DINARESGURUS.BLOGSPOT.COM__________________________

Tuesday, July 25, 2017

Dinar Updates Q&A w/BGG

Yosef update

KTFA UPDATE, 25 JULY

Frank26 from Mon. Night CC:

Frank26     IMO – the 3 zeros are lifted and the citizens are not using USD’s anymore – and Abadi is in harmony with Allak.

The 95/5  (95 digital/ 5 cash) was masterful!  The IQD is going through a REDOMINATION ...leading to a REVALUATION of their currency because they are going to lift 3 zeros – which will bring in a REDONIMATION as they introduce their LD’s.

Meanwhile...the Rafadian Bank now says that they seek working with retirees outside of Iraq with an electronic card on an international level.

Allak told the citizens to expect a “break thru” – do you think the ATM’s would qualify for that?

Especially if they can’t dispense 3 zero notes?  Soon...the CBI will be coming out to all citizens, all banks to make an announcement...

************

Sirenfire:  IMO all of this stuff about the Indonesian Rupiah is designed to take a lot of eyes off of Iraq and for people (currency speculators) to focus on Indonesia.... Very big things are happening in the middle east right now and it will not be long before we see them out in the open...

Walkingstick:   Government supports BI’s proposal to redenominate rupiah

Mon, July 24, 2017

The government has expressed its support of Bank Indonesia’s (BI) proposal to revive plans to redenominate the rupiah, but has yet to decide how many zeroes will be removed from the currency.

“We have not decided yet whether we will scrap three or four zeroes from the rupiah,” said Coordinating Economic Minister Darmin Nasution in Jakarta on Sunday as reported by tempo.co, adding that he preferred to eliminate three zeroes.

“If three zeroes are removed, [the resulting figure] is familiar to many people; if you eat at a restaurant and see 40.00 on the menu, that means the price is Rp 40,000 [US$3],” he explained.

Previously, BI Governor Agus Matowardojo called on the House of Representatives to immediately approve the redenomination bill into law, stressing that it was the best time to eliminate zeroes from the rupiah as Indonesia’s macroeconomic condition was currently favorable.

Darmin said the transition period for redenomination would be one to two years, while the entire process would take six to seven years to give business players enough time to make the necessary adjustments, such as changing their price tags.

“The price adjustment will also be mentioned in the law on redenomination,” he said, adding that during the transition period, new bills would be printed.

However, he stressed that such a move could only be implemented when the inflation rate was between 3 to 4 percent, as otherwise, the value of the rupiah could further weaken. (bbn)

http://www.thejakartapost.com/news/2017/07/24/government-supports-bis-proposal-to-redenominate-rupiah.html

House lawmaker supports rupiah redenomination
http://www.thejakartapost.com/news/2017/07/24/house-lawmaker-supports-rupiah-redenomination.html
************

Don961:

Dannair publishes the Federal General Budget Amended Budget Act for the fiscal year 2017

Updated 24/07/2017 2:46 pm

 Baghdad / Dinar / .. The voice of the House of Representatives in its eighth ordinary session of the first legislative term for the fourth legislative year on the amended budget law for 2017.

The following is the text of the law

In the name of the people
Presidency
On the basis of what was approved by the House of Representatives and ratified by the President of the Republic based on the provisions of item (I) of Article (61) and Article (III) of Article (73) of the Constitution

The following law was issued:

No. (2017)
Law amending the Federal Budget Law No. 44 of 2017
Chapter One
Revenue
Article (1): The text of Article (1) of Article (1) of the Law shall be amended to read as follows:

Article 1 -
A- Revenues of the Federal General Budget for the fiscal year 2017 are estimated to be (82,069,669,668) thousand dinars (eighty two trillion nine hundred and sixty six billion six hundred and sixty six hundred and sixty-eight thousand dinars) as shown in table (a) Revenues according to the main accounts) attached to this law.
B - Calculation of the revenues from the export of crude oil based on the average price of (44.4) (forty four dollars and forty cents) per barrel and the export rate of (3750000) barrels per day (three million seven hundred and fifty thousand barrels per day), including (250000) barrels Daily (two hundred and fifty thousand barrels per day) for the quantities of crude oil produced in the province of Kurdistan and (300000) (three hundred thousand barrels per day) for the quantities of crude oil produced through the province of Kirkuk on the basis of the exchange rate (1182) dinars per dollar and all revenues actually achieved Final revenue for the state treasury.
Chapter II
Expenditure and disability

Article (2): Amend the text of the two items (First: Expenses A, B, C, D, E) and (II) Disability A, C, E of Article 2 of this Law, Article 2 / First: Expenses) of this law and delete paragraph (f) of Article (2 / II: Disability) of this law,
To be as follows:
First: Expenditure - The amount of (107,089,521,545) thousand dinars (one hundred and seven trillion and ninety-nine billion five hundred and twenty-one million and five hundred and fifty-five thousand dinars) for the expenses adjusted by the ministries for the fiscal year 2017 and distributed according to field (12) B) Expenditure adjusted by the ministries for the year 2017) attached to this law.
A) The amount of (28,531,686,499) thousand dinars (twenty-eight trillion five hundred and thirty-one billion six hundred and sixty-eight million nine hundred and ninety-nine thousand dinars) for the investment projects expenditures for the fiscal year 2017 distributed according to field (8 / Expenditure adjusted by the ministries for the year 2017) attached to this law.
B) The amount of (78,557,835,046) thousand dinars (eighty-eight trillion, five hundred and fifty-seven billion eight hundred and thirty-five million and forty-six thousand dinars) distributed according to field (4 / adjusted operating expenses) of the table / Law.
C- An amount of (112,906,151) thousand dinars (one hundred and twelve billion nine hundred and six million one hundred and fifty-one thousand dinars) shall be allocated to the contingency reserve within the appropriations of other expenses for the budget of the Federal Ministry of Finance out of the allocations referred to in item (I-B) referred to above And the Council of Ministers to increase the amount mentioned no more than double to cover the expenses of the network of social protection and popular mobilization by half.
(D) An amount of JD (375,000,000) shall be allocated for the reconstruction and development of the projects of the regions and governorates, including the Kurdistan Region, out of the allocations referred to in Article (1 / A) of Article (2).
1- The Governor shall submit the reconstruction plan of the Governorate and the districts and sub-districts approved by the Council of the province, depending on the plans set by the districts and districts to the Federal Ministry of Planning for the purpose of study and approval to take into account the most affected areas within the province and to distribute allocations to maintain districts (15%) (15%) of governorate allocations and 5% (5%) of poverty reduction strategy projects.
2. The Governor shall exclusively implement the approved reconstruction plan and the Governorate Council shall be responsible for monitoring implementation.
G-
1- The amount of (4,733,011,088) thousand dinars (four trillion seven hundred and thirty-three billion and eleven million eight hundred and eighty thousand dinars) shall be allocated to the current expenses and according to Column No. (2) in Table (b).
2- The amount of (1,186,310,379) thousand dinars (trillion, one hundred and sixty-eight billion, three hundred and ten million, three hundred and seventy-nine thousand dinars) of the current expenditures and according to Column No. (3) in Table (B).
3- The amount of (8,792,463,622) thousand dinars (eight trillion seven hundred ninety-two billion four hundred and sixty-three million six hundred and twenty-two thousand dinars) shall be allocated to the investment expenses and according to Column No. (6) in Table (B).
4. The amount of (5,714,795,123) thousand dinars (five trillion seven hundred and fourteen billion seven hundred and ninety-five million one hundred and twenty-three thousand dinars) of the investment expenditure and according to Column No. (7) in Table (b).
II. Disability:
The total deficit planned for the federal budget for the fiscal year 2017 (25,019,851,877) thousand dinars (twenty five trillion and nineteen billion eight hundred and fifty-one million eight hundred and seventy-seven thousand dinars) according to the details shown in the following table:
Amount (thousand dinars)

Vocabulary Revised budget estimates

1 = (A + B) Total revenue 82,069,669,668
Oil revenues: 71,833,095,000
B Non-oil revenues 10,236,574,668
2 = (A + B) Total expenditure 107,089,521,545

