Zig’s Place Chatroom News Sunday AM 6-13-21

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Butterfly   A government meeting to discuss the implementation of the reform "white paper" projects

Sunday 13 June 2021.........Minister of Finance Ali Allawi stressed the need to proceed according to the prescribed path and within the specific timings and schedules approved by the reform paper, and to combine the efforts of the ministries along with the private sector and coordination with all parties and supporting parties to ensure the achievement of all goals and projects.

During a meeting of the opinion board, in the presence of the Prime Minister’s advisor, Alaa Al-Saadi, the Undersecretary of the Ministry of Finance, the ministry’s advisors and its general managers, today, Sunday, Allawi indicated the need to find appropriate solutions to overcome the difficulties that impede the implementation of plans and projects with the aim of accelerating the achievement of the goals of the white paper aimed at correcting the path the national economy and achieving sustainable and comprehensive economic development.

The meeting discussed the implementation of the items of the projects that came in the financial and economic reform plan (the white paper) and the follow-up to the extent of the commitment of the implementing agencies to the projects included in the framework of the executive plan of the paper.

butterfly   Jamal Cougar: Oil price differences will strengthen the bank reserves

Sunday 13 June 2021........Member of Parliamentary Finance Committee Jamal Cougar stressed the importance of taking advantage of oil price differences to improve the financial and economic reality in the country.

He told the National Iraqi News Agency ( NINA ) that: This year's budget was built on the price of 45 dollars, and now the price of a barrel of oil is close to 70 dollars, and this difference in prices is important in upgrading the country's situation.

Cougar added that: the differences in oil prices will enhance the bank's foreign currency reserves, in addition to greatly reducing the budget deficit.

And the price of Basra oil recorded a noticeable increase in the recent period, exceeding $ 70 per barrel.

butterfly  2021-06-13 06:07  Shafaq News/ A member of the Parliamentary Committee for Finance said that the Central Bank of Iraq (CBI) allocated three billion dollars to control the market and harness skyrocketing exchange rates.

Committee Member, MP Jamal Kocher, said in a statement to Shafaq News Agency, "the Central Bank sells more than 200 million dollars in the currency auction daily to control the market. However, the recent rise in the dollar exchange rate came as a result of supply and demand for foreign currency."

On March 31, 2021, the Iraqi parliament voted on the first article of the 2021 budget bill, which pegged the Iraqi dinar to the U.S. dollar at rate of 1 to 1450.

butterfly   2021-06-13 06:02  Shafaq News/ The Central Bank of Iraq (CBI) sales in the Foreign currency auction jumped on Sunday by 3.81%.

Shafaq News Agency correspondent said that the CBI sales at the Foreign currency auction rose by 3.81% to $281,422,159 at a cut-off price of 1460 dinars, compared to $210,688,244 on Friday.

Our correspondent explained that 18 banks and 12 exchange companies cashed $26.35 million, while $192,092,159 went to boost funds abroad in the form of transfers and credits, with 34 banks meeting those requests.

butterfly   2021-06-13 01:05  Shafaq News/ The Iraqi Minister of Oil, Ihsan Abdul-Jabbar, said on Sunday that oil prices are expected to range between $68 and $75 per barrel in the second half of the current year with OPEC and allies maintaining their commitment to production restrictions.

In a press statement earlier today, Minister Abdul-Jabbar said, "We expect that ExxonMobil will remain in a certain part of Iraq in some investments. It only left the west al-Qurna 1. We are considering alternatives."

Earlier in May, Goldman Sachs said it expects oil prices to climb to $80 per barrel in the fourth quarter of this year, arguing that the market has underestimated a rebound in demand even with a possible resumption in Iranian supply.

butterfly   Al-Kazemi’s advisor announces the details of the economic reform program and its launch date

2021-06-12 | 10:46  Al-Kazemis advisor announces the details of the economic reform program and its launch dateToday, Saturday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the details of the first economic reform program in Iraq and the date of its launch, while indicating that there is an opportunity to make Iraq independent of oil dependency.

