Zig’s Place Chat and News Monday AM 5-31-21
Zig’s Place Chat and News Monday AM 5-31-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly A new rise in the exchange rates of the dollar on the local stock exchange
Monday 31, May 2021 13:50..................The exchange rates of the dollar recorded a slight increase on the main stock exchange and local markets in the capital, on Monday.
The exchange rates of the dollar were recorded on the Al-Kifah Central Stock Exchange in Baghdad today, 149,250 dinars, for each $ 100 denomination paper.
The prices of selling and buying dollars in exchange offices and local markets in Baghdad increased, as the selling price reached 149,750 dinars for each $ 100 bill, while the purchase prices reached 148,750 dinars, for each $ 100 bill.
butterfly The day before the OPEC + meeting, oil prices are approaching $ 70
Monday 31, May 2021 11:05.......Oil prices witnessed a remarkable increase on Monday, pending the outcome of the OPEC + meeting tomorrow, Tuesday.
Brent crude for August rose 0.6%, to reach $ 69.22 a barrel.
The price of US West Texas Intermediate crude, for delivery next July, increased by 0.54%, to reach $ 66.66 a barrel.
Oil is preparing for a second consecutive monthly gain, as the United States, China and parts of Europe lead a strong economic recovery, despite the virus returning across Asia.
Investors will also be looking, when OPEC + meets, for any clues regarding the next phase of the group's supply policy amid growing expectations of demand acceleration until the end of the year.
butterfly An economic specialist for / Nina /: The continuation of currency smuggling and the return of bank dominance reflects government failure
Monday 31, May 2021 10:11,,,,,,,Economic specialist Dergham Muhammad Ali affirmed: "The government's allegations related to the increase in the exchange rate of the dollar proved to be unsuccessful after five months of raising the exchange rate."
Mohammad Ali told the National Iraqi News Agency / Nina / " The allegations of the Minister of Finance to justify this decision by stimulating development and prevent the smuggling of currency and curb the black market, the Iraqi market were destroyed and reflected negatively and not positively."
He pointed out that "any real measures to reduce poverty rates have not been followed. On the other hand, currency smuggling continues through the same banks," indicating: "The return of the black market and the increase in inflation and poverty to record levels is sufficient to dismiss any government in a true democratic system.
Muhammad Ali stressed, "The failure of the finance minister’s policy and the so-called white paper, which was warned that it was a failure from the beginning. However, the government defended it under the pretext of supporting development, while the market downturn led to the loss of tens of thousands of job opportunities," calling on the government to be honest with the people. With the failure of its white paper and its inability to curb corruption mafias in the currency smuggling auction.
butterfly Al-Rafidain disburses a new batch of employees and security forces ’predecessors
Monday 31, May 2021 09:26................Al-Rafidain Bank announced today, Monday, the disbursement of a new batch of employees' advances and members of the security forces.
The bank confirmed in a statement that it would continue to grant advances to employees and security forces' employees through its branches spread in Baghdad and the governorates.
butterfly During his meeting with the US ambassador, Al-Hakim stressed the importance of developing bilateral relations between Iraq and the United States
Monday 31, May 2021 13:31..........Head of the National Wisdom Movement, Ammar Al-Hakim, stressed the importance of developing bilateral relations between Iraq and the United States.
A statement by his office, said al - Hakim , the US ambassador in Baghdad , Matthew Tauler received, and discussed bilateral between Baghdad and Washington , and ways to strengthen relations and to hold early elections in the timing of the schedule, and the provision of electoral security and control internationalism to ensure transparency. "
Among the wise, that" Iraq pay attention to foreign relations of out of common interests and respect for its sovereignty , "stressing" the importance of developing relations between Iraq and the United States, and focus on the economic and service larger sides. "
He stressed the need to hold early elections on schedule with the creation of requirements and conditions of success and in the forefront of electoral security to be its outputs reflect the aspirations and desires of the Citizens.
butterfly Kurdistan Islamic Union: The political ground in the region is not ready for drafting a constitution
Monday 31, May 2021 12:38 ,,,,,,,,,,,,,,,The Kurdistan Islamic Union considered that the political ground in the region is not prepared at the present time to draft a constitution in which all parties and Kurdish forces agree on its provisions.
"Those who hold power are only those who call for drafting the region’s constitution, at this stage, and the Islamic Union believes that the ground is not adequately prepared now for drafting a constitution," Muhammad Ahmad, the official in charge of the Supreme Supervisory Authority of the Kurdistan Islamic Union, said in a press statement.
