KTFA Members "News and Views" Saturday 5-13-2023

KTFA:

Henig:  A scary revolutionary to Nina: The budget can be approved in two days. If this condition is met

Baghdad / Nina / MP for the State of Law Coalition Thaer Makhif said: "The budget can be approved within two days if a single condition is met."

Makhif said in a statement to the Iraqi National News Agency (NINA) that: "If discussions between the political blocs on the budget take place naturally and professionally away from the bloc's demands, and to stop those demands, the budget can be approved in just two days, but those demands and disputes are what delayed the adoption of the budget so far."

He explained that: "So far, there are disputes, demands, financial and non-financial problems (political) and means of pressure from one party against another related to the budget of the political blocs."

He pointed out: "The parliament, in all cases, is determined to approve the budget before going to the legislative recess," stressing: "The speed of approving the budget depends on the political consensus between the blocs."    LINK

DeepWoodz:  Imo  They have no choice but to approve before recess. Recess being the break between the two legislative sessions during the year. 

Constitution Article 57:  The Council of Representatives shall have one annual term, with two legislative sessions, lasting eight months.The session in which the general budget is being presented shall not end until approval of the budget.

Henig:  Parliamentary Finance reveals to "Baghdad Today" the possibility of passing the budget on May 17

Baghdad Today - Baghdad

Today, Saturday, the Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, confirmed that the seventeenth of May is the deadline for voting on the 2023 budget, in accordance with the agreement between the political blocs.

Al-Atwani told "Baghdad Today", "The decision of the State Administration Alliance related to setting the seventeenth of this month as a date for passing the budget gave momentum and strength to the work of the Finance Committee," noting that "the committee intensified its work and divided into two committees, the Committee of Items and the Committee of Tables."

He pointed out that "the committee will have other hosts for ministers and officials soon," stressing that "the date of the 17th of this month we agreed in principle that it is a date for voting on the budget and we are serious about submitting it as soon as possible."

Al-Atwani added that "observations are being collected to resolve the final budget amount and the mechanism for its distribution in order to complete the transfers between the items," noting that "the amount so far remains as it is, amounting to 198 trillion as received from the government."

The State Administration Alliance had announced the agreement to set the seventeenth of this month as a preliminary date for voting on the budget, amid millions of Iraqis looking forward to approving it.

It is expected that no major changes will be made to the budget, especially since any changes will require more time, as the budget is large and branched, which is the largest in the history of Iraqi budgets.   LINK

DeepWoodz:  ImoThis article is a little mis-leading. I think ALL Iraqi’s are waiting for PURCHASING POWER.  

Henig:  Well, given that we've been taught that the rate comes before the budget, and the rate brings with it purchasing power, IMO I disagree with you in a minor way--I think they are waiting for the budget because they'll get that purchasing power right close to that time.  But I also think that's a minor enough distinction that we really don't have a disagreement. 

 DeepWoodz:  Imo  No disagreement at all. Ive always believed what Frank taught here but one step further….I actually think they are using a new rate in their trade agreements. We are just waiting with the citizens for them to show it. Imo

TSM:  Is this "the approved budget, the one they are now supposed to be using?...or is this the budget that MOST say needs the 3rd reading and a vote to approve?..imo  

Clare:  THE BUDGET HAS BEEN APPROVED.. THE 3RD VOTE IS A FORMALITY  THAT WILL MAKE IT LAW.  WHICH THEY ALSO REFER TO AS APPROVAL, BUT IT REALLY MEANS MADE INTO LAW- TO IMPLEMENT 

IF THEY WERE NOT GOING TO AGREE TO PASS IT INTO LAW, IT WOULD'VE BEEN SENT BACK TO THE COM.(council of ministers) .. WHICH IT NEVER WAS.

THE PARLIAMENT SESSION WAS SUPPOSED TO END ON THE 9TH OF MAY - THEY ALREADY EXTENDED THE SESSION TO HAVE THE 3RD VOTE ON THE BUDGET AS PER ARTICLES  IMO

************

Clare:  The Parliamentary Finance completes the discussion of the budget items and confirms its commitment to the legal frameworks

5/13/2023

The Parliamentary Finance Committee announced, today, Saturday, that it has completed discussing the provisions of the Federal Budget Law.

