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 "We're at the Onset" - Sat. AM KTFA Thoughts, News w/ Frank26  4/28/18 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

"We're at the Onset" - Sat. AM KTFA Thoughts, News w/ Frank26 4/28/18

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 "We're at the Onset" - Sat. AM KTFA Thoughts, News w/ Frank26  4/28/18 Empty "We're at the Onset" - Sat. AM KTFA Thoughts, News w/ Frank26 4/28/18

Post by Ssmith on Sun Apr 29, 2018 8:09 am


Walkingstick » April 28th, 2018

In brief: We, are at the onset...

Educating, the Iraqis... will continue, during and after the fact.

Currency, Exchange Rate/s, Deposit/ Withdraw, ATM, Visa, Mastercard, Mobile Banking, Online Banking... etc:

Frank26 » April 28th, 2018

YES SIR ................ SO MUCH MORE !!! !!! !!! ........... OVERLOAD.

Manaolana3 » April 28th, 2018


Week in review based on our MCC (Monday CC) and articles:

-Turkmenistan provided a "Roadmap" and the CBI is following it to the letter, except the Turkmenistan revalued their currency and Iraq will reinstate theirs.

-CBI took an official position of their currency; 66 other currencies are being put on a level-playing field

-We must not have a myopic point-of-view; the rest of the world is coming on board for the suitable environment and financial inclusion is not only for Iraq, but for the international community of global investors, and businesses

-CBI and VISA International signed MOU

-Alak CBI and Iraqi banks total assets $200B

-CBI developed a system of payments and will launch mobile and electronic banking systems using IBAN

-Massive campaign underway during Financial Inclusion Week to educate the citizens and a broad spectrum of the Iraqi society, businesses, working class, women, entrepreneurs, students, college grads, etc.

All this, and much more...demonstrates Iraq's remarkable monetary reforms and economic progress in motion.

I'm certain there is much more going on behind the scenes, because they aren't hiding what they are doing.


Walkingstick » April 28th, 2018

Well stated.... Regards, WS

S.Josh » April 28th, 2018

Article: “Central and Visa World Sign Memorandum of Understanding” link

An MOU = A memorandum of understanding (MoU) is an agreement between two (bilateral) or more (multilateral) parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used in cases where parties either do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement. It is a more formal alternative to a gentlemen's agreement.

Sounds to me like, Visa said, "We'll sign this intent, but no COOKIES until you have a internationally recognized currency!"

Samson » April 28th, 2018

Holiday in the Kurdistan region this week

28th April, 2018

According to the annual schedule of official holidays headquarters by the Kurdistan Regional Government, one May Labor Day including

The next Tuesday will coincide with this occasion and will be an official holiday in all government departments and institutions in the Kurdistan Region LINK

Iraq disrupts 150 days a year, losing billions

28th April, 2018

The Iraqi economy suffers large financial losses due to official and non-official holidays, which suddenly recognize the need for security, political and religious necessities, despite the need to compensate for the severe deficit in the annual budget.

Iraq is at the forefront of the diversity of national and religious events in which public and private institutions are disrupted, where holidays and holidays are imposed for various reasons and are often controversial in the Iraqi society, which is considered to be disrupted by its interests. And that the state can not rise and develop this number of useless holidays, except for some occasions that require a holiday because of the symbolic responsibility of Iraqi society.

In comparison to some countries, Swedish citizens enjoy only nine official holidays a year, while in Germany they are between 10 and 13 days depending on the state, compared to 14 days in Spain. A member of the National Alliance Habib terminal that Iraq tops the first place in the world in the number of holidays, which are up to 150 days a year, and add to these events other sudden surprises, often imposed by security or political conditions.

According to studies, these losses caused depletion of the Iraqi economy. The loss is estimated to be about 30 million dollars during the seven days of the holidays, and the holidays are taken without compensation for working hours, which leads to a failure in fulfilling the obligations of the state towards its citizens. The delay due to wars and crises.

The economic expert, Haidar Daoud, confirms that the loss of a full month's holiday is estimated at more than one billion dollars, if the average salary of the employee is 500 dollars a month at the very least, and this is why we call on the legislators to find a suitable solution to invest time against salaries, The other one, which calls for a reduction in holidays, is a report issued by a United Nations organization that confirmed that the average Iraqi employee has an hour and a half hour during the 8-hour daily working hours

According to the Iraqi Ministry of Planning, the number of government employees in Iraq is 3.2 million. Last year, the government approved 50 official holidays in Iraq, including 32 days of religious holidays and one known as consensual.