Saleh said, to the official agency: “Iraq has an opportunity that extends for ten years before entering the world and penetrating the roots of the Fourth Industrial Revolution and the start of various renewable energy alternatives, so that its production costs become less than the cost of producing crude oil, the depleted wealth whose use was associated with the second industrial revolution during the Victorian era until now.” “.

butterfly   He added that “improving oil prices in the foreseeable future, and achieving good incomes for the country, could reduce severe shortages and revive some aspects of the economy, but Iraq He is bound by a ten-year development plan that establishes the employment of oil revenues in investments that absorb a growing manpower without losing future job opportunities, taking into account the violent impact that may result from the goal set to reach zero emissions by the year 2050, according to the sources of the International Energy Organization.

He explained that “this is a call for a new economic development contract during which the economy gradually separates from the dominance of oil to achieve independence from dangerous rentier fluctuations, and establishes a real diversification of the national economy, and thus comes the choice of 2022, to launch the first economic reform program, in response to the post-legislative elections stage and a step A foundational foundation for laying the foundations for a renewed economic development for Iraq.

And Saleh indicated that “OPEC’s share of oil production will rise to more than half of the global total production, as oil and gas supplies will be limited to small, fewer countries, and that the annual per capita income from oil sales may fall by about 75% during the next two decades,” stressing that That “every rentier dollar that exceeds the urgent social and human needs must go to productive and income-generating employment.”

butterfly   He emphasized that “in front of IraqAn opportunity for a decade, starting from now until the early thirties of the current twenty-first century, to shift towards productive investment in three advanced fields, the first of which is large-scale agriculture with high cash returns with the development of infrastructure projects related to the regulation of water, irrigation, and agro-industry, i.e., manufacturing agricultural inputs and products in a way wide, and the second metal and geological to provide crane investment additional financing and support for oil, particularly in phosphate, silicon, sulfur, etc., and thirdly working to change the digital infrastructure radically for all walks of life without losing the country ‘s backbone , a power and transport strategic. ”

He noted the benefit of ” the need Restructuring the national market and reorganizing its institutions, i.e. creating (the organized market) to play the role of partnership with its financial, technical and pioneering surpluses in drawing and implementing an imageIraq The economy is independent of oil dependence, especially in the main real sectors and tourism.

He called for “the years 2022-2032 to be the first development decade for Iraq after four decades of nothing in a young nation, half of its population is between the age of 19 years downwards, which complicates the problems of work and maintenance at the same time, which is the bottleneck that should be exited from.” alsumaria.tv

butterfly   ..................The second paragraph from the article above.................... Saleh said, to the official agency: “Iraq has an opportunity that extends for ten years before entering the world and penetrating the roots of the Fourth Industrial Revolution and the start of various renewable energy alternatives, so that its production costs become less than the cost of producing crude oil, the depleted wealth whose use was associated with the second industrial revolution during the Victorian era until now.” “.

butterfly   Al-Rafidain Parliamentary Bloc: The rise in oil prices saved Iraq.. the “white paper” was not implemented

Sunday 13 June 2021 | 01:18 pm  Al-Rafidain Parliamentary Bloc - The rise in oil prices saved Iraq.. the white paper was not implementedThe head of the Rafidain Parliamentary Bloc, Yonadam Kanna, said on Sunday that oil prices saved Iraq from a stifling economic crisis, while noting that the white paper for economic reform proposed by the government has not been implemented so far .

Kanna said, “The return of high oil prices in global markets is what saved Iraq from its stifling economic crisis, not the white paper .”

And he indicated that “the relative control of the Corona epidemic in the whole world, contributed to the return of factories and factories, and consequently the demand for oil increased, which increased its price in global markets .”

He added that “the white paper has not been applied to anything, and it is still ink on paper, and if it is applied, it will be harsh on the simple citizen and those with limited income .”   aynaliraqnews.com

butterfly   ...............How much more proof do ya need?.....................

butterfly  Dollar prices in Iraq remain at the highest level   2021-06-13   Dollar prices in Iraq remain at the highest levelToday, Sunday, the dollar exchange rates continued to record high levels in the Iraqi Stock Exchange and markets.

The exchange rates on the Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad amounted to 150.100 Iraqi dinars, compared to 100 US dollars.

