KTFA Members "News and Views" Wednesday Afternoon 9-11-19

KTFA:

NanaCarol:  I just heard on Fox News that George Bush is about to lay a wreath at the 911 Memorial.  Maybe it will finally be his way of saying, MISSION ACCOMPLISHED.  

Radience:  What mission  ?

NanaCarol:  In essence, this particular Marshall Plan….imo

HoosierGirl:   I wonder how many of "We the People" really know the truth.  I wonder if it's more widely known than they could believe.  Maybe someday we will get the full truth. I hope.

Samson:  Trump asks Fed to cut rates to "zero or less"

11th September, 2019

US President Donald Trump believes that the Fed should cut interest rates at or below zero

Trump said in a tweet on social networking site "Twitter", on Wednesday, that after the Fed cut interest rates, the United States should start the process of refinancing debt

Trump stressed the need to reduce borrowing costs, "while the repayment period is prolonged

The president stressed that the United States has great currency, power and budget, and that Washington should always pay the lowest interest rate

Trump says there is no inflation and that it is only receding to the "naivety of Jerome Powell, the Fed does not allow us to do what other countries are already doing

"The opportunity comes once in a lifetime, and we are losing it because of stupid people," he said

The Fed cut interest rates last month for the first time since the global financial crisis, currently ranging from 2 percent to 2.25 percent

The US central bank is scheduled to hold a monetary policy meeting this month, amid expectations of a rate cut   LINK

**************************

Samson:   Newspaper: Beijing intends to buy American products for a business deal

10th September, 2019

A press report said it is expected that China agrees to buy more US agricultural products in the hope of reaching a better trade agreement with the United States

China is preparing for a new round of trade talks with the United States next month

Chinese officials are discussing the text of the deal, which will be reviewed when Chinese Vice Premier Liu He meets with US Trade Representative Robert Lighthizer and Treasury Secretary Stephen Mnuchin in Washington next month, the South China Morning Post quoted an unnamed confiscation as saying on Tuesday

The text is based on a draft negotiated between the two sides in April as part of the discussions, with China offering to buy US products in exchange for delaying a round of US tariffs and easing the ban, Huawei said

China could also provide more market access, better intellectual property protection and reduce industrial overcapacity, but would be more reluctant to make concessions on subsidies, industrial policy and reform of state-owned enterprises, the sources said

At a gathering of business representatives in the United States, Chinese Premier Li Keqiang said China wants a mutually acceptable solution to the trade dispute, noting that Beijing welcomes investment from US companies   LINK

Samson:   Survey: US companies cancel investment in China at an accelerated pace

11th September, 2019

Said a recent survey that some American companies in China are speeding up the transfer process Asttmarthm outside Beijing, with continued increased tariffs in damaging their business

More than a quarter of respondents, or 26.5 percent, said they last year redirected their planned investment, which was mainly directed at China, to other regions, according to the survey by the US Chamber of Commerce in Shanghai on Wednesday

This represents an increase of 6.9 percent compared to the results of the survey conducted last year, according to the report of the American Chamber of Commerce.

The survey showed that the highest degree of change in the direction of investments was seen in companies working in the fields of technology, hardware, software and industrial services

The survey, which included 333 members of the American Chamber of Commerce in Shanghai, was conducted from June 27 to July 25

The survey period coincides with US President Donald Trump and Chinese President Xi Jinping's agreement to resume trade talks and before the recent escalation of tariffs

According to the survey, US companies in China also said that restrictions on access to the domestic market made it difficult for them to do their jobs

Responding to a question about the best possible scenarios in the ongoing trade negotiations, more than 40 percent of respondents said greater access to the local market would be the most important outcome to help their business succeed     LINK

***************

Frank26:   SAMSON ......... TY AND WELL DONE !!! ..... TINK GAVE ME BIDEN/RUSSIA ............. THEY JUST KEEP MAKING ME LOOK GOOD EVERY DAY

Samson:  In a new scandal, Biden promised Putin Iraqi oil revenues in return for support for America's war

11th September, 2019
US Vice President Joseph Biden tried to bribe Russian President Vladimir Putin with Iraqi oil revenues seized at the start of the war in exchange for Russia's support for the 2003 invasion of Iraq, a report said on Wednesday .

Biden asked for a meeting with Putin and proposed a deal where all proceeds from Iraq's seized oil would initially go to cash-strapped Russia in return for Russian support for the invasion. Biden saw it as an offer that Putin would not be able to He rejected it, and he was disappointed that the Bush administration did not think about it. ”

According to a copy of the events at the Kennedy Library of Congress, Biden said he approached Putin and asked him the question: What if President Bush would actually agree that the first revenues coming from Iraqi oil would pay about $ 12 billion in hard currency, which The Russians need it directly? ”

"Putin's response at first was to reject the offer, but they ended up going into the details. Biden said Putin responded by saying, 'That's not how I build my policy, but let's talk about it'," he said. ”.

"Biden called the White House to convey his conversation with Putin, but he was disappointed that he did not reach the president of any of those details," the website said, adding that he believed Putin could have joined the invasion of Iraq if Bush had made the deal. "The proceeds that will cover the external debt have been repaid, and we agree that the Russians will be first, because they were starving."

Biden accused the Bush administration of rejecting his plan to buy Putin's support for oil money because of Bush's unwillingness to share resources, noting that "the reason why the president did not know about his plan is" because we thought this would go so far that we are going to war over oil, but That was a profit for American oil companies.”     LINK

Samson:  The Kurdistan government sets next week a date for the visit of its delegation to Baghdad to discuss the 2020 budget

2019/11/11 16:34

The Council of Ministers of the Kurdistan region, on Wednesday, next week as a date for the visit of the delegation of Erbil to Baghdad on the file of the financial budget.

A statement for his office, received (Euphrates News) a copy, that "the Council of Ministers of the Kurdistan Region held on Wednesday, its regular session chaired by Prime Minister Masroor Barzani, and at the beginning of the session, Barzani reviewed the results of the joint meeting between the Kurdistan Regional Government and the Kurdish blocs, which was held on the eighth This month in Erbil."

It was decided at the meeting, according to the statement, that "a delegation from the Kurdistan Regional Government visit to Baghdad next week, to discuss and exchange information on the file of the financial budget and the involvement of the region in the preparation of the draft draft by the Federal Ministry of Finance, with an invitation to the committees of finance, oil and gas, And legal representative to visit the territory." In the meeting also, "It was agreed that a delegation from the Kurdistan Regional Government will meet with the Parliament of the region on Thursday (September 12) to discuss the latest developments in relations between the federal government and the regional government."

In another aspect of the meeting, "the Minister of Planning in the Kurdistan Region presented a report on the census project to be conducted in Iraq in 2020, as the Minister highlighted the aspects of the project and the preparations of the region in this area, and in this light, the Council of Ministers decided to form a special committee to evaluate the census project Population with the importance of the observations of the Kurdistan region on the religious and national components in the region, and the Kurdish areas outside his administration (disputed areas)."    LINK

Iobey777:  OH YEAH!! IMO..THIS IS HUGE NEWS!!! ARE THEY GOING TO PLAN THE PARTY?!!!! MAYBE THERE WILL BE SOME FIREWORKS!!!

"Tuesday News" Posted by Samson at KTFA 9-10-19

KTFA:

Samson:  Details behind the movement of change Abdel Mahdi .. Victory: Abadi front - runner

10th September, 2019
The victory coalition led by former Prime Minister Haider al-Abadi, the scenes of the actual movement to change Prime Minister Adel Abdul Mahdi.

"There are influential political forces that started to move in order to find an alternative to the current prime minister," coalition leader Ali al-Sunaid said in a press statement. He stressed that "this alternative needs an Iraqi political consensus, as well as a regional and international consensus, especially by Washington and Tehran."

He pointed out, "What delays the withdrawal of confidence from Abdul Mahdi, is to find the appropriate alternative."

Al-Sunaid added that "Abadi is among the candidates for the post of prime minister of Iraq, after the withdrawal of confidence from Abdul-Mahdi, who is the front-runner."     LINK

***********************

Samson:  Great jump in oil prices

9/10/2019 9:51

Oil prices rose on Tuesday in world markets since the first of August, where the price of Brent barrel exceeded $ 63. The price hike comes after Saudi Arabia's new energy minister, Prince Abdulaziz bin Salman, announced his country's commitment to a policy of limiting oil production.

The Saudi monarch, King Salman bin Abdul Aziz, issued last Saturday, a royal order to relieve the Minister of Energy Khalid al-Falih from his position, and the appointment of Prince Abdul Aziz bin Salman bin Abdul Aziz Al Saud, succeeding him. Prince Abdul Aziz is known in the corridors of the oil industry as an accomplished negotiator with long experience in the conclusion of agreements within the Organization of Petroleum Exporting Countries.

