Zig’s Place Chatroom News Wednesday Afternoon 6-23-21

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Butterfly   The Commander-in-Chief of the Armed Forces chairs a meeting of the Ministerial Council for National Security

Wednesday 23 June 2021 16:15............The Prime Minister, Commander-in-Chief of the Armed Forces, Mustafa Al-Kazemi, chaired today, Wednesday, a meeting of the Ministerial Council for National Security, during which they discussed the latest developments in the security situation in the country.

Al-Kazemi directed the security leaders to redouble efforts to provide a safe environment for citizens. He also instructed to make an effort to enhance security in Tarmiyah district.

butterfly   The Council of Ministers discusses the needs of the Independent High Electoral Commission

23 Jun 2021 - 1:49 pm   The Council of Ministers held its regular session on Tuesday, headed by Prime Minister Mustafa Al-Kadhimi.

During the Cabinet session the government measures in the areas of prevention and health awareness control to limit the spread of the Corona virus and secure vaccines and distribute them to health institutions in Baghdad and the governorates, were reviewed to make sure vaccines are available to all citizens.

The Council of Ministers hosted the Chairman of the Independent High Electoral Commission to discuss their needs to facilitate holding the early elections on time on October 10, 2021.

The Council of Ministers approved the allocation of the Ministry of Finance three billion IQD to the Municipality of Baghdad from the emergency reserve for the fiscal year (2021) to expand Highways No. (77) and (80), and the Baghdad-Kut, Rustamiya Highway , and return the power Towers to their correct path according to the technical specifications provided by the Ministry electricity.

The Council of Ministers approved the draft law on the Institute of Police Commissioners Preparedness, which was reviewed by the State Council and referred to the House of Representatives.

The Council of Ministers approves the national strategy for the security of critical infrastructures.

butterfly   The price of Basra Heavy crude recorded an increase of 1.73%...............Economie- 06-23-2021 11:38...........The prices of Basra Light crude recorded a decline, today, Wednesday, in conjunction with the decline in the price of the OPEC basket, while the price of Basra Heavy crude rose.

The prices of Basra Light crude, exported to Asia, recorded $74.52 a barrel, a decrease of 0.19%, while Basra Heavy crude rose to $70.57 a barrel, an increase of 1.73%.

The price of Saudi Arabian Light oil was $74.13 a barrel, while the price of the UAE Murban blend was $73.33 a barrel, and the Algerian Sahran blend reached $73.86 a barrel, while the Nigerian Bonny Light scored $74.26, and the Angolan Girasole reached $74.29.

International oil prices rose on Wednesday, reaching Brent crude of $75.47, and West Texas crude of $73.36 a barrel.

butterfly   Big Oil chiefs say crude prices could climb to $100 a barrel

The CEOs of some of the world’s biggest oil companies, speaking at the Qatar Economic Forum, said crude prices are likely to keep rising due to a lack of investment. https://www.aljazeera.com/economy/2021/6/22/bb-big-oil-chiefs-say-crude-prices-could-climb-to-100-a-barrel

xyz   Counselor Mazhar Saleh: The statements that attacked our clarification on currency zeros... are politicized and unprofessional

6-23-2021   [53165]   Baghdad - Iraq today:   Dr. Mazhar Saleh, Economic Adviser to Prime Minister Mustafa Al-Kazemi, said on Wednesday, June 23, 2021 that his statement about the project to delete zeros represents a purely economic point of view that included a technical explanation of the issue of the history of the multiplication of zeros in the Iraqi currency during the last siege.

In response to statements criticizing his point of view, Saleh considered that they are issued by politicized parties and trolling for words, adding: I have spent seventy-three years of my life and I still face this type of human being, considering that people are enemies of what they are truly ignorant of.

Saleh considered that these statements, which claimed that talking about the deletion of zeros, caused a recession in the Iraqi market, politicized and issued by people who call themselves politicians and independents.

