Zig’s Place Chatroom News Tuesday AM 12-21-21
Zig’s Place Chatroom News Tuesday AM 12-21-21
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Butterfly The Ministry of Finance launches the second issue of (Binaa) bonds after the success of the first phase
Tuesday 21 December 2021 The Ministry of Finance directed the Public Debt Department, in cooperation with the Central Bank of Iraq, today, Tuesday, to launch the second issue of construction bonds tradable in the stock market.
A statement by the ministry said: This step comes after the success of the first issue of bonds that contributed to financing economic development operations and supporting investment projects, in addition to the increasing demand by citizens.
He added: The bonds will be available for trading for a period of one month, and the categories of bonds offered for trading are:
1- A bond of a class of (500,000) five hundred thousand dinars with an annual interest rate of 6% for a period of two years.
2- A bond of category (1000000) one million dinars with an interest of 7% for a period of 4 years.
She called on citizens wishing to purchase to submit their applications through authorized banks for the purpose of taking advantage of the investment opportunity. https://ninanews.com/Website/News/Details?key=946054
butterfly Al-Kazemi: 84,000 initial bonds were granted to citizens who registered in the “Dari” initiative
Tuesday 21 December 2021 Prime Minister Mustafa Al-Kazemi announced, in the cabinet session today, Tuesday, that 84,000 initial bonds will be granted to citizens who registered on the Dari Initiative website, and obtained the highest points. https://ninanews.com/Website/News/Details?key=946088
butterfly Japan pays more than 13 billion dollars to host US forces
Tuesday 21 December 2021 Japan and the United States of America have agreed that Tokyo will pay about 1.55 trillion yen (13.64 billion dollars) over five years, starting from April of next year, to host American military forces, the Japanese Broadcasting Corporation (NHK) reported.
The average annual amount is about 211 billion yen, the agency said, about 10 billion more than Japan is paying in the current fiscal year, which ends in March.
The agreement comes in light of the escalation of tensions between the two allies with the axis of China, Russia and North Korea. https://ninanews.com/Website/News/Details?key=945989
butterfly Nechirvan Barzani discusses with the Iranian ambassador the political process and efforts to form the new Iraqi government
Tuesday 21 December 2021 The President of the Kurdistan Region, Nechirvan Barzani, discussed today, Tuesday, with the Ambassador of the Islamic Republic of Iran, Iraj Masjedi, the political process and efforts to form the new Iraqi government.
During the meeting, according to a statement by the region’s presidency, they discussed Iraq and the Kurdistan region’s relations with the Islamic Republic of Iran, strengthening areas of joint cooperation, the latest steps of the political process in Iraq, efforts to form the new Iraqi government, Erbil-Baghdad relations, and the continuation of dialogue in order to solve problems between them, and the dangers of terrorism and attacks and recent ISIS attacks.
The two sides agreed on the importance of working to protect the security and stability of the region and to strengthen relations between the countries of the region on the basis of friendship and common interests. https://ninanews.com/Website/News/Details?key=946038
butterfly Ihsan Al-Shammari to / Nina /: The Federal Court should expedite the ratification of the election results and then consider the appeals
Tuesday 21 December 2021 Head of the Center for Political Thinking, Ihsan Al-Shammari, affirmed that the Federal Court should expedite the ratification of the election results, and then consider the appeals submitted regarding the results.
He told the National Iraqi News Agency ( NINA ) that: The steps of the Federal Court regarding the elections are proceeding with their legal frameworks, but the speedy ratification of the election results and then considering the appeals is what everyone is waiting for.
Al-Shammari added that the court should give positive messages of approval and then consider the appeals, which may be a long time to decide.
Al-Shammari expected that the Federal Court will decide on the ratification of the election results quickly and without delay.
Tomorrow, the Federal Supreme Court is scheduled to start pleading with the case to cancel the elections, which was submitted by the coordination framework. https://ninanews.com/Website/News/Details?key=946034
butterfly Syria, Iraqi discuss Increasing Trade 21st December 2021 in Iraq Industry & Trade News, Politics Iraq and Syria have discussed a possible increase in trade between the two countries.