Relations between Saudi Arabia and Russia have developed since 2016 after OPEC and a number of non-OPEC producers formed an alliance called OPEC +. Sources in the Russian energy industry have said that they do not expect a change in cooperation between Saudi Arabia and Russia, because the two sides are benefiting from these relations.   LINK

Samson:  Report: World Bank slashes Indonesia's economic growth forecast due to 4 factors

9th September, 2019

A report said that the World Bank lowered its economic growth estimates for Indonesia's lowest 5 percent next year, to be the lowest pace of growth since 2015

According to Bloomberg on Monday, the World Bank sent the forecast to Indonesian President Goku and Dodo this month, noting that the Asian economy's growth will slow to 4.9 percent next year

The estimates are lower than the World Bank's June forecast that Indonesia's economy would grow by 5.1 percent this year and next

The Indonesian government believes the economy will grow by 5.3 percent and 5.1 percent in the current and next two years, respectively

The World Bank said it had lowered Indonesia's economic growth due to trade and geopolitical tensions, as well as uncertainty about Brexit and the crisis in Hong Kong

The bank said these risks could cause negative economic shock and would lead to large capital inflows outside Indonesia at the most pace in a decade

Indonesia's reliance on foreign investment in stocks and bonds makes it more vulnerable to outflows when global risks rise, the World Bank said

The World Bank said the government should focus its efforts on stimulating foreign direct investment rather than reducing the current account deficit   LINK

********************

Samson: The World Bank's director is close to becoming president of the IMF

9th September, 2019

World Bank CEO Kristalina Georgieva is poised to become the IMF's director after the institution said it was the only candidate for the job

Georgieva, 66, has been CEO of the World Bank since early 2017 and has yet to interview the IMF board before giving her final approval

The IMF said in a statement on Monday: "The closing period for nominations for the post of Director-General last Friday and confirmed one candidate, Kristalina Georgieva, the current CEO of the World Bank and Bulgarian citizenship, ready to be considered a candidate

The IMF said it would like to complete the process of selecting the director of the International Foundation to replace Christine Lagarde by October 4

The main obstacle faced by "Georgieva" is that her nomination violates the rules of the International Monetary Fund that the director can not exceed the age of 65 years, but the Fund canceled that rule last Friday in order to facilitate her access to the presidency of the institution   LINK

Samson:  These are the most important files of Abdul-Mahdi's visit to China

10th September, 2019
Revealed a senior official in the Secretariat of the Council of Ministers, on Tuesday, the most prominent files in Prime Minister Adel Abdul Mahdi's visit to China scheduled for the end of September. "The visit will mark the launch of a new phase of economic, trade and investment relations with China," the official said.

The official expected, "the conclusion of eight huge agreements relating to projects in housing and infrastructure, especially in the destroyed cities, and rehabilitation of Iraq's factories stalled since 2003, as well as scheduling debts owed by Iraq in favor of China, which Iraq has obtained in the past six years and total value With benefits to over a billion dollars."

He pointed out that "China is willing to work in the areas of oil and gas, housing and infrastructure, to be dealt with Baghdad on the payment system, or the completion of an understanding on crude oil sales to Beijing, in the framework of the payment of dues companies or projects to be undertaken by China."

"If the visit is successful and the agreements are officially approved, it will be the most important international partnership agreement signed by Iraq for many years, especially with regard to the entry of Chinese companies to Iraq, which in turn will ensure its security and facilitate its work," the official said.   LINK

************************

Samson:  Baghdad is counting on the growth of Russian investment in the development of oil fields
10th September, 2019

Iraqi Deputy Foreign Minister Moayad Saleh said on Tuesday that Baghdad hoped Russian investments would develop in the country's oil fields.

"We hope that Russian companies will be more involved in the development of oil fields, for example, a Russian company has started to develop in the Ramadi area. We hope that the investments will reach 20 billion dollars," Saleh said during a meeting with the chairman of the International Affairs Committee of the Russian Federal Council. , By 2030

He added: "I know that an agreement is being prepared, a deal to produce oil in Ramadi with" Gazprom", which will participate in the development

Saleh pointed out that Baghdad calls on Russia to participate, intensively, and investment in various projects, and intensify economic diplomacy in order to participate in the development of Iraq

 The Iraqi Oil Ministry announced on Wednesday that it had initialed a contract to explore, develop and produce the 17th exploration patch in Anbar province in western Iraq with the Russian company "Stroy Trans Gas

The Deputy Prime Minister for Energy Affairs, Oil Minister, Thamer Abbas Ghadban, according to the ministry statement, that the exploration area 17 of the promising sites, where studies and preliminary information indicate the existence of oil reserves ranging between 2-4 billion barrels of oil equivalent, gas constitutes 60% -70 percent of it

 The company "Stroy Trans Gas" is keen to strengthen and increase the volume of cooperation with the oil sector in Iraq, and that this contract contributes to achieve this goal

It is noteworthy that Iraq and Russia , linked by the former since the Soviet era, distinct and close relations in various fields, including in the area of military cooperation - and the technical field of oil , electric power, agriculture and irrigation production, in addition to cooperation in the field of culture and science   LINK

KTFA Members "News and Views" Monday Early PM 9-9-19

KTFA:

Samson:  Tuesday is a public holiday for Ashura

8th September, 2019
The General Secretariat of the Council of Ministers announced on Sunday that the tenth day of Muharram Al-Haram, the anniversary of the martyrdom of Imam Hussein will be next Tuesday.

The Secretariat said in a statement that the Ashura holiday would be on Tuesday, not as social networking sites circulated that the holiday was on Monday.   LINK

*****************

Samson:  Tomorrow .. Baghdad and the provinces without markets and deserted streets

9/9/2019 11:53

Commercial traffic throughout the province of Baghdad and the central and southern provinces completely stop on the occasion of the tenth of Muharram.

And will close all shops until the time of the afternoon to commemorate the martyrdom of Imam Hussein (peace be upon him) the tribe of the Prophet (pbuh) and respect for the sanctity of this day. Entertainment venues, clubs and malls will also be closed. The Baghdad Operations Command decided to close clubs, nightclubs, coffee shops and liquor stores.

The Secretariat of the Council of Ministers announced today the suspension of official working hours on Tuesday on the occasion of Ashura. Believers celebrate Ashura tonight as the funeral processions spread throughout the central and southern provinces of Iraq.   LINK

**********************

Samson:  Barzani: Our talks with Baghdad continue to reach an agreement that guarantees the rights of the Kurds

9/9/2019 15:06

The head of the Kurdistan Regional Government, Masroor Barzani, on Monday, that talks with Baghdad continue to reach an agreement that guarantees the constitutional rights of the Kurds.

According to his media office in a statement received (Euphrates News) a copy of it, "The President of the Kurdistan Regional Government Masroor Barzani, received today, the Special Representative of the Secretary-General of the United Nations in Iraq, Jenin Hennes-Blachart." He added, "The meeting was discussed during a number of developments in Iraq and the region."

He continued, "The President of the Kurdistan Regional Government highlighted the relations between the Kurdistan region and the federal government," pointing out that "the meeting dealt with the situation in Kirkuk, and converged views on the importance of the implementation of Article 140 of the Constitution and the normalization of the situation."

Barzani said, "Our talks with Baghdad are continuing, and our main goal is to reach an agreement that guarantees our constitutional rights."    LINK

Samson:  Parliamentary Finance: Parliament is leading a move to spare the country significant economic risks

September 8, 2019 7:43 PM  Author: alzawraapaper

Baghdad / Al-Zawraa
The parliamentary Finance Committee, on Sunday, a government insistence on the adoption of the sale price of oil at $ 56 within the federal budget law for 2020, pointing out that Parliament is leading a move to reduce the price in order to avoid the expected deficit before the economic situation is exposed to significant risks. 

The committee member Hanin Kaddou said in a statement: that the decline in world oil prices and stability of up to $ 50 will negatively affect the general budget for next year.

Dollars. 
He added: The government is determined to adopt $ 56 as a price to sell a barrel of oil within the 2020 budget to achieve employment opportunities and complete service projects, noting that Parliament is leading a move to reduce the sale price of oil to avoid the expected deficit before the economic situation is exposed to significant risks.     link

***********************

Samson:   Iraq Stock Exchange rises at the close of trading on Monday

9th September, 2019
Ended the general index of the Iraqi Stock Exchange trading session on Monday to rise by 0.13%, at the level of 471.08 points, gaining about 0.61 points.

Out of the 103 listed companies, 28 companies were traded, 8 rose, 8 declined and 12 remained unchanged. The number of shares traded amounted to about 186,093,124 dinars, while the number of shares reached about 119,540,788 shares, the number of deals amounted to about 222 transactions. The number of shares purchased from non-Iraqi investors about 418 thousand shares worth about 25.094 million dinars through the implementation of 8 deals, on the shares of one company. The number of shares purchased from non-Iraqi investors in the second market 1 million shares valued at 2.600 million dinars through the implementation of 10 deals, on the shares of one company.

The number of shares sold by non-Iraqi investors in the formal market 6.834 million shares valued at 4.730 million dinars through the implementation of 8 deals, on the shares of two companies. The number of shares sold by non-Iraqi investors in the second market reached 1 million shares valued at 2.600 million dinars through the implementation of 10 transactions, on the shares of one company. LINK

Samson:  Iraq begins preparations for hosting the Conference of Arab Parliaments

9th September, 2019
The Committee on Foreign Relations of Parliament, on Monday, began to prepare for the preparation of the Conference of Arab Parliaments to be held in Baghdad next November, stressing that Iraq will seek during the conference to work to liquidate the Arab and international atmosphere in the region.

A member of the Committee Amer Al-Fayez said in a statement to the information, that "the Committee on Foreign Relations in the House of Representatives has begun to prepare for the convening of the Conference of Arab Parliaments, which will be held in Baghdad next November."

Fayez added, "The choice of Iraq to hold the conference is proof of the Arab confidence in hosting such a conference and thus is a diplomatic success added to Iraq after the elimination of terrorist groups such as ISIS and its sisters."

He pointed out that "Iraq will take advantage of the conference is an opportunity to clear the atmosphere and an introduction to the solutions to the Arab and international crises plaguing the region," noting that "Iraq has the potential to be a key mediator in contributing to find solutions."

**********************

Samson:  100 Tons in months .. China stores gold to face Trump

9th September, 2019
With the escalation of the already simmering trade war between the United States and China, a report told "Bloomberg" for US economic measures taken by Beijing, and cast a shadow over the whole world, through resorting to gold.

