlights 10-1-22in 2022, the highest growth rate among East Asian and Pacific economies. 

According to the East Asia and the Pacific (EAP) Economic Update October 2022 released on September 27, WB experts said the growth will be supported by a strong recovery in domestic demand and continued solid performance by export-oriented manufacturing. However, it would revert to normal rates over the medium-term, with 6.7 per cent for 2023 and 6.5 per cent for 2024.

Việt Nam's inflation rose to 3.1 per cent in July on grounds of higher transport costs, which increased by 15.2 per cent. It is projected to accelerate to 3.8 per cent in 2022 and 4.0 per cent in 2023 due to second-round effects of community price impacts.

Its public debt is estimated at 39.9 per cent of GDP in 2022 and 40.5 per cent for 2023, sustainable and well below the threshold of 60 per cent of GDP set by the National Assembly.

Its poverty is expected to decline from 3.7 per cent in 2021 to 3.3 per cent in 2022. The same goes for lower middle-income poverty, which would fall from 3.7 per cent to 3.4 per cent, before ending up at 3.1 per cent in 2023.

Its public expenditures are likely to speed up in the second half of the year, resulting in a fiscal deficit of 2.8 per cent of GDP in 2022. The deficit is projected to rise to 3.2 per cent next year as the implementation of the 2022-23 support programme picks up.

In the short term, given Việt Nam's ongoing economic recovery and well-controlled inflation, the current accommodative monetary policy remains appropriate whereas a more supportive fiscal policy would hedge against downside risks, including heightened financial risks.  However, if inflation overshoots 4.0 per cent and core inflation hikes up, Vietnamese authorities should consider recalibrating monetary and fiscal policies.

Notably, higher financial sector risks would require intensified prudential supervision, reporting and provisioning on NPLs, and improved corporate insolvency and banking sector resolution frameworks.

In the regional scale, three factors could be a hindrance to regional growth beyond the end of 2022, which are global deceleration, rising debt and policy distortions. The growth is projected to slow to 3.2 per cent this year and accelerate to 4.6 per cent in 2023.

The consumer price index has been on the rise in recent months but remained around target ranges in several major economies. Meanwhile, inflationary pressure is building rapidly in other countries, reflecting mounting energy and food prices, as well as idiosyncratic factors.

In most EAP countries, the rise in public debt during the pandemic was driven primarily by an increase in domestic debt. At the same time, private sector debt remains high, especially household debt in China, Malaysia and Thailand.

Poverty in the region is expected to fall thanks to continued recovery from the pandemic. The pace of poverty reduction returned to pre-pandemic levels in 2022 and the number of poor is projected to reach historic lows. LINK

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Samson:  Việt Nam's GDP up 13.67% in Q3 as manufacturing rebounds

30th September, 2022

Việt Nam's gross domestic product (GDP) expanded 13.67 per cent in the third quarter of this year, helped by a rebound in manufacturing and a lower base than a year ago, the General Statistics Office (GSO) said Thursday.

Business activities in the third quarter saw strong growth, especially compared with the same period last year when several parts of the country were under strict lockdown due to the pandemic, said GSO Director General Nguyễn Thị Hương.  In Q3 this year, the agriculture-forestry-fishery sector increased by 3.24 per cent, the industry and construction sector was up 12.91 per cent, while the service sector rose by 18.86 per cent, Hương said.

Regarding GDP use, final consumption expenditure increased by 10.08 per cent over the same period last year; accumulated assets rose by 8.7 per cent; exports of goods and services surged 9.32 per cent, and imports of goods and services were up 2.72 per cent.

With upbeat signs reported in almost all aspects between January and September, the GDP was estimated to rise 8.83 per cent for the period, the highest nine-month growth recorded in 2011-2022, said GSO Director General Nguyễn Thị Hương.

In nine months, the GSO also pointed out that the agro-forestry-fishery sector grew by 2.99 per cent. The industry and construction, meanwhile, increased by 9.44 per cent, and service rose by 10.57 per cent. As for GDP use, final consumption expenditure climbed 7.26 per cent over the same period last year; accumulated assets rose by 5.59 per cent; exports of goods and services up 8.94 per cent and imports of goods and services up 4.74 per cent.

Hương said in the period, ministries, sectors, and localities have drastically implemented the Government's resolutions serving the nation's programme for recovery and socio-economic growth.

