Wednesday Night KTFA CC "NER EQUELS SOVEREIGNTY" 8-9-2023

KTFA

Wednesday Night Conference Call

FRANK26…..8-9-23…..NER EQUALS SOVEREIGNTY

NER=New Exchange Rate

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=DPousrpJpms

KTFA Members "News and Views" Wednesday 8-9-2023

KTFA:

Turk182:  With Financial Experts in Iraq, calling for the Adoption of the Slogan (OUR DINAR) in all News Media outlets. Makes one wonder.  

With the Instructions for the Tripartite Budget now being Officially Published in the Gazette this past Monday (08/07/2023) one could liken that to the Iraqi Government holding out an Ice Cold SNO-CONE in front of the Iraqi Citizens, as they sit in 110 Degree Weather.  Just teasing them with this, knowing full well they must give this Sno-Cone to the Citizens before it melts all down their arms.

I would suspect that the CBI revalues the Rate of the Iraqi Dinar to roughly $ 1.00 USD to $ 1.00 IQD within the coming days.  (With the Publishing of the Tripartite Budget Instructions now Official) Numerous Long Overdo Project that are in the Tripartite Budget have no been kicked into high gear, and have begun.

Turk182 cont…..None of the Projects in the Tripartite Budget can be begun at a Toilet Paper, Program Rate of 1310 +/-.  The Tripartite Budget needs the Rate of $ 1.00 USD to $ 1.00 IQD as much, if not more, than the Country of Iraq needs it.

IF, the CBI really wants to put a major dent in all the Black Market buying/selling of the USD, then they could easily come out the gates with a $ 1.30 IQD to $ 1.00 USD, and then Game-Over.  No more buying/selling on the Black Market for the USD, as the IQD would hold more value, THUS Fulfilling the Promise to the People from Sudani & the Government, giving the People VALUE & PRIDE back in their Country/Currency.

I would suspect, they would keep this Rate of the IQD on the $ 1.00 to $ 1.30 range for several months, until that can pull in as much of their Dinar from outside of their Borders, back into the CBI Treasure Chest.  They want to return the Citizens of Iraq back to a Rich/Powerful/Proud Nation, (Not looking to make those outside their Borders Wealthy, knowing full well where the crisis/devaluation started with) 

This Revaluation of the Iraqi Dinar HAS ALWAYS been about the CITIZENS OF IRAQI.  IMO

M:  Outstanding analysis, summary, hypothesis Turk182...since Sudani stated that the Dinar is more Valuable than the USD....+&1.00 for the Dinar would seemingly keep that promise...unless he was talking about the long term value of the DINAR which I don't believe is the case IMO!!!!

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Paulette:  Hey Turk, Can you explain why they can't do it????   After all, the budget value is based in USD.  The rate would seem to just affect how many IQD are needed and nothing else.....?????  

Turk182:  Iraq is a Proud Nation, they have gone to extreme measures to ensure that the ONLY currency to be used in Iraq, is the Iraqi Dinar.  They have arrested Citizens, Merchants, and the like, for continuing to use the USD ….How would it look, IF, after the extreme push to get the Citizens of Iraq to ONLY USE THE IRAQI DINAR, How would it look for the Government to now proceed with Funding/Opening/Implementing their Tripartite Budget based on the US Dollar, which they so desperately, want to, and need to, get away from. IMO

Patriots12:  IMO   at 1310 they could roll it out but would run out of money due to hjigh cost of materials needed to be brought into country without a new rate, a new rate will allow them to buy more materials   ect...   1310 will bankrupt them internationally  all IMHO 

Turk182:  I couldn't agree more.  That is why, IMHO they need to adjust the Purchasing Power of the Iraqi Dinar SOONER rather than later. I believe, that they will adjust it to $ 1.00 or slightly higher to the USD for a period of several months.  As i mentioned earlier, that want to grab as much of their Dinar as they can from outside their boards, so that the majority of people that truly benefit, as they should when they let this thing floats, will be the Citizens of Iraq. IMHO I can't see how they can let this drag on much further without a Rate Change.

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Clare:  Parliamentary Finance launches its expectations regarding the course of the exchange rate during the coming period

8/9/2023   Baghdad

The Parliamentary Finance Committee expected, on Wednesday, a decrease in the exchange rate during the coming period.  

A member of the Finance Committee, Jamal Cougar, said, "The exchange rate of the dollar will decrease after the budget instructions were issued and the law took its way to implementation."  

Cougar added, "The government will have to pump large amounts of dollars into the local markets in the coming days."  

He pointed out, "The Iraqi state's resources are in dollars, but it needs the national currency in order to pay the salaries, which take up a large part of the budget."  

And Cougar went on to say that "the presence of large quantities of the dollar on the market will lead to market sufficiency and a lack of demand, and then reduce its price to a large extent."    LINK

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Clare:  Al-Sudani issues directives regarding electronic payment

8/9/2023  Baghdad

On Wednesday, Prime Minister Mohamed Shia Al-Sudani chaired a meeting to follow up on the completion of the unified treasury account and electronic payment procedures at POS points of sale.

During the meeting, according to a statement by Al-Sudani's office, "the progress made in completing the unified treasury account was reviewed, and the subsequent positive indicators reflected on the national financial and banking system."

Al-Sudani stressed, "These steps come within the government's efforts to implement financial and banking reforms, and the unified treasury account will be an added contribution to anti-corruption measures and limiting the ability of corrupt people to exploit loopholes."

Al-Sudani directed that “an amendment be made to the electronic payment system No. 3 of 2014, as well as the approval of the electronic payment document by the Financial Supervision Bureau as a substitute for the paper receipt, as part of a series of procedures towards employing and approving electronic payment at POS points of sale in an expanded manner, in the public and private sectors.” .   LINK

Sir Shawn:  So this amendment and procedural changes are the last steps needed  towards the lower denominations acceptance at the POS. If you listen carefully you can hear a pin drop…
IMO…..

