Frank26 and Clare "News and Views" at KTFA Wednesday 12-20-2023
KTFA:
Clare: The Iraqi Trade Bank decides to stop working on money transfers, starting next Sunday
12/20/2023
The Iraqi Trade Bank decided to stop working on financial transfers, starting next Sunday
In a statement, a copy of which {Al-Furat News} received, the bank explained the reason for stopping work on financial transfers: “For purposes related to the annual inventory, it was decided to stop work on money transfers starting from Sunday, 12/24/2023,” noting that “the last date for receiving financial transfer requests will be on Thursday, 12/21/2023.
He added, "This service will resume work on Wednesday, 01/03/2024." LINK
KTFA:
Clare: The Iraqi Trade Bank decides to stop working on money transfers, starting next Sunday
12/20/2023
The Iraqi Trade Bank decided to stop working on financial transfers, starting next Sunday
In a statement, a copy of which {Al-Furat News} received, the bank explained the reason for stopping work on financial transfers: “For purposes related to the annual inventory, it was decided to stop work on money transfers starting from Sunday, 12/24/2023,” noting that “the last date for receiving financial transfer requests will be on Thursday, 12/21/2023.
He added, "This service will resume work on Wednesday, 01/03/2024." LINK
Frank26: "FOR THE SUCCESS OF THE MONETARY REFORM... FOR NO OTHER REASON!!!".........F26
Advisor to the Prime Minister: Iraq today has the highest levels of foreign reserves in its financial history
12/17/2023 Baghda
Advisor to the Prime Minister, Mazhar Saleh, confirmed that Iraq today has the highest levels of foreign reserves in its financial history.
Saleh defended the banking restrictions aimed at “verifying these transfers,” with the aim of reassuring “the international financial community and also for reasons related to Iraqi society: Do these transfers actually go to finance Iraq’s trade?”
He added, “What is happening has nothing to do with the strength of the Iraqi economy. Iraq today is at the highest levels of foreign reserves in its financial history.” Rather, “structural changes have occurred in issues of dealing with foreign currency.” LINK
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Frank26: "BECAUSE OF THE FINAL DAYS OF THE MONETARY REFORM PROCESS, KTFA FAMILY PAY CLOSE ATTENTION TO THIS ARTICLE!!!".........F26
Association of Banks: The battle with dollar speculators has reached its final round
12/15/2023
The Iraqi Private Banks Association said today, Friday, that the battle with dollar speculators has reached its final round, and while it praised the Central Bank’s measures to regulate the movement of funds to achieve financial and bank reform, it confirmed that it will contribute to reclassifying banks, increasing their capital and raising the level of services provided. For citizens.
The economic and banking advisor to the association, Samir Al-Nusairi, told the Iraqi News Agency (INA): “The Central Bank’s measures and efforts that have been made since the beginning of 2023, with the support of the government, have yielded results and have begun to give results according to what was planned.” The so-called parallel (black) dollar has begun to die, and the speculators who deal with it have been besieged to harm the national economy, and currently the battle is with them in the final round.”
He added, “This is what was stated in detailed procedures and administrative, technical, and negotiating steps.” With the US Federal Bank and the US Department of the Treasury and the understandings related to regulating the financing of foreign trade by approving the opening of accounts for Iraqi banks in American, Chinese, Emirati and Turkish correspondent banks to deal directly with them for external transfers in the currencies of these countries, which include the dollar, euro, Chinese yuan, Indian rupee, Emirati dirham and Turkish lira, and leaving the electronic platform in The year is 2024
And the supply of dollars and foreign currencies into Iraq from Iraqi bank accounts at correspondent banks or abroad. Reaching agreements to open 40 accounts for Iraqi banks in correspondent banks for foreign trade,” noting that “the Central Bank’s new strategy to reform the banking sector will adopt the reclassification of banks and increase their capital to the ceiling set by the Central Bank in accordance with the specified time frames until the end of 2024
Which will lead to... Raising the capabilities of our banks to provide the best banking products and services to customers, which will reflect positively on the movement of the economy, investment, development and the transition to comprehensive digital transformation.” He added, “Since the beginning of the year 2023, financial policies have been reconsidered according to a new vision for banking reform that complies with the requirements of the global financial system, and a new strategy has begun to be implemented with mechanisms based on studying and diagnosing the causes of the imbalance and determining the road map and the executive steps and procedures that will be implemented.”
