“This New System is Blockchain Orientated” – Wed. PM KTFA Thoughts, News w/ Tivon, MilitiaMan 7-20-22

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Samson » July 20th, 2022

Online platform

20th July, 2022

Proceeding from the role of the Central Bank of Iraq in developing the work of exchange and mediation companies in the sale and purchase of all foreign currencies and supporting it with the technical infrastructure that allows them to ensure the integrity of their operations and document them in a way that ensures reference to them with the required speed and accuracy, this bank will adopt a special platform for the activities practiced by their companies and it will facilitate a lot of the restrictive procedures for the activity of their companies.

Note that they will be notified of the special requirements to work on this platform within specific times that will be notified later.   LINK

Q3Proud » July 20th, 2022

does this sound familiar? Pay close attention to these words:

Sale and Purchase of All Foreign Currencies + Technical Infrastructure =  Integrity + Accountability {Document}

developing the work of exchange and mediation companies in the sale and purchase of all foreign currencies and supporting it with the technical infrastructure that allows them to ensure the integrity of their operations and document them in a way that ensures reference to them with the required speed and accuracy, this bank will adopt a special platform for the activities practiced by their companies and it will facilitate a lot of the restrictive procedures for the activity of their companies.

Note that they will be notified of the special requirements to work on this platform within specific times that will be notified later.

~~~~~~~~~~~~~~

Tivon » July 20th, 2022

Man, do you see how this is coming together? I don’t even know what to say. When you think about what has been shared over the past week alone up until now. Because again how would the EFSL work without this in place?

How would the ministries feel confident that they can carry our their duties if these technical measures are not in place?

Because they have to depend on something that is considered a supplementary budget. They can not even rely on a seated GOI because otherwise they wouldn’t have to entertain the notion of self-financing anything.

So for the Central Bank to come out with this article speak volumes. I mean… all currencies?   I wonder when this platform will be ready? Has to be pretty freakin soon if the Ministry of Finance plans on overseeing the distribution of those citizens entitlements.

 Because the responsibilities of the office (MOF) include advising the head of the government; managing a budget/EFSL, taxes, and funding for programs; addressing domestic economical growth and policy; and handling international financial matters. Especially when it comes to wages that are currently being readjusted. IMO

Source Dinar Recaps


Samson » July 20th, 2022

Officially, Iran announces the start of dealing with the Russian ruble

20th July, 2022
The Governor of the Central Bank of Iran, Ali Salehabadi, announced today, Wednesday, the start of financial transactions between Iran and Russia in the national currencies of the two countries.

“Since yesterday, we started financial transactions between Iran and Russia in Russian rubles and the Iranian riyal,” the official Iranian news agency IRNA quoted Abadi as telling reporters after a meeting of the Iranian government.

“From now on, the ruble will enter the country’s foreign exchange market and find a presence,” he added. He pointed out that “with this, the volume of transactions between Iran and Russia will gradually increase, and with this work, the euro and the dollar will no longer be decisive.” The governor of the Central Bank of Iran revealed that “other currencies will be added to the Iranian market.”

On Tuesday, Iranian Supreme Leader Ali Khamenei called, in a meeting with Russian President Vladimir Putin, for the use of national currencies in the relations between the two countries instead of the US dollar. Khamenei said, according to his official website: “I agree to the policy of substituting national currencies in exchanges between the two countries and using other currencies instead of the dollar, and the dollar must be gradually removed from the path of global transactions, and this is gradually possible.”

Both Iran and Russia face severe sanctions from the West and are trying to find ways to circumvent these sanctions and conduct trade exchanges.

Russian President Vladimir Putin said during the meeting, “The sanctions are harming the West in the first place, and the result is problems such as high oil prices and the food supply crisis.” Putin accused the United States of using the dollar to ban and loot other countries, noting that “this ultimately harms them and weakens global confidence in this currency and motivates countries to use alternative currencies.”