While the selling prices in money exchange shops in the local markets in Baghdad remained stable at 150,500 Iraqi dinars, and the purchase prices at 149,500 dinars per 100 US dollars.   burathanews.com

butterfly  Allawi discusses the implementation of the items of the projects that came in (the white paper)   06/13/2021 16:15:37    Allawi discusses the implementation of the items of the projects that came in the white paperThe Minister of Finance, Ali Abdul Amir Allawi, chaired, on Sunday, a meeting of the opinion board to discuss the implementation of the terms of the projects that came in the (white paper).

And the ministerial statement, which {Euphrates News} received a copy of, stated, “The meeting discussed, in the presence of the Prime Minister’s advisor, Alaa Al-Saadi, the Undersecretary, the Ministry’s advisors, and the Ministry’s general managers, a number of paragraphs, on top of which was discussing the implementation of the items of projects that came in the financial and economic reform plan (paper Al-Bayda) and follow-up to the extent of the commitment of the implementing agencies to the projects listed within the framework of the executive plan of the paper.

The meeting also discussed a number of issues and procedures related to the work of the ministry’s departments and bodies and taking appropriate decisions in this regard.

Butterfly   During the meeting, Allawi stressed, “the necessity of proceeding according to the prescribed path and within the specific timings and schedules approved by the reform paper, and the concerted efforts of the ministries along with the private sector and coordination with all parties and supporting parties to ensure the full achievement of the goals and projects.”

While Allawi stressed “to find appropriate solutions towards overcoming all difficulties that impede the implementation of plans and projects with the aim of accelerating the achievement of the goals of the white paper aimed at correcting the national economic path and achieving sustainable and comprehensive economic development.”    alforatnews.com

Dave  A keystone of the white paper was to root out corruption..........thats the solution towards overcoming the difficulties that impede implementation of plans?

butterfly  Ten more years of waiting

butterfly  They are making almost double on the oil since they went in very low in the budget.

Dave  yeah....that frozen 150 billion usd...........hope they collect interest on that.......

Dave   10 yrs......moving along at their pace......seems reasonable.......

butterfly   Ties in with what the IMF said.

Dave   after more than 10 yrs.........they now have a FSC,,,,,,,that has ruled on nothing...........

butterfly   baby steps.......it will take time

Dave   fer all the crooks to die off from old age.......they aint going to give it up willingly....

Dave  all the blown opportunities for investment.... Kuwaiti Conference, Exxon pulling out .......all due to endemic corruption.......Lets invest in that?

butterfly  The Central Bank of Iraq is looking to establish a new bank in the name of “Al Hafez Al-Amin”

16:29 – 13/06/2021   The Central Bank of Iraq is looking to establish a new bank in the name of Al Hafez Al-AminInformation / Baghdad.

The Central Bank of Iraq discussed, on Sunday, the establishment of a new Iraqi bank in the name of “Al-Hafiz Al-Amin”.

And the bank’s media said, in a statement that the agency “Information” received a copy of it, that “the Governor of the Central Bank of Iraq, Mustafa Ghalib, discussed the establishment of Al-Hafiz Al-Amin Bank, with the Chairman of the Securities Commission and the Chairman of the Board of Governors of the Iraq Stock Exchange, as well as the Executive Director of the Iraq Stock Exchange and a number of of financial and economic figures.

He added, “The bank expressed its willingness to proceed with its establishment because of its positive financial and economic effects that would enhance the work of the stock market operating in Iraq, in addition to providing safety for investors, especially foreign ones, as well as increasing investment portfolios.” almaalomah.org

butterfly  6 unions launch a campaign to support the dinar and the national economy

06/13/2021 12:18:14   6 unions launch a campaign to support the dinar and the national economyA group of unions and federations announced the launch of a national campaign to support the national currency and the economy and increase the citizen’s confidence in the Iraqi dinar.

And 6 unions said in a statement that {Euphrates News} received a copy of it, announcing the launch of a national campaign under the auspices of the Central Bank of Iraq to raise awareness to support the national currency and the Iraqi economy. Dentists, who represent a large segment of Iraqi society.

