“Report from Eddie and New Law” – Mon. PM KTFA Thoughts, News w/ Frank26, MilitiaMan 5-24-21

258

KTFA

Clare » May 24th, 2021

INCOMING REPORT FROM EDDIE:

Eddie:  Wow Mr Frank Erbil and Baghdad budget agreement will be implemented!!!!

Frank26:  I know Eddie we saw those three days ago and I’m rather excited because in my opinion I believe this is related to the monetary reform as well because Kurdistan did not want any more delays

Eddie: Mr. Frank you were right about the 20th and we are kind of excited here especially with disagreement on the budget because it seems like the Kurds we’re pushing for the HCL

Frank26: Yes Eddie and I told you everything waits for the new exchange rate but I think the waiting is coming to an end

Eddie Mr. Frank this is our oil and gas deal our HCL isn’t it

Frank26:  Yes Eddie and the next thing you will receive is purchasing power in your currency oh and by the way stop and think about it Iraq central bank has added a ridiculous amount of gold and other assets to back up their currency and it’s rather insulting to think that this mountain of gold is for a stupid program rate

The Kurds is what we were looking for but I also want you to take note China is not as stupid as they are cruel to see them pour in billions to get oil from your country because they cannot get it from Iran is only going to make your Country very rich and that’s just one of the endless countries that are coming into your economic reform and all because the monetary reform was done correctly properly and Proficiently with the Fab four and the whole international world knows this and loves it

Take care Eddie and yes the governor of the CBI on the 20th completed everything

Eddie Good night Mr. Frank we will report tomorrow

Frank26:   END…FRANK26

Samson » May 24th, 2021

Their demands have not been fulfilled … The demonstrators in Baghdad are preparing to take to the streets again

24th May, 2021

A correspondent of Mawazine News stated, on Monday, that protest activists and coordinators in the country are gathering for “large” demonstrations, which are scheduled to start tomorrow in the capital, Baghdad.

Our correspondent said, “The activists and coordinators have been gathering for days to hold a large demonstration in Baghdad on Tuesday, and they considered this demonstration a renewal in the protest movement that began on October 1, 2019.”

He added, “The protesters have identified three points for the demonstration, which are the Al-Firdaws, Al-Tahrir and Al-Nisour squares in the capital, Baghdad.”     LINK

Jerry1971 » May 24th, 2021

ITS A GOOD PRESSURE TACTICS FROM THE IRAQI CITIZENS ON THEIR GOVT AND CORRUPT POLITICIANS WHO HAVE NO FEELING OR CONSIDERATION FOR THEIR CITIZENS INTERESTING WEEK THOUGH HCL IS ON THE CARDS FOR APPROVAL BETWEEN KURDS AND BAGHDAD BY THIS WEEK END THESE PROTESTS WILL KEEP THE GOVT AND PARLIAMENT ON THEIR TOES TO GET THE REQUIRED LAWS PASSED URGENTLY FOR THE ECONOMIC AND FINANCIAL REFORMS TO TAKE PLACE IMO.   

Samson » May 24th, 2021

Member of Parliamentary Finance: Parliament intends to question five ministers

05/24/2021 11:57:52

A member of the Parliamentary Finance Committee said that the House of Representatives intends to question five ministers.

 In a press statement, Jamal Cougar said, “Five ministers are scheduled to be questioned during the upcoming parliamentary sessions, according to the words of Parliament Speaker Muhammad al-Halbousi,” explaining that “the ministers are electricity, finance, agriculture, industry, planning or higher education.”

And that “among the axes of the questioning of the Minister of Finance under the dome of Parliament is related to the Central Bank of Iraq, as well as the exchange rate of the dollar against the dinar, as well as the large general budget number, in addition to the issue of neglecting their contracts breached.” And the Iraqi Ministry of Finance confirmed earlier, that the 2021 budget did not include any allocations for those whose contracts were canceled.

Earlier, a number of deputies close to the crowd indicated that the return of those whose contracts had been canceled from the popular crowd to service was included in the 2021 budget, with two signs to confirm the clause of adding 30,000 job degrees to return their contracts with canceled members of the Popular Mobilization Forces.

