Zig’s Place Chatroom News Thursday AM 12-9-21
Zig’s Place Chatroom News Thursday AM 12-9-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly Economist: Two Parties Benefit The Most From Changing The Exchange Rate
12/09/2021 | 5:21 PM Economist - Two Parties Benefit The Most From Changing The Exchange RateInformation / Baghdad..
The economic expert, Manar Al-Obaidi, stated, on Thursday, that companies and banks are the biggest beneficiaries of the exchange rate change that took place at the beginning of this year.
Al-Obaidi said, in a post on his Facebook page, which was followed by the “Information” agency, “At the beginning of 2021, the exchange rate of the dinar against the dollar was changed, and one of the goals was to reduce the differences between the official exchange rate and the exchange rate in the local market.”
He added, “Depending on the data of the Central Bank of Iraq, the value of sales in central dollars from the beginning of 2021 until October 2021 amounted to about 29 billion US dollars, a decrease of 20% compared to 2020 and by 31% compared to 2019, but it is still higher than the sales of the Central Bank for the year 2016 which amounted to $26.5 billion.
He pointed out that “the percentage of differences between the central exchange rate and the exchange rate in the local market amounted to 1.82%, and the value of the differences until October of this year amounted to 526 million US dollars, a decrease of 52% compared to 2020, where the value of the differences was 1.11 billion US dollars, but the differences increased.” Compared to 2019, by 13%, where the value of the differences was 464 million US dollars.”
butterfly He continued, “The year 2015 was the highest in differences, as it amounted to 2.6 billion US dollars at the time, or 7.41% of the total sales. Therefore, reaching 1.82% is considered an achievement in reducing the value of the differences significantly.”
He considered that “these differences made profits for many banks and companies that benefited from these amounts, especially in the years (2015, 2016 and 2017), where the percentage of differences exceeded 7%.”
He pointed out that “the total differences between 2010 and 2021 amounted to more than 18 billion US dollars, representing 4% of the total sales of the Central Bank, which amounted to 450 billion US dollars.” finished/25h almaalomah.me
butterfly WELL NOW THIS IS VERY GOOD NEWS: The Central Bank of Iraq announces the suspension of the automatic deduction of Kuwait’s compensation
The Central Bank of Iraq announces the suspension of the automatic deduction of Kuwaits compensationThe Central Bank of Iraq announces that it has terminated all necessary banking arrangements with the US Federal Reserve to stop the automatic deduction of Kuwait’s compensation from Iraqi crude oil export revenues, and confirms the possibility of paying the entire remaining amount of compensation before the end of the current year 2021 to end this file.
Central Bank of Iraq information Office December 9, 2021 cbi.iq/news/view/1891
butterfly After the Central Bank banned dealings with it, the National Bank of Iraq distances itself from the Shawaqfeh
2021-12-09 07:44 After the Central Bank banned dealings with it the National Bank of Iraq distances itself from the ShawaqfehShafaq News/ On Thursday, the National Bank of Iraq denied its relationship with Khaled Al-Shawaqfeh, who was prevented by the Central Bank of Iraq from working in the Iraqi central sector in general.
A statement issued by the bank stated that what was recently circulated through social media and some news websites related to the decision of the Central Bank of Iraq to prevent Khaled Al-Shawaqfeh from working in the banking sector, which was incorrectly referred to in those websites as the authorized director of the National Bank of Iraq, is a disgrace. about health.
The statement added that the authorized director of the National Bank of Iraq is Ayman Omran Abu Dhaim, who has held his position since 2018 until now, noting that the bank represented by its authorized director Abu Dhaim has nothing to do with what was circulated and that the name of the bank was incorrectly mentioned by those media outlets.
In its statement, the bank noted that “through its strong commitment to standards of transparency and integrity, it enjoys the confidence of the supervisory authorities in Iraq, especially the Central Bank of Iraq, and enjoys a reputable reputation in the Iraqi market, through which it was able to expand its customer base and gain their trust.”
butterfly The bank continued that it was able to become the fastest growing bank for individual services in Iraq with its advanced services, which the bank provides through its 19 branches located in all Iraqi cities. It provides its services to individuals and companies through its advanced digital platform based on the latest technologies.