As a result, the macro-economy was stabilised, inflation was put under control, major balances ensured, monetary and fiscal policies conducted flexibly and effectively, the business investment environment improved, and social security was guaranteed, she said.

CPI up 3.32 per cent in Q3. The Consumer Price Index (CPI) in the third quarter of 2022 posted a year-on-year rise of 3.32 per cent.

The office said CPI in September increased by 0.4 per cent month-on-month, up 4.01 per cent against December 2021 and up 3.94 per cent compared to the same period last year. GSO General Director Nguyễn Thị Hương attributed the increase in CPI in September to the price of essential consumer goods and services increasing in line with the price of input materials and transportation costs, the continuous hikes in domestic petrol prices in tandem with world fuel prices, as well as rising tuition fees.

On average, in the first nine months, CPI increased by 2.73 per cent over the same period last year; core inflation rose by 1.88 per cent.

The COVID-19 pandemic has been controlled, meaning demand for eating out has increased. The average prices of restaurant services in nine months increased by 4.38 per cent over the same period last year, causing the overall CPI to increase by 0.38 percentage points. Although domestic gas prices fluctuated according to world gas prices, gas prices in nine months rose by 18.75 per cent over the same period last year.

The price of food items in the first nine months of 2022 increased by 0.5 per cent over the same period last year, causing CPI to increase by 0.11 percentage points. In addition, the increase in domestic rice prices in line with the export prices of rice made the prices of rice in the first nine months increase by 1.14 per cent year-on-year, increasing the overall CPI by 0.03 percentage points. However, it wasn't all bad, and CPI across many sectors decreased in the third quarter of 2022, including education service fees which dropped by 1.88 per cent. A number of provinces and centrally-run cities exempt and reduced tuition fees from the first semester of the 2021-2022 school year due to the impact of the COVID-19 pandemic, causing CPI to decrease by 0.1 percentage points.

The domestic gold price fluctuated in the same direction as the world gold prices. As of September 25, 2022, the average world gold price stood at $1,702.79 per ounce, down 4.74 per cent compared to August 2022, when the US tightened monetary policy. Domestically, gold price in September 2022 decreased by 1.71 per cent compared to the previous month, up by 1.34 per cent compared to December 2021, up by 4.06 per cent over the same period last year.  LINK

Samson:  US businesses interested in cooperating with Việt Nam in energy transition, digital transformation

24th September, 2022

Permanent Deputy Prime Minister Phạm Bình Minh on September 22 met representatives from the US Chamber of Commerce, the Business Council for International Understanding (BCIU), the US-ASEAN Business Council (USABC) and US firms operating in many different areas in New York.

Highlighting the sound economic, trade and investment partnership between the two countries, Minh noted that two-way trade reached nearly US$87 billion in the first eight months of this year, up about 20 per cent year on year.

The US had been the largest export market of Việt Nam, while the latter was also the biggest trade partner of the US among the ASEAN countries, he stressed.

The official affirmed that the Vietnamese Government would continue to create optimal conditions for foreign businesses, including those from the US, to expand their business and invest in Việt Nam in the areas of high technology, digital transformation, green transition, innovation, finance and banking, smart agriculture, renewable energy, infrastructure development and R&D, thus contributing to the country’s efforts in completing commitments announced at the 26th UN Climate Change Conference to achieve net-zero carbon emissions by 2050.

Minh highly valued ideas from US associations and businesses, expressing his hope that they would continue contributing to the promotion of the harmonious and sustainable economic, trade and investment partnership between the two countries.

US representatives hailed efforts by the Vietnamese Government in COVID-19 control and economic recovery as well as maintaining the macro-economic stability, creating confidence for foreign investors to expand their operation in Việt Nam.

US businesses said they were impressed by Vietnamese economic growth amid the complicated pandemic developments, commenting that Việt Nam is a dynamic and potential market as well as one of the attractive Southeast Asian destinations for companies that wish to stabilise and re-establish supply chains.

They welcomed Việt Nam’s efforts in digital transformation, energy transition and climate change response, holding that the country’s development targets are suitable to the common development trend of the world.

