Zig’s Place Chat and News Tuesday AM 4-20-21
.Zig’s Place Chat and News Tuesday AM 4-20-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly Tuesday 20, April 2021 10:06 MP Hisham Al-Suhail affirmed that: The results of any positive meeting between Saudi Arabia and Iran will positively affect the stability of Iraq. He told the Iraqi National News Agency ( NINA ) that: The meeting reminded us that Iraq had begun to restore its normal position among the countries of the region.
He added that: The meeting of two different large countries neighboring Iraq is the biggest proof of the success of Iraqi diplomacy in bringing the parties together. Al-Suhail expressed his wishes that these meetings would yield fruitful results that would positively affect the stability of Iraq.
butterfly Tuesday 20, April 2021 11:36 The Governor of Anbar, Ali Farhan Al-Dulaimi, announced two major projects in the current year 2021 budget, confirming the suspension of the contract for the international highway investment project, Trebil - Amman.
Zig’s Place Chat and News Tuesday AM 4-20-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly Tuesday 20, April 2021 10:06 MP Hisham Al-Suhail affirmed that: The results of any positive meeting between Saudi Arabia and Iran will positively affect the stability of Iraq. He told the Iraqi National News Agency ( NINA ) that: The meeting reminded us that Iraq had begun to restore its normal position among the countries of the region.
He added that: The meeting of two different large countries neighboring Iraq is the biggest proof of the success of Iraqi diplomacy in bringing the parties together. Al-Suhail expressed his wishes that these meetings would yield fruitful results that would positively affect the stability of Iraq.
butterfly Tuesday 20, April 2021 11:36 The Governor of Anbar, Ali Farhan Al-Dulaimi, announced two major projects in the current year 2021 budget, confirming the suspension of the contract for the international highway investment project, Trebil - Amman.
Al-Dulaimi said, in a statement to the Iraqi National News Agency ( NINA ) that "the 2021 general budget included two main projects, the first of which is the international airport project and 100 billion dinars were allocated to it, and the other is the rehabilitation project of the old gray-al-Qaim road, 60 billion dinars have been allocated to it, and we will proceed to refer them to solid companies." To implement the work, "noting that" Anbar's share of the regions' development is 60 billion dinars, and we have other important projects, including the industrial zone and free zones. "
butterfly He added that "all the allocations are modest and this budget does not meet the ambition, because we need the cooperation of the Ministry of Finance to provide funding for projects that have been stalled for more than six months, and therefore we have requested the speed of financing the stalled projects." What requires speedy coordination with the Ministries of Finance and Planning for the sustainability of work.
And on the contract for the investment project of the international highway Trebil-Amman, the governor of Anbar explained, "The project was referred to an international company that did not complete the procedures due to the failure to sign the contract with the Ministry of Construction for more than two years, and the project has stopped until now."
butterfly Mastercard, CBI to Promote Digital Payments in Iraq 20th April 2021 in Iraq Banking & Finance News Mastercard has signed a partnership agreement with the Central Bank of Iraq (CBI) to digitize the country's payment ecosystem in a bid to boost financial inclusion, encourage socio-economic development, mitigate the risks of a shadow economy and accelerate the advancement toward a cashless society.
According to a statement from the company, the partnership first aims to build an efficient, reliable, and secure payment ecosystem, starting with the education sector, and expanding into other sectors. "This will not only reduce the use of cash, promote the use of digital payments, and increase government revenues, but will also minimize sizeable operational and administrative inefficiencies in the education industry by reducing the overly manual processes", it said.
Iraq's population of 40 million people is largely cash-driven, with 99.8 percent of its $122 billion personal consumption expenditure made in cash in 20191. Despite that however, there is a large potential for digitization, as the country has a 70 percent smartphone penetration rate and 222 percent of the population fall within the young and tech savvy 15-24 years old age bracket3.
Furthermore, there is often very little choice in payment methods offered to parents and guardians with most students managing all their payments in cash. With neither parents nor students having bank accounts or using online payment services, it is critical to encourage a change in the way consumers pay school fees, since it can cause a ripple effect by impacting the entire payment ecosystem and economy.
Ms. Duha Abdul Kareem Mohammed, Director General for Payments Department at the Central Bank of Iraq, said:
butterfly "The work that Mastercard has done in Iraq over the last few years has made a notable impact on the country's financial service's sector and driven greater levels of financial inclusion. At the Central Bank of Iraq, we clearly recognize that the digital economy has a vital role to play in that journey, especially in enabling formal economic growth through a new payment ecosystem that is transparent, simple, and effective. We are very much looking forward to working with Mastercard to advance Iraq's digital transformation, beginning with the education sector."
Khalid Elgibali, Division President MENA, Mastercard, said:
"Creating a digital payment ecosystem is critical, not only because it encourages economic development, but because there is also a demonstrable, negative relationship between cash use and the shadow economy. Our work with the Central Bank of Iraq will focus on improving overall efficiencies the economy, starting with the educational institutions by giving parents, students, and merchants a much safer, simpler, and more convenient way to pay.
This is only the start however, and we look forward to expanding into other sectors at a later stage, as we work to advance the full payment ecosystem and achieve financial inclusion in Iraq."
The Mastercard partnership with CBI is a starting point that will allow for the development of a full digital ecosystem in Iraq, which will cover key pillars including the use of Public Policy and Regulation to curb the shadow economy, a wholesale modernization of the payment ecosystem, and the digitization of key value chains. Those include government collections and disbursement and peer-to-peer and consumer spending, as well as business purchases and salary payments. (Source: Mastercard)
butterfly Axens to support Basrah Refinery Upgrading Project 20th April 2021 in Iraq Oil & Gas News French-based Axens -- part of the IFP Energies Nouvelles group -- has said it is pleased to continue working with JGC Corporation on the Basrah Refinery Upgrading Project.
Earlier this month, Prime Minister Mustafa Al-Kadhimi laid the foundation stone for the $4bn-project.
In a statement, the company said:
Part of Iraq's Ministry of Oil, the state-owned South Refineries Company (SRC) executed the upgrading of its refinery located in Basrah, Iraq by implementing a new refining plant adjacent to the existing refinery facility. The Basrah Upgrading Project is now reaching the engineering, procurement and construction (EPC) phase carried out by JGC Corporation (JGC).
Axens is pleased to continue being involved in this important Iraqi project, which will increase the gasoline and diesel production along with other oil products, reducing the national refined products imports. The Basrah Upgrading Project will also improve oil refinery efficiency of the complete facility.
Different Axens' technologies were selected and will be used:
a Diesel hydrotreatment unit (Prime-DTM)
a VGO Hydrotreating unit
a VGO FCC unit
an oligomerization unit (PolynaphthaTM)
butterfly Thus, an integrated scheme around the FCC unit is implemented thanks to Axens' unique position for a complete FCC suite of technologies from pre-treatment to post-treatment. The PolynaphthaTM technology downstream the FCC unit for oligomerization of light olefins aims at maximizing gasoline production.
With this award, another reference is added to the long list of more than 300 FCC projects. Industrial successes in this domain keep the FCC Alliance as a global leader with a track record of 4 new grassroots FCC units started up in the past 4 years.
In addition, Axens will provide catalysts & adsorbents, key technology features such as proprietary equipment, trainings and technical services.
Jacques Rault, Conversion & clean fuels Business Line Director, Process Licensing at Axens, said:
"The Basrah refinery is expanding its operations by increasing its gasoline and diesel production while improving the fuels quality. This will help to solve one of the main challenges to lower national petroleum products imports revitalizing the Iraqi refining sector damaged by war and deterioration. South Refineries Company selected Axens for its wide and proven experience in refining as a partner to supply technologies but also to support throughout the whole project."
braheem Al-Salihi, FCC Project Manager, South Refineries Company, said:
butterfly "The Iraqi Ministry of Oil and the Southern Refineries Company with the support of the Japanese government represented by the JICA Organization are doing great work to complete the Basrah Refinery Development / FCC Project by adopting the latest technologies and designs provided by Axens. With the construction contract signed with the Japanese company JGC on October 1, 2020 and then activated on February 15, 2021, the project activities started according to the agreed schedule.
Among other developments, we are pleased to complete this vital and important project that supports the production of oil derivatives meeting international standards and environmental requirements adopted in this field and relieves the burden of oil products imports." (Source: Axens)
butterfly UK Removes Iraq from List of "High-Risk Third Countries" 20th April 2021 in Investment, Iraq Banking & Finance News, Iraq Industry & Trade News, Security The United Kingdom has removed Iraq from the list of high-risk third countries for the purposes of money laundering legislation.
The new listing -- "Schedule 3ZA" -- does not include Iraq. This schedule replaces the list in Commission Delegated Regulation (EU) 2016/1675 of 14th July 2016 by identifying high-risk third countries with strategic deficiencies ("the CDR").
The Central Bank of Iraq (CBI) welcomed the decision, saying:
"The fact that Iraq is not included in the list of high-risk countries is positively reflected in facilitating business and entering companies between the two countries, as well as supporting financial operations between the Iraqi banking sector and the United Kingdom." More here, here, here (Arabic) and here. (Sources: UK Govt, Central Bank of Iraq)
Butterfly 2021-04-20 05:58 Shafaq News / Basra light and heavy crude oil prices declined today, Tuesday.
Basra light oil exports to Asia dropped to $66.48 a barrel by $0.05, or 0.07%, compared to last Thursday, while Basra heavy crude oil prices recorded $ 63.95 a barrel, a rise of 0.87%.
The Saudi Arabian Light scored $66.17 a barrel, while the Emirati Murban scored $65.48 a barrel, followed by the Algerian Saharan blend at $65.49 a barrel, Nigerian Bonny Light at $65.17, and Angola's Girrasol at $65.78.
International crude prices notched up, with Brent crude closing at $67.73 and US West Texas crude at $64.14.
butterfly 2021-04-20 05:14 Shafaq News / China's Sinopec has won a contract to develop Mansuriya gas field, the oil ministry said on Tuesday.
The Field is originally granted in 2010 to Turkey’s TPAO (37.5%) and group of Oil Exploration Company (25%), Kuwait Energy (KEC) (22.5%), Kogas (15%), the contract was reported to have been cancelled in 2020.
Mansuriya field, located in Diyala Governorate near the Iranian border, 50 kilometres northeast of Baqubah city, is 20 kilometers long and 3 to 4 kilometers wide.
butterfly 2021-04-20 04:55 Shafaq News/ The Central Bank of Iraq sales of hard currency declined to $203 million today, Tuesday.
