Zig’s Place Chat and News Wednesday AM 5-12-21
Zig’s Place Chat and News Wednesday AM 5-12-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
BobbyC Inflation rate in Iraq rose by 5.6% in the first third of 2021, official says........Al-Hindawi said that the cumulative inflation rate in the first third of 2021, from January to April, amounted to 5.6%. Shafaq News 2021-05-12 07:15
BobbyC Looks like the 23% devaluation is working. Most projected higher numbers
butterfly Oil prices record a new high Wednesday 12, May 2021 09:58..............Oil prices rose today, Wednesday, extending their evening gains after industry data showed a decline in US crude inventories, which boosted OPEC's strong demand expectations, and with the close of the largest US fuel pipeline for a sixth day. Brent crude futures rose 9 cents, or 0.13 percent, to $ 68.63 a barrel.
While US West Texas Intermediate crude futures increased 13 cents, or 0.18 percent, to $ 65.40 a barrel.
Hello, World!
Data from the American Petroleum Institute industry group showed that US crude oil inventories fell by 2.5 million barrels in the week ending May 7.
The withdrawal came before the pipeline in America was subjected to a cyber attack last Friday that forced the pipeline, which carries more than 2.5 million barrels per day of fuel, to close, and the operator said it hopes to restart a large part of the network by the end of the week.
butterfly OPEC crude production increased ... and Iraq is among the six countries that increased their production
Wednesday 12, May 2021 10:01..............The production of OPEC member states increased by 26 thousand barrels per day during the past month, to reach 25.083 million barrels per day, with the support of increased supplies in Iran, Nigeria and Iraq.
According to the monthly report of the Organization, the largest increases came from Nigeria as oil production rose by about 75 thousand barrels per day, up to 1.548 million barrels per day, followed by Iran , registered an increase of 73 000 barrels per day. "
He said that Saudi Arabia was a third increase of 34 thousand barrels and Then came Iraq fourth, with an increase of 6 thousand barrels per day to reach 3.920 million barrels per day after it was 3.914 million barrels per day last March, then Equatorial Guinea and the UAE by 5 thousand barrels each.
As the report indicates, the largest drop came from Venezuela, where shipments decreased by 81,000 barrels per day, to reach 445,000 barrels per day, followed by Libya by 67,000 barrels and Angola by 16,000 barrels.
The Organization of Petroleum Exporting Countries expected global oil demand to grow this year by 6 million barrels per day, with an average of 96.5 million barrels per day.
butterfly Basra Light crude is the highest in OPEC
Wednesday 12, May 2021 10:11.............The price of Basra Light crude oil rose today, Wednesday, in conjunction with the increase in the prices of Brent and US crude, while the price of Basra Heavy crude decreased.
Basra Light, exported to Asia, rose to $ 68.17 a barrel, by $ 0.41, or 0.61%, from Tuesday.
While Basra heavy crude prices recorded 63.40 dollars per barrel, a decrease of 1.80%.
The price of Basra Light oil was the highest among the members of the Organization of Petroleum Exporting Countries, and Saudi Arabian Light crude reached $ 67.17 per barrel, and the Emirati Murban mixture scored $ 66.29 per barrel, while the Algerian mix Sahran scored $ 66.74 per barrel, and Nigerian Bony Light hit $ 67.07, and Angolan Gerasol 67.77. Dollars.
International oil prices rose today, bringing Brent crude to $ 68.60, and US West Texas crude at $ 65.35.
butterfly Al-Rafidain: Master card holders have priority in obtaining advances and loans
Wednesday 12, May 2021 11:46 .........Al-Rafidain Bank announced that employees and members of the security forces have priority in obtaining advances, loans and other banking services.
The media office of the bank said in a statement that the services provided by the bank to customers varied between advances, loans and banking facilities. Indicating that it is obtained through the branches located in Baghdad and the governorates.
butterfly Al Rasheed Bank announces the opening of a number of its branches during the blessed Eid Al Fitr Wednesday 12, May 2021 12:56 ...........Al Rasheed Bank decided to open a number of its branches during the blessed Eid Al Fitr. The media office stated that "work will continue during the Eid days to pay the dues and salaries of (Nakheel) cardholders." The branches are:
1- Baghdad (Al-Bayaa / Yarmouk / Twentieth Revolution / Al-Imam Al-A'zam)
2- Babylon (Al-Hillah) Branch 3- Karbala (Al-Hussein) Branch 4- Najaf (Al-Rawdah)
5- Diwaniyah (Al Furat) 6- Al-Muthanna (Samawah) 7- Wasit (Wasit) 8- Maysan (Dignity)
9- Tamim (June 1) 10- Dhi Qar (Arado) 11- Basra (Qurna / Zubair / Thawra Street)
12- Anbar (Haditha / Hit / Amiriyat Al Fallujah) 13- Salah Al-Din (Shishin / Samarra)
14- Diyala (Ashnona / Khanaqin) 15- Nineveh (Al-Jazeera) ./ End 8
butterfly An independent politician: The rise in the price of the dollar above the official announced rate .. evidence of the failure of the Central Bank to follow up its decision
Wednesday 12, May 2021 14:33.........The independent politician Thaer Munir Al-Zubaidi affirmed that the dollar’s rise above the official announced rate is evidence of the central bank’s failure to follow up on its decision.
