Tues. PM KTFA News Articles/Thoughts 6-1-21

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KTFA

RE: Monday Night KTFA CC   https://www.youtube.com/watch?v=iPWDYh89ISI

DeepWoodz » June 1st, 2021

Thank you F26 and Walkingstick! Y’all are awesome!

Small recap….

Eddie Report/The Beginning

A spokesperson from Cbi being interviewed and both agree Iraq is facing a date to change the dollar rate more than previous amount both in other words are saying time is coming and Iraq going big so to speak saying will be nothing compared to previous exchange rate this all over on articles and news Cbi guy and finance minister.

Yesss, and they on tv and articles too! It’s everywhere! Same words Mr.  Frank spoke of weeks ago!

Tv news today saying it’s time for Iraq to have an flexible exchange rate! One that will help Iraq when things are bad, and help when things r better and saying the devalue recently was for a period of time to get more notes in and to help pay bills and this is the finance minister and the spokesman from CBI again talking. Same two from yesterday that were on tv

Small tidbit from THA MAN….

WalkingStick…..On sat phone with them now..b a bit.

F26….I will wait for you as long as it takes

W……They are in mtgs now , topics disbursment of new notes … time , notes , count … etc

F26……Are you going to call me or do I just report this tonight

Samson » June 1st, 2021

Petersburg International Economic Forum kicks off tomorrow

1st June, 2021

The Petersburg International Economic Forum, which will be held in person (face to face), will start tomorrow, Wednesday, and is the first large-scale economic event after the distancing measures taken to combat the Corona pandemic

This year’s forum bears the slogan “Together again. The economy of the new reality”, in reference to the post-Corona pandemic, which struck the world last year and dealt a severe blow to the global economy

The forum, which will be held from June 2 to June 5, is an effective platform for the exchange of views and experiences between policy makers, officials and business representatives from different countries of the world

Russian President Vladimir Putin will deliver a speech at the forum’s plenary session, which will be held next Friday (4 June 2021), and will also participate in a dialogue session

This year’s forum is important for the Arab world, as the State of Qatar participates in it as a guest and with a high-level delegation. The State of Qatar is organizing in the XXIV pavilion in the forum a unique business platform “Doha Hall”. During the forum, 60 agreements are expected to be signed between the Russian and Qatari business sectors  LINK

World Bank: The Bank’s portfolio in Iraq includes $2 billion

1st June, 2021

The head of the World Bank office in Iraq, RamziNuman, confirmed that the bank’s plans in Iraq are aimed atimplementing many projects in various sectors, indicating that thebank’s portfolio in Iraq includes two billion dollars

TheWorld Bank has a $ 2 billion portfolio in Iraq that covers varioussectors,” Numan said in a statement to official television, seen byAl-Eqtisad News

He added, “Therefore, we consider ourselves essential partners” with Iraq in achieving economic development

The head of the World Bank office in Iraq indicated thatthebank’s policy is not limited to consulting and financing, but includesimplementing various projects in the sectors of electricity, transportation and health,” and other projects

TheWorld Bank held a conference in Baghdad with the participation of Iraqiofficials from various sectors to discuss ways to develop the Iraqieconomy and support groups of society   LINK

Don961 » June 1st, 2021

Al-Kazemi’s advisor expects a cash surplus in the future

370 Economie 2021/05/31 21:52 mum  Baghdad today – follow up

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Monday, that the monetary policy of Iraq will maintain the stability of the exchange rate, while noting that the current account of the balance of payments is free of deficit, but rather there is an expectation of a surplus in the future.

Saleh said, in a statement reported by the Iraqi News Agency (INA) and followed by (Baghdad Today), that “the reduction of the national currency against the dollar was based on a one-time decision,” and that the country adopts a fixed exchange system, stressing that “there is an equation between the theory of exchange rate adjustment and between Deficit in the current account of the balance of payments relative to the gross domestic product.

He added, “Whenever the deficit increases by 4% or more, an adjustment or reduction is made in the external value of the currency to avoid a deterioration in external payments,” noting that “Iraq currently does not suffer from a current account deficit, but rather there is stability and balance,” expecting that There is a surplus in the future relative to the gross domestic product, in light of the positive developments in the oil markets and the positive improvement in Iraq’s foreign exchange reserves.”

He stressed, “The monetary policy will maintain the stability of the exchange rate in the present circumstance.”

On December 20, the Central Bank of Iraq decided to reduce the value of the Iraqi dinar against the dollar, bringing the price of 100 dollars to 145 thousand dinars, after it was 122 thousand Iraqi dinars.

LINK

Source: Dinar Recaps


Samson » June 1st, 2021

Erbil and Baghdad set up a joint mechanism for auditing revenues and imports

1st June, 2021

Within the framework of the meetings and meetings conducted by the high delegation of the Kurdistan Regional Government headed by Qubad Talabani, Deputy Prime Minister on the visit to Baghdad, the delegation held a joint meeting today, Tuesday, between the Federal Financial Supervision Bureau and the Office of Financial Supervision in the region.

During the meeting, which was attended by the Minister of Finance and Economy Awat Sheikh Janab, the Chief of the Cabinet of the Kurdistan Region Council of Ministers Omid Sabah, the Secretary of the Council of Ministers of the Region Amanj Rahim, the Head of the Financial Supervision Bureau in Kurdistan Khaled Jawishli, and the representative of the Kurdistan Regional Government in Baghdad Faris Issa, the formal signing of the agreement was signed. A joint mechanism for coordination between the Federal and Regional Office of Financial Supervision.

During the meeting, the two sides confirmed that they are working hard and are preparing to send a report to the Federal Ministry of Finance and the Kurdistan Region to facilitate the implementation of the Iraqi Budget Law for 2021 to spend the rights and financial dues for the region.

In turn, the regional government delegation expressed its readiness to provide all facilities and preparations, in order for the Federal Office of Financial Supervision and the Office of Supervision in the Kurdistan Region to implement their duties within the framework of that mechanism that they agreed upon, and to give priority to the implementation of the Iraqi budget law under Article 11 of the law, which concerns Kurdistan Region.    LINK

ATPInfinity » June 1st, 2021

LOOKS LIKE THE KURDS…MISSION ACCOMPLISHED!

“…implementation of the Iraqi budget law under Article 11 of the law, which concerns Kurdistan Region.” 

“…the formal signing of the agreement was signed. A joint mechanism…”

“…to facilitate the implementation of the Iraqi Budget Law for 2021 to spend the rights and financial dues for the region.”

Source: Dinar Recaps

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