Zig’s Place Chat and News Late Thursday PM 5-20-21
Zig’s Place Chat and News Late Thursday PM 5-20-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
BobbyC I still watch the development process from monetary and economic numbers to global standards as far as ease of doing business and the corruption index. Lately they got slapped on freedoms of the press which is always a global black eye
BobbyC Oh and also their suspension from the Extractive Industries Transparency Initiative which will be HUGE in allowing international investments into Iraq. No way Iraq can mange their natural resources without outside help, no outside help, there will always be extensive corruption. Hence the HCL :) Back to the PGA Championship
butterfly Parliamentary Finance expects the date for resolving government appeals in the budget
05/20/2021 23:37...................{Economic: Al Furat News} The Parliamentary Finance Committee expected the date for deciding on the government's appeals to the 2021 fiscal budget law before the Federal Supreme Court.
Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. Committee member Naji Al-Saeedi said in a press statement, "The government has challenged some items of the current year’s budget that it considers to be an" absolute executive authority, "which concerns the committee's scrutiny of budgets before sending them to the Ministry of Planning, as well as items related to degrees of deletion and creation that were originally removed from the budget. That "these appeals are decided within the next two weeks."
He added, "The government has challenged the Finance Committee's deletion of paragraphs relating to funds that it deems to be surplus to need, while the government considers it to be key articles."
He noted that "it is not possible to amend the budget law because this means the need to legislate a new law, but appealing to the budget clauses is a legitimate right of the federal government, pointing out that" the budget is valid and the appeal does not affect that, except in the event of a judicial order. "
The federal government had confirmed its intention to challenge some of the budget items and considered that the amendments made to it by Parliament affect the health, electricity and other sectors, indicating that the appeal will also affect the article related to regional development projects, and it has also stressed the need to separate the authorities in the country.
butterfly Trade in Baghdad and Kurdistan discuss the marketing season and the work of the joint supervisory committees
05/21/2021........{Economic: Al Furat News} The Director General of Commercial and Financial Supervision at the Ministry of Trade, Muhammad Hanoun, met with the Deputy Minister of Trade and Industry in the Kurdistan Regional Government to discuss the creation of a joint working mechanism for supervisory work, the participation of the supervisory teams affiliated with the center and the audit of the work of the branches of companies in the region As well as checking the mechanisms of the marketing season for 2021.
A trade statement said, "The Director General of Commercial Control at the Ministry of Trade, Muhammad Hanoun, met the Deputy Minister of Trade and Industry in the Kurdistan Region, and during the meeting, joint work mechanisms were discussed as well as joint work and a coordination mechanism for the control teams at the regional government and center level.
The statement added, "The meeting discussed the possibility of solving the problems found in the branches of the ministry's companies in the Kurdistan region, following up the mechanisms of the marketing season and scrutinizing the types of wheat marketed by farmers and farmers."
butterfly Hanoun stressed, during the meeting, "the readiness of the Ministry of Commerce and the Commercial and Financial Supervision Department to provide all means of support in the supervisory bodies in Kurdistan in order to perform their tasks of follow-up, auditing and control, as well as benefit from the expertise in the control teams in the Ministry of Trade and the possibility of benefiting in return from the supervisory teams in the region." .
The Director General of the Supervision Department pointed out, "Directing the Minister of Commerce, Alaa Al-Jubouri, to provide all support and attribution to the departments of the Ministry of Trade in the region, for the purpose of carrying out their tasks as well as solving all outstanding problems and finding unified work mechanisms that contribute to improving the level of work and achievement, especially within the limits of the work of the Commercial and Financial Supervision Department." And the creation of joint audit and oversight mechanisms that contribute to developing the work of the oversight bodies in the Ministry of Trade in the Kurdistan Regional Government.
For his part, the Deputy Minister of Trade in the Kurdistan Regional Government stressed "the importance of exchanging visits between employees of departments and companies in the Ministry of Trade with the regional government, for the purpose of benefiting from experiences as well as finding joint work mechanisms that contribute to improving work and uniting efforts to confront corruption."
He pointed out, "The importance of following up the mechanisms of the marketing season," stressing that "the Kurdistan region contributes greatly to the success of the marketing season through the cultivation of large quantities of wheat crop."
butterfly A statement by the Ministry of Electricity on the news of Hantoush's intention to leave the post
05/21/2021 00:47:23............{Local: Al Furat News} The Ministry of Electricity responded to the news of Electricity Minister Majid Hantoush's intention to leave the post.
Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. To subscribe, click here
A statement by the ministry stated, "The Euphrates News Agency received a copy of it," "There is still a major targeting by some media and satellite channels that affects service institutions and federal ministries, cuts off partial clips and statements, and shades public opinion with untrue propaganda and promotes to incite the street with false news."
He added, "Some channels promoted that the Minister of Electricity, Majid Hantoush, wants to leave responsibility, which the Ministry of Electricity denies in whole and in detail, and that the minister is proud to assign him this national mission, through which he leads a ministry that provides services to citizens, carries out his work tasks on a daily basis and conducts his field trips under the shadow of The directives of the Prime Minister, Mustafa Al-Kazemi.
He pointed out that Hantoush "directs his staff to seek a high level of urgency in completing periodic maintenance of production stations, and plans to break bottlenecks, and complete projects so that this ministry will continue as part of the solutions government, not a crisis government."
butterfly The statement continued, "Accordingly, the Minister of Electricity recommends all the electricians that we are all facing a great legal, national and moral responsibility. We have accepted its challenges and we are still working as state and public sector employees, and we will continue to strive to be up to the responsibility and at the good opinion of our people, and everyone should not exploit job grades and carry out their duty." Providing the public service that our people deserve, despite the economic and health repercussions we work with. "
butterfly Foreign Minister: The dialogue between Iraq and the United States will reformulate the building of the two countries' relations
05/20/2021 23:18..........{Iraq: Al Furat News} The Minister of Foreign Affairs, Fuad Hussein, confirmed that the dialogue between Iraq and the United States will reformulate the building of relations between the two countries.
Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .
The ministry statement stated, "Al Furat News" received a copy of it, that "this came during a meeting with his Dutch counterpart Steve Block in The Hague yesterday evening," stressing "Baghdad's keenness to strengthen the mechanisms of bilateral cooperation at various levels in order to achieve the common interests of the two peoples."
Hussein indicated that "the support provided by the Dutch side to Iraq shows the distinguished level of relations between the two countries in all fields," praising "the support provided by the Netherlands to Iraq through the United Nations and other organizations in combating the terrorist organization ISIS, as well as the training support for the military forces. And the Iraqi National Security Council. "
butterfly An official statement .. The Israeli government announces its acceptance of the cease-fire .. and fixes the zero hour
05/20/2021 22:43......{International: Al-Furat News} The Israeli government confirmed in a statement on Thursday the truce decision with the Gaza Strip after 11 days of bombing.
Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. To subscribe, click here
The government said that it has not yet set a date for the truce to take effect, noting that the Hebrew media reported that the ceasefire will start from 2:00 am on Friday, according to the understandings with the Egyptians.
The Israeli authorities indicated that Egypt had proposed the Gaza armistice, and that it would be reciprocal and unconditional.
And it stated in a statement that the Cabinet held this evening and unanimously accepted the recommendation of all security chiefs, including the Chief of the General Staff of the Defense Army, the head of the Shin Bet, the head of the Mossad, and the head of the National Security Authority, to accept the Egyptian proposal for a ceasefire by both parties and without No conditions.
The statement indicated that the Chief of the General Staff, the army chiefs, and the Shin Bet chief presented to the ministers the great achievements that Israel had made in the battle, as they considered some of them unprecedented.
The statement pointed out that the political level confirmed that the reality on the ground will determine the continuation of the battle.
It is worth noting that Cairo officially informed the Palestinian factions that the ceasefire will come into effect at exactly two o'clock in the morning and will be synchronized and reciprocal.
butterfly Israel agrees to the cease-fire
05/20/2021 22:09:09........{International: Al-Furat News} Israeli media said that the security cabinet approved a cease-fire in the war with the Palestinian resistance and the bombing of Gaza.
Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .
And the Israeli occupation media stated, "The mini government has agreed to a unilateral ceasefire that will start tomorrow."
She added that "Israel will respond to any launching of rockets or incendiary balloons from Gaza."
The Israeli Security Council announced that "a unilateral ceasefire has been agreed upon, and Egypt will be informed of this, and the truce will enter into force the second at dawn on Friday."
Wall Street stated that "Egypt has offered Israel and Hamas an unconditional ceasefire after which a permanent truce will be negotiated."
butterfly Twitter is announcing an important feature that is available to everyone
05/21/2021 00:59:05..................{Miscellaneous: Al Furat News} Twitter announced that the door will soon be opened to authenticate user accounts with a blue mark, to which the site's terms apply, with a step it took the last time in 2017.
Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .
Twitter said in a statement Friday, that every person on Twitter will receive a request to verify his account, during the next few weeks, gradually.
