[size=30]MilitiaMan and KTFA Members articles with links, comments Sunday Night 3-29-2020[/size]
KTFA: Samson: Sulaymaniyah takes measures for banks before proceeding to pay employee salaries
28th March, 2020
Health authorities in the Sulaymaniyah governorate launched a campaign to sterilize banks, on Saturday, in preparation for distributing the salaries of employees.
A spokesman for the Sulaymaniyah Health Department, Yad Naqshbandi, told Shafaq News, "The Provincial Health Department will begin today to sterilize and purify the banks in Sulaymaniyah in preparation for the distribution of employee salaries."
The Iraqi government, the first of Thursday, sent the sums for the salaries of the employees of the Kurdistan Region, and the director of the Iraqi Central Bank branch in Erbil, Abed Saleh, told Shafaq News that the Iraqi government had sent 453 billion dinars to the branch. LINK
MilitiaMan: To Note: "Sterilization is a form of monetary action in which a central bank seeks to limit the effect of inflows and outflows of capital on the money supply. Sterilization most frequently involves the purchase or sale of financial assets by a central bank, and is designed to offset the effect of foreign exchange intervention." May 23, 2019
MilitiaMan: Now lets think about this.. Didn't we just recently see they were talking about "DOLLAR BONDs" in respect to payments to citizens. Iraq issuing bonds that are denominated in dollars? Foreign issues backed by USD are used by many foreign countries like China does for an instance. BONDS are effectively liquid cash, the are traded on secondary markets.. They carry time / interest rate /exchange rate parameters.
So under the guise of the Corona pandemic and low oil prices, it appears they can now strategically and safely sterilize their money and asset supply chains with security and stability all under an imposed curfew, and with recent resurgent USA presence in Iraq bases with an order our Pentagon to go ahead with the planning to escalate if need be to any Iranian threat.. "" ... lol imo ~ MM
"The report noted that during the Oval Office meeting on March 19, Trump did not make a decision on whether to authorize the new campaign in Iraq, but it allowed planning to continue, according to US officials." LINK
MilitiaMan: Why is that important, it may not be. But, if there is a need from Iraq by us during a transitional phase, the USA will be and or is already prepared. Having a transition from corrupt influences within the GOI that are effectively having their money supply chain yanked, things can get awry quite quickly.. The USA openly has those that are against the new GOI and the demonstrators demands on notice. On the demands of the citizens, 1) being that they want the corrupt to pay for the crimes against humanity during the demonstrations in recent past, 2) they want purchasing power. Not to increase the supply of money. They want the opposite. Therefore this example is not what they are going to do. As it would be counter to the Central Bank Law. ~ MM
Saleh added, "There is a team working with the Ministerial Council to restructure state expenditures," noting that "the issue of printing the currency is merely a personal opinion and a proposal that is not consistent with the Central Bank Law." LINK
MilitiaMan: Then we see this one where they state it again. ~ MM
Parliamentary Finance: The government cannot exchange any dinars against Corona
Committee member Ahmed Hama said in a statement to "Information" that "Law 12/1 (Financial Management) does not give the government the authority to spend any dinars except for employee salaries," noting that "the government cannot spend any money as an emergency payment in the face of Corona." LINK
MilitiaMan: So they can't spend any money for the Corona virus, as they haven't imo raised the value of their currency yet. They haven't showed the 2020 budget yet, why? Because they have to raise the value of the currency first. They are now backed into a corner. imo. Not only militarily, economically, neighborly (SA), but, now also by a pandemic. The Central Bank Law is in place to reduce the corruption. The only money allowed now since they have not raised the rate yet, is 1/12th of the last 2019 budget allocations. Thereby, putting the blame on the past and partially present GOI.
The 2019 Financial Management Law Amendment is needed to be activated to alleviate that. For what ever reason they have had in the past to not do it, has now been neutered, imo.. Try and tell the citizens we cannot help you with the Corona virus because we are not re instating our currency to international standards? More innocent lives lost because of your corruption and greed GOI? That will not be going over well.
