Zig’s Place Chatroom News Tuesday AM 1-18-22

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Butterfly   The Framework Pledges To Restore The Price Of The Dollar To Its Previous Era “As Soon As Possible”

Economic Last Update 01/18/2022 | 11:44 AM   The representative of the State of Law coalition, Muhammad Hassan Al-Qadri Al-Shammari, confirmed, on Tuesday, that restoring the dollar exchange rate to its previous price is a basic requirement, noting that the forces of the coordination framework will work to restore it as soon as possible.

Al-Shammari said in a statement to "Al-Maalouma", that "the current parliament is able to return the exchange rate of the dollar to its previous price, which is a popular demand in the first place," noting that "the exchange rate has harmed a large segment of the people and cannot continue for a longer period."

He added that "the framework will work to pressure the competent authorities to return it to its previous price," noting that "one of our priorities as deputies is to work on restoring the exchange rate of the dollar against the Iraqi dinar in the service of our people."

And the representative of the State of Law coalition, Firas Al-Maslmawi, confirmed in a previous statement that his coalition and other representatives within the same direction will not allow the budget to be passed for the current year except after a reduction in the exchange rate of the dollar against the Iraqi dinar. https://almaalomah.me/2022/01/18/577221/

butterfly   Excitement.....are you excited yet?

Zig   butterfly : No...lol...    don’t count your chickens before they :Hatch:

Butterfly   Zig I've already counted....lol....

butterfly   Their news is always late to what is known out there.

butterfly   Economist: The Financial Recovery Gives The Government An Opportunity To Develop Services And Eliminate Unemployment

Economic  Last Update 01/18/2022 | 8:44 AM

The economic expert Wissam Al-Tamimi confirmed that Iraq is experiencing an unprecedented financial recovery after the significant rise in oil prices, pointing out that the government has a great opportunity to develop infrastructure, solve the service crisis and eliminate unemployment.

Al-Tamimi said to (Information), that "the central bank has exceeded its reserves of 60 billion dollars, in addition to the fact that oil recorded great numbers after exceeding the threshold of 85 dollars per barrel, and it is likely to reach the 100 in the coming days."

He added that "Iraq is experiencing a financial recovery at a time when it was able to pay off Kuwait's debts, and the rise in oil prices globally, as well as the Iraqi government's raising of the dollar exchange rate in the markets."

And he indicated that "the next government is in front of an opportunity that should be invested, as it is possible to exploit the financial abundance in developing infrastructure and creating new residential areas to eliminate the housing crisis, and set a specific price for real estate, in addition to that projects to build roads and infrastructure will create thousands of job opportunities for various disciplines." https://almaalomah.me/2022/01/18/577183/

butterfly   Zig He added that "Iraq is experiencing a financial recovery at a time when it was able to pay off Kuwait's debts, and the rise in oil prices globally, as well as the Iraqi government's raising of the dollar exchange rate in the markets."

Zig   butterfly    :Thankyou: ....We wait    :Waiting:

butterfly   CBI sells +215 million dollars in Tuesday's currency auction 2022-01-18 06:14

Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $215 million in foreign currency today, Tuesday.

Shafaq News Agency correspondent said that the CBI sales of foreign currency in today's auction amounted to 215,547,015, 2.68% above yesterday's $212,729,735. The transactions were made at a weighted average of 1460 dinars to every dollar.

Our correspondent explained that 19 banks and 199 exchange companies cashed out $52.18 million, while the remaining $163,367,015 went to boost funds abroad in the form of credit and non-cash transactions, with 28 banks meeting those requests. https://www.shafaq.com/en/Economy/CBI-sells-215-million-dollars-in-Tuesday-s-currency-auction

Butterfly   Al-Abadi is out of the political calculations as a candidate to head the next Iraqi government

2022-01-18 07:40   Al-Abadi is out of the political calculations as a candidate to head the next Iraqi governmentShafaq News/ A source in the Sadrist movement led by Muqtada al-Sadr revealed, on Tuesday, that the head of the “Victory” coalition Haider al-Abadi has become outside the accounts of the political blocs as a candidate for the position of prime minister of the next Iraqi government.

The source told Shafaq News Agency, “The number of candidates for the position of Prime Minister does not exceed the fingers of a hand,” without mentioning their names.

He added that “Al-Sadr is the first and last decision-maker in choosing the person he deems appropriate to head the next government according to the perspective of the national majority,” apparently in reference to Al-Sadr’s refusal to nominate Al-Abadi for the position of prime minister of the new federal government.

Haider al-Abadi, former Prime Minister of Iraq, and one of the leaders of the coordination framework that includes Shiite political forces opposed to the results of the legislative elections that took place last year.