For his part, the CEO of the National Iranian Oil Company, Mohsen Khojasteh Mehr, announced the signing of a memorandum of understanding with the Russian “Gazprom” company worth 40 billion dollars, describing it as “the largest foreign investment in the history of the Iranian oil industry.” “The National Iranian Oil Company does not disregard any investment opportunities with Gazprom and other Russian companies,” Khojasteh Mehr added. He continued, “This memorandum includes the development of the Kish and North Pars fields, an increase in production in the South Pars field, and the development of 6 oil fields.”

After the entry into force of the nuclear agreement with Iran in early 2016, the Russian company “Gazprom” signed a memorandum of understanding to study and develop a number of Iranian oil fields, but it did not take any action in terms of implementation.  LINK

Khamenei to Putin: The dollar must be removed and the Americans removed from Syria’s oil fields

19th July, 2022

The Iranian Supreme Leader Ali Khamenei described, on Tuesday, the North Atlantic Treaty Organization (NATO) as a “dangerous bloc”, stressing at the same time the removal of US forces from the oil fields in eastern Syria and the removal of the dollar from international transactions.

This came during a meeting with Russian President Vladimir Putin in the Iranian capital, Tehran. Khamenei said, “world events indicate the need for both Tehran and Moscow for more cooperation.”

Regarding the Russian-Ukrainian war, Khamenei said, “If Russia did not initiate what it did in Ukraine, the other side would have launched a war against Russia,” adding that “the West opposes Russia being strong and independent, and NATO is a dangerous bloc that has no limits to confronting it.”

“If Russia had not stood up to NATO in Ukraine, war would have broken out later, under the pretext of Crimea,” he added. On the Syrian issue, the Iranian guide stressed “the need to address the issue of America’s occupation of the oil fields in eastern Syria by removing them from there.”

“We oppose military operations in Syria and it is necessary to prevent them,” Khamenei said. He pointed out that “Western countries, especially America, have become weaker than before, and despite their efforts and spending, the impact of their policies in our region has become weak.”

Khamenei called for “the removal of the dollar from international transactions little by little, and this is possible.”  LINK

Iran announces a new round of negotiations with Saudi Arabia and praises the Iraqi mediator

07/20/2022 11:16:41

Iran announced today, Wednesday, that “five rounds of negotiations between Iran and Saudi Arabia in Baghdad have made progress.”

Iranian Foreign Ministry spokesman Nasser Kanaani said in his weekly press conference, “The holding of five rounds of negotiations between Iran and Saudi Arabia in Baghdad made progress, and the Iraqi mediator played a positive role in them, their continuation and the transmission of messages between the two sides.”

Kanaani added: “The results are pushing us towards an upcoming round of negotiations with Riyadh. The atmosphere is positive, and we hope to achieve a new result for the resumption of relations with Saudi Arabia, and Iran welcomes any step towards it in the region and meets it with positive steps.”

Kanaani said: “We welcome the Emirati statements regarding dispatching an ambassador to Iran. Our relations with the UAE continue, and they are good, and these statements foretell a new atmosphere in the region.”  LINK

The seventh European sanctions package against Russia will enter into force tomorrow

20th July, 2022

The Czech delegation, which holds the presidency of the European Union, announced that the European Union will adopt the new sanctions against Russia tomorrow, Thursday, and announce them in the Official Gazette, to enter into force as of its date

The Czech delegation wrote on Twitter: “The Council of the European Union will approve this package in a written procedure that ends tomorrow at 10 am. The sanctions will enter into force after they are published tomorrow in the Official Journal of the European Union

On July 15, the European Commission proposed a package of measures to enhance the effectiveness of European sanctions against Russia, including banning the import of Russian gold, increasing control over the export of dual-use technologies to Russia, and increasing control over the freezing of sanctioned Russian assets  LINK

Iraq is the third largest oil exporter to the Chinese government in a month

20th July, 2022

Data from the General Administration of Customs showed that Iraq became the third largest exporter of oil to government refineries during the month of June of 2022.

