“Spot on Summary” – Sun. PM KTFA Thoughts, News w/ MilitiaMan 8-1-21

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KTFA

Samson » August 1st, 2021

Planning reveals the details of the “responsive” document and the reform and recovery plan tomorrow

08/01/2021 17:25:46

The Ministry of Planning announced that it will reveal tomorrow, Monday, the details of the “responsive” document and the reform and recovery plan for the period 2021-2023.

And the ministry’s spokesman, Abdul-Zahra Al-Hindawi, said in a statement that {Euphrates News} received a copy of it that “Minister Khaled Battal Al-Najm will announce tomorrow, Monday, 2/8-2021, the details of the responsive document, and the reform and recovery plan, for the period 2021-2023, which it has completed. The ministry, in cooperation with relevant ministries and authorities, and with the support of the United Nations Development Program (UNDP).

He added, “The announcement will be made during the conference held by the Ministry of Planning at nine thirty in the morning tomorrow, at the Babel Hotel, in the presence of a number of ministers, representatives, governors, deputy ministers, representatives of the private sector and civil society, as well as representatives of international organizations operating in Iraq.”  LINK

OlLar » August 1st, 2021

This sounds significant!

Samson » August 1st, 2021

Iraq drops one rank in the list of the largest gold reserves in the world

1st August, 2021

The World Gold Council announced, on Sunday, that Iraq fell one rank among the world’s reserves of the precious metal, indicating that Japan bought the largest amount during the first quarter of this year.

The council said in its latest schedule for the month of August of 2021, which was reviewed by (Al-Oula News), that “Iraq sold 100 kilos of gold, and its possession became 96.3 tons, after it was 96.4 tons, which represents 9.1% of the rest of its other reserves.”

He added, “Iraq has not bought gold since September of 2020, when it bought a small amount of 0.1 tons, while it bought 6.5 tons in September 2018.” He explained that “Iraq fell one rank to become 39th globally out of 100 countries listed in the table with the largest gold reserves in the world,” noting that “Brazil managed to purchase 41 tons during the past month, to raise its rank from 42 to 32 globally.” 

He pointed out that “the United States of America still ranks first in the world’s largest gold reserves with 8,133 thousand tons, followed by Germany with 3,359 thousand tons, while Yemen was bottomed with 1.6 tons, preceded by Haiti by 1.8 tons.”   LINK

A new prison sentence against the former director of the Agricultural Bank in Maysan

1st August, 2021

The Maysan Criminal Court / First Commission announced that it had issued a new three-year prison sentence against the former director of the Agricultural Bank, according to Article (340) of the Penal Code.

The Supreme Judicial Council stated in a statement that Mawazine News received a copy of it today, Sunday, that “the number of sentences issued by the court against the convict amounted to six, including a total of 33 years in prison in accordance with the provisions of Articles (340-316) of the Penal Code, for Forgery and embezzlement of funds.   LINK

Member of the Finance Committee: The 2021 budget will be passed without a deficit in this case  31st July, 2021   LINK

ATPInfinity » August 1st, 2021

GREAT NEWS HERE!! The 2021 budget will be passed OR RATHER, COMPLETED,(  its implementation ) without a deficit..(DUE TO $70 OIL!) Our situation is economically secure (S+S=RI)

Ryan1216 » August 1st, 2021

Great but I thought the 2021 budget was already passed.  

Dotalktome » August 1st, 2021

There are riders on budget

DeepWoodz » August 1st, 2021

IMO  First, let’s not forget these guys fixed the price of oil at what $43-$45 in the budget. Now it’s at $75. They always act like they are broke. Doesn’t matter how high it gets, they will talk it down. 

On the translation of passed. We all know they passed the budget months ago and as Godlover likes to point out, we have never “heard” them talk of opening it. Hmmm…I still don’t know about that.

This article appears to use passed as in go beyond the 2021 to the 2022 budget which will be on the agenda for the NEW and hopefully improved Parliament after 10/10 as they have stated they will NOT postpone the elections. 

I don’t pick dates, but for Iraq’s best interest, it would make sense that IF Kadhimi plans on running, and I believe he will because he is a patriot, the rate has been raised as per boss man F26 and will definitely be revealed to the international community well in advance of the elections to insure a second term for Special K. 

Peace out

Samson » August 1st, 2021

The launch of the seventh batch of the full-time employee’s salary last July

08/01/2021 18:05:03

The Persons with Disabilities Authority announces the release of the seventh batch of the full-time employee’s salary for the month of July this evening, Sunday, 1-8-2021.