Shafaq News Agency correspondent reported that CBI sales at the Foreign Exchange Auctions registered a 2.7% decline in its sales to settle at 203,654,124 dollars, compared to 209,454,659 dollars yesterday. The weighed average rate of the dinar to the U.S. dollar amounted to 1460.
Our correspondent explained that 18 banks and 18 exchange companies cashed $18.12 million, while $185,444,124 went to boost funds abroad in the form of transfers and credits, with 31 banks meeting those requests.
butterfly 2021-04-20 02:36 Shafaq News/ Dana Gas, the Middle East’s largest regional private sector natural gas company, announces that year-to-date Pearl Petroleum has received $151 million from the sale of gas, condensate, and LPG in the Kurdistan Region. All invoices from the Kurdistan Regional Government (KRG) continue to be settled in full and in a timely manner.
Dana Gas is a 35% shareholder in Pearl Petroleum and accordingly its share of Kurdistan Region's collections year-to-date is $53 million (AED 194 million). Of Pearl Petroleum’s total collections this year, $24.6 million was received in respect of overdue receivables, of which Dana Gas’s share was $8.6 million. Pearl Petroleum’s overdue receivables from the region stand at $42 million following the most recent payment, with Dana Gas’s share at $14.8 million.
At the current oil prices, the balance of Kurdistan overdue receivable is expected to be settled during the third quarter of this year.
A significant production increase in the region occurred in the fourth quarter of 2020 after the Khor Mor by-pass debottlenecking project was completed in July. The Company has continued to deliver solid operational performance in the first three months of 2021.
Gross gas production in Kurdistan increased by 12% to an average of 439 MMscf/d in the first quarter compared to 391 MMscf/d in the same period last year. This helped contribute to a 9% increase in total Group production to 35,300 boepd in the first quarter of 2021 versus 32,400 boepd in the first three months of 2020.
butterfly Dr. Patrick Allman-Ward, CEO, Dana Gas, said: “We are very pleased with the robust performance from our assets in the Kurdistan Region in the first three months of the year, which at current oil prices will have a very positive impact on our profitability. Given the Kurdistan Regional Government’s continued commitment to pay down past receivables, we expect to receive the balance of overdue receivables from the KRI mid-year or shortly thereafter.
Our achievements in increasing our production from the Kurdistan Region over the past year and the sustained collections record give us confidence in the continuing investments we are making in our future growth plans.”
butterfly 2021-04-20 05:39 Shafaq News / Iraq’s Security Media Cell announced, on Tuesday, the seizure of IEDs and missiles from ISIS remnants in separate operations.
The Cell said in a statement "a joint force from Al-Anbar Operations Command found weapons and ammunition if ISIS remnants in the Al-Karya Al-Asriyah village, and the Al-Shehabi Al-Oula area within Al-Karma district, they composed of IEDs, RBGs, mortars and others."
Meanwhile, "a force from the West Nineveh Operations Command and another force in Kirkuk conducted two separate operations within their control areas, where mortars and a Katyusha missile were found."
All weapons and ammunition were detonated by the specialized teams.
In another context, a force from the 1st regiment in the 20th Division arrested two ISIS members tried to cross the Syrian borders towards Iraqi territory.
butterfly 2021-04-20 04:48 Shafaq News / the Iraqi Integrity Commission announced on Tuesday that the judiciary has issued an arrest warrant against the former Director-General of the Health Department in Babel Governorate, and an order of summoning against a former governor
The Commission stated that the two orders were issued against the two officials based on of Article (340) of the Penal Code for wasting public money.
It’s noteworthy that the judiciary had issued multiple arrest warrants and summoning orders against local officials including governors, general directors for wasting public money.
butterfly 2021-04-20 03:37 Shafaq News/ Today, Tuesday, April 20, 2021, the Dinar/Dollar exchange rates retracted after a surge over the past two days.
Shafaq News Agency correspondent said that Al-Kifah and al-Harithiya Central Exchanges are trading the 100 US dollar at 147800 Iraqi Dinars, compared to 148100 dinars yesterday.
Our correspondent added that today's selling and buying prices in the local markets dropped to 148,250 and 147,250 dinars per 100 dollars.
In the capital of the Kurdistan Region, Erbil, the US buying and selling prices also dropped to 148,200 and 148,000, respectively.
Observers attributed this decline to the sums the Central Bank of Iraq injected into the market via the currency auction.
butterfly 2021-04-20 06:09 Shafaq News / the Syrian Democratic Forces (SDF) arrested on Tuesday ten people on charges of corruption and exploiting public office.
SDF media center announced in a statement the detention of ten officials who work in SDF institutions in Qamishli and Hasakah on charges involving bribery, forgery and theft.
Last week, the SDF arrested also 10 other people on the same charges.
It is noteworthy that the SDF launched a campaign against corruption within its institutions in northeastern Syria.
butterfly 2021-04-20 05:32 Shafaq News/ The Parliament of the Kurdistan Region approved today, Tuesday, a draft for the law of buying and selling oil derivatives in the region.
A source told Shafaq News Agency that 97 MPs convened today in the Parliament and voted by majority to pass the bill.
The Speaker of the Parliament, Rewaz Faiq, congratulated the people of Kurdistan on this occasion, "Kurdistan Regional Government shall issue the instructions of the law as soon as possible."
butterfly 2021-04-19 12:52 Shafaq News / Kurdistan’s President, Nechirvan Barzani, on Monday, sent a message to the Secretary-General of the United Nations, Antonio Guterres and the member states of the UN Security Council.
A statement by the Region’s presidency said the Kurdish president demanded from the United Nations to give its special envoy to Iraq greater powers and a wider role in mediating between the Iraqi federal government and the Kurdistan Regional Government to address the problems, especially the implementation of Article 140 of the constitution, the oil and sharing the revenues.
Barzani expressed support to the federal government's request for the UN Security Council to observe the Iraqi elections to make sure that the upcoming will be conducted without violations.
The President also demanded that the text of the new draft resolution in the UN Security Council on Iraq to include official support for the implementation of the agreement between Baghdad and Erbil regarding the budget and negotiations on all pending problems.
In addition, Barzani asked for more humanitarian aid and greater support for the displaced in Kurdistan for improving their life conditions in the camps.
butterflyiting for my lifer Marine to arrive this weekend.
Butterfly What I like about when visiting with him...........NO DAMN POLITICS!
Doug_W YAYYYY
butterfly I remember saying something about Bush and he stopped me in my tracks....grams that is my commander-n-chief so from there on we have not talked politics.
butterfly AND then he followed up saying............we take an oath to the Constitution, not to any president.
Doug_W amen
butterfly I never grew up with military. My other brother was in the Army, and I was too young to understand any of how the military works/functions, but I learned a lot since my grandson got involved. My father could not join because he had a heart murmur.
butterfly Just like every other organization, there are bad and their are good. I found the military has more good than the bad. They are there to protect our sorry asses whether we want the protection or not.
butterfly It takes a lot for a person to volunteer and have someone tell them what they are going to do every waking hour.
Doug_W ITS NOT QUITE that BAD LOL
butterfly Well I disagree, so there........LOL
butterfly Lol
butterfly I am an independent thinker and my mother labeled me as her adventurous child.
butterfly Tuesday 20, April 2021 14:32 The Federal Public Service Council approved, today, Tuesday, the appointment of those covered by the law on the graduation of medical and health professions.
The Service Council stated in a statement received by the Iraqi National News Agency / NINA / a copy of it: “The Federal Public Service Council approved, in its tenth session, the appointment of those covered by the amended Medical and Health Professions Law No. 6 of 2000 covered by the provisions of Article (1 / Third and Fourth) of the law. The mention of the above for the year (2018-2019) .
butterfly Tuesday 20, April 2021 14:59 Parliamentary circles criticized the mistakes in the tables of the General Budget Law 2021 published in the Iraqi Official Gazette, while other circles revealed corruption indicators in adding allocations to contract with social researchers to the Ministry of Labor.
Representatives spoke to the correspondent of the Iraqi National News Agency, "The work committee asked the Parliamentary Finance Committee to add 1000 degrees to contract with social researchers for the Ministry of Labor owners after increasing the financial allocations, but this proposal was rejected during the voting session on the budget law."
The deputies added that "the budget tables that were published in the official Iraqi newspaper Al-Waqa'yat included adding the degrees of social researchers to the Ministry of Labor, noting that these grades could not be added, as they were dropped by a vote in the House of Representatives."
butterfly Tuesday 20, April 2021 09:11 The newspapers published today, Tuesday, April 20th, are concerned with preparing for the upcoming elections and implementing the budget. Al-Zawraa newspaper, issued by the Syndicate of Journalists, is concerned with the election issue and quoted the spokesperson of the Commission, Jumana Al-Ghalai, as saying that the Election Commission renews its commitment to fulfilling the tasks entrusted to it by conducting transparent elections. Fair and impartial, satisfactory and acceptable to the electorate and the international community. Confirmed: The schedule ed date for holding parliamentary elections on 10/10/2021 is an inevitable and irreversible date.
adding: The commission launched since 2/1/2021 in the first stages of the electoral process, represented by the biometric voter registry update phase, which lasted for more than (3) months, which is the longest. A period compared with previous electoral entitlements, pointing out: The Commission sought, in its work during the period of updating the voter register, to provide the opportunity to register the largest possible number of voters, and accordingly the Board of Commissioners issued a decision not to extend the update period, as the Commission is committed to the schedule of operations and timelines, which must be All its clauses are implemented until the day of the general poll.
butterfly She explained: The updating process is linked to several sequential tasks, including the process of interrupting the registered voter data and sending it to the Spanish company "Andra" in charge of printing the biometric voter card, and thus the cards will be received centrally and distributed among the governorates' electoral offices after conducting the examination process for the cards.
And she continued: As well as the process of distributing voters between polling stations and centers, to know the final numbers, on the basis of which a contract will be made to supply the logistical materials for each polling station and station.
It indicated: With the end of the period specified on 4/15/2021, the update process resulted in (1,733,030) voters updated with their data, including the displaced voters who reached (27771) voters, thus the number of registered biometrics becomes (16,311,965) voters. In addition to distributing the biometric cards among the voters, which numbered (13,755,061) cards, and the modernization process was carried out with the presence of (4,944) observers from local civil society organizations and (7,432) agents of political parties and organizations.
butterfly She indicated: The Chairman of the Board of Commissioners, Judge Jalil Adnan Khalaf, signed with the Minister of Trade, a memorandum of understanding between the two institutions at the headquarters of the Ministry of Trade, to provide support to the Commission in the field of completing the elections and educating voters by publishing the media materials prepared by the Commission, which urges Participation in the polling day, by publishing it on the official websites of the ministry and its formations,
in addition to the joint cooperation between the Commission and the Ministry of Trade in the matter of exchanging data on the deceased and forming a central committee whose task is to set up a mechanism for electronic data exchange linked between the ration card base and the updated voter register database according to the biometric registration .
