Zig’s Place Chatroom News Tuesday AM 10-5-21

Zig’s Place Chatroom News Tuesday AM 10-5-21

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Butterfly   Finance: The change in the dollar exchange rate led to a decrease in the demand for foreign currency and was positively reflected on the decrease in imports

Tuesday 05 October 2021 10:45 The Ministry of Finance confirmed that the devaluation of the currency against the dollar helped reduce the demand for foreign currency and positively affected the decrease in imports and the increase in local production.

And it said in a statement that it has constantly followed the indicators of devaluation against the dollar and over the past nine months, and the indicators show that the change in the exchange rate contributed to increasing the foreign reserves with the Central Bank of Iraq to “60” billion dollars in April 2021, after it was “54” billion dollars. In December 2020, this came after the implementation of the reform measures.

“The change in the exchange rate helped lower the demand for foreign currency and positively reflected on the decline in imports and the increase in domestic production,” the statement said.

He added that the indicators indicated Thassanoadh in commercial activity in the past nine months of the year 2021 in light of the crisis spread virus "COVID-19" has also helped to stop the Iraqi market shed and dumping of cheap goods that inhibit attempts to improve domestic production. "

https://ninanews.com/Website/News/Details?key=930896

butterfly   The statement continued:" The ministry is working to reinvest the generated revenues with the aim of building a targeted production base outside the oil sector and relying on other sectors, which will contribute to a decrease in demand for the dollar as a result of compensating some of the goods produced, which made the proportion of imports to local consumption decline.

The statement indicated that "since the formation of the current government, the ministry has adopted plans and mechanisms to work on reforming Iraq's fiscal policy, and culminated in the adoption of the reform paper, the "white paper", which outlined future economic and financial policy steps to advance local production and reduce imports for the country. This measure also contributed to improving the state of the general budget. Reducing imports and moving towards encouraging local products and providing job opportunities

butterfly   https://ninanews.com/Website/News/Details?key=930982

Al-Maliki stresses the need for the oversight role of UNAMI and the European Union to be supportive of the elections and to ensure their integrity

Tuesday 05 October 2021 16:25 Head of the State of Law Coalition, Nuri al-Maliki, stressed the need for the oversight role of the UNAMI mission and the European Union to support the elections and to ensure their integrity. The head of the State of Law Coalition expressed his hope that:

"The upcoming electoral process will be completely different from all the bad practices that accompanied the 2018 elections, and that all attempts to manipulate, use political money, and tamper with the votes of the Iraqi people will be prevented."

He valued the efforts of the European Union and its keenness to support the electoral process, noting: "These efforts will be important in monitoring and ensuring the integrity and fairness of the elections, preventing fraud and promoting broad popular participation in them."

Al-Maliki said during his meeting in his office today, the head of the European Union Election Observation Mission, Ms. Viola von Kramon and her accompanying delegation: "The ongoing preparations for holding the elections are good, and the political forces had multiple meetings with the government, the Independent High Electoral Commission and the security committee supervising election security," stressing, According to a statement by his media office: "The electoral process should be transparent and fair, and the oversight role of UNAMI and the European Union should be supportive of it and to ensure its integrity."

butterfly   https://ninanews.com/Website/News/Details?key=930973

Al-Kazemi: There is no option to build a stable and prosperous Iraq except through the ballot boxes

Tuesday 05 October 2021 Prime Minister Mustafa Al-Kazemi affirmed that: "We have no choice to build a stable and prosperous Iraq except through the ballot boxes."

Al-Kazemi said during the cabinet session: "We will stand firmly in the face of any attempt to influence the votes of the electorate."

butterfly   2021-10-05 03:32   Shafaq News/ Dollar exchange rates climbed today, October 05, 2021, on the Iraqi market.   The Kifah Stock Exchange recorded 148,200 dinars for $ 100.

• The Al-Harthiya Stock Exchange recorded 148,200 dinars for 100 dollars.

In Baghdad   The Selling prices at bank stores on local markets:

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

In Erbil  The Selling prices at bank stores on local markets:  •Sale price: 148,300 dinars per $100.

https://www.shafaq.com/en/Economy/Dollar-exchange-rates-in-Iraq-3-1-0

• Purchase price: 148,000 dinars per $100.

butterfly   2021-10-04 10:34  Shafaq News/ In an open speech to the Iraqis earlier today, Monday, Kurdistan's Prime Minister, Masrour Barzani, called for respecting the "constitution, partnership, and consensus".

In the speech he delivered in Arabic, PM Barzani said, "I would like to deliver the message of the Kurdistan Region to all the brothers and Sisters all over Iraq. The message of Kurdistan is a message of peace, coexistence, stability, and construction."

"We demand implementing all the articles of the constitution and returning to true partnership, consensus, and balance."

PM Barzani called for "voting for the candidates of the Kurdistan Democratic Party in other governorates, and working with us to export the successful experience of Kurdistan to all the governorates of Iraq."

"The Kurdistan Region was and will remain, under the leadership of our leader and President Masoud Barzani, a haven for all the communities and free people from all over Iraq." https://www.shafaq.com/en/Iraq-News/In-Arabic-PM-Barzani-sends-a-letter-to-all-Iraqis

Sheila   FIX THE MONEY, FIX THE WORLD -- Max Keiser and Greg Mannarino Tuesday 10-5-2021

Keiser Report | Fix the money, fix the world | E1758  Oct 5, 2021  In this episode of Keiser Report, Max and Stacy look at the appeals to ‘save the middle class’ with permanent Universal Basic Income (UBI).

In the second half, Max talks to Lawrence Lepard about his planned speech to goldbugs, “fix the money, fix the world.”    https://www.youtube.com/watch?v=99L3MtgVd9o

UNEEK   If a rich man is proud of his wealth, he should not be praised until it is known how he employs it. – Socrates

No man can tell whether he is rich or poor by turning to his ledger. It is the heart that makes a man rich. He is rich according to what he is, not according to what he has. -- H W Beecher

The use we make of our fortune determines as to its sufficiency. A little is enough if used wisely, and too much if expended foolishly. – Boovee

Worldly riches are like nuts; many clothes are torn in getting them, many a tooth broken in cracking them, but never a belly filled with eating them. – Venning

Riches do not delight us so much with their possession, as torment us with their loss. -- Gregory

UNEEK  As riches and favor forsake a man we discover him to be a fool, but nobody could find it out in his prosperity. -- Bruy'ere

Worldly wealth is the devil's bait; and those whose minds feed upon riches, recede in general from real happiness, in proportion as their stores increase; as the moon, when she is fullest of light, is farthest from the sun. -- Burton

Wealth is like a viper, which is harmless if a man knows how to take hold of it; but if he does not, it will twine round his hand and bite him. -- St Clement

Money and time are the heaviest burdens of life, and the unhappiest of all mortals are those who have more of either than they know how to use. -- Johnson

UNEEK There is no society, however free and democratic, where wealth will not create an aristocracy. -- Bulwer

Riches are gotten with pain, kept with care, and lost with grief. The cares of riches lie heavier upon a good man that the inconvenience of an honest poverty. -- L'Estrange

The wealth of a state consists not in great treasures, solid walls, fair palaces, weapons and armor; but its best and noblest wealth, and its truest safety, is in having learned, wise, honorable, and well - educated citizens.

Wealth consists not in having great possessions, but in having few wants. -- Epicurus

Wealth hath never given happiness, but often hastened misery; enough hath never cause misery, but often quickened happiness. – Tupper

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