Since last December, China has added huge amounts of precious metal to its reserves, which has significantly affected gold prices, rising 18 percent since the beginning of the year.  Beijing has added more than 94 tonnes of gold to its reserves since last December, which could justify the rise in the price of gold since the end of last year.

Bloomberg quoted the People's Bank of China as saying. National Bank of Australia economist John Sharma said central banks, including China, had used the trade war as an incentive to try to diversify their reserves. "Gold provides an ideal protection," he said, while political uncertainty prevails.

The rise of gold, in line with the escalating US-China trade war, is a big sign that investors are worried about the state of the economy, and traders' appetite for bonds and gold shows investors are flocking to safe havens in times of turmoil. Gold is currently at its highest level since February 2013, indicating the impact of the trade war on the global economy, while central banks around the world have cut interest rates in a bid to combat the economic slowdown.

The International Monetary Fund, issued a list last June, disclosed the largest reserves of gold in the world. Although it is widely believed that the IMF has the largest gold reserves due to its importance in the economies of many countries, this international body occupies the third place after the second Germany, and the United States of America, which tops the list as follows:

China (1885 tons).
Russia (2168 tons).
France (2436 tons).
Italy (2451 tons).
International Monetary Fund (2814 tons).
Germany (3369 tons).
United States of America (8133 tons)  LINK

Sigshome:   very interesting !!! 
If they are buying gold shouldn’t we personally be buying it  ????  IMO yes

Cleitus:  But we are..., the US Treasury has, IMO, trillions of dollars worth of dinar as reserves. And, backed by plenty of gold from Iraq's untapped mineral resources.  As Frank stated on several occasions there are mounds of it underneath the earth that has yet to be reconciled in their GNP. To me who needs to buy it since we have "control" of it!

"Sunday News" from Samson at KTFA 9-8-19

KTFA:

Samson:  Today, Iraq chairs the 152nd session of the Arab League Council

8th September, 2019
Iraq will preside on Sunday the 152nd regular session of the Arab League Council at the level of permanent delegates in preparation for the meeting of Arab foreign ministers scheduled for Tuesday also chaired by Iraq. 

The meeting will discuss a number of important items concerning Iraq, namely taking a unified Arab position on the violation of Iraqi sovereignty by Turkish forces and an item on supporting internally displaced persons in Arab countries and Iraqi refugees in particular. Arab Anti - Terrorism System.

In addition to other items, especially the Palestinian issue and the Arab-Israeli conflict, this item includes following up the political developments of the Palestinian cause and the Arab-Israeli conflict, activating the Arab peace initiative, Israeli developments and violations in the occupied city of Jerusalem, as well as following the developments (settlement, wall, intifada, prisoners, refugees, UNRWA, Development) and supporting the budget of the State of Palestine and the steadfastness of the Palestinian people. LINK

*********************

Samson:  Today .. Meeting of the Government of Kurdistan on the 2020 budget

8th September, 2019
The Kurdistan Regional Government will hold a meeting on Sunday to discuss Iraq's budget for 2020 and the share of the region.

A Kurdish government source told Mawazine News that the Kurdistan Regional Government is holding a meeting today with Kurdish deputies in the parliamentary finance committee.

The source added, "The meeting comes to discuss the subject of the 2020 budget and the share of the region." He continued, "The discussions also include the issue of the oil file and the agreement with Baghdad on the share of 2020 before the agreement on the delivery of oil and imports of border ports."

LINK

Samson:  Kurdistan disruption of official working tomorrow

8th September, 2019
The Kurdistan Regional Government announced on Sunday, the suspension of official working hours in all institutions of the region on Monday.

The government said in a statement received (Mawazine News) a copy, that "it was decided to suspend official working hours on Monday, 9-9-2019 in all institutions of the region."

She explained, "This comes on the occasion of the revival of the tenth day of the month of Muharram."

LINK

**********************

Samson:  Parliamentary finance reveals a frightening figure for the 2020 budget deficit for the first time in the country's history

2019/9/8 8:24

The parliamentary finance committee revealed that the federal budget deficit for 2020 reached - according to the prototype - to 72 trillion dinars.

Committee member Jamal Kuger said in a press statement that "the next budget is different from the previous budgets in two things. First, the model will change any shift to the new method from (items) to (programs and performance) and will apply this method to only two ministries during the The second is negative, as it contains a lot of deficits and the deficit in the prototype budget reached 72 trillion dinars, which is a very high figure for the first time up to the deficit. Ara To this figure."

He added, “The Ministries of Planning and Finance are interested in studying the most important mechanisms and vocabulary that contribute to reducing this deficit because the more the deficit stops the movement of investment in the country and the more the operational budget increases, the less the investment budget”. He called the ministries concerned to cooperate with the Parliamentary Finance Committee to work to reduce and reduce the deficit rate.

As for the most prominent solutions that can address the deficit, Kojer explained: “There are a lot of (imaginary - space) who receive fictitious salaries and this situation can be addressed, and the second is to control the revenues of the border outlets that the Inspector General stated that there are 6 ports The government does not have any control over it after the official working hours; that is, the resources that come through it do not go to the state but to other parties, and the remaining outlets have great corruption.”

He continued: "The third solution is to shift the point of government from the government sector to the private, that is (why the government bears all salaries without charge ?!), For example, the electricity sector can be put to privatization on the condition that the investor should bear the burdens and salaries of the existing and existing staff The fourth solution is to fight corruption in a real way by seizing the funds of personalities who have reaped great wealth through the exploitation of positions as well as other mechanisms.”

Concerning external borrowing, Kojer pointed out that “the Finance Committee decided to stop external borrowing, because one of the most important The deficit is the repayment of interest on loans, where $ 19 million in interest will be repaid on loans that the country has not benefited from.”   LINK

***********************

Samson:  Five measures to solve the budget deficit 2020 .. Aliens and ports in the forefront

8th September, 2019
Revealed the Finance Committee in the House of Representatives, on Sunday, five measures to resolve the budget deficit 2020, in the forefront of getting rid of aliens and control of the outlets.

The committee member, Jamal Kuger, said that "there are a lot of astronauts who receive fictitious salaries and this situation can be addressed. The resources that come through it do not go to the state, but to other parties, and the remaining outlets have a great corruption. " He continued, "The third solution is to shift the point of government from the government sector to the private, that is (why the government bears all salaries without charge ?!) ".

Abizaid and Kojer: "The fourth solution is to combat corruption in a real way through the seizure of funds of personalities who have reaped huge wealth through the use of positions as well as other mechanisms."

On external borrowing, Kojer noted that "the Finance Committee decided to stop external borrowing, because one of the main causes of the deficit is the repayment of interest on loans.   LINK

Samson:  Inspectorate of the Interior reveal the disbursement of 165 million dinars with false retirement IDs in Diwaniyah

2019/9/8 12:03

The Interior Inspectorate announced on Sunday, the disbursement of 165 million dinars with false retirement IDs in Diwaniyah.

"The Office of the Inspector General of the Ministry of Interior revealed the existence of falsification of official documents and embezzlement of pensions using pension IDs and forged identification documents in Diwaniya governorate, which resulted in the seizure of pension salaries amounting to 165 million dinars," the inspectorate said in a statement received.

The Inspector General pointed out that "the Office of the Inspector General of the Ministry of Interior opened the Integrity Commission in order to refer the negligent employees of the National Retirement Authority to the judiciary and open an investigation in the case with those involved on how to pay pensions with false documents and without the presence of pension and recommend that they include the amounts lost and delivered in violation of the law.''

"The Office of the Inspector General is still investigating the issue of forged identities, which was adopted in the issuance of pension IDs to reach the perpetrators in order to bring them to justice." LINK

********************

Samson:  3 eggs with 100 billion .. Prices in countries with high inflation rates "astronomical"

8th September, 2019
In some countries, the economic situation is so late that citizens suffer from inflation, to the point where there are countries where billions of dollars are needed to buy a chicken.

In the following lines, we review the most prominent countries that suffer from huge inflation in their currency, which makes the process of buying and selling in their local currency requires huge amounts of currency: 

Zimbabwe

The Zimbabwean dollar is the worst in value against the US dollar. The US dollar is worth about $35 million (quadrillion) dollars. The value of interest to counter inflation has been rising in Zimbabwe, in previous years, with the printing of huge amounts of money to cover interest with the terrible inflation resulting from the increase in the salaries of state officials, up to 5000%, according to "Reuters." To illustrate the scale of the disaster in Zimbabwe, there are no more than three eggs worth $100 billion, and $100 trillion is not buying a parsley package.

Venezuela

Inflation in Venezuela reached abnormal levels, with the collapse of the currency, last year, under the administration of President Maduro. Inflation is that to buy a 2.4 kilogram chicken in Venezuela, you have to pay 14,600,000 bolivars ($2.20), toilet paper costs 2,600,000 bolivars ($ 0.40), and one kilogram of carrots cost 3,000,000 bolivars (0.46). Dollars), according to the network "Sky News". In addition, since last year, the minimum wage for employees, which is not enough to buy one kilo of meat, has collapsed due to runaway inflation, which could reach 1 million percent this year, according to IMF forecasts.

