[size=30]MilitiaMan and KTFA Members Tuesday PM 6-15-2021[/size]
KTFA:MrDon: WOW...this is great. The folks are told to use the DINAR...not the dollar. This last paragraph says it all..." "...accompanied by monetary policies that preserve the value of the currency vis-à-vis other international currencies." "Vis-a-vis" is defined as "when compared to" . THIS is done on FOREX, where two currencies are paired one as the "base", the other as the "quote". International trading! Period. Awesome! IMO, of course.
Don961: A national campaign to support the Iraqi dinar
Tuesday 15 June 2021 Baghdad: morning
While a group of unions and federations in Iraq announced the launch of a national campaign to support the national currency and the economy and increase the citizen's confidence in the Iraqi dinar, the opinions of specialists came in support of this approach, which was described as important, but they stressed the importance of it being accompanied by a monetary policy that maintains the stability of the exchange rate.
This group said in a joint press statement, "A group of unions and federations announces the launch of a national campaign under the auspices of the Central Bank of Iraq to raise awareness to support the national currency and the Iraqi economy," noting that "this campaign includes the Federation of Chambers of Commerce, the Association of Iraqi Private Banks, the Physicians' Syndicate, the Pharmacists Syndicate and the Engineers Syndicate." and the Dental Association, who represent a large segment of Iraqi society.
The Executive Director of the Association of Iraqi Banks, Ali Tariq Bin, said in an interview with “Al-Sabah”: “The aim of this procedure, which was adopted by several important professional institutions, comes to make transactions carried out in Iraqi dinars, and here we mean that all transactions in the markets are in the national currency, and this enhances confidence among the citizen.” And the currency, and the citizen who needs the dollar has to go to the official outlets to get it at the official price, and thus it is possible to reduce speculation in this aspect.”
The statement also stressed that the campaign "aims to shed light on the importance of dealing with the national currency and increasing the citizen's confidence in it, for the contribution of all sectors to maintaining the exchange rate and keeping inflation at high rates. low".
He pointed out that the campaign "also includes a focus on the fact that the owners of retail and services stores do not force citizens to sell their goods in dollars, but in the national currency "the Iraqi dinar", explaining that "the owners of shops get the dollar from the currency sale window at the official price, and they force the citizens to buy the dollar." From the parallel market leads to a rise in its price, which affects the entire joints of the economy.”
Economic expert Salah al-Shami explained to "Al-Sabah" that "the completion of all transactions in the local markets in the national currency is very important, to be accompanied by monetary policies that preserve the value of the currency vis-à-vis other international currencies." LINK
**********
MilitiaMan: If we look at what they are stressing. It will show they now have a need to be on the same page. It is now about getting off the dollar. Not allowing the Dollar to be used.
They even tell us recently that they need to use the national currency.. The DINAR.
Take note today that the Kurds have a deal that is retro active. That deal is very timely.. Kahdimi wouldn't agree until he was ready for the when, hence the talk of suing yesterday seems to have stimulated things along.. lol ..
That my friends deal is coming out and quickly, imo.. I can't imagine the Kurds being quiet about it anymore.. There is a deal and deals in digital currency can move fast.. imo..
We are in a very good place. ~ MM
https://shafaq.com/en/Kurdistan/Erbil-and-Baghdad-reach-an-agreement-on-the-Region-s-share-of-the-federal-budget
MilitiaMan: This is one we all knew was to come and it has. Based on the "Law Suit" we talked about last night on the CC, how quickly it got resolved!! ~ Petra ~ MM ~ BB
https://shafaq.com/en/Kurdistan/Erbil-and-Baghdad-reach-an-agreement-on-the-Region-s-share-of-the-federal-budget
Kurdistanerbil
Shafaq News/ Kurdistan’s Prime Minister, Masrour Barzani announced, on Tuesday, that an agreement had been reached with Baghdad on the Region's share of the federal budget.
“I spoke with PM Mustafa Al-Kadhimi today as part of our ongoing talks and shared commitment to bring certainty to the Erbil-Baghdad relationship...I thanked him for his leadership, and the federal cabinet for its support for this important milestone. We overcame this difficult, long-standing obstacle together.” Barzani said on Twitter.
Don961: Barzani announces the agreement with Al-Kazemi to send the region’s dues from the budget retroactively
2021.06.15 - 20:58 Baghdad - people
The President of the Kurdistan Regional Government, Masrour Barzani, announced, on
Tuesday, that an agreement had been reached with the federal government, according
to which the dues from the federal budget will be sent back to the region, with a retroactive
effect, starting from January 2021.
