KTFA Members "News and Views" Monday Afternoon 6-14-2021

by **Rocky** Tue 15 Jun 2021, 8:06 am

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KTFA Members "News and Views" Monday Afternoon 6-14-2021

by Rocky Tue 15 Jun 2021, 8:06 am

[size=30]KTFA Members "News and Views" Monday Afternoon 6-14-2021[/size]

KTFA:
Samson: An Iraqi governorate files a lawsuit to get its petrodollar dues
14th June, 2021
Wasit governorate representative, Abbas Jaber, revealed, on Monday, that the governorate has filed a lawsuit against the Ministry of Finance in order to obtain dues from the petrodollar
Jaber said, "The Wasit Governorate, five years ago, did not receive any sums of money from its dues within the petro-dollar project," noting that "the value of these amounts is more than two trillion dinars
He added that "the lawsuit was filed in the Federal Court in order to compel the Ministry of Finance to pay those amounts," noting that "Wasit today needs those amounts significantly in the implementation of a number of its stalled and suspended projects
And he indicated that "the oil-producing governorates have not benefited from the oil that is extracted from their lands, and they only bear environmental pollution and the high rates of cancerous diseases
LINK

Samson: Iraq Trade Bank - External remittances (SWIFT)
14th June, 2021
External remittances (SWIFT)
You can now transfer to all countries of the world through the application of banking services from the Iraqi Trade Bank..
Please check one of the banks branches to update your data and activate the app, noting that there are no fees for activation.
VIDEO LINK   LINK
MUV: UMMMM…..isn’t this HUUUUGE???
Trevor: this IS huuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuge IMO
DeepWoodz: ARTICLES 121, 122, 123!!!!!!!!!!!!!!! Did somebody say SWIFT!?!?!?
GardenGirl: I know Deepwoodz!!! I was just thinking the same thing! I love how they just casually drop it in a paragraph or two, like “no big deal guys, but look what we can do now”
DeepWoodz: Right?!?! Frank did say NUCLEAR! Apparently huuuuuuuuuuuge things are happenin!
Edna: I will admit this is somewhat encouraging.
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Samson: Iraq Trade Bank - Internal remittances with local banks (RTGS)
14th June, 2021
Internal remittances with local banks (RTGS)

Transfer from your account at the Iraqi Trade Bank to any other local bank through the application of banking services provided by the Iraqi Trade Bank.. Please check one of the banks to update your data and activate the app, note that there are no fees on Activation

VIDEO LINK    LINK
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Samson: Proposals to limit the repercussions of the dollar’s rise and warnings of “parasitic” banks
14th June, 2021
The issue of the dollar exchange rate and its impact on the local market is still a concern of the political class and those who follow the economic situation in the country. He is behind the rise in the price of the dollar and "parasitic" banks have benefited from it.
Member of Parliamentary Finance Committee Jamal Cougar stressed that dealing with the rise in prices in the markets as a result of changing the exchange rate is through four steps.
And he said Cougar in an interview with Alsumaria News, "The concerned authorities can proceed with four steps to address the rise in prices in the markets and ease the crisis on the citizen after changing the exchange rate of the dollar against the dinar," noting that "the first step is to control the market prices of imported materials on the grounds that they were affected in a way. More than the local goods due to the high exchange rates.

Added Cougar, the second step is by addressing the fluctuation in the exchange rates of the dollar against the dinar in the local market, and the Central Bank promised to pump at least three billion dollars during the current year to the market in order to address this matter and control prices and not allow the collapse of the local currency.
He pointed out that "the third step is to start projects to support the private sector and provide job opportunities, amounting to at least one billion dollars to build schools and two billion dollars to support small projects for non-employees."
He continued, "The other step is to raise the level of the oversight role of the House of Representatives and the bodies for integrity and the judiciary to control things, but without this and in the event that things are left to go as the greedy crisis dealers desire, then prices will remain high and the crisis will further suffocate the citizen."
A representative of national approach block Hussein Al-Eqabi emphasized that the people's strength and capabilities Iraq over the past seven months, it has been controlled by a group of parasitic banks that drain people's money through currency auctions, noting that there is a political decision in the Iraqi state that is behind the raising of the exchange rate.
Al-Uqabi said in an interview with Alsumaria News, "The people's strength and capabilities Iraq has been controlled over the past seven months, with great regret, by a group of parasitic banks that drain people’s money through currency auctions. Therefore, raising the exchange rate is in the interest of those banks that do not have any economic or commercial activity or activity, but rather subsist on the capabilities of the people and the state, which is what we were warning of. Over the past period," he said, noting that "these banks know very well who is behind them, and they are influential political forces, and there are influential political forces behind the failure to hold those responsible for raising the exchange rate accountable."
Al-Uqabi added, "There is a political decision in the Iraqi state that is behind the raising of the exchange rate, which is of no economic benefit to it, as it provides the state with an amount not exceeding seven or eight trillion dinars, but the cost of it is very high, harsh and severe, and the loser is the Iraqi citizen."
Pointing out that "the reform system was supposed to go on several aspects, but unfortunately, the authorities holding power, we see them move and move from one failure to another failure, as they cannot maximize state revenues or fight corruption and secure the state's needs, but rather go to the fragile class, whether by external borrowing And the internal, deduction, taxes, or raising the exchange rate, and this is the weapon of the incapable, the failure, and the corrupt at the same time, because the beneficiary party is the parasitic banks, and the victim is the citizen.”
He pointed out that "the government must retreat quickly and correct this equation, because the parties holding power are complicit with these banks, most of which are not accountable for taxation, do not submit import statements, and there is no transparency in their work, and a large number of them have completely non-existent formation and classification procedures, therefore, we do not hope better than an invalid class." LINK
ATPinfinity: PUMPING IN BILLIONS OF DOLLARS!!!
"Central Bank promised to pump at least three billion dollars during the current year to the market in order to address this matter and control prices and not allow the collapse of the local currency."
PROVIDES.....(IRAQI STATE)TRILLIONS OF DINAR!!!
"There is a political decision in the Iraqi state that is behind the raising of the exchange rate, which is of no economic benefit to it, as it provides the state with an amount not exceeding seven or eight trillion dinars,.."
Pointing out that "the reform system was supposed to go on several aspects,
"the government must retreat quickly and correct this equation,
SO, WHEN "THE REFORM SYSTEM" CORRECTS THE EQUATION,
7 OR 8 TRILLION DINAR= TRILLIONS OF DOLLARS
BUDGET OPENED; BILLIONS ARE EASY MATH!     EQUATION MAKES SENSE

Samson: Honest: The citizen and the merchant are at the mercy of exchange rates
16:37 - 14/06/2021
The Sadiqoun bloc confirmed, on Sunday, that the exchange rates did not affect the citizen only, but also went beyond the matter to the merchants, and both of them complained about the “crime” of the exchange rates.
A member of the coalition, Muhammad al-Baldawi, said in a statement to the "Information" agency, "We warn of the fears of local market traders that they will not enter the market and supply them with goods as long as they remain at this pace of turmoil between high and low exchange rates."
He added, "The government has failed to control the currency auctions run by its financial institutions, and therefore it is unable to redraw an appropriate pricing for the Iraqi dinar against the dollar."
He pointed out that “the central bank sales of dollars are very large, and the volume of quantities in the market is doubled, and this will cause continued unrest. LINK

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