The committee stated, in a statement that {Euphrates News} received a copy of: “It is continuing, headed by Atwan Al-Atwani, its meetings through the sub-committees for reading the items and following up the schedules on Saturday 5/13/2023, in preparation for raising them to vote,” stressing “the need to follow up on the exchange authorities after approval The budget is in accordance with the legal frameworks, to come out with a result that meets the aspirations of the Iraqi people, as it directly affects the lives of citizens.\

And the special committee for studying the items - according to the statement - completed reading the legal texts contained in the budget and presenting visions and ideas in order to maximize the revenues of the state’s public treasury, in addition to discussing the allocations of the vehicle fees law for the maintenance of roads and bridges, distributing the amounts according to the spending authorities, and estimating the revenues, stressing on “

The committee also checked the listed tables to study the amounts allocated for service and commodity requirements and special programs, electricity and water fees, gas imports, as well as allocations for the school feeding program, and discussed them scientifically and expressed views to ensure that they reached their places, and hosted those concerned in this regard.

The committee affirmed "its keenness to adhere to the accuracy of making transfers between spending units, and transferring funds as needed, with knowledge of all exchange chapters contained within the schedules of the Federal General Budget Law, and stressing increasing allocations for poor governorates for the implementation of service projects."  LINK  

Clare:  THIS ARTICLE HERE TELLS USE EVERYTHING IS DONE FOR THE BUDGET TO BECOME LAW... THEY ONLY NEED THE FORMAL VOTE NOW. IMO

Clare:  Finance" hopes to reduce the deficit by 18 trillion dinars, so that the total budget becomes 180 trillion

 5/13/2023

The Finance Committee in the Iraqi Parliament indicated, on Saturday, new figures for the fiscal deficit and the value of the total budget, while confirming that the approval of the draft law will take place within the next few days.

A member of the committee, Mueen Al-Kadhimi, told Shafaq News agency, "The House of Representatives will vote on the general budget law in the coming days, after the Parliamentary Finance Committee finishes preparing its final report, after which the government will start implementing its government program in early June."

Al-Kazemi added, "We in the Parliamentary Finance Committee hope that there will be a possibility to reduce the budget deficit rate of 64 trillion dinars, by increasing revenues and reducing unnecessary expenditures, especially since the remaining period of this year is seven months, and it is certain that many things cannot be done." disbursed in a short period of time.

The member of the Finance Committee indicated that the committee worked to reduce the deficit to about 18 trillion dinars by reducing and compressing operating expenses, so that the total deficit in the budget would be 46 trillion, instead of 64, and thus the total amount of the general budget would be 180 trillion dinars.

The Iraqi Council of Representatives completed the first and second readings of the draft federal budget law for the Republic of Iraq, which was submitted by the government of Muhammad Shia al-Sudani for the fiscal years (2023, 2024, 2025).

On Tuesday, the ninth of May, the committee announced that the size of the operating budget in the 2023 budget, which has not yet been approved by the Iraqi parliament, amounts to approximately 133 trillion dinars. The State Administration Coalition formed by the government of Muhammad Shia’ al-Sudani set May 17 as the initial date for voting on the tripartite budget (2023-2024-2025).   LINK

**************

DeepWoodz:  Imo We having some fun now. Let’s talk about something Walkingstick and Frank brought up.    Currency swaps. 

A currency swap is an agreement in which two parties exchange the principal amount of a loan and the interest in one currency for the principal and interest in another currency. At the inception of the swap, the equivalent principal amounts are exchanged at the spot rate.

Forward rates are also worthy of study. 

This is one of the things that makes me think they are using new rate/rates already.

In my mind, this agreement has to be beneficial to both countries. That said, no one would want to swap currency with Iraq at 1310. So what then? Just for argument sake….They agree to meet Iraq in the middle. The middle being they swap at a rate that is higher than the value of the other countries currency, with the agreement that the dinar will go up in value at a later date. So they benefit twice, Iraq benefits twice as well when their currency goes up even higher…say 3+. Since these countries have already agreed ie. in the IMF to allow Iraq a high rate in the world.

I didn’t come up with this phrase but in this scenario….

”All ships rise with the tide.”

************

Henig:  International Monetary Fund: Iraq is third in the Arab world in terms of exports of goods and services last year

Baghdad / Nina / The International Monetary Fund announced that Iraq came in third place in the Arab world in exports of goods and services last year.

The Fund stated in a table: Iraq exported goods and services in 2022 worth $ 140.7 billion, which increased from the years 2020 and 2021, which amounted to $ 54 and $ 94 billion, respectively, while the rate of these exports between 1990 and 2000 was worth $ 64 billion.

The Fund expected that the value of exports in Iraq for goods and services for the year 2023 will decrease to reach $ 119.3 billion, and also decrease for the year 2024 to reach $ 118.5 billion.

