Frank26: " News and Views" Sunday 4-7-2024
KTFA:
Frank26: "THE NEW EXCHANGE RATE OF THE CBI RANKS VERY HIGH."............F26
Iraq ranks high on the list of “most influential” countries in the world
4/4/2024
Iraq ranked high on the list of “most influential” countries in the world for the year 2024, an index that measures 11 details that include military power, international alliances, trade, culture, diplomatic influence, and others.
Iraq ranked 49th globally out of 194 countries, while it ranked fourth in the Arab world after Saudi Arabia, which ranked ninth globally, then the Emirates and Egypt, and then Iraq, whose global score reached 83 out of 100.
KTFA:
Frank26: "THE NEW EXCHANGE RATE OF THE CBI RANKS VERY HIGH."............F26
Iraq ranks high on the list of “most influential” countries in the world
4/4/2024
Iraq ranked high on the list of “most influential” countries in the world for the year 2024, an index that measures 11 details that include military power, international alliances, trade, culture, diplomatic influence, and others.
Iraq ranked 49th globally out of 194 countries, while it ranked fourth in the Arab world after Saudi Arabia, which ranked ninth globally, then the Emirates and Egypt, and then Iraq, whose global score reached 83 out of 100.
In first place in the world, the United States of America came in the world for the year 2024, with a number of points reaching 95.3 out of 100, and then China came with a number of points reaching 95 points out of 100.
The index includes the perceptions of more than 320,000 experts, such as politicians and business leaders, and countries are ranked based on the highest scores among 11 characteristics: military strength, strong international alliances, highly respected state leadership, international trade and travel, and power. Economic, country culture, diplomatic influence, global diaspora, media influence, being beneficial to other countries in need, and how connected those countries are to the rest of the world, according to SeaWorld. LINK
Frank26: "THE WORLD POURS INTO IRAQ & THEIR WATER BRINGS THE WORLD TO THEM!!!"........F26
A new position from the World Bank regarding the Grand Port of Al-Faw
4/6/2024 Baghdad
The World Bank expected, today, Saturday, that Iraq will enter the global trade route once the large Al-Faw port is operational.
Ibrahim Dajani, Director of the World Bank’s Transport Sector in the Middle East and North Africa region, wrote during his visit to Al-Faw Port, “Once Al-Faw Port is occupied, Iraq will be placed on the path of global trade between the East and Europe, which will provide opportunities for investment in logistical centers and industrial and commercial activities, as it will provide job opportunities.” For young women and men.”
He added, "I am happy with the Iraqi government's decision to enter into a partnership with the World Bank to achieve this important endeavor."
The large port of Al-Faw is located on the Al-Faw Peninsula, south of Basra Governorate. The cost of the project is about 5 billion dollars, with a total area of 54 square kilometers. The capacity of the planned port is estimated at 99 million tons annually, to be one of the largest ports overlooking the Gulf and the tenth largest in the world.
Iraq has completed the construction of more than 60% of an undersea tunnel linking the coastal region to international trade links through what is known as the development road with Turkey.
By the year 2038, Iraq is expected to earn $4 billion from the new port activity, to which indirect revenues will be added, such as transit services through the development road extending to Turkey and Europe, which competes with several global trade lines, thanks to the reduction in time. LINK
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Frank26: "MANY THINGS ARE NOW IN PREPARATION FOR THE MONETARY REFORM".........F26
Install 1,000 ATMs in cities in the Kurdistan Region by the end of 2024
4/5/2024
The process of registering employees in the Kurdistan Region continues with the “Hasbi” project, which is a digital financial payment system. Employee registration has reached 260,000 people, and 153,000 cards have been issued to those registered.
The regional government said in a statement today, Friday, that by the end of 2024, about 1,000 ATMs will be installed in all governorates, districts and regions of Kurdistan, so that employees can easily receive their salaries.
According to the statement, the number of banks participating in the project is constantly increasing, and so far they are (BBAC - NBI - RT - Cihan - IIB), all of which have been recognized and accredited by the Central Bank of Iraq.
