FRANK26……12-6-24……SUDANI CONTROLS

KTFA

Friday Night Conference Call

FRANK26……12-6-24……SUDANI CONTROLS

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

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

https://www.youtube.com/watch?v=N3Xbauv6vqI

KTFA Members “News and Views” Sunday 12-1-2024

KTFA:

Clare:  Members of the House of Representatives leave the parliament building in protest against the delay of sessions

12/1/2024

Members of the Iraqi Parliament decided on Sunday to leave the parliament building in protest against the delay in holding sessions.

A parliamentary source told Shafaq News Agency that a number of members of the House of Representatives expressed their dissatisfaction with the presidency of the House of Representatives and began to leave the building of the House of Representatives due to the delay of the session by four hours from its scheduled time.

He pointed out that all the representatives decided to leave the parliament building without waiting.  LINK

Clare:  The House of Representatives postpones its session until tomorrow, Monday

12/1/2024  Baghdad - I.A. 

The media department of the House of Representatives announced today, Sunday, the postponement of the session until tomorrow, Monday.

A statement by the department received by the Iraqi News Agency (INA) stated that "the House of Representatives decided to postpone its session until tomorrow, Monday."   LINK

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Opinion:

SThomas:  The BRICS have been talking about establishing a currency for a long time, essentially Biden’s entire term, but it has yet to materialize. The trade bloc represents half the world population and almost half its GDP, yet rather than moving forward with implementing a new currency they just continue to tease the world with the concept while demonstrating the viability of other options to exclude the USD from international trade settlement. Why?

Perhaps bc the plan was never to move forward with replacing the USD via a new world reserve currency, but rather to demonstrate its vulnerability against emerging technologies (crypto) and, more importantly, precious metal and asset backed currencies.

The whole de-dollarization movement is not designed to crush the USD, but rather to force its backing with tangible assets and to demonstrate the futility of using fiat-based sanctions as a weapon on the geopolitical stage against nations who actually back their monetary system with precious metals.

 It’s also been about showing the world that our entire debt-based system crumbles in on itself once foreign nations refuse to monetize it.

Remember that this is a movie and Trump has been working directly with the BRICS leaders all along. Imo …This is red meat for his base: coming out strong against de-dollarization and declaring the USD king. Do you really expect anything less?

Trump is once again demonstrating (albeit in the context of the movie) the art of the deal. He is establishing the terms of negotiations which will undoubtedly unfold once he is sworn in. But watch him pivot to the need for PM backed currency in the process.

He is not defending the fiat system folks; that’s why he is going to audit the FED and the IRS, why he has embraced the SBR, which will force the FED to fund the purchase of bitcoin to pay off the debt and, in the process, redistribute the real wealth the cabal has stolen from the people. This is the tool the WH chose to use in order to put the cabal’s assets into circulation for the benefit of humanity.

We all know that if the Fiat debt prison isn’t dissolved then we can never have a golden age, but there’s a reason Trump told us to get ready for one. Don’t be fooled by his rhetoric…it’s all part of the movie. He will go to the negotiating table and a new US monetary policy will emerge. IMO

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Clare:  With the document.. The Central Bank directs to stop financial transactions of TikTok agents inside Iraq

12/1/2024

The Central Bank of Iraq directed banks to stop incoming and outgoing financial transactions for TikTok agents inside Iraq.

On March 25, 2024, the Ministry of Communications announced that it had submitted a request to the Council of Ministers to block the TikTok application, noting that the application had contributed to the "disintegration" of the Iraqi social fabric and that it had no scientific or educational benefit and was merely an entertainment application.

It pointed out that "many countries had blocked TikTok, most notably the United States of America, in addition to Canada and other countries."  LINK

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Clare:  Rafidain begins distributing retirees' salaries

12/1/2024

Raidain Bank announced the start of distributing the salaries of civilian and military retirees for the current month of December through electronic payment tools.

The bank's media office stated in a statement received by {Al Furat News} that "retirees who receive text messages can receive their salaries from anywhere they are," stressing that the distribution process was carried out smoothly to facilitate procedures for beneficiaries.   LINK

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Clare:  2025 budget on the table of the Parliamentary Finance Committee and the Ministry of Oil

12/1/2024 Baghdad

Today, Sunday, the Parliamentary Finance Committee hosted the Undersecretary of the Ministry of Oil to discuss the draft federal general budget law. 

The Parliamentary Finance Committee hosted the senior staff of the Ministry of Oil and its Undersecretary for Extraction Affairs, Basem Mohammed Khadir, the Director General of the State Oil Marketing Company (SOMO) Khadir Abbas Abdul, the Director General of the Economic Department Alaa Al-Yasiri, and the Director of the Legal Department in the Ministry, Salam Hamdan.

