Zig’s Place Chatroom News Tuesday AM 1-11-22

Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here

Butterfly   CBI sales inched up today 2022-01-11 06:13

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

Shafaq News Agency correspondent said that the CBI sales of foreign currency in today's auction amounted to 210,686,370. The transactions were made at a weighted average of 1460 dinars to every dollar.

Our correspondent explained that 21 banks and 266 exchange companies cashed out $59.800 million, while the remaining $150,886,370 went to boost funds abroad in the form of credit and non-cash transactions, with 26 banks meeting those demands.

butterfly   In cooperation with Chinese company, Iraq to explore hydrocarbon blocs in the Gulf 2022-01-11 06:06

Shafaq News/ The head of the National Oil Company, Minister of Oil Ihsan Abdul-Jabbar Ismail, called for expediting the exploration and seismic surveys of the marine blocks in the Arab Gulf and completing the necessary measures for offshore operations.

Ismail's statements came during a workshop on developing the marine blocks earlier today, Tuesday. The workshop was organized by the Oil Exploration Company in cooperation with the Chinese company, CNOOC.

Minister Ismail called for commencing the procedures, locating exploration spots in the offshore part of the block, and accelerating the seismic surveys for the onshore part.

The Director-General of the state-owned Oil Exploration Company, Bassim Mohamed Khudeir, said that exploration operations in the offshore and onshore parts of the block shall be conducted through seismic surveys. Afterward, exploration wells should be drilled in each part.

The representative of CNOOC, Vincent Xie, said that the agreement concluded with Iraq is a joint study agreement on the marine exploration block in its offshore and onshore parts.

"The study reviewed during the workshop encompasses two parts: the first is offshore, which will be implemented by the CNOOC, and the second is onshore, which will be implemented by the Oil Exploration Company...A joint work team from both sides to achieve the study's objectives and reach fruitful results.

In 2019, Iraq signed a preliminary agreement with CNOOC to explore the maritime blocs, but subsequent meetings were not held due to the outbreak of COVID-19. In 2021, meetings were resumed to continue the preparations for the study.

butterfly   Dollar exchange rates in Iraq 2022-01-11 02:35

Shafaq News / The dollar exchange rates dropped slightly in the Iraqi market today, Tuesday (January 11, 2022).

• The Kifah Stock Exchange recorded 148,050 dinars for $ 100.

• The Al-Harthiya Stock Exchange recorded 148,050 dinars for 100 dollars.

In Baghdad   Selling prices in the banking stores in the local markets

•Sale price: 148,500 dinars for $ 100    •Purchase price: 147,500 dinars for $ 100

In Erbil   Selling prices in the banking stores in the local markets

•Sale price: 148,200 dinars for $ 100    •Purchase price: 148,050 dinars for $ 100

butterfly   Shakhwan: Parliament's first session was completely legitimate 2022-01-11 03:53

Shafaq News / The Second Deputy Speaker of Iraqi Parliament, Shakhwan Abdullah, said that yesterday's session was completely legitimate.

Abdullah said that the session was held following Article 54 of the Iraqi constitution.

He added that Mohammad al-Mashhadani was not qualified to run the session, since he was a candidate for the post of Parliament Speaker, and that is why the second elderly member, Khalid al-Daraji, was assigned to replace him under the supervision of legal advisers.

Yesterday, the Speaker of the Iraqi Parliament, Mohammad al-Halboosi, announced starting accepting candidacy forms for the Iraqi Presidency in 15 days.

According to political custom, the Presidency of the country is part of the Kurdish community's share.

The new Presidium consists of Mohammad al-Halboosi as speaker of Parliament, Hakim al-Zamili as the first deputy, and Shakhwan Abdullah as the second deputy.

butterfly   Al-Rasheed Bank launches building bonds for citizens with interest to be paid every six months

2022-01-11 07:42   Al-Rasheed Bank launches building bonds for citizens with interest to be paid every six monthsShafaq News/ Al-Rasheed Bank announced, on Tuesday, the resumption of work by receiving the purchase of (building bonds / the second issue) from the public.

The media office called on those wishing to purchase to review the bank’s branches in Baghdad and the provinces.