The administration said in its schedule, which was reviewed by “Economy News”, that “Iraq exported 3.20 million tons of oil to the Chinese government refineries during the month of June of the current year 2022, equivalent to (23.36 million barrels) and equivalent to (778 thousand barrels per day),”

Indicating that “these exports decreased by 8.1 percent from the same period last year and decreased by 31.7% from last May, in which exports amounted to 4.69 million metric tons, equivalent to (34.215 million barrels).”

And she added, “Russia ranked first as the largest supplier of crude to China in June of 2022 after it displaced Saudi Arabia for the second month in a row, bringing its exports to China at 7.29 million tons, equivalent to 53.217 million barrels, and then Saudi Arabia came second, with its exports to China reaching 5.06 million tons, or so equivalent to 36.938 million barrels.

According to the table, “the UAE came fourth, with exports of 3.12, or the equivalent of 22.776 million barrels, and Malaysia came fifth, with exports amounting to 2.65 million tons, equivalent to 19.345 million barrels.”

Crude oil shipments from the Middle East exported to China rose 6% year-on-year to 5.4 million barrels per day during the January-June period, with China’s total imports down 3.1% from a year ago during the period. The data also showed that the Middle East dominates China’s supply with a market share of 52.8%. LINK

Governor of Anbar announces the discovery of new oil wells in Nukhaib and Tharthar

20th July, 2022

Today, Wednesday, Anbar Governor Ali Farhan announced the discovery of several new oil wells in Nukhaib and Tharthar. While he confirmed the start of actual steps to transfer phosphate fields to investment, he explained the mechanism of distributing 1000 job grades in the governorate

Farhan told the Iraqi News Agency (INA), that “addressing the problem of desertification in the province requires an international effort and support from the central government,” noting that “Al-Anbar differs from other provinces by virtue of its vast desert areas

Farhan added, “The General Secretariat, in cooperation with the Ministries of Environment and Agriculture, has projects and ideas to eliminate desertification in the province, and it is hoped that the government will allocate funds from the next budget for this regard,” explaining, “The local government has studies, but the size of the problem is large and needs into huge sums of money with an international and regional effort

Regarding the natural resources in Anbar, Farhan stressed that “the local government in Anbar worked to prepare the atmosphere for oil exploration and provided the security effort for companies in the province,” expressing his hope that “the Ministry of Oil will take steps to complete oil explorations after canceling the contract with the Korean company

And he stressed, “The local government is following up the exploration file with the Ministry of Oil and Saudi-American companies in partnership,” noting that “many new oil wells have been discovered in Nukhaib and Tharthar, and the Ministry of Oil has the numbers for the new explored fields

He continued, “The province contains large quantities of gas of an important quality,” expressing his hope to “invest natural resources in the province to improve the economic reality and the reality of electricity through the investment of gas and oil fields. He pointed out that “the local government in the province has taken actual steps to refer the phosphate fields to investment

Regarding the factories suspended in the province, Farhan explained that “most of the factories and civil companies are suspended, but they are financed by the government and the general budget without production,” noting that “these factories and companies need to legislate a law from Parliament and practical steps for investment

Regarding the mechanism for distributing 1000 job grades in the governorate, between Farhan, that “committees have been formed in the administrative units, districts, and the governorate office to distribute grades according to the population ratio of each district, and the submission is done electronically to ensure that grades reach all areas in the governorate,” noting that “the application mechanism will be according to controls   LINK

Source: Dinar Recaps


Samson » July 20th, 2022

He restructured the global financial system and is accused of promoting “dependency.” What is the International Monetary Fund and how is it different from the World Bank?

