Zig’s Place Chat and News Tuesday AM 5-18-21
Zig’s Place Chat and News Tuesday AM 5-18-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
BobbyC The only real way to put your money into other currencies is thru FOREX and trading on FOREX mostly deals with pairing the 5 SDR currencies . Buying the physical notes of a tradable currency is just ignorance
18 May 21, 06:12 AM BobbyC The Chinese corporate delegation arrives in Baghdad and announces the start of work in building 1,000 schools across Iraq, with modern global designs and specifications.
BobbyC Zig GM I did not know that. Thanks
BobbyC So the Chinese Agreement is in force?
BobbyC I take it NORV is not a person but a NO RV lol Hard to argue against that one
Zig Seems like many countries have interest in investing in Iraq..
BobbyC Iraq will be THE place once they get their heads out of their *
Zig BobbyC : I just emailed Kaperoni (NORV) and told him he now has ONE fan here....LOL...most people here do not like what he has to say....
BobbyC Honestly, most people in this have ZERO clue as to how a currency, and it's value works. I'll admitt I was one of them. After a short period of time listening to all the cons of dinar land, I did my own research. Now I'm just hoping to make some change on this. I do find it interesting to see Iraq develop into a free market.
Once that happens, there will be investment opportunities. Mostly thru the ISX for local companies and our stock market for companies doing business in Iraq
Butterfly Al-Haddad calls on the federal government to expedite the implementation of the general budget law, implement its provisions, and send the financial allocations to the governorates
Tuesday 18, May 2021 12:00 |................Deputy Speaker of Parliament, Bashir Al-Haddad, called on the federal government to implement the Federal Budget Law, which was voted by the House of Representatives on the thirty-first of last March.
He said mourning according to a statement by his press office, that despite the differences and problems , but the House of Representatives could be this important law , which affects the lives of citizens who cheered good , timely passes. "
And expressed mourning, concern over the delay of the federal government routine procedures that have delayed the implementation of the articles and paragraphs law The budget, which increases the suffering of citizens, calling for expediting the sending of financial allocations to all governorates of Iraq and empowering local administrations in implementing service projects and advancing the wheel of construction, reconstruction and sustainable development in a way that achieves stability and prosperity in the country.
butterfly The opening of a factory for the production of iron and steel at a cost of 100 million dollars in Kurdistan
Tuesday 18, May 2021 14:31..................The President of the Kurdistan Regional Government, Masrour Barzani, inaugurated today, Tuesday, iron and steel production plants, at a total cost of $ 100 million.
On the sidelines of the opening ceremony of the huge factory, the Prime Minister expressed his pleasure at the completion of (Med Steel) factory for the production of iron and steel according to the highest international standards, with a production capacity of 350 thousand tons of iron and steel annually, not only for Kurdistan but for Iraq in general, pointing out that the factory provides about a thousand opportunities Action.
He called on investors to continue investing in various sectors, especially industrial, agricultural and tourism projects, indicating: “We have a broad vision for the advancement of the Kurdistan region at all levels, and we need the cooperation of each other.”
butterfly Mazhar Muhammad Salih: Partnerships between the public and private sectors ... is important for maximizing resources
Tuesday 18, May 2021 12:18..................The Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, affirmed that: The partnership between the public and private sectors ... is an important matter for maximizing resources.
He told the Iraqi National News Agency / NINA / that the pattern of partnership between the public and private sectors takes a place in global production of about 28%, especially the industrial ones.
Saleh added that in light of this partnership, losing public companies could turn into profitable joint companies.
Parliament will soon approve a law on partnership between the public and private sectors.
butterfly Brent crude exceeds $ 70 Tuesday 18, May 2021 11:24 .............Oil prices rose today, Tuesday, as Brent rose to above $ 70 a barrel.
The Russian news agency RIA Novosti reported: Brent was trading above the level of $ 70 a barrel for the first time since March 05, and the mixture recorded $ 70.10 a barrel, an increase of 0.92% over the previous closing price.
While US crude / West Texas I []ntermediate / rose 0.91% to 66.87 dollars a barrel.
Black gold prices increased today, Tuesday, in light of optimistic sentiment regarding expectations of growth in demand for crude in major regions of the world, despite the spread of the Corona wave in parts of Asia.
Investors are expecting an increase in demand for fuel with the acceleration of vaccination in large countries and the increase in transportation operations, which will contribute to an increase in demand.
butterfly A slight increase in the price of the dollar in the local market
Tuesday 18, May 2021 10:25...........The exchange rate of the dollar rose slightly, today, Tuesday, on the main stock exchange in Baghdad.
