KTFA Members "News and Views" Monday Afternoon 8-14-2023

KTFA:

Clare:  A delegation from the regional government will visit Baghdad tomorrow, and two laws are on its agenda

8/13/2023

The spokesman for the Kurdistan Regional Government, Bishwa Hawrami, announced that a delegation from the Kurdistan government will visit Baghdad this week.

 Hawrami said, in a press statement, that: "A delegation from the Kurdistan Regional Government will visit Baghdad on Tuesday (August 15) to discuss the implementation of the financial budget law."

He explained that "the delegation will discuss the oil and gas law in Baghdad, and will include representatives of the Ministry of Natural Resources and experts in oil and gas." 

It is noteworthy that a delegation from the political bureau of the Kurdistan Democratic Party arrived in Baghdad on August 7, and held meetings with the coordination framework and Prime Minister Muhammad Shia al-Sudani, which focused on the non-implementation of the agreements under which the current government was formed.

On August 5, the Ministry of Oil said, after a meeting that included Foreign Minister Fuad Hussein and Oil Minister Hassan Abdul Ghani, a delegation from the Kurdistan region, governors of oil-producing provinces, and advisors to the prime minister, that the meeting came as part of the legislative reform package that came in the government curriculum, specifically what came in the twenty-third axis. Regarding the preparation of a draft oil and gas law to expedite the completion of this project and with the participation of all relevant parties in this strategic national project. 

The meeting discussed, according to the statement, "the importance and objectives of the law and the need to implement it as soon as possible, with the participation of the region, oil-producing governorates and representatives of the Prime Minister's Office," noting that the atmosphere of the meeting was positive. 

The meeting resulted in the following recommendations:

1- Forming committees to follow up on this issue and organizing subsequent meetings.

2- A working paper is presented by the committees on the basis of the vision presented by the ministry, the Kurdistan Regional Government and the producing provinces in light of the discussions that took place during the meeting and the previous discussions to be studied by these committees, leading to the preparation of the final draft of the oil and gas law.

Since 2007, the oil and gas bill has been sent to parliament 3 times, political differences preventing it from being passed each time.

Besides the 2007 draft, the Iraqi government prepared two projects in 2008 and 2011.

The first draft of the oil and gas law, prepared in 2007 by the Iraqi government, consisted of 43 articles, and disagreements between the Kurdistan Regional Government and the federal government prevented its approval.  

The draft stipulated the formation of a federal council for oil and gas by the Iraqi government that would determine the oil policy in Iraq, in which the Kurdistan region would be represented with the rank of minister.  

In 2011, the Iraqi parliament discussed a draft oil and gas law consisting of 49 articles, without being able to pass it either. 

It is noteworthy that the Federal Supreme Court ruled on (February 15, 2022) the "unconstitutionality" of the oil and gas law approved by the Kurdistan Parliament in 2007, obligating the Kurdistan Region to hand over its oil to the federal government.  LINK

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Turk182:  IMHO - They have no other choice than to change the value of their Iraqi dinar NOW, they don’t have the luxury of kicking the can down the road any longer.

Too many contracts/MUA’s are Have been executed and can no longer sign in a pause mode.

the Iraqi Citizens can no longer wait for what they were PROMISED…THE TIME IS NOW

Texas2018:  Turk182, I agree and hope you are correct.  Prime Minister Al-Sudani set a timeline for Tuesday to begin implementation of service projects.  He put out a timeframe for the operational and investment portion on August 24th.  I presume those dates will start the allocation process.  Hopefully, the distribution and expenditure stages follow quickly.   I believe Walkingstick informed Frank the budget opening will initiate the monetary rate change. Hopefully, the CBI will finally take their foot off the private sector's throat.

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Turk182: Iraqi Tripartite Budget for (2023, 2024 & 2025) - OFFICIALLY Posted in Gazette on Monday, June 26th, 2023

For Those Kids keeping score at home:
 
From and including: Monday, June 26, 2023
To, but not including Monday, August 14, 2023

Result: 49 days

It is 49 days from the start date to the end date, but not including the end date.