She pointed out: The Electoral Commission is currently working on deleting the data of deceased voters from the voters ’registry and destroying their 97,000 cards. Based on the update of the Iraqi voter in cases of deletion of the deceased, and in coordination with the Ministries of Health and Trade, in counting the numbers of deceased voters.
And she went on to say: As for the individual candidates, their number reached (478) candidates, including (5) candidates from the Yazidi component, (8) others from the Sabian Mandaean component, (9) candidates from the Kurdish Faili component, and (7) Candidates from the Christian component, including (140) candidates from political parties, and (4) candidates from political alliances
butterfly She explained: And with the Elections Commission continuing the process of registering political parties and organizations, establishing licenses were granted to (253) political parties, and the number of registration requests for parties that are in the process of incorporation has reached about (63), while the number of requests from parties that have expressed their desire to participate has reached In the upcoming parliamentary elections (118) parties, and (11) coalitions expressed their desire to participate in the upcoming elections out of (32) approved political coalitions, and (12) coalitions are under registration.
. Al-Sabah newspaper was interested in implementing the budget and said that a meeting was held in the House of Representatives, yesterday, Monday, under the auspices of the First Deputy Speaker of Parliament, Hassan Karim Al-Kaabi, to follow up the implementation of the provisions of the state budget 2021, attended by the ministers of finance and planning, governors and a number of parliamentary committee heads and deputies, to see the most important financial problems And planning facing the provinces in implementing the projects
butterfly . Al-Kaabi said: “The goal of the meeting and what has been achieved from previous meetings is to find a direct communication channel between the provincial administrations and the federal government, and through the legislative authority, in a way that everyone may overcome many obstacles, red tape and previous problems, and shorten Time to achieve the greatest possible benefit to citizens through the completion of service and investment projects that are related to the lives of citizens.
The First Vice President warned against “confronting the provincial administrations with political interference and the multiplicity of desires and parties benefiting from obstructing projects,” stressing, “We will not allow this year to repeat the experiences of past years, and we will directly monitor the implementation of service projects approved within the current year’s budget.
In addition, some provisions in the budget published in the official gazette recently provoked mixed reactions, and in this regard, a member of the Parliamentary Legal Committee, Hussein Al-Oqabi, said: “Appealing against budget articles is an existing legal and constitutional right for any affected party who can challenge these articles before the court. Federal in the event of a violation of the constitutional law ».
In response to the hadiths about the difference between the version of the budget voted by Parliament and the version approved by the President of the Republic between the punitive: “There are errors in the budget in relation to the tables, especially since they are accurate numerical tables, and are considered effective according to the law after they are published in the Official Gazette, especially And that these tables have changed in reducing the amount of the budget, and what has been published by a major change.
butterfly He promised that “it is wrong to publish without verification and without a digital process, because this is part of the law, and there must be an original copy that was voted on in Parliament and the tables that were amended by the government according to the amendment of Parliament, and that this reduction was voted Therefore, it leads to a change in tables and numbers, as we have a 25 percent reduction in the value of public expenditures, and it must be reduced in the tables and not remain as the government sent it, and this is a serious and unacceptable mistake .
In turn, the reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, explained that “the amount of expenditures in the budget has been reduced from 164 trillion dinars to 129.9 trillion dinars, and we have given powers to the Ministry of Finance to distribute them according to the tables and according to the ratios it sees, and this is part of the government's work and not part of the work. House of Representatives or the Finance Committee ».
He pointed out that "any change can be appealed to the Federal Court," noting that "voting is not carried out in parliament on the tables, but votes are taken on the numbers that are distributed among the tables, and this is within the work of the government and the Ministry of Finance."
butterfly Al-Zaman newspaper paid attention to the criticisms of MPs and specialists for the government's approach to forcing citizens to vaccinate, and promised him a prerequisite for reviewing some institutions, including departments of the Ministry of Interior. He pointed out that (apart from the effectiveness, benefit or harm of the vaccine, it is an issue that is subject to global medical standards, and this is a matter that we leave its decision to the specialists, but what is
Deputy Uday Shaalan Abu Al-Joun called on Minister of Interior Othman Al-Ghanmi (to issue a decision to bear full responsibility legally and personally for any harm that befalls citizens after taking the Corona vaccine, especially after a decision by his ministry Requiring citizens to carry a vaccination card in the event that they refer to their departments),.
Nina in this matter is the transformation of the medical vaccine into a direction to force the citizen to take it, and link it to the daily transactions in state departments in a procedure and decision that we have not heard about in any country in the world),.
He continued, "The World Health Organization has explicitly declared that the forced imposition of the vaccine is not permissible, and therefore Iraq should not tweet outside the squadron in decisions that raise doubts and question marks behind the real intentions of them ) ./ ended
butterfly The Presidency of the House of Representatives decided to postpone the session scheduled for Tuesday to Thursday due to the absence of a quorum.
Tuesday 20, April 2021 15:12 Ted Nugent tests positive for coronavirus he called fake: 'I thought I was dying' https://www.rawstory.com/ted-nugent-19/
butterfly The right-wing rock musician revealed in a Facebook video that he is seriously ill with the potentially deadly virus he has insisted is fake or not very serious, reported Consequence of Sound.
"Everybody told me that I should not announce this," Nugent says in the video. "I have had flu symptoms for the last 10 days. I thought I was dying
Butterfly Tuesday 20, April 2021 13:02 | The Operations Manager for Network Solutions at General Electric Company in the Arab Gulf and Iraq, Muhammad Banaudi, announced the completion of 3 transfer stations in the governorates of Baghdad and Karbala.
Bennoudi said in a statement that these stations were distributed by one to each of Zayouna and journalists in the capital Baghdad and another in the north of Karbala Governorate, indicating that work continued in these stations and in cooperation with the staff of the Ministry of Electricity and local companies even in light of the Corona pandemic and the accompanying health measures represented by a ban Touring and others, as the team took the highest safety standards to preserve the health of the engineers and working cadres.
He added that these stations will contribute to distributing electricity from their producing counterparts to cities, easing bottlenecks and increasing the stability of the network, which will positively affect the increase in electricity supply hours in the areas in which they are placed.
He explained that the network team of General Electric in Iraq had previously introduced three substations, namely Salman Pak, Al-Baladiyat and Al-Amari, and work is underway to build other stations to be inserted before next summer, to be ready to distribute energy during the hot months in Iraq.
butterfly Tuesday 20, April 2021 16:18 The Ministry of Health in the Kurdistan Region announced the registration of 6 deaths and 1151 new cases of the new Corona virus during the past 24 hours.
butterfly Tuesday 20, April 2021 16:27 The President of the Kurdistan Regional Government, Masrour Barzani, affirmed his government's commitment to implementing the Federal Budget Law, and called on the federal government to fulfill its obligations towards the region, indicating that it had not sent any salaries to the region for ten months.
He expressed during a ministerial meeting his hope that the approval of the House of Representatives on the budget law would be a good start to find a radical solution to other outstanding issues on the basis of the constitution, especially the implementation of Article 140 and the normalization of conditions in the Kurdish regions outside the administration of the regional government, and said that this would have a positive impact on security Iraq and its stability.
The Prime Minister highlighted the government's reforms aimed at reorganizing and diversifying sources of income, reducing unnecessary expenditures, establishing transparency and reducing the waste of public wealth.
He also indicated that the Kurdistan Regional Government will provide all necessary facilities for foreign and local investors to develop investment in all fields.
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 Monday PM 4-19-21
.Zig’s Place Chat and News Monday PM 4-19-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly Najaf Governor, Louay Al-Yasiri, announced that the governorate’s share of the budget amounts to / 144 / billion dinars, which does not meet the ambition.
Al-Yasiri said in a televised statement: "The governorate owes 312 billion dinars and must be equitable from its imports, adding that the visitor's dollar project was not approved in the budget."
The governor stated that the priority in allocations will be for projects that have achieved high completion rates.
He continued: “Reducing the allocations for self-financing departments is a disaster that will befall the provinces.”
Zig’s Place Chat and News Monday PM 4-19-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly Najaf Governor, Louay Al-Yasiri, announced that the governorate’s share of the budget amounts to / 144 / billion dinars, which does not meet the ambition.
Al-Yasiri said in a televised statement: "The governorate owes 312 billion dinars and must be equitable from its imports, adding that the visitor's dollar project was not approved in the budget."
The governor stated that the priority in allocations will be for projects that have achieved high completion rates.
He continued: “Reducing the allocations for self-financing departments is a disaster that will befall the provinces.”
Dave ARRGG!!! Sounds like no RV soon......according to some in here......?????
Dave butterfly The Federal Commission of Integrity said that it issued a total of 58 arrest warrants and subpoenas for government officials over several cases it investigated and referred to the Judiciary.
Dave many arrest warrants served over the many yrs.......like to see 1 mug shot
Dave : Here ya go
Dave also heard the Integrity commission found at least "Frozen" 120 Billion usd last week, heard that last yr also....figured that could cover alot of the fiscal deficits
Butterfly The President of the Republic, Barham Salih, made a phone call today with the Secretary-General of the United Nations, Antonio Guterres, to discuss the situation in Iraq and the region.
A presidential statement stated that the political and security developments in the country were discussed, the need to consolidate stability and the rule of law efforts, and to emphasize the importance of easing tensions in the region and overcoming crises through dialogue, and the need to coordinate efforts and work to find joint dialogues to stabilize regional stability. Pointing out that the stability and sovereignty of Iraq is the center and meeting point for the security of the whole region and the interests of its people.
The statement added, as was done, the parliamentary elections scheduled to take place next October, where President Barham Salih stressed the need for effective and serious work and coordination between the United Nations and the Election Commission to secure international monitoring and ensure the integrity of the electoral process in a way that contributes to its success, and to ensure broad participation in it and the expression of will. Free voters, and in a way that guarantees the sovereignty and respect for the independent decision of the Iraqis. ”
For his part, Secretary-General Antonio Guterres welcomed the positive developments in the country, affirming the United Nations’s support for the efforts of the Iraqi authorities to enhance security and stability and consolidate its sovereignty, and to help Iraq face the challenges facing the country in Fighting terrorism and minimizing the effects of the Corona pandemic.
butterfly Tuesday 20, April 2021 00:04 minister said Water Resources Mehdi Rashid said: Dam Makhoul Strategic will add Khoznah capacity is estimated at 3 billion cubic meters, said in a televised statement that: what we do is to address the crisis and restore things to normal , adding that he can not Astmraramajamlat in the water file and country insupportable problems With this file.