Since last year, as a pilot, Erbil Maternity Hospital employees have received their salaries through the “My Account” banking system.
At the end of last year, the faculties of arts, agriculture, and science at Saladin University received their salaries through the same system. LINK
Frank26: "SAUDI ARABIA DOES NOT INVOLVE ITSELF WITH A PROGRAM RATE."..........F26
Iraq and Saudi Arabia sign 12 memorandums of understanding for specific investment projects
4/6/2024
Iraq and the Kingdom of Saudi Arabia signed memorandums of understanding with 12 Saudi companies with the aim of enhancing cooperation in a number of specific investment projects.
A statement from the ministry, a copy of which {Al-Furat News} received, said, "The memorandums of understanding signed with 12 Saudi companies came with the Iraq Fund for Development, with the aim of enhancing cooperation in a number of qualitative investment projects in Iraq."
Last December, Saudi Arabia signed a partnership agreement with Iraq in the field of industrial investments for the private sector, as part of the two countries’ efforts to strengthen their bilateral relations and attract foreign investments. LINK
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Frank26: "GIVE BACK 8.5% ON A 4 YEAR BOND NOTE ON A PROGRAM RATE OF 1320... NO WAY!!!"........F26
"A good investment"... What is the goal of the Iraqi Central Bank in issuing financial bonds with high annual interest?
4/6/2024 – Baghdad
With inflation rates in Iraq currently reaching 5.5%, and expectations that it will reach 6% by the end of the year, the Central Bank announced the launch of financial bonds with the highest annual interest, at 8.5%, as well as for deposits in the private banking sector.
According to economic expert Manar Al-Obaidi, in a post on his page on the Facebook platform, the aim of these bonds is to attract and encourage capital outside the banking system through high interest rates to enter the banking sector, adding that the annual interest rate announced by the Central Bank is encouraging to the investor and depositors, due to its high content. , which is considered a good return on investment compared to its lack of risk.
Al-Obaidi stressed that these bonds are guaranteed by sovereign guarantees of a country that currently has sufficient money reserves, and therefore the risk rate of these bonds is zero and non-existent, and they are purchased through the Iraq Stock Exchange and through market intermediaries.
Al-Obeidi encouraged buying these bonds and selling them in the future at a higher price, meaning that the investment should not only be in the deposit interest but also in the price of the bond itself.
In his publication, Al-Obaidi touched on “depositing money in the private banking sector,” explaining that there are 4 to 5 private banks that own the largest share of the market and their financial data, and are considered very excellent and achieve great control in the Iraqi market. The decision to choose the bank to place deposits depends on the annual interest rate and method. Benefiting from the interest, how to break the deposit, as well as the financial statements of the bank and the extent of its presence and spread in Iraq.
Al-Obaidi concluded his post by “emphasizing that the success of investment depends on two factors: the first is the amount of profit, and the second is the amount of risk, and only the owner of the money can decide the amount of risk to be taken in exchange for the profit rate,” stressing that investing in bonds and deposits is a good solution for those who do not He wants to intervene in the field of investment and its challenges.” LINK
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Frank26: "THE HCL... IS HERE... BECAUSE OF THE NEW EXCHANGE RATE.".............F26
In the presence of Nechirvan Barzani and Al-Sudani... the start of the state administration coalition meeting
4/6/2024
The State Administration Coalition held an extraordinary meeting this evening, Saturday, in the presence of the President of the Kurdistan Region, Nechirvan Barzani.
And earlier; The President of the Kurdistan Region, Nechirvan Barzani, confirmed that an initial agreement had been reached on the oil file, which is one of the most prominent outstanding problems between Baghdad and the region.
