FRANK26….7-3-24……WHY 1500 ?
KTFA
Wednesday Night Conference Call
FRANK26….7-3-24……WHY 1500 ?
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Wednesday Night Conference Call
FRANK26….7-3-24……WHY 1500 ?
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#
Some “Iraq News” Posted by Clare at KTFA 7-3-2024
KTFA:
Clare: IT WAS REPORTED ON IRAQI TV BY EDDIE, THAT IRAQ WILL BE FULL MEMBERS OF THE WTO JULY 18TH IMO
FROM WTO WEBSITE:
During the visit to Baghdad, the Chair was informed that Iraq's initial market access offers on goods and services would be circulated soon, in preparation for holding the 3rd meeting of the Working Party in the middle of 2024.
The team in the Ministry of Trade will “take real steps that will shorten the path to Iraq's accession to the World Trade Organization and ultimately benefit from the advantages offered by this accession,” indicated Minister Al Ghurairi.
THU 18 JUL 10:00
Working Party on the Accession of Iraq
KTFA:
Clare: IT WAS REPORTED ON IRAQI TV BY EDDIE, THAT IRAQ WILL BE FULL MEMBERS OF THE WTO JULY 18TH IMO
FROM WTO WEBSITE:
During the visit to Baghdad, the Chair was informed that Iraq's initial market access offers on goods and services would be circulated soon, in preparation for holding the 3rd meeting of the Working Party in the middle of 2024.
The team in the Ministry of Trade will “take real steps that will shorten the path to Iraq's accession to the World Trade Organization and ultimately benefit from the advantages offered by this accession,” indicated Minister Al Ghurairi.
THU 18 JUL 10:00
Working Party on the Accession of Iraq
Clare: Central Bank urges reporting of corruption cases
July 03, 2024
The Central Bank of Iraq encourages witnesses, experts and whistleblowers to report corruption cases, in accordance with Article (9/Second) of the Law on the Protection of Witnesses, Experts, Informants and Victims No. (58) of 2017 regarding rewarding informants on corruption cases.
This bank indicates that the informant is rewarded for reporting corruption cases if it leads to their disclosure, within the basis of the reward and its amount in a system issued by the Council of Ministers.
Central Bank of Iraq
Media Office
3 - July - 2024
************
Clare: World Bank: Iraq maintains its status within the upper middle-income category
7/3/2024
The World Bank Group announced on Wednesday that Iraq has maintained its status within the upper middle-income category.
According to the bank's report for July of the current year 2024, which Shafak News Agency reviewed, "Iraq has maintained its level within this category since 2012."
The bank added that it classifies the world's economies into four income groups: low-income countries, lower-middle-income countries, upper-middle-income countries, and high-income countries, based on per capita gross national income. The measures of gross national income are expressed in US dollars.
She pointed out that "all the Gulf countries are within the upper high-income category. The bank stated that "this year, three countries - Bulgaria and Belarus - moved from the upper middle-income category to the high-income category."
Algeria, Iran, Mongolia and Ukraine moved from lower-middle-income to upper-middle-income countries this year. LINK
************
Clare: Securities Commission: The government has successfully completed the sale of financial bonds
7/3/2024
Baghdad
The Securities Commission confirmed on Wednesday that the government had successfully completed the sale of financial bonds, while indicating that many foreign investors had purchased those bonds.
The head of the authority, Faisal Al-Haimus, said: “The government has successfully completed the sale of financial bonds,” indicating that “all financial bonds that were sold were subscribed to, and this reflects the strength and stability of the State of Iraq.”
He pointed out that "there are many foreign investors who bought financial bonds, and this reflects the stability of the Iraqi state."
Government bonds are a type of debt-based investment where you lend money to a government in exchange for an agreed-upon interest rate. Governments use them to raise money that can be spent on infrastructure or new projects, and investors can use them to earn set returns that are paid at regular intervals. LINK
Clare: Despite the rise in the dollar, Saleh: The parallel market today is not important
7/3/2024
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed the stability of the dollar exchange rate against the dinar, despite its significant rise today, reaching 1,500 dinars.
Saleh told Al Furat News Agency, "The fixed exchange rate system in Iraq is based on the highest international reserves in the history of Iraq and its monetary policy, as foreign currency covers more than 100% of the total currency currently issued." He added,
"In light of the strength of the official central exchange market, the exchange rate of the dollar to the dinar in the parallel market today in our country does not constitute any relative importance in influencing the stability of the general price level, which has become stable in its components and trends due to the influence of the official exchange rate factor currently dominating the financing of foreign trade (imports), amounting to 1320 dinars per dollar."
He pointed out that "it is a stable trend for the exchange rate and the stable external value of the dinar revolves around it, which is embodied by the state of stability in the relative prices of goods and services to a large extent, as annual inflation in our country does not exceed 3%."