Syria's state-controlled news agency SANA reports that Syrian Economy and Foreign Trade Minister, Dr. Mohammad Samer al-Khalil, met with the Chargé d'Affairs at the Iraqi Embassy in Damascus, Yassin Sharif al-Hujaimi, and discussed the facilitation of border crossings and a reduction in customs duties to help the export of Syrian goods to Iraq. Al-Hujaimi called for the development of economic relations through the Iraqi-Syrian Joint Committee. (Source: SANA)
butterfly Ex-Adviser: Raising The Dollar Ended The Economy And Caused A Rise In Unemployment And Poverty
Economic 12/21/2021 | The former Parliament Presidency advisor, Hammam Al-Shamma, described, on Tuesday, the decision to change the dollar’s exchange as an economic setback, indicating that the decision caused an increase in poverty and unemployment rates and ended the existence of the Iraqi economy in the first place.
Al-Shammaa said in an interview followed by "The Information", that "the change in the price of the dollar caused a severe setback for the Iraqi economy, and that the Minister of Finance is the only one who bears the responsibility for raising the dollar, and he violated the law when he decided to raise the price of the dollar and followed tricks to convince the blocs to raise the price of the dollar."
He added that “the white paper cannot be applied in light of the financial crisis,” noting that “the government misled the political blocs with the white paper, which caused the Iraqi economy to be locked up in the current exchange rate.”
Al-Shammaa indicated that “Iraq cannot recover, corruption is doubling day after day, and unemployment and poverty levels have risen to a very high ceiling,” noting that “the inflationary stagnation is a big problem that the Prime Minister and his advisors did not discuss.” https://almaalomah.me/2021/12/21/572083/
butterfly This Is What Al-Maliki Will Look For In Erbil
Politician 12/21/2021 | 3:34 PM On Tuesday, a member of the Kurdistan Democratic Party, Rebin Salam, revealed the most important things that the Coordinating Framework delegation will discuss during its visit tomorrow to Erbil.
Salam told the "Information" agency, "The Democratic Party is discussing with the visiting delegation the file of forming the next government, the need to expedite it, and the obstacles it faces."
He added, "So far, the Democratic Party has not supported any political party and has not allied itself with any bloc, and we are waiting for consultations with all parties to decide afterwards."
Tomorrow, a delegation from the coordination framework headed by Nuri al-Maliki will visit the city of Erbil to meet with Kurdish leaders and discuss the file of forming a government. https://almaalomah.me/2021/12/21/572106/
butterfly Al-Maliki's Coalition: Whoever Ventured Into Iraq's Economy Does Not Deserve To Form The Government
Politician Last Update 12/21/2121 | 1:53 PM The State of Law coalition headed by Nuri al-Maliki accused, on Tuesday, what he described as “political boys” of entering the country into a critical economic adventure, indicating that whoever ventured into Iraq’s economy does not deserve to form the government.
And the leader of the coalition, Haider Al-Lami, said in a televised interview, which was followed by "The Information", that "our first rejection regarding the inauguration of Mustafa Al-Kazemi was due to the difficulty of the Iraqi stage."
Al-Lami added, "The boys of politics have entered Iraq into a difficult economic adventure, and everyone knows that the white paper will not be applied on the ground," considering that "whoever ventured into Iraq's economy does not deserve to form the government."
And the economic expert, Diaa Abdel-Rahman, had confirmed in a previous statement to “The Information” that the decision to raise the dollar exchange rate did not achieve its goal, but was a government ploy to steal employee salaries and harm a wide segment of the Iraqi people from the middle and poor classes. https://almaalomah.me/2021/12/21/572072/
butterfly USD closes lower in Baghdad's markets 2021-12-21 08:49
Shafaq News/ The U.S. dollar (USD) exchange rates against the Iraqi dinar (IQD) closed lower in the markets of the Iraqi capital, Baghdad, today, Tuesday.
Shafaq News Agency correspondent said that the dollar closed at 147500 IQD for every 100 USD in al-Kifah and al-Harithiya Central Exchanges.