Barzani, who is visiting Baghdad, said in an interview with reporters after his meeting with Prime Minister Muhammad Shiaa Al-Sudani: “We thank the Prime Minister for his efforts to solve the problems between Baghdad and Kurdistan, and in the same way his efforts to solve the rest of the problems in Iraq, and we note that since he took office until today, he has been working on Serving Iraq as a whole, including the Kurdistan Region. LINK
KTFA Wed. Night CC: "FRANK26….IQD UPDATE…..4-3-24…..A LOT IS GOING ON"
KTFA
Wednesday Night Conference Call
FRANK26….IQD UPDATE…..4-3-24…..A LOT IS GOING ON
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE= IMPLEMENTATION
KTFA
Wednesday Night Conference Call
FRANK26….IQD UPDATE…..4-3-24…..A LOT IS GOING ON
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE= IMPLEMENTATION
Frank26 "News and Views" Sunday 3-31-2024
KTFA:
Frank26: "NOTICE THE GOI HAS NOTHING TO DO WITH PARLIAMENT!!!"...........F26
The Iraqi government raises the size of the 2024 budget, and Parliament is “surprised”
3/27/2024
The Parliamentary Finance Committee said on Wednesday that the Iraqi government had increased the size of the 2024 budget, noting that it was “surprised” by the decision.
Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, explained to Shafaq News Agency, “The Parliamentary Finance Committee hosted the Minister of Planning to discuss amendments, projects, and the reasons for the delay in sending the general budget law to the House of Representatives.”
He added, "We in the Parliamentary Finance Committee were surprised that the government raised the total amount of the budget law from 199 trillion dinars to 228 trillion dinars in the 2024 budget," explaining that "this increase is large, while what was spent in 2023 amounted to 142 trillion dinars."
KTFA:
Frank26: "NOTICE THE GOI HAS NOTHING TO DO WITH PARLIAMENT!!!"...........F26
The Iraqi government raises the size of the 2024 budget, and Parliament is “surprised”
3/27/2024
The Parliamentary Finance Committee said on Wednesday that the Iraqi government had increased the size of the 2024 budget, noting that it was “surprised” by the decision.
Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, explained to Shafaq News Agency, “The Parliamentary Finance Committee hosted the Minister of Planning to discuss amendments, projects, and the reasons for the delay in sending the general budget law to the House of Representatives.”
He added, "We in the Parliamentary Finance Committee were surprised that the government raised the total amount of the budget law from 199 trillion dinars to 228 trillion dinars in the 2024 budget," explaining that "this increase is large, while what was spent in 2023 amounted to 142 trillion dinars."
He pointed out that "the members of the Finance Committee had an opinion regarding the hosting that the budget should be realistic and not just planning."
Al-Kadhimi pointed out that “raising the total amount in the budget law caused an increase in the deficit rate,” noting that “the budget is currently still in the corridors of the Council of Ministers and is expected to be sent to the House of Representatives next month.” LINK
Frank26: "BECAUSE THE NEW EXCHANGE RATE IS READY!!!"...........F26
Prime Minister: Starting to prepare the 2024 budget schedules
3/28/2024 Baghdad –
The Prime Minister stressed today, Thursday, that local governments must make their efforts to enhance citizen confidence, while announcing the start of setting 2024 budget schedules.
Al-Sudani said in a speech during the second session of the Supreme Commission for Coordination between the Governorates, followed by the Iraqi News Agency (INA): “This meeting is the first after the local elections were held,” pointing out that “the elections were one of the important milestones that represent an achievement of the political process.”
He added, "Local governments must work as one team and make their efforts to enhance citizen confidence."
He stressed that "local governments are an integral part of the executive authority," noting that "the evaluation of officials must be subject to a professional and scientific program."
He concluded by stressing: “Our goal is to serve our people,” pointing at the same time to begin setting the 2024 budget schedules. LINK
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Frank26: "ALL BECAUSE OF THE NEW EXCHANGE RATE"...........F26
Government advisor: The 2024 budget tables focus on investment spending for new projects
3/30/2024 Baghdad - INA - Nassar Al-Hajj,
the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Saturday, that the 2024 budget tables focus on investment spending for new projects.
