“Best Case Scenario” – Fri. AM-PM KTFA Thoughts, News w/ MilitiaMan, Petra, Frank26 6-24-22

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KTFA

Samson » June 24th, 2022

Minister of Finance: The Ministry is keen to implement the provisions of the Emergency Support Law for Food Security and Development

6-22-2022

Baghdad / NINA / – Minister of Finance Ali Abdul-Amir Allawi confirmed that the ministry is keen to implement the provisions of the emergency support law for food security and development, which the House of Representatives voted on recently, including Article (18) first.

Allawi said in a statement, “The ministry is committed to financing all the allocations listed in Table A of the law to secure the food and electricity sectors, lecturers, administrators, contracts, procedures, graduates from the first and whose contracts have been terminated by the security and military services.”

He added, “The aim of presenting this law is to cover the actual financial needs that contribute to alleviating unemployment, reducing poverty, achieving financial stability in light of urgent global developments, and continuing to provide the best services to citizens and raising their standard of living.”  LINK

MilitiaMan » June 24th, 2022

Interesting grin on his face.. lol I think he knows more of the story.. The automation of the borders attested to being ready…….maybe? lol  I bet that 15 day period for the EFSL being over maybe on his mind as well.. lol I believe that there are no coincidences. This EFSL being at the line in the sand and borders having been successful in their procedures, reeks of show time.. imo ~ MM

Governmental Media : Implementation of the Automation Program for Customs and Tax Receipts

The electronic platform was also linked to the cultural attachés of the countries’ embassies for the purpose of receiving certificate of origin and attested invoices electronically in order to facilitate the trade process, which contributed significantly to obtaining tax and customs funds without any manipulation and fraud  LINK

Source: Dinar Recaps


DoTalkToMe » June 24th, 2022

IMO    If published in the gazette on Wednesday June 29th takes us into a long weekend, into July. 2nd half of the year

This is a best case scenario. I personally don’t expect anything sooner than that. But will Iraq make a move at that time? That’s the multi million dollar?

Long weekend for Canada and USA .

Heck… Could possibly be a long weekend in Iraq. I think they have around 180 holiday’s in the calander year.

Got a 50% chance on it being right.    Don’t care enough to check on it.

WagMaster » June 24th, 2022

I thought the CBI Is the only one that matters when it come to the rate?  

Armando » June 24th, 2022

When It Comes To The Rate The CBI Matters But The CBI Won’t Pull The Trigger Till All That Matters Falls In Line

Samson » June 24th, 2022

A Parliamentarian Announces The Start Of Collecting Signatures To Impeach Al-Kazemi

23rd June, 2022

The representative of the Al-Fateh Alliance, Rafiq Al-Salihi, announced, on Thursday, the start of collecting signatures to hold an extraordinary session to question the outgoing Prime Minister, Mustafa Al-Kazemi, stressing the need to take the necessary measures against him.

Al-Salihi said in an interview with “Al-Information” agency, that “in the next few days, we will start collecting signatures to question Al-Kazemi about his silence regarding the Turkish aggression inside Iraqi territory.”

He added, “Al-Kazemi’s silence about the Turkish attack raises suspicion and suspicion, as it is a clear violation of Iraqi sovereignty.” And he continued, “Al-Kazemi was not satisfied with this only, but also signed agreements outside the powers of his government, and therefore we must move and stand to hold him accountable after those violations he made.”

Member of Parliament, Muhammad Nouri, had accused, in an interview with “Information”, the Al-Kazemi government of “failing to preserve Iraq’s sovereignty,” noting that it “does not have the political will to deter the flagrant violation of which the country is exposed.”   LINK

Sir » June 24th, 2022

IMO – Kazemi has been silent about the Turkish forces in the region for a reason. This is just a part of a greater effort worldwide to eliminate the rats where ever they may nest. Understand that when you see countries around the world under lockdown, it’s for a reason other then what you you are being told.

