WOTS THU JUN 17 21
The Iraqi Council of Ministers released the region’s share of the budget
These are the articles I discussed on the My FX Buddies Podcast
After Barzani’s announcement, a government source clarifies how to pay the region’s share of the budget
A government source explained how to pay the Kurdistan region’s share of the federal financial budget for 2021.
The source told {Euphrates News}, that “the amount will be an advance and for the purpose of addressing the suffering of the region’s employees who have not received their salaries for a while.”
The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, announced this evening that he had reached an agreement with Baghdad regarding the region’s budget after his phone call with Prime Minister Mustafa Al-Kazemi.
Barzani said in a statement: “I am pleased to announce that an agreement has been reached under which the dues from the federal budget will be sent back to the Kurdistan region, with a retroactive effect, starting from January 2021.”
And he added, “During our phone call, I thanked him for his leadership, and I thanked the federal government for its support for this important turning point, through which we together overcame this difficult and long-standing obstacle.”
The Kurdistan Regional Government announced two weeks ago that it would send two important files to Baghdad related to “the region’s oil expenditures and non-oil revenues.”
And regarding sending the salaries of the region’s employees, the spokesman for the Kurdistan government, Jutiar Adel, suggested that “this issue will reach the implementation stage, and part of it has already reached the implementation stage, and in the near future financial dues will be sent to the Kurdistan region within the federal budget.”
It is noteworthy that the House of Representatives voted on March 31, 2021, to approve Article (11) of the Iraqi Budget Law for 2021, which is related to the Kurdistan Region’s share of the budget.
The Kurdistan region needs 895 billion dinars per month to distribute salaries without deduction, ie up to 10 trillion and 740 billion dinars annually.
Qubad Talabani: The Iraqi Council of Ministers released the region’s share of the budget
Qubad Talabani, Deputy Prime Minister of Kurdistan Regional Government announced on Wednesday that the Federal Council of Ministers decided to release the region’s share of the financial budget for the year 2021.
In a speech today on the sidelines of the HITEX exhibition in Erbil, Talabani said: The Iraqi Council of Ministers decided yesterday to launch the region’s budget (..) We hope that this step will be a new page in the relations between Baghdad and Erbil.
He also added: We hope that this step will ease the challenges facing the region.
Regarding the importance of the HITEX exhibition, he said: The goal is not to make the government electronic, but rather to have good governance.
He also said: Before taking advantage of technology, we did not know the number of employees, how they are and where they are? But when we started with the biometric system, we benefited greatly from the sciences of technology.
He continued by saying: We wanted to know how much we pay from salaries and how to pay?, adding: We want to announce that soon we will distribute 475,000 “UPN” to employees.
He added by saying that: This will make it easier for us to eliminate those who receive two or three salaries at the same time.
He added: We want to speed up the process of registering companies, because currently the process takes between 28 and 31 days if you do not have any problems, but we seek to make the registration process within 24 hours, noting that this process may strike the interests of some parties or institutions, but we insist on Program implementation.
On Tuesday, the Prime Minister of Kurdistan Regional Government, Masrour Barzani, announced that an agreement had been reached regarding the region’s entitlements in the federal budget.
Barzani said in a tweet on Twitter, which was seen by Shafak News Agency; “I spoke with Federal Prime Minister Mustafa Al-Kazemi as part of the ongoing negotiations and commitment to making the relationship between Erbil and Baghdad more clear.
He added, “I am pleased to announce that an agreement has been reached according to which the dues from the federal budget will be sent back to the Kurdistan Region, with a retroactive effect, starting from January 2021.”
Democratic Party: The Baghdad and the region agreement began today and according to the budget items
Parliamentary: Kurdistan’s delivery of 200 billion is considered looting of other provinces’ funds
On Thursday, Representative Mansour Al-Baiji considered handing over to the Kurdistan Regional Government any amount of money outside the agreement that took place and was fixed in the current year's budget, as a looting of the money of other provinces.
Al-Baiji said, in a statement received by Al-Hayat Al-Iraqiya, that “the Kurdistan Regional Government has been procrastinating in delivering what was agreed upon between it and the federal government since the approval of the country’s general budget until now. Federal Government.”
He added, “The exchange of the share of the Kurdistan region retroactively, and it did not commit and did not hand the federal government one dinar, is considered looting of the money of our provinces, and this matter cannot be tolerated permanently, and the representatives of the other provinces must have a serious stand to preserve the rights of our provinces that have been suffering injustice and marginalization since the fall of the former regime and until Now it is not completely done.”
