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KTFA
Samson » July 29th, 2022
Iran and Russia delete the dollar from financial transactions and start dealing with the riyal and the ruble
29th July, 2022
After 5 years of talks between Iran and Russia regarding the necessity of removing the US dollar from the trade exchange between the two countries, it was announced in Tehran that implementation had begun.
On the sidelines of Russian President Putin’s visit to Iran, the governor of the Central Bank of Iran, Ali Saleh Abadi, announced last Wednesday that Tehran and Moscow have started dealing in the Iranian riyal against the Russian ruble in their bilateral exchanges, and that commodity exporters can sell the ruble they get from the Russian side in the Iranian market to import goods. from Russia.
Coinciding with the two countries’ deletion of the dollar currency from their trade exchanges, the Iranian currency exchange began trading in the Russian ruble and the Iranian riyal.
Face sanctions
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Observers in Iran believe that the adoption of national currencies in the exchanges of Tehran and Moscow comes in the context of facing US sanctions, and strengthening bilateral cooperation between them away from the global financial system “SWIFT”.
In this context, economic researcher Gholam Reza Moghadam believes that US sanctions on Tehran’s financial exchanges, especially on its oil exports, were a major reason for Tehran’s proposal to adopt national currencies in its trade exchanges.
In his speech to Al-Jazeera Net, Moghadam described the deletion of the dollar from Iran and Russia’s exchanges as a practical step to circumvent the US ban on their use of the global exchange system “Swift”, explaining that Iran had officially joined the Russian exchange system in 2019 but had not yet reaped its fruit. LINK
Iraq and Saudi Arabia compensate for Russian oil supplies in European markets
29th July, 2022
Iraq and Saudi Arabia are transferring more crude oil to Europe, helping the continent’s oil refineries to replace Russian oil.
More than one million barrels of crude oil per day made its way from the Middle East to Europe during the first weeks of July through a pipeline that crosses Egypt, according to ship-tracking data compiled by Bloomberg. Oil shipments have doubled in volumes from a year ago. Most of the oil flowing through the pipeline is Saudi, and Iraq is seeking to ramp up deliveries as well.
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Oil companies can deliver their shipments either through the SUMED pipeline in Egypt or pass directly through the Suez Canal, if their ships are small, as is the case for Iraq. The volumes of oil flows through the pipeline increased from about 800,000 barrels per day during the previous month to reach the highest levels since the short-term increase that occurred when prices fell sharply in April 2020.
In addition to those flows, about 1.2 million barrels per day were shipped from the Persian Gulf through the Suez Canal during the first three weeks of July, most of it coming from Iraq. Which could raise total flows from the Middle East to Europe to 2.2 million barrels per day, an increase of nearly 90% since January, the last month before the launch of the Russian war on Ukraine.
The shift comes as Russian oil volumes increase in the opposite direction, from its Baltic and Black Sea ports to buyers in India and China. This is given the abundance of cheap oil in the two Asian countries at a time when fuel prices were rising. Commenting on Middle East oil, Giovanni Stonovo, commodities analyst at UBS Group AG, said: “We are now seeing some of those barrels being redirected away from Asia to Europe.” This comes as Europe reduces its purchases of Russian oil and instead sends its oil to a major market in the Middle East and Asia.
It is not certain whether flows from the Middle East to Europe will be sustainable in such quantities. At the end of this year, the European Union’s ban on Russian crude oil is due to come into effect. Part of the sanctions package includes a ban on securing shipments of Russian supplies to any buyers. LINK
Al Sanam Islamic Bank selects ICSFS banking software
29th July, 2022
Al Sanam Islamic Bank, a newly-established Islamic bank in Iraq, has selected ICS BANKS Islamic Banking software solution from ICS Financial Systems (ICSFS).
The signing ceremony took place at ICSFS’ centre of excellence, Amman, Jordan.
According to a press release, Al Sanam Islamic Bank will provide comprehensive, Shari’a-compliant financing products and services to the Iraqi market, with a robust focus on digital banking. LINK
Mustangroper » July 29th, 2022
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Hey where is Article of K telling the people of new rate coming? I want to frame that and put it on my wall. Can some tell me where it posted?
Suzie » July 29th, 2022
We’ve heard it, let’s see it. They’ve already made the guinness book of record for longest time of no seated gov’t, they probably also hold the record for promises made, not kept, maybe now……..? Just my opinion!
Patriot12 » July 29th, 2022
I believe there is no article confirming this as I asked yesterday, would they publish it ?? I dont know, doubt it depends on who they are…. but the event was filmed….. IMO I believe the info came from Eddie if I’m correct but dont quote me IMO Im of the belief we need M totally out, Parliament dissolved then hopefully a rate only IMO what do I know
Suzie » July 29th, 2022
I’ll “go” with Tivon saying the boulder is rolling downhill with nothing stopping it, so we’ll see….and wait, hopefully that boulder doesn’t hit a pebble to throw it off course which has happened SO many times in the past..
