Zig’s Place Chat and News Friday Late PM 3-5-21

Zig’s Place Chat and News Friday Late PM 3-5-21

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

Butterfly  Everything that is being presented today about the dinar has been said from day one, BUT people still think that this information is NEW. It just amazes me that people have short memories or do not pay attention. I use to post thousands of articles from the government/parliament and nothing has changed but different people doing the same the others did.

Sheila  butterfly people want hope. individual responsibility. listen, read, filter... free will to choose.

Sparky  butterfly ... but, I used to like hearing from Shab's and " the appearance of " ... ,lol ...

butterfly  No one is taking that away from them Sheila

Sparky  ... Muhaamed Saleh ... former VP of CBI ...

butterfly  OMG Sparky he was going to save the world. I do remember that also LOL

butterfly  He left, I may be wrong, but wasn't it Switzerland?

Sparky  butterfly ... went on a conference trip, and Maliki voided his passport back ... in my re collection ...

Zig  Someday, hopefully, we will profit from this....

Sheila hearing this will go in the next nine days

Sparky ... 2014 Maliki lost the PM to Abadi, and ISIS was born ...

Zig sheila : Put earplugs in....LOL

butterfly  I will be giving it to my grandsons to give to their children. If I gave it to my great grandchildren now they would not know what to do with it.

Sparky  butterfly ... place them in a diary ...

Zig  sheila : But I hope you are right...not holding my breath though....

butterfly  sheila sorry but I don't know what you are saying.....what will go in the next nine days?

Sheila  currency revaluations

butterfly  Oh my

Sheila  dinar being linchpin

Zig  Nine days until   :Cash: lol

Sparky  Zig ... yup, I can hardly wait ...

butterfly  OK I don't use much of the emoji's but that did make me laugh. Sorry I sincerely do not want to offend anyone.

Sparky  butterfly ... your awesome ! and I appreciate you !

butterfly  My life is so full with helping people that need help that I refuse to waste my time with the "hopium".

Sparky  ... hopium is cool , too ...

butterfly  Thanks Sparky but I am and have been too much of a realist.........just ask Zig......I have slammed him many times throughout this long journey of the dinar "hopium" .

Sparky  ... reality is better ...

Zig  butterfly : You can sure be a KILLJOY at times....LOL

Sparky  butterfly ... remember when Maliki drove all the troops up north and west, than, when he lost the ministry, had them leave all the tanks and armor, even outfits ...to ISIS in 2014 election ?...

butterfly  OK......it has been fun. Nothing new to post with the Pope visit, and I have to step away. Everyone have a great rest of your day. One thing people don't understand Sparky is when people have been told how to live their lives, they don't know how to correct that behavior. That is what dictatorship does to the mind......simple explanation cult minds take decades to change, if ever. Put that into what the folks in the middle east are going through.

Sparky  ... looks like Kurds and Sunni / Shiite have differing opinions on fossil fuel monetary compensation allotments ... the stuff comes out of the ground ... why aren't they paid for their countries wealth ... HCL ... who decides who benefis from the equity beneath all their feet ... only those that have funds to extract the wealth ...

Sparky  ... I guess he with the gold, makes the rules ...

butterfly Here is some tomorrow news.

butterfly  Pope Welcomed in "Cradle of Civilisation" 6th March 2021 in Politics

https://www.iraq-businessnews.com/2021/03/06/pope-welcomed-in-cradle-of-civilisation/      

butterfly  Pope Francis was welcomed to Iraq on Friday by President Barham Salih and Prime Minister Mustafa al-Kadhimi.

Describing Iraq as the "cradle of civilisation", the Pope said Iraq's diversity was a "precious resource on which to draw, not an obstacle to eliminate".

He appealed for peace, and said:

"May room be made for all those citizens who seek to cooperate in building up this country through dialogue and through frank, sincere and constructive discussion ... May no one be considered a second-class citizen."

butterfly  Iraqi Former Minister Jailed 6th March 2021 An Iraqi court has sentenced Riyadh Abdul Hamza Abdul Razaq, ex-Minister of Municipalities and Labour, and Hashem Abdul Zahra Aziz, a director of the Ministry, to two years in prison in relation to a "breach of contract" in the supply and installation of 17 asphalt factories.    https://www.iraq-businessnews.com/2021/03/06/iraqi-former-minister-jailed/     

The contract, signed in 2007, was valued at $25 million.

Sparky  May no one be considered a second-class citizen."

butterfly  That is it for now.

Sparky  butterfly ... Barham Salih took over for Talibani ...... and his wife was a terror also ..... forget her name at the moment ..... remember when Maliki poisoned him, and his wife tookover Kurdistan ...

Sparky  ... I believe her name was hero .... but, I could be wrong ...

Sparky  ... Talibani was one of the Presidents of the country at the time ... circa 2013

Sparky  ... I remember ...  ... Sistani was our hope yesterday ... let's see what transpires with the Papal visit ...

Sparky  ... Kurd's wand     Kurd's want 27% HCL ... Bahgdad said 17 % ... and round and round it goes... as they become multi billionaires... and the people suffer ...... they share profits off the ground... and keep the peeps poor and hungry ...... I bet books are banned in Iraq ...... they want people stupid like Q ...

Sparky  ... In Iraq, Christians went from over 2 million, to less than 300,000 today because of ra dical Islam in the middle east ...

 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

Zig’s Place Chat and News Friday AM 3-5-21

Zig’s Place Chat and News Friday AM 3-5-21

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

Butterfly     OPEC+ extends most oil output cuts into April

butterfly  2021-03-05 01:17   Shafaq News/ OPEC+ has agreed to keep oil output levels broadly unchanged in April, two OPEC+ sources told Reuters.

Russia and Kazakhstan have been allowed modest production increases under the deal, the sources added.

Kazakh Energy Minister Nurlan Nogayev said OPEC + decided to keep oil production nearly stable in April 2021, “Under Thursday’s deal, Russia was allowed to raise output by 130,000 bpd in April and Kazakhstan by another 20,000 bpd to meet domestic needs.”

The news pushed oil prices back towards their highest levels in more than a year with Brent trading up 5% above $67 a barrel as the market had expected OPEC+ to release more barrels.

OPEC+ had cut output by a record 9.7 million bpd last year as demand collapsed due to the pandemic. As of March, it is still withholding about 7 million bpd, or 7% of world demand. The voluntary Saudi cut brings the total to about 8 million bpd.

“Everybody (else) is going to maintain the freeze,” Saudi Energy Minister Prince Abdulaziz bin Salman told a news conference to outline the deal.

He said Saudi Arabia would decide in the next few months when to gradually phase out its 1 million bpd voluntary cut “at our time, at our convenience”.

“We are not in a hurry to bring it forward,” he said.

The Saudi minister and Russian Deputy Prime Minister Alexander Novak, lynchpins in the OPEC+ group, had earlier told OPEC+ ministers the recovery in demand was fragile.

Novak said after the meeting that OPEC+ had to tread cautiously to avoid overheating the market

https://shafaq.com/en/Economy/OPEC-extends-most-oil-output-cuts-into-April       

butterfly   Gold slides to nine-month low as Powell's remarks make yields rally

https://shafaq.com/en/Economy/Gold-slides-to-nine-month-low-as-Powell-s-remarks-make-yields-rally

5 Mar 21, 09:03 AM butterfly  2021-03-05 02:09  Shafaq News/ Gold declined to a near nine-month low on Friday and was set for a third straight weekly decline, as the dollar and bond yields rose after Federal Reserve Chair Jerome Powell's remarks that the rise in yields were not "disorderly."

Spot gold eased 0.3% to $1,692.13 per ounce by 0515 GMT, having earlier fallen to its lowest since June 8 at $1,686.40. For the week so far, it is down 2.3%.   U.S. gold futures fell 0.6% to $1,690.40.

Powell on Thursday repeated his pledge to keep credit loose and said although the rise in yields was "notable", he did not believe the Fed will have to intervene to bring them down.

"Clearly, Powell wasn't dovish enough for markets overnight and, in some ways, greenlighted higher U.S. yields by saying he was comfortable with that," said OANDA senior market analyst Jeffrey Halley.

"All signs point to the bond tantrum continuing," Halley said, adding it seems inevitable that gold will break below the current levels and lodge deeper losses to the $1,600 region.

The U.S. 10-year yields held above 1.5%, while the dollar surged to three-month highs. Higher yields increase the opportunity cost of holding non-interest paying bullion.

"Powell's remarks just reinforce the sense that the Fed is slowly moving in the direction of acclimating markets toward there not being substantial further policy support," said DailyFX currency strategist Ilya Spivak.

Markets are also starting to take into account that with the ramp up in vaccines, another U.S. fiscal package and increasing inflation expectations, the Fed might consider tightening sooner than they expected, Spivak said.

Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Trust fell to lowest since May on Thursday.

Silver fell 0.5% to $25.17 an ounce, and was down 5% for the week, its worst since late-November. Palladium eased 0.2% to $2,334 and platinum shed 0.6% to $1,119.53.

butterfly  Oil guzzler India says OPEC+ decision to hit economic recovery

https://shafaq.com/en/Economy/Oil-guzzler-India-says-OPEC-decision-to-hit-economic-recovery    

butterfly  2021-03-05 03:18    Shafaq News/ India, the world’s third-biggest oil importer and consumer, on Friday said the decision by major producers to continue with output cuts as prices move higher could threaten the consumption led-recovery in some countries.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, agreed on Thursday not to increase supply in April as they await a more substantial recovery in demand amid the coronavirus pandemic. Crude prices rose after announcement and are up 33% this year.

Brent crude futures for May on Friday rose nearly 1%, to $67.44 a barrel, and are on track for a near 2% gain this week.

“As one of the largest crude-consuming countries, India is concerned that such actions by producing countries have the potential to undermine consumption-led recovery and more so hurt consumers, especially in our price-sensitive market,” Minister for Petroleum and Natural Gas Dharmendra Pradhan told Reuters.

India, hit hard by the soaring oil prices, urged producers to ease output cuts and help the global economic recovery from the coronavirus pandemic.

“We were really hopeful that OPEC and OPEC+ would have eased the production cuts to some degree taking into account the fragile recovery of the global economy, particularly in developing countries,” Pradhan said.

Rising oil prices are posing fiscal challenges for India, where heavily-taxed retail fuel prices have touched record highs in some parts of the country, threatening the demand-driven recovery.

India, Asia’s third-largest economy, imports about 84% of its oil and relies on Middle Eastern supplies for meeting over three-fifths of its demand.

Responding to India’s repeated request for an increase in output, Saudi Energy Minister Prince Abdulaziz bin Salman responded on Thursday by saying India should start using oil it bought cheaply during the price collapse last year.

However, he said, “we will continue to work with each other...we share th

butterfly  Most of the other articles are about the Pope visiting.and his security.

butterfly  Market Review: "Market Roars Back to Life"

https://www.iraq-businessnews.com/2021/03/05/market-review-market-roars-back-to-life/     

butterfly  The market, after January's 9.3% sell-off, resumed the rally that was ignited by the 22.6% devaluation of the Iraqi Dinar (IQD) against the USD in late December, ending February with a bang! The market, as measured by the Rabee Securities RSISX USD Index, ended the month up 25.7%, and is up 14.1% for the year.

February saw a resumption of the trends that drove the index's rally of 8.7% (in local currency terms) in the immediate aftermath of the currency's devaluation, in which both daily turnover and foreign buying increased meaningfully month-on-month.

However, the crucial difference this time is that these trends lasted the whole month, and their momentum was sustained throughout. Average daily turnover, excluding block transactions, increased 189% over the prior month and 145% over the average of the prior 12 months (first chart below).

A similar pattern, but less dramatic, was the resumption of foreign buying in both absolute terms and as a percentage of total buying (second chart belo   ).

butterfly   The article is way tooooo long to post, so you know what to do.....

butterfly    Pope to visit Iraq in Historic First

https://www.iraq-businessnews.com/2021/03/05/pope-to-visit-iraq-in-historic-first/     

Sheila   Hearing this is our weekend. Anything's possible. Nicks Intel Update -- https://nicksintel.wordpress.com/2021/03/05/03-05-2021-update/

butterfly     Pope's pilgrimage to Iraq and land of Abraham begins

https://www.al-monitor.com/pulse/originals/2021/03/iraq-pope-francis-baghdad.html     

The first-ever papal visit to Iraq starts as Pope Francis lands in Baghdad.

Butterfly     The Muslim Council: Pope’s visit gives hope for a better tomorrow

https://shafaq.com/en/Iraq-News/The-Muslim-Council-Pope-s-visit-gives-hope-for-a-better-tomorrow      

butterfly     2021-03-05 14:58    Shafaq News / The Muslim Council of Elders considered, on Friday the Pope’s visit to Iraq “a great opportunity to promote peace and to send a message of solidarity with all victims of violence in the region and the world."

The Council said in a statement, the historic visit comes to heal the wounds of the Iraqi people who suffered many years of wars and destruction. It gives Iraq and the region hope for a better tomorrow based on tolerance and acceptance of others."

"The Pope's keenness to visit Iraq -despite the challenges- reflects his belief in the spirit of human brotherhood ... away from calls for hatred, sectarianism and strife." The statement added.

The Council of Muslim Elders affirmed that the papal visit to Iraq and the efforts made by the Pope of the Vatican to promote peace "are correspondent with the council’s vision and objectives of promoting peace and coexistence ... and building a human relationship based on love and mutual respect."

Meanwhile, Secretary-General of the Council, Sultan Al-Rumaithi, said Pope Francis' visits to the Islamic world "strengthened bridges of dialogue between East and West,… the visits support the efforts of his older brother, Imam Ahmed Al-Tayeb, Sheikh of Al-Azhar, Chairman of the Council of Muslim Elders."

This common work reflected in a joint visit of the two religious symbols to the UAE signing a document on human fraternity for world peace and living together in Abu Dhabi in February 2019.

butterfly     President and people of Kurdistan to participate in the Pope’s reception

https://shafaq.com/en/Kurdistan/President-and-people-of-Kurdistan-to-participate-in-the-Pope-s-reception   

butterfly   2021-03-05 03:06   Shafaq News/ the President and the people of Kurdistan will receive Pope Francis during his historic visit to Iraq, Barzani said.

"I hope that the historic visit of Pope Francis to Iraq will strengthen peaceful coexistence and harmony among different religions and ethnicities of the country and will result in a better future for all. The people of Kurdistan and I are eager to receive His Holiness in Erbil." Kurdistan’s Nechirvan Barzani said on Twitter.

Pope Francis will make an Apostolic Journey to Iraq on 5-8 March 2021, visiting Baghdad, the plain of Ur, Mosul, and Qaraqosh.

Pope Francis will arrive today at Baghdad International Airport within hours, where an official reception will take place in presence of Iraq’ PM Mustafa Al-Kadhimi.

During his visit to the Country, the Pope will will head to Najaf, where he will meet Grand Ayatollah Ali Al-Sistani. Later, he will visit “Ur” Archaeological City in Dhi Qar Governorate.

The Pope will be received officially in Erbil Airport on March 7 where he will meet the Kurdish President Nechirvan Barzani and the civil and religious authorities.

Then head to Mosul where he will pray for the war victims in Hosh Al-Baya.

This will be the first-ever visit by a pope to Iraq.

Pope Francis has long expressed his desire to visit Iraq.

butterfly   https://lovinmalta.com/news/news-international/the-world-this-week-papal-visit-to-iraq-terrorist-attacks-and-news-from-the-qanon-shaman/

butterfly  The World This Week: Papal Visit To Iraq, Terrorist Attacks And News From The QAnon Shaman

butterfly     Interesting in this article should give all hope.....a sarcasm put in that post:

butterfly  The planet’s oldest known wild bird, an albatross named Wisdom, has had a chick at the age of at least 70!

butterfly  Here is something else to fill the "wait time".............................. https://www.newsweek.com/fact-check-was-pope-francis-once-nightclub-bouncer-1574178?piano_t=1 Fact Check: Was Pope Francis Once a Nightclub Bouncer?

butterfly   Have a good evening nothing really different from what I posted this AM. You will have to scroll up to see/read the articles.

Sparky  ... maybe Sistani and the Pope can work out a deal to get us 86 cents a pop .... in the coming days ...... no shortage of rockets from Iran ... on our bases ... not sure they realize there is a new sheriff in town ... Suadi does

Dave  .86cents.........fingers crossed.....satisfied with a nickle.......Mr. Sparky.......

Sparky  Dave ... my hair on fire to the bank ... all out ! Cash me in ...

Dave  would keep a few pink ones just in case

Sparky  ..yup, me too, but only a few ...

Dave  wait fer that 3,86

Sparky ... have to be young enough to spend it ...

Dave  turned 60 today......ouch

Dave April 6 we be rich......... sheila !

Sparky ... apparently yesterday wasn't another insurrection day ...

Sparky  ... me thinks Sheila was a hopin' ...

Dave  our fellow Qanonians been silent.....

sheila  @Dave Thinking it really could be this weekend. So yea, we be rich or wealthy by April 6 of this Year, 2021. dang straight to the bank we go!!!

Sparky    Q is the new stupid ...

Dave  beat you there!!!!!!    Sparky yeah.... missing that"I"

Sparky   ... better late than stupid ...IQ.....tried a pun....failed

Sparky.. only good news I see, is that Iraq paid down the debt to Kuwait, leaving a 3.5 B balance ... pocket change ..

 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

Zig’s Place Chat and News Thurs AM 3-4-21

Zig’s Place Chat and News Thurs AM 3-4-21

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

Butterfly   Iraq's Inflation index has increased remarkably, official statistics   2021-03-03 05:17   Shafaq News/ The Ministry of Planning announced on Wednesday that the inflation index increased dramatically.

