KTFA UPDATE, for JUNE 20

by **Ponee** Sat Jun 20, 2020 9:37 pm

KTFA:

USmcret22: Is this a WOW, It sure sounds like it is...Paying in DINARS!

Keith: It’s gonna be hard to do with a program rate and the liquidity crisis ongoing .

Samson: Tehran: Iraq pays Iran's dues in dinar

09:40 - 20/06/2020

The head of the Iranian-Iraqi Chamber of Commerce Yahya Al-Ishaq announced that, according to a bilateral understanding, Baghdad will pay Tehran’s dues in the Iraqi dinar.

Al-Ishaq said that the two sides agreed to pay Tehran’s dues in various currencies, especially the dinar, and that the Iraqi side expressed full preparedness in this aspect.

He pointed out that Iran's exports to this neighboring country ranged between 8 to 12 billion dollars annually, part of which belongs to the Ministry of Energy, and although oil constitutes the majority of Iraqi exports and is denominated in dollars, America has imposed restrictions on Iraq with regard to dollar transfers.

The Ishaq family, however, added that the Iraqi dinar is not among the international currencies that can be bought anywhere, in exchange, foreign currency must be provided for Iran's import of basic commodities, especially medical medicines.

He indicated that the dinar currency will be granted to activists who can import basic commodities such as medicines and raw materials into the country, as licenses will be given to financial institutions, money changers and activists who can transfer the dinar and replace it with other currencies to cover imports.

He pointed out that engineering goods and services account for 90 percent of the $ 12 billion in Iranian exports to the neighboring country. LINK

Samson: Parliamentary finance reveals the theft of 190 billion dinars from one port per month

17:55 - 20/06/2020

The Parliamentary Finance Committee revealed, on Saturday, the theft of 190 billion dinars per month from a land outlet.

Member of the Committee, MP Haneen Qaddo said in a statement to "Information", that "one of the border outlets imports up to 199 billion dinars per month as the government receives 9 billion Iraqi dinars only," pointing out that "190 billion dinars is divided between governors, tribal leaders and some partisan parties."

He added that "the revenues that are officially registered for the border outlets are not true and are stolen without any accountability." He called "Prime Minister Mustafa Al-Kazemi to send the Anti-Terrorism Agency to all border outlets to control the theft of funds and benefit from them in financing the federal budget."

He continued, "The revenue from the border outlets is able to cover the federal budget bill without the need for oil, which the Iraqi economy has become captive to."

Member of Parliamentary Finance Committee Faisal Al-Issawi considered, earlier, that the border crossings are witnessing "great chaos" and the theft of funds from unknown destinations. LINK