Al-Baiji added: “We are not against giving the share of the Kurdistan region, but the regional government must abide by the budget law and hand over what it owes to the federal government, as is the case with other provinces, until it receives its share, but we are surprised that the region’s share was spent and the latter did not hand over anything to the government. This matter is unacceptable.”
And he added: “Therefore, the law must be applied to everyone, especially what was voted on in the general budget law, and any party that spends away from this agreement bears legal responsibility and will be held accountable within the House of Representatives if it spends away from the agreement in the budget law because this exchange is considered looting of the money of all our governorates without exception. “.
Erbil: We are serious about committing to the financial budget and we have handed over all the required data
The Kurdistan Regional Government confirmed, on Wednesday, its serious commitment to implementing the provisions of the federal financial budget for the current year.
Government spokesman Jutiar Adel said in a press conference, after the weekly session of the regional government, “We showed seriousness in adhering to what was stated in the Iraqi budget law.”
He added that the regional government handed over to the federal government all the required data regarding the implementation of the budget items.
Parliamentary Finance: We intend to file an appeal to the Federal Court regarding the disbursement of 200 billion to the region
A member of the Finance Committee, Abdul Hadi Al-Saadawi, stated, Wednesday, June 16, 2021, that an appeal will be submitted to .the Federal Court regarding the decision to spend 200 billion per month for the Kurdistan region by the federal government
Al-Masoudi said in a statement received by “The Obelisk” that a decision will be issued to disburse an advance to the Kurdistan region in the amount of .200 billion per month, starting from one month for the year 2021, and this is contrary to the Federal Budget Law
He added: Without calculating non-oil revenues, noting that, in implementation by the Ministry of Finance, 250,000 barrels at a price of 61 dollars are .calculated, so the federal government is requesting the region because this is in violation of Article 11 of the General Budget Law .
He continued: We will submit an appeal to the Federal Court
The region’s share in the draft budget is 12.67, in return for the region to ensure the delivery of 250 thousand barrels of oil per day to SOMO, in addition .to 50 percent of the imports of border ports in the region
On August 15, Baghdad and Erbil reached an agreement to send the federal government 320 billion dinars per month to the Kurdistan region until a vote .on the budget law, for a period of 3 months
On November 12, the Iraqi parliament approved the law to finance the fiscal deficit, despite the withdrawal of the representatives of the Kurdish blocs in objection to the article that stipulates the determination of the Kurdistan region’s share of the total actual spending, provided that the Kurdistan region is committed to paying the values of oil exported from the region, in the quantities determined by the company SOMO exclusively, and non-oil federal .revenue. In the event of non-compliance by the Region, the expenses may not be reimbursed to the Region
In conjunction with talk about flotation .. a significant decrease in the exchange rates of the dollar in Iraq
The dollar exchange rates fell in the Iraqi local markets this afternoon, Wednesday, in conjunction with a government move to float the exchange rate.
The main stock exchange and local markets in Baghdad were as follows: The
price of the Kifah Stock Exchange is 148300. The
prices of buying and selling the dollar in exchange offices, selling 149,000 thousand dinars, buying 148,000 thousand dinars for each paper denomination of 100 dollars.
This comes as a member of the Parliamentary Finance Committee revealed a government move to float the dollar in the Iraqi local markets.
Al-Shabki said, "The government decided to grant the dollar at the official price to people who go to treatment or to students studying outside Iraq, i.e. at an amount of 145 thousand for every 100 dollars."
He added, "This step will work to get the dollar out of the company owners directly to the citizen," stressing that "the Central Bank's move to float the dollar and sell it to some groups at the official price will contribute to reducing its price and prevent merchants and bank owners from manipulating it."
The Presidency of the Republic of Iraq corrects the financial budget for the year 2021
link I find it very interesting the post the corrected Budget the day they start paying the Kurds... hmmm
The Ministry of Justice announced on Thursday the issuance of the new issue of the Iraqi Al-Waqa'i newspaper with the number (4636), which included a number of statements approved by the Presidency of the Republic.
Director-General of the Facts Department Haifa Shukr Mahmoud said in a statement received by Shafaq News Agency, that the number included the issuance of a correction statement issued by the Presidency of the Republic's Office regarding the Federal General Budget Law of the Republic of Iraq No. (23) of 2021.
