Zig’s Place Chat and News Tuesday AM 6-8-21
Zig’s Place Chat and News Tuesday AM 6-8-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly Victory: The rise in the price of oil must be offset by the decline in the price of the dollar
15:03 – 08/06/2021 Victory - The rise in the price of oil must be offset by the decline in the price of the dollarinformation/special --- The victory bloc confirmed, on Tuesday, that the process of manipulating price bills on all products and smuggling currency abroad was a major reason for the rise in the dollar exchange rate.
Member of the bloc, Taha Al-Dafia, said in a statement to / the information / that “the rise in the price of the dollar directly affected the prices of commercial products in an obscene way, such as iron and building materials, which delayed the reconstruction process in Iraq .” He added, “With the rise in the price of oil, the price of the dollar should decrease or return to its normal price, but some influential parties prevented this.”
He pointed out that “the rise of the dollar and the lack of control over it affected the owners of limited income and the poor, and also affected the reconstruction and construction process.”
The markets are witnessing an outrageous rise in commercial products, building materials and iron due to the high exchange rate of the dollar against the Iraqi dinar. almaalomah.org
butterfly Parliamentary Integrity: Allawi rebelled against the legislative authority
2021-06-08 01:52 Parliamentary Integrity - Allawi rebelled against the legislative authorityShafaq News/ On Tuesday, the Parliamentary Integrity Committee threatened Finance Minister Abdul Amir Allawi not to attend the interrogation session in Parliament in rebellion against the legislative authority, while accusing some political blocs of disrupting the sessions.
Member of the Committee, Representative Alia Nassif, told Shafak News Agency, “Finance Minister Abdul Amir Allawi threatened not to attend the interrogation session,” noting that “this is the latest kind of ministerial rebellion against the oversight authority of the Parliament.”
She added that “there is cooperation from some political parties and ministers to disrupt the sessions by not having a quorum and disrupting the questioning of ministers.”
Nassif indicated, “The formation of the government came in accordance with partisan quotas,” noting that “all government ministers are partisan and there is no independent among them.”
The Presidency of the House of Representatives set on Monday, May 31, the date for questioning Finance Minister Ali Allaw, but it failed to hold the session due to the lack of a quorum.
A number of deputies stated in previous statements that Allawi threatened to resign if he insisted on questioning him in Parliament.
It is noteworthy that a number of political blocs and members of the House of Representatives demanded the questioning of Finance Minister Ali Allawi, and his dismissal from his position because of his policy, which some of them described as “failed.” shafaq.com
8 Jun 21, 12:38 PM butterfly Al-Kazemi: The people were let down by the corrupt, and we put in place the first plan for economic reform in the history of Iraq
06/08/2021 15:31:33 Al-Kazemi - The people were let down by the corrupt and we put in place the first plan for economic reform in the history of IraqPrime Minister Mustafa Al-Kazemi stressed, on Tuesday, that the people had failed the corrupt, pointing out that we had put in place the first plan for economic reform in the history of Iraq.
Al-Kazemi said in a speech during the cabinet session, that “the government, despite the heavy legacy and great challenges, has taken important steps on the path of reform, and saved the country financially and economically, and is trying hard, with plans and strategies that have been prepared, to put the country on the right path.”
He explained: After we have closed the first year of the government’s life, which was granted by Parliament, we affirm that Iraq is capable of playing its civilized role in this world, as it is the Iraq of civilization, writing, law and science.
He stressed that “the annual government performance report, which was launched recently, included information and readings in all transparency, accuracy and clarity, and it includes the government’s achievements during a whole year.”
He went on to say: The government performance report lists in all transparency and impartiality what the government has accomplished from May 2020 to May 2021, as well as everything that is in the process of being accomplished.
And between: Our people have suffered a lot and have been let down by the corrupt, the slogan dealers and the unscrupulous, and today we put before you in full transparency what we have accomplished and what we have not yet accomplished, and what we are on the way to accomplish, in service to Iraq and the Iraqis who deserve the best. alforatnews.com
Butterfly Dollar prices break the barrier of 1500 dinars in Iraq
2021-06-08 Dollar prices break the barrier of 1500 dinars in IraqThe exchange rates of the dollar, international foreign currencies and precious metals in the Iraqi markets.