Iran

In the wake of the deterioration of the economy and the collapse of the currency rate in Iran, the Iranian government, subject to severe sanctions, approved a plan to remove the zeros from its currency, and replace the rial currency with the "toman" during the year. The Iranian government spokesman, Ali Rubaie, at a news conference in Tehran, "The government approved a bill to delete four zeros from the currency, and the Altoman will be our national currency," according to the site "Sputnik" Russian. One dollar is worth 154 thousand riyals in individual transactions.   LINK

KTFA Members "News and Views" Saturday 9-7-19

KTFA:

Samson:  ? Is this the denial we have been waiting for***

Revealing a study to delete zeros from the Iraqi currency .. The reason?
7th September, 2019

The parliamentary Finance Committee, a study to delete zeros from the national currency, but they ruled out the application at the moment for several reasons

"The proposal to delete the zeros has been submitted from the House of Representatives to the parliamentary Finance Committee in order to study the change of the national currency and all categories and the printing of new currencies, but the preliminary study showed that the costs needed by the project is great," the committee's rapporteur Ahmed al-Saffar said

He added that "the budget deficit for this year and Iraq's debt is one of the most important reasons that will lead to delay the deletion of zeros (three zeros)," noting that "the Finance Committee has assigned specialized bodies of monetary policy to study the project carefully to submit to the Finance Committee to be the main lines of this project, which Its beginnings go back years

Al-Saffar pointed out that "deleting the zeros is a project with psychological effects rather than being actual, as the citizen will feel that his money is compatible with the requirements of his life and the movement of supply and demand and equal to hard currency  LINK

MilitiaMan:  Every good RD/RV/RI has a good squirrel.. lol ~ Two days ago and last night they tell us they have inflation? ~ lol MM

Titus2mom4:  So since they're denying it like the Kuwaits did…. it'll happen at any moment maybe!!!

Jay:  When Kuwait did a similar move, the RI'd the next day around 3pm ish our time iirc. We shall see.

********************

Samson:  Kurdistan official downtime next Tuesday on the occasion of the tenth of Muharram

6th September, 2019
The Kurdistan Regional Government (KRG) announced on Friday the suspension of official working hours for one day next week on the occasion of the tenth anniversary of Muharram anniversary of the martyrdom of Imam Hussein, peace be upon him.

Government spokesman Gottiar Adel said in a statement received (Mawazine News), a copy of it, that "on the occasion of the tenth of Muharram coincidence, next Monday 9/9/2019 will be an official holiday in all government departments and institutions."

He added that "on Sunday, 8/9/2019, the ninth of Muharram will always be a regular in all institutions and departments and will not be a holiday in any way."   LINK

Samson:  Deputy: Iraq loses 20 trillion annually for mismanagement

6th September, 2019
Iraq is losing about 20 trillion dinars a year because of mismanagement, said MP Sairon Riyadi al-Masoudi on Friday.

Al-Masoudi said in his interview with Al-Marbad, the heads of the political blocs not to compliment the Prime Minister, while demanding to put the points on the letters and demand to resolve the issues related to corruption and the exclusion of the corrupt.

This was the deputy of the Alliance Saraon peace Shammari had confirmed earlier, on Friday, that the country is at a critical stage in need of concrete and concrete steps to restore normalcy.   LINK

 ********************

Don961:  Gold reserves

Friday 06 September 2019

Free Membership

The precious metal (gold) is one of the most important wealth that people are keen to acquire and retain throughout the history of humanity and for thousands of years, and the importance of gold, as one of the important wealth of States to this day, and is expected to continue its importance for long periods to come

It is known that all the central banks in the various countries of the world rely on gold, the dollar and the euro as well as a basket of other currencies as reserves, but the economic crises experienced by the global economy over the past periods of time proved that gold is a stable value and a safe haven largely compared to currencies.

In light of the current economic fluctuations caused by the US-China trade war, amid signs of a currency war that could prolong further depleting its value, the dollar is losing its dominant position in the global economy due to the transfer of the economy. China, led by the US, is approaching becoming the world's first economy.

From this summary presentation we can conclude that the dollar and the rest of the world currencies are no longer a safe haven for the reserves of the global central banks, unlike gold, which has proven to be a constant value, but rising over the years. The dollar as a reserve due to the vibrations that have been exposed to its value and what will be exposed to it in the future.

Recent data indicate that many central banks in various countries of the world began to increase their reserves of gold and the lack of excessive dependence on the dollar, which made its prices rise due to the appetite for buying it. 

Hence, the investment of the Central Bank of Iraq in gold is a guaranteed gain and puts these reserves in the safety box as it is a safe haven, and at the same time prefer to reduce dependence on the dollar as a reserve of guaranteed value as was the case in previous periods after the forefront of foreign currencies globally, which is what He began to lose this status that lasted for decades.

This is in line with the estimates of many sober financial institutions recently that the dollar has lost its global status as the world's first hard currency compared to other currencies.

Therefore, it is a pressing priority at the present time that Iraq is working to increase its investment of gold as much as possible, in order to keep pace with the changes in the field of safer reserves, which are heading to the yellow metal, which has long been and remains a safe haven in economic and financial crises and volatility across Time.   link

**

Samson: World Council: Five Arab countries, including Iraq, has about a thousand tons of gold reserves
7th September, 2019

The World Gold Council announced on Saturday that five Arab countries, including Iraq, have nearly a thousand tons of gold reserves.

"Saudi Arabia, Lebanon, Algeria, Libya and Iraq have the largest gold reserves among other Arab countries with a total of 996.4 tonnes," the council said in a survey published on its website in September.
 

He added that "the amount of gold reserves to Saudi Arabia amounted to 323.1 tons, while the gold reserves of the State of Lebanon 286.8 tons, while the amount of reserves for the State of Algeria 173.6 tons," noting that "the gold reserves of the State of Libya amounted to 116.6 tons, while the amount of gold reserves for Iraq 96.3 tons Tons."

He pointed out that "Iraq still maintains its 38th position globally with the largest gold reserves out of 100 countries included in the international financial statistics of global gold reserves, where these reserves amounted to 96.3 tons, which represents 6.5% of the rest of its other currencies."

The World Gold Council, based in the United Kingdom, has extensive experience and knowledge of the factors causing the market change and its members are composed of the largest and most advanced gold mining companies in the world.   LINK

KTFA Members "News and Views" Thursday Afternoon 9-5-19

KTFA:

Don961:  The Arab Monetary Fund lists Iraq in the Arab Capital Markets Database

September 3, 2019 7:41 PM Author: alzawraapaper

BAGHDAD / Zawra:

The Arab Monetary Fund revealed the inclusion of the Iraqi market for securities officially in the system of Arab financial markets database at the Fund, as of the beginning of September 2019.

The Arab Monetary Fund, in a statement, that the number of Arab financial markets joined the base Fund data rose to 17 markets with the Iraqi market joining.

The Iraqi Stock Exchange currently includes 95 companies, including 28 banks and 5 insurance companies, 23 services, finance and investment companies, two companies in the telecommunications sector, in addition to 21 companies in the industrial sector, 10 companies in the hotel and tourism sector, and 6 companies in the agriculture sector.

The total market value of the market at the end of 2018 about 11.356 trillion Iraqi dinars equivalent to $ 9.1 billion, and thus ranked 13th among the Arab financial markets in the market value. The Fund said that it began to calculate a special index for the Iraqi market for securities, based on data As at 31 July 2019 as a base period.

The sample of the index of the Fund for the Iraqi market for the securities of 43 companies, representing a market value of about 80 percent of the total value of the market as it is at the end of 2018.

It is noteworthy that the Arab Monetary Fund calculates in addition to the indicators of the financial markets joining its database, a general composite index, measuring the performance Arab financial markets combined, including the Iraq Stock Exchange as of September 1, 2019.  link

***************************

Iobey777:  lET ME JUST SAY....if you did not watch this YT...you MUST watch it tonight!!It was FANTASTIC!!! Loaded with good news!! Here is a quote from the CC tonight.."I'M SURE YOU WILL SEE IT TOMORROW" BECAUSE THEY ALREADY DID IT TODAY!" THANK you, FRANK and WALKINGSTICK and FF77  for the wonderful report tonight!!!

Frank26:  AMF HOW DO YOU LIKE ME NOW?

September 4, 2019

https://www.youtube.com/watch?v=0sOxE8QcR6g

 https://youtu.be/0sOxE8QcR6g?t=1

Samson:  The Central Bank Begins Steps to Join the Official Monetary and Financial Policy Forum (OMFIF)

5th September, 2019

The Central Bank of Iraq has begun steps to join the official forum of monetary and financial institutions (OMFIF) , an independent global think tank for central banks, pension funds and financial institutions with investment assets worth $ 36.2 trillion .

Membership in this forum provides insight into the key topics of investment in two integrated channels of analysis and meetings, through high-level exchanges and content, as well as participation in meetings with the International Monetary Fund, the Bank of England and the German Central Bank .

The accession process also benefits from capacity building opportunities for mid-level and senior staff. OMFIF develops projects for members in London, Singapore, Washington and other global financial centers.

Central Bank of Iraq information Office  September 5, 2019

https://cbi.iq/news/view/1261

Clare:  A BIG STEP IMO!

https://www.omfif.org/membership/

Engaging Global Public Investors

Membership comprises both public and private institutions, ranging from central banks, sovereign funds, multilateral institutions and pension plans, to asset managers, banks and professional services firms.

Members contribute actively, speak frankly, add value and learn from each other. Higher standards and a better understanding of the world economy are promoted in an atmosphere of mutual trust.

Membership offers insight through the complementary channels of analysis and meetings, where members play a prominent role in shaping the thematic agenda.

Iobey777:  WOW!! So many interesting and exciting articles today I can't single one out to comment on! I can see why Frank says they can't keep up with all the news!! The CBI is talking LOUD today!!Things are really heating up! IMO.....

********************

Samson:   Trump: Dow Jones would have risen 10,000 points without the trade war

4th September, 2019

President Donald Trump said that trade war with China have hurt the performance of the US stock market, but it was the face of economic practices that are harmful to the United States

Trump told reporters at the White House on Wednesday: "Let me tell you, if you do not want to do something with China, the stock market will rise by 10,000 points than it is now, but we are forced to do so

By 6:35 pm GMT, the Dow Jones industrial average rose 0.8 percent to 26,329 points

Trump increased tariffs on Chinese imports over the weekend in a bid to urge Beijing to resume talks on a long-term trade deal

The president said: "We will see what happens, if the Chinese want to make a deal they will make a deal, and if they do not want, this is good

Trump had previously said the Dow would have been 10,000 points higher if the US Federal Reserve did not raise interest rates last year   LINK

Samson: China and America to hold trade negotiations in October

9/5/2019 8:30 

Chinese and US negotiators will hold a new round of negotiations in Washington in early October, the Commerce Ministry said Thursday.