A Current expenditure 78,557,835,046

B Total investment expenditure 28,531,686,499
- Investment expenditure from Treasury 24,028,124,659
- Investment expenditure through foreign loans 4,503,561,840
Total planned deficit 25,019,851,877
Finance gap financing (deficit)

A. Accounts balances of ministries and entities not associated with the Ministry of government banks 641,607,059
B The balance of the account of the Ministry of Finance 1,000,000,000
C National Bonds for the public 3,001,673,274
D - Treasury bonds and remittances to government banks and deducting with the Central Bank of Iraq 5,500,000,000
E The World Bank loan to support the budget 1,182,000,000
The IMF loan to support the budget 2,009,400,000
G. JICA loan to support budget 323,000,000

Loans secured by the UK, Canada through the World Bank 413.7 million
I Foreign bonds 2,364,000,000
The EU loan is € 118,200,000
Transfers by commercial banks 3,430,809,704
M Loan ( JBIC) 59,100,000
N World Bank loan / projects 242,310,000
US loan for the purpose of arming 1,043,706,000
The British loan (export loan) is 390,060,000
The Chinese loan is 984,606,000
The German loan ( KFW) is 224,580,000
The Swedish loan is 177,300,000
The IDB loan is 59,100,000
The loan of Italy is 158,388,000
D JICA loan projects / projects 449,301,840
W German loan projects Siemens Inc. 165,480,000
Ø Maintenance project loans for the Ministry of Electricity from the Export Guarantee Corporation 549,630,000
Loan of the French Agency for Development 531,900,000

C- Authorizes the Federal Minister of Finance to borrow or continue to borrow from abroad to finance development projects after the approval of the Council of Ministers from the sources mentioned below and to continue the loans approved in previous years and with the approval of the Council of Representatives.
- JICA loan in the amount of (1500) million dollars (one hundred and five hundred million dollars). Municipalities, Water Resources, Electricity, Industry and Minerals, Health, Communications, Transport and the Ministry of Municipalities, Tourism and Electricity of the Kurdistan Region.
- The Japanese Bank for International Cooperation ( JBIC ) loan in the amount of (500) million dollars (five hundred million dollars) to finance the projects of the Ministry of Electricity, and will be funded (50) million dollars (fifty million dollars) in 2017.
- The Islamic Development Bank loan (800) million dollars (800 million dollars) to finance projects for the Ministries of Electricity, Construction, Housing, Municipalities, Health, Higher Education and Scientific Research and the Municipality of Baghdad. Fifty million dollars (50 million dollars) In 2017, the Ministries of Reconstruction, Housing and Municipalities are allocated electricity.
- The loan of the German Development Bank ( KFW ) in the amount of 500 million Euros (500 million Euros), equivalent to 600 million dollars (six hundred million dollars), of which 190 million dollars (one hundred and ninety million dollars) Terrorism of 2017.
- The Swedish loan in the amount of (500) million dollars (five hundred million dollars) to finance the projects of the Ministry of Electricity by ( ABB ) and the guarantee of ( EKN ) and will fund the amount of (150) million dollars (one hundred and fifty million dollars) for the projects of the ministry.
- Italian loan amounting to (160) million dollars (one hundred and sixty million dollars) will be funded $ (134) million (one hundred and thirty-four million dollars) for the projects of the ministries of water resources and agriculture.
- US $ 4550 million ($ 4.5 billion) to finance the Defense Ministry's needs, and $ 883 million ($ 1.8 million) will be funded in 2017.
- $ 500 million ($ 500 million) to finance projects for the Ministries of Electricity, Construction, Housing, Public Municipalities, Finance, Health and the Municipality of Baghdad. The sum of $ 205 million ($ 250 million) 2017, including $ 10 million ($ 10 million) for the Financial Management Development Project ( PFM ).
- Negotiation and borrowing from the British Export Bank on the financing of infrastructure projects including (water, sewage and desalination) in the amount of (10) billion pounds (ten billion pounds sterling) to be funded $ (100) million (one hundred million dollars) of The above amount during 2017 for desalination projects within the province of Basra and the amount of 230 million dollars (two hundred and thirty million dollars) for the projects of the Ministry of Electricity for GE of the above amount during 2017.
- (500) million dollars (five hundred million US dollars) from the German Export Guarantee Corporation and Standard Chartered Bank for the implementation of the German Siemens project of the Ministry of Electricity will be funded $ 140 million (one hundred and forty million dollars) in 2017.
- Additional loans for the various annual maintenance projects of the Ministry of Electricity guaranteed by international export guarantee institutions in favor of the US GE and the amount of $ 465 million will be financed in 2017.
E. The Federal Minister of Finance, after the approval of the Council of Ministers, is authorized to borrow $ 2,500 million by guaranteeing international export guarantee institutions for the purchase of arms, ammunition and logistical support to the Ministries of Interior and Defense, the Popular Propaganda Authority and the Anti-Terrorist Organization. (Eight hundred and thirty-three million dollars) during 2017.
Chapter III
General and final provisions

Article 3

(4) of the Federal Budget Law No. (44) for the year 2017 to become (the Federal Minister of Finance the authority to conduct transfers between the appropriations of the federal budget of the Republic of Iraq approved in the annual federal budget and the budget modified at the level of doors and sections and classes, materials and types And type sequence.

Article 4 -

Amend the text contained in the provisions of Article (25) of the Federal Budget Law No. 44 of 2017 to become (for the Minister of Finance and Planning federal reallocation of the amounts recovered from farmers for loans agricultural initiative projects received by farmers for the previous years to the budget in 2017 and to be exclusively devoted to projects initiative (1) Section (4) of the Financial Management Law No. (95) for the year 2004).

Article 5-

Continuation of the provisions of the articles contained in the Federal General Budget Law No. (44) of 2017 and the amended articles mentioned in the amended law.

Article 6

The Council of Ministers shall have the authority to transfer the amounts required to cover the requirements of support for the displaced, the popular mobilization and the expenses of the Ministry of Health for the allocations referred to in Article 33 / I / B, as set forth in Table (h) of the Law.
Article 7

- Amend the text of article (39) of the law to be as follows:
To the Federal Minister of Finance with the approval of the Federal Prime Minister issuing guarantees to:
- General Electric Company ($ 563) million ($ 500 million) and the signing of financing loans guaranteed by international export guarantee institutions, including the US Overseas Private Investment Corporation ( OPIC ).
- Korean company STX for $ 125 million (one hundred and twenty-five million dollars) to finance, rehabilitate, maintain and operate the stations of the Ministry of Electricity through Alio Puff Bank.

Article 8 -

Amend the table of transfers contained in Article (59) of the law agencies:
1- The sum of (30) billion dinars (thirty billion dinars) is transferred from the allocations transferred to the House of Representatives to the People's Assembly / operational.
2- The amount of (10) billion dinars (ten billion dinars) of the allocations transferred to the Independent High Electoral Commission to the People's Assembly / operational.
3- The amount of (2) billion dinars (two billion dinars) from the transfers of the accountability and justice to the Ministry of Water Resources / maintenance and rehabilitation of rivers and streams and onions.
4- The amount of (100) billion dinars (one hundred billion dinars) of the allocations transferred to the Independent High Electoral Commission to the Ministry of Health / expenditure governing (medicines, including the Kurdistan region).
5 - The amount of (5) billion dinars (five billion dinars) of the allocations transferred to the Independent High Electoral Commission to the secretariat of Baghdad / reconstruction of Karrada.
6- The amount of (5) billion dinars (five billion dinars) of the allocations transferred to the Ministry of Education to the Ministry of Agriculture / investment.

Article 9

The Ministry of Finance to transfer the grades and financial allocation for those wishing to have university degrees at least from the employees of the Ministry of Defense to ministries and departments other than the three presidencies and the departments associated with them and after the consent of the transfer to the condition that this does not entail any financial consequences.

Article 10 -

This Law shall be published in the Official Gazette and shall be effective as from the date of its publication.