It has been and will be implemented at the level of the departments of the Central Bank, banks, bodies supporting banking work, and government agencies related to comprehensive economic reform, as the Central Bank has previously issued new instructions for external transfers for the year 2023 and three procedural packages to facilitate and control the circulation of foreign currency in the monetary and commercial market.
Al-Nusairi added, “In August of this year, the Central Bank issued its important statement in which it defined its new strategy for organizing the financing of foreign trade according to new foundations that move Iraq to the stage of regularity in the global financial system, and in which it explained the executive procedures to control the stability of the exchange rate.” Among its most prominent items: adopting the electronic platform exclusively for foreign transfer transactions, controlling illicit trade through official and unofficial border crossings, stopping trading and transactions in dollars on the black market, preventing all websites and media television channels from publishing exchange rates on the black market due to their violation of the law, and importers proving that all Their imports were made through the platform and at the official price, and the Customs Authority and the General Tax Authority implemented proposals and procedures for small merchants to enter the platform in accordance with the rules, and this is consistent with the government’s initiative to launch the national project to control prohibited imports.
He continued, “And we In the last days of 2023, the Central Bank’s strategy for banking reform in all its axes became clear for the coming year 2024 and subsequent years, and it is an embodiment of what it specified in the road map that it clarified in cooperation with the government in accordance with what was stated in the government’s curriculum in Axis 12 (Financial and banking reform) and paragraph 7 thereof and special By developing and enabling banks to contribute to development and investment.”
He explained, “Here we can summarize the Central Bank’s plan, which it is currently working to implement accurately, as follows:-
First - Providing a stable financial system lies in accompanying financial electronic systems.
Secondly - Commitment to consolidating the rules of compliance, risk management, transparency and safety of financial operations.
Thirdly - The transition from the cash economy to the digital economy and what is called the fourth revolution and the accompanying measures that have achieved a shift. Quality of dealings between the government and the central bank.
Fourth - Implementing the financial and banking reform plan that is characterized by international standards keeping pace with global developments in the field of the financial digital economy.
Fifth - Working to strengthen international relations, including establishing a network Relations with foreign correspondent banks.
Sixth - Establishing Riyada Bank in line with the Prime Minister’s initiative and redirecting work on initiatives to finance small and medium enterprises in accordance with specific standards.
Seventh - Preparation Launching a strategy for financial inclusion and putting it into effect in coordination with relevant authorities.
Eighth - Launching the national lending strategy, relying on the banks’ own financial capabilities to attract deposits and invest them in providing the best banking products to customers and contributing to development. LINK
Frank26: "OF COURSE TOOPIT LOL!!!"...........F26
Will agreements with international banks contribute to solving the monetary problem in Iraq?
12/16/2023 Follow-ups|..
Economic researcher, Ziad Al-Hashemi, confirmed on Friday that the agreements with the banks of the Emirati First Gulf, Turkish Labor, Singaporean Development and others will not end the monetary problem in Iraq.
Al-Hashemi said in a post on the “X” platform followed by “Newspaper”, that “it is expected that these agreements will provide multiple cash alternatives that will help the merchant.” Iraqis can transfer their trade funds quickly and flexibly and reduce dependence on the dollar in foreign transactions.”
He explained, “These agreements will also help reduce the demand for the parallel dollar by attracting the segment of merchants who previously turned to the parallel dollar in search of quick transfers away from the platform, its complications, and delayed approvals.”
He added, “However, the demand for the cash dollar will remain high, and the official dollar will continue to be withdrawn and converted into a parallel dollar by powerful parties that own huge amounts of dinars, and have no relation to regular or official commercial work, and will continue to put pressure on the Iraqi economy to obtain the dollar in all ways and means.”
He continued, “This fact was confirmed by the exchange rates during this period, which maintained their high levels and did not decline despite these agreements and despite hundreds of millions of (imported dollars). This is what makes the exchange rates ready to rise at any moment and with any new event.”