Saleh continued, "Based on the above, and in light of the strength of the foreign reserves supporting the Iraqi dinar, the value of which as liquid foreign assets exceeds $100 billion, the official exchange market, as a general trend, will remain dominant in containing any colored noise or ambiguous information that affects the parallel exchange market in short periods due to urgent international or regional political events here and there or in adapting some instructions regulating the monetary market.
Stressing that after the decline of the dollarization phenomenon in internal transactions, especially in contracts, obligations and payments within the country since last year and its legal prohibition."
He stressed that "the parallel exchange market has become such that its general effects today only form a narrow economic scope of prohibited transactions practiced by informal markets and at a rate of 10% of the total supply and demand transactions for the currency."
He stressed that "the stability of the exchange rate of the dinar to the dollar that the country is witnessing even in the secondary markets above is a real and solid stability, and is derived from the strength of the impact of the price and quantity factors of the monetary and financial policies and their integration in imposing overall price stability in the country and containing inflationary expectations that were caused by the parallel exchange market forces during the past years."
He noted that "the irregular secondary market, due to the freedom of external transfer, is affected by the official exchange market rate, whose operations are constantly expanding in favor of dealing with the fixed official exchange rate."
Raghad
FRANK26…..7-2-24…….I WANT TO SHARE
KTFA
Tuesday Night Conference Call
FRANK26…..7-2-24…….I WANT TO SHARE
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Tuesday Night Conference Call
FRANK26…..7-2-24…….I WANT TO SHARE
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#
FRANK26…….7-1-24…….LET’S TALK
KTFA
Monday Night Conference Call
FRANK26…….7-1-24…….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=MEd9AJzU0hU
KTFA
Monday Night Conference Call
FRANK26…….7-1-24…….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#
FRANK26…..6-30-24…….WHERE’s THE BUDGET
KTFA
Sunday Night Conference Call
FRANK26…..6-30-24…….WHERE’s THE BUDGET
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Sunday Night Conference Call
FRANK26…..6-30-24…….WHERE’s THE BUDGET
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#
FRANK26….6-29-24….IT’S TIME FOR THE BUDGET
KTFA
Saturday Night Conference Call
FRANK26….6-29-24….IT’S TIME FOR THE BUDGET
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Saturday Night Conference Call
FRANK26….6-29-24….IT’S TIME FOR THE BUDGET
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#
FRANK26….6-28-24….A HOLY BLESSING
KTFA
Friday Night Conference Call
FRANK26….6-28-24….A HOLY BLESSING
Iraq will be “officially” in the WTO by July 18th!!!
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Friday Night Conference Call
FRANK26….6-28-24….A HOLY BLESSING
Iraq will be “officially” in the WTO by July 18th!!!
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#
FRANK26….6-27-24……CHANGES!!!
KTFA
Thursday Night Conference Call
FRANK26….6-27-24……CHANGES!!!
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Thursday Night Conference Call
FRANK26….6-27-24……CHANGES!!!
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#
FRANK26….6-26-24………DO NOT TOUCH !!!
KTFA
Wednesday Night Conference Call
FRANK26….6-26-24………DO NOT TOUCH !!!
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Wednesday Night Conference Call
FRANK26….6-26-24………DO NOT TOUCH !!!
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#
FRANK26….6-25-24…..IT’S TIME
KTFA
Tuesday Night Conference Call
FRANK26….6-25-24…..IT’S TIME
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Tuesday Night Conference Call
FRANK26….6-25-24…..IT’S TIME
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Some Iraq News and Thoughts from KTFA Members 6-25-2024
KTFA:
BuckeyeTree: IMO, not only Iraq and Iraqis need their new exchange rate, but the world needs for Iraq to activate the new exchange rate with not only the amount of business currently contracted but additional business yet to contract. Business will benefit Iraq and those companies, and the countries connected with them will benefit. There are many inter-connections.
Sudani was talking about Iraq and sports interests which will bring more tourism and internationalism because Iraq has security and stability. It is an exciting time for renewal and becoming part of the First World for Iraq and Iraqis.
Therefore, IMO, the phrase at any moment fits even if it may be days away, but difficult to imagine the wait being weeks or months, not with new ATMs out in place and many of them. If the educational videos were made end of April just after US trip, the near proximal future seems to be not too far off, IMO, and July is almost here.
KTFA:
BuckeyeTree: IMO, not only Iraq and Iraqis need their new exchange rate, but the world needs for Iraq to activate the new exchange rate with not only the amount of business currently contracted but additional business yet to contract. Business will benefit Iraq and those companies, and the countries connected with them will benefit. There are many inter-connections.
Sudani was talking about Iraq and sports interests which will bring more tourism and internationalism because Iraq has security and stability. It is an exciting time for renewal and becoming part of the First World for Iraq and Iraqis.