Patriot12:  yes  and IMO the critical account set up t0 recieve funds for the HCL  closer and closer   when that date is  who knows   IMO

Clare:  2 billion dinars, the profits of 5 Iraqi companies during the first quarter of 2023

8/9/2023  Baghdad

5 Iraqi companies achieved profits amounting to more than 242 billion dinars during the first quarter of the year 2023. 

According to a report on corporate profits during the first quarter of the year 2023 issued by Al-Rabee Financial Brokerage Company, reviewed by Al-Iqtisad News, 5 companies made more profits. From 242 billion dinars, after continuing its good performance. 

Asiacell Telecom Company ranked first, achieving more than 123.8 billion dinars, after its profits grew by 71% compared to the same period in 2022, followed by Zain Iraq Telecom Company, which achieved a return of more than 40.5 billion dinars, with a growth rate of 579%.

And Pepsi Baghdad ranked third with a value of 26.6 billion dinars, up by 303%, followed by the Bank of Baghdad, whose profits amounted to more than 29.4 billion dinars. 

And in the last place came the National Bank of Iraq, which achieved about 22 billion dinars. LINK

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Clare:  The region seeks to export its agricultural crops to the Gulf countries

8/9/2023 Baghdad

The regional government is negotiating an agreement to export poultry meat, table eggs, apples, grapes, figs and honey produced within its territory to the Gulf states, in addition to continuing to export abundant quantities of the potato crop to the UAE.   

The advisor to the Ministry of Agriculture and Water Resources in the region, Shaima Jamal Kokha, said in an interview with the official newspaper, followed by "Al-Iqtisad News", that the most important and supportive steps for the private sector by the Ministry of Agriculture in the regional government is to find local and regional markets for agricultural products, revealing that there are negotiations to agree on Exporting poultry meat, table eggs, apples, grapes and figs, in addition to honey.   

In the same context, she indicated that a contract was concluded to export five thousand tons of potatoes to the United Arab Emirates through two private sector companies in the region, noting that 500 tons of potatoes will be sent to the UAE weekly.  

Kokha added that the quantities of local potatoes during the past years have increased many times compared to what preceded them, thanks to the interest and support that the government gives to the agricultural sector, attributing the increasing demand outside Iraq for crops produced in the region, to their quality and conformity with approved international standards.  LINK

Monday Night KTFA CC 8-7-23 "INSTRUCTIONS…..INCLUDED"

KTFA

Monday Night Conference Call

FRANK26……8-7-23…..INSTRUCTIONS…..INCLUDED

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=aWLbaYpb8kw

KTFA Members "News and Views" Monday 8-7-2023

KTFA:

Margarita:  just to be positive instead of a negative nancy....a few articles have said budget implementation this week.  will the new exchange rate of 1 to 1 be in it?  lets hope so.

Ryan1216:  Great viewpoint Margarita. Let’s just stay positive. It’s so close and we’re right at the very end. This is a go any moment now. IMO

Clare:  The tripartite balancing instructions come into effect

8/7/2023  Baghdad

Today, Monday, the Iraqi Al-Waqa’i newspaper published the tripartite budget instructions that have entered into force.

"The instructions of the tripartite budget law have been published in the Official Gazette," said Hanan Munther Nassif, director general of the Iraqi Gazette.

She added, "The instructions have entered into force."  LINK

Clare: Justice: The budget instructions are considered retroactively effective from 1/1/2023

8/7/2023   Baghdad

Today, Monday (7 August 2023), the Ministry of Justice announced the publication of Instructions No. (1) for the year 2023 to implement the General Budget Law for the fiscal years (2023-2024-2025), retroactively from 1/1/2023 .

The Director General of the Iraqi Facts Department at the Ministry of Justice, Hanan Munther Nassif, said in a statement received by “Baghdad Today”: “Instructions No. (1) for the year 2023 have been published, facilitating the implementation of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023-2024-2025) No. (13) for the year 2023 in Al-Waqi’ newspaper.

And she added, "Instructions No. (1) for the year 2023 are considered retroactively effective from the date 1/1/2023."

To view the instructions: 

[media=https://drive.google.com/file/d/1Jjr9-fH4Wwku3sZwu_Ik2yauhHW3orUo/view?usp=sharing]   LINK

Turk182:  must have missed it, but I did not see anything in these "Instructions" that said anything about "Activation", "Implementation", "Rate Change" UGH - Thought we were told that these things would occur Immediately upon posting in Gazette? Not trying to be negative, just trying to understand what the new hold-up is now.

DCDriver:  Did you honestly think there would be? That’s not how the CBI or any other central bank changes their exchange rate IMO

DoTalktome:  We will be last in line to benifit....IMO…..just stay chill...

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Clare:  Urgent... The Federal Court resolves the appeal of the government and the region's budget law

8/7/2023

The Federal Supreme Court announced that it has resolved the appeals submitted by the federal government and the Kurdistan Regional Government in the financial budget law.

A statement of the Supreme Judicial Council, of which {Euphrates News} received a copy, stated that: “The Federal Supreme Court considered this day the case No. (153 / Federal / 2023) filed before it by the plaintiff (Prime Minister / in addition to his job) against the defendant (Speaker of Parliament). / In addition to his job) regarding appeal against articles of Law No. (13) for the year 2023 ((The general federal budget of the Republic of Iraq for the fiscal years (2023, 2024, 2025))

And the court issued, according to the statement, “its final and binding decision for all authorities, which includes the ruling on the unconstitutionality of the phrase (exclusively) mentioned in Article (2 / first / 8 / c / 6), and the phrase (upon his request) contained in the last part of Article (16 / second), And Article (20/Sixth), Article (28/Fourth/A), Article (57/First/C), Article (70/Second), and Article (72) of Law No. (13) of 2023 ((The Federal General Budget of the Republic of Iraq for the fiscal years (2023, 2024, 2025).

The decision also included a judgment dismissing the plaintiff’s case regarding the challenge to the constitutionality of Articles (28 / fourth / b), (62 / fourth), (63 / third), (65 / second), (71) and (75) of the above law.

