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  "We are Getting Close" - Sun. PM KTFA Thoughts, News w/ Frank26 4/7/18

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PostSubject: "We are Getting Close" - Sun. PM KTFA Thoughts, News w/ Frank26 4/7/18   Mon Apr 09, 2018 7:34 am

KTFA

Walpop » April 8th, 2018


Article: “Council of Baghdad : allocations of the capital of the budget of 2018 amounted to 85 billion dinars” LINK

Samson, wow what a great find, thanks for all your hard work. Frank it sounds like things are heating up.

Frank26 » April 8th, 2018

......................................... YUUUUUUUUUP

Walkingstick » April 8th, 2018

Urgent policy .. White House: Trump is talking by telephone with Abadi, the situation of Syria


S President Donald Trump has spoken with Iraqi Prime Minister Haider al-Abadi about the situation in Syria, the White House said Sunday evening.

He added that Trump and Abadi also discussed accelerating the campaign to defeat the remnants of the Islamic State Organization (Da'ash).

A statement by the Ebadi office said that the latter held a telephone conversation with US President Donald Trump on Sunday afternoon, praising a defeat by Iraqi forces and the support and assistance of the US-led coalition forces.

The two presidents also discussed the situation in the region and the developments in the situation in Syria and stressed the importance of ending the remnants of the gangs, urging the terrorists to prevent their spread again.

Abadi noted Iraq's vision for regional cooperation and coordination and its desire for balanced relations with all its neighbors, which will enhance security and stability for the region and the world.

The two presidents also stressed the importance of the success of the upcoming elections to complete the stage of construction and reconstruction.

http://www.shafaaq.com/ar/Ar_NewsReader/e939230f-a1fc-4e28-a6f1-947f7d138816

URGENT Abadi and Trump discuss Syria's developments and Iraqi elections
http://alforatnews.com/modules.....yid=162783

URGENT Abadi and Trump emphasize importance of success of upcoming elections
http://www.alliraqnews.com/mod.....ryid=72508

Abadi calls Trump and agree on the need for the success of the upcoming elections to complete the stage of construction and reconstruction
http://baghdadtoday.news/ar/ne.....%A7%D9%86-

MilitiaMan » April 8th, 2018

Lets look at this also. Abadi heads a meeting today to secure the Borders. That in part would have implications to currency flows in and out of country. There could be plenty of gang members looking to make some serious coin if at all possible by exploiting a weak border when the adjustment comes into full force. We now hear that the directive is for future re construction to begin in earnest.

That in one part of the Country, of there 2018 Budget there is an allocation of 15% of 85 Billion Dinars. That was the shot the borders heard in that meeting, imo. The Zeros are lifted. They are talking billions of Dinars not Trillions. Thus, being 1:1 from the looks of it in print. Keep in mind that armament deals are not cheap.. ~ MM

Samson » April 8th, 2018

The underlying reasons for the rise in the exchange rate of the Iraqi dinar in the parallel market


8th April, 2018

The monetary policy of the Central Bank of Iraq aims to find a monetary framework near the exchange rate of the dinar in the parallel market in a manner not far from the exchange rate of the official monetary policy and the difference is the natural difference of the homogenization of the money market and balance at a real rate of 2% approved globally not to spend in the long period.​The objective at the same time balance the exchange market in the inflection, which is sought by the monetary authority through the procedures and processes of monetary policy continued short-term. Factors and reasons that indicate today the rise of the dinar against the dollar (as sometimes called, lar in the Iraqi parallel market In the decentralized market or the decline of Aldo convergence rate of the dollar exchange rate parallel dinar with its price of the official window of the Central Bank of the majority) is mostly due to three main factors:

First, the ability of the central bank to meet the demand for foreign currency by Mazid or the window of the bank as a monetary policy and comfortably and disciplined, especially in the flexible application of the standards of banking compliance and the second, are speculative speculators optimistic value of the dinar, which is indicated by increasing the value of proceeds of oil sales in foreign currency and rising and achieving The current account surplus of 25 percent was accompanied by the suspension of the government's borrowing from the central bank in the dinar, which increased its balance due to the intensification of the financial crisis.