For those awake “you see clearly” for those just waking up, you will find it easier to put the puzzle together. As for those who are in a deep sleep, well you are missing the greatest sting ( Military ) operation in history to rid the world of evil “this is biblical “.

Prayers are needed more now than ever before to protect the soldiers who gladly put their lives on the line for humanity to not only win every battle, but to win the war.

Those of us that are not a part of this part of the war are going to be needed after. We are all here at this time for a reason, you will know what that reason is when the time is right. Stay strong and in prayer for this is our destiny. 

PS.. GOD WINS

Samson » June 24th, 2022

Russia And China Decide To Increase The Volume Of Settlements In National Currencies

24th June, 2022

Russian Ambassador to Beijing Andrei Denisov said that Russia and China will increase the volume of mutual settlements in national currencies, and new contracts have been concluded according to this scheme.

The diplomat noted that the share of national currencies in mutual settlements between the Russian Federation and China ranges from 20 to 25% and is increasing. And he said on “Russia 24” channel: “We will increase. Now, most new contracts are concluded in national currencies, but the old ones, where it is written that the settlement currency is the US dollar, or for natural gas, the euro, are still valid. 

But this trend will continue and will be gradual to gain momentum, but I repeat – no one is setting the task of doing it quickly, in order not to harm ourselves, it must all happen naturally, under the influence of specific factors.”

Western countries recently imposed a number of new sanctions on Russia because of Ukraine. Russian President Vladimir Putin said that the policy of containing and weakening the Russian Federation is a long-term strategy for the West, and the sanctions dealt a serious blow to the entire global economy. According to him, the main goal of the West is the deterioration of the lives of millions of people.

Putin also said that the United States and the European Union had effectively defaulted on their commitments to Russia, freezing its foreign exchange reserves. He added that current events draw a line under the global hegemony of the West in both politics and the economy.

Over the past months, the Russian authorities have been negotiating with partners from Asia and Africa over the transition to national currencies in trade settlements. 

Business ambassadors of the Delovaya Rossiya Entrepreneurship Organization told “Sputnik” that although this is a complex process, such a decision seems logical and correct under the given circumstances, especially in countries with which Russia already has extensive trade relations.  LINK

Việt Nam’s growth to rise by 6.5 per cent in 2022: ICAEW

23rd June, 2022

The economic recovery across the South-East Asian region has been uneven and must now contend with rising external headwinds from outside the region.

Việt Nam is predicted with a high growth prospect in the region, at more than 6.5 per cent in 2022, 0.7 per cent higher than the average growth of 5.8 per cent for the whole region.

This was a key finding from the Economic Forecast presented by the experts at the Institute of Chartered Accountants in England and Wales (ICAEW) Economic Insight Forum Q2.

Việt Nam was able to bounce back relatively quickly in 2021 compared to the rest of the region. With the easing of restrictions from last year’s Q4 that carried over to this year’s Q1, there has been a significant recovery in its services sector driven by domestic tourism.

With the current endemic phase, there should be a boost on the international tourism front as travellers return to Việt Nam. Realised foreign direct investments inflow this year should also support construction performance and labour and achieve export capacity, which remains healthy.

The ICAEW report said that even though recovery across the Southeast Asian region had been uneven with the Delta COVID variant, GDP for Singapore, Indonesia, Malaysia, the Philippines, and Việt Nam has risen back to pre-pandemic levels – except for Thailand, which is still at 2 per cent below pre-pandemic levels as its tourism industry struggled with travel and mobility restrictions.

It was noted that Việt Nam was not particularly affected by the Delta variant wave and hence did not experience large lockdowns that impacted its economy as much as Malaysia and the Philippines did.

On the other hand, Singapore was able to take advantage of the increase in demand for consumer electronics globally to increase its GDP growth by 7.6 per cent last year.   LINK

Chinese president calls for concerted efforts to build an open world economy

24th June, 2022

Today, Friday, Chinese President Xi Jinping called for concerted efforts to promote development and build an open world economy, while considering that imposing sanctions on countries would harm those who impose them as well.

