“Coordination” – Tues. PM KTFA Thoughts/News 2-1-22

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Samson » February 1st, 2022

The Framework Announces The Move Towards Collecting Parliamentary Signatures To Change The Dollar Exchange Rate

1st February, 2022

The deputy of the coordination framework, Ibtisam Al-Hilali, revealed, on Tuesday, the framework’s move to collect parliamentary signatures to restore the dollar exchange rate to its previous rate, surprising at the government’s insistence on maintaining the exchange rate, especially with the recovery of oil markets during the past weeks.

Al-Hilali said in a statement to “The Information”, “The coordination framework is moving towards collecting parliamentary signatures in order to restore the exchange rate of the dollar against the Iraqi dinar or reduce its current price.”

She added that “the framework’s movement in this regard is still continuing until the will of the Iraqi people, who were affected by the high exchange rate of the dollar, is achieved,” noting that “the government raised the exchange rate in order to supplement the 2012 budget, and now it has obtained additional funds due to the high oil price.”

And the representative of the State of Law coalition, Firas Al-Maslmawi, confirmed in a previous statement, that his coalition and a number of members of Parliament within the same direction will not allow the budget to be passed for the current year except after a reduction in the dollar exchange rate against the dinar.     LINK

Sir » February 1st, 2022

And so it shall be… Glory days …..Amen.  Amen. Amen

Suzie » February 1st, 2022

Just curious if Iraq IS conducting business internationally and the education of the people and banks is pretty much complete why haven’t they exposed/shown the nscn (New Small Currency Notes) yet?  Seems like a reasonable question….especially with news that the ri/rv could happen almost any day now.

Clare » February 1st, 2022

BECAUSE THE NSCN’S ARE MAINLY FOR THEIR PEOPLE- THEY WILL BE EXPOSED WHEN THE RATE CHANGES OR AS FRANK THINKS RIGHT BEFORE, TO GET THE PEOPLE TO SEE THEM FIRST BUT WHICHEVER WAY IT GOES IT WILL BE IN SYNCH & PRETTY FAST AT THAT POINT IMO… 

THE PRIVATE BANK EDUCATION IS DONE AS FRANK & WS TOLD US.. …WE LITERALLY ARE JUST WAITING FOR THIS TO “POP” … THEY WILL NOT EXPOSE THE NSCN’s WITHOUT AN IMMINENT  RATE CHANGE- THINK ABOUT IT WHY WOULD THEY? THEY CAN’T BE USED WITHOUT A NEW RATE…

I DON’T KNOW IF ANYONE REALLY DOES KNOW AS A FACT WHY WE ARE STILL WAITING… IT IS ABOUT IRAQ BUT NOT ONLY ABOUT IRAQ… IMO

The Snod » February 1st, 2022

IMHO, looking at the volume and information flow from inside and outside sources. It appears most likely they will hit the 2nd phase of the White Papers after the formal seating of the gov’t.  This gov’t will vote in the FML, HCL, and what other laws are associated to the budget and the next stage of the monetary reform.  There should be a rate fairly adjacent to it to make it work.  That, of course, means NSCN’s are lurking around it. All conversations are where we want them. We are just waiting to see how it will all actually be coordinated.

GodLover » February 1st, 2022

The.Snod always good to see you post. I agree, something I had felt a requirement imo long ago, a seated government. I as well look to parliament to pass international laws as some articles implied & of course the 2022 budget. I as well agree the rate should be right around the time of budget approval/opening imo. The rate known (to us that is) prior to opening the budget seems irrelevant to me imo. God willing the NSCN training had taken place & they are ready whenever is needed upon opening of the budget. Please let this never ending ride be over with soon, lol.

The Snod » February 1st, 2022

Amen to that.  I think we’re all sick of it, but the longer it goes, the more I see what a tremendous undertaking it is to get a whole nation, that was blasted back to the Jurassic Age, grafted back into the international world!

Samson » February 1st, 2022

Iraq maintains its global and Arab position in gold reserves

01/02/2022 11:04:34

The World Gold Council published last January its report on the reserves of the central banks in the world of gold, and the data showed that the reserves amounted to 35571.3 tons of the metal.

