Zig’s Place Chatroom News Sunday AM 1-16-22

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Butterfly   State Of Law: We Will Not Allow The Budget To Pass Without Changing The Dollar Exchange Rate

Economic  Last Update 01/16/2022 | 9:03 AM   Representative of the State of Law coalition, Firas Al-Maslmawi, confirmed that his coalition and other representatives within the same direction will not allow the budget to be passed for the current year except after a reduction in the exchange rate of the dollar against the dinar, pointing out that changing the exchange rate and its rise did not achieve any benefit, and worked on starving people.

Al-Maslamawi told Al-Maalouma, "The general budget for the current year will not be passed in Parliament in the event that the dollar exchange rate continues as it is at the present time."

He added, "The significant rise in the exchange rate has caused a lot of harm to the people, and it cannot be allowed to continue rising in the current year's budget, especially since the price change by the government did not achieve any benefit other than starving the Iraqi people."

And he indicated that "the change in the exchange rate has caused great damage, especially the poor class, and therefore it will not be allowed to continue rising, as there will be a movement towards independent representatives and supporters to reduce the price in order to proceed with it and not pass the budget according to the current rise." https://almaalomah.me/2022/01/16/576744/

Butterfly   Saudi Newspaper: The Tripartite Alliance Will Not Stand, And The Exclusion Of Al-Maliki Is Not Possible

Politician  Last Update 01/16/2022 | 11:26 AM  The Saudi newspaper Al-Sharq al-Awsat confirmed, on Sunday, the inability of the coalition of political forces that passed the first session to withstand for a long time, especially after the state order of the Federal Court, indicating that the exclusion of the leader of the State of Law coalition, Nuri al-Maliki, is not possible.

And the newspaper quoted, in a report seen by "The Information", a political source as saying, "The alliance of Sunni and Kurdish forces and part of the Shiites does not seem able to withstand to the end of the road, because of the surprises that have occurred that may lead to a change in the political scene in the coming days." .

He added, "The issuance of the state order to stop the procedures was the first surprise that encouraged Shiite parties to enter strongly on the mediation line between the Sadrist movement and the forces of the coordination framework, which makes it possible to obtain an understanding, albeit relative, on many issues, and thus rearrange the situation." , in a way that does not make a longitudinal Sunni-Shiite-Kurdish alliance that includes parties from components that remain lacking full representation, which has not yet been absorbed by the political process in Iraq, which still needs consensus.”

butterfly   And on whether the re-election of Nuri al-Maliki as Secretary-General of the Dawa Party, after news of his dismissal was recently circulated, will complicate the scene with the Sadrists, the source said, “The relationship between al-Sadr and al-Maliki will remain complex, and there are no indications that it will change for the better, but this does not prevent From having discussions with the rest of the coordinating framework forces.”

The source ruled out that “a part of the framework will go with the current just to share positions, because the coordination framework seeks to remain a strong bloc united by several goals, while al-Sadr wants to break it up on its terms, which means joining it according to the principle of the majority that it advocates, which means isolating others from within the framework, and marginalizing them under the pretext of going to the opposition.” https://almaalomah.me/2022/01/16/576784/

butterfly   China "the Only Winner" in this Huge Iraqi Oil Field 16th January 2022 in Iraq Oil & Gas News, Politics .................... Writing in Oil Price, Simon Watkins that the recent approval of the Iraqi National Oil Company (INOC)'s acquisition of ExxonMobil's 32.7 percent stake in the West Qurna 1 oil field is likely to leave China delighted, the U.S. irritated, and Iraq's oil industry still unable to achieve any of its key oil output goals.

Click here to read the full article. https://oilprice.com/Energy/Crude-Oil/China-Is-The-Only-Winner-In-This-Huge-Iraqi-Oil-Field.html

butterfly  FSC to look into the complaints on the Parliament's first session on Wednesday 2022-01-16 07:42

Shafaq News / The Federal Supreme Court scheduled Wednesday 19/1/2022 at 9 am, to look into the complaints to challenge the constitutionality of the Parliament's first session.

The appeal against the speaker's election was filed by Mashhadani, as well as another MP, Bassem Khachan.

Iraq's top court, Thursday, provisionally suspended the newly-appointed speaker of parliament, while judges consider an appeal by two fellow deputies claiming his re-election by other lawmakers was unconstitutional.

The Federal Supreme Court decided "to suspend the work" of influential Sunni MP Mohammed al-Halbousi on a temporary basis, while it investigates the process of his election.

