Zig’s Place Chatroom News Wednesday AM 10-20-21

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Butterfly   Oil prices fell, and Brent settled at $ 84.65 a barrel   Wednesday 20 October 2021 Oil prices fell, on Wednesday, after the Chinese government announced that it is looking for ways to tame record high coal prices and that it will ensure coal mines operate at full capacity as Beijing moves to ease energy shortages.

Chinese coal and other commodity prices fell in early trade, which in turn pulled oil prices down from a slight rally earlier in the day.    Brent crude futures fell, to $84.65 a barrel.

US West Texas Intermediate crude futures fell, to $82.66 a barrel. https://ninanews.com/Website/News/Details?key=934232

butterfly   Low dollar exchange rates in local markets

Wednesday 20 October 2021 The dollar exchange rates witnessed a decline, today, Wednesday, in the local markets.

Where the selling prices of the dollar recorded 148.000 dinars per 100 dollars, while the purchase prices of the dollar recorded 147,500 dinars per 100 dollars. https://ninanews.com/Website/News/Details?key=934255

butterfly   The Central Bank: (19) Iraqi banks get a rating from international agencies

Wednesday 20 October 2021 The Central Bank announced today, Wednesday, that 19 Iraqi banks have obtained a classification from international agencies.

A statement by the Central Bank stated: “Within the framework of the efforts made by the Central Bank of Iraq to develop the Iraqi banking sector and keep it in line with international standards, it was announced that 19 licensed banks in Iraq have obtained a classification from accredited international rating agencies:

(Capital Intelligence - Fitch - Moody's - Standard). & Poors), indicating that these banks will receive several banking facilities, which reflects the development of the performance of the banking sector in Iraq and is evidence of their compliance with local and international standards.

It is noteworthy that the Central Bank seeks to increase the ability of Iraqi banks to expand their network of relations with international banks and enhance the confidence of citizens and investors in them, especially after their success in obtaining such ratings. https://ninanews.com/Website/News/Details?key=934270

butterfly   The increase in central bank sales of the dollar

Wednesday 20 October 2021 Sales of the Central Bank of Iraq rose for the second day in a row, Wednesday, from the US dollar, to record more than 155 million dollars.

And the Central Bank said in a statement: “His auction for buying and selling US dollars witnessed an increase in sales by 12.38% to reach 155 million, and 51 thousand and 898 US dollars covered by the bank at a base exchange rate of 1460 dinars per dollar, compared to last Sunday, which amounted to Sales are 138 million and 872 thousand and 791 US dollars.

The statement indicated that "the purchases amounting to 106 million, 342 thousand and 791 dollars went to strengthen balances abroad in the form of remittances and credits, while the remaining amount of 49 million and 530 thousand dollars went in cash."

He pointed out that 16 banks have met requests to enhance balances abroad, 8 banks to meet cash requests, in addition to 103 mediation companies. https://ninanews.com/Website/News/Details?key=934292

butterfly   Al-Hakim receives the delegation of the Sadrist bloc and stresses the importance of sending messages of reassurance from everyone

Wednesday 20 October 2021 00:40 Ammar al-Hakim, head of the National State Forces Alliance, received in his office in Baghdad the delegation of the Sadrist bloc headed by Hassan al-Adhari and in the presence of a number of members of the political bureau of the National Wisdom Movement.

Al-Hakim renewed, according to a statement to his media office, his congratulations to the brothers in the Sadrist bloc on the victory they achieved in the House of Representatives, wishing their bloc success in implementing its electoral program.

He stressed the importance of national harmony and messages of mutual reassurance between all parties, and said, "The elections were a means for Iraq's exit from a political crisis that it had experienced in an earlier stage, so its results must contribute to achieving the aspirations of the Iraqi people and their demands for services, job opportunities, and preservation of the state and its sovereignty."

Al-Hakim stressed the need to consider complaints and appeals submitted by the political blocs, noting: "The appeals and complaints are not a way for this bloc to advance or regression as much as it is a way to enhance confidence in the electoral practice and give a clear picture of Iraqi democracy and its positive accumulation," noting: Wisdom has played and will play a role in bringing his views closer because of his good relations with all political blocs.

He added: "This role stems from our reading of the need to gather the word on the Iraqi interest in the main, between:" The National Wisdom Movement will spare no effort in this task, which it deems an urgent necessity in the current stage. https://ninanews.com/Website/News/Details?key=934220

butterfly  The sit-ins continue in front of the Green Zone gate from the side of the suspension bridge for those who reject the election results

Wednesday 20 October 2021 09:26 The sit-ins continued in front of the Green Zone gate from the side of the Muallaq Bridge in the Jadriya area, for those who reject the election results from the audience of the Al-Fateh Alliance, with the participation of the sheikhs of the clans of the Twenty Revolution Alliance. https://ninanews.com/Website/News/Details?key=934230

20 Oct 21, 08:06 AM butterfly  Al-Hakim holds the Commission and the judicial institution responsible for seriously considering appeals and complaints in support of democracy

Wednesday 20 October 2021 13:08 Head of the National State Forces Alliance, Ammar al-Hakim, stressed the need to bring the public interest to precedence over private interests, blaming the Commission and the judicial institution for the responsibility to seriously consider appeals and complaints in support of democracy.

