Zig’s Place Chatroom News Tuesday Late PM 6-22-21

Zig’s Place Chatroom News Tuesday Late PM 6-22-21

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

Dave   Wow most of the power down in Kirkuk.......1 million without AC........120 degrees.........ouch.....

Dave   too bad they cant convert all that oil into ice........

Dave   "because of the collapse in the national network in Iraq."

Dave  odd that it only happens in the disputed territories......AC must work in Baghdad i suppose...

butterfly  Iraqi Dinar/US Dollar auction results for tomorrow 6-23-2021 executed today 6-22-2021

United States DollarThe results of the foreign currency sale window for Wednesday, 06/23/2021, and executed today   

Announcement No. (4436)  Sale date – Wednesday 06/23/2021 and executed today  the details    the amount

Total sale for the purposes of strengthening balances abroad (remittances, credits)  204,130,750

Total cash sale   30,520,000   Total total sales  234,650,750

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/1051

butterfly   Oil / OPEC / close to $ 71 a barrel

Tuesday 22 June 2021 19:5........The monthly average price of “OPEC” crudes approached breaching the barrier of $71 per barrel during the month of June 2021, after it reached $70.93 at the end of last week, with a growth of 6% compared to the average price recorded in May, according to the latest figures issued by the Organization of Petroleum Exporting Countries. oil exporting countries.

As for the annual level, the organization expected an increase in the annual average price of its basket of crudes in 2021 to $63.19 per barrel, i.e. 52.4% compared to 2020.

The increases recorded in the average price of OPEC crudes, whether at the monthly or annual level, coincide with the price jumps The big price achieved by other raw materials, led by Brent crude, which jumped in the settlement session yesterday to $73.53, while US West Texas crude rose to $71.66.

The global oil market had received strong support from the increase in demand for black gold after the significant improvement in the global travel market, which also came with the support of the high frequency of vaccination campaigns against the Corona virus worldwide, which encouraged many countries to lift restrictions on travel movement that imposed earlier.

According to many international expert houses, it is expected that oil prices will rise to record levels in the coming months as countries continue to lift restrictions on movement, which will reflect on economic activities in the world.

butterfly  The Ministry of Labor releases the sixth installment of the full-time employee’s salary for the month of June

Tuesday 22 June 2021 19:48.........The Ministry of Labor and Social Affairs announced the release of the sixth batch of the full-time employee's salary for the month of June.

Xyz   Parliament Finance discusses with the Governor of the Central Bank the implications of changing the exchange rate

Economie   The Finance Committee in the House of Representatives discussed, today, Tuesday, with the Governor of the Central Bank, steps to reduce the repercussions of changing the exchange rate and its implications, while the latter indicated the launch of an initiative to move the housing sector.

The committee said in a statement, received by Alsumaria News, that it "hosted today, the Governor of the Central Bank, Mustafa Ghaleb Mikhaif, and the Deputy Governor, Ammar Hamad Khalaf, where they discussed the steps that the Central Bank promised to implement to reduce the repercussions of changing the exchange rate and its implications, and the issue of selling the currency and confronting the operation." Draining it and ways to preserve it and invest it properly.

The Finance Committee discussed, "the projects, plans and loans that the bank promised to implement after changing the currency exchange rate, as the committee stressed the need to adhere to those promises and the speed of their implementation, in particular those that contribute to the employment of unemployed youth and support the housing, industry and agricultural sectors, support the local product and ease restrictions and routine procedures on them." .

She pointed out that "examining the issue of electronic linking between the ministries of trade and finance, the customs and tax authorities with the Central Bank, as well as the automation of procedures at border crossings, stressing the need for the government to fulfill its duty towards this, as indicated by the Finance Committee and the House of Representatives through the Budget Law for 2021."

The Finance Committee called on the Central Bank to "take the strongest and strict measures against banks that violate regulations, stressing its support for the bank in this regard, as the current period requires concerted efforts between all authorities."

The committee directed, "to host the Minister of Finance to discuss what was proposed in the hosting and to discuss a number of issues that concern the economic reality of the country."

For his part, the central bank governor provided an explanation of what the bank has taken and the steps it seeks to take to reduce the negative effects of changing the exchange rate, revealing the launch of an initiative worth 5 trillion in addition to contributing to moving the housing sector to complete the residential complexes that were suspended, as well as the imminent issuance of bonds. It enables people to invest their money. LINK

sandyf   @butterfly AL-KAZEMI’S ADVISOR: THE PROJECT TO DELETE ZEROS FROM THE CURRENCY IS SUBJECT TO TWO CONDITIONS - He is only repeating what he said in 2012 when he was deputy governor of the CBI. He also said this. "He explained: that the draft deletion of zeros needs to the approval of the government and the House of Representatives for its success."  https://sites.google.com/a/easyenglish4u.com/www/news-about-the-three-zeros/news-about-the-3-zeros

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