Zig’s Place Chatroom News Friday AM 12-17-21

Zig’s Place Chatroom News Friday AM 12-17-21

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

Butterfly   Bobby Cahill I learned a long time ago to ignore those that call people names, don't read the articles, as you said, want to listen to the gurus/rumors/etc. I post articles in hopes that people will read them, but I have found most want to sit and complain. Life is what one makes it. With that being said, I will post some more articles.

butterfly   Oil prices are heading towards a weekly loss due to the uncertainty related to the Micron

Friday 17 December 2021 Oil prices fell today, heading towards a weekly loss, with the increase in infections with the new mutant Omicron from the Corona virus, which reinforced fears of imposing new restrictions that may negatively affect the demand for fuel.

By this morning, Brent crude futures fell 0.8 percent to $74.43 a barrel, and West Texas Intermediate crude futures fell 0.9 percent to $71.71 a barrel.

Brent is heading towards a loss of one percent this week, while it appears that West Texas Intermediate crude will end the week stable.

The number of Omicron infections doubled in Denmark, South Africa and the United Kingdom in just two days.

In the United States, the rapid spread of the mutation has halted some companies' plans to return their employees to the workplace.

The “OPEC +” group said that it may meet before the scheduled date on January 4, 2022, if changes in demand expectations necessitate a review of its plan to increase supplies by 400,000 barrels per day next January.

https://ninanews.com/Website/News/Details?key=945360

butterfly   https://ninanews.com/Website/News/Details?key=945360

butterfly   Rafidain Bank determines the interest rate on fixed deposits and savings accounts for citizens

Friday 17 December 2021 Al-Rafidain Bank has set the interest rate on fixed deposits and savings accounts for citizens.

A statement by the bank stated: “The interest rate on citizens’ fixed deposits for a period of one year is 5 percent, and the interest on savings accounts reaches 4 percent, granted to citizens in return for depositing their money in the bank.” https://ninanews.com/Website/News/Details?key=945343

butterfly   The Federal Court may request a 2nd manual recount of the ballots in the contested EVMs 2021-12-17 06:50

Shafaq News / A reliable source reported that the Supreme Federal Court may issue a decision to manually re-count (again) the ballots in the contested electronic voting machines in four Iraqi governorates.

The source told Shafaq News Agency, "The Federal Court may issue a decision to re-count (again) the ballots in the contested electronic voting machines in Baghdad, Babel, Saladin, and Nineveh, in which high rates of electoral violations were recorded, according to reports of international observers."

He added that this decision -if issued- will slightly change the election results in those governorates.

The Federal Court said in its meeting last Thursday, that it will postpone its decision regarding the election results until it finishes examining all the appeals it received. https://www.shafaq.com/en/Iraq-News/The-Federal-Court-may-request-a-2nd-manual-recount-of-the-ballots-in-the-contested-EVMs

butterfly   Al-Kadhimi: ethnic diversity is a cornerstone of the government's policy 2021-12-16 11:45

Shafaq News/ The Iraqi Prime Minister, Mustafa al-Kadhimi, on Thursday said that his government is adamant about protecting the ethnic diversity in Iraq, deeming the Christians a crucial component of the country's fabric.

Al-Kadhimi's remarks came during a meeting with the pastor of the Anglican Episcopal Church in Iraq, Father Fayez Bashir Gerges, and his accompanying delegation.

The Prime Minister reiterated "the government's consistent approach to endorsing and protecting Iraqi diversity, and ensuring freedom of worship and the practice of religious rituals for all sects and fraternal religions within the Iraqi home."

"Iraqi Christians, from sects, are a fundamental component and have an important place in the history of Iraq. The majority of the Iraqi people deem Christianity a qualitative richness that adds to the cohesion of the people many motives for love and communication."

For his part, the Christian cleric expressed gratitude for the protection the government agencies provide to all Iraqis and its efforts to maintain coexistence, stability, and peace. https://www.shafaq.com/en/Iraq-News/Al-Kadhimi-ethnic-diversity-is-a-cornerstone-of-the-government-s-policy

butterfly  Jordan, Iraq sign agreement on Mining 17th December 2021 Jordan and Iraq have signed a protocol for cooperation on geology and mining.