Or 1 month, 19 days excluding the end date.

49 days can be converted to one of these units:

4,233,600 seconds

70,560 minutes

1176 hours

49 days

7 weeks

13.42% of 2023

The Iraqi Government gives new meaning to the phrase, "At A Snails Pace"

Clare:  State banks are looking into internal systems and automation

8/13/2023

 The Director General of Al-Rafidain Bank, Maher Hussein Rashid Agency, chaired today, Sunday, a meeting in the general administration of the bank, which included the Director-General of the Legal Department in the Ministry of Finance, Muhammad Hamza Mustafa, and the directors of some government banks, in the presence of representatives of the Central Bank of Iraq.

A statement by the Rafidain Bank, of which {Euphrates News} received a copy, said, "The meeting reviewed what has been achieved in terms of the draft internal regulations for government banks and the observations that were put forward at the previous meeting, in accordance with the directives of the Ministry of Finance and the Central Bank of Iraq."

The director of the Rafidain Bank confirmed, according to the statement, that "the goal of changing the internal regulations of government banks is to open broad horizons for the bank's dealings internally and externally, and to introduce modern electronic systems and automation within the framework of institutional governance and drawing up financial policy in the country and benefiting from technologies that contribute to the speedy completion of transactions and their development to serve interest of the bank and its customers.

The statement continued, "The meeting opened the door for discussions and interventions aimed at addressing gaps related to the draft internal system for government banks and keeping pace with international banking updates."    LINK

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Clare:  International companies in the Kurdistan Region urge respect for their rights when enacting the oil and gas law

8/14/2023 Baghdad

Today, Monday, the Kurdistan Oil Industry Association (IPCOR) called on the governments of Baghdad and Erbil to preserve the contractual rights in the new oil and gas law to be enacted.

The union, which represents companies including “DNO”, “Genel Energy”, “Gulf Keystone Petroleum”, “HKN Energy” and “ShaMaran Petroleum”, said in a statement received by “Al-Iqtisad News”, we urge the integration of the rights of companies in the Iraqi budget and any laws Futurism governing oil and gas in federal Iraq and the Kurdistan Region.

"It is essential for the future of the industry in these regions, and the many jobs that support them, that the outcome of the negotiations include recovery of costs and profits to which international oil companies are entitled under existing production sharing contracts," he added.

The Kurdistan Regional Government and the Iraqi federal government held a meeting on the fifth of August to discuss drafting a new oil and gas law. During the meeting, they agreed to form a committee to draft an oil and gas law to help resolve the dispute over the constitutional rights of the Kurdistan Region over oil and revenues.

Since 2005, the Iraqi Parliament has not been able to pass the draft law and the Kurdistan Region approved its own law and began its independent export through Turkey.

The dispute between Baghdad and Erbil over oil exports escalated last March, when the Court of Arbitration in Paris ruled against independent oil exports to Kurdistan under its 2007 law, prompting Turkey to halt oil exports via the Iraq-Turkey Pipeline (ITP).

So far, talks between Baghdad, Erbil and Ankara have failed to find a solution to resume oil exports. Moreover, according to the Iraqi budget law, the Kurdistan Region is required to deliver 400,000 barrels of oil per day.

A representative of the "IPCOR" consortium said in a statement to "Standard & Poor's" that the oil companies "want to guarantee their contractual rights, including cost recovery and entitlement to oil, and protect them in the discussions between Erbil and Baghdad."

"The international oil companies in Kurdistan must be compensated for the real costs, just as they are in federal Iraq. Our investments have fully funded the entire sector and there are solutions that will guarantee future foreign investment in the Iraqi energy sector," he added.

He pointed out that "the PSC (professional standards) model used in the Kurdistan Region has a competitive investment structure that is widely used in oil regions around the world."

He continued, "Within the framework of the security companies of the Kurdistan Region, the international oil companies bear all the financial risks, and in the event of success, the Kurdistan Region retains the majority share of the reward."

"To provide international oil companies with confidence in their contractual right to recover costs and receive profit payments from successful projects, the Kurdistan Company PSC model is governed by English law, with disputes settled through international arbitration at the London Court of International Arbitration," said the Epicor consortium.