Barzani stated in a blog post, seen by "Nass" (June 15, 2021), that "I spoke with Federal Prime Minister
Mustafa Al-Kazemi within the framework of the ongoing negotiations and the commitment to make
the relationship between Erbil and Baghdad clearer."
"I am pleased to announce that an agreement has been reached according to which the dues from the
federal budget will be sent back to the Kurdistan Region, with a retroactive effect, starting from
January 2021," Barzani stressed.
According to the post, Barzani stated that "during our phone call, I thanked him for his leadership,
and I thanked the federal government for its support for this important turning point, through which we
together overcame this difficult and long-standing obstacle." LINK
************
Samson: A deputy reveals the size of Iraq's debts
14th June, 2021
A member of the Parliamentary Finance Committee revealed the size of Iraq's total internal and external debts.
Abdul Hadi Mohan, a member of the Parliamentary Finance Committee, said that “there are external and internal debts, and other debts in the time of the former regime, and all of them are sovereign binding on the Iraqi government, especially Kuwait,” noting that “debts began to increase since 2014 after the financial crisis that Iraq suffered, after Entering ISIS.
Mohan added, in a statement to one of the local newspapers, that "the total debt exceeded 100 billion dollars," noting that "Iraq pays, according to the country's financial budget, about 14 trillion dinars annually to the borrowing countries."
He added that “the House of Representatives is looking to stop all foreign debts and not to proceed with borrowing, because this situation is decimating the Iraqi economy,” expecting that “the government will not resort to borrowing this period, given that international oil prices have begun to improve and are constantly rising, which may reduce the existing financial deficit.” LINK
Today at 6:53 am by Rocky
» MM&C The Iraqi Private Banks Association told NEWS: These are the results of the Prime Minister’s me
Today at 6:52 am by Rocky
» After a break of more than 9 years.. the resumption of a government trade meeting between Iraq and A
Today at 6:51 am by Rocky
» Deputy: The general amnesty law will be passed
Today at 6:46 am by Rocky
» A change in the fuel smuggling map... “control” over the central ports and “laxity” in the north
Today at 6:43 am by Rocky
» Al-Sudani takes three urgent decisions to block the wheat mafias in Iraq
Today at 6:41 am by Rocky
» Electricity embarks on an 11-axis plan to develop the energy sector
Today at 6:39 am by Rocky
» “Thug and smuggler.” A female representative talks about a crocodile in Parliament blackmailing exec
Today at 6:37 am by Rocky
» Al-Sudani told the US State Department: Iraq is keen to strengthen its democratic system
Today at 6:36 am by Rocky
» The Central Bank sells more than $275 million at auction today
Today at 6:34 am by Rocky
» The Minister of Commerce stresses the observance of the Iraqi standard in the supply of goods
Today at 6:33 am by Rocky
» The Iraqi Trade Bank announces its participation in the process of localizing the salaries of Kurdis
Today at 6:32 am by Rocky
» Iraq adopts an advanced system to combat money laundering and terrorist financing
Today at 5:25 am by Rocky
» Increase in Euphrates River levels due to Turkish water releases
Today at 5:22 am by Rocky
» Demands the need to legislate the capital law
Today at 5:21 am by Rocky
» Parliament decided to extend the legislative term by one month
Today at 5:20 am by Rocky
» A bank participating in the process of localizing the salaries of employees in the region
Today at 5:18 am by Rocky
» Parliamentary request to the Ministry of Finance regarding defense mobilization dues/document
Today at 5:17 am by Rocky
» Dollar prices in Baghdad and Kurdistan today
Today at 5:16 am by Rocky
» Al-Rasheed decides to increase the ceiling for granting “construction” loans to 75 million dinars
Today at 5:14 am by Rocky
» A government plan to expand the construction of water harvesting dams
Today at 5:12 am by Rocky
» Frozen or banned? An Iranian official reveals the fate of Tehran’s money in Baghdad
Today at 5:11 am by Rocky
» The Iraqi Trade Bank participates in the process of localizing the salaries of Kurdistan Region empl
