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KTFA
Samson » June 12th, 2022
In the coming days… Parliamentary Energy discusses with Al-Kazemi the payment of Iranian gas dues
12th June, 2022
The Parliamentary Electricity and Energy Committee announced, on Sunday, that it is preparing to meet with Prime Minister Mustafa Al-Kazemi to discuss the reality of electricity and the payment of dues for Iranian gas supplied to Iraq.
Deputy Chairman of the Committee, Dakhl Radi told Shafaq News Agency, “The Parliamentary Electricity and Energy Committee will meet with the Prime Minister in the coming days to discuss the reality of electricity, the problems experienced by the ministry and its need for funds to pay dues for Iranian gas and conduct maintenance of electrical stations.”
Radi said, “The adoption of the Food Security Law in the House of Representatives will contribute to the payment of funds and the payment of Iranian gas dues for the years 2020, 2021 and 2022.”
He added, “The Ministry of Electricity is ready for its production to reach 22,000 megawatts in the summer after the availability of funds and raw materials and solving technical problems at the level of production, transmission and distribution.” LINK
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Dotalktome » June 12th, 2022
The 3rd quarter starts on July 1st on Friday. Seems like a very logical time. It is a Friday, and makes sense for book keeping and accounting.
Mustangroper » June 12th, 2022
Its got to be published in the Gazette before anything can happen according to what was said last week. When is it going to be in the Gazette?
Samson » June 12th, 2022
Al-Halbousi accepts the resignations of the Sadrist bloc’s deputies
12th June, 2022
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The Speaker of the Iraqi Parliament, Muhammad al-Halbousi, approved on Sunday the resignation of the Sadrist bloc’s deputies, shortly after a directive issued by al-Sadr to his deputies in this regard.
Al-Sadr said in a statement, “This step is considered a sacrifice from me for the sake of the homeland and the people to rid them of the unknown fate, as we sacrificed previously for the liberation of Iraq, its sovereignty, security, unity and stability.”
Al-Sadr, who completes the sides of the “Save the Homeland” triangle (the Kurdistan Democratic Party, the Sadrist Bloc, and Sovereignty), had threatened last Thursday to remain in the opposition or to withdraw completely from the political process, unless a “national majority” government was formed, as directed by members of his parliamentary bloc. write their resignations in preparation for submission to the Presidency of Parliament.
In this regard, the legal expert, Jamal Al-Asadi, told Shafaq News Agency, that the resignation of the Sadrist deputies does not require the deputies to vote on these resignations, and the Speaker of Parliament cannot legally reject the resignations of the Sadrist bloc deputies.
And he indicated that “the approval of the House of Representatives on the resignation of the representatives only gives them the right to retire, and this includes every deputy who has been in the parliamentary session for more than a year, and the Sadrist bloc’s submission of their resignation does not affect the work of the House of Representatives, as there are substitutes who will rise in their place, and the replacements are the biggest loser in number sound, of whatever mass it is.” LINK
Scarter13 » June 12th, 2022
Ah the next act in the smoke and mirrors show has started in my opinion. Are you not entertained? In my opinion, for everyone that appreciates alternative opinions I’ll offer this (if you don’t like alternative opinions you should probably stop reading here, in my opinion).
In my opinion if you zoom out to the macro and look at this potential RI for the global even that it is, it doesn’t really make sense for it to happen until we hit the bottom of the crash that is coming.
How far away is that? Could be next week, could be next month, could be next year, in my opinion. In my opinion global inflation is off the charts and is in the process of being corrected and from the numbers just released yesterday we have a long way to go before it is under control.
In my opinion, The FED will be increasing rates and offloading their balance sheet in the coming weeks and these actions tend not to have an effect on the actual economy (usually hits the markets pretty fast but the markets are not the economy in my opinion) for months down the line.
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Now yes, I know the FED technically isn’t control of the global economy but they control the global reserve currency so they kinda do to some extent in my opinion. So where we currently sit, in my opinion, the FED and the PTB are looking to take liquidity out of the economy to lower inflation and continue to prop up the greenback.
If the RI was to occur now and the currencies we are expecting change all do, that will be fresh liquidity in the global economy that will probably make inflation worse and continue to artificially prop up the markets in my opinion.
So, how does the FSL, the budget, the government formation, and this other political stuff play into all this? In my opinion, none of it really matters until the PTB are ready for the liquidity to enter the global economy and start to rebuild and all this political stuff will “magically” just work itself out.