Chairing from Beijing the High-level Dialogue on Global Development, in which he delivered a speech via video conference, the Chinese president said, “Building a global governance system and a global institutional environment with more integrity and justice, and continuous development is the only way to achieve happiness and prosperity.”

He added, “The imposition of any country’s maximum sanctions will only gain from it harming itself and others, and the pursuit of economic disengagement and obstruction of supply chains will not succeed.”  LINK

Source: Dinar Recaps


MilitiaMan » June 24th, 2022

The special session yesterday had a couple things going on. One was the vote for the HOR and the other apparently per FA # 1622 (see article below)  the exchange rate was in the mix. 100 hands were raised for the exchange rate change is a nice show of hands.. imo

That said, there is support that you have noticed and refer to about the data with Egmont Group. That meeting having by some pooh pooh-ing it might take another think on the matter.

The group is renown for it’s Financial Intelligence Unit. They are all about having security with respect to finance, anti money laundering and anti terrorism financing.

With Iraq gearing to go international they’ll need all the support and intelligence they can get and this group is global. They will be instrumental in investigating money laundering, etc. Think about it.. Iraq is about to change their exchange rate and the currency would be ripe for money laundering especially if the value is strong, as expected to be.

“The Egmont Group of Financial Intelligence Units is an international organization that facilitates cooperation and intelligence sharing between national financial intelligence units to investigate and prevent money laundering and terrorist financing.”

The amount of items that are ready to go for the exchange rate is quite significant now to date. They gathered over 100 signatures to reduce the Exchange rate of the dollar.

The links below show that the electronic side of things is all hooked up and ready to go. So with have the legal and necessary powers to facilitate the laws with Kahdimi, yesterday show us just how ready we are now.

The Supreme Judicial Council is the authority that clarified  the present government in place has the ability to keep the country running through whatever necessary power’s needed. I would love to know exactly what amendments they had in the additional paragraph noted in the report.

May it be the amendment for the exchange rate change? 

Could it have been about the forming of the government?

Could that be about amendments to the constitution with respect to the 2/3rds vote?

Not sure just yet, but with the emergency meeting yesterday and the Emergency Food Security Law have seasoned for 15 days + now, it surely could have implication’s that what ever is in it, it was welcomed by over 100 deputies.

Gazette day is going to be either tomorrow and or next Wednesday. For accounting purposes they may take it to the wire.. Don’t know.. But, it sure is not long to find out.. lol  The links provided are not theories. They are imo they are facts on accomplishments completed or was carried out. ~ MM

Article #1622”  “In The Document.. The Signatures Of More Than (100) Deputies Were Collected To Reduce The Exchange Rate Of The Dollar Against The Iraqi Dinar.”

Greetings… Based on Article (61 Seventh-c) of the Iraqi constitution and Article (56) of the internal system, please include the issue of reducing the price of the dollar in the earliest possible session, according to constitutional reasons, and because of the economic repercussions that are taking place in the country and the collapse of the currency and its impact on  Iraqi citizen.   With much thanks and appreciation.   LINK

Governmental Media : Implementation of the Automation Program for Customs and Tax Receipts
23rd June, 2022
LINK

Completing the electronic link between the federal government and the Kurdistan Regional Government
LINK

Cabinet Secretariat : Ur Gate will eliminate four obstacles faced by citizens

22nd June, 2022

The secretariat’s spokesman Haider Majid told the Iraqi News Agency (INA), that “the electronic governance project was carried out in several stages, the first includes the project to link the General Secretariat of the Council of Ministers with all ministries and the electronic document management project,” noting that “the e-mail has now been circulated for more than 75,000 documents between the General Secretariat of the Council of Ministers and the ministries.

He added, “The second phase includes linking independent bodies and governorates with the program, as well as launching the governance program (the National Bayan Center), which was established in the General Secretariat of the Council of Ministers, and launching Ur electronic portal, which contains 90 electronic services to citizens.”

