Zig’s Place Chatroom News Saturday 1-29-22

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Butterfly   Iraqi bank releases frozen Iranian assets 2022-01-29 07:47

Shafaq News/ Tehran gained access to Iranian assets frozen in the state-owned "Trade Bank of Iraq", the head of Iran's Trade Promotion Organization (TPO), Alireza Peymanpak, revealed on Saturday.

US sanctions have prevented Iran from accessing tens of billions of its assets in foreign banks. Iranian frozen assets in Iraq amount to more than $6 billion, according to Iranian officials.

Under US sanctions, Iraq pays the money for gas bought from Iran to an account at the Trade Bank of Iraq, which Tehran is only allowed to use to buy humanitarian goods from Iraq itself.

"The Trade Promotion Organization of Iran has also called for a priority list of the imported products financed by the recently-released currency resources, urging that the items subject to sanctions should be excluded from the list," Iran's Tasnim news said.

Last May, Iraq agreed to transfer $125 million of frozen Iranian funds to a European bank for the purchase of 16 million COVID-19 vaccine doses.

Earlier this month, South Korea's deputy Minister of Foreign Affairs Choi Jong-kun held talks in Vienna with Iran and world powers over how to resolve the issue of frozen Iranian assets held in the Asian country.

While holding talks with world powers in Vienna to revive its 2015 nuclear accord, Tehran has demanded the release of $20 billion of its oil revenue it says has been frozen in countries such as Iraq, South Korea and China due to U.S. sanctions since 2018. https://www.shafaq.com/en/Economy/Iraqi-bank-releases-frozen-Iranian-assets

butterfly   New Generation: will vote to the presidential candidate of the party pledging services to people 2022-01-29 05:03

Shafaq News/ The head of the New Generation (al-Jeel al-Jadeed) bloc, Shaswar Abdul-Wahed, on Saturday said that his bloc will vote for the presidential candidate of the party that pledges to provide services to the citizens of the Kurdistan Region and Iraq.

"The New Generation Movement, and our allies in the Emtidad (Extension) movement, along with independent brothers and sisters in the parliament, will grant our votes to the political party that provides services to the citizens," Abdul-Wahed said in a press conference, "the coalition will hold a meeting to decide."

The Iraqi parliament will hold a vote to determine who will succeed the incumbent President of the Republic, Barham Salih, on February 7th.

Endorsed by the Patriotic Union of Kurdistan (PUK), Salih will be running for a second term in office.

However, the Kurdistan Democratic Party (KDP), who secured 31 seats in the recent parliamentary election-well ahead of the PUK's 18, has put forth the name of Hoshyar Zebari, a member of the KDP's Politburo and Iraq's former Minister of Foreign Affairs.

Talks between the PUK and KDP collapsed with the two leading Kurdish parties engaging in a strained war of words marred with reciprocal recriminations.

A few days after lifting their suspension following an order by Iraq's supreme court, the Parliament Speaker, Mohammad al-Halboosi, and his deputies convened earlier today to deliberate the procedures related to nominating and electing the next president.

A statement issued afterward said that the parliament presidium will announce a list of eligible candidates on January 31st. https://www.shafaq.com/en/Iraq-News/New-Generation-will-vote-to-the-presidential-candidate-of-the-party-pledging-services-to-people

butterfly    An Expert Offers “Solutions” To Address High Inflation And Warns Of A Sudden Economic “Explosion.”

Economic  Last Update 01/29/2022 | 6:02 PM  The economist, Manar Al-Obaidi, presented, on Saturday, a set of solutions to control the high rates of inflation in Iraq, warning against adopting quick ways to address the problem that may lead to a sudden explosion of the economic situation.

Al-Obaidi said in a Facebook post seen by / the information / that “measuring the level of price increases for each item or service is done after measuring the level of its impact on the citizen. Housing and rent, whose importance is 17%, then housing, whose relative importance to the citizen is about 15%, and the rest of the sectors come in succession.

He added, "Inflation rates in Iraq rose in many important sectors, including those that are of great importance, such as the food sector, and sectors that rose significantly, such as the health sector and the electricity and water sector."

He pointed out that "the solution to the inflation problem must be done by knowing the defect and the reason for the rise in prices in each sector and trying to provide the right alternative that contributes to reducing inflation rates for this sector."

Al-Obaidi pointed out that “the food sector plays an important role in the process of high rates of inflation because of its great relative importance. Therefore, in the first place, we must work to achieve food security by adopting agricultural and industrial projects for agricultural production and similar industries such as canning and storage that contribute to alleviating the rise in global prices and provide Iraq has food security away from external influences and away from the impact of the exchange rate.”

butterfly     He cautioned that “the transport sector also suffers from a rise in prices, and its relative importance represents about 15%, and to reduce inflation rates in transport prices, projects for internal transport and the governorates must be adopted,” noting that “the health sector, other goods and services and electricity supply are among the most high sectors, as they increased in rates. More than 30% and these percentages require vigorous intervention from various parties to reduce them.”

And regarding raising the value of the dinar, the economist saw that this “will lead to the depletion of the reserves of the Iraqi state as a result of the high bill for the operational expenses of the Iraqi state.”

He believed that "it is better to invest the surplus funds of the Iraqi state and the reserves of the Central Bank of Iraq by establishing initiatives that work on establishing various projects that will contribute to reducing inflation rates, and also contribute to creating real productive job opportunities and distance us from the social welfare state that we live in today, especially with the high unemployment rates that have turned From a problem to a real disaster, it rises annually, with more than 500,000 people entering the labor market annually.”

