Zig’s Place Chat and News Thursday AM 6-10-21

Zig:  Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here

TWW   sheila some veryserious meeting going on starting tomorrow NNE state from here with abt 50 high level people. I will be there as until Sunday, then ...

Sheila   TWW wonderful!!!

TWW   sheila big things starting Tuesday if im right

TWW   sheila Lots and lots arrests been going on all over recently

Sheila  TWW Yes, heard by June 17th we should all be seeing public events.

Butterfly   The Central Bank: Increasing the allocation of the housing sector

Thursday 10 June 2021.................The Central Bank of Iraq announced an increase in the allocation of the housing sector by (1.9) trillion dinars, including one trillion dinars for the real estate bank and about (900) billion dinars for the Housing Fund.

A statement by the bank stated: "The total amounts allocated to the Real Estate Bank and the Housing Fund will reach more than (3.6) trillion dinars."

The Central Bank also canceled the interests on previous loans, both with current loans, and with a repayment period of (20) years, and only an administrative commission.

Sheila   Courtesy of Dinar Guru   Walkingstick [via Frank26] The White papers have the new exchange rate. The white papers are the line items/game-plan for both of these reforms [monetary & economic]. The white papers are the when, how and why to do the monetary and economic reforms...this is a report that has been agreed upon by the Fab 4, CBI and Kazemi. It has been handed over to the World Bank to tell the World Bank this is the economic reform. This is the monetary reform...The World Bank has the economic reform and monetary reform on paper now and the mechanisms to make it all work...none of these line items are calculated to succeed at a program rate. None.

butterfly   The appearance of Muhammad Salih to / Nina /: The rise in oil prices will end the borrowing for the current fiscal year

Thursday 10 June 2021 ........Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed: "In this fiscal year, Iraq does not need to borrow to finance the deficit, if oil prices continue until the end of the year, approaching 70 dollars per barrel."

Muhammad Salih said in a statement to the National Iraqi News Agency ( NINA ): "Iraq will only need to withdraw old loans related to projects that are currently being implemented within international financing programmes, especially with the World Bank, the European Union, Japan and others."

He added, "The amounts of these annual loans are limited in the budget, and do not exceed 15% of the total investment allocations in the 2021 federal general budget, which all amount to approximately 29 trillion dinars."

The price of Basra oil recorded a noticeable increase in the recent period, exceeding $70 per barrel.

butterfly   Finance denies a statement by its minister about the dollar exchange rate

Thursday 10 June 2021........Denied the Ministry of Finance and what appeared platforms and social networking sites and local media, about the proportions of a statement to its Minister Ali Allawi said it (that the real value of the dollar against the Iraqi dinar, is 300 thousand dinars each ($ 100.)

Confirmed the ministry, in Press release: "Some people's reporting of such irresponsible and baseless statements and news aims to destabilize the economic situation and confuse public opinion."

10 Jun 21, 08:09 appeals about allocations in the general budget

Thursday 10 June 2021 ......The Parliamentary Finance Committee announced the details of government appeals to the Federal General Budget Law 2021.

Member of the committee, Representative, Ikhlas Al-Dulaimi, stated, in a statement to the National Iraqi News Agency ( NINA ), that "the Federal Court will decide on legal and technical challenges related to the work of ministries and bodies.

As for appeals related to the financial sector, the court does not have the authority to determine the amounts or change them." And she added, "The court will rule in favor of the government and the ministries in financial matters such as increasing the allocations for the degrees of deletion and creation, as the ministries have the right to challenge them and the court has the right to consider and stop them, because there are allocations already in the general budget, which does not cost the government a financial side and does not affect the decision of the House of Representatives in general."

She pointed out: "The House of Representatives voted on the total expenditure in the general budget, 130 trillion dinars, and it became a binding law."

And about the government’s challenge to increasing the purchase prices of agricultural crops, a member of the Parliamentary Finance Committee clarified, “The House of Representatives has made allocations to the Ministry of Agriculture, which has the right to determine the funding and allocation mechanism for farmers and crops, and the amount set by Parliament for the Ministry was distributed according to the sectors’ needs, and therefore the Ministry has the right Legal Appeal.

butterfly   The House of Representatives voted on the budget for the current year 2021 at the end of last March, while the Council of Ministers decided, in its session held on April 20, to authorize its president to appeal before the Federal Court with a number of articles of the General Budget Law.

butterfly   KRG begins Buying Wheat from Farmers for First Time....10th June 2021 in Agriculture..........KRG begins buying wheat from farmers for the first time

The Kurdistan Regional Government (KRG) began buying wheat from farmers on Tuesday for the first time, following the completion of the newly constructed multimillion-dollar wheat marketing project this year. https://www.rudaw.net/english/kurdistan/080620211

butterfly   Iraq "Planning 8 Nuclear Power Stations"........10th June 2021 ............Iraq is reportedly planning to build eight nuclear power stations to provide much-needed electricity.

According to Bloomberg, the $40-billion scheme would provide 11 GW of power to the Iraqi grid.

Click here to read the full article. https://www.bloomberg.com/news/articles/2021-06-08/iraq-plans-to-go-nuclear-to-resolve-crippling-power-shortages    (Source: Bloomberg)

professor dinard   Iraq is going to use nuclear program to help iran lol

Dave   Weehaw........international travel restrictions been lifted for fully vaccinated folk July 1......

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