The hosting came to discuss the draft law of the first amendment to the Federal General Budget Law for the fiscal years (2023-2024-2025) No. (13) of 2023.  LINK

Clare:  Monetary stability achieves economic stability and sustainable development

12/1/2024  Samir Al-Nusairi  

On the sidelines of the participation of the Governor of the Central Bank in the opening of the activities of the Arab Sustainable Development Week Forum in its fifth edition, which was held in the Egyptian capital, Cairo, this week, he confirmed that the monetary situation in Iraq is very excellent through the achieved indicators and basic goals on which the monetary policy is based in supporting the government’s orientations to diversify, stimulate and strengthen the national economy, and exit the circle of the rentier economy dependent on oil revenues, which constitutes a major flaw in the structure of the economy.

When there is no diversified production base in the important productive economic sectors, namely agriculture and industry, this cannot be achieved without a strong, solid, and developed banking sector capable of forming the main financing and investment link in financing, qualifying, and developing projects with a productive dimension and increasing the revenues of the general budget by rates exceeding 30% during the years of the National Development Plan 2024-2028.

This requires the necessity of activating the banking sector and stabilizing the pillars of the monetary position, which is in building “foreign reserves, which amounted to more than 100 billion dollars and 153 tons of gold, and constitute an adequacy ratio of 140% to enable the Central Bank to cover and support the defense of the exchange rate, achieve monetary stability, and cover imports, despite the difficult and complex circumstances surrounding the countries of the geographical region.

This enabled the Central Bank to control the general level of prices and inflation, which decreased from 7.5% in January 2023 to 3.8% currently, which is the lowest rate compared to inflation rates in Arab and regional countries, as the Central Bank continues to provide dollars for trade at the official price. It achieved a qualitative shift to regulate foreign trade financing.

New channels have also been opened for transfers using other currencies, such as Turkey, India and China, in addition to European countries. This will make the process of foreign transfers more flexible, streamlined, transparent, controlled and compliant with international standards that enhance confidence and credibility in the operations we carry out.” This means that the Central Bank is moving steadily towards achieving the objectives of monetary policy and achieving economic stability in accordance with Law No. 56 of 2004.  LINK

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Clare:  Parliamentary Integrity Committee accuses former Iraqi Central Bank employee of being behind US sanctions

12/1/2024

The Parliamentary Integrity Committee accused, on Sunday, a former employee of the Central Bank of being behind the banking sanctions imposed on some Iraqi banks by the US Federal Reserve. 

The number of banks sanctioned is 32 out of 72 banks operating in Iraq. 

Member of the Parliamentary Integrity Committee, Vian Dakhil, said in a statement received by Shafak News Agency, that a former employee of the Central Bank hid emails received from the Federal Bank, JP Morgan and Citibank to inquire about some topics related to the bank's work. 

She added that failure to respond to these issues led to some banks being punished, stressing that most banks do not know the reason for the penalties imposed on them. 

On the other hand, economic expert Mustafa Akram Hantoush told Shafak News Agency that the statements of the members of the Parliamentary Integrity Committee are closer to reality than the statements of the Central Bank of Iraq. 

He added that the collapse of the Iraqi banking system and the punishment of 32 Iraqi banks without any clear charges during a period of (a year and a half) is not normal and from the banking work perspective this may be the first incident of this kind in the world.

Hantoush pointed out that the worst thing is the lack of serious solutions by the Central Bank of Iraq to this situation, but rather the move towards cancelling the (Fitr) platform by the end of 2024 and handing over the dollar file to banks affiliated with foreign investors and banks (Jordanian and Gulf). 

Hantoush wondered whether the Central Bank of Iraq knows that by not finding solutions for the Iraqi banking sector, it will fire the mercy bullet at the entire Iraqi banking system and it will be punished as a whole, which will lay off nearly (100) thousand workers in the Iraqi private banking sector for the benefit of Jordan and the Gulf States, and why are Iraqi banks not guaranteed to open an account for them in the correspondent banks in dollars (Citibank / JP Morgan) like the countries of the region did.

He continued, "Why has the mechanism for cooperation and auditing with Ernst & Young regarding transfers in currencies other than the dollar not yet been determined and announced?"   LINK

FRANK26….11-27-24…..THE TRUMPET…

KTFA

Wednesday Night Conference Call

FRANK26….11-27-24…..THE TRUMPET…

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

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

https://www.youtube.com/watch?v=zE-A6YNPYr4

FRANK26……11-25-24……IN 2 WEEKS

KTFA

Monday Night Conference Call

FRANK26……11-25-24……IN 2 WEEKS

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

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

https://www.youtube.com/watch?v=Ksm0QN4i9Eg

Some Possible Exchange Appointment Questions compiled by KTFA Members 11-24-2024

Some Possible Exchange Appointment Questions compiled by KTFA Members 11-24-2024

(Dinar Recaps Note: This post is for informational purposes only.  It is not legal, tax or investment advice.  Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.) Some of these may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest:  Some you may want to save for your own personal records!)