The official did not refer to the corrected articles or paragraphs in the budget.
The Iraqi parliament voted, in early April, on the Federal General Budget Law for the fiscal year 2021 with a deficit of more than 28 trillion dinars, and the tension and attraction continued for months, even though its ratification was delayed from the legal date.
The revenues of the general budget amounted to more than 101 trillion Iraqi dinars, while expenditures were estimated at 129 trillion.
The price of a barrel of oil was calculated in the budget at 45 dollars instead of the Iraqi dinar, and the government's proposed price for the dollar was fixed at 1450 dinars per dollar.
Parliament also voted on the Kurdistan Region’s share of 12.67 trillion dinars of the general budget.
The passage of the 2020 budget stumbled due to differences and a financial crisis, at a time when Iraq voted on the general 2019 budget, which amounted to 106 trillion dinars, while expenditures were estimated at 133 trillion dinars, with a deficit of 27.5 trillion dinars.
Issue (4636) of the Iraqi Gazette was issued on 6/14/2021
- 2021-06-16 04:11:00
A correction statement issued by the Presidency of the Office of the Presidency of the
Republic regarding the Federal General Budget Law of the Republic of Iraq No. (23) of 2021.
link
It seems they only printed what was corrected so no rate
19 Statement Based on the authority entrusted to us under Article 8) of the Publication Law in the Official Gazette No. (78) for the year 1977, we issued the following statement: First: It was stated in Article (2/O Expenses) of Law of the Federal General Budget of the Republic of Iraq for the fiscal year 2021 No. (23) for the year 2021 published in the Iraqi Gazette No. 4620 and dated April 12, 2021 allocates an amount of (1,269,300,000) thousand dinars for the year 2021, including:
1. a. Operational expenses (9,00,913,9682) thousand dinars are distributed according to field (1, 2 and 3) of table (b) expenditures according to ministries, and the correct one is according to the total field (1) and a new additional operational field contained in table (b) expenditures by ministries annexed to this law.
Second: As stated in the table published on page No. (9) regarding Paragraph (Third) Deficit 1 = (a + b) total revenue (320141984101) thousand dinars, which does not match the total of paragraph (a + b), and the correct one is (101320141984) thousand dinars .
Third: We attach the tables (A / D / How) amended for the purpose of publishing them in the Official Gazette, with the exception of tables (B) and (C) because they were originally published with the Federal General Budget Law No. (23) for the year 2021. .
Fourth: This statement shall be published in the Official Gazette.
The facts publish a correction to the Presidential Office regarding the budget law
The director general of the department, Haifa Shukr Mahmoud, said in a statement that {Euphrates News} received a copy of it, that "the number included the issuance of a correction statement issued by the Presidency of the Republic's Office regarding the Federal General Budget Law of the Republic of Iraq No. 23 of 2021."
The Iraqi parliament voted, in early April, on the Federal General Budget Law for the fiscal year 2021 with a deficit of more than 28 trillion dinars, and the tension and attraction continued for months, even though its ratification was delayed from the legal date.
The revenues of the general budget amounted to more than 101 trillion Iraqi dinars, while expenditures were estimated at 129 trillion.
The price of a barrel of oil was calculated in the budget at 45 dollars instead of the Iraqi dinar, and the government's proposed price for the dollar was fixed at 1450 dinars per dollar.
Parliament also voted on the Kurdistan region's share of 12.67 of the size of the general budget by about 10 trillion dinars.
The passage of the 2020 budget stumbled due to differences and a financial crisis, at a time when Iraq voted on the general 2019 budget, which amounted to 106 trillion dinars, while expenditures were estimated at 133 trillion dinars, with a deficit of 27.5 trillion dinars.
Forgiveness of Lights
Rouhani: The fruits of the ties between Iran and Iraq guarantee the stability of the entire region
Iranian President Hassan Rouhani stressed that the Iranian and Iraqi economies complement each other and would raise the joint trade exchange to $20 billion, stressing that the fruits of the ties between the two countries guarantee the stability of the entire region.
During his meeting with Iraqi Foreign Minister Fouad Hussein in Tehran today, Wednesday, Rouhani said that his country and Iraq, given the energies and economic opportunities available to them, are two economies that complement each other, calling for "taking steps to bring the volume of trade exchange to the horizon of $20 billion annually."
During the meeting, the Iranian president referred to the holding of the joint committee meeting between the two countries.
He added, "By following up on the agreements that took place in this committee and putting them into effect, we can take important steps in developing economic relations between the two countries."
