KTFA Friday Night CC: "FRANK26….3-29-24…….GOOD FRIDAY"

KTFA

Friday Night Conference Call

FRANK26….3-29-24…….GOOD FRIDAY

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#

https://www.youtube.com/watch?v=5lMRAoPzc88

KTFA Wed. Night CC: "FRANK26…3-27-24….IQD UPDATE….UST…LET’S TRADE."

KTFA

Wednesday Night Conference Call

FRANK26…3-27-24….IQD UPDATE….UST…LET’S TRADE.

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

https://www.youtube.com/watch?v=Cq5zop6G3WM

KTFA Members "Wednesday Iraq News" 3-27-2024

KTFA:

Clare:  The Iraqi government raises the size of the 2024 budget, and Parliament is “surprised”

3/27/2024

The Parliamentary Finance Committee said on Wednesday that the Iraqi government had increased the size of the 2024 budget, noting that it was “surprised” by the decision.

Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, explained to Shafaq News Agency, “The Parliamentary Finance Committee hosted the Minister of Planning to discuss amendments, projects, and the reasons for the delay in sending the general budget law to the House of Representatives.”

He added, "We in the Parliamentary Finance Committee were surprised that the government raised the total amount of the budget law from 199 trillion dinars to 228 trillion dinars in the 2024 budget," explaining that "this increase is large, while what was spent in 2023 amounted to 142 trillion dinars."

He pointed out that "the members of the Finance Committee had an opinion regarding the hosting that the budget should be realistic and not just planning."

Al-Kadhimi pointed out that “raising the total amount in the budget law caused an increase in the deficit rate,” noting that “the budget is currently still in the corridors of the Council of Ministers and is expected to be sent to the House of Representatives next month.”   LINK

Clare:  Al-Sudani announces the movement of nearly 500 stalled projects in Iraq

3/27/2024

Prime Minister Muhammad Shiaa Al-Sudani announced, this Wednesday morning, that his government has begun moving hundreds of stalled projects in various sectors in all governorates of the country.

This came during his pre-dawn inspection tour of the Nisour Square project site, which is one of the projects to relieve traffic congestion west of the capital, Baghdad, accompanied by the Minister of Construction and Housing, and the official of the implementing Chinese Railway Company, according to a statement issued by the Sudanese Media Office.

The Prime Minister expressed his appreciation for the continuation of work 24 hours a day, with three meals a day, in order to speed up completion and bring the project into service.

Al-Sudani stressed, in a speech to the workers, that this project is one of the most accurate and important projects for the movement of citizens in the capital, praising the efforts of the workers on the site and the supporting parties that maintained the work in the spirit of one team.

He stated that the package of projects to relieve traffic congestion will contribute to reducing the waste of citizens’ time, reducing pollution in the capital, and facilitating the flow of traffic, stressing the necessity of maintaining engineering specifications in implementation.

The statement quoted Al-Sudani as saying, “The government is continuing to move the stalled projects in all governorates and all sectors, as more than 490 projects have been moved and returned to work in a record period of time. It is an approach whose results are being followed by citizens who see the seriousness and clarity in it.”   LINK

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Don961:  Welcoming Iraq's accession to membership in the European Bank

Economical  03/26/2024   Baghdad: Hussein Thaghab

Economic and financial experts in the public and private sectors unanimously agreed on the importance of Iraq’s accession to membership in the European Bank for Reconstruction and Development, and that in all cases it represents an important step that enhances its position within the global labor market. This accession comes at a time when the government and the Central Bank of Iraq are working to develop the Iraqi financial sector. And moving it to a better stage, commensurate with its economic weight on the global scene.

Executive Director of the Association of Iraqi Private Banks, Ali Tariq, told “Al-Sabah”: Iraq needs such important steps that strengthen its financial position, at a time when efforts continue in full swing to develop the performance of the national financial sector, and that such partnerships will have a positive impact on National financial sector.

He stressed that the European Bank for Reconstruction and Development is an important financial institution, and that joining in itself is a positive step that complements the development effort that the country seeks, as everyone realizes that Iraq is an important field of work and a destination for many major international companies, which requires us to work to keep pace with global developments in the financial sector.

He pointed out that the efforts of the government and the Central Bank to develop the local financial sector are continuing and at their strongest, and such steps reinforce these trends, as they bring closer distances with important financial institutions.

The Prime Minister's Advisor for Financial Affairs, Dr. Mazhar Muhammad Salih explained the benefits of Iraq joining the European Bank for Reconstruction and Development.

Saleh said to the Iraqi News Agency (INA): “There is a positive syndrome between building the development strategy that is embodied today by the government’s philosophy of launching a development initiative with comprehensive sectoral economic ties, which is called the (Development Road) project, which is the corridor and the strategic project that connects the countries of the European Union.” In Asia through Iraq and the Gulf sea lanes and vice versa on the one hand, and the requirements for implementing the various stages of the development path through the role that Iraq’s membership in the European Bank for Reconstruction and Development occupies on the other hand, especially in the preferences for obtaining European technology and ensuring the role of European Union countries’ companies in implementing the path. Development in all its aspects, whether in infrastructure, industrial production projects, and various logistical services.”