The price of the dollar against the Iraqi dinar - Exchange rates:
Dollar selling price 150,250 Dollar purchase price 149,250
The price of the dollar against the Iranian toman Baghdad $100 2,300,000 tomans
foreign currencies 100 euros 121.71 dollars 100 pounds 141.41 dollars 100 dollars 860.84 Turkish liras
metal The price of an ounce of gold globally 1891.75 $
oil The price of a barrel of Brent crude oil $ 70.82 The price of a barrel of US crude oil 68.58 dollars
burathanews.com
butterfly KRG to rely 100% on Natural Gas for Electricity..........8th June 2021 ......Ten electricity plants were provided with transformers at a ceremony attended by Deputy Prime Minister Qubad Talabani in Koya town on Thursday.
The Deputy Prime Minister commended the Koya transformer project and addressed developments in the electricity sector, including the Kurdistan Regional Government's decision to go all in on natural gas.
"The power generation costs are still high," said Deputy Prime Minister Talabani, "and to solve this, we are planning to increase the dependency on natural gas to 100 percent as a source of fossil fuel in power generation."
Also in attendance at the Koya ceremony was Minister of Electricity Kamal Mohammed Salih, who provided more information on the 2.728 billion dinar (or roughly 1.8 million USD) transformer project.
Minister Salih hailed the cabinet's achievements in power generation and distribution, and stated that more than 450 projects have been initiated with a total worth of 60 billion dinars.
KRG is planning to open three more power plants in the Kurdistan Region by the end of this year: a steam power plant in Khabat District, a gas power plant in the Garmian region, and a 37-megawatt plant in Deraluk.
The Deputy Prime Minister Qubad Talabani also talked about his latest visit to Baghdad with the KRG delegation to discuss the region's share of the budget.
He noted that one of the topics of discussion was cooperative power generation between the federal and regional governments, a step that would drastically increase Iraq's supply of electricity. (Source: KRG)
butterfly 2021-06-08 04:49 Shafaq News/ Basra Light climbs to more than 71 $ recording one of the highest prices among OPEC members.
As for other OPEC prices,OPEC Members Last Oil price/barrel ($) UAE Murban 71.00 Iraq Basa Light 71.68
Iraq Basra Heavy 67.68 KSA Arab Extra Light 71.00 Algeria Saharan Blend 69.98 Nigeria Bonny Light 70.82 Angola Girasol 71.17 As for the international prices, WTI climbs to 68.71$ while Brent Crude rose to 70.92 $.
butterfly 2021-06-08 02:25 Shafaq News / The dollar exchange rates dropped in the Iraqi market today, Tuesday (June 8, 2021).
• The Kifah Stock Exchange recorded 149,500 dinars, for $ 100.
• The Al-Harthiya Stock Exchange recorded 149,500 dinars for 100 dollars.
In Baghdad Selling prices in the banking stores in the local markets
•Sale price: 150,000 dinars for $ 100 • Purchase price: 149,000 dinars for $ 100
In Erbil Selling prices in the banking stores in the local markets
•Sale price: 149,800 dinars for $ 100 • Purchase price: 149,500 dinars for $ 100
butterfly The Cabinet votes to contract with local and international banking experts to reform the banking sector
Tuesday 08, June 2021 17:43.........The Council of Ministers voted, in its session today, Tuesday, to contract with local and international banking experts to reform the banking sector.
butterfly Blinken: Hundreds of sanctions against Iran will remain in effect even if it complies with the terms of the nuclear agreement
Tuesday 08, June 2021 20:00..........US Secretary of State Anthony Blinken affirmed: "Hundreds of sanctions against Iran will remain in effect even if Tehran returns to comply with the terms of the nuclear agreement."
"It should be expected that even if Iran returns to implementing the Joint Comprehensive Plan of Action on Iran's nuclear program, hundreds of sanctions against it will still be in effect," Blinken said at a Senate hearing.
He added, "This includes those that were imposed during the era of former US President Donald Trump."