He explained, "The reason for the failure of drafting a constitution for the region in the previous stages is due to its use as a material for electoral propaganda by the authority parties."
Regarding the demands for making Islamic law a reference for legislation in the constitution, the official in the Islamic Union stressed that the majority of the people of the Kurdistan region embrace the Islamic religion, and the constitution must express the will of the majority and not contradict the provisions of Islamic law.
butterfly 2021-05-31 06:35 Shafaq News/ The Central Bank of Iraq maintained its sales of hard currency at nearly the same levels of yesterday, Sunday.
Shafaq News Agency correspondent reported that CBI sales at the Foreign Exchange Auctions settled at $195,050,387, compared to $189,212,134 on the 30th of this month. The weighted average rate of the dinar to the U.S. dollar amounted to 1460.
Our correspondent explained that 17 banks and 18 exchange companies cashed $32.4 million, while $162,650, 387 went to boost funds abroad in the form of transfers and credits, with 33 banks meeting those requests.
butterfly 2021-05-31 05:32
Shafaq News/ Gold prices rose on Monday and were headed for their biggest monthly jump since July 2020, boosted by a weaker U.S. dollar and lower bond yields, while growing inflationary pressure also lifted demand for the metal.
Spot gold was up 0.1% at $1,905.14 per ounce by 0637 GMT, while U.S. gold futures gained 0.2% to $1,908.80. Spot prices have risen nearly 7.7% so far this month.
Most markets will be closed in the United States and Britain on Monday for public holidays.
“Gold is pretty much drawing its strength from inflation fears and some inclination of the yields,” said Stephen Innes, managing partner at SPI Asset Management.
“The dollar is staying weaker, that’s fairly supportive. Gold bulls now have their eyes set on $2,000, and most are thinking it’s going to go quite a lot higher.”
The dollar index eased 0.1% against its rivals, while the U.S. 10-year Treasury yield fell to 1.593% on Friday, reducing the opportunity cost of holding non-interest bearing gold.
Data on Friday showed U.S. consumer prices surged in April, with a measure of underlying inflation blowing past the Federal Reserve’s 2% target and posting its largest annual gain since 1992.
Gold, often used as a hedge against inflation, has benefited from recent data showing a rise in prices in the United States and Britain.
Investors’ focus this week will be on U.S. payrolls data due on Friday, with median forecasts suggesting they will show an increase of 650,000.
Spot gold, riding on a wave C from the May 13 low of $1,808.44, may test resistance at $1,919 per ounce, a break of which could lead to a gain into the $1,932-$1,953 range, Reuters technical analyst Wang Tao said in a report on Monday.
Palladium was up 0.4% at $2,837.38 per ounce, but was set for its first monthly decline in four. Platinum climbed 0.4% to $1,181.76.
Silver gained 0.1% to $27.91 and was heading for its largest monthly gain since December. Source: Reuters
butterfly 2021-05-31 03:15 Dollar exchange rates in Iraq
Shafaq News / The dollar exchange rates climb slightly in the Iraqi market today, Monday (May 31, 2020).
• The Kifah Stock Exchange recorded 149,250 dinars, for $ 100.
• The Al-Harthiya Stock Exchange recorded 149,250 dinars for 100 dollars.
In Baghdad Selling prices in the banking stores in the local markets
•Sale price: 149,750 dinars for $ 100 • Purchase price: 148,750 dinars for $ 100
In Erbil Selling prices in the banking stores in the local markets
•Sale price: 149,200 dinars for $ 100 • Purchase price: 149,000 dinars for $ 100
31 May 21, 08:36 AM butterfly 021-05-31 05:50
Shafaq News/ The Federal Commission for Integrity said that 53 arrest and summoning orders were issued in April against a list of state officials that includes four MPs and three Ministers.
The investigations department in the Commission said that eight arrest warrants and 45 summoning orders had been issued against state officials in the first five months of 2021. Three summoning orders were issued against three MPs serving in the current session and another from a previous session, as well as a former Minister and two current Ministers.
The list also includes 15 Director-Generals (seven of them are incumbents), and 23 members of local governorate councils.
The statement said that four summoned officials are referred to other investigative authority, two to the Judiciary, two are fugitives, and an official was covered with an amnesty order.
butterfly Mount Zawa Cable Car to Create Jobs, Boost Tourism........31st May 2021......KRG Prime Minister Masrour Barzani marked the official opening of the Mount Zawa Cable Car in Duhok province, which will create hundreds of new jobs in coordination with the Ministry of Municipality and Duhok Governorate.
The $30 million project connects the Barzan region road to the top of Mount Zawa and includes new restaurants and numerous gardens. The management of the cable car section alone will generate employment for around 100 people.