It is noteworthy that the Central Bank of Iraq has resorted to reducing the price of the dinar against the dollar, in order to reduce the deficit in the federal budget for the year 2021, but with the rise in oil prices, expectations have spread about raising the exchange rate of the dinar against the dollar again.

LINK

Jerry1971 » May 24th, 2021

THANK YOU SAMSON! … THIS INFORMATION HAS ALSO BEEN WHAT WS & FRANK HAVE SHARED WITH US ON THE CC’S….imo

THE KURDS ARE NOT GOING TO LEAVE MONEY ON THE TABLE WITH AN INCREASE IN OIL PRICES FROM THE BUDGET PRICE OF OIL (RECALCULATE)… AND  MAYBE THE PERCENTAGE TO THE CITIZENS IS ALSO BEING RECALCULATED TO INCREASE ..WHO KNOWS… BUT WS & FRANK TOLD US THERE ARE MANY PARTS TO THE HCL… 

IF ADJUSTMENTS AND FINISHING TOUCHES ARE GOING ON NOW …THINGS ARE BEING WRAPPED UP IN SHORT ORDER.. IMO….AND AFTER FRANK & EDDIE’S REPORT LAST NIGHT! Boom!!

Samson » May 24th, 2021

Karbala: Overthrowing “corrupt” government employees and drug dealers

24th May, 2021

A security source in Karbala stated, on Monday, that government employees “corrupt” were arrested in a real estate department, as the provincial police overthrew a network specialized in drug trafficking in possession of more than 2000 pills.  

The source told Shafaq News that a team from the Integrity Investigations Office in Karbala governorate, accompanied by a security force, raided, today, the Real Estate Registration Department and arrested a number of employees accused of taking bribes from the auditors after receiving numerous complaints against them.

Also in the governorate, the detachments of the Department of Narcotics and Psychotropic Substances managed to arrest a gang specialized in drug trafficking, consisting of three people intending to trade these pills inside the city, according to a statement issued by the Karbala police and received by Shafaq News.

According to the statement, the detachments of the Narcotics Affairs Department monitored the three persons and tracked their movements until they were seized in possession of a large quantity of 2432 narcotic pills, indicating that they were seized according to a seizure report. The statement indicated that the three persons confessed to trading in narcotic substances, bringing them from outside the governorate and selling them inside Karbala, confirming their referral to the judiciary. LINK

Don961 » May 24th, 2021

The US Central Bank is intensifying its efforts to explore a digital version of the dollar

67 Economie 05/24/2021 21:04 mum Baghdad Today- Follow up

US Federal Reserve member Lyle Brainard said on Monday that the US central bank is stepping up efforts to explore the potential development of a digital version of the dollar.

This came at a time when an increasing number of consumers are using digital payments and while other governments are moving forward with issuing digital currencies.

As the world’s largest holder of reserve currency, Brainard added, the United States should be actively involved as digital payments become more common and other countries develop digital currencies that can be used to send money across borders.

She stated that the Federal Reserve is stepping up its research and public participation on a digital version of the US dollar.

She explained that the central bank must also anticipate changes in consumer trends and ensure that Americans have “safe cash from the central bank” as digital payments become more popular.   link

Source: Dinar Recaps


MilitiaMan » May 24th, 2021

Recovering $1 trillion in stolen money and put back into the coffers will go along way in maintaining the new exchange rate. imo.. Even $150 billion would be nice.. lol ~ MM

Samson » May 24th, 2021

The President of the Republic presents a bill to recover the stolen money and hold the corrupt accountable

23rd May, 2021

The President of the Republic, Barham Salih, announced, on Sunday, his intention to send a bill to recover the proceedsof corruption through a series of preemptive and deterrent measures, while noting that Iraq has lost a thousand billion dollars since 2003 due to corruption

In a special speech broadcast by state television and followed by Al-Iktissad News, Saleh said, “The draft law on recovering the proceeds of corruption includes pre-emptive and deterrent measures,” noting that “the draft law includes subsequent steps to recover the money of corruption

He added that “the law includes support for financial and supervisory institutions and activating their tools,” noting that “150 billion dollars were smuggled into the countries of the world through corruption deals

He continued, “Corruption and terrorism are interlinked and perpetuate one another, and because of them, thousands of young people have come out demanding an end to it  LINK

Representative economics: Social security revives the private sector after its clinical death

14:24 – 23/05/2021

The Parliamentary Economic and Investment Committee, Nada Shaker Jawdat, confirmed, on Sunday, that the approval of the workers’ social security law contributes to ending dependence on the government sector, indicating that the passage of the law contributes to reviving the private sector after its clinical death.