 Many US firms showed their interest in connecting with Vietnamese partners to seek new cooperation opportunities in the fields of digital transformation, energy transition, as well as their willingness to support Việt Nam in achieving emission reduction and sustainable development goals. LINK

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Samson:  European enterprises optimistic about Viet Nam’s economy: EuroCham

28th September, 2022

European firms have shown their optimism about the Vietnamese economy, which is recovering strongly after the COVID-19 pandemic, Vice Chairman of the European Chamber of Commerce in Việt Nam (EuroCham) Nguyễn Hải Minh has said.

According to Minh, despite the global supply disruptions induced by the pandemic, Việt Nam still exported more than US$35.1 billion worth of goods to the EU in 2020 and over $40 billion last year. Meanwhile, the Southeast Asian nation imported $14.6 billion and $16.7 billion worth of commodities from the bloc in the two years, respectively.

In the first eight months of this year, Việt Nam’s exports to the EU were valued at $31.9 billion, up 23.6 per cent, resulting in a trade surplus of up to $21.6 billion, a rise of 46.4 per cent.

The figures reflected positive impacts of the EU-Việt Nam Free Trade Agreement (EVFTA), he noted. However, Minh said, European enterprises in Việt Nam said they benefited more from the EVFTA as the country’s export to the EU mainly came from FDI firms.

EuroCham member businesses and even those that have yet to invest in Việt Nam expressed their hope that the EU-Việt Nam Investment Protection Agreement (EVIPA) would soon be approved and take effect, paving the way for European firms to expand investment in the Southeast Asian nation.   Minh also cited the Business Climate Index (BCI) released by EuroCham showing that European business stakeholders' confidence in Việt Nam's investment environment declined slightly in the second quarter of this year to 68.8 per cent due to external factors.

Up to 60 per cent of respondents predicted that the Vietnamese economy would stabilise or improve in the third quarter of 2022, 45 per cent were significantly or moderately satisfied with Việt Nam's efforts to attract and retain foreign direct investment (FDI), and 76 per cent expected to increase FDI in the country before the end of the third quarter. 55 per cent of respondents said Việt Nam improved its FDI attraction and retention capabilities since the first quarter.

Regarding the link between green growth and FDI, nearly 90 per cent of respondents said that Việt Nam should increase green economy development to attract more foreign investment.

Minh said apart from the above advantages, Việt Nam’s improved administrative procedures also helped to attract foreign investors, including those from the EU. He also noted that many EU enterprises were still concerned about specialised inspections in Việt Nam, which remain overlapping.  LINK

KTFA Members "Friday News" 9-30-2022

KTFA:

Clare:  After reaching international forums, the Iraqi company TNFX obtains a global license

30th September, 2022

The Iraqi company "TNFX" obtained a global permit from the Seychelles Securities Commission

TNFX was able to reach international forums during the past years of its work inside and outside Iraq, culminating in obtaining this license

The license allows it to deal financially in Iraq and abroad, and it is one of the reliable international financial dealing companies    LINK

COPIED FROM TNFK WEBSITE:

TNFX is an ECN forex broker serving both individual and corporate clients. We offer our clients a comprehensive range of trading tools, technical support, and advisory services with the aim of making the trading process efficient, hassle-free, risk-free, and above all profitable for the client from new account registration to funds withdrawal.

Our top priority is customer service. ............... TNFX as a leader in the forex industry has won many international awards, the most important of which are: - Best ECN broker in the Middle East for the year 2020 at the international forex fair held in Dubai. ............

Company Headquarters - Headquarters – For Iraq / Baghdad – Al-Mansour – opposite Al-Mansour Mall – Armada Tower Building – 7th floor. - Branches – United Arab Emirates / Dubai, Business Bay, Bay Gate Tower, Office 22A – Iraq / Basra – Al-Tuwaisa – Olympic Committee Street – Al-Shams Building – 4th floor. – Iraq / Karbala – Jamiat Street – next to the Iraqi Trade Bank – Damerji Mall – 2nd floor. – Iraq / Sulaymaniyah (soon). – Iraq / Erbil (soon).

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Samson:  Parliamentary Integrity calls on the Minister of Finance to investigate the results of the “loss” of more than one trillion dinars

28th September, 2022

The Parliamentary Integrity Committee demanded, on Wednesday, the Minister of Finance, the results of the investigation regarding the "lost" of more than one trillion dinars.

