KFTA – More News, Rumors and Opinions Monday Afternoon 12-4-2023


Clare:  Government advisor: The value of contracts to establish factories inside Iraq amounted to $9 billion

12/4/2023   Baghdad

Advisor to the Prime Minister for Industry Affairs, Hamoudi Al-Lami, confirmed that the value of contracts to establish factories inside Iraq amounted to $9 billion

Al-Lami said that Iraq announced 90 investment opportunities in the industrial sector, and we have begun receiving a number of offers, indicating that these opportunities are possible, if they are turned into contracts, that will develop the industrial sector and their impact will be great. 

He pointed out that Iraq signed a contract to establish a nitric fertilizer factory with a capacity of one million tons annually, and a sulfur production factory with a capacity of 100 million tons annually, noting that the number of contracts signed by Iraq in the industrial sector amounts to 9 billion dollars.   LINK

Clare:  Finance issues a clarification regarding the selection of Ernst & Young to review its data


 Today, Monday, the Ministry of Finance issued a clarification regarding the selection of Ernst & Young to review its data.

The Ministry said in a statement received by {Al-Furat News}, “The media and social networking sites have recently covered topics related to the reasons for the Ministry of Finance choosing the international auditing firm Ernst & Young (EY) to review its financial statements, as a first step within the efforts to correct and evaluate the financial policy, which is compatible with… Adoptions of the Iraqi government’s reform program.

She added, “Ernst & Young (EY) is one of the largest and leading professional services companies in the world with more than 700 locations in 150 countries. It was founded in 1903 and has been operating in Iraq since 1923, for nearly 100 years,” explaining that “Ernst & Young demonstrated a firm commitment to Iraq by reopening its office in Baghdad in 2004. The Baghdad office works fully with the global network of Ernst & Young offices around the world, and in 2008 the company opened its offices in Erbil and Basra to serve Iraq in the northern and southern regions of Iraq.” .

She stated that she “has worked with this company since the year 2004 to date on a number of projects, the most important of which was the project to settle Iraqi foreign debts, in addition to other projects of importance.

The company is also currently working, since 2004, with a number of ministries such as the Ministry of Oil, the Office of Financial Supervision, and the Ministry of Reconstruction and Housing, the Ministry of Planning, the Media and Communications Authority and all ministries with regard to auditing the Development Fund for Iraq, in addition to other financial institutions in Iraq, the most important of which is the Central Bank of Iraq, as the company audited the financial statements of the Central Bank of Iraq for more than 13 years, as well as the Trade Bank of Iraq for a number of years. “.

She stressed that “the company has provided our ministries and governmental and financial institutions with a large number of experts, specialists, consultants and leading methodologies in several fields and of different nationalities, who have contributed to developing the competencies of government sector employees in Iraq, and the company is still continuing in this role,”

Explaining that “the company has worked since the year 2004 with Al-Rafidain and Al-Rashid Banks and the Central Bank of Iraq, regarding the project to settle Iraqi foreign debts and a number of other projects, such as supervising the implementation of the comprehensive banking system, auditing the work of electronic payment companies, a project to analyze the gaps in all operations of Al-Rafidain and Al-Rasheed Banks, and auditing the data of Al-Rafidain and Al-Rasheed Banks for the years 2006 and 2014 in accordance with International Accounting Standards (IFRS), which contributed to increasing the company’s knowledge and understanding of the Iraqi financial and banking sector.”

She stated that “the company worked to develop banks, which includes the optimal use of financial, human and technical resources, moving from paper work to possible work, electronic dealing with all banking activities, developing a comprehensive vision for banks in granting credit facilities and loans, and developing work mechanisms, including control and oversight tools.” “.   LINK


Courtesy of Dinar Guru   https://www.dinarguru.com/

Frank26   Question:  ‘Is it December for Iraq or for international as well?‘  [Frank’s current timeline for the RI is before 2024]  Both, because the citizens will be receiving their purchasing power and the currency will then start to go outside the border in international trade and start to climb in value.

Militia Man   Article:  “It’s time for the Iraqi economy to be linked to the global economic cycle.  Al-Sudani stresses the government’s endeavors to achieve an industry that exports its product outside Iraq.”  That’s exactly what we need.  Everybody knows Iraq has been an import country and they’ve been using oil as a revenue stream.  Now they’re going to go from a rentier oil industry to a non-oil revenue stream country…You have the industrial cities, liquid natural gas, tourism, agriculture…Iraq is filthy with minerals.

IMPORTANT UPDATES. Markets, Gold, Silver, Central Banks, Bitcoin, New System, MORE!

Greg Mannarino:  12-4-2023


Central Banks Are a Scam & People Are Waking Up to It, Argentina Kicks Off New Trend: Cory Klippsten

Kitco News:  12-4-2023

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Cory Klippsten, CEO of Swan Bitcoin, who discusses Argentina electing its first Libertarian President, Javier Milei, on the promise of shutting down the country’s central bank.

Klippsten discusses the chances of Argentina adopting Bitcoin as a legal tender, with Milei being decidedly pro-Bitcoin.

 He also describes Bitcoin as the sixth technological revolution and explains the impact of Bitcoin on the world’s monetary policy in 50 years.

Watch Part 1 of the interview here: https://www.youtube.com/watch?v=vFc1BsOdjis&t=0s

00:00 – Intro: Argentina and Javier Milei’s Campaign Promises

 02:29 – New trend: Central banks are a scam

07:02 – The Path to Dollarization and Its Challenges

 09:33 – Bitcoin’s Role in Argentina’s Future

 12:33 – Argentina’s Global Standing and BRICS Membership

16:53 – Bitcoin as a Global Currency Standard

22:29 – Bitcoin’s Technological Revolution and Adoption Timeline

28:32 – Swan