The oil companies also said that it would not be possible for the Kurdistan Region to provide 400,000 barrels of oil per day to Baghdad, without the international oil companies operating in the Kurdistan Region.

"To achieve this, the Kurdistan Region will depend on production from fields run by the International Olympic Committee," he said.

"Despite the political, security and geological challenges in the region, the sector operated by the ICRC has developed from almost nothing 15 years ago to produce about 250,000 barrels of oil per day," he added.

"As (oil) the most important industry in Kurdistan by far, the oil and gas sector now provides tens of thousands of high-quality jobs directly through the IOCs themselves as well as indirectly through service companies and contractors and in the communities surrounding our operations, homes and offices," he added.

Moreover, due to the cessation of oil exports, foreign companies operating in the Kurdistan Region had to implement cost-cutting measures, which led to staff layoffs.   LINK

KTFA Members "News and Views" Sunday 8-13-2023

KTFA:

Clare:  What are the reasons for the weakness of the Iraqi dinar compared to other currencies?.. An economist answers

8/12/2023   Information / special.

Today, Saturday, the economic expert, Abd al-Rahman al-Mashhadani, explained the reasons for the instability of the Iraqi dinar in the local markets compared to other Arab currencies, while confirming the existence of a large discrepancy between import and export in the country's markets.

Al-Mashhadani said, in an interview with Al-Maalouma Agency, that "the central banks of the Gulf countries, whether they are Jordan, Kuwait or even Saudi Arabia, have taken a decision to price their local currency, which depends on a basket of currencies, including Iraq, as bulletins previously appeared in the newspaper in the seventies." of the last century, measured on the basis of this basket.”

He added, "All global currencies are attributed to the dollar, but the economies of these countries are stable and there is no problem, and the difference is obtained at the prices of market materials, that is, inflation occurs and the rates of rise increase, which happened in the UAE, Saudi Arabia and Kuwait as well."

The economist explained, "These countries do not deal in dollars in the markets at all, given that all financial transfers are obtained in the local currency only, and this is one of the reasons for the stability of the market," noting that "Iraq was unable to control this situation completely."

And Al-Mashhadani said, "The other matter is trade, that is, import and export, without relying on the government sector in particular. In Iraq's markets, as a result of the large discrepancy between import and export, it is natural that there is a great demand for dollars."

He stated, "The Iraqi dinar was linked to the dollar before 2003, that is, from the Kuwaiti war in 1991, given that the market has always fed the import of the private sector, so there will be no stability."

The Iraqi dinar has been in an unenviable situation for nearly 20 years. After one dinar was equal to 3 and a half dollars during the past century, it reached more than 1550 against one US dollar, which caused problems in the Iraqi economy.   LINK

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Clare:  The dinar is in the central recovery rooms.. and accusations against the Americans of creating crises

8/12/2023   Information / special.

The official currency of the Republic of Iraq, and one of the historical manifestations and legacy that accompanied Mesopotamia for more than 90 years, proved its strength in the global economy, but in one way or another it began to decline and reached "unenviable" stages.

The dinar, which was previously compared to world currencies, reached the path of strength overnight and found itself ahead of many countries, as it began to be used in 1932, i.e. during Iraq's independence from Britain, and was replaced by the Indian rupee at a rate of 1 dinar = 13 rupees.

Later, he decided to link it to the US dollar without changing its value at a rate of 1 dinar = 2.8 dollars, and in 1971 Washington took a decision to devalue its currency by 7.9%, and in 1973 it decreased by 10% to become $3.3778, and it fell to 3.2169. $, which was the price that remained in circulation until the second Gulf War in 1991.

And after 2003, the local currency in Iraq began to decline day after day, which led to its reaching significantly low rates against the dollar, so the Central Bank's procedures did not help it, and America's policy towards the Iraqi economy "made matters worse."

The economic expert, Abd al-Rahman al-Mashhadani, explained the reasons for the instability of the Iraqi dinar in the local markets compared to other Arab currencies, while confirming the existence of a large discrepancy between import and export in the country's markets.