Saleh said to the Iraqi News Agency (INA): “The existing procedures for completing the public financial tables for the fiscal year 2024 in order to submit them to the legislative authority for approval and implementation immediately are only a response to the text contained in the Federal General Budget Law No. 13 of 2023 (the tripartite ) Which stipulated the submission of schedules of public expenditures and revenues adapted according to the new fiscal year and its objective circumstances for the year 2024 for legal approval.
He pointed out that "the most important thing in these tables is determining the levels of investment spending on new projects, which is fundamental and fundamental spending in the movement of the national economy, as it is directly linked to the development and growth of the economy by providing objective conditions for the movement of government demand for supplies and inputs for investment in projects."
“The demand for productive factors associated with government investment activity is essential in achieving the targeted level of growth in the annual gross domestic product and sustaining its momentum, in addition to its connection to the labor market and business and moving them in accordance with a climate required by the sustainability of the country’s economic development itself.”
Prime Minister Muhammad Shiaa Al-Sudani earlier confirmed the start of setting 2024 budget schedules. LINK
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Frank26: "THE DINAR'S NEW EXCHANGE RATE REPLACES THE USD... WELCOME 1476 OR 1.48"...........F26
Advisor to Al-Sudani: The dollar is on the way to further decline, and 70% of Iraqi traders have entered the platform
3/27/2024
Fadi Al-Shammari, advisor to the Prime Minister, Muhammad Shiaa Al-Sudani, expected on Wednesday (March 27, 2024) a continued decline in the dollar's exchange rate against the dinar.
Al-Shammari said in a televised statement followed by “Baghdad Al-Youm,” “The dollar is on its way to further decline and is subject to supply and demand.”
He stated, "70% of Iraqi merchants deal with the platform, up from only 10%."
Reuters previously quoted an official in the Central Bank of Iraq who revealed that there was an increasing demand among merchants on the electronic platform for selling the dollar at the official price (1,320 dinars), and working in a regular manner, as foreign trade remittances rose to 200 million dollars after it was only 50 million dollars last year. .
It is noteworthy that local markets and currency exchanges have been witnessing for days a noticeable decline in the exchange rate of the dollar against the dinar, as it reached 1,476 dinars this evening, Wednesday. LINK
Frank26: "ALL IRAQI BANKS ARE READY FOR THE NEW EXCHANGE RATE!!!".........F26
Submitting recommendations to the Economic Ministerial Council regarding sanctioned banks
3/29/2024 Baghdad - INA - Wissam Al-Mulla,
Chairman of the Securities Commission and Chairman of the Committee in charge of the Sanctioned Banks, Faisal Al-Haimas, confirmed today, Friday, the submission of recommendations to the Economic Ministerial Council regarding those banks.
Al-Haimas said in a statement to the Iraqi News Agency (INA): “Prime Minister Muhammad Shiaa Al-Sudani assigned him to head a committee to look into the sanctioned banks,” noting that “the recommendations were submitted to the Ministerial Economic Council more than three weeks ago.”
He added, "The committee is awaiting the approval of the recommendations by the Ministerial Economic Council," noting that "the committee stressed the necessity of launching development initiatives through government and private private banks to strengthen the Iraqi economy."
He pointed out that "the reasons for the delay in announcing the recommendations by the Council of Ministers are the existence of procedures and discussions between the Ministerial Economic Council and the Central Bank and other procedures." LINK
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Frank26: "THIS IS IMPOSSIBLE AT A PROGRAM RATE... OR IT WOULD'VE HAPPENED YEARS AGO!!!"...........F26
Signing an Iraqi-British agreement for joint cooperation in the stock market
3/26/2024
The Securities Commission announced, on Tuesday, the signing of a joint cooperation agreement with the British Chartered Institute for Securities, which includes the exchange of information related to financial training programs, confirming that the agreement represents a qualitative shift in the work of brokers in the stock market.
Deputy Chairman of the Securities Commission, Nagham Hussein, told Shafaq News Agency, “Today, the Iraqi Securities Commission signed a cooperation agreement with the British Chartered Institute for Securities and Investment, which stipulates the establishment of a framework for cooperation and exchange of information related to financial training programs for securities markets and services to develop and maintain capabilities.” HR".