And US President Joe Biden said earlier, "Washington does not plan to lift sanctions on Iran to bring it back to the negotiating table on the Joint Comprehensive Plan of Action."
For its part, Iran announced that it is "close to lifting all forms of sanctions that are consistent and inconsistent with the nuclear agreement, with honorable results."
Iranian government spokesman Ali Rabiei said: "We are interested in ending the Vienna negotiations before the end of the monitoring agreement between Tehran and the International Atomic Energy Agency," stressing that "there is nothing to prevent the government of President Hassan Rouhani from reaching an agreement in Vienna before the presidential elections."
The fifth round of talks between the parties to the agreement on Iran's nuclear program ended last Wednesday, after days of talks in order to achieve the return of the United States to the nuclear agreement signed in 2015, and the lifting of US sanctions imposed on Iran following Washington's withdrawal from the agreement in 2018.
The delegations agreed to return To their capitals in order to hold more consultations to start a new round of negotiations in the coming days.
butterfly Allawi: It is in the interest of Iraq and other countries not to dispense with the International Criminal Court
Tuesday 08, June 2021 19:53...........Head of the National Coalition / Iyad Allawi confirmed: "It is in the interest of Iraq and other countries not to dispense with the International Criminal Court and to support its role in implementing the principle of accountability for those involved in the assassination crimes."
Allawi said in a tweet: "Otherwise, the deterrent to terrorist gangs and uncontrolled weapons will remain absent, and the power of these gangs will increase and increase at the expense of the security and stability of Iraq and other countries."
butterfly During his meeting with the British Foreign Minister .. Al-Kazemi reiterates the importance of coordinating work with international bodies supporting the implementation of the upcoming elections
Tuesday 08, June 2021 18:54..........Prime Minister Mustafa Al-Kazemi reiterated the importance of coordinating work with international parties supporting the implementation of the upcoming elections, by assigning the work of the Electoral Commission and providing it with international observers.
Al-Kadhimi said, during his meeting with British Foreign Minister Dominic Raab and his accompanying delegation, that "the signing of the document of strategic political cooperation between the two countries is a culmination of the development witnessed by the bilateral relationship," expressing his appreciation for Britain's position in support of Iraq in its war on terrorism, and his welcome to the British government's support for Iraq's efforts. in the field of economic reform.
The meeting witnessed, according to a statement by the Prime Minister’s Media Office, a discussion of bilateral relations and ways to enhance them, especially in the post-military cooperation phase within the international coalition to defeat ISIS, with the aim of developing economic, cultural and health cooperation, in addition to cooperation in the investment field, and providing appropriate conditions for major British companies to work. in Iraq.
Raab conveyed the greetings of British Prime Minister Boris Johnson to the Iraqi government and people, reiterating the United Kingdom's full support for Iraq and the government's efforts to impose the rule of law and stability, as well as support for its growing regional role in mitigating conflicts and giving precedence to the logic of wisdom rather than continuing conflicts.
Butterfly And the British minister indicated: "Iraq's leading role regionally is evidence of the Iraqi government's future vision of the nature of stability, calming factors and ways to enhance them in the region."
butterfly Al-Kazemi to the British Foreign Minister: The signing of the strategic cooperation document is a culmination of the development of bilateral relations
Tuesday 08, June 2021 18:32..........Prime Minister Mustafa Al-Kazemi received British Foreign Minister Dominic Raab and his accompanying delegation.
Al-Kazemi stressed during the meeting: "The signing of the strategic political cooperation document between the two countries is the culmination of the development witnessed by the bilateral relationship," expressing his appreciation for Britain's position in support of Iraq in its war on terrorism, and his welcome to the British government's support for Iraq's efforts in the field of economic reform.
butterfly 2021-06-08 09:57 Shafaq News/ Prime Minister Mustafa Al-Kadhimi announced the government is working on a national project to distribute land plots to citizens.
Al-Kadhimi said during the cabinet session that tireless work had been ongoing for months to facilitate the distribution process.
"To prevent any manipulation, there will be an electronic application that will be launched soon to register and sort those who are eligible to receive the lands."
