Zig’s Place Chatroom News Monday AM 11-1-21
Zig’s Place Chatroom News Monday AM 11-1-21
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Butterfly The Central Bank records 159 million dollars in sales today Monday 01 November 2021 The Central Bank of Iraq's sales fell today, Monday, from the dollar, to record 159 million dollars.
A statement by the bank stated: that the Central Bank witnessed today, during its auction for buying and selling US dollars, a decrease in its sales by 7.02% to reach 159 million, and 275 thousand and 516 US dollars covered by the bank at a base exchange rate of 1460 dinars per dollar, compared to yesterday, Sunday, which amounted to sales in which 170 million and 171 thousand and $ 263 US. "
the statement noted that" purchases of $ 122 million and 445 thousand and $ 516 went to promote stocks abroad in the form of remittances and credits, while gold remaining $ 36 million and 830 thousand dollars in cash. "
He continued : That 20 banks have fulfilled requests to enhance balances abroad, 14 banks to meet cash requests, in addition to 159 mediating companies. https://ninanews.com/Website/News/Details?key=936509
butterfly (OPEC +) will hold its 22nd meeting next Thursday via video call
Monday 01 November 2021 The ministers of the Organization of Petroleum Exporting Countries and its allies led by Russia will hold their twenty-second meeting next Thursday via video communication technology.
Kuwaiti Oil Minister Muhammad Al-Faris praised the (OPEC +) strategy in increasing production by 400,000 barrels per day, according to the monthly increase plan that was collectively agreed upon at the Ministerial Meeting No. (19) of (OPEC +) last July.
” A statement prior to his participation in the 43rd ministerial meeting of the Ministerial Production Monitoring Committee (JMMC) and the 22nd meeting of (OPEC +) ONOMM, which will be held next Thursday via video communication technology, that “continuing work with this strategy ensures sufficient supply and has proven its feasibility in achieving balance and stability of markets.”
He added that "there are challenges in the markets, especially in 2022, that justify continuing to raise the gradual production in accordance with the agreement, which is sufficient to secure the needs of the market."
He stressed that "the gradual improvement in market indicators coincides with the continuation of the recovery phase from the Corona pandemic and the high rates of immunization with two doses in the world." https://ninanews.com/Website/News/Details?key=936466
butterfly The exchange rate of the dollar maintains its stability in the local markets
Monday 01 November 2021 The dollar exchange rates, today, Monday, maintained their stability in the local markets.
The selling price of the dollar recorded 148.250 dinars, while the purchase price of the dollar was 147.250 dinars per 100 dollars, which are the same prices as yesterday, Sunday. https://ninanews.com/Website/News/Details?key=936423
butterfly The arrest of one accused of murder and another for stealing 94 million dinars in Baghdad
Monday 01 November 2021 The anti-criminal detachments arrested one accused of murder and another of stealing 94 million dinars in Baghdad.
A statement by the Anti-Crime Directorate stated: "The anti-crime bureau in New Baghdad arrested a suspect of murder, while the Freedom Bureau detachments arrested an accused of stealing a sum of money of (94) million dinars from a residential house in the Jakuk area northwest of the capital, Baghdad. https://ninanews.com/Website/News/Details?key=936456
butterfly Iraq to sign contracts worth billions of dollars with Saudi Arabia 01 November, 2021 Iraq plans to sign deals worth tens of billions of dollars with Saudi Arabia, Iraqi Oil Minister Ihsan Abdul Jabbar announced on Monday.
Baghdad is discussing a partnership with energy giant Saudi Aramco to explore and develop natural gas fields in Iraq's western desert, the daily Al-Sabah quoted Abdul Jabbar as saying.
The Iraqi government is also in talks with Saudi Arabia's Acwa Power to build water desalination plants and solar energy stations in Iraq, the report added.
The two countries, who share borders, are also discussing joint petrochemical projects.
Iraq is the second-largest oil producer in the OPEC cartel, outranked only by Saudi Arabia.
Despite this, the country has regular power cuts, which fuels social unrest. It is extremely dependent on Saudi rival Iran, which provides a third of its needs in gas and electricity.
A third of the population lives in poverty, with the pandemic and the fall of the price of crude in 2020 aggravating the situation, according to the United Nations.
The country is also plagued by corruption which has eaten up more than 410 billion euros ($474 billion) since 2003, according to official figures. https://english.alaraby.co.uk/news/iraq-sign-contracts-worth-billions-dollars-saudi
Zig Happy November
butterfly Zig I'm not happy bc it is in the 30's.
Zig Poor baby :Violin:
butterfly Zig I was able to get all of my sweaters out just in time.
