JJimmyJJ: If anyone is curious about how Trump feels about international monetary policy,  here are two tweets from his account today (Monday)  :

Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers. Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries.

The Federa Reserve should likewise act so that countries, of which there are many, no longer take advantage of our strong dollar by further devaluing their currencies. This makes it very hard for our manufactures & farmers to fairly export their goods. Lower Rates & Loosen – Fed!”

It should be perfectly clear that Trump hates devalued currency, and that he wants all countries to compete on a level playing field in regards to monetary supply. IOW, Iraq shouldn’t think for a second that the US will allow them to keep their currency at a program rate (or,  more accurately,  that the US will allow Iran to keep Iraq at a program rate).

Monday Night CC 12-2-19

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Samson:  Ki: Electronic payment supports economic reform

3rd December, 2019
The expansion of electronic payment is an important step that supports the paths of economic reform and the trends of economic recovery, a company official said.

The source added that the adoption of electronic payment in all financial operations bring great economic benefits for the country, and makes the tracks of funds in the direction of security away from forms of manipulation. He pointed out that the expansion of electronic payment means more direct and indirect employment opportunities for a wide segment of young people.

The financial expert d. The appearance of Mohammed Saleh between the adoption of fingerprint in electronic payment is an important step and safer in electronic payment, pointing out that the footprint helps prevent all forms of manipulation that may accompany the process. He praised the efforts of KNC, which represents a mixed national sector that has proved itself and led to the detection of cases of excess of public funds.   LINK


Samson:  Upcoming meeting of more than 120 deputies with the President of the Republic to discuss the selection of the Prime Minister

10:18 – 03/12/2019

The head of the Bayrak parliamentary bloc, Mohammed Al-Khalidi, on Tuesday, a meeting expected with President Barham Saleh with more than 120 deputies to choose the prime minister for the next, indicating that the deputies will submit a document signed by them showing the specifications of the candidate.

Khalidi said in a statement to the information that “more than 120 deputies will meet with the President of the Republic at eleven o’clock this day at the Peace Palace in Baghdad,” indicating “the meeting will include the definition of features and specifications of the next prime minister, according to a petition to be submitted by deputies to the President of the Republic.”

Khalidi said that “the petition stipulates that the prime minister is independent and that he does not hold another nationality and that he did not take senior positions in previous governments and there is no indication of corruption around it,” noting that “the deputies participating in the meeting do not represent their blocs, but their views.”

The MP from the Alliance Building Alliance Nassif confirmed in a previous statement to the / information /, that the names currently put in the media to succeed Abdul Mahdi after his resignation are the names of “burnt out” and can not be passed, pointing out that the conditions for the selection of the next prime minister are specific and must Be from outside the political formation and did not take office previously.   LINK


Samson:  Saleh calls for the involvement of the masses in the selection of a new prime minister for Iraq

3rd December, 2019
A delegation from the “Sairoun” alliance, backed by Sadr’s leader Muqtada al-Sadr, met on Tuesday with President Barham Salih.

“The delegation handed over an official letter from the parliamentary bloc” Siron “declaring its waiver of its electoral entitlement as the largest bloc, stressing that the people are the largest bloc and that the options for peaceful demonstrations are ours,” a coalition statement said.

“The president stressed the need to involve the public in the process of selecting the next prime minister.

 The delegation included “Saraon” MP Sadiq al-Sulaiti, deputy head of the bloc and MP Hamdallah al-Rikabi bloc spokesman.    LINK

Samson:  Seven banks won membership in the Board of Directors of the Iraqi Deposit Guarantee Company

10:40 – 03/12/2019

The Association of Iraqi private banks, on Tuesday, won 7 private and government banks membership of the Board of Directors of the Iraqi company to ensure deposits elections of the General Assembly, which took place at the headquarters of the Association.