He added that the instructions set the value of the bond (500) five hundred thousand with interest (6%) to be paid to the customer every six months for a period of two years, and a bond amounting to (1,000,000) one million dinars with interest (7%) paid every six months for a period of four years.  shafaq.com

butterfly  Its delegation left Baghdad in anger.. Al-Sadr rejects Iranian mediation to ally with the “framework”: No to Al-Maliki

2022-01-11 07:32   Its delegation left Baghdad in anger.. Al-Sadr rejects Iranian mediation to ally with the framework -No to Al-MalikiShafaq News/ An informed political source revealed, on Monday, the visit of an Iranian diplomatic delegation, which included figures from the Revolutionary Guards, to the capital, Baghdad, for the purpose of bringing the views between the coordination framework and the leader of the Sadrist movement Muqtada al-Sadr, and uniting them in a bloc that constitutes the most numerous in the Iraqi parliament.

The source explained to Shafaq News Agency, “The Iranian delegation left the Iraqi capital, Baghdad, angry and upset after failing to bring the two sides closer together.”

The source told the agency, “Al-Sadr remained insistent on removing the leader of the State of Law coalition, Nuri al-Maliki, from the alliance between the framework and the current, and this was rejected by the framework, which stressed the importance of an alliance of all his forces with the Sadrist bloc.”

He added, “The failure to reach a solution between the two parties, and Sadr’s desire to isolate al-Maliki from the Shiite political house, greatly disturbed the Iranian delegation.”

The parliament’s first session of its fifth session, which was held on Sunday, witnessed the election of Muhammad al-Halbousi to head the parliament for a second term, and the leader of the Sadrist movement, Hakim al-Zamili, and the representative of the Kurdistan Democratic Party, Shakhwan Abdullah, as his two deputies.

butterfly   Parliament Speaker Muhammad al-Halbousi, after assuming the presidency of the session, announced the opening of the nomination for the position of the presidency, within 15 days, according to the constitutional timings.

The head of the Sadrist bloc, Hassan al-Athari, before the opening session was lifted by its elected president, Muhammad al-Halbousi, presented a list of the names and signatures of the most numerous parliamentary bloc, to the new parliament presidency.   shafaq.com

butterfly   The Iraqi parliament refers al-Mashhadani to the Parliamentary Conduct Committee

2022-01-11 04:49   The Iraqi parliament refers al-Mashhadani to the Parliamentary Conduct CommitteeShafaq News/ The presidency of the Iraqi parliament decided, on Tuesday, to refer the “eldest” speaker of the parliament, Mahmoud al-Mashhadani, to the Parliamentary Conduct Committee.

The Presidency of the House of Representatives said in a brief statement, received by Shafak News Agency, that it was decided to refer Representative Mahmoud al-Mashhadani to the Parliamentary Conduct Committee for violating the constitution and the parliament’s internal system.

And earlier today, Tuesday, the second deputy speaker of the Iraqi parliament, Shakhwan Abdullah, confirmed that the election session for the presidency of the Iraqi parliament is “legal and constitutional,” and indicated that Mahmoud al-Mashhadani had been replaced for his impartiality, according to an audio recording in parliament confirming that he is a candidate for the presidency of the parliament, and this does not qualify him to run. The session is to be entrusted with the management of the session to the second largest reserve, Khaled Al-Daraji.

The coordinating framework, which includes prominent Shiite forces, rejects the outcomes of the last parliament session and the election of the Presidency, and considers them constitutionally invalid procedures. The framework stressed that it would appeal to the session and what it called the imposition of wills and exclusivity.

The parliament’s first session, from its fifth session, witnessed the election of Muhammad al-Halbousi to the presidency of the parliament for a second term, the leader of the Sadrist movement, Hakim al-Zamili, and the representative of the Kurdistan Democratic Party, Shakhwan Abdullah, as his two deputies. to the hospital.   shafaq.com

butterfly   Economist: Al-Kazemi granted “huge privileges” to MPs, and the new parliament must cancel them

Posted, 2022-01-11   Economist - Al-Kazemi granted huge privileges to MPs and the new parliament must cancel themThe economic expert, Nabil Al-Ali, confirmed, on Monday, that the privileges of members of the House of Representatives were huge during the period of Al-Kazemi’s government, despite the difficult economic situation in the country.

Al-Ali told (Information) that “there are large sums of money spent on deputies, including improving living conditions and huge rent allowances, in addition to the nominal salaries of nearly 5 million dinars, as well as the money spent on special protections,” noting that “the order to reduce these privileges during the next government is due to to the leadership of the government and the political will.”

He added, “Al-Kazemi’s government was calling for strict measures against citizens’ expenses and employees’ salaries, and did not think of reducing the privileges of parliamentarians and creating a kind of equity with the people.”