He pointed out that Iraq came third among the Arab oil-producing countries with the highest value of exports of goods and services after the UAE and Saudi Arabia, in which the latter's exports for the year 2022 amounted to $ 519.3 billion and $ 441.3 billion, respectively, while Bahrain was the least oil-producing Arab country exporting goods and services with a value of $ 40.1 billion for the year 2022.   LINK

************

Henig:  SEIZURE OF FAKE TRANSACTIONS WORTH 17 BILLION DINARS IN DIYALA ELECTRICITY

Saturday, 13 May 2023 5:17 PM

Baghdad / National News Center

Today, Saturday, the Federal Integrity Commission announced the seizure of (1463) fake exchange transactions in the branch of the Electricity Distribution Department in Diyala, under which billions of dinars were disbursed.

"The Commission's Investigations Department, while talking about the seizure operation carried out based on a judicial warrant, reported that the Commission's investigation office in Diyala rushed to form a working group to investigate and investigate as soon as it received information about the allegations of spending an amount of more than (17) billion dinars, under hundreds of fake fraudulent transactions," the integrity said in a statement received by the National News Center.

She continued, "The team moved to the headquarters of the Diyala Electricity Distribution Branch, and was able to seize (1463,2021) fake exchange transactions that were processed in 17, pointing out that the amounts disbursed under these transactions exceed (000,000,000,<>) billion dinars."

Al-Nazaha explained that "the seized transactions are for fake purchases and projects, in addition to casting, drilling and maintenance work," noting that "those purchases, projects and works allegedly carried out show that all of them are fictitious, as they were "carried out on paper only," while noting that most of "those transactions whose amounts have been disbursed are free of administrative orders for implementation."

She noted that "a fundamental report of the process was organized, and presented with the seized exhibits, to the judge of the Investigation Court competent to consider integrity cases in Diyala, in order to complete the legal procedures and determine the negligence."   LINK

KTFA Members "News and Views" Tuesday 5-9-2023

KTFA:

Clare:  Al-Sudani surprises the ministries with 3 work shifts to complete the projects

5/08/2023

Today, Monday, the Prime Minister, Muhammad Shia'a Al-Sudani directed all ministries and entities not associated with a ministry to work in 3 shifts, in order to speed up work on projects.

A document obtained by Shafaq News agency addressed to all ministries and entities not associated with a ministry and signed by the Director of the Office of the Prime Minister, Ali Razouqi Al-Lami, stated that "Based on the approval of the Prime Minister and for the purpose of accelerating work on all projects to take what is necessary by instructing that work be done in three shifts to ensure speed Completion of projects and increase the employment of manpower. LINK

Wanda1home:  3 shifts, Wow Sudani is serious!  

SweetMissMagnolia:  ….about time. IMO

Zeeman:  3 shifts excellent. imagine if the goi worked half of that to finish the budget.

Clare:  The Iraqi Council of Representatives extends its legislative term until the budget law is approved

5/09/2023

The Iraqi Parliament decided on Tuesday to extend the current legislative term.

A brief statement by the Parliament's Media Department, received by Shafaq News Agency, stated; The extension is until the vote on the Federal Budget Law 2023.   LINK

************

Clare:  With the participation of Iraq.. 14 notes on the discussion table of the Arab financial markets

5/08/2023

 Baghdad

The Federation of Arab Capital Markets (AFCM) held its annual meeting on Monday, May 8, 2023 in Muscat, in the presence of the authorized managers of the Arab stock markets, clearing companies, and member brokerage firms.

 Among the participants was the Iraq Stock Exchange, represented by the Executive Director, and Al Rabie Brokerage Company, represented by its Director.

The attendees discussed 14 memorandums, including the federation's annual report 2022 and the transfer of the federation's presidency from the Bahrain Stock Exchange to the Muscat Stock Exchange for the year 2023.   LINK

************

Clare:  Discontent with "procrastination".. Iraqi employees renew their demonstrations to adjust the salary scale (photos)

5/09/2023

Dozens of employees from various Iraqi ministries demonstrated for the second time in less than a month, today, Tuesday, in Tahrir Square in central Baghdad, to demand an adjustment to the salary scale and an increase in their salaries.

One of the demonstrators, Muhammad Yunus, told Shafaq News agency, "We demonstrated today in Tahrir Square in order to implement our demands, which is to amend the salary scale to achieve justice among all employees," noting that "recently, the employees heard that the government has no intention of amending the salary scale and increasing our salaries." ".

He added, "We will continue with the demonstrations every time unless the government and parliament respond to our demands, which are among the most basic rights of the employee," stressing that "there is a huge discrepancy between what the employee receives from one ministry to another, despite having the same job degree."