20th July, 2022

After World War II, members of the delegations of 44 countries met in Bretton Woods, New Hampshire, USA, specifically in July 1944, to establish two institutions that govern international economic relations in the aftermath of World War II, the International Monetary Fund and the World Bank. Establishing a new global financial system, which contributes to avoiding a repetition of what happened after the end of the First World War.

What is the International Monetary Fund? What are its goals and activities? How is it different from the World Bank?

What is the IMF?

The International Monetary Fund is an international financial institution headquartered in Washington, D.C. It operates under the United Nations system and employs about 2,600 employees. The members of the International Monetary Fund are made up of 190 countries.

The Fund was established “to foster international monetary cooperation, maintain financial stability, facilitate international trade, encourage higher employment rates and sustainable economic growth, and reduce poverty in various parts of the world.” These are the stated goals of this international institution.

The International Monetary Fund was established in 1944, and began its work on December 27, 1945 at the Bretton Woods conference, based on the ideas of economists Harry Dexter White (Director of the US Treasury) and John Maynard Keynes (the famous English economist). Then the official presence of the International Monetary Fund began in 1956, when 29 countries participated in its establishment with the aim of “restructuring the international financial system”.

What is the importance of the IMF and how does it work?

The IMF plays a central role today in managing balance of payments problems and global financial crises; Countries contribute to financing the fund’s reserves through the quota system, which allows countries to borrow money when they face balance-of-payments problems.

Countries pay 25% of their quota contributions in special drawing rights (paper gold), and 75% in national currency, for lending purposes as needed. Quotas determine not only the contribution payments required of a member country, but also the number of its votes, the amount of funding available to it from the Fund and its share of the SDR allocation.

The purpose of quotas in general is to serve as a mirror of a member’s relative size in the global economy. The greater the size of the member’s economy in terms of output, and the greater the breadth and diversity of its trade, the greater will be its share in the fund.

According to the Fund’s official website, one of the Fund’s loans is to give member countries a chance to take a breather, until they finish implementing orderly corrective policies, in order to restore the conditions for a stable economy and sustainable growth. These policies differ according to the circumstances in each country.

A country facing a sudden drop in the prices of its main exports may need financial assistance to finish implementing measures to strengthen its economy and expand its export base. A country experiencing a sharp outflow of capital may need to address the problems that have led to a loss of investor confidence. It could be that interest rates are too low, the budget deficit and the debt stock is growing too fast, or the banking system is inefficient or poorly regulated.

What is the decision-making mechanism within the IMF?

The Fund’s organizational structure includes a Board of Governors, comprising representatives of all member countries, and is the supreme authority in managing the Fund, and it usually meets once a year during the annual meetings of the International Monetary Fund and the World Bank. Each member country appoints a governor (usually the minister of finance or the governor of that country’s central bank) and an alternate governor.

Although the Board of Governors decides on major policy issues, it delegates the Executive Board to make decisions about the Fund’s day-to-day business. Fundamental policy issues relating to the international monetary system are considered twice a year by a committee of governors, called the International Monetary and Financial Committee (which was known as the Interim Committee until September 1999).

The Development Committee, a joint committee of the Board of Governors of the International Monetary Fund and the World Bank, advises and reports to governors on development policies and other issues of interest to developing countries.

The Executive Board consists of 24 directors, and is chaired by the General Manager of the Fund. The Executive Board usually meets three times a week in sessions lasting one day each, and additional meetings may be held if necessary, at the Fund’s headquarters in Washington, DC.

Independent seats on the Executive Board are allocated to the five largest contributors: the United States, Japan, Germany, France and the United Kingdom, along with China, Russia and Saudi Arabia. The other sixteen directors are elected by groups of countries known as constituencies for two-year terms.

What countries have the right of veto in the IMF?

The United States of America, the largest economy in the world, contributes the largest share to the International Monetary Fund, with its share of 17.6% of the total shares. It is the only country in the world that has the right to block the decisions of the International Monetary Fund or the right of veto.

What is the difference between the International Monetary Fund and the World Bank?