Al-Mashhadani said, in an interview with Al-Maalouma Agency, that "the central banks of the Gulf countries, whether they are Jordan, Kuwait or even Saudi Arabia, have taken a decision to price their local currency, which depends on a basket of currencies, including Iraq, as bulletins previously appeared in the newspaper in the seventies." of the last century, measured on the basis of this basket.”

And he adds, "All world currencies are attributed to the dollar, but the economies of these countries are stable and there is no problem, and the difference is obtained at the prices of market materials, that is, inflation occurs and the rates of rise increase, which happened in the Emirates, Saudi Arabia and Kuwait as well."

And the economist explains, "These countries do not deal in dollars in the markets at all, given that all financial transfers are obtained in the local currency only, and this is one of the reasons for the stability of the market," noting that "Iraq was unable to control this situation completely."

Al-Mashhadani points out, "The other matter is trade, that is, import and export, without relying on the government sector in particular. In Iraq's markets, as a result of the large discrepancy between import and export, it is natural that there will be a great demand for dollars."

And he confirms, "The Iraqi dinar is linked to the dollar before 2003, that is, from the Kuwaiti war in 1991, given that the market has always fed the import of the private sector, so there will be no stability."

In turn, a former member of the House of Representatives, Jassem Al-Bayati, personified the reasons for the weakness of the dinar currency in the Iraqi markets, while accusing America of playing an "inappropriate" game with Iraq.

Al-Bayati mentioned in an interview with Al-Maalouma Agency, that "the weakness of the dinar and its instability in the Iraqi markets, especially in recent times, has many reasons behind it," noting that "the first reason is the decision to re-exchange the dollar against the dinar from 1470 to 1320."

Al-Bayati explains: "There is no country that takes such a step and reduces the dollar by such a large percentage," adding: "The reduction stages are supposed to be consecutive, starting from 1460 - 1420 - 1400, and so the decline is consistent."

And he added, "We are now in a state of confusion, as we cannot obtain dollars in the local markets, not even from bank accounts," noting that "the dinar is going through a period of instability."

And the former member of the House of Representatives points out that, "The other thing behind the instability of the dinar is the connection of the issue with America, which is playing an inappropriate game with Iraq."

And Al-Bayati shows that "the decision to reduce the dinar is governmental and it bears its responsibility," noting that "the central bank's measures to restore the strength of the Iraqi dinar did not bear fruit, and things may be complicated after more."

He continued his speech, saying: “The decision to return the dollar to 1,320 dinars greatly affected the financial budget, and nearly 10 trillion dinars were sacrificed,” noting that “price speculators and those close to America and neighboring countries supporting Washington are the ones who obtained these 10 trillion through Buying the dollar at 1320.

The sources of countries' strength in the economic field are determined by several factors, foremost of which is the national currency, which requires elaborate measures to maintain its strength internally and externally, and the basis of these measures is to activate the private sector, expand the import sector and reduce exports.   LINK

Turk182:  looks like Iran is making some moves to increase their Rial.  Interesting chain of events of late.

I never bought into that whole Global Currency Reset nonsense, or all that Debt Forgiveness BS that people post, (oh, i signed into my account this morning, and my mortgage was paid off) ALL Bs!

Sadly, I do see Iran building strength with their Rial.  Could they make a change at the same time of Iraq, yes - it would make sense for for them to make a change, NOT the same change in value for both, but yes, an increase in the Rial.

I don't see Vietnam Dong making a change in their value anytime in the near future.  

I am still a firm believer that Iraq will increase the value of their Iraqi Dinar in relation to that of the US Dollar within the coming days/weeks.  I feel they will come out with a $ 1 to $1 scenario, possibly a few cents higher - for a period of several weeks/months. 

Sudani has already gone on record with his "TIMELINE/DATE" - 

ALL indications are that the "Fat Lady is ON STAGE, spot light is focused on her, and the band has already played the intro notes, she's getting ready to belt out the words the Iraqi Citizens have long been waiting to hear for the last 20+Years!"