She added, "The articles of the agreement include the possibility of organizing training courses for Iraqi cadres to benefit from the experiences of financial markets in countries around the world, and developing the professional framework by imposing the qualifications of the Chartered Institute for Securities and Investment on local Iraqi institutes specialized in the field of securities."
For his part, Chairman of the Securities Commission, Faisal Al-Haims, told Shafak, “The agreement has been worked on by the Securities Commission for about a year. The signing of an agreement in cooperation between the Securities Commission and the British Royal Institute in licensing the capital markets is a highly professional certificate recognized in all countries of the world.”
He pointed out that "this agreement represents a qualitative shift in the work of brokers in the stock market in terms of stimulating the financial performance of companies and their ability to add new skills, not in the Iraqi stock market, but in other markets, both regional and global." LINK
KTFA Friday Night CC: "FRANK26….3-29-24…….GOOD FRIDAY"
KTFA
Friday Night Conference Call
FRANK26….3-29-24…….GOOD FRIDAY
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Friday Night Conference Call
FRANK26….3-29-24…….GOOD FRIDAY
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA Wed. Night CC: "FRANK26…3-27-24….IQD UPDATE….UST…LET’S TRADE."
KTFA
Wednesday Night Conference Call
FRANK26…3-27-24….IQD UPDATE….UST…LET’S TRADE.
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE= IMPLEMENTATION
KTFA
Wednesday Night Conference Call
FRANK26…3-27-24….IQD UPDATE….UST…LET’S TRADE.
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE= IMPLEMENTATION
KTFA Monday Night CC: " FRANK26…..3-25-24….IQD UPDATES…….M.A."
KTFA
Monday Night Conference Call
FRANK26…..3-25-24….IQD UPDATES…….M.A.
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE= IMPLEMENTATION
KTFA
Monday Night Conference Call
FRANK26…..3-25-24….IQD UPDATES…….M.A.
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE= IMPLEMENTATION
KTFA Saturday Night CC: "FRANK26….3-23-24…..IQD UPDATE….CONTRACTS….LET’S TALK"
KTFA
Saturday Night Conference Call
FRANK26….3-23-24…..IQD UPDATE….CONTRACTS….LET’S TALK
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Saturday Night Conference Call
FRANK26….3-23-24…..IQD UPDATE….CONTRACTS….LET’S TALK
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA Wed. Night CC: " FRANK26…..3-20-24…..A MEETING"
KTFA
Wednesday Night Conference Call
FRANK26…..3-20-24…..A MEETING
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE= IMPLEMENTATION
KTFA
Wednesday Night Conference Call
FRANK26…..3-20-24…..A MEETING
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE= IMPLEMENTATION
KTFA Monday Night CC: " FRANK26……IQD UPDATE……3-18-24…..LET’S ROLL !!!"
KTFA
Monday Night Conference Call
FRANK26……IQD UPDATE……3-18-24…..LET’S ROLL !!!
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE= IMPLEMENTATION
KTFA
Monday Night Conference Call
FRANK26……IQD UPDATE……3-18-24…..LET’S ROLL !!!
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE= IMPLEMENTATION
Frank26: ""THE ONLY SOLUTION IS A NEW EXCHANGE RATE WITH LOWER NOTES."
KTFA:
Frank26: "THE ONLY SOLUTION IS A NEW EXCHANGE RATE WITH LOWER NOTES... AND THAT'S EXACTLY WHAT SUDANI & ALAQ ARE SAYING TO THE CITIZENS OF IRAQ!!!".........F26
An economist identifies the "ideal solution" to reduce the dollar difference between the official and the parallel
3/15/2024
The economic expert, Bassem Jamil Antoine, identified today, Thursday, the “ideal solution” to reduce the dollar difference between the official and parallel ones.