Positive reasons

To fill the shortfall in the salaries of state employees and the public sector and members of the popular mobilization and to ensure the payment of pensions and insurance needs of displaced and to pay the receivables of audited contractors from the Federal Audit Bureau and the entitlements of farmers and the needs of the ministries of electricity, oil and health.

This law was enacted.

http://www.dananernews.com/news?ID=10388

TNT TIDBIT, 25 JULY

CarlosisanGood morning everybody. Question: If the budget is passed and everyone is in agreement, why are we not seeing the RV rates yet and when will it all be released so we can finally go to the bank? Can someone please help me understand what's happening?

Islandgurl:  Carlosisin: That is a Million Dollar Question!

NetGlobal:  Carlos, I dont understand what the supplemental budget has to do with the exchange rate

Carlosisan:  Net - I was under the understanding that once the supplemental budget was passed, we would see the new rates and we would be able to finally exchange.

Readitnow:  Passed and implemented are 2 different things. They can't happen at the same moment

Pearle:  Carlosisin...I think frank was saying something was missing and would be added today
....
Lowken325:  the amendment was was passed but we have yet to see the open budget… now imf and world bank have to stamp it, remember all of the loans

Daz:  WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET... THEY WILL JUST AS SIMPLY.... "TURN THE MONEY BACK ON".

************

Red : One of the Chinese elders grandmother is having a birthday this month the oldest elder is around 360 years old and grandma is telling him sonny it is time for the evaluation to go forth, so take as rumor until proven correct but it could very well happen in the month of July.

One of my elder statesman's great-great-grandmother went to school with her I believe, might have been one of her cousins anyway they are distantly related

If I get three confirmations from the chief and two elders and the tribe then I will be able to stand firmly upon the information. no backie off. Lol

DollarBill9:  RED nice story hope it's for REAL haha

************

Famous_13 :  So Aug 1 is the back wall date?

Daz : There is no backwall

MNT GOAT UPDATE, 25 JULY

July 25, 2017 Mnt Goat News Brief

Hi Everyone,

I bring you much news today.  

July 22,2017, Source: Radio Sawa, Major General Maan al-Saadi, commander of the second elite forces in the anti-terrorism apparatus in Iraq, described the security situation in Mosul as now completely stable. (Their words not mine!)

He said in an interview with "Radio Sawa" to the continued population of Mosul to return to their homes, which were displaced during the military operations.

He explained that the sectors are conducting security inspections of the neighborhoods that have been liberated, including the Old City.

Major General Saadi played down the importance of the attacks launched by a preacher near Tal Afar and Hawija. He considered the attacks "a natural issue because the enemy is fighting a guerrilla war"
​He pointed to the readiness for the restoration of Hawijah and Tal Afar from the grip of a supporter, and denied any delay in these operations:

Oh -but wait a second! Didn’t Abadi already make his infamous needed speech in the past weeks already and tell us Mosul was “fully” liberated? Yes – he did but we also know that pockets of sleeper cells and small bands of snipers and militia existed. So now they are telling us these too have been cleaned out.

More news….

So as Iraq now moves on to the next phase in its history, once again, as in my last two newsletters, its now all about the economy.  The CBI is not holding back on making the needed changes and adjustments. It is simply amazing how much information the CBI is now publishing and informing the public. It is all very optimistic for us.

But when will they tell the citizens they are going to move to the next phase of the “project to delete the zeros”.  Let’s now lose sight of this in the midst of all this other amazing news. It has been over a year and a half already since they last educated them on the process. Remember in the fall of 2015? Remember all the news about this project. This is what we can expect to happen again. So when will they do this?

They will do this when they are getting ready to execute the next phase. So they are not yet ready to move on it. This is why we have not yet read these articles. Get it? It is that simple. No hype, No rumors, just the FACT that they are not yet ready but we know when they are they must inform the people. In fact the CBI even told us they will, many times. So we sit and wait for this sign. This is now our expectation and major focus.

More news….

Baghdad / Al-Ghad Press:
The Saudi authorities are preparing the international road leading from the Kingdom to Iraq through the border port of Jumaima between the two countries near Rafha province, for the first time since the Iraqi invasion of Kuwait in 1990. (This shows us things are normalizing. This is stability and this is what we need to see)

More news….

I also need to sort out and clarify some other rumors going around.

First let me say that the IMF support for Iraq will not end if Iraq does not RV their currency before August IMF review. How ridiculous to say such a thing? Iraq and the IMF (along with the World Bank and the World Trade Organization and many other three letter agencies) are working very closely with Iraq to position it for the next economic phase. This phase is not something of the distant future. It is now and it is progressing forward. Could it eventually include a significant increase in the value of the dinar? Yes, and will most probably (almost certainly) culminate in some significant increase in the value of the dinar. But let’s not put the cart before the horse. First things first. There is work to be done and we are seeing it play out. It is what we don’t know that we can’t tell you. It is too bold and ignorant for anyone to tell you everything is done. How the hell do they know? Are they mind readers?
​Second, I can assure you the passing of the supplementary Budget for 2017 has absolutely nothing to with the RV. It is not a trigger for the RV. So if you believe this - good luck with that! It is just another one of those self-made rumors/events that was conjured up by these so called intel “gurus” to mean the RV will be triggered as soon as the budget gets passed. We are now way too wise, way too smart to fall for this nonsense anymore. If it was true and there was some evidence for proof, I would be the first to tell you. But the isn’t. Every time there is a pending new budget of some kind these exact same rumors spread.  

I also want to clarify that there is absolutely no proof that the supplementary budget was done to include the new revalued rate thus it has nothing to do with the RV and is not a dependency for pulling the trigger on the RV. Instead the FACT  is the supplementary budget now changes to adjust the prior 2017 budget for less revenues needed to fight the ISIS war that can now be diverted to the reconstruction projects. More $$ coming from sources also are included. Remember Iraq was on a WAR budget and now has to move and adjust to a peacetime budget scenario. This is all it is, so relax! 

Third, there is no evidence or proof to back up the notion that the economic reforms (thus currency reform) must be completed prior to the meeting with the IMF in August and the next payment of the loan under the SDR to Iraq.

So once again a trumped up date of August 1st as a target for completion of the RV.

Forth, the new notes in the form of the lower denominations are NOT yet launched further. So this too is just a rumor without being verified with proof.

More news….

The speaker of the House of Representatives Salim al-Jubouri said on Sunday that the stage after the organization of "Daash" requires joint efforts to activate economic and investment development, while the Undersecretary of the Iranian Foreign Minister Hussein Jabri expressed his country's readiness to cooperate with Iraq in all areas in order to achieve "aspirations.

So now the HOT news is all about the future of the Iraq – Iran relations. This may be all fine but Iraq must insist that Iranian militias withdraw and their military have no part in Iraqi affairs. This is the only acceptable solution for the USA too. Let’s see what more they have to say in today’s news articles below on this topic. Can this relationship work for the economy and the security of Iraq? 

Articles are below. As always, my comments are in italic RED.

Articles Begin
Iraq, Iran sign MoU for military cooperation

(Reuters)
July 23, 2017
DUBAI (Reuters) - Iran and Iraq signed an agreement on Sunday to step up military cooperation and the fight against "terrorism and extremism", Iranian media reported, an accord which is likely to raise concerns in Washington.

Iranian Defense Minister Hossein Dehghan and his Iraqi counterpart Erfan al-Hiyali signed a memorandum of understanding which also covered border security, logistics and training, the official news agency IRNA reported.
(This agreement means sharing of information and intelligence with Iran. Not good for Iraq and is not a safe practice to deal so aligned with Iran. Iran has sinister motives for this action. This will bite Iraq in the future.)

"Extended cooperation and exchange experiences in combating terrorism and extremism, border security, and educational, logistical, technical and military support are among the provisions of this memorandum," IRNA reported after the signing of the accord in Tehran.

Iran-Iraq ties have improved since Iran's long-time enemy Saddam Hussein was overthrown in 2003 and an Iraqi government led by Shi'ite Muslims came to power. Iran is mostly a Shi'ite nation.