The Executive Director of the Association of Iraqi private banks, Ali Tariq in a statement received / information / copy of it, that “a meeting of the General Assembly of the Iraqi company to ensure deposits, a joint-stock company with a capital of 100 billion dinars in the presence of the Central Bank of Iraq and the Department of Companies Registration in the Ministry of Commerce and the Iraqi market Securities, the Retirement Authority and members of private and government banks in which the members of the board of directors of the company were elected.

Tariq added that the number of shares of the company is distributed between 25% for government banks and 30% distributed between commercial banks and foreign branches and the National Pension Agency, while 45% of the shares were offered for public subscription. He pointed out that “the winning banks on the board of directors are Rafidain, industrial, investment and development and the Iraqi National and Assyria and the guarantees company, pointing out that the banks that won the membership of the reserve are rational and Iraqi Trade” TBI “and credit, national and Mansour, credit and Erbil.

Tariq pointed out that “this company is one of the most important companies established at the moment because it aims to protect depositors and preserve their rights and restore confidence to the banking sector and encourage savings and public awareness of the system of guaranteeing deposits within Iraq and manage the process of compensating depositors efficiently and effectively,” noting that “the proportion of compensation Depositors will reach a maximum of 150 million dinars, the highest compensation rate regionally and internationally.   LINK

MadeeandLyndee:  This article is HUGE.


Samson: Kurdistan urges the completion of the later stages of the draft federal budget to ensure their rights

3rd December, 2019

The head of the Kurdistan Regional Government Masroor Barzani, on Tuesday, a meeting of the delegation of talks with the federal government.

A statement issued by the government that the delegation of the Kurdistan Regional Government presented during the meeting, details of the initial agreement during his talks with the Federal Ministry of Finance in Baghdad on the draft financial budget for 2020.

The discussions of the region were conducted under the direct guidance and supervision of the Prime Minister and resulted in the participation of the Kurdistan Region for the first time in the first stages of preparing the draft law draft budget 2020.

The meeting expressed the hope to implement what was agreed between the two sides, and urged the Kurdish blocs in the House of Representatives and other blocs to support the preparation of subsequent stages during the discussion of the draft budget, including securing the rights and financial constitutional entitlements to the Kurdistan region.

The Kurdistan Regional Government, the Iraqi Council of Ministers approved the draft federal budget law for 2020, before the resignation of Prime Minister Adel Abdul Mahdi from office.

The spokesman for the provincial government, Gutiar Adel, told Shafaq News, “The provincial government expressed its willingness to meet its oil obligations in return for the federal government’s commitment to pay the financial dues to the region in accordance with an agreement contained in the draft budget law 2020, which was approved by the Iraqi Council of Ministers before resignation.’

He said details of the agreement would be announced on Wednesday.

A delegation from the Kurdistan Regional Government held several meetings in Baghdad after which they reached an agreement on the federal budget 2020.

Under the agreement, details of which were announced by Iraqi Oil Minister Thamer Ghadhban, that the oil extracted from the Kurdistan region to the Iraqi Oil Marketing Company (SOMO), which will export through a pipeline to the Turkish port of Ceyhan at a rate of 250 thousand barrels per day. Under the agreement, the region sends oil at the beginning of the new year, and in return install the financial dues of the region from salaries and budget in the budget law of 2020.  LINK

Doodlebug:  Come on Salih, ANNOUNCE IT! I know you want to… here let me help you… “Citizens of Iraq, I am pleased to stand before you and announce to you that Baghdad and Kurdistan have finally executed.. (wait that is probably a bad word to use in the Middle East)… have finally reached an agreement after 15 years! Details about the agreement/Budget will be coming out tomorrow. We are proud of this Agreement and most importantly, We are proud of you, the citizens of Iraq!”

BlaqueBeauty:   This is what our ears need to hear

 “The provincial government expressed its willingness to meet its oil obligations in return for the federal government’s commitment to pay the financial dues to the region in accordance with an agreement contained in the draft budget law 2020, which was approved by the Iraqi Council of Ministers before resignation.” He said details of the agreement would be announced on Wednesday.”