Zig’s Place Chatroom News Thursday PM 6-24-21
Zig’s Place Chatroom News Thursday PM 6-24-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly Iraqi Dinar/US Dollar auction results for 6-27-2021 executed today 6-24-2021
United States DollarThe results of the foreign currency sale window for Sunday 06/27/2021 and implemented today Announcement No. (4438) Sale date – Sunday 27/6/2021 and executed today the details the amount
Total sales for the purposes of strengthening balances abroad (remittances, credits) 192,320,615
Total cash sale 36,240,000 Total total sales 228,560,615
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/1053
butterfly Al-Kazemi’s advisor: The high oil price does not make the budget balanced except on conditions
2021-06-24 02:20 Al-Kazemis advisor - The high oil price does not make the budget balanced except on conditionsShafaq News/ Adviser to the Prime Minister for Financial and Economic Affairs Mazhar Muhammad Salih confirmed on Thursday that the rise in the oil price does not make the budget balanced, except on conditions, indicating that the budget surplus prompted the government not to finance the deficit by borrowing.
Saleh said in an interview with Shafaq News Agency; “The high oil price does not make the budget balanced except on conditions, as the average oil price should be $75 over the course of the fiscal year and not fluctuate, such as dropping to $50 and rising again,” noting that “the budget set the price of a barrel at $45.” And it has a hypothetical deficit, it has spending commitments, and it has oil and non-oil revenues.”
Saleh added, “If the price of a barrel of oil continues at $75 throughout the fiscal year, there will be a balanced budget, provided that there is efficiency in spending and efficiency in non-oil revenues as planned.”
Saleh pointed out that “during the first 6 months of this year, the barrel price achieved more than 45 dollars, and at least 62 to 65 dollars the average selling price, and thus achieved a surplus that made the government not finance the deficit by borrowing,” noting that “the budget turns from Budgeting a deficit into a balanced budget when the desired expenditures are equal to the desired revenues with the surplus resulting from the rise in oil prices.
On (March 31, 2021), the Iraqi parliament voted on the federal general budget law for the fiscal year 2021 with a deficit of more than 28 trillion dinars, while the revenues of the general budget amounted to more than 101 trillion Iraqi dinars, while expenditures were estimated at 129 trillion dinars.
butterfly It is noteworthy that Iraq has entered into a stifling economic crisis since the beginning of the year 2020, as a result of the decline in crude oil prices in global markets due to the Corona pandemic, before oil prices resumed their rise again. shafaq.com
butterfly The dollar rises slightly when it is closed in Baghdad markets
2021-06-24 08:34 The dollar rises slightly when it is closed in Baghdad marketsShafaq News/ The dollar exchange rate rose slightly on Thursday, with the closure of the main stock exchange in Baghdad.
Shafak News Agency reporter said; Al-Kifah and Al-Harithiya Central Stock Exchange closed in Baghdad at 147,400 Iraqi dinars for 100 US dollars.
While the price of the dollar recorded this morning 147,300 Iraqi dinars for every 100 dollars.
Our correspondent noted; That the buying and selling prices stabilized in the banking shops in the local markets in Baghdad, where the selling price amounted to 147,750 Iraqi dinars, while the purchase prices amounted to 146750 dinars per 100 US dollars. shafaq.com
butterfly Al-Rafidain Bank clarifies about opening savings accounts and current accounts and increases their interest rate
Thursday, June 24, 2021 | 09:51 AM Al-Rafidain Bank clarifies about opening savings accounts and current accounts and increases their interest rateRafidain Bank announced, on Thursday, raising the interests of savings accounts and its current account .
The bank said in a statement, “It was decided to increase the interest rate on deposits for a period of six months to become 4.5 percent, as well as to increase the interest rate on fixed deposits for a period of one year to reach 5.5 percent .” The statement added, “The interest rate on deposits for two years has been increased to 6.5 percent.” aynaliraqnews.com
Butterfly Announcing the signing of the largest contract for the production of clean energy with a capacity of 2000 megawatts
Thursday 24 June 2021 18:13....The Chairman of the Ministerial Council for Energy, Minister of Oil, Ihsan Abdul-Jabbar Ismail, announced that the government's plans aimed at increasing and enhancing the national production of clean energy are proceeding.
He said during his sponsorship of the signing ceremony between the Ministry of Electricity and the UAE company Masdar on a contract to generate 2000 megawatts through the establishment of investment projects for solar energy in central and southern Iraq.
