KTFA:

Samson: A significant increase in Iraq's oil exports to America

13th November, 2022

Today, Sunday, the US Energy Information Administration announced a significant increase in Iraq's oil exports to America, reaching more than 500,000 barrels per day during the past week

The administration said in a report seen by "Al-Iqtisad News", that "the average US imports of crude oil during the past week from nine countries amounted to 5.503 million barrels per day, up by 38 thousand barrels per day from the previous week, which amounted to 5.465 million barrels per day

She added, "Iraq's oil exports to America amounted to an average of 503 thousand barrels per day last week, up from the previous week in which oil exports to America amounted to an average of 134 thousand barrels per day

KTFA:

The governor of the Central Bank denies talking about fixing the exchange rate for years

Economie 2022-11-10

Central Bank Governor Mustafa Ghaleb Mikheib denied the talk about fixing the exchange rate for years.

An informed source said in an interview withAlsumaria news, that "the governor of the central bank denies his talk about the current dollar price, which will be established for other years to come."

He was the prime ministerMuhammed Shiaa Al-Sudani He confirmed, a few days ago, that the decision to raise the dollar exchange rate was not accompanied by measures to protect the vulnerable classes. LINK

MilitiaMan: Kinda like, "Hey it wasn't me that talked about that.. They did.. lol" "Doesn't make it not true, but, it wasn't me.". lol.. "By the way it (the xr)(Exchange rate?) will be established for years to come.. Just so you know.." lol imo.. ~ MM

KTFA:

MilitiaMan: The agreements they have apparently nothing new. (See article below) The part about the delegation from the Democratic Part to Bahgdad to see the the mechanism for implementing the government program and full filling promises has my attention.

The citizens have been promised purchasing power. Not to mention infrastructure build out, etc.. Well that take a mechanism to do so.

The Kurds are interested in the investment side of the 2022 budget, as is the Oil and Gas Law. I am not sure of what day they are to arrive, however, there is little time left to the estimated time frame they told us about getting the 2022 budget data for the purpose of the 2023 Budget Draft to Parliament and Council of Ministers..

They told us within two weeks from 11/05/2022.. Not on, but, on or before.. imo ~ MM

KTFA:

Samson: Economist : Reducing the dollar exchange rate is not / impossible / and the current time is suitable for monetary change

9th November, 2022

The economic expert, Raad Twij, confirmed that decreasing the dollar exchange rate is not impossible as he is promoting it, indicating that the current and next two years are the most appropriate time to bring about this monetary change.

Twig said in a statement to the National Iraqi News Agency : The exchange rate still takes a large part of the attention of political and popular circles, knowing that the increase in the exchange rate was not the source of the monetary authority, but rather it was by the Minister of Finance, so the independence of the Central Bank at that time was questionable.

KTFA:

Samson: Parliamentary Finance resolves the controversy of changing the dollar exchange rate

9th November, 2022

The Parliamentary Finance Committee decided, on Wednesday, the issue of changing the exchange rate of the dollar against the Iraqi dinar.

Committee member Jamal Cougar said in an interview with "Mawazine News", that "the House of Representatives, the Finance Committee and the government are not concerned with the issue of changing the dollar exchange rate, and that it is exclusively the prerogative of the Central Bank, and this matter was confirmed by the Prime Minister."

He added, "It is not the right of any deputy to intervene and make statements in this regard, and if they want to respect the terms of reference." LINK

ATPinfinity: it is exclusively the prerogative of the Central Bank MAYBE THIS IS CODE everyone IN THE WORLD OF DINAR IS WATCHING THE CBI NOW!imo…..(same day)The Central Bank: Our reserves have reached $90 billion and there is no change in the exchange rate in the 2023 budgetI thought the 2023budget was not complete, allegedly……How many more buy opportunities will the procrastinators get?

KTFA:

Samson: The Central Bank: Our reserves have reached $90 billion and there is no change in the exchange rate in the 2023 budget

9th November, 2022

Global oil prices have boosted the dollar’s ​​cash reserve in Iraq, especially after the “black gold” price rose and reached the $100 per barrel barrier, while specialists stress the need to exploit this financial abundance in establishing strategic projects capable of supporting the country’s financial budgets and reducing the size of the "almost total" dependence on oil imports, as well as directing part of those towards supporting industrial and agricultural private sector projects

KTFA:

Samson: Lavrov: At least 12 countries have expressed interest in joining BRICS

08/11/2022 15:50:58

Russian Foreign Minister Sergei Lavrov announced that at least 12 countries have expressed interest in joining the "BRICS" group.

This came during the minister’s meeting with Indian Foreign Minister Subrahmanam Jaishankar, today, Tuesday, where Lavrov continued, that the organization intends to agree soon on the criteria and principles for its possible expansion, noting that “before talking about how and when exactly the BRICS expansion will start, we agreed as part of the five on agreeing on criteria and principles for considering such requests,”

Lavrov expressed his expectation that it would not take long to agree on criteria and principles for the organization’s expansion.

KTFA:

Samson: In the document.. the Central Bank decides to stop dealing in dollars with private banks

07/11/2022 13:06:55

The Central Bank of Iraq informed the unauthorized financial institutions and authorized banks to stop dealing in dollars with four private banks for auditing purposes, with it permissible to deal with them in other currencies. LINK

ATPInfinity: BOOM!!!!! THIS LOOKS LIKE A REALLY HUGE MOVE...WHY NOW?? OTHER CURRENCIES?

KTFA:

Samson: Finance Minister: We intend to implement the electronic data system in the Customs Authority

7th November, 2022

Minister of Finance Taif Sami confirmed, on Monday, that the ministry is determined to implement the electronic customs data system (ASYCUDA) in the General Authority of Customs.

The ministry stated in a statement that Mawazine News received a copy of it, that "Sami held an extensive meeting regarding the follow-up to the implementation of the phases of the automation project for the customs and tax sectors, in the presence of the Director-General of the Information Technology Department in the ministry, in addition to the assistant directors-general of the customs and tax authorities."