US President Donald Trump has voiced concern over what he sees as growing Iranian influence in conflicts in Syria, Yemen and Iraq, where it is aligned with Shi'ite fighters.

Tensions between Iran and the United States have heightened since the election of Trump, who has often accused Tehran of backing militant groups and destabilizing the region.

Earlier this month, Trump said that new threats were emerging from "rogue regimes like North Korea, Iran and Syria and the governments that finance and support them". The US military has accused Iran of stoking violence in Iraq by funding, training and equipping militias. Iran condemns this, blaming the presence of US troops for the violence. (As I said this is going to be a long, difficult situation getting rid of Iranian influence in Iraq post Mosul liberation. Its like trading one terrorist organization for another., But is must be done. Do it now or pay the price later. Can Iraq stand up to another large scale terrorist attack?)


AP News: After Mosul victory, Iraq mulls future of Shiite militias

(An excellent article. It is long but very good information. It is once again emphasizing the need to get rid of the Iranian influence in Iraq. As I told you many times, this was going to be the next issue facing the Iraqi security. Was I correct? Once you have the fox in the hen house helping to protect the hens, what do you do when the need for protection is over. Do you then find a way to go after the hens? After all this is what you wanted in the first place.)

NAJAF, Iraq (AP) — In the wake of victory against the Islamic State group in Mosul, Iraq's political, religious and military leaders are debating the future of the country's powerful Shiite militias — the tens of thousands of men who answered a religious call to arms three years ago and played a critical role in beating back the extremists.

Some are demanding the mostly Iranian-backed forces be disbanded but the militias say their sacrifices on the battlefield and the fact they were sanctioned by Iraqi Prime Minister Haider al-Abadi have earned them a permanent place in the hierarchy of Iraq's security forces. (Can you see the problem here?)

The Shiite militias stepped into a vacuum when the Iraqi army largely dissolved after IS overran Mosul and pushed within 80 miles (130 kilometers) of the Iraqi capital.

Shiite Sheikh Fadil al-Bidayri was among the clerics at an emergency meeting in the holy city of Najaf in June 2014, when Iraq's Shiite religious elite — led by the country's top Shiite cleric, Ayatollah Ali al-Sistani — issued a call to arms as a last-ditch effort to protect Baghdad.

Tens of thousands of men, many of them members of the long-established Shiite militias with close ties to Iran, answered al-Sistani. In the days that followed, Iraq was flooded with training, money and weapons from Tehran. Billboards praising the groups — depicting Iraqi and Iranian paramilitary leaders side by side — popped up across Baghdad, alongside posters of martyrs honoring the fallen.

The government-sanctioned groups became known as the Popular Mobilization Forces, known as Hashed al-Shaabi in Arabic.
Although the Shiite militias did not play a central role in the battle for the city of Mosul itself, they moved into the deserts held by IS west of the city, massing around the town of Tal Afar and taking a border crossing between Iraq and Syria. They also took control of highways bisecting the Sunni heartland in western Iraq and used as vital military and civilian supply lines.

In past fights against IS, including the operation to retake for the cities of Tikrit and Fallujah, the Shiite militias were accused of sectarian killings and other abuses against minority Sunnis. They acknowledge some abuses may have occurred but say those responsible have been disciplined.

Over the past three years, as the military fight against IS in Iraq pushed the extremists back, Iran's influence in the country grew.

"We always knew that Iran would use this (call to arms) to increase its own power in Iraq, but we had no other choice," said al-Bidayri, recounting the meeting in Najaf and the panic-filled days after the 2014 fall of Mosul. Al-Bidayri says now that Mosul has been retaken and the Iraqi military has been partially rebuilt, he believes the Shiite militias should be disbanded, to curb Iranian influence in Iraq and reduce sectarian tensions. The elderly sheikh, like much of Iraq's religious establishment in Najaf, is a staunch nationalist and wary of Iran's growing influence.
 
"From the very beginning ... Iran used every opportunity to get involved in Iraq," al-Bidayri said. "Each time they used the protection of the Shiite people as an excuse."

Iraq's influential Shiite cleric Muqtada al-Sadr also called for the militias to disband during a March anti-government rally that saw thousands of his supporters fill the streets of Baghdad.

According to the 2017 Iraqi budget, the government-sanctioned Popular Mobilization Forces now number about 122,000 fighters. The umbrella is dominated by Shiite militias but also includes Sunni and Christian groups.

"The Hashed (Shiite militias) will remain . and our relationship with Iran will remain," said Hadi al-Amiri, a senior leader of the Badr Brigade, one of Iraq's most powerful Shiite militias.
Al-Amiri said IS' insurgent capabilities will pose a long-term security threat to Iraq after the military fight against the group is concluded.

Iraq's prime minister has also repeatedly professed his backing for the Popular Mobilization Forces, telling reporters at a press conference last week that they "must remain at least for years, as the terrorism threat still exists."

When asked if the Shiite militias would play a role in the fight for Tal Afar or move into Syria, Ahmad Ghanem, a member of the Popular Mobilization Forces training at a camp in Najaf said "we are waiting for instructions ... ready to move wherever they order us."

As the conventional fight against IS winds down, it's unlikely Iraq's existing security forces will be able to absorb all the militia factions.

"If you add up all of the demands from all the different factions and militia leaders, and then you look at how much actual power and money Iraq has to distribute to them, their claims are like 250 percent of whatever pie there is to be divided," said Nathaniel Rabkin, managing editor of Inside Iraqi Politics, a political risk assessment newsletter.

Rabkin said he doubted the groups would be content with patrolling rural areas or hunting so-called IS "sleeper cells." "They want to have real power and control," Rabkin said. "So I think there's going to be a lot of disappointed people with small to medium-sized militias running around Iraq six months to a year from now."

On the outskirts of Najaf, graves of militiamen who died battling IS have swelled among the plots in Wadi al-Salam, the well-known Shiite graveyard that is also the world's largest. Garlands of plastic flowers adorn headstones bearing the crests of the most powerful militia groups: the Badr Brigades, Saraya Salam and Kataib Hezbollah. Abdullah Abbas, a thin 18-year-old from Najaf, guarded a plot of graves of Katib Imam Ali fighters, a small militia closely tied to Iran and active both in Iraq and Syria.

In 2013, he left school at age 14, to become a fighter. The militia at the time mainly fought in Syria where it propped up President Bashar Assad's government. Since then, he has bounced between Syria and Iraq.

Abbas said that if the government decides to dissolve the Shiite militias, he could easily find better paying work as a laborer. But he admitted he couldn't imagine life without the purpose and prestige of being a militia fighter.

"I don't think a normal life is an option for me now," he said, shaking his head. "I can't imagine going back to what it was like before."


Iraq Central Bank Exceeded Expectations Last 2 Years

July 24, 2017

(This is a great article. It is telling us that, like the growing economy and as it changes, so the need for the CBI to grow and change. Not since 2004 have we seen these kind of major changes in the CBI.  The CBI has always had problems staying independent and there were many issues that were still in the grey area, as to their responsibilities. Now these are clarified and put into law. This is all amazing and wonderful to see. This is all for the next phase of growth that Iraq is moving aggressively towards. Take  a look at the list of changes. I also want to remind everyone that others are publishing this article under false heading to make it sound as if the CBI is issuing yet more currency into circulation. This is not true and the article speaks absolutely nothing of this. So this is all very positive news. )

Baghdad / Farah Al-Khafaf as  part of the state's efforts to keep abreast of global economic development, the Council of Ministers and MPs are working on amendments to the Central Bank of Iraq law. This comes at a time when an economist praised the new amendments, which he pointed out that it will be radical and important and will develop the Iraqi money market.

According to a copy of the draft law, "Al-Sabah" obtained a copy of it, the new law aims to:
​1)   increase the capital of the Central Bank of Iraq and
2)   to keep pace with global economic development and
3)   grant powers to the bank and
4)   increase the number of members of the Board of Directors of the bank from outside the bank and
5)   the formation of a committee to audit and
6)   issue commemorative coins and
7)   impose interest on Loans granted by the bank to commercial banks and
8)   the preservation of its funds from bookings issued by judicial decisions. "
The law stipulates that "the capital of the Central Bank of Iraq shall be one trillion dinars fully owned by the State." Reserve management allows the new law that " the Central Bank of Iraq will hold deals on foreign assets and manages the official foreign exchange reserves of the state according to international best practices.

