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Zig’s Place Chatroom News Friday AM 11-5-21

Zig’s Place Chatroom News Friday AM 11-5-21

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

Butterfly   Economist: Reducing The Dollar Exchange Rate Is Exclusively In The Hands Of The Governor Of The Central Bank

LAST UPDATE 11/04/2021 | 11:27 AM   The economic expert, Nabil Jabbar Al-Ali, confirmed, on Thursday, that the decision to change and determine the foreign exchange rate is in the hands of the Governor of the Central Bank exclusively, noting that the bank is responsible for monetary policy.

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Al-Ali said, in a statement to "The Information", that "returning the dollar exchange rate to its previous state is the exclusive competence of the Governor of the Central Bank, and there is no government or regulatory authority involved in this."

He added, that the Central Bank is able to take a decision to change the price without restrictions or conditions, as it is independent and is responsible for drawing monetary policies in Iraq.

Al-Ali pointed out that “the government and parliament cannot force the central bank to change the foreign currency exchange rate.”

The economic expert, Younis Al-Kaabi, had confirmed earlier, that the central bank can gradually reduce the price of the dollar.  https://almaalomah.me/2021/11/04/562278/

Doug_W  butterfly GM we were worried about U

UNEEK   butterfly yeah where you been for 2 days?

butterfly   I have received information for me and at this time I can't tell you what it is, but I was doing the happy dance.

Sheila  butterfly woohoo

UNEEK   butterfly great happy for you

butterfly   When I receive what I have been told, I will be leaving KY and head to MI and set up some important things.

Doug_W   butterfly GL

butterfly   It could have happened in warming weather, but hell I'll take it

butterfly   I have been in personal contact and I wished I could have involved all of you, but I wanted to make sure it was true but from what I've been told, others have already received theirs.

Sheila   butterfly thank you for sharing

butterfly   USPS will probably hold it up as they did with a 2 day delivery that took 7 days.

Doug_W    butterfly I had a 3 day that took 8

butterfly   I ask Zig to post that article I sent him, but he is in hiding and has given up on the dinar. Never ever give up, there are things that will happen when you least expect it. As you all know I have been in this for a very long time and as you all should know, by now, I am not a naysayer, just someone that believes in things will happen when they are suppose to happen.

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Doug_W   and IF butterfly

butterfly   Doug_W I won't go political, but DeJoy needs to be removed. We have a lot of elders that rely daily on the USPS and when I went to the UPS they said they have received more business since he took office.

Doug_W   agreed

butterfly   A lot of elders receive their meds through the USPS and have not. That angers me but I have no control over that.

Doug_W   I do from VA

butterfly   Just heard last night that another neighbor was just put on the ventilator.

butterfly   As I stated many times, no president of the US has control of the gas prices and this article just proved what I have been saying.............

Oil prices rise after “OPEC +” ignores an American call

Friday 05 November 2021 Oil prices rose today, Friday, to compensate for some of its losses, after the “OPEC +” group rejected an American call to increase supplies and agreed to stick to plans for a gradual return to production that had stopped due to the Corona pandemic.

Brent crude rose 82 cents, or just over one percent, to $81.36 a barrel, after losing about two percent on Thursday.

While US crude increased by 97 cents, or 1.25 percent, to $ 79.78 a barrel, after losing 2.5 percent in the previous session.

And “OPEC +” agreed at a meeting yesterday, Thursday, to adhere to plans to increase oil production by 400,000 barrels per day from December 2021, ignoring US President Joe Biden’s call to increase supplies to curb the rise in prices. https://ninanews.com/Website/News/Details?key=937205

butterfly   Take the time to re-read this article again:

Economist: Reducing The Dollar Exchange Rate Is Exclusively In The Hands Of The Governor Of The Central Bank

LAST UPDATE 11/04/2021 | 11:27 AM   The economic expert, Nabil Jabbar Al-Ali, confirmed, on Thursday, that the decision to change and determine the foreign exchange rate is in the hands of the Governor of the Central Bank exclusively, noting that the bank is responsible for monetary policy.

