Zig’s Place Chatroom News Thursday AM 11-11-21

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butterfly   The Central Bank warns against dealing with digital currencies

Thursday 11 November 2021 The Central Bank of Iraq has warned against dealing with digital currencies due to the great risks associated with these currencies and that they are not subject to any legal, regulatory or technical controls or legislation in Iraq.

The bank stated in a statement that it "closely follows transactions in the digital, encrypted and virtual currency market," stressing that it does not guarantee such currencies and does not provide legal protection for those who deal in them, and has not granted a license to any digital currency currently encrypted. ninanews.com

butterfly   Amer Al-Jawahiri to / Nina /: The budget deficit will not end easily with the rise in oil prices

Thursday 11 November 2021 The consultant in industrial development, industrial cities and investment, Amer Al-Jawahiri, confirmed: "The budget deficit will not end easily with the rise in oil prices."

Al-Jawahiri said in a statement to the National Iraqi News Agency ( NINA ): "We must not rely too much on the rise in international oil prices in light of the desire of oil-consuming countries, after the increase in their gasoline prices in particular, to take certain measures."

He added: "When prices are $70 and above, it is possible to address the hypothetical deficit by reducing unnecessary expenses and the multiplicity of salaries and aliens, through the rule and enforcement of the law that reduces the loss of public funds."

He pointed out that: "Whatever the price of a barrel of oil in the next budget, the deficit will not end easily, but there will be a low deficit that we hope will continue to rise in prices, by ending it in future budgets." ninanews.com

butterfly   2021-11-11 06:24   Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $167 million in foreign currency today, Thursday.

Shafaq News Agency correspondent said that CBI's foreign currency sales in this week's third auction amounted to $167,298,749. The transactions were made at a weighted average of 1460 dinars to every dollar.

Our correspondent explained that 11 banks and 140 exchange companies cashed $27,700 million, while the $139,598,139 went to boost funds abroad in the form of credit and non-cash transactions, with 22 banks meeting those demands. shafaq.com

butterfly   2021-11-11 01:26   Shafaq News / The dollar stood at its highest levels of the year against sterling and the euro on Thursday, while the yen was smarting from its sharpest drubbing in a month, after the hottest U.S. inflation reading in a generation fanned bets on rate hikes.

The euro was pummelled down 1% and through major support to $1.1476, its lowest since July 2020, after headline U.S. CPI came in at 6.2% overnight. It was pinned at that level early in the Asia session and lacks chart support until around $1.12.

Sterling dropped 1.2% to $1.3401, its lowest since December 2020 and the yen reversed a week of gains in a few hours and dropped 0.8% to 114.00 per dollar.

Emerging markets currencies also suffered from the dollar's broad rise, with MSCI's EM currencies index making its sharpest drop in two months as U.S. Treasury yields surged.

The rates moves, especially at the short end, suggest traders believe the Federal Reserve will step in to hike interest rates if prices keep running higher, said National Australia Bank's head of FX strategy, Ray Attrill.

"The market is still conferring a degree of credibility on the Fed, that they are not going to allow very high inflation to persist indefinitely," he said. If the dollar index moves higher than 95, investors might start to get out of the way, he said.

"It's quite a big level technically and if we can break up through that then there will be more people throwing in the towel." The index has climbed as far as 94.905.

butterfly   The U.S. data showed price rises extending into rents, which could drive pressure on wages, both lengthening and broadening the pandemic's inflationary pulse.

In its wake, the difference between five-year U.S. yields and yields at the same tenor in Japan and Germany stand at their widest - in favour of Treasuries - since early 2020.

The Australian and New Zealand dollars fell against the dollar's broad rise on Wednesday, but have found support at around one-month lows as investors figure that rates are also going up to counter inflation in the Antipodes.   Source: Reuters

butterfly   For his part, the Director of Procedures and Training at the Independent High Electoral Commission, Daoud Salman, said that “the commission sent the last batch of answers to the appeals and their appendices to the judiciary.”

Salman said, “The commission has completed all the appeals and their attachments and sent them to the judicial body, which will be free to approve these appeals or not,” noting that “manual counting and sorting operations will take place if the judiciary is not convinced of them.”

He explained, “The commission will announce with the results the number of invalid papers and the number of women and men voting, in implementation of Parliament Law No. 9 of 2020″.   burathanews.com

butterfly   Zidane responds to news of his candidacy for the position of Prime Minister of the new Iraqi government

2021-11-11 02:20   Zidane responds to news of his candidacy for the position of Prime Minister of the new Iraqi governmentShafaq News/ The head of Iraq’s Supreme Judicial Council, Faeq Zaidan, responded today, Thursday, to the news of his candidacy for prime minister in the expected Iraqi government, while noting that the “falsification” of the results of the recent parliamentary elections “has not been proven so far.”

Zaidan said, in statements reported by official media, that “election fraud has not been proven so far with reliable legal evidence.”

He added that “the investigation into the murderers of the demonstrators (who reject the election results) in the vicinity of the Green Zone last Friday is continuing, pending the completion of the investigative committee set up by the prime minister to present it to the judicial body.”

He explained that “the investigation file of the attempted assassination of Prime Minister Mustafa Al-Kazemi is with the committee formed by the prime minister, and has not yet been presented to the judiciary,” noting that “it is still in its early stages.”

