Mon. PM KTFA News Articles/Thoughts 10-18-21

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KTFA

Samson » October 18th, 2021

A former deputy warns against auctions: There is no (improving living conditions) .. the privileges of officials and the retirement of MPs are cancelled.

18th October, 2021

The deputy in the ended parliamentary session, Ali Ghawi, revealed on Monday, October 18, 2021, the cancellation of the privileges of officials in all executive, legislative and judicial authorities.

Ghawi told Al-Masala that during our fourth parliamentary session, a decision was taken (unanimously) to cancel the privileges of all officials in all executive, legislative and judicial authorities.

Ghawi indicated that there is no such thing as “improving the living conditions” of the deputies during the fourth session, even before the decision was taken to cancel the privileges. He continued: There is no pension salary for any deputy unless he has a pension service according to the unified retirement law, noting: What was mentioned above is not necessary for auctions and delusion of the people with media achievements only.

The privileges of officials have always been one of the most important motivators in all the popular protests that Iraq has witnessed since 2003 until today. And the Iraqis describe the privileges of the officials as a door that the current political class has separated to steal and waste people’s money.

Parliament had voted on a law abolishing the privileges of all state officials, starting from the position of director general to the president of the republic, including Law (12) of 2005, the most prominent of which was the abolition of the material grant as stated in the first paragraph of it, and the prohibition of allocating funds for the treatment of presidencies The three, determining the number of their cars, and stopping the payment of rent allowance to provincial representatives who own real estate in Baghdad.

The purpose of approving this law, according to the compelling reasons that came in it, is to reduce expenditures and cancel the privileges of state officials, in order to achieve social justice among the Iraqi people.   LINK

Tivon » October 18th, 2021

Goodmorning KTFA. Shout out to Frank and hope everything is going well.

This seems to be very timely from what was implemented on October 17th 2021 from the instructions mandated by the CBI in terms of transparency in the auctions.

As many may have presumed today would open the markets with a potential rate for multiple reasons

One being the Construction Bonds being tethered to the activation of the Private Sector.

Because Eddie reported that on television Saleh was seen mentioning the rate in conjunction with the National Bonds that the citizens could request at any local bank. So the question would be are these bonds trading live on the market now without an International rate?

Because we also heard and understood that reconstruction could not start without a operational rate.

My personal viewpoint has always been the autonomy of the CBI at their own volition to release the rate when the desired conditions were met regardless of what the GOI were doing even though Frank at times stated that the two must converge to bring about the reinstatement.

And I would go so far to say is that why would Al-Kazemi (PM) promise the citizens back in September that they would see the rate before October 10th? Surely he would know better if he knew the bureaucratic red tape of politics would stand in the way of such event.

So why did he assume this position? The new government is not seated. We know. We now have a care taker government sense parliament has been dissolved. Sadr (Who I Don’t Trust) now wants to work on raising the value of the currency.

Will he use this as a political football? What other political figures will serve to push the reform policy as a way to jockey for position without actually implementing anything meaningful?

Because again I do not blame anyone for expecting this month to be where we see a IQD trading on the Forex market.

Because again back in September a Finance Minister stated the digitization of the payment system would be initiated in the coming weeks. I assumed (Not To Say It Hasn’t) that new CBI Instructions were a streamlined mechanism for the BUNA Platform so the Arab Monetary Fund (AMF) would also benefit from a new secure stable transparent IQD that would bring a solid digital currency to the entire region

They were all affected when just 10 months ago the Middle East took a hit from the devaluation. Also keep in mind the statement from another advisor stressed that there is no need to continue with the high exchange rate of the dollar against the Dinar.

You do understand that the Construction Bonds are based on the 2021 Budget? So what is it the kick off point? I have some radical theories.  IMO

Samson » October 18th, 2021

The Chinese economy is faltering!

18th October, 2021

The Chinese economy recorded its slowest pace of growth in a year in the third quarter of 2021, affected by electricity shortages, supply chain bottlenecks and major fluctuations in the real estate market.

Data published today, Monday, showed that China’s gross domestic product grew by 4.9 percent in the July-September period of 2021 from its previous level, the weakest performance since the third quarter of 2020, and contrary to expectations.

The world’s second largest economy faces several major challenges, including the debt crisis of China’s Evergrande Group, ongoing supply chain delays, and a severe electricity crisis, which has reduced factory production to the weakest level since early 2020, when Covid restrictions were in place. -19 heavy mast.

“The domestic economic recovery is still unstable and uneven,” said Fu Lingui, spokesman for China’s National Bureau of Statistics, at a press conference in Beijing on Monday.  LINK

In Sulaymaniyah, two people were arrested in possession of 15 million counterfeit dinars

18th October, 2021

On Monday, Salmaniya police detachments arrested two suspects in possession of counterfeit money in the province.  

The Sulaymaniyah Police Directorate stated in a statement that Mawazine News received a copy of it, that “the police received a notification of the presence of the suspects in the Sayed Sadiq market and they were arrested, and after investigation it was found that they had 15 million forged dinars in the category of 25,000.”  

She added, “The defendants, born in 2003 and 1991, wanted to exchange the counterfeit currency in their possession in the city market, and they were stopped by the judge’s decision, and an investigation was opened to see if there were others involved in the case.”   LINK

Source: Dinar Recaps

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