“Yesterday was a Big Day” – Sat. AM-PM KTFA Thoughts, News w/ Frank26, MilitiaMan 8-27-22

0
308

KTFA

Samson » August 27th, 2022

Economist: Banks’ profits from the currency auction are enough to build a thousand schools per month

27th August, 2022

The economist, Diaa Mohsen, accused, on Saturday, the Central Bank of Iraq of colluding with private banks and influential political figures in the process of auctioning hard currency, noting that the profits of banks from the auction are sufficient to build a thousand schools. 

Mohsen said in a statement to “Information”, “The bulletin on the sale of currency at the Central Bank auction confirms the existence of collusion between the Central Bank and private banks, as well as influential political figures through the increase in the sale of currency, as it exceeded more than one billion dollars, which achieves imaginary profits as a result of the price difference between what is sold. the bank and its local price. 

He added that “the increase in the currency difference for what the bank sells to private banks has increased to (20) points, as if we calculate the profits of banks for one month’s sales, it will be more than one trillion dinars per month that goes to those banks and most of them belong to influential political figures,” noting that “most of the money is the result of an auction.” Currency has become the best way to smuggle currency.” 

Mohsen pointed out that “the profits earned by the banks per month are sufficient to build more than a thousand schools per month.”

According to media sources, the sales of the Central Bank of Iraq in the auction of selling hard currency for dollars during the past week amounted to nearly one billion and 300 million dollars.  LINK

Source: Dinar Recaps


Frank26 » August 27th, 2022

“FAMILY, WE SUGGESTED THE IMF GAVE THEM UNTIL JULY 31ST, THEN UNTIL THE END OF AUGUST TO RELEASE THE NEW EXCHANGE RATE WHICH WOULD HAPPEN THE MOMENT PARLIAMENT IS DISSOLVED GIVING TOTAL POWER TO KAZEMI”…….F26 

The Federal Court sets August 30 as the date for hearing the case for dissolving Parliament

25th August, 2022

The Federal Supreme Court has set 08/25/2022, the 30th of August, as the date to consider the case submitted to dissolve Parliament.

The Secretary-General of the Sadrist bloc had filed a lawsuit to dissolve the House of Representatives for its fifth session, and to oblige the President of the Republic to set a date for the legislative elections in accordance with the provisions of Article 64/second of the constitution.

This lawsuit is accompanied by several other lawsuits filed by people against the prime ministers, parliament and the republic, asking them to dissolve the parliament.

On August 23, 2022, Saleh Muhammad al-Iraqi, Minister of Sadr, directed the demonstrators in front of the Supreme Judicial Council to withdraw while keeping the tents.   LINK

“IN MY OPINION, IT LOOKS LIKE IT’S GOING TO BE THIS WAY”……F26

Al-Tamimi: The Federal Court Can Dissolve Parliament According To These Articles

13th August, 2022

Legal expert Ali Al-Tamimi confirmed, on Saturday, that exceeding the constitutional periods and the failure of constitutional institutions, including Parliament, allows the Federal Court to dissolve Parliament, indicating that the general principles contained in the civil law confirm that the legislative institution, when it fails to perform its role, the judiciary takes over dissolving it.

Al-Tamimi said in a statement to / the information /, that “the Federal Court can dissolve Parliament in accordance with Articles 47 and 59 of the Civil Code related to the failure of its constitutional role and exceeding the constitutional periods.”

He added that “the general principles contained in the civil law confirm that when the institution is unable to perform its role, the judiciary takes over dissolving it,” noting that “the Federal Court has a general and mandatory decision-making mandate, in accordance with Articles 92, 93 and 94 of the Iraqi constitution.”

Al-Tamimi expected that “the court will move to dissolve parliament, which has become a popular demand.”    LINK

“PARLIAMENT DISSOLVED… PM VOTE FOR KAZEMI NEXT”………..F26

Extension”: Dissolving Parliament without forming an interim government means that Al-Kazemi and Barham will remain

2022-08-13 19:55

A member of the Iraqi parliament for the “Extension” movement considered, on Saturday, dissolving the Iraqi parliament without going to the formation of an interim government and setting a date for early legislative elections in the country, which means keeping the current prime minister, Mustafa Al-Kazemi, and the President of the Republic, Barham Ahmed Salih.

Alaa Al-Rikabi said in a tweet to him on the social networking sites “Twitter“, “The parliament is now dissolved without the formation of a temporary rescue government for a year, for example, and it was formed of independent ministers, without setting a date for a new round of parliamentary elections, without changing the election law. What does it mean?”