Another employee, Adel Rashid, told Shafaq News agency, "This demonstration expresses the employees' discontent with the government's procrastination and procrastination of our demands, which is to achieve and approve a new salary scale that achieves justice for all employees."

Rashid called for "reducing the salaries of the three presidencies and special grades that burdened the general budget," adding that "reducing these salaries and adjusting the salary scale in a way that achieves justice for all will reduce the burden on the budget, most of which goes as salaries to state officials."  LINK

Clare:  The Kurdistan Region Finance announces that it has received 200 billion dinars from Baghdad

5/09/2023

The Ministry of Finance in the Kurdistan Regional Government announced, on Tuesday, that the federal government has deposited a sum of 200 billion dinars to finance the salaries of employees and workers in the public sector in the region.

The ministry said in a statement received by Shafaq News agency, "In implementation of the decision of the Federal Government Council of Ministers, 200 billion dinars have been transferred from Baghdad to the ministry's bank account."  LINK

************

Clare:  Al-Sudanese issues an "immediate" directive to the units charged with protecting the demonstrators

5/09/2023

Today, Tuesday, the Prime Minister, Muhammad Shia'a Al-Sudani, issued a directive not to carry and use live weapons by the units assigned to protect the demonstrators.

A government source told (Baghdad Today) that, "Prime Minister Muhammad Shia'a al-Sudani directed not to carry and use any kind of live weapon by the units charged with protecting the demonstrators."

"Al-Sudanese directed good cooperation with the demonstrators," he added.

Earlier in the day, our correspondent reported that the demonstrators began to flock to Tahrir Square in the center of the capital, Baghdad, to demand the approval of the salary scale.

The (Baghdad Today) correspondent said, "Hundreds of demonstrators began to flock to Tahrir Square in the center of the capital, Baghdad, to demand the approval of the salary scale."

This morning, a security source reported, with an extensive deployment of security forces in Tahrir Square and the approaches to Al-Jumhuriya Bridge in the center of the capital, Baghdad.

The source told (Baghdad Today) that, “in anticipation of any demonstration, the security intelligence of Karkh and Rusafa directed that the working hours be 100% for the days of Tuesday and Wednesday, while preventing the granting of leaving during them.” LINK

Turk182:  Here's a Novel Idea - How Bout Someone issues an "immediate" directive to the ones charged approving the budget and/or releasing the new National Currency to the Citizens of Iraq?  Willing to bet money that puts an end to any/all of these Demonstrations

KTFA Members "News and Views" Monday 5-8-2023

KTFA:

Henig:  In the presence of the Minister of Finance. Al-Mandalawi: The people will not excuse anyone if the budget is delayed

2023/05/07 23:52:45

{Political: Euphrates News} Mohsen Al-Mandalawi, First Deputy Speaker of the House of Representatives, chaired on Sunday, a meeting of the Parliamentary Finance Committee, during which it hosted Finance Minister Taif Sami, to discuss the draft federal budget law.

Al-Mandalawi stressed during the meeting, according to a statement by his office, a copy of which was received by {Euphrates News}, "the importance of speeding up the completion of the discussion and maturity of the project, indicating that the Iraqi people in all its spectrums are waiting for the approval of the budget because it is directly related to their lives, and will not excuse anyone in the event of delay."

The First Vice President called for "identifying appropriate measures to overcome the current obstacles and challenges to speed up the approval of the budget, stressing the need to ensure the financial dues of the holders of the degrees for appointment, and to increase the share of governorates to complete lagging and strategic projects.

During the meeting, the sections for the disbursement of the amounts of the Emergency Support Law were clarified, and it was emphasized to provide the Finance Committee with detailed data about it, as well as employee compensation and service supplies, grants and subsidies, social welfare, and internal and external debts. LINK

Henig:  IMO: Oh yeah, ramping up the pressure to git that budget DONE. *gleefully rubs hands together while grinning* And I'm here for it. LOL

Frometad:  Henig...Didn't Sudani give parliament till the 10th to get this done? 

Henig:  IMO If I remember correctly, that sounds about right. I *THINK* Sudani gave them until the 10th to git er done.

Zeeman: yes the GOI was given by the 10th and they start their  vacation on the 9th but will stay on till the budget is passed. this comes from articles last week in the forum IMO…tomorrow is the 9th they are supposed to start their vacation. will they stay on and finish the budget?

Turk182:  As we embark on yet another week of (kicking the can) - let us NOT forget the numerous UB2Bs where Frank has stressed, "who cares" about news articles, this is "done, done, done" - Now we just have to continue playing the "waiting game" until the citizens of Iraq force their Government to either put up or shut up. Talk is cheap, it's now time to see some action.