The Central Statistical Organization mentioned in a statement received by Shafaq News Agency that the monthly inflation index rose by 0.9% last January compared to the previous month, along with the annual inflation index, which rose by 3.3% compared to the same month of 2020.

"The increase in dollar exchange rates since mid-December 2020 has caused a devaluation of local currency and an increase in the prices of goods and services for most of them are imported," they added.

The organization pointed out, "the increase of the monthly inflation index of December focused on the increase that happened in the goods and services department by 2.1% due to the rising costs of gold across Iraq."

"The health department also witnessed an increase of 1.3% as a result of the rise in the prices of the main medical products and services, which include pharmaceutical products such as blood pressure and diabetes medication, high physician wages in community-based clinics, and high services wages in community-based hospitals." They proceeded.

They explained further, "The housing department recorded a rise of 1.4% due to the rise in the water, electricity, fuel and rental fees by 0.2%, along with the education department which also increased as a result of the rise in the fees of private lessons in many governorates."

The organization confirmed that the rise of the annual index for January compared to the same month in 2020 came as a result of the increase in the tobacco department by 11.2%, as well as the annual rise in the housing department by 0.3%, and the health department by 13.6%."

They added that the transportation department recorded an annual increase of 9.7%, and the communications department recorded an annual rise of 5.8%. In comparison, the department of entertainment and culture rose by 11.1%, and the department of services and goods I   https://shafaq.com/en/Economy/Iraq-s-Inflation-index-has-increased-remarkably-official-statistics   

butterfly   Foreign currency exchange drops, Iraq’ central bank said

https://shafaq.com/en/Economy/Foreign-currency-exchange-drops-Iraq-central-bank-said

butterfly   2021-03-04 03:12 Shafaq News / the Central Bank of Iraq on Thursday, announced decrease in the foreign currency exchange for the fourth day in a row.

Shafaq News Agency correspondent said that the foreign currency auction of the Central Bank of Iraq recorded a 9.43% decrease to 106,016,000 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.

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   Gold prices in the Iraqi local markets today

https://shafaq.com/en/Economy/Gold-prices-in-the-Iraqi-local-markets-today-2-1    

butterfly  2021-03-04 03:06  Shafaq News / gold prices in the Iraqi wholesale and retail markets for today, Thursday (March 4, 2021)  The prices in Al-Nahr Street wholesale markets in Baghdad (in Dinars)

Sale

Purchase   one Mithqal (5 grams) of 21k of Gulf, Turkish and European gold   350,000

340,000  

one Mithqal (5 grams) of 21k of Iraqi Gold

320,000

315,000

The prices in Baghdad goldsmiths’ shops (retail) (in Dinars)

Sale

one Mithqal (5 grams) of 21k of Gulf gold  350,000 – 360,000

one Mithqal (5 grams) of 21k of Iraqi Gold  325,000-330,000

butterfly   Covid-19 pandemic affected about 11 million Iraqis, official

https://shafaq.com/en/Economy/Covid-19-pandemic-affected-about-11-million-Iraqis-official   

butterfly  2021-03-04 02:51  Shafaq News / pandemic‑related risks could further complicate the economic situation in Iraq, an official said on Thursday.

the Iraqi Prime Minister advisor Mazhar Muhammad Saleh said in an interview with Shafaq News Agency, closing down countries due to coronavirus pandemic is slowing global economy indicating that the country's gross domestic product in 2020 shrank by about 11 %.

"The poverty rate rose to more than 30% while unemployment among the youth jumped to more than 29%," He added.   "About 11 million Iraqis -25% of the population- have been affected by the pandemic."

Saleh pointed out that the daily-workers who do not have any stable job or monthly salary are the most affected part, “those people do not benefit from social welfare nor retirement systems and do not receive any support from the government."

It’s noteworthy that according to the International Monetary Fund (IMF) Iraq’s economy, which shrank due to Covid-19 and a sharp decline in oil revenue is poised to return to pre-pandemic levels by 2024.

The slowdown in the real gross domestic product reflects a drop in non-oil activity and reduction in crude output as a result of OPEC+ decisions, IMF said in February.

The IMF stressed the importance of fighting corruption in key public institutions and restructuring large state-owned banks to foster financial stability and develop the private sector.

Iraq has begun taking much-needed steps towards ensuring future economic stability.

The Central Bank of Iraq devalued the currency by about 23 % against the US dollar in December, a move the fund expects to help reduce external imbalances and preserve foreign exchange reserves.

The draft 2021 budget is intended to cut the fiscal deficit through various measures to raise non-oil revenue and contain the unsustainable expansion of pension bills and government wages, the IMF said.

Owing to the efforts, Iraq’s economy is expected to gradually recover and grow by 1.2 % and 3.9 % in 202

butterfly  Dollar exchange rates in Iraq

https://shafaq.com/en/Economy/Dollar-exchange-rates-in-Iraq-2-0    

butterfly  2021-03-04 01:55  Shafaq News / The dollar exchange rates dropped today Thursday (March 4, 2021) in the Iraqi market.

• The Kifah Stock Exchange recorded 145,300 dinars, for $ 100.

• Al-Harthiya Stock Exchange recorded 145,350 dinars, for $ 100.

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

•Sale price: 145,750 dinars for $ 100   •Purchase price: 144,750 dinars for $ 100

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

•Sale price: 145,300 dinars for $ 100  •Purchase price: 145,000 dinars for $ 100

4 Mar 21, 09:58 AM butterfly    Oil prices of OPEC Members

https://shafaq.com/en/Economy/Oil-prices-of-OPEC-Members-5

butterfly   2021-03-04 01:45   Shafaq News/ Basra Light climb on Thursday to more than 64$ recording the highest price among OPEC members.

As for other OPEC prices,  OPEC Members  Last  Oil price/barrel

UAE   Murban  61.78

Iraq  Basra Light  64.25

Iraq  Basra Heavy  60.25

KSA   Arab Extra Light  62.60

Algeria  Saharan Blend  63.65

Nigeria  Bonny Light  63.11

butterfly  Oil prices rise ahead of OPEC meeting

https://shafaq.com/en/Economy/Oil-prices-rise-ahead-of-OPEC-meeting     

butterfly  2021-03-04 01:14  Shafaq News/ OPEC and other oil producers, a group known as OPEC+, are considering rolling over production cuts into April instead of raising output as a recovery in oil demand remains fragile due to the coronavirus crisis, three OPEC+ sources told Reuters.  OPEC+ ministers hold a full meeting on Thursday.  U.S. West Texas Intermediate (WTI) crude futures rose 38 cents, or 0.63%, to $61.66 a barrel by 0524 GMT.   Brent crude futures rose 48 cents, or 0.75%, to $64.55 a barrel.

The market has been expecting OPEC+ to ease production cuts by around 500,000 barrels per day (bpd) from April.

Meanwhile, U.S. crude oil stockpiles surged by a record of more than 21 million barrels last week as refining plunged to an all-time low due to the Texas freeze that knocked out power for millions.

OPEC leader Saudi Arabia has also been expected to end its voluntary production cut of an additional 1 million bpd.

But three OPEC+ sources said on Wednesday some key OPEC members had suggested keeping the group’s output unchanged.

A ministerial panel meeting ended on Wednesday without making any policy recommendations, two OPEC+ sources told Reuters.

It was not immediately clear whether Saudi Arabia would end its voluntary cuts or extend them, they said.

Butterfly   Head of a parliamentary bloc: the federal court law in exchange for the budget

https://shafaq.com/en/Iraq-News/Head-of-a-parliamentary-bloc-the-federal-court-law-in-exchange-for-the-budget    

butterfly  2021-03-04 06:01  Shafaq News/ The head of the Irada Parliamentary bloc, Hussein Arab, revealed that some political parties put conditions on the passage of the budget law of 2021.

Arab told Shafaq News Agency, "Political forces are stipulating the passage of the federal court law, in exchange for the passage of the budget law of 2021," noting "the Federal Court law was included in today's session."

He pointed out that today's session did not include voting for the budget law, but there will be a special session for the 2021 budget, either Saturday or Sunday, where it will be passed upon everyone's approval.

 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

Zig’s Place Chat and News Wed PM 3-3-21

Zig’s Place Chat and News Wed PM 3-3-21

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

butterfly  BAGHDAD -- At least 10 rockets targeted a military base in western Iraq that hosts U.S.-led coalition troops on Wednesday, the coalition and the Iraqi military said. It was not immediately known if there were any casualties.  The rockets struck Ain al-Asad airbase in Anbar province at 7:20 a.m., coalition spokesman Col. Wayne Marotto said. No one claimed responsibility for the attack.

The Iraqi military released a statement saying the attack did not cause significant losses and that security forces had found the launch pad used for the rockets - a burned out truck It was found in the al-Baghdadi area of Anbar, about 5 miles (8 kilometres) from the base, an Iraqi military official said on condition of anonymity to discuss the attack with the media.   Video of the site shows a burning medium-sized truck in a desert area.

It was the first attack since the U.S. struck Iran-aligned militia targets along the Iraq-Syria border last week, killing killed one militiaman and stoking fears of a possible repeat of a series of tit-for-tat attacks that escalated last year, culminating in the U.S. drone strike that killed Iranian Gen. Qassim Soleimani outside the Baghdad airport.

butterfly  Wednesday's attack targeted the same base where Iran struck with a barrage of missiles in January last year in retaliation for the killing of Soleimani. Dozens of U.S. service members were injured, suffering concussions in that strike.

British Ambassador to Iraq Stephen Hickey condemned the attack, saying it undermined the ongoing fight against the Islamic State group. “Coalition forces are in Iraq to fight Daesh at the invitation of the Iraqi government,” he tweeted, using the Arabic acronym for IS. “These terrorist attacks undermine the fight against Daesh and destabilize Iraq.”

Denmark, which like the U.S. and Britain also has troops at the base, said coalition forces at Ain al-Asad were helping to bring stability and security to the country.

“Despicable attacks against Ain al-Asad base in #Iraq are completely unacceptable,” Danish Foreign Minister Jeppe Kofod tweeted. The Danish armed forces said two Danes, who were in the camp at the time of the attack, are unharmed.

Wednesday's attack comes two days before Pope Francis' is scheduled to visit Iraq in a much anticipated trip that will include Baghdad, southern Iraq and in the northern city of Irbil.

butterfly  Last week's U.S. strike along the border had been in response to a spate of rocket attacks that targeted the American presence, including one that killed a coalition contractor from the Philippines outside the Irbil airport.

After that attack, the Pentagon said the strike was a “proportionate military response” taken after consulting coalition partners.

Marotto said the Iraqi security forces were leading an investigation into the attack on Ain al-Asad.

U.S. troops in Iraq significantly decreased their presence in the country last year under the Trump administration. The forces withdrew from several Iraqi based across the country to consolidate chiefly in Ain al-Asad and Baghad.

Frequent rocket attacks targeting the heavily fortified Green Zone, which houses the U.S. Embassy, during President Donald Trump's time in office frustrated the administration, leading to threats of embassy closure and escalatory strikes.

butterfly   Rockets hit airbase housing U.S., coalition troops in western Iraq March 3, 2021 9:14AM EST

https://www.cp24.com/world/rockets-hit-airbase-housing-u-s-coalition-troops-in-western-iraq-1.5331651

butterfly   Ten rockets hit an Iraqi airbase with US troops

https://bulgarianmilitary.com/2021/03/03/ten-rockets-hit-an-iraqi-airbase-with-us-troops/     

butterfly    Iraq: Roadside bomb targets anti-Daesh coalition No casualties reported in attack on convoy carrying logistics for US-led anti-Daesh/ISIS forces in southern Iraqi province   03.03.2021

https://www.aa.com.tr/en/middle-east/iraq-roadside-bomb-targets-anti-daesh-coalition/2163539    

butterfly  BAGHDAD   A roadside bomb in Iraq's southern Al-Diwaniya province on Wednesday targeted a convoy carrying logistics for the US-led anti-Daesh/ISIS coalition forces in the country, a security source said.

There were no reports of casualties, the source said, adding that “limited material damage” was caused.

Washington blames armed Iraqi factions linked to Iran for being behind attacks targeting US interests in the country including its embassy and military bases where US soldiers are situated.

The Shia Hashd al-Shaabi group of nearly 40 militias with links to Iran has claimed responsibility for attacks on anti-Daesh/ISIS forces in the past and is said to be a part of the Hezbollah Brigades, which is backed by Iran.

Anadolu Agency has recorded 29 similar attacks in different parts of the country in the past 10 weeks.

On Thursday, an Iraqi security officer was wounded following an explosion targeting a convoy of supplies for the US-led coalition in the same province.

Currently, there are around 3,000 troops, including 2,500 US forces, fighting in the anti-Daesh/ISIS coalition.

Iraqi political forces have called for the withdrawal of the US troops in the country under a parliamentary decision issued on Jan. 5, 2020.

butterfly    Iraq has paid $49.5 billion as compensation to Kuwait

https://www.middleeastmonitor.com/20210303-iraq-has-paid-49-5-billion-as-compensation-to-kuwait/    

butterfly  The financial advisor to the Iraqi prime minister has revealed that his country has so far paid out $49.5 billion to Kuwait in compensation for the destruction of oil fields and facilities during the 1990-91 Gulf War.

In an interview with Iraq's Al-Sabah newspaper, Dr Mazhar Muhammad Saleh explained that Baghdad has still to pay the balance of the $52 billion claimed by the Kuwaiti government.

According to Saleh, three per cent of Iraq's oil revenues are deducted and used to pay the compensation through a bank account run by the Federal Reserve Bank in New York. This was dictated by UN Security Council Resolution 1483 in May 2003.

"The compensation is currently paid through the UN Compensation Fund," Saleh pointed out. He expects the balance to be paid within a year or perhaps a little longer, depending on the recovery of oil prices.

Zig  "Iraq News"....Dinar Investor AKA Jeff....3/3 https://www.youtube.com/watch?v=Bk6YW99H0so

Sheila  Dinar Investor (Jeff) (3/3) 2021 -- RIDE IS ENDING: POPE IN IRAQ MARCH 5-8 -- https://www.youtube.com/watch?v=5HIu1kAsVFE

Zig  sheila : I will say this about Jeff: He may turn out to be wrong but he is good at putting together a video...skilled...and entertaining....lol

Sheila    Zig exactly... makes you want to believe.

Dave  "the UN Compensation Fund," Saleh pointed out. He expects the balance to be paid within a year or perhaps a little longer, depending on the recovery of oil prices."........The UN intervening....wonder why??? Pope paying off that bad debit ?

Sheila  https://policonomics.com/ - search "currency exchange" -- some good articles

Sheila   Rumtel: now it's being said Dong won't go with Dinar. Dinar with middle east basket. Dong with asian basket. Don't know, just what's being said.

Sheila  Nicks Intel Update March 3, 2021 -- https://nicksintel.wordpress.com/2021/03/03/03-03-2021-update/

butterfly  https://en.mehrnews.com/news/170654/Iran-Iraq-ties-beyond-agreements-MoUs-Interior-min Iran-Iraq ties beyond agreements, MoUs: Interior min.

butterfly  TEHRAN, Mar. 03 (MNA) – Iran’s Interior Minister Abdolreza Rahmani Fazli said that the amicable relations between Iran and Iraq is beyond signing agreements and Memoranda of Understanding (MoUs).

Speaking in his meeting with visiting Iraqi Interior Ministry Delegation to Iran on Wed., Abdolreza Rahmani Fazli reiterated that relations between the two countries of Iran and Iraq do not confine within the framework of agreements and MoUs, rather, relations between the two states are based on beliefs, cultural, religious commonalities.   "We love the Iraqi people like our own people," he added.

Iran’s Ministry of Interior has made its utmost effort to expand and develop relations between the two countries, so that the interior ministries of the two countries can play a very important role in strengthening and broadening relations between the two countries. es

Elsewhere in his remarks, Rahmani Fazli pointed to the issue of dealing with terrorism and added, “In this field, the two countries have taken giant strides in the fight against terrorism. At the request of Iraqi government, Islamic Republic of Iran is ready to provide Iraqi government and people with advisory and logistics services whenever it is needed.”

One of the most significant cooperation between the two ministries is the issue of Arbaeen rites and rituals, Rahmani Fazli said, adding, “Arbaeen is a matter of faith and culture for people of Iran and Iraq which can further expand relations between the two countries.”

butterfly   Abdul Halim Faham Al-Farhoud, Senior Advisor to the Iraqi Interior Ministry, for his part, expressed his special thanks to the Iranian Ministry of Interior for its hospitality and stated that negotiating for reaching Memorandum of Understanding (MoU) and enhancing security cooperation between the two countries is the main aim behind visit of Iraqi delegation to the Islamic Republic of Iran.

Security of Iraq is the security of Iran and there are common relations and interests between the two countries, he underlined.

butterfly    governorates     Iraqi forces arrest 63 ISIS militants in different governorates

https://shafaq.com/en/Iraq-News/Iraqi-forces-arrest-63-ISIS-militants-in-different-

butterfly  2021-03-03 12:23  Shafaq News / More than 60 ISIS militants were arrested in Iraq, The Security Media Cell announced on Wednesday.  The Cell said in a statement a force from the Diyala Operations Command carried out a search operation in Diyala in which it arrested 28 ISIS members.

Another force of Nineveh Operations Command launched an operation in separate areas in the Governorate in which 21 ISIS elements were arrested.   In both operations the commands seized military equipment.

The statement added that a force of the joint operations in Kirkuk launched an operation in different areas and arrested 14 ISIS militants.

Earlier, The Iraqi Security Media Cell reported air strikes and major search operations between Saladin and Kirkuk governorates.

