KFTA – Frank26 and Clare at KTFA “News and Views” Friday 12-2-9-2023



The Minister of Finance directs the completion of funds and depositing them in the accounts of the spending units of the ministries and governorates


Minister of Finance, Taif Sami: The continuation of the working hours of employees of the accounting and budget departments, the Central Bank of Iraq / the Department of Information Technology and Computers, and the branches of the Rafidain and Rasheed banks on the next Friday and Saturday, to complete the transfers for investment projects and include the salary differences and the associated transfers on current expenses, in addition to completing and releasing financing from…

It is accepted by the Accounting Department and deposited in the accounts of the spending units of ministries, governorates, and entities not affiliated with a ministry, in the branches of the relevant banks, including the Central Bank of Iraq.    LINK

Frank26:  “SO DO I !!!”…………….F26

Advisor to the Sudanese: We aspire to the end of the parallel market for the dollar in the coming days


The media advisor to Prime Minister Hisham Al-Rikabi announced that the government is committed to implementing the electronic payment decision in various ministries.

Al-Rikabi said in a tweet on the {X} website, “In the coming days, we have an ambition to reach the end of the parallel market for the dollar.”

It is noteworthy that the local markets have been witnessing a noticeable decline in the dollar exchange rate for days, as it fell for the first time in months to below 1,500 dinars per dollar.
Al-Rikabi said the day before yesterday that “the battle with the dollar is almost over,” referring to government measures to limit the rise of the currency in the parallel market and bring it close to the official rate at the Central Bank of 1,320 dinars to the dollar.  LINK



 The Sudanese advisor details the government measures to curb the dollar


The financial and economic advisor to the Prime Minister, Mazhar Muhammad Saleh, on Thursday, detailed the government measures that contributed to curbing the dollar’s momentum.

Saleh told {Al-Furat News} that: “Credit cards, with their high flexibility in use, have provided a direct role in providing easy payments in foreign currency for travel purposes.” 
He added, “The demand for foreign exchange was also met by withdrawing from citizens’ dollar accounts after banks were allowed to import dollars from foreign foreign markets in cash for this purpose.”

Saleh pointed to “trade regulation with neighboring Turkey to finance trade in the Turkish lira through solid banking channels,” considering all of these factors as “positive that have contained the noise of the illegal parallel exchange market.”

He continued, “In addition to the role of economic policy in enabling the state’s commercial arm to provide an additional commodity supply with stable prices, by adopting four additional baskets to provide basic commodities and market support supplies financed at the official exchange rate of 1,320 dinars per dollar.”

Saleh described this policy as “price defense that led to a decline in annual inflation growth to 3.7% currently, after that annual price growth was about 7% in the accounts at the beginning of the year.”

From: Raghad Dahham   LINK



 Al-Sudani: We will announce 10 new residential cities to reach 250-300 thousand housing units


The Prime Minister, Muhammad Shiaa Al-Sudani, announced today, Wednesday, that 10 residential cities in Iraq will soon be announced.

A statement from the Prime Minister’s Media Office stated, “Al-Sudani announced, this morning, the launch of work on the new Al-Jawahiri residential city project, in the Abu Ghraib district, west of the capital, Baghdad, one of the five new city projects that were announced as part of the government’s strategy to address the housing crisis.” and reduce overcrowding in major city centres.

The statement added, “This came during a ceremony held on the occasion, attended by a number of ministers, members of the new cities implementation team, and members of the family of the late great poet Muhammad Mahdi Al-Jawahiri, as well as representatives of the Chinese and Iraqi companies involved in the implementation.”

He stressed that “the government identified, from the beginning of its duties, the flaw in the housing crisis, and prepared thoughtful plans to address it, which included constructing integrated residential cities, not complexes, and choosing locations for them on the outskirts of Baghdad and the governorates, away from overcrowded areas.”

The statement continued, “The government announced 5 residential cities as a first phase, to be built in the capital, Baghdad, Babylon, Karbala, Nineveh, and Anbar, and later 10 new residential cities will be announced in other governorates.”

He pointed out, “The goal is to reach 250-300 thousand housing units, targeting the poor and middle classes. There will also be a commitment to housing unit prices to remain stable.”

Al-Sudani pointed out, “The New Al-Jawahiri City project will include, for the first time, 25% of the serviced lands, which the government will distribute among citizens according to mechanisms that will be approved.”  LINK

Clare:  A plan to use electronic payment in all government institutions in early 2024


The government media team confirmed today, Thursday, a trend to use the electronic payment process in all government institutions without exception early next year 2024, while issuing a warning to holders of electronic payment cards.

Lieutenant General Haider Majeed said, “Two days ago, the General Secretariat of the Council of Ministers issued circulars to official authorities, citizens, and employees who hold Qi, Master, and Visa cards (cards used in the electronic payment process), stressing the necessity and importance of being careful not to trade them or shop with them from anyone.” Unknown and unreliable sites or stores, and also do not hand over these cards to unknown persons or hand over their secret numbers in order to protect their money.”

Majeed added, “There is a government trend, early next year, 2024, towards using the electronic payment process in all government institutions without exception, in accordance with the decisions of the Council of Ministers issued and the directives of Prime Minister Muhammad Shiaa Al-Sudani.”

He stressed, “The main relevant authorities in the Ministry of Finance and the Central Bank, as well as banks, are working to urge citizens and institutions to automate the electronic payment process in coordination with officially approved electronic payment companies so that it will be a new cultural phenomenon used for the first time in Iraq in years.”   LINK