Zig’s Place Chatroom News Friday AM 1-14-22

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

Sparky   ... thinkin' this endeavor has peaked ... slow, slide ahead ... buckle your seat belt, it may be a rough ride down ... ( May West ) ...

Sheila   Slow Ride by Foghat (short version) -- https://www.youtube.com/watch?v=mIjZE4kcg_Q

Sheila   RV Updates - Found this document out in the clouds:   https://documentcloud.adobe.com/link/track?uri=urn:aaid:scds:US:340ff15a-ee3f-4afc-8bc9-3486bbecc995#pageNum=1

Sheila   Turn, Turn, Turn by The Seekers - https://www.youtube.com/watch?v=VRg9NkIdjVs

Sparky   ... it was Great Britain that broke off Kuwait from Iraq ... back in the day ...

Sparky   ... Britain owned Iraq ...... CBI.iq ...... / history ...

Sparky   ... Kuwait was a part of Iraq for millennia ...... Mellania ...hahaha ...

butterfly   Iraq's credit rating lifts with final reparations payment to Kuwait

Iraq paid Kuwait a final installment of war reparations more than 31 years after the invasion of Kuwait, which may free up funds for new domestic projects. https://www.al-monitor.com/originals/2022/01/iraqs-credit-rating-lifts-final-reparations-payment-kuwait

butterfly   UN confirms Iraq's Final Reparations Payment to Kuwait Today (Thursday 13th January), the United Nations Compensation Commission (UNCC) made available $629,324,488 to the Government of the State of Kuwait towards the Commission's remaining claim with an outstanding award balance.

With this payment, all claimants awarded compensation by the Commission have now received the full amount of their respective awards. In total, the Commission has paid out $52.4 billion in compensation to more than 1.5 million successful claimants.

The United Nations Compensation Commission is a subsidiary organ of the United Nations Security Council. It was established in 1991 in accordance with Security Council resolutions 687 (1991) and 692 (1991) to process claims and pay compensation for losses and damages incurred by individuals, corporations, Governments and international organizations as a direct result of Iraq's invasion and occupation of Kuwait (2 August 1990 to 2 March 1991). The Commission received approximately 2.7 million claims and concluded its review of all claims in 2005.

Successful claims were paid from the United Nations Compensation Fund which received a percentage of the proceeds generated by the export sales of Iraqi petroleum and petroleum products.

This percentage was set pursuant to various Security Council resolutions and decisions of the Commission's Governing Council and was most recently set at 3 per cent under Governing Council  decision 276 (2017).

With the Commission nearing its conclusion, a special session of the Governing Council will be held on 9 February 2022 to mark the payment in full of all compensation awarded by the

Commission and the conclusion of its mandate. (Source: United Nations Compensation Commission)

Sheila   Article: Student-Loan Processor Navient to Cancel 1.7 Billion of Debt - Agreement to forgive private loans for 66,000 borrowers resolves state lawsuits against company ... continued on this link -- https://www.wsj.com/articles/student-loan-processor-navient-to-cancel-1-7-billion-of-debts-11642090311

Dave   "With the Commission nearing its conclusion, a special session of the Governing Council will be held on 9 February 2022 to mark the payment in full of all compensation awarded by the Commission and the conclusion of its mandate.".........

Dave   butterfly seems as if the UNSC has yet to make a formal announcement regarding Iraq exiting Ch7?   ".....conclusion of its mandate."..????

Butterfly   The Eurozone Is Running A Trade Deficit

Economic  Last Update 01/14/2022 | 5:46 PM  European data showed that the euro zone recorded a trade balance deficit of 1.5 billion euros last November, after a surplus of 3.6 billion euros last October.

The European Statistics Agency (Eurostat) said that the trade balance of the euro zone recorded a deficit last November, after it had recorded a surplus of 25 billion euros in November 2020.

According to the data, the eurozone's balance deficit in November 2021 was recorded for the first time in 8 years.

The data also showed that exports of goods from the European Union in November 2021 increased by 13.8% on an annual basis, while imports rose by 37.6%.

butterfly   Economist: Iraq Has Financial Space At The Present Time

Economic  Last Update 01/14/2022 | 5:45 PM  The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that raising Iraq from the list of high risks encourages the entry of capital into the country, while noting that Iraq's financial rating is high and has the ability to pay off debts and confront them.

Saleh told the Iraqi News Agency (INA): "The situation of foreign debt is comfortable and decreasing, and there is a financial space in Iraq at the present time," noting that "what must be paid does not exceed 20 billion dollars, and this has allocations in the budget."

He added that "Iraq's rating is high, and this classification did not come from a vacuum and we have the ability to pay off debts and confront them," noting that "the neo-liberalism in the world liberated the economies of the world, including Iraq, so liberating the economy and financial transfer in the world daily is about 5 trillion dollars, and this The exchanges include problems, economic crimes, money laundering, and others.”

He pointed out that "Iraq was infected with suspicions of money laundering due to the occupation of ISIS, which is a terrorist force and has external financing.

He stressed that "Iraq has proven that it is free of money laundering and has been raised from the list of high risks to natural, and this is a very important matter that gives freedom and liberalism to banks to work in global environments, the ability to immunize, attention and low cost, which encourages the entry of capital into the country without problems, and this is positive for the benefit of Iraq."