Ismail pointed out that Iraq is implementing a plan to replace clean energy instead of energy produced by fossil fuels at a rate of (20-25) percent of the energy produced, which is equivalent to (10-12) kilowatts.
He added that the signing with the UAE company Masdar, which is one of the discreet specialized international companies, is an important step for the development of the clean energy investment sector and the exploitation of solar energy in Iraq.
For his part, the Minister of Energy and Infrastructure of the United Arab Emirates, Suhail Al Mazrouei, praised, via the television circuit,
the distinguished relations between the two brotherly countries, stressing his government’s support for bilateral cooperation projects in the clean energy generation sector, and that Masdar Company will harness all its technical and engineering capabilities to implement these projects.
butterfly While the head of the National Investment Commission, Suha Al-Najjar stressed the importance of the investment contract for clean energy generation with the UAE company Masdar, which achieves the government’s goals in obtaining clean energy at a lower cost, as well as adopting clean environment, health and safety standards, and Al-Najjar revealed the government’s plans to sign more contracts. Which contribute to the enhancement of generating energy, and to cover the local need.
butterfly A member of the Parliamentary Finance Committee rules out the return of the dollar to its previous price
Thursday 24 June 2021 18:35......A member of the Parliamentary Finance Committee, Jamal Kougar, ruled out the return of the dollar exchange rate against the dinar to the previous rate.
Cougar said in a statement to the National Iraqi News Agency ( NINA ) that "all the discussions that took place recently will not be fruitful with the return of the dollar's exchange rate against the dinar to its previous rate, even after the rise in the price of oil."
He stressed that all measures taken will not work without a government decision from the Ministry of Finance and the Central Bank to reduce the price of the dollar to 118 thousand dinars, the official price previously.”
The Finance Committee hosted last Tuesday the governor of the Central Bank to discuss the repercussions of the dollar’s rise.
butterfly From Najaf .. Commerce launches the application of a catering program on smart phones in the province
Thursday 24 June 2021 20:21........The Ministry of Commerce announced, today, Thursday, the launch of a catering program on smart phones in Najaf Governorate, after issuing electronic ration cards for holders of the unified national card, in cooperation with the World Food Program.
The ministry said in a statement that "the announcement of the launch of a catering program was sponsored by the Minister of Commerce Alaa Al-Jubouri and the Najaf Governorate, during the joint press conference of the Ministry of Commerce, the provincial office and representatives of the World Food Program and in the presence of Representative Sana Al-Moussawi."
The Administrative Undersecretary of the Ministry, Walid Al-Moussawi, stressed during the conference that the project came to facilitate and simplify the procedures for citizens in implementing the ration card transactions in a modern, advanced and transparent manner using technology, eliminating red tape in paper use and deleting and deleting repetition, which will provide a solid database on which many parties depend, in addition to being Negative manifestations and corruption.
He pointed out that "the Ministry of Commerce worked on this project with the World Food Program and through the Planning and Follow-up Department and the Information Technology Department in the ministry. Over the two years, it included several meetings, meetings, agreements and training of staff to update data and registration, leading to the issuance of the electronic ration card, and then its application today on smart phones." .
For his part, the "Governor of Najaf, Louay Al-Yasiri, confirmed the support of the Ministry of Commerce in this project to activate the ration vocabulary and its promising project for the food basket, which was approved by the Council of Ministers.
butterfly " "The application includes the citizen's profile and the main page of the application includes the operations of the ration card, halving, transferring, adding or deleting and other other operations. After entering any of these operations, it leads the user to another interface that includes the time taken to complete the process, collection fees and instructions for it."As this application defies all odds and exceptional circumstances and spares the citizen the routine procedures in the implementation of paper ration card transactions that burden him, reduce corruption and waste of public money, prevent direct contact with employees and eliminate paper transactions.
While representatives of the "World Food Program confirmed that one of the sustainable goals of the food program is to support food security in Iraq through partnership with the government to develop the ration card system and through digital ration card and building the updated database with real data for social protection services systems and through the electronic ration card and the national number and through A cell phone device to promote the ration card transactions, payment and collection, that is, the head of the family can complete his transaction from anywhere without consulting the Planning and Follow-up Department or its branches and supply centers to complete the transaction, which saves the citizen effort and trouble.
butterfly The opening of a commercial complex in the center of Basra, at a cost of 4 million dollars
Thursday 24 June 2021 21:06 ...............The Basra Investment Commission inaugurated Thursday evening a commercial complex in the center of the province at a cost of $4 million and in a modern and advanced urban style as part of its efforts to support the commercial investment sector.