Rashid added that: The ministry’s plans need funding to build dams and reinforce irrigation projects, in addition to the authority the ministry needs in implementing its decisions on water and bypassing quotas and agricultural lands.
butterfly Warning of its implementation .. Advisor Al-Kazemi: floating the currency leads to the collapse of the Iraqi market
2021-04-19 03:28Shafaq News / The appearance of Muhammad Salih, Advisor to the Prime Minister for Financial and Economic Affairs, confirmed on Monday that it is not permissible to float the currency in Iraq, indicating that this leads to the collapse of the market.
Saleh said in an interview with Shafaq News; It is “not permissible to float the currency in Iraq because the market will collapse in this case,” indicating that “the entry and exit of hard currency does not enter the market, which is only an exit for it, but rather the government is the one that brings this hard currency.”
Saleh added, “If the government withdraws its hand, the supply will stop and the demand increases and thus the market will collapse,” stressing that “the float takes place in economies in which supply and demand comes from the market and that the state enters to buy and sell to create a balance in the price with its reserves.”
He pointed out that “the problem in Iraq is that the market is demanding and that the state is offering, and in the event that the Central Bank does not sell the dollar, it means that all the supply has stopped and there is no other offer, and if there is another offer, it is a little offer that is not enough to meet the demand and therefore the prices will rise Because demand will be more than supply. ”
He stressed that “the state is the bidder in Iraq, and therefore if the state tends to float, then this means that there is no supply and thus prices collapse.”
butterfly Floating currency is completely liberalizing the exchange rate, so the government or the central bank does not interfere in determining it directly, but rather it is secreted automatically in the currency market through the supply and demand mechanism that allows setting the national currency exchange rate against foreign currencies.
It is noteworthy that some officials talk from time to time on the need to float and liberalize the currency to preserve the hard currency reserves at the Central Bank. shafaq.com
butterfly Dollar prices continue to rise
04/19/2021 11:30:34 The exchange rate of the dollar rose today, Monday, on the main stock exchange in Baghdad.
The central Al-Kifah and Al-Harithiya Stock Exchange in Baghdad recorded 148,100 Iraqi dinars, compared to 100 US dollars.
While the Central Kifah Stock Exchange recorded 147950 Iraqi dinars during its opening on Sunday morning.
The selling and buying prices witnessed a rise in the exchange shops in the local markets in Baghdad, where the selling price reached 148,750 Iraqi dinars, while the purchase prices reached 147,750 dinars per 100 US dollars.
alforatnews.com
butterfly Legal expert: Iraq’s exit from the lists of high-risk countries is a big victory 04/19/2021 09:14:35
Legal expert - Iraqs exit from the lists of high-risk countries is a big victoryLegal expert Tariq Harb said today, Monday, that Iraq’s exit from the lists of high-risk countries is a “great political and economic victory” for the government and the Central Bank. Harb said in a statement that Al-Furat News received a copy of, that “many years have passed on the name of Iraq in the lists of high-risk countries, with the consequences of this staircase of great political and economic implications, perhaps the first and most important of which is the impact on investment and the reluctance of non-Iraqi companies to work. In Iraq, the political and social implications. ”
He added, “The Al-Kazemi government and the Central Bank of Iraq have made great efforts, especially in the field of their cooperation, by taking the necessary measures regarding money laundering and terrorist financing. For a while, Al-Waqi’a Iraq has barely been issued and is devoid of publishing international procedures and decisions, especially those issued by the Special Committee.
And related to the UN Security Council in relation to combating money laundering and terrorist financing and other procedures related to seizing the money of those accused of money laundering and terrorist financing, even if they are not Iraqis. ”
He continued, “Also, a higher committee was established in the Central Bank with the mission of combating money laundering and terrorist financing, and these and other measures such as activating the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015, so Resolution 392 of 2021 was issued including raising the name of Iraq from among the countries with high risks,” The government thus deserved and the Central Bank deserved praise and praise for their efforts in raising the name of Iraq from the lists of high-risk countries.
Butterfly It is noteworthy that the Central Bank of Iraq announced, yesterday, Sunday, the lifting of the name of Iraq from the British classification of high risk countries. alforatnews.com
butterfly A strategic partnership between MasterCard and the Central Bank of Iraq to develop payment systems
Monday 19 April 2021 | 12:29 A strategic partnership between MasterCard and the Central Bank of Iraq to develop payment systemsMasterCard signed a partnership agreement with the Central Bank of Iraq to digitize the payment systems in the country, in a move aimed at enhancing financial inclusion, advancing social and economic development, reducing the risks of the shadow economy, and accelerating progress towards a cashless society.
The partnership aims primarily to build an efficient, reliable and secure payment system, which will start with the education sector and then expand to other sectors. Not only will this reduce the use of cash, enhance digital payments and increase government revenues, but also overcome significant operational and administrative deficiencies in the education sector by reducing the excessive use of manual processes.
It is noteworthy that the population of Iraq, of 40 million, depends on cash payments on a large scale, as these payments are used in 99.8% of personal consumption spending transactions that amounted to $ 122 billion in 2019.
butterfly However, this does not reduce the great opportunities available for digital transformation, as the country has a large smartphone penetration rate of up to 70%, and 22% of the population falls within the category of tech-savvy youth between the ages of 15 and 24. In addition, most students’ parents and guardians have limited options for payment methods, as the majority of students use cash for all their payments.
In light of the fact that parents or students do not have bank accounts, or do not use online payment services, it is very important to work to encourage a change in the way school fees are paid, which will positively affect the payments system and the economy as a whole. Commenting on the partnership, Mrs. Doha Abdel Karim Mohamed said; Director General of the Payments Department at the Central Bank of Iraq:
The work that MasterCard has done in Iraq over the past few years has left a noticeable impact on the country’s financial services sector and greatly enhanced levels of financial inclusion. We, in the Central Bank of Iraq, are fully aware of the vital role that the digital economy plays at this stage, especially enabling the formal economy to grow through a new payment system that is transparent, simple and effective.
We also look forward to working with MasterCard to advance the digital transformation process in Iraq, starting with the education sector. ”Khaled Al-Jabali, Regional President of MasterCard for the Middle East and Africa, said:“
Establishing a digital payments system is very important because it encourages economic development and contributes to Reducing the use of cash and the shadow economy as well. Our work with the Central Bank of Iraq focuses on improving the efficiency of the economy as a whole, starting with educational institutions, by giving students, families and merchants a safer, easier and more comfortable way to pay.
butterfly The partnership between MasterCard and the Central Bank of Iraq is an important shift that allows the development of an integrated digital payment system that covers the basic pillars of the economy in Iraq, including the use of public policies and systems to curb the shadow economy, the comprehensive modernization of the payments system, and the digitalization of key value chains.
These measures include government revenues and payments, consumer spending, as well as business purchases and salary payments. The partnership between MasterCard and the Central Bank of Iraq is an important shift that allows the development of an integrated digital payment system that covers the basic pillars of the economy in Iraq, including the use of public policies and systems to curb the shadow economy, the comprehensive modernization of the payments system, and the digitalization of key value chains. These measures include government revenues and payments, consumer spending, as well as business purchases and salary payments. aynaliraqnews.com
Butterfly Parliamentary Finance responds to the conflicting figures in the 2021 budget
4/19/2021 16:15 Parliamentary Finance responds to the conflicting figures in the 2021 budget[Baghdad-Where]
The Parliamentary Finance Committee responded, on Monday, to the conflicting figures between the 2021 Fiscal Budget Law, which the House of Representatives voted on, and the law published in the official Al-Waqi’a newspaper.
The committee stated, in a statement, that it “has seen some data and the inquiries from some brothers regarding the fiscal budget law for 2021.”
She added, “There is a clear text in the budget – (g) of Clause 4 of Article 2 first, which stipulated the following:” The Ministry of Finance must adhere to the ceiling of the allocations contained in the amended Table B and redistribute those allocations, in its two parts, both operational and capital, and classifying them on the basis of level doors, sections, chapters, materials, types and sequence type in the ministries of others and entities linked to the Ministry and other provinces in the attached tables. ”
butterfly She continued:” She explained, “The amount of oil revenues mentioned in the budget includes what is achieved from the sale of the occasional derivatives resulting from isolation, refining and others, in addition to what is achieved from the sale of the estimated quantities of oil at their predictive prices.”
The committee called for “an examination or question by the specialized committee to find out any questions, questions or misunderstandings in reading the texts of the budget law.” alliraqnews.com
Sheila Realize many of you do not like TNT Tony/Rayren,,, but their CC today was interesting. First 30 minutes after intro music was worth hearing, IMHO. Here's the CC Link: http://tobtr.com/s/11930812 --or-- https://www.blogtalkradio.com/rayren98/2021/04/19/tntsuperfantastic-conference-call--monday-april-19-2021.mp3
sandyf @butterfly Crap my translator won't transfer it to English. - The majority of documents posted to their sites are scanned images and cannot be translated directly. The text needs to be extracted by OCR and then translated. Tried it many times in the past without much success, usually get garbage. Maybe better OCR available now,good luck.
Butterfly sandyf everything that come from Iraq instantly is translated but not this budget. Thanks for trying. Sorry I missed your tweet.
butterfly over..............not of
butterfly Vladimir Putin will participate in the virtual climate summit scheduled for Thursday via video link
Monday 19, April 2021 23:58 The Kremlin announced Monday in a statement that Russian President Vladimir Putin will participate in a video call (Thursday and Friday) at the international climate summit proposed by his American counterpart, Joe Biden, which will represent Washington's return to combating climate change after its withdrawal from the Paris Agreement under the administration of Donald Trump.
The Kremlin said that Putin "will present Russia's approach in the context of establishing broad international cooperation to overcome the negative consequences of climate change." In the matter, Kremlin representative Ruslan Edelgiriyev held talks with US climate envoy and former Secretary of State John Kerry.
In total, 40 world leaders have been invited to this hypothetical summit. ”
Joe Biden had invited Vladimir Putin and Chinese President Xi Jinping at the end of March to participate in this summit, but the latter has not yet confirmed his participation.