The announcement followed an earlier call between Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and US Treasury Secretary Stephen Mnuchin, the Commerce Ministry said in a statement on its website. Chinese central bank governor Yi Gang also took part in the contacts.

Trade teams from the two countries will hold consultations in mid-September, the ministry said, adding that the two sides agreed to take effective measures to create a favorable atmosphere. The negotiations, originally scheduled for this month, were postponed after the two countries exchanged new tariffs on September 1. LINK

********************

Samson:   With inflation jumping 500% .. President of Zimbabwe: economic reform is moving at the fastest pace

4th September, 2019

Zimbabwean President Emmanuel Mangagua stressed that economic reforms are going at the fastest pace possible, amid the suffering of the country's currency crisis and runaway inflation

In an interview with Bloomberg Television on the sidelines of the World Economic Forum in Africa, the president said they were moving at the pace that could be achieved

He continued: "We know where we want to go, and I am in charge of the country, and I must look at what is necessary to revive and develop our economy

Zimbabwe is suffering from a 230 to 570 percent inflation rate, economists estimate, and the economy is on track to record its first contraction since 2008

Mangagua pledged to re-engage with the international community and attract the investment needed to spur economic growth in the South African country

"There are resources at their disposal," Mnangagua said. "We have to use the resources we have, and we must create an environment to attract global capital

Zimbabwe has been hit by serious economic problems in the past period, coinciding with the abolition of its local currency (the Zimbabwean dollar) before it reintroduced earlier this year

On the other hand, Mnangwa pointed to the improvement of relations with the United States, saying: "I am pleased that the dialogue with the administration of US President Donald Trump is continuing, and happy with the progress made so far, which has not happened over the past 20 years

The removal of US sanctions, which apply to Mengagua himself, is one of the list of hurdles for the Zimbabwean president that he must tackle in order to revive the economy    LINK

Delta, MilitiaMan and KTFA Members Wednesday Night 9-4-19

KTFA:

DELTA:  ARAB CURRENCY EXCHANGE RATES AGAINST THE ARITHMETIC ARAB DINAR FOR 09/03/19

1 ARAB DINAR=4.08 DOLLAR
1 ARAB DINAR=3.73 EURO
1 ARAB DINAR= 1.24 KUWAITI DINAR
1 ARAB DINAR =3.39 BRITISH POND 

 NO IQD YET....

Rommy:  Arab Accounting Dinar Exchange Rates

The Arab Accounting Dinar (AAD) is the official and reporting currency of the Arab Monetary Fund. Its exchange rates are fixed by the Arab Monetary Fund (AMF) equivalent to three units of Special Drawing Rights (SDR) as determined by the International Monetary Fund (IMF).

DELTA:  IT'S VERY INTERESTING THAT YOU CAN'T ACCESS EXCHANGE RATE WHEN YOU TRANSLATE TO ENGLISH..BUT I WILL KEEP YOU FAMILY UPDATED EVERY DAY.... THEY ARE UPDATING EXCHANGE RATE EVERY DAY..

MilitiaMan:  That sounds good Delta, and we all like change, especially when comes to Iraq getting new coins to make that change.  lol

************************

Samson:  (past tense)

Rafidain Bank announces the amendment of the price table of banking operations

4th September, 2019
Rafidain Bank announced on Wednesday the amendment of the price table of banking operations.

According to a document by the Banking Operations Division of the bank, obtained by "tomorrow", "the amount of 500 dinars to be collected for every million Iraqi dinars are withdrawn by the owner of the cardholder Rafidain card."   LINK

Rafidain Bank announces the amendment of the price table of banking operations    LINK

https://books.google.com/books?id=lEU_AQAAMAAJ&pg=PA765&lpg=PA765&dq=what+is+a+price+table+for+banking+operations?&source=bl&ots=rHyKLSPG-U&sig=ACfU3U1euZNeyUzsRxWrjmlGH55KVxrQpg&hl=en&sa=X&ved=2ahUKEwiDmpHx77fkAhWUop4KHY0hA5kQ6AEwDHoECAkQAQ#v=onepage&q&f=false

MilitiaMan:  Page 765 of the link above shows some interesting things about price tables. It talks about or mentions, currency and coins. The above shows a past tense position they are now in and have completed, imo.. They announced a change in the price table. What would be affected by such a move?

Well, weighting of foreign currency would be one thing that comes to mind. Who would be doing such a thing? The CBI GOV would. I can just imagine now that he will speak of his accomplishments. Notice that we have not heard from the new CBI GOV to start his new positions, just yet? Well, imo this article may be an escort for that to be in short order. Frank and I spoke of this sort of thing, as he did last night in a UTV. 

The venue that is going to be broadcast throughout Iraq tomorrow may hold some very exciting things for the citizens and the world at large for that matter. I could see someone like Alak to be able to use the time frame of or at the start or even at half time in the game to show case a new Flag for the country!

A show case of the Flag at the start and a show case of what to expect in from the CBI at half time may be in the cards? A clear signal for unification with the north and south could be shown! A new currency could easily be show cased shortly there after is one idea for a possible scenario! The phones they carry could be triggered to alert each and every citizen of what they were told is to come and where to go look for it.  

So, by them telling us the fees they will charge the cards, is telling them a story. Fees are a part of a bank's price tables. By dropping the zeros may bring a price to the fee's of about .50c per $1,000.. Not a huge amount, but, collectively even a "remote viewer" could or would see it to be a huge money maker for the banks.. imo 

So lets see if the game brings us some more very exciting information at the start or at least within the time frame of the game!  lol ~ MM

MilitiaMan:  PS, A side bar from the US Embassy today was very supportive of Iraq... 

"US Assistant Secretary of State for Near Eastern Affairs David Schenker said Wednesday the United States is committed to respecting Iraq's sovereignty and religious authority

"Schenker visited Baghdad on Wednesday to discuss US-Iraqi relations during a series of meetings with Prime Minister Adel Abdul Mahdi, Speaker of the House of Representatives Mohammed al-Halbousi and Foreign Minister Mohammed," the US embassy in Baghdad said in a statement received. the wise".
"The United States government respects the diversity of religious beliefs in Iraq and is committed to helping promote interfaith dialogue and tolerance," he said.

Assistant Secretary Schenker also reiterated the "respect of the United States for the important and permanent role played by the religious authority in Iraq."

"US military forces in Iraq are part of the international coalition to defeat ISIS at the invitation of the Iraqi government. Our strong partnership with Iraqi security forces that respect Iraq's sovereignty helps achieve our common goal of defeating violent extremist groups like ISIS," Schenker said.
Before leaving, Assistant Secretary Schenker held a meeting with embassy staff in"

********************

Samson:  Iraq signs a Memorandum of Understanding with the Bankof Korea for Export and Import

9/4/2019 18:14

Planning Minister Nuri Sabah al-Dulaimi, on Wednesday, the minutes of a meeting and a memorandum of understanding with the Bank of Korea for export and import.  This came during a meeting in Seoul, the governing body of the Korean Export-Import Bank (KEXIM).

A statement from his office, which received (Euphrates News) a copy, that "was signed during the meeting minutes of the meeting, which included the vision of cooperation in strengthening national capacities and financing investments throughout Iraq, and the signing of the necessary memorandums of understanding with the relevant authorities in the Iraqi government to achieve this."

Al-Dulaimi said during the meeting "priorities of the government program in investing international support towards the rehabilitation of basic services and improve the reality of services in all provinces, and strengthen the file of economy, trade and investment through the effective partnership established by the Iraqi government with the Iraqi private sector." 

For its part, the Korean Import and Export Bank stressed its keenness to provide means of support to the Iraqi government, indicating the most prominent work of the Bank in the regional environment of Iraq and the world, and ways to align them with the Iraqi government plan to achieve sustainable development in accordance with the global vision 2030.   LINK

KTFA Members "News and Views" Wednesday Afternoon 9-4-19

KTFA:

Samson:  Trump and Fed candidate .. Is the world back to the gold standard?