Clare:  THESE ARE FRANK’S BANKS QUESTIONS THAT YOU MAY WANT TO SAVE FOR YOURSELF...

IF I DEPOSIT MY PROFIT IN YOUR BANK ............ HOW MUCH WILL YOUR FDIC COVER MY ACCOUNT

WILL YOUR BANK CONNECT ME WITH YOUR INSURANCE COMPANIES?.......

WILL YOUR BANK GIVE ME A CARD TO WITHDRAW UNLIMITED AMOUNTS?.............

DO I NEED APPOINTMENTS TO WITHDRAW CASH ?

WILL YOUR BANK ESTABLISH A CASH RESERVE FOR MY ACCOUNTS?......

YO YO YO MR BANKER ...... U ALL GOT "CDARS" TO PROTECT ME WITH ?......FRANK26

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 THE FOLLOWING QUESTIONS ARE FROM PREMIUM MEMBERS THAT WERE POSTED IN CHAT

1. Will you confirm the validity of my notes in house?

2. What is the spread?

3. Will they pay for the insurance on my money if I leave it in their bank?

4. How will you guarantee that my funds will be safe in your keeping?

 5. Can I have my bank accounts locked down and the only one that can see my accounts is the Manager and I?

6. If I leave my money here for a set time how much interest can I get.?

7. Can I get my dinar exchanged into the USDC. Digital Dollar and sent to my crypto wallet?

8. Will they guarantee to match any better offer from another bank, so I know I am getting the best deal available by banking here?

9. How many accounts can I open up at one time?

10. If I exchange all of my foreign currency through your bank, would you charge me any service fees for the exchanges???

11. What perks above and beyond what you give to regular customers can you provide to me if I deposit with you?

12. What can you offer me that another financial institute won’t? Why should I select your institution?

13. Transfer limits?

14. How much is it to insure my bank accounts from someone hacking into my bank accounts?

15. If I only exchange some now but will be back to exchange a lot more later could I get a better spread on first exchange too?

16. Can you provide space to store gold and silver?

17. What will be your fee..  will it be determined by funds remaining in account, or amount of conversion , or both??

18. Is there a dedicated contact number or person that I can speak with in regards to my account without being routed to a call center?

19. What type of timeframe is There when I request fund to be transferred to a outside Account and is there a transfer limit?

20. If for any reason your bank takes my money and then says the FDIC will help you(I don’t believe they will but not in my lifetime) what kind of policies do you have in place to stop this from happening?

21. Can use this with our exchanges, https://www.intrafinetworkdeposits.com/

22. Can I get separate guarantees at each of your branch banks my money is in by having separate accounts?

23. Can I have a non interest bearing account and only make bank withdrawals from my trust? Is it possible not to have a debit card for my account?

24. What type of protection do you offer for a hacking incident through your security into my account via debit card attack?

25.Is it better to get a credit card with a high balance to get instead of a debit card so no one can get a hold of my accounts, wouldn’t this be better option then a debit card?

26. How many cashier's checks can I get on the first appointment

27. Is there a way to keep local tellers from knowing how much money you have?

28. Will your bank have the necessary equipment in house to validate the notes at the time of exchange.

29. In the news there was some stories that certain bank(s) seemed to freeze accounts over someone’s political position, is that a concern here? (shame we have to ask this now a days) imo

30. Will you offer help with our tax questions?

31. Will you have any objections to come to my attorney’s office and be recorded while doing my exchange?

32. Bank? do you have De La Rue machine?

33. How many interest-bearing accounts can I have for compounding interest from the principal?

34. How many derivatives does your bank hold?

35. Would I have a dedicated person to inform me on the growth of the rate throughout the year?

36. Will we have free access to a wealth management team?

37. Bank? Will I get a no fee account if I deposit my money with you?

38. Can you guarantee that my account would not be used to train tellers?

39. What perks will I get with my account?

40. What high-yield accounts are available at the multi-million $ level?

41. At what deposit point $ (my deposits / others I direct to deposit) will I "NOT" have to pay a spread fee?

 42. Can you get me in SILVER OR GOLD for my currencies and I prefer not to keep them at home, how does it work for you to keep here? any charges, how quickly can I get it.

43. Will you pay for INS over the FDIC if I Keep it in your banks, will you have a group health ins for my family.

44. What type of accounts will be available to me? And can you offer transfers of funds outside the USA?

43. Contact information regarding Canadian Banks?

44. how many accts are insured up to $250.000.00 can I have .....

45. Would this account be fiduciary, meaning I have control?

46. What in-house Wealth Management services do you have to offer, and what information about them is available on line?

47. What must my net worth be, to be a part of your Private Bank and what are your fees based on Assets Under Management?