The Federal Supreme Court also considered today the case No. (168 / federal / 2023) filed before it by the plaintiff (President of the Kurdistan Regional Government / in addition to his position) against the defendant (Speaker of Parliament / in addition to his position) regarding the appeal against articles of Law No. (13) For the year 2023 ((The Federal General Budget of the Republic of Iraq for the fiscal years (2023, 2024, 2025))

And it issued its final and binding decision for all authorities, which includes the ruling on the unconstitutionality of the phrase (and with the approval of the Federal Prime Minister) mentioned in Article (11 / first) and the phrase (and in the event that the parliament cannot be dissolved to take the necessary decision) mentioned in Article (13 / Seventh) of the law.

It ruled to dismiss the case regarding the challenge to the constitutionality of articles (2/first/5/b), (11/second), (12/second/a, b, c, d, e) and (13/eighth/b) of the law.   LINK

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Clare:  The Federal Supreme Court rejects new appeals with the tripartite budget  LINK

Turk182:  Was this NOT the last thing needed in order to FINALLY IMPLEMENT the Tripartite Budget? No More Obstacles - Smooth Sailing from here on out!  Let's Bring that baby Home NOW>

Some Friday "Iraq News" Posted by Clare at KTFA 8-4-2023

KTFA:

Clare:  Parliamentary investment calls for questioning those responsible for the "chaos" rising dollar

8/4/2023

 A member of the Parliamentary Investment Committee called for questioning those responsible for the high exchange rate of the dollar

Asaad Al-Bazuni told {Euphrates News}: "The Finance Committee hosted several times the governor of the Central Bank to discuss the issue of the rise in exchange rates of the dollar, and that the issue of dealing with the rise in exchange rates requires remedies for the chaos that accompanies the rise in exchange rates."

And he stated, "This is the responsibility of the competent parliamentary committees, so we must move towards hosting or interrogating the concerned personalities to see clear plans and practical solutions to this matter."

Over the past days, the value of the dinar decreased steadily, bringing the dollar exchange rate to 1570 dinars, after the US Treasury's decision to ban 14 Iraqi banks from dealing in dollars, which created a gap in supply and demand for dollars in the local market.

Prime Minister Muhammad Shia al-Sudani said during a press conference last Tuesday that: "The dollar crisis is not a crisis, but rather a battle between the state, which insists on completing the reform of the financial and banking system, and an affected group, which is a group of speculators and smugglers."

The Central Bank of Iraq confirms that it is the only source of dollars circulating in the local markets, which it offers through banks, exchange and mediation companies, at the official rate (1320) dinars per dollar. 

Raghad Daham   LINK

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Clare:  Next week.. The Iraqi Central Bank launches a package of measures that will reduce the price of the dollar

8/3/2023 Baghdad

Today, Thursday, the Central Bank identified three categories of exchange companies for selling dollars to travelers, and while revealing a proposal regarding the entry of imported goods through border crossings, it indicated that there are new decisions that will be issued next week that may contribute to lowering the price of the dollar.

Deputy Governor Ammar Hamad Khalaf said, in a televised statement, that “the central bank provides exchange companies with weekly quotas of dollars for the purpose of selling them to travelers at the official price and in limited quantities of 3 thousand dollars per traveler,” noting. that “these exchange companies are licensed through the central bank according to controls.” It is in compliance with the Anti-Money Laundering Law.”

He added, "One of the basic tasks of all exchange companies A, B, and mediation C is to provide dollars to travelers at the official rate and in the quantity specified by the Central Bank," noting that "there is an electronic platform that The Central Bank has been working on developing since the beginning of this year, and all dollar sales to citizens are done.” Through this platform that is closely monitored by the Central Bank.

And he stated, “The Central Bank finances the market in dollars through this platform for categories of merchants and small traders and through exchange companies for travelers only.” And Al-Rasheed through its outlets at airports, while exchange companies are specialized only in the process of selling dollars to travelers.

And he stated, “The Central Bank submitted a proposal to the ports and customs, which is that any goods entering Iraq must ensure that the merchant financed these imports through the Central Bank of Iraq,” pointing out, “The printing of the Iraqi currency will not be random.”

Regarding the increase in the monetary mass, Khalaf stressed that "the process of increasing the monetary mass is directly linked to the process of increasing the foreign reserves owned by the Central Bank, so any financing for the public treasury is through the exchange of dollars obtained from oil sales with dinars, and therefore any increase in the dinar mass comes mainly from foreign currency.” ".

He stated, "There is no fear of any increase in the monetary mass."

On the exchange rate, Khalaf said, "The Central Bank issued several decisions related to the banking sector," explaining that "other decisions will be issued next week, which may contribute significantly to reducing the exchange rate of the dollar."   LINK

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Clare:  Integrity reveals the embezzlement of 400 million dinars from the amounts of tax revenues in Salah al-Din

8/4/2023

The Investigation Department of the Integrity Commission announced the formation of field teams in the Salah Al-Din Investigation Office to move to the General Tax Authority in the province and its branches in Tikrit, Samarra and Balad. For the purpose of making a reconciliation between the collection unit and the fund and what was deposited in the trusts account held at the treasury in the governorate.

The department added that the teams, which consisted of investigators and auditors, carry out investigation and audit work. To ensure the correctness and integrity of deposits between the tax and the treasury, indicating the amounts of tax deposits that have passed five years ago and have not been recorded as revenue for the public treasury in accordance with the Financial Management and Public Debt Law.

She explained that the team, which moved to the Samarra District Water Department, monitored the embezzlement of (358,674,447) million dinars from the amounts of deposited revenues and trusts, noting that the audit procedures in the tax branch in a country revealed irregularities in the amounts of tax trusts that were five years old and no revenue was credited to the account. The public treasury in accordance with the Financial Management and Public Debt Law for the years (2015, 2016 and 2017).

 The department pointed out that the total amounts that were not recorded as revenue amounted to (25,772,750) million dinars, and the original trusts register for the aforementioned years and arrest warrant notes (accounting 34a) and a certified copy of settlement notes (accounting 65) related to deducting trust amounts were seized.  LINK

Clare:  Day workers try to earn living in northern Iraq in temps higher than 113F

Hemin Huseyin  |27.07.2023 - Update : 27.07.2023

 ERBIL, Iraq

Construction and transportation day workers in northern Erbil province in Iraq are trying Thursday to earn a living in temperatures of more than 45C (113F).