A statement from his office said that Al-Hakim received in his office today, the head of the People’s Party, Ahmed Al-Jubouri, and called for intensifying efforts to crystallize a unified position towards the upcoming benefits that result from the election results and the need to bring the public interest and give it priority over private interests, stressing the importance of considering appeals and complaints submitted by the forces that It sees itself as a different entitlement than the announced results.”

Al-Hakim held the commission and the judicial institution responsible for seriously considering appeals and complaints in support of democracy and the electoral process. https://ninanews.com/Website/News/Details?key=934288

butterfly   Oil up and down. Dinar up and down. Election up and down...........Just a typical day in Iraq.

Sheila   Words of encouragement, hope, etc. ... courtesy of https://dinarrecaps.com/our-blog/news-rumors-and-opinions-wednesday-am-10-20-2021

Butterfly   2021-10-20 08:52   Shafaq News/ The Iraqi Prime Minister, Mustafa al-Kadhimi, had informed the head of al-Wataniya bloc, Ayad Allawi, that the Electronic Voting Machines (EVMs) are easy to hack, members of al-Wataniya bloc revealed on Wednesday, demanding a manual recount of the ballots pursuant to the Parliament code.

"By reviewing the records, we noticed repeated results and different closing times between different EVMs," leading member of al-Wataniya bloc, Kadhem al-Shammari, said, "the EVMs are supposed to close automatically in all the centers at the same time."

Al-Shammari said that his bloc filed complaints at the Independent High Electoral Commission (IHEC) against some candidates for practicing "electoral campaigning inside the ballot centers."

"We also did not receive a copy of the special polls," he added.

"We, al-Wataniya bloc, demand IHEC to reveal the cause of the difference in the closure timing between the EVMs. We also demand comparing the fingerprints with the Election IDs. IHEC shall also hand us the results of the special voting polls."

Al-Shammari called for manually recounting and resorting all the EVMs in accordance with Article 38 of the Council of Representatives code that stipulates recounting the ballots of every center or EVM with suspected results.

"Scrutinizing the list of the candidates and the votes they won, we noticed that exactly the same number of votes was registered in different EVMs. This confirms that the results are meddled."

For her part, Sara Ayad Allawi said during the conference, "PM al-Kadhimi informed by himself after the 2018 election that a technician was able to hack an EVM in less than five minutes." https://www.shafaq.com/en/Iraq-News/Al-Kadhimi-informed-Allawi-Election-results-are-easy-to-hack-al-Wataniya-leader-says

butterfly   HOLY BEJESUS: ........................... 2021-10-20 06:24

Shafaq News/ The Iraqi Oil Minister, Ihsan Abdul-Jabbar, expected oil prices to reach $100 per barrel in the first and second quarters of 2022.

In previous statements, Abdul-Jabbar confirmed that oil prices should stabilize around the current levels, which reflects the market balance.

On the sidelines of his recent participation in the Russian Energy Week conference in Moscow, he said that the market must be balanced during the second half of this year, explaining that the fair price of oil is $85 per barrel.

It is noteworthy that Iraq depends on the oil price to reduce the budget deficit, as the 2022 budget is expected to witness an increase in the price of a barrel, estimated at $50 in 2022. https://www.shafaq.com/en/Economy/Oil-price-per-barrel-to-reach-100-in-2022-Oil-Minister-says

butterfly  2021-10-20 05:48  Shafaq News/ The Central Bank of Iraq (CBI) auctioned $115 million in foreign currency today, Wednesday.

Shafaq News Agency correspondent said that CBI's sales of foreign currency in today's auction amounted to $155,051,898, up by 12.38% compared to Sunday $138,872,791.

Our correspondent explained that eight banks and 103 exchange companies cashed $49.53 million, while the $106,342,791 went to boost funds abroad in the form of credit and non-cash transactions, with 16 banks meeting those demands. https://www.shafaq.com/en/Economy/For-the-second-day-in-a-row-CBI-sales-in-the-currency-auction-continue-to-climb

butterfly   2021-10-20 04:29  Shafaq News/ The Central Bank of Iraq announced today that 19 private Iraqi banks have obtained a classification from prominent international agencies.

The bank said in a statement that within the framework of the efforts made by the Central Bank of Iraq to develop the Iraqi banking sector and keep it in line with international standards, 19 licensed banks in Iraq obtained a classification from accredited international rating agencies: Capital Intelligence - Fitch - Moody's - Standard & Poors.

"These banks will receive banking facilities, which reflects how advanced the performance of the banking sector in Iraq is", the statement added.

It is worth noting that the Central Bank seeks to increase the Iraqi banks' ability to expand their network of relations with international banks and enhance the confidence of citizens and investors in them, especially after their success in obtaining such ratings. https://www.shafaq.com/en/Economy/19-Iraqi-banks-classified-by-prominent-international-agencies

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