48. Should we bring in 1 IQD note to establish a relationship with the bank before bring in the rest of the IQD notes?

49. Do you have multicurrency accounts, and can we have one in IQD? If not, can we open one in a foreign account and once in IQD, can we send the deposit currier protected by the bank to deposit in their account as IQD?

50. Can we have that account in IQD tied to a bank card and use it in the US, getting the bank card exchange rates that are so low?

51. Do we need a Wealth Manager prior to our exchange?

52. Would it be best to get the trust set up prior to exchange

53: Can you give us an idea, by assuming only moderate risk what type of return we could get at different levels of investment left with your bank. Also, what would be the time period we would have to agree for, to get these returns.

54. How will the Bank handle a influx of exchange appointments with a unknown timeframe to exchange?

55. If several accounts are opened each with 250,000.00 due to insurance coverage if placed in trusts after one is established. Do they need separate EIN numbers?

56. When I buy my house, cars etc. what is the best rate and terms you will offer me. I believe in OPM if I can get a 1,2,3,% rate on what I borrow yet make 7,8,9,10% or more on my investments. Lets talk or should I say Negotiate! n my investments

57. If you are involved on a higher level investment platform with your bank, On average how often can you pull distributions from the investment? Annually, Qtrly, monthly, etc...

58. Does your bank participate in CDARs?

59. Why should I do business with you over your competitors?

60. If we as a Group come in and exchange our Dinars , will you drop the spread fee for the ones that would leave 50% of our exchange money in your Bank for not less than three years?

61. How soon after depositing or account opened will I be able to access funds, and will there be a limit placed on how much is withdrawn?

62. Can i deposit my ncsn (New small currency notes-lower denoms) in your bank ( floating)

63. How will you protect me & fight for me?

64. Can I open an account & place a few dinar in it, then hold the rest until I'm ready to fold?

65. If I exchange my Dinars here and have it deposited into my account in another Bank, What would the spread be?

66. Can I break a 25K IQD Note into smaller Dinar denominations, the same way one might break a $20 bill into smaller bills?

67. Is faxing used as alternative to emails for secure communication? (Olde school faxing)

68. Does your wealth management team set up electronic(digital) exchange capabilities for me(my investment accounts) with stateside brokerage firms that offer better (no) transaction fees between them and my foreign trading accounts?

69. Is a prudent amount for exchange be based on current debt levels? Should any amount or percentage of funds be held in reserve?? Thank You much.

70. Do you) have beneficiary accounts?

71. Will you be able to create "Clean & Clear Certificates to verify funds are legal.

72. Are you invested in derivatives? If so, which ones, and can the wealth manager give me a list of them and their 10 yr history of performance?

FRANK26……11-22-24…..THE T EFFECT…

KTFA

Friday Night Conference Call

FRANK26……11-22-24…..THE T EFFECT…

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

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

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

Iraq “Census News” posted by Frank26 and Clare at KTFA 11-20-2024

KTFA:

Frank26:  "IF SO... THEN THERE IS A NEW EXCHANGE RATE.".......F26

 Finance: Salaries may be funded after census holiday

 11/17/2024

An informed source confirmed, today, Sunday, that the Accounting and Budget Department in the Ministry of Finance is currently working to complete the process of financing the salaries of employees in government institutions.

The source told Al Furat News Agency that "if the work is completed, salaries will be released tomorrow, but it is most likely that this will be done after the census holiday, with work continuing on Fridays and Saturdays as usual during the salary funding release periods." 

From.. Raghad   LINK

Clare:  Iraq census curfew begins

11/19/2024

The curfew for the population census begins in Iraq.

The spokesman for the Ministry of Interior, Brigadier General Muqdad al-Moussawi, announced that the comprehensive curfew, as part of the general preparation process for the population and housing, will begin at midnight (12:00) on the 19th and end at midnight (12:00) on the 21st of this month.

The Supreme Security Committee for the Population Census also confirmed that the curfew will take effect at midnight on the 19th and 20th of November at 2:400, i.e. 12 midnight, and will continue until 2:400 on the 21st and 22nd of November, including the governorates of the Kurdistan Region.

It indicated that the movement of citizens, vehicles and trains will be restricted when the curfew enters into effect between governorates, districts and sub-districts, between urban and rural areas, and between sub-districts and sub-districts and vice versa, except for humanitarian cases, extreme necessity, and what is imposed by security, natural and climatic conditions.    LINK

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Clare:  Al-Sudani: We are living a historic day with the population census

11/20/2024

 Prime Minister Mohammed Shia Al-Sudani during his visit to the headquarters of the Ministry of Planning, the General Authority for Statistics and Geographic Information Systems to follow up on the progress of the implementation of the general population census:

We congratulate all the people on this entitlement that has been suspended for ages, and today is historic. 

We are living a historic day with the population census.