He stressed that "investment is not made only in industrial and agricultural projects and infrastructure, but should include investment in education, as human capital is one of the factors affecting the high unemployment rates," calling for "the development of real strategies for implementing education projects that raise the head rate." Human money that will contribute to a significant reduction in unemployment rates.”

butterfly   He considered that "these solutions require the existence of a real vision of the Iraqi state and a clear and strong will to implement this vision. As for quick solutions and reactive solutions, they will not contribute to solving the problem, but will work to postpone it and cover it with a weak cover that may explode at any moment." https://almaalomah.me/2022/01/29/579376/

butterfly   Bloomberg”: The Biden Administration Discussed With US Banks The Effects Of Possible Sanctions Against Russia

Economic  Last Update 01/28/2022 | 9:50 PM   “Bloomberg” agency confirmed that representatives of the US administration held talks with representatives of major US banks about the effects of imposing financial sanctions against Russia, and the possibility of disruption to the global supply chain.

And “Bloomberg” indicated, quoting informed sources, that “members of the National Security Council and other senior officials in the US administration spoke with the heads of a number of banks this week, including the heads of (Citigroup), (Bank of America), and (JJ). P Morgan Chase and Goldman Sachs.

"The US authorities have expressed concern to the banking sector leadership about the potential side effects of the imposition of new sanctions, in particular the disruption of the global supply chain," she added.

It indicated that employees of the Office of Foreign Assets Control of the United States Treasury participated in discussions with creditors.    https://almaalomah.me/2022/01/28/579217/

Sheila  Article about POD - Payable On Death: What Happens to Your Bank Account When You Die?

January 27, 2022 -- https://news.yahoo.com/happens-bank-account-die-120026231.html

butterfly   Al-Sadikoun: The Tire Will Not Go With The Current In Isolation From Al-Maliki

Politician  Last Update 01/29/2022 | 1:47 PM  Turki Al-Jamali, the representative of the Al-Sadiquon parliamentary bloc, confirmed, on Saturday, that the coordinating framework refuses to enter into any alliance with the Sadrist movement that does not include all its forces.

Al-Jamali said in a statement to "The Information", that "the coordinating framework will not go with the Sadrist movement in isolation from the State of Law coalition," noting that "the framework is coherent and will not cut off any of its parties and its position is unified."

He added, "The Sadrist movement rejects Al-Maliki's participation in forming the new government," noting at the same time that "there is a rapprochement between the coordination framework and the Sadrist movement to bring the views closer in order to form the next government."

It is noteworthy that political parties within the coordination framework expressed their optimism about the moves made by some of the current political figures and to go towards forming a national government that guarantees the rights of all without marginalizing any party. https://almaalomah.me/2022/01/29/579314/

Dave   329 seats less 33 from the SLC..who use to have over 100 seats.........

butterfly   Frame Member Fears 'Abnormal' Looming Over Larger Block

Politician Last Update 01/29/2022 | 6:13 PM  On Saturday, the coordination framework expressed its fears of the Federal Court's decision to isolate the issue of the largest bloc from the legitimacy of the first session of Parliament.

Member of the framework, Fadel Mawat, said in a statement to the "Information" agency, "The court's decision to legalize the first session of Parliament with all its outcomes means that the framework is the largest bloc, as it submitted a paper with the signatures of more than 88 deputies to the age before everyone else."

He added that "the Federal Court's decision came for the second time in favor of the Sadrist bloc and Al-Halbousi," noting that "the legalization of the first session with all its outcomes means that the largest bloc has been approved as it is among the outcomes of the first session."

And he indicated that "isolating the largest bloc from the legitimacy of the first session indicates the existence of an abnormal matter on the horizon."

It is noteworthy that the coordination framework presented during the first parliament session 88 seats compared to 73 seats for the Sadrist bloc, but because of the events that followed the first session, the issue of the largest bloc in the parliament was not resolved. https://almaalomah.me/2022/01/29/579384/

Dave  What is not manufactured in China?

butterfly  Read what I just posted about the FC

Dave  coordination framework expressed its fears......GOOD they should be scared!

butterfly  With so much discourse it appears that the new FC is going to be in control.

Dave  33 pissed SLC/DAWAS...about time!

Dave   Abadi jumped ship yrs ago......more may follow    their discourse is what I call progress

butterfly   Next Monday Is Set As The Date For Announcing The Names Of Candidates For The Post Of President Of The Republic

Politician Last Update 01/29/2022 | 1:35 PM  The First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, announced, on Saturday, that next Monday will be set as a date for announcing the names of the candidates for the post of the Presidency of the Republic after completing their audit.

Al-Zamili's office stated, in a statement received by "The Information", that "the first deputy speaker of parliament held a meeting with the ministries and relevant bodies to discuss the biographies of the candidates for the position of the presidency, in the presence of the Minister of Higher Education, the head of the Integrity Commission, the senior undersecretary of the Ministry of Interior and the deputy head of the Accountability and Justice Commission."

Al-Zamili indicated, according to the statement, that "26 candidates for the presidency of the republic are working to check their CVs."

He pointed out, "The meeting witnessed a discussion of the biographies of all applicants for the position of President of the Republic with the competent authorities." https://almaalomah.me/2022/01/29/579304/

Dave   Huge Trucker cross border protest at our Capital over vaccine mandates......These brain damaged folks dont get that that the USA wont allow them to enter the USA so they protest in OTTAWA??????

Dave  GEEZE LOUISE!

butterfly   Someone is heavily funding them.

Dave   Cant cross into the USA fer being unvaxed so they protest here....Dont get it????

Dave   I must be easily confused...

butterfly   A 51 yr old state trooper resigned bc of the vaccine mandate and shortly died from the covid virus.

Dave  Why protest here when the USA wont let them in.......

Dave  GLAD I live here......WE like Trudeau and our Commie lifestyle

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