[size=30]KTFA Members "News and Views" Tuesday PM 12-21-2021[/size]
KTFA:Samson: Completion of the payment of compensation to the State of Kuwait
The payment of the last remaining installment of the State of Kuwait’s compensation amounting to (44) million US dollars has been completed, thus Iraq has completed the full payment of the compensation amounts approved by the United Nations Compensation Committee of the UN Security Council pursuant to Resolution No. (687) for the year 1991, with a total of (52). 4) One billion US dollars for the State of Kuwait.
It is hoped that ending the payment of compensation will contribute to removing Iraq from Chapter VII, as well as its impact on re-integrating the Iraqi banking system with the global banking system and benefiting from the financial abundance that will be achieved.
Central Bank of Iraq
Media Office
December 21, 2021 link
Clare: BOOM!!! THANKS SAMSON! WS & FRANK…… SPOT ON AGAIN!!!
MilitiaMan: What is not to like about this? This time it comes from the CBI. The last time it was from experts. I’ll look for the UN and USA for that final decision. Now that payment’s are completed, that fact should usher in the final decision to release in totality Iraq from Chapter VII. As stated it will allow Interconnectivity with internal and external banks.. That will be a day to remember!!! Imo -MM
*****************
Samson: The Central Bank of Iraq officially announces the completion of the payment of compensation to Kuwait
21st December, 2021
Today, Tuesday, the Central Bank of Iraq announced the completion of the payment of compensation for the State of Kuwait.
The Central Bank said in a statement received by Alsumaria News, “The payment of the last remaining installment of state compensation has been completed.” Kuwait amounting to (44) million US dollars, thus Iraq the full compensation amounts approved by the United Nations Compensation Commission of the UN Security Council under Resolution No. (687) for the year 1991, with a total of (52.4) billion US dollars have been paid to a country Kuwait“.
It is hoped that the termination of the payment of compensation, according to the statement, will contribute to “exiting Iraq from the seventh item, please on Its impact on reintegrating the Iraqi banking system into the global banking system and benefiting from the financial abundance that will be achieved.
A UN Compensation Committee was formed in 1991, obligating Baghdad Paying $52.4 billion in compensation to individuals, companies, government organizations, and others who incur direct resulting losses on Invade Kuwait. and stop Iraq on Payments were made in 2014 during the war on ISIS, which controlled large parts of the country, but resumed payments in 2018. LINK
****************
Samson: Disruption of official working hours for 7 days in Kurdistan
21st December, 2021
The Kurdistan Regional Government announced today, Tuesday, the suspension of official working hours for seven days.
Government spokesman Jutiar Adel said in a statement seen by Mawazine News that “the Kurdistan Regional Government has decided to suspend official working hours in all its departments, starting from the 25th of the current December until the first of next January.”
He added, “This came on the occasion of Christmas and New Year’s Eve,” noting that “the official working date will be on the second of next January in all government institutions.” LINK
*************
Samson: In Baghdad, 160 archaeological artifacts dating back to the Parthian and Seleucid eras were discovered
21st December, 2021
The Director General of the Department of Investigation and Excavations, Ali Shaghlam, announced on Tuesday that 160 artifacts had been found in the plot numbered 2784/1/2784, Nahrawan District, by an Iraqi mission.
Shalgham said in a statement received by Shafaq News Agency, that the artifacts date back to the (Parthian and Seleucid) eras, which are pottery, jars, various vessels, glass bottles and ivory, most of which are used in daily life.
He added that the pieces were handed over to the Iraqi Museum according to fundamentalist records followed in the receipt and delivery of antiquities found by the mission. LINK
Samson: Russian newspaper: China is betting on Baghdad to increase its influence in the Middle East
21st December, 2021
The Russian newspaper “Nezavisimaya Gazeta” saw today, Tuesday, that China is betting on Iraq to increase its influence in the Middle East.
In a report published on “Beijing’s bets and investments in Iraq,” the newspaper said that Chinese government companies signed an agreement with the Iraqi authorities to build 1,000 schools, indicating that Baghdad hopes to restore the education system destroyed by war with the help of the People’s Republic of China.
Beijing expects, according to the newspaper, to increase its influence in the Middle East by relying on Iraq, which attracts most Chinese investments in the region, noting that China has become the largest buyer of Iraqi oil.
The newspaper quoted the Orientalist and political expert, Elena Suponina, as saying: “Iraq has always attracted the attention of the Chinese. In the days of Saddam Hussein, they were interested in oil and gas fields and signed contracts. Even after Saddam’s overthrow, the Chinese managed to gain a foothold in that market, Although they invested in a very small scale, due to the difficult security situation there. Even the Chinese workers were taken hostage by the terrorists. After every such incident, the Chinese business was becoming more cautious. However, Iraq, for China, is estimated Oil reserves of at least 112 billion barrels, opens the appetite.”
She added: “After the Americans toppled Saddam, it was believed for a long time that American companies would come to Iraq, and that oil was their biggest concern. It turned out that this is not the case. Although there is an American business in the Iraqi market, it is very limited. It has raised insecurity the fear of American investors.