(Ie, stop betting on the policy of 2014 trillion dinars since the year to monetize the debt or finance the budget deficit in the issuance of cash), which was adopted during the years of the financial crisis to finance the deficit in public budgets because of shrinking cash flows of the budget. The dinar remained on the tools of monetary policy on demand for the foreign currency represented

The surplus, at the time, is pushing much of the ongoing demand for foreign currency reserves. Although the central bank used the policy of sterilization of the dinar and control of domestic liquidity levels through the dollar window, the bank was forced to exercise tight scrutiny and its relative reserves of dollar sales decreased from the central window of the foreign currency, which led to the monetary authority facing a phenomenon of multiple exchange rates . Ie face the phenomenon of two different rates of exchange because of addressing the suspicions of money laundering and cut any financial extension to finance terrorism after the occupation of some provinces by terrorism Da'ashi.

It has led to two exchange rates, one of which is fixed and the other is counter-cyclical, that would push the latter towards the dollar's appreciation for several months during the financial crisis. The third factor, which is the most important in the cash market, which has influenced but is different and superior this time, the stability of the exchange market in its impact completely comes from the impact of the function of monetary demand on the dinar or change the structure of the behavior of thousands in demand for cash in dinars.

The rise in the monetary demand from the effect of the rational expectations factor in the dinar holders raises the real interest rate signal in which the nominal interest rate surpassed the inflation rates (ie, the rise in nominal nominal interest to be higher than the annual inflation over the past three years).

The real interest and expectations for the transfer of the monetary demand function were structural and increased from the behavior of the monetary demand on the dinar. It should be noted that the annual inflation in the range did not increase by 1%, for nominal interest on savings deposits in banks in the organized market, The interest rate of monetary policy, which has also touched 6 percent annually, is more than one percent per year, while nominal interest in the informal money market has exceeded unprecedented levels of one percent (in the wave of so-called 180-currency traders to touch an annualized rate of money).

All these factors, including the increase in the demand for the dinar in the Kurdistan region and the liberated governorates, have contributed to the high exchange rate of the dinar in the market. The dollar has come close to the official central price in a price homogeneity that has not been seen in the country for many months.

The Central Bank of Iraq to defend the stability of the exchange rate and stay constant in the continuation of the monetary behavior of individuals and their positive expectations on the strength of the Iraqi dinar, the stability of Saaralpr (reflected by the similarity between exchange rates in the two markets mentioned) may continue indefinitely. ​

In conclusion, in a society of monetary aggregation, there is a high rate of economic stagnation, which is politicized. Liquidity The rate of growth in monetary demand continues to outperform the real money supply growth, which can be called "liquidity trap". The impact of higher interest rates has opened up. The liquidity trap coincides with the stagnation of demand in real commodity markets represented by rising stocks satisfying a three-year real-time demand for durable goods.

It is worth mentioning that all these factors have been reflected and overlapped (including the rational application of banking compliance in the legitimacy of the demand for foreign currency conversion by the monetary authority on its customers) leading to a decline in the dollar exchange rate in the parallel market to close to the official central rate of disbursement in The time of the increase of the foreign reserve of the Central Bank, which 51 exceeded the needs of the country for more than one billion and currently covers the months of Esteradip 9 billion Duo Esteradip in the expression of the accumulation of reserves 3 exceeds the standard standard of monetary policy in maintaining stability and maintaining power No matter what form of success, foreign cash income. LINK

Don961 » April 8th, 2018

Thank you sam .... same article in pdf form appears on the economists network site here : link

Some additional highlights/comments ... imo

"The surplus, at the time, is pushing much of the ongoing demand for foreign currency reserves. Although the central bank used the policy of sterilization of the dinar and control of domestic liquidity levels through the dollar window, the bank was forced to exercise tight scrutiny and its relative reserves of dollar sales decreased from the central window of the foreign currency, which led to the monetary authority facing a phenomenon of multiple exchange rates . Ie face the phenomenon of two different rates of exchange because of addressing the suspicions of money laundering "

"It has led to two exchange rates, one of which is fixed and the other is counter-cyclical, that would push the latter towards the dollar's appreciation for several months during the financial crisis."

