Zig’s Place Chatroom News Wednesday AM 12-15-21
Zig’s Place Chatroom News Wednesday AM 12-15-21
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Butterfly By more than 60%.. Iraq's holdings of US bonds decreased
Wednesday 15 December 2021 The US Treasury announced that Iraq's possession of US bonds decreased by more than 60 percent in ten years to reach $17.954 billion during the month of September.
The Treasury said in its table: that Iraq's possession of bonds decreased during ten years by 61.34%, indicating that "Iraq bought US bonds in 2012 at an annual rate of 46.316 billion dollars, to decrease in 2013 to 42.1 billion dollars as an annual rate, while it reached In 2014, an average of $28.2 billion.”
She added, "The bonds purchased by Iraq for 2015 amounted to an annual rate of $25.6 billion, and in 2016 these bonds became an annual rate of $15.3 billion, to rise slightly in 2017 as an annual rate to $16.6 billion."
And she continued, "The annual rate of bonds purchased by Iraq for the year 2018 amounted to 27 billion dollars, and in 2019 it reached an annual rate of 34 billion dollars."
She indicated that the annual rate of purchased bonds for the year 2020 amounted to 24.7 billion dollars, and to reach 17.954 billion dollars as an average during the nine months of the current year 2021. https://ninanews.com/Website/News/Details?key=944948
butterfly Within a week.. the dollar exchange rates stabilize at 148,500 dinars in the local markets
Wednesday 15 December 2021 The exchange rates of the dollar witnessed, today, Wednesday, stability in the local markets.
And the selling prices of the dollar were recorded at 148,500 dinars per $100.
While the dollar purchase prices recorded 148,000 dinars per $100. https://ninanews.com/Website/News/Details?key=944925
butterfly For the third day in a row, oil prices continue to decline
Wednesday 15 December 2021 Oil prices fell for the third day in a row, today, Wednesday, due to growing expectations that supply growth will outpace demand growth next year, although the Corona virus Omicron variable is not seen as limiting mobility as sharply as the previous variables of COVID -19.
West Texas Intermediate crude futures fell 82 cents, or 1.2%, to $69.91 a barrel, after losing 56 cents in the previous session.
Brent crude futures fell 71 cents, 1 percent, to $72.99 a barrel, after losing 69 cents on Tuesday.
Both contracts fell more than $1 earlier in the session while the monthly spot spread for Brent crude inverted briefly on Tuesday.
On the other hand, the Organization of Petroleum Exporting Countries (OPEC) on Monday raised its forecast for global oil demand for the first quarter of 2022. https://ninanews.com/Website/News/Details?key=944919
butterfly The National Approach Alliance: The Council of Ministers replaced a three billion dinars company under the pretext of the dollar price difference
Wednesday 15 December 2021 The National Approach Alliance confirmed that the Council of Ministers compensates the company that implemented the international access gates project with 3 billion dinars on the justification of the rise in the price of the dollar without taking into account the impact on the general citizens and in the absence of legal basis.
The coalition said in a statement: "The decisions of the Council of Ministers in its session yesterday included the approval of adding an amount (three billion) dinars, from the allocations of the Media and Communications Authority, as additional allocations for the costs of the International Access Gates (IGW) project for Internet services."
He added, "The strange justification in the rationale of the decision is that the disbursement of this additional amount to the company that completed the project came as a result of the depreciation of the Iraqi dinar after the decision to raise the price of the dollar, for the purpose of compensating the company for the difference in the value of the dinar before and after the contract!!,
so what is the legal document to assign the state three And if the change in the price of the dollar and the consequent devaluation of the Iraqi dinar notice its impact on companies, why not notice its impact on the general citizens and take into account their basic obligations, which became more difficult to collect after this unjust decision to raise the price of the dollar.
butterfly He pointed out, "He finds the government and those who supported its decision and voted on it in Parliament are making allocations to compensate the difference in contractors' obligations after the decision to raise the dollar by hundreds of billions of dinars, and it does not find any measures that compel the damage and reduce the complications that were reflected in the decision to raise the dollar on the poor and low-income and they are in the millions,
knowing that the origin of the decision to raise The dollar was wrong, and the justifications for its promoters and enthusiasts were found to be unrealistic, which calls for reviewing it and returning the dollar exchange rate to what it was before. https://ninanews.com/Website/News/Details?key=944954
butterfly CBI sells 170$ million in the currency auction today 2021-12-15 06:31
Shafaq News/ The Central Bank of Iraq (CBI) auctioned $170 million in foreign currency today, Wednesday.