And the development of oil production in the United States made it possible for Washington to abandon its heavy presence in Iraq without pain. On the other hand, the Chinese are filling the void that appeared after the Americans eased their focus on the region. But Russian companies are also working in Iraq. For her, strengthening the presence of the Chinese could be a serious competition.”
In the middle of this month, the Iraqi government signed 15 contracts with the Chinese side to build 1,000 schools in different parts of the country.
On the twenty-eighth of last November, the Iraqi military authorities reported a security alert to protect Chinese companies implementing a project to build 1,000 schools across Iraq. LINK
****************
Samson: An economist explains the reason for the demand for the dollar in the local market instead of the dinar
12/21/2021 15:26:41
An economic expert explained, the reason why the local market sometimes resorted to dealing in the dollar currency exclusively, without the Iraqi dinar.
Bassem Jamil Antoine told {Euphrates News}: “This transaction does not mean a collapse and the exit of the dinar from daily transactions, as the majority of people still deal in the Iraqi dinar and consider it the basis of the currency, but the rise in commodity prices and monetary inflation has become easier in buying and selling in the dollar, which is not new and it has passed.” It’s more than 20 years old.”
And he indicated that “the Iraqi economy is non-productive and consumerist, and all imports depend on the dollar, so dealing with it is easier than trading in dinars, which may be exposed to a loss or disparity.”
Jamil stressed, “The Iraqi dinar is still strong, and the strength of the Iraqi economy does not lie in paper and remains a facade,” noting that “these exaggerations are largely unjustified, and some people have turned, and unfortunately rumors play a role, and the Iraqi dinar is still a similar site.”
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, had ruled out a collapse of the local currency {the Iraqi dinar}, and told {Euphrates News} today: “There is no collapse of the local currency, and the Iraqi dinar is strong and covered by good foreign reserves.” He pointed out that “monetary policy deals with in dollars, and the use of system currencies {domestic and foreign trade} Bsbouapn presence hedges to deal with foreign currency and stability as well as the stability of trading them as well.”
It is said that the local market and some wholesalers are starting to deal in dollars US exclusively without local currency so as to fear for the collapse of them, as happened in neighboring countries and the region, such as Turkey, Iran and Lebanon. LINK
» Economist: The Swift platform came in favor of Iraq. How?
» People's eyes await Washington's visit...the government is chasing the dollar with a "resuscitator"
» A Kurdish response to a Turkmen claim... Has Article 140 of the Constitution "fallen"?proposals from
» Economist: Al-Sudanese statements confused beliefs about the price of the dollar in the 2023 budget
» Reuters: Qatar will get 25% of the French total project in Iraq
» Recovering the money is the first goal.. A "different" campaign by Al-Sudanese against corruption dr
» Oil shows the most important associated gas investment projects in Iraq and their current production
» The dollar flies over 170,000 Iraqi dinars
» Sumo talks about the consequences of OPEC's decision to cut production on Iraq
» Iraqi-American cooperation to improve the level of performance of institutions and establish the pri
» An American vision: Al-Sudani is active, cunning, and pragmatic, and he can play the role of mediato
» Al-Sudani and Al-Abadi stress the unification of the word to move forward in the reconstruction and
» A parliamentary call to take serious steps to address the high dollar exchange rate
» Exposing a "mistake" made by the Federal Court in its decision against the Kurdistan Region
» After the "Sudanese Blades"... Parliamentary Finance reveals the truth about the tendency to change
» Sources reveal the goals of the Saudi Foreign Minister's visit to Baghdadproposals from
» Communications confirms working to extinguish the Internet capacities of unlicensed companies
» “Do not spend your savings on it.” Al-Sudanese warns citizens against buying agricultural lands
» Closing the crossings, stopping smuggling, and combating drugs.. Iraq recommends 8 border measures t
» Al-Fateh Alliance is optimistic about the Sudanese measures in the dollar file
» The governor of Baghdad announces the resumption of work on the Mahmoudiyah residential complex proj
» The Saudi foreign minister will visit Iraq tomorrow, Thursday
» America announces investing more than 172 million dollars in Iraq since 2012
» Cabinet: The government will deliver petrodollar allocations directly to the oil provinces
» The dollar crisis.. A proposal to strengthen the balances of Iraqi banks externally by 20%
» Parliamentary Finance: The 2023 budget will be the highest among the previous budgets
» The President of the Republic: The new draft law for provincial councils must be reviewed
» The Investment Authority instructs companies to adopt the official dollar exchange rateproposals fro
» The most important thing that came in the meeting of the Council of Ministers of the region regardin
» Reuters: The Iraqi Prime Minister assigned the "combating terrorism" to stop the smuggling of millio
» KTFA Members "Tuesday Iraq News" 1-31-2023
» Al-Sudani calls on citizens not to acquire the dollar and confirms that the Iraqi dinar is the stron
» With the decline in the value of the dinar.. the Prime Minister of Iraq announces the monitoring of
