KTFA Monday Night CC " IQD UPDATE…. IT’S STILL NO SECRET…TO ANYONE" 11-13-2023
KTFA
Monday Night Conference Call
FRANK26……11-13-23……IQD UPDATE…. IT’S STILL NO SECRET…TO ANYONE
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… ORANGE= IMPLEMENTATION
KTFA
Monday Night Conference Call
FRANK26……11-13-23……IQD UPDATE…. IT’S STILL NO SECRET…TO ANYONE
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… ORANGE= IMPLEMENTATION
Some "Monday Iraq News" Posted by Clare at KTFA 11-13-2023
KTFA:
Clare: Iraq plans to “neglect the US dollar” and Parliament proposes “diversifying foreign currency baskets”
11/13/2023 Baghdad
The House of Representatives Finance Committee said today, Monday (November 13, 2023), that there is a necessary and important need to diversify the basket of foreign currencies in Iraq and not rely on the US dollar in commercial transactions.
Committee member Moin Al-Kazemi told “Baghdad Today” that “the basket of foreign currencies in Iraq must be diversified and not relied on the dollar in commercial transactions, whether external or even internal, as this reduces American dominance over the Iraqi economy.”
KTFA:
Clare: Iraq plans to “neglect the US dollar” and Parliament proposes “diversifying foreign currency baskets”
11/13/2023 Baghdad
The House of Representatives Finance Committee said today, Monday (November 13, 2023), that there is a necessary and important need to diversify the basket of foreign currencies in Iraq and not rely on the US dollar in commercial transactions.
Committee member Moin Al-Kazemi told “Baghdad Today” that “the basket of foreign currencies in Iraq must be diversified and not relied on the dollar in commercial transactions, whether external or even internal, as this reduces American dominance over the Iraqi economy.”
He added, “The Iraqi economic ground is ready and prepared to strengthen banks in various foreign currencies and not be limited to the US dollar, and there is a real trend by the monetary authority in this matter, and the coming days will witness various commercial transactions through the UAE dirham as well as the Chinese yuan and other currencies, and this will reduce demand.” On the dollar, and it will have an impact on reducing the dollar exchange rate in the parallel market.”
Last Saturday (November 11, 2023), a government source in Iraq said that officials from the Central Bank of Iraq held “intensive meetings” with American officials in Abu Dhabi in recent days to discuss external transfers to cover imports.
The source added, according to what was reported by the “official agency,” that “Iraq has strengthened its assets denominated in the yuan through the Singapore Development Bank to finance Iraqi trade and imports with China by about 12 billion dollars annually.”
The source stated that the oil-exporting country also moved to strengthen its assets in UAE dirhams and is negotiating to increase its assets denominated in euros to finance trade with the European Union, according to what was reported by Iraqi news agency “Inaa.”
The source added that negotiations with the American side reached a set of decisions and mechanisms that contribute to facilitating procedures for foreign transfers related to imports through the foreign currency sales window.
He added, "It was agreed to enhance the advance balance of five Iraqi banks in their dollar accounts with Jordanian banks and transfers via JP Morgan Bank," noting that "the problems related to the rejected transfers were resolved, and it was agreed that the Rejection of transfers should be based on strong reasons."
He continued: “There were also other meetings that brought together one of the Emirati banks, the Central Bank of Iraq, and the American side, to implement the mechanism for enhancing balances in the Emirati dirham for Iraqi banks,” indicating that “things are going well in this aspect, as all technical details related to the issue have been resolved, and it is expected to begin.” The mechanism for enhancing balances in UAE dirhams during the next few days.”
He stressed that "there are serious negotiations that have reached their final stages to enhance the balances of some Iraqi banks in euros with UBAF Bank to finance trade with the European Union," noting "an increase in the number of banks whose balances in Chinese yuan are being enhanced through the Singapore Development Bank.”