He explained that “it means only the survival of Al-Kazemi and Dr. Barham, both of whom have expired terms, and the government’s survival, but without parliamentary oversight.”

The political scene in Iraq has undergone a dangerous turn since supporters of the Sadrist movement led by prominent Shiite cleric Muqtada al-Sadr stormed the parliament building in the fortified Green Zone in central Baghdad, and staged a sit-in in protest against Al-Sudani’s nomination for the position of head of the next federal government.

The Sadrist bloc had obtained the highest votes in the early legislative elections that took place in October of 2021, but the efforts of the leader of the current failed to form the new federal government due to the Shiite coordination framework standing in its way by obtaining a fatwa from the Federal Court with the so-called blocking third in a contract The session for electing the President of the Republic, which paves the way for naming the Prime Minister.

The three-way alliance between the Kurdistan Democratic Party led by Masoud Barzani, the Sovereignty Alliance headed by Khamis al-Khanjar, and the Sadrist movement led by Muqtada al-Sadr was broken following the resignation of the Sadrist bloc’s deputies, and the movement’s withdrawal from the political process by order of al-Sadr.

The political scene is in a crisis situation and a dead end unprecedented in the history of Iraq, as more than 300 days have passed since the early elections without being able to form a new government in the country, and the caretaker government headed by Mustafa Al-Kazemi remains.

On the tenth of last October, Iraq held early legislative elections to get out of a political crisis that swept the country after large demonstrations in the central and southern regions in 2019 in protest against the widespread unemployment in society, the spread of financial and administrative corruption in government departments and institutions, and the deteriorating reality The service and the livelihood, which prompted the former prime minister, Adel Abdul-Mahdi, to resign under popular pressure.

As soon as the preliminary results of the elections were announced, the voices of political forces and actors rose in their rejection of losing many seats, accusing them of major fraud in the ballot, which was denied by the executive and judicial authorities, at a time when the United Nations and international organizations praised the integrity of the electoral process.   LINK

“EDDIE… I KEEP TELLING YOU KAZEMI HAS A PLAN… RELAX, RELAX”…….F26

With the resignation of the Minister of Finance.. the dollar is falling in the Baghdad markets

16th August, 2022

The dollar exchange rates declined in Baghdad markets, on Tuesday, with the resignation of Finance Minister Muhammad Allawi.

Shafak News Agency correspondent said that the Central Kifah and Al-Harithiya Stock Exchange in Baghdad registered at 3:00 pm today, Tuesday, 148,200 Iraqi dinars, compared to 100 US dollars.

The price of the dollar this morning recorded 148,450 Iraqi dinars, compared to 100 dollars.

Our correspondent indicated that buying and selling prices decreased in banking shops in the local markets in Baghdad, where the selling price amounted to 148,750 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 147,750 Iraqi dinars per 100 US dollars.

This decline comes shortly after the Iraqi Finance Minister, Ali Allawi, submitted his resignation from his position during the session of the Council of Ministers held, while the Prime Minister agreed to it. LINK

(EDDIE… KAZEMI & THE CBI’S PLAN IS FOR THE USD TO FALL!!!)

“WS & I SHARED… IF NO MALIKI THEN WE WOULD HAVE A KAZEMI GOVERNMENT… KAZEMI CONTROLLED MALIKI… WE SHARED ER & MR WERE IN THE WHITE PAPERS…

WE SHARED THE EXCHANGE RATE OF THE MR WOULD BE GIVEN TO THE CITIZENS, BEHOLD!!!”…… F26

A government meeting to complete the project to modernize public financial management systems

25th August, 2022

Thursday, the Ministry of Finance held an expanded meeting to complete the project to modernize public financial management systems.

A statement by the ministry stated that Mawazine News received a copy of it, that “the Minister of Finance and Agency Ihsan Abdul-Jabbar chaired an expanded meeting to complete the stages of preparing the project to modernize the public financial management systems IFMIS, with the participation of members of the project’s steering committee and the head of the project management team PMT, and the AARC consultancy company for the ICC contract, in the presence of the Undersecretary of the Ministry and directors of the departments concerned with the implementation of the project.

The statement added, “During the meeting, reports related to the project’s work were reviewed in terms of studying the market and potential risks, as well as approving the outputs of the first phase of the project, in addition to discussing the strategic factors for the success of the IFMIS project (19??), and providing all means within efforts to complete it in a manner that ensures its safety from various potential strategic risks.

He pointed out that “the basis for implementing the digitization of financial management was discussed during the meeting, which includes implementing the first phase of the integrated financial management system, presenting new ways of working to be implemented through new tools and practices, in addition to integrating and simplifying public financial management processes, as well as enhancing planning, strategy and optimal use of financial resources.