All these factors, including the increase in the demand for the dinar in the Kurdistan region and the liberated governorates, have contributed to the high exchange rate of the dinar in the market. The dollar has come close to the official central price in a price homogeneity that has not been seen in the country for many months. The Central Bank of Iraq to defend the stability of the exchange rate and stay constant in the continuation of the monetary behavior of individuals and their positive expectations on the strength of the Iraqi dinar, the stability of Saaralpr (reflected by the similarity between exchange rates in the two markets mentioned ) may continue indefinitely "....

( dollar price homogenous with dinar price in the parallel market .... may continue indefinitely ,,, as in 2% compliance ... nice)

and the final paragraph :

"It is worth mentioning that all these factors have been reflected and overlapped (including the rational application of banking compliance in the legitimacy of the demand for foreign currency conversion by the monetary authority on its customers) leading to a decline in the dollar exchange rate in the parallel market to close to the official central rate of disbursement in The time of the increase of the foreign reserve of the Central Bank, which 51 exceeded the needs of the country for more than one billion and currently covers the months of Esteradip 9 billion Duo Esteradip in the expression of the accumulation of reserves 3 exceeds the standard standard of monetary policy in maintaining stability and maintaining power No matter what form of success, foreign cash income

( reiterating ,,, the dollar exchange rate in the parallel market is close and closing in on the official CBI rate ... = 2% compliance .... reduced mcp ... imo )

Frank26 » April 8th, 2018

SMILE................... WALKINGSTICK

Walkingstick » April 8th, 2018

Yep .... how ya like me now?

MilitiaMan » April 8th, 2018

I would say I am liking a lot!! This all fits with the articles of recent.. imo ~ MM

"Then he said they have closed the Gap Between the Official rate and the Market rate. This means they are 2% compliant. They used a tool Called Article 8! The only way they could do that was with Article 8! Abadi promised he would lift the restrictions on the exchange rate. The evidence is there... It is in the articles." ~ iho ~ Frank26

Samson » April 8th, 2018

Council of Baghdad : allocations of the capital of the budget of 2018 amounted to 85 billion dinars

And on the disruption of the official day of tomorrow, which falls on the day of the fall of the tyrant, Farhan, that "there is no intention to disrupt the official time in the capital

indicating that the federal government promised to launch allocations in the coming days to begin the reconstruction of the regions. LINK

Iobey777 » April 8th, 2018

(isn't this what we were looking for?) IMO..this looks promising!

Onoislandlife » April 8th, 2018

Wow! Billions, you say?!!!

Moparman » April 8th, 2018

Holy smokes, this could be Huuuuuuuge!!!!!

Get1Later » April 8th, 2018

With a SPANKIN' Brand New Rate OR with the "Same Ole' Same Ole' " Program Rate......

Rafidain Bank announces the approach of the official departments on salaries of employees

April 8, 2018

Rafidain Bank, on Sunday, approached the ministries and official state institutions to settle the salaries of their employees electronically.

A statement issued by the Information Office of the bank on April 8, 2018 that “was addressed to the departments of the state, which has financial accounts at the bank to settle the salaries of their employees electronically and receive their monthly salaries via e-card instead of manual criticism.”

The settlement of the salaries of the bank has several advantages, including the granting of state employees advances and loans and other banking services.
http://en.economiciraq.com/201.....employees/

2Cents » April 8th, 2018

IMO.......The news is all POSITIVE this morning just as I predicted yesterday but some took as NEGATIVE......We are getting close.......34 days to elections and I STRONGLY believe we will see a "full" RI within that time.....

