KTFA – News, Rumors and Opinions Sunday 10-15-2023



Clare:  An Iraqi traveler was arrested carrying an amount of money exceeding the permissible limit

10/14/2023   Baghdad – 

The Border Ports Authority announced today, Saturday, the arrest of an Iraqi traveler carrying an amount of money exceeding the permissible limit according to the instructions of the Central Bank of Iraq.

A statement by the authority, received by the Iraqi News Agency (INA), stated that “detachments from the Shalamcheh border crossing were able to arrest an Iraqi traveler in the passenger (arrival) hall and seized in his possession an amount of money exceeding the permissible limit according to the instructions of the Central Bank.”

He added, “The traveler was carrying an amount of 61 million and 950 thousand Iraqi dinars,” noting that “a committee was formed, a fundamental arrest report was organized, and the accused was referred to the Shalamcheh Customs Police Station to take appropriate legal measures against him.”  LINK

Clare:  Al-Sudani directs the implementation of financial obligations to complete customs automation and networking requirements


On Saturday, Prime Minister Muhammad Shiaa Al-Sudani directed the implementation of financial commitments to complete the requirements of the first phase of customs automation and networking.

This came while he chaired a meeting devoted to following up on the steps to automate customs and networking, in the presence of representatives of the United Nations Conference on Trade and Development (UNCTAD). According to a statement received by Shafaq News Agency, Al-Sudani reviewed a detailed report explaining the progress of work in implementing the first phase of implementing the global system for automating and modernizing customs (ASYCUDA), and the most prominent problems and challenges and ways to overcome them, leading to the implementation of the single window for foreign trade, through a comprehensive application of information technology, It contributes to unifying customs procedures, issuing electronic declarations, and exchanging data.

The Prime Minister directed the implementation of all financial obligations to complete the requirements of the first phase, and provide the infrastructure necessary for the success of the project.

He also directed the implementation of technical workshops to introduce this important project, which will support the government’s efforts in developing economic structures according to the foundations of integrity and transparency.

Al-Sudani stressed that the customs automation project is one of the most important axes of economic reform adopted by the government as part of the priorities of its government program, and is an important basis and starting point for implementing financial and banking reforms, in accordance with the government’s vision and approach to implementing real trade and combating corruption.   LINK


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

Frank26  [Iraq boots-on-the-ground report]  FIREFLY: The television is saying the oil and gas law is still with the government technical committees and is being reviewed.  FRANK:  See!  Where did I tell you the HCL is at?  In a little box in the top shelf of Sudani’s desk…It is being reviewed?  I agree, because it will require a new exchange rate.  What are they going to do pay you $0.30 a month?

Militia Man  Article: “Parliamentary Energy: Work is continuing towards passing the oil and gas law”    This is going to be a big deal and it needs the same thing everyone else needs and that is the international acceptable currency exchange rate. The way they are talking on this gives me the impression they are ready for the rate, so that they can discus, read and vote on it.  Who wouldn’t vote for it when it is for all Iraqi people. I am sure the priority is going to be toward a yes vote…A unanimous one at that!

Iran in BRICS: “Pariah” No More?

Lena Petrova: 10-15-2023

EU’s Biggest Economy Crashes: Middle East Crisis Confirms The Worst

Sean Foo:  10-15-2023

In a big twist of events, the German Government is forecasting a recession in 2023. As events in the Middle East get worse, Europe’s largest economy is facing another energy crisis which threatens to worsen the de-industrialization.

 Here’s why Germany is facing a historic economic crisis and why it might be the end of their industrial economic run.

Timestamps & Chapters:

0:00 Germany Admits Recession Coming

2:55 Industrial Crisis Getting Worse

 6:23 A New Energy Nightmare

9:38 Germany’s Economic Emergency

13:15 Deindustrialisation Tragedy