Residents do not usually go out because of the extreme heat but day workers line up on roads and try to earn wages for the day.

They get 20 - 50 dinars ($15 - $37) depending on the work while they generally handle construction or transportation.

Shivan Mohammed told Anadolu he has been taking care of his family this way for the last 15 years.

“We are waiting to get a job here lining up from 7 a.m. to 4 p.m. every day,” he said. “The hot weather seriously threatens my health.”

“The number of jobs available for us also decreased as the dinar has lost value against the US dollar,” he said.

Mohammed noted he has six children, who are students, but said: “We are about 200 workers here. Only a few of us get a job every day.”

No precautions for extreme heat

Adil Mohammed told Anadolu that he has been working like this for 20 years between 11 a.m. and 4 p.m. every day.

He cited the reduction in the number of jobs. “This situation has caused more and more people to line up on the streets,” he said.

He lamented that there are not any kind of precautions for extreme heat and said some workers have fainted.

“Our skins have burned and become more sensitive due to waiting under the sun,” he said. “We do not have any other option, and we have to wait here as a job might be available for us at any minute.”

*Writing by Merve Berker   LINK

Wednesday Night KTFA CC "Perfect Timing" 8-2-2023

KTFA

Wednesday Night Conference Call

FRANK26….8-2-23….PERFECT TIMING

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=jhg-eSEZjH8

Some Iraq News Posted by Clare at KTFA 8-1-2023

KTFA:

Clare:  The State Council announces the completion of the audit of the 2023 budget instructions

The State Council announced today, Tuesday, the completion of the audit of the tripartite budget.

A brief statement by the State Council, received by Shafaq News agency, stated; The process of checking the instructions for implementing the Budget Law for the years 2023-2024-2025 No. (13) for the year 2023 took place in the presence of the Minister of Finance, the Ministry of Planning, and the relevant authorities, for the purpose of facilitating the procedures for implementing the aforementioned law.

 On Monday (June 12), the Iraqi parliament voted on the federal budget law for the years 2023, 2024, and 2025, after discussions that lasted for five days.

The value of the current year budget is 197 trillion and 828 billion Iraqi dinars (about 152.2 billion dollars), with a total deficit of 63 trillion dinars (48.3 billion dollars), while the items of the 2023 and 2024 budgets have not been published.   LINK

Clare:  Parliamentary Finance: Routine procedures for two ministries contributed to delaying the implementation of the budget

8/01/2023

A member of the Parliamentary Finance Committee, Yahya Al-Muhammadi revealed today, Tuesday, the existence of administrative and routine procedures from the Ministries of Finance and Planning that contributed to an "unintentional" delay in implementing the budget law, calling on the two ministries to expedite the completion of their work in this regard.

Al-Mohammadi told Shafaq News agency, "An unintentional delay in completing the instructions of the budget law by the Ministries of Finance and Planning contributed to the delay in implementing the budget law in ministries and state institutions."

Al-Muhammadi added, "We asked the Parliamentary Finance Committee from the two ministries to expedite the publication of the budget instructions," noting that "administrative and routine procedures delayed the implementation of the budget law, and there is no intention in that."

And the deputy added, "The Ministry of Finance will, in the coming days, publish the instructions of the budget law and send them to the ministries and state institutions."

And the Iraqi parliament voted, at dawn today, Monday, June 12, on the federal budget law for the years 2023, 2024, 2025, after discussions that lasted for five days.

The value of the current year budget is 197 trillion and 828 billion Iraqi dinars (about 152.2 billion dollars), with a total deficit of 63 trillion dinars (48.3 billion dollars), while the items of the 2023 and 2024 budgets have not been published.

On June 21, 2023, the President of the Republic, Abdul Latif Jamal Rashid, approved the Federal Public Finance Law.

Last July, the Federal Supreme Court (the highest judicial authority in Iraq) issued a state order regarding some articles of the country's tripartite financial budget law.

The state order included suspending the implementation of the following articles (Article 28 / Fourth: A - B), (57 / First - C), (65 / Second), (70 / Second), (71) and (75) of Law No. ( 13) for the year 2023 (the federal general budget of the Republic of Iraq for the fiscal years (2023 – 2024 – 2025) until a decision is made on the constitutional case filed before this court to challenge its constitutionality, registered in the number (153 / federal / 2023).

Prime Minister Muhammad Shia al-Sudani had requested the issuance of a state order against Parliament Speaker Muhammad al-Halbousi regarding the above articles, according to the statement issued by the Federal Court.

Sabhan Al-Mulla Jiyad, Advisor to the Prime Minister for Political Affairs, suggested last June that the government would challenge some of the budget articles.   LINK

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Clare:  The Kurdistan Democratic Party Calls On The Government To Send The Region's Share Of The Budget, Similar To The Provinces

7/31/2023

Earth News / Member of the Kurdistan Democratic Party, Sobhi Al-Mandalawi, demanded today, Monday, the federal government to send the region's share of the budget, similar to the provinces.

Al-Mandalawi said in a statement to Earth News: “The regional government delegation met with the competent authorities in Baghdad for the purpose of implementing the federal budget items after the regional government fulfilled its legal obligations.”

He added, “After holding technical meetings, it was agreed to implement the budget items after agreeing on a mechanism for the federal government to obtain half of the non-oil revenues according to the constitution.”

And Mandalawi continued, “Therefore, Baghdad is required today to send the region’s share of the budget, similar to the provinces.”  LINK

 Godson:  Imo... Kurdistan demands.. Parliament demands.. citizens demands.. Cbi?.. crickets

Clare:  The Secretary General Of The National Product Calls For The Application Of Article 304 Of The Iraqi Penal Code To Protect The Dinar

7/31/2023

Earth News / The Secretary-General of the Parliamentary National Product Bloc, Jassem Al-Amiri, called today, Sunday, for the implementation of Article 304 of the Iraqi Penal Code to protect the dinar.

