Zig’s Place Chatroom News Tuesday AM 12-14-21

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

Sheila   gotta go to work - talk later

Doug_W    sheila be well

Sheila   Doug_W will do my best. Waiting to see what happens by tomorrow, Wed., Dec 15, 2021. World events?  Rumors abound.   Rumors in abundance today. later... lol

Doug_W   bye now

Bobby Cahill   I have a rumor......."Today, Tuesday, the Central Bank of Iraq announced that it had prepared a draft currency structure study, while determining the negative effects when the dollar was re-exchanged to 1200 dinars.  And the bank said in a statement that it followed (the Iraqi News Agency / INA) that "the central bank has completed the preparation of a draft currency structure study," noting that "the timing of the implementation of the project depends on the bank's policy and the political and economic conditions of the country. He added, "The bank has no intention of issuing new denominations of the currency," noting that "continuing to provide new banknotes to compensate for the damaged banknotes."

Doug_W   fingers crossed

Bobby Cahill   I know, my rumors suck     But.......maybe they are just putting out false info to fool us. Yeah that's the ticket

butterfly   Will The Security Council Remove Iraq From Chapter VII?

12/14/2021 | 3:34 PM   Will The Security Council Remove Iraq From Chapter VIIJawad Al-Hindawi

The Iraqi Ministry of Finance paid the last amount of Kuwait war compensation, which amounted to 45 million dollars.

Iraq has paid, from 1996 until the first week of 2021, an amount of 52.4 billion US dollars in compensation. This is what Dr. Mazhar Muhammad Salih, the financial advisor to the Prime Minister, wrote in an article for him, published by the Iraqi Economists Network, on 12/11/2021, and under the title: Iraq’s End of Kuwait War Compensations…p. 1).

Forcibly, Iraq has fulfilled all its legal, political and financial obligations imposed on it by the resolutions of the Security Council and the United Nations, following the previous regime’s invasion of Kuwait. Iraq under duress accepted Security Council Resolution No. 687 of 1991 to form a border demarcation committee between Iraq and Kuwait, and the permanent representative of Iraq at the United Nations read a message,

in which he stated, “Just as we accepted Resolution 687 of 1991, despite our objections to it and our rejection of its contents, we will cooperate with you.” We name our representative in the demarcation committee, even if you did not take into account the opinions and observations mentioned above. We do this because of the persistence of conditions that compel us to accept.”

butterfly   Iraq did not make public its declaration in writing that it accepted under duress except for Resolution No. 687 of 1991, which delineates the border between Iraq and Kuwait, due to its awareness and knowledge that the Security Council has exceeded the limits of its powers and authority stipulated in the Charter of the United Nations, and it is not within its powers to demarcate the borders between two countries, and it was possible for Iraq,

And after leaving Chapter VII, to file a case before the International Court of Justice in The Hague, for the purpose of canceling the results and consequences of the border demarcation committee between Iraq and Kuwait, on the grounds that Iraq was not satisfied and that its agreement at that time to demarcate the border was under duress.

Now, after Iraq has ended all its financial obligations towards Kuwait, the Security Council must issue a decision to completely remove Iraq from the provisions of Chapter VII and to end the work of all financial and banking committees and institutions that exercise the role of guardianship over oil revenues and freedom of import and to conduct financial and monetary transactions. And that the resolution clearly states that Iraq has fulfilled all its obligations and that it is no longer under the provisions of Chapter VII.

butterfly   I refer here to what Mr. Abdul Basit Turki, Chairman of the Committee of Financial Experts in Iraq, emphasized in an interview conducted by Al-Sharq al-Awsat newspaper on 12/9/2021, that the Security Council should issue a resolution to remove Iraq from Chapter VII, and that this resolution stipulates the protection of Iraq From any other compensation claims, whether for individuals or institutions.

Will America agree to remove Iraq from Chapter VII, in accordance with a resolution issued clearly by the Security Council, as stipulated in the Charter of the United Nations? That is, just as Iraq was placed under Chapter VII and according to an explicit and clear decision, its exit from the provisions of Chapter VII must be according to a clear and explicit decision as well.

We certainly hope so, but we have doubts about the US position that wants (perhaps) for Iraq to continue free from Chapter VII sanctions, but it remains subject to some financial, monetary and political restrictions. Especially since Resolution No. 660 issued on 2/8/1990 condemned Iraq for its occupation of Kuwait, and also stated that Iraq constitutes a threat to world peace and security.

Perhaps America invokes the phrase “Iraq’s threat to world peace and security” and the claim that the situation of Iraq still poses a threat to world peace and security to completely disrupt its exit from Chapter VII, and the continued exercise of the role of guardianship and interference under the cover of the UN resolution.

butterfly   almaalomah.me

butterfly   The Culture Of Savings And The Dinar Crisis!

12/14/2021 | 4:22 PM   The Culture Of Savings And The Dinar CrisisDr. Muhammad Falhi…

Al-Rafidain Bank called on citizens to save, and announced a few days ago, financial benefits amounting to (4%) for citizens who deposit their money with the bank. Needs more clarification!

Money is the backbone of contemporary life, and the economic cycle in society, like the blood circulation in a living body, should be smooth and regular, and there is no doubt that the reluctance of most citizens to deal with Iraqi banks, and the absence of a culture of saving, is one of the most important aspects of the financial crisis. It is huge that is traded in the hands of people on the street, and does not enter into the accounts and treasuries of banks, among them and the most important of which is the Rafidain Bank, and this is an economic, social and media problem at the same time!

