Zig’s Place Chatroom News Monday PM 12-6-21

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butterfly   2021-12-05 07:33   More than 3.5 billion dollars in sales of the Central Bank of Iraq in November Shafaq News/ The Central Bank of Iraq’s sales of hard currency during the month of last November amounted to more than 3.5 billion dollars.

Shafak News Agency correspondent stated that the Central Bank sold 3 billion and 682 million and 736 thousand dollars during the month of November when it opened its auction for the sale and purchase of US dollars, at a rate of 167 million and 397 thousand and 128 dollars per day, down from last October, which amounted to The average sales are 174 million and 848 thousand and 861 dollars.

Our correspondent indicated that most of these sales went in the form of remittances abroad to finance foreign trade, while the selling price of the dollar transferred to bank accounts abroad, in addition to the cash sale, amounted to 1460 dinars per dollar.   shafaq.com

butterfly   The Federal Court sets the date for considering evidence related to the cancellation of the election results

2021-12-05   The Federal Court sets the date for considering evidence related to the cancellation of the election resultsToday, Sunday, a judicial source revealed that the Federal Court decided to postpone consideration of the lawsuit submitted by the head of the Al-Fateh Alliance Hadi Al-Amiri to cancel the election results.

The source said to the official agency: “The Federal Court decided today to postpone consideration of the lawsuit submitted by the head of the Al-Fateh Alliance Hadi Al-Amiri to cancel the election results to the 13th of this month.”   burathanews.com

butterfly  Iraqi Dinar/US Dollar auction results for Monday 12-6-2021 executed today 12-5-2021

25k Iraqi Dinar notes The results of the foreign currency sale window Monday 6/12/2021 and executed today

Announcement No. (4541)  Sale date – Monday 6/12/2021 and executed today the details the amount

Total sales for the purposes of strengthening balances abroad (remittances, credits)  143,934,282

Total cash sale  44,460,000    total total sales  188,394,282

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/1167

Butterfly   “Iraq paid $490 million in compensation last Tuesday from the amount determined by the UN over the ousted regime’s invasion of Kuwait in the early 1990s,” a statement from the Iraqi embassy in Kuwait read.

Iraq aims to finish the rest of the payments at the beginning of next year. Taking account of the last payment, Iraq stands to owe a total of $629 million due to the invasion of Kuwait. Earlier, Iraqi authorities pledged to finish out the rest of the payments by the end of 2021. https://menaaffairs.com/kuwait-receives-490-million-in-war-reparations-from-iraq/

butterfly   As the year end gets closer and closer I wonder if they will pay off that remaining payment.

butterfly   Oil Minister: Iraq cannot bear any significant drop in oil prices

Monday 06 December 2021 23:15 Minister of Oil and Chairman of the National Oil Company Ihsan Abdul-Jabbar announced that Iraq cannot bear any significant drop in oil prices.

Abdul-Jabbar said in a televised statement: "OPEC is trying to control the energy market in a positive way, noting that there is no political pressure on the Total contract."

He added, "We are trying to withdraw unemployment through the establishment of major projects, and we are also trying to produce 7 and a half megawatts of clean energy."

He continued: "We are working to secure clean and sustainable energy for future generations, adding that there are differences between Baghdad and the Kurdistan Region related to oil production and export." https://ninanews.com/Website/News/Details?key=943289

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