Al-Amiri's media office said, in a statement received by Earth News, that "the government's measures to control fluctuations in the exchange rate of the dollar, which included authorizing more than 100 exchange companies to obtain their shares of the dollar, and after the United States denied the issuance of any sanctions against Iraqi banks, the dollar prices started It is witnessing, on a daily basis, a significant decrease.”

He added, "One of the reasons for the high price of the dollar is the statements of some that the US Treasury Department could impose sanctions on the central bank, which aroused citizens' anger and concern, which prompted them to resort to buying the dollar, which increased the demand for it."

Al-Amiri called on “the government, and specifically the Central Bank, to take measures to reassure the Iraqi people and encourage them to deal in the Iraqi dinar, and to take strict measures against manipulators of the exchange rate, and to activate Article 304 of the Iraqi Penal Code, which stipulates the punishment and imprisonment of anyone who publicly broadcasts fabricated facts or allegations that would Causing a decline in the national banknotes or weakening confidence in the state’s currency and its bonds.

He pointed out that "the main affected by the inconsistency in the price of the dollar is the people, who will face a rise in the prices of materials, especially foodstuffs." LINK

KTFA Monday Night CC " IQD...Your Turn" 7-31-2023

KTFA

Monday Night Conference Call

Frank26….7-31-23…….IQD…YOUR TURN

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=NkERhZV3S94

KTFA Members "News and Views" Monday Afternoon 7-31-2023

KTFA:

Clare:  World Bank: Iraq is witnessing a strong recovery

7/31/2023 Baghdad

Today, Monday, the World Bank confirmed that Iraq is witnessing a strong recovery after years of turmoil.

"Iraq is witnessing a strong recovery after many years of turmoil," Jean-Christophe Carré, Regional Director of the Middle East Department at the World Bank, said in a statement.

Carre added, "It is necessary to take measures to accelerate the move towards diversification of economic activity."

He continued, "The importance of reforming the banking sector and promoting digital financial services in order to increase financial intermediation activities and enhance financial inclusion." LINK

Turk182:  As of this posting, it is now 2:10AM Monday, July 31st 2023

They printed the 2023, 2024 & 2025 Budget in the Gazette, back in JUNE.  Here we are a day away from AUGUST 2023.

I'm calling their bluff!  I could care less, how many think SUDANI is doing a great job, and the CBI is doing a great job!  ENOUGH

The Citizens of Iraq have suffered enough.  They have bought into your HYPE about the whole, "don't us the US Dollar anymore (or you'll go to jail", and DON'T give away your IRAQI DINAR, because "soon" it will be worth more money than the US Dollar.

Blah Blah Blah...  ALL WORDS, NOT ACTION..

Typical politicians! LIARS!  Could care less about all those MOUs they signed, or all those Countries pouring into Iraq. 

Means NOTHING with a worthless, toilet paper currency.

The time to "Put Up or Shut Up" has longer passed.  Time to see some ACTION! 

Time to put down the Lemonade.  Only so much of the "Boy that cried wolf" are the Iraqi People going to tolerate.

Prove me wrong. 

Suzie:   well stated, if they're so concerned about their people then prove you're the leaders  everyone thinks you are. At the beginning of this year things were looking so promising with just a few i's to dot and t's to cross and June looked to be the promising time, now here we sit again

Turk182:  IMHO - Sudani & the CBI are very much seriously approaching that point of losing any/all Credibility/Faith of the Iraq Citizens, as well as all those Countries that have been pouring into Iraq to do Business.

Agree with you Suzie, I too was under the impression that once Sudani got in, that this was nothing more than a Rubber Stamp, the words, "Done, Done, Done" have been floated/hyped around for past several months.

Lie on me once, shame on you, lie to me twice, shame one you, lie to me 1,308 Times, SHAME ON ME.  (see what i did there 1308) hahahah

Time to pull back the curtain on Sudani & CBI to find out who are the ones truly in Control of Iraq and pulling the strings.

Frometad:  Talk, talk, talk...enough talk. So many promises made.  

Margarita:  we know the kurds just agreed to implement the budget...as of a few days ago.  So if that is true, and it is true the new exchange rate is a line item AND the HCL is a line item, then once they open it we should get what we want.  I am excited myself

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Clare:  An upcoming visit of an Iraqi government delegation to America to discuss the issue of the exchange rate

7/30/2023  Rudaw Digital 

The State Administration coalition is scheduled to meet this week in Baghdad to discuss a number of issues, on top of which is the depreciation of the Iraqi dinar against the US dollar, with a proposal to send an Iraqi government delegation to America to discuss the issue. 

A spokesman for the Victory Alliance, which represents one of the parties to the State Administration Coalition, Salam Al-Zubaidi, told Rudaw Media Network, on Sunday (July 30, 2023) that the State Administration Coalition “will meet this week in the office of one of the coalition leaders in Baghdad, to discuss a number of issues, including the actions of the government.” level of services, and the latest developments in this field. 

He added, "The financial and banking sector will also be one of the most important axes of the meeting, especially after the US restricted the work of 14 Iraqi banks, which had a significant impact on the depreciation of the dinar." 

Salam Al-Zubaidi, indicated that this issue has become "dangerous", attributing this to its threat to the Iraqi economy "and its negative impact on people's livelihood and destabilization of various sectors, in a way that leads to the loss of billions of dinars," he said. 

It is noteworthy that the United States of America removed 14 Iraqi banks from the list of the Central Bank of Iraq related to banks that are entitled to obtain hard currency, on charges of smuggling dollars to countries subject to US sanctions. 

On July 19, the Wall Street Journal reported that the United States had taken these measures against the 14 banks, on suspicion of money laundering. 

For his part, the spokesman for the Victory Alliance, which is headed by Haider al-Abadi, stated that "the devaluation of the dinar is one of the hottest issues in the Iraqi street, so it will be the most prominent axes of the meeting of the State Administration Alliance." 

