KTFA Members "News and Views" Monday PM 3-4-19

by **rocky** Tue 05 Mar 2019, 3:47 am

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KTFA Members "News and Views" Monday PM 3-4-19

by rocky Tue 05 Mar 2019, 3:47 am

KTFA Members "News and Views" Monday PM 3-4-19

3/4/2019
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KTFA:

Don961: Baghdad regains its breath after years of "terrible" reports of money laundering

"Now it's very different from the past," he said. "Banks outside the country are starting to deal with them."   link

Iobey777: Well now, C'mon Iraq!! Let us see the shiny new rate and those pretty little smalls and shiny new coins!! The citizens are watching and waiting!

Moparman: This speaks of great confidence and internationalism.

Jay: Alak we get it. But you have to understand that talk is cheap. The CBI still has 1190 as its rate. Sorry. Not impressed Alak. Imo
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Popeye7: I do not if any of you fine folks at KTFA listened to President Trump's speech at CPAC this weekend... He did mention that ISIS would be rid of completely within Syria the next 24 hours or shortly thereafter from the time he was giving his speech... Just an FYI...
https://youtu.be/3I9J9IaZC7o?t=1

KBC123: I doubt we will see any RV until this whole discussion of our military being kicked out is settled. Personally, I don't think we're going anywhere!!! But, I believe this whole discussion needs to settle down via it failing by vote or Madhi squashing it... Of course, this is all imo....Trump's comments at CPAC basically saying we've spent $7 Trillion in the ME & we have to land with no lights speaks VOLUMES. So Iraq, either pay up or shut up. Again, all IMO.

Fuze: IMO we are way past rhetoric interference. Inflation is rapidly escalating due to taxes being imposed. Budget dispersion is imminent. Parliaments vote now to remove US troops will be a weak political goodwill gesture to Iran, it want mean a thing. The cat is already out of the bag, they want get another shot at this, RI now or never, in Iraq's current structure.. IMO

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Samson:  The Association of Iraqi Private Banks organizes the course "Capital Planning and Liquidity Planning in accordance with the Basel III Decisions"

4th March 2019

On Monday, the Association of Iraqi Private Banks organized a course entitled "Capital Planning and Liquidity Planning in accordance with the Basel III Decisions " at its headquarters in Baghdad

The director of the administration and training in the Association of Iraqi Private Banks, Ahmed Hashemi, during the launch of the session, which was attended by "Economy News", "The session organized by the Association in cooperation with the Central Bank of Iraq and the Union of Arab banks," noting that "it aims to familiarize participants with the most important updates of the Basel Committee and concepts New capital according to Basel III

"The session will shed light on the future implementation of Basel III's internal capital adequacy assessment as well as clarifying the role of regulatory authorities in the supervisory review process," he added

"They target the employees of regulatory authorities, market risk managers, risk analysts and internal auditors," he said    LINK

Samson:  Parliamentary Finance announces sending Baghdad 522 billion dinars to Kurdistan within days

BAGHDAD - A member of the parliamentary finance committee and MP of the Patriotic Union of Kurdistan Shirvan Mirza, on Monday, that the federal government will send the amounts allocated to salaries of staff in the region according to the budget in 2019.

Mirza said in a press statement, "The federal government will send the amount of 522 billion dinars to the Kurdistan Regional Government, the amount allocated as salaries to employees and Peshmerga, and agreed by all the parliamentary blocs."

He added that "Baghdad completed the sending of all the amounts allocated to the salaries of employees for 2018, and sent the last batch days ago," stressing that "the need for the federal government to abide by the obligations of them, by sending funds allocated from the budget in 2019."

He drew Mirza that "the information received by us, the Federal Ministry of Finance will begin to send the amount of 522 billion dinars in the coming days." (1)     link

ChrisC: I just read an article from a source I have come to trust over the last decade that tells a very interesting addition to the "Baghdadi is traveling with a US Army escort" story. This story was uncovered by the BBC and it says that the US struck a deal with top ISIS leadership to spare them for their stashed gold which amounted to 50 tons.   The especially interesting part of this is that the gold was shared with the Kurds.    Apparently, there is more than one way to skin a cat.

HoosierGirl:   Well well well... very interesting. Deals and more deals. I'd like to make a deal!!!!!!

ChrisC: I have been thinking about this in conjunction with the "green light" for Israel to strike Iran through Syria.   Trump has three guns (or more) pointed at Baghdad's head if they don't play right. By allying the US with the Kurds he gives us a reason to stay and help liberate them from Iraq if need be, but for sure we will have a place to sit and watch Iran from. Without the Kurd's vote we have seen how nothing gets done. If Iran keeps resisting, Israel will rip them a new one and it will be hard to keep meddling in Iraq when you are fighting for your life.   Last, but not least, Baghdadi may still yet unfurl the black flag to wreak some havoc if they still won't do what Trump wants. I think some fingers are finally going to get cut off and some knees are getting capped. Add to that one of the top clerics calling for the people to be taken care of and you have a classic "torches and pitchforks" moment.

Popeye7: The corruption certainly runs deep... Thanks for bringing in that info... It certainly looks as though there is a convergence occurring which seems will culminate with the increase in value of the Iraqi dinar... The people of Iraq certainly need it now more than ever... Thanks Chris...

Harley1: And as spoken by Kim Clement once again....."Therefore, there shall be a break in the financial system in the Middle East, the dinar. And then he shall say, "Why? Why now?" And God said, when things seem at their worst, I shall bring it forth and I shall free them up...."certainly looks like things are heading that way.....IMO

Samson:  Turkey extends the decision to require exporters to convert revenues to the pound

4th March, 2019

Turkey's official newspaper said it was decided to extend the decision announced in September, which requires exporters to transfer 80 percent of their foreign revenues to the lira within 180 days of receipt, for another six months

The decision was first published on September 4 and was for six months. The resolution, published in the official gazette on Sunday, included the amendment of the original decree to become one year   LINK