Tues. PM KTFA Thoughts/News 11/20/18

by **Ssmith** Wed Nov 21, 2018 9:04 am

KTFA

DELTA » November 20th, 2018

Structuring of the currency: the Central Bank is preparing to delete 3 zeros from the Iraqi currency

Tuesday / 20 / November - 2018

London - Word: The Central Bank of Iraq details the project, "structuring the currency,"which aims to delete 3 zeros, to facilitate the circulation of currency.

The Director General of release safes Abdul Karim Hassan in remarks followed the word news website that " the restructuring of the currency project when he put the first time encountered many objections Vtogel to be raised again in 2014 and begin to apply it, but the emergence Daesh was a new reason to postpone it ."

Hassan explained that "the draft currency structure aims to delete three zeros to turn the category of a thousand dinars to one dinar, while replacing the thousand dinars in the place of one million dinars."

He pointed out that "the project allows the printing of new categories of dinar and half dinars down to deal with the bank."

He stressed that "the idea is integrated and there is a comprehensive study and the project does not need to apply," stressing that "this project must be implemented despite the obstacles that led to the postponement."

http://kalimaiq.com/contents/v.....ls?id=2535

Frank26 » November 20th, 2018

LOL.... I KNOW ....... RIGHT ? ............ WE KNOW !!! !!! !!! LOL

Iobey777 » November 20th, 2018

WOW!!!!!!!!!!BOOOM!!!!

ChrisC » November 20th, 2018

Article: The central Bank of Iraq, on Monday, unveiled the details of the "Currency structuring" project, which aims to eliminate 3 zeros, to facilitate currency trading.

I am reading this and it sure sounds like the 2nd article. Is it not? I am wondering if Trump has already been over there for a congratulatory photo op and maybe we wake up to this and an announcement of the new asset backed currency. What do you think?

Walkingstick » November 20th, 2018

US Treasury Secretary presses Adel Abdul Mahdi for Iran

- 3 Hours Ago

BAGHDAD - Iraqi Prime Minister Adel Abdul Mahdi received on Monday a phone call from US Treasury Secretary Stephen Manuchein, whose details were not disclosed, while sources said the US official wanted to be assured of Iraq's compliance with Iran's sanctions against Iran, putting Adel Abdul Mahdi under pressure. .

This comes at a time when Iraqi President Barham Saleh is trying to find alternatives on a Gulf tour that led him to Kuwait, the UAE and Saudi Arabia alongside Iran.

The US Treasury Department plays a pivotal role in pursuing sanctions against Iran, particularly with regard to the dollar smuggling movement and remittances with Tehran.

The US Treasury Department has a list of Iraqi individuals, agencies and banks that have been put under surveillance to prevent sanctions from being breached.

The Iraqi prime minister received a telephone call from Stephen Menuchin, the office said, adding that the US official stressed "the commitment of the United States and the Treasury to support Iraq and strengthen bilateral relations," stressing his desire to meet with the Iraqi prime minister.

The statement added that the communication witnessed "the promotion of cooperation between the two countries in various fields", while "the Prime Minister stressed the importance of continuing international support for Iraq."

But an official in the Iraqi government told the "Arabs" that "the American contact was aimed at reassuring the commitment of Iraq to implement the United States sanctions on Iran," adding that Abdul Mahdi confirmed to the US official that Iraq will not depart from the international consensus, but reiterated the need for Iraq to special treatment in The sanctions file on Iran.

Iraq will face a severe power crisis if the United States insists it stops importing electricity and fuel to run power plants from Iran.

In practice, Iraq relies on providing about a quarter of its electricity to Iran. But the United States gave Baghdad 45 days to stop dealing with Tehran in this area.

The Iraqi official said that "Abdel-Mahdi stressed during his telephone conversation with Menuchin on the need to extend this deadline until Iraq finds a substitute."

The US official did not provide a direct response to the Iraqi prime minister's request.

Iraqi President Barham Salih is on a regional tour that has so far included Kuwait, the United Arab Emirates, Iran and Saudi Arabia to discuss the possibility of a replacement for energy provided by Tehran.

Saudi Arabia and Kuwait have promised to finance the construction of electricity transmission networks to their borders with Iraq, with Iraq funding the part of its territory. But Baghdad does not have the funding it needs now.

Saleh tried to convince the Saudis to finance a soft loan to help Iraq build electricity transmission lines from the border to link them to the national network. No new findings were reported.

Iraqi officials fear the electricity shortage will trigger a new wave of popular protest next summer, after last summer's demonstrations, which developed in the south, to the burning of headquarters of local governments and major parties, as well as the Iranian consulate in Basra.

Commenting on the reference in the statement of the office of Abdul Mahdi on the desire of the US Treasury Secretary to meet with the Iraqi Prime Minister, observers expect a visit of a prominent American figure to Iraq soon.

Abdul Mahdi has vowed not to leave the country for any foreign mission before the completion of his Cabinet, which is based on the hypothesis that the possibility of a senior US official to visit Iraq.

An Iraqi political observer said the US might find it necessary to give Baghdad a special status in dealing with sanctions against Iran, in an effort to keep the new Iraqi government away from the tremors that could be caused by the return of popular protests as a result of power cuts or lack of food.