Shafaq News Agency correspondent said that the CBI sales of foreign currency in today's auction amounted to $201,729,766.
Our correspondent explained that 8 banks and 149 exchange companies cashed out $27,830 million, while the remaining $173,899,766 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-sells-170-million-in-the-currency-auction-today
butterfly US companies show interest to invest in the Region's electricity field 2021-12-14 11:01
Shafaq News/ The official of the political-economic section of the US Consulate General in Erbil visited the Ministry of Electricity in the Kurdistan Region today, and expressed his country's readiness to help produce electricity with solar energy in the Region.
The Ministry said in a statement that Minister Kamal Muhammad Salih, who received the US Consul General, shed light on the participation of American companies in projects that produce electric power through solar energy.
The statement added that the two sides discussed extending the 400KV line, as well as producing electricity with wasted associated gas from in coordination between Baghdad and Erbil.
The Minister revealed that the hydropower projects to produce 300 megawatts will soon be implemented in Zakho, Soran, Garmyan and Raperin, calling on the US side to build power stations in Sheikhan, Makhmour and Jbara, which are included in the Article 140 areas.
According to the statement, Salih said that the Ministry did not have a share of the United States and other countries' aid or loans.
For its part, the American delegation Highlighted two important projects in the electricity sector in the region; the one for producing power from wasted associated gas, and the smart meter project, stressing that the American diplomatic mission in Iraq is highly interested in them. https://www.shafaq.com/en/Kurdistan/US-companies-show-interest-to-invest-in-the-Region-s-electricity-field
Bobby Cahill The Minister revealed that the hydropower projects to produce 300 megawatts will soon be implemented in Zakho, Soran, Garmyan and Raperin, calling on the US side to build power stations in Sheikhan, Makhmour and Jbara, which are included in the Article 140 areas.
Bobby Cahill Now imagine what 1 megawatt could do
Bobby Cahill lol gotta have proper electricity to enter the 21st Century. The problem here has been why don't they give the Electricity Sector to the Private Sector and let it thrive. The GOI have proven they used electricity as a subsidy to the public and lose billions in doing so. Ideally we want to see Iraqi Companies run the sector(s), have those companies enter the ISX, and we invest in their stocks. For now Iraq's a land/investment grab with no ROI
butterfly Legal: Cancellation Of The Elections Reconvenes Parliament And Ends The Status Of The Caretaker Government
12/15/2021 | 9:46 AM Legal - Cancellation Of The Elections Reconvenes Parliament And Ends The Status Of The Caretaker GovernmentInformation / Baghdad…
Legal expert Ali Al-Tamimi explained, on Wednesday, that canceling the elections will return Parliament to its work and sessions again, as well as end the caretaker status of the government, ruling out that the court will go to the option of canceling the elections.
Al-Tamimi told Al-Maalouma, “If the Federal Court decides to cancel the elections, it is not possible to hold them again, because they are exceptional elections in accordance with Article 64 of the Constitution, as Parliament was dissolved on October 7 last, provided that the elections take place on the tenth of the same month. “.
He added that “cancelling the elections removes with it the condition of dissolving Parliament and is not fulfilled, and accordingly the President of the Republic issues a decree retracting the setting of the date and the Parliament feels that the elections have been canceled in order for the House of Representatives to return to meeting again, for the purpose of issuing a decision not to dissolve itself so that the time for holding the elections remains at their scheduled date each 4 years”.
And he indicated that “the court is likely not to go to cancel the elections, but if it happens, Parliament will return again to hold its sessions,” noting that “the government returns with full powers and the concept of conducting daily business ends.” finished/ 25 n almaalomah.me
butterfly After The Fraud Was Proven .. Can The Federal Court Cancel The Election Results?