The cell said in a statement “Under the supervision of the Joint Operations Command, Iraqi F-16 aircraft launched this morning ten air strikes on the area between northern Saladin and southwestern Kirkuk, which killed terrorists and destroyed strongholds.”

In another statement, the cell said, "Joint units of the Iraqi army and the Popular Mobilization Forces carried out an operation in the same areas to pursue ISIS remnants." 

Meanwhile, a security source said an Iraqi security officer was killed, on Wednesday in an explosion in Saladin Governorate.  The source told Shafaq News Agency "an explosive device blew up at the Interior Ministry's forces in the Zerka area of Saladin on the borders of Kirkuk governorate which killed a member of the Rapid Response Forces.”

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Zig’s Place Chat Room Discussion and News Wed AM 3-3-21

Zig’s Place Chat Room Discussion and News Wed AM 3-3-21

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

butterfly  Oil rises on demand hopes after days of sell-off

https://shafaq.com/en/Economy/Oil-rises-on-demand-hopes-after-days-of-sell-off     

butterfly  2021-03-03 00:35  Shafaq News/ Oil prices rose on Wednesday, boosted by demand hopes on progress made in U.S. vaccine rollouts, while uncertainty over how much supply OPEC+ will restore to the market at its Thursday meeting and a big build in U.S. crude stocks capped gains.

U.S. West Texas Intermediate (WTI) crude futures rose 28 cents, or 0.45%, to $59.95 a barrel by 0506 GMT, recovering from three days of losses.

Brent crude futures rose 28 cents, or 0.46%, to $62.99 a barrel, up from four days of losses.

Both futures had dipped in Asia’s early morning trading.

Demand recovery hopes thanks to the rollouts of vaccine kept oil prices supported, analysts said.

The U.S. will have enough COVID-19 vaccine for every American adult by the end of May, President Joe Biden said on Tuesday after Merck & Co agreed to make rival Johnson & Johnson’s inoculation.

Meanwhile, the market’s attention is on a forthcoming Thursday meeting by the Organization of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, at a time when they are generally positive on the oil market outlook compared with a year ago when they slashed supply to boost prices.

The market widely expects them to ease production cuts, which were the deepest ever, by about 1.5 million barrels per day (bpd), with OPEC’s leader, Saudi Arabia, ending its voluntary production cut of 1 million bpd.

However, a JTC document, seen by Reuters, called “for cautious optimism,” citing “the underlying uncertainties in the physical markets and macro sentiment, including risks from COVID-19 mutations that are still on the rise”.

Reinforcing concerns of potential oversupply, the American Petroleum Institute industry group reported U.S. crude stocks rose by 7.4 million barrels in the week to Feb. 26, in stark contrast to analysts’ estimates for a draw of 928,000 barrels.

“The recent selloff may help reinforce Saudi’s cautious stance and delay any production increase,” said Stephen Innes, global market

butterfly   Dollar exchange rates in Iraq

https://shafaq.com/en/Economy/Dollar-exchange-rates-in-Iraq-2-4   

butterfly  2021-03-03 01:57   Shafaq News / The dollar exchange rates stabilized today Wednesday (March 3, 2021) in the Iraqi market.

• The Kifah Stock Exchange recorded 145,450 dinars, for $ 100.

• Al-Harthiya Stock Exchange recorded 145,450 dinars, for $ 100.

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

•Sale price: 146,000 dinars for $ 100  •Purchase price: 145,000 dinars for $ 100

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

•Sale price: 145,200 dinars for $ 100   •Purchase price: 145,000 dinars for $ 100

butterfly  ISF celebrates the International Women's Day

https://shafaq.com/en/Kurdistan/ISF-celebrates-the-International-Women-s-Day    

butterfly  The Internal Security Forces (ISF) - Women unit and the Women Protection Forces in the Kurdish-led Autonomous Administration in northeast Syria celebrated on the International Women's Day.

Hundreds of women in the internal security forces and other agencies attended the celebration held in the stadium of the city of Rmaylan, 70 kilometers from Qamishli, the largest Kurdish city in Syria.

Halima Mahmoud, head of ISF’s Women unit said "We congratulate all women in the International Women's Day, especially the women of northern and eastern Syria, …The 8th of March is a historic day for us, is the Day of Resistance,….thanks to the thought and the long struggle of free women we have reached this stage."

Mahmoud added, "We celebrate the Women's Day from the 1st to the 8th March… we will continue the struggle to obtain a free and decent life."

It’s noteworthy that in the Kurdish-led autonomous administration, women have active participation at all political and military levels.

Women fighters make up 40 percent of the region’s force and have won praise for their prowess when battling ISIS, including the liberation of Yazidi families under siege near Sinjar in northern Iraq in 2014.

The internal police, or Asayish, has a women-only unit that deals also with sexual assault and rape. Each city in Rojava has a co-presidency that must be filled by a woman, and at least 50 percent of political offices are held by females.

Academies and foundations to further women’s rights and as many as 27 centers to help women facing domestic violence or financial hardship have opened in Kurdish Syria since 2014.

butterfly  fatalities and +5000 new cases in Iraq today

https://shafaq.com/en/Iraq-News/COVID-19-25-fatalities-and-5000-new-cases-in-Iraq-today COVID-19: 25

butterfly   2021-03-03 07:08   Shafaq News / The Iraqi Ministry of Health and environment registered 25 fatalities, 5173 new, cases and 3463 recoveries of COVID-19 in the past 24 hours.

The cumulative count of cases has reached 708,951, including 646,619 recoveries and 13,483 fatalities.

Amid the resurgence of COVID-19 cases in the Country, the Government imposed a partial (on weekdays) and total lockdown (on weekends), closed public sites, prohibited gatherings, and shifted to online learning in schools and universities instead of in-person attendance.

On March 2, Iraq received its first 50,000 doses of the Sinopharm COVID-19 vaccine donated by China as the country is struggling to cope with a new surge of the disease.

butterfly   Pope Francis: The Revolutionary Supreme Pontiff

https://shafaq.com/en/Report/Pope-Francis-The-Revolutionary-Supreme-Pontiff     

butterfly  2021-03-01 13:26 Shafaq News / Jorge Mario Bergoglio, the Vatican's 266th Pope, is the first non-European Pope in more than 1,000-year history of Papacy and the first Jesuit priest. His reformist imprints in the Catholic Church have soon begun after his election in March 2013.

He chose the name "Francis" after st. Francis of Assisi, who lived some 800 years ago, called for the Church's reform, lived as an advocate of the poor and visited Egypt to meet the Ayyubid king to call for peace and brotherhood, despite the bloody battles brought by the crusader invasions of the region.

Pope Francis was born in Argentina on December 17th, 1936. His father was an immigrant from Italy, and his mother is also of Italian origin but was born in Argentina. His family is believed to have left Italy to escape the fascist regime. He is known for his passion for music, films, and football

Despite his university major in chemistry, in 1958, he entered the Church and joined the Jesuit order at 21.

While he continued to pursue his religious studies, the greatest transformation of his career was when Pope John Paul II chose him to be Assistant to the Archbishop in Buenos Aires in 1992 and then to be Archbishop in 1998.

Even before his election as supreme pontiff, the Pope distinguished his lifestyle and humility compared to the overall image of the Vatican and church leaders. The media often described him as a "revolution" in the Church. For example, despite assuming Archbishop's post, he committed himself to live in a small apartment instead of the Archbishop's residence and refrained from using his limousine with a private driver and used public transport.

butterfly  When he was elected leader of the Catholic Church, he merely wore a white cloak, renounced the papal dress, distanced himself from adorning the golden ornament, committed to using the Iron Cross he was wearing as Archbishop and did not adopt the Golden Cross. He also refused to live in the Apostolic Palace, opposite St. Peter's Square in the Vatican, and lived in a small house, but he goes to the Apostolic Palace to inspect the crowds. The journalists also noted that he did not wear red papal shoes but only wore plain black shoes.

Estimates vary as to whether the Pope is considered a liberal or a conservative. However, given his many positions on social issues, he seemed conservative on sex-related issues and liberal in social justice matters. In his years of pastoral work in Argentina, he often faced the government because of decisions that affected, for example, the repression of demonstrators or the interests of farmers, immigrants, the marginalized, and the poor. He is known as a supporter of dialogue and acceptance of opinions.

In recent years, he has been celebrating holiday ceremonies differently from his predecessors, repeatedly making sure to spend them with poor and marginalized people. In his priestly career, he was keen to follow the traditions of the Maundy Thursday of Jesus, which commemorates the practice of ceremonial foot-washing to mitate Jesus, who washed his disciples' feet.

Last year, the Pope visited a refugee center where he washed and kissed 12 refugees' feet - some of which were Muslim girls - becoming the first Vatican Pope to wash the feet of women or non-Catholics.

butterfly  The surprises in the Pope's personality are not limited to that. While in Argentina, he apologized on behalf of the Church for its "inaction" in confronting the military regime that ruled Argentina and committed many crimes against opponents.

The Pope said, "Believers and atheists can be strong allies in their efforts to defend human dignity, build peaceful coexistence among all people, and protect the universe".

More recently, he broke with the prevailing Catholic tradition and appointed Nathalie Becquart as the first woman to the post of the deputy of the Bishops' Council, granting her voting rights in a body that examined key matters of faith.

He also called for COVID-19 vaccines to be made available to all and priority for the poor, fearing that they would be available only to the rich.

The Pope criticized capitalism, saying that the pandemic showed that free-market policies could not meet all the most pressing needs of humanity, "The poor are persecuted for demanding work, and the rich are applauded when they flee justice".

Last November, the Pope appointed Wilton Gregory to become the first African-American cardinal in the Catholic Church's history.

In 2020, the Pope's activism was marked by speaking out against social injustice issues. When the U.S. police killed George Floyd, he said, "We can not turn a blind eye to racism".

When the media described The footballer Messi as "a god," the Pope, known for his encouragement of FC Barcelona, said that it was "a violation of divine sanctity"

Two years ago, when a gunman committed the massacre of two mosques in New Zealand, the Pope said, "Let us pray for our Muslim brothers who were killed".

Butterfly   In February 2019, when he paid an official visit to the UAE, he delivered a speech that he began with a "Peace Be upon you" greeting and signed the so-called "The Declaration of Abu Dhabi". However, before arriving in Abu Dhabi, which takes part in the War in Yemen, he sent an implicit but very clear political message when he prayed for the "hungry and exhausted children of Yemen".

He rejected the Syrian war and repeatedly prayed and called to renounce weapons and fighting. He always refused to link Islam with terrorism.

In 2016, at the height of terrorist attacks after ISIS took control of large areas of Iraq and Syria, Pope Francis received a large delegation representing different religions worldwide. He said, "Unfortunately, not a day goes by without hearing of violence, conflict, kidnapping, terrorist attacks, assassinations, or destruction.

It is outrageous that barbaric acts are sometimes justified in the name of religion or the name of God. Let us condemn these evil acts that desecrate the name of God".

The Pope has visited the region, including Jordan, Palestine, Palestine, Egypt, Morocco, and the United Arab Emirates. He was the first Pope to travel directly to the West Bank in Palestine, and during his visit, he went to the separation wall between Jerusalem and Bethlehem, where he stopped for prayers.

The Pope's visit to Iraq is of great importance given that it is seen as a visit to the land of the prophet Ibrahim and because Iraq is going through a new phase after many wars and massacres in the past years. He is betting on encouraging Christians to hold on to their land and, most importantly, their co-existing alongside their "brothers" of other sects and minorities.

butterfly  In 2014, during a visit to Turkey, Pope Francis and Orthodox Ecumenical Patriarch Bartholomew said in a joint statement that a Middle East free of Christians who have practiced their faith for 2,000 years could not be accepted. Stressing, "The terrible situation of Christians and all those suffering in the Middle East requires not only constant prayer but also an appropriate response from the international community".

butterfly  Intense preparations before pontiff meets Iraqi ayatollah

https://www.dailymail.co.uk/wires/ap/article-9319869/Intense-preparation-paves-way-pontiff-meet-ayatollah.html     

butterfly  Saudi chief of staff visits Iraq, holds meetings with senior defense officials

https://saudigazette.com.sa/article/604032/SAUDI-ARABIA/Saudi-chief-of-staff-visits-Iraq-holds-meetings-with-senior-defense-officials    

butterfly  BAGHDAD — Saudi Chief of Staff General Fayadh Bin Hamid Al-Ruwaili paid an official visit to Iraq on Tuesday where he met with senior defense officials and paid get-acquainted visits to a number of defense entities.

At the outset of the visit, Iraq's Minister of Defense Juma Enad Sadoon Khattab Al Jibori received Gen. Al-Rwaili who conveyed to him the greetings of Crown Prince Muhammad Bin Salman, deputy premier and minister of defense.

During the meeting, they exchanged a number of viewpoints in the military aspect and discussed a number of issues of mutual concern, confirming the firmness of the fraternal relations binding the two friendly countries in what consolidates the security and stability of the region.

Later, Gen. Ruwaili met with his Iraqi counterpart Gen. Abdulamir Rasheed Yarallah whereas they reviewed the bilateral relations, particularly in the military field, and ways of developing them in a way that achieves the joint interests between the armed forces of the two countries.

On the other side, Gen Ruwaili paid a get-acquainted visit to the command of the Iraqi land forces whereas he met with its commander Gen. Gasem Mohammed Salih. Then, the Saudi senior officer paid a visit to the command of the air forces where he met with its commander Shihab Jahid Ali to get briefed on all potential opportunities to exchange experience and military drills between the military forces of the two countries.

The meetings and visits were attended by Gen. Al-Rwaili's accompanying delegation as well as a number of Iraqi senior officers of the ministry of defense.

butterfly    Russian investments in Iraqi energy projects exceed $10 BILLION

https://www.rt.com/business/517066-russia-investments-energy-projects-iraq/      

butterfly  Cooperation between Russia and Iraq in the oil sector is “very active” in spite of all the restrictions and the impact of the Covid-19 pandemic, according to Russian Deputy Prime Minister Alexander Novak.

Novak, who previously served as Russia’s energy minister, met on Wednesday with Iraqi Oil Minister Ihsan Abdul Jabbar to discuss the prospects of the two countries’ oil and gas projects, as well as the situation on the global oil market.

He noted the fruitful cooperation between Russia and Iraq in the oil sector, saying: “Our interaction is very active, despite the current restrictions and the impact of the coronavirus pandemic.”

While talking about the existing projects by Russian oil firms in Iraq, Novak said: “Our companies are actively implementing a number of successful projects on the territory of the republic. To date, the accumulated investments of Russian oil and gas companies in Iraqi projects have exceeded $10 billion.”

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Zig’s Place Chat Room Discussion and News Tues AM 3-2-21

Zig’s Place Chat Room Discussion and News Tues AM 3-2-21

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

butterfly  Political turmoil hampered the economic metamorphosis of Iraq, PM's advisor says 

butterfly   2021-03-02 06:04  Shafaq News/ The economic and financial advisor to the prime minister, Mazhar Muhammad Saleh, said on Tuesday that wars and political turmoils had halted Iraq's efforts to eliminate the economy's rentierism.

Saleh said in an interview with Shafaq News, "Iraq has witnessed during the last four decades a lot of wars, sieges, and political conflicts, which led to the dispersion of economic resources," indicating, "development was lost as a result of these wars and that the country needs a resource to keep things going and for people to live. Therefore, oil remained the only resource, and the Iraqi economy remained a monolithic economy."

Saleh added, "Development, stability, diversification of the economy, and transformation from the rentier economy requires political stability and stable institutions, which is what the state has missed over the years."

"Iraq has great economic experiences and minds, but the tough conditions that Iraq passed through due to external and internal wars had a major impact on the survival of the rentierism in the economy of Iraq."

"Three global models for countries that emulate economic development, including the State of Oman. Over the past five decades, Oman enjoyed continuous political and institutional stability that has positively affected its economic development and diversified its resources."   https://shafaq.com/en/Economy/Political-turmoil-hampered-the-economic-metamorphosis-of-Iraq-PM-s-advisor-says   

butterfly  https://shafaq.com/en/Economy/CBI-sales-slipped-by-10 CBI sales slipped by +10%

butterfly  2021-03-02 03:21  Shafaq News Agency correspondent reported that CBI sales at the Foreign Exchange Auctions registered a 10.18% decline in its sales to settle at 125,321,939 dollars, compared to 139,530,235 dollars yesterday. The weighed average rate of the dinar to the U.S. dollar amounted to 1460.

Our correspondent explained that no cash purchases were made, while all the sales went to boost funds abroad in the form of transfers and credits, with 18 banks meeting those requests.

butterfly  Oil extends losses on worry over possible supply increase from OPEC

https://shafaq.com/en/Economy/Oil-extends-losses-on-worry-over-possible-supply-increase-from-OPEC    

butterfly  2021-03-01 23:44  Shafaq News / Oil prices fell more than 1% on Tuesday, extending losses that began last week, as investors unwound long positions on concern that OPEC may agree to increase global supply in a meeting this week and Chinese demand may be slipping, the Guardian reported.

Brent crude dropped 78 cents, or 1.2%, to $62.91 a barrel by 0138 GMT, after losing 1.1% the previous day. U.S. West Texas Intermediate (WTI) crude slid 74 cents, or 1.2%, to $59.90 a barrel, having lost 1.4% on Monday.

Investors are worried the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, will boost oil output, said Hiroyuki Kikukawa, general manager of research at Nissan Securities.

The group meets on Thursday and could discuss allowing as much as 1.5 million barrels per day (bpd) of crude back into the market.