And he indicated that "there are fears of a further decline in the value of the dinar," noting that there is a vision among the leaders of the coordination framework and the state administration as well to send a delegation representing the Iraqi government to discuss this issue with the US Federal Bank and discuss with it threats and risks and present proposals to address the situation.    LINK

Clare:  A government meeting to support the Iraqi dinar and address manipulation and speculation

7/31/2023

The Supreme Judicial Council announced, today, Monday, that it will hold a meeting to support the Iraqi dinar and confront manipulation and speculation.

The council said, in a statement, which "Efrat News" received a copy of, that "a meeting was held at the headquarters of the Supreme Judicial Council, within the framework of supporting national efforts to support the Iraqi dinar and to address manipulation and speculation by some speculators in violation of the law."

He added, "The meeting included the head of the Public Prosecution Service, the head of the Judicial Oversight Authority, the first investigative judges of the second and third Karkh Investigation Courts, and the Rusafa Investigation Court specialized in cases of integrity and economic crime, in addition to the head of the National Security Agency and the Undersecretary of the Interior Minister for Intelligence Affairs."

He pointed out that "during the meeting, the best ways and mechanisms were discussed to address the phenomenon of manipulation of the value of the Iraqi dinar against the dollar, in order to ensure its reduction and the prosecution of those involved in it in accordance with the laws in force."   LINK

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Clare:  Judges and security leaders meet to address the "manipulation" of the value of the dinar and to prosecute those involved

7/31/2023

On Monday, Iraqi judges and security leaders held a meeting at the headquarters of the Supreme Judicial Council to put in place mechanisms to deal with "manipulating" the value of the Iraqi dinar and prosecute those involved.

A statement of the Supreme Judicial Council received by Shafaq News agency stated, "The meeting included the head of the Public Prosecution Service, the head of the Judicial Supervision Authority, the senior investigative judges of the second and third Karkh Investigation Courts, and the Rusafa Investigation Court, which is specialized in cases of integrity and economic crime, in addition to the head of the National Security Agency and an undersecretary. Minister of the Interior for Intelligence Affairs.

During the meeting, they discussed the best ways and mechanisms to address the phenomenon of manipulation of the value of the Iraqi dinar against the dollar, in a way that ensures limiting it and prosecuting those involved in it in accordance with the laws in force, according to the statement.

Today, Monday, the Supreme Judicial Council announced the arrest of suspects carrying out suspicious banking activities.

He pointed out that "the defendants admitted that they had taken companies to do business as a cover to smuggle currency out of Iraq, and these companies were raided in separate areas of Baghdad, and sums of money estimated at fifteen million dollars were seized and deposited with the central bank after the Anti-Money Laundering Office submitted its reports that included the existence of Suspicions of money laundering by monopolizing the dollar currency in this way.   LINK

KTFA Wednesday Night CC " WELL…..THERE YOU GO" 7-26-2023

KTFA

Wednesday Night  Conference Call

Frank26…….7-26-23……WELL…..THERE YOU GO

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=SLuI6g7MtCw

KTFA Members "News and Views" Wednesday 7-26-2023

KTFA:

Clare:  After Baghdad .. Sulaymaniyah is a second station for the international financial center of Iraq

7/26/2023

 Today, Wednesday, Al-Madina International Center for Finance and Business held a meeting in the city of Sulaymaniyah, Kurdistan Region, in the presence of a number of businessmen and specialists in economic affairs to convey its financial vision.

A member of the committee supervising the establishment of the city center, Sherwan Anwar, said in an interview with Shafaq News Agency, "With the aim of transferring the vision of the center from the capital, Baghdad, to Sulaymaniyah, and then to some Iraqi governorates to secure a safe economic environment, this expanded meeting was held today, in the presence of members of the Securities Commission and the Stock Exchange. Iraq Securities.

Anwar added, "The city center for money and business was established with the vision of the governor of the Central Bank of Iraq, who presented it more than two months ago at the recent banking conference in Baghdad, after which business and money men held several meetings to transfer the vision of the center to the city of Sulaymaniyah."

And he indicated that "the center will provide banking and financial services, and it will include financial services companies and brokerage companies, in addition to other supportive services and business incubators."

Anwar pointed out that "the three pillars of money management, consisting of the Central Bank of Iraq, the stock market, and business incubators, can secure a safe economic and financial environment in the country, especially when there is coordination between these pillars, and when they are spread in a disciplined manner," noting that "the center It will provide the workforce that will serve the community, especially those who want to expand their projects, and it will also create an environment for training and developing youth through business incubators."   LINK

Turk182:  That's all Fine & Good.  Nice Pictures, glad to see everyone smiling and having a Good Time.   All this means NOTHING with Iraq having a useless, toilet paper currency. How long ago was the 2023, 2024 & 2025 Budget Approved/Ratified & Printed in the Gazette?  

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Clare:  The dollar passes 155,000 amid protests in front of the Central Bank of Iraq.. Pictures

7/26/2023

The exchange rates of the US dollar against the Iraqi dinar rose today, Wednesday, in the markets of Baghdad, and in Erbil, the capital of Kurdistan Region, to reach more than 155,000 dinars.

Shafaq News agency reporter said that the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded, at 11 am, an exchange rate of 155,200 Iraqi dinars for every 100 US dollars, while the prices recorded in the morning for the opening were 154,300 dinars for 100 dollars.

As for the dollar prices in exchange shops in the local markets in Baghdad, they rose, as the selling price reached 156,500 dinars, while the purchase price reached 154,500 dinars for every 100 dollars.

In Erbil, the capital of the Kurdistan Region, the stock market also recorded an increase, as the selling price reached 155,200 dinars, and the purchase price was 155,150 dinars for 100 dollars.

In addition, dozens of angry protesters gathered in front of the Central Bank of Iraq building in the center of the capital, Baghdad, to protest against the high exchange rate of the dollar.

The demonstrators raised Iraqi flags and banners calling for swift measures to curb the continuous rise in exchange rates.   LINK

Jeffrey:  Someone answer this We have been taught that this hasn't happened yet because of Iran stealing dollars and the black market destroying the rate. Imo, if they just changed the rate Iran would no longer want the dollar  they would want the more powerful dinar and there would be no more black market. To me, the above doesn't sound like a good reason for it not to have gone when smarter people know that the above problems would immediately disappear if they just changed the rate.   Am I wrong? Anybody?