 Census lays the foundation for a new Iraq

 Religious authorities of all religions urged participation in the census.

 We have completed a modern census.

Population census is a process whose goal is purely developmental.

 We thank citizens for their cooperation and urge them to continue with the meters.  LINK

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Clare:  Prime Minister's Advisor: National development plans depend on census results

11/20/2024 Baghdad

The Prime Minister's Financial Advisor, Mazhar Mohammed Saleh, confirmed today, Wednesday, that the population census data will direct government investments to improve infrastructure and services, while indicating that national development plans will depend on the census results.

The Prime Minister's Advisor, Mazhar Mohammed Salih, said in an interview with the Iraqi News Agency, which was followed by "Al-Eqtisad News", that "the population census represents a basic strategic tool for achieving sustainable economic growth in Iraq."

He stressed that "the data resulting from this census will contribute to improving government administration, enhancing governance levels, as well as supporting investment and increasing the efficiency of resource use to achieve comprehensive economic development."

Saleh pointed out that “the comprehensive population census provides many essential axes that contribute to achieving these goals, the most prominent of which are:

1. The census helps identify areas that suffer from a lack of services and infrastructure, which directs government investments to improve these sectors, as these investments include water services, roads, electricity, schools, hospitals, and banks.

2. The census provides a detailed database for drawing up effective housing policies.

3. Through detailed data on the workforce, the government can develop policies to support employment, train workers, and stimulate productive sectors to serve the national economy.

4. The comprehensive population census allows for the collection of accurate information on the population size, its geographical distribution, age groups, and educational level, in addition to its contribution to helping the government and the private sector plan better, and determine economic priorities and optimal policies within national development plans, especially the 2024-2028 development plan.   LINK

FRANK26….11-19-24……NEGATIVE…

KTFA

Tuesday Night Conference Call

FRANK26….11-19-24……NEGATIVE…

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

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

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

Some “Iraq News” Posted by Clare at KTFA 11-17-2024

KTFA:

Clare:  Urgent  Parliament Presidency sets date for resuming sessions

11/16/2024

The Parliament Presidency set, today, Friday, the date for resuming sessions next week after the completion of the population census operations in the country.

The media department of the House of Representatives stated in a statement received by {Euphrates News} that "the Presidency of the House of Representatives affirms its full support for conducting the general population and housing census 2024, and urges the representatives to direct and encourage citizens in their areas to cooperate with the field teams affiliated with the Ministry of Planning to accomplish their tasks with the aim of making the census operations that will be conducted on the 20th and 21st of this month a success." 

The statement confirmed, "Given the presence of representatives in their governorates and the importance of the census, it was decided to resume the sessions next week after the completion of the population census operations in the country."   LINK

Clare: Al-Sudani approves 35 new service projects to be attached to 2024 projects

11/16/2024

Iraqi Prime Minister Mohammed Shia al-Sudani approved, on Saturday, adding dozens of new service projects to the 2024 projects in the capital, Baghdad, and other governorates.

This came during his chairmanship of the periodic meeting of the service and engineering effort team, according to a statement issued by Al-Sudani's media office.

The statement said that the meeting witnessed a review of the progress of the projects being implemented by the effort team, and the rates of achievement achieved in them. Approval was also given to 35 new service projects attached to the 2024 projects, which will begin implementation within 10 days in Baghdad and a number of governorates.

The Prime Minister stressed the need to complete the 2024 projects before the end of the year, noting that these projects must be implemented according to high standard technical specifications, in order to provide services to citizens in a qualitative and distinctive manner.  LINK

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Clare:  Industry confirms success by signing 4 investment contracts for strategic industries

11/16/2024 Baghdad

The Ministry of Industry and Minerals announced today, Wednesday, the launch of 256 investment opportunities through three conferences, while confirming the success of signing 4 investment contracts in strategic industries. 

The ministry's spokesperson, Dhuha Al-Jubouri, said in a statement received by "Mawazine News": "The Ministry of Industry held three conferences: the first was the Mineral Investment Conference in Baghdad under the patronage and attendance of the Prime Minister, during which 31 investment opportunities were launched. The second was the Industrial Partnerships Forum in the presence of the Prime Minister, during which 90 investment opportunities were launched. The third was the Baghdad International Forum for Industry and Mining, which was held a month ago, during which 135 investment opportunities were launched. 

" She added, "The ministry's vision regarding conferences is to present private investment opportunities in a transparent manner to the media in the presence of investors, businessmen and investment companies, in order to review all investment opportunities related to the Ministry of Industry and Minerals."