************

Clare:  After discussing it with Romanowski... The Iraqi budget is on Sami's table and the parliamentary finance

5/08/2023

On Monday, the US Ambassador to Baghdad, Elena Romanowsky, revealed the content of her meeting with the Iraqi Finance Minister, Taif Sami.

Romanowski stated, in a tweet seen by Shafaq News Agency, that she "met with the Minister of Finance to follow up the meetings of the International Monetary Fund and the World Bank that took place in Washington and discuss the status of the Iraqi government's budget in 2023."

 She explained that "the US government supports ways of social spending, investment in infrastructure and long-term economic development to meet the needs of Iraqis."

Yesterday, Sunday, the Ministry of Finance announced that its Minister, Taif Sami, and the US Ambassador to Baghdad, Elena Romanowski, confirmed support for government measures in the field of Iraqi banking reform, in addition to discussing the possibility of establishing long-term investment partnerships by creating stable investment environmental conditions in the Iraqi market.

In a related context, Mohsen Al-Mandalawi, First Deputy Speaker of the House of Representatives, chaired a meeting of the Parliamentary Finance Committee, during which it hosted Finance Minister Taif Sami, to discuss the draft federal budget law.

During the meeting, Mandalawi stressed the importance of expediting the completion of the discussion and maturation of the project, indicating that the Iraqi people of all sects are waiting for the approval of the budget because it is directly related to their lives, and will not excuse anyone in the event of delay.

The First Deputy called for determining the appropriate procedures to overcome the current obstacles and challenges to expedite the approval of the budget, stressing the need to guarantee the financial dues of those with special grades for appointment, and to increase the share of the governorates to complete the lagging and strategic projects.

During the meeting, according to the statement, the doors for disbursing the amounts of the Emergency Support Law were clarified, and an emphasis was placed on providing the Finance Committee with detailed data about them. Employee compensation and service requirements, grants and subsidies, social care, and internal and external debts were also discussed.  LINK

Henig:  IMO: And it begins...

IRAQI CITIES WITNESS 4 DEMONSTRATIONS

07 May 2023

Baghdad-ALsharqiya, May 7: Today, Sunday, Baghdad witnessed two demonstrations in the streets, where hundreds of retirees from various provinces demonstrated in the center of the capital, to demand the implementation of the provisions of the retirement law, to increase their salaries in line with the high inflation rate.

The demonstrators stressed the need to implement Article 36 of the Retirement Law of 2014, which stipulates an increase in the salaries of retirees when inflation and prices rise, stressing that their current salaries do not provide them with the most basic necessities of a decent life.

The first graduates also renewed their demonstrations in Baghdad, demanding their inclusion in appointments and their inclusion in the 2023 budget.

The demonstrators confirmed that they would not give up their right to appointment, and that they would continue with daily demonstrations until their demands were met through the amendment of the Employment of Seniors Law No. 67.

A number of employees of the Basra Water Directorate demonstrated, demanding fairness and an amendment to the salary scale.  LINK

************

Clare:  Finance Minister to Parliament: We will challenge the budget in {one case}

5/08/2023

 The Parliamentary Finance Committee revealed that the Minister of Finance, Taif Sami, informed the committee that the government will challenge the draft financial budget law "in one case."

Committee member Jamal Cougar said; For the program {Without Accusation} broadcast by Al-Furat TV channel this evening: "The Minister of Finance confirmed during her hosting in the committee that the appeal will be in the event of a reduction in the budget."
He added, "The committee will go either towards a reduction or staying on the existing numbers.

The Ministry of Finance and the government have the right to appeal before the Federal Court constitutionally, and we may go to stretchers instead of a reduction," noting that "we reduced the deficit in the previous budget by approximately 4 trillion, but in this budget we did not reduce it." The deficit so far, and we are checking the allocations of ministries and agencies.

He pointed out, "We are facing the largest budget and the largest deficit for three years, and this calls for extreme caution, because any mistake in it will be repeated for three years."

He continued, "The discussions will not end on May 10, as this date was set by the State Administration Coalition."

