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Thursday, July 20, 2017

KTFA UPDATE, 20 JULY

Sheila:  Found this on Home - Gulf Commercial Bank
http://gcb.iq/?lang=en 

Welcome to the official website of Gulf Commercial Bank. We hope that you will find everything you need on this website.

I hope this is correct found it very interesting     Sheila

Will:    nice, from their site regarding masrtercards

The Master Card can be obtained from Gulf Bank branches

The card can be used 24 hours a day, 7 days a week

The MasterCard card operates inside Iraq and abroad

The card can be used on ATM machines and POS terminals and can also be used for purchases from the Internet
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RJG:  My thinking is:

1) bonds have already been sold or already in the process of being sold.

2) These bonds will not be sold to the people, so those that are in line to purchase such bonds have the money to do so and to do so quickly because they have a reason to.

3) A Billion dollars of bonds will be sold very very quickly, if not already done.

This is all just in my humble opinion and may not mean anything, but I do know and believe we are about to get of the first part of this ride, (second part 72-78 days will be fun)

Frank26:  i THINK You are .............. THINKING ............(Thumbs up)

Jeff61:  Regarding the new bond's being offered this month, my thought is that the bonds will not only affect the credit rating, but will be a major influence in the floating Forex exhange rate once the Dinar is released to the world.

Frank26:  Hmmm............. Lots of THINKING today .................(smile)

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Risk1:  So according to team intel..

Bonds= Fulfill budget gap & credit rating.................Budget= new rate.......IMF tells Iraq Budget better be done by end of this month......Hence if all goes as planned new rate shortly...

Yes condensed version

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DLR: Abadi met today with the affairs of the oil specialists; to advance the national oil law to the second legislative reading, access to the third reading and vote on it.

IF memory serves me correct this this HCL (hydro carbon Law)

One of the last steps MAYBE

DLR:  "Be the change you want to see in the world." ― Mahatma Gandhi

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Doc.K:  3rd FINAL READING AND VOTE !!!!!    IMF REALLY PUT A FIRE & THUNDER  DOWN UNDER .   ABADI's new nickname, SPEEDY GONZALES

Walkingstick:   Iraqi Parliament: Law "National Oil" below the level of ambition

Directly he said a member of the parliamentary committee of the Iraqi Oil and Energy, said that the current version of the law of the National Oil Company does not represent the aspirations of the oil industry in Iraq, citing Iraqi News Agency "INA".

He described Zahir Abadi, that document the "formula does not exceed nine materials," noting that it has been received by the presidency of the Iraqi Council of Ministers incomplete.

Abadi met today with the affairs of the oil specialists; to advance the national oil law to the second legislative reading, access to the third reading and vote on it. 

Abadi stressed during his speech on the importance of the National Company of the Iraqi economy, the desire to transform the company's headquarters to the province of Basra, being the capital of Iraq's economic.

Recall that in mid-March 2017 was voted the National Oil Company Law, and to allocate it to the House of Representatives.

The law covers the text of 9 items most notably, allowing the company to invest in all areas of oil and gas for all the territory   LINK

LoneStarCowboy:  ~~CAN YOU HEAR THAT?  IT MAY BE HARD BECAUSE IT IS TRAVELING AT THE "SPEED of LIGHT" !!~~ I feel, soon and very soon, we will see with eyes what our hearts only dreamed.

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Dr.K:  108 M  DINARS=  1:1 or better  !!!!!

Samson:  Trade: Construction achieved financial sales exceeded 108 million dinars in June 20th

July, 2017

General Company for the trade of construction materials in the Ministry of Commerce, announced Thursday, for the achievement of financial sales exceeded 108 million dinars during the month of June.

The company's general manager Adnan Jassim Sharifi in a statement to the Ministry "Economy News" received a copy of it, "the company's branches in Baghdad and the provinces achieved sales during the month of June amounted to (108,595.030) issued Najaf branch of Najaf ranked first in sales amounted to (21.5245 million) dinars," noting "The second place went to Baghdad branch amounted to (20.6555 million) dinars, and was ranked the third branch of Karbala, where reached (16.7555 million) dinars."