He stated, “Despite the Federal Reserve’s tightenings and the Central Bank’s attempts, it is expected that the problem of the cash dollar, the parallel dollar, and the imbalance in exchange rates will continue with us during the coming year, and we are waiting for more stringent, serious, and courageous solutions to end this problem from its roots.” LINK
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Frank26: "FROM THE IMF, FROM THE HORSE'S MOUTH... GIVES PERMISSION TO PULL THE FINANCIAL LYNCHPIN ON THE GRENADE OF THE MONETARY REFORM !!! !!! !!!"............F26
IMF Staff Concludes Staff Visit with Iraq
December 19, 2023
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board.
Economic activity is recovering, although oil production cuts are weighing on overall growth, and at the same time inflation has declined.
The large fiscal expansion in the three-year budget law poses significant risks to fiscal and external sustainability over the medium term.
Fiscal prudence and structural reforms are critical to safeguard macroeconomic stability, ensure sustainability, and achieve durable and more inclusive growth.
Washington, DC: A staff team of the International Monetary Fund (IMF) led by Jean-Guillaume Poulain met with the Iraqi authorities in Amman, Jordan during Dec 12-17 to discuss recent economic developments and outlook as well as policy plans.
At the end of the mission, Mr. Poulain issued the following statement:
“Against the background of a large fiscal expansion, non-oil GDP is expected to grow by 5 percent in 2023. Continued budget execution should help sustain strong non-oil growth in 2024. However, lower oil production, following the closure of the Iraq-Turkey pipeline and OPEC+ production cuts, will reduce overall GDP growth in 2023 and 2024.
Inflation has declined from its January peak and is projected to stabilize in the coming months—helped by the Central Bank of Iraq’s (CBI) tighter monetary policy, passthrough from the exchange rate revaluation, lower international food prices, and normalization of trade finance as compliance to the new anti-money laundering/combating the financing of terrorism (AML/CFT) [GM1] framework improved.
“The three-year budget approved in June 2023 marked a shift in Iraq’s budgeting practice, envisaged to improve fiscal planning and continue important development projects over the medium term. Despite a late start of budget implementation, the fiscal balance is expected to shift from a large surplus in 2022 to a deficit in 2023. Staff projects that the deficit would widen further in 2024 reflecting the full year impact of recent measures. The large fiscal expansion, including a substantial increase in public hiring and pensions creates permanent spending that will put pressure on public finances over the medium term.
“Ensuring fiscal sustainability, in context of uncertain outlook for oil prices, requires gradually tightening the fiscal policy stance while safeguarding critical infrastructure and social spending needs. This would require mobilizing additional non-oil revenues, containing the large government wage bill, and reforming the pension system. These measures should be supported by moving toward a more targeted social safety net that better protects the vulnerable.
“The mission welcomed the government’s plans to strengthen public financial management including steps towards the establishment of the Treasury Single Account. In this context, the mission reiterated the importance of adhering to the framework for managing government guarantees.
“The CBI has appropriately tightened its monetary policy, including by increasing its policy rate and reserve requirement. The mission welcomed the progress in strengthening the domestic liquidity management framework and encouraged continued efforts to mop up excess liquidity and develop an interbank market to strengthen monetary policy transmission.
“Structural reforms to spur private sector led economic diversification and job creation remains pivotal for sustainable and inclusive growth. Priorities include creating a level playing field for the private sector through banking and electricity sector reforms, reducing distortions in the labor market, and continuing efforts to enhance governance and reduce corruption.
“The IMF staff team stands ready to support the authorities in their reform efforts and would like to thank them for candid and productive discussions during this mission.”
Monday Night KTFA CC " FRANK26….IQD UPDATE……12-18-23….TWO GOOD IDEAS"
KTFA
Monday Night Conference Call
FRANK26….IQD UPDATE……12-18-23….TWO GOOD IDEAS
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……12-18-23….TWO GOOD IDEAS
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 and Clare "Iraqi News" Friday 12-15-2023
KTFA:
Frank26: "COME & SEE ME FOR AN ANSWER... ON JAN 1ST 2024"...............F26
A banking expert answers: Is it possible to ban dealing in the dollar?