She added, "The submission of offers for these industrial opportunities is by investors, businessmen and investing companies, and the best is chosen after studying the offers," noting that "the ministry succeeded in signing a number of participation contracts on the basis of these conferences that it held in previous periods, and a number of participation contracts were signed for important strategic industries in the presence of the Prime Minister

 Including a contract to establish, rehabilitate and develop a refined sulfur production line in Nineveh Governorate for the Mishraq 1 field with a capacity of one and a half million tons annually of refined sulfur production, and a contract to produce the fertilizer project in Baiji and also Abu Al-Khaseeb fertilizers in Basra Governorate was signed, and a contract was signed for the glass and refractories construction project in Ramadi and the sodium carbonate production project, the foundation stone of which was laid this year with the expansion of the sodium and chlorine plant project in Al-Musayyab district in Babylon."

She stated that "these contracts came as a result of the conferences held by the ministry," explaining that "the offers presented at the last conference are under study and the best of them are being selected."   LINK

Clare:  Advance payment and tax benefits" .. This is how Turkmenistan will export gas to Iraq, the "rare customer"

11/16/2024

The Times of Central Asia reported on Saturday that Turkmenistan has signed what it described as a “binding agreement” for gas shipments to Iraq via Iran, after obtaining Iraq’s approval for an “advance payment plan and tax concessions.”

The newspaper pointed out in a report translated by Shafaq News Agency, the importance that Turkmenistan attaches to the agreement with Iraq, the "new and rare customer" that will import large quantities of gas from this country, which has the fourth largest gas reserves in the world.

The New York-based newspaper's report explained that Turkmenistan is reshaping its options for exporting natural gas, noting that despite its current ranking of 4th in the world, it is currently exporting a smaller quantity of gas than it did 16 years ago.

Mega projects

The report pointed out that the huge gas pipeline projects that were envisioned about 30 years ago, including the pipeline across Afghanistan to supply gas to Pakistan and India, and the pipeline across the Caspian Sea to transport gas to Europe, remain unfeasible for political reasons.

The report added that Russia was previously a major customer of Turkmen gas for most of the past three decades, but Moscow is now competing for some of the same potential buyers as Turkmenistan.

The report said that after Turkmenistan stumbled in its quest to find new markets, it now intends to sell gas to Iraq, by arranging a swap deal with Iran that includes bringing Iranian companies to Turkmenistan to build a new pipeline.

The report pointed out that while Turkmenistan was looking for new customers for gas, Iraq was not a potential buyer of gas until recently, noting that the Nabucco gas pipeline project, which has been stalled for about 15 years, had envisioned Iraq as a potential source of gas to Europe.

Interesting deal

The report described Turkmenistan's deal with Iraq as "interesting, and the only deal available for verification at the present time.

The report explained that since the two countries are not connected by any pipelines, Turkmenistan will ship up to 10 billion cubic meters of gas to Iran, which will in turn ship 10 billion cubic meters of Iranian gas to Iraq.

The report added that Turkmenistan signed what was described as a "binding agreement" for these gas shipments, after obtaining Iraq's approval for "an advance payment plan and tax concessions."

The report stated that about 40% of Iraq's gas imports in recent years came from Iran, indicating that the gas industry in Iraq is still in the recovery phase after years of war, and it needs imported gas to operate power plants in the country, noting that the sanctions imposed on Iran have made it difficult for Iraq to pay financial payments for this Iranian gas.

The report pointed out that there are two pipelines linking the gas fields in Turkmenistan to northern Iran. The first is the 200-kilometre-long Korbeji-Kordkuy pipeline, which was launched in 1997, and the second is the Dowlatabad-Sarakhs-Khanjiran pipeline, which was launched in January 2010.

However, the report explained that Turkmenistan was unable to ship the necessary quantity in the two lines, which have a combined capacity of 20 billion cubic meters. Its exports ranged between 6-8 billion cubic meters annually for years, while Tehran was paying for Turkmen gas through barter, exporting a range of goods, including food and engineering services to Turkmenistan.

The report stated that a dispute arose between the two countries in late 2016, as Turkmenistan claimed that Iran owed it about $2 billion for gas it received in the winter of 2007-2008, while Iran responded by saying that Turkmenistan was working to inflate the price.

The report explained that the winter of that year was extremely cold, which caused a severe shortage of gas in 20 Iranian provinces. Iranian media reported in December 2016 that “Turkmenistan exploited this situation to demand a 9-fold increase in the price, which led to the price rising to $360 from $40 per 1,000 cubic meters of gas.”

The report added that on January 1, 2017, Turkmenistan stopped gas supplies to Iran, and the two countries resorted to international arbitration, a case that was eventually settled in Turkmenistan's favor in June 2020.

The report indicated that Iranian and Turkmen officials are holding talks on gas, but after about 8 years, Turkmen gas exports to Iran have not resumed.

The report pointed out that shipping 10 billion cubic meters of gas from Turkmenistan to Iran requires maintenance and repair operations for the two damaged pipelines linking the two countries.