The price of the dollar on the Al-Kifah and Al-Harithiyah Central Stock Exchange in Baghdad was 148,600 dinars, compared to 100 US dollars.
While the Central Kifah Stock Exchange registered 148,500 dinars, during its opening on Monday morning.
The selling and buying prices stabilized in the exchange shops in the local markets in Baghdad, where the selling price reached 149,000 dinars, while the purchase prices reached 148,000 dinars per 100 US dollars.
butterfly 2021-05-18 03:43 Shafaq News / Gold prices extended gains on Tuesday, hitting their highest level in more than three-and-a-half months, as a weaker U.S. dollar and growing inflationary pressure bolstered the metal's appeal as an inflation hedge, Reuters reported.
Spot gold was up 0.1% at $1,868.27 per ounce by 0314 GMT, after hitting its highest since Jan. 29 at $1,873.41 earlier in the day. U.S. gold futures were steady at $1,868.30.
The dollar index slipped 0.1% to hit a one-week low against its rivals, making gold less expensive for other currency holders.
Holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose 0.7% to 1,035.93 tonnes on Monday, their highest since late-March. [GOL/ETF]
In the wake of rising prices in the United States, minutes of the Federal Reserve's last policy meeting due on Wednesday are expected to provide further clarity on the central bank's monetary policy outlook and policymakers' view on inflation.
Elsewhere, silver jumped 0.8% to $28.40 per ounce, after hitting its highest since Feb. 2 earlier in the session.
Palladium gained 0.4% to $2,911.63 and platinum climbed 0.1% to $1,241
butterfly 2021-05-18 02:24 Shafaq News/ Today, Tuesday, the Dinar/Dollar exchange rates rose in Baghdad and Erbil. Shafaq News Agency correspondent said that Al-Kifah and al-Harithiya Central Exchanges are trading the 100 US dollar at 148600 Iraqi Dinars.
Our correspondent added that today's selling and buying prices in the local markets rose to 149000 and 148000 dinars per 100 dollars.
In the capital of the Kurdistan Region, Erbil, the US buying and selling prices rose to 148600 and 148000, respectively.
butterfly 2021-05-18 00:58 Shafaq News / Oil prices extended gains on Tuesday as hopes of a solid recovery in fuel demand following the reopenings of the U.S. and European economies offset concerns over spreading COVID-19 cases in Asia, Reuters reported.
Brent crude oil futures were up 19 cents, or 0.3%, at $69.65 a barrel by 0517 GMT, while West Texas Intermediate (WTI) was up 18 cents, or 0.3%, at $66.45 a barrel. Both contracts rose more than 1% on Monday.
U.S. President Joe Biden will send at least 20 million more COVID-19 vaccine doses abroad by the end of June, marking the first time the United States is sharing vaccines authorized for domestic use.
The British economy reopened on Monday, giving 65 million people a measure of freedom after a four-month COVID-19 lockdown. And with accelerating vaccination rates, France and Spain have relaxed restrictions, and Portugal and the Netherlands have opened up travel.
In the United States, New York state will no longer require masks in most public spaces for people fully vaccinated against COVID-19 as of Wednesday, and other regions are opening up their economies as well.
In Asia in contrast, Singapore reported the highest number of local infections in months and Taiwan saw a spike in cases, and both countries have reinstituted lockdown measures.
In India, the second-hardest hit by the pandemic, domestic sales of gasoline and diesel by state refiners plunged by a fifth in the first half of May from a month earlier as pandemic lockdowns hit industrial activities and consumption, preliminary data showed on Monday.
With regard to the Iran-U.S. talks, as the United States tries to reinstate the 2015 Iran nuclear deal, it is tiptoeing through a minefield of sanctions put down by former U.S. President Donald Trump after he abandoned the deal three years ago.
butterfly 2021-05-18 05:23 Shafaq News/ The Iraqi Ministry of Finance will start preparing the 2022 budget bill, MP of the Parliamentary Committee for Finance said today, Tuesday.
Committee Member, MP Jamal Kocher, said in a statement to Shafaq News Agency that the Ministry began preparing the 2022 budget bill, "a parliamentary sub-committee was formed to discuss and follow up on the process of preparing the law."
"The government of the Prime Minister, Mustafa al-Kadhimi, is charged with drafting the bill and submitting it to the Parliament, according to the law of Financial Administration. It will begin in the current month, May, and finish it in early October, ahead of the elections."
