KFTA – Frank26: “”THE ONLY SOLUTION IS A NEW EXCHANGE RATE WITH LOWER NOTES.”

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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