It is noteworthy that Moscow and Washington announced at the beginning of March that they had resumed cooperation on climate with the arrival of the new American administration.
butterfly Pentagon: We reserve the right to respond to attacks against our forces in Iraq
Monday 19, April 2021 22:57 The Pentagon affirmed that it reserves the right to respond to the attacks against US forces in Iraq.
A spokesman for the ministry said: The recent attacks targeting US forces in Iraq have not achieved their goals.
He added: Washington is coordinating with the Baghdad government and is awaiting the results of the investigation that the Iraqi authorities will carry out.
butterfly https://www.dailykos.com/stories/2021/4/18/2026544/-Florida-Republicans-are-on-the-verge-of-passing-an-astonishing-number-of-truly-evil-laws Florida Republicans are about to pass a bunch of ghastly evil laws and no one's paying attention
Sheila Right Place Wrong Time by Dr John - https://www.youtube.com/watch?v=HT4RainY-lY
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 Monday AM 4-19-21
.Zig’s Place Chat and News Monday AM 4-19-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly Al-Rafidain Bank announced the disbursement of a new batch of employees' advances and employees of the Ministry of the Interior.
The bank’s media office said: “The advances are submitted through the branches designated for grants that have been identified in Baghdad and the provinces.”
butterfly The Minister of Labor and Social Affairs, Adel stapes, care for people with body disabilities and special needs to provide the names covered audited less accumulated the subject of the new inclusion in the light of allocations allocated to the body in the budget of 2021.
Zig’s Place Chat and News Monday AM 4-19-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly Al-Rafidain Bank announced the disbursement of a new batch of employees' advances and employees of the Ministry of the Interior.
The bank’s media office said: “The advances are submitted through the branches designated for grants that have been identified in Baghdad and the provinces.”
butterfly The Minister of Labor and Social Affairs, Adel stapes, care for people with body disabilities and special needs to provide the names covered audited less accumulated the subject of the new inclusion in the light of allocations allocated to the body in the budget of 2021.
Rikabi, while chairing a meeting of the Commission for People with Disabilities in the presence of Chairman of the Board And officials of the departments of finance and information technology in the authority, that "the allocations allocated to the body in the budget is less than what was agreed upon with the Finance Committee in Parliament and approved in the draft budget."
He stressed "the need to work according to the allocated allocation with a transfer of an amount from the Social Protection Authority to implement the obligations towards people with disabilities and to settle the accumulated issue for the years 2016, 2017 and 2018, in addition to conducting an evaluation of the directors of the authority’s departments in the governorates on the basis of competence, integrity and sincerity in work."
Al-Rikabi also instructed “to check the data of previous applicants for inclusion of those who completed the medical examination procedures and were issued with MasterCard cards, in preparation for their inclusion in the full-time appointee’s salary according to what was allocated for the authority.”
butterfly The Ministry of Finance has circulated, to all ministries and state departments, instructions for implementing the state's general budget 2021, and instructions for implementing the planning budget for public companies and self-financed bodies and departments for the year 2021 to work accordingly.
butterfly The Secretary-General of the Council of Ministers, Hamid Naeem Al-Ghazi, discussed with the Chinese Ambassador Zhang Tao the procedures for Chinese companies to start establishing (1000) schools throughout the provinces.
A statement by the General Secretariat of the Council of Ministers stated that the Iraqi National News Agency / NINA, for ), said, "Al-Ghazi confirmed during his meeting with the Chinese ambassador in Baghdad, Zhang Tao, that the Iraqi government is moving towards a true partnership with China to contribute to the Iraqi reconstruction campaign, because of its good reputation and speed." Achievement and modern technology, stressing the need for the bids submitted to be acceptable and appropriate from a technical and financial point of view, and to be delivered to the Iraqi side as soon as possible.
his part, said that the Chinese companies are showing wide interest in this vital project, and that the embassy has assigned the Commercial Attaché to communicate with the relevant authorities in the General Secretariat of the Council of Ministers, and that the implementing companies will submit their offers. And its final bids within the next week
butterfly The exchange rate of the dollar rose in the local market on Monday.
The central Al-Kifah and Al-Harithiya Stock Exchange in Baghdad recorded 148,100 thousand dinars for every 100 dollars.
The selling and buying prices increased in the exchange shops in the local markets in Baghdad, where the selling price reached 148,750 thousand dinars, and the purchase price reached 147,750 thousand dinars per 100 dollars.
butterfly The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, inaugurated the new headquarters of the Iraqi Company for Deposit Insurance.
During the inauguration, the governor said, "The company will contribute to restoring confidence in the private banks operating in Iraq, stressing that the central bank will pay attention to this company as it is one of the pillars of the banking business.
" One of the pioneering institutions that support and support banking in banking .
butterfly The Parliamentary Finance Committee announced that it will adopt the approval of the budgets of the governorates and direct contact with the governors to approve the required allocations.
butterfly Deputy Speaker of Parliament, Hassan Karim Al-Kaabi, confirmed that the projects that will be implemented in the governorates have been secured their legal cover in budget legislation and we will proceed with their implementation as soon as the provincial plans are approved by the Ministries of Planning and Finance.
butterfly Mastercard in strategic partnership with Central Bank of Iraq
BAGHDAD, Mastercard has signed a partnership agreement with the Central Bank of Iraq (CBI) to digitise the country’s payment ecosystem.
This is intended to boost financial inclusion, encourage socio-economic development, mitigate the risks of a shadow economy and accelerate the advancement toward a cashless society.
The partnership first aims to build an efficient, reliable, and secure payment ecosystem, starting with the education sector, and expanding into other sectors. This will not only reduce the use of cash, promote the use of digital payments, and increase government revenues, but will also minimise sizeable operational and administrative inefficiencies in the education industry by reducing the overly manual processes.
Iraq’s population of 40 million people is largely cash-driven, with 99.8% of its $122 billion personal consumption expenditure made in cash in 20191. Despite that however, there is a large potential for digitisation, as the country has a 70% smartphone penetration rate and 222% of the population fall within the young and tech savvy 15-24 years old age bracket.
butterfly Furthermore, there is often very little choice in payment methods offered to parents and guardians with most students managing all their payments in cash. With neither parents nor students having bank accounts or using online payment services, it is critical to encourage a change in the way consumers pay school fees, since it can cause a ripple effect by impacting the entire payment ecosystem and economy.
Duha Abdul Kareem Mohammed, Director General for Payments Department at the Central Bank of Iraq, said: "The work that Mastercard has done in Iraq over the last few years has made a notable impact on the country’s financial service’s sector and driven greater levels of financial inclusion.
At the Central Bank of Iraq, we clearly recognise that the digital economy has a vital role to play in that journey, especially in enabling formal economic growth through a new payment ecosystem that is transparent, simple, and effective. We are very much looking forward to working with Mastercard to advance Iraq’s digital transformation, beginning with the education sector.”
Khalid Elgibali, Division President Mena, Mastercard, said: “Creating a digital payment ecosystem is critical, not only because it encourages economic development, but because there is also a demonstrable, negative relationship between cash use and the shadow economy. Our work with the Central Bank of Iraq will focus on improving overall efficiencies the economy, starting with the educational institutions by giving parents, students, and merchants a much safer, simpler, and more convenient way to pay. This is only the start however, and we look forward to expanding into other sectors at a later stage, as we work to advance the full payment ecosystem and achieve financial inclusion in Iraq.”
butterfly The Mastercard partnership with CBI is a starting point that will allow for the development of a full digital ecosystem in Iraq, which will cover key pillars including the use of Public Policy and Regulation to curb the shadow economy, a wholesale modernisation of the payment ecosystem, and the digitisation of key value chains. Those include government collections and disbursement and peer-to-peer and consumer spending, as well as business purchases and salary payments.-- Tradearabia News Service
butterfly 2021-04-19 07:22 Shafaq News/ The Prime Minister's advisor for Financial and Economic Affairs, Dr. Mudhir Salih, warned of the detrimental consequences of fluctuating the exchange rate of the Iraqi dinar.
Dr. Salih said in a statement to Shafaq News Agency, "floating is applicable in the economies that the market is the generator of the supply and demand, and the state only interferes with maintaining the equilibrium."
"However, in Iraq, if the government pulls away its hand, the supply no longer exists, and the market collapses," he said.
"The dilemma in Iraq is that the market demands and the state supplies. If the Central Bank [of Iraq-CBI] withholds selling the dollars, the whole supply is halted. There will be no other source of supply. If it existed, it is not sufficient to cover the demand."
A floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which a currency's value is allowed to fluctuate in response to foreign exchange market events. A currency that uses a floating exchange rate is known as a floating currency, in contrast to a fixed currency, the value of which is instead specified in terms of material goods, another currency, or a set of currencies (the idea of the last being to reduce currency fluctuations).
butterfly So what say all of you floaters?
butterfly 2021-04-19 05:05 Shafaq News/ The Central Bank of Iraq sales of Foreign currency jumped on Monday by 6.41%.
Shafaq News Agency correspondent said that the CBI sales at the Foreign currency auction increased by 6.41% to reach $209,454,659 at a cut-off price of 1460 dinars, compared to 196,842,000 dollars on Sunday.
Our correspondent explained that 16 banks, 20 banking companies, 226 brokering companies cashed $22.18 million, while $187,274,659 went to boost funds abroad in the form of transfers and credits, with 31 banks meeting those requests.
butterfly 2021-04-19 07:54 Shafaq News/ The Federal Supreme Court tabled the hearings of dissolving the provincial councils' appeals; a source told Shafaq News Agency.
The source said that the Federal Supreme Court postponed the hearings to May 4, after it was scheduled for today, Monday.
Many MPs demanded reconsidering the decree stipulating the dissolution of the provincial councils. MP Mazen el-Fayli said in a statement to Shafaq News Agency on Saturday that the decision was taken under popular pressure and resulted in a "financial mess".
Butterfly 2021-04-19 06:39
Shafaq News/ The Federal Commission of Integrity said that it issued a total of 58 arrest warrants and subpoenas for government officials over several cases it investigated and referred to the Judiciary.
The Commission highlighted in a press release today, Monday, the issuance of right arrest warrants and 50 subpoenas in March, indicating that the bench orders addressed to MPs (incumbent and former), a former Minister, and a former Deputy Minister.
The list also included two governors (incumbent and former), 25 Director-Generals (incumbent and former), two Deputy Commissioners, and 22 Provincial Council members.
According to the Commission, Fourteen addressees are out on bail, seven are fugitives, one was released under investigation, one was referred to the Judiciary, and one was included in the amnesty order.
The Commission, in February, said it issued 82 subpoenas and arrest warrants against Ministers (or equivalent) and 624 against Director-Generals and superior grades.