And the appearance of Muhammad Salih set two conditions for deleting 3 zeros from the currency, while stressing that the deletion option is proposed as part of the strategies for reforming the currency and cash payments system in Iraq.

Salih said that "the Central Bank of Iraq developed a project to delete three zeros from the Iraqi currency in order to reform the cash payments system, which has become burdened with the insomnia of the economic blockade imposed in the nineties of the last century, and put it into research and study a long time ago, after reviewing about 54 international experiments since The end of World War II until the second decade of the twenty-first century, which took place in various countries of the world, in which the monetary payment systems were reformed and made to work with better efficiency, the last of which was the Islamic Republic of Iran and before that, Turkey.”

Xyz   He added that "the phenomenon of increasing zeros in the monetary unit or adding zeros to a single monetary unit usually comes due to the exposure of economies to unbridled waves of inflation or continuous sharp rises for years in the price level due to wars, sieges and conflicts, which lead to financing the deficit of government budgets through cash issuance." .

Saleh believed that “the hyperinflation that hit the Iraqi economy in the nineties of the last century added three numbers to the Iraqi monetary unit (that is, one dinar became equal to a thousand dinars, and ten dinars became ten thousand dinars, and so on for the rest of the categories), while the small categories disappeared from circulation completely, but rather Every 250 fils became equal to 250 dinars, and it was considered the smallest monetary unit in circulation today, which raised the cost of micro-transactions that mostly affect the poor segments.

He concluded by saying, "The project to delete zeros in Iraq is still technically prepared by the Central Bank of Iraq, which is the official sectoral authority and the monetary authority concerned with this matter and in cooperation with all three state agencies and authorities, but the project is postponed at the present time until the appropriate conditions are achieved and remains part of the currency system reform strategies. and cash payments in Iraq    LINK

Butterfly   Al-Fili: The surplus oil revenues cover the expected benefit from raising the price of the dollar

Wednesday 23 June 2021 | 04:09 PM   Al-Fili - The surplus oil revenues cover the expected benefit from raising the price of the dollarOn Wednesday, the representative of the National Nahj bloc, Mazen Al-Faili, demanded that the dollar exchange rate against the local currency be returned to what it was, stressing that the surplus achieved from oil revenues covers the expected surplus from raising the price of the dollar .

Al-Faili said in a statement, that the revenues from selling oil for the month of May amounted to six billion dollars, which is more than one billion and 700 million dollars over the oil revenues expected to be collected according to the oil price fixed in the budget, which amounts to 45 dollars per barrel .

He added that the total actual oil revenues in the first five months of 2021 amounted to 27 billion dollars, which is five billion and 500 million dollars more than the total oil revenues expected to be collected for the same period according to the price fixed in the budget, 45 dollars per barrel .

Al-Faili indicated that this increase in oil revenues resulting from the difference in the price of oil between what is actually sold in the markets and what is fixed in the budget, for a period of five months only, is equal to or more than the revenues resulting from the decision to raise the exchange rate of the dollar, which at the highest estimates is seven trillion dinars .

butterfly   He pointed out that “while noting the increase in oil prices globally and at different rates of up to 1.6 more than the price fixed in the budget, and the increase in oil revenues within only five months, exceeding the planned collection from raising the price of the dollar, all these data prove the absence of the need to raise the price of the dollar and show They are weak and the justifications promoted by those who agreed and supported this wrong decision .”

Al-Faili called on the government and parliament to “retreat from the wrong and harmful decision and return the dollar exchange rate to what it was before, especially if we know that the majority of the difference between the two prices of selling the dollar from the bank and selling it by parasitic banks goes to an undeserved profit to strengthen unjust, selfish parties that live in the most horrific way.” Parasitic behavior depicted the suffering and tragedies of millions of Iraqis.   aynaliraqnews.com

butterfly   The last update of the dollar exchange rate throughout Iraq during Wednesday’s trading

Wednesday 23 June 2021 | 03:40 PM   The last update of the dollar exchange rate throughout Iraq during Wednesdays tradingThe exchange rate of the dollar fell against the dinar, throughout Iraq, during the morning and evening of Wednesday (June 23, 2021 ).

