Zig’s Place Late Night / Early AM Tuesday 5-25-21

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

Sandyf  @BobbyC It's been the IQD since the early 1900's I see no reason why that will change. - The reason would be exactly the same as many other countries that have changed the ISO code, Redenomination. Zimbabwe in its relatively short life had had 4 currencies, ZWD,ZWN,ZWR and the latest ZWL. Everyone calls it the ZIM because they do not understand ISO codes or the difference between an active currency and a discontinued one. Everyone in dinarland will have to give a shxx if the IQD becomes discontinued through redenomination.

Sandyf   Currencies are controlled under ISO 4217. In the event of a redenomination the new currency will be placed in Table 1 and the superseded currency will be moved to Table 3. https://www.iso.org/iso-4217-currency-codes.html

BobbyC   sandyf I've always said a re denomination was a very real possibility, one of 3 in my thinking, our end game would be over so therefore I could care less about an assigned ISO. My question was the IQD has always been the IQD even during the Sadam era and post Sadam era with a new currency (denominations) yet it was still called the IQD. Now did it get a new ISO assignment? Usually a corresponding number aside the 4217? I have no idea

Butterfly   Advisor to the President of the Republic: The Law on Recovering Stolen Funds and Its Proceeds monitors assets that exceed 500 thousand dollars

Monday 24, May 2021 23:06...............Advisor to the President of the Republic, Abdullah Al-Zaidi, announced that the Law of Recovering Stolen Funds and Its Proceeds monitors assets that exceed 500 thousand dollars.

Al-Zaidi said in a televised statement: "The law to recover the stolen money and its proceeds pursues the files even after death."

He continued, "The law obliges all officials to authorize that removes the secrecy of their bank accounts, indicating that the authorization will allow monitoring of accounts internally and externally, indicating that the money-back law is not limited to a specific time.

The President of the Republic, Barham Salih, presented a draft law for" recovery of proceeds of corruption "and accountability. The spoilers are brought to justice, according to a presidential statement received on Sunday, the Iraqi National News Agency / NINA/ A copy of it:

"The draft law on" recovering proceeds of corruption "submitted by the President to the House of Representatives guarantees that all Iraqi state officials who have held the highest positions most vulnerable to corruption, from 2004 until now, are subject to the rank of director general and above, The competent financial authorities prepare a documented list of the occupants of these positions during the past 17 years .

butterfly   Al-Abadi launches the "Let me participate" initiative to support and protect the right to be elected and elected

Monday 24, May 2021 23:08.....The head of the victory coalition, Dr. Haider al-Abadi, launched today: The National Campaign (Let me participate), to ensure the right of candidates and voters to participate in the upcoming elections without intimidation or imposing wills.

In a statement, through this initiative, Al-Abadi called on governmental institutions and political forces to guarantee the right to fair, secure and fair electoral participation.

The “Let Me Participate” initiative is a national media campaign aimed at: protecting candidates and voters alike, and ensuring broad popular participation in the elections. And pressure on relevant institutions and political forces together to provide a peaceful, secure and fit electoral environment for electoral participation for candidates and voters, which is a media campaign on the diversity of visual, read, written and communicative media to implement (let me participate) programs, and through partnerships with activities with media institutions, websites and civic youth organizations to expand the base of activities And at different age and regional levels.

Butterfly   The Chairman of the Board of Commissioners discusses with the deputy UN Special Representative the latest preparations for holding the elections as scheduled

Tuesday 25, May 2021 16:17....................The Chairman of the Board of Commissioners, Judge Jalil Adnan Khalaf, discussed with the UN Deputy Special Representative for Iraq for Political Affairs and Electoral Assistance Ingebjburg Solron Gisladottir, the latest preparations for the elections as scheduled.