Financial and economic expert Dr. Salwan Al-Nouri described Iraq’s membership in the European Bank for Reconstruction and Development as important and strategic and puts Iraq on safe paths.

He said: Iraq cannot achieve sustainable economic development without the presence of important global partnerships that accelerate the implementation of development plans, by providing supplies that effort cannot provide. Locally, at the same speed as our local effort, which is represented by advanced technology and capital. Al-Nouri pointed out that the global effort can shorten the time and effort in the development process that Iraq seeks, as it has abundant capital and advanced equipment that can be used to serve the national economy, and this is not impossible, pointing out that such important partnerships with institutions have weight. On the global economic arena will enhance national development capabilities.

Economist Ahmed Maklaf said: Iraq’s accession to membership in the European Bank for Reconstruction and Development is a success in itself, as it contributes to changing the global outlook on the Iraqi business arena and moving it to a new stage, especially since many international banks are still afraid of being present in the Iraqi market even though they are... Realizes the importance of Iraq on the global economic scene.

An official pointed out that the concerned authorities in Iraq must work towards building bridges of cooperation with the largest international financial institutions and be present inside Iraq with a weight commensurate with Iraq’s economic size, especially since Iraq represents the focus of important work in the region and the world, and that bilateral partnerships with Iraq are of great benefit to all. the parties.

LINK

Don961:  Fiscal and monetary policies succeed in undermining the parallel dollar

Economical  03/27/2024  Baghdad: Haider Falih Al-Rubaie

The exchange rates of the dollar in the parallel market witnessed a noticeable decline, reaching yesterday, Monday, around 146 thousand dinars per 100 dollars, a number that specialists believe may decline further in the coming periods as a result of the success of the financial and monetary policies, stressing that the superiority of the official market, represented by the platform for selling the dollar. The Central Bank, in meeting the needs of foreign trade, led to a decline in the effects of the parallel market for the green currency, while specialists attributed the reasons for this decline to the introduction of the customs automation program (ASYCUDA).

 According to specialists, this decline constituted a positive factor in controlling the prices of goods and materials in local markets. They expect inflation rates to decline in the coming periods if monetary policy continues to succeed in meeting foreign trade financing.

In an image that confirms the solidarity of the executive and legislative authorities to confront the effects of the parallel market, the Parliamentary Finance Committee hosted earlier the Governor of the Central Bank, Ali Al-Alaq, to ​​discuss a number of important files, most notably the procedures for addressing the large gap in the sale of the dollar between the official price and the parallel market, as well as foreign trade remittances.

Through (the platform).” Al-Alaq indicated during the hosting that there were ongoing meetings with the US Treasury, and it was agreed to reconsider the sanctions imposed on Iraqi banks, and that such decisions should not be issued in the future except after discussing and informing the Central Bank of Iraq, as it concerned with monitoring its activity.

In the midst of this, the financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih, believes that “economic policy played a major role in imposing a climate of stability in the general level of dollar exchange rates,” indicating that “the state of superiority of the official exchange market in financing Iraq’s foreign trade caused a decline in the effects of the market.” Parallel and receding Its illegal activities.

Saleh pointed out to the Iraqi News Agency, “INA,” that “the decline in parallel market rates in favor of the official exchange rate is a tangible success in the cohesion of the country’s economic policy in its three aspects: financial, monetary, and commercial,”

Pointing out that “work and high coordination of policies led to providing an incubator of stability embodied in Relative price calm and containing seasonal price fluctuations for high-demand items, specifically providing basic goods related to consumption and daily living for citizens,” noting “the importance of using the customs policy, which was represented by (reducing customs tariffs and diversifying imports without quantitative limits for basic and necessary goods) as part of the performance of the financial policy in providing stability.” price and guarantee the supply of food and essential goods and production supplies at the official exchange rate and in accordance with the requirements of the national economy.”

Confirming the views of the government advisor, the economic expert, Manaf Al-Sayegh, pointed out that “the existence of coordination measures between the financial and monetary policies indicates the presence of a sound reading among the pillars of the Iraqi economy, and that the strategy that was developed to enhance the value of the dinar has begun to bear fruit.”

However, Al-Sayegh, during his talk to “Al-Sabah,” urged the necessity of knowing the real measures that led to the decline in the parallel exchange rate to ensure its sustainability during the coming periods, with the aim of absolutely controlling the green currency and preventing its rise again, stressing that this decline in the exchange rate could achieve a number of economic gains, The most prominent of which is controlling the prices of goods and materials in local markets, and reducing the rise in inflation rates during the coming periods, and therefore this is in the interest of Supporting individual economics.

