Zig’s Place Chat and News Monday AM 3-29-21
Zig’s Place Chat and News Monday AM 3-29-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly Parliamentary Finance confirms to Nina the difficulty of reducing the dollar price in the budget
Monday 29, March 2021 09:47 The Parliamentary Finance Committee confirmed the difficulty of reducing the dollar price in the budget.
A member of the Parliamentary Finance Committee, Jamal Cougar, said in a statement to the Iraqi National News Agency / NINA /: "The requests of the political blocs related to the budget are many and large, including the reduction of the price of the dollar, and this is difficult to verify, given that all the paragraphs of the budget are based on an exchange rate of 145 / One thousand dinars per 100 dollars, and changing it requires a complete reformulation of the budget again. "
He stressed that: "The central bank cannot change the exchange rate of the dollar twice within a period of two months, given that the citizen will lose confidence in the central bank."
Cougar pointed out: "The change in the exchange rate came from the government and the central bank, and the budget has nothing to do with it, and therefore even if the budget is not approved, the current dollar rate will remain the same." https://ninanews.com/Website/News/Details?key=895885
butterfly https://ninanews.com/Website/News/Details?key=895877
An economist submits a proposal to address the consequences of the high exchange rate of the dollar against the dinar
Monday 29, March 2021 09:40 Economic expert, Raad Twig, presented a proposal to address the results and effects of the high exchange rate of the dollar against the dinar.
Twig said in a statement to the Iraqi National News Agency ( NINA ): "The Board of Directors of the Central Bank of Iraq, officially responsible for building monetary policy, must take into account the effects of the high exchange rate of the dollar against the dinar."
And he suggested that the Central Bank make exceptions to the exchange rate by selling the dollar at a low exchange rate to those who sell food and essential commodities for the Iraqi consumer basket and in accordance with what contributes to the decrease in the general level of prices. ”
He pointed to the high general level of prices in the annual inflation index in January of this The year 2021 increased by 3.3% compared to the same month for the year 2020, and this increase was concentrated in an increase in the goods and services index by 2.1%.
And he continued, "After granting exceptions in the exchange rate, it is possible to impose control on the prices of food and essential commodities after granting this privilege."
The prices of foodstuffs and basic commodities witnessed a remarkable increase after the increase in the dollar exchange rate against the dinar to 146 thousand dinars for every hundred dollars.
butterfly https://ninanews.com/Website/News/Details?key=895881
Salam Al-Shammari: Delay in approving the budget is an unacceptable matter that some blocs bear for special goals
Monday 29, March 2021 09:43 A member of the coalition / Sairoun / Salam al-Shammari held political blocs / he did not name them / responsible for the continuous delay in approving the state budget for the current year.
Al-Shammari said in a press statement: "The continuous delay has harmed the country's economic and financial situation and structure, and it is evidence of the desire of some to weaken the role of parliament, for political and electoral goals."
He added: "The" Sairoun "alliance with the approval of the budget quickly, and will never be an obstacle to it as long as it serves the country's situation and improves the condition of its citizens."
He stressed the need for the political blocs to be aware that the continuous delay is weakening the parliament and its influential role in particular and the political process in general, and they must accelerate the fulfillment of their duty towards their people.
butterfly https://ninanews.com/Website/News/Details?key=895986
The State of Law bloc to / NINA /: Promoting the inability to change the budget is a heresy that does not exist in any law
Monday 29, March 2021 16:56 The Parliamentary State of Law Coalition has renewed its affirmation of boycotting the upcoming session of the House of Representatives to vote on the draft General Budget Law 2021, in the event that the deputies do not receive the final final version of the budget approved by the Parliamentary Finance Committee.
Deputy Khalaf Abdul Samad said in a statement to the Iraqi National News Agency ( NINA ) that "the State of Law bloc will not participate in the voting session before it receives the final copy of the budget law, because the last version agreed upon by the Parliamentary Finance Committee has not yet been distributed to the representatives." And there are fears of tampering with the materials and proposals included in the draft budget. "
"If we do not receive the latest version of the budget law, some time before the date of the vote, we cannot enter the session hall," he said.