The site confirmed that it will respond to authentication requests within a few days of the user submitting his request, but the response may come after two weeks, depending on the size of the waiting list.
According to the site, its verification policy requires "that the account be complete" in terms of "the name of the account, a picture of the account, and a verified email or phone number."
Twitter said in its statement that the issuance of authentication requests is part of its plans to raise transparency and credibility on the platform, which helps verify the authenticity of accounts that enjoy great popularity.
According to the site, "the blue tick is one of the ways we help people distinguish the authenticity of accounts that have a lot of public interest. It gives people on Twitter more context about whom they're talking to so they can determine if they're trustworthy."
Twitter explained that the priority for documentation will be for governments, companies, brands and organizations, in addition to media organizations and journalists, entertainment and sports institutions, as well as activists, organizers and influencers.
"We plan to introduce more categories later this year, such as scholars, academics and religious leaders," he added.
butterfly .................I THIS WHAT EVERYONE IS WANTING TO READ?..................... 2021-05-20 15:13
Shafaq News / Iraq’s Parliamentary Economic and Investment Committee confirmed, on Thursday, that the exchange rate of the Iraqi Dinar against the US Dollar will remain the same until 2025.
"It was supposed that the new exchange rate will remain for one year, but the agreement of the political forces and the government breached the agreement that said the exchange rate of the dollar remains the same until 2025." the Committee member Nada Shaker Jawdat said.
“For this, the prices rose by 25%." She said “Prime Minister Mustafa Al-Kadhimi, the Minister of Finance and the Governor of the Central Bank have dared to change the exchange rate because they have a political approval," Jawdat continued.
Last December, Iraq’s central bank increased the sale price of U.S. dollars to banks and currency exchanges to 1,460 dinars, from 1,182 dinars, seeking to compensate for a decline in oil revenue due to low crude prices.
The central bank of Iraq said the key reason behind the dinar’s devaluation was to close the gap of widened 2021 budget inflation after a collapse in global oil prices, a major source of Iraq’s financial resources.
On March 2021, the Iraqi parliament voted on the first article of the budget law, which included to adopt the dollar exchange rate of 1450 dinars per dollar.
butterfly ........exceeds one year more than what the IMF said......................
butterfly 2021-05-20 12:41 Shafaq News/OPEC has said that an IEA report suggesting that investors should not fund new oil projects to curb emissions could lead to oil-price volatility if it is acted on.
The International Energy Agency on Tuesday said investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, in its starkest warning yet to curb fossil fuels.
The research division at the Organization of the Petroleum Exporting Countries, whose 13 members sit on 80% of the world's crude oil reserves, produced an internal briefing document on the IEA's report, a copy of which was seen by Reuters.
"The claim that no new oil and gas investments are needed post-2021 stands in stark contrast with conclusions often expressed in other IEA reports and could be the source of potential instability in oil markets if followed by some investors," OPEC's report said.
OPEC also said a scenario in the IEA's report could affect how companies invest and limit demand for oil. The producer group currently forecasts oil demand will recover strongly this year and continue rising until the 2030s.
"While the NZE (net zero) Scenario seems overly ambitious in terms of assumptions and results, it will certainly influence investment decisions, which may curb demand (growth) for fossil fuels such as oil and gas, as many policymakers and oil & gas companies use the IEA's scenarios for their strategic planning," OPEC said.
OPEC made the further point that for many developing countries, the route to net-zero emissions without international help was not clear and they would need technical and financial support to get there.
"Without greater international cooperation, global CO2 emissions will not fall to net zero by 2050," OPEC said.
Butterfly Dave Did you read up about the dnar? I posted?
Dave .Page 99 ....not there yet....
Dave 2025?
butterfly Bingo!
Dave Dang....was planning to retire sooner than that
sandyf @Dave sandyf going to call this new Iraqi currency IQN......? - It is up to the ISO what designation would be used for the new currency in the event of a redenomination, that would be issued about 4 months prior to implementation. Convention is they take the next letter from the name of the currency but IQI would be phonetically unacceptable so there is a good chance it could be IQN, or possibly IQA.
Dave Iraq has shown me nodda......still squawking about that 140 hcl etc
Dave Thought CBI determined all that....
Dave CBI did talk about fils as a currency...what are those?
Dave CBI even created some fils....but never relaesed them
sandyf @Dave sandyf suggests IQD /Dinar not the same...? - Every country has a monetary unit and an active currency, and for Iraq that is "Dinar" and the IQD. Turkey has the "Lira" for the monetary unit and TRY as the active currency, it was TRL before the redenomination.