3rd September, 2019 

There are many efforts to try to create a psychological analysis of US President Donald Trump's nomination of Judy Shelton to serve on the Federal Reserve

To date, there are two vacant seats on the seven-member Fed Board of Directors

Some emphasize Shelton's loyalty as an early adviser to Trump, according to an analytical vision published by Project Syndicate for University of California Professor of Economics Barry Eichengreen

Others point to their shift to someone who favors low interest rates, while a third team still highlights its defense of the gold standard as a way to isolate US monetary policy from the unreliable Fed

But all of the above explanations didn't care what matters most: Shelton is a figure who supports fixed exchange rates

Shelton's belief in fixed exchange rates is attractive to an administration that sees currency manipulation as a threat to winning its trade war

The Trump team wants to reduce the US trade deficit and boost the competitiveness of domestic industries by using tariffs to increase the price of imported goods  But the 10 percent tariffs, which are offset by the devaluation of foreign currencies against the dollar by about 10 percent, leave the relative prices of US imports unchanged

Countries seeking to maintain the competitiveness of their exports have a clear interest in encouraging such currency adjustments or at least not resisting such adjustments

In fact, they do not have to do anything to devalue their currencies when the United States applies tariffs

The US current account deficit is the only difference between US investments and US savings, which means that tariffs do nothing to bring about any change

Unless the current account changes, the relative prices of domestic and foreign goods will not change as well, and it is therefore essential that exchange rates move on their own to offset the impact of tariffs

The challenge for the Trump team is to get other countries to change their policies to prevent their currencies from moving

Given Shelton's call last year for the launch of a new Bretton Woods system, the goal, as she described it, is to create a coherent mechanism to maintain exchange rate stability among national currencies, the same as the original agreement of 1944  But in the absence of a world conference - something Trump hates - the way to achieve that goal is the same as it was in the context of the gold standard of the 19th century

At the time, Great Britain was unilaterally linking the price of the local currency to gold, and other countries followed suit after seeing Britain's advantages  Once many countries peg the domestic price to gold, exchange rates between their currencies are effectively fixed

Obviously, the idea today is that if the United States moves first, "proactively," as Shelton put it, "other countries will follow suit

Behind this assumption, there are a number of logical conclusions that are inconsistent with previous introductions.  First , other countries show no desire to stabilize exchange rates whether or not the gold standard is restored

They know that different economic conditions justify different monetary policies, which in turn require exchange rates to move

Second , gold is no longer a stable floor, with dollar-denominated gold prices swelling from $ 900 an ounce in 2009 to 1,900 in 2011 before returning to $ 1,500 today

Forcing the Fed to peg gold prices to the dollar would have no effect other than linking its relative price, the price of gold relative to the prices of other goods and services

In order to double the relative price of gold, as in the period between 2009 and 2011, consumer prices may need to fall by half, which means catastrophic deflation

The price of gold relative to CPI inflation was less volatile in the 19th century, but this reflects the importance of gold mining

When the price of gold was higher relative to the prices of other commodities, more resources were allocated to mining, which led to the extraction of larger amounts of yellow metal, thus causing its relative price decline

More precisely, the prices of other commodities have risen as additional gold extraction has supported an inflationary increase in money supply

Today, after a nearly century-long increase in the production of other goods and services, gold mining represents a much lower share relative to global GDP

Thus, the ability of the mining industry to stabilize has become weaker, making the price of gold more volatile

Some may argue that gold price volatility reflects financial instability, prompting investors to rush to gold as a safe haven, and that the gold standard will produce a more stable financial environment

But this idea is not based on history, as financial crises have been a frequent occurrence in the use of the gold standard

It was not a mystery: having to stabilize the price of gold severely limited central banks' ability to act as a last resort to lend to troubled financial systems, and instability followed on a regular basis

In short, the arguments for the gold standard and exchange rate pegs are dramatically flawed, but it is not bright: nothing will happen, whether or not Shelton is a Fed member   LINK

Purifiers:  IMO... MANIPULATION IS VERY "HEAVY"...ENTITIES... GOLD... SILVER...AT THE "MOMENT" WATCHING... GOD HAS "HIS PLAN" UNFOLDING... IN BETWEEN THE "LINES"   TRUMP... WILL BE A TRUMPET...(TWEET) (TWEET) (TWEET)

 Gem:   Interesting no matter how much information we receive from Delta, Frank, Walkingstick and many others the constant is Iraq and the promises and yes this is a speculative investment but until Iraq decides to formally make the announcement that they are article 8 nothing else matter, IMO  

Stephenmac63:  IMO, Iraq wont announce Art 8, no need to as tonights video demonstrated that. What they will announce though is a change in the exchange rate, that will be on the CBI website first.
I have yet to see a country claim they are Art 8, Art 14, whatevers, its a classification that they alone have to deal with.   A change in the rate.....now thats something to brag about. (smile) 

******************

Samson:  KI: Wins International Award for Best Smart Card

4th September, 2019
Ki won the Best Smart Card award at the Global Event (International Finance Award 2019) Best Smart Card- Finance 2019.

Iraq receives for the first time in the history of this award, which is the result of a great national effort for an Iraqi electronic payment company was able to transfer the reality of financial transactions to a sophisticated stage interacted with the public significantly and now embraces a family of 7 million beneficiaries, a figure that did not reach the largest banks Region.

An official source in the company confirmed that the company invests in the youth sector and provides job opportunities for a large segment, and provides services that touch the need of the Iraqi family, and this award represents a new turning point in the company's work and motivated to develop work mechanisms and presence near the Iraqi family through the adoption of new systems more developed Contribute to the creation of new products.   LINK

***********************

Netanyahu: The US administration will publish the deal of the century immediately after the Israeli elections

4th September, 2019
Israeli Prime Minister Benjamin Netanyahu said on Wednesday that the US administration would publish its plan known as the "deal of the century," immediately after the Israeli elections on the seventeenth of this month.

Netanyahu said: "Who do you want to lead the talks on the deal of the century to be presented by President Trump, which will be launched soon, immediately after the elections?"

After the US plan was expected to be published last June, it was postponed until after the Israeli elections scheduled for the seventeenth of this month.    LINK

 ************************

Samson:   Pence calls on the European Union to negotiate in good faith on Britain's withdrawal

3rd September, 2019

US Vice President Mike Pence used his visit to Ireland on Tuesday to urge the European Union to negotiate "in good faith" with British Prime Minister Boris Johnson and reach an agreement on Brexit to respect Britain's sovereignty

The outcome of Britain's exit from the European Union remains uncertain, three years after the British voted in favor of the exit. There is still disagreement over how to open the border between EU member Ireland and Northern Ireland and not threaten the two-decade-old peace in the British-run region

While Pence listened well to Irish Prime Minister Leo Faradkar's letter, which said the withdrawal would not undermine the 1998 Northern Ireland Peace Agreement, he also supported Johnson, who was warmly praised by US President Donald Trump

"The United States supports the UK's decision to leave the European Union, but we also recognize the unique challenges on your borders, and I can reassure you that we will continue to encourage the UK and Ireland to ensure that any agreement on exit will respect Good Friday," Pence told a joint news conference with Faradkar. Peace), "according to the" Reuters

"But as the exit date approaches, we also urge Ireland and the European Union to negotiate in good faith with Prime Minister Johnson and work towards an agreement that respects UK sovereignty and limits trade obstruction    LINK

MilitiaMan and KTFA Members Tuesday Night 9-3-19

KTFA:

MilitiaMan:  Thanks Don961!   Edited and reduced post by: ~ MM

Parliament holds its first legislative session after 10 Muharram
Tuesday 03 September 2019

Baghdad / morning / Shaima Rashid

 The legislative holiday of the House of Representatives will end on Tuesday officially, the third legislative term of its second legislative year will begin next week after the 10th of Muharram recess after it was scheduled for Tuesday, September 3, as announced by the Council in a previous statement.

Presidency of the Parliament that "Chapter III will be dedicated to controversial laws that were not agreed upon during previous sessions, such as oil and gas laws and the abolition of the offices of general inspectors and the Federal Court and other laws," while the Parliamentary Legal Committee announced that there are more than 150 legislation in Adra C Parliament is waiting to pass.

The first deputy speaker of the House of Representatives, Hassan al-Kaabi, announced in previous statements, that "the plan set by the Presidency of the Council of Representatives and members of the House for the next stage, includes the discussion of all laws that did not find its way to the legislation, which was called controversial laws," stressing the existence of a determination to pass Through understanding and agreement and the primacy of the interest of the homeland and the Iraqi people.

First session 

Deputy Chairman of the Parliamentary Legal Committee Mohammed al-Ghazi explained to the "morning", that "the third legislative term will begin a meeting of the presidencies and the holding of committees, which is constitutional, while the first session will be after the tenth of Muharram." 

Al-Ghazzi said: “It was scheduled to hold the first sessions of parliament for its new legislative term (today Tuesday, September 3) but because of the month of Muharram, the session will be postponed until after the tenth of Muharram, in addition to the convening of the Conference of Asian States hosted by Iraq today and also there Meetings of the presidencies, "he added," The delay of the meetings for several days is constitutional, especially since the parliament has extended its legislative holiday a month to complete its laws at the time, "noting that" the legislative chapter has begun (Tuesday), but the difference in the days of meetings ”.

He continued: "Chapter III will be on controversial laws, and the first law to be discussed by Parliament, which will be sent from the Legal Committee is the abolition of the order (67) on the establishment of offices of general inspectors," indicating "the existence of a political agreement on the abolition of this law, as well as the law of oil and gas and the Federal Court And other laws carried out from previous sessions, pointing out that "the subject of special grades in the process of completion," ruled out that "the government is dismissed, but may witness the questioning of some ministers only."

Controversial laws

In turn, a member of the House of Representatives Sa'aran miraculous in an interview with the "morning", that "there are a lot of laws that are ready and ready to vote; "The next chapter will be devoted to the legislation of important laws that serve the citizen and that is a priority of the parliament, but laws that have political differences can be passed if there is consensus and national will."

150 special legislation

“The most prominent outstanding laws are the Federal Court, the State Administration, Public Debt, the Federal Services Council, the Olympic Committee, Oil and Gas, etc.”

“The Council is obliged to support the government's reform program by passing its own laws during the current electoral cycle.”    link

MilitiaMan:   So lets take a closer look, they extend the session to apparently cover Mahdi's past pledge to the people. His pledge if you will was to have the reforms done in the current legislative period  that can be done and considered to be on time with in his pledged time frame. Thus, saving face to the citizens.. imo..

They hadn't finished the Oil & Gas law in previous sessions, but they will during the current session, as noted above which falls within the next 7 days real close. That means  to me they will have to have the reforms such as the Oil & Gas done before they end the current session, the next session begins after the 10th of September.

That requires imo an international rate to be done and applied, hence, the extension has been noted publicly today. That is not the only thing that requires an international rate, imo. 

The AMF is complete in launching a special Index database for Iraqi Securities. They have it ready, as they calculated the index as being from 07/31/2019.