In Baghdad, the general price reached 147,300, while banking companies sell every $100 for 147,750 dinars, and buy it for 147,250 dinars .  The following is a list of the general prices of the dollar exchange rate against the dinar :   Baghdad – Stock Exchange of struggle الكف    147,550  

Price in exchange (approximate )   147,000    148,000  

Basra / Bursa   147,700   Erbil / Bursa   147,750   Mosul / Bursa   147,800   Najaf / Bursa   147,650

aynaliraqnews.com

butterfly   Al-Tamimi reveals to / Nina / new details about the joint meeting with the Governor of the Central Bank    Wednesday 23 June 2021 18:02..........The Parliamentary Finance Committee revealed new details regarding the joint parliamentary meeting with the Governor of the Central Bank of Iraq on Tuesday.

Member of the Committee, Representative Magda Al-Tamimi, stated, in a statement to the National Iraqi News Agency ( NINA ), that "the policy of the Central Bank is related to maintaining the stability of the currency exchange rate against the dinar, and the stability of the level of economic trading in the local market."

And she added, "Determining the exchange rate of the currency against the dinar is a major exclusive authority to the Central Bank, but during the joint meeting with the governor of the bank yesterday, Tuesday, we knew that the Ministry of Finance interfered significantly in changing the exchange rate."

She explained, "I told the Governor of the Central Bank that you had to resign from your position, because you made someone else dictate to you a decision within your powers," noting that "According to Article 4 of the Central Bank of Iraq Law, the governor is responsible for setting the exchange rate, not the Minister of Finance. ".

Al-Tamimi said, “The governor of the Central Bank does not bear all these repercussions for changing the exchange rate, because monetary policy is linked with fiscal policy,” indicating that “the government is responsible for changing the exchange rate because there is a government decision to achieve reforms,” and indicated that The Parliamentary Committee requested new financial reports and data from the Central Bank Governor, who promised to submit them soon.

butterfly  A member of the Parliamentary Finance Committee said that she had submitted an official request to hold an urgent meeting with Prime Minister Mustafa Al-Kazemi in the presence of ministers and the authorities concerned with fiscal and monetary policy in the government, regarding the feasibility of economic reforms and changing the currency exchange rate in light of the high prices of food commodities in the local market, and the fate of electronic governance.

butterfly  Al-Kaabi discusses with the Russian ambassador facilitating the admission of Iraqi students in Moscow

Wednesday 23 June 2021 18:39.....The First Deputy Speaker of the House of Representatives, Hassan Karim Al-Kaabi, discussed with the Ambassador of the Federal Republic of Russia, Ieros Kutrashev, facilitating the admission of Iraqi students in Moscow and a number of issues of common interest and ways to strengthen bilateral relations between the two countries.

Al-Kaabi stressed, according to a statement by his office, the necessity of developing prospects for security and economic cooperation between the two countries, developing scientific and cultural exchange and facilitating the admission of Iraqi students wishing to study in Moscow.

And he called for expediting effective coordination with the Iraqi Ministry of Health on the subject of contracting and receiving vaccines to confront the Corona pandemic.

The meeting discussed the preparations made by the Russian Embassy in Baghdad, in preparation for the opening of the Iraqi-Russian Cultural Center during the coming period, and its importance in revitalizing cultural and educational relations and permanent communication between the two friendly peoples.