OPEC oil output fell in February as a voluntary cut by Saudi Arabia added to reductions agreed to under the previous OPEC+ pact, a Reuters survey found, ending a run of seven consecutive monthly increases.

China's factory activity growth slipped to a nine-month low in February, which may curtail Chinese crude demand and pressure oil prices.

butterfly   A total lockdown is on the table amid rising COVID-19 infections, Cabinet spokesman says

https://shafaq.com/en/Iraq-News/A-total-lockdown-is-on-the-table-amid-rising-COVID-19-infections-Cabinet-spokesman-says   

butterfly  2021-03-02 10:31   Shafaq News/ The spokesman of the Iraqi government, the Minister of Culture, Nadhim Hasan, hinted at imposing a lockdown as COVID-19 case-count has surged recently, announcing authorizing the Iraqi Ambassador to China and Russia to conclude the COVID-19 vaccine deals with the corresponding manufacturing countries.

Hasan said in the weekly press conference, which Shafaq News Agency attended, "there are signs of another total lockdown. The Supreme Committee for National Health and Safety will convene tomorrow to resolve this issue."

Hasan announced that Iraq shall receive 16million doses in the upcoming days, "the government authorized the ambassadors of Iraq to Russia and China to conclude the contracts with vaccine manufacturers," stressing, "there should be no intermediary companies between Iraq and the manufacturers."

The spokesman of the cabinet said that PM Al-Kadhimi directed conducting field visits to Nasiriyah to closely observe the conditions in the city and the status of the government services provided to the citizens.

butterfly  Kurdistan’s receives first batch of COVID-19 vaccines from China

https://shafaq.com/en/Kurdistan/Kurdistan-s-receives-first-batch-of-COVID-19-vaccines-from-China    

butterfly  2021-03-02 09:00  Shafaq News/ Kurdistan received its first doses of the Sinopharm COVID-19 vaccine donated by China.

“Today, we receive our first batch of COVID-19 vaccines from China, We thanked and appreciated China for supporting the Kurdish people”, Kurdish Minister of Health, Dr. Saman Al-Barzanji said during a ceremony to receive the consignment in the presence of the Chinese Consul in the Region, Ni Ruchi.

Al-Barzanji said Kurdistan is negotiating with several international companies to buy vaccines after KRG allocated a budget for this reason.

For his Part, the Chinese Consul said his Country has helped the Region in combating the pandemic from the beginning by providing equipment and support.

He added that this batch is for those working on frontlines but later, vaccines will be secured for all groups by priority.  “The batch is to show good friendship,” he added.

Earlier today, Iraq also received its first 50,000 doses of the Sinopharm COVID-19 vaccine donated by China as the country is struggling to cope with a new surge of the disease.

An Iraqi military transport plane carrying the first batch of the vaccines from China landed at Baghdad International Airport late on Monday.

The doses will be offered to health workers, elderly people and members of the security forces first, the Iraqi health ministry said in a statement.

butterfly    ‘Constant fear’: Iraq and Syria face ISIL resurgence

https://www.aljazeera.com/news/2021/3/2/we-liv-in-constant-fear-iraq-and-syria-face-isil-resurgence

ISIL’s ‘caliphate’ was destroyed in March 2019 but its ideology and socioeconomic fault lines that gave birth to it are still intact in the region.

Butterfly  Iraq’s Al-Kadhimi: There is a great confidence in Iraq now

https://shafaq.com/en/Iraq-News/Iraq-s-Al-Kadhimi-There-is-a-great-confidence-in-Iraq-now    

butterfly  2021-03-02 11:51  Shafaq News / The Iraqi Council of Ministers held, on Tuesday, a session headed by Mustafa Al-Kadhimi.  

According to a statement by the PM office, Al-Kadhimi stressed that “there were attempts to obstruct the government …but it had succeeded in preventing the economic and financial collapse of the country.”

“The Government was accused of bankrupting the reserve.. but the central bank’s reserves had increased by four billion dollars,…” the statement added.

“The government also reduced the corruption of the notorious foreign exchange auction.” It added.

On foreign affairs, Al-Kadhimi stressed that Iraq returned playing an important role abroad, “There is great confidence in Iraq now” for it role in dialogue among different parties.

butterfly   Security forces get rid of the most vast drug trafficking network in Nasiriya  

https://shafaq.com/en/Iraq-News/Security-forces-get-rid-of-the-most-vast-drug-trafficking-network-in-Nasiriya     

butterfly   2021-03-02 14:11  Shafaq News / A local source in Dhi Qar governorate said, on Tuesday, the security forces “dismantled” the most vast drug trafficking network in the city of Nasiriya.

The source told Shafaq News Agency that the security forces arrested five drug dealers in the city of Nasiriya, the center of Dhi Qar Governorate and seized 2 kilograms of crystal material, 2000 drug tablets.”

butterfly   Kirkuk antiquities are threatened of extinction 2021-03-02 13:20

https://shafaq.com/en/Iraq-News/Kirkuk-antiquities-are-threatened-of-extinction    

Shafaq News / The head of the Iraqi Turkmen Front, MP Arshad Salhi on Tuesday, issued a “distress call” to Prime Minister Mustafa Al-Kadhimi for saving the archaeological areas in the city of Kirkuk.

Salhi said in an urgent message, “We call on Prime Minister Mustafa Al-Kadhimi to immediately intervene to save the antiquities of Kirkuk in its historic citadel, Al-Qishla and its heritage markets, which are exposed to neglect and destruction due to the lack from the competent authorities.”

He added, "Antiquities are Kirkuk's historical identity,… it needs to be saved."

It is noteworthy that Kirkuk Citadel originally housed a Jewish temple, which was then turned into a Christian church and lastly into a Muslim mosque.

This historic site is located in the center of Kirkuk and is considered to be the oldest part of the city. It stands on a mound 130 feet high. It is believed that the enormous structure was constructed between 884 and 858 B.C. by King Ashurasirpall II. It is said to be the final resting place of the biblical prophet Daniel, ruler of Babylon.

butterfly  Cboe seeks green light for first US Bitcoin ETF

https://www.aljazeera.com/economy/2021/3/2/bb-cboe-seeks-green-light-for-first-us-bitcoin-etf     

Cboe Global Markets Inc is seeking approval to list and trade shares of what could be the first Bitcoin exchange traded fund in the United States.\

butterfly  2 Mar 2021  Cboe Global Markets Inc. is seeking approval to list and trade shares of what could be the first Bitcoin exchange-traded fund in the U.S.

Cboe in a Monday filing with the U.S. Securities and Exchange Commission sought the green light for the VanEck Bitcoin Trust. VanEck Associates Corp. in December applied to start an ETF tracking the largest cryptocurrency. It is at least the third time since 2018 that Cboe has teamed with VanEck to seek a fund approval.

Last month Canadian securities regulators cleared the launch of the Purpose Bitcoin ETF, making it the first to gain regulatory approval in North America. Cboe said in its filing the cryptocurrency ecosystem has “progressed significantly,” citing among other things products investing in Bitcoin futures as well as the emergence of regulated custodial services for digital assets.

U.S. regulators have so far refrained from approving a Bitcoin ETF, citing worries about everything from market volatility and industry manipulation to thin liquidity. That includes a prior attempt by Cboe that was withdrawn in January 2019. However, the cryptocurrency market has gotten increasingly robust as big names and institutional players have piled in recently.

Also, President Joe Biden’s nominee to lead the Securities and Exchange Commission, Gary Gensler, is seen as potentially more sympathetic to crypto than prior officials have been.

“This time around we’re much more optimistic than we have been in the past,” Cboe Global Head of Listings Laura Morrison said in an interview. “The market has really changed. There’s a tremendous amount of information relative to the depth and breadth.”

Cboe was the first U.S. regulated exchange to offer Bitcoin futures in December 2017. The exchange stopped listing the contracts in June 2019.

butterfly  A regulated product listed on a regulated exchange would allow for improved pricing, and the ETF should be less expensive than rival products on the market plus trade relatively close to its net asset value, Morrison said. She said the debut of the Purpose ETF in Canada shows there’s demand for such products.

“We’re really excited about being the first filing in this wave,” Morrison said.  SOURCE : BLOOMBERG

butterfly   OPEC+’s balancing act between crude optimism and pandemic risk

https://www.aljazeera.com/economy/2021/3/2/opecs-balancing-act-between-crude-optimism-and-pandemic-risk     

The big question when OPEC and its allies meet on Thursday is whether they’ll decide oil demand has recovered enough to loosen the taps again.

Sheila   Dinar Investor (Jeff) 3/2 (2021) (1:10) -- HOME-RUN #3 -- https://www.youtube.com/watch?v=6NmVWsm_DJA

Sheila  Video: Texas governor ends state's mask mandate (1:24) March 2, 2021 - https://www.youtube.com/watch?v=E3HYEQM9iBs

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Zig’s Place Chat Room Discussion and News Mon PM 3-1-21

Zig’s Place Chat Room Discussion and News Mon PM 3-1-21

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

Butterfly  The Prime Ministers of Iraq and Kurdistan commends the approval of the Yazidi Survivors law

butterfly   2021-03-01 15:20  Shafaq News/ The Prime Minister of Iraq, Mustafa Al-Kadhimi, and the Prime Minister of Kurdistan Region, Masrour Barzani, praised the approval of the Yazidi Female Survivors' law in the Iraqi Parliament today, Monday.

PM Al-Kadhimi tweeted, "The ratification of the Yezidi Female Survivors law is a vital step towards justice and equal citizenship," he continued, "The Iraqi Government is keen on implementing the law, provide a dignified living for all female survivors, work on freeing those in captivity, and support liberated areas."

In the same context, the Prime Minister of Kurdistan Region, Masrour Barzani, expressed gratitude to all political blocs for the approval of the law in the Iraqi Parliament, deeming it as a step to compensate the Yazidis and restore their trust.

Barzani demanded, in a statement received by Shafaq News Agency, the expedition of the implementation of the law's items to ease the suffers from the survivors and their families.

The Head of KRG reiterated his call for committing to the Sinjar agreement to reconstruct the district and allow a safe return for its citizens.

Barzani added that the Liberating Yazidi abductees' office has been able to free 3545 Yazidis, stressing that the work is underway to reveal the fate of 2768 still missing Yazidis.

https://shafaq.com/en/Iraq-News/The-Prime-Ministers-of-Iraq-and-Kurdistan-commends-the-approval-of-the-Yazidi-Survivors-law    

butterfly  Tomorrow: A Parliamentary meeting to settle the budget and the Federal Court laws

https://shafaq.com/en/Iraq-News/Tomorrow-A-Parliamentary-meeting-to-settle-the-budget-and-the-Federal-Court-laws   

butterfly  2021-03-01 11:44  Shafaq News / The Iraqi Parliament Speaker, Muhammad al-Halbousi, announced that a meeting between the Presidency of the Council of Representatives and the heads of political forces will be held tomorrow.

The Parliament's Media Department said in a statement that the meeting will discuss several laws, including the budget bill and the Federal Court law.

The budget bill is still pending in the council of Representatives despite discussing its articles more than two months ago, as the Kurdistan Region's share represents the most prominent obstacle, in addition to the objection of some political blocs to the decision to raise the dollar exchange rate.

butterfly  Kurdistan requests mandatory COVID-19 PCR's for arrivals from Iraqi governorates

https://shafaq.com/en/Kurdistan/Kurdistan-requests-mandatory-COVID-19-PCR-s-for-arrivals-from-Iraqi-governorates    

butterfly  2021-03-01 09:19  Shafaq News/ COVID-19 Special Committee in Kurdistan issued today, Monday, a new order that binds all people arriving in Kurdistan from Iraqi governorates to present a PCR test.

Information received by Shafaq News Agency said that the committee would not impose a partial or total lockdown as in Iraqi governorates and schools will remain open with strict preventive measures.

The authorities are considering requiring, according to the leaks, a negative PCR test on checkpoints between Kurdistan and Iraq from the arrivals in the region.

PeteV  https://youtu.be/6NGBa0leib4

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butterfly  A brawl between Sunni blocs in the Iraqi Parliament 2021-03-01 10:16

https://shafaq.com/en/Iraq-News/A-brawl-between-Sunni-blocs-in-the-Iraqi-Parliament   

Shafaq News/ Iraqi Parliament descended into chaos as rival political groups flung fists and swear in a brawl that suspended the session. 

Shafaq News Agency correspondent said that the Sunni MPs from al-Taqaddom party clashed with their fellows from Ahmad al-Jubouri's bloc.

The skirmishes revolved around settling scores over political issues unrelated to the session's agenda, our correspondent said.

butterfly  Raba'allah threatens Sheikh Ali with a "heart and earth-shattering" response

https://shafaq.com/en/Iraq-News/Raba-allah-threatens-Sheikh-Ali-with-a-heart-and-earth-shattering-response

2021-03-01 14:32  Shafaq News / Raba'allah group threatened to attack the house and offices of the Iraqi MP, Faiq Al-Sheikh Ali, and the headquarters and offices of the Saudi "MBC" channel, against the background of the latter's recent statements in which he described Abu Mahdi Al-Muhandis, Hadi Al-Ameri, and Nuri Al-Maliki as "traitors".

The "Rab'allah", an unknown group believed to be linked to the factions close to Iran, posted on its Telegram website, "Currently, the targets are being precisely determined, and the response will be harsh and earth-shattering".

The group referred to "the offices of the Saudi 'MBC' channel in Baghdad and the governorates, and all the headquarters of the Fa'iq Daaboul's party and his home in Najaf and Baghdad."

Sheikh Ali responded in a strongly worded tweet challenging the armed group and threatening to reveal shocking information.

In a televised interview with MBC, Sheikh Ali said, "Abu Mahdi al-Muhandis, Hadi al-Ameri, and Nuri al-Maliki are traitors to Iraq because they fought with Iran against Iraq in the Iraq-Iran war in the eighties of the last century."

The "Rab'allah" group had previously stormed media and partisan offices in Baghdad, setting them ablaze before the eyes of the security forces that did not respond or arrest any of them so far.

butterfly  010320212   Overnight curfew imposed on Kurdistan Region ‘public places’ due to COVID-19 spread: KRG spox    https://www.rudaw.net/english/kurdistan/   

butterfly  ERBIL, Kurdistan Region — An overnight six-hour curfew will be imposed daily on “public places” in the Kurdistan Region to prevent the spread of coronavirus starting from Tuesday at midnight, according to the government's top spokesperson. This comes as a new variant of the virus rapidly spreads across the Region.

“All public places, including all types, will be closed between 12-6am,” the Kurdistan Regional Government’s (KRG) spokesperson Jotiar Adil told reporters late Monday, adding that traffic between the Region and the rest of Iraq will be banned between Thursdays and Saturdays.

The KRG had previously limited the entrance of tourists from other parts of Iraq, where new variants initially appeared. The Iraqi government has also imposed a daily nighttime curfew - from 8 pm to 6 am - to curb the spread of the virus.

The new decisions by the KRG came after the coronavirus-related top crisis cell held its periodic meeting. It had previously decided to reopen schools in early February. Adil said that schools will remain open “on the condition of making the [health] measures more strict.”

The new decisions will be reviewed on March 10.

The Kurdistan Region on Monday recorded 197 new cases of coronavirus, as well as two deaths, according to the health ministry. The Region has recorded 109,151 cases, including 103,625 recoveries and 3,521 deaths, since the recording of the first case exactly one year ago.

Aso Hawezy, spokesperson for the health ministry, said on Monday that around 10 percent of coronavirus cases now being recorded in the Kurdistan Region are from people studying or working at schools.

cian   https://economy-news.net/content.php?id=24286

International Monetary Fund: Iraq is capable of achieving comprehensive development

Logo of the International Monetary Fund

Dialogues  Economy News – Baghdad  The International Monetary Fund described the government's orientations to reform the national economy as the task, and affirmed that Iraq is able to achieve comprehensive development, provided that medium and long strategic plans are prepared.

This came in a press interview conducted by the official Al-Sabah newspaper and reviewed by Al-Iktissad News with the representative of the Monetary Fund. International in Iraq, Ghazi Shbeikat.

Below is the text of the interview:

* How does the International Monetary Fund view the Iraqi economy and how is it affected by the Corona pandemic?

- The Iraqi economy suffers from deep structural imbalances and distortions due to the crises it has been exposed to during the past four decades and unsupportive economic policies.

The Iraqi economy has suffered from the ravages of wars, geopolitical risks in the region and instability at the local level, in addition to economic mismanagement, the economy has suffered.

There are still imbalances in public finances (the increase in the salary bill), production, the labor market (crowding out of the private sector), the weakness of the external sector and dependence on oil,

in addition to that, corruption and mismanagement have played a hindering role in the progress and advancement of the Iraqi economy, and the repercussions of the pandemic have recently exacerbated - 19)

And the sharp decline in oil revenues from these imbalances, which exposed the Iraqi economy to one of the worst economic crises it has gone through.

At a time when the government needed to increase spending to face the repercussions of the pandemic between health spending and support for sectors affected by closures and trade restrictions, it was There has been a significant decline in state resources, which b

cian   At a time when the government needed to increase spending to face the repercussions of the pandemic between health spending and support for sectors affected by closures and trade restrictions, it was There has been a significant decline in state resources, which barely covered the salary and retirement bill in the first months of 2020.

And there was a decline in economic activity between A decline of 8 percent in the non-oil sector, while the oil sector declined by 11 percent due to production cuts in compliance with the OPEC + agreement.

The budget deficit increased to 20 percent and the external sector deficit increased to 15 percent of GDP. Financing these deficits significantly increased the debt ratio and decreased foreign exchange reserves.

* What are the best methods of achieving the economic advancement of Iraq?