The objectives of monetary policy, as the Board may invest such a reserve in gold located in the Iraqi Central Bank coffers cash, currencies Foreign currency and cash equivalents that are normally used in the performance of international accounts held by the CBI or for its account, credit balances payable on demand or payable after a short period in foreign exchange normally Used in the performance of international accounts maintained by the Central Bank of Iraq in its accounts or those that invest through repurchase agreements, repurchase and fixed deposits for multiple periods.

Full trust in  addition to the special drawing rights available to the Iraq Account of the International Monetary Fund, the status of Iraq's reserve with the International Monetary Fund, as well as any tradable debt securities issued by or fully trustworthy and approved by foreign governments, central banks or international financial institutions, authorities and agencies local and foreign , which are paid in foreign currencies , which are usually used in the performance of international accounts maintained by the Central Bank of Iraq or for his account. " investment portfolio also allows the bill to the bank , " the use of financial derivatives in investment portfolios Of as a tool to hedge, and the issuance of coins commemorative non-negotiable, and that the Central Bank of Iraq chooses the approval of the Minister of Finance , an international company based external audit and financial audit for a period of five (5) years, and may not be repeated selected periods in a row of more than (10) ten years. " (The CBI is agreeing to be independently audited)

Development work and sees economic expert Rahim Shammari told the "morning" that " the legislation of these amendments will contribute to the development of the Bank 's work, allowing greater freedom of the money after the capital increase." (They know the reserves will rise rapidly now that the economy is growing)
 
He pointed out that "these amendments are the second after the issuance of the law of the Bank issued by Order No. (56) for 2004 on the Coalition Provisional Authority (dissolved)," noting that "the Iraqi Central Bank succeeded during the past period in maintaining the exchange rate of the Iraqi dinar, A good thing about Iraq's financial stock.

" New products Shammari expressed "optimism about the next phase, especially with the intention of the bank to develop its work by adopting new products." The governor of the Central Bank Ali al-Alaq had confirmed that Iraq has passed the difficult stage “pessimistic” that has passed during the past two years and accompanied by statements are not based on facts that raised terror in the Iraqi street.

The exchange rate of the bank, which is a "safety valve" for the economy and monetary policy of the country, that the rate of inflation did not exceed 2 percent, while the dinar maintained a stable exchange rate at acceptable limits despite the challenges, in addition to the index raised the interest of global institutions supporting, The Central Bank has raised the IMF's expectations by 10 billion dollars despite the exceptional circumstances that the country is undergoing.

Articles End
 
Their words not mine…..No Rumors, No Hype, Just the FACTS!
 
Auf Wiedersehen
Much love to ya all,
Mnt Goat

DINAR GURUS UPDATE, 25 JULY

7-25-2017   Newshound Guru chattels   [...does the power lay with the CBI or Abadi?]   My belief is that it is rather unimportant who has the power between the CBI and the office of the PM. What is important is whether any "public rate" is acceptable / sustainable in the world marketplace.  [so a float would answer that?]  The bottom line to me is what "amount" a sovereign nation is willing to exchange their "dollar" for in dinars?   A float rather presumes that there is a value to the dinar initially and whether that value will be stable or increase, eh?

7-25-2017   Intel Guru Daz
    WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET... THEY WILL JUST AS SIMPLY... "TURN THE MONEY BACK ON".

7-25-2017   Intel Guru Frank26   If they announce in the coming days...something very big...like the ATM’s...would that not only force them to use their own currency?  This could explode their economic reforms.  An article came out a few days ago that told everyone in Iraq...that they have ELECTRICITY RESERVES...and power 24/7...you cannot do banking with sporadic electricity.  We have been waiting for the electricity to come on to ACTIVATE things for the monetary reform.  Electricity was needed...do you understand the POWER of this? Do you understand...“THEY TURNED IT ON?!  The ATM machines will be lit-up like a Christmas tree!  ELECTRICITY --- is ready to take Iraq into an INTERNATIONAL world.   [post 2 of 2]

7-25-2017   Intel Guru Frank26     IMO – the 3 zeros are lifted and the citizens are not using USD’s anymore – and Abadi is in harmony with Allak.  The 95/5 was masterful!  The IQD is going through a REDOMINATION ...leading to a REVALUATION of their currency because they are going to lift 3 zeros – which will bring in a REDONIMATION as they introduce their LD’s.  Meanwhile...the Rafadian Bank now says that they seek working with retirees outside of Iraq with an electronic card on an international level.  Allak told the citizens to expect a “break thru” – do you think the ATM’s would qualify for that? Especially if they can’t dispense 3 zero notes?  Soon...the CBI will be coming out to all citizens, all banks to make an announcement...  [post 1 of 2....stay tuned]

7-25-2017   Intel Guru RayRen98    [We would rather expect Abadi to make an announcement – what if someone from the CBI were to make an announcement (if in fact there is an announcement)?]  My sources are not saying anything about announcements just now; they did expect an announcement about the liberation of Mosul, and Abadi did make that. I think it’s less about announcements and more about action now [I have heard that the passing of the supplemental budget forced by the IMF signals the CBI to implement the RV. Any truth to this rumor?]   That is the expectation.   [Do you think this week might finally be RV week?]    This week looks pretty good; I think this is our last full week looking for this, if it all goes according to the way I’ve been told. It might spill over into next week to wrap this up.

7-25-2017   Newshound Guru mike  Article:  "Electronic trading and safe way to get the economy moving"   Iraq is a cash society, as soon as that money hits their accounts they'll go to the ATM and pull every dinar out. No one trusts the banks, they still need deposit insurance and banks that operate eight hours a day.This is a utopian view of the future, I wish they'd focus on the current realities and get their banks safe for deposits and move towards an open market economy.

ADMINBILL TIDBIT, 25 JULY

GOOD MORNING WSOMN...
HOPING TO HEAR NEWS WE CAN USE LATER TODAY. 

OFF TO WORK SOON. YA'LL BE GOOD FOR THE MODERATORS AND ENJOY THE CONVERSATIONS.

NO MATER THE JOB ALWAYS MAKE IT FUN FOR YOU AND YOUR ASSOCIATES OR YOU WILL HATE GETTING UP IN THE MORNING.

TNT Dinar Conference Call w/Rayren98

Awake58 reports - Xe.com is showing lower notes ,25 JULY

Freq Used: د.ع25, د.ع50, د.ع100 

Banknotes:
Freq Used: د.ع50, د.ع100, د.ع250, د.ع500, د.ع1000, د.ع5000, د.ع10000, د.ع25000 
Central Bank:

Central Bank of Iraq 

But it also says this.. hmmm 

During British occupation in World War I, the Indian Rupee was introduced as the first official currency of Iraq. In 1932, the Iraqi Dinar replaced the Rupee at a rate of 1 Dinar to 11 Rupees and was pegged to the British Pound until 1959. The peg was then switched to the US Dollar at a rate of 1 IQD to 2.8 USD. After the Gulf War in 1991, previously used Swiss printing technology was not available, resulting in new notes being of lesser quality. The previous versions of the Iraqi Dinar started being called Swiss Dinars. Due to excessive government printing of the new issue, the Dinar devalued quickly. New Dinar coins and notes were issued in 2003 to replace old Saddam notes to create a single unified currency. 
In 2010, the Central Bank of Iraq announced their plans to redenominate the Iraqi Dinar to ease cash transactions. The intention would be to drop three zeros from the nominal value of bank notes; but the actual value of the dinar would remain unchanged. Although the announcement stated that the change would take place by the end of 2010, no redenomination took place. As stated by the Central Bank of Iraq, their mandate is to "ensure domestic price stability and foster a stable competitive market based financial system." For more information about the redenomination, read "Iraq Planning Currency Re-denomination." 


http://www.xe.com/currency/iqd-iraqi-dinar
 

KTFA HIGHLIGHTS CC NOTES, 25 JULY

FrostytheSnowman:  Here’s tonight’s HIGHLIGHTS …

*** The comments made by Frank26, Delta and others are their sole OPINIONS and cannot and should not be used as any form of financial, tax, banking or investment advice!  We offer NO DATE, NO RATE on this forum!!! ***
Frank26:Greetings family … welcome to another one of your conference calls here at KTFAlways.com!

