KTFA Wednesday Night CC: " FRANK26…4-17-24…..HELLO.... JP MORGAN"

KTFA

Wednesday Night Conference Call

FRANK26…4-17-24…..HELLO.... JP MORGAN

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

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=H4uvYNDIY-M

KTFA Monday Night CC: " FRANK26….4-15-24…….PUT THEM UP"

KTFA

Monday Night Conference Call

FRANK26….4-15-24…….PUT THEM UP

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

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE= IMPLEMENTATION

https://www.youtube.com/watch?v=tmifKN4PbvY

"Sudani Visits the US" News Posted by Clare at KTFA 4-15-2024

KTFA:

Clare:  Iraq Prime Minister motorcades into Washington DC for a meeting with Biden

"the list of the delegation accompanying the Sudanese, which consists of about 130 figures."

LINK

https://youtu.be/o2MqCFLtUEY

Clare:  His advisor: Sudanese attention will focus on the economy during his meeting with the American President

4/15/2024  Baghdad

 The financial advisor to the Iraqi Prime Minister, Mazhar Muhammad Saleh, confirmed that Iraq is linked with the United States through cohesive ties and foundations, the principles of which were outlined in the strategic framework agreement signed between the two countries in 2008 and ratified by the Iraqi Parliament.

Saleh stated, in an interview followed by Mawazine News, that attention will be focused on providing a climate of promising opportunities through which major companies in the United States can contribute to major strategic development projects in Iraq, whether in the path of development or otherwise, especially in the fields of renewable energy, gas, and technology. Digital and basic federal projects in the areas of transportation, communications, agriculture, investment in natural resources and important aspects of the manufacturing industry.

According to the advisor, this is in addition to benefiting from higher education opportunities, obtaining academic seats in American universities, and accepting scholarships in fields that serve development and economic progress in Iraq.

He explained that what we see today of “positive developments” in the relationship between Iraq and the United States “will turn the page on the past and open a page based on direct economic relations and productive investment opportunities, with a first priority that precedes other priorities, including the establishment of solid banking relations between the two countries that will help them grow and prosper.” The current banking reform policy in our country will contribute to adding an element of strength to the financing relations between the two friendly countries.

Thus, Counselor Saleh believes that the economic aspect (investment, development, and financing) “will be activated for the first time in this broad form of the strategic framework agreement in order to be consistent with the data and principles of the program.” government in a way that serves the interest of stability and economic prosperity in Iraq.”   LINK

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Clarae:  Al-Sudani begins his visit to Washington by meeting with the Iraqi community: Your country is different today

4/15/2024

Prime Minister Muhammad Shiaa Al-Sudani began his official visit to the United States, by meeting with the Iraqi community in Washington and other American states, on Monday. While he pointed out that the relationship with Iran and America is an advantage for Iraq that can be used to reduce tension, he stressed that “Iraq today Different from before."

Al-Sudani announced, during his speech to the Iraqi community, the work on a study to establish a department for expatriate affairs, in order to achieve effective communication with Iraqi communities in the world, pointing out that the government is looking for competencies away from quotas.

He said that his visit to the United States is important. To clarify his government's vision about the shape of the relationship with America, stressing that "Iraq today is different from what it was in 2014, because ISIS no longer poses a threat to Iraq... Iraq today is witnessing unprecedented recovery, stability, security, real development, and tangible services in all parts of the country."

Al-Sudani continued: “We want to move to bilateral relations with the countries of the international coalition after the victory over ISIS, similar to the countries of the region, including security relations. The first meeting of the founding committee stipulated in the framework agreement will be held, and there will be periodic meetings of this committee.”

Regarding the tensions in the region, the Prime Minister pointed out that “Iran is a neighboring country with which we have common interests, and America is a strategic ally and our relationship with it is important,” explaining that “the relationship with Iran and the United States is an advantage for Iraq, and can be used to reduce tension, and this is what happened in every situation.” crises in the region.  LINK

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Clare:  Expert: The Sudanese visit will activate 11 items in the strategic framework agreement, one of which is security

4/14/2024

The security expert, Sarmad Al-Bayati, suggested activating 11 items in the strategic framework agreement during the visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington.

Al-Bayati said: For the program {Free Speech} broadcast by Al-Furat satellite channel this evening, it was stated that: “The visit has been planned for a long time and within Al-Sudani’s statement that Iraq wants the United States as a strategic partner free of wishes. The main purpose of the visit is to activate the strategic framework agreement, which includes 11 sections of... "Including the security item." 

He added, "Al-Sudani will meet with the US President, the Secretary of State, the National Security Advisor, the US Treasury Undersecretary, and others during the visit, and will sign new partnerships and contracts with American companies, including those specializing in energy."

Al-Bayati continued, "As for the security aspect, America will be the mediator by importing weapons from foreign companies to preserve Iraqi money, and the government is determined to end the military presence on Iraqi territory."

He added, "We have high-frequency radars, and France was contracted to import low-frequency radars. America did not force Iraq to buy weapons, but the defect in air defenses, as well as the danger of the terrorist ISIS, still exists in remote extremist areas."

Al-Bayati concluded by saying, "The Western countries proposed to Iraq the activation of the railway between Basra and Mosul to transport goods to Europe, and Turkey is moving forward to participate in the path of development, and internal problems have hindered the activation of many agreements."

Wafaa Al-Fatlawi    LINK

Clare:  Al-Sudani from Washington: The development road and Al-Faw port projects will create a new Iraq

4/15/2024   Baghdad

Prime Minister Muhammad Shiaa Al-Sudani announced today, Monday, work on a study to establish a department for expatriate affairs. While he indicated that the signing of contracts with Total, the fifth round, and the national effort will enable Iraq to achieve gas self-sufficiency, he stressed that the Development Road and Al-Faw Port projects will create a new Iraq.

The Prime Minister's Media Office stated, in a statement received by Al-Iqtisad News, that "Al-Sudani met with the Iraqi community in Washington and other American states, on the sidelines of his official visit to the United States of America."

He continued, "The Prime Minister expressed his pride and appreciation for the Iraqi communities in the United States and the rest of the world," stressing that "Iraq is for all Iraqis, and the country needs the expertise, experiences, opportunities, and initiatives of Iraqi figures in America."