Under the agreement, the two sides will exchange expertise in the field of research and exploration for mineral resources, evaluation and preparation for exploitation.

The protocol was signed by the Jordanian Minister of Energy and Mineral Resources, Dr. Saleh Al-Kharabsheh, and the Minister of Industry and Minerals in the Republic of Iraq, Manhal Aziz Al-Khabbaz.

(Source: Ministry of Energy and Mineral Resources) https://www.iraq-businessnews.com/2021/12/17/jordan-iraq-sign-agreement-on-mining/

butterfly   Contracts Signed for 1,000 Chinese-Built Schools in Iraq 17th December 2021 A ceremony was held on Thursday to sign fifteen contracts with Chinese companies to build 1,000 school buildings in various parts of Iraq.

The Chinese side was represented by the Vice President of the Power Construction Corporation of China (PowerChina), Mr. Li Daze, whose company will build 679 school buildings, and by Mr. Koo Jun, the regional director of Sinotech, which will build 321 school buildings.

The Iraqi side was represented in by the Executive Director of the Higher Committee for School Construction, Mr. Karar Muhammad.

The contracts follow a memorandum of understanding signed last year with the People's Republic of China.

(Source: Govt of Iraq) https://www.iraq-businessnews.com/2021/12/17/contracts-signed-for-1000-chinese-built-schools-in-iraq/

Bobby Cahill   butterfly We appreciate you posting for sure. If people read the articles and understood how economic and monetary policies work, they'd sit back and enjoy this for what it is. I can not fathom how people keep living off the lies they find on other sites. Now if you go to those sites and challenge them, poof you're gone/banned. People don't want to discuss this investment on it's merits because it scares the heck out of them.

I know people who sell the IQD and when I ask them questions about cashing this stuff in IF Iraq re denominates and even they say it scares them on exchanging their stock if the Banks don't recognize the IQD? Yes that can happen. . For now they reap the profits and say people who buy this are adults and make their own decisions

I know people talk about Financial Planning after this supposedly happens, so if you do that and your FP loses you money every month, would you continue to invest in his/her knowledge? Anyways thanks for the articles and Merry Christmas

butterfly   Bobby Cahill As Abraham of Silvergreetings told me years ago.......stop listening to the "gurus", IF and WHEN the dinar revalues, it will be international news.

Bobby Cahill   Could be but I'd be weary of ANYONE selling this. Anyways I hope people start asking more questions Your article about mining has promise but then we need to understand the history of Iraq's mining of it's resources. Just look to EITI who suspended Iraq from it's organization because they weren't following international guidelines for areas such as mining

Bobby Cahill   Any investment requires knowledgeable information.

butterfly   Saleh: The 2022 Budget Depends On The Formation Of The New Government

Economic   Last Update 12/17/2021 | 6:39 PM  The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that the legislation of the 2022 budget depends on the formation of the new government.

Saleh said, to the Iraqi News Agency (INA), that "the Iraqi fiscal year ends at the end of December 31, 2021, and the effective financial management law begins directly, that is, from the first day of January 2022 with spending at a rate of 1/12 of continuous actual expenses. for the year 2021.”

He added, "This will continue until the issuance of the Federal General Budget Law for the year 2022, at which point the allocations are modified and according to the new entitlements included in the legislated budget," noting that "the legislation of the budget law for the year 2022 depends on the date of the formation of the government and the upcoming parliament in all cases. https://almaalomah.me/2021/12/17/571365/

butterfly   Learn About The Dollar Exchange Rates In The Local Markets For Today, Friday

12/17/2021 – 11:15 AM   Today, Friday, The Dollar Exchange Rates Witnessed Stability In The Local Markets.

And The Selling Prices Of The Dollar Were Recorded At 148,500 Dinars Per 100 Dollars, While The Purchase Prices Of The Dollar Were 148,000 Dinars Per 100 Dollars.

