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KTFA
Samson » August 4th, 2022
Russia Adopts Measures To Abandon The Dollar And The Euro
4th August, 2022
The Russian Central Bank intends to speed up the procedures for the gradual abandonment of the use of foreign currencies, and in this context, additional measures will be taken to reduce banking operations in dollars and euros.
This came within a report of the Bank of Russia (the Russian Central Bank) on the development of the financial market in Russia in light of Western sanctions.
The Russian Central Bank said in the report: “In the current conditions, it seems that the gradual abandonment of the use of the currencies of unfriendly countries in the course of the internal and external payments is inevitable.
The central bank will help speed up the process of reducing the volume of banking operations (in dollars and euros) by introducing additional regulatory measures.”
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The Russian Central advises the government to issue directives to state-owned companies on transferring money they own from the currencies of unfriendly countries (the dollar and the euro) to the currencies of other countries.
Since last February, Western countries have begun freezing the foreign assets of Russian banks, as well as limiting the operations of Russian banks linked to the world’s major reserve currencies, and the Russian Central indicated that these currencies have become “toxic” for use in international and domestic payment transactions. LINK
World Bank: Commodity Prices In Iraq Have Risen 7% Over The Past Two Months
4th August, 2022
In a report, the World Bank warned of the danger of continuing high inflation in most low- and middle-income countries, noting that the share of high-income countries, noting that Iraq witnessed a rise of 7.6 in foodstuffs.
Lebanon ranked first globally on the World Bank’s index of food price inflation, surpassing Zimbabwe, which came in second, and Venezuela in third place. This indicates the magnitude of the challenges ahead for Lebanon, which suffers from a severe crisis in its food security.
The World Bank warned of the danger of persistent high inflation in most low- and middle-income countries, noting that the share of high-income countries that face high inflation is witnessing a sharp increase in their rates as well, and published a list of the ten countries most affected by inflation and high prices. His statistics for the year 2022 showed that the prices of food and beverages continued to rise in many countries of the Middle East region compared to the same period last year.
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He attributed the direct cause of this reality to the Russian war on Ukraine, as the Middle East and North Africa region relies heavily on the Black Sea region for wheat consumption, stressing that the war in Ukraine “threatens poor countries with a food crisis and overlapping debt.”
While the report indicated that wheat is one of the staple foods in the Middle East and North Africa, the war in Ukraine is causing disruption in the wheat supply chain, causing critical problems in food security in the region.
As a result, the CPI for food increased significantly in most countries of the region, with Egypt (24.2 percent), Morocco (9.5 percent), Iraq (7.6 percent), Lebanon (216 percent), and (Syria 71 percent). ), Yemen (43 percent), Palestine (8.1 percent), and most of these countries are facing severe wheat shortages. LINK
Representatives of 40 countries announce their participation in the Russian East Economic Forum
4th August, 2022
Anton Kobyakov, Executive Secretary of the Organizing Committee of the Eastern Economic Forum, said that representatives of more than 40 countries have confirmed their participation in this year’s economic event held in the Russian city of Vladivostok.
“This great interest in the East Economic Forum confirms that the forum has become the most popular global business platform for expanding international cooperation in the Asia-Pacific region. We expect the participation of foreign leaders and distinguished guests,”
Ross Congress quoted Kobyakov, who is an advisor to the Russian President, as saying. the level”.
The official noted that the event organizers have prepared a rich business program that includes topical issues related to the development of far East the global and regional economy and international cooperation, as well as discussing ways to overcome the economic crisis that threatens the world.
“Today we have already found ourselves in a new reality, our main task, formulated in the main title of the forum “On the way to a multipolar world”, is to rebuild business activities, find new support points for economic cooperation and growth,” Kobyakov added.
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Will be held World Economic Forum from 5 to 8 September in the city of Vladivostok Russian on campus far East federation. Forum activities include more than 70 trade events. LINK
Israel enforces ban on personal cash transactions over $4,360 to curb financial crime
4th August, 2022
Israel enforced a ban on personal cash transactions over $4,400 between private citizens, and a limit of $1,700 on business transactions, according to local media reports.
The rule, which came into effect on August 1, was a part of the Israeli tax authority’s way of fighting organized crime, money laundering, and tax evasion, i24 News reported.