The source also reported that bank accounts had begun to be opened in Indian rupees for a number of Iraqi banks at the same correspondent, the Singapore Development Bank (New Delhi branch), and operations to enhance the balance of two Iraqi banks had actually taken place as a first stage, and it is expected that this mechanism will contribute to financing Iraq's imports from India, especially medicines and materials. Food, which is estimated at about $3 billion. LINK
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Clare: Al-Sudani and Zidane discuss judicial efforts to deter dollar speculators
11/13/2023
Prime Minister Muhammad Shia al-Sudani and the head of the Iraqi Judicial Council, Faiq Zaidan, discussed on Sunday the judiciary’s efforts to hold manipulators and hard currency speculators accountable.
This came during a meeting between Al-Sudani and Zidane, according to a statement received by Shafaq News Agency, during which a number of files and judicial procedures taken were discussed. For the rule of law and to enhance security and stability in the country.
The two sides discussed the importance of strengthening the efforts made by the Iraqi judiciary in holding accountable those who manipulate the people’s livelihood and foreign currency speculators. With the aim of destabilizing the market, affecting the living conditions of citizens, and disrupting government plans to achieve economic and financial reform. LINK
Clare: Al-Basri: We have complete information about exchange rate speculators and we arrested 22 accused of corruption
11/13/2023 Baghdad
The head of the supporting team of the Supreme Anti-Corruption Commission, Abu Ali Al-Basri, revealed that large files had been opened, and while he announced the arrest of 22 accused, he determined the fate of those manipulating the dollar exchange rates .
Al-Basri said in an interview with the official news agency, viewed by Al-Iqtisad News, that “the Anti-Corruption Committee has large operations in the governorates of Baghdad, Basra, Salah al-Din, and Anbar, as well as other operations in various places. ”
He pointed out that "the committee's work continues against those accused in corruption cases and was recently able to arrest 22 involved," noting that "the Anti-Corruption Committee is now carrying out major operations, some of which have targeted people who had red lines on them. "
Al-Basri pointed out that “the Anti-Corruption Committee will not compliment anyone and has no red lines for anyone,” noting that “some files related to corruption need a detailed study, and the committee has opened many files related to previous contracts concluded in state institutions. ”
He continued, "The Supreme Anti-Corruption Committee also opened the file of financial inflation and it affected large people," stressing that "there is coordination with Interpol regarding those wanted in corruption cases, and this includes even dual nationals. "
Al-Basri continued, “The competent authorities have moved to a new stage in the file of combating corruption, preserving public money, returning stolen funds, and preventing any new transgression .”
He stated that "the government is serious about combating corruption and has modern treatment methods, including automating state institutions ."
Al-Basri explained that “the Supreme Committee has complete information about speculators at the exchange rate, and it will reach them, and no one will protect them,” pointing out that “merchants who manipulate the exchange rate will be deprived of obtaining the dollar through the electronic platform of the Central Bank, and there is joint work and effort undertaken by it.” The various state agencies, starting with the supporting team, the various agencies, the judiciary, and the Integrity Commission .”
He stated that "there is a major campaign to monitor the market and illegal sales, and the Anand Agency was able to arrest major figures who were involved," pointing out that "the process of obtaining the dollar and foreign trade has exceeded 90 percent through the electronic platform and that things are moving in the right direction. "
He stressed that "the state provides great support for many goods and also provides many facilities to merchants," noting that "the inflation index is low in Iraq compared to many countries, including neighboring countries. LINK
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Clare: Ministry of Finance: Completing the final accounts of the budgets for the years from 2017 to 2019
11/13/2023
The Ministry of Finance announced the completion of the final accounts of the budgets before their legal dates.
A statement from the ministry, a copy of which {Al-Furat News} received, stated, “In confirmation of the governmental approach and the Ministry of Finance in adopting the principles of transparency and integrity in public financial management, the Ministry took the initiative with the beginning of the work of the new government and in accordance with its government program, and under the directives of the Prime Minister, Muhammad Shiaa al-Sudani, and the Minister of Finance, Taif Sami.” To begin work on completing the final accounts of the budgets for the first time for the years from 2017 to 2019, which were sent to the Federal Office of Financial Supervision, and work continues to complete the final accounts for the years 2020 to 2022.