He pointed out, "Working on a study to establish a department for expatriate affairs, in order to achieve effective communication with Iraqi communities in the world, as the government is looking for competencies away from quotas." 

He added, "Our visit to the United States is important to clarify our vision about the shape of the relationship with America," noting that "America granted Iraq preferences in customs exemption and a memorandum was signed with financing institutions worth 5 billion dollars, all of which are not activated within the strategic framework agreement."

He explained, "Iraq today is different from what it was in 2014, because ISIS no longer poses a threat to Iraq," pointing out that "we want to move to bilateral relations with the countries of the international coalition after the victory over ISIS, similar to the countries of the region, including security relations." .

He stated that "the first meeting of the founding committee stipulated in the framework agreement will be held, and there will be periodic meetings of this committee," stressing that "Iraq is witnessing today an unprecedented recovery, stability, security, real development, and tangible services in all parts of Iraq."

The Prime Minister stated, "The government's first step was to reform oversight institutions, and our measures in combating corruption are professional and not vindictive, as we recovered a lot of money and those wanted in corruption cases who hold other nationalities, and some of the wanted persons voluntarily surrendered themselves to the judiciary."

He pointed out, "The signing of contracts with Total, the fifth round, and the national effort will enable Iraq to achieve gas self-sufficiency within 3-5 years, in addition to starting projects related to refineries," explaining that "2024 will be the last year for importing oil derivatives."

He noted, "Iran is a neighboring country with which we have common interests, and America is a strategic ally and our relationship with it is important, as the relationship with Iran and the United States is an advantage for Iraq, and can be used to reduce tension, and this is what happened in all crises in the region."

He pointed out, "The US Treasury recorded observations on the work of banks in previous years, and not during the current government that adopted the electronic platform."

He pointed out, “The industrial and agricultural sectors were activated, and idle factories were operated, such as fertilizer, iron and steel production factories,” stressing that “the basis of economic advancement is the belief in the role of the private sector, which was supported by the government.”

He stated that "the development road and Al-Faw port projects will create a new Iraq," pointing out that "the development road is the least expensive and fastest project for transporting goods, and its first principles will be signed during the Turkish president's visit soon."   LINK

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Clare:  Kurdish MP: Sudanese success in the dollar crisis is the most important step in his visit to Washington

4/15/2024   Sulaymaniyah

Today, Monday (April 15, 2024), the representative of the Patriotic Union of Kurdistan, Iman Abdel Razzaq, considered that the success of Prime Minister Muhammad Shiaa Al-Sudani in addressing the dollar crisis is the most important step if completed with his visit to Washington.

Abdel Razzaq said in an interview with “Baghdad Today” that “the Sudanese’s success in this file, lifting the ban on Iraqi banks, and pumping the dollar naturally is the most important success for the Sudanese government if it is fully achieved.”

She added, "The citizen suffered from the dollar crisis, exhausted his pocket, and raised market prices. Therefore, the Sudanese's success in addressing it will be important, and we believe that the visit will be able to address the crisis in agreement with US President Joe Biden."

Officials from the Central Bank of Iraq, led by the Governor of the Bank, Ali Al-Alaq, are among the delegation accompanying the Sudanese on his visit to Washington, while the issue of lifting the ban on some banks prohibited from dealing in dollars in Iraq is on the agenda of the Sudanese visit.   LINK

CclareL Al-Sudani: We are working to move from the military relationship to a full partnership.. And Biden: We are committed to the interests of Iraq

4/15/2024

 Prime Minister Muhammad Shiaa Al-Sudani met with US President Joseph Biden at the White House in Washington, DC

Al-Sudani said during the meeting:

We are working to move from a military relationship to a full partnership with the United States
. Our visit to Washington comes at a sensitive and delicate time

Our visit to Washington is important in the history of the relationship between the two countries

The war on ISIS was the basis of cooperation between Iraq and the United States

Victory over the terrorist ISIS is important and was achieved through the sacrifices of Iraqis and the support of friends

- Iraq is in the process of recovery and is witnessing development in service projects

-We will discuss sustainable partnership on the basis of the Strategic Framework Agreement

-We will adhere to the outcomes of the Supreme Coordination Committee between Iraq and the United States

My government is serious about implementing this agreement

My presence in Washington brings with it the desire to improve the situation in Iraq and provide services

We are committed to various issues, especially what is happening in the region

-We agree on the principles of international law

We reject any attack on civilians, especially children and women

We care very much about stopping the devastating war in Gaza

We hope that all parties concerned will exercise restraint

- We are committed to protecting diplomatic missions

-: We want to stop the expansion of the conflict in the region

We are working to move from a military relationship to a full partnership with the United States

US President Joe Biden said:

We are determined to avoid the expansion of the conflict in the Middle East

We are committed to protecting the interests of America and its partners in the region, including Iraq   LINK

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Clare:  Full details of the Sudanese and Biden meeting at the White House - urgent

4/15/2024   Baghdad

Prime Minister Muhammad Shiaa Al-Sudani met this Monday evening (April 15, 2024) with US President Joseph Biden at the White House in Washington, DC.

Al-Sudani said during the meeting, "We are working to move from the military relationship to a full partnership with the United States."

Al-Sudani added, "Our visit to America comes at a sensitive time and shows the importance of relations between the two countries."

The Sudanese addressed Biden by saying: “We will transfer the military relationship to a comprehensive partnership with you, and my visit confirms the importance of the relationship.”

He stated, "Our visit to Washington comes at a sensitive and delicate time," adding, "Our visit to Washington is important in the history of the relationship between the two countries."

Al-Sudani noted, “The war against ISIS was the basis of cooperation between the two countries.”

For his part, Biden said that the United States is "committed to protecting the interests of America and its partners in the region, including Iraq."

He added, "We are determined to avoid the expansion of the conflict in the Middle East."   LINK

Frank26 and Clare "News and Views" Sunday 4-14-2024

KTFA:

Clare:  FROM FRANK: SUDANI IS GOING TO WASHINGTON FOR 1 WEEK BUT HE WILL ONLY SPEND 1 HOUR WITH biden & 6 DAYS & 23 HOURS WILL BE SPENT ON THE REFORMS… WHAT DOES THAT TELL YOU KTFA FAMILY? ……….FRANK26

Frank26:  "WHY... ARE YOU EXTENDING EID HOLIDAY?"........F26

 Demands to extend the Eid holiday until next Tuesday

 Baghdad

A number of citizens today, Thursday, called on Prime Minister Muhammad Shiaa Al-Sudani to extend the Eid al-Fitr holiday to next Tuesday instead of Saturday, as it is an exceptional holiday.