Therefore, IMO, the phrase at any moment fits even if it may be days away, but difficult to imagine the wait being weeks or months, not with new ATMs out in place and many of them. If the educational videos were made end of April just after US trip, the near proximal future seems to be not too far off, IMO, and July is almost here.
We have the Liberty Bell in Philadelphia engraved with words from the Bible which include "Proclaim liberty throughout the Land and to all the inhabitants thereof." The upcoming period IMO will be a time of great prosperity and freedom from terror for Iraqi people. We wait to hear what is next on Iraq TV from Eddie plus bank friend. We will celebrate when the mission is accomplished. Can you imagine the celebration that will be in Iraq. IMO……Praise God.
Clare: Basra Council: We are serious about activating the law on Basra, the economic capital of Iraq
6/24/2024
The Basra Governorate Council confirmed its intention "to activate the law on Basra, the economic capital of Iraq, pointing to discussing the issue with the Prime Minister in order to activate this law."
The head of the Council’s Finance and Administrative Committee, Shukr Al-Amiri, said, “This is an attractive factor for foreign investment companies, given that Basra will be a corridor for international trade,” indicating that all of this encourages the economy, develops trade, and also provides job opportunities for many unemployed youth. .
Al-Amiri explained that the seventh economic conference in Basra Governorate comes in order to focus on economic activity in the governorate. LINK
************
Baghdad -
Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Tuesday, that the values of truth, social justice and equality of Imam Ali (peace be upon him) will be the approach of our government.
The Prime Minister said in a tweet followed by the Iraqi News Agency (INA): “I extend my sincere congratulations to our people and the Islamic nation, on the occasion of the blessed Eid Al-Ghadir, asking God Almighty to grant our country goodness, love, tolerance, and more progress and prosperity.”
He added: "By making Eid al-Ghadir an official holiday and a national occasion for all Iraqis, we are all recalling the lessons contained in the fragrant biography of Imam Ali bin Abi Talib (peace be upon him) in establishing the values of truth, social justice and equality, to be an approach for our government and a path to achieve the interests of our people." . LINK
Clare: A new Iraqi plan to return the green bird to the skies of Europe again
6/25/2024
The Iraqi Airways Company talked about a new plan to return the green bird to the skies of Europe again.
The Director General of Iraqi Airways, Manaf Abdel Moneim, said in a statement followed by Mawazine News, “The company resorted to a system called (wet leasing) to operate flights and transport Iraqis to Europe in light of the imposed embargo, and we relied on a plane leased from another country that is not subject to the embargo. For a period of 6 months, then the contract was terminated.”
He added, "During that period, we prepared an alternative plan to operate Iraqi aircraft to Europe through the 83 BIS Protocol, which means operating our aircraft under the umbrella of the aviation authority of another country that is not prohibited, and we contracted with Turkey, but we were surprised by Turkey's withdrawal and the refusal of the Turkish Civil Aviation Authority, as a result of the lack of interaction."
The Iraqi Aviation Authority corresponded with its Turkish counterpart, and the latter submitted a low evaluation report to the Iraqi Aviation Authority, and said, “We will not operate aircraft with this system.”
The director of the airlines continued, “After the Turkish Aviation Authority’s refusal, we resorted to the third alternative, which is registering the Iraqi aircraft with a state.” Others are not banned, just registration and not sale, and thus we can use its license to fly and operate our planes to Europe, but during that we received offers and emails from European countries that are not banned, to operate our planes under their umbrella,” pointing out that “the Iraqi Airways Company is continuing with this.” direction". LINK
*************
Clare: Parliamentary Finance for / Nina /: There is no real deficit in the general budget and its schedules
6/25/2024
The Parliamentary Finance Committee confirmed that there is no real deficit in the tables of the general budget law approved by the House of Representatives.
The Vice-Chairman of the Committee, Ikhlas Al-Dulaimi, said in a statement to the National Iraqi News Agency ( NINA ), that “the existence of a deficit in the budgets is within the usual ceiling, and this is called a planned deficit, not a real deficit that is not being implemented. Therefore, in this 2024 budget, the value of the deficit was 64 trillion dinars.” .
She added, "The House of Representatives approved the 2023 budget worth 199 trillion dinars, in which the actual expenditure to date amounted to approximately 150 trillion dinars, and therefore 49 trillion dinars is a planned deficit."
The Vice-Chairman of the Finance Committee confirmed, “The government and the Ministry of Finance addressed that deficit through the difference in the price of a barrel of oil, which the budget estimated at $70 and is currently sold for about $80, meaning a total of 16 trillion dinars, in addition to treasury bonds worth 20 trillion dinars and loans worth 5 trillion dinars.”
And a set of measures will cover the value of the deficit, and this was attached to the budget tables sent by the government and approved by the House of Representatives,” indicating that “there was no real deficit in the general budget and its tables, but it was only a planned deficit.” LINK