- The Iraqi economy should not continue to depend on oil as the only source of public financial revenues and the balance of payments,

and here we emphasize the importance of diversifying the Iraqi economy and paying attention to production and clearing the way for the private sector, to take the initiative in leading the economy towards exports and achieving economic growth,

and of course, this requires adopting Prudent policies and strategies in the fields of education, health, communications and technology, for example,

in addition to that, the social protection network needs to be strengthened to protect the most vulnerable, and in order for the government to carry out its developmental tasks, financial space must be created, and this requires controlling operational expenditures, Especially the salary and retirement bill, through reforms in the civil service system and the pension system, as well as reforms in the electricity sector, which constitutes a great burden on the state's resources.

* What are the most important ways to overcome the trend towards borrowing?

There is local and external borrowing.

cian  * What are the most important ways to overcome the trend towards borrowing?

There is local and external borrowing.

It is natural for countries to borrow locally or abroad to finance some projects,

but the important thing is to take into account the ability to pay in terms of the size of borrowing, its costs and its importance to the economy, so the state should not borrow to finance salaries and consumption expenditures, but rather there must be investment projects that generate income for the state that enhance its public finances It is able to pay its external obligations,

and to overcome borrowing, it is necessary to reduce public deficits and to exploit the recovery periods of the oil market to build oil surpluses that can be used in times of declining prices, and this avoids borrowing and at the same time reduces the economic fluctuations that prevailed in Iraq as a result of linking government spending. Oil prices.

Oil exporters also tend to provide oil revenues for future generations, in addition to providing basic needs (most oil exporters have sovereign wealth funds).

* How does the fund view the government's actions to devalue the currency?

- The International Monetary Fund supports the devaluation of the Iraqi dinar, because it helps reduce external imbalances, preserves foreign reserves and strengthens public finances, as reducing the value of the dinar helps reduce the budget deficit and improves the trade balance by stimulating exports and restraining imports, and also helps to maintain a comfortable level of reserves

In addition, the reduction has reform effects on the labor market by affecting real incomes and stimulating the private sector, to take the initiative in directing the wheel of the economy.

Of course, the reduction in the exchange rate has social consequences that require mitigating them as much as possible. It is certain that reducing the value of the dinar will result in an increase in the general level of prices, especial

cian   Of course, the reduction in the exchange rate has social consequences that require mitigating them as much as possible. It is certain that reducing the value of the dinar will result in an increase in the general level of prices, especially since imports in the consumer basket in Iraq constitute a high percentage, and here we stress the need to increase allocations to the social safety net and expand A database of the beneficiaries to ensure its adequate coverage and protection of the groups whose purchasing power has been affected by the reduction.

* What does Article 4 mean, and are there details about its content?

Article IV consultations are consultations and discussions on economic conditions and policy priorities that the fund conducts periodically (usually annually) with member states, and it is a requirement of Article IV of the IMF agreement that member states must abide by.

Accordingly, a team of IMF economists visits the member country to assess the economic and financial developments and discuss the economic and financial policies of the governments and central banks of the state, and the consultations most likely include meetings of parliamentarians, businessmen, trade unions and unions and civil society institutions, and the Fund conducted the last of these consultations at the end of 2020 and approved The Fund's Board of Directors, the experts' report in February of this year, and the report can be viewed through the link   https://www.imf.org/en/Countries/IRQ  .

* From the fund’s point of view to Iraq, is there a possibility of advancing industrial and agricultural production, and what is the fund advising?

There is always an opportunity for advancement in any country, provided that the fiscal conditions are controlled and prudent macroeconomic policies are followed that reduce waste, imbalance and mismanagement so as to clear the way for the private sector and small and medium enterprises to play their role.

cian   The industrial and agricultural sectors in Iraq are among the vital sectors that must be given great importance and motivated by modern legislation, and to provide support and financing for them in order to enable them to play their role in production, export and employment.

Among other things, this requires improving the investment environment, strengthening the financial sector, providing adequate financing, enhancing infrastructure and accessing basic services such as electricity.

* Is there an Iraqi horizon to achieve comprehensive development?

Comprehensive development is a broad word that includes several medium and long-term strategies,

and Iraq can achieve this in the long term by implementing reforms in public finances and strengthening them, as well as diversifying the economy and not relying on oil as the only source of revenue,

and of course this requires reform policies and strategies in several In areas, including health, education, social protection, financial and banking sector, technology, communications, infrastructure, logistical services, etc., in addition to modernizing economic legislation, in order to attract foreign investment and contribute to the transfer of technology to Iraq, and there is no doubt that reforms take time, and their implementation does not It is done appropriately at times.

Nevertheless, it is of utmost importance to continue to introduce gradual improvements, so that citizens feel the positive effects of the reforms, thus helping to accept them.

Number of observations 55 Date of addendum 02/03/2021

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

Zig’s Place Chat Room Discussion and News Mon AM 3-1-21

Zig’s Place Chat Room Discussion and News Mon AM 3-1-21

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

 Cian   Planning reveals {for Euphrates News} the date of announcing the rate of inflation in Iraq for January 2021

Time: 02/28/2021 18:55:02 Read: 3,835 times   {Baghdad: Al Furat News} The Ministry of Planning revealed, on Sunday, the date of announcing the rate of inflation in Iraq for the month of January 2021.

A spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, told Al-Furat News that "during the next week, the ministry's report on the level of inflation in Iraq for the month of January of this year will be issued."

He added, "The comprehensive ban imposed due to the Corona pandemic has a negative impact on daily trading in the local currency market and even on the sale of dollars by the official window of the Central Bank of Iraq."

"But it is compensated on the days when the ban is lifted, and the authorities concerned with this matter have a clearer picture of daily trading," Al-Hindawi said.

He continued, "More than 3 months have passed since the currency change, and inflation rates witnessed a rise in the last month of last year by 3.3%, affected by the increase in the prices of all materials, on top of them {cigarettes}, which rose to 10%."

Al-Hindawi concluded, "As the housing sector rose by 3%, affected by the rise in the prices of private generators, the level of inflation for recreation and health increased by 7%, affected by the rise in the exchange rate."

On January 24, 2021, the Central Bureau of Statistics of the Ministry of Planning released its qualitative report for the consumer price index for the month of December 2020, which is the first report issued by the agency after changing the exchange rate.

The report showed, according to the ministry's statement, an increase in inflation indicators for the month of December by (3.3%), compared to the previous month of November, while the annual inflation rate increased compared to the month of December 2019 by (3.2%) affected by the change of the dollar exchange rate.

The prices of the tobacco section increased by (10.1%) due to the increase in the prices of imported cigarettes, the health department also recorded an increase in its prices, which reached (8.8%), and the prices of the entertainment section increased by (7.5%) due to the increase in the prices of reception equipment and pictures such as televisions, cameras and computers.

And the Transportation Department recorded an increase of 7.2%, due to the increase in car prices, especially private cars.

According to the planning statement, a rise in the prices of bicycles and spare parts, such as tires and batteries, also recorded a rise in the prices of the goods and services section by (4.9%), as a result of the rise in gold prices throughout Iraq, and the prices of the household equipment, equipment and maintenance section recorded an increase of (3.7%) Due to the high prices of home appliances and furniture sets.

As for the housing section prices, they increased by (3.2%), as a result of the increase in the prices of the water and electricity supply group.  Wafa Al-Fatlawi 

https://alforatnews.com/news/التخطيط-تكشف-للفرات-نيوز-موعد-اعلان-معدل-التضخم-في-العراق-لشهر-كانون-الثاني-2021

Zig  :coffee: and a coffee cake muffin from Dunkin'....Delicious!...Wow can you believe it's March!!...Time flies when you are a Dinarian and waiting  :Waiting: Will this be our month as some have predicted?

Crystal ball: We shall see..."Nobody" has been right YET...Hey have a great day, week, and month!!....Yes:

Spectra   CPAC was interesting  Lots of truth bombs  Big attendance  Positive people No dark winter Grimm Reaper rants   Do you even remebr thatspeach?  those words dark winter   most Americans dont even remember what they had for dinner last night...  Trump Returns With Message for GOP And MAGA!

Butterfly   Iraqi Crude Oil Revenues Touch Five Billion Dollars 2021-03-01 08:17

https://shafaq.com/en/Economy/Iraqi-Crude-Oil-Revenues-Touch-Five-Billion-Dollars    

Shafaq News/ Ministry of Oil announced the February import and export figures as per the preliminary statistics issued by the State Organization for Marketing of Oil (SOMO).

Figures show that crude oil exports reach 82,877,757 barrels with revenues touching 5,026,807 dollars.

Exported crude quantities in February from central and southern Iraqi fields reached 79,105,329 barrels, whereas quantities exported from Kirkuk fields through Ceyhan Port reached 3,772,428 barrels.

Daily exports averaged 2,960,000 barrels at a mean of 60.330 dollars per barrel.

butterfly   ISX yields 1.3% gains while trading +1.8billions worth of equities 2021-03-01 07:42

https://shafaq.com/en/Economy/ISX-yields-1-3-gains-while-trading-1-8billions-worth-of-equities    

Shafaq News/ Trading volume in Iraq's stock market surpassed 3.33billion equities valued at more than 1.8billion dinars in its first sessions this week.

A report of the market obtained by Shafaq News agency said, "36 publicly traded companies cast out today of 103 enlisted companies," indicating, "equities of 20 companies went up, while only seven went down."

"3,335,907,000 equities were traded today at a value of 1,888,000 dinars in 886 deals. ISX60 index ended up at 536.67, yielding 1.3% from the last session's close," the report added.

Al-Ataa Islamic Bank, followed by Al-Maadiniya, were the top boosts to the index, notching a 13.3% and 9.73% gain, respectively. In comparison, Baghdad Hotel and Asiacell benchmarks index slid as much as -2.41% and -0.86%, respectively.

It is noteworthy that Iraq Stock Exchange installed Central Depository and Electronic Trading Systems in 2009 and currently bolstering efforts to deploy online transaction services. It organizes five weekly sessions and lists 104 public companies from different economic sectors.

butterfly   Gold prices in the Iraqi local markets today 2021-03-01 05:29

https://shafaq.com/en/Economy/Gold-prices-in-the-Iraqi-local-markets-today-3     

Shafaq News / gold prices in the Iraqi wholesale and retail markets for today, Monday (February 22, 2021)

The prices in Al-Nahr Street wholesale markets in Baghdad (in Dinars)

Sale

Purchase 

one Mithqal (5 grams) of 21k of Gulf, Turkish and European gold

368,000

363,000

one Mithqal (5 grams) of 21k of Iraqi Gold

341,500

336,500

The prices in Baghdad goldsmiths’ shops (retail) (in Dinars)

Sale   one Mithqal (5 grams) of 21k of Gulf gold  365,000 – 380,000

one Mithqal (5 grams) of 21k of Iraqi Gold   340,000-350,000

butterfly   Dollar exchange rates in Iraq 2021-03-01 04:58

https://shafaq.com/en/Economy/Dollar-exchange-rates-in-Iraq-6-3-1    

Shafaq News / The dollar exchange rates dropped today Monday (March 1, 2021) in the Iraqi market.

• The Kifah Stock Exchange recorded 145,200 dinars, for $ 100.

• Al-Harthiya Stock Exchange recorded 145,250 dinars, for $ 100.

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

•Sale price: 145,750 dinars for $ 100  •Purchase price: 144,750 dinars for $ 100

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

•Sale price: 145,100 dinars for $ 100  •Purchase price: 144,800 dinars for $ 100

Zig  butterfly : :Thankyou: ...Curious if anyone out there is invested in the ISX...That was a hot topic in the past...I think @Breitling always suggested that people invest there....lol

butterfly  https://shafaq.com/en/Iraq-News/MoH-urges-the-Parliament-to-expedite-approval-of-the-2021-budget-bill     MoH urges the Parliament to expedite approval of the 2021 budget bill

butterfly  2021-03-01 08:21    Shafaq News / The Ministry of Health and Environment urged the Parliament to expedite the approval of the federal budget for 2021 to begin appointing medical graduates, warning of the health system's collapse in the country due to COVID-19.

The ministry said in a press release that health institutions are in dire need of medicine graduates covered by the medical and health progression law for the years 2018, 2019 and 2020, to help confronting the spread of the virus.

The statement added that the pandemic required establishing many medical centers, highlighting the sacrifices of the "white army" and the health system that is on the verge of collapse.

The statement called for granting healthcare professionals allocations that commensurate with the size of the sacrifices they made, stressing that everyone should bear their responsibilities to secure the situation in the country.

butterfly  The Budget bill will be voted upon by the end of this week, MP confirms

https://shafaq.com/en/Iraq-News/The-Budget-bill-will-be-voted-upon-by-the-end-of-this-week-MP-confirms

butterfly  2021-02-28 13:55   Shafaq News / The Al-Fatah Parliamentary Bloc confirmed that the General Budget Law for 2021 will be voted upon by the end of this week, indicating that the Kurdistan Region’s share issue will be solved in the next few days.

MP of al-Fatah, Fadel Al-Fatlawi, said in an interview with Shafaq News agency, "meetings and negotiations are still ongoing between the political blocs and the Kurdish delegation to settle the share of the Kurdistan Region in the General Budget Law for 2021."

He added, "Intensive meetings will take place next Tuesday to settle the share of the Kurdistan Region in the budget law."

Last December, Baghdad, and Erbil reached an agreement on the financial budget, stipulating that the region should hand over 250 thousand barrels of oil per day, and half of the border crossings revenues (and other non-oil revenues) to the federal government, in exchange for a share in the budget of 12.6%.

butterfly  Kurdistan Supports Freedom of Press, Barzani Says

https://shafaq.com/en/Kurdistan/Kurdistan-Supports-Freedom-of-Press-Barzani-Says    

butterfly  2021-03-01 09:04  Shafaq News/The Prime Minister of Kurdistan Region, Masrour Barzani, welcomed today, Monday, the president and members of the Kurdistan Press Union.

At the beginning of the meeting, the president of the Kurdistan Press Union, Azad Hamad Amin, and members of the Union Council presented an overview of the union's work and activities. They noted that although media has freedom in Kurdistan, but it needs to be further reorganized both legally and professionally to reduce media chaos, according to a governmental statement.

The Prime Minister reiterated his government's support to Kurdistan's journalists, highlighting their efforts in raising awareness of the community and helping the government in finding solutions and improving governance.

Barzani exhibited support for the freedom of the press in Kurdistan, saying that this is key to develop the community.

He added that Kurdistan does not allow in any means the exploitation of Journalism so that the Kurdish journalists could do their work professionally with no obstacles to serve the public interest and maintains national achievements.

butterfly   Oil Sales Rep Gets 3.5 Years In Unaoil Bribery Case

https://www.law360.com/articles/1359839    

butterfly  https://www.sfo.gov.uk/2021/03/01/fourth-oil-executive-sentenced-for-paying-bribes-to-win-a-multi-million-pound-contract-in-post-occupation-iraq/

butterfly  Fourth oil executive sentenced for paying bribes to win a multi-million pound contract in post-occupation Iraq

Dave  butterfly would be nice if they could extend prison sentences to some of those politicians........

butterfly  Turkey, Iraq plan new Border Crossing, Rail Link

https://www.iraq-businessnews.com/2021/03/01/turkey-iraq-plan-new-border-crossing-rail-link/    

Iraqi Transport Minister, Nasser Hussain Bandar Al-Shibli, has said that Iraq and Turkey will prioritise the opening of a new border crossing and rail link between the two countries.

The statement follows a meeting on Thursday with Turkey's Minister for Transport and Infrastructure, Adil Karaismailoğlu.   He said both parties have "defined practical measures for the implementation of the project", which is planned to have a positive impact on the region in general.

butterfly  PM Pushes Economic Cooperation with Egypt

https://www.iraq-businessnews.com/2021/03/01/pm-pushes-economic-cooperation-with-egypt/   

butterfly  Prime Minister Mustafa Al-Kadhimi has received a delegation from the Egyptian General Authority for Investment and Free Zones, headed by Counselor Mohamed Abdel-Wahab.

The Prime Minister stressed the importance of cooperation and economic ties between Iraq and Egypt, and expedited the completion of the integrated industrial zone that was agreed to be established in Iraq in cooperation with the Egyptian side.   The meeting also discussed facilitating the entry of Egyptian companies into the Iraqi market.

Sheila  Article: Judge Rules Administrative Court System Illegal After 81 Years -- https://www.armstrongeconomics.com/history/americas-economic-history/judge-rules-administrative-court-system-illegal-after-81-years/

Sheila  Zig Thinking the excerpt posted on DinarRecaps 2-28-21 was very informative and civil. Maybe some people read postings and might decide to participate here. Civility and Respect go a long way in words and life.

PeteV : I hope you will get in touch with the people you know in this investment and invite them to participate...we could use many more new members...the more people who contribute the better the room will be....

Zig  sheila : Maybe...but believe it or not some people are attracted to a little trouble as well....lol....like those who watch an accident....

Sheila  Video: UNREAL BUILDING TECHNOLOGIES THAT ARE ON ANOTHER LEVEL! -- https://www.youtube.com/watch?v=CD0iIJBxP0I

Zig  However, from my experience only a very tiny % of people who view a chat will ever participate...just the way it is...

Sheila  Zig It may intrigue them at first. Then the negative energy drags on you.

Sheila Zig Yes, it's the 1-10% rule. 100 sign up... 1-10 participate. That's why marketing people know someone has to view something at least 3 times for the message to take hold.

Sheila  Zig Actually 2-3 to 10 people actively participate out of those 100... lol

Zig I remember the first time I posted in a chat...I was a little scared....lol...you worry that you will not fit in or that you don't write well enough and will be criticized, etc....