Al-Sayegh pointed out that the past few days witnessed a clear decline in the demand for the dollar in the parallel market, which led to a decline in its exchange rate, indicating that the decline in demand resulted from meeting the needs of financing foreign trade by the Central Bank, and therefore the dinar can gain a lot during the coming periods if it is filled. Most of the external financing needs of the private sector.

In turn, the specialist in economic affairs, Dr. Ali Daadoush, attributed controlling the exchange rate and reducing it in the parallel market, to the recent measures represented by the introduction of the Customs Data Automation Program (ASYCUDA) system, stressing that this important government measure is an essential part of reducing the rise in the price of the dollar in Parallel market.

Dadoush also believes during his talk to “Al-Sabah” that “this decline will positively affect the level of per capita income, and will also push people who hoard the dollar to give it up and sell it, which could contribute to the continued decline in the exchange rate, indicating at the same time that this decline in the currency Green prices will ultimately lead to a positive effect of controlling the prices of some goods necessary for the individual, while the rest of the goods, especially luxury goods, will remain high as a result of their connection to global prices, which are high mainly as a result of global inflation.   LINK

Some "Tuesday News" Posted by Clare at KTFA 3-26-2024

KTFA:

Clare:  From Tuesday until Saturday.. Iraq announces the Eid al-Fitr holiday

3/26/2024

The Iraqi government announced the Eid al-Fitr holiday, which extends from the ninth of next April until the 13th.

The media office of the Iraqi Prime Minister said in a statement, received by Shafaq News Agency, that the Council approved considering the Eid al-Fitr holiday, starting from Tuesday, April 9, 2024, until Saturday, April 13, 2024, provided that official working hours will resume in all government institutions, On Sunday, April 14, 2024.   LINK

Clare:  Parliamentary Finance: Budget tables arrive before the Eid holiday

3/26/2024

The Parliamentary Finance Committee expected that the budget tables for the current year 2024 would arrive in the House of Representatives before the Eid al-Fitr holiday.

Committee member, Moeen Al-Kazemi, said in a press statement, “The 2024 budget schedules have not yet arrived from the government, even though we are in the month of March, and the government was supposed to send them before the end of last year and submit them to Parliament for approval,” noting, “The Ministry of Finance has completed The proposed amendments to the budget.”

He added that the Ministry of Planning has completed the investment budget and now the tables are in the body of advisors at the Prime Minister’s Office and have been presented to the Prime Minister, expecting that “the amendments to the 2024 budget will reach the House of Representatives before Eid al-Fitr.”

On March 13, the Ministry of Finance announced the completion of data related to the 2024 budget schedules, the inclusion of texts, and sending them to the Council of Ministers.

The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed {to Al-Furat News} that the House of Representatives’ approval of the budget schedules for the year 2024 does not hinder their implementation.    LINK

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Deputy: Al-Sudani will raise the issue of lifting sanctions against Iraqi banks in Washington

3/26/2024   Baghdad

 The representative of the Coordination Framework, Arif Al-Hamami, confirmed that Prime Minister Muhammad Shiaa Al-Sudani sought to negotiate directly with American officials to withdraw their forces from Iraq and end the tasks of the international coalition.

 Al-Hamami said in an interview followed by Mawazine News: “Al-Sudani will emphasize the security partnership and support of the Iraqi forces in the field of training and armament, and work to lift the American veto on Iraq’s contract to purchase advanced air defense systems,” indicating the existence of “an undeclared American veto so that The Iraqi sky is under American control and it penetrates it whenever it wants without any deterrent.”

Al-Hamami added, “Al-Sudani’s discussions in the White House will focus on the financial and economic file, especially related to the American sanctions on some Iraqi banks, and the impact of that on Iraq, and seeking to lift those sanctions and working to find a mechanism to pay Iraq’s foreign debts.”

The visit to Washington is considered a protocol procedure used by successive Iraqi government heads after the US invasion of Iraq in 2003, and it usually occurs in the first months of assuming office.

However, Al-Sudani’s visit, in his capacity as head of a government emerging from a political alliance (the Coordination Framework), which declared on more than one occasion his opposition to the United States and his work to remove its military presence from the country, may take it out of its usual context this time, especially since the files that Al-Sudani is carrying to Washington will not Be acceptable to America. LINK

Clare:  Preserving foreign reserves.. An Iraqi academic study answers the question “The stability of the Iraqi dinar against the dollar”

3/25/2024

At a time when the price of the dollar is still fluctuating between high and low, forcing the market to live in a state of some kind of confusion, because the hard currency constitutes an important tool in Iraqi trade, as it is a trade that depends on imports for most of the products in the local market, On Monday, a researcher whose master’s thesis was discussed at the College of Administration and Economics at Tikrit University put forward some possible solutions for controlling the price of the dollar, as his thesis came about the role of the central bank and the currency selling window, their role in stabilizing the dinar against the dollar, and the importance of maintaining foreign currency reserves. .

