Zig’s Place Chatroom News Sunday 7-4-21
Zig’s Place Chatroom News Sunday 7-4-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly Currency, gold and oil prices globally today
Sunday 04 July 2021 13:28 ..............The Iraqi Political Economic Center announced the global prices of foreign currencies, gold and oil today, Sunday.
The Center stated: The selling price of the dollar amounted to 147,500 and the purchase price of 146,500.
He added: The price of an ounce of gold globally amounted to $1,787.18, the price of a barrel of Brent crude oil was $76.10, and the price of a barrel of American crude oil was $75.04.
butterfly Economist for / NINA /: The current exchange rate is important for maintaining foreign reserves
Sunday 04 July 2021 11:10.........The economic expert, Maytham Al-Aibi, confirmed that: the current exchange rate is important for maintaining foreign reserves.
He told the National Iraqi News Agency ( NINA ) that: There is a shortcoming of some deputies in understanding the issue of the exchange rate, as there is a perception that changing it is related to the financial goal only, which is to reduce the deficit.
Al-Aibi added that: the exchange rate is linked to a number of variables, including its preservation of foreign reserves and its relationship to improving competitiveness and setting the balance of payments, as well as its role in raising the levels of output growth and its components, and then employment.
He explained that: the rise or fall in the price of oil has nothing to do with raising or decreasing the value of the currency.
butterfly The Minister of Oil expects that the price of a barrel of crude oil will not be less than $70 until December 2022
Sunday 04 July 2021 17:39,,,,,,,,,Oil Minister Ihsan Abdul-Jabbar Ismail expected that the price of a barrel of crude oil would not be less than $70 until December 2022.
The minister told Reuters, "Iraq supports the extension of the OPEC Plus agreement to reduce production until December 2022 and start adding increases starting from next August. 2021 according to the requirements and needs of the oil market.
He added, "The government is committed to its partnership with Lukoil and supports it to improve the investment environment," noting that "our relationship with BP is distinguished despite the challenges of the investment environment, and we have paid all the company's dues and debts."
butterfly Dyncorp Wins Contract for Aviation Maintenance Services,,,,,,,,4th July 2021 in Security,,,,,,,Dyncorp International LLC, Fort Worth, Texas, was awarded a $20,606,486 modification (P00152) to contract W58RGZ-19-C-0025 for worldwide aviation maintenance.
Work will be performed in Fort Worth, Texas; and Iraq, with an estimated completion date of Nov. 30, 2021.
(Source: US Dept of Defense)
butterfly 2021-07-03 15:27 Shafaq News/ Iraqi Oil Minister Ihsan Abdul Jabbar said in a video posted on Saturday on the ministry's Facebook page that BP was considering withdrawing from Iraq, and that Russia's Lukoil had sent a formal notification saying it wanted to sell its stake in the West Qurna-2 field to Chinese companies.
Abdul Jabbar said the investment environment in Iraq was unsuitable for retaining major investors.
The statements were made during a parliamentary session on June 29 to which Abdul Jabbar was invited, oil ministry sources said. Source: Reuters
butterfly Worth reposting....................................................2021-07-03 07:45
Shafaq News/ Members of the Organization for Petroleum Exporting Countries (OPEC) will celebrate the 60th anniversary of its establishment in the Iraqi capital, Baghdad, in late September.
In a press statement issued on Saturday, the spokesperson of the Iraqi Ministry of Oil, Asem Jihad, said that the members of the Organization agreed to hold the ceremonials in Baghdad on September 30.
OPEC’s second-top exporter has failed to fund the deficit in its budget despite the rise of oil prices to more than 70 dollars a barrel.
butterfly 2021-07-04 08:05 Shafaq News/ Prime Minister Mustafa Al-Kadhimi said his government requested from the U.S. and Iran to keep Iraq away from their conflict.
Al-Kadhimi said in an interview with the Italian newspaper La Repubblica, "we avoided the abyss toward which Iraq was heading as a result of the fall of 2019 events. The challenges we face remain strong."
He pointed out that ISIS still poses a threat, and is trying to gather its ranks, stressing that Iraqi forces have dealt with the terrorists and killed many of their leaders.
He continued, "Our intelligence cooperation with our allies has become more effective, and we have asked Italy to remain in the front line in training our forces", noting, "Iraq is ready to enhance military cooperation with Italy, in the field of training and development of work in the fight against corruption, money laundering, organized crime, and mafias."
"We asked the Americans and Iranians to refrain from settling their accounts in Iraq. For years, we have been an arena for conflict," stressing, "We must choose the path of political dialogue to resolve differences."
Al-Kadhimi also revealed that Iraq is in contact with the Biden administration, "I believe that we will be able to reach a stage of regional dialogue."