Spectra  South Carolina Gov. Henry McMaster Signs Bill to Ban Abortions When Unborn Baby’s Heartbeat Begins

https://www.lifenews.com/2021/02/18/south-carolina-gov-henry-mcmaster-signs-bill-to-ban-abortions-when-unborn-babys-heartbeat-begins/?fbclid=IwAR0XieOBxo50Hg4yKzB6SCiFcsITJ4q8fjIpOadv-Nx1GgIF1H89GR7ySJA

Spectra  Thank God  Nothing breaks my heart more than this

Spectra  Biden is dropping bombs on the innocent killing children in Syria..

Spectra  Biden’s Syria Attack: An Actual Impeachable Offense

Spectra  http://ronpaulinstitute.org/archives/featured-articles/2021/march/01/biden-s-syria-attack-an-actual-impeachable-offense/?fbclid=IwAR27T-af9ZUI23KszwKAZnljIC6NaSqQXEV4ti-f5dbMFIXpm73AsY4No8U

butterfly   The Prime Ministers of Iraq and Kurdistan commends the approval of the Yazidi Survivors law

https://shafaq.com/en/Iraq-News/The-Prime-Ministers-of-Iraq-and-Kurdistan-commends-the-approval-of-the-Yazidi-Survivors-law    

butterfly  2021-03-01 15:20  Shafaq News/ The Prime Minister of Iraq, Mustafa Al-Kadhimi, and the Prime Minister of Kurdistan Region, Masrour Barzani, praised the approval of the Yazidi Female Survivors' law in the Iraqi Parliament today, Monday.

PM Al-Kadhimi tweeted, "The ratification of the Yezidi Female Survivors law is a vital step towards justice and equal citizenship," he continued, "The Iraqi Government is keen on implementing the law, provide a dignified living for all female survivors, work on freeing those in captivity, and support liberated areas."

In the same context, the Prime Minister of Kurdistan Region, Masrour Barzani, expressed gratitude to all political blocs for the approval of the law in the Iraqi Parliament, deeming it as a step to compensate the Yazidis and restore their trust.

Barzani demanded, in a statement received by Shafaq News Agency, the expedition of the implementation of the law's items to ease the suffers from the survivors and their families.

The Head of KRG reiterated his call for committing to the Sinjar agreement to reconstruct the district and allow a safe return for its citizens.

Barzani added that the Liberating Yazidi abductees' office has been able to free 3545 Yazidis, stressing that the work is underway to reveal the fate of 2768 still missing Yazidis.

butterfly  Tomorrow: A Parliamentary meeting to settle the budget and the Federal Court laws

https://shafaq.com/en/Iraq-News/Tomorrow-A-Parliamentary-meeting-to-settle-the-budget-and-the-Federal-Court-laws    

butterfly  2021-03-01 11:44 Shafaq News / The Iraqi Parliament Speaker, Muhammad al-Halbousi, announced that a meeting between the Presidency of the Council of Representatives and the heads of political forces will be held tomorrow.

The Parliament's Media Department said in a statement that the meeting will discuss several laws, including the budget bill and the Federal Court law.

The budget bill is still pending in the council of Representatives despite discussing its articles more than two months ago, as the Kurdistan Region's share represents the most prominent obstacle, in addition to the objection of some political blocs to the decision to raise the dollar exchange rate.

butterfly  Kurdistan requests mandatory COVID-19 PCR's for arrivals from Iraqi governorates

https://shafaq.com/en/Kurdistan/Kurdistan-requests-mandatory-COVID-19-PCR-s-for-arrivals-from-Iraqi-governorates   

butterfly  2021-03-01 09:19 Shafaq News/ COVID-19 Special Committee in Kurdistan issued today, Monday, a new order that binds all peole arriving in Kurdistan from Iraqi governorates to present a PCR test.

Information received by Shafaq News Agency said that the committee would not impose a partial or total lockdown as in Iraqi governorates and schools will remain open with strict preventive measures.

The authorities are considering requiring, according to the leaks, a negative PCR test on checkpoints between Kurdistan and Iraq from the arrivals in the region.

Zig  FOR NEW MEMBERS  Most things referred to are in the MESSAGE BOX area at the bottom: To log out/add avatar: Click on icon at top left..that is also where you can upload an avatar if you wish...To address a specific member: Click on their name within a post...it will appear as @Zig as an example...To see/hide who is logged in: Click on icon at top right with a number to its left... Smileys (emojis): Access them via clicking on the smiley face at bottom left...click on one and it will appear in your message...Click into message box to hide them...

To hear a click when anyone posts: Play with that speaker icon to right of # logged in icon... Enlarging a pic/avatar: Click on any picture/avatar to enlarge it, again to reduce...will always appear directly over the message box... To expand chat box size: Click on icon at top right with an arrow in it and maximize, etc...To return quickly to the bottom after scrolling up: Click on the last icon at top right of message box which turns to arrows when you scroll up.... :Welcome:

Zig  ..This chat room was established in Aug. 2020...The main purpose was to discuss the Dinar, Iraq, and related matters...however, any topic may be introduced for discussion...Please be civil and no "Name-Calling" please...Thanks.....MEMBERSHIP...REGISTERING: Register a username by clicking on "name" in the message box below...choose your username and then hit enter or click on the arrow at top right...pick a password, etc...POSTING: Log in the same way that you registered....Post by clicking into the message box and typing a message...then hit enter or click on the arrow at bottom right... PM: Private Messaging only between members and admins... OUR STAFF: Founder: Zig... Admins: sheila... Chief Newshound: butterfly ... :coffee:

Zig   There have been quite a few people who have registered recently but have not posted...Please do...I delete inactive memberships...There is absolutely no reason to register here if you do not intend to participate...no benefit whatsoever...no special list  to get on to receive a secret 800 number....

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

Zig’s Place Chat Room Discussion and News Sun PM 2-28-21

Zig’s Place Chat Room Discussion and News Sun PM 2-28-21

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

butterfly    ISIS has infiltrated villages between Kirkuk and Erbil, Peshermga Commander confirms

Who was it that said ISIS was gone.....Someone will post any garbage if they think it will bring them some attention. https://shafaq.com/en/Iraq-News/ISIS-has-infiltrated-villages-between-Kirkuk-and-Erbil-Peshermga-Commander-confirms    

butterfly  2021-02-28 11:02  Shafaq News / Commander of the Peshmerga forces in Kirkuk announced today that ISIS terrorists had infiltrated several villages on the main road linking the governorate with Erbil.

Major General Hamah Reeker said in a statement published on the Kurdistan Democratic Party website, that the area contains farmers who support ISIS, and the terrorists infiltrated to obtain food and supplies from them.

He added that those areas were under ISIS's control, and most of them were Kurdish villages, bordered by villages between Debs and the area controlled by the Peshmerga forces in the Kani Dumlan heights, noting that ISIS took advantage of the Peshmerga's withdrawal from these villages.

He pointed out that ISIS cannot pose a threat to the region, but there are quite a few Arab villages' residents who had previously joined the terrorist organization who have recently joined al-Hashd al-Shaabi they supply ISIS with food, weapons and government cars whenever they can.

butterfly  https://shafaq.com/en/Iraq-News/The-Iraqi-ambassador-to-the-Vatican-appointed-as-Head-of-the-Near-East-Region-Group-at-FAO

butterfly  The Iraqi ambassador to the Vatican appointed as Head of the Near East Region Group at FAO

butterfly 2021-02-28 13:43  Shafaq News / The Iraqi Ministry of Foreign Affairs announced that FAO Regional Office for Near East and North Africa had chosen the Ambassador of Iraq to the Vatican, Safia Talib Al-Suhail, as the head of the group for 2021.

Al-Suhail expressed her gratitude for the group and its serious contributions in combating hunger, achieving food security and eliminating desertification, noting, "Iraq is keen to support the organization's plans and work in developing the agricultural reality in all countries."

It is noteworthy that the group includes Iraq, Jordan, Kuwait, Saudi Arabia, Egypt, Libya, Lebanon, Algeria, Bahrain, Sudan, Qatar, Oman, Syria, Tunisia, the United Arab Emirates, Yemen, Morocco, Mauritania, and Iran.

Dave  Cabal forces at work?

Dave DJT...soon

butterfly  There areDuhok registers 14 cases of COVID-19 's new strain three new strains that I have heard about. https://shafaq.com/en/Kurdistan/Duhok-registers-14-cases-of-COVID-19-s-new-strain

Dave Zig you do not understand my questions?

butterfly  2021-02-28 11:39 Shafaq News / Duhok health department announced today that it had registered cases of COVID-19's new strain for the first time.

The department's media official, Hamzah Raziki, told Shafaq News agency that 14 cases of COVID-19's new strain were detected today.

Raziki explained that the COVID-19 hospitals in Duhok are prepared to receive the cases.

On February 21, the Kurdistan Region announced registering the first case of COVID-19's new strain in Erbil, a week after the new strain appeared in Baghdad.

butterfly   Serious talks with Total and Lukoil to establish gas plants, Minister of Oil says

https://shafaq.com/en/Economy/Serious-talks-with-Total-and-Lukoil-to-establish-gas-plants-Minister-of-Oil-says

butterfly  2021-02-28 04:50  Shafaq News/ Minister of Oil, Ihsan Abdul-Jabbar, said today, Sunday, that southern fields take precedence in oil production over the central and northern fields.

Abdul-Jabbar said in a statement to Shafaq News Agency, "Basra Gas Company manages a giant project to build new constructions. They are still in the initial stages, but they aim at producing 400 million cubic feet and 1000 million cubic feet in future."

Abdul-Jabbar pointed out that the South Oil company started negotiating with the French TOTAL and the Russian Lukoil to build plants with a capacity of 600 million cubic meters.

He added that Maysan is working on a project aiming to produce 300 million cubic meters, which equates to 20% production.

"Dhi Qar also will witness a big project to produce 200 million cubic meters, and they are now in the stage of land handling. Contracts were concluded with the companies. They are currently completing the credential documents."

Preliminary estimates of the Iraqi Ministry of Oil show that Iraq has 132 trillion cubic feet of gas reserves, and 70% of Iraqi gas is a byproduct of oil extraction. Iraq today occupies that 11th place among the world's wealthiest countries in natural gas.

butterfly  Dinar rates slipped in Kurdistan

https://shafaq.com/en/Economy/Dollar-Dinar-rates-slipped-in-Kurdistan Dollar/ 

butterfly   2021-02-28 01:48   Shafaq News/ Today, Sunday, Feb. 28, 2021, the Dinar/Dollar exchange rates dropped below yesterday's levels.

Shafaq News Agency correspondent said that Erbil markets are trading the 100 US dollar at 145000 and 144500 Iraqi Dinars for selling and buying, respectively.

Our correspondent added that Baghdad markets are closed today due to the total lockdown that ends on Sunday.

Dave  initial stages......lol   another MOU?

butterfly  https://shafaq.co2021-02-21 01:43

Shafaq News/ Today, Sunday, Feb. 21, 2021, the Dinar/Dollar exchange rates are still hovering near yesterday's levels.

Shafaq News Agency correspondent said that Erbil markets are trading the 100 US dollar at 146000 and 146200 Iraqi Dinars for selling and buying, respectively.

Our correspondent added that Baghdad markets are closed today due to the total lockdown that ends on Sunday.m/en/Economy/Dollar-Dinar-rates-no-change-in-the-past-two-days-0 Dollar/Dinar rates: no change in the past two days

Dave  oops....1 iqd 1/14 0f a cent..........

PeteV Trump to speak at CPAC : https://youtu.be/dFf9fYqJk4o

PeteV  Just came out: Rapid Updates  Will We see Iraq 2021 Budget Vote Soon? Iran cancels flights to 32 countries.   Protect, Prepare & Position Yourself For Wealth  IRaQ Brief Update | Will We See A Budget Vote?

https://youtu.be/5unr8cjoTJ8

PeteV  we need more folks

Sandyf  @Sheila Zig And think about this point of reference. Whenever any currency resets or revalues, for whatever reason/s, it is a global update.  Shiela you are right to a certain extent, but a global update does not equate to a global reset. Some currencies have a much more significant effect on a country's economy than others.

Sandyf   The last global reset was on Nov 18th 1967 when the GBP was devalued by 14% from $2.80 to $2.40. At that point in time the GBP was the predominant reserve currency and as a result most countries around the world had to adjust their financial position. It should be noted that occurred at 9pm on a Saturday evening, bit of a shock coming home from the pub. In those days we could only take £50 out of the country.

Sandyf   Iraq is never going to revalue in the way people want to think but some sort of reset is not out of the question. At the end of the day, the major economies cannot keep printing money ad infinitum.

Firefarmer  sandyf The way that we are going to see the revalue is when the US$ inflates so much that the IQD decouples from the US$ and then it will look like a RV to Americans.

IPJB/TEBOW   Don't have just love gurus who think they know more than anyone else.  :Laugh:

sheila   IPJB/ TEBOW Yes, I do love gurus who think they know more. Many certainly know more than me. And this helps me stay in the hope. If this many people are committed to the dinar ... and other currencies as well, then we are all in for a great ride. wahooo!

IPJB/TEBOW  Sorry to hear you believe gurus.... Can you you just one who hasever been right?

Sheila  IPJB/TEBOW  they don't have to be right. and... you and I are still here. lolol

IPJB/TEBOW  don't have to be right? Then they are worthless

Sheila  IPJB/TEBOW good researchers. I don't easily dismiss people and their purpose. It is not for me to judge. Listen and filter. Use what I want and leave the rest. keep hope alive.

IPJB/TEBOW   Why listen and filter if you aren't going to judge. Opinions are not research.

Sheila  IPJB/TEBOW  Think what you will. Don't rain on my parade.

IPJB/TEBOW   I will. It will only rain on your parade if you let it

Sheila IPJB/ TEBOW  guess some people aren't happy unless they are pushing on other people... not gonna happen. lolol

IPJB/TEBOW   Some people are gullible some are not. No one said you couldn't believe what you want. LOL

Sheila  IPJB/ TEBOW  so if we don't agree with you, we're gullible?

IPJB/TEBOW  sheila no one said you were gullible....... You don't have to agree with me. In fact, I would never share any information I might get from different sources. You can believe whomever you want, and I will believe what I want. That's what's great about this country. At least for now. If I believe that people are gullible in believing gurus who have never ever been right about anything, that is my opinion. Are you saying people should not have their own opinions.

Sheila  TEBOW   You have been professionally trained. Your last question is trying to turn tables in this chat line. Implied, inferred, whatever. Zig opened this chat to share information on the dinar, etc.

IPJB / TEBOW   sheila I do believe Zig said the chatroom was open for any kind of discussion.

Sheila  TEBOW  then chat. be civil. be respectful.

IPJB/TEBOW   Doesn't my pointing out no guru has ever been right has a bearing on dinar discussion?

IPJB / TEBOW  How am I being disrespectful point this fact out.  What a pointed out has always been true.

Sheila  IPJB/TEBOW  What will you be saying when the dinar resets, revalues, reinstates, ect.?

IPJB/TEBOW  Then again in this time and place truth no longer matters to some

Sheila  IPJB/TEBOW  etc.

IPJB/TEBOW  I will be saying nothing here. I will be to busy with other things. LOL  The worst thing that can happen to this chatroom is an RV................. Poof everyone is gone!

 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

Zig’s Place Chat Room Discussion and News Sun AM 2-28-21

Zig’s Place Chat Room Discussion and News Sun AM 2-28-21

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

PeteV  Pimpy's Investment Chat--Silver - keep buying and holding (record number of deliveries)    - https://youtu.be/Tg5Wd2sejLk

Sheila  PeteV I like precious metals. Physical assets are good to have and hold.

PeteV  @sheila specially in this time n age

Zig  PeteV : Thanks...I have invited "Pimpy" to come here as well before....thanked me for the invite but never came....some of those folks are afraid of getting criticized in here so stay out IMO.....

butterfly  In oil-rich Iraq, some women buck norms to take gruelling rig site jobs

https://www.theglobeandmail.com/world/article-in-oil-rich-iraq-some-women-buck-norms-to-take-gruelling-rig-site-jobs/     

butterfly  https://www.tehrantimes.com/news/458571/Engaging-Iran-will-serve-America-s-interests-in-West-Asia-ex-White      Engaging Iran will serve America’s interests in West Asia: ex-White House adviser

butterfly  https://www.tehrantimes.com/news/458619/Ambassador-says-Iran-ready-to-assist-Iraq-in-security-affairs       Ambassador says Iran ready to assist Iraq in security affairs

Sheila  PeteV since babylon... lol

butterfly  'It Was Like Magic': Iraqis Visit Babylon And Other Heritage Sites For 1st Time

https://www.npr.org/2021/02/23/965400736/it-was-like-magic-iraqis-visit-babylon-and-other-heritage-sites-for-1st-time    

butterfly  A detailed article by Alice Fordham, for NPR, details the emerging trend of Iraqis visiting the many ancient heritage sites of their homeland.   Helping them engage with their rich culture is local startup Bil Weekend, founded by Ali Al-Makhzomy.

butterfly  Kurds to provide maximum security for historic papal visit: PM Barzani

https://www.rudaw.net/english/kurdistan/28022021    7 hours ago

butterfly  ERBIL, Kurdistan Region — Kurdish authorities will take every precautionary measure to ensure the historic visit of Pope Francis goes smoothly, without any complications, Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani said on Saturday, almost two weeks after a barrage of rockets on the Region’s capital Erbil killed two people and wounded several others, including US service members.

“We are taking every precautionary measure to provide maximum security for his Holiness’s visit to our region,” Barzani told France 24 in an interview on Saturday. “This will be a historic visit for his Holiness to the Kurdistan Region and so to Iraq, and we believe this is going to shed light on the efforts that the KRG has done over the years for tolerance and acceptance of religious groups and minorities that live in Kurdistan for many, many years.”