The government set the Eid holiday from last Tuesday, April 9, until Saturday, April 13, with official working hours in all government institutions resuming on Sunday, April 14, 2024.

It is hoped that all government departments and institutions will begin new working hours after the end of the Eid holiday, as it will be The working hours of government departments and ministries in the Green Zone are from 7 pm to 2 pm.   LINK

Frank26:  "IRAQI CITIZENS CHEER SUDANI AS HE LEAVES FOR WASHINGTON"...........F26

TRANSLATION:

The Prime Minister, Mr. Muhammad Shiaa Al-Sudani, made a press statement, prior to his departure for the United States of America, this Saturday morning, in which he stressed that this visit comes at a delicate and sensitive circumstance at the level of relations with the United States of America, as well as at the level of the conditions of the region and what is happening in the territories. Palestinian crimes against innocent people, as well as fears of the expansion of the scope of the conflict.

His Excellency stated that the goal of the visit is to move relations with the United States to a new stage that includes activating the provisions of the Strategic Framework Agreement, which is in line with our government’s program, which focuses on economic and financial reforms and other important fields, as well as productive partnerships with various countries of the world

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Frank26:  "THAT'S WHY THE 9TH-13TH IS IMPORTANT TO STUDY"...........F26

Bankers excited to meet the Treasury

Al-Sudani will stay in America for a week.. A source from Baghdad and another from Washington reveal the agenda

4/12/2024   Baghdad – 

Two Iraqi and American sources said that Prime Minister Muhammad Shiaa Al-Sudani will spend a week in the United States, including discussions with President Joe Biden, and a tour of 3 states.

The Iraqi government source confirmed to the 964 network that Al-Sudani will hold meetings with businessmen, and will be accompanied by Iraqi bank officials.

Informed sources said that the Iraqi bankers who obtained an American visa hope to cancel or ease sanctions on Iraqi banks, and they expect to hear something about this when they attend a meeting at the headquarters of the Ministry of the Treasury.

Politically, there is no change on the Sudanese agenda, and the political file will remain the transformation of the military mission of the American forces, within the framework of the international coalition, into a “security partnership” with Washington that includes armament and training, and the file of disputes between Baghdad and Erbil will also be on the table.

However, there has been a slight change, and Al-Sudani will discuss with Biden the possibility of an Iranian response to the bombing of Tehran’s consulate in Mezze.

A source told the 964 network that Biden will clarify the red lines related to the Iranian threat against Israel.

The American press does not expect “a violent response from Iran against Israel,” and CNN said that Iran may be content with sanctions from the Security Council, while information was circulated regarding “Israel’s acceptance of an Iranian response that can be accommodated if it is limited.”

An American diplomatic source for the 964 Network:

The Iraqi Prime Minister's plane will land in Washington at a specific time on Sunday, April 13.

The Sudanese visit lasts a week and includes 3 American states.

We learned that an important part of the government delegation will be allocated to senior officials at the Central Bank and bank managers, and they will have technical meetings at the Ministry of Treasury.

Iraq has been a mediator over the past few days in attempts to calm the situation and restrain Iran from carrying out a retaliatory reaction after the bombing of its consulate in Syria. There was contact between Minister Fouad Hussein and his Iranian counterpart, and a message in this regard reached Tehran.

I do not think that the Iranian escalation against the backdrop of the bombing of the consulate in the Mezzeh neighborhood in Syria will take up a large part in the Sudanese-Biden meeting, but they will discuss the matter, and the (American) president will clarify the red lines in this crisis.

An Iraqi government source for the 964 Network:

Prime Minister Muhammad Shiaa Al-Sudani will put the issue of activating the framework agreement at the top of the visit’s agenda.

Through this visit, Iraq seeks to move from the security and military aspects with Washington to cooperation in various other fields, economically and politically.

The Sudanese will work to restore balance and strengthen the partnership between the two countries, through a commitment to cooperation and strengthening bilateral relations in multiple fields such as the economic, financial, educational and development aspects.

Another file that Al-Sudani seeks to discuss is the issue of building strong economic partnerships between Iraq and the United States, especially in the areas of trade and investment.

Aqeel Abbas - political and academic researcher, 964 Network:

Al-Sudani's visit to Washington takes place in accordance with the strategic framework agreement, which includes 8 areas of cooperation between Washington and Baghdad, namely military and security cooperation, economic, political, cultural, and others.

The most prominent file that will be strongly discussed is the file of arming and training Iraqi forces by the American side.

The discussions will also focus on protecting the American missions in Iraq, and the role of the factions and Iran in the country.

Washington will express its concern about the leakage of some advanced weapons from Iraq to Iran and will discuss this issue and ways to limit this.

The visit will be different, especially in the energy file, and the Iraqi delegation will include Iraqi businessmen in order to hold discussions with American businessmen regarding such files.

During the meetings with officials, the Prime Minister will focus on the economic aspect, because this will serve his ministerial program and his electoral political project.

The framework forces and the Iranian side support this visit because it will demonstrate American support for the Sudanese government, and this serves them at all levels.

Banking reform is the most important file for the American side, and the Sudanese government has taken many steps regarding this file in implementation of Washington’s calls and demands.

Al-Nasser Duraid - political analyst, 964 Network:

According to the information available so far, the details of the agenda are mostly related to the Iraqi side, more than the regional situation.

Iraq will discuss several files, most notably the issue of banks sanctioned by Washington, as well as the possibility of Iraq playing a mediation role between Washington and Tehran.

The problems between Baghdad and Erbil will be on the negotiating table by the American side.

Washington will discuss the presence of factions in Iraq that are working to target American bases and control their movement by the Baghdad government.

All visits between Baghdad and Washington after 2003 did not change any reality in Iraq because they were protocol and nothing more.

The Coordination Framework forces hope that the Sudanese government will be accepted by the American side.