Cougar said, "The day of the vote on the budget will be in one parliamentary session," noting that "next Tuesday will be devoted to the discussions of the Finance Committee only, without hosting to discuss the budget items," noting that "activating and consolidating resources and aspects of reduction are among the priorities of the discussion." LINK

Wednesday Night KTFA CC "8 Important Points" 5-3-2023

KTFA

Wednesday Night Conference Call

Frank26:  5-3-23…….8 IMPORTANT POINTS

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

Frank’s team is Walkingstick, Eddie in Iraq and guests

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=jM5xK0ppVQ4

Monday Night KTFA CC "Number 2 Called" 5-1-2023

KTFA

Monday Night Conference Call

Frank26:  5-1-23…….NUMBER 2 CALLED

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

Frank’s team is Walkingstick, Eddie in Iraq and guests

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=OBc6i4xN-04

Some "Thursday News" Posted by Clare at KTFA 4-27-2023

KTFA:

Clare:  5 Arab countries are preparing to join the "BRICS" group of countries...Is Iraq among them?

4/27/2023

According to a report by Bloomberg Agency, 19 countries have expressed interest in joining the "BRICS" group of countries, including 5 Arab countries.

In this context, Anil Soklal, South African ambassador to the group, said in an interview that the block of emerging markets in Brazil, Russia, India, China and South Africa will meet in Cape Town on June 2-3 to discuss its expansion, adding, "What will be discussed is the expansion of the BRICS group." And how that happens.

He added, "13 countries have formally requested accession, and six others have requested informally. We are receiving requests to join every day."

I started China The conversation was about enlargement when she was chair of the BRICS group last year, as she tries to build diplomatic leverage to counter the dominance of developed countries at the United Nations. The proposed expansion sparked concern among other members that their influence would be diminished, especially if close Beijing allies were accepted. China's GDP is more than twice the size of all the other four BRICS members combined, according to the agency bloomberg.

Soklal said that the foreign ministers of the five member states have all confirmed that they will attend the discussions in June. In addition to its membership, they will also discuss the "hot spots" that are on the scene right now, including Sudan.

Since its formation as Brick group In 2006, the group added only one new member, a South African in 2010.

Soklal said in February that Saudi Arabia and Iran were among the countries that formally requested to join. Other countries that have expressed interest in joining include Argentina, the United Arab Emirates, and Algeria Egypt and Bahrain and Indonesia, along with two countries from East Africa and one from West Africa - which he did not specify.

Revealed the Russian Foreign Minister Sergey Lavrov Earlier, the "BRICS" group will discuss the initiative to create a single currency among the member states, during the summit to be held in South Africa.

According to the South African ambassador to BRICS, the group intends to adopt its decision this year regarding the admission of new members, as well as specifying the criteria that countries wishing to join the alliance will have to meet, including Saudi Arabia and Egypt and other countries that have formally applied to join the alliance.

The name of Saudi Arabia was circulated to join the group, especially after the differences between Riyadh and Washington recently flared up due to the disagreement on oil prices and production. He was the Russian president Vladimir Putin He had said earlier that his country supports Saudi Arabia's accession to the BRICS group, praising Saudi Arabia's plans to "diversify its economy" and its "leading position in the oil markets."

However, the news of Saudi Arabia's desire to join BRICS began with the president's remarks South Africa Cyril Ramaphosa, who stated, after his visit to Saudi Arabia at the end of last year, that the latter had expressed its willingness to join the organization. The news was first reported by the media South Africa During a press conference by President Ramaphosa, who also stated that it is not only Saudi Arabia that wants to join.

On the other hand, Egypt has officially become a new member of the New Development Bank established by the BRICS countries, after a friend of Egyptian President Abdel Fattah El-Sisi approved Resolution No. 628 of 2023 regarding the approval of the agreement to establish the New Development Bank of the BRICS grouping and the document for Egypt's accession to the bloc. the bank.

The importance of this step is that it is the beginning of official cooperation between Egypt and the BRICS countries, which then paves the way for Egypt's access to the organization.

This comes in conjunction with Egypt's recent suffering from a scarcity of foreign currencies, and therefore some suggest that this step may be a breakthrough in the long-term crisis regarding exit from the mantle of the dollar, and a preparation for the inclusion of the Egyptian pound in international transactions, especially since the BRICS countries have the same goal, which is liberation from the dominance of the dollar and dealing in their local currencies.   LINK

************

Clare:  Next week .. the launch of a new experience in the world of government and private banking

4/27/2023

Next week, financial inclusion activities will start under the auspices of the Central Bank of Iraq and the Association of Private Banks.

The banking sector is preparing to participate in the activities of the Financial Inclusion Week, to be launched next week, under the auspices of the Central Bank of Iraq and the Association of Private Banks.