And The Central Bank Of Iraq Decided Earlier To Adjust The Exchange Rate Of The Dollar Against The Iraqi Dinar, As The Purchase Price Of The Dollar From The Ministry Of Finance Amounted To 1450 Dinars, While The Price Of Selling It To Banks Was Set At 1460 Dinars Per Dollar, While The Selling Price To The Citizen Is 1470 Dinars Per Dollar.        alahadnews.net

butterfly   Al-Kazemi’s advisor reveals the date for legislating the 2022 budget

05:51 – 17/12/2021   Iraqi DinarBaghdad – Mawazine News, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, on Friday, that the legislation of the 2022 budget depends on the formation of the new government.

Saleh said, to the official news agency, that “the Iraqi fiscal year ends at the end of December 31, 2021, and the effective financial management law begins directly, that is, from the first day of January 2022, with spending at a rate of 1/12 of the actual ongoing expenditures for the year 2021.”

He added, “This will continue until the issuance of the Federal General Budget Law for the year 2022, at which point the allocations are modified according to the new entitlements included in the legislated budget,” noting that “the legislation of the Budget Law for the year 2022 depends on the date of the formation of the government and the upcoming parliament in all cases. “. Ended 29/R77   mawazin.net

Dave   Thanx fer the news again....... butterfly

Dave   Still wrapping my head around how or why Iraq could RV going Global while CH7 with no laws or even a Govt at this time?

butterfly  Dave It is their MO. How many times there is an election we go through this.

butterfly   The more they try to become a democracy, the thornes show their way up just to cause havoc because that is, again, their MO.

butterfly   Dave This is interesting, did you see it above: Learn About The Dollar Exchange Rates In The Local Markets For Today, Friday

12/17/2021 – 11:15 AM   Friday, The Dollar Exchange Rates Witnessed Stability In The Local Markets.

And The Selling Prices Of The Dollar Were Recorded At 148,500 Dinars Per 100 Dollars, While The Purchase Prices Of The Dollar Were 148,000 Dinars Per 100 Dollars.

And The Central Bank Of Iraq Decided Earlier To Adjust The Exchange Rate Of The Dollar Against The Iraqi Dinar, As The Purchase Price Of The Dollar From The Ministry Of Finance Amounted To 1450 Dinars, While The Price Of Selling It To Banks Was Set At 1460 Dinars Per Dollar, While The Selling Price To The Citizen Is 1470 Dinars Per Dollar.   alahadnews.net

Dave   butterfly thought that should have been the other way around.......banks get less ?

Dave   20 dinar difference....wow...lol

butterfly   I am sorry Dave but these articles have some truth in them but twisted to where it is hard to understand. Remember they don't speak the same language as we do and they only have 1,500 words, where we......lordy lordy we don't even want to go into that.

Dave   hehe

butterfly   to too two

butterfly   their there they're     on and on.     see saw seen

Dave   look up screw up.cue up

butterfly   dog wants out, back later.

Dave   CBI,iq changed their web site.......cant find their english version on Kap/s 100 trillion IQD in circulation......though hearing more rumors about USA Fed reserve holding a ton from the Bush days......30 some Trillion????

Bobby Cahill   The FED holds their Reserves, not IQD

Dave   Bobby Cahill Aside from CBI's 65 billion?

Bobby Cahill   That's their reserves The FED has 5 locations and most OPEC countries hold their USD their. Security and ease of movement

Bobby Cahill   there oops

Bobby Cahill   Now if someone wants to see the Foreign Reserves the FED holds, it's on their Website. I will tell you this, those Reserves are mostly, if not 100%, the 5 Majors that make up the SDR Basket

Dave   Bobby Cahill 100 trillion in Circ?

Dave   have yet to see that from CBI

Bobby Cahill   I wouldn't doubt that. They've told us of 50 trillion outside the banks and another 45 or so in the banks. Look at their wording when talking IQD numbers., Look at their past Budget, 81 trillion (?)

Bobby Cahill  Once they devalued, twice over the last 5 years? That added more notes into the MArket

Bobby Cahill   GOI gives em 1 USD and now they get more bang for their buck as in 1460

Dave   5 yrs.......CBI rank in many notes from their currency auctions?