He added Sharifi, that "the sale of construction materials in Baghdad and all of the company's branches in the provinces through continuous processing lists of cash sales and all materials, according to the controls and instructions."

He pointed out that "his company's fleet achieved a 737 leap during the month of June, and came within the moves of the Ministry of Commerce plan to transfer the ration card items from the port and granaries complexes Alkhoznip all."

He explained, "These moves have made financial revenues back to the utility company, where an estimated (487 936 512) dinars within the transfer of the ration card items to all the provinces of Iraq, especially the areas that have been liberated from the terrorist gangs Daesh. 

http://economy-news.net/content.php?id=8327

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Samson:   The scenes of what took place after Iraq's invasion of Kuwait in 1990

 20th July, 2017

British press reports revealed that Britain was about to send its own troops to confront the former Iraqi president, Saddam Hussein.

The newspaper "The Guardian" British published a collection of documents and new documents released from the scenes of what took place, after Iraq's invasion of Kuwait in 1990.

Those documents revealed that the head of the late Minister, Margaret Thatcher, was preparing to take down units of special forces to Kuwait, but not to save its diplomatic mission, but to provide them with supplies and food necessary for their survival in the besieged British Embassy.

The story began after Iraq's invasion of Kuwait in August 1990, where Saddam Hussein granted the British Embassy and all foreign embassies in Kuwait deadline 3 weeks to move all their operations to the Iraqi capital Baghdad.

But British diplomats and all other embassies have refused to comply with the deadline, which Saddam Hussein paid to besiege those embassies and preventing supplies and supplies to force them either to leave or transfer their activities to Baghdad.

And began virtually all supplies of water, food and fuel from running out of the British embassy in Kuwait, in the period leading up to the Gulf War in September 1990.

And then he asked for Thatcher Percy Craddock, foreign affairs adviser to the veteran has, to investigate the possibility of using British special forces, to re-supply the embassy, ​​where he lived four diplomats, including ambassador supplies.

Despite the considerable fortifications that were enjoyed by the embassy, ​​high walls, ranging from 3 to 4 meters, topped by barbed wire, but Britain was afraid of the reaction of the Iraqi forces.

Said Craddock, then the prime minister, "there are tight on the embassy's control outside of the Iraqi infantry forces, and the diplomatic mission last them supplies for about 50 days until the end of October, yet they desperately need additional supplies of water, food and fuel."

He added, "We have discussed the possibility of using special forces in a military operation, but the military opinion was that the risks associated with that process will be much greater than the benefits, they were mines on the beaches, and Iraq had an air defense forces intensively in Kuwait, the Iraqi boats, naval patrols, we did not have any support submarine near Kuwait, was the issue of destructive feet or a frigate to approach the Kuwaiti coast pose a significant risk. "

He also pointed out that the issue of projection Parachutist for members of the special forces, they would be impractical, because they should be carried out by a helicopter, and it was unlikely to emerge from Kuwaiti territory if they proceeded to move, and they will cause to expose the whole process and the threat of the four diplomats existing embassy, ​​which could result in retaliation against them fatal.

The documents that the other idea was put forward to Thatcher, not a claim Kuwaiti resistance to drop small amounts of supplies behind the walls at night.

But he explained that because of the intense security at embassies, this is very difficult and dangerous.

Only the British they did not face the crisis, but the Americans, Germans and French diplomats as well, and then published the "Downing Street" telegram on 3 November 1990 confirmed it: Our man in Kuwait, confirms that he has hot dogs are very few in his kitchen, and they suffer from an acute shortage of resources.

She published the letter, saying that "the diplomatic mission to the possibility of eating just one meal a day of rice and pasta alternately, and we have currently only tuna cans tomato paste, taken from some of the workers, no longer able to make bread because of the flour run out."

The continued siege of the British Embassy until 16 December, prior to transfer its activities to Baghdad, as a prelude to the beginning of Operation "Desert Storm", which was launched in January, to force the Iraqis out of Kuwait.     LINK

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