According to the data, total reserves increased by 11 tons in the January 2022 report, compared to December 2021.

The United States leads the world in precious metal reserves, with 8,133.5 tons, followed by Germany (3,359.1 tons), then Italy (2451.8 tons), France (2436.4 tons), and then Russia (2298.5 tons).

Gold is a safe haven, especially in times of crisis, as many people tend to buy it to hedge against inflation risks, and in the past years, the prices of the precious metal have risen in light of the Corona virus crisis and its consequences.

As for the Arab world, Saudi Arabia leads the Arab countries in gold reserves, as the Kingdom owns 323.1 tons of the precious metal, according to the first report of the World Gold Council this year, while Iraq ranked 39th globally and fifth in the Arab world with 96.4 tons of gold.

The following is a table showing the ranking of Arab countries in gold reserves based on the report of the World Gold Council last month: LINK

Last December… Integrity reveals the number of arrest and summons orders against government officials

1st February, 2022

The Integrity Commission revealed, on Tuesday, the number of arrest and recruitment orders against officials in the last month of last year, while confirming the issuance of 85 arrest and recruitment orders against this category.

A statement of integrity received by Mawazine News stated, “The authority carried out 48 arrests during the month of December, while it issued 85 arrest warrants and judicial summonses against a minister, those of his rank, people with special degrees, and general managers,” noting that “judicial convictions and convicts amounted to 294 reports.” 

The statement indicated that “the files for the extradition of the fugitives wanted by the judiciary amounted to 20 files, while the files for recovering the smuggled funds amounted to five files,” noting that “the number of forms covered by the disclosure of the received financial receivables amounted to 1913 forms, and the number of those covered by the list who appeared to have a conflict of interest was nine, while the number of training courses, workshops and seminars held by the authority in its departments and abroad is 19, while the television and radio episodes and paper publications amounted to six, while the research, studies and statistical reports amounted to four.  LINK

With A Value Of 10 Billion Dollars .. The Disclosure Of An Emirati Investment In Israel

1st February, 2022

The Israeli economic newspaper, Globes, revealed that Abu Dhabi has invested $10 billion in Israel.

The newspaper pointed out that the Crown Prince of Abu Dhabi, Mohammed bin Zayed, decided to cancel the freeze on this investment after the visit of the Israeli President, Isaac Herzog, to his country.

According to the newspaper’s report, the concerned authorities in the two countries are currently working on a plan to distribute the funds of Emirati investment funds to Israeli companies. President Herzog returned to his country yesterday evening, Monday, from a visit to the UAE.

The report said, “Israel and the UAE can bring the Middle East region to a new horizon to bring peace, prosperity, cooperation and investment to develop various fields.”

 He added, “There are two options for the future of the region, either to achieve peace, prosperity and cooperation, or Iran and what it represents of instability using the organizations that revolve in its orbit and fuel terrorism.”  LINK

Iraq Joins The Patent Cooperation Treaty

1st February, 2022

The Ministry of Foreign Affairs announced today, Tuesday, that Iraq has joined the Patent Cooperation Treaty (PCT).

The spokesman for the Ministry of Foreign Affairs, Ahmed Al-Sahaf, said in a statement received by Earth News, “The Permanent Representative of the Republic of Iraq, Ambassador Abdul Karim Hashem Mustafa, deposited the instrument of Iraq’s accession to the Patent Cooperation Treaty (PCT) on 01/31/2022.”

The permanent representative said during his speech, according to the statement, that “accession to the Patent Cooperation Treaty will make the patent system in Iraq more efficient and that the procedures will be less costly for applicants seeking international patent protection,” noting its “great importance to motivate Iraqi inventors.” to contribute more to industrial and technological progress and to protect their intellectual property.”

He added, “The Central Agency for Standardization and Quality Control in the Ministry of Planning granted 532 patent certificates during 2021 only, and more than 2,200 patent certificates since 2017.”

It is noteworthy that the Patent Cooperation Treaty (PCT) will enter into force three months after the deposit of the instrument of accession, bringing the number of member states to the Treaty to 155. This is the fourth treaty to which Iraq is a party out of 26 treaties in the World Intellectual Property Organization.  LINK

Source: Dinar Recaps

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