“Take Note” – Sun. PM KTFA Thoughts, News w/ MilitiaMan 2-13-22

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KTFA

MilitiaMan » February 13th, 2022

In my opinion this sort of article from Salih is and was expected to come out.(See article below)  If I recall correctly, a WS report indicated almost verbatim that there would be comments just like this  with respect to the exchange rate.

Frank26 had a youtube that may show it, as well. If the fact is that the rate is to be fixed at 1500 that means they are right where they want be.

Drop the three zeros and wa la.. $1.50 IQD / $1.00 USD…. imo ~ MM

Samson » February 13th, 2022

Mazhar Muhammad Salih talks about the dollar exchange rate in the general budget

13th February, 2022

The Central Bank of Iraq revealed the fact of the move to raise the dollar exchange rate and fix it at the price of 150 thousand dinars for the $100 bill.

A member of the bank’s board of directors, Mazhar Muhammad Salih, said, “The dollar exchange rate remains as it is, and any talk currently being conducted to raise or lower the dollar price is just speculation and balloons launched by some for excitement.”

He added, “The situation is being arranged regarding oil prices. We do not want to urgently rearrange the equations. Everything is now fixed in place,” noting that “no change in the exchange rate has now been raised, neither from near nor from afar.”    LINK

APF » February 13th, 2022

Is he being sarcastic? 150 thousand to 1 hundred dinars?  

MilitiaMan » February 13th, 2022

He knows the process.. imo.. ~ MM

“fact of the move to raise the dollar exchange rate and fix it”

Then drop the three 000s imo ~ MM

DCDriver » February 13th, 2022

Awesome analogy. There is only one thing that does not make sense  me. How is it that Biden takes credit for paying down the debt? I can’t get my head around that one IMO 

MilitiaMan » February 13th, 2022

Sadly, he will get the credit for it unless there is something we have over looked behind the scene… lol ~ MM

Samson » February 13th, 2022

After the barrel price reaches 95 dollars, will the exchange rate be restored?

13th February, 2022

Today, Saturday, Member of Parliament Madiha Al-Maksusi confirmed the possibility of returning the dollar exchange rate to its previous rate, but not at the present time.

Al-Maksusi said in a statement to (Baghdad Today), that “the increase in the price of the dollar was due to the drop in oil prices, but now oil prices are very high and it is necessary to restore the exchange rate of the dollar to its previous price.”

She added, “The current government is a caretaker government, and the political situation is turbulent, so it is unlikely that the exchange rate will be restored before the new government is formed.”

Al-Maksousi indicated, “Many political blocs promised the Iraqi people to work on restoring the exchange rate, as they had previously raised it.”  LINK

MilitiaMan » February 13th, 2022

That is exactly what they are going to do, as promised by politicians. They are going to complete the project to delete the zeros.

They told us that is was out mid to late last year for study. (Thank you Samson) They are not going to to tell the world that they are going to change the exchange rate with a specific time and date. That would be suicide, likely illegal and or both.. Not to mention insider trading, counterfeiting, leakage, etc., etc.. lol The need to keep things under wraps for the project is very important.

Evidence of it specifically is to not be seen. Not seen doesn’t mean there is none to be seen. It just may mean it is and rightfully so, not to be seen until the time is set for exposure.

The CBI devalued the currency with the same government caretaker or not in place today, it is not imo the main focus of the CBI. It may be a focus for propaganda purposes in the scheme of things, as past revaluations support that there is in fact a component of just that.

Even Dr. Shabibi spoke of it in a Chamber of Commerce interview some years ago. A guest of KTFA was at the meeting when his question was asked about the project to delete the zeros. He mentioned that propaganda was one component of many.  

Take note of the automation of the borders for transparent digital systems in place for taxation, customs, fees and tariffs..

Take note the BUNA platform is a digital clearing platform for clearing international and foreign currencies. 

Take note there are international contracts in place for re construction of schools, hospitals, etc.

Take note there are border crossings engaged within the region as a whole.

Take note there are Iraq Banks being licensed to bank in other countries.

Take note if international exports of Sulhpur.

Take note that they have received 17,000 antiquities from the USA and tourism in UR has already started with many countries.

Take note that Iraq is now or will be Ascending to the WTO.

Take note there is the AYSCUDA system in place, a green paperless process.

Take note that they have been relieved of Chapter VII per the UNSC (Dissolution, a requirement is set for 02/22/2022 for the final decision to be made.)

Take note of all that above (there may be more) and think to ones self and ask the question, “Does all that look like they have been sand bagging, they are inept and merely waiting on a circus in parliament to get settled prior to triggering the largest digital transformation in the history of the world? Surely, the logic to come away with is absolutely not. Imo it is ludicrous to suggest that, as the data we have even if there is a political component massaged in the coming days, could be settled within days as for the presidencies, not months.

Lastly, a side bar to think about. The US Fed is jawboning about raising interest rates. The USA can hardly afford the payments on $30 trillion debt, as it is now, let alone 1-7 increases in 2022.

