KFTA – Frank26 “Thoughts and Opinions” Wednesday 11-15-2023

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Frank26:  GREETINGS FAMILY,

I JUST WANTED TO SHARE SOMETHING WITH YOU IN MY OPINION IF I WAS THE CBI, I WOULD BE FOCUSING ON THE NEW EXCHANGE RATE AND THE NEW CURRENCY TO COME OUT TOGETHER.

WITH THAT SAID I WOULD LIKE TO SHARE MY OPINION, THAT SUDANI IS IN ERBIL WITH BARZANI, AND THEY ARE DEALING WITH THE LAST THREE PARAGRAPHS OF THE HCL. THEIR INTENT IS TO RELEASE IT VERY SOON

IF THAT IS THE CASE, THEN IN MY OPINION, THE NEW EXCHANGE RATE AND THE NEW LOWER NOTES SHOULD FOLLOW.

REMEMBER WHAT I’VE ALWAYS SAID, IN MY OPINION THE MOMENT YOU SEE THE HCL SECONDS LATER YOU WILL SEE THE NEW EXCHANGE RATE.

GOD BLESS YOU ALL…….FRANK26

Frank26:  “OVERTIME FOR THE REFORMS!!!”…………F26

The Minister of Finance directs the Accounting Department to continue working on Fridays and Saturdays until the end of the current year

11/14/2023  Baghdad – 

The Minister of Finance, Taif Sami, today, Tuesday, directed the Accounting Department to continue working on Fridays and Saturdays until the end of the current year.

The ministry said in a statement, a copy of which was received by Mawazine News, that “Minister of Finance, Taif Sami, directed the Accounting Department to continue official working hours on Fridays and Saturdays until the end of the current year.”

She added, “This came with the aim of accelerating the completion of financing procedures and the approaching end of the fiscal year.”   LINK

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Frank26:  “SUDANI & ALAQ ON THE MONETARY REFORM EDUCATION!!!”………..F26

A government source reveals a package of measures to address the difference in the exchange rate

11/14/2023

A government source revealed, today, Tuesday, a package of measures to address the difference in the exchange rate, noting that Prime Minister Muhammad Shiaa Al-Sudani directed the activation of a committee to hold serious discussions with the US Treasury Department regarding transfers.

The source explained, according to the official agency, that the package of measures included the following:

1- Organizing the import process and ensuring the entry of the largest number of merchants and importers to the foreign currency sales window by facilitating account opening procedures, deposit operations and other procedures related to issuing the importer’s identity, which would facilitate the requirements of (know your customer). ) for the category of merchants and importers.

2- The government and the Central Bank are conducting ongoing negotiations with the Iranian side to regulate trade between the two countries and make the best options regarding payment of dues and amounts, and discussions are taking place at a good pace.

3- The Prime Minister directed to work on a number of important projects to ensure that the poor and middle-income groups are not affected by the exchange rate difference, as the Ministries of Commerce and Health are working to import important materials and provide them in Iraqi dinars at stable prices, an example of which is the food basket project (supported by stable prices), the medicine basket and the basket. Construction and a basket of reserve materials for the transportation sector… some of which work began some time ago.

4- The government is now working on a project (an equal deal) to exchange trade and imports with some countries, such as China and India, and in their own currencies from the main trading partners of Iraq, such as India, China, and some neighboring countries.

5- The government is currently considering establishing a free zone to import materials and then market them to the private sector and ensure their delivery to the consumer at competitive prices and in the Iraqi dinar.

6- The government is currently studying a re-export project and there are important discussions in this regard.

7- The government issued a series of measures to develop electronic payment systems and reduce dependence on cash… and in the coming days a series of other decisions will be issued regarding the pricing and incentive policy for services provided through electronic payment.

8- The President directed the activation of a joint committee between the government, the central bank, and the private sector, under the supervision of his state office, to hold serious discussions with the US Treasury regarding transfers through the foreign currency selling window, and the committee began its meetings from now.

9- The government is holding ongoing discussions with the Central Bank of Iraq on a number of topics, including facilitating procedures related to Iraqi banks importing the dollar (cash). This process has already begun with some banks importing the dollar, and the process will expand to include other banks. Work is also underway to implement a contract. Agreements to supply the currencies of some countries to be provided through banks and banking companies to meet the needs of Iraqi tourists and pilgrims going to those countries without the dollar currency. LINK

Frank26:  “HALBOUSI YOU SHOULD HAVE WORKED WITH SUDANI… YOU DID NOT, GOOD-BYE.”……..F26

 Laith Al-Dulaimi’s lawyer: The Federal Court terminated Al-Halbousi’s membership in the House of Representatives

11/14/2023

The lawyer of the sacked MP, Laith Al-Dulaimi, reported on Tuesday that the Federal Court decided to terminate the membership of the Speaker of the Iraqi Parliament, Muhammad Al-Halbousi.

The lawyer stated in a video recording that the Federal Court considered the lawsuit filed by his client, Laith Al-Dulaimi, against Al-Halbousi.

He pointed out that the decision taken by the court included many paragraphs, which he described as “important and significant.”

The Speaker of the Iraqi Parliament, Muhammad al-Halbousi, issued a decision terminating the membership of MP Laith al-Dulaimi based on the latter’s resignation.

Al-Dulaimi announced his rejection of the decision to exclude him from the Iraqi Council of Representatives, which was taken by Council Speaker Muhammad al-Halbousi, while describing the decision as “illegal and arbitrary,” and called for deterring and confronting “dictatorship.”

It is noteworthy that Representative Laith Al-Dulaimi was a member of the “Taqaddum” party led by Al-Halbousi, and was nominated within the party’s ranks for the regions north of Baghdad in the last parliamentary elections that took place in October 2021.

On April 22, 2022, Al-Halbousi dismissed Al-Dulaimi from the Taqadum Party due to his “failure to adhere to the contexts and directives of the Taqadum Party leadership and his violation of the governing controls in the internal system.”

Last June, Representative Laith Al-Dulaimi returned again as a member of the Iraqi Parliament for the Sovereignty Alliance led by Khamis Al-Khanjar.

LINK

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 Al-Halbousi leaves the parliament session after the decision to terminate his membership in the House of Representatives

Baghdad 

The former Speaker of the House of Representatives, Muhammad Al-Halbousi, left the parliament session, scheduled to be held today, Tuesday, after a judicial decision was issued to terminate his membership. 

The Federal Supreme Court decided, earlier today, Tuesday, to terminate the membership of Muhammad Al-Halbousi, from the presidency of the House of Representatives.

The text of the decision stated: “On Tuesday 11/14/2023, the Federal Supreme Court considered the case No. 9/Federal/2023, and decided, in accordance with the ruling issued therein, to terminate the membership of the Speaker of the House of Representatives, Muhammad Rikan Al-Halbousi, and to terminate the membership of Representative Laith Mustafa Hammoud Al-Dulaimi, as of the date of issuance of the ruling.” On November 14, 2023, a final decision binding on all authorities.”   LINK