» The Secretariat of the Council of Ministers announces the transfer of the validity of power of attor
» Parliamentary Finance: The Iraqi Central Bank is doing everything in its power to increase the amoun
» Sudan.. The Brotherhood's plan to thwart the political agreement and bring down the next government
» Al-Sudani: We do not need combat forces, and the United States of America is a "friendly country" an
» “The end of the dollar era.” Major central banks abandon the American currency
» The head of the National Commission for Investment directs investment companies to adopt the Iraqi d
» An Iraqi political movement declares its opposition to the Sudanese government and invites Sadr
» Employee salaries lose value.. The dollar rises 15% against the Iraqi dinar
» Did the dispute occur between Nuri al-Maliki and Prime Minister Muhammad Shia al-Sudani because of t
» The results of the meeting of the Council of Ministers of the Kurdistan Region
» The Central Bank announces the deposit of more than 80 million dollars in the Iraq Money Recovery Fu
» Parliamentary Finance opens its lines with the Central Bank for the purpose of following up on the d
» Conscientious / Head of the Integrity Commission: We were able to recover money in a number of count
» Conscientious / Al-Sudanese confirms the occurrence of fraudulent dollar transfers outside Iraq
» Al-Karawi: America is blackmailing the government by fabricating the dollar crisis
» Aware / Deputy.. criticizes Al-Halbousi's negligence and disregard of the dollar crisis
» The World Bank is ready to work with Iraq to implement reforms
» Aware / an economist explains that decreasing the dollar exchange rate increases the budget deficit
» Aware / Makiya directs investment companies to adopt the Iraqi dinar
» Minister of Education: We have projects to open branches of foreign universities and link students t
» Integrity Commission: More than three million dollars will be recovered in one of the neighboring co
» The head of the Iraq Money Recovery Fund reveals the details of returning the smuggled funds
» There is no real democracy in Iraq, according to specialists in political affairs
» An upcoming meeting between Alekti and Parti regarding oil: the region's economy will be affectedpro
» President Rashid and Allawi discuss the Kurdish differences and hold a Kurdish dialogue to resolve t
» Sudanese visit Mosul next weekproposals from
» It may overthrow big heads.. The obscene wealth opens the door for investigation with some Diyala of
» Among them is the one affected.. 3 deputies are suing Al-Halbousi to cancel the membership of a depu
» Parliamentary Finance begins with reading and discussing the insurance and retirement law for worker
» Sulaymaniyah.. Dollar transfers continue for less than 10 thousand dollars internally and externally
» Iraq achieved 7 billion and 690 million dollars of oil exports last monthproposals from
» Allocating more than 872 million dinars to implement 18 service projects in Erbil
» Developments in the political situation at the table of the President of Kurdistan and Britain
» Patriotic Kurdistan: The Sudanese made a pledge regarding the salaries of the region's employees
» Extending a pipeline to secure drinking water for more than 150,000 people in the Kurdistan Region
» Washington receives "compelling evidence"... Iran trades in Iraqi dollars
» Iraq recovers more than 80 million dollars of stolen money
» The verdict in the presence of imprisonment against the former Iraqi Minister of Industry
» A lawsuit against Al-Halbousi for forgery.. Document
» An international anti-money laundering group agrees to nominate Iraq as a member
» An increase of more than 52% in the Iraqi Central Auction for the sale of currency
» An official directive to investment companies to adopt the Iraqi dinar instead of the dollar
» What about the dollar and appointments? The full text of the first television interview with Al-Suda
» OPEC oil production decreases with the decline in Iraqi exports
» The World Bank announces its readiness to work with Iraq to implement investment and reform projects
» Iran is moving to export live livestock to Iraq
» Integrity recommends that goods not be allowed in without conformity certificates
» Control of the exchange rate is achieved by supporting the Central Bank's measures
» Minister of Construction: Road allocations this year are the most since 2003
» Action: 6,000 violators detected on the security network and over 1 billion recovered
» Washington tempts Baghdad with a new electricity plan
» Oil negotiated «OPEC Plus» to return Iraq's share
» Al-Sudani: All possibilities are contained in adjusting the exchange rate
» The Council of Ministers approves the signing of cooperation with Siemens
» {Rain harvest}.. a new strategy adopted by agriculture to store water
» Central: No increase in the spread of counterfeit currency
» A proposal to enhance the balances of Iraqi banks externally by 20%
» The Memorandum of Understanding with France is covered by the provisions of the Money Recovery Act
» During her accompanying the President of the Republic.. the Minister of Immigration: Reconstructing
» Syrian-Iraqi talks in the field of land transport and transit
» The President of the Republic: Justifying the continuation of the file of the displaced is unaccepta
» Iran uses Iraqi trucks to transport weapons to Syria and the Lebanese Hezbollah
» Campaign to implement 47 sanitation projects in Baghdad
» A parliamentary committee calling for the establishment of a sovereign fund and speeding up the adop
» An Iranian delegation in Baghdad to follow up the investigations of the assassination of Soleimani a