Jawdat said in a statement to / information / that “the House of Representatives, during next Saturday’s session, will start the (second reading) of the draft law on social security and retirement for workers, which is very important.

He added that “all workers in the government sector came to him in order to retire, and in the event that retirement is provided by the private sector, the young man will go to self-employment without pressure on the public sector.”

Jawdat indicated that “raising the price of the dollar contributed to the reduction of manpower and recession, and that the approval of the insurance law reduces that pressure and creates an opportunity for labor in the private sector with the government and revives the first.”  LINK

MilitiaMan » May 24th, 2021

The agenda looks to be stacked for this next Saturday.  All items seemingly to be oriented around topics that have the private sector and the citizens of Iraq in mind which bleeds over to the neighboring countries, as the are major trading partners.

A key point that has my interest is in the above they mention amendments or new laws. Well, if we look at the laws two stand out to be very very very important. The Federal Oil and Gas Law (FOGL) and the Iraqi National Oil Company Law (INOC). Those two are extremely important to the future of the country of Iraq and her citizens.

What has me focused, is they are mentioning new laws or possibly just one. There is a report out by an expert on the FOGL and INOC laws that have serious implications that if not sorted by the HoR and or the CoM in a very diligent and professional manner to protect the country’s hydrocarbon wealth in serving Iraq and her citizens could be catastrophic. But, if done properly could have profound impacts to the good of the Country and her people for future generations.

My view from the report is that there is a need to quickly resolve the matter with utmost urgency and necessity to complete the or a “Final Version” of the FOGL.

The final version whether being an amendment to the 2007 FOGL or a “New Law” altogether is to be determined.

Report suggest the 2007 amendment is not likely. But, I suspect that if the report has been reviewed by the HoR and CoM and it is taken seriously, the “New Law” may very well be on the table this weekend.

Both the INOC and FOGL are interrelated. From the looks of it the FOGL has been sorted, as noted in the report and articles in the forum. The INOC is, however, needed to be voted on for the final version of the FOGL to take the rightful position to save the wealth of the country.

The country will need this to usher in the private sector, as well. The private sector is to be the focus going forward not the government enterprises. The streets are demanding it.

 I would not want to be a member of the HoR that doesn’t show up to vote for the people. It would not be lost on anyone and could have serious repercussions from not showing up or not voting in favor. Especially as the recent devaluation is hammering home 30-100% increases in pricing for goods and services.  Something the street is very aware of.

So the likely hood of the “New Law” final version being on the table appears to be the course that is being taken. We will have to wait to see what they HoR accomplishes. Regardless the interests of the Iraqi’s are at stake. imo ~ MM

https://www.iraq-businessnews.com/wp-content/uploads/2021/03/FOGL-IBN-March-2021-b.pdf

Samson

Deputy: The upcoming parliamentary sessions will include voting on these laws

23rd May, 2021

Salam al-Shammari, the deputy of the Saireon Alliance, revealed, on Sunday, the laws that will be voted on in the upcoming parliamentary sessions.

Al-Shammari said, in a statement that Mawazine News received a copy of, that “the upcoming sessions of the Council will include voting on important laws in order to leave positive imprints for the work of the current council.” He said in a press statement that:

“Many laws have been completed by the relevant committees, whether an amendment or new laws, and they are awaiting the inclusion of the Presidency of Parliament for it in the coming sessions for the vote.

Al-Shammari added, “Among the most important of these laws is the amendment of the provincial councils law, the criminal court law, oil and gas, the Federation Council, in addition to other laws.” He pointed out, “The necessity of attending the sessions and achieving the required quorum in order to pass laws and continue the oversight work of Parliament in the service of the public interest.”   LINK

Source: Dinar Recaps

______________________________________________________

If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
______________________________________________________

All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.

Copyright © 2021 Dinar Chronicles