He added, "There is another obstacle in the statistical tables attached to the budget, where the materials are presented without their schedules, so it is necessary to submit the tables and vote on them before voting on the other materials." That the Kurdistan region is given twice the allocations of our governorates in the center and south that the state of law bloc cannot pass, so we will boycott the session for voting on the budget. "
And on the inability to change the exchange rate of the dollar in the budget, Abdul Samad explained, "There is a possibility for that under the supervision of the House of Representatives, and the parliament has the right to object to any item, paragraph, or inappropriate article in the budget." There is no law in it. "
butterfly He went on to say, "There are 30,000 employees who have been approved to practice their work in educating Basra Governorate about a year ago and have not received their salaries yet." Loss of the rights of this segment. "
butterfly https://ninanews.com/Website/News/Details?key=895982
State of Law bloc: We will boycott the voting session if the final version of the budget is not distributed to the deputies
Monday 29, March 2021 16:38 The Parliamentary State of Law Coalition has renewed its affirmation of boycotting the upcoming session of the House of Representatives to vote on the draft General Budget Law 2021, in the event that the deputies do not receive the final final version of the budget, approved by the Parliamentary Finance Committee.
butterfly https://www.iraq-businessnews.com/2021/03/29/us-firm-wins-11m-it-contract-in-iraq/
US Firm Wins $11m IT Contract in Iraq 29th March 2021 Florida-based NIC4 Inc., a division of Network Innovations Group, has been awarded an $11,611,032 firm-fixed-price contract for supplies and services to deliver network operations center equipment, software licenses and extended warranty coverage, and to provide installation services, support services and training for the government of Iraq.
Bids were solicited via the internet with six received.
Work will be performed in Iraq, with an estimated completion date of March 26, 2024.
(Sources: US Dept of Defense)
butterfly https://www.shafaq.com/en/Economy/Foreign-currency-exchange-climbs-Iraq-central-bank-said-1
Foreign currency exchange climbs, Iraq’ central bank said 2021-03-29 05:41
Shafaq News / the Central Bank of Iraq on Monday, announced increase in the foreign currency exchange.
Shafaq News Agency correspondent said that the foreign currency auction of the Central Bank of Iraq recorded an increase of 169.33% to 35 million dollars which the bank covered at an exchange rate of 1460 dinars per dollar.
He added that the sales operations were in the form of wire transfer and credits.
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 bank said on Saturday.
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.
butterfly https://shafaq.com/en/Iraq-News/MP-highlights-the-obstacles-hampering-the-Budget-s-approval MP highlights the obstacles hampering the Budget's approval 2021-03-29 05:59
Shafaq News/ A member of the Parliamentary Finance Committee said on Monday that an array of unsettled issues prompted the Parliament to adjourn the voting session on the 2021 Federal Budget bill.
Committee members, MP Muhammad al-Shabaki, said in a statement to Shafaq News Agency, "four points of contention hampered the voting upon the 2021 Federal Budget bill on yesterday's session, most prominently, Article 11 related to Kurdistan Region's share, external debts, investment projects, and territorial development."
Al-Shabaki said that Al-Fatah Coalition debated the economic feasibility of granting the Ministry of Electricity eight-trillion dinar loans, and other MPs requested guarantees from the Minister of Oil, Ihsan Abdul-Jabbar, being the head of the Governmental Energy Commission.
The Parliamentarian said that negotiations are underway to resolve the controversial issues.
The Member of the Parliament, Rezan Sheikh Delir, said in a press release the politicians' disputes cramped the budget bill's passing, stressing that Kurdistan Region's share is not an obstacle.
Sheila butterfly every day is one big step closer
butterfly sheila we can only hope to see the big picture. Iraq is a stubborn country and they don't like changes. They have proven that over and over throughout the years since the death of their dictator. More want to take that place now.
Sheila butterfly appreciate your postings. great insights.
butterfly sheila years of trying to figure out their mindset. lol
butterfly https://ninanews.com/Website/News/Details?key=895909
Currency, gold and oil rates worldwide for today
Monday 29, March 2021 10:53 The Iraqi Political Economic Center announced global currency, gold and oil prices today, Monday.
As the price of buying the dollar was 144,250 dinars against 100 dollars, and the selling price was 145,250 dinars against 100 dollars, in an approximate and unstable manner.
The other currencies recorded, 100 euros compared to 117.87 dollars, 100 pounds 137.81 dollars, and 807.30 Turkish liras for every 100 dollars.