12/14/2023 Private|..
Banking expert, Mahmoud Dagher, on Wednesday, ruled out the possibility of the Central Bank of Iraq preventing dealing in dollars in the country.
Dagher told Jarida , “The Central Bank cannot prevent dealing in the dollar, as there is nothing in the banking law or in the instructions of the Central Bank that supports this approach, so they have no right, and dealing in the dollar will continue as dealing with the dinar.”
He stressed that “there are huge bank accounts for depositors in dollars, so it is unlikely to prevent dealing with it,” stressing the necessity of “arranging the status of the dinar instead.” LINK
KTFA:
Frank26: "COME & SEE ME FOR AN ANSWER... ON JAN 1ST 2024"...............F26
A banking expert answers: Is it possible to ban dealing in the dollar?
12/14/2023 Private|..
Banking expert, Mahmoud Dagher, on Wednesday, ruled out the possibility of the Central Bank of Iraq preventing dealing in dollars in the country.
Dagher told Jarida , “The Central Bank cannot prevent dealing in the dollar, as there is nothing in the banking law or in the instructions of the Central Bank that supports this approach, so they have no right, and dealing in the dollar will continue as dealing with the dinar.”
He stressed that “there are huge bank accounts for depositors in dollars, so it is unlikely to prevent dealing with it,” stressing the necessity of “arranging the status of the dinar instead.” LINK
Frank26: "MONETARY REFORM SPREADING LIKE AN AMOEBA INSIDE OF IRAQ!!!"............F26
Al-Rafidain clarifies regarding issuing electronic cards and opening bank accounts
12/13/2023 Baghdad
Today, Wednesday, Rafidain Bank issued a clarification regarding issuing electronic cards and opening bank accounts.
The bank's media office stated in a statement received by Al-Iqtisad News that "the process of issuing electronic cards and opening bank accounts is proceeding at an increasing pace from the bank's branches spread throughout Baghdad and the provinces." LINK
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Clare: Member of Parliamentary Investment: An economic forum in Iraq attended by giant foreign companies
12/15/2023
Member of the Parliamentary Investment Committee, Asaad Al-Bazouni, stressed the country’s need for investment projects in economic development, agricultural, industrial, and health fields.
Al-Bazouni told Al-Furat News Agency, “Basra is considered a good incubator for investment, especially foreign investment, as large foreign companies intend to invest in the province, and all of this requires security stability to attract investors.”
He stated that “the Ministry of Industry’s adoption of the Investment Partnerships Forum in the presence of investors and giant foreign companies is considered a good step with the presence of the security, investment and environmental incubator.”
Raghad Dahham LINK
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Clare: The Netherlands is considering concluding a memorandum of understanding for the entry of its companies into Iraq
12/15/2023
The Kingdom of the Netherlands is examining the possibility of concluding a joint memorandum of understanding with Iraq to facilitate the entry of its companies into the Iraqi market. A statement by the Federal Integrity Commission stated, “Judge Haider Hanoun discussed, on the sidelines of the tenth session of the Conference of States Parties to the United Nations Convention against Corruption, the possibility of instructing European companies to operate inside Iraq;
“There is a valid legal basis for work, as well as a serious confrontation of corruption, and a noticeable improvement in the security situation.” According to the statement, Hanoun referred to “the cooperation of international and regional organizations and their assistance to Iraq.” To confront corruption and limit its effects,”
Pointing to “the programs supported and funded by the European Union mission in Iraq, including the project to support justice initiatives to combat corruption and promote the settlement of commercial disputes, which aims to address the legislative and strategic gaps in combating corruption in Iraq, and improve the capacity and legal framework to conduct Commercial litigation, and engaging civil society, media, and citizens in constructive dialogue; In order to achieve reform in the fight against corruption.”