He said in a statement that the Iraqi National News Agency / NINA / received a copy of it: "The Central Bank had previously issued an official decision to set the price of selling and buying the dollar, which is supposed to follow up on this issue and not to leave it to the whims of speculators and banking companies."
Al-Zubaidi added: "What the citizen notices is a lack of commitment to the official price, whether it is in the stock exchange for buying and selling foreign currency or even at the level of exchange offices."
Failure to adhere to the official rate was considered a disregard for government decisions and a failure and a failure of the Central Bank in particular and the government agencies concerned in general to follow up on official decisions.
Al-Zubaidi stated that: The Central Bank’s decision regarding the currency rate proved its failure and was unable to control the trading market and had a clear negative impact on commercial movement in general and the lives of citizens in particular.
butterfly 2021-05-12 04:37 Shafaq News/ Gold prices slipped on Tuesday as rising U.S. Treasury yields countered support from a weaker dollar and investors awaited U.S. consumer price data to gauge inflation.
Spot gold fell by as much as 0.4% to a session low of$1,829.94 per ounce at 0510 GMT. U.S. gold futures settled down 0.3% at $1,830.30.
Benchmark U.S. 10-year Treasury yields rose for third straight day, increasing the opportunity cost of holding non-interest bearing bullion.
The dollar index hit a more than two-month low in the session, helping gold pare its earlier loses.
Elsewhere, palladium rose by 0.3% to $2945.02 per ounce, while platinum was down 0.5% at $1229.02. Silver lost 0.9% to $27.38 per ounce.
butterfly 2021-05-12 02:47 Shafaq News/ Today, Wednesday, May 12, 2021, the Dinar/Dollar exchange rates rose in Erbil amid market closure in Baghdad.
Shafaq News Agency correspondent said that Erbil Central Exchange is trading the 100 US dollar at 148,650 (selling) and 148,500 (buying) Iraqi Dinars.
Markets in Baghdad will be closed until May 22 due to the total lockdown imposed by the Supreme Committee for National Health and Safety.
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butterfly Planning expects the stability of the economic and financial situation .. and provides evidence
05/12/2021 15:20:46 Planning expects the stability of the economic and financial situation .. and provides evidenceThe Ministry of Planning expected the stability of the economic and financial situation related to the movement of the dollar’s exchange rate in the local markets.
“By following up on the inflation indicators affected by the rise in the dollar, there is stability in prices, as last April was 0.1, and in March inflation was 0.6, and in February it was 0.7 and December was 0.8,” ministry spokesman Abdul Zahra Al-Hindawi said.
“We notice a stabilization and a decline in inflation rates, as a result, the economic and financial situation associated with the price movement will stabilize,” he added.
The Ministry of Planning announced earlier today, Wednesday, that the monthly inflation rate increased during the month of April, by 0.1% compared to the previous month.
She said in a statement, “The Central Bureau of Statistics continues to monitor price movement in the Iraqi local markets, in all governorates, on an ongoing basis, and on the basis of this monitoring it releases its monthly qualitative report for the index and consumer prices, which indicates monthly inflation rates.”
She added, “The first digital qualitative report to monitor the changes accompanying the change in the dollar’s exchange rate, was during the month of December of last year, which showed an increase in the rate of inflation, by (3.3%), compared to the month of November, which witnessed an increase in the exchange rate.”
butterfly The planning pointed out, “The inflation rates continued to rise slightly during the past four months of the current year, adding that the inflation rate rose by (0.8%) during the month of January, and in February it increased by (0.7%), and it rose during the month of March. By (0.6), while the rate of increase in the inflation rate during the month of April was (0.1%), revealing that the cumulative rise in inflation rates during the past six months (from November 2020 to April 2021) amounted to (5.6%). . alforatnews.com
butterfly Trade announces an agreement with a giant American company to supply its cars
05/12/2021 15:38:23 Trade announces an agreement with a giant American company to supply its carsThe Ministry of Trade announced that the General Company for Car Trade has signed a preliminary agreement with the Iraqi Al-Mansour Automobile Company to supply Chevrolet cars to Iraq.