Researcher Ahmed Abdullah Akil told Shafaq News Agency, “The study aims to know and measure the extent of the impact of some of the central bank’s tools in achieving stability in the exchange rate of the Iraqi dinar against the US dollar during the period (2004 - 2022) in order to know the places of imbalance and negatives that hinder achieving Stability of the value of the local currency according to what is appropriate to the nature of the Iraqi economy, as the goal of maintaining the value of the local currency was the primary goal of the bank with the aim of maintaining the price level, which is essentially linked to the exchange rate of the local dinar against the US dollar.

He added, "The study variables were analyzed and measured according to the (Eviews 13) program, and it was found that there is a positive and significant relationship between some of the central bank's tools as independent variables and the official and parallel exchange rates as dependent variables in the short term, with some negative and positive correlations to some variables in the long term, as It was noted that some tools were ineffective in influencing the currency exchange rate, such as the legal reserve, the rediscount rate, and open market operations, but the effect of some of them was limited to inflation.

He pointed out that "while the effect of the interest rate and the window was positive on the value of the local currency as a result of its reduction in the nominal exchange rate, this indicates the ability of the central bank to influence the stability of the exchange rate of the local currency against the foreign currency, especially through the currency selling window throughout the study period, except for some In the last years of the study period, the nominal exchange rate rose again, and so did the parallel market, by decision of the monetary authority represented by the Central Bank, for the purpose of confronting public expenditures and confronting the repercussions of the global health crisis related to the Corona epidemic and the accompanying decline in oil prices, which is the main source of the dollar. America because of the rentier nature of the Iraqi economy.”

He continued: “It was also noted that the gap between the official exchange rate and its counterpart in the parallel market increased due to the increased demand for foreign currency, and the study presented a number of recommendations, the most important of which is continuing the operation of the window without excessive use of foreign reserves and diversifying the sources of obtaining foreign currency by pushing the wheel of development and activating the real sector.” Industry and agriculture, in order to achieve a reduction in imports, which reduces the depletion of the currency, in addition to tightening control measures to prevent the smuggling of foreign currency and actions that affect the supply of it, which contributes to the stability of the local currency exchange rate.”

He stressed that "continuing to operate the currency selling window without compromising on foreign reserves, and diversifying the sources of obtaining foreign currency so that the exchange rate does not remain hostage to oil prices as it is almost the only source of obtaining foreign currency."

He stated that "advancing the wheel of development in Iraq, activating the real sector, revitalizing industry and agriculture to reduce imports, relieving pressure on foreign dollar reserves, distancing the Central Bank from political pressures, granting it the necessary powers to deal with fluctuations in the economic situation, including exchange rate fluctuations, and tightening supervisory measures to prevent foreign currency smuggling." abroad so as not to affect the supply of foreign currency, and thus the value of the local currency.”   LINK

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Clare:  Signing an Iraqi-British agreement for joint cooperation in the stock market

3/26/2024

The Securities Commission announced, on Tuesday, the signing of a joint cooperation agreement with the British Chartered Institute for Securities, which includes the exchange of information related to financial training programs, confirming that the agreement represents a qualitative shift in the work of brokers in the stock market.

Deputy Chairman of the Securities Commission, Nagham Hussein, told Shafaq News Agency, “Today, the Iraqi Securities Commission signed a cooperation agreement with the British Chartered Institute for Securities and Investment, which stipulates the establishment of a framework for cooperation and exchange of information related to financial training programs for securities markets and services to develop and maintain capabilities.” HR". 

She added, "The articles of the agreement include the possibility of organizing training courses for Iraqi cadres to benefit from the experiences of financial markets in countries around the world, and developing the professional framework by imposing the qualifications of the Chartered Institute for Securities and Investment on local Iraqi institutes specialized in the field of securities."

For his part, Chairman of the Securities Commission, Faisal Al-Haims, told Shafak, “The agreement has been worked on by the Securities Commission for about a year. The signing of an agreement in cooperation between the Securities Commission and the British Royal Institute in licensing the capital markets is a highly professional certificate recognized in all countries of the world.”

He pointed out that "this agreement represents a qualitative shift in the work of brokers in the stock market in terms of stimulating the financial performance of companies and their ability to add new skills, not in the Iraqi stock market, but in other markets, both regional and global." LINK

KTFA Monday Night CC: " FRANK26…..3-25-24….IQD UPDATES…….M.A."

KTFA

Monday Night Conference Call

FRANK26…..3-25-24….IQD UPDATES…….M.A.

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

https://www.youtube.com/watch?v=_IHK8PYsI3Y

Some "Sunday News" Posted by Clare at KTFA 3-24-2024

KTFA:

Clare:  Natural resources in Iraq...a huge treasure neglected by an “official decision”!