The Minister of Industry from Damascus: Iraq is looking for balances and partnerships with all countries
Minister of Industry and Minerals, Manhal Aziz Al-Khabbaz, stressed the need to identify specific industrial sectors and activities to be a starting point from which we can proceed with focusing efforts and attention on how to establish facilities to proceed with cooperation between Iraq and Syria, stressing that Iraq is looking for shares and balances with all countries. The interest of Iraq is above everything.
During the expanded meeting held by the two sides in the Damascus Chamber of Industry and its countryside, in the presence of the Iraqi delegation, the head and members of the chamber, and a group of Syrian industrialists in various sectors, the baker indicated that "Iraq has capabilities in a number of industries, while it lacks other industries, which requires joint work for the purpose of returning them, especially in Industries in which Syria is strong, such as the textile and spinning industries, calling for the possibility of cooperation also in the industries of agricultural pesticides, veterinary medicines and the pharmaceutical industry, pointing out in this regard that the Ministry of Industry has many available opportunities and other possibilities to achieve partnership between the two countries.
In turn, the Syrian Minister of Industry indicated the keenness of the two parties to set the basic points of the work mechanisms, which indicates the desire of the two sides to find industrial joints that serve the two countries, stressing the readiness to support businessmen and industrialists in both countries to settle complementary industrial relations and provide an Iraqi-Syrian product that enters the market, pointing out that the Chamber The Damascus industry is one of the oldest rooms in Syria, and a group of Syrian industrialists belong to it, known for their ability to produce despite the conditions of war and siege
Zarif affirms Iran's readiness to develop economic cooperation with Iraq
Tehran, June 18, IRNA - Iranian Foreign Minister Mohammad Javad Zarif affirmed, during his meeting with his Iraqi counterpart Fouad Hussein in Antalya, Thursday, the readiness of the Islamic Republic of Iran to develop economic cooperation between the two countries
During the meeting, Zarif expressed his satisfaction with the agreements related to cooperation in the field of railways between Shalamcheh and Basra, stressing the readiness of the Islamic Republic of Iran to develop economic cooperation between the two countries.
The Iranian foreign minister pointed to the need to strengthen regional cooperation with neighboring countries in establishing regional security, and welcomed the start of regional security talks.
In turn, the Iraqi Foreign Minister described during the meeting the economic cooperation between the two countries as constructive, praising the support provided by the Islamic Republic of Iran to develop this cooperation.
Iranian Foreign Minister Mohammad Javad Zarif arrived in the Turkish city of Antalya on Thursday to attend the Diplomacy Forum meeting.
An explosion targets a convoy of support for the American forces in southern Iraq
On Thursday, a security source said that an explosive device had exploded targeting a convoy of logistical support belonging to the US occupation forces in the Diwaniyah Governorate in southern Iraq.
The source told Shafaq News Agency, that an explosive device was placed on the side of a highway in Diwaniyah Governorate , and it exploded, in the early hours of yesterday night, when a convoy of US forces passed.
No further details were provided, so far, whether the logistical support column has suffered material or human damage.
Yesterday evening, a security force thwarted a detonation that was intended to target a convoy of logistical support for the American coalition, west of the capital, Baghdad.
In the past weeks, the frequency of attacks targeting the American occupation forces has escalated, as attacks have taken place on an almost daily basis.
The Iraqi resistance factions had announced earlier that they would target US forces if they did not schedule their withdrawal from Iraq.
Al-Kazemi receives the ambassadors of the European Union countries in Iraq
Today, Thursday, Prime Minister Mustafa Al-Kadhimi received the ambassadors of the European Union in Iraq, and discussed with them the monitoring of elections and the continuation of support for Iraq in its war against terrorism.
A statement by his office, of which Al-Nour News received a copy, said, "During the meeting, they discussed Iraqi-European relations and ways to develop them, stressing the importance of European support for Iraq in its war against terrorism and in the field of election monitoring, and renewing European support for UN Security Council Resolution No. 2576, which supports To contribute to the international monitoring of the Iraqi elections.
During the meeting, Al-Kazemi stressed, "The government has prepared all the requirements for holding the early elections on time, on October 10, and providing the appropriate conditions to ensure that their results are the true expression of the will of the Iraqi people."
For their part, the ambassadors expressed the European Union's support for the Iraqi government's directions aimed at imposing the rule of law and economic reform, as well as its growing interest in developing investment opportunities that will result in providing more job opportunities.