Regarding the talk about putting his name up as a candidate to head the new government, Judge Zeidan said that he “refused on more than one occasion to take any position outside the judicial work.”  shafaq.com

butterfly   Mustafa Al-Kazemi is the man of the critical moment

11-11-2021   Mustafa Al-Kazemi is the man of the critical momentMustafa Al-Kazemi is the de facto president of Iraq. He is the head of his government and he is the commander in chief of his forces. And when he is subjected to an assassination attempt, that brings us back to the series of murders in Iraq. Abd al-Karim Qassem, Abd al-Salam Muhammad Arif, Saddam Hussein, and before them the descendant of the royal family, Faisal II.

The failed assassination attempt put Al-Kazemi on a ladder that the former journalist could not dream of. But this man is more dangerous than many expected of the Iranian project, whose guards in Iraq are worried about the possibility of its rapid collapse. For a politician to be subjected to an assassination attempt, this indicates his position, which could pose a danger.

What did Al-Kazemi do to deserve such punishment?

From the first day of his assumption of power, it became clear that Al-Kazemi was not on good terms with the militias, and the leaders of those militias drank poison when they had to agree to assign the position of the chief of the executive authority to a person who they believe with absolute certainty represents the United States’ view of Iraq.

What Al-Kazemi did after that, he confirmed that if he could not harm the popular crowd, he would pursue it with scandals that would drag it into areas of the reckless reaction that he put in the face of the state as a representative of the non-state forces.

butterfly   Al-Kazemi is the head of a temporary authority. But he may be prime minister in the next four years. This is because he is the only candidate accepted by the winning political blocs in the face of the losing political blocs

The Popular Mobilization had defeated Al-Kazemi in an unsuccessful manner when his militia managed to break the prestige of the state and release the detainees from its faction leaders, whom the state had previously charged with murder and kidnapping.

However, the cost of that victory was high. Instead of the Popular Mobilization being a support in the fight against terrorism, its anti-state and anti-law demonstrations showed it as a terrorist organization that works to protect killers, destroy civil peace, weaken the state, blackmail society, and subjugate both.

Al-Kazemi has silently and quietly exposed the lie of the Popular Mobilization’s affiliation with the armed forces and its submission to the orders of the Commander in Chief of the Armed Forces. As it became known, the Hashd is in fact an Iranian occupying force, and Qaani, who is Soleimani’s heir in office, is the one who issues orders to the Hashd, not the Iraqi prime minister.

After the failed assassination attempt, the crowd announced that its war on the Iraqi state and Iraqi society would take a new turn based on killing without a mask. The protesting activists are no longer his goal alone, but the goal will be all politicians who can be reached who want to liberate Iraq, even partially, from Iranian dependence.

The Hashdites consider Al-Kazemi to be responsible for their defeat in the recent elections. This opinion may be correct. Through his failed battles with them, he was able to drag them to the position of admitting that they had nothing to do with the Iraqi national project and that they hated the state and were working to bring it down in implementation of their political reference in Tehran.

butterfly   That is why Ras Al-Kazemi was the one wanted in the speech of one of the faction leaders, Qais Al-Khazali, whom the Prime Minister can file a lawsuit against on charges of inciting his murder. Khazali threatened to retaliate against Al-Kazemi, and then the drones flew in the direction of the prime minister’s house, who knew that the estrangement between him and the militias had reached the season of hell, which portends all kinds of evil.

As Iran thinks through Qaani that bridging the rift is possible by appeasing the popular crowd with a consensual authority based on a partial cancellation of the election results and giving it a chance he lost, Al-Kazemi found in the failed assassination attempt an occasion to invoke the law that does not enjoy any kind of respect for the crowd before. In this, Al-Kazemi insists on being a statesman.

The failed assassination attempt put Al-Kazemi on a ladder that the former journalist could not dream of. But that man is more dangerous than many expected of the Iranian project

It was a failed coup attempt. A failed recipe for a coup that could lead to a clash between Iran and the United States. Is Iran not embarrassed in the face of the exposure of the fact that it intends to overthrow the shabby Iraqi state? Is it not absurd that the mullahs’ state fears the establishment of a state in Iraq whose people are still groaning under the turbans?

butterfly   Al-Kazemi is the head of a temporary authority. But he may be prime minister in the next four years. This is because he is the only candidate accepted by the winning political blocs in the face of the losing political blocs that are hostile to him and that do not have what would qualify them to replace him by peaceful means.

The failed assassination attempt may have put Al-Kazemi in the position that makes him a future bet for a clean Iraq of militias. One day the man will be a hero of an unexpected kind.   rawabetcenter.com

butterfly   Stability in the price of the dollar with the closure of Baghdad markets

2021-11-11 07:53   Stability in the price of the dollar with the closure of Baghdad marketsShafaq News/ The exchange rates of the dollar stabilized against the Iraqi dinar, today, Thursday, with the closure of the main stock exchange in Baghdad.

Shafak News Agency correspondent said that the central Al-Kifah and Al-Harithiya stock exchanges closed in Baghdad at 148,275 Iraqi dinars for $100.

These are the same prices recorded this morning.

Our correspondent indicated that the buying and selling prices stabilized in the banking shops in the local markets in Baghdad, where the selling price amounted to 148,750 Iraqi dinars, while the purchase prices amounted to 147,750 dinars per 100 US dollars.   shafaq.com

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