The future bank calls on citizens to save in a brief news of a few lines, and it may expect, after that, that citizens will carry bags filled with dinars and rush to banks, to put their money in safe safes, and return to their homes happy, dreaming of the promised profits, despite their insignificance compared to the banks of the world. Which works to constantly increase the interest, especially in times of crisis, in order to circulate and save money at the bank, and not at home, as the Iraqis do!

butterfly   Savings in banks requires a new economic culture, changing social habits, and activating the process of persuasion through the media, in order to change financial behavior, and a shift takes place in society from paper money to electronic transactions, and for every citizen to have an electronic bank account.

Persuasion in the savings process requires a media and advertising plan that aims to provide news, information, facts and benefits that the citizen derives when he deposits his money in the bank. For good handling and administrative interaction, and reducing paper-based routine procedures to the minimum possible in the operations of account opening, depositing, withdrawal and balance follow-up.

There is a lack of trust between the citizen and the banks, in general, and there are bridges cut between the two parties, for a long time, that should be restored and increased, by creating interactive windows for media communication to gain the approval of the public, before the citizen takes the initiative to put his savings in the bank’s coffers, even if you look at the websites For most Iraqi banks, I found them neglected, reflecting a bleak image of the bank, its management, procedures, and slow complex transactions!   almaalomah.me

butterfly   Postponing the ratification of the election results serves the losing forces in Iraq

12-14-2021   Postponing the ratification of the election results serves the losing forces in IraqThe Federal Supreme Court of Iraq has again postponed consideration of a lawsuit filed by the “Al-Fateh” coalition, the political front representing the militias loyal to Iran, to annul the results of the legislative elections that took place on the tenth of last October.

The repeated delay in resolving the issue of the elections raises discrepancies between the political forces in Iraq. While the Al-Fateh Alliance believes that it is necessary not to rush to issue judgments before completing consideration of all the details of the electoral process and the evidence it provided regarding allegations of fraud, the Sadrist movement is considered the winner in the merit that The delay of the Federal Court in issuing its decision is in the context of deepening the crisis.

Observers believe that these discrepancies regarding the position of the Federal Court are self-evident, as the Al-Fateh coalition, which filed the lawsuit, considers that it is in its interest not to issue a judicial decision in the current circumstance, due to the ripening of the arrangements being discussed behind the scenes regarding his presence in the upcoming political scene, and he is trying to exploit this margin of time. To attract more forces to strengthen his negotiating cards, and to maintain a state of pressure on the winning forces.

butterfly   On the other hand, the Sadrist movement, which topped the electoral scene with 73 seats, finds that prolonging the court’s decision on the electoral issues before it will restrain its moves in building a broad coalition through which it can impose its agenda based on forming a majority government, especially since some major powers (Sunni and Kurdish) do not Want to resolve its position on the alliances until the issuance of the judicial decision.

Muhammad Mahdi al-Bayati: The court’s acceleration of resolving the election issue will serve a certain party

The Al-Fateh Alliance, which suffered a severe electoral loss in the entitlement, filed a case a few weeks ago before the Federal Court to cancel the election results announced by the High Commission, claiming that it possessed evidence of massive fraud.

Judge Jassim Muhammad Aboud said at the conclusion of Monday’s session, “The court decided to postpone the date of the pleading to the twenty-second of December for the purpose of allowing the plaintiff’s agents to present their last pleas,” and for the court to complete the consideration of the case “in accordance with what was stated in the regulations presented at this session.”

This is the second time that the court has postponed hearing the case.

Lawyer Muhammad Majid Al-Saadi, representative of the parties submitting the complaint, confirmed that the aim of the lawsuit is to “cancel the election results.” Al-Saadi explained, “It became clear that there were very serious and major violations that would cause a change in the general result” after reviewing the summaries of expert reports requested by the Electoral Commission.

butterfly   Observers believe that the plaintiffs’ lawyers deliberately prolonged the case, and the purpose of this may also be to wait for clarity of vision on what will lead to the indirect US-Iranian negotiations in Vienna, in the hope that it will include a new deal that includes maintaining the current balances in Iraq.

The leader of the Al-Fateh Alliance, Muhammad Mahdi Al-Bayati, had earlier suggested that the court would postpone its decision on the lawsuit.

In statements to local media, Al-Bayati considered that “many papers submitted to the Federal Court regarding the elections cannot be considered within a few days.” He believed that the court speeding up the decision in the case would serve a certain party, in what seemed to be a reference to the Sadrist movement.

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The Federal Court should resolve complaints before it ratifies the final results of the elections so that the new parliament can convene, and to launch negotiations to agree on the three presidencies (the government, parliament and the presidency).

Officials in the Al-Fateh Alliance had presented, in a recent press conference, an explanation of the points on which they base their call regarding the results, noting that there were malfunctions in the electronic voting.

They said that the electronic fingerprints of some voters were not read, and they also wondered about the reasons for bringing in a new electronic device called “C1000″ days before the elections and the failures that occurred in its use.

butterfly   In addition to the Al-Fateh coalition, other parties have also submitted complaints to the Federal Court to object to the results.

In November, the United Nations Special Envoy to Iraq, Jenin Plasschaert, defended the work of the Electoral Commission, saying that there were no indications of “systematic fraud.”

During a meeting a few days ago with the leader of the Sadrist movement, Muqtada al-Sadr, the envoy reiterated the integrity of the electoral process, stressing that the postponement of the Federal Court to resolve the results of the entitlement is “inappropriate.”   rawabetcenter.com

butterfly   Iraqi Dinar/US Dollar auction results for Wednesday 12-15-2021 executed today 12-14-2021

25k Iraqi Dinar notesThe results of the foreign currency sale window Wednesday 15/12/2021 and executed today

Announcement No. (4548)  Sale date – Wednesday 15/12/2021 and executed today

the details   Amount

Total sales for the purposes of strengthening balances abroad (remittances, credits)  144,326,190

Total cash sale  60,760,000

total total sales  205,086,190

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/1174

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