He added, "Despite the complications that accompanied the process of issuing these accounts, the Ministry committed itself to exceptional efforts throughout the previous stage to complete the subject of the final accounts, in line with the provisions of the Iraqi Constitution, and the text of Article (62/First) of the Constitution, which stipulates that" The Council of Ministers shall submit the General Budget Law and the Final Account to the House of Representatives for approval, in accordance with the provisions of Article 34 of the Financial Management Law No. 6 of 2019.”
He pointed out that "this achievement constitutes a notable development in the corrective path of financial policy within the government program, as the state's final accounts reflect the processes of applying the general budget in accordance with the legal regulations, rules and financial instructions in force to show the state's financial position with its collectible rights and obligatory obligations." Payment.”
The Ministry of Finance affirmed its “commitment and keenness to complete and submit the final accounts with each budget, and to refer them to the House of Representatives for the purpose of approval, in implementation of the decision of the Federal Supreme Court, whose decisions are considered final and binding on all authorities based on the text of Article 94 of the Constitution.” LINK
Friday Night KTFA CC with Frank26 " IQD …….11-10-23…….MR EDUCATION IS VERY LOUD"
KTFA
Friday Night Conference Call
FRANK26…..IQD …….11-10-23…….MR EDUCATION IS VERY LOUD
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#
KTFA
Friday Night Conference Call
FRANK26…..IQD …….11-10-23…….MR EDUCATION IS VERY LOUD
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#
KTFA Wednesday Night CC " Before 2024" 11-8-2023
KTFA
Wednesday Night Conference Call
FRANK26…..11-8-23……..BEFORE 2024
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… ORANGE= IMPLEMENTATION
KTFA
Wednesday Night Conference Call
FRANK26…..11-8-23……..BEFORE 2024
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… ORANGE= IMPLEMENTATION
Some "Wednesday News" Posted by Clare at KTFA 11-8-2023
KTFA:
Clare: The Ministry of Interior is in the process of opening sites for the national card and electronic passport in countries around the world
11/8/2023 Baghdad
The Minister of Interior, Abdul Amir Al-Shammari, confirmed on Wednesday that the ministry is working to open new sites for the national card and the electronic passport in a number of countries around the world.
Al-Shammari’s media office stated in a statement received by Al-Eqtisad News, “Minister of Interior, Abdul Amir Al-Shammari, participated in the seventh ambassadors’ conference, which included a dialogue seminar on (the consular services session), where discussion and dialogue took place regarding the joint work strategy between the Ministries of Interior and Foreign Affairs.” .
KTFA:
Clare: The Ministry of Interior is in the process of opening sites for the national card and electronic passport in countries around the world
11/8/2023 Baghdad
The Minister of Interior, Abdul Amir Al-Shammari, confirmed on Wednesday that the ministry is working to open new sites for the national card and the electronic passport in a number of countries around the world.
Al-Shammari’s media office stated in a statement received by Al-Eqtisad News, “Minister of Interior, Abdul Amir Al-Shammari, participated in the seventh ambassadors’ conference, which included a dialogue seminar on (the consular services session), where discussion and dialogue took place regarding the joint work strategy between the Ministries of Interior and Foreign Affairs.” .
Al-Shammari stressed, according to the statement, “The Ministry of Interior always seeks to provide the best services to the Iraqi community by opening new sites for the national card and the electronic passport in a number of countries around the world, to facilitate the granting of documents.”
He pointed out that "the Ministry is working on an electronic entry visa (visa) project that will solve many of the obstacles facing the work of Iraqi missions abroad." LINK
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Clare: The Central Bank allows Iraqi banks to import foreign currency and requires them to meet 5 conditions (document)
11/8/2023
The Central Bank of Iraq decided, on Wednesday, to allow Iraqi banks to import foreign exchange according to 5 conditions.