In a letter addressed by a member of the Integrity Committee Ahmed Taha Al-Rubaie to the Minister of Finance stated, “Based on Article 61-Second of the Constitution and Article 15 of the First, Second, Third and Fourth of Parliament Law No. 13 of 2018 and for monitoring purposes, please provide us with the results of the investigative committees related to the file of lost revenue.

(Treasury accounts belonging to the general tax in the Rafidain Bank), which is estimated at more than one trillion Iraqi dinars since 2019 until now, with all the priorities for counting the amounts, parties and people who have illegally acquired the money, please receive a letter within 15 days of our response This is in accordance with Article (15 - first) of the Parliament and its formations law. LINK

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Samson:  The embezzlement and waste of two billion dinars from the offices of religious endowments in two governorates 

29th September, 2022

The Federal Integrity Commission revealed today, Thursday, the arrest of accused of embezzlement and waste of public money in two endowment offices in Diyala and Muthanna governorates, indicating that the value of embezzlement and waste exceeded (2,000,000,000) two billion dinars.

The investigation department of the authority said, in a statement received by Shafak News Agency, that the Diyala investigation office team was able, after follow-up and investigation, to uncover the misappropriation of public money in the amount of (1,820,000,000) billion dinars by the head of one of the former bureaus, and the director of the authority for managing and investing endowment funds in Diyala.

The department added that the field team, who moved to the endowment office in the governorate, arrested the director of the management and investment authority of the endowment funds and (2) employees who admitted receiving the said amount, handing over (1,600,000,000) one billion dinars from it to the former chief of the office, and organizing fake transactions; To cover up the issue, pointing to the seizure of (3) “fake” advances that were organized on paper only and the embezzlement of their sums that were supposed to be distributed among the displaced in the governorate.

On the other hand, the department reported that the field team in the Muthanna Investigation Office monitored the waste of nearly (200,000,000) million dinars of public money in the process of granting an investment opportunity for a commercial complex in Musataha from the owner of the land (one of the endowment offices) to a company, noting the extension of the project implementation period for two years. without rent; Although the commercial operation of the project took place without the need for an extension.

And it indicated that the judge of the investigation court in Baquba, which is specialized in integrity issues in Diyala, decided to arrest the accused arrested in the first operation in accordance with the provisions of Article (340) of the Penal Code.  LINK

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Samson:  15 years imprisonment for a high-ranking anti-terrorist officer for embezzling 13 billion dinars

29th September, 2022

The Federal Integrity Commission revealed, on Thursday, the issuance of three verdicts in the presence of imprisoning an officer with the rank of brigadier general in one of the security services; On the background of embezzlement of more than (13) billion dinars.

And while talking about the details of the case in which it investigated and referred it to the judiciary, the commission's investigation department reported that the Karkh Criminal Court - the third commission, issued three verdicts in the presence of an officer at the rank of brigadier general in the Counter-Terrorism Service, each serving a prison sentence of five years and a month for each case, based on the Provisions of Article (316) of the Iraqi Penal Code.

The department continued, explaining that the convict had embezzled the risk allocations for members of the Anti-Terrorism Service for the year 2015 amounting to (3,833,000,000) dinars, and (5,805,000,000) dinars for the year 2016, while the allocations embezzled for the year 2017 were (3,579,350,000) dinars.

And she continued, explaining that the court, after reviewing the evidence obtained and the evidence in the case, and the investigative papers, concluded that the accused was negligent, and decided to convict him in accordance with the provisions of the judgmental article, imprisoning him for five years and one month for each case, and implementing the penalties in succession, bringing the total to (3) years (15). Months.

Last May, the commission had announced the issuance of a judgment in absentia against an "administrative officer" in the anti-terror agency, serving a 15-year prison sentence. As a result of manipulation and embezzlement of the security risk allocations for the (Counter-Terrorism School) of the Counter-Terrorism Service.  LINK

Samson:  Putin signs agreements on accession of four Ukrainian regions to the Russian Federation

30th September, 2022

Russian President Vladimir Putin signed today, Friday, documents to annex four Ukrainian regions to the Russian Federation, while calling on Kyiv to "stop all its military operations."

The four regions are Lugansk, Donetsk, Kherson and Zaporozhye. At a ceremony in St. George's Hall in the Kremlin, Putin and separatist leaders put their names on treaties to join Russia.