The move impacts the workings of parliament, as lawmakers cannot meet without the speaker. https://www.shafaq.com/en/Iraq-News/FSC-to-look-into-the-complaints-on-the-Parliament-s-first-session-on-Wednesday

butterfly   USD/IQD went opposite ways in Baghdad and Erbil on Sunday 2022-01-16 01:55

Shafaq News/ The U.S. dollar (USD) exchange rates against the Iraqi dinar (IQD) declined in the markets of Baghdad, while slightly going up in the capital of the Kurdistan Region, Erbil.

Shafaq News Agency correspondent said that the Central al-Kifah and Al-Harithiya exchanges are trading the USD at a rate of 148,100 IQD to 100, 100 IQD below yesterday's rate.

Our correspondent said that the buying and selling rates of 100 USD in the local markets of the Iraqi capital stood at 148,500 and 147,500 IQD, respectively.

In Erbil, the selling and buying rates rose to 148,350 and 148,100 IQD to 100 USD, according to our correspondent. https://www.shafaq.com/en/Economy/USD-IQD-went-opposite-ways-in-Baghdad-and-Erbil-on-Sunday

butterfly   CBI sales inched up today 2022-01-16 05:56

Shafaq News/ The Central Bank of Iraq's (CBI) sales climbed today, Sunday.

Shafaq News Agency correspondent said that the CBI sales of foreign currency in today's auction amounted to 200,073,235. The transactions were made at a weighted average of 1460 dinars to every dollar.

Our correspondent explained that 13 banks and 187 exchange companies cashed out $28,340 million, while the remaining $171,733,235 went to boost funds abroad in the form of credit and non-cash transactions, with 23 banks meeting those demands. https://www.shafaq.com/en/Economy/CBI-sales-inched-up-today-4

UNEEK   What Does Removing The Name Of Iraq From The European Union Terrorism List Mean?

Specialists: The decision reflects positively on the economy and provides greater opportunities for financial cooperation with countries around the world

A few days ago, the European Union issued a decision to remove the name of Iraq from the list of high-risk countries in money laundering and terrorism financing, in a step described by Iraqi Prime Minister Mustafa Al-Kazemi as “important in dedicating effective Iraqi diplomacy to serve the interests of the country,” while specialists in Iraqi affairs believe that “the decision Positive repercussions on the economy and provides greater opportunities for bilateral financial cooperation with countries around the world.

The Ambassador of the European Union pointed to the growing positive regional role of Iraq, pointing to "a seven-year European plan aimed at providing institutional support to Iraq, assigning programs to develop financial competencies and the work of the Central Bank of Iraq."

you can continue reading article here:

https://dinarrecaps.com/our-blog/more-iraqi-news-saturday-pm-1-15-22

Zig   UNEEK : Thanks

Zig   butterfly : Thanks for your daily work in here...I'll take this over 24 hour small-talk....and other crap postings........

butterfly  Zig The first article should raise eyebrows of every investor.

Zig  butterfly : Interesting but talk is cheap....lol....we'll see....

butterfly   Zig I know, but to put it out in print.....lordy

Zig   butterfly : Yeah but I don't think it means a "major" change....

butterfly   Zig time will tell for ALL to get something from their investment.

butterfly   I know I am a happy camper.

butterfly   Here is another from a different website article:

butterfly   A Deputy Threatens Not To Pass The Budget Until After A Reduction In The Exchange Rate Of The Dollar Against The Dinar

January 16, 2022   USD-Iraqi dinarThe Independent – Representative of the State of Law coalition, Firas Al-Maslmawi, confirmed that his coalition and other representatives within the same direction will not allow the budget to pass for the current year except after a reduction in the exchange rate of the dollar against the dinar, pointing out that changing the exchange rate and its rise did not achieve any benefit, and worked to starve the people.

Al-Maslamawi said in a press statement, which was monitored by The Independent, that “the general budget for the current year will not be passed in Parliament if the dollar exchange rate continues as it is at the present time.”

He added, “The significant rise in the exchange rate has caused a lot of harm to the people, and it cannot be allowed to continue rising in the current year’s budget, especially since the price change by the government did not achieve any benefit other than starving the Iraqi people.”

And he indicated that “the change in the exchange rate has caused great damage, especially the poor class, and therefore it will not be allowed to continue rising, as there will be a movement towards independent representatives and supporters to reduce the price in order to proceed with it and not pass the budget according to the current rise.”   mustaqila.com

Butterfly   " as there will be a movement towards independent representatives and supporters to reduce the price in order to proceed with it "

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