Dinarling:  I also find it very interesting the BRICS meetings are this month beginning the 22nd thru the 25th, and what where the dates for the deadlines Sudani made? Very interesting indeed

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Clare:  The Sudanese government acknowledges the experience of dollar speculators and counts on September

8/13/2023

On Sunday, the Iraqi government expressed its hope that the release of budget funds would contribute to reducing the price of the dollar in the parallel market, while it acknowledged that currency speculators have long experience and fraudulent methods dating back to the nineties of the last century.

The government spokesman, Basem Al-Awadi, told Shafaq News agency, "The launch of the budget definitely means the availability of funds. Therefore, the funds will be released towards ministries, departments, and general directorates in the governorates, independent bodies, and all state institutions, and this means that there is a large cash flow."

 
Al-Awadi added, "Many financial advisors in the government hope, with the release of budget funds, that next month will be a catalyst for the very large decrease in the dollar exchange rate."

He pointed out that "the recent rise in the exchange rate came as a result of the decisions taken to prevent 14 Iraqi banks from dealing in dollars, as this negatively affected the market, in addition to the way speculators performed in the currency."

Al-Awadi pointed out, "The Iraqi government has clear procedures from five months ago until the moment, and the exchange rate fluctuates between ups and downs, but the government is serious about these measures and has a specific plan."

He explained that "price speculators have long experience since the nineties of the last century, and they move in a way that has a lot of experience and fraud, and despite that, the government's program is clear according to the scheme of the Central Bank, banks and merchants, to correct the work to go towards buying and selling trade through the central and in the right ways."

The Iraqi government spokesman concluded by saying, "The government deals with dollar speculators in accordance with the law, and that requires legal measures from economic security and the state to move in this direction."

The government statements contradict the assumptions of economists that the exchange rate of the dollar will stabilize at its current rates in the parallel market, which exceed the barrier of 150 thousand dinars for every 100 dollars.

Over the past few months, the Central Bank of Iraq's attempts to control the parallel currency market, subjugate the exchange rate and return it to the official rate of 1,320 dinars per dollar have failed.  LINK

DallasDude:   Well April and September have shown to be the 2 months where significant rate changes have occurred..God willing this will be significant for all of us especially the citizens of Iraq..

"HCL Law and More" Posted by Clare at KTFA 8-11-2023

KTFA:

Clare:  Shaddad reveals important details about the draft oil and gas law.. This is the fate of the region's contracts

8/10/2023

A member of the Oil, Gas and Natural Resources Committee, Ali Shaddad, revealed important details about the draft oil and gas law, while Egypt disclosed the contracts of the Kurdistan region companies.

Shaddad told Al-Furat News that: "There are committees formed by the federal government and the Kurdistan region that have agreed on a draft oil and gas law of 40 articles."
He pointed to "advanced steps of the government and the concerned committees headed by the Federal Minister of Oil in holding sessions and workshops with the oil-producing provinces," returning to them "very advanced steps in accelerating the legislation of the oil and gas law."

Shaddad added, "The oil-producing governorates will be members of the Sovereign Council, and the National Oil Company will be part of this law, and the government will not find a solution to the outstanding problems other than approving this law."

He continued, "The regional government forcedly stopped oil export operations through two federal and international decisions, and therefore all previous contracts are considered null and void, and here are the points of contention due to the accumulated debts of companies owed by the regional government."

And he added, "On the other hand, these companies entered the blacklist of the federal government, and there are legal procedures and prosecutions by the Federal Ministry of Oil after the issuance of the federal court's decision."

Shaddad concluded, "These points will be settled, but they will not be mentioned in the current draft law, but rather through the Federal Council for Policy-making."

He noted, "There is a problem until this moment, since the export was stopped. The region's oil was not invested except at the rate of 70,000 barrels, which are used locally. Therefore, the export of an average of 330,000 barrels per day was stopped from the date of the issuance of the International Tribunal."

Shaddad concluded, "These points are not political, but rather administrative, and I think they are very easy matters to solve, and there will be no difficulty for the prime minister in resolving these problems."