Dave we have dollars...also called LOONIES
Dave confused IMF dont like MCP in IRAQ.....Fils IQD IQN USD......
Dave all 4....?
sandyf @BobbyC butterfly I think what SandyF is missing is at what rate will the new (ld's) co-exist with the new currency (hd's) If Iraq issues the LD's, we have a re denomination. - I am not missing anything, I posted a document on how it operates but if you are not interested in facts that is up to you. Iraq would have to pass a Bill through Parliament to implement a redenomination, any change to the monetary unit is a government matter, nothing to do with the CBI.
Dave sandyf ??????? Dave Guru Bantor?
butterfly sandyf I will keep my eyes out for a possible article.
BobbyC Sorry I put sand in your panty SandyF I'm not talking the process, I'm talking the end game. Next time I'll get "technical" for you. So are you saying the Iraqi Dinar will not be called the Iraqi Dinar during a re denomination process. Sorry I'm below your wizardry and I look forward to the education
sandyf @Dave CBI did talk about fils as a currency...what are those? - Fils are a subdivision of the monetary unit, 1000 fils make one dinar. The monetary unit in the US is the dollar and the subdivision is cents.
Dave CBI actually minted some cbi.iq.....has pics
BobbyC Isued em in 2004
Dave BobbyC minted never issued
sandyf @BobbyC So are you saying the Iraqi Dinar will not be called the Iraqi Dinar during a re denomination process. - Never said any such thing, the Iraqi dinar will always be the monetary unit of Iraq unless they pass a law to change that. In a redenomination it is the currency that changes, not the monetary unit. Currencies have an ISO code and that will change.
BobbyC Issued and melted lol....."Between 15 October 2003 and 15 January 2004, the Coalition Provisional Authority issued new Iraqi dinar coins and notes"
Dave CBI......
Dave what would have called these coins had CBI released them?
Dave IQJ....?J fer junk?
BobbyC Stupidity lol. That's why they were issued and withdrawn. Same as the 50
Dave 25 DINAR COIN.....1300 DINAR FER THAT COKE
BobbyC Most of that was done thru the Coalition Provisional Peeps
Dave mISSED THAT BOAT BobbyC
BobbyC That boat sunk before it left the harbor
Dave Yeah ....Shabs gets sacked.....
BobbyC Sad moment in Iraq's history
Dave Malaki......3 or 4 terms......
BobbyC yeah and then there's that lol
Dave Covid conspiracy curbed those Demonstrations
Dave Abadi gets sacked........
Dave postpone and delay........Maintains immunity and wealth
Dave always a crisis......Sectarism ISIS Covid........
Dave Hoped those Protesters were on to something..........
Dave New PM .....no change
Dave oops ...Have a Federal Supreme Court now
BobbyC They were to a point. They want State jobs because that's the easy way out. Now some want the opportunity of entrepreneurship and that's our hope as well. The more payroll they put onto the State, the more screwed we are
Dave Require private investment laws passed protecting foreign investors........
BobbyC Well they have the Law, just don't abide by it. kinda like the Constitution
BobbyC The Constitution has Article 140 in it but is it recognized?
Dave Kuwaiti Conference gong show.....no law then
BobbyC Sure they had the Investment law but no backing
Dave BobbyC good point
Dave never imp=lamented
Dave 140
BobbyC No way it can be implemented
Dave No Major Oil investing in Iraq
BobbyC It's not just Art 140 in the constitution, it's Article 58 of the Coalition Provisional Authority that ties into 140. That's why it could NEVER be implemented and that's why they are recommending an amendment to the Constitution which requires a national vote
Dave Census complete yet?
BobbyC Not even close
Dave Kurds will just continue pumping from Kirkuk
BobbyC Good point and that's the melting pot around 140 and why the Kurds didn't do what they were supposed to do in 2007 (may have been a census but don't quote me on that)
Dave Peshmerga will never get paid fer policing against ISIS...round round we go
Dave just yadda yadda
BobbyC kick the can
BobbyC but we're on the verge of a revalue!
Dave BobbyC dont pay fer that subscription
BobbyC Dave :LMAO:
Dave Tier1 royalty rate fer me
BobbyC I'm screwed. I think I'm Tier 2985
Dave I have pics of me sitting on Pope John11 lap.......family friend
Dave Cabal forces on my side
BobbyC That gets you to Tier 1? I need to start sittin on some laps instead of gettin Lap Dances
Dave Pope......!
Dave dont know any of the Chinese Elders though
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