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Thursday, August 10, 2017

KTFA UPDATE, 10 AUGUST

DELTA:  FRANKIE.... AT MARK 1:16 IT IS IN ENGLISH ...Abadi: "Iraq also exited from the UN's Chapter Seven"   PM  praises the development of Iraq's economy and encourages investment and diversification in his weekly press conference: pic.twitter.com/TUGjYNBzVG

Walkingstick:  Simple, what we read.. much, days and or weeks old...  Ch VII
R & R .. under /reform/ audit, have been for some time... UST and IMF assistance... Warka, in line... Yes... continue.. watch Kuwait and Saudi..............Regards...

Frank26:  This MR ................. Is becoming Fun........ TY WS

DocMagee94:  Whoa!  EXITED CHAPTER 7???  Wow!!!  

Frank26:  We have been telling our KTFA FAMILY this for 3 to 4 weeks now ....... Today ..... A whispered it to ...... You..... Please enjoy........ ......... Now prepare Yourself on .............. What we are able to SHARE ......... Soon
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Note:  There are no call notes transcribed yet….we will post if any become available.

KTFA Wednesday Night Conference Call  8-9-17

The first part is Business Promo and the second part is Dinar/Iraq Intel

PLAYBACK # : 641.715.3639     PIN: 156996#

https://fccdl.in/JE52j6mnx

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Frank26:  KTFA FAMILY ................... Your last 2 CC's are swollen with information ......... Things the internet does not even know about nor able to explain.

For one of the rarest time .......... i hope they copy and paste us ........ Then i hope they Understand. 

KTFA FAMILY .................. IMO .......... How You STUDY YOUR investment right now will reflect the potential of it. Once the RV happens ............. My prayer is You are not Squandered ......... Nor Lost.

Aloha Dreams ............ Be Strong ........ Then Learn to become even STRONGER \m/  

DELTA:  I AGREE

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Samson:  Report .. Electronic payment removes the "dinar" from pockets of personnel in Iraq

 10th August, 2017

Al-Arabi newspaper published a report in which it said that there are efforts by the Iraqi government to expand the dependence on electronic payment cards (ATM), to give employees salaries, which paves the way for reducing the deal in paper currency "dinar".

"The Baghdad government is adopting a plan to implement the" digitization "of salaries, hoping to complete them in 2020," the report says.

The "settlement of salaries" means disbursing directly through banks instead of delivery to employees in the workplace, through a special account opened to the employee at the bank and drawn by the electronic payment card, or receipt in cash.

The newspaper quoted experts and officials that "the system is prevalent in many countries of the world with the expansion of banking business and services, and with the increasing volume of electronic transactions, it had to be applied."

They pointed out that "the application will contribute to reduce the time and effort and cost, in the transactions of banks and transactions of citizens of different financial, in addition to reducing the handling of cash and risk."

The process of "settling salaries" 19 government and private banks and foreign. The number of employees in the public sector who earn their salaries by cards is about four million to one million in the private sector.

The mass of wages in Iraq 35 trillion dinars (27.5 billion dollars), according to earlier statements of Abdul Zahra Hindawi, spokesman for the Ministry of Planning and Development Cooperation.

The number of Iraqis earning salaries and pensions, along with monthly benefits of about 7 million, is estimated to be expected by the government before 2020, while accurate figures on the private sector are not available.

The Iraqi Electricity Ministry said in a statement that the Iraqi Trade Bank (Hukoomi) will issue "MasterCard" cards to ministry employees free of charge once if an account is opened inside the bank. The second time the cost of the issue will be 40 thousand dinars (32 dollars) if lost.

The ministry added that the Iraqi Trade Bank will set up ATMs at the Ministry of Electricity to pay employees salaries on time when the information is sent to the bank by the ministry. The salary of the employee will be 2000 Iraqi dinars (less than two dollars), regardless of its value.

She explained that the employee has the right to withdraw his salary from any ATM outside the headquarters of the ministry, and bear the cost of less than 3 dollars, if the bank outside the framework of the Iraqi Trade Bank.

In a press statement last March, Christine Goz, head of the International Monetary Fund's mission to Iraq, said Iraq needed more reforms to create fiscal space for overall growth, boost the business environment, reduce corruption and reform the banking sector to support growth. Led by the private sector, and diversification into the economy.

He pointed out that the sharp drop in oil prices caused the decline of the total international reserves of Iraq, and that the total public debt rose from 32% to 64% of GDP in the period from 2014 to 2016, and slowed growth in credit and increased non-performing loans at the state-owned banks and banks Especially during the past year   LINK

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Samson:  Ten million people receive state salaries in Iraq

9th August, 2017

A member of the parliamentary committee on economy and investment Najeeb Najib on Wednesday revealed the number of people who are paid by the state as employees, retirees, social welfare and some other attributes related to the state.

"The number of people who receive salaries from the Iraqi state as employees, retirees, social welfare and other attributes dependent on the state is 10 million people," Najeeba told Iraq News.

She added that "these salaries are secured by the central bank reserves and revenues of oil and other revenues on which the budget depends, but the state does not carry the burden on the budget, so there are no new appointments except the deletion and development and some individual appointments that occur

http://aynaliraqnews.com/index.php?aa=news&id22=80265

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