Previously, individuals could transfer up to $14,700 in cash and up to $3,200 for business deals, i24 News reported, citing Israeli outlet Globes. “The goal is to reduce cash fluidity in the market, mainly because crime organizations tend to rely on cash. By limiting the use of it, criminal activity is much harder to carry out,” a tax authority official Tamara Bracha was quoted as saying by The Media Line.
Attorney Uri Goldman, reportedly an expert in tax civil and criminal law, and money laundering according to The Media Line, was quoted in the report as saying: “When the bill passed there were over a million citizens without bank accounts in Israel. The law would prevent them from conducting any business and would, practically, turn 10 percent of the population into criminals.”
The Media Line report clarified that there would be exemptions to the new law including charitable institutions and trade with Palestinians from the West Bank who are not Israeli citizens.
For Israeli-Palestinian trade, large cash deals will reportedly be allowed provided that a detailed report is presented to Israel’s Tax Authority, The Media Line reported. LINK
Iraq:
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Work : Recovering 100 billion dinars from social welfare abusers
4th August, 2022
The Ministry of Labor and Social Affairs announced the recovery of 100 billion dinars from the trespassers on the social care network.
The Director-General of the Department of Social Welfare in the Ministry, Zikra Abdel Rahim, told the “Duty of Frankness” program, which is shown on Al-Iraqiya News, followed by the Iraqi News Agency (INA), that “social care must be temporary,” indicating that “we are working on social welfare reform with the participation of international organizations.”
She added, “The reform of social welfare will take a year and a half,” stressing that “we recovered 100 billion dinars from those who abused social welfare.”
She pointed out that “300,000 families are waiting for financial allocations to be included in social care.” LINK
Saraya Al-Salam Official For The “Corrupt”: Your Days Have Become A Number
3rd August, 2022
The General Officer of the Peace Brigades, Tahseen Al-Hamidawi, said Wednesday, that the days of the “corrupt” have become a number.
Al-Hamidawi said in a post followed by Earth News, “The revolutionary Hussein (peace be upon him) is our role model and his great revolution is our school, and we are only students of the reform revolution that our honorable Al-Sadr masters followed.”
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He added, “O corrupt people, your days have become a number.” LINK
Source: Dinar Recaps
Tivon » August 4th, 2022
Theft By Counterfeit:
Listen, you all will have to be mindful of the fact that you hold currency that some bank tellers will be tempted to confiscate by telling you your money is inauthentic and keep it for themselves and exchange it later.
A lot of people work jobs out of survival. Not because they love it. So they will take advantage of any opportunity to escape the drudgery of a 9-5 if it means taking advantage of naive customers who are not privy to schemes that are redundant practices unbeknownst to the general public.
Some of them are and were skeptical of the foreign currency swap that would yield large returns simply because of the improbably nature of something of this magnitude being allowed or accessible to the common man without investing a large sum of money from the onset to get the type of (ROI) that is promised.
So you have to guard your currency and do not allow them to keep it without validating the reason with undeniable evidence that what you hold is invalid.
What is a dead give away is them not destroying the currency in front of you. If they take it out of your view and not shredding it you may have some “Theft by Counterfeit” perpetrators on your hand.
If a bill is counterfeit, it is sent to the Secret Service. But if it’s merely unfit by the Fed’s standards, then the machine shreds it.
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Those shredded notes are sent to landfills or packaged and provided as souvenirs to the public on Federal Reserve Bank tours.
So if I were you I would only deal with provisional overhead in their department. Because this type of money is to large for your average bank teller anyway. So there really is no reason to deal with them.
Once in the bank ask for the manager. Inform him you have IQD and would like to discretely exchange and deposit a small amount until you figure out what your next move is.
If they want to authenticate your IQD give them the smallest bill you have and you want to see them destroyed in plain view if they are found to be fake.
There should only be two people in the room. You and the person in question. Imo
4Cash » August 4th, 2022
IMO Tivon, very good information for everyone that is a holder of the Iraqi Dinar!!!
Edna » August 4th, 2022
Best advice I’ve [ever] heard concerning this aspect of exchange. Concise, straight to the point and easy to digest. Thank you.