Al-Ali said, in a statement to "The Information", that "returning the dollar exchange rate to its previous state is the exclusive competence of the Governor of the Central Bank, and there is no government or regulatory authority involved in this."

He added, that the Central Bank is able to take a decision to change the price without restrictions or conditions, as it is independent and is responsible for drawing monetary policies in Iraq.

Al-Ali pointed out that “the government and parliament cannot force the central bank to change the foreign currency exchange rate.”

The economic expert, Younis Al-Kaabi, had confirmed earlier, that the central bank can gradually reduce the price of the dollar.   https://almaalomah.me/2021/11/04/562278/

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butterfly   Iraq, a rich nation where people go hungry

The strange paradox is that at the time it was besieged, Iraq did not go hungry; while now, a rich Iraq sees it people falling into the throes of hunger.

Friday 05/11/2021 https://thearabweekly.com/iraq-rich-nation-where-people-go-hungry

butterfly   2021-11-05 04:29   Shafaq News/ The head of "Iraqiun" alliance, Ammar al-Hakim, held a meeting with the leader of the Sadrist movement, Muqtada al-Sadr, earlier today, Friday.

Al-Hakim said in a post he shared on social media, "upon receiving al-Sadr, we discussed the updates on the situation in Iraq, the results of the election, and the entitlements of the upcoming stage."

Yesterday, al-Sadr met with the leader of Takaddom party, Mohammad al-Halboosi.

The results of the early parliamentary election held on October 10 showed the Sadrist movement maintaining the most seats in parliament, leading in several of Iraq's 18 provinces, including the capital Baghdad.

Al-Sadr, a controversial leader remembered for leading an insurgency against U.S. forces after the 2003 invasion, appeared to have increased his movement's seats in the 329-member parliament from 54 in 2018 to 73.

None of the competing political blocs appeared on track to win a majority in parliament and consequently name a prime minister. But as the results stand, al-Sadr's bloc will be able to take a leading role in the political horse-trading to find a compromise candidate and set the political agenda for the next four years.

The State of Low Coalition, led by the former Prime Minister of Iraq Nouri al-Maliki, secured 37 seats, fours seat hind al-Taqaddom (Progress) bloc led by the Parliament Speaker Muhammad al-Halboosi.

The Kurdistan Democratic Party (KDP) led by the Kurdish leader Masoud Barzani has won 32 seats; twice more than Iran's favorite al-Fatah Alliance, which toll of seats diminished to 14 only from 48 in the 2018 elections. https://shafaq.com/en/Iraq-News/Al-Sadr-meets-al-Hakim-to-discuss-the-election-results

butterfly  Ambassador sees Opportunities for German Businesses in Iraq ..................... 4th November 2021 in Investment, Iraq Industry & Trade News ......................... Germany's new ambassador to Iraq has invited German companies to join an economic conference in Basra, which he is planning to arrange in Spring 2022, in cooperation with the Governor of Basra.

H.E. Martin Jaeger said his first trip within Iraq following his appointment was to Basra, where he got the strong impression that there are many opportunities for German businesses.

He made the announcement this morning at a meeting organised by the German Liaison Office for Industry and Commerce in Iraq (AHK Iraq), at which he was welcomed as Germany's new ambassador to Iraq, and H.E. Lukman Faily was welcomed as Iraq's new ambassador to Germany.

H.E. Faily said he will work together with German businesses to help create the right opportunities and identify the right sectors for German businesses, and will facilitate connections with decision-makers in Iraq.