Butterfly   Iraq Is Second In The List Of Countries That Buy Homes In Turkey

Economic  Last Update 01/14/2022 | 4:13 PM  On Friday, the Turkish Statistics Authority announced that Iraqis ranked second as the most people buying real estate in Turkey during the month of December.

The authority said in a report, "House sales in Turkey to foreigners increased by 77.1% last December 2021 compared to the same month of the previous year and became 7 thousand and 848 houses. Istanbul got the highest share with three thousand and 300 houses, and Antalya came in second place with sales 827 houses, then Ankara with 489 houses.

And she added, "Turkey sold, during the period from January to December, 58,576 homes to foreigners, with an increase of 43.5%."

And she pointed out that "the Iranians topped the rest of the countries in buying real estate in Turkey during December, with a number of 1462 houses." Iraq came in second place, with 1039 houses, and Russia came third with a number of 885 houses, Germany fourth with 296 houses, and Kazakhstan fifth with 282 houses “.

Iraqis have been at the top of the list of home purchases in Turkey since 2015, but it has fallen to second place after Iran at the beginning of the current year 2021, while Turkish Interior Minister Suleiman Soylu announced on November 13, 2020, that more than 114,000 Iraqis are now on the territory of his country.

Butterfly   Oil Prices Rise Amid Economic Concerns

Economic  Last Update 01/14/2022 | 12:28 PM  Oil prices rose, today, Friday, in light of economic concerns over demand for crude in the near term due to the high number of infections with the Corona virus.

By 11:20 Moscow time, US crude futures "West Texas Intermediate" rose by 0.37% to $ 82.42 a barrel.

Brent crude futures rose 0.51% to $84.90 a barrel, according to Bloomberg website data.

The rise came at a time when media outlets reported that China will release quantities of crude from its national strategic stocks during the Lunar New Year holiday, which begins on February 1, 2022, as part of a plan coordinated by the United States with other major consumers to reduce global prices. .

According to the sources, China agreed in late 2021 to withdraw quantities of oil from stocks, depending on the levels of black gold prices in the markets.

butterfly   The Central Bank Clarifies The Value Of Interest On 4 Types Of Loans And Reveals Its Recommendations

ECONOMIC  01/14/2022 | 11:41 AM  Today, Friday, the Central Bank of Iraq clarified the value of interest on 4 types of loans, while revealing its recommendations to banks.

The Deputy Governor of the Central Bank, Ihsan Shamran Al-Yasiri, said in a statement to the official agency seen by / the information / that "the central bank encourages many banks to reduce interest, and to expand it to provide banking services and include all beneficiaries."

He added that "the central bank urges banks to reduce the gap between the benefits of borrowing and lending," noting that "some banks grant interest with high loans and few benefits to depositors, and this depends on the extent of the risks and the extent of the feasibility of borrowing. The comparison is made with accepting the deposit, because the bank cannot grant returns. It is high for investors, because he may have borrowed money and seeks to achieve between the interest he achieves for the customer and the cost of the money he obtained in order to lend it.”

And he indicated that "all these matters do not apply to the initiative of the Central Bank, because the initiative is for housing loans and they are interest-free, but with a single administrative commission," explaining that "loans on other projects, whether agricultural, industrial or commercial, have very low and diminishing interests."

butterfly   IRAN Expects The Value Of Export Goods To Reach $46 Billion This Year

Economic Last Update 01/14/2022 | 9:13 AM

An Iranian customs official expected that the value of export goods would reach $46 billion this year.

"Exports amounted to 3.5 billion dollars per month in the first half of this year and 5 billion dollars per month in the second half of the year," said Faroud Askari, assistant head of the Iranian Customs Department for Technical Affairs, referring to the acceleration in the pace of exports and the lifting of some obstacles to foreign trade. “.

He believed that “the Ministry of Industry, Mines and Trade’s assignment of the issue of returning hard currency returns obtained from exports and increasing the incentives for exporters with the decision of “imports versus exports” and transiting from the Corona conditions, is one of the reasons for the acceleration of exports.”

Askari stressed the need to increase the activities of Iranian economic advisors in the target markets, as well as to increase meetings with customs officials in neighboring countries, in order to increase exports.

Butterfly  Democrat: Understandings Are Continuing With The Union, And We May Reach A “Compromise” On The Presidency

Politician  Last Update 01/14/2022 | 1:14 PM  On Friday, a member of the Kurdistan Democratic Party, Imad Baglan, revealed the continuation of political talks between the PUK and the Democratic Union regarding the dispute over the presidency, indicating that his party's participation in the first session is not related to the Shiite dispute.

Baglan said in a televised interview, which was followed by "Al-Maalouma", that "our entry into the first session has nothing to do with the Shiite split, and that the Shiite division is related to the largest bloc and the prime ministership only."

He added, "Our going with the current does not mean that we stand against the framework, and that the position of the President of the Republic is not the preserve of the National Union."

He added, "Barham Salih was nominated for the presidency without returning to the Democratic Party, and that understandings continue between the two Kurdish parties, and we may reach a settlement."

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