Wagmister » July 29th, 2022
MM or Petra said on Wednesday this will be done in a “short time or quickly “. I hope and pray that is fast, meaning less than a month, not several months or a titanium date, near proximity. Iraq. Just do it, seat the government and lets see what’s next.
Samson » July 29th, 2022
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Economist: Iraq Has Many Opportunities To Invest In Oil Instead Of Selling It
28th July, 2022
On Thursday, economic analyst Younis Al-Kaabi confirmed that Iraq has many opportunities to invest in oil with many major countries, similar to the agreement with France, which provides for obtaining oil in exchange for the export of aircraft to Iraq.
Al-Kaabi said in an interview with Al-Maalouma that “there are many agreements that did not see the light of day, especially with South Korea, which was to build Iraqi infrastructure in exchange for oil,” stressing that “the Russian war with Ukraine will increase the rise in oil prices because the signs of the global crisis have begun.” Her features appear.
He added, “The Chinese agreement, whose contract with Iraq was not completed, would have served the country a lot by pledging to build thousands of schools and residential complexes, as well as state institutions, according to the development and modernity that has not entered Iraq so far.”
He continued, “If Iraq takes such strategies and concludes agreements, the rise or fall of global oil prices in the future will not directly affect the work of Iraq’s future projects.”
Global oil prices rose in all countries, as a result of the global war between Russia and Ukraine and Russia’s decision to stop the export of oil and gas to Europe and America. LINK
Infographic.. the largest Arab countries in gold reserves and their ranking in the world
28th July, 2022
The Kingdom of Saudi Arabia continued to lead the list of the largest Arab countries in possession of gold reserves at the end of the second quarter of 2022, according to a report issued today, Thursday, by the World Gold Council.
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Iraq achieved the highest increase in gold reserves at the global and Arab levels during the second quarter of 2022; It raised its reserves by 33.97 tons, followed by Turkey with an increase of 26.6 tons, while some countries reduced their reserves, led by Germany by 3.36 tons, and among the Arab countries the UAE decreased by 0.27 tons.
The following infographic shows, according to figures issued by the World Gold Council, the ranking of the largest Arab countries in possession of gold reserves at the end of the second quarter of 2022, and their ranking at the Arab and global level: LINK
Integrity returns more than 350 million dinars owed by an Iraqi school principal in India
28th July, 2022
The Federal Integrity Commission announced that it was able to return more than 350 million dinars to the state treasury, indicating that these amounts were owed by the “principal of the Iraqi school” in New Delhi previously.
The Investigation Department reported that, after taking legal measures, the commission’s efforts in follow-up and investigation led to the return of the sum of 354,811,374 million dinars from the former director of the “Iraqi School” in New Delhi to the public treasury. Based on the provisions of Article (331) of the Penal Code; For intentionally committing a violation of his job duties with the intent of causing harm.
The department added that the accused organized exchange documents and received the amounts for his personal benefit, indicating that he organized a payment document for the dyeing of the school building, while the contract concluded with the owner of the building included that the owner paints the building every two years, as well as exchange documents for the fees of transporting students and the value of the uniform for them Investigations proved that it was fulfilled by the students’ parents.
She explained that the accused exceeded the limits of his job by opening two schools in the cities of “Allahabad” and “Hyderabad” without obtaining fundamentalist approvals, in addition to disposing of school furniture, and organizing receipts for the purchase of new furniture and “antiques”, contrary to reality, and they were not handed over to the new administration. for school; Based on the record of receipt and delivery. LINK
Source: Dinar Recaps
MilitiaMan » July 29th, 2022
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In other words we are going to bring purchase power with a concerted effort into the region. All will be on the same page with regional trade exchanges. They are using terms like added value and easing costs.. All timed into a calendar. All interlinking at the same time.. imo.. A shoulder to shoulder on the matter.. lol ~ MM
Samson » July 29th, 2022
Iraq calls for the launch of a common market and a unified agricultural calendar among Arab countries
29th July, 2022
The Iraqi Minister of Agriculture, Muhammad al-Khafaji, called on Friday to launch a common market and a unified agricultural calendar among the Arab countries in order to improve trade exchanges between them to fill the food shortage due to the crisis the world is witnessing.
This came during his meeting today with the President of the Lebanese Republic, Michel Aoun, on the sidelines of his participation in the Quartet Agricultural Meeting in Beirut, according to a statement issued by the Minister’s office.
The statement stated that Al-Khafaji stressed the importance of concerted Arab efforts to confront food security and secure food and agricultural products for our peoples, calling for the need to launch the Arab Common Market to improve trade exchanges and address food shortages in order to achieve food integration.
The statement quoted the minister as saying, “Our ambition is to include the largest number of Arab countries in this alliance and to strengthen relations at the agricultural level,” noting that “when we can reach a unified agricultural calendar between countries, an added value will be achieved for farmers, as well as consumers in terms of easing cost”. LINK
Al-Tamimi Clarifies The Legality Of Holding The Parliament Session Outside The Capital
29th July, 2022
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The legal expert, Ali Al-Tamimi, explained the extent of the possibility and legality of holding the parliament session in a place outside the capital and the building of the House of Representatives, pointing out that the parliament’s internal system was clear in this matter.