When with that be? In my opinion that is something we simply won’t know until it happens. Now, for the record, in my opinion, I hope that I’m wrong and we all wake up tomorrow to what we seek, but what I aluded to above is what makes the most sense to me.
And in my opinion, until then we’ll just keep seeing the smoke and mirrors show in Iraq. But on the bright side, more time to buy more currency and refine your plans.
Deepwoodz » June 12th, 2022
Imo Anything is possible but that would bring Iraq’s sovereignty into question. Not to mention the state of their own poverty being put on the sidelines…. To finish the thought….it bodes well for us if this is true because this means they do expect everything we seek to be completed THIS YEAR.
Samson » June 12th, 2022
The Agricultural Bank clarifies the embezzlement of a trillion dinars, revealed by integrity
12th June, 2022
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On Sunday, the Cooperative Agricultural Bank issued a statement regarding what the Integrity Commission revealed about the embezzlement of nearly one trillion Iraqi dinars of public money.
A statement by the bank received by Shafaq News said, “The media circulated a news about an embezzlement operation in the branches of the Agricultural and Al-Rasheed Bank in Maysan Governorate, and at a time when this bank appreciates the efforts of the audit team from the Integrity Commission in detecting cases of fraud, we would like to clarify that the case referred to in Branches of Al-Rasheed and Al-Zera’i Banks in Maysan Governorate occurred in 2013 and 2014.
And he continued, “The customers of the Maysan branch bank issued checks without balance, and their amounts were withdrawn from the Rashid Bank branch in Maysan in collusion with the director of the Agricultural Bank branch in Al-Amarah, who is currently deposited in the Reform Department, and an administrative investigation was conducted by an investigative committee in the Ministry of Finance, the Legal Department after Referring the priorities to it from the Office of the Inspector General after canceling it.
He pointed out that “the committee completed its work with the approval of the Minister of Finance on the recommendations, which included referring the employees involved in the Al-Rasheed and Al-Zaari bank to the judiciary through the Integrity Commission, as well as providing the Anti-Money Laundering and Terrorist Financing Office for the purpose of tracking those funds.” He pointed out that “there are joint committees formed to limit the manipulated amounts, as there were duplicate payment notices, as well as priorities that were hidden by the employees involved in the process.”
On June 9, the Federal Integrity Commission revealed the embezzlement of nearly a trillion Iraqi dinars of public money, indicating that major embezzlement, forgery, fraud and money laundering had occurred in a number of branches of the Agricultural and Rasheed Bank. LINK
Source: Dinar Recaps
Samson » June 12th, 2022
An American expert warns the West against the rise of the Russian ruble
12th June, 2022
The American expert on finance, Axel de Ferno, said that the additional strengthening of the ruble will lead to additional costs for the West when buying Russian energy resources.
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De Verno explained in an article published by the newspaper “The National Interest” that the decision of Russian President Vladimir Putin to accept payment for gas in the Russian currency led to a significant strengthening of the ruble.
“The burden on the West, which was forced to accept Putin’s mechanism, will become even more painful. If the ruble continues to strengthen in the coming months, Western countries will have to incur additional costs of converting their currencies into the ruble to pay for the import of irreplaceable energy resources,” he added.”
De Verno said that such a development of events would increase the demand for the Russian currency in the world, and would also show the ineffectiveness of Western sanctions against Russia. LINK
Dezaddams » June 12th, 2022
Wouldn’t the world elites want the american dollar to crash prior to Iraq putting out a new exchange rate or do they want this exchange rate to happen to prop the american dollar back up? Curious.. Military Vet
Tivon » June 12th, 2022
A dollar is a dollar within the continent of America. We are returning to the Gold Standard. Currencies will balance out. Our USD was to high for countries to do trade with us without breaking the bank. The plan is to reach parity however it comes that is what it will result in. We have enough of our own oil and other natural assets to offset any rate imbalances that could possibly ensue would not be catastrophic simply because America is the only economy that doesn’t have to rely on any nation to survive. Why do you think we picked the Eagle as our symbol? Because it doesn’t fly with a bunch of other birds for any type of dependence for anything. We will be ok. IMO
Kenster » June 12th, 2022
I have been in this since 2013. I have always heard that when we see the HCL, we would see the new rate shortly after. That the HCL wouldn’t work with a program rate. IMO
Tivon » June 12th, 2022
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Basically, I share your sentiment. Why? Because the “Food Security Law” covers the Oil & Gas contracts that Kurdistan sign over to Baghdad. Didn’t Al-Jubouri state that the FSL stabilizes all Contracts & Procedures? So tell me again what is about to be published in the Gazette? What did Frank discuss on the last conference call? What did Walkingstick reveal to him? What makes up 90% of Iraqs revenue? IMO
Mustangroper » June 12th, 2022
So again when does Gazette come out with this posted in it? Do we know?