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Closing the meeting, Oliver Oehms, Delegate of German Industry & Commerce to Iraq & CEO of the German Emirati Joint Council for Industry & Commerce (AHK), invited the Ambassadors to meet him at the Iraqi Pavilion at Expo 2020 in Dubai. https://www.iraq-businessnews.com/2021/11/04/ambassador-sees-opportunities-for-german-businesses-in-iraq/

butterfly   UN Awards More Contracts in Iraq ................................. 5th November 2021 in Construction & Engineering In Iraq .............. Two more companies have won contracts with the United Nations in Iraq:

SAGMAN Company for Construction and Contracting Ltd: Construction of low-cost housing units in Dkory, Sinjar, Ninewa Governorate; Contract value $311,168;

Sar Albraa for General Contract and Trade Ltd.: Renovation and Extension of the Existing Internal Road at UNAMI Field Support Base (FSB) Compound at Baghdad International Airport; Contract value $183,690

(Source: UN) https://www.iraq-businessnews.com/2021/11/05/un-awards-more-contracts-in-iraq/

Butterfly   2021-11-04 09:35

Shafaq News / Oil prices rose more than $2 on Thursday, lifted by expectations that OPEC and its allies will stick to slow output increases despite calls from the United States and large importers for additional supply to cool the market.

Brent crude was up $2.15, or 2.6%, at $84.14 a barrel by 1338 GMT and U.S. West Texas Intermediate crude rose $2.07, or 2.6%, to $82.93.

The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, a group known as OPEC+, meets later on Thursday and is expected to reconfirm plans to keep monthly supply increases at 400,000 barrels per day (bpd).

"Oil prices have traded in a narrow range thus far this week, with investors assessing the likelihood of OPEC+ succumbing to pressure to add more crude to global oil markets as well as deliberations from the Federal Reserve policy meeting," said Ehsan Khoman, head of emerging markets research at MUFG.

Citi analysts said that OPEC+ is likely to stick to current policy despite pressure from oil importers.

"The majority of OPEC+ members cannot raise production from current levels," the bank said in a note, adding that even Saudi Arabia has emphasised the need to exercise caution given continuing uncertainty over the COVID-19 pandemic.

Top producers Saudi Arabia and Russia are also more confident that higher oil prices will not elicit a fast response from the U.S. shale industry, OPEC+ sources said, reflecting a desire to rebuild revenue and supporting the case against raising OPEC+ output more quickly.

However, several large oil companies plan to increase output or shale spending next year, which could undercut OPEC+ efforts to control supply and support prices.

Oil prices had earlier been in negative territory after Iran and six global powers agreed to resume talks on Nov. 29 to revive the 2015 deal on Iran's nuclear programme. Iran has demanded that the United States drops sanctions that have limited its oil exports.

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butterfly   On Wednesday both benchmarks posted their biggest daily percentage declines since early August after weekly inventory data from the U.S. Energy Information Administration showed a larger than expected rise in crude stocks last week.

Source: Reuters https://www.shafaq.com/en/Economy/Oil-prices-rise-by-2-ahead-of-OPEC-meeting

butterfly   2021-11-05 06:15   Shafaq News/ The head of the negotiating delegation of the Kurdistan Democratic Party, Hoshyar Zebari, praised the role of the Sadrist movement during the post-elections period.

Zebari made a statement following his meeting with the political body of the Sadrist movement in Baghdad.

The negotiating delegation of the Sadrist bloc, headed by Hassan al-Adhari, had received this morning, the KDP delegation in Baghdad.

The two delegations discussed the results of the elections, and stressed that the success of the elections was proven for the first time since 2003.

Al-Adhari stressed the importance of the next stage, describing it as a construction and services stage that will positively affect the security situation in the country. In addition, he hoped that the new government will be an "independent government away from any external interference."