According to the statement, Abdul-Jabbar stressed that “the application of the system will work to achieve a set of goals, the most important of which is financial discipline, reducing errors, achieving efficiency and effectiveness in the use of government resources, in addition to providing accurate and real-time data and information on all government financial information that helps provide services efficiently and effectively.” Pointing to raising the level of financial transparency, follow-up, control and financial accountability, as well as increasing the ability to properly plan government cash flows.

The statement continued, “The system is a means of linking all public government agencies and contains all the functions of public financial management from the financial and accounting operations that take place in all stages of preparing and implementing the budget, starting from the strategic planning stage and ending with the accounting stage and submitting final accounts.”

He pointed out that “the process of implementing the system comes within the framework of the adoption of the financial and economic reform project represented in the white paper, and with the aim of shifting towards integrated financial and accounting management that is consistent with internationally approved programs and systems.”  LINK

Samson » August 27th, 2022

Legal expects the federal response to the lawsuit to dissolve Parliament

27th August, 2022

Legal expert Ahmed Shahid Al-Shammari expected, on Saturday, that the Federal Supreme Court would issue a decision dismissing the case for dissolving the House of Representatives filed by the Sadrist movement. 

Al-Shammari said, “After all the constitutional and binding periods have been exhausted, and there is no text allowing the President of the Republic, the Prime Minister, or the Federal Court to dissolve the House of Representatives, except in implementation of Article 64 of the Constitution, which suspends the dissolution of the House of Representatives on a decision issued by the House itself with an absolute majority of the number of its members.”  

He added that “the Federal Court will reject any lawsuit demanding the dissolution of the Council because it is not within its jurisdiction according to the constitution.” 

He pointed out that “there is no point in repeating the elections without addressing the amendment of the constitutional text contained in Article (64 / first) that the dissolution of the House of Representatives be by a decision of the Council of Ministers and with the approval of the President of the Republic, provided that it is not during the period of questioning the Prime Minister, thus achieving a balance between the legislative and executive powers.”

The Federal Court has set August 30 as the date for a session to consider the lawsuit submitted to dissolve Parliament by the prosecutor Nassar Zughayer Al-Rubaie, Secretary-General of the Sadrist bloc, in addition to his job to August 30.  LINK

Source: Dinar Recaps


A government meeting to complete the project to modernize public financial management systems

25th August, 2022

Thursday, the Ministry of Finance held an expanded meeting to complete the project to modernize public financial management systems.

A statement by the ministry stated that Mawazine News received a copy of it, that “the Minister of Finance and Agency Ihsan Abdul-Jabbar chaired an expanded meeting to complete the stages of preparing the project to modernize the public financial management systems IFMIS, with the participation of members of the project’s steering committee and the head of the project management team PMT, and the AARC consultancy company for the ICC contract, in the presence of the Undersecretary of the Ministry and directors of the departments concerned with the implementation of the project.

The statement added, “During the meeting, reports related to the project’s work were reviewed in terms of studying the market and potential risks, as well as approving the outputs of the first phase of the project, in addition to discussing the strategic factors for the success of the IFMIS project (19??), and providing all means within efforts to complete it in a manner that ensures its safety from various potential strategic risks.

He pointed out that “the basis for implementing the digitization of financial management was discussed during the meeting, which includes implementing the first phase of the integrated financial management system, presenting new ways of working to be implemented through new tools and practices, in addition to integrating and simplifying public financial management processes, as well as enhancing planning, strategy and optimal use of financial resources.

According to the statement, Abdul-Jabbar stressed that “the application of the system will work to achieve a set of goals, the most important of which is financial discipline, reducing errors, achieving efficiency and effectiveness in the use of government resources, in addition to providing accurate and real-time data and information on all government financial information that helps provide services efficiently and effectively.” Pointing to raising the level of financial transparency, follow-up, control and financial accountability, as well as increasing the ability to properly plan government cash flows.

The statement continued, “The system is a means of linking all public government agencies and contains all the functions of public financial management from the financial and accounting operations that take place in all stages of preparing and implementing the budget, starting from the strategic planning stage and ending with the accounting stage and submitting final accounts.”