He pointed out that “this portal will facilitate the completion of transactions and eliminate corruption, bureaucracy and red tape.”  LINK

PETRA » June 24th, 2022

Good stuff MM. Clear and factual as always.  I would like to add a few dots to the logic equation as to status:  

1. Al-Zamili stated weeks ago prior to the passing of the ESFL that upon passing of the law that the ministries would “immediately” be funded to begin their efforts of the WP’s.  Well, yesterday was that 15th day as MM stated above…..tick tock!

2. Al-Alawai the Finance Minister has been pumping his chest for the last week plus stating that basically the reforms are ready to go and his ministry is ready to engage.  Hello CBI….Tick Tock!!!

3. Today, in MM’s post above and in Frank’s FA # 1622 is not only the request of Kathemi to change the rate but also, along with it are the signatures of 100 or so Parliament Deputies agreeing with the move.  Hey CBI….Tick Tock

Therefore, with all the studies we have been doing, the international digital framework is clearly ready to go, and now we have additional oversite to insure the safety and security….OF THE RATE is now before us on a myriad of levels to engage the new Iraq!! 

So, as of now, and IMO what are we waiting for?   Hello CBI….Tick Tock!!!   The ESFL is now ‘LAW!’  You have heard now from Kathemi, Allawi, and 100+ ministers of Parliament…. Time to move CBI….or get a new watch!!!  ALL IMO  PETRA

Frank26 » June 24th, 2022

“PEOPLE OF IRAQ… ARE YOU WATCHING”…….F26

Samson » June 24th, 2022

Britain asks its citizens to dispose of $17.7 billion in banknotes

24th June, 2022

The Bank of England said people who own 14.5 billion pounds ($17.7 billion) of old notes have just 100 days to spend or deposit them before they become worthless. And the British Central Bank indicated in a statement published on its website, that about 477 million of the remaining banknotes in Britain, printed on paper, are still in the hands of the public, but they will stop appearing. 

According to what was published on its website, the bank will withdraw through legal tender the two denominations of 20 and 50 pounds after September 30, 2022. After this date, the notes of both denominations will be of no value. The Bank of England urged anyone who still has this category of banknote to use it or deposit it with its bank or any post office within the next 100 days. 

The bank added, “It’s also been one year since we released the 50 pound ($61.2) polymer note featuring Alan Turing, on his 109th birthday. With all five pound ($6.1) denominations printed. and ten pounds ($12.2), 20 pounds ($24.4) and 50 pounds ($61.2) of polymer (an environmentally friendly plastic).” 

The bank continued, “While the majority of the 20 and 50 pound notes in circulation have been replaced by new polymer issues, there are still over six billion pounds ($7.3 billion) of notes worth 20 pounds, and there are more than eight billion pounds worth of notes. £9.8 billion in £50 banknotes with the image of the economist Adam Smith on it, more than 300 million £20 banknotes and 160 million £50 notes with a picture of engineer Bolton Watt on it

Speaking ahead of time, Bank of England Chief Accountant Sarah John said, “Changing our banknotes from paper to polymer in recent years has been an important development, as it makes them more difficult to counterfeit and means they are more permanent.

The majority of old paper notes have now been taken out. From circulation, but a large number of them are still in the economy, so we ask everyone to check if you have any at home. For the next 100 days, they can still be used or deposited into your bank in the normal way.” 

The £20 note began to be withdrawn from circulation on February 20, 2020, when the polymer entered circulation, while the £50 note began to be withdrawn on June 23, 2021

The £20 and £50 notes issued by Clydesdale Bank, Royal Bank of Scotland and Bank of Scotland will be withdrawn after September 30, 2022, and the issuing authorities have advised retailers and the public to spend or deposit these notes by that date as well. The bank notes issued by the Bank of Ireland (UK) will also be withdrawn  LINK

Source: Dinar Recaps

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