In fact there may be proof that they are now be telling us, like Alak at the CBI has in recent past, that they are not going to devalue their currency. No, they are actually telling us they are going to increase the value by what they are doing at this point. The pressure is immense noted by the above and below. ~ MM
He explained that "Baghdad will have to implement massive austerity measures, raid its foreign currency reserves and try to borrow money to bypass this new crisis," warning that "this could lead to a new wave of protests that may be greater than previous protests." LINK
MilitiaMan: Now what is there that suggests they are working to re instate? They are openly telling us the negative side of things and with the consequences of them legal or not, thereby, not telling us the positive side of things, until now is very telling. It shows just how complex this process has been in getting data out that is educational with out point blank telling everyone what they are doing, they do so, in a hidden way if you will, imo. By telling us what harmful things they are not going to do, tells us the opposite would be more likely what they are or will do. They now are telling us since they cannot borrower money, they cannot print more money but they can go into the secondary market to get money? How is that when they are not on or in the secondary markets with the IQD yet..? ~ MM
Parliamentary Economy: Resorting to the central reserve will not affect the exchange rate of the dinar
- The Central Bank Law does not allow it to lend to the government, whether by printing currency or any other way, direct or indirect, and (read but, imo) it is entitled to deduct treasury transfers, if they are present in the secondary trading market, as it is one of the tools of monetary policy, if it deems it based on data Substantive objective serving the objectives of monetary policy. LINK
Note: "As a medium of exchange, it trades only within the nation of Iraq, which makes it a “soft currency”. Unlike “hard currencies”, like the US dollar or the euro, the Iraqi dinar is not used to settle claims on international markets. This can make the international Iraqi dinar exchange rate uncertain."
MilitiaMan: The above suggests they now are ready to go into the secondary markets. And to do so they have to be a hard currency.. Not a soft one. Hard currencies are international currencies with an internationally acceptable exchange rate.. The ISX is under curfew? Why, when they can trade electronically or can they? I'll bet the inter connectivity to the NSDAQ has something to do with it.. They are a secondary market platform, are they not? Starting to get clearer? I sure hope so!! It is sure is a beacon of light, imo.. ~ MM
"The secondary market, also called the aftermarket and follow on public offering is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold."
https://www.nasdaq.com/solutions/private-fund-solutions
Don961: Trump declares the District of Columbia, which includes Washington, DC a disaster area
Arab and international 03/30/2020 00:18 264
Baghdad today - follow up
US President Donald Trump declared the District of Columbia, which includes Washington, DC, a disaster area, against the backdrop of the spread of the Coruna virus.
Trump had issued earlier today two decrees declaring Connecticut and Oregon two major disaster areas due to the outbreak of the Corona virus.
He also gave instructions to provide federal budget aid to all affected areas in the two states, according to two White House statements. LINK
************
7-FA: How the Poor Live
One day, the father of a very wealthy family took his son on a trip to the country with the firm purpose of showing his son how poor people live. They spent a couple of days and nights on the farm of what would be considered a very poor family. On their return from their trip, the father asked his son, "How was the trip?"
"It was great, Dad."
"Did you see how poor people live?" the father asked.
"Oh yeah," said the son.
"So, tell me, what did you learn from the trip?" asked the father.
The son answered, "I saw that we have one dog and they had four. We have a pool that reaches to the middle of our garden, and they have a creek that has no end. We have imported lanterns in our garden, and they have the stars at night. Our patio reaches to the front yard, and they have the whole horizon. We have a small piece of land to live on, and they have fields that go beyond our sight. We have servants who serve us, but they serve others. We buy our food, but they grow theirs. We have walls around our property to protect us; they have friends to protect them."
The boy's father was speechless.
Then his son added, "Thanks, Dad, for showing me how poor we are."