He pointed out that “the process of implementing the system comes within the framework of the adoption of the financial and economic reform project represented in the white paper, and with the aim of shifting towards integrated financial and accounting management that is consistent with internationally approved programs and systems.” 

~~~~~~~~~~

MilitiaMan » August 27th, 2022

Yesterday was a big day, as is today. Many things are in the works for reform for Iraq both economicly and financially. Despite the picture of instability and lack of security “”, things may not be as bad for our investment as one may think..

In the above piece it tells us that the process of implementation of financial and economic reforms comes within the frame work and is adopted by the reform project and it is being integrated with financial and managerial accounting that is consistent with international programs and systems, in real time.

The digitization of the process and it’s systems are under way. It is about transparency and efficiency. They have it all and it is underway.. imo ~MM

~~~~~~~~~~

Al-Kazemi’s advisor: The emergency support law has entered into force

25th August, 2022

The Financial Adviser to the Prime Minister, Mazhar Muhammad Salih, confirmed, 08/25/2022, the entry into force of the Emergency Support Law for Food Security and Development.

Saleh told Al-Masala that the Emergency Support Law for Food Security and Development No. 2 of 2022 has now entered into force, especially after the financial instructions accompanying the same law were issued.

He added that work will continue to apply the law until the completion of the distribution of its allocations to the exchange sections stipulated by the law and which are detailed by the financial instructions.

He pointed out that the central control bodies referred to in Article 14 of the Emergency Food Security Law are in charge of exercising their supervisory and legal functions in the best way, in addition to the central role in implementation and follow-up undertaken by the Ministries of Finance and Planning to ensure the accuracy of the law’s application.  LINK

##############

Al-Kazemi’s advisor identifies the supervisory bodies supervising the emergency support law 

25th August, 2022

Thursday, the Financial Adviser to the Prime Minister, Mazhar Muhammad Salih, confirmed the entry into force of the Emergency Support Law for Food Security and Development, while specifying the supervisory authorities that supervise its implementation.

Saleh said, “The Emergency Support Law for Food Security and Development No. 2 of 2022 has now entered into force, especially after the financial instructions accompanying the same law were issued.”

He added, “The work will continue to apply the law until the completion of the distribution of its allocations to the exchange sections stipulated by the law and which are detailed by the financial instructions.”

He pointed out that “the central control agencies referred to in Article 14 of the Emergency Food Security Law are responsible for exercising their supervisory and legal functions in the best way, in addition to the central role in implementation and follow-up, which is assumed by the ministries of finance and planning to ensure the accuracy of the law’s application.” LINK

——————————————

The same day we see Salih confirms the EFSL financial instructions were issued. They are introduced into FORCE.. They will continue to be until there is completion of distribution. Let the sink in. They are to keep working until completion of distribution through the Ministries of Planning and Finance is complete and will have follow up subsequently thereafter. Imo ~ MM 

Legal expert: Recent events open the door to international intervention in Iraqi affairs

25th August, 2022

The legal expert, Ali Al-Tamimi, confirmed that the recent events open the door to the intervention of the United Nations in the internal affairs, pointing to the importance of holding an emergency session of Parliament in order to correct the situation.

Al-Tamimi told Al-Maalouma, “The recent events will be a justification for the intervention of the United Nations and the issuance of a Security Council resolution in accordance with Articles 39, 24 and 34 of the UN Charter, because the disruption of constitutional institutions gives the Security Council a justification for intervention in countries, as they are considered countries where a breach of peace and security has occurred. internationals”.

He added, “Parliament must hold an emergency session in accordance with Article 58 of the Constitution at the invitation of the Speaker, or at the request of 50 deputies, or at the invitation of the President of the Republic, as it is an issue related to security.”

And he indicated that “the council, in the event of its convening, takes the steps by which it dissolves itself after a certain period and grants the government the emergency power stipulated in the constitution until early elections are held without condition or restriction because the country is going through a dangerous turning point and allows unwanted international interference.” LINK

Again on the same news day there is the mention of international intervention in Iraq’s affairs. The UN Charter can intervene in the political process under emergency circumstances. The make that known and quite clear about it.  Under the present conditions there appears to be support now for the intervention to facilitate the dissolution. Question is, does the UN Intervene prior to or at the same time as the Judiciary is scheduled to meet on the 08/30/2022 time line. We shall see and keep that thought.. ~ MM

——————————————————————

Basem Khashan talks about “massive thefts” linked to the Central Bank of Iraq

25th August, 2022

On Thursday, independent deputy Bassem Khashan spoke of massive thefts linked to the Central Bank of Iraq.

In a Facebook post seen by / the information /, Khashan said that “despite the multiplicity of fronts, and despite the fierceness of the confrontations, my war on corruption is still continuing, and has even expanded.”

He added, “I received serious information and documents about massive thefts linked to the Central Bank of Iraq.”

