Thursday Night KTFA CC " FRANK26…..IQD UPDATE….12-7-23……THE END"
KTFA
Thursday Night Conference Call
FRANK26…..IQD UPDATE….12-7-23……THE END
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
Thursday Night Conference Call
FRANK26…..IQD UPDATE….12-7-23……THE END
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 Night KTFA CC "FRANK26….12-6-23…..THE EVIDENCE"
KTFA
Wednesday Night Conference Call
FRANK26….12-6-23…..THE EVIDENCE
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 12-6-2023
KTFA:
Clare: Al-Sudani: The challenges facing Iraqi society are mostly economically rooted
12/6/2023 Baghdad
On Wednesday, Prime Minister Muhammad Shiaa Al-Sudani considered that most of the challenges and problems facing Iraqi society have economic roots, stressing the necessity of adhering to the duties and taxes imposed and not circumventing them to support local products.
This came in a speech he delivered during the launch of the conference on reforming the tax system in Iraq.
Al-Sudani said in his speech, “Within a year of the life of the current Iraqi government, we identified one of the five priorities, which is economic reform. We did not set this word as a slogan or a temporary goal, but rather it came from a realistic reading and inevitable result of the problems and challenges facing Iraqi society, most of which have economic roots.” ". LINK
KTFA:
Clare: Al-Sudani: The challenges facing Iraqi society are mostly economically rooted
12/6/2023 Baghdad
On Wednesday, Prime Minister Muhammad Shiaa Al-Sudani considered that most of the challenges and problems facing Iraqi society have economic roots, stressing the necessity of adhering to the duties and taxes imposed and not circumventing them to support local products.
This came in a speech he delivered during the launch of the conference on reforming the tax system in Iraq.
Al-Sudani said in his speech, “Within a year of the life of the current Iraqi government, we identified one of the five priorities, which is economic reform. We did not set this word as a slogan or a temporary goal, but rather it came from a realistic reading and inevitable result of the problems and challenges facing Iraqi society, most of which have economic roots.” ". LINK
Clare: Minister of Oil: The government has succeeded in implementing gas investment contracts
12/6/2023
The Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayyan Abdul Ghani, confirmed today, Wednesday, that the government has succeeded in implementing gas investment contracts.
Abdul Ghani said in his speech during the opening of the Iraq Oil and Gas Conference, which was followed by the Iraqi News Agency (INA): “Government support and the follow-up of Prime Minister Muhammad Shiaa Al-Sudani have contributed to accelerating and expediting the implementation of associated gas investment projects,” indicating that “the government and the ministry have succeeded.”
In implementing gas investment contracts with Total International with a capacity of 600 mqmq, Al-Halfaya in Maysan with a capacity of 300 mqmq, and Dhi Qar 200 mqmq, in addition to gas investment in the Bin Omar field in Basra with a capacity of 150 mqmq.
He added, "The Basra Gas Company is implementing its promising plans to invest gas from three oil fields, and has achieved approximately 1,000 megaqqm, and 200 megaqqm have been added after the opening of the gas investment station in the Rumaila field, and it is hoped that the amount of 200 megaqqm will be added at the end of the first quarter of next year." “After operating the second station within the project.”
He stated that "the Basra Gas Company contributes to stopping the burning of thousands of tons of pollutants annually, and Iraq is committed to the Paris Agreement, and achieved its commitment within the required commitment ceiling," pointing out that "the project to offer carbon bonds in the Central Oil Company is a promising and unique experience in the region." .
He continued, "Licensing rounds are promising projects to enhance national production of oil and gas." LINK
****************
Clare: Investors: The Iraqi market is promising and its investment environment is excellent
12/6/2023 Baghdad
The agreement signed between the Iraqi and Saudi sides in the field of industrial investments for the private sector is considered an important partnership and a stimulating initiative that will raise the level of services in the Iraqi market.
The Director Commissioner of the Iraqi Diar Company, Salman Dawoud Salman, said, “Under the sponsorship of the Iraqi Fund for Development, the Iraqi and Saudi sides participated in the private sector for the first time.”