The general manager of the company, Bassem Naeem Al-Aqili, said in a statement to the ministry that the Euphrates News Agency received a copy of it, that “after negotiations that lasted for more than a year between the General Company for Trade in Cars and Machinery and the Iraqi Al-Mansour Company, the exclusive agent of the American General Motors Company, the two sides signed the agreement to supply Chevrolet cars to Iraq”
He pointed out that he signed the preliminary agreement on behalf of his company, while the preliminary agreement was signed by the Iraqi Al-Mansour Company, its authorized director Ziad Al-Rifai, in a ceremony held at the company’s headquarters, stressing at the same time that “this agreement coincides with the opening of the General Company for Cars and Machinery Trading to deal with international companies.”
Producer and marketer of cars with discreet origins and known internationally, in order to serve the Iraqi citizen to provide the best products that our company is a pioneer in its field of work in the Iraqi market.
For his part, the managing director of the Iraqi Al-Mansour Automotive Company, Ziyad Al-Rifai, expressed his optimism and his pleasure in dealing with {GAMCO} as it is one of the leading and long-standing companies in the Middle East region in the field of importing and marketing cars and equipment, and that his company will train and develop the cadres working in the company and it is committed to achieving this. . alforatnews.com
butterfly A security expert: The withdrawal of the American maintenance company will turn the Iraqi F-16 into a pile of iron - 05/12/2021 13:07:16 A security expert - The withdrawal of the American maintenance company will turn the Iraqi F-16 into a pile of ironA security expert, Fadel Abu Ragheef, said that the withdrawal of the American maintenance company {Lockheed Martin} from Balad Air Force base due to repeated missile strikes on it will turn Iraqi F-16 fighters into a “useless pile of iron.”
Abu Ragheef said in a press statement, “There are no longer any American or foreign combat forces in Iraq, except for maintenance companies,” noting that “the existence of such companies is for the purpose of maintenance and maintenance only, and it is a very necessary presence because it sustains {F-16} aircraft.” That Iraq bought from the United States of America, and only this company can perpetuate it, and therefore; its presence means the presence of the Iraqi air force. ”
He explained, “The withdrawal of the employees of this company will cause very serious damage, because with this withdrawal, these aircraft will turn into a mere pile of iron that is useless and useless.”
The company, “Lockheed Martin” withdrew from Iraq, on Tuesday, threatening the entire program of maintenance of Iraqi combat aircraft.
The company left Balad Air Base, south of Salah al-Din Governorate, after “several missile attacks that the authorities seem unable to stop,” as she put it.
“The company’s technicians are conducting the necessary maintenance operations on Iraqi combat aircraft, and without these operations, combat sorties will not be possible,” Iraqi military personnel
said in a statement . The aircraft manufacturer said in a statement that it “is transferring the F-16 team that is based in Iraq.” Due to “considerations related to employee safety.”
butterfly The decision comes after the Balad air base, which hosts the planes and the company’s technicians, was repeatedly bombed by missiles, the most recent of which was the bombing on May 3.
AFP quoted an Iraqi official, describing it as a high-ranking one, as saying that “the crews The company has already left Monday morning, and the team includes 72 specialized technicians from Lockheed Martin, “while another military source also confirmed the team’s departure from the base.
The US Department of Defense (the Pentagon) said,”The US government is coordinating closely with the company to ensure continued support for the Iraqi F-16 program. ”
Currently, the company is conducting deep maintenance operations on aircraft, with the help of Iraqi technicians who are performing less comprehensive and in-depth maintenance phases. alforatnews.com
butterfly Planning announces a high rate of inflation during last April at this rate
Wednesday 12 May 2021 | 02:34 PM Planning announces a high rate of inflation during last April at this rateThe Ministry of Planning announced, on Wednesday (May 12, 2021), an increase in the monthly inflation rate, during the month of April, by 0.1% compared to the previous month .
The spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said in a statement, “The Central Bureau of Statistics continues to monitor price movement in the Iraqi local markets, in all governorates, on an ongoing basis, and on the basis of this monitoring it releases its monthly qualitative report for the index and consumer prices, which indicates Monthly inflation rates . ”
He pointed out that “the first digital qualitative report to monitor the changes accompanying the change in the exchange rate, was during the month of December of last year, which showed an increase in the rate of inflation, by (3.3%), compared to the month of November, which witnessed the increase in the exchange rate .”
Al-Hindawi pointed out that “inflation rates continued to rise slightly during the past four months of this year, adding that the inflation rate rose by (0.8%) during the month of January, and in February it increased by (0.7%), and it rose during the month of March by (0.6), while the rate of inflation increased during the month of April, by (0.1%), “revealing that” the cumulative rise in inflation rates during the past six months (from November 2020 to April 2021) reached (5.6%) “.
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