Tivon » June 12th, 2022
Obviously they are keeping that close to the vest. So the days ahead between now and the 16th are important. Let’s see what they do. IMO
Source: Dinar Recaps
Samson » June 12th, 2022
Al-Halbousi accepts the resignations of the Sadrist bloc’s deputies
12th June, 2022
The Speaker of the Iraqi Parliament, Muhammad al-Halbousi, approved on Sunday the resignation of the Sadrist bloc’s deputies, shortly after a directive issued by al-Sadr to his deputies in this regard.
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Al-Sadr said in a statement, “This step is considered a sacrifice from me for the sake of the homeland and the people to rid them of the unknown fate, as we sacrificed previously for the liberation of Iraq, its sovereignty, security, unity and stability.”
Al-Sadr, who completes the sides of the “Save the Homeland” triangle (the Kurdistan Democratic Party, the Sadrist Bloc, and Sovereignty), had threatened last Thursday to remain in the opposition or to withdraw completely from the political process, unless a “national majority” government was formed, as directed by members of his parliamentary bloc. write their resignations in preparation for submission to the Presidency of Parliament.
In this regard, the legal expert, Jamal Al-Asadi, told Shafaq News Agency, that the resignation of the Sadrist deputies does not require the deputies to vote on these resignations, and the Speaker of Parliament cannot legally reject the resignations of the Sadrist bloc deputies.
And he indicated that “the approval of the House of Representatives on the resignation of the representatives only gives them the right to retire, and this includes every deputy who has been in the parliamentary session for more than a year, and the Sadrist bloc’s submission of their resignation does not affect the work of the House of Representatives, as there are substitutes who will rise in their place, and the replacements are the biggest loser in number sound, of whatever mass it is.” LINK
MilitiaMan » June 12th, 2022
The take away here is Sadr’s bloc being the largest by a long shot just resigned. The effect on things are seeming to be sketchy, however, likely not the case at all.
The resignation of the largest bloc puts Kahdimi and Saleh in office for an additional two years.
They’ll from the looks of it dissolve parliament. That move takes away the immunity for those that have committed corruption against the state..
Sets up the stage for early elections and finishing up 2 years of power for Kahdimi at the helm as Prime Minister.
Sadr has done this move as a sacrifice for the people. Something the coordination frame work seems to not know anything about.. I see this power play to set the stage for the next big move. We were told yesterday from our Iraqi source that massive change is coming to Iraq. This is likely what he meant!!
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We see the move with respect to those killed at Spichter this weekend.. That travesty is not ever going away. Those that may have had a part in it and that goes for global entities as well may better lawyer up and or skiddaddle pronto!!
I imagine this next week is going to be eventful lol – MM
Tivon » June 12th, 2022
Militia-Man, what up my guy? I would like to add to your sentiments here. Because I think the entire plan was exactly how you put it. Because they are more terrified of Al-Kazemi then they are Sadr. Which is why they didn’t want to vote on the FSL. They knew what it meant for their overall agenda. Especially Kurdistan. Why do you think they keep whining about their oil shares not being in the FSL? I like where thus is going because it is getting us closer to the HCL being enacted very soon. We have the contracts now. Things can only go up from here. Al-Jubouri stated a few days ago that the FSL stabilizes all Contracts & Procedures. Not some, all. IMO.
Expert: The Food Security Law prolongs the Al-Kazemi Government if one condition is met
10th June, 2022
Political analyst, Dr. Muhammad Nanaa, confirmed today, Friday, that the food security law does not represent a substitute for the budget law, but it could represent a mini budget for the remainder of 2022.
Nanaa said, in a statement to the “National News Center” that “emergency support is not a substitute for the budget because it does not address all the chapters included in the budget, but rather it is a temporary law and is suitable as a mini budget for the remainder of the current year only, provided that it approves next year a general budget for 2023 it addresses the gaps left by the current period.”
And he continued, “The support law can contribute to prolonging the political negotiations and giving the government of Mustafa Al-Kazemi a longer period, because the political pressures will also be less.”
Source: Dinar Recaps
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