"Mount Zawa is a popular tourist destination in the Duhok province of Kurdistan, showcasing the region's natural beauty," said Prime Minister Masrour Barzani in his opening remarks. "This project will not only benefit the people of Duhok by creating new jobs; it will also provide new opportunities for people to enjoy the best of what our land has to offer."
The distance the Cable Car project covers from Barzan region road to Mount Zawa is 2,330 meters. The highest point reaches 500 meters from the ground.
There are 26 cable car cabins, each with the capacity to carry eight people (or 800kg). The project is part of the government's plan to reform and diversify the Kurdistan Region economy since it took office.
"This project is one more example of the Kurdistan Regional Government's ongoing efforts to diversify Kurdistan's economy and strengthen its tourism sector," Prime Minister Barzani added.
Despite the current economic challenges the region and the world are facing, the Kurdistan Regional Government remain committed to implement strategic cooperation economic projects. (Source: KRG)
butterfly Increasing Oil Production at West Qurna 2,,,,,,,,,31st May 2021,,,,,,,,Iraq's Oil Minister, Ihssan Abdul-Jabbar Ismail, has announced the start of experimental operations at the Yamamah reservoir in the West Qurna 2 oil field, with the aim of increasing output from the reservoir from 10,000 barrels per day (bpd) to 350,000 bpd.
When fully implemented, the development would bring total production at the field to 800,000 bpd.
The Minister praised the work of Russian company Lukoil, which is developing the field.
(Source: Ministry of Oil)
Doug_W at $60 a bbl that is 48 MILLION a day
butterfly Parliamentary law promises to submit a proposal to amend an article in the Unified Pension Law
Monday 31, May 2021 17:28...........The Parliamentary Legal Committee pledged to submit a proposal to amend Article (13) of the Unified Pension Law No. 9 of 2014.
The committee discussed, during a joint meeting with the President of the General Retirement Authority and the Director of the Legal Department in the Council of Ministers, the possibility of addressing the problems currently occurring in pension salaries, as the General Retirement Authority provided an explanation regarding the mechanism for calculating the age of those referred to retirement who reached (45) years, with confirmation that The text does not apply to cases before the law comes into force, according to judicial decisions, which are consistent with the opinion of the Legal Department at the Ministry of Finance.
The meeting also included the report and observations of the Parliamentary Legal Committee regarding the draft law of the Council of Ministers and the ministries, in particular some articles and clauses of the law that the committee deemed necessary to amend or delete due to their inconsistency with other laws in force, as the legal committee announced that it is going to address the parliament to include the law on the agenda of the upcoming sessions To vote on it after the completion of the last amendments
butterfly Najaf is implementing {Economical: Al Furat News} Najaf Governorate announced the implementation of the 400 kv project, which will enter it directly to the national network.
Governor Louay Al-Yasiri demanded, in a statement, that the Euphrates News Agency received a copy of it today, "The ministry should take into consideration the tourist position of Najaf and the continuous increase in the number of residents in it from other governorates, as well as the start of the agricultural season."
And he indicated that "the project is one of the important and strategic projects in Najaf and will support the electricity sector greatly, as it will make the governorate directly linked to the national network instead of its current position as a final link, indicating that the business rates are going according to the specified time rates, and we hope the middle of next August to finish the implementation and enter the project into service." ".
Al-Yasiri called on the ministry again to ensure that Najaf is equipped with electric power and to take into account the tourist status and the continuous increase in the number of residents in it from other governorates, as well as the start of the agricultural season and the need to equip agricultural areas with energy to make it successful.
butterfly He added that the project will increase the electrical reliability of the governorate by linking it to the main national grid with high pressure by connecting the governorates of the Middle Euphrates with each other, as Najaf will be a center of load between the governorates, noting that "the project is considered the first 400 km line." Q double circuit connecting the provinces of the Euphrates , which is reflected positively on the increased electrical capacity and rates of processing of the province , adding that the project consists erected 37 towers double circuit (Double Circuit) and business in the project was launched on the first of last April and the duration of the project 135 days. "
butterfly Iran is moving to develop a huge joint oil field with Iraq
05/31/2021............ {Economist: Al Furat News} The National Iranian Oil Company has concluded 3 memoranda of understanding with local companies in the field of oil discovery and production to conduct recent studies to develop the joint Azadakan field with Iraq.
In the presence of Oil Minister Bijan Zangana, memoranda were concluded today, Monday, with 5 local oil exploration and production companies for conducting studies on the Azadakan field, located in the southwest of the country and shared with the Iraqi Majnoon field.