3/24/2024

Economic researcher, Ziyad Al-Hashimi, confirmed that (mismanagement of natural resources) is one of the major problems that the Iraqi economy suffers from, as unfair government decisions deprived Iraq of huge billion-dollar revenues and global market shares.

Al-Hashemi said in a blog post on the “X” platform, followed by “ Jarida ”, that “(mismanagement of Iraq’s natural resources) and unfair government decisions have deprived Iraq of huge billion-dollar revenues and global market shares, as Iraq is ranked ninth in the world in terms of size.” It has natural resources within its territory, such as oil, natural gas, phosphate, sulfur, and other minerals.

He added, “Estimations indicate that the value of Iraqi natural resources reaches up to 16 trillion dollars, and this puts Iraq in a distinguished position among the countries of the world rich in natural resources, and despite these enormous wealth, there is official Iraqi negligence to invest in expanding exploration, extraction, production and export.” Many of these resources are natural, as the government’s focus is exclusively on oil.”

He explained, “For example, we find that there is deliberate neglect of the Iraqi phosphate sector (by official decision and for unknown reasons) despite Iraq’s possession of 9% of the global phosphate reserve, and phosphate exports can generate tens of billions of revenues annually for the Iraqi treasury.”

He stressed, “(Mismanagement of natural resources) is one of the major problems that the Iraqi economy suffers from, and it does not appear that there are any official Iraqi efforts to overcome the mistakes that caused billions in losses for this country and its economy, and until the Iraqi government wakes up from its slumber and begins to work diligently and effectively.” Iraq will continue to lose opportunities, shares, and money to other countries, which have greatly benefited from the absence of Iraq and its exports of natural resources from the global market.  LINK

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Clare:  Iraq and Kuwait are discussing enhancing trade exchange and encouraging investment

3/24/2024 Baghdad

The Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, and the Kuwaiti Ambassador to Iraq, Tariq Abdullah Al-Faraj, discussed today, Sunday, mechanisms for enhancing trade exchange and encouraging investment between the two countries.
The media office of the Acting Speaker of the House of Representatives stated in a statement received by Mawazine News: “

The Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, discussed, during his meeting in his office today, the Kuwaiti Ambassador to Iraq, Tariq Abdullah Al-Faraj, the overall situation in the two countries, the latest regional developments, and a number of... Files of mutual interest.

He added, "The meeting discussed enhancing trade exchange between the two brotherly countries, establishing a free market to stimulate this sector, and stressing the need to work hard to encourage investment within sustainability standards, in addition to continuing to hold joint committee meetings and exchanging visits between officials of the two countries to resolve some outstanding issues, in addition to exchanging Security information to reduce the threat of terrorism and the spread of drugs.

He continued, "During the meeting, there was also talk about the Kuwaiti National Assembly elections scheduled to be held early next month."

Al-Mandalawi expressed his “wishes for Kuwait’s success in this important achievement, and continued progress and prosperity in various fields.”   LINK

Clare:  Automation and strong internet...a necessity for reforming the banking system

3/24/2024   Baghdad: Hoda Al-Azzawi

The Finance Committee of the House of Representatives is conducting a very important investigation into the presence of fraudulent deductions from retirees’ salaries by informal associations, while experts in finance and economics unanimously agree on the necessity of a rapid move towards automating banking operations and preparing their infrastructure in terms of strengthening the global network “the Internet.” “As a necessity to reform the banking system.

The Rapporteur of the Parliamentary Finance Committee for the fourth session, Dr. Ahmed Al-Saffar, in an interview with Al-Sabah, praised “the steps of the Parliamentary Finance Committee to follow up and monitor the banking system and electronic dealings,” and added, “But I believe that the issue needs other steps to prepare the infrastructure and emphasize restoring confidence.” Citizen in Iraqi banks.

He stressed that "the banking sector in general needs radical reform and restructuring of the large number of unnecessary private banks that are not doing their proper banking work," calling for "keeping the real banks that are doing their work and supporting them and providing facilities to them."

He pointed out that "the other point is the emphasis on the issue of the Internet, because electronic dealing is completely linked to the presence of a strong Internet in order for electronic dealing to take place," stressing that "the citizen - until now - does not trust putting his money in banks, and the process needs to build confidence among the citizen and those... Then raise awareness and work to achieve or implement financial inclusion for the citizen by delivering banking services easily to him, starting with the category of employees, retirees, care salary holders, or others, and then moving to other categories.”

He stressed that "the Financial Committee's follow-up of violations and transgressions to steal retirees' funds is a very important step."

As for the expert in the field of anti-corruption, Saeed Yassin Moussa, he said in an interview with “Al-Sabah”: “The system for paying the salaries of employees and retirees needs periodic review, and one of the best ways is to adopt automation and use smart cards to pay and settle salaries, fees, and other financial activities, including commercial ones.” Pointing out that “forgery is expected in paper processes before salaries enter the electronic system, and an example of this is what happened in Anbar, the Martyrs Foundation there, and the Retirement Authority departments in the governorates.”

