KTFA – More News, Rumors and Opinions Wednesday Afternoon 3-13-2024


Clare:  A call from the Article 140 Committee in Basra: Come to El Geneina to receive your dues

3/13/2024  Al-Geneina (Basra) 964

Today, Wednesday, the Basra Office for Article 140 invited citizens benefiting from Package 1 to Package 21 to come to the office building in Al-Geneina in central Basra for the purpose of receiving the instruments for receiving their entitlements.

Dhikra Al-Taie – Director of Implementation of Article 140 in Basra, for the 964 Network :

We launched a call to beneficiary citizens to come to the Article 140 Basra office for the purpose of signing written pledges before receiving the instrument of the amount disbursed to them.

There is concern from some citizens about the annual update we conduct on people who have not received the checks, but we conduct it to ensure the rights of everyone.

Updating the information is important in order to ensure that the person has not died, and if he is deceased, his family members must bring a legal certificate to guarantee their full rights, or in the event of a divorce, bring a divorce document in order to guarantee the beneficiary or beneficiary.

There is great momentum in the transactions of those included in Article 140, and there are some transactions that have been promoted for 5 years.  LINK

Clare:  An independent representative stresses the need to legislate the oil and gas law



Member of the Parliamentary Oil and Gas Committee, Independent Representative Nazem Al-Shibli, stressed today, Wednesday, the necessity of passing the oil and gas law.

Al-Shibli told Al-Maalouma, “The oil and gas law is the only solution to solve the outstanding problems between the federal government and the Kurdistan region, and its legislation will resolve all disputes between the two parties.”

He added, “The House of Representatives has completed all sections of the law, but the government has amendments and comments on some paragraphs of the prepared law.”

He pointed out “the difficulty of resolving the problems with the region without the oil and gas law,” noting that “11 amendments were made to the law.”

Since the first session of the Iraqi Council of Representatives, in 2005, the draft oil and gas law has remained locked away, as disagreements prevent its approval in its final form.

After 18 years ,he announced the formation of a committee to develop “a draft of the oil and gas law and present it to the government and the House of Representatives, according to what MP Firas Al-Muslimaoui revealed.

The representative stressed that “there is a real will in the House of Representatives to legislate the law.

Iraq exports an average of 3.3 million barrels of crude oil per day, and black gold constitutes more than 90 percent of the Iraqi treasury’s resources.”  LINK


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

Paulette  This is clearly what the article said… They are weighing changing the rate from 1,320 dinars per dollar to 1.32 dinars per dollar.  This is clearly 76 cents to 1 IQD…Currently the rate is 1,320 IQD to 1 USD.   Looking it at the other way, this is 0.0007575 USD to 1 IQD.  If they drop 1 zero from the exchange rate: 132.0 IQD to 1 USD or 0.007575 USD to 1 IQD.  If they drop 2 zeros:  13.2 IQD to 1 USD or 0.07575 USD to 1 IQD.  If they drop 3 zeros:  1.32 IQD to 1 USD or .7575 USD to 1 IQD.  Therefore, 1.32 IQD to 1 USD is 76 cents to each IQD.   What we want to see posted on the CBI website as to how many IQD are required to purchase 1 USD is 1.00 or less.  If they post 3.22 IQD to 1 USD, this would mean 31 cents per 1 IQD.  We want them to post .31 IQD to 1 USD which is then 3.22 USD to 1 IQD.  Realize, they post how many IQD it takes to purchase 1 of another currency.

Frank26  We were looking for 1,200 or 1,000 [to 1 USD] but I don’t think we’re going to see it…We haven’t seen a single pip movement …It’s possible they may be looking at $1.10, $1.20 or $1.30…Let’s see where they enter the basket.  I’d love for them enter at 1320 because that means we’re ready.  I don’t think there’s any more preparation is required…I believe they have the potential to cap it at about $4.25 [in the float].

Delegation visit Iraq

Nader:  3-13-2024



Greg Mannarino:  3-13-2024