The visit will not discuss the truce between the factions and the Americans in Iraq, but rather it will discuss Iran's role and influence in Iraq.   LINK

Frank26:  "AS WE TOLD YOU KTFA FAMILY... SUDANI WILL TALK TO DC ABOUT THE MONETARY REFORM BEFORE HE TALKS ABOUT ANYTHING ELSE!!!"........F26 

THE DOLLAR IS ON THE SUDANESE DIALOGUE TABLE IN WASHINGTON.. AL-AWADI TALKS ABOUT THE FUTURE OF THE IRAQI DINAR

4/11/2024

The Iraqi government spokesman, Bassem Al-Awadi, confirmed today, Thursday (April 11, 2024), that the dollar file and the work of banks will be strongly present during the visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington, suggesting that the dinar’s situation in the future will be better.

Al-Awadi said in an interview with “Baghdad Today” that “after the issue of activating the strategic framework agreement between Washington and Baghdad and the security aspect, the economic file will be present and strongly during the Prime Minister’s visit to the United States,” indicating that “the relationship with the US Treasury and the Federal Bank continues and the dialogues are ongoing.” “It did not stop with them over the past year, as there were several mutual visits, announced or unannounced, to discuss this file.”

Al-Awadi added, “The Sudanese will discuss the issue of banks and the economic and administrative reform of financial institutions and banks, as well as the dollar file,” explaining that “the price of the dollar ranged within the range of 147 thousand dinars for every 100 dollars during the short period at a time when the government took over its duties and the price of the dollar against the dinar was approaching.” From 148 thousand, meaning that the price is lower than before.”

He stressed that “the solution to the dollar crisis does not come with the push of a button. Rather, it requires economic reforms and includes many aspects, including political and economic ones. It needs a period to regulate the banks and reap the fruits of the central bank’s packages and the government’s decisions, which as a whole have begun to bear fruit through a gradual decline in the exchange rate of the dollar against the dinar.” “, stressing that “there are assurances from the economic team supervising the issue, and we expect that the situation of the dinar will be better in the future.” 

 It is hoped that, a few days from now, Prime Minister Muhammad Shiaa Al-Sudani will visit Washington and the White House to meet with US President Joe Biden.

 Last March, the White House announced that on April 15, the White House would receive the Sudanese President, stressing that the leaders would reaffirm their commitment to the Strategic Framework Agreement, and would work to deepen their shared vision for a secure, sovereign, prosperous Iraq fully integrated into the broader region.

He pointed out that President Biden and the Sudanese Prime Minister will consult on a range of issues during the visit, including our shared commitment to the permanent defeat of ISIS and the development of the military mission nearly ten years after the formation of the successful global coalition to defeat ISIS.

He stated that they will also discuss the ongoing Iraqi financial reforms to promote economic development and progress towards Iraq’s energy independence and modernization.   LINK

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Frank26:  "SUDANI TELLS THE WORLD IRAQ IS SECURE & STABLE... FOR THEIR MONETARY REFORM... AND YOUR CONTRACTS ARE ALSO SECURED!!!"...........F26

Al-Sudani to American companies: The current stability in Iraq is encouraging for you to engage in development projects

4/12/2024

 Prime Minister, Muhammad Shiaa Al-Sudani, called on American companies to work inside Iraq.

Al-Sudani said, the current stability in Iraq should encourage American companies to engage in important development projects in the fields of energy, communications, housing, health care, education, transportation, and others.

He added that it is also important that we combat corruption, which is the other side of terrorism, as its impact is no less devastating, and that we work to ensure that the people’s money is directed towards valuable goals, and that it is also imperative that we work to diversify our economy away from dependence on oil, even while we benefit from it. From our position as the second largest oil exporting country in OPEC (in addition to our possession of large reserves of natural gas)

Al-Sudani stated, “Our urgent need for American expertise and technology extends to clean energy and the green economy, as we seek to develop sustainable and renewable sectors,” adding that “the strategic framework agreement established the legal basis for these activities, and that by investing in them, it will enable us to put Iraq in a position that helps it strengthen Its democracy, strengthening the state, and strengthening the rule of law, are the pillars that will allow us to restore Iraq to its historical brilliance.    LINK

Frank26:  "THE MONETARY REFORM STANDS SHOULDER TO SHOULDER WITH THE ECONOMIC REFORM!!!".....F26 

Al-Sudani: We are working to correct the state’s economic paths

4/10/2024   Baghdad

Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Wednesday, that the government is working in all directions and stability has been achieved thanks to the blood of the martyrs, while he indicated that the government is working to correct the state’s economic paths. 

A statement from the Prime Minister’s media office, received by Al-Iqtisad News, stated that “Al-Sudani received ministers, heads of bodies, deputy ministers, and military and security leaders from various formations and categories of our armed forces, as well as heads of federations and unions, and a number of tribal sheikhs and notables from Baghdad Governorate, congratulating them on the occasion of Eid Al-Fitr. ".
He added, "The Sudanese exchanged congratulations with the well-wishers, praying to God to protect Iraq and the Iraqis, and to grant our homeland and our people the blessing of security and stability."

The Prime Minister stressed - according to the statement - that “security and stability require that the state be productive and stable and perform its duties in the correct manner,” noting that “the government is working on these benefits in stages, and at the beginning of its work it focused on services, in order to reassure citizens that they are serious.” The government and its commitment to its programme.

Al-Sudani stressed, "This government is not working in one direction, but rather has a group of files in all directions, including critical issues related to correcting the state's economic paths, as it is working to address them, which will have a major impact on the state in the future."

He pointed to "the government's efforts to arm and modernize the Iraqi army and armed forces and to develop internal security services," stressing that "enhancing reassurance in the work of service institutions and ministries will be matched by reassurance among investors and businessmen inside and outside Iraq."

He concluded by saying: "The security and stability that has been achieved is thanks to the blood of the martyrs and their sacrifices."   LINK

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Frank26:  "IT EXCEEDS BECAUSE OF THE MONETARY REFORM SUCCESS!!!"........F26

Mazhar Saleh: The summer season generates economic activity in personal income that exceeds the state of recession

4/11/2024

The financial and economic advisor to the Prime Minister, Mazhar Muhammad Saleh, explained today, Thursday, that the summer season generates economic activity in personal income that exceeds the state of recession.

Saleh told {Al-Furat News} agency: “I do not think there will be a recession in the markets and the country is heading into the summer, as each season has its conditions and life, economic and social requirements.” 

He explained, "Markets adapt in organizing their offer to meet seasonal changes, especially the needs of the summer season due to the temperature of the weather and the requirements of living."