As mentioned earlier, the World Bank Group (WBG) and the International Monetary Fund (IMF) were founded at the Bretton Woods Conference in 1944, and their missions complement each other, according to the World Bank website.

The main difference between the International Monetary Fund and the World Bank is in their respective objectives and tasks, as the International Monetary Fund aims to stabilize the global monetary system, while the World Bank aims to combat poverty by providing assistance to middle- and low-income countries.

While the World Bank Group works with developing countries to reduce poverty and boost shared prosperity, the International Monetary Fund works to stabilize the international monetary system and monitor the movement of currencies in the world.

The World Bank Group provides financing, policy advice, and technical assistance to governments, and focuses on strengthening the private sector in developing countries. The IMF tracks the economy globally and in member countries, provides loans to countries facing balance of payments problems, and provides practical assistance to member countries. Countries must first join the Fund to qualify for the Bank Group; Today, they each have 189 member countries.

The World Bank Group is known to be among the largest sources of financing and knowledge for developing countries in the world. The five institutions that make up the Bank Group share a commitment to reducing poverty, promoting shared prosperity, and promoting sustainable development.

The International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), which together make up the World Bank, provide financing, policy advice, and technical assistance to developing country governments. IDA’s focus is on the world’s poorest countries, and the International Bank for Reconstruction and Development assists middle-income and creditworthy poorer countries.

The International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Center for Settlement of Investment Disputes (ICSID) focus on strengthening the private sector in developing countries. Through these institutions, the World Bank Group provides financing, technical assistance, political risk insurance, and dispute resolution to private companies, including financial institutions.

What are the main criticisms leveled at the International Monetary Fund?

The International Monetary Fund is accused of being a “tool to strengthen the dependence of developing and poor countries on developed countries” with as much order as possible and to correct imbalances as quickly as possible. But it is one of the institutions created by the new superpower to impose not only its military hegemony, but also its economic hegemony on the world.”

The Fund’s roles in its various stages have witnessed widespread controversy about their efficacy on the one hand, and about the extent to which they are linked to political agendas that direct them on the other. “The IMF program can sometimes leave the country as poor as it once was, but with greater indebtedness and a richer ruling elite,” says Canadian economist Michel Chossudovsky. 

For his part, the American economist, Joseph Stiglitz, a Nobel Prize winner in economics and chief economist at the World Bank, and one of the most important aides to former US President Bill Clinton, says that in one of his research, he concluded that “loans provided by the IMF to countries are harmful in severe cases.” Many are directed to developing countries and third world countries.

One of the criticisms directed at the Fund is to talk about the power and control of the United States of America and its ability to give a loan or not to any country, as it is the only country that has the right of veto among the member states.

The International Monetary Fund is also under criticism; Because it adopts purely capitalist policies that encourage free market rules and rejects any restrictions from the borrowing countries on foreign exchange, and against exchange control, and against any interference from governments in monetary policies, and also directly encourages the private sector and the free market economy, and provides the same recommendations and advice to all countries, Which does not give any space to countries whose economic and social situation may be significantly different with their counterparts from other borrowing countries.

Although the International Monetary Fund of the United Nations, its role is to support the global economy, and trade transactions between different countries, it is usually accused of being one of the tools of global companies to build an empire that controls the world economy, defeats countries, and “loots and destroys the economy of developing countries,” according to John Perkins, author of Confessions of an Economic Killer, which has been translated into 30 languages, including Arabic, in which it was published under the title: “The Economic Assassination of Nations.”  LINK

What is the Paris Club? 5 points explain the story of the group that intervenes to save countries from bankruptcy and relieve their debt burden

19th July, 2022

With Sri Lanka recently declaring bankruptcy, and the International Monetary Fund and other international financial organizations warning that other countries – some of them Arab – will meet the same fate, and will not be able to pay their debts soon, there is much talk about the “Paris Club” and its role in finding solutions to the debt problem of these countries. or restructured. What is the Paris Club, who are its members, and what is its role in resolving debt crises and what are its objectives?