Ask your self where would they get the money to afford interest payment increases?  Where did we hear that the USA wouldn’t pay for the war? Why, would the USA and the coalition forces be able to say such a thing?

They all have foreign reserves.. Some have the lion share be sure.. That’s where an why the USA may be able to afford to pay down debt to afford them. Plenty too. lol ..imo..~ MM

“What is a past era?

countable noun. You can refer to a period of history or a long period of time as an era when you want to draw attention to a particular feature or quality that it has.”

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https://aec.uobasrah.edu.iq/news/11318

Basra University organizes a panel discussion on the project to remove zeros from the Iraqi currency

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Basra University organizes a panel discussion on the project to remove zeros from the Iraqi currency

Basra University organizes a panel discussion on the project to remove zeros from the Iraqi currency:

The Department of Economics at the College of Administration and Economics at the University of Basra organized a panel discussion on the project to remove zeros from the Iraqi currency.

The seminar, which was attended by Prof. Dr. Sami Obeid Al-Tamimi and Prof. Dr. Youssef Abdul Ali Al-Asadi, aims to find out the reasons for the deterioration of the value of the Iraqi dinar. At the beginning of the seventies of the last century, one Iraqi dinar was worth more than three US dollars, and today we are at the end of the year 2021 Equivalent to more than 1450 Iraqi dinars.

The discussion session touched on tracking the value of the Iraqi dinar from 1930 to 2021, and the project to delete zeros from the national currency in terms of pros and cons, and finally submitting a scientific proposal to the Central Bank to implement the process of deleting zeros.

Source: Dinar Recaps


Samson » February 13th, 2022

Justice reveals hundreds of lawsuits have been filed to recover looted funds

13th February, 2022

The Ministry of Justice revealed, on Sunday, “intensive movements” to recover smuggled money and real estate located abroad, by filing hundreds of lawsuits, while the ministry is working to prevent drug smuggling into Iraqi prisons.

The ministry’s senior undersecretary, Ziad Al-Tamimi, said in an interview with the official newspaper, “The government has moved intensively to recover Iraq’s looted money and property, by filing hundreds of foreign lawsuits in this regard, as it concluded memorandums of understanding through the return of its properties in the country, in exchange for the properties it has in Iraq.”   LINK

Al-Haidari summarizes the developments of the political talks and expects an agreement within the next 24 hours

13th February, 2022

A member of the State of Law coalition, Kazem Al-Haidari, expected today, Sunday, that an agreement will be reached between the political blocs regarding the formation of the new government, within the next 24 hours.

Al-Haidari said in an interview with “Mawazine News”, that “political discussions are continuing with all the blocs, and so far there are no negative or positive results, and our expectations are that an agreement will be reached within the next 24 hours.”

Al-Haidari added, “The issue of forming a government will not take long, and that all things are ready, and the government formation may be announced 10 days after choosing the prime minister.”  LINK

The Iraqi Stock Exchange is trading shares worth 5 billion dinars in a week

13th February, 2022
The Iraqi Stock Exchange announced, on Sunday, the trading of shares with a financial value of more than five billion dinars during the past week.

The market said in a report seen by Shafak News Agency, “The number of companies whose shares were traded during the past week amounted to 43 joint-stock companies, while the shares of 39 companies were not traded due to the lack of convergence of purchase orders prices with sales orders, while 20 companies continue to be suspended for not providing disclosure, Out of 103 companies listed on the market.

And he indicated that “the number of traded shares amounted to five billion and 45 million and 28 thousand shares, with a financial value of five billion and 646 million and 557 thousand dinars through the implementation of 2385 deals,” noting that “the ISX60 traded price index closed at 570.63 points, recording a decrease of 1.48% from its closing in the previous session.

The market indicated that “the number of shares purchased from non-Iraqi investors for the past week amounted to 690 million shares, with a financial value of 758 million dinars, through the implementation of 76 deals, while the number of shares sold from non-Iraqi investors reached 1.042 billion shares, with a financial value of 1.091 billion dinars through Execution of 139 deals.

It is noteworthy that the Iraq Stock Exchange organizes five trading sessions a week from Sunday to Thursday, and includes 103 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels. LINK

The Turks went under the umbrella of the financial system.. The Turkish Treasury Minister announces new economic measures

11th February, 2022

Turkish Treasury and Finance Minister Nureddin Nabati said he will announce on Saturday a new package targeting price hikes, integrating gold into the financial system and supporting the Credit Guarantee Fund.

According to Turkish media, Nabati is organizing a program through which some measures are shared with citizens in order to prevent recent price increases. In the program to be held on Saturday, Nabati will announce a selective financing support package to support companies and exporters through the Credit Guarantee Fund.

The steps to be taken in order to transfer the stored gold to the financial system will also be announced within the framework of the “Turkish economic model”, that is, the gold that the Turks hold within the umbrella of the financial system. Minister Nabati will provide information on several measures to prevent increases in producer and consumer prices.

It is expected that the program will be attended by senior executives from the world of business and NGOs, representatives of umbrella organizations in the market and general managers of public and private banks.  LINK

Source: Dinar Recaps

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