The buying and selling rates of the USD in Baghdad's local market stood at 148000 and 147000 IQD for every 100, respectively. https://www.shafaq.com/en/Economy/USD-closes-lower-in-Baghdad-s-markets-4-2-5
butterfly CBI sales in the currency auction slightly drop on Tuesday 2021-12-21 05:38
Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $195 million in foreign currency today, Tuesday.
Shafaq News Agency correspondent said that the CBI sales of foreign currency in today's auction amounted to 195,399,350, 1.52% below Monday's $198,028,107. The transactions were made at a weighted average of 1460 dinars to every dollar.
Our correspondent explained that 18 banks and 218 exchange companies cashed out $48.31 million, while the remaining $147,029,350 went to boost funds abroad in the form of credit and non-cash transactions, with 26 banks meeting those demands. https://www.shafaq.com/en/Economy/CBI-sales-in-the-currency-auction-slightly-drop-on-Tuesday
Dave The Central Bank officially announces the completion of the payment of compensation to Kuwait
Dave Baghdad / Obelisk: The Central Bank of Iraq announced, on Tuesday, December 21, 2021, the completion of the payment of compensation for the State of Kuwait.
The Central Bank said in a statement received by Al-Masala that the last remaining installment of Kuwait’s compensation amounting to 44 million dollars has been completed, and thus Iraq has completed the full payment of the compensation amounts approved by the United Nations Compensation Committee of the UN Security Council under Resolution No. 687 of 1991, A total of 52.4 billion US dollars for the State of Kuwait.
It is hoped that ending the payment of compensation, according to the statement, will contribute to removing Iraq from Chapter VII, as well as its impact on re-integrating the Iraqi banking system with the global banking system and benefiting from the financial abundance that will be achieved.
The UN Compensation Committee was formed in 1991, obligated Baghdad to pay $ 52.4 billion in compensation to individuals, companies, governmental organizations and others who incurred losses resulting directly from the invasion of Kuwait.
Iraq stopped making payments in 2014 during the war on ISIS, which took control of large parts of the country, but resumed payments in 2018.
Dave "It is hoped that ending the payment of compensation, according to the statement, will contribute to removing Iraq from Chapter VII, as well as its impact on re-integrating the Iraqi banking system with the global banking system and benefiting from the financial abundance that will be achieved."
Dave Financial abundance............??????? re-integrating at .0007........no abundance at that rate
Dave Wonder when the UN will be announcing this......?
butterfly whoa Dave thanks
Dave butterfly beat you to that tidbit...lol now the game is afoot....or once the UN announces this
Dave butterfly after all these years ......the banter from the Gurus could now finally seem tangible.......
Dave Flashing bank screens maybe on the Horizon.......
Bobby Cahill Flashing Bank Screens...... :LMAO:
Dave Bobby Cahill Best news out of Iraq in YEARS
Bobby Cahill I agree. Maybe all the Saddam era sanctions are over
Bobby Cahill Although no one's produced what sanctions lol
Dave well at least its a game starter.....
Bobby Cahill Could be. Doesn't change much as far as what's needed within today's Iraq
Bobby Cahill But yeah it's a big deal Nice find so thank you
Dave nickle....?
Bobby Cahill nickle would be the biggest miracle ever lol
Dave no global at .0007?
Bobby Cahill Supporting a nickle would be an even bigger miracle
Dave would not pay fer the electricity bill going global at .0007
Bobby Cahill why not global at 0.0007?
Bobby Cahill oops too many zeros lol
Dave no fils at .0007 thats a fer sure..lol
butterfly My time is short since my lifer Marine arrived and we have been catching up on a lot of things. Have not had the time to post a lot of articles. BUT a few days ago, it did indicate that Kuwait would be paid off by the end of the year.
Dave butterfly Still await UN's announcement
Bobby Cahill Depends on the value of the coins right?
Dave coins cost more than paper to mint
Bobby Cahill the fils have to offset the denominations of the notes or they will go by the wayside and they did in 2004]\
Dave had minted 25 dinar coins i recollect
21 Dec 21, 01:00 PM butterfly I am waiting to post my signal, should be this week, keeping fingers crossed.
Bobby Cahill question arises, can they mint the fils to fit the denominations and will they be accepted? Look at today's Iraq and there is very little need for "change" after purchases. Why's that? Because their lowest denom is a 250
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