Hanoun called on the European Union mission to “continue communicating and cooperating with the Commission and supporting its investigators and training them technically through technological means through surveillance and photography, due to the importance of these tools in carrying out seizure operations and taking into account human rights.” LINK
Clare: Sudanese: Economic reform is the gateway to financial and banking reform
12/14/2023
The Prime Minister, “Mohamed Shiaa Al-Sudani,” said today, Thursday, that: “Economic reform is the gateway to financial and banking reform,” while noting that “the government is committed to providing the dollar at the official rate, and stressed its keenness to end the suffering Kurdistan employees due to the delay in their salaries”
Al-Sudani said in a televised interview followed by “Al-Mutalaa” that: “Conducting the population census is the first step in implementing Article 140 of the Constitution. It was postponed to May 2024 after it had been scheduled.”
It was held this year due to the provincial council elections,” pointing out, “It is time to remove the outstanding problems between Baghdad and Erbil, which lie in the border crossings and the budget.” He added, “We went to borrow from the Ministry Finance to pay the salaries of Kurdistan Region employees, and we are in favor of finding a solution with a legal amendment that considers Kurdistan Region employees as equal to the rest of Iraq’s employees,” stressing that “the government is keen to end the suffering of the Kurdistan employees’ salaries crisis.”
He stressed on the part of Another, “Economic reform is the gateway to financial and banking reform, and the issue of the exchange rate requires this reform, and we are committed to providing the dollar at the official rate to merchants, investors, contractors, students, and travelers.”
He pointed out that “95 percent of our trade now passes through Through the electronic platform, there are those who circumvent the law and buy the dollar at the parallel price. Because he does not want to apply legal procedures.” He stressed, “We will not accept that the official dollar price is equal to the parallel price; Because this encourages smuggling.”
Regarding foreign trade, Al-Sudani said: “There is no problem on the Iranian side in dealing commercially with Iraq in the dinar or toman currencies.”
He continued: “The problem of commercial transfers to Turkey was solved by opening accounts in the Turkish lira.” He stressed that “food prices maintained their stability, despite the attempts of manipulators to speculate on the price of the dollar.” LINK
Wednesday Night KTFA CC "FRANK26…..,12-13-23…….YOU CAN BANK ON IT"
KTFA
Wednesday Night Conference Call
FRANK26…..,12-13-23…….YOU CAN BANK ON IT
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…..,12-13-23…….YOU CAN BANK ON IT
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 and Clare from KTFA "News and Views" 12=13=2-23
KTFA
Frank26: "WHY... IS THERE A RATE CHANGE COMING???!!!"..........F26
Parliamentary Finance: Spending only 20% of the current year’s budget
12/12/2023 Baghdad: Shaima Rasheed
The Parliamentary Finance Committee revealed that the government has spent only 20% of the current year’s budget, and expected to release the rest of the budget on December 20, indicating that the government’s move towards currencies other than the dollar will reduce the pressure on demand for it and thus reduce its prices. (IF THE EXCHANGE RATE DOES NOT GIVE VALUE TO THE DINAR THEN THE GOI/CBI WILL SUFFOCATE EVERYTHING IN IRAQ!!! -F26 )
Committee member, Jamal Kujar, said in an interview with “Al-Sabah”: The government has spent only 20% of the current year’s budget, and it is assumed that after December 20, a good portion of the budget will be spent for a period of five days until the accounts are closed, noting that with the beginning of New Year Next year's budget schedules are sent. ( )
KTFA
Frank26: "WHY... IS THERE A RATE CHANGE COMING???!!!"..........F26
Parliamentary Finance: Spending only 20% of the current year’s budget
12/12/2023 Baghdad: Shaima Rasheed
The Parliamentary Finance Committee revealed that the government has spent only 20% of the current year’s budget, and expected to release the rest of the budget on December 20, indicating that the government’s move towards currencies other than the dollar will reduce the pressure on demand for it and thus reduce its prices. (IF THE EXCHANGE RATE DOES NOT GIVE VALUE TO THE DINAR THEN THE GOI/CBI WILL SUFFOCATE EVERYTHING IN IRAQ!!! -F26 )
Committee member, Jamal Kujar, said in an interview with “Al-Sabah”: The government has spent only 20% of the current year’s budget, and it is assumed that after December 20, a good portion of the budget will be spent for a period of five days until the accounts are closed, noting that with the beginning of New Year Next year's budget schedules are sent. ( )
He pointed out that the government's move towards currencies other than the dollar will facilitate the issue of trade, (THIS IS THE INTERNATIONAL BASKET!!! -F26 ) on the one hand, and push traders to deal with the platform (THE FLOAT!!! -F26 ) more and reduce pressure on the dollar instead of focusing on it, stressing that it will contribute to stabilizing its official price.