"If the elections were held a scheduled, the members of the elected Parliament shall read, discuss, and vote upon the 2022 budget bill."
butterfly Shafaq News / The Minister of Trade and Industry in the Kurdistan Region, Kamal Muslim, announced on Tuesday that the regional government is seeking to establish 11 industrial zones, and halt importing raw materials.
Muslim said in a speech during the inauguration of a steel factory in Erbil, " this is a strategic project, and we have set up a solid program to build another factory in the region", stressing that by diversifying resources, the internal financial revenues of Kurdistan can be increased.
"We are working on building 11 industrial zones in the Kurdistan Region, and we seek to produce raw materials in the region and not import them", he pointed out.
butterfly Al-Rafidain Bank gives priority to a category in construction and restoration loans Time: 05/18/2021...
{Economic: Al Furat News} Al-Rafidain Bank announced, on Tuesday, that it will give priority and differentiation to a group in obtaining construction and restoration loans.
The bank’s media office said in a statement that Al Furat News received a copy of it, that "the 50 million loans for construction and restoration are granted to employees and there is a priority and a preference for Master Card holders in obtaining the loan."
BobbyC By Mohammed Hussein, for The Iraqi Economists Network (IEN). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.
Private Sector Development: Iraq's Long-lost Solution
Six years passed since the Iraqi government launched its Private Sector Development Strategy 2014-2030, aiming to reform regulatory frames and market conditions towards private sector-led growth. Several international partners (including UNDP, World Bank, GIZ, and USAID) also attempted to help realize some goals of the strategy.
Along with the strategy, Iraqi leaders have always been advised to diversify the rentier economy to cope with their challenges of unemployment (at 13 per cent) and poverty (at 31.7 per cent), but things are not moving forward.
The economy is still heavily state-dominated and crude oil-dependent, whereby oil revenues constitute more than 98 per cent of exports, 63 - 67 per cent of GDP, and up to 93 per cent of Federal Budget revenues.
BobbyC What has hindered the private sector development (PSD) strategy remains as a set of institutional challenges. Although most of the challenges are technical, they can be addressed once a reformist political leadership is in charge.
This article is an attempt to find out how the institutional challenges hindered the PSD strategy, assuming that institutions enforcing laws and regulating the private sector matter for economic growth. It also suggests some policy recommendations that could help to tackle the challenges given the current potentials and political constraints.
Jenni Can someone tell me what happened to restored republic on you tube
Doug_W Jenni not me Sorry
butterfly It operates under military and economic names .. Exposing the largest “secret army” in the world led by the Pentagon
2021-05-18 08:41 It operates under military and economic names .. Exposing the largest secret army in the world led by the PentagonShafaq News / Newsweek newspaper revealed, on Monday, that the US Department of Defense, “the Pentagon”, has formed a secret army of 60,000 personnel, who carry out their duties under military, civil, economic and advisory names.
can newspaper reported that the Pentagon has formed over the past ten years “the largest secret force the world has ever seen. Many of its personnel work under false identities and in complete secrecy, as they are all part of the signature reduction program.”
She explained that these forces, which “are more than 10 times superior in the scope of the secret elements of the Central Intelligence Agency (CIA), carry out internal and external missions in military uniform or civilian cover and in real life or on the Internet, sometimes hiding in private business and consulting companies, including a group with names registered in Inside”. The newspaper indicated that it reached these conclusions regarding the existence of this “secret army” as a result of an investigation that lasted for about two years, which included analyzing documents, including open ones, and interviews with servants in these forces and people familiar with their activities, but no official confirmation of this information was obtained.
It indicated that about half of these 60,000 members are members of combat units that carry out covert operations in various parts of the world, and others are intelligence and counter intelligence experts who also work often under cover outside the United States, and there is a third division formed by groups specializing in electronic and combat operations. Cyber attacks often operate on US soil.
The newspaper said that the Pentagon is working to develop its secret units to reduce interest in its operations in the international arena, noting that the activities of these secret forces annually cost about $ 900 million, and their work is covered up by about 130 companies.
She pointed out that the true scope of the operations of this “secret army” of the Pentagon, which was never subjected to examination by Congress, is still unknown, which means that the numbers may be much higher. shafaq.com
butterfly @Jenni I put restored republic in you tube and came up with this: https://www.youtube.com/results?search_query=+restored+republic+
A butterfly A government source explains that the dollar did not rise despite the central bank’s auction stopping
A government source explains that the dollar did not rise despite the central banks auction stoppingShafaq News / A government source revealed, on Tuesday, that the price of the US dollar in the local market has not increased, despite the suspension of the Iraqi Central Bank auction during the Eid holiday, due to the price difference between the supply in the market and the bank.