Dave   Know Iraqis prefer USD

Bobby Cahill   Actually auctions deal in USD where the rate comes into play on exchange

Bobby Cahill   They love the almighty dollar   I saw you guys talking about the difference in exchange rates in Iraq. Crazy ain't it lol   That's why I never fully bought into the 2% for 90 days deal

Dave   nor I...explain that to Kap

Dave   Bobby Cahill WELCOME...glad to see you here

Bobby Cahill   Actually youy bopught in a quote from Kap about that. I've always contended the 2% came into play for Trade whereas the rates can't go +/- 2% for 90 days

Doug_W   looks like we will ALL find out if/when it happens who was "right"

Bobby Cahill   here's what you brought in......12 Dec 21, 04:31 PM

Dave   Kap.....Indeed from fixed rate to Float.....again never qualify.......was it free float or managed float Shabs discussed this........ under Managed Float ....can only increase 2-3 % every 90 days......to see 1 dime would take a decade.........

Bobby Cahill   Doesn't matter who is right or wrong because this is a very simple investment.

Doug_W   there ya go

Dave   find me a nickle...i be HAPPY

Bobby Cahill   lol isn't there some guy who's always bemoaning a dime? Forgot his name

Doug_W   Baxter

Bobby Cahill   A Nickel would be an absolute miracle

Dave   id be DONE......

Bobby Cahill   I'd be done at 1,000 to one as long as this currency structure goes international

Bobby Cahill   Once it goes international, it does us no good to hold the paper

Zig   2 cents for me...

Bobby Cahill   That's why people should not buy the Dong  If it's traded, why hold the notes?

Dave   Zig 2 cents with FILS........fat chance......   cost more to mint

Doug_W   Zig you ALWAYS want your two cents~~

Bobby Cahill   Not if they restructure the currency   that's why it didn't work back in 2004

Zig   Doug_W : :Moon:

Doug_W   lol

Dave   Bobby Cahill close but no cigar......

Bobby Cahill   The scary part is they told us their plans back in 2011

Dave   Still CH7.......then

Bobby Cahill   That's a tricky one right there. If there are sanctions, what are they. CH VII has multiple Articles that define 7 (39 thru 51 I believe) Yet Iraq operates on an international level

Dave   IMF not require being out of CH7 fer it to be Globally traded?

Bobby Cahill   the currency?

Dave   still deemed exotic

Dave   yes

Bobby Cahill   Most currencies are Exotic

Dave   Forex......NO Where in anything I've seen has restricted the IQD from going international. There are sanctions against individuals and entities, but not Iraq as a whole

Bobby Cahill   Yes I know that's where CH VII comes into play, but Kuait and others needed the CHV II in case Iraq went back to being Iraq where Militias and others are concerned CH VII is a Security issue

Bobby Cahill   Again no where is Iraq restricted from International Trade. All their Trade Agrrements told us that

Bobby Cahill   Weapons and Nuclear came into play on Ch VII but that's been dropped as well. Nuclear being able to build reactors. Heck look at all the weaponary they've been buying

Dave   https://sanctionsmap.eu/#/main?checked=19

Bobby Cahill   Yeah I delved into the EU "blacklist" and saw Rafidain on that list and that dalt with 4 to 5 individuals employed or associated with that Bank

Dave   Read only hold back 54 million.....then out of CH7

Bobby Cahill    The EU incorporates FATF and OFAC as guidance and both those organizations show no restrictions on Iraq as a country

Dave   64 million

Bobby Cahill   A lot expect once that final payment takes place, Iraq will revalue

Dave   not this cowboy.....Not 1 law passed germane to our investment

Bobby Cahill   We all agree that the US Treasury has a big role internationally right?

Dave   USD remains KING.........fer the time being...

Bobby Cahill   Well if you look at their site it clearly states their are no sanctions on Iraq and they are free do deal with expect for certain individuals and entities

Bobby Cahill   If we recall Iraq was removed from the FATF grey list right?  We'll still be here thru next year debating most of the same things lol

butterfly   Bobby Cahill I believe I posted an article about the removal from FATF

Dave  Kuwait may argue otherwise........Aint done until fat Lady sings

Bobby Cahill   butterfly Yep and that was a big deal back then because it showed us Iraq is progressing

Dave    Is Iraq progressing INTERNALLY?

Dave   hcl 140....?

Dave   Private Banking laws.......

TO BE CONTINUED ………………………………..

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