Today at 9:38 am by Rocky
» A leader in the National Bank: We are committed to the federal decision and to postpone the election
Today at 9:28 am by Rocky
» Al-Hakim: Iraq's future cannot be mortgaged to volatile oil prices
Today at 9:24 am by Rocky
» The conflict of the corridors: the path to development from a historical perspective and the door to
Today at 9:22 am by Rocky
» The Kurdistan Region demands that the federal government spend 1.1 billion dinars.. What is the reas
Today at 9:21 am by Rocky
» Tomorrow, Iraq is preparing to launch a complementary round of gas licensing
Today at 9:19 am by Rocky
» A government move to restore the funds of the Trade Bank of Iraq
Today at 9:17 am by Rocky
» The Central Bank informs France of plans to restructure the banking sector
Today at 9:15 am by Rocky
» A government advisor reveals the fate of the budget tables
Today at 9:13 am by Rocky
» Iranian mediation between Baghdad and Erbil... Revealing the most prominent files of Raisi’s visit t
Today at 9:10 am by Rocky
» Reconstruction and development is a priority.. A parliamentary committee follows up and monitors gov
Today at 9:08 am by Rocky
» Al-Hakim comments on the agreements concluded with Türkiye and confirms: Iraq is on the right path
Today at 9:06 am by Rocky
» Tomorrow... Iraq takes a step that will give it gas equivalent to 200% of imported Iranian gas
Today at 9:04 am by Rocky
» A long and disturbing message.. The Iraqi government “blames” the United Nations because of “other p
Today at 9:00 am by Rocky
» The Governor of the Central Bank and the French Ambassador discuss developments in the banking secto
Today at 5:18 am by Rocky
» Al-Bajari: Iraqi companies will have a great opportunity to work after opening the door to investmen
Today at 5:16 am by Rocky
» Transparency: Imports from Sulaymaniyah and Halabja during the past week amounted to more than 10 bi
Today at 5:13 am by Rocky
» Al-Sudani: The delayed projects left great damage to the level of services in Babylon
Today at 5:12 am by Rocky
» Economist: The fluctuation of the dollar is “the balance of speculators”
Today at 5:10 am by Rocky
» {Al-Furat News} publishes the text of Al-Sudani’s request to Guterres to end UNAMI’s work in Iraq
Today at 5:08 am by Rocky
» A former MP accuses Türkiye of transferring its conflict with the workers to Iraq
Today at 5:05 am by Rocky
» A call to the Sudanese to remove American forces from Iraq
Today at 5:03 am by Rocky
» Oil Parliament: Ankara holds Erbil responsible for the oil fines it owes
Today at 5:02 am by Rocky
» The government is silent...the reality of removing American forces from Iraq
Today at 5:01 am by Rocky
» The radiation protection law in the first session of the next legislative term
Today at 5:00 am by Rocky
» A Spanish company raises controversy and a representative reveals a parliamentary movement against i
Today at 4:59 am by Rocky
» Sudanese officially requests the end of the United Nations mission in Iraq / documents
Today at 4:58 am by Rocky
» Because its sessions were not held, the Kirkuk Council faces a judicial complaint, and its members d
Today at 4:56 am by Rocky
» Former US Chief of Staff: We slaughtered huge numbers of innocent people in Iraq and other countries
Today at 4:55 am by Rocky
» The Association of Private Banks counts the percentage of shares traded on the stock market during a
Today at 4:53 am by Rocky
» The European Union and Iraq agree to increase cooperation between them
Today at 4:52 am by Rocky
» American Bank: Expectations to increase Iraq’s oil capacity in 2025
Today at 4:50 am by Rocky
» Central Bank Governor to the French Ambassador: The plan to restructure government banks will change
Today at 4:48 am by Rocky
» Integrity confirms working to conclude a memorandum of understanding with the Kuwaiti Anti-Corruptio
Today at 4:47 am by Rocky
» Highlights of the Prime Minister's visit to Babylon
Today at 4:46 am by Rocky
» The Minister of Transport discusses with a Turkish delegation the latest developments in the develop
Today at 4:44 am by Rocky
» Free of charge.. Issuing approximately 13 thousand unified cards for those covered by social protect
Today at 4:42 am by Rocky
» A parliamentary committee advises the government to deter trespassers: Slums are one of the reasons
Today at 4:41 am by Rocky
