KTFA (MilitiaMan & Samson)

  In KTFA

Samson:  Al-Rafidayn begins distributing the salaries of retirees for the month of July  

Al-Rafidain Bank announced that it started distributing the salaries of civil and military retirees for the month of July.

The bank’s media office said in a statement that the Al Furat News Agency received a copy of it, that “the salaries of civil and military retirees for the month of July were commenced through electronic payment tools.”

The statement added that “civil and military retirees can received their monthly salaries from wherever they are”.  Al-Rafidayn begins distributing the salaries of retirees for the month of July  LINK

MilitiaMan:  Oh look no further.. ELECTRONIC PAYMENTS… Gotta love how the translations seem to muddy the water..They started, then they commenced, received and or begin distributing the salaries.. Well which is it?  lol ~ MM

Samson:  A deputy defines an order that strengthens Iraq’s economic ties

5th July, 2020

A member of the Economic Committee, Nofal Al-Naseen, on Sunday, specified an order that strengthens Iraq’s economic relations.

The young man said, “The diplomatic openness by sending political and economic delegations to brotherly and friendly countries will enhance Iraq’s economic relations and increase the volume of trade exchange and facilitate the export of Iraqi agricultural or industrial products to some countries as a trade exchange, which achieves revenue for the budget.”

And the youth added, “These visits will reflect positively on our relations with the world, in addition to that they are considered one of the sources of the economic strength of the country that enhances the wheel of the economy and growth, in addition to enhancing the region’s political stability.”

He pointed out, “The implementation of the government program will support the Iraqi economy, maximize the country’s imports and enhance Iraq’s international standing, in addition to supporting cultural and commercial exchanges and contributing to enhancing the security of the region by adopting projects of a joint strategy.”  LINK

MilitiaMan:  From the looks of things they have been making inroads and great strides in getting ready for the new market economy. The WB leader spoke of the need to get this moving.. The below was in 2017 – 2018 State Department data. So the unified customs system is not a new one (positive)  and by now should be fully operational and with transparency to facilitate the monies to Baghdad. This is another piece of support that they had a new market economy in the plan, as the White Papers pointed out. They go so far as suggest they have exports in mind in the above, in regard to trade exchange. (See below). Again this bodes well now for the reforms to be put in place that Kahdemi has mentioned to be in place within 60 days. The first phase should be upon us now.. imo.. Not later.. jmtc ~ MM

“Recent positive signs boosting confidence in the IKR economy include a stable oil price, the resumption of budget support to the Kurdistan Regional Government (KRG) from the central government, and initial agreements between the GOI and KRG on issues such as a unified customs system and the shipment of Kirkuk oil through the IKR pipeline to Turkey. According to the Kurdistan Board of Investment (BOI), the total capital of licensed projects in the IKR in 2018 increased by over 340 percent compared to 2017.”

https://www.state.gov/reports/2019-investment-climate-statements/iraq/

“An association of businesses formed for the purpose of trading with one another, using mutual credit to keep account. Typically the lead business will run the exchange, performing a brokering services and providing (or renting) an online marketplace for members to meet their reciprocal needs and register their transactions. Also known as business barter

Thousands of trade exchanges exist, some independent and some belonging to regional or global networks. The two most prominate associations for Trade Exchanges are IRTA (International Reciprocal Trade Association) and NATE (National Association of Independent Trade Exchanges).

There are numerous benefits to business bartering, some of which include, large referral network of businesses/services, easing cash flows problems/saving cash, filling empty time slots (professionals, stylists, etc), filling empty hotel rooms, unloading excess inventory, using trade to attract cash customers (advertising), gaining access to a directory of other member businesses, from which they can purchase and sell dollar for dollar. Reputable trade exchanges have physical locations with sales people & brokers and are not just “online” exchanges. Trading in this way can ease cashflow problems and help turn inventories around.”

https://en.wikipedia.org/wiki/Trade_exchange

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

Samson:  Al-Diwaniyah Governor is pledging the distribution of employees’ salaries upon the arrival of a notice from the Central Bank of Iraq

5th July 2020

Diwaniya Governor Zuhair Ali Al-Shaalan announced the completion of financing the disbursed salaries of state employees in the Diwaniyah governorate from the Ministry of Finance (Education, Health, Agriculture, Governorate Governorate, Labor and Social Affairs, Sports and Youth, Municipalities and Housing) and with the follow-up of the technical assistant head of the Financial and Administrative Department in the Department of Governorate Muhammad Jubouri.

He added in a statement: The financing of the salaries of the employees of the departments related to the state treasury (police, traffic, nationality, border police, civil defense, and irrigation department) has been completed, and with the follow-up of the director of the state treasury, Hazem Al-Badiri.

He confirmed that the salaries of state employees will be distributed immediately upon the arrival of the notice from the Central Bank of Iraq to the Rafidain Bank, on the right side, who will send the accredited tomorrow, Monday to the capital, Baghdad, for that.

He noted that the delay in paying the salaries of state employees occurred in all governorates of Iraq and not one province without the other because of administrative procedures for the central government in Baghdad.

MilitiaMan:  So the delay was in all governates and not just one province. Therefore, we could deduce they’ll get paid all at the same time and electronically. So rolling out over time trhough 07/15/2020 is looking to be fake news after all.. imo hmm !~ MM

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

Samson:  Work is preparing to launch a second supplement to the rejected cards

5th July, 2020

The Ministry of Labor and Social Affairs announced, on Sunday, that the Ministry of Social Protection in the Ministry has completed its technical and financial procedures to launch the second supplement of subsidy salaries during the current week, for the cards that were previously suspended for various reasons.

The ministry stated in a statement, “Minister Adel al-Rikabi valued the extraordinary efforts of the social protection staff, which continues to work continuously, even during the days of embargoes and holidays, in order to carry out the tasks entrusted to them that serve the families covered.”

“As for the salary of the fourth installment, the Ministry of Finance has promised the Ministry of Labor to release the funding within two days, and if the financing comes from the Ministry of Finance, the fourth installment will be launched within the coming days,” she added.  LINK

MilitiaMan:  So what changed that required them to suspend their cards? Was it because the electronic system went down with a “E” – COVID – 19 VIRUS? lol Or could it have had to do with the delay for everyone’s salaries to be adjusted accordingly to reflect their new purchase power? Time will tell. As, the timing of this is by my view no coincidence… We shall see in the coming days or within two.. lol ~ MM

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

Popeye7:  Thanks again MM for your commentary on this epic process… IMO, I believe all is done, and we are just waiting for the moment the dinar is scheduled to be unleashed…Diversions abound as you indicated MM.. It will be a shock to the world… Just as it was in Star Wars Episode 6 when the Rebel fleet were surprised that the 2nd death star was fully operational.. Here is the clip: Iraq is Fully Operational… Notice the green laser from the death star.. Imagine that being US dollars being injected into our bank accounts…  Iraq is Fully Operational…    https://www.youtube.com/watch?v=PzAc_sx9gcI

MilitiaMan:  Lets hope the new system to pay is fully operational.. lol ~ MM