It was stated in a letter sent by the Central Bank of Iraq to the licensed banks and obtained by Shafaq News Agency, “Based on the requests received to the bank, and in order to provide the required flexibility to banks operating in Iraq, it was decided to allow you to import foreign currency from outside Iraq while adhering to the following: -
1- The amounts will be used for the purposes of meeting Ziyankum’s requests from duly registered companies, organizations and bodies, and individuals working for foreign companies or institutions who receive incoming remittances from outside Iraq.
2- Submit a request to the Central Bank of Iraq (Banking Control Department) that includes the quantity required to be entered along with the details of the shipment.
3- Payments must be entered exclusively through air ports.
4- Your commitment to register the serial numbers of these shipments and provide the Banking Control Department with them and the data of their recipients later.
5- Providing the Central Bank with the name of the foreign shipping company along with a copy of the license granted to it in its country.
The Central Bank of Iraq confirmed its continued provision of foreign currency to meet customer requirements and in accordance with instructions and controls in this regard. LINK
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Clare: America says it is following the resumption of Kurdistan oil exports and the draft oil and gas law
11/7/2023
The Ministry of Natural Resources in the Kurdistan Regional Government announced, on Tuesday, that an American diplomatic delegation confirmed that Washington is closely following the process of resuming oil exports through the region’s pipeline to Turkey and legislating the oil and gas law.
A statement from the ministry, received by Shafaq News Agency, said that the Kurdistan Minister of Electricity and Natural Resources, Kamal Muhammad Salih, received today, Tuesday, the American Consul General in Erbil, Mark Straw, pointing out that the new American Consul expressed his pleasure to invest in the electricity, energy and oil sector.
The statement indicated that the American consul confirmed regarding the issue of resuming oil exports (via the region’s pipeline to the Turkish port of Ceyhan) and the issuance of the draft federal oil and gas law that his country is closely following the process of resuming the region’s oil exports, indicating that Washington knows that suspending exports has negative effects on the region’s oil exports. Revenues of the region and its public sector.
Straw added, according to the statement, that addressing the revenue problem and approving the oil and gas law are among the priorities of his country's policy and programs.
The statement indicated that Minister Saleh expressed his thanks for America's role in giving importance to efforts to resume the region's oil exports, follow up on addressing oil and gas problems, expand investment, and approve the federal oil and gas law with the participation of the Kurdistan Region. LINK
Clare: Parliamentary Finance calls for an emergency session regarding the rise in the dollar... and warns strongly of its repercussions
11/7/2023
The Parliamentary Finance Committee called on the leaders of the political blocs to hold an emergency session of the House of Representatives regarding the rise in the price of the dollar against the Iraqi dinar.
Committee member Jamal Cougar said, in a press statement, that “there are many reasons for the rise in the dollar, including the failure to spend the budget in the required manner so that it is not exploited by the parties participating in the elections,” noting that “there is a will that wants to thwart the {SWIFT} system on the part of the influential parties.” What he said.
He pointed out that "other reasons are the many complications in the way of companies, investors, traders, and private sector people to obtain the dollar from the platform, in addition to the mafia’s control over the dollar platform through which it is spent."
Koger pointed out “the political concern about the repercussions of the Gaza war on the entire region, and the Iraqi position on the events may lead in the future, if it engages in the conflict, to repercussions that may be more severe,” stressing that “the solution lies in disbursing the budget, providing very many facilities to investors, and simplifying government procedures to obtain the dollar.” In addition to striking mafias and limiting their influence and control over banks.”
The parliamentary finance member called for holding an emergency session in the presence of the leaders of the political blocs and specialists and informing them of the dangers of not implementing the SWIFT system and its repercussions on the political, economic, and even security and social dimensions. LINK
DCDriver: they are actually talking about entering the swift system? Wow!!