What is the Paris Club?

The Paris Club defines itself as an informal group of creditor countries whose goal is to find practical solutions to the payment and payment problems faced by debtor countries. It is a group that provides financial services such as debt rescheduling for debtor countries instead of declaring them bankrupt, or debt relief by reducing interest on them, and debt cancellation between highly indebted countries and their creditors. And debtor countries are often recommended or registered in the club by the International Monetary Fund, after the alternative solutions to pay the debts of those countries have failed.

The Paris-based club, where the meetings are held at the French Treasury, which provides a small secretariat to organize the meetings and a senior official to chair them, says it seeks “sustainable and coordinated solutions” to the payment problems faced by debtor countries. As countries with large debts undertake reforms to restore their financial and macroeconomic stability, the Paris Club creditors offer a debt treatment that is commensurate with the situation of these countries.

Paris Club creditors may facilitate debt rescheduling of debtor countries (rescheduling means renegotiating the terms of the loan), which may include deferred payments. Some countries are offered soft rescheduling, reducing debt service obligations over a specified period.

Where did the idea of the Paris Club come from?

The club says that the aim of its formation is to avoid debt crises and the resulting international tensions that in the past have led to conflicts and even invasions of debtor countries. Dealing with Paris Club debt was the best option for developing countries to manage their debts and obtain forgiveness, especially during the twentieth century.

The idea for the club was born out of talks held in Paris in 1956 to discuss the crisis between Argentina and its various creditors, and since the Paris Club is an informal group, there is no founding date.

Later, the Paris Club codified its principles and procedures in the seventies of the last century, in the context of the dialogue between the North and the South. Since 1956, the creditor countries that are members of the club have concluded more than 478 agreements relating to 102 debtor countries. Since then, the total debt covered in these agreements has reached 612 billion dollars, according to the official website of the Paris Club.

As an informal group, the club does not have any statutory laws, which gives creditor member states flexibility in facing the special situations of each debtor country facing difficulties in repaying its debts.

Who are the members of the Paris Club?

The permanent members of the Paris Club are 22 countries, which are countries that agree on the main principles and rules of the Paris Club, consistently apply the terms specified in the minutes agreed to in the Club to their bilateral claims, and must have settled any bilateral disputes or arrears with the Paris Club countries, If any.

The member countries of the Paris Club are: France, Australia, Austria, Belgium, Brazil, Canada, Denmark, Finland, Germany, Ireland, Israel, Italy, Japan, South Korea, the Netherlands, Norway, Russia, Spain, Sweden, Switzerland, United Kingdom, United States of America.

The club also has observers who can attend, but cannot participate in, the Paris Club’s negotiating sessions. Here are three categories of observers:

1 – Representatives of international institutions and organizations, namely:

2- The members without claims: These are the representatives of the permanent members of the Paris Club, who have no claims in respect of the treatment of debts, for example creditors whose lending includes a minimum clause, or who do not owe the money of the debtor state, but nevertheless wish to attend the meeting.

3- Representatives of countries that are not members of the Paris Club: These are countries that have claims on the debtor country, but are not in a position to sign the Paris Club Agreement as temporary participants, provided that the permanent members and the debtor country agree to attend.

What are the principles of the Paris Club and the mechanism by which it operates?

The members of the Paris Club meet every month, with the exception of February and August, in the French capital, Paris. These monthly meetings may also include negotiations with one or more debtor countries that have fulfilled the club’s preconditions for debt negotiation.

The main conditions that the debtor country must meet are that it should have a clear need for debt relief and be committed to implementing economic reform. In effect, this means that the country must already have a program with the International Monetary Fund (IMF), backed by a conditional arrangement.