The first memorandum was concluded by the National Oil Company with the "Brescia" oil and gas company to conduct feasibility studies on the northern section of the field, the second memorandum with "Petropars" and "Petroiran" companies for the middle section, and the third with the companies "Kesters Energy Passarcad" and "Energy Dana" for the southern section.
"Azadakan" is the largest joint Iranian field with an area of 1,500 square kilometers, with estimated reserves of 32 billion barrels of oil, and is currently being developed on the northern and southern sides.
The northern Azadcan field was inaugurated 5 years ago with a production capacity of 75 thousand barrels per day, developed by the Chinese company "CNBC", while contracts were concluded with the Iranian company Petropars to complete the first development stage of the southern Azadcan field in addition to the establishment of a processing unit (CTEP) after the dissolution Contracting with the same Chinese company in 2014.
butterfly Oil prices are on the rise, amid anticipation of the outcome of the OPEC + meeting......05-31-2021 10:18 AM........Today, Monday, oil prices witnessed a remarkable increase, pending the outcome of the OPEC + meeting on Tuesday.
Brent crude for August rose 0.6%, to reach $ 69.22 a barrel.
The price of US West Texas Intermediate crude, for delivery next July, rose 0.54%, to reach $ 66.66 a barrel.
Oil is preparing for a second consecutive monthly gain, as the United States, China and parts of Europe lead a strong economic recovery, despite the virus returning across Asia.
When OPEC + meets on Tuesday, investors will also look for any clues about the next phase of the group's supply policy amid growing expectations for demand to accelerate through the end of the year.
butterfly The World Bank in Iraq will officially release tomorrow the "Human Development in Iraq" report...............05-30-2021 09:48 AM .............Tomorrow, Monday, the World Bank in Iraq will release the official report "Human Development in Iraq - Review of the General Agreement", which will discuss the government's response to address deficiencies in human capital indicators within the framework of a reform roadmap for Iraq, with the participation of a number of decision-makers, Iraqi and foreign experts and personalities High-level.
The head of the World Bank office in Iraq, Ramzi Numan, according to the official newspaper, said, "The World Bank in Iraq will officially launch tomorrow, Monday, the report" Human Development in Iraq - Review of the General Agreement ", in the capital, Baghdad.
He added, "The launch ceremony will include a presentation on human capital development, as well as an overview of the human capital situation in Iraq and aspects of public spending on vital human development sectors, as well as a discussion of the Iraqi government's response to address deficiencies in the formation of human capital, in addition to Discussing the roadmap towards structural reforms to review the human development model in the education and health sectors in specialized sessions.
The head of the World Bank office in Iraq pointed out that "the conference launching the report will be attended by the ministers of planning, education, higher education and scientific research, as well as the Deputy Minister of Health, the Deputy Special Representative of the Secretary-General of the United Nations and the Humanitarian Coordinator, Arina Fujakova Soler, and the Director of the Human Development Program, the East Division."
butterfly Middle and North Africa, and the Regional Director of the Levant Division, the World Bank Group, Saruj Kumar Jha, in addition to representatives of the Iraqi Ministry of Finance and a large group of specialists through a very large personal and electronic participation, while the event is transmitted directly through social media and through local and international media coverage.
butterfly ...........I WANT TO THANK ALL THAT ARE SERVING, ALL THAT SERVED, ALL THAT WILL NEVER RETURN BUT SERVED ALL OF US...............MAY WE NEVER FORGET.....31 May 21, 10:17 AMBobbyC
Here's that report.......https://www.worldbank.org/en/country/iraq/publication/iraq-human-development-public-expenditure-review-addressing-the-human-capital-crisis-a-public-expenditure-review-for-hum
BobbyC https://www.worldbank.org/en/country/iraq/publication/iraq-human-development-public-expenditure-review-addressing-the-human-capital-crisis-a-public-expenditure-review-for-hum
butterfly This is one awesome display: https://twitter.com/BeckiJr/status/1399386361577283590
Zig butterfly : Nice...Very creative.
Zig Hey I just got an email from Adam Montana at Dinar Vets...If I want to become a VIP at his forum he is offering me a 35% discount!!..... :Happier:
Sparky ... Thank you Doug for your service for our country ...
butterfly Zig I would hold out for 70%
Zig butterfly : Definitely....lol
Sparky ... a true hero ... for ever and ever ... https://youtu.be/lX2dKL70z38 ...
Sparky ... and that's a fact ...
Sparky ... you can take that to the bank ... and cash it on our freedom ... as I do daily, so, thank you my friend ...
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