The statement added, “This campaign aims to shed light on the importance of dealing with the national currency and increasing the citizen’s confidence in it, for the contribution of all sectors to maintaining the exchange rate and maintaining inflation at low rates, and reducing the rates of poverty and unemployment through the entry of Iraqi and foreign investors to work inside the country, which will lead To increase the services provided to citizens, and this is fully reflected positively on the economy.”

He pointed out that “this campaign also includes a focus on the failure of the owners of retail and service stores to compel citizens.”     alforatnews.com

Dave   Wonder where we are at with the Private Banking laws to protect foreign investors?

Dave   Why that Kuwaiti Conference was a bust last summer....

Dave   Big fat ZELTCH,ZERO NODDA.......

Dave   10 yrs for CBI to increase their reserves with a PIP increase here and there

butterfly   Parliamentary Energy: The oil and gas law will not pass without political consensus

09:55 – 13/06/2021  Parliamentary Energy - The oil and gas law will not pass without political consensusInformation/Baghdad.

On Sunday, a member of the Parliamentary Oil and Energy Committee, Ghaleb Muhammad, ruled out the legislation of the oil and gas law without a political agreement between Baghdad and the region, stressing that the law will be transferred to the next parliamentary session.

Ghaleb said in a statement to “The Information”, that “political differences led to the absence of the oil and gas fight, and it is the basis of the problem on the division of oil wealth,” noting that “oil and gas is the legal cover for the entire oil sector.”

He added, “Passing the law requires political consensus,” ruling out “the approval of the oil and gas law in the current parliamentary session.”

A member of the House of Representatives from Diyala Governorate, Mudar Al-Karawi, had demanded, in a previous statement to “Al-Maalouma”, the formation of a ministerial committee to distribute oil benefits in the province. finished/ 25 h    almaalomah.org

Dave   next session.......

Dave   Kurds yet still argue implementation according to the Constitution........

butterfly   Dave that has been from day one. Fight Fight Fight.

Dave   White Paper........exactly.........BLANK …    yeah who gets oil proceeds from the disputed territories...........?   Kirkuk OIL RICH........Kurds will Never back down.......

butterfly   American activist: The majority of Americans are ignorant of politics and are proud of their stupidity

17:16 – 13/06/2021  American activist - The majority of Americans are ignorant of politics and are proud of their stupidityInformation / translation.

The American human rights activist Randy Short stressed, on Sunday, that the majority of Americans are politically ignorant and arrogantly proud of their stupidity.

Short was quoted by the Tehran Times, in an interview translated by Al-Maalouma, as saying, “The American masses have been conditioned to be mental dwarves and ignorant giants, since in America there are tens of millions who are unable to read after elementary school and tens of millions of illiterates.”

He added, “Many of those millions do not speak English, less than 3 percent of the American public read, and every year dozens of newspapers and periodicals stop working due to a lack of subscribers, even though the same percentage of addicts to drugs, alcohol, hallucinogens and pornography added a few minutes Every day for reading into their busy schedule, American audiences would be among the most enlightened in the world.”

Millions of young Americans each year learn how to become gay, they have no education in history, civics, social studies, geography, even music or art, while nearly all American colleges have remedial classes to teach semi-illiterate students how to read and write after two Ten years of academic study.

He noted that “the ruling elite in the United States destroyed the education system in order to make stupid people into slaves. The civil rights and anti-war movements of the 1950s, 1960s and 1970s terrorized the American ruling classes who realized that their dominance was threatened by an educated public, and began to use the means of Media, entertainment, education, food and polluted water. And even religion to make people passive and weak.” finished/ 25 z   almaalomah.org/2021/06/13/539664/

butterfly   Interesting article, that is why we are Number 26 in the World of Education.

Dave   Red Necks r US.......figured one was born gay......did not have to learn that????

Dave   less than 3 percent of the American public read, ???????

Dave   costs money to build new schools hire teachers....have to print more currency to pay for that?

Dave   Us commies here rank 6-7th in education.........we all sheckle up even if we do not have kids going to school........Do find it odd that we pay more for daycare than getting a post secondary education......

Dave   gosh\ even those that choice not to go to school pay into subsidizing Universities.......

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