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Clare: The government issues new instructions regarding the dollar exchange rate mechanism
11/7/2023 Information / Baghdad..
On Tuesday, the Council of Ministers held its forty-fifth regular session headed by Prime Minister Muhammad Shiaa Al-Sudani, while taking a set of decisions regarding the dollar price mechanism and maximizing the state’s imports.
The Office of the President of the Council stated in a statement received by “Al-Ma’louma” that, “In the course of government action to regulate financial transactions based on the dollar, the Council agreed to amend Paragraph (3) of Cabinet Resolution (23545 of 2023) regarding the dollar exchange rate mechanism, to become according to The following: With regard to Iraqi borrowers from government banks (including the Iraqi Trade Bank) in the US dollar currency, these banks are committed to repaying their loans at the official exchange rate (1,320 dinars) for every US dollar from the borrower, provided that the Central Bank of Iraq strengthens the banks’ accounts in dollars for transfer purposes. The external exchange rate, and at the official exchange rate, according to its need, and this procedure applies exclusively to loans that were disbursed before the issuance of this decision.
As part of the government’s efforts to combat corruption and recover stolen funds, the Council of Ministers agreed to “issue instructions to facilitate the implementation of the provisions of the Iraq Money Recovery Fund Law No. (9) of 2012, based on the provisions of the Constitution and Article (9) of the aforementioned law, taking into consideration the proposals.” set forth in the draft project submitted by the Iraq Assets Recovery Fund, and the notes of the Legal Department in the General Secretariat of the Council of Ministers.”
In the direction of working to maximize the state’s imports, the Ministry of Commerce was approved to sell (49,624,767) kg, or forty-nine thousand six hundred and twenty-four tons, and seven hundred and sixty-seven kg, of damaged wheat that is not suitable for animal consumption, and to export it outside the country for final disposal, provided that Its release shall be under the supervision and follow-up of the National Security Service, provided that the sale is made at public auction for export purposes, and that the price is determined by the Estimation Committee formed in accordance with the Law on the Sale and Rent of State Funds, in accordance with the procedures stipulated in Article (8) of this law, and the amount shall be transferred to The Public Treasury, according to Paragraph (3) of Cabinet Resolution (360 of 2022).”
The recommendation of the Ministerial Council for the Economy (230276 Q) was also approved as follows: Approval of what was stated in the letter of the Ministry of Agriculture dated October 5, 2023, regarding the sale of the remaining quantity of premix amounting to (1,113,955) kg, one thousand one hundred and thirteen tons and nine hundred and fifty-five. kg, belonging to the General Company for Agricultural Equipment, without public bidding; Because it is highly perishable, based on the provisions of the Law on the Sale and Rent of State Funds (21 of 2013), provided that the aforementioned ministry bears the financial and legal consequences and the accuracy of the information.”
As well as "the Ministry of Agriculture's scrutiny of the reasons for purchasing quantities greater than the actual need."
The Council voted to "address the debts owed by the Ministries of Defense and Interior and the Popular Mobilization Authority, regarding medicines and medical supplies from the Ministry of Health/The General Company for Marketing Medicines and Medical Supplies (Kimadia), through coordination between the Ministry of Health and the relevant authorities, and providing the Ministry of Finance with what supports these debts." The amount will be secured this year/2023, or next year/2024.” LINK
Monday Night KTFA CC with Frank26 ".IQD UPDATE…..INSIDE A TIME" 11-6-2023
KTFA
Monday Night Conference Call
FRANK26….11-6-23….IQD UPDATE…..INSIDE A TIME
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… ORANGE= IMPLEMENTATION
KTFA
Monday Night Conference Call
FRANK26….11-6-23….IQD UPDATE…..INSIDE A TIME
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… ORANGE= IMPLEMENTATION
Wednesday News From Iraq Posted by Clare at KTFA 11-1-2023
KTFA:
Clare: As of the beginning of next month, Kurdistan will adopt the Iraqi dinar in crossings and airport transactions
10/31/2023
The Kurdistan Regional Government decided, today, Tuesday, to start dealing in the Iraqi dinar at all border crossings and airports, starting from the beginning of next month.
