Zig’s Place Chatroom News Friday AM 12-3-21

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Sheila   Discernment Advised: IRAQ DINAR HAS A NEW RATE

Iraq went International Monday. The rate when we see it, will be over $11.90 USD. To demonstrate further, tomorrow or whenever we exchange, we should be able to go to the bank or redemption center, and exchange 1 MILLION Iraq dinars = $11,900,000 USD.

Much more has taken place in Iraq with this change of currency value. Marathon and oil companies, Phillips, have contracted to drill 307 new wells, so far. The investment in Iraq will only escalate from here.

Apparently the IMF stopped Iraq on Monday, from notifying the world of this new global RATE. No reasons were given for this.  

Tonight, this goes live on Forex, and there’s can be hidden no longer.

HALLELUJAH! -- https://nicksintel.wordpress.com/2021/12/02/12-02-2021-iraq-dinar-has-a-new-rate/

Sheila   We shall see -- hoping and praying.

Butterfly   A jump in oil prices after OPEC declined to increase its production

Fri 03 December 2021 Oil prices jumped, on Friday, extending its gains, after OPEC + said that it will review its plans to increase production before its next scheduled meeting if the new “Omicron” strain of the Corona virus weakens demand, but prices are still on the decline path for a sixth week.

Brent crude futures rose 12 cents, or 0.2 percent, to $69.79 a barrel at 01:22 GMT, after having jumped 1.2 percent in the previous session.

US West Texas Intermediate crude futures were not less fortunate than the previous one, as it also rose 27 cents, or 0.4 percent, to $ 66.77 a barrel, adding to its gains of 1.4 percent at the end of trading on Thursday.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, in what is known as OPEC +, surprised the markets yesterday, Thursday, when it announced adherence to plans to increase oil production per month by another 400,000 barrels per day in January. https://ninanews.com/Website/News/Details?key=942596

butterfly   2021-12-03 02:01   Shafaq News / A gauge of global equities surged on Thursday as Wall Street rallied on hopes the Omicron COVID-19 variant will prove mild and will not halt a strongly recovering U.S. economy, while the dollar edged higher in choppy trading as risk appetite improved.

The number of Americans filing new claims for unemployment benefits rose less than expected last week while layoffs tumbled to a 28-1/2 year low in November, both signs of tightening U.S. labor market conditions amid an accelerating economy.

MSCI's all-country world index (.MIWD00000PUS) closed up 0.75% as Wall Street rallied. The Dow Jones Industrial Average (.DJI) rose 1.82%, the S&P 500 (.SPX) added 1.42% and the Nasdaq Composite (.IXIC) advanced 0.83%.

While U.S. investors saw Omicron as mostly benign, European shares fell as countries ramped up restrictions to curb the variant's spread and raised worries about its impact on the region's nascent economic recovery.

The broad STOXX Europe 600 index (.STOXX) fell 1.15%.

The dollar's gains were limited as investors looked ahead to the non-farm payrolls report due on Friday for the state of U.S. employment in November.

Wall Street economists estimate the U.S. economy created 550,000 new jobs last month, a Reuters poll showed.

The dollar index , which tracks the greenback versus a basket of six currencies, rose 0.096% to 96.142. The euro was down 0.19% at $1.1298, while the yen traded up 0.36% at $113.1600.

U.S. Treasury yields edged up as investors returned to riskier assets, with 10-year Treasury notes rising 1.5 basis points to 1.449%.

The 10-year TIPS breakeven rate was last at 2.479%, indicating the market sees inflation averaging about 2.48% annually for the next decade, or lower than recent expectations.

Federal Reserve officials have been talking up a quicker end to the U.S. central bank's massive bond purchases as signs of faster inflation appeared.

butterfly   Federal Reserve Bank of Atlanta President Raphael Bostic told the Reuters Next conference on Thursday it would be appropriate to conclude the tapering of bond-buying by the end of the first quarter of 2022.   Source: Reuters

butterfly   Iraqi Dinar/US Dollar auction results for Sunday 12-5-2021 executed today 12-2-2021

25k Iraqi Dinar notesThe results of the foreign currency sale window, Sunday 12/5/2021, and executed today

Announcement No. (4540)   Sale date – Sunday 5/12/2021 and executed today

the details   the amount  

Total sales for the purposes of strengthening balances abroad (remittances, credits)   147,687,354

Total cash sale  32,930,000   total total sales  180,617,354

Note that:  The selling price of the amounts transferred to bank accounts abroad is ( 1460 ) dinars per dollar.

