Zig’s Place Chatroom News Thursday PM 12-16-21

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Butterfly   Economist: The Monetary Reserve Achieved By The Central Bank Should Be Faced With A Reduction In The Exchange Rate

12/16/2021 – 9:49 AM   Economist - The Monetary Reserve Achieved By The Central Bank Should Be Faced With A Reduction In The Exchange RateEconomist Wissam Al-Tamimi Said Today, Thursday, That The Cash Reserve Achieved By The Central Bank Exceeded 64 Billion Dollars, Which Requires The Government To Reduce The Dollar Exchange Rate, A Year After The Decision To Raise It By 23 Percent.

Al-Tamimi Said, “The Central Bank’s Assurances To Achieve A Cash Reserve Of 64 Billion Dollars, Is Only A Message To The Government Regarding Issuing A Decision Either To Continue The Rise In The Exchange Rate Or To Reduce It.”

He Added, “There Are Many Question Marks On The Government, Especially Since There Is A Great Financial Abundance Achieved From Oil Revenues And The High Exchange Rate, At A Time When No Final Accounts Have Been Conducted So That Everyone Can Know The Recovered Or Realized Funds For The Current Year.”

Al-Tamimi Explained, “The Cash Reserve Achieved By The Central Bank Should Be Faced With A Decrease In The Exchange Rate In The Local Market, Especially Since Poverty Rates Have Risen According To The Statistics Of The Ministry Of Planning, Which Needs A Quick Treatment To Remedy What The Citizen May Resort To To Achieve A Living, Especially That The Total Prices The Purchasing Power Of The Citizen As Well As The Owners Of The Markets Has Increased And Decreased, And Therefore, Continuing With This Approach Will Lead The Country To A Dangerous Slide.”   alahadnews.net

butterfly   Al-Moussawi To Al-Ahed News: The Coming Days Will Become Clear To The Iraqi People The Extent Of Plasschaert’s Interference In The Elections

12/16/2021 – 10:02 AM   Al-Moussawi To Al-Ahed News - The Coming Days Will Become Clear To The Iraqi People The Extent Of Plasschaerts Interference In The ElectionsToday, Thursday, Former Member Of The House Of Representatives, Sana Al-Moussawi, Accused The United Nations Representative In Iraq, Jenin Plasschaert, Of Participating In An Attempt To Overthrow The National Forces That Reject The American Presence.

Al-Moussawi Told Al-Ahd News That What I Did To Plasschaert Was To Complete The Project To Undermine The National Forces.

She Added That The Commission And The United Nations Representative In Iraq Are The Two Parties Responsible For The Violations That Accompanied The Conduct Of The Electoral Process.

She Indicated That The Coming Days Will Become Clear To The Iraqi People The Extent Of Plasschaert’s Interference In The Process Of Falsifying The Election Results.   alahadnews.net

butterfly   Iraq signs 15 contracts with China to build 1,000 schools

2021-12-16 03:37   Iraq signs 15 contracts with China to build 1000 schoolsShafaq News/ The Iraqi government announced on Thursday that it had signed 15 contracts with the Chinese side to build 1,000 schools in different parts of the country.

Al-Kazemi’s media office said, in a statement received by Shafaq News Agency, that under the patronage and presence of Prime Minister Mustafa Al-Kazemi, a ceremony of signing fifteen contracts with the Chinese side took place today, to build a thousand school buildings in various parts of Iraq; This is within the framework of cooperation agreement between the Iraqi and Chinese governments.

The statement added that the Iraqi side was represented in the signing by the Executive Director of the Higher Committee for School Construction Karar Muhammad, while the Chinese side was represented by the Vice President of Power China Li Dze, for the construction of 679 school buildings.

The signing, according to the statement, was signed with the Chinese side, represented by the regional director of Sino Tech, Mr. Koo Jun; For the construction of 321 school buildings.

On the twenty-eighth of last November, the Iraqi military authorities reported a security alert to protect Chinese companies implementing a project to build 1,000 schools across Iraq.

The Joint Operations Command said that the Deputy Operations Commander, Lieutenant-General Abdul-Amir Al-Shammari, met with deputy operations commanders and police commanders about the construction of 1,000 schools across Iraq, stressing that all units will be on alert, to protect Chinese companies and remove abuses on the encroached lands.   shafaq.com

michael-courtney   Is there a particular year I should buy for dinar and dongs and do you have a good source?

Dave   That has been the million dollar question for the last 15 yrs or so.........

butterfly   Oil prices continue to rise after US data

Thursday 16 December 2021 22:20 Oil prices continue to rise today, Thursday, after data showed strong demand for fuel in the United States, while the US Central Bank ended the bond purchases program to slow the rising inflation.

Brent crude futures rose 0.81% to $74.48 a barrel, and the contracts ended trading yesterday at $73.88 a barrel.

Meanwhile, US West Texas Intermediate crude futures rose 1% to $71.58 a barrel, and US crude closed Wednesday's trading at $70.87 a barrel.

And government data showed a decline in US oil inventories by 4.6 million barrels last week, and inventories of gasoline and distillates also fell. US crude exports rose sharply, while demand for oil derivatives in the United States hit a record high at 23.2 million barrels per day.

The US Federal Reserve (the central bank) said that it will end bond purchases in March 2022, and start increasing interest rates to counter inflation. https://ninanews.com/Website/News/Details?key=945305

butterfly   Miss World final postponed

Friday 17 December 2021 00:00 Representatives of the organizing committee of the 70th Miss World competition, to be held on Thursday in San Juan, Puerto Rico, announced the postponement of the competition's final due to the restrictions of the Corona virus.