The Kurdistan Region has been a safe haven for tens of thousands of Christians who have fled violence in the rest of Iraq since 2003, as well as millions of Muslim Arabs and Syrian refugees who have lived in the semi-autonomous region in peace and harmony for nearly 20 years. In a February 15 rocket attack on Erbil, the killed an injured included a father of two from Ramadi who sought safety in the Kurdistan Region for his family during the war against the Islamic State group (ISIS) and a refugee from Kobane, Syria who fled the civil conflict there.

In a visit to the Vatican last February, Barzani discussed with Pope Francis the Kurdistan Region’s achievements in protecting religious and ethnic minorities and hailed successes in guaranteeing freedom of worship for all faiths.

While the Kurdistan Region has been spared most of the violence that has engulfed the rest of the country in recent years, rockets have landed in the capital Erbil, fired by shadowy groups reportedly affiliated with elements within Iraq’s Popular Mobilization Forces (PMF) who are loyal to Iran.

In response to attacks on US and coalition facil

butterfly  Vatican envoy to Iraq tested COVID-19 positive: officials

https://www.rudaw.net/english/middleeast/iraq/280220211    

butterfly   BAGHDAD, Iraq — The Vatican's ambassador to Iraq Mitja Leskovar has tested positive for COVID-19, two officials told AFP Sunday, just days before Pope Francis' historic visit.

"Yes, he tested positive, but it will have no impact on the visit," an Iraqi official involved in the papal plans said.

An Italian diplomat also confirmed the infection.

As apostolic nuncio to Baghdad, Leskovar had been travelling across the country in recent weeks to prepare for the pope's ambitious visit, including visits to Mosul in the north, the shrine city of Najaf and the southern site of Ur.

During foreign trips, popes typically stay at the nuncio's residence, but Iraqi officials have not revealed where Francis will reside during his trip, citing security reasons.

Iraq is experiencing a resurgence of coronavirus infections, which the health ministry has blamed on a new faster-spreading strain that first emerged in the United Kingdom.

The country of 40 million is registering around 4,000 new cases per day, near the peak that it had reached in September, with total infections nearing 700,000 and deaths at nearly 13,400.

Pope Francis, as well as his Vatican staff and the dozens of international reporters travelling with him, have already been vaccinated.

butterfly   sheila thanks I post what might be interesting because NOTHING is being posted about what we all are looking for. A lot of great history articles yesterday and today. It will be a great day when it is told to everyone at the same time.......we are finally done and we can go and do our exchange. In the meantime people need to enjoy life, their family, their friends, even their enemies because you never ever know when your number is drawn.

Sheila  butterfly true and thanks

Dave   butterfly Really good news is that CBI is maintaining an excess of 55 billion/usd......

Zig  butterfly : Thanks...variety is good in a chat room...people have different interests, etc....and I usually get along fairly well with my "enemies".....lol

Zig   Dave : Why do you think that is really good news?

butterfly   Dave Don't misunderstand what I'm about to post...........Throughout the many years I have posted thousands of articles, nothing has changed only in the verbiage.Iraq has a very long road ahead of them. Most don't understand that. Think of a cult, you have a leader and that leader tells you what you can and can't do.....only believe in me.

That cult leader has been taken out.....okay a lot of head scratching.....what do I do now......you have people that will take advantage of the "not knowing what to do now" people.....it will take a very long time. I also read throughout my postings of the IMF saying what is going to happen to Iraq, the latest one says (paraphrasing) it hopes by 2024. Keep the cult mind in your thoughts because there are a lot of people that have moved on with their dinar and have found NOTHING has changed, when and if it does.............everyone will know. I find the history of the middle east is something I am more interested in reading then all the other stuff.

Dave  like the budget going to be passed in the coming days.......

Dave IMF World BANK UNAMI all hope Iraq gets their act together.......

Dave  Not sure on the Cult Stuff.......Dave  Iraq seems still to be under CH7 sanctions,,,,,,still getting spanked.....Not sure if any nation has a globally traded currency while under ch7?

Dave  or when Iraq is still listed as one of the most corrupt nations in the World.......with no private banking laws to protect foreign investment.....all they have are plenty of MOUs,,,,,,,still awaiting reliable electricity ......cant generate their own....

butterfly Very good Dave......very well said. Yes we must wait until the budget is passed. How many times have we heard that one?

Dave since the getgo......Them Kurds.........still want their share........

butterfly  As seck talked with someone in the IMF....it is up to the CBI to or if they change their dinar value.

butterfly  Darn Dave stop telling the truth LOL.

Dave  oops......

Dave  CBI would loose that 55 billion in a heart beat come April 6.......

butterfly  I remember having this argument with a person (can't remember his name now) about how he was voting for DJT because DJT was going to change the rate of the dinar. We even exchanged phone numbers to continue our arguing. Here we are today and nothing has changed. Some people have very hard heads.

Dave  DJT has a jet full of Dinar.....so the story goes

butterfly  LOL OMG I do remember that also.

Dave  i have hopium.....just no longer awaken at 3AM to see if i can exchange the next day  ….  support and sustain.a rv.....seems most reasonable to me

butterfly  As I posted a few days ago, way back when all of this was going on the word was put out that buy buy buy the dinar because it is helping Iraq. Stop and think about that for a while.

Dave  also.heard tell that an Interim Govt can not pass important laws.....

butterfly  Just like here in the US Dave

Dave 2-3% on the spread   lol not going there....

butterfly  Remember back when the PM of Iraq was going to be visiting the US......everyone held their breath believing/thinking it was going to happen. NOPE....NADA....ZILCH....OL

butterfly  Me either Dave....not going there.

Dave  learnt my lessons from IQD team....never followed the Gurus

Dave  well not much.,.....lol

butterfly  Gurus are making a lot of money off of the hype, etc.

butterfly  I remember when PTR decided to charge for their nonsense. I paid one month and it took me going to my bank to cancel that card because they kept taking my money once I told them NO.

Dave  paid???  get the stuff fer free on the chat

butterfly  Yup that was way back when I fell for their lies and met a lot of great people....Zig was one of them. Not back then Dave, you had to pay. Then Seck opened his own website----for free. We brought most of the people over there to chat and read articles, but some were still paying PTR.

Dave  Glad i started with this adventure with the IQDteam  my perspective........been biased from those negative Nellies?

butterfly  I have been away from the IQD for many years now UNTIL Zig ask me to come here and post articles. Fortunately for him I have some time now and who knows when I won't have the time. My life is dedicated to others. Unfortunately I just found out that one of my friend's is starting on the down side of life.

Dave  :Sad:   but the start of a new beginning........

butterfly   Official: Iran, Iraq Accelerating Expansion of Economic Ties

https://www.farsnews.ir/en/news/13991209000845/Official-Iran-Ira-Acceleraing-Expansin-f-Ecnmic-Ties 2021-February-28 12:59 

butterfly  TEHRAN (FNA)- Secretary of Iran-Iraq Joint Economic Commission Mohammad Vali Alaeddini announced that the development of mutual cooperation has been accelerated due to the decision made by their joint commission.

 "Iraq and Iran enjoy many common social, cultural, religious, political and economic aspects, and we were able to take effective steps to expand relations in different sectorsو including export of products in various fields and development of non-oil exports," Alaeddini said.

He pointed out that exports of agricultural goods, dairy products, dam construction, water and electricity, and tourism are among the areas agreed upon in the negotiations held with Iraq.

"We hope that the process of export development with neighboring countries, specially Iraq, will be stable and will continue and increase due to Iran's very desirable capacities," he added.

Economic relations between Iran and Iraq have expanded and the volume of trade has increased in recent years.

Dave  USA not sanctioning Iran????

butterfly  yes but not full

Dave  thought electricity and gas only?

butterfly   Tehran, Baghdad Discuss Transfer of Iran's Frozen Assets

https://www.farsnews.ir/en/news/13991210000898/Tehran-Baghdad-Discss-Transfer-f-Iran's-Frzen-Asses 2021-February-28 20:00  

butterfly  TEHRAN (FNA)- Governor of the Central Bank of Iran Abdolnasser Hemmati and President of the State-owned Trade Bank of Iraq Salem Chalabi in a meeting in Tehran reviewed ways to transfer Iran’s frozen assets in the neighboring country.

Hemmati and Chalabi conferred on methods of transferring and using Iran's resources and frozen assets in Iraq.

The Iraqi official further referred to recent payments to Tehran from its frozen assets in Iraq, underlining that efforts are made to create financial channels to facilitate the process.

In a relevant development in mid-October, Hemmati announced that the volume of Iran's blocked assets in Iraqi banks stood at five billion dollars.

"Tens of billions of dollars of our assets are frozen in foreign banks and even countries that have good relations with Iran cannot cooperate with us due to the US pressure," he said at the time on the sideline of the Cabinet meeting.

Dave  YIPPIE.......No good news??????????  100s of billions.....holding out on me.......? Maliki still has some nice mansions in London

butterfly https://www.kurdistan24.net/en/story/24016-Erbil-rocket-strike-%E2%80%98definitely-a-terrorist-attack;%E2%80%99-progress-made-on-probe:-Kurdistan-PM Erbil rocket strike ‘definitely a terrorist attack;’ progress made on probe: Kurdistan PM 

Dave  terror attack by Iran.........

butterfly  Just like I posted before, when you have a cult leader (if you don't understand that phrase, do some research on it) don't close your eyes because everything will be taken from you and you never even knew it.

Dave  Iran would hate to see Iraq become powerful.......:Mask: LOL

butterfly  Yes and they don't have someone with balls to tell them f off.

Dave  Sectarianism still at play......

Zig  I am starting to think that some of you don't believe that Jeff AKA "Dinar Investor", who thinks we will all be rich by April...the rate changing in late March or so...

butterfly  Zig thanks for the laugh.............NOW how many times have you, I, them heard this? LOL

Dave  Zig yeah because that is what Kuwait did...,...?

Zig  Yes!!!....Now you understand @Dave

Dave  SAM speak of the Devil!

Sam I Am  I don't believe

Zig   Aw come on @Sam

Sheila  Zig Regardless of what Dinar Investor says, the WEF says there is going to be "Great Reset". And any Social reset always has a price tag -- or Financial Reset. So even the WEF says there's going to be a Great Reset. Good or bad for us is the real question that springs to mind.

Zig  I will say that @Jeff does not come across as some kind of nut....a reasonable guy IMO

butterfly  I have been watching the numbers here in this chat. the number was pretty high BUT when we started telling the truth.....BAM they all disappeared. LOL

Dave  truth hurts somertimes.....

butterfly  Sam I Am are you the one that had the website that exposed all of these "gurus"?

Sam I Am  dat's me

butterfly  Thank you.

Dave  and thats what Kuwait did......yrs ago...... Sam I Am ?

Sam I Am  you're welcome

butterfly  Unfortunately cult minds won't believe anything that you exposed about them.

Sam I Am   Kuwait did nothing except get invaded .... and after they were liberated they restored the Kuwaiti dinar as the official currency

Dave  Sam I Am i recollect ...lol

Dave Mexico Russia Belarus...

Zig  butterfly : Most people have to discover things on their own IMO....will not listen for a long time to reason.....

butterfly  cult minds Zig

Dave   butterfly no just to lazy to do any research on their own?

Zig  Dave : True...Guilty as charged....lol

Sheila  butterfly maybe it was like probation for time period and not a "permanent" ban.

butterfly  Oh no not what I read sheila

Zig  sheila : Do you ever think that this whole endeavor may be a scam??

Sheila  Zig nope

Zig  I do consider that

Dave  scam i am ahead of the curve bought 1million/700

Zig  Nobody's views ever bother me...some people get so upset....lol...I just go with the flow....

Sheila  Zig U.S. has done currency devaluations to about 80 countries. War, invasion, break them financially with currency devaluations - then conquer, rebuild along with new currency valuations. This time is different because it didn't happen as fast or as quiet as this has been done historically.

Sheila  Zig correct this if I am incorrect in these statements.

Zig sheila : Does someone like @Sam coming in here telling you it's a scam upset you?

Sam I Am  sheila What country has revalued their currency by more than 50%?

Sheila   Zig EO 13303

Sheila  Zig nope

Dave  Sam I Am how many rounds and yrs.......

Sheila  Sam I Am Why don't you share the point you are trying to make with that question?

Zig  sheila : I don't know enough to correct you about anything.....lol

Sheila  Sam I Am Kuwait might the most recent.

Dave  okay wallets or wheel barrows.........said it!

Zig  We welcome all views in here though I am sure some don't like that....lol

Sam I Am  sheila The point I am making is that if no country has ever revalued at more than 50% then essentially the dinar investment is a bet that something unprecedented is going to happen

Sheila  @Sam I Am Germany back in WW2 might be another one?

Dave  Zig because that is what Kuwait Mexico Belarus did......lol

Zig  Dave : Why are we still in this @Dave????.....lol

Sam I Am  sheila Germany didn't revalue ... they replaced the old reichmark with the deutchmark in a redenomination

Sheila  Sam I Am Personal opinion, the Dinar might not be the only currency revalued as part of this "Great Reset".

Dave  Zig FAITH and GOOD research!

Zig  Dave : Okay

Sam I Am sheila And Kuwait didn't revalue ... they reinstated their currency at the same valuation after they were liberated

Sheila  Sam I Am Did their currency increase in buying power?

Sam I Am  no

Dave sheila Sams correct

Zig Sam I Am : You have seen the story about @TWW making money from the Kuwaiti Dinar....do you believe it??

Dave  Saddam cleaned them out mint plates too

Sheila  Dave good points. Still if I had Kuwait dinar, it's exchange value went back to reinstatement value.

Dave Zig a window of opporunity fer a few days possibly

Zig Dave : Maybe a black market?

Sam I Am  Zig I don't believe any of these Kuwaiti dinar stories

Sam I Am  There were probably some currency traders in Jordan who profited but that's about it

Sheila  Sam I Am LOL - they why are you here?

Sam I Am because I was invited

Dave  Sam I Am thought you said you still held some?

Zig sheila : I like a room with different views...lol

Dave  Zig Views in Speculation........

Zig Dave : Sure...why not....

Sam I Am Dave I still have about 100,000 in LD 

Sheila  Zig I'm good with that. Respect.

Dave only have a view when you open a window

Zig  Makes for some good conversations if people can avoid getting upset and name-calling.....lol

Dave  Sam I Am Swiss notes or 50s?

Zig  Of course I do understand that many people out there only want to hear that they will be rich tomorrow....

Sheila  Zig hope is good for the soul, spirit

Dave  Zig I do prefer the View of CBI......not the views of others as much

Zig True sheila

Zig Dave : I know that...agree but boring....lol

Dave  good fer giggles......

Zig  Yes

Sam I Am Dave I have some 50s, 250s, 500s, and 1Ks

Dave  have some 50s too

Sheila   Baltic Dry Index -- https://www.bloomberg.com/quote/BDIY:IND

Sheila  Sam I Am Would love a Reinstatment. 3.22 or 3.40 or 3.80 -- Absolutely wonderful numbers.

Dave  id take a nickle …   at 1/10 of a cent a penny would be 1000 %ROI.....

Sam I Am  sheila They're not going to do a resinstatement because their currency wasn't replaced like Kuwait's was.

Sheila  Dave For dong, consistently hearing .47 cents... At devaluation, VND was over 2 dollars.

Dave  Sam I Am break out the whell barrows

Sheila  Sam I Am Wow, then why don't you educate us?

Sam I Am   The Kuwaiti dinar was replaced by the Iraqi dinar when Kuwait was under occupation. When they were liberated the reinstated their currency. No such scenario in Iraq.

Dave  Rice aint worth as much as light sweet crude

Zig  @PeteV: Still like this room??...lol...you won't always hear what you "want to hear" in here....

Sheila  Sam I Am Didn't the Iraqi Dinar replaced with US Dollar for people to use?

PeteV  its all good

Zig  Good....lol

Dave  sheila IMF dont like MCP........

PeteV  i hope the VND goes at the same time---wishing

Sam I Am  sheila Not sure what you mean. When Saddam was overthrown they set up a provisional govt and replaced the old dinar with Saddam's mug with the new dinar valued at about 1400:1 ... then it climbed up to 1166:1 before they started devaluing

Dave sheila Thats the RV.......

Sheila Sam I Am continue

Dave missed that...But CBI did mention Delete 3 zero program later

Sam I Am  sheila That's pretty much it

Dave  and Cbi still mentions the 3 zero program after the sadam notes went bye bye

Sam I Am The purpose of replacing Saddam's currency was to represent a new era for Iraq post-Saddam. They wanted the country and economy to stabilize before redenominating

Dave Sam has difficulties with past present future

Sam I Am  and redenominating is what "delete the zeros" means

Dave  CBI subsequently came out with the 3 zero program after this redemonination

Dave geeze

Sam I Am right ... to remove the effects of hyperinflation from the 80s

Dave and continues to mention it 11 yrs after

Dave  yes wallets or wheel barrows

Sam I Am you don't need wheelbarrows once you add zeros, which is what they did

Dave  each ld costs 7 cents each to mint   Dave  fils more  1000 fils fer that coke...with no RV.....call that inflationary

Sam I Am  there

Sam I Am  there's no currency called a fil

Dave cost CBI 100 bucks to mint enough coins ti opay fer that coke  not yet but soon

Sam I Am  the fil concept is used for accounting

Dave  open your window

Dave CBI said otherwise

Dave  6 cents a note........60 bucks fer enough ld notes to pay fer thatn coke then.....ouch!