That calculation may be from using an international rate that is to be applied for the Oil & Gas Law derived from the FML and the Amendment to it in mid to late 2019, which imo would be a reflection of the IQD's international value to be applied to or toward the Oil & Gas Law along with the Iraq Securities market alongside the AMF Financial Market that also represents a basket of other currencies. This is all lining up in short order for completion. 

Now if we think about it and reflect what we were told about the electronic billboards, big screens, mobile vehicles, the ATMs, all being broadcast-ed with information on coins, "New Small Category Notes" (NSCNs), etc. What venue did we hear from Frank to be a big deal coming soon?

The football game this Thursday evening after banks are shut through the weekend, comes to mind. Here in the states Super Bowl is watched by millions.. Iraq is no different with their football. Advertising gets to the masses!! Text messaging is going to be the "Amber Alert" effectively too for the citizens all most having phones now.

Electronic timing can be used for full advantage.. Everyone is notified of what to expect at the same time and where to look for the CBI to provide what they/we are looking for.. Let that sink in.. Imo, the above holds water and extremely hot volcanic at that!!!  lol imo ~ MM   

"The Fund said that it has started to calculate a special index for the Iraqi market for securities, based on the data as at 31 July 2019 as a base period .

The sample of the index of the Fund for the Iraqi market for the securities of 43 companies, representing a market value of about 80 percent of the total market value as at the end of 2018 .

It is noteworthy that the Arab Monetary Fund calculates, in addition to indicators for the financial markets that join its database, a general composite index, which measures the performance of the Arab financial markets combined, including the Iraqi market for securities as of September 1, 2019 link

MilitiaMan:  Then take a peak at some support in respect to the Oil & Gas. It includes Customs Revenue too. ~ MM

Kurdish Democrat: Kurds began to feel their partnership in the decision after the government of Mahdi LINK

Erbil is delivering oil and customs revenues to Baghdad   LINK  

*******************

Hammy14:  How can they do this at 1190?  How can they do this without first announcing they are Article VIII?  This makes no sense at all with a restricted currency that is grossly undervalued.  It says as of September 1, 2019 to be in effect.  I would like for someone to explain how they can do this at a program rate, because this goes against everything we have been taught, IMO.  Surely, I'm missing something, but as it reads, I don't understand how they can do it.  

MilitiaMan:  IMO, they (Iraq) haven't gone live just yet. The data based is complete and ready for use. They are ready for Iraq when Iraq is ready. There are others already trading, Iraq needs to announce and lift the rate. There are thoughts of when that could happen posted today and from a collective from teams and Frank in the YTVs.. imo!~ MM

Yrmallmann:   They can do this with any rate... but as not as atractive as with a signficant rate increase and listed on FX for currency convertion (and for any financial transaction outside or even inside country).The rate increase will happen after the RI and article 8 acceptance (since iraq is transitioning). They may pass some laws (federal court act, article 140, hcl) this may allow them go into article 8... then launch the lower denoms... and with the delete the zeros reinstate the currency on the market bringing to us investors a good return with our 3 zero notes. Hope i had helped. Best Regards  

MilitiaMan:   They showcased the ISX with the NASDAQ months ago, yet to see a live connection and today we see the AMF having completed the calculation and the database for the financial markets with Iraq. The NASDAQhas rules and for stocks (securities) to trade on the platform need to be north of $2.00 USD in value and that requires when under $4.00 being standard. So, imo they cannot do it at any rate.. jmtc. When they go live we will be happy campers that I agree with.. lol

Don961:  3 economic events anticipated by investors in global markets

Tuesday 03 September 2019

Capitals / agencies

Investors in global markets are awaiting this week's US jobs report, along with comments from Federal Reserve officials on Friday.

Jobs report

The United States is set to unveil its jobs report for August on Friday. The US economy is expected to have added 4,000 jobs in August to 164,000 in July.

The unemployment rate is estimated to have stabilized at 3.7% in July percent.

US tariffs

A few days ago, the United States began to enforce the decision to implement tariffs on imports from China. The tariffs are part of a larger tariff package that Donald Trump aims to apply to imports from China worth 300 billion dollars.

The rest of the tariffs are due to be implemented in mid-December. China has responded to recent US decisions to impose tariffs on US imports worth 75 billion dollars.

When China decided to do so, Trump announced that the tariffs that had been activated would be increased to 15 percent, instead of the initially planned 10 percent.

Fed Statements

A number of Fed officials are talking this week to give their forecasts on the performance of the economy and monetary policy.

The most prominent speaker is Federal President Jerome Powell, whose comments will be released on Friday.

New York Fed Chairman John Williams, Boston Fed Chairman Eric Rosengren and St. Louis Fed President James Bullard are also due to make statements on the economy and inflation.

Also, the Federal Reserve is scheduled to hold a monetary policy meeting this month, amid high expectations of a rate cut.

At its July meeting, the Fed decided to cut rates for the first time in 10 years, from 2 percent to 2.25 percent.    link

More "News and Views" from KTFA Members Tuesday PM 9-3-19

KTFA:

Samson:  Erbil is delivering oil and customs revenues to Baghdad

3rd September, 2019
The Leadership of the Patriotic Union of Kurdistan, Rizan Sheikh, an agreement within the Kurdistan Regional Government of Iraq, to ​​deliver oil revenues and revenues of the border outlets of the federal government in Baghdad. 

She said: "The relationship now between the governments of Baghdad and Erbil is positive, and it can yield important results, the regional government wants to be close to the federal government, because it believes that the strength of the power of a unified Iraq." 

"The main Kurdish parties, the Kurdistan Democratic Party (KDP), the Patriotic Union of Kurdistan (PUK), and the Movement for Change, agreed to strengthen the relationship with Baghdad, end all tensions, and hand over oil and customs imports."    LINK

AnotherMailman:   IMO, this wouldn't be happening unless the HCL has been resolved or about to be announced as passed!  (wink0

Tommy17:   I agree

************************

Samson:  Karbala Council disrupts official working hours on Monday and Tuesday commemorating the martyrdom of Imam Hussein

3rd September, 2019
Karbala provincial council chairman Ali al-Maliki said Tuesday that the council voted to disrupt official working hours for the ninth and tenth day of Muharram.

Maliki said in a brief statement received "tomorrow Press" a copy of it that "the Council voted to disable the official opening on Monday and Tuesday of next week on the anniversary of the martyrdom of Imam Hussein (peace be upon him)."

It is noteworthy that the province of Babylon announced the reduction of working hours in the province to one o'clock in the afternoon starting from the fifth of Muharram until the ninth of it.   LINK

Don961:   Arab Monetary Fund launches a special index for the Iraqi market for securities

 Iraq Stock Exchange

 03 Sep 2019 02:02 PM

Direct: The Arab Monetary Fund revealed the inclusion of the Iraqi market for securities officially in the system of Arab financial markets database with the Fund, as of the beginning of September 2019.

The Arab Monetary Fund, in a statement, that the number of Arab financial markets joined the database of the Fund rose to 17 markets with the accession of the Iraqi market.

The Iraqi Stock Exchange currently includes 95 companies, including 28 banks and 5 insurance companies, 23 services, finance and investment companies, and two companies in the telecommunications sector, in addition to 21 companies in the industrial sector, 10 companies in the hotel and tourism sector, and 6 companies in the agriculture sector.

The total market value of the market at the end of 2018 was about 11.356 trillion Iraqi dinars equivalent to $ 9.1 billion, thus being ranked 13th among the Arab financial markets in the market value.

The Fund said that it has started to calculate a special index for the Iraqi market for securities, based on the data as at 31 July 2019 as a base period .

The sample of the index of the Fund for the Iraqi market for the securities of 43 companies, representing a market value of about 80 percent of the total market value as at the end of 2018 .

It is noteworthy that the Arab Monetary Fund calculates, in addition to indicators for the financial markets that join its database, a general composite index, which measures the performance of the Arab financial markets combined, including the Iraqi market for securities as of September 1, 2019    link

StephenMac63:  Game On

Boxman:  Wow...effective 9/1/2019.....

Hammy14:  How can they do this at 1190?  How can they do this without first announcing they are Article VIII?  This makes no sense at all with a restricted currency that is grossly undervalued.  It says as of September 1, 2019 to be in effect.  I would like for someone to explain how they can do this at a program rate, because this goes against everything we have been taught, IMO.  Surely, I'm missing something, but as it reads, I don't understand how they can do it.

Yrmallmann:  They can do this with any rate... but as not as atractive as with a signficant rate increase and listed on FX for currency convertion (and for any financial transaction outside or even inside country)…..The rate increase will happen after the RI and article 8 acceptance (since iraq is transitioning). They may pass some laws (federal court act, article 140, hcl) this may allow them go into article 8... then launch the lower denoms... and with the delete the zeros reinstate the currency on the market bringing to us investors a good return with our 3 zero notes….Hope i had helped…..Best Regards

 Noneb4him:   Re:  Article 149.. Amf Inclusion of ISX …..My opinion.. it is in the wording.. article says "inclusion" into their data base.. Doesn't say "launched" or "activated" or any of those other action words we love…..But it does look like another MAJOR step forward in the "coming days" episodes of As the Dinar turns!!  The fact that they are included means they will be active soon... like around Octorber 1, right?(date given of ISX going live with NASDAQ)    All IMO..

Samson:  CR2 and Network International Announce Partnership to Deliver Mobile Banking as a Managed Hosted Service in MEA

3rd September, 2019
Banking software leader CR2, has signed a strategic partnership with Network International, the leading enabler of digital commerce across Africa and the Middle East. CR2 and Network International will deliver mobile banking as a Managed Hosted Service, enabling banks to rapidly deploy and cost-effectively manage their mobile banking services.