(REER!!! -F26 ) LINK
Frank26: "THIS IS A FIRST... FOR THE MONETARY REFORM PROCESS"............F26
The Central Bank decides to establish the National Company for Electronic Payment Systems in Iraq
December 13, 2023
The Board of Directors of the Central Bank of Iraq decided to establish the “National Company for Electronic Payment Systems in Iraq,” indicating that the company represents a qualitative development in the structure of the country’s financial infrastructure.
He stated that the new company will assume responsibility for developing, operating and managing the national electronic payment and clearing systems with high efficiency and adding new elements to serve the electronic payment environment.
He added that the role of the Central Bank of Iraq will revolve around organizing and supervising these systems, and that implementation will begin and the legal, executive and operational framework for the company will be established with the participation of all interested parties, in accordance with the Bank Law and the applicable legislative frameworks.
It is noteworthy that this step coincides with the rapid growth in electronic financial services and products and the increase in the number of users in accordance with the framework of the government program to support and adopt advanced electronic payment systems.
Central Bank of Iraq
Information Office
December 13, 2023
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Frank26: "NEXT YEAR THIS NUMBER WILL BE DOUBLED... BECAUSE OF IRAQ'S POTENTIAL IN THE WORLD!!!"..........F26
Central Bank of Iraq: Our imports from the UAE exceed $21 billion annually
12/13/2023
The Central Bank of Iraq revealed, on Wednesday, that Iraq’s imports from the UAE exceeded $21 billion in 2022, indicating that dealing in the UAE dirham will be with the same mechanism adopted with Turkey and India.
Assistant Director General of Investments at the Central Bank, Muhammad Younis, said in an interview with Shafaq News Agency, “Dealing in the UAE dirham will help cover our imports, which last year amounted to 21 billion and 478 million and 796 thousand dollars,” noting that “dealing in the dirham will avoid us dealing in the dollar, which "Subject to scrutiny."
He continued, "The UAE dirham will contribute to facilitating the process of financing trade from the Emirates and reduce pressure on the secondary market because many Iraqi merchants cannot transfer dollars to the Emirates, which is also subject to auditing and delays."
He pointed out that "the bank deals in the local currency of other countries. We started first with the Chinese yuan and we are in the final stages, and with Turkey in the lira, and with India also in the rupee."
The Governor of the Central Bank, Ali Al-Alaq, announced the agreement with the Abu Dhabi Bank Group to launch financial transfer operations between the two countries and finance trade and imports between Iraq and the United Arab Emirates in the UAE dirham currency.
It is noteworthy that First Abu Dhabi Bank is one of the largest and strongest financial institutions in the world, with a credit rating of AA-, and its total assets amount to about 300 billion US dollars. LINK
Clare: Kurdistan will suspend working hours starting December 25th
12/13/2023
Kurdistan Region: Disruption of official working hours starting from December 25 until January 1, 2024 on the occasion of New Year’s Day.
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Clare: Sudanese directs to link the Central Bank, customs and border crossings
12/13/2023
Prime Minister Muhammad Shiaa Al-Sudani held, before noon on Wednesday, a special meeting of the Networking Committee for Border Ports, in the presence of a number of government advisors.
A statement issued by Al-Sudani's office stated that the latter "listened, during the meeting, to a comprehensive presentation of the port networking project, the system designed to manage it and the unified and central database it provides, in addition to the possibilities of interconnection with the controls in order to enhance security and follow up on transit trucks."
The statement added that Al-Sudani "was briefed on the developed electronic declaration system, the smart tracking system inside the ports for trucks, and the obstacles to completing the project, which began work on in March 2023, and which will reduce time and limit financial corruption, smuggling operations and customs manipulation."