» Embassy Protection confirms to “Baghdad Today”: The missions are safe and we have taken proactive me
Today at 4:38 am by Rocky
» Water resources resolve the controversy of the “Wadi Al-Tea” project.. It will nourish the Hamrin ic
Today at 4:37 am by Rocky
» After approving the National Security Strategy...a parliamentary movement to host “responsible” figu
Today at 4:36 am by Rocky
» Al-Hakim calls for the distribution of plots of land to the families of the martyrs of the Popular M
Today at 4:34 am by Rocky
» Order 160 Committee completes the “port scandals” papers... and searches for a legal outlet for impl
Today at 4:33 am by Rocky
» It revealed the details of its contract with four companies to complete the census requirements... P
Today at 4:31 am by Rocky
» Egypt, Morocco and Qatar praise the Iraqi Integrity proposal to establish the Arab Law Enforcement C
Today at 4:30 am by Rocky
» The Iraqi Parliament enters its legislative recess and requires holding an “extraordinary” session o
Today at 4:28 am by Rocky
» The Sudanese has not rested since the morning.. He carried out 12 activities and allocated a trillio
Today at 4:27 am by Rocky
» Blinken's agent: Erbil is a strategic ally of Washington in a 360-degree relationship
Today at 4:25 am by Rocky
» Oil seeks to convert refinery products to “Euro 5”... high quality and environmentally friendly
Today at 4:24 am by Rocky
» A leader in the framework: There is no need for early elections...the “legislative” elections will t
Today at 4:23 am by Rocky
» Parliament decides to extend its legislative term by 30 days
Today at 4:22 am by Rocky
» Iraq has the tenth worst economic growth in the world during the last 5 years
Today at 4:19 am by Rocky
» Al-Hakim: The future cannot be mortgaged to volatile oil prices
Today at 4:17 am by Rocky
» It will change the reality of Iraqi banks.. Al-Alaq reveals a plan that enjoys Sudanese support
Today at 4:15 am by Rocky
» MM&C 5/9/24 The Federation of Chambers of Commerce and the European Union discuss cooperation to fin
Yesterday at 9:27 am by Rocky
» MM&C 5/9/24 Customs, security and economic aspects
Yesterday at 9:24 am by Rocky
» Union of Arab Banks: Iraq's environment encourages investment
Yesterday at 6:57 am by Rocky
» Government advisor: Movement to recover bad debts for the benefit of the Iraqi Trade Bank
Yesterday at 6:55 am by Rocky
» The International Development Bank announces the opening of its new branch in Erbil
Yesterday at 6:52 am by Rocky
» Oil seeks to convert refinery products to “Euro 5”... high quality and environmentally friendly
Yesterday at 6:50 am by Rocky
» Budget delay: the cry for help for paralyzed services and disrupted dreams
Yesterday at 6:47 am by Rocky
» Oil: Completion of projects to improve the quality of petroleum products, and others are under imple
Yesterday at 6:44 am by Rocky
» Chairman of the Securities Commission: 3 million shares, average daily trading volume
Yesterday at 6:43 am by Rocky
» Tamim calls on the countries participating in the meetings of the Arab Administrative Development Or
Yesterday at 6:41 am by Rocky
» Parliamentary Endowments: 39 thousand pilgrims, Iraq’s share, and waiving the religious obligation i
Yesterday at 6:39 am by Rocky
» Washington refers to Iraqi legislation that “does not harm” his international presence, and Baghdad
Yesterday at 6:34 am by Rocky
» Deputy: Extending the legislative term depends on sending the budget schedules
Yesterday at 6:30 am by Rocky
» Parliamentary Legal: 88 draft laws on the parliamentary shelf
Yesterday at 6:29 am by Rocky
» The head of the movement denies any Iraqi-American negotiations to remove the coalition
Yesterday at 5:23 am by Rocky
» A deputy expects to resolve the issue of electing the Speaker of Parliament next week
Yesterday at 5:22 am by Rocky
» Obtaining the approval of the Minister of Electricity to fill the energy shortage in Dhi Qar
Yesterday at 5:21 am by Rocky
» Economist on the decline in dollar prices: My time and it will not reach its official price
Yesterday at 5:20 am by Rocky
» The Iraqi Ministerial Council for National Security approves the 2024-2028 strategy
Yesterday at 5:18 am by Rocky
» Mulla Bakhtiar: Nechirvan Barzani's visit to Iran melted the ice between Erbil and Tehran
Yesterday at 5:17 am by Rocky
» Password "78"... Why did the Sudanese government's interrogations and noisy sessions decline?