The Director General of Customs in the Kurdistan Region, Samal Abdul Rahman, said, “In accordance with a decision issued by the Kurdistan Regional Government, all transactions at border crossings and airports will be in Iraqi dinars, starting from the beginning of next month.”
Abdul Rahman added that the regional government had previously used the dinar instead of the dollar at some crossings with neighboring countries, adding that there are still some crossings that will be converted to the dinar tomorrow.
KTFA:
Clare: As of the beginning of next month, Kurdistan will adopt the Iraqi dinar in crossings and airport transactions
10/31/2023
The Kurdistan Regional Government decided, today, Tuesday, to start dealing in the Iraqi dinar at all border crossings and airports, starting from the beginning of next month.
The Director General of Customs in the Kurdistan Region, Samal Abdul Rahman, said, “In accordance with a decision issued by the Kurdistan Regional Government, all transactions at border crossings and airports will be in Iraqi dinars, starting from the beginning of next month.”
Abdul Rahman added that the regional government had previously used the dinar instead of the dollar at some crossings with neighboring countries, adding that there are still some crossings that will be converted to the dinar tomorrow.
The Kurdistan Region Council of Ministers had issued Resolution No. 227 circulated on 9/20/2023 and published on 10/16/2023, which stated: “Based on the provisions of Article (8) of the Kurdistan Region Council of Ministers Law, No. 3 of 1992, it was decided to collect fees.”
Customs duties and customs taxes at border gates and customs points are in Iraqi dinars only. LINK
Clare: Executive Procedures For The Electronic Payment System And Electronic Points Of Sale (POS).
10/31/2023
The Council of Ministers, in its forty-fourth regular session, held today, Tuesday, approved a package of executive measures related to the electronic payment system and electronic points of sale (POS), which the government adopted within its ministerial platform in the axis of economic and financial reforms, and obligating all government agencies to adhere to them.
A statement from his media office, received by Earth News, stated that “the procedures included the following”:
First:
1- Implementing the requirements and circulars issued by the Central Bank of Iraq, the General Secretariat of the Council of Ministers, and the relevant authorities, in a way that contributes to the speedy completion of the implementation of electronic payment systems, including electronic points of sale (POS), and otherwise holding those who delay accountable, in accordance with the law.
2- The use of electronic payment tools by procurement committees and implementation committees shall be a secretariat, provided that all payment operations shall be held after (6) months from the date of issuance of this decision.
3- Deposit the bonuses, incentives, annual profits, and overtime wages granted to employees and those assigned to a public service, at a rate of not less than (20%) of them into their bank accounts, provided that they are used exclusively for electronic payment and cannot be withdrawn in cash.
4- Adopting financial and accounting information systems for the financial aspects of expenses and revenues, which contribute to the ease of using electronic payment and electronic collection methods.
Second: The Central Bank of Iraq is responsible for taking all measures to support the implementation of electronic payment systems, including electronic points of sale (POS), in accordance with the law, including the following:
1-Coordination with relevant authorities to exercise an effective role in supporting electronic payment systems projects, drawing up a national strategy for payments, and overcoming obstacles. facing the work of beneficiaries of these systems.
2- Listing all services provided, their types, amounts and fees collected from citizens, in addition to the number of transactions for each of the services provided, and setting a policy for pricing commissions for electronic payment services for amounts collected for the benefit of government institutions, according to what was stated in the letter of the General Secretariat of the Council of Ministers on September 14, 2023.
3- Organizing workshops, including banks, electronic payment companies, the Federation of Chambers of Commerce, unions, and stakeholders, to present their ideas and proposals in the field of providing incentives and facilities that can be adopted to make the project a success and present them to decision makers.
4- Completing the evaluation of electronic payment companies in accordance with the standards established for this purpose, and determining the position regarding their licensing according to the results of the evaluation.