Today is Monday, July 24, 2017

Tonight I’m wearing yellow and blue because GOLD is doing a lot of work right now.

THIS WHOLE CC IS IN MY OPINION!  WE DO NOT OFFER A RATE OR A DATE!  TO DO SO IS AN INSULT!
....
The last time we were together (Wednesday) – we were in the time frame study of the 10th to the 15th – (an extremely important time frame).  We got luck (after Abadi said Mosul was liberated) – a waterfall of info came forward about the monetary reform … and Allak has been talking a lot.

The next time frame of study was for us to look at the 21st (which was 3 days ago).  The pattern we found where zero’s were dropped on the 12th.   90 days ended.  The next time frame is the 31st as we anticipate the IMF operational rates.

August 1 to the 7th – is the next time frame.

Sadly, ONE person out of the thousands that listen to our cc’s said “oh no, Frank is leading us into August.”

On the 21st … you didn’t see rate they were going to pay the citizens – so maybe you will on the 30th.

Again … WE DO NOT study for DATES/RATES here at KTFA.

We have a friend, who is kind enough to share what he knows. (Walkingstick)   This information is colossal!

IMO – the 3 zeros are lifted and the citizens are not using USD’s anymore – and Abadi is in harmony with Allak.  Scripting between the two is amazing.  The 95/5 was masterful!

The next big time frame that we propose is from the 1st to the 7th of August.  For the adults in the room, please listen.

Our friend in Iraq said this on a TEXT
Picture
I haven’t heard from our friend since then.

I’m not trying to be pushy … but with what our Teams are studying – we are excited to see if our information coincides with our friends info.
Picture
We are waiting for something.

Our friend is waiting for something.

We told you … our friend said that they are waiting for them to TURN ON THE SIGN … the BLUE and RED sign (MasterCard).

We’ve kept quiet.  We’ve kept quiet on what we do know … until it’s safe to release.

I love to see how you are studying.

I love PEGGY68’s report – that is evidence of the steps to the monetary reform.

WE ARE WAITING FOR THE “TURN-ON” SIGNAL.

The other thing that is SO HARD for us not to … it’s hard for us not to let go of what we have.

Remember the software does not recognize the 3 zeros.

Again … all of this is in OUR OPINION.

The new ATM’s will NOT dispense the 3 zeros notes.  Do you understand the power in what I am trying to tell you.

Our friend said …
Picture
This next part is SO IMPORTANT.

The introduction to your CC … right now … I pray to God that you are listening to me … info I will share at the end of our CC.

In the meantime … allow me to cover some trivial things.

For example:

In yesterday’s thread … POST #102 by Don961 (Page 6) – there is some “talk” in there about the monetary reform, currency, value.
Picture
POST #103 by Don961 – you will see what these efforts are doing for that country.  Or … what could happen if they DON’T do these things.

Shiela noticed Don’s post … she commented … “WOW … if the citizens of Iraq are not working … it’s detrimental to a person’s soul.”

Oh so true – the MR will help in this process.

The citizens have been shunned, robbed, ignored by world government leaders.  Do you think they feel human?  They have been dehumanized – but their pride and joy is coming back.

Why are they celebrating in Iraq?

YOU WILL FIND OUT TONIGHT.

Page 5 – WOW … look at Peggy68’s post … this shows the IMF’s path to the monetary reform.  From the 24th of this month to the 10th of August is her opinion on when we could see things happening.  Look at our time-frames.

Is it true that Maliki is in Russia?  Rumors of Maliki making deals with Russia.  LOL … the only thing that Maliki is RUSHING from is away from his crimes.  This is garbage.  Please, only call me about my CC.

How is the BUDGET doing?  Obviously you saw the article … what is the amendment in the budget that you’ve not talking about?   LOL

Yes.  They voted and passed the amendment into the budget – done.

Will the budget be in the GAZETTE?  Will this amendment appear in the Gazette?  Any amendments (by law) have to be put in the Gazette.

When will we see the budget?  I don’t know … it’s still in Abadi’s hands.

Frank … will they open the 2017 budget at 1184?

I don’t know … but I can tell you this … yes they can.  Am I breaking your heart?  (They have two sets of books).

Remember … Iraq is a sovereign country … they can do whatever they want.  The NEW RATE is in those 2nd set of books … completely RETROACTIVE to the first of the year.

The budget is a vehicle.  The budget is a stepping stone to expose the new rate.

Have you seen the budget?  No.

Have you seen the rate?  No.

If you did … you’d have the budget.

Enough about the budget.

We are still WAITING.

Yes, we’d love to see the budget with the new rate – but if it doesn’t … it’s isn’t a big deal.  I pray that that makes sense to you.

IOO … on the 12th of May, June and the 7th of July … the 1st, 2nd and 3rd zeros were lifted (over 90 days) … and on the 21st of July was when it ended.

Do you now go 30 days out?

If this was not done … the IMF would have stopped dead in their tracks.

On Friday morning … Allak spoke on Iraqi TV in the morning and told the citizens that in the COMING DAYS something would happen to their economy.

As Allak was speaking, iTeam was interrupting … so Allak was talking to the citizens.

Family … what did I tell you happened on the 7th – that didn’t happen on the 12th?  LOL
The CBI, Allak … it’s their turn.
Abadi made his exit.

The CBI and Allak are working very fast on the MR and giving big hints to the citizens.

There is a very, very big surprise coming to the citizens of Iraq.

WHY are the citizens celebrating in the streets?

Because the citizens know about the ATM’s – all coming in the next few days.

Allak does NOT talk about lifting about the lifting of the 3 zeros.

The citizens see the difference in the purchasing power.

The CBI does not do the economic reforms … but they FUND them.

The citizens are coming into the banks.  They now understand.

The 12th to the 21st … and the 7th to the 21st … this is the lifting of the 3 zeros IMO.

Anything you see in an article … what have you been told?

It’s already been on television.

Allak is setting things up to make an OFFICIAL announcement.

How about the ATM’s?

Many members in parliament that disagree with the MR and they are against the lifting of the 3 zeros.  Parliament has no say-so … they have no choice.

They MUST finish the budget THIS MONTH – and they did – a WEEK EARLY!
The CBI is doing so many things.

The subsidiary budget … IMO … the CBI will help with the funding.

So … obey the IMF or they are done with you, right Iraq?  Right.

Do it or they’ll answer (not to the IMF) but the Paris Club.

Just so you know … Delta says that Allak is really a shy guy – but he has been talking  a lot lately.

BTW – get that whip out IMF … “yes sir!”   Parliament passed 37 laws in one day!

The DIPLOMATIC POUCHES are making their way around – because they have some date.  Maybe they were delivered to Iran.  Iran is working with the IMF.
....
IMO … the Indonesia Rupia … well not see a revaluation.

I ONLY TALK  ABOUT THE IRAQI DINAR – please write that down.

The IQD is going through a REDOMINATION … leading to a REVALUATION of their currency because they are going to lift 3 zeros – which will bring in a REDONIMATION as they introduce their LD’s.

The Indonesia Rupia will happen in an opposite flow – which is a LOP.

The USA does NOT do LOP’s … because there is NO PROFIT in it – it’s a pointless waste of time.  President Trump doesn’t waste time.

We (USA) we reflect our wealth to the international world – Trump leads us … NOT Obama!!!

We told you that in Iraq … there was a 1 to 1 in their books … based on the Gulf Currencies (2.40) … now 1.38 in-country … and 2.42 is more realistic to the international markets.  This is all based on our opinion.