He explained, "Al-Diyar Company acquired 49 percent of the investments of the Saudi Northern Factory in Iraq," noting that "the company is considered one of the important companies in the industrial field."
He added, "The industrial city is considered one of the strategic projects with an area of 6,000 dunams and is located in the Al-Najaf Governorate," noting that "there are 6 factories under construction in the industrial city and work is proceeding at a continuous pace."
For his part, the director of the Northern Cement Company in Saudi Arabia, Saud Al-Arifi, expressed his “happiness at signing a partnership agreement in the field of industrial investments for the private sector,” noting that it “is the first real investment partnership in the sector at this level.”
He continued, "We hope that this initiative will motivate other investors to take the same approach and create joint and beneficial investments for everyone," noting that "the investment environment is excellent, the opportunities are available, and the Iraqi market is promising in all respects."
He added, "The government is working to support and facilitate procedures," calling on "all investors in the Gulf countries to take the initiative and seize the distinctive opportunities that will raise the level of services and construction in the Iraqi market."
He added, "Many projects will see the light soon."
Source: Iraqi News Agency (INA) LINK
Clare: Al-Nusairi: The Central Bank has achieved an important step to finance trade with Türkiye in the euro
12/6/2023 Baghdad
Samir Al-Nusairi, advisor to the Iraqi Private Banks Association, confirmed on Wednesday that the Central Bank completed an important step last week to finance trade with Turkey in the euro currency in the tens of millions as an initial payment to cover retailers’ imports from Turkey, as “the implementation of the banking understanding agreement with Turkey began last Sunday.” ".
Al-Nusairi noted that “this came through Iraqi merchants paying in Iraqi dinars and the Central Bank strengthening them in euros,” pointing out that “after that, settlement is made with Turkish merchants in Turkish lira.”
The advisor to the Iraqi Private Banks Association, Samir Al-Nusairi, previously announced, “An Iraqi delegation went to Turkey to agree with Turkish banks to enhance balances in euros or Turkish lira.”
He pointed out that the Central Bank continues to hold periodic agreed-upon meetings with the US Federal Reserve and other banks that were agreed with last month as part of a series of negotiations in order to reach more agreements to regulate trade financing and enhance balances of various currencies in correspondent banks, and thus control speculation in the dollar. On the black market, maintaining exchange rate stability. LINK
****************
Clare: Northern Cement signs a partnership agreement with Iraqi Diyar worth $44 million
Economy News - follow-up
The Northern Province Cement Company announced, on Wednesday, the signing of a partnership agreement with the Iraqi Diyar Investments Company through the Iraqi Diyar Investments Company’s access to 49% of the company’s investments in Iraq.
The company explained in a statement, seen by Al-Iqtisad News, that the value of the deal is $43.9 million, and details the use of proceeds from the sale of the asset to be pumped into foreign investments with promising opportunities and to repay a portion of high-cost loans in light of the current high financing cost rates.
She added that the aim of the deal is to enter into strategic partnerships that enable the company to expand investment in promising markets. LINK
************
Clare: Al-Mandalawi: The Iraqi Parliament is in the process of amending the law on recovery of proceeds of corruption
12/6/2023
Mohsen Al-Mandalawi, Acting Speaker of the House of Representatives, announced on Wednesday that the House is working to amend the law on the recovery of proceeds of financial corruption in order to establish a solid legal base that enables institutions to combat this scourge to exercise their role in the country.
This came in a speech he delivered, during his participation in the conference to commemorate the International Anti-Corruption Day and the launch of the annual Integrity Week, which was held by the Federal Integrity Commission under the slogan (With the love of Iraq, we fight corruption and rebuild the country).
Al-Mandalawi said in his speech that the fight against corruption requires close cooperation between the three authorities to pave the way for the Integrity Commission to exercise its effective role, stressing the prevention of any infringement or obstruction of its work by any party, as there are no red lines after today before the force of law and judicial decisions.