Butterfly 2021-04-19 11:40 Shafaq News/ Oil prices were little changed on Monday, supported by a weaker U.S. dollar but pressured by concerns about the impact on demand from rising coronavirus cases in India and other countries.
Brent crude was down 4 cents, at $66.73 a barrel by 11:06 AM ET (1506 GMT), after rising 6% last week. West Texas Intermediate (WTI) U.S. oil was up 3 cents at $63.16 a barrel, having gained 6.4% last week.
The U.S. dollar traded at a six-week low versus major peers on Monday, with Treasury yields hovering near their weakest in five weeks. [nL1N2MC0ZL]
With oil priced in dollars, a softer greenback could spur demand from holders of other currencies.
"If today's broad-based weakness in the US dollar is sustained, the energy complex should be able to maintain the bulk of last week’s gains," said Jim Ritterbusch, president of Ritterbusch and Associates.
"The primary hazard to continued oil price strength is the possible pre-emergence of Covid-19 case counts on a broad scale"
India reported a record rise in infections, which lifted overall cases to just over 15 million, making the country the second-worst affected after the United States, which has reported more than 31 million infections.
Deaths from COVID-19 in India also rose by a record 1,619 to nearly 180,000. The capital region of Delhi ordered a six-day lockdown, joining around 13 other states across India that have decided to impose restrictions, curfews or lockdowns in their cities.
"This new wave of measures, while so far likely to be less stringent than what we saw in March 2020, when gasoline and gasoil/diesel demand in the country fell by close to 60%, is nevertheless set to weigh on transportation fuel consumption," consultancy JBC said.
butterfly Hong Kong will suspend flights from India, Pakistan and the Philippines from April 20 due to imported coronavirus infections, authorities said on Sunday.
Lending some support, Saudi Arabia's crude oil exports fell in February to their lowest in eight months, the Joint Organisations Data Initiative (JODI) said on Monday, as the world's biggest oil exporter voluntarily capped output to support oil prices.
JP Morgan now expects Brent prices to break the $70 mark by May, compared with September in its previous forecast, the bank said in a recent note. It still expects them to finish the year at a similar level of about $74.
butterfly The Ministry of Finance and Economy of the Kurdistan Regional Government, in a letter it sent to the Ministry of Finance of the Federal Government, expressed its agreement to implement all financial obligations for the region within the framework of the Iraqi general budget for 2021.
The Ministry of Finance in the Kurdistan Regional Government indicated, during a statement to it, that the government had started the practical steps. about this subject.
The Kurdistan region’s share of the general fiscal budget in Iraq for the year 2021 has been determined at 11 trillion and 482 billion and 394 million dinars.
The Kurdistan region’s share of the budget includes 8 trillion and 161 billion dinars in operating expenses, 3 trillion and 271 billion dinars for investment, and 923 billion and 434 million dinars as governing expenditures.
butterfly The governor of Basra, Asaad Al-Eidani, confirmed that the state’s general budgets have not been fair to the province of Basra during the successive years, indicating that Basra will be the best in the cities of the region if the appropriate allocations are available in the budget.
Al-Eidani said, in a statement to the Iraqi National News Agency / NINA /, that none of the governorates has yet been funded from the allocations of the General Budget Law 2021, because the budget was published in the Iraqi facts yesterday, and we are now waiting for instructions, "indicating the need to issue clear instructions from The Ministries of Planning and Finance to move the budget.
He added that "the allocations of Basra governorate in the general budget are below the level of ambition, but approving the budget is an important step to complete projects that have reached advanced stages of implementation," noting that "the budget included the financing of continuing projects and the inclusion of other projects according to the need of the province, as well as granted to the provinces the authority to increase Weakness of the budgets allocated for the inclusion of new projects according to urgent need.
Regarding Basra's preparations to host the Arab Gulf Cup, Al-Eidani stressed that Basra is technically and serviceally ready to organize the Gulf Cup, indicating that the Gulf technical delegation expressed its satisfaction with the local preparations and preparations, and currently we are waiting after 9 days.
NORV butterfly That means nothing regarding floating...Saleh is just stating that they cannot float while maintaining the currency auctions. We all knew this...the auctions will end when they float.
NORV :Float: :Float: :Float:
Zig NORV : LOL....I knew that anything/anyone/article mentioning a "FLOAT" would bring you running in here to comment @Kap Like a moth drawn to a flame
NORV Zig I came running because I knew people would not understand what Saleh was saying..thinking they cannot float. Floats are how monetary policy works. They will float..they will just have to end the currency auctions first which is part of the process. Iraq is only one a few if that that still use currency auctions. Central banks that are in IMF Article VIII engage with the world banking sytem and float, they also manage their currency by buying/selling blocks of currency. Iraq will also do this when ready.
Frank Any news about the 800 # ? Hello everyone I’m new here I hear the link was send already but I can find it anywhere?
Zig Frank : :Welcome: Curious about whom you are listening to about 800 numbers....
Frank Dinar recaps
Zig Frank : How long have you been in this?
Frank Oh ok thank you
Frank So what is this chat for ?
Doug_W to discuss many things and Dinar news
butterfly Frank that is a good question. You participate or you don't have to participate. Articles are posted to see what is going on in Iraq.
Doug_W most o us have been in this OVER ten years
Zig Frank : You may discuss anything that you wish here....we have members who disagree with what I and NORV and butterfly and Doug_W just wrote....
Zig Frank : Don't be afraid to be in the minority in here....And go against the grain
Zig We do have members who believe in an RV Frank just be yourself in here....
NORV Frank If you bought dinar looking for overnight riches, sell it now and move on. There is no RV. Not how monetary policy works. If the dinar is every going to appreciate in value it will as a result of Iraq building a successful economy. That takes time.
Zig NORV : Thanks for that explanation....just hope I will live to see a profit with this....LOL
NORV need edit tools :Angry:
butterfly Frank IF or WHEN there is a monetary value to you............it will be international news.
Zig NORV : Take proofreading lessons from Doug_W
EYEGUY Im ready whenever
NORV Zig my brain gets ahead of my hands!
EYEGUY Hope Im still alive to enjoy it
Zig I know exactly how you feel Frank and you are not alone...far from it...thousands like you...I was one...you get in this and listen to those people who tell you a bunch of BS....then you happen to wander into a room like this and don't like what you are reading....So you leave and go back to where you were and tell people about this room, and they laugh saying that "oh those people are just negative and don't know what they are talking about".....etc....Been there done that....
Zig Again...this room is not only for ONE view, ONE opinion, etc...it can accommodate all views....we do have people who think the Dinar will RV soon....a few who think it will eventually float....one who thinks the whole thing is a scam....not mentioning @Sam by name....LOL....oh wait I forgot that @wdave1 is also back....lol....so nobody is kicked out for any opinion, following Gurus, etc....but if you are looking for a room where everyone agrees about everything you have found the wrong place....
Zig Can you imagine how active/busy this room would be if we ALL believed the Gurus and mainly discussed the 800 numbers, when the RV would be released, etc....it would be unbelievable....that is what the vast majority are looking for and that is how it has always been....that is why forums like Frank26 are so full of people....and why his videos get over 10,000 views...
Zig I doubt if Frank will ever return...Not Frank26....lol....the guy who was here earlier....
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 Sunday PM 4-18-21
.Zig’s Place Chat and News Sunday PM 4-18-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly The Minister of Labor and Social Affairs, Adel stapes, care for people with body disabilities and special needs to provide the names covered audited less accumulated the subject of the new inclusion in the light of allocations allocated to the body in the budget of 2021.
Rikabi, while chairing a meeting of the Commission for People with Disabilities in the presence of Chairman of the Board And officials of the departments of finance and information technology in the authority, that "the allocations allocated to the body in the budget is less than what was agreed upon with the Finance Committee in Parliament and approved in the draft budget."
Zig’s Place Chat and News Sunday PM 4-18-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly The Minister of Labor and Social Affairs, Adel stapes, care for people with body disabilities and special needs to provide the names covered audited less accumulated the subject of the new inclusion in the light of allocations allocated to the body in the budget of 2021.
Rikabi, while chairing a meeting of the Commission for People with Disabilities in the presence of Chairman of the Board And officials of the departments of finance and information technology in the authority, that "the allocations allocated to the body in the budget is less than what was agreed upon with the Finance Committee in Parliament and approved in the draft budget."
He stressed "the need to work according to the allocated allocation with a transfer of an amount from the Social Protection Authority to implement the obligations towards people with disabilities and to settle the accumulated issue for the years 2016, 2017 and 2018, in addition to conducting an evaluation of the directors of the authority’s departments in the governorates on the basis of competence, integrity and sincerity in work."
Al-Rikabi also instructed “to check the data of previous applicants for inclusion of those who completed the medical examination procedures and were issued with MasterCard cards, in preparation for their inclusion in the full-time appointee’s salary according to what was allocated from the authority's allocations.”
butterfly The Presidency of the House of Representatives will meet tomorrow, Monday, to discuss the implementation of the financial budget for the current year 2021, in the presence of the Ministers of Planning and Finance.
The Media Department of the House of Representatives stated, in a statement, that “Under the auspices of the First Deputy Speaker of Parliament, Hassan al-Kaabi, and in the presence of the Ministers of Planning and Finance and the advanced cadre in the two ministries, the House of Representatives, in cooperation and coordination with the Regions and Governorates Committee, holds a joint periodic meeting with the governors to discuss the implementation of the budget and most importantly. The financial and planning problems facing the provinces.
The statement added, "The meeting will be held tomorrow, Monday, at eleven in the morning, in the Constitutional Hall in the House of Representatives."
butterfly Member of the Parliamentary Security and Defense Committee, Badr Al-Ziyadi, affirmed the necessity of holding a meeting that includes political forces, armed factions and resistance forces, under the auspices of Prime Minister Mustafa Al-Kazemi, to achieve security stability and stop the repeated bombardments by missiles and drones.
Al-Ziyadi said in a televised statement: "Iraq is now experiencing a war of missiles and drones, and the security situation must be controlled. Otherwise, things will worsen."