The Commission stated in a statement received by the Iraqi National News Agency / NINA / a copy of it: “The Chairman of the Board of Commissioners discussed during the meeting, which was attended by a member of the Board of Commissioners, Ahlam Al-Jabri, with Ingebeurg, the latest preparations for holding the elections on the scheduled date of October 10, and what the commission cadres are making of Preparations for distributing the biometric voter card. "

For her part, the Deputy Special Representative of the United Nations Special Representative in Iraq, Ingebeurg, praised what the Commission is currently doing, considering that the great work in a difficult period that requires from all concerned a lot of support and support.

Judge Jalil Adnan Khalaf emphasized the necessity of this continuous communication with the United Nations mission and informing it of the procedures of the Board of Commissioners step by step.

butterfly  The Foreign Minister receives a copy of the credentials of the Philippine ambassador to Baghdad

Tuesday 25, May 2021 16:13.................Foreign Minister Fuad Hussein received today, Tuesday, a copy of the credentials of Genresu Kalonk, the Philippine ambassador to Baghdad.

The Foreign Ministry stated in a statement that the Iraqi National News Agency / NINA / received a copy of it: "During the meeting, the two sides discussed relations between the two countries, and ways to enhance them in the interests of the two friendly peoples."

The minister expressed Baghdad's aspiration for a greater role for the Philippines in various fields, stressing Baghdad's interest in strengthening communication between officials of the two countries and opening channels for bilateral cooperation, calling for continued work to raise levels of coordination and consultation at all levels.

The minister wished the ambassador success and success in his duties in Baghdad, expressing the readiness of the Ministry of Foreign Affairs to provide all services to the diplomatic mission. To achieve the common interests between the two countries.

butterfly  2021-05-25 06:14  Shafaq News / The Executive Director of Small Industries and Industrial Towns of Iran, Ali Rasoolian, confirmed today his country's willingness to cooperate with Iraq in the field of joint production and export.

"The proposed cooperation will be based on the consensus reached between the Iranian Ministry of Industry, Trade, and Minerals and Iraqi officials," he said.

Rasoolian expressed the organization’s readiness to set up commercial meetings and establish industrial networks in the Kurdistan region.

For his part, the governor of al-Sulaymaniyah, Havall Abubakr, confirmed that it was agreed to establish an industrial city on the borders of Bashmakh, bordering Kurdistan.

He pointed out that the cooperation between the Iranian Kurdistan Governorate and the Kurdistan Region of Iraq resulted in an ongoing business even amid COVID-19, and the increase in inter-border trade by 450 million dollars.

butterfly   2021-05-25 05:47 Shafaq News / the Central Bank of Iraq on Tuesday, announced an increase in the foreign currency exchange.

Shafaq News Agency correspondent said that the foreign currency auction of the Central Bank of Iraq recorded a 3.28% increase to 189,223,450 dollars which the bank covered at an exchange rate of 1460 dinars per dollar.

He added that the sales operations were in the form of wire transfer and credits (137,923,450$) and cash money (51,300,000$).

Last December, Iraq’s central bank increased the sale price of U.S. dollars to banks and currency exchanges to 1,460 dinars, from 1,182 dinars, seeking to compensate for a decline in oil revenue due to low crude prices.

The central bank of Iraq said the key reason behind the dinar’s devaluation was to close the gap of widened 2021 budget inflation after a collapse in global oil prices, a major source of Iraq’s financial resources.

butterfly 2021-05-25 04:27 Shafaq News / The dollar exchange rates stabilized in the Iraqi market today, Tuesday (May 25, 2021).

• The Kifah Stock Exchange recorded 148,850 dinars, for $ 100.

• The Al-Harthiya Stock Exchange recorded 148,850 dinars for 100 dollars.

In Baghdad   Selling prices in the banking stores in the local markets

•Sale price: 149,250 dinars for $ 100  • Purchase price: 148,250 dinars for $ 100

In Erbil  Selling prices in the banking stores in the local markets

•Sale price: 149,000 dinars for $ 100  • Purchase price: 148,500 dinars for $ 100

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