The cash sale price is ( 1460 ) dinars per dollar.   cbi.iq/currency_auction/view/1166

butterfly   Al-Hayani: The Commission Is In Harmony With The United Nations, And Canceling The Elections Has Become A Popular Demand

12/02/2021 | 9:36 AM   Al-Hayani - The Commission Is In Harmony With The United Nations And Canceling The Elections Has Become A Popular DemandInformation/Baghdad…

A member of the Al-Fateh Alliance, Mahmoud Al-Hayani, said on Thursday that canceling the elections has become a popular demand, especially since the Electoral Commission has great harmony with the United Nations with regard to voter manipulation.

Al-Hayani told Al-Maalouma, “The results of the elections are rejected, and there are 35 percent of the voter turnout that rejects the results, and canceling the elections has become a popular demand.”

He added that “the coordination framework did not count on the commission to change the election results, especially since there is harmony between it and the United Nations regarding manipulation of results, in addition to that it did not take into account all the objections and appeals submitted by the political parties.”

He stressed that “the Bar Association challenged the election law, but the matter was ignored, and the Commission proceeded to announce the results, in addition to that it moved away from the application of the law, especially with regard to appeals against the results.”

Al-Hayani pointed out that “the election law contains major violations, especially those related to executive positions and the women’s quota.”   almaalomah.me

butterfly   The meeting of Shiite forces ended with several points.. Al-Sadr announces his adherence to forming a majority government

2021-12-02 07:30   The meeting of Shiite forces ended with several points.. Al-Sadr announces his adherence to forming a majority governmentShafaq News/ The Shiite coordination framework announced on Thursday, the axes of the meeting, which was held in the presence of the leader of the Sadrist movement, Muqtada al-Sadr, while the latter adhered to forming a national majority government.

A statement of the framework was received by Shafak News Agency; That “the leaders of the coordination framework received the leader of the Sadrist movement, His Eminence, Muqtada al-Sadr, at the house of Mr. Hadi al-Amiri, to discuss outstanding issues and the latest developments in the current situation, in order to strengthen the bonds of unity and brotherhood between the sons of the one nation and to serve the interests of the Iraqi people, which is a priority for all parties.”

The statement added; The meeting discussed a number of main issues, including (taking the necessary practical steps to combat corruption, hold the corrupt accountable and stop the approved waste of public money), (emphasizing the exit of foreign forces according to the announced timetable and setting up mechanisms to ensure that weapons are confined to the hands of the state), and (protecting the Popular Mobilization Forces).

Supporting and organizing it in a way that enhances its role in maintaining security in Iraq), (criminalizing normalization and everything related to it), (joint work to preserve the constants of the Iraqi people in confronting moral and social deviations in accordance with legal frameworks), and (working to raise the economic level of disadvantaged areas) And removing political competition from all service projects and removing the deprived from these areas).

butterfly   The statement stressed that “the two parties agreed to continue dialogues and discussions, leading to the development of realistic solutions to the blockage in the political scene.”

He pointed out that “the framework forces affirmed that they will continue their legal and public steps with regard to following up on the issue of the election results.”

Meanwhile; The leader of the Sadr movement, Muqtada al-Sadr, tweeted on his Twitter account, reiterating his intention to form a national majority government.

Al-Sadr wrote: “Neither Eastern nor Western, a national majority government.”

In turn, Hassan Al-Adhari, Al-Sadr’s advisor, said in a publication that he summarized what the latter spoke during the meeting with the coordination framework.

Al-Adhari said that Al-Sadr stressed that “there must be a national majority government”, and the formation of “a national majority government that does not agree on shareholding at all.”

He added that al-Sadr “put all the points on the line in a frank discussion whose goal is the interest of Iraq and nothing else.”   shafaq.com

butterfly   At the closure, the price of the dollar rose against the dinar in the Baghdad markets

2021-12-02 06:08   At the closure the price of the dollar rose against the dinar in the Baghdad marketsShafaq News/ The exchange rates of the dollar rose against the Iraqi dinar, on Thursday, with the closure of the main stock exchange in the capital, Baghdad.

Shafak News Agency correspondent said that the Central Kifah and Al-Harithiya Stock Exchange closed at 147,900 Iraqi dinars for 100 US dollars, while the price this morning was 147,875 Iraqi dinars per 100 dollars.

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

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