DoTalkToMe:  I wonder if Iraq is waiting to see if BRICS takes launch in August and survey their oppertunities at that time, or a long after that time  or who knows, there is always a reason why it has not happened yet. We have also been told Iraq can fund an RI many times over because they are filthy rich. I see no reason for inaction. RI the IQD and USD becomes nothing. Iraqis want there money, not USD.  The Iran excuse is also a cop out. Kuwait did it with pencils and paper, no electricity.
there is absolutely no excuse for this not happening a long time ago. Just incompetent people. I like Sundial but he's got lead in his pants.

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Clare:  An economist told NINA: The rise in the dollar exchange rate raised inflation rates

7/26/2023

The specialist in the economic affairs, Dergham Muhammad Ali, confirmed that the rise in the uncontrolled dollar price, despite the fixation of the exchange rate, caused economic damage without effective treatments and caused large inflation.

Dergham Muhammad Ali said in a statement to the National Iraqi News Agency ( NINA ) that "all the solutions developed by the Central Bank to control exchange rates did not bear fruit," indicating that increasing the ceiling of cash sales to approved banks is not the solution, but rather enabling the citizen to obtain dollars without intermediaries. through automated teller machines.

And Muhammad Ali stressed, "The need to follow the course of the dollar in the market and not to be a monopoly by specific banks that sell it at the price it imposes on the citizen, considering that inflation rates have risen due to the depreciation of the local currency against the dollar and that the citizen has moved away from adopting it as a store of value because it is unstable and in decline."   LINK

Papito:  the US Treasury OFAC Sanctions might have something to do with the Dinar but the audits that has affected Major Iraqi Banks might be influencing it.

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Clare:  Finance" criticizes a decision that caused the dollar to rise, and does not rule out imposing sanctions on the Iraqi Central Bank

7/26/2023

The Parliamentary Finance Committee criticized, on Wednesday, the recent decision of the Central Bank of Iraq to allow exchange companies to sell dollars to citizens wishing to travel, while it did not rule out that this would lead to new US sanctions on the country.

The deputy head of the committee, Ahmed Mazhar, told Shafaq News agency, "The Central Bank took a wrong decision when it allowed exchange companies to sell dollars directly to citizens wishing to travel outside Iraq."

 Mazhar asked, "We do not know how the central bank administration made such a decision?", Noting that "this decision may clash with the policy of the US Treasury, and new sanctions may be issued that may affect the central bank if the situation continues as it is now."

He pointed out that "the sanctions issued by the US Treasury reflected negatively on the market, and the exchange rate of the dollar against the Iraqi dinar will continue to rise further."

 Yesterday, Monday, the Central Bank of Iraq decided, according to Shafaq News Agency, to "facilitate cash sales in US dollars for travelers. It was decided to allow exchange companies of categories (A and B) wishing to open accounts with this bank in both dinar and dollar currencies for the purpose of participating in a sale window and buying foreign currency.   LINK

Paulette:  IMO.....As I stated......"......and force the CBI to institute the currency reform project."

However, this move by the CBI is congruent with the rest of the world...... and needed to be in place after the official acknowledgement by the IMF that Iraq has been Article 8 compliant....

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Clare:  Alaq: the rise in the exchange rate "my time" and the project to delete zeros still exists

Baghdad

The governor of the Central Bank, Ali Al-Alaq, considered, on Wednesday, that the rise in the exchange rate of the dollar in the market was temporary, and while he indicated that there was no indication or indication from the American side to include new banks within the sanctions, he confirmed that the project to delete zeros from the currency still exists.

Al-Alaq said, in an interview with the official news agency, that "the central bank continues to provide the dollar at the official rate and cover all legitimate transactions for the purchase request, such as transfers and credits for various imports," adding that "what is being talked about in terms of a rise in the exchange rate does not mean that there is a rise in the official price that It is still the same, but the rise in the cash price circulating in the market is caused by the reluctance of some merchants to enter the electronic platform, which is the official channel for sale required by the new system.

He added, "Merchants, in addition to other categories, cannot enter the platform because they do not practice legitimate activities and operations, and our role in the Central Bank is to push everyone who needs to buy dollars to enter the legal and correct way, and the process today is in fact a process of reorganizing the movement of trade and funds, which makes these operations Subject to local and international controls and standards, which leads to an effective implementation of the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015.

Al-Alaq pointed out that “the process of implementing the new system in reorganizing the movement of trade and funds requires the cooperation of multiple parties, and we expected that the issue would receive support, implementation, and interaction from the official and popular parties to support the Central Bank in achieving the goal of this system to make the movement of funds proceed in legal contexts and correct standards to avoid any internal or external risks.

He stressed, "The international financial system is integrated, coherent, and interdependent, in which some influence others, and all financial institutions in the world deal with the movement of funds with caution within an accurate assessment of risks and verification of the sources of funds and their beneficiaries. Iraq is part of this system, and we must achieve a high degree of compliance with the standards." The international financial system to ensure the integrity of our financial system, and this, as we indicated, requires great support for the Central Bank, and for each party to take its role.

And the Governor of the Central Bank stated, “Regulating foreign trade falls outside the control of the Central Bank and requires the cooperation of multiple parties concerned with this file, such as the Ministry of Commerce, the Border Crossings Authority, the Customs Authority, the security services, and other parties, and what we do serves all parties, the country’s economy and its general situation, and therefore there must be solidarity.” Collaboration and interdependence between everyone with the Central Bank to achieve the goal of the system.

He pointed out that "we often hear remarks about the process of selling the dollar and the movement of the currency, and today when the Central Bank assumed this great responsibility to reorganize it and put it in its correct contexts, the issue cost a great effort of human resources to monitor the process and ensure its safety with the application of electronic programs that cost the bank large sums of money." investments, and we seek the assistance of an international auditing firm to review operations and verify their validity, and here there must be support and backing to achieve the primary goal.” 