Al-Kadhimi indicated that work is underway to provide bank loans for the land recipients to start building their housing units, adding that all construction operations will be subject to laws, urban plans, and infrastructure plans."
He pointed out that distributing lands will increase the number of job opportunities in the private sector.
butterfly 2021-06-08 06:32 Shafaq News/ The President of Kurdistan, Nechirvan Barzani, received today, Tuesday, a delegation of the Islamic Clerics Union in the Region.
The meeting was attended by the Minister of Endowment in Kurdistan, according to a readout issued by the Region’s Presidency.
The meeting highlighted the role of the Cleric's Union in deepening the culture of coexistence, tolerance, and acceptance, and boosting the national spirit amongst the different communities in the Kurdistan Region.
The Union emphasized its support to the President's endeavors to establish the constitution and wished him success in his quest, calling for envisaging the Islamic legislature as one of the legislation sources without tampering with other religions' particularities and public freedom.
For his part, President Barzani appraised the role the Islamic Clerics can play in bolstering social foundations, tolerance, and eschewing violence and extremism.
The meeting touched upon the cooperation between the Ministry of Endowment and the Islamic Clerics Union in Kurdistan, the religious education, and the livelihoods of the Clerics in the Region.
8 Jun 21, 01:12 PM Clydesdale What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE I want to know what it means when "she's" wearing pigtails. HaHaHa:
butterfly 2021-06-08 12:12 Shafaq News/ Over the past two days, the U.S. dollar exchange rate against the Iraqi has skyrocketed, hitting the milestone of 150,000 Iraqi dinars for every 100 U.S. dollars, the highest since pegging the dinar in the Federal Budget at the rate of 145,000 to 100.
Economists, bankers, and finance experts shed light upon a spectrum of factors inherent in the fast depreciation pace. However, they all pinpointed the "hard currency drainage via the daily sales of the Central Bank of Iraq (CBI) in the daily currency auctions" as a significant and independent, yet dangerous, factor in the downward drive of the Iraqi national currency.
"There are many causes. Most notably, the citizen's lack of confidence in the national currency and the preference to demand and hoard the dollar in lieu of the unstable dinar," the financial and economic expert, Hilal Tahhan, told Shafaq News Agency.
"Another major factor is the dollar 'smuggling' outside the state via the [currency] auction held daily by the [central] bank. The non-cash transactions always outdo the cash transactions, as all the [former] transactions go abroad to boost the imports. With inflated invoices of imported goods and freights, the hard currency difference [between the actual and the registered invoices] slides to foreign banks under various entities."
butterfly The economic expert, Dergham Muhammad Ali, said in a statement to Shafaq News Agency, "the rise of the dollar [exchange rates] is caused by the Central Bank's policies by limiting the dollar sales to banks, perpetuating the oligopoly of foreign currency and selling huge sums as [non-cash] transactions allowing smuggling and creating a black market."
"Government parties and the Central Bank colluding with private banks, most of which are owned by politicians, are liable in the tort of the soaring exchange rate. The government, aware of the frail public pressure, continues to connive with the dollar mobs in the country to harvest more money," he added.
"Fixing the exchange rate in the budget prompted the importers to buy dollars to fund the external trade after halting the purchase recently," the professor of economics at the Iraqi University, Abdul Rahman al-Mashhadani, said.
He added, "the bank needs to boost its sales in the auction to supply the imports," noting that "smuggling" is only a "pretext" and not an "actual cause" for the devaluation.
The owner of "al-Bawasel Exchange" company, Muhammad Hamza, cited several factors for the increasing demand for dollar bills, "loans granted by the government to finance residential units and cars purchase need hard currency. The Iraqi citizen's easy drive-by rumors is another cause."
In a statement to Shafaq News Agency, a government source accused "speculations in the market" of fueling the already on fire dollar exchange rates, indicating that the CBI will continue to finance imports.
The source, who spoke under the condition of anonymity, said, "the [Central] Bank will finally be able to fix the exchange rate via its own tools and maintain a small difference between the Bank price and the market price."
Dave "Government parties and the Central Bank colluding with private banks, most of which are owned by politicians, are liable in the tort of the soaring exchange rate".........HMMM,,,, go figure......
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