He pointed out that “reducing these privileges is purely ethical, and there are no restrictions or laws that impose this matter.”   burathanews.com

Dave   butterfly glad to see that MALIKI is still getting further marginalized...just hope Iran does not increase their electricity rates on Iraq

butterfly   Iraq Is One Step Closer to Forming a New Government

Tuesday, Jan. 11, 2022 Negotiations to form a new government in Iraq have entered a final, decisive phase, with the process shaping up to be a dispiriting contest among several factions that unfortunately share broadly similar authoritarian characteristics.

The disputes over power-sharing arrangements and government positions are complicated, and the final lineup is still taking shape. But underlying the post-election jockeying for power, which ultimately determines the makeup of Iraq’s central government much more than the actual election results do, are three more fundamental questions about the future of Iraqi politics.

First, will Iraq continue to divide government positions among all of the country’s factions and parties, thereby giving electoral winners and losers alike access to power and the patronage that comes with it?

Second, will the post-election negotiations continue to center sectarian identity ahead of political factions, requiring each major group—Shiite Arabs, Sunni Arabs and Kurds—to arrive at an internal consensus before making deals with other identity groups?

And finally, will the political class writ large continue on its long-term trend toward violent authoritarianism? ... more in the article: https://www.worldpoliticsreview.com/trend-lines/30241/as-it-forms-a-new-government-iraq-faces-old-problems

butterfly   Lebanon, Iraq sign economic agreement

January 11, 2022 BEIRUT: Lebanon and Iraq signed a memorandum of understanding (MoU) on Sunday aimed at strengthening ties in the economic, industrial, scientific, environmental and technological fields, according to a statement released by Lebanon's Industry Ministry.

The MoU was signed by Iraqi Minister of Industry and Minerals Manhal Aziz al-Khabbaz and Lebanese Industry Minister George Bouchikian, who is on an official visit to Iraq to discuss ways of boosting ties between the two countries.

The MoU also intends to improve business cooperation between the two countries, according to the ministry's statement.

George Bouchikian said he discussed technical and economic issues with Iraqi officials in order to facilitate exchange and set up joint investments in the industrial and production sectors that meet both countries' demands, particularly in the pharmaceutical and food industries.

Iraq, according to al-Khabbaz, is looking forward to benefiting from Lebanon's pharmaceutical manufacturing expertise.

In addition, the two countries agreed to remove technical barriers to the flow of commodities between them. https://www.manilatimes.net/2022/01/11/business/foreign-business/lebanon-iraq-sign-economic-agreement/1828884

Dave   Disputes........Saleh or Zebari......thought Z got sacked/busted several yrs ago......?

butterfly   Al-Kadhimi meets with the Ambassador of the European Union to Iraq

January 11, 2022 Baghdad (IraqiNews.com) – Iraqi Prime Minister Mustafa Al-Kadhimi and Iraq’s Deputy Prime Minister and Finance Minister, Ali Allawi, received the Ambassador of the European Union to Iraq, Fillet Variola, and his accompanying delegation.

“The partnerships that bring Iraq together with the European Union open up more opportunities for cooperation in the future,” said Al-Kadhimi. The Iraqi Prime Minister highlighted that the interactions with the European Union will be long-term strategic relations.

The European Union Ambassador pointed out the growing positive regional role of Iraq while emphasizing a seven-year European plan aimed at providing institutional support to Iraq including programs to develop financial know-hows.

Furthermore, Ambassador Variola praised Iraq for being removed from the European Union’s list of high-risk countries in the field of terrorism financing and money laundering. In return, this allows increased trade and investment between Iraq and European countries. https://www.iraqinews.com/iraq/al-kadhimi-meets-with-the-ambassador-of-the-european-union-to-iraq/

Sheila   butterfly Can you confirm any of these questions from your researching?... Did Iraq and China cut an Oil Project Deal in the last year? If so, does that mean Iraq will depeg from US controlled petro-dollar? And, if that is so then will there be "contract rates" all the gurus have been touting for years?

butterfly  sheila I did see something about Iraq and China. I will look and see if I can find that information.

Sheila   @butterfly Contract rates, or not? Market rates could be really good, regardless of depegging?

Dave  as long as I get my Tier 1 rate.........i be PLEASED

butterfly  Dave there are no tiers.

Sheila   Dave This image might be of interest, if true:  https://i.ibb.co/71QBjRN/photo-2021-08-10-12-25-02.jpg 

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