He concluded, "We want Iraq to be one of the countries that manage crises successfully, and not one of those that cause or are affected by them. The agreement between Iran and the U.S. is very important", pointing out, "The success of the Vienna negotiations will positively affect the region and serve the stability of Iraq."
butterfly Florida is having some major problems..................... Apartment building in Miami Beach evacuated after structural issues discovered .......... https://www.local10.com/news/local/2021/07/04/apartment-building-in-miami-beach-evacuated-after-structural-issues-discovered/?utm_source=twitter&utm_medium=social&utm_campaign=snd&utm_content=wplg10
butterfly MIAMI BEACH, Fla. – A three-story apartment building with 24 units in Miami Beach was evacuated Saturday night after structural issues were found, a spokeswoman for the city confirmed to Local 10 News.
The building is located at 1619 Lenox Avenue.
According to Miami Beach spokeswoman Melissa Berthier, Miami Beach Fire Rescue responded to a public service call just after 7:30 p.m. regarding a vacant unit inside the building.
She said a building inspector was called to the scene and discovered a flooring system failure in that unit, as well as “excessive deflection on an exterior wall.”
“In an abundance of caution, the Building Official has required the vacating of this building until further information can be obtained,” Berthier said in an email to Local 10.
According to Berthier, only one resident required assistance with relocation. The American Red Cross will assist with that.
The evacuation comes a day after 300 residents were evacuated from a condominium building in North Miami Beach that was deemed to be unsafe.
butterfly Iraqi Dinar/US Dollar auction results 7-4-2021
United States DollarThe results of the foreign currency sale window for Sunday 7/4/2021, which is implemented today Announcement No. (4442) Sale date – Sunday 7/4/2021 and executed today the details the amount
Total sale for the purposes of strengthening balances abroad (remittances, credits) 170,243,369
Total cash sale 35,660,000 Total total sales 205,903,369
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/1058
4 Jul 21, 12:48 PM butterfly Dollar exchange rates in Iraq for today
2021-07-04 | 03:23 Dollar exchange rates in Iraq for today The exchange rates of the US dollar stabilized, today, Sunday, against the Iraqi dinar in the main stock exchange in the capital, Baghdad, and banking shops.
Al-Kifah and Al-Harithiya Central Stock Exchange recorded 147.150 Iraqi dinars against 100 US dollars, the same price recorded on Saturday morning.
Selling prices in banking shops in the local markets in Baghdad stabilized at 147,500 Iraqi dinars, while buying prices amounted to 146.500 dinars per 100 US dollars. alsumaria.tv
butterfly Parliamentary Finance shows the reasons for not being able to satisfy the budget deficit despite the fact that a barrel of oil reached $75
07-04-2021 12:26 AM Parliamentary Finance shows the reasons for not being able to satisfy the budget deficit despite the fact that a barrel of oil reached 75Today, Saturday, the Parliamentary Finance Committee explained the reasons behind the inability to bridge the fiscal deficit in the general budget, despite the price of a barrel of oil reaching $75.
The head of the committee, Haitham al-Jubouri, said in a statement that “so far, according to the new oil prices, the financial deficit in the budget has not been filled, despite the oil reaching $75, but Iraqi oil is lower than international prices, with the exception of Basra Light oil, in addition to the cost of oil production .”
He pointed out that “a barrel of oil after extracting it is cleared of its price of 60 dollars after hitting it with a production of 2 million 880 thousand hit 365 days and hitting it in the exchange rate, we find that it did not fill the deficit in the budget,” noting that “the budget is 130 trillion and at the current prices we still have A real shortfall in investment and operational expenditures amounting to 30 trillion,” he said, explaining: “We are surprised by the talk of some about the existence of financial abundance .”
Al-Jubouri added that “the abundance that is achieved goes to bridge the financial deficit in the budget, and therefore we still need to return the million barrels that were deducted from the quantities that Iraq is supposed to produce according to the OPEC agreement so that we can completely fill the real deficit to spend the budget, but in the current situation there is no The deficit is still there .” dijlah.tv
butterfly Major oil companies are considering withdrawing from Iraq
2021-07-04 11:53 Major oil companies are considering withdrawing from IraqShafaq News/ Iraqi Oil Minister Ihsan Abdul-Jabbar announced that the major oil companies operating in the country are considering giving up their activities, attributing the reason to the investment climate in the country.
He said: “The Russian “Lukoil” company sends official notifications saying that it wants to sell its share in the West Qurna-2 project to China.”
He added: “The British company BP is also considering withdrawing from Iraq.”