According to the statement, the Prime Minister stressed the need for the draft system to include broad automation in the processes related to border crossings, secure their work in a centralized manner, and create a unified examination image that contains all the required information, directing that reliance on the human factor be reduced to the maximum extent.
The statement continued that Al-Sudani "directed to accelerate the integration of the link between the departments, in order to reach a state of linkage between the Central Bank, Customs, border crossings, and all sectoral departments, praising the efforts made to complete the work of this system and implement it to its full potential." LINK
KTFA Monday Night CC "FRANK26…..12-11-23….1:1 …..IS TOOPIT"
KTFA
Monday Night Conference Call
FRANK26…..12-11-23….1:1 …..IS TOOPIT
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…..12-11-23….1:1 …..IS TOOPIT
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 "Saturday News" Posted by Clare at KTFA 12-9-2023
KTFA:
Clare: The Central Bank of Iraq refutes accusations of the disappearance of large amounts of local currency
December 09, 2023
Today, Saturday, the Central Bank of Iraq refuted the alleged accusations of the disappearance of large amounts of Iraqi currency and their smuggling to some neighboring countries, indicating that the quantities of Iraqi currency are printed according to the needs of the Iraqi economy and within strict standards.
The Central Bank noted that the issuance of Emaar bonds (the first issue), which were sold in full, was according to the needs of the Ministry of Finance and what was stipulated in the General Budget Law.
KTFA:
Clare: The Central Bank of Iraq refutes accusations of the disappearance of large amounts of local currency
December 09, 2023
Today, Saturday, the Central Bank of Iraq refuted the alleged accusations of the disappearance of large amounts of Iraqi currency and their smuggling to some neighboring countries, indicating that the quantities of Iraqi currency are printed according to the needs of the Iraqi economy and within strict standards.
The Central Bank noted that the issuance of Emaar bonds (the first issue), which were sold in full, was according to the needs of the Ministry of Finance and what was stipulated in the General Budget Law.
The Central Bank of Iraq stressed that it is the only institution in Iraq that is subject to audits of its accounts and operations from four parties: the Office of Financial Supervision, an international auditing company, a committee of external auditors, and the Internal Audit Department.
The bank pointed out that making accusations without providing any evidence to confirm them calls into question the intentions and aim of harming the state’s economic interests, stressing its legal right to prosecute anyone who promotes such accusations.
Central Bank of Iraq
Information Office
9 - December 2023
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Clare: Iraq offers Qatar investment opportunities in more than 7 sectors
12/8/2023
The Chairman of the National Investment Authority, Haider Muhammad Makkiya, discussed developing the horizons of joint cooperation in the investment sector with the Qatari Minister of Trade and Industry, Muhammad bin Hamad bin Qassim Al Thani.
Makiya stressed, according to a statement from his office, a copy of which {Al-Furat News} received, "the importance of bridging investment relations with the State of Qatar, in order to achieve economic integration in the development of major vital projects."
The head of the National Authority reviewed the opportunities available in Baghdad and the governorates, distributed across all sectors, including residential, industrial, transportation, railways, renewable energy, agriculture, and others.
The meeting discussed mechanisms for increasing areas of cooperation between the two countries in strategic project sectors that constitute a priority in Iraqi society.
For his part, theQatari Minister of Trade and Industry expressed his country’s readiness to cooperate in supporting the private sector in Iraq, through incentives, legislation, and promising and purposeful opportunities to encourage investors, businessmen, and company owners to Investment in the two countries. LINK
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Clare: Iraq and France are discussing enhancing economic cooperation and developing trade exchange
12/8/2023 Baghdad
The Federation of Iraqi Chambers of Commerce discussed with its French counterpart the strengthening of economic cooperation between the two countries.
The Federation of Iraqi Chambers of Commerce stated in a statement received by Mawazine News, “The President of the Iraqi Chambers of Commerce, Abdul Razzaq Al-Zuhairi, held a meeting with the Federation of French Chambers of Commerce (CCIF) and the representative of the French Business Center, in the presence of the Iraqi Ambassador to Paris, Wadih Batti, and the Vice President of the Council of State.” Abdul Latif Nayef, and a number of officials from both sides.”