Bluedog » April 8th, 2018

IRAQ IS STACKING UP SIGNED CONTRACTS FOR SURE AT WHAT RATE AND CONDITIONS CONTRACTS SIGNED MUST BE NOT PR RATE ............ INVESTORS WOULD HOLD OUT TO SEE WHATS GOING TO TRANSPIRE RIGHT !!!!! OR HAVE THEY KNOWN IN SIDE BARS IMO

The increasing dependence of the Iraqi government on international companies to develop the oil industry

Mustafa Al - Obaidi

Apr 07, 2018

BAGHDAD - The Iraqi government aims to increase exports of crude oil in the future and reduce the import of oil and gas derivatives by encouraging investments in oil and gas projects and signing more contracts with specialized international companies to explore new oil and gas fields and invest the existing oil refineries.

The Iraqi cabinet approved a plan last week to increase the country's crude oil production capacity to 6.5 million bpd by 2022. Prime Minister Haider al-Abadi, during his visit to Tokyo in early April, The Japanese investment in the oil sector, where he received the President of the Japanese company Gabicis Heidechi Okada and the accompanying delegation, and discussed with him investments in the oil sector, especially in the province of Nasiriyah and increase to 4.5 billion dollars, which will provide jobs for citizens in the province, in addition to the establishment of training centers and development Experience Iraq.

This came in conjunction with the announcement of the Iraqi Oil Ministry, «The rate of oil exports and revenues achieved for the month of March last, amounted to more than 107 million 50 thousand barrels, with revenues of more than 6 billion and 418 million dollars», indicating that «the daily average of exports amounted to 3 million And 453 thousand barrels and the average price per barrel about 60 dollars. These statistics do not include the export of Kirkuk fields in northern Iraq, which exceeds 250 thousand barrels per day ».

Iraq's oil minister, Jabbar al-Luaibi, said last January that Iraq's current production capacity was close to five million bpd.

The Iraqi Oil Ministry is currently moving on several tracks, including developing the export capacity of crude oil and gas, increasing the newly discovered fields, and putting several oil refineries for investment and development, in addition to increasing the investment of gas associated with the extracted oil to reduce the importer.

In the context, the Ministry of Oil held a promotional conference in Baghdad aims to put 11 areas of exploratory border for development and rehabilitation under renewed service contracts, located on the border between Iraq and Iran and Kuwait in addition to a patch of sea on the Arabian Gulf.

Undersecretary for Extractive Affairs Karim Hattab said that the exploratory placards offered by the ministry for development and rehabilitation included the border exploration pits with Kuwait, namely Khader al-May, al-Sannam, al-Faw, and al-Qarqat areas on the Gulf. For the exploratory patches with Iran, the sands included Sindbad, Hawizah, Shehabi, Zarbatiya, In the province of Diyala are Kalabat and Khashm al-Ahmar.

The Director General of the Department of Contracts and Petroleum Licenses, Abdul-Mahdi Al-Amidi, said that the ministry presented a detailed presentation to the qualified companies that bought the information bags, explaining the basic features of the contract and the amendments that have taken place, adding that the wording of the contracts will be "service contract with minor modifications to it" For the presentation of the technical information of the aforementioned border exploratory patches.

The number of international companies that bought the bags of information 13 companies in addition to three companies announced their intention to buy the information bag to become 16 companies competing for the development and rehabilitation of the patches of the 26 companies eligible to participate in the competition carrying different nationalities, including two Arab companies. The companies are supposed to submit bids to the ministry on April 15.

Contracts with international companies

In order to benefit from the global experience, Iraq recently signed several new contracts with international companies to process the natural gas associated with the process of extracting crude oil as part of efforts to end this phenomenon by 2021.

The Ministry of Oil has signed a contract with the «Baker Hughes» and « General Electric to deal with the natural gas associated with crude oil extracted from the fields of Nasiriyah and Gharraf in the south of the country.

"The contract is one of the important contracts in the field of gas investment, and there are many contracts for gas investment in other provinces," Oil Minister Jabbar al-Allaibi said, stressing the need to build and build housing complexes for workers in the oil sector.