He added, "The bombing stabs the back of the government, the security forces and the Iraqi negotiator in the strategic dialogue with the United States," noting: "The United States, if this situation continues, may stop the strategic dialogue until the security situation in Iraq stabilizes. "
butterfly Al-Waqae ‘newspaper publishes the general budget for 2021
04-18-2021 12:20 PM Al-Waqae newspaper publishes the general budget for 2021On Sunday, the official newspaper Al-Waqi’a published the fiscal budget law for 2021. By publishing the law in the official newspaper, the fiscal budget law is considered effective and the law will come into effect starting today. dijlah.tv
butterfly The National Approach issues a statement regarding the inconsistency of budget schedules with what is published in the facts Economie- 04-18-2021 02:49 PM
Today, Sunday, the National Approach bloc issued a statement in which it dealt with points indicating the mismatch of the balance tables between the voter and the publication in the Al-Waqi’a newspaper, as follows: -
In the first article, the written text, the estimates of budget revenues are mentioned in the amount of approximately (101) trillion, and are indicated in the same article with the phrase (as indicated in Table A-) attached to this law .. But the total revenues mentioned in Table A attached
Recorded at an amount of (93) trillion dinars only, and this discrepancy between what is mentioned in Article 1 in writing of revenue estimates and what is mentioned in Table (A) Appendix requires a correction according to what Parliament voted in this article .
Article (2) First -1 - The written text states that operating expenditures amount to approximately (90.5) ninety trillion five hundred billion dinars, distributed according to the field (1,2,3) of Table (B). When you review Table (B), you find that The sum of this amount is only in field (1) under the title Total Operating, while field (2) refers to another amount (9) trillion, approximately, in the title of indebtedness, and field (3) in the table indicates the amount of (Special Programs approximately (1,2) trillion .
butterfly Two tables attached to the texts of the written budget law have been published, one of them that matches the texts written in the budget law with total expenditures (129.9) trillion dinars, and there is another appendix table showing the details of what is mentioned in the leaked budget, which estimated the spending at that time at an amount of (164) trillion dinars, and the table is supposed to be published Its numbers correspond to the texts of the written budget voted on by Parliament, and the proposed tables are deleted from the government that were expressing texts and articles amended by Parliament and canceled some of them .
The existence of tables within the published law is understood to be part of that law. The maintenance of the tables that express the numbers of the leaked budget with total expenditures of (164) trillion dinars despite their amendment and the vote of Parliament to reduce their amounts to a total of (129.9) trillion dinars will make it stronger The other tables.
Therefore, we call for the re-publication and correction of the budget law with the attached tables that have been amended by Parliament and not the ones proposed by the government in the leaked budget .
The presence of the phrase (Cabinet Amendment Scenario) at the top of the page in which the table is published in the amount of (164) trillion does not eliminate the problem, because publishing it in the Al-Waqaeq newspaper is understood from it that it has won the legislative decision and approval !
We call on the Presidency of Parliament to investigate and explain the reasons for this error in the inconsistency between some of the facts published and the one voted by Parliament .
butterfly Al-Rasheed launches a new predecessor Economie- 04-18-2021 03:49 PM
The Rasheed Bank announced, on Sunday, the launch of the first meal from the predecessors of retirees, as well as the fifth meal for the predecessors of the employees of the ministries of defense and interior, and
called the media office of the bank in a statement received by "Tigris", "all beneficiaries who send text messages to the bank branches or electronic payment offices to receive the amount."
He added, "Work continues to raise the amounts in the balances of those registered on the advances through the bank's application."
Sheila and the hits keep on coming
Sheila PeteV great day... planted 100 jalapeno seeds. hope at least half take seed.
Sheila PeteV become seedlings... lol
sandyf @butterfly sandyf well ** I guess lol - It is what the RV experts never tell you. The share capital in Kuwait companies never altered, the value remained the same. The currency was put back at the same value as it had before.
butterfly sandyf I still hold out.......when it goes international then I will believe. Until then, it is the same old same old we have heard for over a decade.
sandyf The latest issue of the legal gazette which included the budget was issued 12th April and posted to the website today 19th April. Not that it will change anything.
butterfly I do feel that Iraq is taking small steps to get their act together and hopefully get it right this time.
butterfly I can't find it printed anywhere.
butterfly They are welcoming/asking other countries to come in....of course with their moola.
sandyf @ butterfly sandyf I still hold out.. - As do I but not on anything that Iraq will do, if there is to be anything I believe it will come from a different direction.
sandyf Budget is issue No 4625 https://www.moj.gov.iq/view.5555/
butterfly The word has always been..........it is up to the CBI
butterfly OMG thanks Sandy, I knew I could count on you. Unfortunately I am not at home to print it off
butterfly Crap my translator won't transfer it to English.
sandyf The CBI has no control over the monetary unit, that is the government responsibility, not that it matters. As said I think any return will come from changes outside Iraq. Busy time of day for me, keep up the good work. Bye.
butterfly Bye and be safe Sandy
Sheila sandyf every action is one big step closer
butterfly sheila I am encouraged by all the countries that want to invest in Iraq. I will admit, I have not seen that in all the years I was posted articles. I believe the biggest rock in the road is Iran.
butterfly posting.....not posted
butterfly I hope someone comes up with the English version of the Budget
Sheila butterfly my focus is on the Swiss. The Swiss do not go anywhere for business unless their companies and money are safe and secure.
butterfly sheila What I've been told, the Swiss are in big trouble because they were taken out of the "transfer of money" big time for...............I will leave that blank, their clients
Sheila butterfly I lack foundation for what you posted. Would like to understand.
butterfly sheila I don't know how clearer I can be.........they no longer do the transfering of money.
butterfly Monday 19, April 2021 01:18 Najaf / Nina / The Minister of Al-Sadr in Social Media, Salih Muhammad Al-Iraqi, expressed the anger of the leader of the Sadrist movement, Muqtada Al-Sadr, about the conflict between his followers over the nomination for the upcoming elections.
Al-Iraqi said in a statement: “A people who were united by the love of the homeland ... but by the love of God, His Messenger and the people of his house..and the love of the Sadr family, so my regret ... that some of them enter grief in the heart of his leader and do not pay any importance to the interests of the country, so they struggle for (nomination) Some fall out of each other ..
He added: “Whoever does that wants his own interest, not the interest of his religion, creed, creed and country. Nomination is not an endorsement and it is not defamation or defamation at all.”
butterfly Monday 19, April 2021 00:39 A security source announced that an Iraqi army barracks had been shelled by mortar shells in Hit in Anbar Governorate.
The source said: “A mortar shelling targeted an Iraqi army barracks in the“ Salijiya ”area, west of the Heet district, without knowing the extent of the damage yet .
butterfly The US security authorities announced, on Sunday, that at least 3 people were killed in Austin, Texas, in the second such incident to shake the country during the day.
Austin Police reported that they are dealing with an ongoing shooting incident at a crossroads northwest of the city, calling on people to move away from the scene, while the attacker is considered still at large.
The local ambulance service stated that 3 victims of the shooting had been identified and were killed directly at the site of the accident.
Earlier in the day, the US security services reported the killing of 3 people in a shooting incident in the city of Kenosha in the state of Wisconsin.
The shooting in Kenosha and Austin became a new episode in a wide range of firearms attacks that the United States is witnessing at an accelerating pace, especially 6 weeks ago, killing dozens of people in the country. Sunday 18, April 2021 21:58
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 Saturday Late PM 4-17-21
.Zig’s Place Chat and News Saturday Late PM 4-17-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly Al-Rafidain raises the interest of saving accounts for depositors their money
04/17/2021 10:10:32 {Baghdad: Al Furat News} Today, Saturday, the Rafidain Bank announced that the interest rate for citizens’ savings accounts will be raised to 4.5 percent.
The bank’s media office said in a statement that Al Furat News received a copy of, that “based on the bank’s policy aimed at maximizing revenues in order to attract cash and encourage customers to save their money instead of hoarding it at home, the bank decided to increase the interest rate on savings accounts to 4.5 percent”.
Zig’s Place Chat and News Saturday Late PM 4-17-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly Al-Rafidain raises the interest of saving accounts for depositors their money
04/17/2021 10:10:32 {Baghdad: Al Furat News} Today, Saturday, the Rafidain Bank announced that the interest rate for citizens’ savings accounts will be raised to 4.5 percent.
The bank’s media office said in a statement that Al Furat News received a copy of, that “based on the bank’s policy aimed at maximizing revenues in order to attract cash and encourage customers to save their money instead of hoarding it at home, the bank decided to increase the interest rate on savings accounts to 4.5 percent”.
The statement added that “the bank decided to increase the interest rate on deposits for a period of six months to become 4.5 percent, and to increase the interest rate on fixed deposits for a year to be 5.5 percent, in addition to increasing the interest rate on deposits for a period of two years to become 6.5 percent.”
The statement indicated that “the bank decided to pay interest for fixed deposits to be granted in advance, provided that the citizen undertakes not to break it and withdraw it. Otherwise, the interest granted will be deducted from the principal amount of the deposit, and this will be the basis for the comparison between the deposit and the savings account and the customer.” alforatnews.com
butterfly Parliamentary Finance: We have no choice but to question and dismiss the Minister of Finance
2021-04-17 A member of the Parliamentary Finance Committee, Muhammad Al-Shabaki, confirmed, on Saturday, that the Minister of Finance Ali Allawi’s continuation of this approach may prompt us to interrogate him as he failed to manage the financial policy.
Al-Shabaki said in a press statement, “The Minister of Finance’s letter is a recommendation to the Council of Ministers to make tax deductions retroactively as of 1/1/2020.”
He added that “Article 34, which the Minister of Finance praised, has nothing to do with deducting the salaries of employees,” noting that “the Minister of Finance continues this approach, so we have no choice but to question him and remove him from his post.”
“There is political and popular discontent, against the backdrop of Finance Minister Ali Allawi’s insistence on imposing tax deductions on employees,” Al-Shibaki pointed out.
Representative of the Parliamentary Change Bloc, Ghaleb Muhammad, had called in a previous statement for the Council of Ministers to change the name of the Federal Ministry of Finance to the Ministry of Loans and Taxes, accusing Minister of Finance Ali Allawi of suppressing the poor and exhausted employees. burathanews.com
butterfly Deputy: The Minister of Finance’s decision is a collective punishment of the people
4/17/2021 15:31 [Baghdad-Where] Representative Bahar Mahmoud, on Saturday, expressed her surprise at the Finance Minister’s proposal to impose taxes on the salaries of employees under the pretext of maximizing their resources, indicating that the salaries of employees were originally reduced with the increase of the dollar price.
Said Mahmoud in a statement, it can not be the Ministry of Finance to maximize revenue at the expense of the employee ‘s salary or retired simple, which should not affect being the only source of income, so we reject the policy of collective punishment adopted by the Ministry of Finance through the imposition of taxes on employees ‘ salaries. ”
She added: the general budget law voted by the parliament did not address the prejudice to the salaries of staff canceled paragraph deductions, indicating that the staff and the salaries of retirees have reduced already with the lifting of the dollar by 20 percent.
