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Featured Post

Operation Disclosure GCR/RV Intel Alert for October 18, 2017

Operation Disclosure https://operationdisclosure.blogspot.com/ RV/INTELLIGENCE ALERT - October 18, 2017 THE RENO COMMISSION HAS DONE...

Monday, July 24, 2017

"Distraction" - Mon. AM KTFA Thoughts/News

KTFA

Peggy68 » July 24th, 2017


As we look through history and our governments dates and calendars there are patterns! IMO,they are telling US that they are ready to implement the Global Monetary Reform.

With Iraq having the most gorgeous girl at prom that every guy has his heart set on to dance with, the wait will definitely be worth it!!!

In my honest opinion I'm expecting to see the monetary reform implemented between tonight (Sunday) going into July 24th,2017 through August 10th,2017.

There are several dates in between we could focus on included in the analysis. Take a look at what is happening in different Federal Agencies and what is already in place, its clearly the time and Iraq is ready to ROCK & ROLL!!!

Faith & Prayers, be prepared Emotionally & Spiritually!!! XOXO PEGGY 68

Magliteparty » July 24th, 2017

Awesone analysis Peggy. It explains why Mosul was dragged on so long, as a distraction.

A schedule was kept.

And now the IMF tells Iraq to get their act together by the end of the month or else...

Ties in to the study of this investment...

I think we all see it...

I feel like a kid on Christmas Eve...

Upstart » July 24th, 2017

The horses are running....ALL BETS ARE OFF !

TY Guys, That should get this RV moving!

NeedToUnderstand » July 24th, 2017

Three paragraphs. The word global or international used 5 times referring to the banking industry. Very exciting indeed!

Don961 » July 24th, 2017

Increase the capital of the Central Bank to one trillion dinars

24/7/2017 12:00 AM

Baghdad / Farah Al-Khafaf

As part of the state's efforts to keep abreast of the global economic development, the Council of Ministers and Representatives 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 "increase the capital of the Central Bank of Iraq and to keep pace with global economic development and grant powers to the bank and increase the number of members of the Board of Directors of the bank from outside the bank and the formation of a committee to audit and issue commemorative coins and impose interest on Loans granted by the bank to commercial banks and 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

The new law allows that "the Central Bank of Iraq deals with foreign assets and manages the official reserve of foreign exchange of the State in accordance with international best practices and monetary policy objectives, and the Council may invest such reserves in the gold cash in the coffers of the Central Bank of Iraq, and cash and metal coins Which are normally used in the performance of international accounts held by the Central Bank of Iraq or for its own account, credit balances payable on demand or payable after a short period in foreign exchange which is normally used to perform International accounts maintained by the Central Bank of Iraq has accounts or those that invest through the re - purchase and re - purchase the corresponding fixed deposits and multi-term agreements.

Full confidence

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 or fully trustable securities issued by foreign governments, central banks, international financial institutions, Which are paid in foreign currencies, which are usually used in the performance of international accounts held by the Central Bank of Iraq or for his account.

Investment portfolios

The draft law allows the bank to "use derivatives in the investment portfolios as a hedging tool, issue non-negotiable souvenir coins, and choose the Iraqi Central Bank with the approval of the Minister of Finance, an international company that performs external audit and financial auditing for five (5) years, For consecutive periods of more than (10) ten years. "

Business development

"The legislation of these amendments will contribute to the development of the bank's work, which will allow for greater freedom of funds after increasing its capital," said Rahim al-Shammari, an economist.

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 stage, especially with the intention of the bank to develop its work by adopting new products."

The governor of the Central Bank Ali al-Alaq has 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.

Exchange rate

The bank's indicators, a "safety valve" for the economy and monetary policy of the country, showed that the inflation rate did not exceed 2 percent, while the dinar maintained a stable exchange rate at an acceptable level despite the challenges, in addition to the index raised the interest of international institutions supporting, The IMF's expectations of 10 billion dollars despite the extraordinary circumstance experienced by the country.

http://www.alsabaah.iq/ArticleShow.aspx?ID=141217

BondServant888 » July 24th, 2017

Would an rv help fill the deficit?

Don961 » July 24th, 2017

Parliamentary budget: surplus of the supplementary budget will not fill the deficit
The range / Zahraa al-Jassim

2017/07/24 (00:01 PM)

The deficit in the federal budget for the fiscal year 2017, 21 trillion dinars, but now within the supplementary budget will be after raising the price of a barrel of oil to 44.4 dollars Maisawi 25 trillion dinars by about 18%, "according to the supplementary budget, which came at the request of the International Monetary Fund Specialists.

http://almadapaper.net/ar/news.....33428/link

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