For his part, Kutrashev affirmed his country's keenness to advance friendship and cooperation with Iraq to advanced levels, indicating that Moscow always stands by the people and government of Iraq and has long-standing relations with End 3

Media Office  For the First Deputy Speaker of the House of Representatives 6/23/2021

butterfly   Masrour Barzani discusses with an American official confronting the threats of ISIS terrorists

Wednesday 23 June 2021 19:21 ..........The President of the Kurdistan Regional Government, Masrour Barzani, discussed today, Wednesday, with the acting US special envoy to the international coalition against ISIS, John Godfrey, the latest developments in Iraq and Syria, and the tireless efforts to confront the threats posed by ISIS terrorists.

The US envoy, according to a statement by the regional government, expressed his concern about the development of terrorist threats to ISIS in separate parts of Iraq and Syria, stressing the need to continue support for the Peshmerga forces and the Iraqi army to confront these threats and achieve stability in the region.

He pointed out that a special meeting of the international coalition against ISIS is scheduled to be held in the Italian capital, Rome, next week.

Barzani thanked the international coalition for its support and assistance to the Peshmerga forces.

He added that: activating the joint security coordination centers between the Peshmerga and the Iraqi army, an important step to deter ISIS threats.

He stressed the need for the Kurdistan Region delegation to participate in the upcoming meeting of the international coalition against ISIS in Rome.

Butterfly   Iraqi Dinar/US Dollar auction results for tomorrow 6-24-2021 executed today 6-23-2021

25k Iraqi Dinar notesThe results of the foreign currency sale window for Thursday, 06/24/2021, and executed today  Announcement No. (4437)  Sale date – Thursday 6/24/2021 and executed today  the details  the amount

Total sale for the purposes of strengthening balances abroad (remittances, credits)  197,896,643

Total cash sale  18,530,000   Total total sales  216,426,643

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/1052

butterfly   Counselor Mazhar Saleh: The statements that attacked our clarification on currency zeros… are politicized and unprofessional

2021/06/23 10:25   10K Iraqi Dinar notesBaghdad / Obelisk: Dr. Mazhar Salih, Economic Adviser to Prime Minister Mustafa Al-Kazemi, said on Wednesday, June 23, 2021 that his statement about the project to delete zeros represents a purely economic point of view that included a technical explanation of the issue of the history of the multiplication of zeros in the Iraqi currency during the siege. the past.

In response to statements criticizing his point of view, Saleh considered that they are issued by politicized parties and trolling for words, adding: I have spent seventy-three years of my life and I still face this type of human being, considering that people are enemies of what they are truly ignorant of.

Saleh considered that these statements, which claimed that talking about the deletion of zeros, caused a recession in the Iraqi market, politicized and issued by people who call themselves politicians and independents.

And the appearance of Muhammad Salih set two conditions for deleting 3 zeros from the currency, while stressing that the deletion option is proposed as part of the strategies for reforming the currency and cash payments system in Iraq.

Saleh told the Obelisk, “The Central Bank of Iraq developed a project to delete three zeros from the Iraqi currency in order to reform the cash payments system, which has become burdened with the insomnia of the economic blockade imposed in the nineties of the last century, and put it into research and study long ago, after looking at about 54 An international experience from the end of the Second World War until the second decade of the twenty-first century, which took place in various countries of the world, in which the monetary payment systems were reformed and made to work more efficiently, the last of which was the Islamic Republic of Iran and before that, Turkey.

butterfly  He added that “the phenomenon of increasing zeros in the monetary unit or adding zeros to a single monetary unit usually comes due to the exposure of economies to unruly waves of inflation or continuous sharp rises for years in the price level due to wars, sieges and conflicts, which lead to financing the deficit of government budgets through cash issuance.” .

Saleh believed that “the hyperinflation that hit the Iraqi economy in the nineties of the last century added three numbers to the Iraqi monetary unit (that is, one dinar became equal to a thousand dinars, and ten dinars became ten thousand dinars, and so on for the rest of the categories), while the small categories disappeared from circulation completely, but rather Every 250 fils became equal to 250 dinars, and it was considered the smallest monetary unit in circulation today, which raised the cost of micro-transactions that mostly affect the poor.