He added, “Business activity in construction and construction requires the creation of a demand for goods and services that suit the country’s season, which is characterized by high temperatures, taking into account that the summer season is considered one of the best prosperous seasons in providing a local supply of agricultural products, which generates high-employment internal economic activity.

There is an abundance of personal income and an increase in demand or total spending, which encourages economic activity, which goes beyond the state of recession.” 

From.. Raghad Dahham    LINK

KTFA Sat.Night CC: " FRANK26…..4-13-24…..HURRY BACK HOME SUDANI!!!"

KTFA

Saturday Night Conference Call

FRANK26…..4-13-24…..HURRY BACK HOME SUDANI!!!

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

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=0Y9fYKdBFJw

KTFA Friday Night CC: "FRANK26….IQD UPDATE….4-12-24…..SUDANI IS TALKING"

KTFA

Friday Night Conference Call

FRANK26….IQD UPDATE….4-12-24…..SUDANI IS TALKING

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

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=99wDcQ__qrA

KTFA Wednesday Night CC: " FRANK26….4-10-24….IQD UPDATE…..EDDIE IS WAITING"

KTFA

Wednesday Night Conference Call

FRANK26….4-10-24….IQD UPDATE…..EDDIE IS WAITING

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

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=XEbwe_At8P0

Some "Iraq News" Posted by Clare at KTFA 4-10-2024

KTFA:

Clare:  Al-Hakim and Al-Khazali in the Eid sermon: We support Al-Sudani’s visit to Washington and hope for its success

4/10/2024

Asaib Ahl al-Haq, Qais al-Khazali, said today, Wednesday, that the visit of Prime Minister Muhammad Shia al-Sudani to Washington is important and we hope that it will be a success. The leader of the National Wisdom Movement, Ammar al-Hakim, also expressed his hope that the visit will enjoy Iraqi support and consensus to enable the government to facilitate dialogue and negotiation.

Al-Khazali during the Eid sermon, followed by Network 964:

The position of Prime Minister Muhammad Shiaa Al-Sudani, and the coordination framework, is clear in not agreeing to the continuation of the foreign military presence.

The Prime Minister's upcoming visit to Washington is important, and we hope that the visit will be a success.

There is international will, planning, and action that created the terrorist organization ISIS, and the Iraqis are able to complete their security and political sovereignty.

Al-Hakim during the Eid al-Fitr sermon, followed by the 964 network:

There is an upcoming visit by the Prime Minister to Washington and a meeting with the President of the United States of America and senior officials there. We believe that this visit is important and must have Iraqi support and consensus to enable the government to facilitate dialogue and negotiate the future of Iraqi-American relations, which are taking on new dimensions according to the ongoing discussions, dialogues and negotiations. .

Iraq wants to establish a strong partnership with all countries of the region and the world within the framework of mutual respect and common interests, while respecting its sovereignty and preserving its independence by all, and in a sound atmosphere that enables everyone to make the right and fruitful decisions.   LINK

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Clare:  The agenda of the Sudanese visit to Washington and his accompanying delegation was revealed

4/10/2024

 An official source in the Ministry of Foreign Affairs revealed the agenda of Prime Minister Muhammad Shiaa Al-Sudani’s visit to the United States next week.

The source said, “The visit scheduled for the fifteenth of this month to Washington will include, in addition to the Prime Minister, a number of Iraqi military and security leaders,” adding that “the file of the American forces, the role of the international coalition, and the American sanctions on Iraqi banks and financial institutions, will be discussed.” Header of the files to be searched.

He stated that the visit will draw "a new picture of cooperation between Iraq and the United States, including setting a schedule to review the American military presence in Iraq," stressing that the expected announcement of the meeting between US President Joe Biden and Sudanese will include American support for the Iraqi forces, and in the field of development and reconstruction as well.

Al-Sudani is scheduled to visit Washington on the 15th of this month. LINK

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Clare:  Al-Sudani: We are working to correct the state’s economic paths

4/10/2024  Baghdad

Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Wednesday, that the government is working in all directions and stability has been achieved thanks to the blood of the martyrs, while he indicated that the government is working to correct the state’s economic paths. 

A statement from the Prime Minister’s media office, received by Al-Iqtisad News, stated that “Al-Sudani received ministers, heads of bodies, deputy ministers, and military and security leaders from various formations and categories of our armed forces, as well as heads of federations and unions, and a number of tribal sheikhs and notables from Baghdad Governorate, congratulating them on the occasion of Eid Al-Fitr. ".

He added, "The Sudanese exchanged congratulations with the well-wishers, praying to God to protect Iraq and the Iraqis, and to grant our homeland and our people the blessing of security and stability."

The Prime Minister stressed - according to the statement - that “security and stability require that the state be productive and stable and perform its duties in the correct manner,” noting that “the government is working on these benefits in stages, and at the beginning of its work it focused on services, in order to reassure citizens that they are serious.” The government and its commitment to its programme.

Al-Sudani stressed, "This government is not working in one direction, but rather has a group of files in all directions, including critical issues related to correcting the state's economic paths, as it is working to address them, which will have a major impact on the state in the future."

He pointed to "the government's efforts to arm and modernize the Iraqi army and armed forces and to develop internal security services," stressing that "enhancing reassurance in the work of service institutions and ministries will be matched by reassurance among investors and businessmen inside and outside Iraq."

He concluded by saying: "The security and stability that has been achieved is thanks to the blood of the martyrs and their sacrifices."  LINK

Clare:  The Prime Minister and the Jordanian King discuss ways to develop bilateral relations between the two countries

4/10/2024   Baghdad - 

Prime Minister Muhammad Shiaa Al-Sudani and Jordanian King Abdullah II bin Al-Hussein discussed, on Wednesday, ways to develop bilateral relations between the two countries.

The Prime Minister’s Media Office stated, in a statement received by the Iraqi News Agency (INA), that “Prime Minister Muhammad Shiaa Al-Sudani exchanged, via a phone call, with the King of the Hashemite Kingdom of Jordan, Abdullah II bin Al-Hussein, congratulations on the occasion of the blessed Eid Al-Fitr, as both sides rejoiced. May God Almighty continue the blessing of security and stability to the peoples of the two brotherly countries, and to the entire Islamic nation.”