The minister said that this contract represents an important addition to the gas sector in the province of Dhi Qar in particular and for Iraq in general, and investment rates of the two fields will reach more than 200 million standard cubic feet of gas per day, through the development using the latest equipment and advanced technology and advanced in the world, Adding that the project will also provide more than 1,000 tons per day of liquid gas and more than 900 cubic meters of condensate, as well as providing more than 500 jobs.

Iraq signed another gas treatment contract with US company Orion in January.

He also received Oil Minister Jabbar Ali Al-Allaibi, director of Shell in Iraq Marcos Antonini, and his accompanying delegation, and discussed with him the development of the gas sector in the country. The minister said his ministry looks forward to enhancing cooperation opportunities and developing work with Shell to develop the gas industry.

The Ministry of Oil also discussed with the delegation of the Korean company Kokaz ways to enhance joint cooperation to develop the gas sector in Iraq, the steps taken by the company and the arrangements made to resume work in Akkas field, stressing the importance of creating the right environment for work.

In the same context, the Libyan Minister of Oil received the President of the Chinese company "Genghua" Lu Yigiang, and the accompanying delegation, and discussed ways to enhance joint cooperation and development field in eastern Baghdad.

According to World Bank estimates, Iraq is losing the gas associated with the extraction of oil, revenues estimated at 2.5 billion dollars annually, which are sufficient to meet most of the shortage of gas required to operate power plants.

Rehabilitation of destroyed fields

The Ministry of Oil cadres are making efforts to rehabilitate and repair the oil fields and their facilities in the areas liberated from the organization «Daash».

The Libyan Minister of Oil announced that the national efforts resulted in the rehabilitation and completion of the first phase at a time and record time for the oil field of Ajil, after this field was subjected to sabotage and mass destruction by terrorist gangs, where the volume of destruction of facilities and pipelines, pumping stations and generation to large proportions, As well as the destruction and burning of a number of oil and gas wells.

He pointed out to the start of experimental operation of the field after the completion of the rehabilitation and linking of a number of oil wells and start production operations at rates ranging from 5000 barrels per day up to 17000 thousand barrels.

The Minister of Oil, said that the efforts of his ministry employees resulted in the production of gas from the field of Ajil to more than 100 million standard cubic feet per day and directly equip the North Gas Company in quantities required to add a new capacity of gas to national production.

In the framework of increasing the production of oil derivatives, the Ministry of Oil announced the achievement of new achievements in the liquidation sector and access to production capacity of the Chinese refinery in Salahuddin to 30 thousand barrels per day after the rehabilitation of a new unit in the refinery, as well as access to production capacity of modern refinery to 20 thousand barrels per day After the completion and rehabilitation of a new unit by the employees of the North Refineries Company and its backers, praising the national efforts that achieved a lot, despite the challenges and difficult circumstances.

The Ministry of Oil has also put forward a number of refineries for investment and development, including an investment refinery in Wasit Governorate / Kut with a capacity of 100,000 barrels per day, an investment refinery in Diwaniyah province of 70,000 barrels / day, Day, in addition to direct the project Maysan investment refinery, a capacity of 150 thousand barrels per day, which is important projects and works with modern technology.

Many economists, including objections to the policy of the Iraqi government to sign contracts with international oil companies to invest in oil fields and facilities or development.

The most prominent objections that these contracts bear the current and future governments, huge debt burdens for the benefit of international companies due to service contracts for oil installations, and that the Iraqi Oil Ministry, run by the Shiite alliance, is unique to draw oil policy and contracting with international companies amid a political environment controlled by corruption,

The lack of reliance on Iraqi cadres and expertise in this vital industry, and the timing of signing contracts with the end of the period of the House of Representatives and the lack of audit, raises many reservations and fear of mortgage the most important wealth in Iraq, which is the second country in the production of the Organization You, however, international companies and whales corruption.

http://www.alquds.co.uk/?p=912396
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PostSubject: Re: "We are Getting Close" - Sun. PM KTFA Thoughts, News w/ Frank26 4/7/18   Mon Apr 09, 2018 8:41 pm

Much blah. blah. blah, even more misinterpretation.

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