Many governmental and private banks participate in the events, which showcase banking services to customers, the use of electronic payment tools, pos devices, and the culture of electronic payment, which the government seeks to generalize the experience to all private and public sector institutions.   LINK

************

Clare:  Details of the meeting hosting the Parliamentary Finance of the Minister of Planning regarding the federal budget

4/27/2023

Parliamentary Finance discusses with the Minister of Planning the Federal General Budget Law 

 Chairman of the Finance Committee: It is necessary to review the course of the budget and its investment aspects for the sake of sustainable development and the preservation of the country's public money

 Parliamentary Finance confirms its intention to complete its discussions and expedite its submission for a vote in the House of Representatives

The Minister of Planning stresses the importance of the accuracy of the provisions of the budget law to preserve public money   LINK

Clare:  The Central Bank of Iraq launches the Banking Supervision Reporting System (BSRS)

4/27/2023

Today, Thursday, the Central Bank of Iraq announced the launch of the banking supervision reports system.

A statement of the bank, received by the Iraqi News Agency (INA), stated that "it was decided to launch the Banking Supervision Reports System ( BSRS )", indicating that "the new system will collect financial data from banks and non-bank financial institutions, and unify the database of codes for these banks, companies and their branches."

He explained that "the system provides it with the financial status of financial institutions, enabling the regulatory authorities to monitor the financial safety of banks and non-bank financial institutions faster and more accurately, and enabling the bank to remedy potential risks within financial institutions."   LINK

************

Clare:  Parliamentary Legal for / Nina /: Parliament will approve the budget before the start of its legislative recess

4/27/2023

 The Parliamentary Legal Committee has settled the controversy over approving the draft federal budget law, in conjunction with the legislative recess of the House of Representatives.

Committee member, Representative Raed Al-Maliki, stated, in a statement to the National Iraqi News Agency ( NINA ), that "the Parliamentary Finance Committee will proceed with joint meetings to host ministers and governors until the end of May, in order to complete the budget in its final form."

He added, "The legislative recess will start on the ninth of May, but the House of Representatives will extend its work for another month with the existence of the general budget, according to the internal system, and it will end approving the budget during the extension period before entering its legislative recess."

And he continued to say, “The changes that will affect the provisions of the budget law are related to paragraphs and items related to the financial side,” noting that “there are independent blocs and deputies who have reservations and observations. After approving the budget.   LINK

Monday Night KTFA CC With Frank26 "The Two Sentences" 4-24-2023

KTFA

Monday Night Conference Call

Frank26:  THE TWO SENTENCES

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

Frank’s team is Walkingstick, Eddie in Iraq and guests

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=T82vu0oo938

KTFA Wednesday Night CC "Drinking Water From A Fire Hydrant" 4-19-2023

KTFA

Wednesday Night Conference Call

Frank26:  4-19-23….DRINKING WATER FROM A FIRE HYDRANT

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

Frank’s team is Walkingstick, Eddie in Iraq and guests

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=uAPHuwOJQ3A

Monday Night KTFA CC with Frank26 "Who Cares!!!" 4-17-2023

KTFA

Monday Night Conference Call

Frank26:  4-17-23……WHO CARES!!!!!!

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

Frank’s team is Walkingstick, Eddie in Iraq and guests

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=kyHnJOnQb-4

Wednesday Night KTFA CC "The Chorus To The Whale Song" 4-12-2023

KTFA

Wednesday Night Conference Call

Frank26:  4-12-23…..THE CHORUS TO THE WHALE SONG

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

Frank’s team is Walkingstick, Eddie in Iraq and guests

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=9v8AUZDrDRo

Frank26 and KTFA Members "News and Views" 3-12-2023

KTFA:  (Tuesday Night)

FRANK26:  KTFA FAMILY ...........................THIS ARTICLE IS SO POWERFUL (See below) IN THE MONETARY REFORM EDUCATION TO THE CITIZENS !!! !!! !!! 

I PLAN TO DISSECT THESE WORDS TOMORROW (Wednesday)   BECAUSE THEY ......................... INTRODUCE THE '' FLOAT '' .............TO THE CITIZENS OF IRAQ !!! !!! !!! 

ALSO ............... THE CBI TOLD THE IRAQI CITIZENS S0METHING TODAY THAT FLOORED EDDIE .............AND ME LOL !!! !!! !!! 

I WILL SHARE IN PREMIUN AND ON THIS THEREAD TONIGHT AT 9 PM EST ................ I DO THIS DUE TO THE IMPORTANCE OF EDDIE'S REPORT.

THEN ON TOMORROW'S UB2B  ................ WE STUDY TOGETHER.

PS.............. I TOLD YOU THAT .............THERE IS MORE .............WINK. 