The bank also indicated that it had recently obtained the approval of the Iraqi and Saudi Central Banks to open a branch of the bank in the Kingdom of Saudi Arabia, and this step comes as a continuation of the expansion plans pursued by the bank. Note that the National Bank of Iraq is part of the Capital Bank Group – Jordan, which is considered one of the most important financial institutions in the region.
And the Central Bank decided to ban dealing with the so-called Khaled Ahmed Al-Shawaqfeh.
According to a letter signed by the Deputy Governor of the Central Bank, Imad Hamad Khalaf Agency, and reviewed by Shafak News Agency, it was decided to permanently prevent Al-Shawaqfeh from working in the Iraqi banking sector due to grave violations and non-compliance with the laws, regulations and circulars issued by the bank, the Anti-Money Laundering Office, and financing terrorism. shafaq.com
butterfly Washington stops the automatic deduction of Iraqi oil revenues to compensate Kuwait
2021-12-09 Washington stops the automatic deduction of Iraqi oil revenues to compensate KuwaitThe Chairman of the Committee of Financial Experts, Abdul Basit Turki, revealed today, Thursday, that the US Federal Reserve has stopped the automatic deduction from Iraqi oil revenues in favor of Kuwait’s compensation.
Turki said in a press interview, “The Committee of Experts received a notification from the Central Bank of Iraq and the Compensation Committee, stating that the US Federal Reserve had stopped the deduction.”
Pointing out that “a final batch of Kuwait’s compensation amounting to 43 million dollars remains to be paid through the Central Bank of Iraq in one go, so that Iraq will end these compensations in full, which amount to 52.38 billion dollars.”
And he indicated that Iraq should seek to get out of the provisions of Chapter VII of the UN Charter.
Turki called for “the Ministry of Foreign Affairs and the concerned authorities to move to urge the formulation of a draft resolution that includes removing Iraq from the provisions of Chapter VII of the Charter of the United Nations completely.”
The Iraqi government intends to pay the last batch of compensation for the Kuwait war, before the end of this year, after depositing, the day before yesterday (Tuesday), more than 207 million US dollars, in the compensation account with the US Federal Reserve, to end the compensation file completely.
The UN Compensation Committee was formed in 1991, obligated Baghdad to pay $ 52.4 billion in compensation to individuals, companies, governmental organizations and others who incurred losses resulting directly from the invasion of Kuwait.
Iraq stopped making payments in 2014 during the war on ISIS, the terrorist organization that took control of large parts of the country, but it resumed payments in 2018. burathanews.com
butterfly After the conquest, Al-Watania filed a lawsuit with the Federation of 14 evidence to cancel the elections
2021-12-09 After the conquest Al-Watania filed a lawsuit with the Federation of 14 evidence to cancel the electionsThe National Coalition, headed by Iyad Allawi, announced, on Thursday, that it had filed a lawsuit with the Federal Court, in which it challenged the electoral process.
The coalition stated in a statement that it “presented to the Federal Court 14 technical and administrative violations that accompanied the holding of the past elections, as well as the constitutional and legal violations committed by the Electoral Commission, reinforced by arguments, arguments and conclusive evidence that led to a change in its results and caused great harm and distorted the true numbers of voters.”
The statement added, “The changes that took place in the final results after examining a number of boxes are clear evidence of fraud in the results of those elections.”
In its statement, the coalition demanded that the electoral process should be “abolished completely in accordance with the provisions of the constitution and in accordance with the provisions of the jurisprudence and legal rule (what is built on falsehood is false).” burathanews.com
butterfly Within a week .. 7 billion shares were traded with more than 7 billion dinars in the Iraqi Stock Exchange
Thursday 09 December 2021 The Iraqi Stock Exchange organized, during the first week of the current month of December, five trading sessions from Sunday, 05/12/2021 to Thursday, 09/12/2021.
A statement to the market stated: The number of shares traded during this week amounted to more than (7) billion shares, and the value of shares traded this week reached more than (7) billion dinars.
He added: The trading index closed in the market for the first session of the week at (563.66) points, while the index closed at the end of the week at (561.57) points, recording a decrease of (0.37%) from its closing in the first session.
He explained: During the week, more than (4000) sale and purchase contracts were executed on the shares of companies listed in the market. https://ninanews.com/Website/News/Details?key=943836
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