He added that officials from the two countries held a meeting in July 2024 to sign a gas transportation contract, an agreement that stipulates that “Iranian companies will establish a new 125-kilometer gas pipeline along with three gas pressure booster stations in Turkmenistan with the aim of increasing annual gas shipments to Iran to 40 billion cubic meters.”

According to the report, the Iranian companies participating in the project have not been identified, but this represents an exceptional step by Turkmenistan to allow foreign companies to implement such a project.

The report noted that increasing gas shipments to Iran to 40 billion cubic meters would require the construction of a new pipeline with a capacity of 20 billion cubic meters of gas, which would double the current total capacity of the two existing pipelines. It noted that another unclear issue is that only 10 billion cubic meters of this gas will go to Iraq, while the final destination of the remaining 30 billion cubic meters that Iran plans to import is not clear.

The report concluded that Turkmenistan is trying to sell gas to anyone interested, noting that among the countries mentioned by Turkmen officials as potential customers are Azerbaijan, Turkey, Afghanistan, Pakistan, India, Kazakhstan, and the European Union, but in a vague manner, adding that China is currently the main buyer of Turkmenistan's gas, supplying it with about 35 billion cubic meters of gas.

He pointed out that Russia has significantly reduced its imports of Turkmen gas since 2009, and Russia has also become Turkmenistan's main competitor for regional customers, including Kazakhstan and Uzbekistan, which are neighboring countries of Turkmenistan.

Afghanistan’s gas exports are also unlikely for now due to the lack of foreign investors. Turkmenistan also lacks the infrastructure to export its gas to Europe via Türkiye and Azerbaijan.

The report continued by saying that the 40 billion cubic meters referred to in the recent Iranian-Turkmen agreement could indicate that Iran will buy Turkmen gas again in the future, and in larger quantities than before, adding that the most secure deal that Turkmenistan can reach at the present time to increase its gas exports is the agreement with Iraq.

"It remains to be seen whether this swap arrangement, which includes Iran, can achieve the promised 10 billion cubic meters," he added.   LINK

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Clare:  Al-Alaq: 90% of Iraqi housing projects are funded by the Central Bank with 13 trillion dinar

11/16/2024

The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed on Saturday that 90% of housing projects in Iraq are financed by the bank, and have led to the activation of economic activity in the country, noting that the financing of housing, commercial and investment loans has reached 13 trillion dinars.

Al-Alaq said during his speech at the conference held by Al-Baidar Center for Studies under the title "Transition towards a flexible economy in Iraq", which was attended by Shafaq News Agency correspondent, that "there must be a comprehensive strategy that focuses on policies that create a real partnership between the public and private sectors and move to mobilize economic tools, whether in financial or economic policy."

He pointed out that "one of these tools is the state's general budget, which constitutes a fundamental pillar in determining the paths of the economy and growth and represents a real confrontation with the challenge," indicating that "the absence of planning has become a kind of challenge represented by the fact that flexibility in the spending aspect is limited, and this requires that there be an ability to cover actual and real spending."

He explained that "restructuring the budget is necessary because the state's public spending determines many paths and the shape of the different economic trends and confronts the changes that occur in this framework."

Al-Alaq pointed out that "the recent call by Prime Minister Mohammed Shia al-Sudani to restructure the state ministries and their laws is aimed at addressing the role of the government and ministries and participation in the public and economic sector."

He stressed that "there is talk about resources that could generate revenues for the state, if there was real efficiency and effectiveness in generating revenues, and that there are many sources and opportunities to enhance those revenues," indicating that "the intensification with the change that occurs in oil prices leads to a decrease in the state's general budget revenues, and is reflected in the investment budget, and considering that the other part is represented by salaries and wages, the decrease in oil prices affects investments."

He explained that "monetary and fiscal policy constitute economic policy and there must be effective coordination between the two policies to reach acceptable results," stressing that "the preparation of the general budget must be a basic partner in shaping its features, and this matter is largely related to the function of the bank. For example, the size of the deficit has a direct impact on monetary policy and this must be studied directly."

Al-Alaq concluded by saying, “Supporting private sector financing should be a key partner with the government to implement the economic program in many sectors, and the Central Bank launched the initiative to finance residential, commercial and investment loans, and this number reached 13 trillion dinars to finance projects, as 90% of housing projects in Iraq are financed by the Central Bank and have led to the activation of economic activity in the country.”  LINK

FRANK26….11-15-24……SUDANI TALKS

KTFA

Friday Night Conference Call

FRANK26….11-15-24……SUDANI TALKS

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

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

https://www.youtube.com/watch?v=zJaEiX39rMA

Some Iraq News Posted by Clare at KTFA 11-14-2024

 KTFA:

Clare:  Spain confirms cooperation with Iraq to establish Basra-Sharm El-Sheikh railway line

11/14/2024  Baghdad

Spain confirmed, on Thursday, its strong support for Iraq's strong return to the World Trade Organization and its efforts to do so, while indicating that cooperation with Iraq is not limited to railways, but rather in other fields and there are joint projects.