The head of the Investment Authority, Alaa Abdul-Hussein, said in a statement, "The authority seeks to support the trade sector and revitalize the economic movement in the country through the private sector, noting that the project, which was built on an area of 1,800 meters, contains well-known Gulf and Iraqi brands and provides many job opportunities."
On the one hand, the managing director of the investing company, Hassanein Ali, said, “The importance of the complex is that it serves its visitors and employees alike, noting that the company adopted the construction in a modern and sophisticated manner and within a record time to be an ideal destination and a great start for commercial work in the region, as it contains a marketing center for families And restaurants and offices in addition to a banquet hall, a coffee shop and an integrated sports hall.
Basra governorate witnessed the opening of a number of investment projects during this year, most notably the Basra Airport Hotel and a commercial exchange area in the border area of Shalamjah.\
Sheila https://nicksintel.wordpress.com/2021/06/24/06-24-2021-update/ --
DISCERNMENT ADVISED: NICKS UPDATE, THURSDAY, JUNE 24, 2021 --
Our military intel contact said that MarkZ’s info from paymasters and group leaders fits his info that they may be able to start T4B and bond holders accessing by tomorrow Fri 25 June, in which case we would NOT have to wait till a Mon 28 June start that some are putting out there (a guess or misinfo he said)—MZ Thu morning 24 June: “I have a lot of paymasters and group leaders reporting to meetings this afternoon [Thu 24 June].
We hope to get some solid news after that. . . . hopefully we will not see him [Mr. C] in the morning [Fri 25 June] because we have already gone…..” ( https://dinarrecaps.com/our-blog/coffee-with-markz-thursday-morning-chat-6-24-2021 )—so MarkZ’s info like our guy’s info is suggesting a possible start tomorrow if all goes as planned; . ..He said he would update further later.
Sheila REPOST, DISCERNMENT ADVISED: 06/21/2021 Update #3
Our military intel contact is confirming Mr. Fleming’s sources saying that Iraq’s CBI, as of 4 am this morning Tue 22 June, had submitted it’s RV rate for the Dinar behind the scenes at $6.10 (up from last Saturday’s [19 June] $3.90 rate [US default rate $28.00-to-$32.00, contract rate $58.00-to-$60.00]); his info matches Mr. Fleming’s sources that FOREX went live at 1:23 pm EST today Tue 22 June with adjusted rates globally but not yet visible in the USA;
our guy’s info is still that the IQN rate will not be posted publicly for the USA FOREX market till the other 22 RV currency rates are populating FOREX and the T4B exchanges are ready to start (expected as early as tomorrow Wed 23 June), and FOREX rates in the USA will go live shortly before the shotgun start and
T4B SafeLink 800# notifications are set to be sent out from WF servers, still expected at any moment–as MarkZ, Sheila, Holly, Bruce, and other sources are also saying it could start “any moment now”–any moment our guy said over the next 24-36 hours, right after German bonds and Yellow Dragon bonds start paying out 1% to bond sellers, if all goes as planned;
MORE TEXT... CLICK HERE TO READ: https://nicksintel.wordpress.com/2021/06/22/06-21-2021-update-3/
NORV Economists call for the issuance of a new Iraqi currency
24/6/2021 13:12:00 Economists call for the issuance of a new Iraqi operation
Economists called for issuing a new currency for Iraq and linking it to a basket of currencies to maintain the stability of its exchange rate, without the need to remove zeros from the current Iraqi dinar.
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Sunday, that the Central Bank of Iraq has developed a project to delete three zeros from the Iraqi currency in order to reform the cash payments system, pointing out that the implementation of the project needs two conditions, the first is price stability and global economic growth, and the second is appropriate stability in Political life.
Economic analyst Mazen Al-Ashikar, in an interview with PUKmedia , said that the idea is not to remove zeros from the dinar. We want to issue a new Iraqi currency, and the new dinar could be equivalent to 1000 dinars of the current dinar or more, and this is not a condition that it be linked to deleting zeros.
He added, "A new currency must be issued for Iraq that is linked to a basket of currencies, as is the case in several countries in the Middle East, in the UAE, for example, the dirham has been linked to the dollar and its price has been fixed for about 20 years,"
noting that they suggested that the price of the new dinar be equal to 50 cents of the dollar, and 25 A pence from the Australian pound, and 25 cents from the euro and is linked to the euro, sterling and dollar basket, and in this case, the higher the price of these currencies, the higher the price of the Iraqi dinar, and the dinar will turn into a hard currency, and all government contracts will be signed in dinars and there will be no need for a currency auction that witnesses corruption and thefts."
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