Yesterday at 5:16 am by Rocky
» JP Morgan forecasts an increase in the oil capacity of Iraq and other countries in 2025
Yesterday at 5:15 am by Rocky
» Turkish Minister of Transport: The development road will cost $20 billion
Yesterday at 5:13 am by Rocky
» The Supreme Committee for Reconstruction and Investment approves a package of strategic projects
Yesterday at 5:12 am by Rocky
» Work: Preparing a unified national strategy to create job opportunities for youth
Yesterday at 5:11 am by Rocky
» The Prime Minister's financial advisor reduces the risks of the budget deficit
Yesterday at 5:10 am by Rocky
» Sudanese announces the signing of an agreement with Japan to finance small and medium enterprises in
Yesterday at 5:09 am by Rocky
» Government Advisor: The Securities Commission represents the governance base for promoting financial
Yesterday at 5:08 am by Rocky
» A unified national strategy to create job opportunities for youth
Yesterday at 5:07 am by Rocky
» A one-week deadline to decide the position of Speaker of Parliament
Yesterday at 5:06 am by Rocky
» Parliament: We coordinate with the competent regulatory authorities to examine medicines
Yesterday at 5:04 am by Rocky
» The Commission suspends the Kurdistan Parliament's voting procedures
Yesterday at 5:03 am by Rocky
» $100 million to localize the pharmaceutical industry
Yesterday at 5:01 am by Rocky
» Increase in external remittances at the Central Bank
Yesterday at 5:00 am by Rocky
» A government advisor reduces the risks of a budget deficit
Yesterday at 4:54 am by Rocky
» Culture: We seek to invest in the stability of the country to advance the tourism sector
Yesterday at 4:53 am by Rocky
» Integrity announces the results of a questionnaire on bribery in real estate registration department
Yesterday at 4:50 am by Rocky
» Parliament comments on Sudanese plan to restructure the government apparatus: It needs radical refor
Yesterday at 4:49 am by Rocky
» The dollar rises again against the Iraqi dinar in Baghdad
Yesterday at 4:45 am by Rocky
» Politician: The government does not deal transparently with the issue of expelling the Americans
Yesterday at 4:43 am by Rocky
» A government bank participating in an accounting project
Yesterday at 4:42 am by Rocky
» Masrour Barzani: The Kurdistan Regional Government has implemented all its obligations and duties
Yesterday at 4:41 am by Rocky
» French Consul: France strengthens relations with the Kurdistan Region
Yesterday at 4:39 am by Rocky
» Studies Center: Sudanese faces the challenges of maintaining sustainable relations with the United S
Yesterday at 4:38 am by Rocky
» “The absence of democracy is not possible.” The federal government remains silent on the postponemen
Yesterday at 4:37 am by Rocky