All of this happens because they jumped out of the airplane with the IMF – they must pull the rip cord!

Abadi’s job was to liberate Mosul.

Now … exit stage left … (Abadi) … now the floor is yours Allak.

Allak is to liberate the 3 zeros.

An article came out today … rather interesting … POST #186 (page 10) – “the battle of the liberation …”

A member (SirenFire) read that article and commented … “wow … they are eluding to the liberation …”

Yes – the only way to Article VIII – if the freedom of the movement of capital.

Meanwhile … while this liberation … this new style of FREEDOM that is coming at a speed-of-light … the Rafadian Bank now says that they seek working with retirees outside of Iraq with an electronic card on an international level.

Really?  Why all of this “international” talk?  (Because they can’t use the word “Revaluation.”)

Why are Iraqi’s living outside of Iraq?  Because they fled to other countries – (thank you Obama and Hillary).

On Wednesday I talked to you … the ISO gave Iraq an award.  They are setting all of the qualifications for the IMF for Chapter VIII.

It’s SO OBVIOUS what they are doing … and it’s SO FRUSTRATING for those who seek for a date.  I separate myself from them.  I’m sorry.

Lift the 3 zeros … everyone is waiting.

Allak told the citizens to expect a “break thru” – do you think the ATM’s would qualify for that?  Especially if they can’t dispense 3 zero notes?

Allak’s 90 days are up … does he add 30 days to it … seems to me he is saying TIME IS UP.

Iraq is dumping the USD … and that is what the bonds are doing right now.

The bonds are not backed by the USD …

Soon … the CBI will be coming out to all citizens, all banks to make an announcement.  What did we suggest that would be?

If they announce in the coming days .. something very big … like the ATM’s … would that not only force them to use their own currency?

This could explode their economic reforms.

I would like to reference JESUS CHRIST.

I am really fed up with people who seek a date.

One time, people asked when Jesus would return.

Jesus, said that only his father knew.

We should be Christ like and not worry about dates like some of us demand.

It’s very impressive that the Iranian Rial will be a dual-currency.  Remember, they are going to use their old currency the Toman.

I don’t want to talk about the Indonesia Rupia anymore.

17 money changers were shut-down in Iraq yesterday.

How did they shut them down?

How will they put these money changers out of business?

They will “turn them off” – all of this will make sense soon.
On Thursday, an article out of Egypt came out – iTeam found that they were insinuating that the IQD is being traded in the Middle East (which would be internationalism) ---  but at 1184.  Yes – but that is just the start.

The IQD has gone across borders.

If they don’t want to say the IQD is international … then I wish they would tell us it’s at least REGIONAL.

I have a recording of DELTA and myself and I’d like to share that with you.

The way we started our CC tonight is how I’d like to end it.

THEY TURNED IT ON!!!!!!!!!!!!!!!!!!!!!!!!!!!

If they had not turned it on … NOTHING, NOTHING that you are studying about the IQD … NOTHING could happen.

An article came out a few days ago that told everyone in Iraq … that they have ELECTRICITY RESERVES … and power 24/7.

Family … you cannot do banking with sporadic electricity.

Many things REQUIRE electricity …………. THEY TURNED IT ON!!!!!!!!!!!!

Why should I tell you about the ATM’s??????????

We have been waiting for the electricity to come on to ACTIVATE things for the monetary reform.

Electricity was needed … do you understand the POWER of this?

Do you understand … “THEY TURNED IT ON?!!!!”

If you do a POS in Iraq … (point-of-sale) … don’t you expect something?

The ATM machines will be lit-up like a Christmas tree!!!

The companies that are in 1st place for the spoils of war will be the electricity companies.

They are trying to make IRAQ a CASHLESS society … just like everywhere else.

9 years ago I told you … when they do lift the value of the IQD … it will be the beginning of the end times.

Demons also have dinars … and we will enter into a ONE-SOURCE … and we will bow to the beast because we want food, work, etc.  To say you never will … you already are – whether you realize it or not.

CHIPS in the hand – not only pets and prisoners … but so will you soon.

You will not say this is the beast – you will go along with the flow.

ELECTRICITY --- is ready to take Iraq into an INTERNATIONAL world.

We told you about wiring, cell phone towers, POS, live banking, bank security, gift cards, id cards, fiber optics, debit and credit cards, air conditioning system, MasterCard’s … and on and on … ALL require electricity … and I get frustrated with those who seek for a date.

It’s so obvious as to what is happening and going to happen.

Do not walk-over the importance of ELECTRICITY for the MR.

Now … here is the recording from DELTA.

Keep in mind about the TRI AGREEMENT … the tankers … the US Banks … Petro-Dollars, etc.

Family … IMO … this TRI AGREEMENT still has things to do … the next meeting is the 1st week of August.

Did you notice that Allak move the meeting to the 1st week of August.

DELTA:  Everything is good.  Thank God!  We are on verge of something BIG happening.
FRANK:  Everyday they come out with something new.  Every time we see something new … Some KTFA members are making some brilliant posts … like posts by Peggy68 … outlines the direction of our study.

Something gigantic … monstrous … occurred on Thursday.  Did you notice the article that talked about 24/7 electricity?  Electricity will make everything work.

DELTA:  Electricity is very significant – you can’t really do anything today without it.

FRANK:  We panic without it.

DELTA:  They are trying to move away from the war-torn country to a secure environment, very modern.

Behind closed doors, the CBI is working very hard … along with the UST.  Allak is proving to all of us that he is doing an excellent job.  Remember, in Iraq, the temperature in Iraq can get up to 130 degrees – it requires air conditioning to keep computers cool, etc.

FRANK:  I remember being in Germany as a child.  During recess, they would turn off the electricity.

17 banks and money changers didn’t follow the CBI’s rules and were shut-down.  Now … all they would have to do is flip-a-switch and turn them off.

DELTA:  The CBI is very hard to crack down on the corruption of the money changers.  They are cleaning-house on them.  (That is easier to do using electricity by shutting them off).

FRANK:  Imagine Jesus walking into the temple and he sees the money changers … turns the tables and chastising people.  I see this same thing happening in Iraq now.

Bravo, bravo, bravo … I believe they are very close to being in the atmosphere to protect the citizens.

What did you think about the budget?

DELTA:  A lot of people get confused about it.  As I look at parliament – this was one of the IMF’s requirements.  They need to pay everybody, farmers… so the IMF did a supplementary budget.  They did pass it today.

Remember … when the CBI pulls the trigger – everything will be adjusted.  Without the IMF – nothing works.

FRANK:  Friday we probably said more than we should have.

Pay attention to the 31st – UN Operational Rates.

Pay attention to the 1st to the 7th of August.

DELTA:  The 1st week of August is a very important meeting with the IMF.  We might see something BEFORE that … or maybe AFTER.

Let’s see what the report says.

IMO … the CBI is all done.

FRANK:  I’m eager to hear from our friend in Iraq.  It confirms our study.  I’m waiting because he can’t talk right now.  Once he is able … once they TURN-ON the electricity … IMO … the software … inside of the ATM … does NOT recognize the 3 zeros!!!!!!!!!!!!!!!!!!!!!

DELTA:  Remember the IMF said about 2 months … they would consider meeting once Iraq complied with everything – including the MR.

FRANK:  Yes!  And Iraq is calling for the meeting to be moved up.
Ok … I’d like to clarify something … I believe we are headed to a CASHLESS SOCIETY – which the Bible teaches about (one source controlled by “The Beast” – which can be a movement, a group, a servant of Lucifer.  For those who are worried about being involved in Lucifer’s world – family … with all due respect … you are walking in that environment now.  You all have a Social Security Card – do you not?  Will you accept a mark on your hand (like a tattoo)?  How about a chip (size of grain of rice) that would be inserted in your hand.

I don’t plan too.  That is why the Lord has blessed me with dinars.  I will be a steward of this money.  You will be blessed to take care of yourself.   Don’t become a lottery-winner.  Protect the needs of your family.  I believe we are walking into the end-times.  Saints will not be the only ones with dinars.  This will become a test of spiritual warfare for a lot of people.  You better make right decisions with this money so that you don’t have to answer to the beast.