Antoine told {Al-Furat News} that: “There is clear stability in the dollar exchange rates, and the difference between the parallel and official rates does not decrease easily.”
KTFA:
Frank26: "THE ONLY SOLUTION IS A NEW EXCHANGE RATE WITH LOWER NOTES... AND THAT'S EXACTLY WHAT SUDANI & ALAQ ARE SAYING TO THE CITIZENS OF IRAQ!!!".........F26
An economist identifies the "ideal solution" to reduce the dollar difference between the official and the parallel
3/15/2024
The economic expert, Bassem Jamil Antoine, identified today, Thursday, the “ideal solution” to reduce the dollar difference between the official and parallel ones.
Antoine told {Al-Furat News} that: “There is clear stability in the dollar exchange rates, and the difference between the parallel and official rates does not decrease easily.”
He stressed "the need to establish quick, firm and convincing measures."
Antoine stated, "Reviving the spirit of support between merchants and citizens and providing goods in the country from the public sector is the ideal solution to reduce the difference between the official and parallel prices."
From: Raghad Dahham LINK
Frank26: "EVEN THOSE THAT WERE AGAINST THE MONETARY REFORM ARE NOW FORCED TO TELL THE TRUTH!!!"..........F26
After hosting the Governor... Parliamentary Finance: We look forward to raising the value of the dinar
March 14, 2024 Baghdad
Today, Thursday, the Parliamentary Finance Committee expressed its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market.
A statement stated, “The Finance Committee met under the chairmanship of Atwan Al-Atwani, in the presence of its members, with the Governor of the Central Bank, Ali Al-Alaq, to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”
At the beginning of the hosting, which was held at the committee’s headquarters, the Chairman of the Committee stressed “the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”
The Finance Committee expressed “its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, and to control the market in order to alleviate the burdens of citizens, and address the deficit.”
For his part, the Governor of the Central Bank reviewed “the economic and monetary aspect, pointing out” the establishment of basic rules in order to monitor the remittance process and analyze monetary operations, praising “the role played by the Finance Committee in following up on the country’s financial and economic movement.”
The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law.
Frnk26\ FAMILY... ALAQ IS ALSO TALKING ABOUT 1.32 & THE LOWER NOTES -F26) LINK
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Frank26: "KTFA FAMILY... BEHOLD... TODAY ALL THEY TALK ABOUT IS THE 1.32 & THE INTRODUCTION OF THE LOWER NOTES!!! FINALLY... THE SOUND HEARD AROUND THE WORLD!!!".............F26
Among them concerns the dinar... the outcomes of Parliament’s finance meeting with the Central Bank
03/14/2024 Baghdad
Today, Thursday, the Parliamentary Finance Committee expressed its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market.
The Media Department of the House of Representatives stated in a statement received by Al-Eqtisad News, “The Finance Committee met under the chairmanship of Atwan Al-Atwani, in the presence of its members, with the Governor of the Central Bank, Ali Al-Alaq, to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”
At the beginning of the hosting, which was held at the committee’s headquarters, the Chairman of the Committee stressed “the importance of following up on the economic file and monetary policy, based on the supervisory aspect, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”
The Finance Committee expressed its "aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, and to control the market in order to alleviate the burdens of citizens and address the deficit."
For his part, the Governor of the Central Bank reviewed “the economic and monetary aspect, pointing out” the establishment of basic rules in order to monitor the remittance process and analyze monetary operations, praising “the role played by the Finance Committee in following up on the country’s financial and economic movement.”
The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law. LINK
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Frank26: "THIS IS ALL THEY'RE TALKING ABOUT INSIDE OF IRAQ... ADDING VALUE TO THEIR CURRENCY!!!"........F26
Central Bank Governor: Establishing basic rules to monitor the remittance process
3/14/2024
The Governor of the Central Bank, Ali Al-Alaq, pointed out today, Thursday, the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.