The head of the Commission for the Care of People with Disabilities and Special Needs in the Ministry of Labor and Social Affairs, human rights defender Ahmed Hadi Baniya, announced the release of the seventh batch of the full-time employee’s salary for the month of July 2021 in Baghdad and the governorates this evening.

The head of the authority said that the authority has completed all the procedures related to releasing the full-time salary of the recipients previously, calling them to go to the exchange outlets to receive their financial dues starting from this evening, noting that there is another supplement to salaries that will be launched during the next few days after the completion of the necessary administrative and financial procedures.

He stressed that the commission has developed a new work strategy that requires releasing the salary of the full-time appointee according to a fixed schedule and known timings, specifically between the 20th to the 25th of each month, and if necessary, release it before distributing the salaries of the commission’s employees, knowing that the governorate departments were authorized to release the suspended salaries directly without reference. In order to provide a decent life for this important segment of society.   LINK

MilitiaMan » August 1st, 2021

Interesting they are launching the same time lines for payments of financial dues, as they are for electronic submission of loans. imo ~ MM

DeepWoodz » August 1st, 2021

GOI has pledged to the WTO a certain percentage of their local currency(or value) upon an upgrade to an active member.

 Iraq’s currency needs to be tradeable.

 Observer status to member status sponsored by USA. Sponsored at 1:1.

Article 8 and received $1 billion grant from WB.  For the 5 governorates!

 Dr. Shabibi, when will you raise the value of your currency? When we have security and stability.

 Iraq has been paying off debts.

 IMF says time for digital accounting QFS.

 Perfect eye for the perfect storm!!!

CBI reserves are immune. Protected. Untouchable.

 Paying our debts in DINARS!!

 Eddie’s been learning the BLUEPRINTS from the education CAMPAIGN! A weekly series has already begun!!! Imo

 Let’s reform all our BANKS!

 WHAT HAPPENED in the HIGH LEVEL meeting between IMF & CBI??? We shall soon find out!!!

 Thank you for your hard work Frank and family.   

ATPInfinity » August 1st, 2021

SUMMARY FROM DEEPWOODZ IS SPOT ON

Samson » August 1st, 2021

Adviser to the Prime Minister: No country can seize Iraq’s money.. and this is the fate of 2028 bonds

08/01/2021 14:39:28

 Adviser to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, confirmed that no country can reserve Iraq’s money abroad.

  Salih told {Euphrates News}, “The debts owed by Iraq are non-sovereign commercial, and no country has ever seen that it complained about another country due to the great value of sovereignty.”

He added, “It is not possible to seize the funds of Iraq or any other country, which are debts of goods before the year 1990, as a settlement was agreed upon before 2006, when Iraq issued a bond for large debts of more than 35 billion dollars.”

He pointed out, “The issuance of {Iraq 2028} bonds, and so far they are being dealt with, the bonds have reduced the value of debts to 18 billion dollars, and they are repaid over 20 years at an interest rate of 20%.” Saleh stressed that “the United States supports Iraqi economic security and cares about it to a great extent.”

The Central Bank of Iraq, announced last July 27, that “the legal authorities in the United States of America confirmed to the Governor of the Central Bank that all the reserves and funds of the bank are fortified and no party can seize them, and also confirmed that they will defend their immunity with the rest of the countries and this cannot be compromised.” reserves”.

And the central bank said in a statement that “Iraq will complete during the coming period the full payment of the compensation and benefits accruing from it before 2003, this will lead to the lifting of the international immunity of Iraq’s money abroad and it will be subject to implementation by some creditors from other parties and companies.”

He pointed out that “those legal authorities confirmed that the funds and reserves of the Central Bank of Iraq are protected under the laws followed in the United States of America, and pledged to defend what is available from them in the central banks and banks in other countries.”  LINK

MilitiaMan » August 1st, 2021

I will let everyone take a peak at the data from the IMF.  I find it very interesting and timely.. ~ MM

https://www.imf.org/en/News/Articles/2021/03/23/pr2177-imf-execdir-discuss-new-sdr-allocation-us-650b-boost-reserves-help-global-recovery-covid19

https://allafrica.com/stories/202107290941.html

https://www.sundaymail.co.zw/imfs-special-drawing-rights-can-transform-zim

Source: Dinar Recaps

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