Zig’s Place Chatroom News Wednesday AM 10-6-21

Zig’s Place Chatroom News Wednesday AM 10-6-21

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

Butterfly   Transferring an amount of 125 billion dinars to cover the retirement benefits for former army members

Wednesday 06 October 2021 The Ministry of Finance decided to transfer an amount of 125 billion dinars to the National Retirement Authority to cover the retirement benefits for the end of service and the accumulated vacations for former army members, based on the provisions of Article 31 of the Federal General Budget Law 2021. https://ninanews.com/Website/News/Details?key=931185

butterfly   this one is very confusing. Next November or last year November:

OPEC: Iraq produced 4.193 million barrels per day in November

Wednesday 06 October 2021 The Organization of Petroleum Exporting Countries (OPEC) announced: "Iraq's oil production was set at 4.193 million barrels per day during the month of next November, after the (OPEC +) agreement to increase 400 thousand barrels per day.

The organization stated:" Iraq's share For the month of November, it was set at 4.193 million barrels per day, an increase of 44,000 barrels, compared to the quota for the month of October, which amounted to 4.149 million barrels per day.”

She added, “The production of both Saudi Arabia and Russia was set at 9.913 million barrels per day, during the month of November, an increase About 100,000 barrels per day from the current month of October, and the UAE’s production share increased by 30 thousand barrels per day, to reach 2.855 million barrels per day during the next month.

She pointed out that "OPEC's share of the planned increase of 400,000 barrels per day in November will reach 253 thousand barrels to reach 24.048 million barrels per day, while the share of allied countries will reach 146 thousand barrels per day to reach 13.894 million barrels per day."

And OPEC + agreed, during its meeting last Monday, to increase its oil production by 400,000 barrels per day, according to the previously agreed schedule. https://ninanews.com/Website/News/Details?key=931143

Wednesday 06 October 2021 The dollar exchange rates witnessed, on Wednesday, relative stability in the main stock exchange and local markets in the capital, Baghdad.

And the dollar exchange rate settled on the Central Kifah Stock Exchange in Baghdad, today, at 148,200 dinars, for every $100.

The prices of buying and selling the dollar also stabilized in exchange companies and local markets in Baghdad, where the selling price amounted to 148,500 dinars, for every 100 dollars, while the purchase prices amounted to 147,500 dinars, for every 100 dollars.

butterfly   One hundred dollars settles at the price of 148,200 dinars on the local stock exchange

butterfly   https://ninanews.com/Website/News/Details?key=931130

butterfly   Al-Halbousi: The fourth parliamentary session ends tomorrow

Wednesday 06 October 2021 Parliament Speaker Muhammad Al-Halbousi confirmed that the fourth legislative session will end tomorrow, Thursday.

Al-Halbousi wrote, in a tweet via the Twitter social networking platform, accompanied by a video draft of the parliament’s decision, held last March, to dissolve itself on the seventh of this October: “Tomorrow the fourth parliamentary session ends, and the people will choose their representative on the tenth of October, to start Once again in a promising phase, with the help of God,” expressing his hope for “wide participation in the electoral wedding in line with the necessities of the future that Iraqis hope for.” https://ninanews.com/Website/News/Details?key=931192

butterfly   President of the Republic: The climate crisis poses an existential threat to our future

Wednesday 06 October 2021 The President of the Republic, Barham Salih, stressed that the climate crisis poses an existential threat to our future.

Saleh said in a tweet on Twitter: We appreciate the esteemed parliament's vote on the project to revive Mesopotamia submitted by the Presidency of the Republic as a framework for developing the environmental strategy and facing the threat of climate change in the country.

He explained that the climate crisis has become an existential threat to our future, and it is necessary to start now, and there is no room for inaction.

” He added, "Our population is likely to double from 40 million today to 80 million by 2050. Desertification affects 39% of Iraq's area, and 54 % of our lands are at risk of agricultural loss due to salinization and water scarcity in the Tigris and Euphrates - the lifeblood of our country - which led to the encroachment of the salt tongue towards the upper Shatt al-Arab.

butterfly  He stressed that Iraq is ranked fifth among the most fragile countries globally in terms of water and food shortages and extreme temperatures, and it is expected that our water deficit will reach 10.8 billion cubic meters by 2035 at a time when our financial income from oil is declining as the world abandons oil, and its dependence is more on clean energy.

He pointed out that the recovery of Mesopotamia is a project for Iraq and all of our region, which shares the serious threat of climate change, and the project relies on 9 strategic programs that include afforestation, modernization of the Tigris and Euphrates water management, clean energy generation, reducing greenhouse gas emissions and encouraging investment through green climate funds.

He pointed out that realizing the scale of the transnational environmental disaster that surrounds us all, and moving towards interconnected and integrated regional environmental plans, will be a great step in facing the effects of climate change, and pushes the whole region towards joint economic and environmental solidarity, and abandoning the cycle of crises and tensions in which everyone loses. https://ninanews.com/Website/News/Details?key=931141

Butterfly   2021-10-06 06:55  Shafaq News/ The Central Bank of Iraq (CBI) auctioned about $200 million in foreign currency today.

Shafaq News Agency correspondent said that CBI's foreign currency sales in today's auction amounted to $208,818,800, increasing by 30 %.

Our correspondent explained that ten banks cashed $164,298,800, while the $44,520,000 went to boost funds abroad in the form of credit and non-cash transactions, with 34 banks and four exchange companies meeting those demands. https://www.shafaq.com/en/Economy/CBI-sales-in-the-currency-auction-climb-today-0

  Zig If you access this chat via https://my.cbox.ws/ZIGPLACE

You can make the box much bigger by clicking this link ZIGPLACE - Cbox