The Media Department of the House of Representatives stated in a statement received by {Al-Furat News}, “The Finance Committee, headed by Atwan Al-Atwani and in the presence of its members, met with the Governor of the Central Bank, Ali Al-Alaq, to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”
Al-Atwani stressed, “at the beginning of the hosting session, which was held at the committee’s headquarters, the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”
The Finance Committee also expressed its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to alleviate the burdens of citizens, and address the deficit.
For his part, the Governor of the Central Bank reviewed the economic and monetary aspects, pointing out the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.
Al-Alaq praised "the role played by the Finance Committee in following up on the country's financial and economic movement."
The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law. LINK
Frank26: "BEFORE THE DC TRIP... THE CBI & THE US TREASURY HAVE AN UNDERSTANDING"..........F26
The Central Bank announces an understanding with the US Treasury to reconsider sanctions and indicates “illegal trade”
3/14/2024
On Thursday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, announced an understanding with the US Treasury Department to reconsider the sanctions imposed on Iraqi banks, indicating at the same time “illegal trade” that causes the stability of the dollar exchange rate.
Al-Alaq said during his stay in the Parliamentary Finance Committee, according to a statement received by Shafaq News Agency, that “basic rules have been established in order to monitor the process of external and internal transfers, attributing the instability of the exchange rate to the existence of illegal trade carried out by small merchants and some speculators, which is financed by withdrawing the dollar.” Cash from the market.
He added, "The foreign sanctions imposed on a large number of our local banks have hindered efforts and plans to open relationships and lines of communication with accredited international correspondent banks," pointing to "continuous meetings with the US Treasury, and an understanding was reached to reconsider the sanctions imposed on Iraqi banks, and that Such decisions should not be issued in the future except after discussing and informing the Central Bank of Iraq, as it is responsible for monitoring its activity.”
He explained, “We are currently coordinating with the relevant authorities regarding the implementation of the plan to regulate foreign trade,” noting that “the process of printing the local currency is carried out according to the required financial cover and in a way that balances the foreign and local currency and prevents any financial inflation.” LINK
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Frank26: "I AGREE WITH THIS... BECAUSE IN MY OPINION A NEW EXCHANGE RATE IS COMING IN THOSE DAYS.".........F26
Al-Kadhimi: We are waiting for the Council of Ministers to vote on the 2024 budget schedules and send them in the coming days
3/15/2024
Today, Friday, the Parliamentary Finance Committee commented on Finance Minister Taif Sami’s announcement that data related to the 2024 budget schedules would be sent to the Council of Ministers.
Committee member Moeen Al-Kadhimi explained, in a press statement, followed by NRT Arabia, that “the Ministry of Finance sending data on the 2024 budget tables to the Council of Ministers means that its mission has ended and we are waiting for the Council of Ministers to vote on these tables and send them within the next few days.”
Al-Kadhimi added, “The Council of Ministers will speed up sending these tables to the House of Representatives, and we in turn will have access to them, and some amendments may be made to them, if there are any observations, and we cannot view these data, except after they officially arrive from the Council of Ministers.” “After he approves it.”
Last Wednesday, the Minister of Finance, Taif Sami, announced the completion of data related to the 2024 budget tables, the inclusion of texts, and sending them to the Council of Ministers.
Sami said, “The data related to the 2024 budget tables has been completed, the texts have been included, and they have been sent to the Council of Ministers.”
She stressed that she "will not launch funding for the salaries of Kurdistan Region employees for the month of March until after resettlement, and I do not disagree with the decision of the Federal Court."
The Prime Minister, Muhammad Shiaa Al-Sudani, announced on February 20 that “the government is continuing to scrutinize the schedules for the 2024 budget, as the government carefully confronted the deficit within the 2023 budget.” LINK
KTFA Friday Night CC: "FRANK26….IQD UPDATE ….3-15-24…..AT 10:39 PM EST….."
KTFA
Friday Night Conference Call
FRANK26….IQD UPDATE ….3-15-24…..AT 10:39 PM EST…..
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Friday Night Conference Call
FRANK26….IQD UPDATE ….3-15-24…..AT 10:39 PM EST…..
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#