The political advisor to the Prime Minister, Sabhan Al-Mulla Jiyad, confirmed to Al-Furat News that the file of the oil and gas law will open all outstanding files between the governments of the center and the region.

It is worth noting that Prime Minister Mohamed Shia Al-Sudani hosted, on Tuesday, the periodic meeting of the State Administration Coalition, which touched on the ongoing dialogues regarding the draft oil and gas law, and the results of the technical meeting, which was held last week, in the presence of representatives of political forces and officials of the Federal Ministry of Oil and the Ministry of Wealth. Natural in the Kurdistan Regional Government of Iraq, experts and legal experts.

Where the meeting affirmed the government's keenness to continue dialogues to ripen the final draft of the law, in preparation for submitting it to the House of Representatives after it is approved by the Council of Ministers.   LINK

NanaCarol:  HCL    HCL     HCL

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Clare:  Al-Rafidain announces the direct departments to activate the collection system and collect money electronically

8/11/2023

Al-Rafidain Bank announced the direct departments to activate the collection system and obtain money electronically.

A statement of the bank, which {Euphrates News} received a copy of, stated that "and pursuant to government directives in implementing the electronic payment system, using pos devices in ministries and state institutions and the private sector, and collecting invoice amounts and fees from beneficiaries electronically by bank cards, and to enable those who wish to pay with cards. Al-Rafidain Bank announces The departments that initiated the activation of electronic collection and the transition to electronic transactions and the collection of funds through modern electronic systems.

He pointed out that "the departments that worked with this procedure are (the departments of the Ministry of the Interior - the Directorate of the Police Martyrs Fund - the Directorate of Passports Affairs / Baghdad - the office of the ministry) (the departments of the Ministry of Education - the General Directorate of Financial Affairs - the General Directorate of Training and Educational Development - the Directorate of Public, Private and Foreign Education - Directorate of Curricula) (General Directorate of Industrial Development - Karbala Health Department / Center of the Department - Diwan of the Shiite Endowment - Petroleum Products Authority - Construction and Housing).

The bank stressed that "the activation of collection is continuing and its pace is increasing in many departments of the state."

He explained that "this service comes in accordance with the government program in promoting the culture of electronic payment and reducing the use of paper money in commercial payment and collection operations, as points of sale and various electronic payment methods will be used to facilitate the collection of amounts electronically in effective, reliable and flexible ways, in addition to contributing to adopting modern technological methods and simplifying procedures and upgrading The level of services provided within a safe and transparent environment, as well as keeping pace with the development of the electronic payment system.    LINK

Clare:  Finance Committee: The current month, the benefits of new employees will be paid retroactively

 08/10/2023   Baghdad

The Parliamentary Finance Committee stated that the entitlements of the newly appointed employees will be disbursed retroactively during the eighth month from the date of issuance of their administrative orders, indicating that the matter also applies to holders of higher degrees.

Committee member Mueen Al-Kadhimi ruled out that "the government and the provinces will exhaust the allocations estimated at 199 trillion because the remaining time is short and will give us an opportunity to avoid the deficit in the current year's budget."

Al-Kazemi added that the government's expenditures will be close to its revenues, and this is a good indicator so that there will not be a large deficit. As for the next year, the government should prepare from now to provide the required revenues, whether oil or non-oil, given that this budget will be applied for three years, i.e. to 2025. He pointed out that there will be no change in the budget for the coming years, except for what it will present in the tenth or eleventh month at the latest to Parliament in order to approve the schedules. As for the articles, 78 of them will remain fixed within the budget for the next two years.

Regarding the entitlements of the newly appointed employees, Al-Kadhimi explained that the employees from the contracts and those who have been confirmed, their entitlements are calculated from the date of issuance of their administrative orders in the ministries, whether they are holders of higher degrees, first successes, or lecturers who were transferred to permanent staffing, or contracts who were transferred to permanent staffing. Their entitlements will be paid during the eighth month.

And he stressed that no ministry has the right to refrain from disbursing benefits retroactively because the issue is linked to the Ministry of Finance and the same applies to holders of higher degrees, according to the official newspaper.   LINK

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...

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

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

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

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

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

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

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

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