The statement continued, "The call witnessed discussion of bilateral relations between the two countries and ways to develop them, and a review of the current conditions in the region, especially the ongoing aggression against the Palestinian people in Gaza, and calls to stop the genocide, and for the international community to assume its responsibilities, for a ceasefire and the delivery of aid." "Humanity."   LINK

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Clare:  The Prime Minister and the Emir of Kuwait discuss joint work to open horizons towards sustainable development

4/10/2024

Prime Minister Muhammad Shia Al-Sudani and the Emir of the State of Kuwait, Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, today, Wednesday, discussed joint work to open horizons towards sustainable development.

The Prime Minister’s Media Office stated, in a statement received by the Iraqi News Agency (INA), that “Prime Minister Muhammad Shiaa Al-Sudani received a phone call from the Emir of the State of Kuwait, Sheikh Meshaal Al-Ahmad Al-Jaber Al-Sabah, during which congratulations were exchanged on the occasion of the blessed Eid Al-Fitr. The two sides expressed their wishes to the two brotherly peoples, and to the rest of the peoples of the Arab and Islamic nation, for continued stability, security and prosperity.

The statement added, "The call witnessed discussion of bilateral relations between the two countries and an effort to strengthen them, and highlighted the current challenges at the regional and international levels, and ways of joint action, in order to extend stability and open horizons towards sustainable development for the benefit of the peoples of the region."   LINK

KTFA Monday Night CC: " FRANK26….4-8-24….IQD UPDATE…….ARE YOU READY? "

KTFA

Monday Night Conference Call

FRANK26….4-8-24….IQD UPDATE…….ARE YOU READY?

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

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE= IMPLEMENTATION

https://www.youtube.com/watch?v=I4Es0jX_6Rg

Frank26: " News and Views" Sunday 4-7-2024

KTFA:

Frank26:   "THE NEW EXCHANGE RATE OF THE CBI RANKS VERY HIGH."............F26

 Iraq ranks high on the list of “most influential” countries in the world

4/4/2024

Iraq ranked high on the list of “most influential” countries in the world for the year 2024, an index that measures 11 details that include military power, international alliances, trade, culture, diplomatic influence, and others.

Iraq ranked 49th globally out of 194 countries, while it ranked fourth in the Arab world after Saudi Arabia, which ranked ninth globally, then the Emirates and Egypt, and then Iraq, whose global score reached 83 out of 100.

In first place in the world, the United States of America came in the world for the year 2024, with a number of points reaching 95.3 out of 100, and then China came with a number of points reaching 95 points out of 100.

The index includes the perceptions of more than 320,000 experts, such as politicians and business leaders, and countries are ranked based on the highest scores among 11 characteristics: military strength, strong international alliances, highly respected state leadership, international trade and travel, and power. Economic, country culture, diplomatic influence, global diaspora, media influence, being beneficial to other countries in need, and how connected those countries are to the rest of the world, according to SeaWorld.   LINK

Frank26:  "THE WORLD POURS INTO IRAQ & THEIR WATER BRINGS THE WORLD TO THEM!!!"........F26

A new position from the World Bank regarding the Grand Port of Al-Faw

 4/6/2024   Baghdad

The World Bank expected, today, Saturday, that Iraq will enter the global trade route once the large Al-Faw port is operational.

Ibrahim Dajani, Director of the World Bank’s Transport Sector in the Middle East and North Africa region, wrote during his visit to Al-Faw Port, “Once Al-Faw Port is occupied, Iraq will be placed on the path of global trade between the East and Europe, which will provide opportunities for investment in logistical centers and industrial and commercial activities, as it will provide job opportunities.” For young women and men.”

He added, "I am happy with the Iraqi government's decision to enter into a partnership with the World Bank to achieve this important endeavor."

The large port of Al-Faw is located on the Al-Faw Peninsula, south of Basra Governorate. The cost of the project is about 5 billion dollars, with a total area of ​​54 square kilometers. The capacity of the planned port is estimated at 99 million tons annually, to be one of the largest ports overlooking the Gulf and the tenth largest in the world.

Iraq has completed the construction of more than 60% of an undersea tunnel linking the coastal region to international trade links through what is known as the development road with Turkey.

By the year 2038, Iraq is expected to earn $4 billion from the new port activity, to which indirect revenues will be added, such as transit services through the development road extending to Turkey and Europe, which competes with several global trade lines, thanks to the reduction in time.   LINK

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Frank26:  "MANY THINGS ARE NOW IN PREPARATION FOR THE MONETARY REFORM".........F26

Install 1,000 ATMs in cities in the Kurdistan Region by the end of 2024

4/5/2024

The process of registering employees in the Kurdistan Region continues with the “Hasbi” project, which is a digital financial payment system. Employee registration has reached 260,000 people, and 153,000 cards have been issued to those registered.

The regional government said in a statement today, Friday, that by the end of 2024, about 1,000 ATMs will be installed in all governorates, districts and regions of Kurdistan, so that employees can easily receive their salaries.

According to the statement, the number of banks participating in the project is constantly increasing, and so far they are (BBAC - NBI - RT - Cihan - IIB), all of which have been recognized and accredited by the Central Bank of Iraq.

Since last year, as a pilot, Erbil Maternity Hospital employees have received their salaries through the “My Account” banking system.

At the end of last year, the faculties of arts, agriculture, and science at Saladin University received their salaries through the same system.   LINK

Frank26:  "SAUDI ARABIA DOES NOT INVOLVE ITSELF WITH A PROGRAM RATE."..........F26

 Iraq and Saudi Arabia sign 12 memorandums of understanding for specific investment projects

 4/6/2024

Iraq and the Kingdom of Saudi Arabia signed memorandums of understanding with 12 Saudi companies with the aim of enhancing cooperation in a number of specific investment projects.

 A statement from the ministry, a copy of which {Al-Furat News} received, said, "The memorandums of understanding signed with 12 Saudi companies came with the Iraq Fund for Development, with the aim of enhancing cooperation in a number of qualitative investment projects in Iraq."

Last December, Saudi Arabia signed a partnership agreement with Iraq in the field of industrial investments for the private sector, as part of the two countries’ efforts to strengthen their bilateral relations and attract foreign investments.   LINK

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Frank26:  "GIVE BACK 8.5% ON A 4 YEAR BOND NOTE ON A PROGRAM RATE OF 1320... NO WAY!!!"........F26

 "A good investment"... What is the goal of the Iraqi Central Bank in issuing financial bonds with high annual interest?