He announced that the Presidency of the House of Representatives fully supports the efforts of the Federal Integrity Commission, and is ready with the parliamentary committees to coordinate and cooperate in exercising the supervisory role, legislating the necessary laws to combat corruption, and amending what exists among them, such as the draft law on recovering the proceeds of corruption, whose legislation the Council is working to complete in the best possible way. In order to establish a solid legal base that enables anti-corruption institutions to exercise their role and protect those in charge of them and those working in them.
Al-Mandalawi continued by saying that the Council is keen to work within its relations with the world’s parliaments within the framework of parliamentary diplomacy, to conclude memorandums of understanding that focus on combating corruption and recovering wanted persons. LINK
Monday Night KTFA CC "EVIDENCE" 12-4-2023
KTFA
Monday Night Conference Call
FRANK26….IQD 12-4-23……EVIDENCE
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 12-4-23……EVIDENCE
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
FRANK26……11-29-23……MONETARY SOVEREIGNTY MEANS YOUR NEW CURRENCY
KTFA
Wednesday Night Conference Call
FRANK26……11-29-23……MONETARY SOVEREIGNTY MEANS YOUR NEW CURRENCY
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……11-29-23……MONETARY SOVEREIGNTY MEANS YOUR NEW CURRENCY
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
Monday Night KTFA CC "CRAYONS" 11-27-2023
KTFA
Monday Night Conference Call
FRANK26……11-27-23…….CRAYONS
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……11-27-23…….CRAYONS
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 11-22-2023
KTFA:
Clare: Iraq agrees in principle to establish a joint economic zone with Saudi Arabia
11/22/2023
The Ministry of Industry and Minerals announced, on Wednesday, its initial approval to establish a joint economic zone with Saudi Arabia on the common border between the two countries. LINK
KTFA:
Clare: Iraq agrees in principle to establish a joint economic zone with Saudi Arabia
11/22/2023
The Ministry of Industry and Minerals announced, on Wednesday, its initial approval to establish a joint economic zone with Saudi Arabia on the common border between the two countries. LINK
Clare: The dollar in Iraq.. Baghdad is planning “permanent solutions” with Washington, and Parliament describes the dialogues as “successful”
11/21/2023 Baghdad
The Finance Committee in the House of Representatives said today, Tuesday (November 21, 2023), that the dialogues taking place between the Central Bank of Iraq and the US Department of the Treasury are very important to find solutions to the dollar crisis in Iraq.
Committee member Moeen Al-Kazemi told Baghdad Today, “The monetary and financial authority in Iraq is making great efforts through negotiation and dialogue with the US Treasury Department in order to find quick and lasting solutions to the dollar crisis, and these dialogues are very important “
Al-Kadhimi stated, “Over the past few days, Iraq has reached important solutions with the American side, and the dialogues have been successful. Therefore, new meetings must be held to present more solutions that strengthen the Iraqi dinar, prevent any scarcity of the dollar in Iraq, and support the Iraqi banking sector.”
Yesterday, Monday (November 20, 2023), an informed source reported an expected meeting between the Central Bank of Iraq and the US Treasury Department next week.
Government sources recently spoke about an agreement concluded between the Central Bank of Iraq and the American side, which resulted in an increase in the number of banks that can directly enhance their balance in dollars to 10 banks, 5 of which are through Citibank, and the other five are through Bank GB Morgan), according to the Iraqi News Agency.
He also revealed that the number of Iraqi banks whose balances in Chinese yuan will be strengthened through the Singapore Development Bank has increased to 13 banks, while the number of banks whose accounts in Indian rupees with the Singapore Development Bank have been strengthened is 2, and Other banks will be added during the next two weeks.
Other meetings were held that brought together an Emirati bank, the Central Bank of Iraq, and the American side, to implement the mechanism for enhancing balances in the Emirati dirham for Iraqi banks, where all the technical details were resolved, and it is expected that The mechanism for enhancing balances in the Emirati dirham will begin during the next few days. LINK
**************
Clare: Oil: Adopting electronic payment systems at all stations early next year
11/22/2023
The Ministry of Oil announced, on Wednesday, the adoption of electronic payment and the suspension of cash dealing at fuel filling stations, starting from January 1, 2024.