The Director General of International Trade and Investment in the Kingdom of Spain, Elisa Varela, said in a statement reported by the official news agency, and seen by "Al-Eqtisad News", that "there are very good companies in the field of railways, and we are cooperating with Iraq to extend the railway from Basra to Sharm El-Sheikh", noting that "we have a company working on connecting the railway between Najaf and Karbala, and we also have a company working in China that will carry out railway projects in other areas of Iraq in the near future".

She explained that "some of these projects are proposals, and there are signed agreements and cooperation in other areas, including facilitating transportation operations within Iraqi cities and facilitating the traffic situation in a good way so that it runs very smoothly".

She explained that "there are agreements to train Iraqis and sign other agreements that facilitate this aspect", noting that "we strongly support and promote Iraq's return to the World Trade Organization and we seek to do so".   LINK

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Clare:  Kurdistan Minister of Planning: The census that will decide the region’s share of the budget should not be politicized

11/14/2024

The Minister of Planning in the Kurdistan Regional Government, Dara Rashid, stressed on Thursday the necessity of not politicizing the population census scheduled to be conducted in all of Iraq on November 20 and 21, considering that this census will decide the region's share of the budget.

Rashid said in a press conference held today in Erbil, attended by Shafaq News Agency correspondent, that "the population census should not be politicized, and the rights of all other components in Iraq should be preserved," adding, "The decision of the Federal Council of Ministers regarding the census was not in accordance with what we demanded."

He added, "In the shortest time and with the least budget, we completed the necessary preparations to conduct the census," describing the Kurdistan Region's concerns about the census as "constitutional and legal."

Rashid also pointed out that the 1957 census will be the basis for the 2024 census, noting that the 1957 census will preserve the rights of all components.

The Minister called on the people of the region to cooperate in conducting the census, stressing that after the 21st of this month, no one can be registered in the census.

Rashid urged the residents of the areas covered by Article 140 of the Constitution (disputed) to go there and be present during the population census, noting that the Kurdistan Regional Government is providing facilities for the return of the residents of those areas to them during the census.

He went on to say that the population census will determine the region's share of the budget, which was reduced from 17% to nearly 12%, and that the population of the region, which has increased like the rest of Iraq, will become clear, noting that the census will increase Kurdistan's representation in parliament and the rest of the federal institutions and ministries.   LINK

Clare:  The Governor of the Central Bank meets his Turkish counterpart and the directors of some Turkish banks in Istanbul

November 14, 2024

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, and his accompanying delegation met with his counterpart, the Governor of the Central Bank of Turkey, Mr. Fatih Karahan, in Istanbul.

The two parties discussed the launch of new direct mechanisms for trade transfers between Iraq and Turkey, marking the beginning of a new phase in strengthening banking relations between the two neighboring countries.
During the meeting, His Excellency the Governor stressed cooperation in the field of settlements for users of Iraqi cards in Turkey, and urged Turkish banks to open accounts for Iraqi banks to expand financing channels for importing goods and services from neighboring Turkey.

His Excellency added that the Turkish Central Bank supports the steps of the Central Bank of Iraq in organizing financial operations between the two countries in a way that contributes to facilitating trade transactions.

In a separate meeting, His Excellency the Governor Ali Mohsen Al-Alaq and his accompanying delegation met with the general administrations of branches of Turkish banks operating in Iraq, stressing the need to expand fruitful trade options between the two countries, especially in the banking sector.

Central Bank of Iraq
Media Office
November 14, 2024

https://cbi.iq/news/view/2711

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Clare:  Al-Alaq urges Türkiye to open accounts for Iraqi banks

11/14/2024

The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, urged, on Wednesday, Turkish banks to open accounts for Iraqi banks to expand financing channels for importing goods and services between the two countries, stressing cooperation in the field of settlements for users of Iraqi cards in Türkiye.

This came during a meeting between Al-Alaq and the accompanying delegation with his counterpart, the Governor of the Central Bank of Turkey, Fatih Karahan, in Istanbul, according to a statement issued by the Central Bank of Iraq.

The statement said that the two parties discussed the launch of new direct mechanisms for trade transfers between Iraq and Turkey, marking the beginning of a new phase in strengthening banking relations between the two neighboring countries.

The statement quoted Al-Alaq as saying that the Turkish Central Bank supports the steps of the Iraqi Central Bank in regulating financial operations between the two countries in a way that contributes to facilitating commercial transactions.

In a separate meeting, Governor Ali Mohsen Al-Alaq and his accompanying delegation met with the general administrations of the branches of Turkish banks operating in Iraq, stressing the need to expand fruitful trade options between the two countries, especially in the banking sector.  LINK