Dave thats not inflationary?  and make change if you provide a 25K note????????  I want change please.....That sounds really reasonable.....LOL  Have i missed the boat on that Sam I Am ? not a reasonable arguement?  my math wrong?

Sam I Am  I didn't see any math   I've never followed your logic when you start talking about cokes and smokes

Dave  how much to print 1 note?

Sam I Am How much does it cost the US to coin a penny?

Dave  1 coke currently 1000dinar

Sam I Am it costs 2 cents to mint a penny

Dave notes 6-8 cents each

Sam I Am does that mean we're going to revalue the dollar?

Dave fer arguement sake 1dinar note...  6 cents

Dave    https://govtrackinsider.com/it-costs-2-to-make-a-penny-and-7-to-make-a-nickel-but-cents-act-could-bring-those-costs-down-aa6aabfc9a8b

Dave  what size fer them fils.....doubt they would be smaller than a cent

Sheila Dave metals

Dave yeah iqd at 1/10 of a cent......

 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

Zig’s Place Chat Room Discussion and News Sat 2-27-21

Zig’s Place Chat Room Discussion and News Sat 2-27-21

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

Butterfly   Networks of Power: Popular Mobilization Forces and the State in Iraq

butterfly  Summary

The Popular Mobilization Forces (PMF) continue to puzzle policymakers inside and outside of Iraq. Following the territorial defeat of the Islamic State (ISIS), PMF networks have developed into significant security, political and economic forces that compete for power in the Iraqi state. At the heart of unsuccessful attempts to understand, engage or navigate this dynamic is a fundamental misreading of the nature of both the Iraqi state and the PMF. The Iraqi state is best understood as a network of power and the PMF as an array of forces connected in this network.

Despite efforts from its senior leaders, the PMF is not a coherent, integrated organization. Instead, it remains a series of fluid and adaptive networks that vary in horizontal (leadership coherence) and vertical (ties to a social base) structure. Each network’s structure sheds light on its strategies, capabilities and connectivity to the state. Some of these networks are closely linked to neighbouring Iran.

PMF networks enjoy a symbiotic relationship with Iraq’s security services, political parties and economy. Their members include not only fighters, but also parliamentarians, cabinet ministers, local governors, provincial council members, business figures in both public and private companies, senior civil servants, humanitarian organizations and civilians.

The connectivity of PMF networks reveals the true nature of the Iraqi state, which does not fit the neo-Weberian or Westphalian ideals that conflate formal government institutions with state power. PMF networks enjoy state power – they are integrated into Iraqi politics and control a social base – but they do not necessarily always sit in a formal government.

Policymakers looking to reform or restrict the PMF have relied on a series of options: divide the constituent groups against each other, build alternative security institutions, impose sanctions on individuals, or strike with military force. Yet, these options have failed to reform PMF net

https://www.iraq-businessnews.com/2021/02/27/networks-of-power-popular-mobilization-forces-and-the-state-in-iraq/

butterfly  Iran's FM denounces attempts to damage relations with Iraq

https://www.plenglish.com/index.php?SEO=irans-fm-denounces-attempts-to-damage-relations-with-iraq&id=64896&o=rn

butterfly  Tehran, Feb 27 (Prensa Latina) Iran's Foreign Minister Mohammad Javad Zarif denounced on Saturday that some attacks and incidents in Iraq are aimed to damage relations between Tehran and Baghdad.

Zarif expressed that opinion during a meeting with his Iraqi counterpart, Fuad Hussein, who is on an official visit to the Islamic Republic, the second in a month.

In the view of the head of Iranian diplomacy, some recent attacks and incidents inside Iraq would be aimed at straining bilateral ties.

'We emphasized the need for the Iraqi government to find the perpetrators of such incidents,' the FM indicated.

Elsewhere in the dialogue, Zarif condemned the dangerous US action of targeting positions of Iraq's Popular Mobilization Units on the Syrian-Iraqi border.

Such operations, he noted, are illegal and violate the country's sovereignty.

butterfly  Decades after the Gulf War, Iraq’s youth view oil as a curse

https://www.aljazeera.com/economy/2021/2/26/decades-after-the-gulf-war-iraqs-youth-view-oil-as-a-curse

Thirty years after Iraq invaded Kuwait, youth protesters are demanding the government end corruption in the oil industry and finally use its profits to improve people’s lives.

butterfly  Financial issues discussed between Iran, Iraq

https://www.tehrantimes.com/news/458555/Financial-issues-discussed-between-Iran-Iraq   

butterfly  TEHRAN- During a meeting between the governor of the Central Bank of Iran (CBI)and the managing director of the Commercial Bank of Iraq, the two sides discussed the ways for the transfer of Iran’s funds in Iraq.

Iran and Iraq have several times discussed the issue of releasing Iran’s financial resources in Iraq over the past months, based on which Iran was supposed to have access to its funds which are related to the gas export to Iraq.

Iranian goods, services highly welcomed in Iraq

The chairman of Iran-Iraq Joint Economic Committee stated that Iranian products and services are highly welcomed in the Iraqi market.

Saying that Iraq has many social, cultural, religious, political, and economic commonalities with Iran, Mohammad-Vali Alaeddini expressed hope that the process of boosting export to the neighboring countries, especially Iraq, will be stable and will continue and increase due to Iran's very desirable capacities.

In mid-January, Iranian Energy Minister Reza Ardakanian, who is the head of the Iran-Iraq Joint Economic Committee, said that the two countries’ annual trade is going to be increased to $20 billion.

Ardakanian made the remarks in the opening ceremony of the two countries’ fourth Joint Economic Committee meeting in Tehran, which he co-chaired with the Iraqi Trade Minister Alla Ahmed Al-Jubouri.

“The Islamic Republic of Iran is ready to support the export of Iranian engineering and technical services to Iraq by establishing a joint investment fund,” he said, adding that new agreements are going to be signed between the two countries in the fields of water and energy.

He also underlined the development of transportation lines between the two countries as an important factor in the development of trade relations between the two countries and added: “We are ready to implement the previous agreements in the fields of electricity, gas, and water, and to formulate new agreements in this field in order to develop cooperation between the two countries

butterfly  Iraqi FM due in Tehran on Saturday

https://www.tehrantimes.com/news/458542/Iraqi-FM-due-in-Tehran-on-Saturday     

butterfly   TEHRAN – Iraqi Foreign Minister Fuad Hussein is expected to arrive in Tehran on Saturday for the second time in a month, according to an Iraqi news agency.

Citing a source familiar with the matter, Iraqi Middle East News reported on Friday that the Iraqi foreign minister will travel to Tehran for the second time in less than a month.

The source did not give more detail about the visit and the issues that Hussein will discuss with Iranian officials.

The chief Iraqi diplomat paid a visit to Iran in early February during which he met with his Iranian counterpart Mohammad Javad Zarif, Secretary of Iran’s Supreme National Security Council Ali Shamkhani and President Hassan Rouhani.

The foreign ministers of Iran and Iraq discussed the latest developments in bilateral relations as well as regional and international issues, the Iranian Foreign Ministry said in a statement at that time.

During the meeting, Zarif expressed his appreciation to the Iraqi government for judicially following up on the assassination of the two anti-terror leaders, Major General Qassem Soleimani and Abu Mahdi Al-Muhandis, expressing hope that anyone who ordered and carried out this criminal act would be punished through legal follow-up, according to the statement.

“Ending the presence of the American forces in the region would be the best response to this terrorist act,” Zarif said.

Foreign Minister Hussein, for his part, described the visits of the delegations of the two countries as a sign of the two sides' commitment to bilateral relations. Reviewing the issues of relations between the two countries in various fields, he explained the views of the Iraqi side in this regard.

The Iraqi foreign minister also met with Shamkhani, who expressed appreciation to Iraq for issuing an arrest warrant against former U.S. President Donald Trump who had ordered the assassination of General Soleimani and al-Muhandis.

Zig

http://finalwakeupcall.info/en/?s=QFS and http://finalwakeupcall.info/en/2021/02/27/victory-is-ours/

Dave  New World Order......? Would that mean that the Cabal forces have failed....? Missed yet another boat?

Sheila  Zig What was that bet -- you would give me 1M Dinar if it revalues by April 6?

Dave  sheila give you3-1 odds on that?  need some wall paper....

Zig  sheila : LOL....Not a "bet"...I would just give you 10% of whatever I make....

Dave  Zig sign me up too

Zig  LOL....No way

Sheila  Zig Asking for clarification. lolol

Zig  I would be so happy I would not care about losing 10%.....LOL

Dave sheila Doubt Zig is that charitable?

Sheila   Zig And I still accept the offer. Very happy today.

Zig  I have enough Dinar so would not miss 10%.....

Dave you mean a looooonnnngggg shot

Zig  What are the odds of something happening by April??

Sparky  ... 10% of how much ?

Sheila  Zig Don't know about odds. Just going by my friend's latest message to me this week.

Dave  Zig a nano meter

Zig  Sparky : LOL....Not saying....will have to trust me....

Sheila  Zig Man of Honor. that's my faith.

Zig  Believe me if it ever increased like that I would not care one bit.....

Zig  So if @sheila is right   :Happier:

Dave  cut me out   :Sad:

Dave  https://www.bing.com/videos/search?q=if+i+had+a+million+dollars&view=detail&mid=C6B2FA0EE16FED539075C6B2FA0EE16FED539075&FORM=VIRE0&ru=%2fsearch%3fpc%3dCBHS%26ptag%3dN4151D082318A9DFA1A1FF2%26form%3dCONMHP%26conlogo%3dCT3210127%26q%3dif%2bi%2bhad%2ba%2bmillion%2bdollars

Sparky   Zig ... if the IQD goes for a nickel in the next six months, I will sponsor this room for the next three decades ...... trust me ...

Dave  Sparky more Kraft dinner?

Sparky  :Hammock:... patience is a virtue ...

Dave  Still holding my position in the QUE in Reno?????  need more mustard?

Sparky  Dave ... my dinner will comprise of steak tips, green beans, and steak fries ... lot's of steak sauce ..

Dave  no caviar?  truffle mushrooms?

Sparky  Dave ...baby Bella 'shrooms ...

Dave  thinking of going to a really nice restaurant and not looking at the price list...would be nice

27 Feb 21, 07:25 PM Dave  Porsche GTS.....

Sparky  Dave ... twin hull sport fisher ...

Dave  boats are a PAIN!!!

Sparky  Dave ... not if you have $ to throw at them .... at Frankie Frank's $3 .86 per, should be all blue sky from here ...

Dave  more expensive to maintain than a Porsche

Dave  take a nickle....

Dave  used porsche GTS

Sparky  Dave ...if it goes to a nickel, I'll hold out for a quarter ...

Dave  would keep some yes

Sparky  ... at least it will be moving in the right direction ...

Dave  wait until after the elections and see then if they decide to passANY LAWS

Sparky  Dave ... they have oil, and sand ............ I hope they move quickly, before their show is over ...

Dave  gold and other minerals and lots of it

Sparky  ... what they need is water ...

Dave  much much more than UAE and Kuwait combined   tigris and Euphrates  was the agricultural Mecca in the region fer decades

Sparky  Dave ... and no idea how to extract their own resourses ...

Dave  NOPE   lost art...no skill set

Sparky  Dave ... the next generation of Iraqis are our only hope ...

Dave  no,private investment to get big oil companies there   cant generate their own hydro fer peats sakes

Sparky  Dave ... they have been there, got screwed for payments, then left ...

Dave  yep  Look at what the UAE did in 20 yrs  with less

Sparky  Dave ... that was the tease ... thought Iraq could do at least the same ...

Dave  Were better off financially with Saddam  even better with the Shah

Sparky  Dave ... the USA crossed Sadam because he was hoarding USD .... not the slant drilling in Kuwait, as most folks think ...

Dave  many reasons   PORT Dispute a biggy

Sparky  Dave ... Sadam and some other dead ME leaders wanted a gold dinar, vs petro dollar '''

Dave  border disputes.......much of Kuwait belonged ti Iraq

Sparky  ... dirt knap comes to mind ...Dave ... all of it did, it's the bottom tip of Iraq ... Britain broke it off in c1933

Dave  and Iraq was left with a tiny little port

Sparky  Dave ... Port of Faw, or port of Mubarrack ?

PeteV  Hi from Vegas NV.  Just hit the web Restored Republic via a GCR Update as of Feb 27, 2021- https://youtu.be/QPjUjmEK-TI

Sheila  PeteV Love Vegas. Hoping to have house there for late fall, winter months.

Zig  PeteV : :Welcome:

PeteV  Cool, look at houses in the Summerlyn area- nice place  Thanks Zig

Sheila  PeteV really want property with at least .70 to 1 plus acre.

PeteV  Yup, north Las Vegas than

Sparky PeteV ... casinos open ?

Sheila  PeteV sounds good, will look in that area. thanks

PeteV  yupper casinos are open n getting folks in

PM Sparky  PeteV ... I always stay on 17 ...

PM PeteV  dont knw that casino???

PM Sparky  ...jk ...

PM PeteV hehe

Sparky ... any IQD news ?

PeteV  getting cold here

Sparky PeteV ... try New England ...

PeteV hehe no thank u

Sparky  ... cold a a witches' ...

PeteV  i'll keep my 50+ cold  folks on this chat have some kind of currency to exchnage??

Sparky  PeteV ... no, just non cents ...

Sheila  PeteV would say everyone here is holding one or more currencies

PeteV cool

Sparky PeteV ... if I only had a nickel for ...

PeteV  hehe

Sparky  PeteV ... I sell monopoly money in bulk ...

Sparky  ... by the pound ...

PeteV  is that in high demand?

Sparky ... nope ...

PeteV      ****

Sparky  ...just funnin'

PeteV  all good

Sparky  ... apparently some of these folks in the room are currency speculators ...

Sparky  PeteV ... do you own IQD ?

PeteV  yes n several other currency

Sparky PeteV ... cool ...

Sheila  PeteV Latest rumtel is saying there will be 22 currencies to revalue/reset.

PeteV  that wud b great

PeteV  than i am moving to lake tahoe

Sheila  PeteV So you really like Nevada, just going to move from Vegas to Tahoe?

PeteV  the state is great cud use some change of gavenment but hey u cant have everything

Sheila  Lively conversation currently livestream - Patriot Streetfighter's Personal Meeting Room - https://www.youtube.com/watch?v=Vr_5ubR2z_k

Sparky  PeteV ... Sydney Sheldon just passed away...

PeteV wow

PeteV  in the news

Sparky  PeteV ... didn't Sydney control NV ?

PeteV  well connected

PeteV  good room - Scott McKay "Patriot Streetfighter"'s Personal Meeting Room

Sparky  ... Sheldon Adelson ... my bad ...... For ex ...... 5 $T a day traded ... money against money ... 24/7, 6 days a week ...... I wouldn't advise investing in Iranian Rial ... imo ...

PeteV  i have a small amount

Sparky PeteV ...FBI may swing by your place after you cash in ...

PeteV  hehe

Sparky  ... we just bombed inside Syria, against Iranian malitia ... yesterday .... first Biden action ...... hopefully the last ...

PeteV  amen

PeteV  it's toman--The Iranian toman (Persian: تومان‎, romanized: tūmân, pronounced [tuː.mɑːn]; from Mongolian tümen "unit of ten thousand",[1][2][a] see the unit called tumen) is a superunit of the official currency of Iran, the rial. One toman is equivalent to ten rials. Although the rial is the official currency, Iranians use the toman in everyday life.[8]

PeteV  still sung both as part as there currency in iran

PeteV sung = still

Sparky  ... eight equals five ...

PeteV in some countries

Sparky  ... jk...PeteV has a good sense of humour ...

PeteV haha  i see u do to

Sparky PeteV ...hopefully the IQD will do something positive in the near future ...

PeteV  i sure am wishing it

Sheila  A little music while we wait: The Weight by The Band - https://www.youtube.com/watch?v=FFqb1I-hiHE

PeteV thanks

sheila  Take a load off

PeteV  @sheila it all go's down nicely when u in the mood

Sheila  PeteV friends of friends are saying each day could be "the" RV day.  PeteV just sayin'

Sparky  what's the first "splurge " after it pops ?

Sheila Sparky Stem Cell Therapy

Sparky ... a vacation house on the water ...

PeteV after bills n house pay off - plan to take a blow as much as i can trip

PeteV  i hope they come out with the med-bed quick

Sheila  PeteV Definitely - MedBeds... yet until then still planning on stem cell therapy

PeteV yup stem cell is an alternative

Sheila  PeteV already got everything ready to go with Stem Cell Therapy. Just need the funds.

27 Feb 21, 11:08 PM PeteV  cool, i wish it all goes great for u

Sparky  ... I'm gettin' a big boat too ...

PeteV  well thank you folks for letting me into your parle group. i am heading to get some shut eye--sees u tomorrow

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Zig   Welcome  ...This chat room was established in Aug. 2020...The main purpose was to discuss the Dinar, Iraq, and related matters...however, any topic may be introduced for discussion...Please be civil and no "Name-Calling" please...Thanks.....MEMBERSHIP...REGISTERING: Register a username by clicking on "name" in the message box below...choose your username and then hit enter or click on the arrow at top right...pick a password, etc...POSTING: Log in the same way that you registered....Post by clicking into the message box and typing a message...then hit enter or click on the arrow at bottom right... PM: Private Messaging only between members and admins... OUR STAFF: Founder: Zig... Admins: sheila... Chief Newshound: butterfly ... :coffee:

Zig   There have been quite a few people who have registered recently but have not posted...Please do...I delete inactive memberships...There is absolutely no reason to register here if you do not intend to participate...no benefit whatsoever...no special list  to get on to receive a secret 800 number...  :Shhhh: ...lol..

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