The Ministry stated in a statement that “based on the directives of the Council of Ministers in its session numbered 23620 of 2023, held on 10/31/2023, related to activating... Electronic payment service, adopting modern automation systems, and ending cash dealing.
Accordingly, and in line with government directives, the Ministry of Oil, the Petroleum Products Distribution Company, decided to adopt electronic payment systems in all stations and suspend cash dealing, as of January 1, 2024.”
The statement added, "Citizens must cooperate with the Petroleum Products Distribution Company by adopting modern mechanisms and means in the distribution sector to serve the public interest, by acquiring approved electronic payment cards so that everyone can refuel according to the new mechanisms, and benefit from the services provided in the distribution sector." LINK
Clare: With the participation of 120 companies...the launch of the Iraq International Building, Construction and Infrastructure Exhibition
11/22/2023 Baghdad
The activities of the Iraq International Building, Construction and Infrastructure Exhibition, in its second session, were launched in the capital, Baghdad, on Wednesday, with the participation of more than 120 companies from 13 countries, while the Governor of Babylon, Wissam Aslan, confirmed that the government allocated the largest portion of the investment budget to infrastructure projects .
Aslan said in his speech during the Iraq International Building, Construction and Infrastructure Exhibition, “The country is in real need of a major campaign on the issue of reconsidering the previously existing infrastructure or establishing new infrastructure in areas where there is no infrastructure, especially the issue of construction and construction, represented by roads and drainage networks.” Sanitary and rainwater networks,” pointing out that “the facilities and institutions supporting these sectors must have bridges, tunnels, laboratories, and factories that will provide supplies and construction for the construction .”
He added, “The government decided, through its three-year plan, that the largest portion of the funds allocated to the investment budget would be for the infrastructure issue,” noting that “Prime Minister Muhammad Shiaa Al-Sudani stressed in all his meetings, whether with the governors or with the ministers, that funds must be allocated.” The state provides infrastructure projects that take care of the real requirements and needs of the citizen with a long life and high quality .”
He expressed his hope that "the outcomes of this exhibition will be positive and serve the interest of improving the quality and quantity of infrastructure," stressing "the necessity of rapprochement between governors and capable companies of high capacity and quality due to the presence of a large package of real projects in all sectors, whether the road sector or the sanitation sector."
And the rainwater sector, desalination plants, treatment plants, bridges and tunnels, in addition to the presence of real investment opportunities in most of our governorates concerned with factories, laboratories and facilities interested in this sector for the pipe industry, the manufacture of prefabricated panels, the concrete industry and various real industries, all of which are supportive and comprehensive of this important structural sector. ”
Meanwhile, Osama Majeed, relations and media official at Sorouh Exhibition Organizing Company, confirmed in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “the activities of the Building and Construction Exhibition were launched with the participation of more than 120 companies from 13 countries,” indicating that “these companies that presented Today to the capital, Baghdad, you realize the importance of the Iraqi economic market, as it is a large and very promising market,” explaining that “today, all governorates are witnessing the process of building, rehabilitating, and moving infrastructure in general, and it is an opportunity for these companies to present all their products and the latest technology they have achieved.” It puts it in the hands of the Iraqi investor and in the hands of decision-makers .”
He stressed that "today a protocol agreement was signed between three companies, namely Al-Sorouh Company for Organizing International Exhibitions, companies from the Emirates and an Egyptian company, which will result in specialized exhibitions in the coming days," explaining that "the arrival of companies is a gain for Iraq. LINK
Wednesday Night KTFA CC "THE EXCHANGE PROCESS!" 11-15-2023
KTFA
Wednesday Night Conference Call
FRANK26…..IQD UPDATE…….THE EXCHANGE PROCESS!
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…..IQD UPDATE…….THE EXCHANGE PROCESS!