He explained, “The National Retirement Authority has an excellent experience in preparing the infrastructure for the retirement referral system, starting electronically from institutions through the presence of the Authority’s teams in ministries and public institutions in preparing retirement transactions for employees, with the employee referred for retirement being handed a review card to complete the retirement transaction at the Retirement Authority.” the public".

Moussa stated, “In these aforementioned steps, the possibility of forgery operations is very narrow and even non-existent, but the defect lies in the transactions of the wounded and martyrs through the forgery operations that were discovered by the Integrity Commission in cooperation with the Public Retirement Service, and I deem it necessary to subject all those who They were referred to retirement from this category for review and scrutiny, knowing that forgery operations are carried out through multiple mafias with the complicity of some employees in the relevant departments and forging the signatures of other employees.”

He added, "The process of fraud on smart cards remains. Here, it is necessary to protect the electronic system from hacking, review the banking system, and preserve the confidentiality of the retiree (the private code), while subjecting the relevant associations to periodic auditing, and deterring those who attempt to seize the funds of employees and retirees in loan and advance operations." And selling in installments.”

Last week, the Chairman of the Finance Committee, Atwan Al-Atwani, hosted, along with the committee members, the Director General of Rafidain Bank, Ali Karim, and the Managing Director of the International Smart Card Company to discuss electronic transactions.
A statement from the committee indicated that “the meeting discussed the issue of dealing with (unlicensed) associations, installment sales operations, and receiving advances, and the emphasis on preventing any tampering in the sales process, verifying the information of the advance applicant, and protecting customers’ money from fraud.”  LINK

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Clare:  Government spokesman: The Prime Minister will discuss 5 basic files during his visit to Washington

3/24/2024  Baghdad

On Sunday, the Iraqi government spokesman, Bassem Al-Awadi, detailed the agenda of Prime Minister Muhammad Shiaa Al-Sudani’s visit to Washington, while specifying 5 basic files that will cover the latter’s meetings with US President Joe Biden.

Al-Awadi said, in a statement reported by the official news agency, and seen by Al-Eqtisad News, that “the main topic of the visit of the Prime Minister, Muhammad Shiaa Al-Sudani, to Washington is to discuss the prospects for the future relationship after the international coalition, and then move to comprehensive relations between the two parties.” "Including the security, military and armament aspects."

He added, "The strategic framework agreement that was signed in 2008, the armament, security and military aspects were able to be the most important, but the framework is broader, so ending the mission of the international coalition will be the first file and then moving to comprehensive relations, and there is a complete legal basis in the agreement." 

He pointed out, "In 2008, the security, military, and intelligence aspects were implemented, but the move to various fields of cooperation includes investment, energy, economy, agriculture, and others, especially since the United States is a leading country in technology in all of these areas."

He pointed out that "among the files that will be discussed during the visit also are the financial file and what is related to the decisions of the US Treasury, the influence of Iraqi banks and the debts owed by Iraq, as well as the regional file and what is related to the Gaza war and Iraq's relations with neighboring countries and regional countries," stressing that " Five files will be basic and will cover the meetings in Washington.”

He stressed that "the Prime Minister does not want to go to Washington on a visit just for the sake of visiting, but rather he wants this visit to be successful and to produce realistic and effective results that will positively affect the Iraqi interior, reflect on the regional side, and develop the ABCs of the Iraqi-American relationship."

He noted that "the visit was scheduled to take place late last year, 2023, but the war on Gaza affected that, especially since the Iraqi positions are clear regarding the Gaza war, and the visit cannot take place at a time when the feelings of Iraqis and Arabs in general and the world are in solidarity and sympathize with the Palestinians, and therefore "It will lose its content."

He continued, "The American elections will begin next November, and usually American presidents, six months or more before the elections, refrain from receiving guests from abroad, and focus on the internal file, especially the elections. This year's elections in the United States of America are different from all previous elections, as nothing happened."

 In its history, a former president who lost in the elections returns, with a competition and a program different from the program of the Democratic Party, meaning that the American internal event has now occupied the American arena and the world with its repercussions, and thus, in light of this crisis, President Biden singles out a date for a meeting with the Iraqi Prime Minister, and interrupts his election campaign and mocks. "Several days for Iraq and the situation there, a clear indication of respect for the Prime Minister and Iraq's political and international standing." 

Regarding the seriousness of activating the strategic framework and scheduling the withdrawal of the international coalition, Al-Awadi said: “This file has been decided by the Iraqi and American parties, and the Iraqi government is 100% serious about this issue, and the Prime Minister cannot be flattering about this issue or debate it, as it relates to the future of Iraq and the sovereignty of Iraq.” The country is not manoeuvrable.

He stressed that "what the Prime Minister says is what he is working on, and he will discuss future relations after the international coalition, and the negotiations will lead to positive results and a timetable for withdrawal," stressing that "this fact cannot be doubted."