He continued, “The investment climate in Iraq is not conducive to maintaining large investors.” According to Reuters. shafaq.com
butterfly Involved in money laundering.. Parliamentary Integrity demands the disclosure of the names of banks belonging to politicians
Sunday 4 July 2021 | 12:43 PM Involved in money laundering.. Parliamentary Integrity demands the disclosure of the names of banks belonging to politiciansA member of the Parliamentary Integrity Committee, Alia Nassif, demanded, on Sunday, the Governor of the Central Bank, Mustafa Ghaleb, to reveal the identity of the banks that launder money .
Nassif said, “There are banks and banks belonging to political figures and economic and partisan organizations that speculate on the money of the Iraqi people .”
She added that “these banks are involved in a process of laundering and are behind the rise in the dollar exchange rate,” calling on the governor of the Central Bank to “inform the House of Representatives about the identity of the banks belonging to political figures to inform the people of the rebellious parties to steal their money.” aynaliraqnews.com
butterfly Al-Kazemi calls on the Iraqi army to protect the electric power transmission towers
7-4-2021 Al-Kazemi calls on the Iraqi army to protect the electric power transmission towersOn Saturday, Iraqi Prime Minister Mustafa Al-Kadhimi called on the Joint Operations Command to strengthen the protection of electric power transmission towers, which are being targeted by terrorist groups and saboteurs.
During the first meeting of the emergency crisis cell to address the electricity situation in the country, the Prime Minister instructed the Ministry of Finance and other ministries to provide all facilities for urgent treatment of the problems that the Ministry of Electricity suffers from, and to submit an emergency action plan for the treatments so as not to affect the supply of citizens with electricity.
During the meeting, they discussed the measures that were taken to prevent a recurrence of what happened, provide electric power to citizens, find quick solutions to add new units to increase production and solve the problems of low voltage levels in the southern region, and the need to equip capacity across the interconnection lines with the Iranian side as a quick solution for this summer.
It was also discussed that the public companies for the transmission of electric power should conduct a continuous thermal examination of the high-pressure lines and transfer the responsibility of the transmission networks within the generation stations from the production companies to the transmission companies, each according to its region, and the obligation of distribution departments in the governorates to improve the power factor of their networks, and the German company Siemens to adjust the frequency values for its operating units.
At dawn on Friday, Iraq witnessed a complete shutdown of electric power in the country due to a technical malfunction and acts of sabotage that affected electric power transmission towers by terrorist groups and saboteurs.
butterfly The Iraqi government immediately formed a higher ministerial committee from the ministries of electricity, finance, interior, oil and provincial councils headed by Prime Minister Mustafa Al-Kazemi to follow up on the repercussions of this crisis, and it dismissed and punished senior officials in the Ministry of Electricity against the background of this crisis.
However, this did not end the anger of the Iraqi street over the electricity crisis, as Iraqis demonstrated Saturday in the governorates of Dhi Qar and Diyala and others against the deteriorating level of electrical energy in the country and demanded accountability for the negligent and those involved in corruption.
Eyewitnesses said that large numbers of demonstrators gathered in Al-Haboubi Square in the center of Nasiriyah city in Dhi Qar governorate (375 km south of Baghdad) to protest against the power outage.
The demonstrators demanded that the Iraqi government resolve the electricity file and refer the negligent and the corrupt to the Iraqi judiciary.
Iraq has been complaining since 2003 until now about the problems of low levels of production and distribution of electric power despite spending billions of dollars on this sector due to the war against terrorism and the expansion of financial and administrative corruption in successive governments. rawabetcenter.com
Sheila great day everyone! taking it easy. bbq, fried catfish, coleslaw and fireworks at dusk!
Sheila hope we have more to celebrate by Wednesday...
butterfly Al-Abadi: The country is going through great challenges, and the upcoming early elections are crucial to put things right
Sunday 04 July 2021 22:44......The head of the victory coalition Haider Al-Abadi stressed the importance of serious work at all levels to provide services to our people, according to plans and strategies during the next stage.
Al-Abadi stressed, during his reception of the victory candidates in the upcoming parliamentary elections in the governorates of Muthanna, Qadisiyah, and Wasit, that they should be close to citizens, listen to them, and overcome the obstacles facing their governorates.
He pointed out that the country is going through great challenges, and the upcoming early elections that should be held on time on October 10, 2021 are crucial to put things right, stressing that the citizen was the best witness to what the country went through at the end of 2014, and we were able through proper planning. Overcoming crises, liberating the land, defeating terrorism, preserving Iraq's unity, defeating sectarianism, and advancing the economy, it has become a success story praised by the whole world.
He explained that Iraq has the financial and human capabilities to return again, and this is what must be done and to encourage citizens to vote and actively participate in the elections.
And he indicated that the governorates of Al-Muthanna, Wasit and Al-Qadisiyah gave their sons a lot for the sake of Iraq, and deserved concerted efforts to serve their children and the reconstruction of those provinces, and this is what must be done during the coming period.
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