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
Frank26 "Thoughts and Opinions" Wednesday 11-15-2023
KTFA:
Frank26: GREETINGS FAMILY,
I JUST WANTED TO SHARE SOMETHING WITH YOU IN MY OPINION IF I WAS THE CBI, I WOULD BE FOCUSING ON THE NEW EXCHANGE RATE AND THE NEW CURRENCY TO COME OUT TOGETHER.
WITH THAT SAID I WOULD LIKE TO SHARE MY OPINION, THAT SUDANI IS IN ERBIL WITH BARZANI, AND THEY ARE DEALING WITH THE LAST THREE PARAGRAPHS OF THE HCL. THEIR INTENT IS TO RELEASE IT VERY SOON
IF THAT IS THE CASE, THEN IN MY OPINION, THE NEW EXCHANGE RATE AND THE NEW LOWER NOTES SHOULD FOLLOW.
REMEMBER WHAT I’VE ALWAYS SAID, IN MY OPINION THE MOMENT YOU SEE THE HCL SECONDS LATER YOU WILL SEE THE NEW EXCHANGE RATE.
GOD BLESS YOU ALL…….FRANK26
KTFA:
Frank26: GREETINGS FAMILY,
I JUST WANTED TO SHARE SOMETHING WITH YOU IN MY OPINION IF I WAS THE CBI, I WOULD BE FOCUSING ON THE NEW EXCHANGE RATE AND THE NEW CURRENCY TO COME OUT TOGETHER.
WITH THAT SAID I WOULD LIKE TO SHARE MY OPINION, THAT SUDANI IS IN ERBIL WITH BARZANI, AND THEY ARE DEALING WITH THE LAST THREE PARAGRAPHS OF THE HCL. THEIR INTENT IS TO RELEASE IT VERY SOON
IF THAT IS THE CASE, THEN IN MY OPINION, THE NEW EXCHANGE RATE AND THE NEW LOWER NOTES SHOULD FOLLOW.
REMEMBER WHAT I’VE ALWAYS SAID, IN MY OPINION THE MOMENT YOU SEE THE HCL SECONDS LATER YOU WILL SEE THE NEW EXCHANGE RATE.
GOD BLESS YOU ALL…….FRANK26
Frank26: "OVERTIME FOR THE REFORMS!!!"............F26
The Minister of Finance directs the Accounting Department to continue working on Fridays and Saturdays until the end of the current year
11/14/2023 Baghdad -
The Minister of Finance, Taif Sami, today, Tuesday, directed the Accounting Department to continue working on Fridays and Saturdays until the end of the current year.
The ministry said in a statement, a copy of which was received by Mawazine News, that “Minister of Finance, Taif Sami, directed the Accounting Department to continue official working hours on Fridays and Saturdays until the end of the current year.”
She added, "This came with the aim of accelerating the completion of financing procedures and the approaching end of the fiscal year." LINK
************
Frank26: "SUDANI & ALAQ ON THE MONETARY REFORM EDUCATION!!!"...........F26
A government source reveals a package of measures to address the difference in the exchange rate
11/14/2023
A government source revealed, today, Tuesday, a package of measures to address the difference in the exchange rate, noting that Prime Minister Muhammad Shiaa Al-Sudani directed the activation of a committee to hold serious discussions with the US Treasury Department regarding transfers.
The source explained, according to the official agency, that the package of measures included the following:
1- Organizing the import process and ensuring the entry of the largest number of merchants and importers to the foreign currency sales window by facilitating account opening procedures, deposit operations and other procedures related to issuing the importer’s identity, which would facilitate the requirements of (know your customer). ) for the category of merchants and importers.
2- The government and the Central Bank are conducting ongoing negotiations with the Iranian side to regulate trade between the two countries and make the best options regarding payment of dues and amounts, and discussions are taking place at a good pace.
3- The Prime Minister directed to work on a number of important projects to ensure that the poor and middle-income groups are not affected by the exchange rate difference, as the Ministries of Commerce and Health are working to import important materials and provide them in Iraqi dinars at stable prices, an example of which is the food basket project (supported by stable prices), the medicine basket and the basket. Construction and a basket of reserve materials for the transportation sector... some of which work began some time ago.