He pointed out that “Iraq has a position known to the world regarding the Gaza war, and the Prime Minister spoke about it in international, Arab and regional forums, and conveyed Iraq’s point of view and position on what is going on in Gaza,” noting that “the statement of the press secretary in the White House and the Prime Minister’s Media Office Regarding the Prime Minister’s visit to Washington, he pointed out that the regional reality in the Arab Levant region and our regional neighborhood affects Iraq.

He concluded by saying: “Iraq is a sovereign state, and the Prime Minister seeks for Iraq to play its appropriate role and position in proportion to its size in various historical, civilizational and humanitarian fields in the correct manner,” pointing out that “the American administration is working in this direction, and therefore regional issues will present at various levels.” LINK

KTFA Saturday Night CC: "FRANK26….3-23-24…..IQD UPDATE….CONTRACTS….LET’S TALK"

KTFA

Saturday Night Conference Call

FRANK26….3-23-24…..IQD UPDATE….CONTRACTS….LET’S TALK

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#

https://www.youtube.com/watch?v=kP4gLNntHr8

KTFA Wed. Night CC: " FRANK26…..3-20-24…..A MEETING"

KTFA

Wednesday Night Conference Call

FRANK26…..3-20-24…..A MEETING

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

https://www.youtube.com/watch?v=lt9E5GzoX1Q

KTFA Monday Night CC: " FRANK26……IQD UPDATE……3-18-24…..LET’S ROLL !!!"

KTFA

Monday Night Conference Call

FRANK26……IQD UPDATE……3-18-24…..LET’S ROLL !!!

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

https://www.youtube.com/watch?v=zqENNp63eY4

Frank26: ""THE ONLY SOLUTION IS A NEW EXCHANGE RATE WITH LOWER NOTES."

KTFA:

Frank26:  "THE ONLY SOLUTION IS A NEW EXCHANGE RATE WITH LOWER NOTES... AND THAT'S EXACTLY WHAT SUDANI & ALAQ ARE SAYING TO THE CITIZENS OF IRAQ!!!".........F26

An economist identifies the "ideal solution" to reduce the dollar difference between the official and the parallel

 3/15/2024

The economic expert, Bassem Jamil Antoine, identified today, Thursday, the “ideal solution” to reduce the dollar difference between the official and parallel ones.

Antoine told {Al-Furat News} that: “There is clear stability in the dollar exchange rates, and the difference between the parallel and official rates does not decrease easily.”

He stressed "the need to establish quick, firm and convincing measures."
Antoine stated, "Reviving the spirit of support between merchants and citizens and providing goods in the country from the public sector is the ideal solution to reduce the difference between the official and parallel prices."

From: Raghad Dahham    LINK

Frank26:  "EVEN THOSE THAT WERE AGAINST THE MONETARY REFORM ARE NOW FORCED TO TELL THE TRUTH!!!"..........F26

 After hosting the Governor... Parliamentary Finance: We look forward to raising the value of the dinar

 March 14, 2024  Baghdad

 Today, Thursday, the Parliamentary Finance Committee expressed its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market.

A statement stated, “The Finance Committee met under the chairmanship of Atwan Al-Atwani, in the presence of its members, with the Governor of the Central Bank, Ali Al-Alaq, to ​​discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”

At the beginning of the hosting, which was held at the committee’s headquarters, the Chairman of the Committee stressed “the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”

The Finance Committee expressed “its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, and to control the market in order to alleviate the burdens of citizens, and address the deficit.”

For his part, the Governor of the Central Bank reviewed “the economic and monetary aspect, pointing out” the establishment of basic rules in order to monitor the remittance process and analyze monetary operations, praising “the role played by the Finance Committee in following up on the country’s financial and economic movement.”

The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law.

Frnk26\   FAMILY... ALAQ IS ALSO TALKING ABOUT 1.32 & THE LOWER NOTES -F26)   LINK

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Frank26:  "KTFA FAMILY... BEHOLD... TODAY ALL THEY TALK ABOUT IS THE 1.32 & THE INTRODUCTION OF THE LOWER NOTES!!!  FINALLY... THE SOUND HEARD AROUND THE WORLD!!!".............F26

Among them concerns the dinar... the outcomes of Parliament’s finance meeting with the Central Bank

 03/14/2024 Baghdad

Today, Thursday, the Parliamentary Finance Committee expressed its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market.

The Media Department of the House of Representatives stated in a statement received by Al-Eqtisad News, “The Finance Committee met under the chairmanship of Atwan Al-Atwani, in the presence of its members, with the Governor of the Central Bank, Ali Al-Alaq, to ​​discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”

At the beginning of the hosting, which was held at the committee’s headquarters, the Chairman of the Committee stressed “the importance of following up on the economic file and monetary policy, based on the supervisory aspect, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”

The Finance Committee expressed its "aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, and to control the market in order to alleviate the burdens of citizens and address the deficit."