Tivon » August 4th, 2022
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Comex 589
Basel 3 Compliant
ISO-20022
These three things above should always be the deciding factor as to who you decide to bank with. I don’t care about the title or name of the bank. If they are not operating within those parameters then you should not put your money in any of those banks.
Especially if they are not Basel 3. Then you should go from there. How much insurance can they cover. If you are comfortable with that. Then the next question should be about the interest. And you know just build from there.
Because you have to have the next 10-15 years or more in mind when you are handling money with bank institutions. Especially credit.
Russia is the first country that does not have a Rothschilds Draconian system that is bleeding their citizens dry through predatory lending practices. These banks would borrow money from the Federal Reserve at 2% intrest. But charges you 7-8% intrest on a house loan from money they don’t even physically possess in their vault.
It only exists on a computer. Yet, you are paying real money on fake money throughout your career that ends up being way more than the interest the bank had to pay in order to even write up the deal in the first place.
Guess what? If the banks follow those three banking rules above they will not be able to do this anymore. Because “The Gold Standard” alone by it’s very existence promotes fiscal responsibility where money printed out of thin air will no longer be standard procedure. Imo
Source: Dinar Recaps
RE: KTFA Wednesday Night CC : https://fccdl.in/B5IZxy6LaD
Tivon » August 4th, 2022
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Are you serious? Are you not entertained? Do you see how it pays off to stay in the game? Look where you are right now.
Let me get this straight. The IMF gave the the CBI 30 days. The CBI basics gave banks 25 days. The SWIFT basics have all banks until November. Guys do you see what is happening? Deadlines. You have no reason to doubt anymore. This is over.
Frank had the most informative call with boots on the ground confirming everything that basically spread as just rumors but from trusted sources none the less.
You are about to cross the finish line.
Frank hinted at Al-Kazemi basically already having his government which can go multiple ways which can work either way as he mentioned. He can introduce or dissolve. Or dissolution or introduce. But guess what? It doesn’t matter because the CBI will still only have days to change the rate. So we don’t have to concern ourselves with the political side.
I always told you guys Al-Kazemi wants this done now. And what did you hear on the call? That he made a deal with the CBI.
You guys should be preparing to step into an entire new lifestyle. Things are moving for you. All you had to do was be patient. This is why I stayed on the EFSL like my life depended on it because once I done the homework I knew Al-Kazemi changed the entire landscape of this investment to speed it up and take it out of the hands of those who would have kicked thus down the road even further.
Shout out to everyone that played a huge part in keeping us informed. We all deserve credit for even having the mental tenacity to stick around this long. What a ride it has been.
Congratulations to you all. Take your bow.
~~~~~~~~~~~
BlaqueBeauty » August 4th, 2022
Yeah boyi IMO per Mr Frank ub2b…Kazemi has his government..he doesn’t need to seat it kaboom
Tivon » August 4th, 2022
Right, something that was stated many times even prior to the call. Who can you possibly sit when the elections don’t start until months from now? That’s the entire purpose of an interim government.
I told everyone Al-Kazemi didn’t need to wait for no one. Once dissolution happens he becomes everything he needs to be to jump start everything in the EFSL. This is why I stayed on this case. This is why so many political hit pieces were created. They actually thought they had the citizens so brainwashed that they would fall for the smear campaign to sway favor away from Al-Kazemi so he wouldn’t have enough support to get things done. Boy they were wrong.
Maybe in 1995 up until 2005 before social media took off it basically stole the thunder that television once had. This was what the government underestimated. They never knew how powerful alternative media would become.
Generation Z to Millineals tuned out from television a decade+ ago. Unless some dance, singing, or award show was on nobody was sitting around waiting for what Anderson Cooper or Rachel Maddow had to say. Especially Barbara Walters.
That’s why they had to resort to infotainment when it came to political satire from the John Stewart Daily Show or the Stephen Colbert Show. That’s the only thing that made politics somewhat interesting. Trevor Noah was basically handed a sinking ship.
Anyway I can go on and on. Goodnight KTFA. Imo
DoTalktoMe » August 4th, 2022
We are aware that banks were told they have until the 15th to be ready. Implies RI will be after that time frame.