Al-Tamimi told Al-Maalouma, “Article 21 of the parliament’s internal system authorized the convening of the parliament session in another governorate, as it was stated in this article (parliament sessions are held in Baghdad and can be held in other places when necessary).”
He added that “the legal text in the internal system, when Baghdad specified a place for parliament sessions, allowed them to be held in another governorate, and the word places in it included all governorates, even the governorates of the Kurdistan region.”
And he indicated that “the internal system is clear, and in sum, it allowed for the parliament session to be held, whether in Baghdad or in other provinces, when it was necessary to move in order to hold it in another place.” LINK
MilitiaMan » July 29th, 2022
Interesting stage they seem to be setting. Didn’t Halbousi and Kahdimi meet in Ramadi the Capitol of Anbar Wednesday prior to Kahdimi getting back into the Dome same day? Saleh popped his head in with statement on “GREAT ENTITLMENTS” for the citizens? He sure did.
The four amigos all had something to say that day. Kahdimi, Sadr, Saleh and Halbousi were vocal and in support for peace and the citizens.. Now we watch for the dissolution imo anyway.. They have secured the green zone and even the Supreme Justice Council building..
That is where the “Constitutional Entitlements” (Great) are born.. Sure seems to be a HOT weekend for EVENTS to take place.. imo ~ MM
Samson » July 29th, 2022
In conjunction with the mobilization of my chest.. more green gates closed
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29th July, 2022
The Sadrist movement continues to mobilize its supporters to hold a demonstration tomorrow, Saturday, in the event of the Parliament session scheduled to elect the President of the Republic, while the security forces tightened their procedures in the Green Zone.
And media outlets affiliated with the Sadrist movement published a picture of Aoun Al-Nabi, who is close to Muqtada al-Sadr, and the general official of the Peace Brigades, Tahsin al-Hamidawi, while they were in Tahrir Square in central Baghdad. As the leaders of the movement mobilized for tomorrow’s demonstration, the security forces closed more gates of the Green Zone and the surrounding roads.
A security source said in an interview with Mawazine News that “the security forces closed the green gate leading to the Supreme Judicial Council with concrete blocks.” He added, “The planning gates leading to the Presidency of the Republic were also closed, as were the Muallaq, Al-Sink and Al-Gomhoria bridges.”
Today, Friday, the Baghdad Operations Command held a security meeting to discuss a plan to secure protection for the demonstrations tomorrow, Saturday. And the leadership stated in a statement received by Mawazine News, a copy of it, that “Lieutenant-General, Commander of Baghdad Operations, Ahmed Salim, chaired an expanded security conference attended by the leaders of the advanced headquarters on the Karkh and Rusafa sides, team leaders and directors of security services operating within the sector of command responsibility.” She added, “The conference was held to discuss the security plan for securing protection for the peaceful demonstration to be launched on Saturday.”
MilitiaMan » July 29th, 2022
There is the security being put in place. Demonstrations set for tomorrow. Lets see if they have a vote or not in the Dome or not and or even elsewhere.. They talked about that being legal to do constitutionally.. Crazy times, exciting too.. imo ~ MM
Samson » July 29th, 2022
Parliamentary Integrity: Billions are being stolen, and we have sent several corruption files to the commission
The Parliamentary Integrity Committee revealed that it had sent several corruption files to the Integrity Commission in order to work on them.
A member of the committee, Alia Nassif, told {Euphrates News}, “The Parliamentary Integrity Committee works separately. There is a collective and individual work, and each deputy works alone.”
And she added: “Despite the reluctance in the Parliamentary Committee due to political differences, the deputies send files to the Integrity Commission and we hope that it will interact with us, because the capabilities of the Commission are higher and greater than the capabilities of the representative, especially in the aspect of obtaining information.”
And she continued: “We have sent many files regarding corruption files in the Ministry of Transport and Electricity, as well as interrogations of the corrupt, and there are billions being stolen from the country under pretexts and names.” LINK
MilitiaMan » July 29th, 2022
So many things that are flowing all at the same time. Imagine the dissolution of Parliament.. Who will be clean and with no immunity?.. We may be about ready to find out. lol ~ MM
Source: Dinar Recaps
Samson » July 29th, 2022
Al-Kazemi calls for wisdom
Today, 01:03 Baghdad –
Prime Minister Mustafa Al-Kazemi congratulated all Iraqis and the Islamic world on the beginning of the Hijri year, while calling for wisdom.
Al-Kazemi said in a tweet to him on “Twitter”, which was followed by the Iraqi News Agency (INA), “We bring the most sincere congratulations to all Iraqis, and the Islamic world, at the beginning of the Hijri year, with its message to humanity that includes the values of tolerance and peace for humanity.”
He added, “At the beginning of the sacred month of Muharram, we remind everyone of the sanctity of the month, and we call for wisdom, praying to God to perpetuate the blessing of love and stability for us.” LINK
Source: Dinar Recaps
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