The ambassadors of the European Union expressed their confidence in the government's ability to meet the demands of citizens, achieve their aspirations for a dignified life and fulfill human rights standards.
The ambassadors affirmed the readiness of the European Union and its states to provide the support that Iraq needs to organize early elections, according to the priorities set by the Iraqi government, and in a manner that promotes broad participation and respects Iraqi sovereignty.
Below here is the daily WOTS the "Word on the Street" report
The exchange rates of the dollar and other foreign currencies in the local markets on Thursday, June 17, 2021, according to the monitoring of specialists.
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1449.6000 |  1499.6000 | 1457.3000 | 1457.2000 | 1457.2000 | -0.1000 | 08:40 |
| USD/VND | 22960.0000 | 22970.0000 | 22930.6000 | 22927.0400 | 22927.0400 | 4.9500 | 03:22 |
| USD/CNY | 6.4308 | 6.4328 | 6.4319 | 6.3961 | 6.3964 | 0.0342 | 05:11 |
| USD/KWD |  0.3007 | 0.3017 | 0.3007 | 0.3006 | 0.3006 | 0.0000 | 05:01 |
| GBP/USD | 1.3961 | 1.3961 | 1.4008 | 1.3960 | 1.3982 | -0.0022 | 05:11 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14472.0000 | 14472.0000 | 14474.0000 | 14325.0000 | 14420.0000 | 53.0000 | 05:11 |
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Iraqi Articles:
The price of Basra Light and Heavy crude rose on Thursday, in conjunction with the rise in the prices of OPEC basket oil.
The prices of Basra Light crude, exported to Asia, recorded $74.25 a barrel, an increase of 0.30%, while Basra Heavy crude rose to $70.60 a barrel, an increase of 1.82%.
The price of Saudi Arabian Light oil was $74.10 a barrel, while the price of the UAE Murban blend was $73.70 a barrel, and the Algerian Sahran blend reached $74.10 a barrel, while the Nigerian Bonny Light scored $74.68, and the Angolan Girasole $64.54.
Despite the rise in the OPEC basket, world oil prices fell today, bringing Brent crude to $74.09, and West Texas crude to $71.88 a barrel.
The price of Basra Light and Heavy crude rose on Thursday, in conjunction with the rise in the prices of OPEC basket oil.
The prices of Basra Light crude, exported to Asia, recorded $74.25 a barrel, an increase of 0.30%, while Basra Heavy crude rose to $70.60 a barrel, an increase of 1.82%.
The price of Saudi Arabian Light oil was $74.10 a barrel, while the price of the UAE Murban blend was $73.70 a barrel, and the Algerian Sahran blend reached $74.10 a barrel, while the Nigerian Bonny Light scored $74.68, and the Angolan Girasole $64.54.
Despite the rise in the OPEC basket, world oil prices fell today, bringing Brent crude to $74.09, and West Texas crude to $71.88 a barrel.
The Governor of Basra calls on the Ministry of Finance to activate the “Petro Dollar Fund” to ensure the inclusion of new projects in the governorate
The Governor of Basra, "Assaad Abdul Amir Al-Eidani" called on the Ministry of Finance to activate the "Petro Dollar Fund" to ensure the inclusion of new projects this year in the province.
Al-Eidani said, according to a statement, that one of the most important of these projects is the treatment of water scarcity, desalination and infrastructure, as well as the projects of the 25th Gulf Championship, pointing out that it is the only and optimal solution to implement these vital and important projects in the governorate.
An explosion targets a convoy of support for the American forces in southern Iraq
On Thursday, a security source said that an explosive device had exploded targeting a convoy of logistical support belonging to the US occupation forces in the Diwaniyah Governorate in southern Iraq.
The source told Shafaq News Agency, that an explosive device was placed on the side of a highway in Diwaniyah Governorate , and it exploded, in the early hours of yesterday night, when a convoy of US forces passed.
No further details were provided, so far, whether the logistical support column has suffered material or human damage.
Yesterday evening, a security force thwarted a detonation that was intended to target a convoy of logistical support for the American coalition, west of the capital, Baghdad.
In the past weeks, the frequency of attacks targeting the American occupation forces has escalated, as attacks have taken place on an almost daily basis.
The Iraqi resistance factions had announced earlier that they would target US forces if they did not schedule their withdrawal from Iraq.
