KTFA (Samson)

  In Dinar Guru Updates, KTFA

Samson: Al-Rafidayn begins distributing the salaries of state employees for the month of April electronically

10:24 – 16/04/2020

Rafidain Bank announced on Thursday that it has begun distributing the salaries of a number of ministries and state institutions for the current month through electronic payment tools.

The media office of the bank said in a statement received / information /, a copy of it, that “the salaries of employees of some ministries and state institutions have been distributed from those whose salaries have been localized with the bank and holders of the electronic card MasterCard.”

The statement pointed out that “the payment of salaries will be according to specific contexts and dates.”   LINK

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Samson:  International Monetary: Approval of the postponement of the payment of debt installments of 25 countries

09:45 – 16/04/2020

The International Monetary Fund Board agreed to suspend debt service payments to 25 member states, including two Arab countries, to help these countries to face the repercussions of the emergence of the emerging Corona virus. The fund said that it was agreed to suspend the debt service for these countries for a period of 6 months as an initial stage, provided that it takes a similar decision regarding at least 4 other countries.

The list of countries benefiting from this decision included two Arab countries, Yemen and Comoros, along with Afghanistan, Benin, Burkina Faso, Haiti, Tajikistan, Chad, Congo, Democratic Republic of the Congo, The Gambia, Guinea, Guinea Pisa, Liberia, Madagascar, Malawi, Mali, Mozambique, Niger, Nepal, Rwanda, Sotome, Principe, Sierra Leone and Togo. Earlier, the fund said that deferring payments would cost 213 million dollars, which would be paid from a special account set up by the fund.

The fund’s management announced a fundraising campaign that would allow loan payments to the poorest countries to be deferred for two years. According to the fund, the suspension of debt payments will allow the poorest countries to channel these resources to vital emergency supplies. On Wednesday, G20 finance ministers agreed on a coordinated approach to suspending debt service payments due to poor countries from May 1 to the end of this year.   LINK

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Samson:  Al-Sistani’s office forecast: Saturday after next Ramadan12:40 –

4/16/2020

The office of religious authority, Sayyid Ali al-Sistani, expected, on Thursday, that Saturday, April 25, will be the start of the blessed month of Ramadan.

The office called for the perpetration of the blessed month of Ramadan, which it issued today, and published it on its website, to monitor the crescent of the month of Ramadan on Friday evening, April 24, which falls on the 30th of the current month of Sha`ban.

The office expected that the crescent moon will be on the horizon of the city of Baghdad at sunset at (6.39), up from the horizon 14 degrees and stay after sunset for an hour and 13 minutes.  LINK

Samson: Lagarde: The European Central is preparing for a major economic downturn

16th April, 2020

European Central Bank chief Christine Lagarde told policymakers from around the world Thursday that the bank is preparing for a “major contraction” of the euro-zone economy

“In the euro zone, the upcoming economic data, particularly the results of the latest surveys, have begun to reveal unprecedented declines, indicating a significant contraction in euro zone production, as well as a rapid deterioration of labor markets,” Lagarde told the International Financial and Monetary Affairs Committee   LINK