A source in the coordination framework had previously told Shafaq News Agency, that the framework had tried to push both Haider al-Abadi or Muhammad Tawfiq Allawi as settlement candidates, in front of a mini-list with al-Sadr that included Mustafa al-Kazemi with Sadrist figures.

The head of the Al-Fateh Alliance had made a quick visit to Erbil yesterday, Monday, during which he met with the Kurdish leader Massoud Barzani, the President of Kurdistan Region, Nechirvan Barzani, and the President of the Regional Government, Masrour Barzani.

butterfly   Al-Amiri had proposed, during his meetings in Erbil, the name of Haider al-Abadi, a compromise candidate for prime minister, but this was met with the rejection of leader Massoud Barzani, according to another source.

The framework is trying to persuade al-Sadr to form a “settlement government” in the event that entry into a unified Shiite bloc comprising all parties fails, and this proposal enjoys the support of specific Iranian parties.

However, the private discussions between al-Sadr and the coordination framework did not reach a specific agreement, in addition to al-Sadr’s rejection of the framework’s attempts to include Nuri al-Maliki in the new government synthesis.

The dispute raged between the two Shiite poles represented by the Sadrist movement, which won the highest votes in the elections that took place on the tenth of October last year, and the coordination framework that includes blocs that expressed their rejection of the election results.

The leader of the Sadrist movement, Muqtada al-Sadr, insists on forming a majority government that excludes figures from the coordination framework who played an active role in the political process over the past years.

butterfly   On the tenth of last October, Iraq held early legislative elections to get out of a political crisis that swept the country after large demonstrations in the central and southern regions in 2019 in protest against the widespread unemployment in society, the spread of financial and administrative corruption in government departments and institutions, and the deteriorating reality The service and the livelihood, which prompted the former prime minister, Adel Abdul-Mahdi, to resign under popular pressure.

As soon as the preliminary results of the recent elections were announced, the voices of political forces and actors rose in their rejection of losing many seats, accusing them of major fraud in the ballot, which was denied by the executive and judicial authorities, at a time when the United Nations and international organizations praised the integrity of the electoral process.   shafaq.com

butterfly   The coordination framework clarifies the fact that he agreed with the Sadrist movement regarding the position of prime minister

2022-01-18   The coordination framework clarifies the fact that he agreed with the Sadrist movement regarding the position of prime ministerToday, Tuesday, the coordination framework clarified the fact that there was an agreement between it and the Sadrist movement regarding the position of prime minister.

Member of the framework, Rasoul Radi, said in a press interview, “All the names put forward regarding the prime minister’s post are not official and are based on leaks and sources far from reality.”

Radi added, “There are negotiations about the position and tours between the political forces to northern Iraq, in addition to the presence of interventions by the Iranian side to unify the framework with the current.”

A member of the coordinating framework confirmed, “There is an opinion that some names should be submitted from the Sadrist movement, and that the framework has the right to refuse or approve.”

burathanews.com

butterfly   Iraqi Dinar/US Dollar auction results for Tuesday 1-18-2022 executed today 1-17-2022

United States DollarThe results of the foreign currency sale window on Tuesday 18/2022 and implemented today   Advertisement No. (4569)  

Sale date – Tuesday 18/2022 and executed today   the details   Amount

Total sales for the purposes of strengthening balances abroad (remittances, credits)  163,367,015

Total cash sale  52,180,000    total total sales  215,547,015

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/1196

Dave   A political source told Shafaq News Agency that Qaani held in the house of Haider al-Abadi intensive discussions with the heads of the Coordination Framework and in the presence of leaders of the armed Shiite factions then immediately headed to Al-Hanana to meet al-Sadr.

A source in Al-Sadr’s office told our Agency, “Qaani came to Al-Sadr to find a solution to the Shiite-Shiite differences and reunifying the Shiite house according to the political agreements since 2003, but Al-Sadr rejected the scenario of forming a consensus government.”

He added that “Qaani failed to change al-Sadr’s position on some leaders of the Framework, specifically on the leader of the state of law Nouri al-Maliki, in addition on referring the files of financial and security corruption to the competent authorities.”

Dave   referring the files of financial and security corruption to the competent authorities.”

Dave   not sure what that means

butterfly   Dave I guess we will have to wait bc they said nothing is going to be done with the government until February.

Dave   butterfly good that Sadr is Drawing a line in the Sand prior to Feb

Dave   also doubt Sadr will be a proponent of postpone and delay

Dave   Did find it odd that the Kurds congratulate Nouri on his nomination as leader of his party though

Dave   butterfly Find it interesting that the only folks moaning in Sadr wishing to form a majority GOVT are within Maliki and Shia blocs..........?

Dave   33 seats........

butterfly   It is all a toss up at this time in the game of politics in Iraq.

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