Don’t abandon your post with Christ.  Don’t abandon the Cross.  WE NEED EACH OTHER and GOD NEEDS US!!!  I leave you in peace and I tell you that I love you.
CC ended in prayer/shofar

PLAYBACK LINK:  https://fccdl.in/ENMmB2x0F

KTFA UPDATE, 25 JULY

Z1World:  Here is a question that has been bothering me today-

Why would Iraq vote on and implement a supplementary budget if they were so close to enacting the current budget and implementing the new rate for the dinar?   Thoughts?

BillA:  If I'm not mistaken, I believe that Frank said it was an IMF requirement under the SBA, needed to be accomplished prior to the review on August 1.
....
************

FaithPrevails:  Frank and Family,

I want you to know that some of us did not gloss over the monumental feat that Iraq now has electricity. As you know anything electronic will not work without Power and Fiber. This is just the first step Frank because even in the US electricity is not always reliable and can be affected by wind, lightning, any type of storm. It can also be affected by human error such as someone cutting a line during construction or a vehicle running into a transformer. Any operation that requires 24 x 7 always adds supplementary back-up.

What I mean is the electrical power is backed up by UPS (Uninterruptible Power Systems) that are basically a bank of batteries that last a short time until the ultimate Generators ( Diesel, or Gas ) kick in that can run for days while normal electricity is restored.

I know for a fact that UPS and Generator companies such as Caterpillar, Mitsubishi, and Cummins are in talks with Iraq. There is no reason to ask for a date because Iraq is in the Stone Ages just by getting standard electrical power. Every bank, credit card company, Hospital and think about it Facebook, Twitter, Google, Amazon, E-Bay, etc can never go down and our electrical system the most sophisticated in the world they don't rely on.

You have to have belts and suspenders and some take it to levels of redundant power feeds along with multiple UPS and Generators. The infrastructure is very expensive and requires sophisticated designs along with highly skilled labor to install.

All of our three letter agencies along with many other Federal Agencies use this approach. Can you imagine if the Pentagon, Defense Intelligence Agency, FEMA, or the IRS suffered a power outage. They are everyday occurrences that we ward off with the systems aforementioned above.

We did not walk over the fact Iraq has electrical power but that is nothing more than Jacks or better to get in the game.

How will they pay for this?

I have no idea but if they truly want to be International they need to start copying the most advanced countries and do it sooner than later.     Thank You FP

************

Don961:  The perfect picture

25/7/2017 12:00 am     Hussein Thagb

When efforts are directed to complete any business or project, the potential to draw the final picture of this, which is usually drawn by competencies with experience and expertise in these areas and can draw the paths of work with extreme precision.

There are international experiences that can have a positive impact if adopted in our realityand adopted to overcome the challenges that led to the decline of all our production and service sectors and exacerbated the problems Which are in need of inevitable solutions And urgent.

We in Iraq require the reality that we are living and we are heading towards large-scale reconstruction and construction. The picture of work and implementation is clear in all its details, that is, all stages of work from referral to implementation are transparent and clear and do not allow any manipulation that may accompany them.

Thus, the picture must be clear because the size of the work is large and large, coupled with international financial support, which requires that we reflect a new image of the world that the allocations go to their right place without any manipulation and free of all forms Corruption. 

Iraq needs to start a new phase and invest the business opportunities witnessed in the liberated areas to be a beneficiary of the confidence that the world is giving him after the great security victories. Sophisticated.

We are on the threshold of a new stage that requires transparency and transparency from the beginning in order to gain the confidence of the world and multiply the international support that we need. We begin the real development stage that moves society to a better stage and guarantees the rights of generations. Coming.

In the face of the country may be the only solution in this period, which is experiencing financial hardship due to the decline in oil prices, which coincided with a fierce war against the "da'ash" terrorist, and the solution here is to attract domestic and foreign investments to contribute to the development process.

This approach in itself requires that we do local investment and create suitable conditions for it to really start in an ideal environment free of all challenges. Yes, all the challenges without exception, and here we will paint the ideal image that is the active attraction of the advanced global and domestic immigrant effort that owns and employs capital and advanced technology. To serve the national economy.

We have no choice but to work hard to create an ideal environment to attract investment and others Complex

http://www.alsabaah.iq/ArticleShow.aspx?ID=141309

************

Samson:  Saleh: Al Rasheed Bank and Rafidain dominate 83% of the banking system's funds

 25th July, 2017

The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, on Tuesday, that the banker Rashid and Rafidain dominate 83% of the funds of the banking system.

Saleh said in an interview with the satellite "Iraq" and his "Economic News", "The banker Rashid and Rafidain dominate 83% of the funds of the banking system," adding that "a decision issued by the government structure of the banking rational and Rafidain."

He explained that "the draft law of government banks will be launched soon and will give freedom to the work of government banks and create great competition," calling  
Citizens to "deposit their money in government and private banks to improve the economy

http://economy-news.net/content.php?id=8409

*************

Alia83:  Central Bank of Iraq sales of foreign currencies rise 8.4 million dollars.

128.44 million on Tuesday, up from $ 120.09 million on Monday, an increase of $ 8.35 million, the central bank said in a statement.

The central bank said in a statement that the exchange rate was 1182 dinars per dollar in the auction held with the participation of 42 banks and 10 companies for the transfer of money.

The bank said in its statement that the sales are the outcome of the auction scheduled for Wednesday, July 26.

The volume of funds sold to strengthen bank balances abroad was about $ 122.9 million, while the amount of cash sold was estimated at $ 5.54 million.

The Central Bank said in a statement that the sale of the amounts transferred to the accounts of banks abroad at a price of 1190 dinars per dollar, while the cash sale will be at the same price. Finished /   LINK

*************

Stevep99:  WOW...Now this is a huge way to tell the "INTERNATIONAL" countries and businesses to come on in...tax exemption is a big deal!!

Samson:  Deloitte: Iraq exempts foreign companies from taxes and will increase them to Iraqis

 25th July, 2017

The Iraq government has given foreign companies tax breaks to work and invest in the country, said Jane Stokes, director of taxation at Deloitte Middle East in Iraq.

Stokes said in an interview with satellite "cnbc Arab" and his "Economy News", "The Iraqi Ministry of Finance has granted tax exemptions to foreign companies in order to encourage foreign investment in sectors other than the oil and gas sector," noting that "the decline in oil prices in global markets made Iraq to impose more taxes, including the customs tariff. "

And expected "the continuation of the Iraqi government to impose more taxes on the daily dealings of Iraqis," noting that "the government decided to exempt companies working to rehabilitate the areas affected by the war."

She stressed that "confidence still exists in Iraq and there is a continuation of investment operations, specifically in the oil sector in southern Iraq, which was not affected by the security situation that occurred in 2014."

On July 6, Deloitte issued a new report on Iraq's tax environment under the title "Iraq's Commercial Guide - Understanding the Tax Situation in Iraq" to guide companies and support their clients and stakeholders in Iraq. The report aims to shed light on the key areas requiring consideration, both for companies that are looking to invest in Iraq for the first time, and those that have expertise and are currently working in Iraq. The General Authority for Taxation, following the appointment of a new general manager, that one of its main objectives quickly dealing with tax assessments and collection of tax revenues in most ways

http://economy-news.net/content.php?id=8411

MadeeandLyndee:  This is a huge article to help with more incentive to have companies come to Iraq to help rebuild their country.

Aggiedad77:  IMO it is signs like this that are making those companies and  countries in the LL (long line) very restless....like a race horse being put into the gate, very cantankerous and feisty until the bell sounds and the gate flies open....then they are off and running....

That is where these countries and companies stand and stamp around in the LL now.....they are anxious to get in....they want their share of the pie....their share of the gold mine that is Iraq.....are they greedy....no......they are business people who see a profit for their company....for their shareholders......let it come soon....for we are with them as well....IMO.   Aloha   Randy
Samson:   New photos on CBI site :
Picture
Picture
Picture
Picture