He concluded by saying, “The project to delete zeros in Iraq is still technically prepared by the Central Bank of Iraq, which is the official sectoral authority and the monetary authority concerned with this matter and in cooperation with all three state agencies and authorities, but the project is postponed at the present time until the appropriate conditions are achieved and remains part of the currency system reform strategies. and cash payments in Iraq.   almasalah.com

Dave   butterfly Interesting that Saleh mentions adding or removing 3 zeros....Glad he concluded in saying "THE project to delete zeros in Iraq is still technically prepared by the Central Bank of Iraq.........project to delete zeros in Iraq is still technically prepared by the Central Bank of Iraq.......

butterfly   Dave the 3 zeros have been mentioned removing so many times I have lost count.

butterfly   On the anniversary of its liberation..Al-Abadi from Fallujah: We put an end to sectarian discrimination and united our country

Wednesday 23 June 2021 22:59....The head of the victory coalition Haider Al-Abadi said that we were able to put down sectarian division and unify our country.

He said Abadi , in a speech to the crowd on the occasion of anniversary of the liberation of Fallujah: "The liberation of Fallujah from gangs Daesh the terrorist was thanks to the sacrifices of Iraqis who Stroa the grandest epics of victory in the war of liberation.

He said: preserving the dignity of the human and liberation was our first place.

He said Abadi Until: There are those who bet that Fallujah will not be liberated, but at that time we had the insistence on liberating it and saving its people from terrorist gangs. He indicated that: With the cooperation of the people and the heroism of our forces, the city was liberated, which was one of the main gates to liberate all Iraqi cities.

He continued, "The country has gone through difficult times and an existential challenge, and the world was looking at us that Iraq is over and they must deal with a new reality, but we have proven that Iraq is stronger and our heroes are capable of achieving what everyone did not expect by liberating the land at a time when the most prominent optimists were not expected."

He pointed out that: Corruption represents the biggest enemy, and it is the one that led to the collapse, and this system of corruption is currently working to spread chaos, and they may try to restore the scene to what happened years ago.

Al-Abadi noted that: In times of battles and when the country needed support, voices were louder internally to weaken the determination and strike the government, but we We did not pay attention to them and continued and liberated the entire lands.

butterfly   He said: It is very important to preserve the achieved victory and not to forfeit it, as well as to preserve what was achieved during the period from the end of 2014 to 2018.

Al-Abadi added that: Iraq deserves from us to unite and make sacrifices for it, and our people deserve to work day and night to provide services to them and make them happy.

Al-Abadi pointed out that: the citizen’s outlook should be one and not on the basis of mood, proximity, clan and giving jobs to them, as this is a great corruption.

butterfly   Iraq Parliament warns of "Collapse" of Iraqi Dinar.....23rd June 2021 .......Iraq's Parliamentary Finance Committee has reportedly warned the Central Bank of Iraq (CBI) of a possible collapse in the value of the Iraqi dinar (IQD) against the US dollar.

Committee member Muhammad Al-Shabki told Shafaq News Agency that there are fears of the collapse of the Iraqi currency "in the coming period" due to the continued government confusion and the lack of control over the dinar exchange rate against the US dollar. More here: https://shafaq.com/en/Iraq-News/Parliament-warns-of-the-Iraqi-Dinar-s-collapse ......... 2021-06-21 03:45

Shafaq News/ The Parliamentary Finance Committee warned the Central Bank of the Iraqi dinar collapse against the US dollar.

Committee member Muhammad Al-Shabki told Shafaq News Agency, "There are fears of the collapse of the Iraqi currency in the coming period due to the continued government confusion and the lack of control over the dinar exchange rate against the US dollar."

"Losing control of the exchange rate may lead to the collapse of the currency in the coming period," noting, "the government, the Ministry of Finance and the Central Bank are required to impose appropriate measures and control the market and maintain the exchange rate to avoid the collapse of the Iraqi currency."

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