 4/6/2024 – Baghdad

With inflation rates in Iraq currently reaching 5.5%, and expectations that it will reach 6% by the end of the year, the Central Bank announced the launch of financial bonds with the highest annual interest, at 8.5%, as well as for deposits in the private banking sector.

According to economic expert Manar Al-Obaidi, in a post on his page on the Facebook platform, the aim of these bonds is to attract and encourage capital outside the banking system through high interest rates to enter the banking sector, adding that the annual interest rate announced by the Central Bank is encouraging to the investor and depositors, due to its high content. , which is considered a good return on investment compared to its lack of risk.

Al-Obaidi stressed that these bonds are guaranteed by sovereign guarantees of a country that currently has sufficient money reserves, and therefore the risk rate of these bonds is zero and non-existent, and they are purchased through the Iraq Stock Exchange and through market intermediaries.

Al-Obeidi encouraged buying these bonds and selling them in the future at a higher price, meaning that the investment should not only be in the deposit interest but also in the price of the bond itself.

In his publication, Al-Obaidi touched on “depositing money in the private banking sector,” explaining that there are 4 to 5 private banks that own the largest share of the market and their financial data, and are considered very excellent and achieve great control in the Iraqi market. The decision to choose the bank to place deposits depends on the annual interest rate and method. Benefiting from the interest, how to break the deposit, as well as the financial statements of the bank and the extent of its presence and spread in Iraq.

Al-Obaidi concluded his post by “emphasizing that the success of investment depends on two factors: the first is the amount of profit, and the second is the amount of risk, and only the owner of the money can decide the amount of risk to be taken in exchange for the profit rate,” stressing that investing in bonds and deposits is a good solution for those who do not He wants to intervene in the field of investment and its challenges.”   LINK

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Frank26:  "THE HCL... IS HERE... BECAUSE OF THE NEW EXCHANGE RATE.".............F26

 In the presence of Nechirvan Barzani and Al-Sudani... the start of the state administration coalition meeting

 4/6/2024

The State Administration Coalition held an extraordinary meeting this evening, Saturday, in the presence of the President of the Kurdistan Region, Nechirvan Barzani.

And earlier; The President of the Kurdistan Region, Nechirvan Barzani, confirmed that an initial agreement had been reached on the oil file, which is one of the most prominent outstanding problems between Baghdad and the region.

Barzani, who is visiting Baghdad, said in an interview with reporters after his meeting with Prime Minister Muhammad Shiaa Al-Sudani: “We thank the Prime Minister for his efforts to solve the problems between Baghdad and Kurdistan, and in the same way his efforts to solve the rest of the problems in Iraq, and we note that since he took office until today, he has been working on Serving Iraq as a whole, including the Kurdistan Region.  LINK

Some "Friday News" Posted by KTFA Members 4-5-2024

KTFA:

Clare:  Iraq will become an "alternative" to the Suez Canal

4/5/2024

 Reports published by Reuters International and Splash News Agency, today, Thursday, described the large Al-Faw port project, which was expected to be completed next year, as “an alternative to the Suez Canal,” stressing that “Iraq will become, during the next few years, a “center” for international trade between the East and the Middle East.” And the West.” 

Reuters said, according to a report translated by NRT Arabic, that the Gulf countries are fully aware of the economic development taking place in Iraq, which is expected to increase soon with the completion of the Al-Faw port project and “huge” business projects, including Gulf investments in the country through the establishment of residential complexes and tourist hotels, indicating, “The Gulf has begun... "He is testing the waters by transferring his international investments to Iraq." 

She continued, "According to Gulf expectations, Baghdad will become one of the most important Arab capitals for the next twenty-five years," explaining what Splash Agency reported about the expected development of the Iraqi economy through the end of the Al-Faw port, which she said would turn Iraq into an "alternative" to the Suez Canal and an international trade corridor connecting Between East and West. 

The agency also confirmed that the new port will be able to receive goods and goods and transport them through Iraq to Turkey and then Europe in a “huge and unprecedented” manner by receiving cargo ships and giant oil tankers, which will “contribute” to transforming Iraq into an oil export center in addition to its new location as an alternative. About the Suez Canal, according to its description. 

The agency also noted that the Al-Faw port project, which has been stalled since 2010, is expected to end next year with the Iraqi authorities insisting on ending it after concluding an agreement with Turkey to establish railways and roads worth $17 billion, ensuring that the two countries will transform into a commercial transport point. Goods and commodities between the continents of Europe and Asia. 

It is noteworthy that the agency also indicated that the limited transportation of ships through the Suez Canal, which allows the passage of a small number of tankers and giant trucks, will help transform the large Al-Faw port and its transportation route into a “suitable alternative” that allows the movement of very large quantities of goods and commodities without long waiting periods, according to the agency. Describe it.   LINK

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Clare:  After the Eid...a parliamentary movement was revealed to host the Sudanese in Parliament

 4/5/2024  Baghdad 

Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, held the government responsible for delaying the release of budget allocations, noting that many projects have been halted due to the failure to release financial allocations.

Al-Kadhimi said in an interview followed by Mawazine News, that “the Prime Minister’s advisors are putting the final touches on the budget, and it is expected to be sent to Parliament for a vote after the Eid,” indicating that “there are increases in salary requirements that reached 8.5 trillion dinars per month, which led to an increase in salary requirements.” The size of the budget reaches 228 trillion dinars.”

He added, “The projects of the Ministries of Health and Education were halted due to the delay in approving the budget, despite the presence of advances approved by the Ministry of Planning.”

Al-Kadhimi called on the government to “send the budget schedules to Parliament as soon as possible for approval,” noting that “the disbursement of financial allocations should not be affected by delays in the schedules, given that the budget is three-year.”
He revealed, “A parliamentary move to host the Prime Minister, the Ministry of Finance, and the relevant authorities in Parliament to discuss the reasons for the delay, if the budget is not sent after the Eid al-Fitr holiday.”   LINK

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Clare:  Advisor to the Association of Private Banks: Al-Sudani will discuss the sanctions file on 28 banks in Washington

4/5/2024  Baghdad

Advisor to the Association of Private Banks, Samir Al-Nusairi, announced that the US sanctions on 28 banks constitute one of the important files on the agenda of Prime Minister Muhammad Shiaa Al-Sudani during his visit to Washington.