Today at 5:10 am by Rocky
» Finance confirms the Iraqi government's desire to benefit from the expertise of French companies
Today at 5:09 am by Rocky
» After targeting its branch in Kurdistan... Dana Gas announces a decrease in its profits to $38 milli
Today at 5:08 am by Rocky
» A parliamentary understanding to extend the legislative term to approve the 2024 budget schedules
Today at 5:08 am by Rocky
» Stopping the Commission’s procedures regarding the region’s elections
Today at 5:06 am by Rocky
» Foreign oil companies violate Iraqi laws
Today at 5:05 am by Rocky
» The position of Speaker of Parliament depends on the political agreement
Today at 5:04 am by Rocky
» The Ministry of Finance decides to send the April salary to the Kurdistan region
Today at 5:02 am by Rocky
» It did not reach the Council.. Parliament determines the mechanisms for dealing with the 2024 budget
Today at 5:01 am by Rocky
» 88 projects awaiting resolution.. What will happen to the stalled laws in Parliament? - Urgent
Today at 5:00 am by Rocky
» Al-Sudani receives the US Undersecretary of State
Today at 4:59 am by Rocky
» It did not reach the Council.. Parliament determines the mechanisms for dealing with the 2024 budget
Today at 4:57 am by Rocky
» Advisor to Al-Sudani: Sanctions on 32 private banks caused financial problems inside Iraq (video)
Today at 4:56 am by Rocky
» An expert comments on the use of the Iraqi currency in commercial transactions with Iran
Today at 4:54 am by Rocky
» Why does Iraq depend on foreign banks for dollar transfers?
Today at 4:53 am by Rocky
» Deputy: The fuel smuggling map in Iraq has “radically changed” from what it was years ago
Today at 4:52 am by Rocky
» Petroleum Products announces a decrease in gasoline imports by about 8 million liters
Today at 4:51 am by Rocky
» Government advisor: Collections will shift almost completely to electronic payment in the middle of
Today at 4:49 am by Rocky
» Complete decisions of the Council of Ministers session
Today at 4:48 am by Rocky
» Al-Sudani chairs the first meeting to restructure the government apparatus
Today at 4:47 am by Rocky
» The National University holds its second international scientific conference with the participation
Today at 4:46 am by Rocky
» Parliamentary proposals to extend the legislative term of the House of Representatives to resolve th
Today at 4:45 am by Rocky
» Hanoun: We are working on preparing a six-year strategy to combat corruption based on technology
Today at 4:44 am by Rocky
» The Ministerial Council for the Economy decides to stop the import of 6 crops due to their abundance
Today at 4:42 am by Rocky
» Minister of Industry: He turned to Chinese companies to supply Iraq with spongy iron ores
Today at 4:42 am by Rocky
» A foreign report reveals the existence of an undeclared Iraqi-British agreement regarding asylum see
Today at 4:41 am by Rocky
» “Fares Issa” visits the Ministry of Finance and Economy in the Kurdistan Region
Today at 4:39 am by Rocky
» Nechirvan Barzani: We want to address all problems with Iran and begin a new phase of relations
Today at 4:38 am by Rocky
» The position of Speaker of Parliament.. Representatives confirm: “There is no amendment to the bylaw
Today at 4:36 am by Rocky
» Demands to put an end to foreign workers
Today at 4:34 am by Rocky
» Iranian official: We do not have frozen funds in Iraq
Today at 4:33 am by Rocky
» Entering 31 countries in the world without a visa.. A look at the Iraqi passport during 2024
Today at 4:32 am by Rocky
» An Iranian plan to export goods to Iraq worth $3 billion
Today at 4:31 am by Rocky
» The Board of Commissioners decides to suspend the technical and financial procedures for the Kurdist
Today at 4:29 am by Rocky
» Baghdad Governorate approves the two paths of the development road
Today at 4:28 am by Rocky
» Mawazine publishes the full decisions of the Council of Ministers at its session today
Today at 4:26 am by Rocky
» Asaib: The Sunnis are accustomed to having an external actor leading them
Today at 4:25 am by Rocky
» The Iranian ambassador in Baghdad: The Sudanese government enjoys the support of the Shiite and Sunn
Today at 4:24 am by Rocky
» Politician: Representatives of Taqadum “hurt” Al-Halbousi and their party
Today at 4:23 am by Rocky