12/15/2021 | 5:02 PM After The Fraud Was Proven .. Can The Federal Court Cancel The Election Resultsinformation / special
The independent candidate, Saad Al-Mutalibi, confirmed, on Wednesday, that “the Federal Court will not cancel the results and will ratify them as a reality that has taken place and cannot be reversed.”
Al-Mutalibi said, in a statement to the “Information” agency, that “the Iraqi constitution grants the judiciary and the Federal Court the honor to take decisive measures in sensitive times, and the process of canceling the results constitutionally and legislatively has the right to do so.”
He added, “We doubt the possibility of canceling the results by a judicial decision, due to the presence of some considerations, in addition to that it will not repeat the elections again,” noting that “the court will only issue symbolic and nominal penalties to the commission’s employees.”
He pointed out that “the postponement process took place due to the Commission’s request for evidence proving the integrity of the results, and on the basis of that, the call was postponed to the 22nd of this month.”
The forces objecting to the results are awaiting on December 22 the decision of the Federal Court regarding the appeals submitted in the election results and suggestions that the judiciary will be satisfied with issuing penalties and bans against the Commission’s employees and the company supervising the safety of biometric devices. almaalomah.me
butterfly American interventions and pressures to choose the personality of the President of the Republic
Posted, 2021-12-15 American interventions and pressures to choose the personality of the President of the RepublicA political source revealed, on Tuesday, the existence of American interventions by the envoy of the American President Brett McGurk regarding the nomination of the President of the Republic for the next session.
The source said that “McGurk, during his visit to the Kurdistan region, held meetings with the leaders of the Patriotic Union in Sulaymaniyah and will hold other meetings in Erbil with the leadership of the Democratic Party.”
He added that “McGurk wants to impose the wills on the political leaders to determine the personality of the president of the republic and in proportion to the directions of American politics, and is also working to convince the various parties, especially the Kurdish Democratic and National Union parties, of the personality whose candidacy for the presidency of the republic will be agreed upon.”
McGurk visited the city of Sulaymaniyah yesterday and met the Deputy Prime Minister of the provincial government Qubad Talabani. burathanews.com
butterfly Composed of 28 deputies.. The first political alliance between Arabs and Kurds in the Iraqi parliament
2021-12-15 07:24 Composed of 28 deputies.. The first political alliance between Arabs and Kurds in the Iraqi parliamentShafaq News / It was announced in Baghdad, on Wednesday, the emergence of the first political alliance between Arabs and Kurds in the Iraqi parliament, consisting of 28 winning deputies in the legislative elections that were held last October 10.
This came during a press conference, which was held in the presence of the head of the New Generation Movement, Shaswar Abdul Wahed, and the head of the extension movement, Alaa Al-Rikabi, and in the presence of Shafak News Agency correspondent.
And the alliance that bore the name “For the People” includes the new generation, the extension movement, and a number of independents, with a total of 28 winners in the last elections.
During the press conference, Abdel Wahed said, “National constants are an essential part of the national base, and the electoral process is part of democracy, but it is not a decision and a culture to work with as a society.”
He added that “the doors of the coalition are open to the honorable people of the country and those who want to build the country, and there is no place among us for those looking for their personal interests,” declaring at the same time, rejecting “all government positions, and adhering to the national opposition.”
In response to a question for Shafaq News, Shaswar explained, “The coalition includes 18 seats from the New Generation Movement and an extension, and with a number of independents reaching 28 seats, and it may reach more than that,” adding, “We believe that a number of MPs will join in the future to join the movement.” The coalition may reach 40 opponents in Parliament.
butterfly For his part, the head of the extension movement, Alaa Al-Rikabi, noted that this is the first time that he has announced a political alliance that includes the brothers in the one country, Arabs and Kurds, and through the alliance, we seek to unify the efforts of all political decisions, including parliamentary ones.
Al-Rikabi added: “Our alliance is for the sake of the people, and we will not participate in any quota government, and we will be a true and proud opposition during the current parliamentary session,” explaining that “the opposition within Parliament will be for political and other projects that harm society.”
He pointed out that “the coalition (for the people), is part of the people, and the demonstrations were expressing the people, and the problem was in the administration,” noting that “the future generations in the country, if the real opportunity is provided, will have a role in leading this country.” shafaq.com
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