5- Expediting the completion of the study of applications submitted by new companies that wish to enter the market and provide the service according to the established standards, in a way that ensures attracting reputable companies in this field and enhancing the principle of competition, in order to achieve the provision of the best services at the lowest prices to citizens.
6- Completing the procedures for determining the tariff related to electronic payment operations, according to the nature of the business and the amounts collected for the public and private sectors, no later than December 15, 2023.
Third: The Central Bank of Iraq is obligating all banks to take all measures to support the application of electronic payment systems, including electronic points of sale (POS), including the following:
1- Simplifying the procedures for opening bank accounts for citizens, business owners, and professions, while studying the possibility of... Account opening and card issuance commissions (free or at nominal prices), and cooperation with all banks; To grant short or medium credit facilities to the owners of these interests, ensuring that they benefit from the existence of their accounts and motivating them to use electronic payment.
2- Adopting the service of banking offices in addition to branches, and moving on the ground to universities, institutes, shopping centers, commercial centers, and others, for the purpose of encouraging the opening of bank accounts for customers and providing them with electronic cards (for free or at nominal prices).
3- Study the possibility of including deposits resulting from electronic operations, which exceed a certain amount and remain in the account for a period of time, as savings deposits, according to which certain benefits or advantages are granted.
4- Obligating banks and electronic payment companies to provide a (free) electronic application on mobile phones, allowing customers to pay by phone, inquire about their balances and financial transactions, and prepare reports on paid invoices related to electronic payment systems, including electronic points of sale (POS).
5- Taking appropriate measures regarding monopolistic contracts concluded with electronic payment companies, to ensure compliance with the Competition and Antitrust Law No. 14 of 2010.
6-Intensifying media awareness campaigns for citizens about the benefits of electronic payment systems and how to use them, including electronic points of sale (POS), in coordination Between banks and electronic payment companies.
7- Obliging electronic payment companies to provide a customer service center around the clock, to facilitate payment operations and address immediate problems occurring in electronic payment.
Fourth: The Ministry of Communications and the Media and Communications Authority, each according to its specialty, shall provide the Internet at reasonable prices to all commercial websites, ensuring support for e-commerce and synchronization of data and commercial transactions with the required speed.
Fifth: Obliging private educational institutions, universities and private colleges, fuel processing stations, centers and shops of all kinds, restaurants, pharmacies, private medical clinics, warehouses, all wholesale and retail marketing outlets, and professionals and others that require payment for their interests within the boundaries of the Baghdad Municipality and the centers of governorates and districts throughout all of Iraq, to There will be a minimum amount of cash receipts through the electronic point-of-sale (POS) system after they are determined by the relevant sectoral authorities and presented to the Ministerial Council for the Economy, as a condition for renewing work licenses or licenses to practice the profession.
Sixth: The relevant government agencies must oblige all owners of commercial activities to register their entities in the commercial registry, and register owners of professions with the competent sectoral authorities, with the requirement of opening a bank account as one of the requirements for registration or a license to practice the profession.
Seventh: The Ministry of Labor and Social Affairs/Department of Retirement and Social Security for Workers obliges companies to pay social security amounts to their workers through electronic payment systems.
Eighth: Government agencies must impose additional fees at a rate not exceeding (5%) of the value of goods and services in cash transactions, compared to those collected through electronic payment systems, to encourage citizens; In order to use electronic payment systems instead of cash payment.
Ninth: This decision will be implemented starting December 1, 2023. LINK
Clare: The Iraqi Central Bank is moving towards the US Federal Reserve to increase its dollar transfers
11/1/2023
The Parliamentary Finance Committee revealed, today, Wednesday, a move by the Central Bank with the US Federal Reserve to increase Iraqi dollar transfers.
