MilitiaMan, Frank26, Petra and more Friday Night...6-24-2022
KTFA:
MilitiaMan: The special session yesterday had a couple things going on. One was the vote for the HOR and the other apparently per FA # 1622 (see article below) the exchange rate was in the mix. 100 hands were raised for the exchange rate change is a nice show of hands.. imo
That said, there is support that you have noticed and refer to about the data with Egmont Group. That meeting having by some pooh pooh-ing it might take another think on the matter.
The group is renown for it's Financial Intelligence Unit. They are all about having security with respect to finance, anti money laundering and anti terrorism financing.
With Iraq gearing to go international they'll need all the support and intelligence they can get and this group is global. They will be instrumental in investigating money laundering, etc. Think about it.. Iraq is about to change their exchange rate and the currency would be ripe for money laundering especially if the value is strong, as expected to be.
"The Egmont Group of Financial Intelligence Units is an international organization that facilitates cooperation and intelligence sharing between national financial intelligence units to investigate and prevent money laundering and terrorist financing."
MilitiaMan: The amount of items that are ready to go for the exchange rate is quite significant now to date. They gathered over 100 signatures to reduce the Exchange rate of the dollar.
The links below show that the electronic side of things is all hooked up and ready to go. So with have the legal and necessary powers to facilitate the laws with Kahdimi, yesterday show us just how ready we are now.
The Supreme Judicial Council is the authority that clarified the present government in place has the ability to keep the country running through whatever necessary power's needed. I would love to know exactly what amendments they had in the additional paragraph noted in the report.
May it be the amendment for the exchange rate change?
Could it have been about the forming of the government?
Could that be about amendments to the constitution with respect to the 2/3rds vote?
Not sure just yet, but with the emergency meeting yesterday and the Emergency Food Security Law have seasoned for 15 days + now, it surely could have implication's that what ever is in it, it was welcomed by over 100 deputies.
Gazzette day is going to be either tomorrow and or next Wednesday. For accounting purposes they may take it to the wire.. Don't know.. But, it sure is not long to find out.. lol The links provided are not theories. They are imo they are facts on accomplishments completed or was carried out. ~ MM
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Article #1622” "In The Document.. The Signatures Of More Than (100) Deputies Were Collected To Reduce The Exchange Rate Of The Dollar Against The Iraqi Dinar."
Greetings... Based on Article (61 Seventh-c) of the Iraqi constitution and Article (56) of the internal system, please include the issue of reducing the price of the dollar in the earliest possible session, according to constitutional reasons, and because of the economic repercussions that are taking place in the country and the collapse of the currency and its impact on Iraqi citizen. With much thanks and appreciation. LINK
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Governmental Media : Implementation of the Automation Program for Customs and Tax Receipts
23rd June, 2022 LINK
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Completing the electronic link between the federal government and the Kurdistan Regional Government
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Cabinet Secretariat : Ur Gate will eliminate four obstacles faced by citizens
22nd June, 2022
The secretariat's spokesman Haider Majid told the Iraqi News Agency (INA), that "the electronic governance project was carried out in several stages, the first includes the project to link the General Secretariat of the Council of Ministers with all ministries and the electronic document management project," noting that "the e-mail has now been circulated for more than 75,000 documents between the General Secretariat of the Council of Ministers and the ministries.
He added, "The second phase includes linking independent bodies and governorates with the program, as well as launching the governance program (the National Bayan Center), which was established in the General Secretariat of the Council of Ministers, and launching Ur electronic portal, which contains 90 electronic services to citizens."
He pointed out that "this portal will facilitate the completion of transactions and eliminate corruption, bureaucracy and red tape." LINK
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PETRA: Good stuff MM. Clear and factual as always. I would like to add a few dots to the logic equation as to status:
1. Al-Zamili stated weeks ago prior to the passing of the ESFL that upon passing of the law that the ministries would "immediately" be funded to begin their efforts of the WP's. Well, yesterday was that 15th day as MM stated above.....tick tock!
2. Al-Alawai the Finance Minister has been pumping his chest for the last week plus stating that basically the reforms are ready to go and his ministry is ready to engage. Hello CBI....Tick Tock!!!
3. Today, in MM's post above and in Frank's FA # 1622 is not only the request of Kathemi to change the rate but also, along with it are the signatures of 100 or so Parliament Deputies agreeing with the move. Hey CBI....Tick Tock
Therefore, with all the studies we have been doing, the international digital framework is clearly ready to go, and now we have additional oversite to insure the safety and security....OF THE RATE is now before us on a myriad of levels to engage the new Iraq!!
So, as of now, and IMO what are we waiting for? Hello CBI....Tick Tock!!! The ESFL is now 'LAW!' You have heard now from Kathemi, Allawi, and 100+ ministers of Parliament.... Time to move CBI....or get a new watch!!! ALL IMO PETRA
KTFA:
Frank26: "PEOPLE OF IRAQ... ARE YOU WATCHING".......F26
Samson: Britain asks its citizens to dispose of $17.7 billion in banknotes
24th June, 2022
The Bank of England said people who own 14.5 billion pounds ($17.7 billion) of old notes have just 100 days to spend or deposit them before they become worthless. And the British Central Bank indicated in a statement published on its website, that about 477 million of the remaining banknotes in Britain, printed on paper, are still in the hands of the public, but they will stop appearing.
According to what was published on its website, the bank will withdraw through legal tender the two denominations of 20 and 50 pounds after September 30, 2022. After this date, the notes of both denominations will be of no value. The Bank of England urged anyone who still has this category of banknote to use it or deposit it with its bank or any post office within the next 100 days.
The bank added, "It's also been one year since we released the 50 pound ($61.2) polymer note featuring Alan Turing, on his 109th birthday. With all five pound ($6.1) denominations printed. and ten pounds ($12.2), 20 pounds ($24.4) and 50 pounds ($61.2) of polymer (an environmentally friendly plastic)."
The bank continued, “While the majority of the 20 and 50 pound notes in circulation have been replaced by new polymer issues, there are still over six billion pounds ($7.3 billion) of notes worth 20 pounds, and there are more than eight billion pounds worth of notes. £9.8 billion in £50 banknotes with the image of the economist Adam Smith on it, more than 300 million £20 banknotes and 160 million £50 notes with a picture of engineer Bolton Watt on it
Speaking ahead of time, Bank of England Chief Accountant Sarah John said, “Changing our banknotes from paper to polymer in recent years has been an important development, as it makes them more difficult to counterfeit and means they are more permanent.
The majority of old paper notes have now been taken out. From circulation, but a large number of them are still in the economy, so we ask everyone to check if you have any at home. For the next 100 days, they can still be used or deposited into your bank in the normal way."
The £20 note began to be withdrawn from circulation on February 20, 2020, when the polymer entered circulation, while the £50 note began to be withdrawn on June 23, 2021
The £20 and £50 notes issued by Clydesdale Bank, Royal Bank of Scotland and Bank of Scotland will be withdrawn after September 30, 2022, and the issuing authorities have advised retailers and the public to spend or deposit these notes by that date as well. The bank notes issued by the Bank of Ireland (UK) will also be withdrawn LINK