The government announced the holiday for a whole week to be in line with the two communities. And other elections due to the elections, usually three to four days, including the elections of the parliament and local governments of the provinces, and the days of the army and police holidays, and leave calculated in memory of the occupation of Iraq, which the government is afraid of Matt escalate. LINK

Good news from the Rafidain Bank , state employees

28th April, 2018

Announced Rafidain Bank on Saturday, for the inclusion of all state departments staff who are settling their salaries at the bank 's personal advances.

The bank's information office said in its statement that all employees of the local state departments and institutions have agreed to pay their salaries to the bank with the advances it gives. He pointed out that the grant is made through the electronic card that the employee holds and issued by him exclusively, through which he receives his monthly salary. LINK

IBBC Spring Conference a Huge Success

27th April, 2018

The Iraq Britain Business Council (IBBC) held its annual Spring Conference at the Mansion House in London and a newly formatted second day forum for Iraqi and UK SMEs to discuss business opportunities at the Royal Overseas League on the 24th and 25th of April.

The event proved to be a huge success, with record attendances and expert speaker contribution fully captivating the positive and progressive forecast for Iraq in 2018. The Conference was chaired by Rasmi Al Jabri, Deputy Chairman and Iraq representative of IBBC, who’s significant standing in Iraq was fundamental to the success of the event.

The first day of the conference, entitled ‘Iraq: Building a diversified and modern economy’ was held at the Mansion House, home of the Lord Mayor of London and featured numerous Iraqi and UK politicians, industry experts, academics, government advisers and more. The day featured the newly incorporated roundtable discussions, which facilitated greater face time with industry experts and politicians and more in-depth discussions.

The main panel sessions focused on a wide range of sectors and industries to fully address the investment opportunities, need for diversification of the economy and progress of Iraq over the last year:

SESSION 1: Finance ‘Major projects – the criteria for and process of obtaining finance for projects in Iraq

SESSION 2: Technology ‘Developing Iraq’s digital economy’

SESSION 3: Energy and Industry ‘The need for locally available products and services – how two sectors can help diversify Iraq’s Economy’

SESSION 4: Education and Training ‘Developing human capital in Iraq’

A high-level delegation from the Government of Iraq was present, including H.E. Mohammed Shyaa Al-Sudani, Minister of Social Affairs & Acting Minister of Industry and Minerals, Mr Khadhem Al Hassani, Economic Advisor to the Prime Minister of Iraqand H.E. Dr Salih Husain Ali Al Tamimi, the Iraqi Ambassador to the UK, who were all invited to give opening addresses to IBBC Members and guests at the conference.

H.E. Dr Abdul Kariem Al Faisal, Chairman of the PM’s Advisory Commission and Mr Abbas Nasser, Legal Advisor to the Ministry of Transport and H.E. Nawzad Hadi, Governor of Erbil also attended the first day of the conference and held RoundTable discussions with IBBC Member representatives.

Several UK Government officials participated, including Baroness Nicholson of Winterbourne, The Prime Minister’s Trade Envoy to Iraq, Azerbaijan, Kazakhstan and Turkmenistan and IBBC President, Jonathan Wilks CMG, Her Majesty’s Ambassador to the Republic of Iraq and Baroness Fairhead CBE, Minister of State for Trade and Export Promotion, Department for International Trade, which demonstrates the continuing trend of increased bilateral trade and relations over the last few years between the UK & Iraq. LINK

Will Iraq cancel the loans of the Kuwait Conference ?

14:26 - 28/04/2018

The Committee on Economy and Investment parliamentary, Saturday, the reasons for the delay in the implementation of pledges of donor countries to Iraq within the Kuwait conference, noting that the government will abandon foreign borrowing in the event of continued high oil prices.

"The preoccupation of most politicians in the parliamentary elections, the rise in international oil prices and the increase in the cash reserves of Iraq, as well as the administrative and logistical matters that were not completed by the government caused delays in the implementation of the pledges," said Najeeb Najib, a member of the committee.

"If the world oil prices continue to rise, the government will abandon international loan offers pledged by donor countries at the Kuwait conference," Najib said.

"The government has not yet set up the land for foreign investment companies during the conference, delaying investment operations, as well as complex routine procedures," she said. "Donor countries have stipulated that the government should choose regions and companies in the implementation of its pledges on Iraq." LINK

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 "We're at the Onset" - Sat. AM KTFA Thoughts, News w/ Frank26  4/28/18 Empty Re: "We're at the Onset" - Sat. AM KTFA Thoughts, News w/ Frank26 4/28/18

Post by Ethel Biscuit on Sun Apr 29, 2018 1:49 pm

Manaolana3 wrote:I'm certain there is much more going on behind the scenes, because they aren't hiding what they are doing.

If they're not hiding what they're doing, then there's NOTHING going on "behind the scenes" you blithering idiot!
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