Zig Well that is certainly interesting :Yawn: ....lol
butterfly Zig I thought you would worry about this old broad keeping warm.
butterfly More than (7) billion dollars .. Iraq's oil revenues for the month of October
Monday 01 November 2021 The Ministry of Oil announced the total exports and revenues achieved for the month of last October, according to the preliminary statistics issued by the Iraqi Oil Marketing Company "SOMO", where the amount of exports of crude oil amounted to (96) million (708) thousand and (660) barrels. , with revenues amounting to (7) billion and (680) million dollars.
The statistics indicated, according to a statement by the ministry, "that the total quantities exported of crude oil for the month of last October from oil fields in central and southern Iraq amounted to (93) million and (386) thousand and (975) barrels, while from Kirkuk fields through the port of Ceyhan it amounted to (93) million (386) thousand and (975) barrels. The exported quantities reached (3) million and (11) thousand and (917) barrels, while the quantities exported to Jordan reached (309) thousand and (768) barrels.
The statement added: "The daily average of oil exports has reached (3) million and (120) thousand barrels per day, and the average price per barrel has reached (79,376) dollars." https://ninanews.com/Website/News/Details?key=936526
butterfly The government's financial advisor to / Nina /: a large stagnation of monetary inflation will hit the economy of Iraq / Expanded
Monday 01 November 2021 The government's financial advisor, Mazhar Muhammad Salih, warned against entering the Iraqi economy into a phase of hyperinflation as a result of the challenges facing the country's monetary policy.
Muhammad Salih said in a statement to the National Iraqi News Agency / NINA /: Monetary policy in Iraq during the years 2020-2021 faced challenges and opportunities that raised two main contradictions in achieving the goals of macroeconomic stability. It was preceded by a price deflation, “and the second: the return of oil prices to improvement within the cycle of oil assets, from an average annual price of $38 a barrel to an annual average of $70, upwards in 2021 compared to 2020.”
He pointed out that "the contradiction here is the rise in foreign reserves by 23%, with inflation creeping in, lest it approach 10%, with unemployment levels stabilizing slightly and slowly, at less than 23%, especially among the young labor force, to leave us with little economic growth that does not exceed (positive 1%) in the gross domestic product, which means that the country has moved to the stage of (inflationary stagnation), especially after decreasing the exchange rate of the Iraqi dinar at once less than a year ago, which was proportional to the decline in foreign reserves of the Central Bank of Iraq.
butterfly He added: If unemployment, inflation and growth continue with this highly contradictory trilogy, monetary policy may take an opposite intervention path with an effective stability policy in which it will undertake to combat inflationary expectations through the use of the nominal stabilizer for the exchange rate and towards improving the purchasing power of the Iraqi dinar and facing potentially positive transitional inflation due to inflationary activity The global demand for energy and its effects that are being stimulated by the transition of the global energy demand function with the opening of the global economy from its isolation gradually. https://ninanews.com/Website/News/Details?key=936525
butterfly Al-Maliki discusses with the Turkish and French ambassadors the latest developments in the political situation and the results of the early parliamentary elections
Monday 01 November 2021 Head of the State of Law coalition, Nuri al-Maliki, met today, Monday, in two separate meetings, with the ambassadors of Turkey and France to Iraq, to discuss the latest developments in the political situation, the results of the early parliamentary elections, and the objections that resulted and their impact on the current political situation in the country. https://ninanews.com/Website/News/Details?key=936521
butterfly Maliki and the law.............now that is funny.
butterfly Al-Maliki stresses the need to address the effects of the election results and to consider appeals and complaints under the law / expanded
Monday 01 November 2021 Head of the State of Law Coalition, Nuri al-Maliki, affirmed Iraq's keenness to strengthen its relations with all countries of the world in a manner that serves the interests of the Iraqi people, and not to allow all attempts aimed at harming its interests and foreign relations, and refuses to interfere in its internal affairs, indicating that the new government will The future needs regional and international support to be able to achieve its goals.
Al-Maliki stressed, during his meeting today, Monday, with the ambassadors of Turkey and France to Iraq, separately, the need to address the effects of the election results and to consider appeals and complaints under the law, noting that "the demands of the opposition forces are limited to the necessity of conducting a comprehensive manual counting and sorting,"
noting that "the political forces will exceed This crisis is keen on the political process and the peaceful transfer of power and preventing any armed manifestation or violent practices."
For his part, the two ambassadors expressed their interest in the Iraqi situation and the need to consolidate relations and cooperation in various fields. https://ninanews.com/Website/News/Details?key=936523
butterfly Iraqi Dinar/US Dollar auction results for Tuesday 11-2-2021 executed today 11-1-2021
United States DollarThe results of the foreign currency sale window on Tuesday 11/2/2021 and implemented today Announcement No. (4517) Sale date – Tuesday 2/11/2021 and executed today the details Amount
Total sale for the purposes of strengthening balances abroad (remittances, credits) 119,419,478
Total cash sale 51,460,000 total total sales 170,879,478
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/1136
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