» “Deficit” is the password.. Parliamentary Finance decodes the budget delay
Today at 4:22 am by Rocky
» Al-Sudani: The tourism sector will be a substitute resource for oil in the coming years
Today at 4:20 am by Rocky
» Finance confirms the Iraqi government's desire to benefit from the expertise of French companies
Today at 4:19 am by Rocky
» utube 5/4/24 MM&C Iraq Dinar- IQD Update - No Float of Exchange Rate - Budget -2024 - Schedules -
Yesterday at 5:10 pm by Rocky
» After a break of more than 9 years.. the resumption of a government trade meeting between Iraq and A
Yesterday at 8:06 am by Rocky
» A deputy in finance expects the Council of Ministers to approve the budget schedules in today’s sess
Yesterday at 8:02 am by Rocky
» A deputy resolves the controversy over the “transfer supplement” in two ministries
Yesterday at 8:01 am by Rocky
» Al-Halbousi’s “vacant” seat.. Will the coordination framework end the “Taqaddum” dream of an allianc
Yesterday at 7:59 am by Rocky
» The Federal Government issues a state order to stop the Commission’s work procedures regarding the K
Yesterday at 7:57 am by Rocky
» Including the freedom to choose the bank and withdraw the salary for “free”... “My Account” features
Yesterday at 7:55 am by Rocky
» The Central Bank sells more than $250 million during its daily auction
Yesterday at 7:51 am by Rocky
» Al-Sudani receives a delegation from the Union of Arab Banks
Yesterday at 7:44 am by Rocky
» Iraq and the United States of America hold trade meetings in Washington
Yesterday at 7:43 am by Rocky
» In pictures... The activities of the Union of Arab Banks conference in Baghdad, “Day Two”
Yesterday at 7:42 am by Rocky
» The Director General of Ports announces the completion of berths (3) and (4) in Al-Faw Grand Port
Yesterday at 7:40 am by Rocky
» The Council of Ministers holds its regular session headed by Al-Sudani
Yesterday at 7:38 am by Rocky
» Parliament publishes the agenda of its session for next Thursday
Yesterday at 7:37 am by Rocky
» A government measure to reduce "money laundering" using the buying and selling of real estate in Ira
Yesterday at 7:35 am by Rocky
» Iraq proposes establishing a specialized council to combat corruption in Arab countries
Yesterday at 7:32 am by Rocky
» Al-Mawarid intends to establish infrastructure and investment projects for the water sector in Iraq
Yesterday at 7:30 am by Rocky
» The Federal Court issues a decision regarding postponing the election of the Speaker of the House of
Yesterday at 7:28 am by Rocky
» A government meeting to discuss financing and implementation mechanisms for the Development Road Pro
Yesterday at 5:12 am by Rocky
» Al-Sudani: Iraqi banks are on the right track with financial transfers
Yesterday at 5:11 am by Rocky
» Al-Khazali: The Turkish side is still imposing its conditions on Iraq
Yesterday at 5:08 am by Rocky
» Rights: We refuse to amend the bylaws of Parliament under political influence and desires
Yesterday at 5:07 am by Rocky
» Nechirvan Barzani: We want to address all problems with Iran and begin a new phase of relations
Yesterday at 5:05 am by Rocky
» Today, Iraq and Iran signed the minutes of a joint meeting related to trade
Yesterday at 5:03 am by Rocky
» KPMG International begins auditing the revenues of telephone companies operating in Iraq
Yesterday at 5:02 am by Rocky
» Oil: The seventh batch of equipment for the gas manufacturing project in the Nasiriyah and Gharraf f
Yesterday at 5:01 am by Rocky
» Al-Sudani assures the French ambassador of Iraq’s openness to “fruitful” partnerships
Yesterday at 5:00 am by Rocky
» Government move to install gold screening devices at 4 airports
Yesterday at 4:59 am by Rocky
» Sudanese Advisor: The oil sector is witnessing a rapid renaissance
Yesterday at 4:58 am by Rocky
» Opening offices specialized in employing people with disabilities
Yesterday at 4:57 am by Rocky
» Infrastructure and investment projects for the water sector in Iraq
Yesterday at 4:56 am by Rocky
» Adopting the electronic system in the next census
Yesterday at 4:55 am by Rocky
» Al-Sudani chairs the first meeting to restructure the government apparatus
Yesterday at 4:54 am by Rocky
» Business Council: Efforts to open a branch of the Chinese Bank in Iraq
Yesterday at 4:53 am by Rocky
» Iraqi diplomacy is balanced openness
Yesterday at 4:52 am by Rocky