The global price of an ounce of gold was recorded at $ 1727.40, while the price of a barrel of Brent crude oil was $ 63.53, and US crude $ 59.82.
butterfly https://ninanews.com/Website/News/Details?key=896001
Parliamentary Finance reveals to / Nina / the differences that prevented the holding of the voting session on the general budget
Monday 29, March 2021 17:59 The Parliamentary Finance Committee revealed the recent disagreements that prevented the upcoming session of the House of Representatives to vote on the draft General Budget Law 2021.
A member of the committee, MP Muhammad al-Shabaki, said in a statement to the Iraqi National News Agency ( NINA ) that "the recent disputes are focused on four main axes, which are repayment, commitment, settlement and new loans."
He explained that "the government's commitment is linked to the region’s commitment to pay oil and non-oil revenues. The Kurdish blocs have proposed annual payments, provided that the government pays the region’s employees monthly. We suggested that the delivery and payment be made monthly, but the Kurds insisted on annual delivery.
He added that "the same dispute is repeated annually in every budget, because of Article 11 about the share of the Kurdistan region and the dispute over the mechanism for paying the region or not," indicating that "the region sells oil at a price 10 dollars less than the price of the National Sumo Company, so how will it pay the federal government 250 thousand barrels." Daily at the SOMO sales price.
He went on to say that "there is another paragraph that was deleted in the amendment at the request of the Kurds, which is that the employees of the ministries and the sovereign institutions, the interior, the dams and the airways, receive their salaries directly from the federal government, as they refused to have the salary of any employee in the region federally."
butterfly He said, "We asked to hand over a database on all the region’s employees to link their salaries directly to the federal government. They also refused and then presented an old, unclear database."
A member of the Parliamentary Financial Committee confirmed that "there is a dispute related to the settlement of the loans of the Iraqi Trade Bank, and that it is done in coordination with the Office of Financial Supervision in the region, and we objected because it is for the Federal Board of Financial Supervision to supervise the Office of Financial Supervision in the region that does not coordinate with it, which means that the region provides Data and the Federal Office of Financial Supervision approved.
He added, "There is another disagreement about new loans worth 8 trillion dinars for electricity projects, and this was rejected by the Al-Fateh Alliance and stipulated the statement of the economic feasibility of the loans. As for other disagreements about the investment budget and the development of regions, they are not a real obstacle and can be resolved."
butterfly https://ninanews.com/Website/News/Details?key=896000
The Secretary-General of the Council of Ministers chairs the meeting of the e-Governance Committee and directs the coordination between the authorities to develop the performance of the state
Monday 29, March 2021 18:01 The Secretary General of the Council of Ministers, Hamid Naeem Al-Ghazi chaired the meeting on e-governance committee affairs.
A statement by the General Secretariat of the Council of Ministers, a copy of which was received by the Iraqi National News Agency / NINA / stated, “The consultative team called for more coordination between the relevant parties to the project to overcome the financial, technical and legal challenges in order to achieve the goal of the Iraqi government in the matter of simplifying procedures. And conducting services provided to citizens inside and outside Iraq, reminding you of the importance of following up on the directives and recommendations of previous meetings. "
The statement added, "The meeting discussed the topics on the agenda, which are: the visa management system for diplomatic missions that is compatible with the (ICAS) system, the electronic reservation system for consulates, and the digital transformation file using the unified job number, with a pause on the reality of the Al-Farabi Center for Information Technology. , As well as following up on the procedures of the Corona vaccine passport, and finally viewing the electronic patient record project.
The Secretary-General expressed "the Secretariat's complete readiness for the governance project, by removing conflicts between institutions to serve the process of progressing work, indicating the importance of educating the Iraqi citizen on the one hand, and service personnel on the other hand, on the mechanisms of dealing with advanced procedures and benefiting from the achievements of the modern world movement in This field. ”
Dave butterfly this mean no Visa Credit Cards for Govt Employees on international business?
Dave Vaccination passports......?
Dave oh i need a vacation........
butterfly Dave remember their words mean something different than our words.
Dave kinda sounded like no Visas internationally as they yet have a globally tradeable currency?
butterfly Dave did you answer your own question.
butterfly https://ninanews.com/Website/News/Details?key=895936
Al Rasheed Bank launches the third batch of the predecessors of Defense and Interior employees
Monday 29, March 2021 12:43 Rasheed Bank launched the third batch from the predecessor of employees of the Ministries of Defense and Interior.