Samson » August 4th, 2022
34 fraudulent customs transactions were seized at the port of Umm Qasr Al-Awsat port
3rd August, 2022
Wednesday, the Border Ports Authority announced the seizure of 34 forged customs transactions at the port of Umm Qasr Middle Port
The authority said in a statement, “Under the supervision and follow-up of the head of the Border Ports Authority, Major General Omar Adnan Al-Waeli, and to complete the qualitative operation carried out by us yesterday, which resulted in the seizure of (10) forged customs transactions for (engine power) wheels that were smuggled from the warehouses of Umm Qasr Al-Awsat Port. The same ports were seized (34) from forged papers and other priorities (for engine power)
She added, “After setting up a tight ambush, the suspect involved in these operations was arrested, the necessary legal measures were taken, and he and the forged priorities were referred to the competent authorities to complete his papers and investigative procedures,” noting that “the Border Ports Authority is determined to pursue those who tampered with economic security, in addition to continuing And in a field and technical way, with electronic auditing and matching, to prevent any case of smuggling, manipulation, fraud or waste of public money
And she continued, “so that the corrupt and smugglers know that the authority will always be the striking hand to prosecute them, hold them accountable, and punish them according to the law to raise the level of work and achieve government directives and recommendations LINK
Mr. Al-Hakim: The political system has determined the mechanisms of reform and change from within, and we support Al-Kazemi’s initiative
08/04/2022 13:10:56
The head of the State Forces Alliance, Mr. Al-Hakim, indicated today, Thursday, that the political system has defined the mechanisms of reform and change from within, pointing to its renewed support for the initiative put forward by Prime Minister Mustafa Al-Kazemi.
And his media office stated in a statement received by {Euphrates News} that “the developments of the political scene in Iraq and the region and the strengthening of bilateral relations between Iraq and Britain are files that we discussed during our meeting with British Ambassador Mark Brighton,” stressing the need for dialogue between political parties under the roof of the homeland and the national interest.
According to the statement, Mr. Al-Hakim added, “Change and reform need to adopt legal and constitutional contexts for its implementation,” noting in this context that the political system has defined mechanisms for reform and change from within, and we renewed our call for all political forces to assume their responsibilities towards the current political situation.
Mr. Al-Hakim reiterated our support for the initiative put forward by the current prime minister, indicating “the importance of bilateral relations between Iraq and the countries of the world.”
While stressing the maintenance of communication and interests in a way that serves the interests of Iraq and preserves its sovereignty. LINK
After al-Sadr’s call to dissolve Parliament, a legal expert draws a roadmap for constitutional procedures
3rd August, 2022
Legal expert Ali Al-Tamimi, 08/03/2022, clarified the roadmap for constitutional procedures to achieve the demands of the demonstrators.
Al-Tamimi told Al-Masala that declaring a state of emergency is the key and the beginning of solutions, and it is announced in accordance with Article 61 ninth of the Iraqi constitution, whereby the Al-Kazemi government is empowered with extended powers and subsequent constitutional procedures and is authorized to administer the elections after the parliament is dissolved.
He added: The second step for Parliament is to dissolve itself according to Article 64, first of the constitution, and to set the date for early elections after the Al-Kazemi government completes its constitutional procedures. He added that Al-Kazemi and the President of the Republic would issue an order to freeze the constitution and to form a temporary committee to issue a temporary constitutional document by which the country would be run before the elections.
He added that at the same time, he formed a specialized body of an appropriate number of specialists to write a new constitution for the country according to a new political system. And he indicated that early elections should be held in accordance with the interim constitutional document until a referendum is held on the new constitution, which should be temporary.
He resumed saying: If the political system is transformed into a presidential or semi-presidential, the status of the Kurdistan region will be regulated by a special law legislated according to the new constitution. He concluded his speech by saying that a specialized court must be formed and tried by a decision of the Supreme Judicial Council to try the corrupt and those who caused the fall of Mosul, with retroactive effect.
The leader of the Sadrist movement, Muqtada al-Sadr, had called for early elections after the dissolution of the current parliament, noting that the old faces would not have any presence during the supposed upcoming elections. LINK
Source: Dinar Recaps
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