Al-Nusairi said in an interview followed by Al-Eqtisad News, “During his visit to Washington, during which he will be accompanied by a delegation from the Central Bank and the banking sector, Al-Sudani will discuss the sanctions and restrictions imposed by the United States on the 28 banks, which deprived them of dealing in the US dollar.”

He believed that these sanctions and restrictions constitute “one of the important files that the Prime Minister carries with him to Washington,” indicating that the file “falls within the financial and banking reform stipulated in the Prime Minister’s government program.”  LINK

Don961:  Zimbabwe launches new gold-backed currency

 Harare – Zimbabwe’s central bank launched a new “structured currency” backed by gold on Friday, as it seeks to tackle sky-high inflation and stabilise the country’s long-floundering economy.

The ZiG — short for Zimbabwe Gold — will replace the Zimbabwean dollar which has tumbled in value over the past year, pushing inflation through the roof, Reserve Bank governor John Mushayavanhu said. 

“With effect from today… banks shall convert the current Zimbabwe dollar balances into the new currency,” he said, presenting a monetary policy statement.

He also announced a drastic cut in the bank’s main interest rate, from 130 percent to 20 percent. 

The ZiG will be “fully anchored and fully backed” by a basket of reserves comprising foreign currency and precious metals — mainly gold, Mushayavanhu added. 

The move is aimed at fostering “simplicity, certainty, (and) predictability” in Zimbabwe’s financial affairs, he said, presenting the new banknotes that come in eight denominations ranging from 1 to 200 ZiG.

The Zimbabwean dollar has lost almost 100 percent of its value against the US greenback over the past year.

On Friday, it was officially trading at around 30,000 against its more coveted US counterpart — and at 40,000 on the black market, according to tracker Zim Price Check.

Its poor performance contributed to the southern African country’s high inflation rate, which after climbing well into the triple digits last year, was at 55 percent in March, according to official data. 

This has piled pressure on its 16 million people who are already contending with widespread poverty, high unemployment and a severe drought induced by the El Nino weather pattern.

– More gold needed? –

Zimbabweans have 21 days to convert their old cash into new money, Mushayavanhu said.

The new banknotes feature a drawing of gold ingots being minted, as well as Zimbabwe’s famous Balancing Rocks, which already appeared on the old ones. 

Zimbabwe boasts vast gold deposits, with the precious metal accounting for almost 25 percent of all exports in January, according to official data.

But analysts have questioned whether Harare has enough reserves to adequately back the currency, and if the latter could suffer from volatility in gold prices. 

On Thursday, President Emmerson Mnangagwa inspected the central bank’s vaults that Mushayavanhu — who was appointed earlier this year — said hold 1.1 tonnes of solid gold. 

The bank also has almost 1.5 tonnes more abroad, as well as $100 million in cash and precious minerals such as diamonds that if converted into gold would account for another 0.4 tonnes, he added.

All together the reserves’ value totals $285 million, which Mushayavanhu said was “more than three times cover for the ZiG currency being issued”.

But some were sceptical. 

“We obviously need more,” said economist Prosper Chitambara, adding that other countries such as neighbouring South Africa had much larger reserves. 

“The more the reserves, obviously, the more the confidence and the more your capacity to be able to defend your currency against any shocks.” 

The central bank said it would adopt a tight monetary policy, linking money supply growth to growth in gold and foreign exchange reserves. 

– Trillion-dollar inflation –

Soaring prices have brought back memories of 2008, when hyperinflation was so out of control that the central bank even issued a 100-trillion-dollar note — now a collectors’ item. 

The government was eventually forced to ditch the local currency and adopt the US dollar as legal tender. 

The Zimbabwean dollar was revived in 2019, but it has suffered from much the same issues as its previous incarnation. 

Most Zimbabweans prefer to do business, get paid and hold their savings in US dollars. 

Many who earn a salary in local money rush to currency exchange shops on pay day.

The government has previously resorted to various expedients to stabilise the economy, including issuing gold coins and launching a gold-backed digital currency but they have yielded little results.    LINK

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Don961:  The legal basis for depositing oil revenues in the US Federal Reserve, CBI clarified

2024-04-02 01:53

Shafaq News/ The Central Bank of Iraq (CBI) clarified on Monday the legal rationale behind depositing oil revenues in the US Federal Reserve.

Documents released by the bank and seen by Shafaq News agency state that "the legal basis for depositing oil revenues in the Federal Reserve Bank in New York under the IRAQ2 account instead of the Development Fund for Iraq (DFI) is linked to the expiration of Executive Order 13303 issued by the US President in March 2003.

 This order granted immunity to Iraqi funds deposited in the DFI account at that time. Furthermore, the protection of Iraqi funds provided by UN Security Council Resolution 1483 of 2003 ended with the issuance of UN Resolution 1956 at the close of 2010."

The documents elaborate, "Hence, the IRAQ2 account was established to receive proceeds from Iraqi crude oil exports, subsequently transferred to the Central Bank of Iraq's account at the Federal Reserve Bank within 24 hours to safeguard them from creditors' claims. These funds are categorized as belonging to the Iraqi government, derived from crude oil exports. This arrangement was formalized through a Memorandum of Understanding signed between the Iraqi Ministry of Finance and the Central Bank of Iraq on 2/6/2014, which serves as the legal framework for the IRAQ2 account as an alternative to the Development Fund for Iraq account."

The documents clarify, "Immunity granted by these documents is applicable solely to sovereign funds and does not extend to funds utilized for commercial purposes."

Addressing the third paragraph, the documents detail that "foreign reserves may be deposited with various external entities, central banks, and financial institutions, not limited to the Federal Reserve Bank. Interest rates vary based on investment category, duration, and the institution. Additionally, Orient, the contracted shipping company, transports dollar shipments from the Federal Reserve Bank to Baghdad International Airport, with insurance at $414,000 per shipment and transportation fees of $216,310 provided by the Legislative Affairs Department, Parliamentary Oversight Division."

Furthermore, they state, "Domestic transfer of oil sales revenues is impractical due to operational constraints, risking Iraq's financial operations if funds remain within the country.

Closing the Federal Reserve Bank account could expose Iraq to international claims and hinder settlements in US dollars without an account at the Federal Reserve Bank or another American commercial bank."  LINK