Zig’s Place Chatroom News Monday AM 10-18-21

Zig’s Place Chatroom News Monday AM 10-18-21

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Butterfly   Thanks to OPEC:   Oil prices are at their highest levels in years

Monday 18 October 2021 Oil prices recorded their highest levels in years, today, Monday, with continued demand after recovering from the Covid-19 epidemic, supported by the rise in exorbitant gas and coal prices.

Brent crude futures rose 93 cents, or 1%, to $85.78 a barrel, the highest price since August 2018.

US West Texas Intermediate crude futures rose $1.12, or 1.4 percent, to $83.49 a barrel, the highest since October 2014

.Both contracts down at least 3% last week. https://ninanews.com/Website/News/Details?key=933864

butterfly   A slight increase in the dollar exchange rate on the local stock exchange

Monday 18 October 2021 The exchange rates of the US dollar rose against the Iraqi dinar, today, Monday, on the main stock exchange in the capital, Baghdad.

And the 100 Central Kifah and Al-Harithiya Stock Exchanges in Baghdad recorded this morning 148,400 Iraqi dinars, compared to 100 US dollars.

Yesterday, Sunday, the price in the Baghdad Stock Exchange was 148,250 Iraqi dinars, compared to 100 US dollars.

While buying and selling prices stabilized in banking shops in the local markets in Baghdad, the selling price amounted to 148,750 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 147,750 Iraqi dinars per 100 US dollars. https://ninanews.com/Website/News/Details?key=933914

butterfly   The Ministry of Oil organizes a new licensing round for the transportation of oil derivatives

Monday 18 October 2021 The Ministry of Oil organized a new licensing round for the transportation of oil derivatives, with the participation of 57 Iraqi private sector companies that transport fuel.

The Undersecretary for Distribution Affairs Hamid Younis said in a statement to the ministry, "The ministry organized a licensing round for the transfer of oil derivatives to processing outlets and warehouse branches in the governorates."

And the Director General of the Oil Products Distribution Company, Hussein Talib, stated that "the competition included (30) axes for all distribution outlets and warehouses."

It is noteworthy that the ministry annually organizes a licensing round for private sector companies specialized in transporting types of fuels for the benefit of the Ministries of Oil and Electricity. https://ninanews.com/Website/News/Details?key=933916

butterfly   The Sadrist Parliamentary Bloc holds its first meeting in Baghdad

Monday 18 October 2021 The Sadrist Parliamentary Bloc held yesterday evening an expanded meeting in the presence of the head of the political body of the Sadrist movement, Nassar al-Rubaie, to discuss the political process in the country.

The head of the commission said, according to a statement by the bloc: "The Sadrist parliamentary bloc has grave tasks in the next stage."

For his part, the head of the bloc, Hassan al-Adhari, explained: "The Sadrist bloc bears all the history of the honorable al-Sadr family and the name of the Sultan of references, the martyred master (Muhammad al-Sadr), so it must be up to this name." https://ninanews.com/Website/News/Details?key=933858

butterfly   Ihsan Al-Shammari to / NINA /: The Sadrist bloc has the initiative to form the next government in agreement with other political blocs

Monday 18 October 2021 Head of the Center for Political Thinking, Ihsan Al-Shammari, confirmed: "The Sadrist bloc has the initiative to form the next government in agreement with other political blocs."

Al-Shammari said in a statement to the National Iraqi News Agency ( NINA ): "The elections resulted in the Sadrist bloc being the largest electorally, and it cannot be bypassed by other political parties, so the Sadrist bloc has the initiative to form the next government in agreement with other political blocs."

He pointed out: "Sayyed Al-Sadr will not bypass the other political parties in forming the next government

He explained: "The next government will be a coalition, like previous governments, and therefore the consensus approach will be present in the future, especially since the blocs rejecting the results of the elections are exerting maximum pressure for the purpose of accepting the principle of consensus that followed the political process and previous governments, which secured and secure the interests of those political blocs and forces.

https://ninanews.com/Website/News/Details?key=933897

butterfly   Iran congratulates the success of the Iraqi parliamentary elections

Monday 18 October 2021 Iranian Foreign Ministry Spokesman Saeed Khatibzadeh congratulated the government, the people and the elected parliamentarians on the successful holding of the Iraqi parliamentary elections.

The Foreign Ministry spokesman expressed his hope for the formation of a new government through the consensus and harmony of the elected Iraqi people.

Khatibzadeh stressed that Iran, as before, is ready for joint cooperation to move towards the development and prosperity of the two countries in all fields. https://ninanews.com/Website/News/Details?key=933926

butterfly   Head of the Sadrist bloc's negotiating committee: Negotiations are moving forward in a calm atmosphere

Monday 18 October 2021 The head of the negotiating committee in the Sadrist bloc, Hassan Al-Adhari, said that the negotiations are moving forward in a calm atmosphere.

Al-Adari wrote, in a tweet via the Twitter social networking platform, "Negotiations are moving forward in a calm atmosphere." https://ninanews.com/Website/News/Details?key=933934

butterfly   Iraq’s Al Sadr picks team to lead talks with other parties

Sadrist bloc a clear winner in Sunday’s national elections with at least 72 seats in 329-member parliament https://www.thenationalnews.com/mena/iraq/2021/10/14/iraqs-al-sadr-picks-team-to-lead-talks-with-other-parties/

Butterfly  Iraqi Dinar/US Dollar auction results for Tuesday 10-19-2021 executed yesterday 10-17-2021

25k Iraqi Dinar notesThe results of the foreign currency sale window, Tuesday, 10/19/2021, and executed yesterday  Announcement No. (4507)  

Sale date – Tuesday 19/10/2021 and executed today   the details  the amount

Total sale for the purposes of strengthening balances abroad (remittances, credits)  74,451,898

Total cash sale   63,390,000   total total sales   137,841,898

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/1124

butterfly   Dollar exchange rates in the Iraqi market  Monday 18 October 2021 | 10:21 am

Dollar exchange rates in the Iraqi marketThe exchange rates of the dollar against the Iraqi dinar on a daily basis, according to the variables of the currency exchange market in the capital, Baghdad, and the provinces of the country .

In Baghdad :  The selling price of the dollar is 148,750 per 100 dollars 

The purchase price of the dollar is 147,750 per 100 dollars

As for the north, the prices are today :  The selling price of the dollar is 149,000 per 100 dollars

The purchase price of the dollar 148,000 per 100 dollars

And in the south :  The selling price of the dollar is 148,750 per 100 dollars

The purchase price of the dollar is 147,750 per 100 dollars      aynaliraqnews.com

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