The observer pointed out in a statement to the "Arabs" that this may not be a convincing reason for the US agencies to continue the special situation, because it is the duty of the Iraqi government to look for convenient alternatives away Baghdad from the repercussions of the conflict between the United States and Iran.

It is not excluded that the difficult situation in Baghdad, the United States to work to convince Iraq's Gulf neighbors to cooperate with him in this thorny issue, in view of the financial deficit suffered by the Iraqi state, which means that the Gulf States bear the expenses of that cooperation either in the form of non-urgent debt or Donations.

He warned the observer that alternative measures encourage Baghdad to stop its cooperation with Tehran will face a violent rejection by the political currents loyal to Iran inside Iraq, pointing out that this is a complex problem will have to be faced within the House of Representatives and seeks to obtain approvals for his decisions to disengagement from the economy The Iranian.

http://rawabetcenter.com/archives/78017

Samson » November 20th, 2018

Learn about the new position of Haider Abadi

20th November, 2018

The leader of the stream of wisdom Fadi Shammari, on Tuesday, the election of the leader of the wisdom movement Ammar al-Hakim as head of the coalition of reform and reconstruction unanimously

Political sources told news sites that "the election of Hakim to head the reform strengthens the chances of Abadi in the post of Vice President of the Republic

She added that a preliminary agreement was made within the reform alliance, the nomination of former Prime Minister Haider al-Abadi for the post of Vice President of the Republic LINK

Minister of Finance: The new government platform focuses on developing the economy and services and fighting corruption

19th November, 2018 Appearing again today

Deputy Prime Minister for Economic Affairs and Finance Minister Fuad Hussein stressed that the new government's approach will focus heavily on combating corruption, developing the economic sector and providing services

The Minister of Finance, in a statement read by "Economy News", that the minister "received in his office the German ambassador in Baghdad, Cyril Nan," noting that "the ambassador, congratulated Fouad Hussein, on the occasion of his new duties and wishing him and the new government success and success

He pointed out that "the next phase will focus the government's efforts to develop plans for reconstruction and reconstruction and to develop the economic sector and the provision of services and employment opportunities

During the meeting, they reviewed the reality of trade and economic relations between the two countries and means of enhancing them and activating them in the interests of the two friendly peoples

The two sides discussed "the latest developments in the political situation in Iraq and steps to complete the formation of the new government

He stressed that "the new government's curriculum focuses heavily on the development of the economic sector and the provision of services and the fight against corruption," pointing out that "This requires the consolidation of the culture of acceptance of change and renewal and also requires the support of friends of Iraq through their expertise to develop the efficiency of workers, Long and professional in the management of its institutions

"We will support and encourage the private sector to take its role in strengthening the Iraqi economy in all its aspects, especially the banking system

For his part, the German ambassador noted that "Germany and the European Union are ready to provide full support to the government and people of Iraq in order to complete the building of its institutions and the consolidation of the democratic system in it LINK

Russia to start trade with Tehran in national currency

19th November, 2018

Russian Energy Minister said Moscow will start trade with Tehran in the national currency to sustain the two countries' cooperation.

In an interview with the Anatolian News Agency parts of which was published on Monday by the Russian media, including the state-run Tass news agency and official newspaper Rossiyskaya Gazeta, Alexander Novak pointed out that Russia would continue to cooperate with Iran despite the sanctions imposed by the US. 'We don't recognize unilateral sanctions by the United States against Iran without approval of the UN Security Council, “he asserted.
Noting that Russia will look for mechanisms for cooperation with Iran, the Russian Energy Minister said, 'One of these mechanisms is the pay for goods using national currencies.'

While commenting on dealings in the national currency between Iran and Russia, Novak, who is also head of the joint commission for economic and commercial cooperation between Iran and Russia, said, 'This measure provides a good opportunity for boosting cooperation with Iran.'

'The US sanctions against Iran is not new for anyone,' he said, adding, 'By 2015 (after which sanctions were cancelled) we would cooperate with Iran and develop economic and commercial cooperation with the country.' LINK

Abdul Mahdi, an official invitation to Putin to visit Iraq

20th November, 2018

Prime Minister Adel Abdul-Mahdi on Tuesday called on Russian President Vladimir Putin to visit Iraq

Russian Deputy Foreign Minister Mikhail Bogdanov and his accompanying delegation met in Baghdad on Friday with Russian President Vladimir Putin's special envoy to the Middle East and African countries

A statement issued by the media office of Abdul Mahdi said Bogdanov conveyed a message from Putin and Russian Prime Minister Dmitry Medvedev on strengthening relations between the two countries and congratulations to Abdul Mahdi to form a government,stressing Russia's support for Iraq in all fields

During the meeting, they discussed boosting bilateral cooperation in the fields of security, economy, trade, energy, investment, training and other fields, in addition to the situation in the region

The statement added that Bogdanov stressed Russia's keenness on the depth of relations with Iraq and joint coordination in various fields

"Our foreign policy is to have good relations with all countries and are keen to implement them," the statement quoted Abdul-Mahdi as saying

"Iraq is recovering and its role will be greater and more central in the region," he said

The statement concluded that Bogdanov had invited Putin to Abdul Mahdi to visit Russia while the latter gave an invitation to Putin to visit Iraq LINK