A statement by the committee, followed by Mawazine News, stated that “external and internal factors stand behind the crisis of fluctuations in the dollar exchange rate,” stressing that “the governor of the Central Bank of Iraq is working hard to solve these problems in order to reach understandings with the US Federal Reserve to increase Iraqi dollar transfers, as well as About confronting speculators and brokers internally.”
The statement called on "citizens to support the procedures and policy of the Central Bank because the crisis requires the combined efforts of everyone."
He added, "The Finance Committee is in constant contact with the Central Bank of Iraq and other concerned parties regarding the problem of the fluctuation of dollar selling prices and supports all steps and measures that would restore stability to the exchange rate," pointing out that "several immediate and future proposals are being presented in this regard, with the aim of finding alternatives and solutions."
Effective for this crisis and in a way that preserves the strength of the Iraqi dinar and also preserves the strength of our cash reserves of hard currency.” LINK
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11/1/2023 Baghdad - IA - Nassar Al-Hajj
Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Saleh, confirmed today, Wednesday, that government agencies’contracts with reputable international financial auditing companies represent an international auditing force that contributes to reducing the phenomena of multilateral corruption.
Saleh told the Iraqi News Agency (INA): “International auditing companies have long experience in investigating the most complex financial transactions, especially financial and administrative activities and transactions with broad and complex connections, called branching activities with long arms.”
He added, "The use of an additional international audit force for important financial centers in our country has become clear in reducing the phenomena of multilateral systemic corruption, and that the positive effects of this comprehensive, multi-purpose audit undoubtedly represent a new dimension in providing a climate based on assessing the level of financial discipline in addition to its role in Strengthening long-term paths that are of fundamental importance in government administration, and at the same time extend across the joints of multi-purpose government financial activities in our country.”
Saleh continued, “In accordance with international standards, in developing the efficiency of public money management and auditing mechanisms and adopting modern accounting principles, the international procedures that are adopted in auditing are procedures that have left a positive impact in providing an additional climate of financial protection that is directly consistent with the general principles stated in the government program.”
In developing the digital government administrative system, it is a trend that has become coherent and continuous and touches on financial governance in accordance with international standards to protect public money and apply the force of law.”
The Prime Minister's Advisor for Financial Affairs noted that "the role of international auditing companies is, in all cases, based on the principles and foundations of the effective Federal Financial Management Law No. 6 of 2019, as amended, as well as the applicable national supervisory instructions and procedures." LINK
Wednesday Night KTFA CC With Frank26 "Remember-Part2" 11-1-2023
KTFA
Wednesday Night Conference Call
FRANK26…11-1-23….IQD UPDATE…..REMEMBER PART2
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#
KTFA
Wednesday Night Conference Call
FRANK26…11-1-23….IQD UPDATE…..REMEMBER PART2
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#
Monday Night KTFA CC With Frank26 For 10-30-2023
KTFA
Monday Night Conference Call
FRANK26….IQD UPDATE 10-30-23…….REMEMBER PART 1
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… ORANGE= IMPLEMENTATION
KTFA
Monday Night Conference Call
FRANK26….IQD UPDATE 10-30-23…….REMEMBER PART 1
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… ORANGE= IMPLEMENTATION
Tuesday Night KTFA CC: "IQD UPDATE……10-24-23……SUDANI TALKS!!!"
KTFA
Special Tuesday Night Conference Call
FRANK26……IQD UPDATE……10-24-23……SUDANI TALKS!!!
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#
KTFA
Special Tuesday Night Conference Call
FRANK26……IQD UPDATE……10-24-23……SUDANI TALKS!!!
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#
Monday Night KTFA CC "STAY PUT…DON’T GO ANYWHERE !!!" 10-23-2023
KTFA
Monday Night Conference Call
FRANK26……10.23.23……..STAY PUT…DON’T GO ANYWHERE !!!
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… ORANGE= IMPLEMENTATION
KTFA
Monday Night Conference Call
FRANK26……10.23.23……..STAY PUT…DON’T GO ANYWHERE !!!
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… ORANGE= IMPLEMENTATION