“Good Things in our Favor” – Sun. PM KTFA Thoughts, News w/ MilitiaMan 5-2-21

KTFA

Don961 » May 2nd, 2021

Housing development boosts the dollar cycle in the markets

Sunday 02nd May 2021

Baghdad: Morning 

International economist Muhammad al-Najjar urged to attract the monetary blocks hoarded in homes to the field of work, by creating outlets that attract this money in a direction that benefits both parties to the process.

He said: “The dollar cycle around the world revolves 23 times, while inside Iraq it continues three cycles and hoardes, and this matter does not serve the capital cycle in this aspect, and here we can benefit from global experiences, where the citizen works to operate his sums, he does not hoard them. Here it will benefit the country and its personal economy by adopting sound mechanisms through the stock exchange or investment companies Contribution ».

It is noteworthy that the World Bank reports indicate the existence of a dollar block in Iraq, which does not find access to the economic process that attracts capital this is. 

He pointed out that «the development of the housing sector leads to the creation of a major economic movement and provides many job opportunities for the skilled and unskilled labor within this sector and in other supportive sectors, and attracts a large proportion of the hoarded cash mass Iraq”.   LINK

Zelmo » May 2nd, 2021

If I read this article correctly, we are being told that the Iraqis are still hoarding their money in their homes.  If correct, isn’t it possible that the CBI is still trying to collect more of the large denomination dinars; hence, which would explain (IMO) why 1-to-1 either has not occurred or is not being publicly released.

DeepWoodz » May 2nd, 2021

Imo…Im sure someone somewhere knows the real reasons behind the scenes. I can pose a positive spin on this though. 

We know there is a second set of books in use. Or was. 

We know that they are supposed to be 1:1 DIGITALLY. 

We know that Iraq has agreements with MANY countries concerning trade which must involve the exchange rate, and no country wants to deal with a program rate. 

My thoughts are they will reveal it to the world when they have reached their benchmarks. I believe the agreements they have with the international world are already in effect with the new rate.

I believe when the amount of 000’s that they are recovering dwindles down to almost nil, that’s when they pop out with the NSCN’s (New Small Category Notes)  and the new rate to the citizens. 

Remember that when the citizens have it, the world is right behind them! Game over. 

Notice the article out about Ministry of Culture talking about hurrying and gettin on with the digital transformation! Progress is being made in a hurry and it can only be for one reason. They want that rate out to benefit the citizens! It won’t work without them and OH BABY is it going to work with them!!!

MilitiaMan » May 2nd, 2021

Deepwoods, well done.  It also  suggests not only housing but the stock market will be a mechanism to stimulate growth and support the economy. Imo  Adjusting the rate accordingly will attract that hoarded money, as by investing their hoarded money into the ISX will increase value based off supply and demand.

The more the money flows in, the higher stock prices go which in turn supports the economy from buying and selling local products.

The NIC has already started the campaign for investors to come apply for opportunity to invest in many sectors specific ones and many of them.

Yesterday was to be a day where the Iraq Trade Bank was to start the Interconnectivity of digital Dinar and the Dollar. If that connectivity has in fact been put in place electronically, then it would seem that the ISX will need the same ability electronically.

 If they are opening to the world and they are imo, the borders crossings are already waiting and ready.

The logistics are far more complex than what Final Articles ever mentioned.. imo It surely has been a remarkable amount of progress to get this far. I agree with many there is no turning back.

The pressure has been turned up once again and the citizens are speaking very loud!!

The politicians may want to be very careful holding back and influencing the lack of retroactive payments. If the citizens find out they are the hold up of them getting them to them, it won’t go over well and they’ll vote em out!! Or even worse.. lol

There is plenty of data out from prominent economists the even of recent mentioned clearly that there is to a focus on the matter and that the HCL needs to be sorted and quickly for the whole!!

Digitization will have that taken care of. A level playing field with the smart technology initiative in mind will set this in motion quite quickly. At least it sure looks that way!!!

All the work to date shows me that they are not stopping and the corrupt are seeing evidence of that fact more and more as Kahdimi is after them and he appears to not be stopping.

A good thing on all fronts imo- MM

Source: Dinar Recaps

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DeepWoodz » May 2nd, 2021

From article….”During the workshop, a senior representative of JP Morgan and Buna executive team, will share insights and important information on Buna’s recent success of adding the US Dollar to its diversified list of Arab and International settlement currencies.”

Question for you MM..Is it possible for countries in the AMF which use Buna as their platform, to have internal exchange rate agreements without telling the rest of the world their business?  

MilitiaMan » May 2nd, 2021

My understanding the AMF likes to keep their cards close to the chest when it comes to specifics on currency exchange rates, if they can and are playing within international rules, I would suspect so.

The AMF tells us the valuation of the AAD is 3x SDR / IMF. They don’t get specific from what I see.