He continued, “All the sticks of the opponents and some of the swaying comrades were broken, and our wheels did not stop! We have a real reform project for which we have done a lot, and we will not be satisfied with anything less than achieving it.” LINK

—————————————————————–

Here we have this guy talking about massive thefts linked to the CBI.. He goes on to say that his group will not be satisfied with anything less than achievement of reforms.. Then look below… They toppled those behind the currency auctions days prior. Lets not forget the the FM left town and publicly stated he was threatened and blackmailed to stay quiet. All of this seems to be and fit insecurity and instability.. But, is it? Recall prior to this big fish being caught, there were hundreds of small bait fish prior to this.. Lots of money has been clawed back in the process. Hundreds and Hundreds of billions of Dinar and USDs..  ~ MM

——————————————————————-

After scandals escalated, the Central Bank topples a company that mediated in the currency auction

2022-08-21

Yes Iraq: Baghdad

On Sunday, the Central Bank of Iraq announced the withdrawal of the license of a mediation company for the sale and purchase of foreign currencies for violating the instructions and confiscating its 50 million dinars insurance, at a time when leaks and scandals increased about the currency auction.

In a statement, the bank said that “in view of the violation of the (Al Habib) company to mediate for the sale and purchase of foreign currencies, the provisions of the instructions regulating the work of mediation companies and the purchase of foreign currencies, it was decided to withdraw the company’s license.”

He added, “It was also decided to confiscate its insurance deposited with the bank amounting to 50 million dinars in favor of this bank,” calling on the Ministry of Commerce to “cancel the certificate of incorporation granted to the company in addition to writing off the company’s name from the records and providing the Central Bank with the certified liquidation letter.”

The latest revelations about scandals in the currency sale auction, was what was revealed by specialized authorities that the banks of the clutch, Al-Ansari and the Middle East, affiliated with businessman Ali Ghulam, were granted about $2.5 billion during a period of 50 days preceding the date of the exchange rate change, amounts equivalent to 30% of the sales of the Central Bank. During that period.

—————————————————————-

Now to the EFSL and 50 days. The EFSL was published in the Gazette on 07/06/2022. That was 50 days yesterday. 50 days was mentioned prior to the exchange rate change.. The entitiees were toppled because of that.. Last banking day of the week. Take not the article about the modernizing of the public financial management systems..  The Emergency Food Security Law same day is put into force with full details and instructions for implementation through completion of distribution to the Planning and Financial Ministries.  Security? Stability? hmm KW RVd or RId in massive turmoil.. Wee shall see.. imo ~ MM

DallasDude » August 27th, 2022

I agree with MM’s statement about Kuwait’s RI – the New York Times wrote an article just after the rate change that people were exchanging in banks with no electricity – the country was in shambles.  This big mess of parliament, people in sit-ins, etc – is a perfect time for the CBI to publish a new rate – IMO of course

~~~~~~~~~~

Legal expert: Recent events open the door to international intervention in Iraqi affairs  LINK

MilitiaMan » August 27th, 2022

Whether we like the UN or not, they bring arrows in their quiver to the table. Because of what you say above has some relevance,  it is not however, taking into consideration that the corruption that is so rampant and that there has been unprecedented threats against not just the judiciary, but the finance minister and political side of the circumstances.

Sadr’s right hand man was assassinated if I recall correctly.  Al-Alawi was threatened with his life and with black mail in teh mix, politicians wanting to speak out are asking for protection to do so, as speaking out  can be a death sentence for anyone in doing so.

Do to the “” emergency the UN describes may from the legitimacy given by UN  whether we like it or not, can be wielded now under such circumstances as to be the bad guy… It wasn’t us that dissolved the parliament it was them.. There is data out lately to support that if they don’t have things sorted accordingly in short order they can impose Chapter VII tutelage.. 

That my friends would not be in our favor. imo.. So, lets not shoot them in the foot and think they are not relevant.. imo They are. If they do intervene under the articles above, then, all those that have been threatened can possibly sleep a little better knowing they were not the ones that dissolved them selves. The UN will have that on their hands again, whereby if by issuing a Security Council resolution becomes the action taken. We shall see if the previous dissolution proves this is all just a dog and pony show or not.

Btw.. The EFSL became law in middle of JULY  – ish 2022.. That CBI 50 day mention about exchange rate change noted in the article yesterday has relevance to auctions and to timing. The breach of the acutions within the 50 days of an exchange rate change was acted on and we see the results of that in the article.

Alawi was given the green light we recall, hence, once he was threatened he had to protect himself. That guy in the article has lost many things from his corruption.. The clock is ticking.. IMO.. ~ MM

Source: Dinar Recaps

______________________________________________________

If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
______________________________________________________

All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.

Copyright © 2022 Dinar Chronicles

LEAVE A REPLY

Please enter your comment!
Please enter your name here