This action represents a sharp escalation in the seven-month-old conflict in Ukraine. The signing came three days after the completion of "referendums" organized by the Kremlin on joining Russia, which Kyiv and the West rejected. "We call on the Kyiv regime to immediately stop fighting, stop all hostilities and return to the negotiating table," Putin said, in a televised speech from the Kremlin during a ceremony to officially announce the annexation of four Ukrainian regions occupied by Moscow.

He warned the West that the residents of the four Ukrainian regions occupied by Moscow are "our citizens forever," adding, "I want to say this to the Kyiv regime and its masters in the West: the residents of Lugansk, Donetsk, Kherson and Zaporizhia will become our citizens forever." He stated that the residents of these areas made an "unambiguous choice" to join Russia, denying his efforts to revive the Soviet Union. Referendums held by Moscow in those regions met with international condemnation.

On Thursday, United Nations Secretary-General Antonio Guterres announced to reporters that Russia's annexation of Ukrainian regions "has no place in the modern world," and said that "any decision to implement the process of annexing the Ukrainian regions of Donetsk, Lugansk, Kherson and Zaporizhia will have no legal value." It deserves condemnation (...) It is a dangerous escalation. This matter has no place in the contemporary world."

In his speech to hundreds of senior Russian politicians, the Russian President said, on Friday, that his country "will defend its new lands with all the means available to it," statements that may indicate an escalation. The Russian president accused Western countries of seeking to turn Russia into a "colony," noting that "it stems from selfishness in order to preserve its unlimited power (ie, Western countries). These are the real reasons for this hybrid war that the West is waging against us.. They want to make us a colony." 

Putin had signed a decree published on Thursday night - Friday, recognizing the "independence" of Kherson and Zaporizhia provinces, which are under the control of the Russian army in Ukraine. Both houses of the Kremlin-dominated parliament, which often approves the government's position, will meet next week to ratify treaties on accession to Russia and send them to Putin for his approval.LINK

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Samson:  The Russian Central extends the restrictions on withdrawing funds outside the country until April 2023

29th September, 2022

The Central Bank of Russia announced the extension of restrictions on the withdrawal of funds outside the country for individuals and foreign legal entities of countries unfriendly to Russia through intermediaries until March 31, 2023.

The bank indicated that the ban will continue until the specified date on non-resident individuals from unfriendly countries who do not work in Russia as well as the legal entities of these countries.

As for Russian citizens of friendly countries, they will be able to transfer up to 1 million dollars to any accounts in foreign banks within a month, and up to 10 thousand dollars or its equivalent in other currencies through money transfer systems.  Non-residents working in Russia are also entitled to transfer money abroad in the amount of wages.
 
This feature will be available to representatives of countries friendly and not friendly to Russia. LINK

MilitiaMan and Samson"News and Views" Thursday Afternoon 9-29-2022

KTFA:

Samson:  It was revealed that there are 300,000 employees receiving more than one salary

28th September, 2022

Wednesday, the Parliamentary Finance Committee revealed that 300,000 employees received more than one salary, while the introduction of a currency of 20 thousand dinars was considered a positive step

Member of the committee, Representative Jamal Cougar, said in a television interview that "salaries will not stop because there is no budget," noting that "salaries amount to 70 trillion dinars, and this is in violation of international standards

Cougar added, "We need 10 billion dollars a month to secure expenses," noting that "300,000 employees receive more than one salary. He explained, "Some employees receive 5 salaries

Regarding the central bank’s intention to offer a currency of 20 thousand dinars, Cougar said, it is a “positive step   LINK

MilitiaMan:  At present there is no positive step to the issuance of a 20k note. In what world would that make any sense at all at present? Unless, the 20,000 note value is not from a 20k note but from a 20 denomination note with an international acceptable exchange rate attached to it..? A positive step is to cease the graft (fake employees) from the corrupt. imo ~ MM

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Samson:  Ports announce the completion of their electronic procedures for exempted goods

29th September, 2022

On Thursday, the Border Ports Authority announced the completion of its electronic procedures for exempted goods.

The authority said in a statement, that "under the direct guidance and supervision of the head of the Border Ports Authority, Major General Omar Al-Waeli, the technical cadres completed the completion of the last link of the electronic link of the exempted goods program at the customs center of the ports: (Shalamjah port, Safwan port, Umm Qasr North port, The middle port of Umm Qasr, the southern port of Umm Qasr, the port of Abu Flous port).