The source told Shafaq News, “The merchants did not buy the US dollar from the local market except in small quantities after the Central Bank stopped conducting the auction as a result of the Eid holiday and stopped working hours until the 22nd of this month, which led to the dollar price not rising during this period.”
The source, who requested anonymity, added that “the reason for the lack of purchase of dollars from the market by traders is that there is a difference in price between what is offered in the market and the price of the dollar that the bank sells in the auction, which reaches three tigers (3 thousand dinars). Per $ 100), in addition to that traders are afraid of any sudden decisions that may lead to a decrease in the price of the dollar during this period.
He stressed that “the bank will start implementing the banks’ requests for dollars starting next week after the end of the official holiday,” suggesting that “there will be a slight decline in the price of the dollar as a result of the lack of demand for the dollar compared to what is offered of it.”
The Central Bank sells dollars through the participation of banks in its daily auction to meet merchants’ demands of hard currency to cover imports of goods and goods. shafaq.com
butterfly Parliamentary Finance: Al-Kazemi government is working to complete the 2022 budget before the elections
2021-05-18 02:11 Parliamentary Finance - Al-Kazemi government is working to complete the 2022 budget before the electionsShafaq News / The Parliamentary Finance Committee announced today, Tuesday, that the Ministry of Finance has moved to prepare the draft general budget law for 2022, while noting that the government is working to complete the budget before the elections.
Committee member Jamal Cougar told Shafaq News Agency, “There is a move by the Ministry of Finance to prepare the budget bill for 2022, for the purpose of that a sub-committee was formed from members of the House of Representatives for the purpose of discussing and following up the process of preparing the law.”
He added, “The government of Prime Minister Mustafa Al-Kazemi is in charge of preparing the budget law and sending it to the House of Representatives according to the Financial Management Law, provided that it begins preparing it in the current month of May and completes it at the beginning of next October, prior to the date of the parliamentary elections.”
Cougar said, “In the event that elections are held on time, the members of the next session of the House of Representatives are the ones working to read, discuss and vote on the budget law for 2022.” shafaq.com
butterfly Advisor Al-Kazemi: We are concerned about the stalled 2022 budget due to the elections
Tuesday 18 May 2021 | 03:07 pm Advisor Al-Kazemi - We are concerned about the stalled 2022 budget due to the electionsOn Tuesday (May 18, 2021), Mazhar Muhammad Salih, the financial advisor to the Prime Minister, Mustafa Al-Kazemi, expressed his concern about the stalled 2022 budget due to its coincidence with early elections, indicating that the conditions that the elections will pass and the formation of a new government are against next year’s budget .
Saleh said in a statement to the Iraqi News Agency, “The economic situation in general is reassuring, and there is no fear for it in light of the current circumstances,” pointing out that “the most prominent economic challenges are the coincidence of the election date 10/10 with the date of submitting the draft federal budget for 2022 between the Council Ministers in which the approval of laws is delayed and the government becomes a business administration and between parliament, which is about to be constitutionally expired .
He pointed out that “this matter is worrisome, and we do not know how the elections will end and how the next government and parliament will be formed,” explaining that “all these matters are against the approval or delay of the budget .”
He added that “the budget was hedged with internal borrowing for fear of facing any liquidity shortage.” If the default price in the budget is 45 dollars and the real price is 60 dollars, then there will be a difference to cover the requirements on the basis of financing the deficit by borrowing .
butterfly And he indicated that “there are pessimistic theories that assume that there are other payments and that non-oil revenues are still low, and they are taken into consideration that oil revenues are recorded in one form, and the truth is another form.” The remaining 17% of the revenues are non-oil, but in practice this has not materialized, so there is a gap that is covered by borrowing .
He emphasized that “the Iraqi government’s cash presence is at its best at the present time,” noting that “the average price of a barrel of oil today is about $ 60, and the obligations payable have been performed on a regular basis, and the cash liquidity is high .”
Saleh stressed that “there is no fear of regular payment of salaries to employees and retirees and social care in light of the regular and high financial flow and budgetary hedging,” indicating that “the situation will be comfortable until the end of the year 2022.” aynaliraqnews.com
Jenni Butterfly ☆ I seen that, it's not the same
butterfly Jenni sorry then I have no clue what you are searching for.
Zig Jenni : Try looking through https://www.google.com/search?client=firefox-b-1-d&q=restored+republic
Zig If you access this chat via https://my.cbox.ws/ZIGPLACE You can make the box much bigger by clicking this link ZIGPLACE - Cbox