He pointed out that "there are parties that do not want the correct standards to be adopted, and some of them are trying to take advantage of this situation to jump on the market and withdraw the cash assets in it to achieve special benefits and speculations. Directly from Prime Minister Mohamed Shia Al-Sudani, who gave this issue great attention.

Al-Alaq explained that “what the Central Bank announces of daily sales of foreign currency are not the operations actually in effect, but rather the requests that the Central Bank transfers externally to conduct import transactions, and what is implemented is less than what is announced in terms of numbers, because there are transactions that have notes, deficiencies, or lack thereof.” Conditions are met and rejected, and the daily sales rate actually executed daily reaches $155 million.”

He added, "The failure to meet all requests is caused by merchants not entering the electronic platform, so they go to the market to buy dollars in cash, and the supply is what citizens circulate for the purposes of treatment, study, etc., and the current problem in Iraq is not related to a lack of cash reserves in it, as happens in a number of countries, but rather we have a large reserve." He can respond to requests and there are no restrictions."

And he continued, “The problem is in the request itself, as some of those who want to buy dollars do not adopt the correct methods by going to the electronic platform, and we at the Central Bank presented two proposals to the government to meet their requests: the first includes easing tax procedures and making their percentage simple and deposited directly in accounts without entering into complications.” taxation and tax accounting, and the second proposal, which is that the entry of any goods into Iraq should be through a new mechanism that includes the presence of evidence of its official transfer, and the first proposal was accepted by the government by taking advantage of what was stated in the budget law, Article 48, and now work is underway to determine the categories covered, and the second proposal is currently being studied from The government must document the entry of goods and disclose the source of funding, which is one of the requirements of the Anti-Money Laundering Law.”

He noted that "there is acceptance of the idea of ​​taxation and benefiting from what was stated in the budget law in Article 48, and now work is underway to organize it and define the categories and tax," noting that "the rise in the exchange rate in the market is temporary and the fate of merchants who buy dollars from the market is entering the platform and transferring in a legal manner." Then there will be no pressure on the exchange rate in the market.

Al-Alaq added, however, by saying: “The penalties imposed on 14 local banks were not at the time of the current government, but rather at the time of the previous government, and the announcement of them a few days ago came after completing audits on all transfers and verifying their sources,” noting that “the phenomenon of speculators in the market who They spread radiation and create a crisis that leads to an increase in the price, and it does not change anything about the possibility of applicants for obtaining dollars from going to banks other than those that have sanctions.”

Al-Alaq confirmed, “There is no indication or indication from the American side of including new banks within the sanctions,” noting that “the central bank will follow up on the issue of banks that have been subject to deprivation of the dollar and will enter into the process of reviewing and verifying them.”

He revealed, "There are a number of proposals being developed to set up the trade process with the Iranian side and the payment mechanism within its framework, and work to provide means of payment through the Iraqi currency and prepare special cards for this issue."

And he noted that "the Central Bank continues to put forward regulatory packages to stabilize the market, and the most important measure taken by the bank is to open the largest number of channels to conduct transfers, and now we have opened a direct channel to conduct transfers with China in its currency without going through complex operations, and these transfers are conducted quickly and easily." He stressed, "The bank started transfer operations in the Chinese currency with one bank, and now the number of banks has reached more than 10 banks."

Al-Alaq announced "close dealings with European banks and in other countries in order to give transfer channels speed and help attract merchants."

Al-Alaq explained, "There are certain arrangements being worked on between the Iraqi government and Iran, and between the American side regarding the payment of gas supply dues."

He pointed out that "there are good efforts that are focused and escalating related to the campaign to support the Iraqi dinar," noting that "the strength of the Iraqi dinar derives not from the citizen, but from the capabilities of the country."

He continued, "Prime Minister Muhammad Shia al-Sudani personally is one of the main supporters of the campaign to support the Iraqi dinar." 

Regarding the experience of generalizing electronic support, Al-Alaq explained that "the issue receives great interest from the Central Bank, and now a meeting has been completed with an international electronic payment company, and there is progress, but it depends on expanding the circle of culture in this aspect."

And he stated, "The experience of electronic payment for citizens against government institutions has begun to succeed, and there are many departments that have joined, and we are working on a very important step, which is conducting transactions by paying via mobile phone, that is, a person can pay as soon as the other party has a (code) where any A person holding this code can pass the code on the device and enter his account, which is an advanced step even from using cards.” 

And on the size of Iraq's debts, Al-Alaq indicated, "The internal volume of Iraq's debts amounts to about 65 trillion, of which 46 trillion belongs to the Central Bank, and the rest belongs to government banks, and is paid in the form of payments, while the external debt is about 20 billion dollars, while the Iraqi reserve is more." Of 113 billion dollars,” noting that “the adequacy of the Iraqi reserves is high, and it guarantees foreign currencies and gold.” 
Regarding the Riyada initiative, Al-Alaq said, "The Prime Minister launched a Riyada initiative to qualify young people and enter them into small projects, and to embrace their capabilities and innovations," pointing out that "the Central Bank entered as a financing party by launching a project to establish the Riyada Bank, in order to absorb and finance these capabilities."

And he indicated, “The Central Bank is in the process of establishing this bank, and there is great interest from us and private banks,” noting that “the bank has various initiatives, including financing small and medium projects and the ongoing housing lending initiative through the Real Estate and Housing Bank, as well as we have an initiative to support the use of solar energy, and there is An initiative for the displaced in partnership with the international institution, and we have financing previously funded industrial and agricultural projects, and the bank is working to complete its financing while it is re-studying the initiative related to the industrial sector. 

He pointed out, "It was dismissed from printing the category of twenty thousand dinars because of the existence of a category of 25 thousand dinars, and we do not wish to expand the current categories, because the project to delete zeros still exists." 

Regarding the structure of government banks, Al-Alaq said, "There is now coordination and focus on this file, and great interest from the Prime Minister personally, and periodic meetings in this field, and we have some ideas about these banks that we are working on implementing at the present time."   LINK