The media office of the bank called on the beneficiaries who send text messages to them to visit bank branches or electronic payment offices to receive the amounts.
butterfly https://ninanews.com/Website/News/Details?key=896020
Federal Supreme Court formation completed / expanded
Monday 29, March 2021 19:14 The judges whose positions are stipulated in the Law Amending Order No. (30) of 2005 (Federal Supreme Court Law) announced to the President of the Supreme Judicial Council, President of the Supreme Federal Court, Head of Public Prosecution, and Head of the Judicial Oversight Commission about the completion of the formation of the Federal Supreme Court and the removal of names To the President of the Republic to issue a republican decree appointing them.
A statement by the council stated that: The formation of the Federal Supreme Court was carried out according to the following formation: -
01 Judge Jassim Muhammad Abboud - Head of the Judicial Supervision Authority as President of the Court
02 Judge Samir Abbas
- President of Anbar Criminal Court as Vice President of the Court 03 Judge Ghalib Amer - President of Wasit Court of Appeal As an original member of the court
04 Judge Haider Jaber - President of the Najaf Appeals Court with the position of an original member of the court
05 Judge Dr. Haydar Ali Nuri - Judicial Supervisor with the position of an original member of the Court
06 Judge Khalaf Ahmad Rajab - President of the Appeals Authority in the Presidency of the Salah al-Din Court of Appeal with the position of an original member of the Court
07 Judge Ayoub Abbas Al Waraqa - Managing Director of the Court of Cassation with the position of an original member in Court
butterfly 08 Judge Dr. Abd al-Rahman Suleiman - President of the Duhok Criminal Court with the position of a principal member of the court
09 Judge Jassem Jazaa - President of the Sulaymaniyah Appeals Court with the position of an original member of the court
10 0 Judge Adel Abdul Razzaq - President of the Basra Court of Appeal as a reserve member in the court
11 0 Judge Khaled Taha, President of the Al-Karkh Court of Appeal as a reserve member in the court
012 Judge Munther Ibrahim - Managing Director of the Court of Cassation with the position of a reserve member in the court
013 Judge Taher Suleiman - President of the Duhok Juvenile Court with the position of a reserve member in the court.
Butterfly https://ninanews.com/Website/News/Details?key=896069
Al-Sihoud: Approving the budget at the current exchange rate will negatively affect the market
Monday 29, March 2021 22:45 Member of Parliament Muhammad Saadoun Al-Sihoud confirmed that: Approving the budget at the current exchange rate will negatively affect the market.
He said in a televised statement that: Citizens pay the price for political differences that have not been resolved so far.
Al-Sihoud added that: Changing the exchange rate and returning it to what it was in the past will lead to the stability of the market and the living conditions of the citizens.
butterfly https://ninanews.com/Website/News/Details?key=896070 Kurdish MP: Kurdish representatives are ready to approve the budget law
Monday 29, March 2021 22:49 Member of Parliament for the Patriotic Union of Kurdistan, Rizan Sheikh Delir, confirmed that: Kurdish representatives are ready to approve the budget law.
She said in a televised statement that: The differences still exist and the Presidency of Parliament has not yet set a new date for approval. Sheikh Dleir blamed the Presidency of the Parliament for not holding the session.
It indicated that: The Kurdistan region has not received dues of oil revenues since 2014, and only employee dues arrived for the past year.
butterfly https://ninanews.com/Website/News/Details?key=896083
Chairman of the Suez Canal Authority: Within 4 days, all ships will be operated
Tuesday 30, March 2021 00:00 The head of the Suez Canal Authority, Lieutenant General Osama Rabie, promised to finish running all the accumulated ships within 4 days.
Rabei said, that the canal has enough guides working to the maximum of their capacities in order to cross all ships, adding that the numbers of pilots are sufficient and there is no problem in them, explaining that some ships have one pilot and some of them will guide, and everyone will work with their maximum capacity until we finish the existing accumulation The head of the Suez Canal Authority continued during a press conference:
"We promise everyone that within 4 days, all ships will be completed and all shipping traffic will return to normal, and we will deal with ships at specific times, and all matters will be resolved within a few days, and the waiting ships have great confidence in the canal."
Rabei added: "Since the ship was floated, it was ready for limited sailing to the lakes and we made a preliminary inspection, and there was no leakage of fuel or oils and its technical condition is good, and there is no container damaged."
The Suez Canal Authority had already floated the delinquent Panamanian container ship Evergiven, "and its direction towards the lakes.
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