"After confirming new positive cases of coronavirus infection this morning and after consulting with experts and representatives of the health system, the event organizers decided to postpone the final to be held within the next 90 days," the organizing committee said.

"We look forward to the return of the contestants we knew and loved," said Julia Morley, chair of the competition's organizing committee.

The 70th Miss World pageant was scheduled to take place in late 2020, but the pageant has been postponed due to the COVID-19 pandemic.

And in March 2021, it became known that the event will take place in San Juan.

Representatives of 98 countries are participating in the current competition, the lowest number in the last 19 years. https://ninanews.com/Website/News/Details?Key=945318

butterfly   A hideout for terrorists was found, used for mobile logistical support, north of Baghdad

Thursday 16 December 2021 23:13 The security forces found a terrorist den used for mobile logistical support, north of Baghdad.

A statement by the Baghdad Operations Command stated that, following intelligence information, a security force carried out a search and search operation in the Al-Tabi area, north of Baghdad, in the orchards (Albu Shallal), during which it was able to find a terrorist den used for mobile logistical support.

She explained that the accuracy of the intelligence is a key element that enabled our forces to reach this den, which is the second den that was destroyed during the past ten days. https://ninanews.com/Website/News/Details?key=945315

Butterfly   Bakhtiar: Not implementing Article 140 is a protection for Saddam Hussein's Baathist policy 2021-12-16 14:43

Shafaq News/ The leader of the Patriotic Union of Kurdistan, Mullah Bakhtiar, said during his meeting with a group of Kakais in the Karmsir area, that the failure to implement Article 140 of the Iraqi constitution is a protection for the Arabization policy that Saddam Hussein's regime adopted.

Bakhtiar said in a statement that he received members of the Kakai sect in Karmsir, and discussed with them cultural pluralism and coexistence.

Bakhtiar pointed out that the Kakai community has been subjected to great pressure throughout history, but has been able to protect its members.

"Let us seek not only locally, but also at the regional and international levels, to work seriously and more than ever and prove the great treachery that those areas were subjected to. This treachery should be ended," he noted, adding, "after the fall of the previous regime, the Iraqi government should have ended this injustice."

"Why are these people now protecting the Saddamist policies against the Kurds? Why are they protecting the policies of Arabization deportation and displacement, and not implementing Article 140 of the Constitution? not implementing Article 140 means protecting the policies of the Baath and Saddam."

Bakhtiar concluded, "those decisions that were issued following a Baathist-chauvinism background. They are a threat to the Kurds and the disputed areas, and must be abolished." https://shafaq.com/en/Kurdistan/Bakhtiar-Not-implementing-Article-140-is-a-protection-for-Saddam-Hussein-s-Baathist-policy

butterfly   Expert: The Government's Economic Decisions Are Risky

Economic   Last Update 12/16/2021 | 2:51 PM  The expert in economic affairs, Ahmed Abdel Ali, confirmed today, Thursday, that the current government’s decisions, including economic reforms, are fraught with risks, as they are immediate, not far-reaching decisions in light of fluctuations in international oil prices.

Abdul Ali said in a statement to the "Information" agency, that "the current government's decision to amend monetary policy, including raising the exchange rate of the dollar against the Iraqi dinar, is an ill-considered decision that greatly harmed large groups of people, as it raised the value of prices in the markets and led to a weak purchasing power of citizens. “.

He added, "The rise in the exchange rate also led to the disruption of the work of local factories in the country, as it buys raw materials in US dollars from abroad," noting that "Iraq needs a radical reform of the economic management system to face challenges, including the decline in oil prices."

Abdul Ali pointed out that "the devaluation of the Iraqi dinar at a significant rate against the US dollar is the highest since 2003, and it has resulted in many problems that have affected large groups of society."

He noted that "the Iraqi economy is based entirely on oil revenues at a rate of 95%, and in the last two years the economies of the major and industrialized countries began looking for an alternative to oil." https://almaalomah.me/2021/12/16/571179/

Zig   michael-courtney : :Welcome: to the chat...You should repeat any inquiry if you get no answers....people buy their currencies from various dealers, banks, etc....this room is not that active any longer aside from articles posted by butterfly so we appreciate any new input and participation....

butterfly   Former Deputy: The Coordination Framework Will Hold Internal Elections To Choose The Next Prime Minister

POLITICIAN  12/16/2021 | 9:42 PM   The former deputy of the State of Law coalition Rasoul Radi confirmed, on Thursday, that the coordinating framework will hold internal elections to choose the next prime minister, pointing out that there is consensus within the framework to replace the personalities of the three presidencies.

Radi said, in a statement followed by "The Information", that "the Shiite coordinating framework met with the political forces to solicit their views on forming the government, as the political blocs are heading towards the framework being the largest Shiite bloc."

He added that "the three presidencies have resolved their position and will be replaced in this session, and Adnan Al-Mufti is one of the figures agreed upon by the Kurds for the presidency, according to the media."

He explained that "the coordinating framework will hold internal elections to choose the next prime minister, and agreed with the other blocs to choose a candidate to head the next government, in addition to that the positions of the presidency are in the process of being discussed, and the President of the Republic, Parliament and the government will have two deputies." https://almaalomah.me/2021/12/16/571277/

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