FRANK26 

Clare:  Sudanese advisor: The Central Bank succeeded in increasing the strength of the dinar and began to approach the parallel price

4/11/2023

The financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, said today, Tuesday, that the Central Bank has achieved great success in managing the file of controlling exchange rates and gradually reducing them.

Saleh told {Euphrates News}, "The Central Bank has succeeded with great success in managing the file of controlling exchange rates and gradually reducing them through the electronic platform and the management of banks, which therefore adapted to the work of the platform, which was positively reflected by knowing the last beneficiary of the transfers."

He added, "These are positive indicators, as we have noticed the parallel market approaching the official exchange rate, and that monetary policy has achieved great success in increasing the strength of the Iraqi dinar until the parallel exchange rate seemed close to the official."

From.. Raghad Dahham    LINK

~~~~~~~~~~
FRANK26

I WISH TO SHARE A RESPONSE I GAVE EDDIE TODAY BASED ON A WONDERFUL POST THAT HE SHARED WITH ME TODAY ................

 ~~~~~~~~~~

FRANK26  4 minutes ago

TOMORROW (Wednesday) I WILL READ WHAT HE SAID BUT HERE IS MY ANSWER TO HIM.......................

 ~~~~~~~~~~

FRANK263 minutes ago

 That is a powerful statement from those that you are supposed to listen to !!! the CBI just told you that the Iraqi dinar is more powerful than the American dollar. They’re trying to tell you there is a new exchange rate for your new national currency. Congratulations, Eddie.

 ~~~~~~~~~~

FRANK263 minutes ago

MORE VALUABLE / POWERFUL THAN THE USD???!!!

 ~~~~~~~~~~

FRANK263 minutes ago

WE TALK TOMORROW (Wednesday 6 pm est?)   ON YOU W UB2B KONA ................ SEE YOU TOMORROW !!!

**

Clare:  The Iraqi Trade Bank decides to adopt the dinar "only" in its electronic financial transactions

4/12/2023

The Iraqi Trade Bank decided, on Wednesday, to adopt the dinar currency only in all ATMs and electronic financial services.

The media advisor to the bank, Aqil Al-Shuwaili, said, “In support of the Iraqi national currency by adopting it in financial transactions inside Iraq and not using the dollar currency, and in implementation of the decision of the Council of Ministers and the directives of the Central Bank of Iraq, it was decided that the cash currency approved in all ATMs of the Iraqi Trade Bank be in the currency of dinars only.

Al-Shuwaili added, in an interview with the official news agency, that "it was decided to cancel the dollar currency from ATMs, and also to adopt the national currency in all electronic financial services."    LINK

Turk182:  is this not a WOW WOW WOW article!

***********

Clare:  The Governor of the Central Bank of Iraq meets the US Assistant Secretary of the Treasury in Washington

April 12, 2023

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Allaq, met today, Wednesday, with the US Assistant Secretary of the Treasury, Mr. "Brian Nelson", on the sidelines of the annual meetings of the International Monetary Fund and the World Bank.

The two parties discussed facilitating the procedures of the Central Bank of Iraq in the process of financial transfers, while the US Treasury showed great flexibility and willingness to assist the Central Bank of Iraq in its efforts to achieve stability in the exchange rate.

His Excellency the Governor confirmed that he had agreed with the Assistant Secretary of the US Treasury to intensify communication between the technical teams of the two parties to implement the facilitation steps agreed upon during the meeting, within a short period.

Central Bank of Iraq
Media Office
12 - April - 2023

https://cbi.iq/news/view/2304

Clare:  Iraq announces the agreement with the International Monetary Fund and the World Bank to support economic reform

4/12/2023

Iraq announced, on Wednesday, an agreement with the International Monetary Fund and the World Bank to hold a "non-financial" program that includes providing technical and advisory support for the economic reform adopted by the Iraqi government in achieving financial and monetary stability.

This came during the meeting of the Iraqi delegation with the International Monetary Fund and the World Bank, in the presence of the Governor of the Central Bank of Iraq, Ali Al-Alaq, the Minister of Finance, Taif Sami, and the technical delegation accompanying them, in the American capital, Washington, according to a statement received by Shafaq News Agency.

Al-Alaq called on the Fund to "provide support to the Central Bank of Iraq in its procedures to achieve stability in the exchange rate in accordance with international practices, and the Iraq agreement with the International Monetary Fund, which was ratified by the Iraqi Parliament in 2008."

Earlier in the day, the US Treasury Department showed "great flexibility and willingness" to help the Central Bank of Iraq achieve stability in the exchange rate of the dollar against the dinar.  LINK