The Paris Club treats debts owed by debtor country governments and some private sector entities as publicly guaranteed by members of the Paris Club. The club offers a standard set of tiered terms for debt handling, from rescheduling payments at market rates to canceling up to 90% of certain debts. The specific set of terms offered to each debtor country is on a case-by-case basis, based on its position, characteristics and payment history.

With regard to the club’s working mechanism, the creditor countries meet 10 times a year in Paris for public business, and to negotiate with representatives of the debtor countries. At these meetings, representatives of debtor countries present their case for debt relief to the members of the Paris Club, who then decide in closed session what treatment the debtor should provide.

This process can then be repeated with additional sessions and requests for information until a deal is reached. The resulting agreements are not legally binding per se, but must be used as the basis for legally binding bilateral arrangements between the debtor and creditor countries of the Paris Club.

What are the most prominent examples of countries entering the Paris Club to save them from the debt crisis?

In the 1990s, the club began treating heavily indebted poor countries in a different way, granting greater privileges to heavily indebted countries. While he followed the policies of granting financial bonds and recourse to non-governmental creditors with other countries.

The club entered into an agreement in 2003 with Indonesia to reschedule $5.4 billion in debt, and rescheduled $12.5 billion in debt with Pakistan in 2001 over a period of 38 years.

Also in 2001, the debts of Yugoslavia (which disintegrated in 2006) were scheduled at three billion dollars, and the repayment schedule is determined according to the extent of that country’s capabilities and economic potential, based on the recommendations of the International Monetary Fund.

In 2004 the club decided to write off Iraq’s debts in full. Also, after the earthquake in the Indian Ocean in the same year, the Paris Club decided to give great facilities to the affected countries in paying their obligations. LINK

Source: Dinar Recaps


MilitiaMan » July 20th, 2022

There are many things that are underway and because the PM Kahdimi has the necessary powers proved to him while during emergencies.  That may have very far reaching powers to. Far enough to do contracts and or even dissolution of the parliament.

As we can see the day that Total (French Oil company) announced they would be leaving by end of month. That most definitely rattled their cage at the PM office. lol. We saw the result later that day with a conclusion and signing of the Total deal. We then witnessed the PM the next day get a medal of honor on France’s Total behalf.

Then we later hear that the Total contract(s) were originally in USD denomination, yet those contracts were cancelled and re-written in Dinar.

That would take an emergency action one may think? One action that today suggests the contracts may be challenged by a deputy(s) to their validity. The action by the deputy apparently will be appealed with the Supreme Judicial Council. The deputy likely hasn’t read his own constitution very well.

The SJC has written a few times on the matter. There is no such thing as a caretaker government. The term caretaker is merely contextual and not implicit to the constitution. Note:

We know the data has been provided to support that view many times. So, I am of the mind that Total knows that what happened was legal and is presently legal of necessary powers to be used as need be during the political crises (emergency).

Now with PM Kahdimi last week talking about: Al-Kazemi made that announcement last Sunday for all ministries to nullify, void, and adjust, contracts dealing with wages.~ PM  Kahdimi

Then we see the CBI come out and tell us they have an online platform that is in process of developing the work of exchange and mediation companies in the sale and purchase of all foreign currencies.

That means they have a plan and are telling those in the need to know and us that they’ll be letting all know that the platform will have restrictions and will ensure speed and accuracy. The special platform for activities practiced by their companies will b effeictly efficient as it gets. They will be notified of the specific time later.

In other words, pay attention now. Change is coming and you will need to have the instructions to maintain integrity of operations.

Well that suggest this new system is block chain oriented by the sounds of it.

The system would be known by the PM, as the CBI would have worked in conjunction on the matter, just as like the WTO has an eye and or ear in the matter too. So, yes to the EFSL, (Emergency Food Security Law)  it has wide reaching tentacles that allow for the many things to happen during the normal course of the day to day needs of the citizens and their entitlements.

One of which is the changing of the exchange rate. The online platform will see to that being smooth, fast and secure.. I like it all. ~ MM

Source: Dinar Recaps

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