What I have seen is them give values of loans in USD terms whereby, one can do the math based I’ve the value and come up with an exchange rate. If I recall accurately there were loans to Tunisia a couple years ago that amounted to over $4.00 USD.

Even today 3x SDR is over that.. As of Friday the SDR at the IMF is over $1.43+.. If they keep to what the AMF has for the AAD, we can have an idea what to look for into the future. Imo..

We know from what we have been told they are not floating the currency. Thus, to be stable they’ll need a strong and stable exchange rate for to do that. To defend a currency at a low rate can be far to risky. The stronger it is the better and easier it is to defend imo.

Let’s see what they decide to show us next. The list of things accomplished now is powerful. E-Government is in place. E-Commerce is in place. Electronic borders for fees, taxes, customs, etc., are all set and ready to go.  

E-Payments and settlements… done…. ready to go..

Digital Dinar and Dollar were to have Interconnectivity yesterday with and through the Iraq Trade Bank.. I can presume that is done…  

Financial inclusion is done.. The ITB also has the full support of the USA, as does the Central Bank of Iraq. So we can see that by all those items, there is not much left to do other than adjust the exchange rate to meet international standards.

Thus, we can safely presume they have the citizens in mind in the end scheme of things and that is to bring them purchasing power and not more long term inflation.. imo

We are in a very powerful place and no one should be discouraged. I sure am not!! ~ MM

DeepWoodz » May 2nd, 2021

Nor am I!!! Just want to finish this thought. IMO So if AMF and Iraq and other kumbayas are keeping it quiet together for now, makes sense how stage 1 and stage 2 can be complete working on stage 3 and we wouldn’t have heard via forex, google, or wherever. If this is a scenario that is possible I don’t know. Just spit balling. 

If this is the case, by the time Dinarians like us hear about it, it may very well be the REER!! (Real Effective Exchange Rate)

Samson » May 2nd, 2021

Kurdish parliamentarian: The Kurdistan government is delaying the time for not delivering the oil

12:50 – 02/05/2021
The deputy of the Kurdish Hope Group, Ghaleb Muhammad, confirmed, on Sunday, that the Kurdistan Regional Government is stalling at the time in order not to deliver the oil to Baghdad.

“We entered in the fifth month and the budget agreement was about a month ago, and it is still not actually implemented, and this is because the government does not intend to deliver the oil,” Muhammad said in a statement to “the information”.

He added that “the budget agreement has become effective and does not require visits and technical delegations, and all the belongings are explained in the paragraphs of the law, but the regional government wants to gain time for electoral purposes, and with the aim of maintaining the deduction of employees’ salaries, which go to the benefit of the parties of power.”   LINK

MilitiaMan » May 2nd, 2021

This is an article depicting what I was talking about earlier. The parties that get shown to be holding things up in respect of the citizens livelihoods and future livelihoods too.. Making the citizens suffer for political gains can be a double edged sword. My bet is they’ll get the spark they need to get out of the way.. A spark in the wrong place could blow up in their faces especially if to much pressure is applied to the citizens. IMO  MM

Clare » May 2nd, 2021

PLEASE REMEMBER IN YOUR PRAYERS, WALKINGSTICK ….SURGERY WILL BE 8 AM EST, MONDAY MORNING…. THANK YOU

Samson » May 2nd, 2021

Representative economics: 95% of the materials consumed in Iraq are “imported”  

14:15 – 02/05/2021

A member of the Parliamentary Economic Committee, Representative Nada Shaker, confirmed, on Sunday, that 95% of the materials consumed in Iraq are imported.

Shaker said in a statement to “the information”, that “Iraqis are paying the price for the misfortune and corruption of the successive governments that unfortunately paid for bankruptcy in such a way that paying salaries has become one of the difficult things that the government has resorted to borrowing to secure, even though the country is a first-class oil country and is complemented by mineral resources and a very colossal nature.” In addition to human capabilities. ”

He added, “Iraq‘s economy is primitive and a lot of its resources are wasted, stressing that 95% of the consumed materials are imported despite all the available energies at home, but the absence of planning and the will to take decisive decisions has led us to reach a very miserable stage that has created very high rates of poverty and unemployment.”

She pointed out that “the negative economic repercussions strongly pressurize society and will have dire consequences in the near future, especially since the poverty crisis and the suffering of millions of simple people will explode in every great cost of living that has reached a very difficult stage.”

And Iraq suffers from a significant increase in corruption rates and confusion in its economic decisions, which affected the conditions of millions of poor people.”  LINK

MilitiaMan » May 2nd, 2021

The seriousness of this one is the pressure I speak of. Look at some of the language they use. Misfortune! Dire consequences!! All against the poor!! There comes a time when things get drastic, then drastic measures need to be used to counter the negativity of the situation that has been created by the devaluation and massive corruption that has taken place over the years!! The pressure now is in our favor imo.. – MM

Source: Dinar Recaps

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