Two ways for the government to address the economic crisis and ensure that it does not recur
link
A member of the Parliamentary Finance Committee, Jamal Kougar, confirmed today, Thursday, that the government has only two ways to address the economic crisis and ensure that it does not recur in the future.
Cougar said in an interview with Alsumaria News, "The current government has gone through many crises and obstacles during its work period, and today it is going through an economic crisis and is unable to face its repercussions after its decision to change the dollar exchange rate," noting that "the government has only two ways to address the crisis and ensure that it does not recur in the future." The first is the increase in the state’s resources. Unfortunately, we say that we were unable to transform from the previous situation as a rentier state to a multi-resource state, which makes us rely only on oil prices, and if they rise, there will be an economic recovery, and if they decrease, an economic crisis will occur
Cougar added, "The second issue is related to the existence of great waste in state budgets, and therefore the treatment is through combating corruption in a realistic and significant manner and transforming work into an electronic and institutional government so that resources and budgets are controlled," noting that "the rise in oil prices at such levels or increased. More so, the government will be able to bridge the deficit, especially since the government has clearly stated that until the end of May, it was able to add five billion dollars to the bank reserve, and this means that the continuation of these prices will lead to exceeding the real deficit and we may have financial abundance
CBI Update: Just a note:
including $36,570,000. CASH ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
6-16-2021 Intel Guru Bruce [via WiserNow] ...obviously we have a moving target...and obviously they were shooting for something and the target moved on us – AGAIN... everything is lined up and ready to go – funds have been in place – the new system is working flawlessly...I have been told by one banker...“This is the week”...we have a lot to look forward to...I think July 4th could be a real “Independence Day”...
6-16-2021 Intel Guru Holly The news is everyone is still saying, by the end of this week the final release and notifications should come out...Again, do not shoot the messenger if it does not happen this week. But everyone is saying the same thing...We can see the progress with Iraq and the news coming from them. Iraq made the 1st move with their rate December 20, 2020. Then 60 days later, Changed it again. That was February 20th, then again April 20th. Logically the next date is JUNE 20th! There is a pattern and Iraq is clearing their debt. They are article 8 compliant. They are ready and it seems the whole world is ready.
6-16-2021 Newshound/Intel Guru Petra We've got nothing to share. Nothing going on. It's kinda boring. NOT! :) ...The Group of Seven [G7]...it made a very clear statement. It said that the G7 supports the sovereignty and independence of Iraq. That's the largest, financially most profitable countries in the world recognizing the sovereignty and independence of Iraq. That to me is a very clear clear statement of how they feel and where they feel Iraq is at...
6-16-2021 Newshound/Intel Guru Walkingstick [via Frank26] There is a date...The economic reform date is the same as the monetary reform date...There is a date written in stone and it has not changed of when the new small category notes, of when the new exchange rate, is scheduled to be released. IMO that date gets closer and closer... although the process of the education has just started...it is the words and explanation of this education that will instill confidence not only in the dinar, not just in the citizens of Iraq, but in the monetary reform itself...
6-16-2021 Intel Guru MarkZ [via PDK] A number of paymasters are refusing to go back to the bank unless they are guaranteed the money …well, banks are guaranteeing the money so they will go back in today. We will be watching this closely. [What is a paymaster?] A paymaster is like a esgrow agent…but on a much larger scale. They are licensed…many are attorneys…they aggregate funds to distribute... Think of it as an attorney at a closing on real estate. The news from all the paymasters has been exceptionally good all around the world. Lots of talk about liquidity beginning today... This could be it…I hope so… buckle up…we are so painfully close...
6-16-2021 Intel Guru Frank26 IOO The CBI is coming out and they...started, what we call, 'promoting' the true exchange rate...the CBI is now starting the campaign...They are starting to promote the education of the monetary reform to the citizens and the world to put an end to the fluctuation in the market prices...The CBI is now making it clear not just to the citizens but to the whole international community that only the CBI has the authority to change the currency's rate...Based on the articles...you are now seeing the campaign.
6-16-2021 Intel Guru FootForward Article: "Iraq Trade Bank - External remittances (SWIFT)" Quote: "You can now transfer to all countries of the world through the application of banking services from the Iraqi Trade Bank..." Article: "Barzani announces that an agreement has been reached to receive the region’s dues in the budget with a “retroactive effect" " I would argue the news about Barizani is bigger then the swift thing. I understand you need to be international for the swift stuff. But you also need the kurds for the dinar to be worth much.
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