She added, "This came in cooperation with the General Authority of Customs / Southern Region and the General Directorate of Industrial Development," noting that "this is a qualitative transition from routine paper work to electronic work to facilitate data access and eliminate fraud and manipulation of quantities and descriptions of exempt goods."

And he continued, "The Border Ports Authority had earlier activated the electronic system for exempted goods in other customs centers as a step of electronic support and attribution for the departments operating at the border crossings, and in implementation of the directives and recommendations of the General Secretariat of the Council of Ministers and the Diwani Order Committee 22 of 2020 regarding activating electronic work at the ports." borders to achieve complete electronic governance.  LINK

MilitiaMan:  The completion of the last link means to me they are fully ready for what is expected. They go international the coffers will fill quickly, aside from the oil revenues!!!..imo No coincidences with respect to timing.. imo ~ MM 

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Samson:  Economist: Going to print a currency of 20 thousand dinars will cost Iraq a lot of money

29th September, 2022

The economic affairs specialist, Muhammad Al-Saadi, considered, on Thursday, the Central Bank's intention to introduce a new currency in the category of twenty thousand dinars, as a futile economic step, and it will cost the country a lot of money.

Al-Saadi told Al-Maalouma, "Proceeding with the printing of a currency of 20 thousand dinars will cost the state great money, as printing money by the Central Bank is an economically complex technical process."

He added, "Every printed monetary unit must have a balance of foreign exchange reserves, a balance of gold, or real goods and services that were produced in society."

Al-Saadi indicated that "the money circulating in the market has a real value and is not just printed papers," noting that most developing countries usually bypass these rules, and money is printed at rates that exceed the permissible, which leads to high inflation rates.  

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MilitiaMan:  There has already been allocations of large sums of money to print new currency issuance and it has been recorded and expensed by the CBI in 2018 era.

At this juncture in time, there is no reason to print something that has no real effective utility, imo.. They already have 100k and 50 k notes for internal use for large transactions.

WE have been told over and over that the CBI has upwards of 90 -145 billion in $ reserves and over 130 tonnes of gold. The border income may match or exceed Iraq's oil revenues. Add in the Natural Gas deals? You get the picture.

The new notes expected will be supported by all that aforementioned and the private sector once the re construction process begins.

 Lets see what the GOI does, as we know what the CBI is about to do, or they wouldn't be talking about deleting the three zeros from the exchange rate now would they? imo.. ~ MM

Samson:  The resignation of the Sadrist bloc returns to the fore.. Parliament requests discussion from all sides

29th September, 2022

The Legal Adviser in the House of Representatives, Muhammad Al-Ghazi, called on Thursday to present the resignation of the Sadrist bloc’s deputies to members of Parliament to discuss it from all technical and legal aspects, because of its impact on the real representation of the House of Representatives.

The following is the text of documents received by "Mawazine News", explaining Al-Ghazi's request to present the resignation of the Sadrist bloc to members of the House of Representatives for discussion.

LINK

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Al-Mandalawi and Al-Maliki discuss the political, security and economic conditions

29th September, 2022

The First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, discussed today, Thursday, with the leader of the State of Law coalition, Nuri al-Maliki, the political, security and economic conditions.

 Al-Maliki's office said in a statement received by Alsumaria News, that the latter "received in his office today, the First Deputy Speaker of Parliament, Mohsen Ali Akbar Al-Mandalawi, as they discussed the political, security and economic developments in the country." 

Al-Maliki stressed, "the need for the legislative authority to restore its oversight role and work to legislate laws that affect citizens' service and living lives, and other laws that enhance the work and integration of state institutions." LINK

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MilitiaMan:  My view on these two articles are telling. One where the new FDS (First Deputy Speaker) of the HOR (House of Representatives) has apparently his first meeting, and it is with Maliki..

Then we we see just after the one where Al-Sadr resignation is again in the forefront.

Lets not forget the 2019 uprising in October anniversary is just about upon us again. Sadr has indicated there could be massive demonstrations. Also he suggested post the Al-Hanana meeting that if the politicians take the same past roadmap, he will come for them..

I suspect, the street will be watching closely to Al-Sadr after all the missiles that have been flying around and killing people.. Al-Mandalawi imo may want to be careful, very careful going forward in his new position for the people.. imo ~ MM

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