CR2 is considered to be the leader in channel banking software in Africa and the Middle East. They recently announced the latest release of their BankWorld Mobile App, which includes Customer Onboarding, KYC and Account Opening functionality that helps drive customer acquisition. The app is intuitive and feature-rich and includes integrated payments functionality, live communication channels, personal financial management, and personalization by the user.

Network International is the leading enabler of digital commerce across the Middle East and Africa region. The Group provides a full suite of technology-enabled payments technologies as a Managed Service to over 220 Financial Institutions across the region.

The partnership between CR2 and Network International will provide banks with access to a state-of-the-art banking platform as a Managed Service which means low upfront costs and a significantly reduced need for IT support from prospective bank clients.

Kieran Kilcullen, CR2 Chief Commercial Officer, commented: “As we continue to grow our customer base, we recognise the need to offer flexible deployment options for banks. We chose to partner with Network International for their deep technical expertise, experience, reputation and market-leading position. This partnership enables CR2 to capture new customer opportunities in our market and allows all banks to rapidly implement mobile banking services.”

Andrew Key, Managing Director – Africa, Network International, added: “We are very pleased to partner with CR2. The BankWorld mobile app proposition complements our portfolio offering to banks in the region. The ability to deploy mobile banking as a managed service means that banks can have their banking app in the hands of their customers faster, without delay or without the complexity, cost and resources needed by adding infrastructure in-house.”

About CR2

CR2 is a privately held, independent global banking software company, providing specialised products to the banking industry in over 60 countries worldwide. Incorporated in Ireland and founded in 1997, it offers digital and ATM channels that provide personalised services built upon an integrated, omnichannel, digital banking platform known as BankWorld. Headquartered in Dublin, Ireland, CR2 has a network of international offices in London, Lagos, Cairo, Amman, Dubai, Bengaluru and Perth.

About Network International

Network International comprises a group of companies and is the leading enabler of digital commerce across the Middle East and Africa (MEA) region, providing a full suite of technology-enabled payments solutions to merchants and financial institutions of all types and sizes, including acquiring and processing services and a comprehensive ever-evolving range of value-added services.

Network International Holdings Plc is the holding company for Network International and the group companies.   LINK

KTFA Members "News and Views" Tuesday Morning 9-3-19

KTFA:

Popeye7:  Terrific CC this last evening Frank, and Tink... Loved your play on words as it concerned the companies that were waiting to get inside of Iraq...

Something to the effect that these foreign companies have their faces against the window pane, looking from the outside in such pain, as they waited to be invited into Iraq...

The time is now, and as you, and your teams have declared to us months ago, is truly transpiring before our very eyes... Amazing!...

Thanks again to Walkingstick, Delta, FF's, and the teams for such diligent work

Monday Night KTFA CC 9-2-19

PLAYBACK : 605.313.5163    PIN: 156996#

*********************

Samson:  Mesopotamia launches supplementary advances to state employees through MasterCard

3rd September, 2019  8:16

Rafidain Bank, on Tuesday, launched additional supplementary advances to employees of government departments ranging between {5, 10, 15, 20, 25} million dinars and according to the salary of the employee through the MasterCard International Card and national salaries exclusively with the bank.

The bank's media office said in a statement received by the Euphrates News that it has been paid twice as much to the employees of the state departments for more than 11,500 employees who have already been given personal advances and submitted on the second additional and was paid to them by MasterCard. 

The statement pointed out that "the payment of this advance was through the imprint of the customer and then informed the employee by sending a text message notifying him of the advance payment, after he completed all legal procedures to grant them and disbursed through electronic payment tools to which the financial balance has been filled."    LINK

*******************

Samson: Today .. Baghdad hosts a meeting of the Conference of Asian Parliaments with the participation of 16 countries

3rd September, 2019 9:15

The meetings of the Standing Committee of the Budget of the Asian Parliaments Assembly will begin on Tuesday in Baghdad with the participation of 16 countries in order to set the budgets of the Assembly for the next two years. The information department of the House of Representatives in a brief statement that "on Tuesday will see the start of the Standing Committee of the budget and planning of the Association of Asian Parliaments meeting. 

For his part, member of the Committee on Foreign Parliamentary Relations, Amer Al - Fayez, in a press statement that "Asian Parliaments conference to be held in Iraq is a meeting of the planning Committee of the Standing budget of the Association of Asian parliaments to develop two budgets Mqubltin, as it will be held for a one - day sessions in the morning and evening."  He added that "the presence of - Participating parliaments from 16 Asian countries are a sign of the new diplomatic victory for Iraq and a message to the world on its stability as well as its readiness to receive delegations in various fields, including diplomacy and sports.
 
"Russia, India, Korea, Pakistan, Afghanistan, Iran, Turkey, Cyprus, Kuwait, Bahrain, Qatar, Saudi Arabia, Lebanon, Syria, Jordan and Palestine are the main countries participating in the conference," he said.  He pointed out that "the work is currently on the success of this conference, which is an international meeting of an international assembly and Iraq will gain the trust of the world," noting that "the country is ahead of other international meetings, including the meeting of Arab parliaments to be held in October." 

For his part, said member of the House of Representatives Ali Muhannis al-Ghanemi in a press statement, that "In addition, a member of the House of Representatives, Saaran miraculous in a press statement that "Iraq provided all the atmosphere to receive its guests from the countries participating in this Assembly," pointing out that "Iraq hosting this conference reflects the civilizational facade of the country as well as encouraging investment."   LINK

Samson:  The Central Bank establishes a banking relationship with the World Bank's RAMP program

3rd September, 2019

The Central Bank of Iraq announces the establishment of a banking relationship with the World Bank's Reserve Management Advisory Program ( RAMP ), which includes investment in bonds it issues.

The Bank explains that, through the Department of Investments and External Transfers, a plan has been prepared for cooperation with the World Bank in the management of reserves and investment in bonds issued in dollars, at least $ 300 million.

The World Bank's Reserve Management Advisory Program ( RAMP ) is a platform to advise on the development of asset and reserve management in developing countries and international institutions to enable them to maximize their financial resources. 

Central Bank of Iraq information Office September 3, 2019

https://cbi.iq/news/view/1259

*******************

Samson: The Central Bank establishes a banking relationship with a World Bank program

3rd September, 2019

The Central Bank of Iraq announced the establishment of a banking relationship with the advisory program for the management of reserves (RAMP) of the World Bank, and this relationship included investment in bonds issued.

"The Bank clarifies that through the Department of Investments and Foreign Remittances, a plan has been prepared for cooperation with the World Bank in the management of reserves, and investment in bonds issued in dollar currency, at least $ 300 million," said a central bank statement received by the Euphrates News Agency. 

“The World Bank's Reserve Management Advisory Program (RAMP) is a platform to advise on the development of asset and reserve management in developing countries and international institutions to enable them to maximize their financial resources.”   LINK

Samson: Central Bank announces strategic banking projects for the next five years

3rd September, 2019 by Samir al-Nusairi

In the monthly meeting of the government and private banking leaders, Mr. Ali Al-Alak, Governor of the Central Bank of Iraq, confirmed the continuation of the Bank's approach to stimulate the economy and build the capacity and development of the banking sector in order to move to the development role and contribute to financing investment and reconstruction projects. The exchange rate as the main achievement of monetary policy applications and one of its important objectives, which has positive repercussions on the revitalization of the economy and stabilize the monetary and financial system

.  Ed oil as a key resource for revenue and continuing imports of all goods and not to encourage and support local production will inevitably lead to the continuation of the bank offer to sell dollars, according to its law because the reason is not supply but demand for the dollar for the reasons above

The central bank announced at the meeting the launch of its strategy for the next five years to implement 21 projects for the development of the banking business after it was able to most of the main objectives to achieve the sub - first strategy for years (2016 -2020 ) , which became possible that the starting process begins full objectives of monetary policy to achieve the transition to The ranks of international banks sober with the certificate of specialized international financial organizations. 

And that of the strategic banking projects which have been identified for future objectives and its impact according to a program for each project is limited to periods of implementation and reach the target during the years (2019 - 2023.

These are development projects related to achieving financial inclusion such as the settlement of salaries and projects to restore confidence in the banking sector such as the Deposit Guarantee Company, projects for structural, administrative and legal development such as the government guide project, projects for training, rehabilitation, capacity building, classification of banks, and projects to move banks from the role of banking to contribute to development as a syndicated Islamic finance project. 

It should be noted here that although the bank has begun planning for these projects since 2016 but also as stated the government is committed to the curriculum as it comes to the banking sector and as targeted by the National Development Plan (2018 - 2022 ) and the vision of Iraq in 2030

The central bank's emphasis on working in accordance with its approach to economic reform since 2015 is anchoring the reality that the central bank and its current administration embody a bright spot in an unstable economic environment for subjective and objective reasons

The results highlighted the experience of the Central Bank in supporting the national economy while maintaining its functions and objectives specified in its law, and its contribution to achieve economic resilience and promote the decisive victory over terrorism

In addition to the results achieved on the scope of applications of monetary policy internally and convince global financial organizations, the most important official reports issued by them confirmed the success of the Central Bank's policy in achieving an important transition to the Iraqi economy and achieve stability in the exchange rate and the recovery of the Iraqi dinar and raise its purchasing power, one of the objectives of strengthening the economy

In addition to his contributions and multiple initiatives to stimulate the economic cycle and enhance liquidity in banks and reach to re-coordinate bridges between the financial and monetary policies and propose new economic and structural policies to prepare public budgets for the coming years on the basis of programs and not items and attempts to restore confidence in the banking system

The Central Bank has demonstrated its clear ability to interact and analyze the obstacles of work and create conditions to overcome the challenges. To build a solid national economy   LINk