Zebari praised Sadr's stances, pointing that the Sadrist movement has a very important role in the Iraqi arena. https://www.shafaq.com/en/Iraq-News/Zebari-the-Sadrist-movement-has-a-very-important-role-in-the-Iraqi-arena

UNEEK   butterfly thanks for posting the news   :Reading:

butterfly   UNEEK yw

Clydesdale   This is in direct response to Kap saying there is over 100 trillion dinar in circulation and there is going to be a lop. Newshound Guru Breitling Member comment: "One of the gurus is always talking about trillions of dinar out there...You have said on many occasions at last count there were between 5 and 6 billion notes and we were waiting for it to get around 4 billion or less.

I  think what this guy is trying to figure out is what denominations are out there and came out with trillions." No. What he's doing is taking the M1, M2, M3 [reports]...M1 has the currency - How much physical currency is in circulation. That's in the M1 report. The M2 report is the commodities - gold [etc]... there are 4 separate reports and what he's doing is...talking all those reports and combining them together.

What do all those reports [equal] combined together...? Something like 54 trillion in dinar value. He's trying to say there are 54 trillion dinar out there in circulation. He is wrong...

Clydesdale   Newshound Guru Kaperoni It is...a fact that Iraq has over a hundred trillion dinar in circulation. There is no possible way they could ever significantly RV the dinar. What they can do is redenominate (LOP) the dinar removing trillions to billions.

butterfly  Clydesdale Thanks and it is nice to see you here again.

butterfly   Clydesdale did you read what an Economist said about the CBI?

Clydesdale   Hi and thanks Butterfly. No I did not see that about what the Economist said about the CBI

Clydesdale   butterfly Yes I found it and read it

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butterfly   As been stated by someone on here many times that the CBI has no control. I guess the economist disputed that.

Clydesdale   Surely did

butterfly   His current reveals a move by al-Hakim to “melt the ice” between al-Sadr and al-Maliki with the aim of forming a government

2021-11-05 08:02   His current reveals a move by al-Hakim to melt the ice between al-Sadr and al-Maliki with the aim of forming a governmentShafaq News/ The office of the Wisdom Movement headed by Ammar al-Hakim revealed, on Friday, new details about the meeting of al-Hakim and the leader of the Sadrist movement Muqtada al-Sadr, noting that al-Hakim is moving to melt the ice between al-Sadr and the leader of the State of Law coalition Nuri al-Maliki to form the next government.

A source in Al-Hakim’s office told Shafak News Agency, “The political alliances were not present at the meeting table between Al-Hakim and Al-Sadr,” noting that “the latter would like to open an indirect dialogue with the coordination framework for the purpose of calming the street until the election results are approved.”

He added, “Al-Sadr is also looking to gather the largest number of the coordination framework for the purpose of going with the largest bloc coalition to form the next government, with the exception of the rule of law and its leader, Nuri al-Maliki.”

The source added, “The difference and objection between the Sadrists and the rule of law exists on the scene, but we may witness a point for dialogue between the Sadrists and the rule of law to form the new government.”

And the source indicated, “Al-Hakim will move next week to calm the street, resolve the crisis and bring the views between the Sadrists, the rule of law and the coordinating framework, and work to melt the ice between Al-Sadr and Al-Maliki.”

Earlier today, Friday, Al-Hakim and Al-Sadr met in Baghdad and discussed the latest developments in Iraq, the results of the recent elections and the benefits of the next stage.   shafaq.com

Butterfly   A rise in the price of the dollar with the closure of Baghdad markets

2021-11-05 08:38   A rise in the price of the dollar with the closure of Baghdad marketsShafaq News/ The exchange rate of the US dollar rose against the Iraqi dinar, today, Thursday, with the closure of the main stock exchange in Baghdad.

Shafaq News Agency correspondent said that the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad closed at 148,100 Iraqi dinars for 100 dollars, while the prices this morning were 147,950 Iraqi dinars for 100 dollars.

Our correspondent indicated that buying and selling prices have stabilized in banking shops in the local markets in Baghdad, where the selling price amounted to 147,500 Iraqi dinars, while the purchase prices amounted to 148,500 dinars per 100 US dollars.   shafaq.com


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