The statement added, "The meeting discussed ways to enhance the prospects for economic cooperation and develop trade relations to serve the interests of both countries."
The Iraqi Ambassador, Wadih Batti, spoke about "expanding the horizons of cooperation and partnership between the two sides, and called for holding a specialized symposium at the embassy headquarters between Iraqi and French businessmen, sponsored by the embassy, on the occasion of the first anniversary of the signing of the strategic partnership agreement between Iraq and France."
In turn, the head of the Federation of Iraqi Chambers of Commerce, Abdul Razzaq Al-Zuhairi, called for “framing this cooperation with a memorandum of understanding, and providing support to open an office for the French Business Center in Baghdad.”
The French side expressed "their interest in the ideas presented, and expressed their readiness to work and expand the horizons of cooperation."
The two parties decided, according to the statement, “to form a joint committee to follow up on the implementation of the results of the meeting and prepare the proposed memorandum of understanding.” LINK
Clare: Federal Integrity The US Department of Justice hands over the names of defendants residing in the United States
12/9/2023
The head of the Federal Integrity Commission, Haider Hanoun, handed over to the American side a file containing requests for legal assistance and a list of defendants and convicts residing within American territory who are wanted by the Iraqi side.
A statement from the commission, a copy of which {Al-Furat News} received, stated: “This came during a meeting with the head of the commission with integrity experts in the US Department of Justice, where the two sides discussed forming committees between the two parties to study the files through joint experts from the commission and the American side on common issues, and then Referring the case to the judiciary if the committee is convinced of the conviction of the accused in the case.”
For his part, Hanoun expressed his "optimism to conclude a memorandum of understanding with the US Department of Justice, in order to exchange information and experiences for the purpose of support and documentation, and technical cooperation to prevent and combat corruption, enhance expertise, and hold training courses at the headquarters of the Iraqi Anti-Corruption Academy for members of the Iraqi regulatory bodies and employees of the agencies." counterpart in the countries surrounding Iraq.
Meanwhile, integrity experts at the US Department of Justice indicated “their awareness of the danger of corruption to state institutions in Iraq and its causing problems in the security and economic fields and the level of service provision to the people,” expressing their readiness to work with the State Department to complete the draft memorandum with the Iraqi side to provide support and exchange experiences, stressing that Their country will cooperate with Iraq to recover its smuggled money.” LINK
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Clare: Al-Sudani directs that officers and members of the holding units be referred for investigation and that the presidential regiment be replaced
12/9/2023
The Commander-in-Chief of the Armed Forces, Muhammad Shiaa Al-Sudani, directed the formation of a joint working team to investigate with security officials for the area in which the attack on the American Embassy and the headquarters of the National Security Service occurred.
The spokesman for the Commander-in-Chief of the Armed Forces, Major General Yahya Rasoul, said in a statement received by {Al-Furat News}: “Under the guidance and follow-up of the Commander-in-Chief of the Armed Forces, Muhammad Shiaa al-Sudani, and to determine the circumstances of the attacks that took place against the Embassy of the United States of America in Iraq, as well as the headquarters of the National Security Service.” And a number of neighboring residential buildings. A joint working team was formed to investigate with the security officials for the area in which the attack occurred. In this context, officers and members from the holding units and specialized detachments within this sector were referred to specialized investigative committees to hold those who were negligent accountable, while it was decided Replace the presidential regiment with a regiment from the special division to hold the aforementioned sector.
He added, "The working team, under the direct supervision of the Commander-in-Chief of the Armed Forces, continues to pursue the perpetrators of this criminal act, to arrest them and bring them to justice so that they receive their just punishment, and to serve as an example to everyone who dares to tamper with security."
He pointed out that "the security measures will be strict against the elements who committed this terrorist act, and they will be subject to the law, especially since the competent security services have reached important leads about them, and the security forces have also been granted broad powers to immediately confront any action that affects the security of diplomatic missions and locations where advisors are located." international community, and not to tolerate this matter at all.” LINK
Thursday Night KTFA CC " FRANK26…..IQD UPDATE….12-7-23……THE END"
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FRANK26…..IQD UPDATE….12-7-23……THE END
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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
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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
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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
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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