For his part, the Governor of the Central Bank reviewed “the economic and monetary aspect, pointing out” the establishment of basic rules in order to monitor the remittance process and analyze monetary operations, praising “the role played by the Finance Committee in following up on the country’s financial and economic movement.”

The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law.   LINK

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Frank26:  "THIS IS ALL THEY'RE TALKING ABOUT INSIDE OF IRAQ... ADDING VALUE TO THEIR CURRENCY!!!"........F26

Central Bank Governor: Establishing basic rules to monitor the remittance process 

 3/14/2024

The Governor of the Central Bank, Ali Al-Alaq, pointed out today, Thursday, the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.

The Media Department of the House of Representatives stated in a statement received by {Al-Furat News}, “The Finance Committee, headed by Atwan Al-Atwani and in the presence of its members, met with the Governor of the Central Bank, Ali Al-Alaq, to ​​discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.” 

Al-Atwani stressed, “at the beginning of the hosting session, which was held at the committee’s headquarters, the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.” 

The Finance Committee also expressed its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to alleviate the burdens of citizens, and address the deficit.

For his part, the Governor of the Central Bank reviewed the economic and monetary aspects, pointing out the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.

Al-Alaq praised "the role played by the Finance Committee in following up on the country's financial and economic movement." 

The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law.  LINK

Frank26:  "BEFORE THE DC TRIP... THE CBI & THE US TREASURY HAVE AN UNDERSTANDING"..........F26

 The Central Bank announces an understanding with the US Treasury to reconsider sanctions and indicates “illegal trade”

 3/14/2024

 On Thursday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, announced an understanding with the US Treasury Department to reconsider the sanctions imposed on Iraqi banks, indicating at the same time “illegal trade” that causes the stability of the dollar exchange rate.

Al-Alaq said during his stay in the Parliamentary Finance Committee, according to a statement received by Shafaq News Agency, that “basic rules have been established in order to monitor the process of external and internal transfers, attributing the instability of the exchange rate to the existence of illegal trade carried out by small merchants and some speculators, which is financed by withdrawing the dollar.” Cash from the market.

He added, "The foreign sanctions imposed on a large number of our local banks have hindered efforts and plans to open relationships and lines of communication with accredited international correspondent banks," pointing to "continuous meetings with the US Treasury, and an understanding was reached to reconsider the sanctions imposed on Iraqi banks, and that Such decisions should not be issued in the future except after discussing and informing the Central Bank of Iraq, as it is responsible for monitoring its activity.”

He explained, “We are currently coordinating with the relevant authorities regarding the implementation of the plan to regulate foreign trade,” noting that “the process of printing the local currency is carried out according to the required financial cover and in a way that balances the foreign and local currency and prevents any financial inflation.”  LINK

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Frank26:  "I AGREE WITH THIS... BECAUSE IN MY OPINION A NEW EXCHANGE RATE IS COMING IN THOSE DAYS.".........F26

Al-Kadhimi: We are waiting for the Council of Ministers to vote on the 2024 budget schedules and send them in the coming days

 3/15/2024

Today, Friday, the Parliamentary Finance Committee commented on Finance Minister Taif Sami’s announcement that data related to the 2024 budget schedules would be sent to the Council of Ministers.

Committee member Moeen Al-Kadhimi explained, in a press statement, followed by NRT Arabia, that “the Ministry of Finance sending data on the 2024 budget tables to the Council of Ministers means that its mission has ended and we are waiting for the Council of Ministers to vote on these tables and send them within the next few days.”

Al-Kadhimi added, “The Council of Ministers will speed up sending these tables to the House of Representatives, and we in turn will have access to them, and some amendments may be made to them, if there are any observations, and we cannot view these data, except after they officially arrive from the Council of Ministers.” “After he approves it.”

 Last Wednesday, the Minister of Finance, Taif Sami, announced the completion of data related to the 2024 budget tables, the inclusion of texts, and sending them to the Council of Ministers.

Sami said, “The data related to the 2024 budget tables has been completed, the texts have been included, and they have been sent to the Council of Ministers.” 

She stressed that she "will not launch funding for the salaries of Kurdistan Region employees for the month of March until after resettlement, and I do not disagree with the decision of the Federal Court."

 The Prime Minister, Muhammad Shiaa Al-Sudani, announced on February 20 that “the government is continuing to scrutinize the schedules for the 2024 budget, as the government carefully confronted the deficit within the 2023 budget.”     LINK

KTFA Friday Night CC: "FRANK26….IQD UPDATE ….3-15-24…..AT 10:39 PM EST….."

KTFA

Friday Night Conference Call

FRANK26….IQD UPDATE ….3-15-24…..AT 10:39 PM EST…..

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#

https://www.youtube.com/watch?v=geiMha5rOfI