4- The government is now working on a project (an equal deal) to exchange trade and imports with some countries, such as China and India, and in their own currencies from the main trading partners of Iraq, such as India, China, and some neighboring countries.
5- The government is currently considering establishing a free zone to import materials and then market them to the private sector and ensure their delivery to the consumer at competitive prices and in the Iraqi dinar.
6- The government is currently studying a re-export project and there are important discussions in this regard.
7- The government issued a series of measures to develop electronic payment systems and reduce dependence on cash... and in the coming days a series of other decisions will be issued regarding the pricing and incentive policy for services provided through electronic payment.
8- The President directed the activation of a joint committee between the government, the central bank, and the private sector, under the supervision of his state office, to hold serious discussions with the US Treasury regarding transfers through the foreign currency selling window, and the committee began its meetings from now.
9- The government is holding ongoing discussions with the Central Bank of Iraq on a number of topics, including facilitating procedures related to Iraqi banks importing the dollar (cash). This process has already begun with some banks importing the dollar, and the process will expand to include other banks. Work is also underway to implement a contract. Agreements to supply the currencies of some countries to be provided through banks and banking companies to meet the needs of Iraqi tourists and pilgrims going to those countries without the dollar currency. LINK
Frank26: "HALBOUSI YOU SHOULD HAVE WORKED WITH SUDANI... YOU DID NOT, GOOD-BYE."........F26
Laith Al-Dulaimi’s lawyer: The Federal Court terminated Al-Halbousi’s membership in the House of Representatives
11/14/2023
The lawyer of the sacked MP, Laith Al-Dulaimi, reported on Tuesday that the Federal Court decided to terminate the membership of the Speaker of the Iraqi Parliament, Muhammad Al-Halbousi.
The lawyer stated in a video recording that the Federal Court considered the lawsuit filed by his client, Laith Al-Dulaimi, against Al-Halbousi.
He pointed out that the decision taken by the court included many paragraphs, which he described as “important and significant.”
The Speaker of the Iraqi Parliament, Muhammad al-Halbousi, issued a decision terminating the membership of MP Laith al-Dulaimi based on the latter’s resignation.
Al-Dulaimi announced his rejection of the decision to exclude him from the Iraqi Council of Representatives, which was taken by Council Speaker Muhammad al-Halbousi, while describing the decision as “illegal and arbitrary,” and called for deterring and confronting “dictatorship.”
It is noteworthy that Representative Laith Al-Dulaimi was a member of the “Taqaddum” party led by Al-Halbousi, and was nominated within the party’s ranks for the regions north of Baghdad in the last parliamentary elections that took place in October 2021.
On April 22, 2022, Al-Halbousi dismissed Al-Dulaimi from the Taqadum Party due to his “failure to adhere to the contexts and directives of the Taqadum Party leadership and his violation of the governing controls in the internal system.”
Last June, Representative Laith Al-Dulaimi returned again as a member of the Iraqi Parliament for the Sovereignty Alliance led by Khamis Al-Khanjar.
##############
Al-Halbousi leaves the parliament session after the decision to terminate his membership in the House of Representatives
Baghdad
The former Speaker of the House of Representatives, Muhammad Al-Halbousi, left the parliament session, scheduled to be held today, Tuesday, after a judicial decision was issued to terminate his membership.
The Federal Supreme Court decided, earlier today, Tuesday, to terminate the membership of Muhammad Al-Halbousi, from the presidency of the House of Representatives.
The text of the decision stated: “On Tuesday 11/14/2023, the Federal Supreme Court considered the case No. 9/Federal/2023, and decided, in accordance with the ruling issued therein, to terminate the membership of the Speaker of the House of Representatives, Muhammad Rikan Al-Halbousi, and to terminate the membership of Representative Laith Mustafa Hammoud Al-Dulaimi, as of the date of issuance of the ruling.” On November 14, 2023, a final decision binding on all authorities.” LINK
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
***************
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
************
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