She went to the Ministry of Finance search for points of entries and other to maximize their revenues away from repeat Targeting employee salaries. alliraqnews.com
butterfly 17th April 2021 in Politics EU to support UN electoral assistance in Iraq UN signs financing agreement with the European Union to support UN electoral assistance to Iraq
The United Nations in Iraq welcomes the contribution of EUR 5.51 million from the European Union to a UN-led project to support capacity-building within the Independent High Electoral Commission (IHEC).
The EU funding will also support deployment of UN electoral advisers as IHEC prepares for the October 2021 national elections.
"High voter turnout will be key in ensuring a parliament and government that are representative of all Iraqis," said EU Ambassador Martin Huth (pictured). "By supporting the organisation of the elections, the EU hopes to build the confidence among the Iraqi people in their elections and help IHEC establish a free, fair and inclusive electoral process that is deserving of their trust."
The European Union's contribution to the UN assistance project comes in addition to funding from Germany, the Netherlands and France, bringing total contributions from the EU and its member states to USD 18.6 million.
On behalf of the United Nations Assistance Mission for Iraq (UNAMI), the United Nations Development Programme (UNDP) signed an agreement with the EU on 8 April to manage the financing and administration of the project. The United Nations thanks the European Union for its contribution, which strengthens Iraq's ability to hold free, fair and transparent elections in Iraq. (Source: UN)
butterfly 18th April 2021 in Healthcare Australia provides $1.6m for Women in Iraq he Australian Government Department of Foreign Affairs and Trade (DFAT) renewed its commitment to reproductive health and rights of women and girls, and prevention and response to gender-based violence in humanitarian settings. The project will support the work carried out by UNFPA with a AUD 2 million [USD 1.6 million] contribution.
Women and girls, including individuals with disabilities and survivors of gender-based violence; and men and boys, as allies of the prevention and response to gender-based issues, will benefit from awareness and integrated gender-based violence and sexual and reproductive health services.
Ms Paula Ganly (pictured), the Australian Ambassador to Iraq, said:
"Australia is pleased to continue our important partnership with UNFPA Iraq ... Providing assistance for reproductive health needs and rights of women and girls and protection from gender-based violence is essential to ensuring their full and equal participation in society."
Acknowledging the new funding, Dr Rita Columbia, UNFPA Representative to Iraq, said:
"I extend our sincere gratitude to the longstanding partnership with DFAT. This generous contribution will help women and girls to have easier access to quality gender-based violence and sexual and reproductive health services, especially to women and girls with disabilities.
"Today, due to the uncertainty environment caused by the COVID-19 pandemic, it is more important than ever to work hand-in-hand to help the most vulnerable people stay healthy and live in a violence-free environment."
Australia is a strong advocate for women and girls' protection and reproductive rights. Since 2014, Australia has contributed AUD 18.2 million to UNFPA programming in Iraq, helping refugees, internally displaced people, people with disabilities, host communities and returnees. (Source: UN)
sandyf @butterfly Al-Taif Islamic Bank (BTIB) invited its shareholders for the public subscription on 50 bn shares starting Apr. 13, 2021 to increase its capital from IQD153 bn to IQD203 bn through 32.7% rights issue. The subscription will be at least for 30 days and not exceed 60 days, while the first 15 days will be for shareholders. - Another reason why revaluations of any more than a fraction of a percent never happen.
butterfly 18th April 2021 in Healthcare, Politics As Lebanon is sinking deeper into an unprecedented financial and political crisis, many medical doctors are increasingly packing their bags and leaving for the Gulf or Europe, and more recently for Iraq.
Click here to read the full article. https://www.al-monitor.com/originals/2021/04/more-lebanese-doctors-leave-iraq
butterfly sandyf well ** I guess lol
butterfly I noticed they are still discussing the budget. Not happy with some of it.
butterfly Saturday 17, April 2021 23:30 Former Prime Minister Haider al-Abadi affirmed that: The prime minister had left the Dawa Party without planning.
And he said in a televised interview that: The Dawa Party alone bore the burden of the difficult stage.
He added that some preachers used the position for their personal interests.
He made it clear that the party leader is not necessarily fit to lead the state.
butterfly Saturday 17, April 2021 23:54 Former Prime Minister Haider Al-Abadi said that the government of Adel Abdul Mahdi killed the demonstrators in cold blood.
He added in a televised interview that the martyrs of Tishreen were carrying flags only.
He noted that Abdul-Mahdi's government had entered the country in a dark tunnel.
He continued: Abdul Mahdi was supposed to speak with the masses directly.
butterfly Central Bank says No Further Devaluation of Iraqi Dinar 13th April 2021 in Iraq Banking & Finance News The Deputy Governor of the Central Bank of Iraq (CBI) has reassured the markets that there will be no further devaluation of the Iraqi dinar.
Ammar Mohammed said: "It was important to change the exchange rate before approving the budget in order to know the income and budget in dinars ... to serve the interests of the Iraqi economy ... it will also enhance the competitiveness of domestic products and reduce imports ...
"The decision ... is final, and there will be no further change in this rate."
He added that the Central Bank has sufficient foreign reserves to sustain the new exchange rate.
(Source: Govt of Iraq)
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 Late PM 4-16-21
.Zig’s Place Chat and News Friday Late PM 4-16-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly BINGO......................Al-Kazemi: We will challenge some provisions of the budget, and there are those who are betting on entering a civil war
04/15/2021 18:01:44 Al-Kazemi - We will challenge some provisions of the budget and there are those who are betting on entering a civil warThe Prime Minister, Mustafa Al-Kazemi, announced that the government intends to challenge some paragraphs of the Federal Budget Law for 2021.
During his meeting with a group of tribal sheikhs and notables from Muthanna Governorate, Al-Kazemi said in the host of Sheikh Jaffat Al-Shaalan, “We are honored today to meet our people in Muthanna, and here in this well-known divan in the history of Iraq, we recall the contribution of Sheikh Shaalan Abu Al-Jun in establishing the Iraqi state and supporting the reference.”
Zig’s Place Chat and News Friday Late PM 4-16-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly BINGO......................Al-Kazemi: We will challenge some provisions of the budget, and there are those who are betting on entering a civil war
04/15/2021 18:01:44 Al-Kazemi - We will challenge some provisions of the budget and there are those who are betting on entering a civil warThe Prime Minister, Mustafa Al-Kazemi, announced that the government intends to challenge some paragraphs of the Federal Budget Law for 2021.
During his meeting with a group of tribal sheikhs and notables from Muthanna Governorate, Al-Kazemi said in the host of Sheikh Jaffat Al-Shaalan, “We are honored today to meet our people in Muthanna, and here in this well-known divan in the history of Iraq, we recall the contribution of Sheikh Shaalan Abu Al-Jun in establishing the Iraqi state and supporting the reference.”
He added, “History repeated itself here, when our clans came out in response to the Marjaiya’s call of His Eminence Al-Sistani, may God protect him, and thwarted the terrorist plot of ISIS gangs.”
And Al-Kazemi said, “Since my assignment, I have confirmed that I will only be a servant of the people. I mentioned Al-Rumaitha in my first conversation because it is dear to the heart, and I see her people as my family.”
And continued ” He stressed, “We have taken difficult measures for reform, and in order to protect the country financially and economically,” adding, “We will file an appeal with some provisions of the budget with the Federal Court, because there are clauses that will affect the electricity sector, the health sector and others.”
butterfly He explained, “Our problems first need correct management and an honesty approach in order to solve them, and we have embarked on a campaign of relations with neighboring countries in order to bring investments to serve our country and its people. I will personally follow up the conditions of the Muthanna Governorate, as well as any demands of its people.”
Al-Kazemi stressed, “We must not underestimate the citizens’ blood, and their lives, blood, and property are precious to us.” alforatnews.com
Doug_W butterfly ty
butterfly Doug_W did you see where there will be a "challange" to the budget?
Doug_W yes
Butterfly EYEGUY you did not see what I posted about the budget?
Butterfly the government intends to challenge some paragraphs of the Federal Budget Law for 2021.
EYEGUY let me look
EYEGUY the challenging
butterfly yuppers
EYEGUY I`d say that was to be expected Malicki I presume .......where is the lone RTanger when we need him Hi HO Silver
butterfly also about taxing the citizens..........some say no, some say yes..........more discourse.
EYEGUY sounds like America
butterfly LOL Bingo
EYEGUY I`d say its :Blabla: :Blabla: :Blabla:
EYEGUY I`m so happy
butterfly delay delay delay
Dave Got a Federal Court now to render decisions?
EYEGUY I`m keeping an eye on this Dinar Saga but not putting my life on hold
Butterfly Here is some more on taxing the people: .................................. Deputy Speaker of Parliament, Bashir Khalil Al-Haddad, criticized the Minister of Finance's proposal to the Council of Ministers and the recommendation to implement income tax for employees and cancel Cabinet Decision No. (156) on 7/6/2016 and return to direct tax deductions from employee salaries in accordance with Financial Instructions No. (1) For the year 2007.
He indicated in a statement that the Ministry of Finance’s proposal is an explicit legal violation of the articles and texts of the 2021 Federal Budget Law, which the Iraqi Parliament voted on 3/31/2021.
Al-Haddad added, "The Ministry of Finance should search for maximizing state resources instead of tax deductions for employees and retirees, who are an important segment and working groups, and their monthly income should not be affected."
He stressed the importance of searching for solutions and solutions to economic problems and the effects of the exchange rate and the resulting rise in prices, which added a new burden on the shoulders of the Iraqi citizen, including the employee segment.
Dave ......Dang Taxes.....
Dave Al-Kazemi stressed, “We must not underestimate the citizens’ blood, and their lives, blood, and property are precious to us.”
Dave was he not appointed to satisfy Demonstrators demands?
Dave #1 being corruption?
Dave just hope those Judges were not set up by Maliki et-al
butterfly If they go by the law, it does not matter, just like McConnell put a lot of judges in and they have gone against everything that the trump people thought they had the protection.
Dave SCOTUS revealed INTERGRITY.......
Dave ?
Dave ..doubt Maliki going down without a fight
Dave ...Just wonder how long for the federal Court to render a decisions on the Govts list of appeals???
Dave taken this long just to have a legit Federal Court.......LOL
Butterfly The State of Law bloc confirmed once again that the government's economic and financial policies are useless, but harmful to the Iraqi citizen, the last of which is the Finance Ministry’s request to impose deductions on employees ’salaries in an unacceptable circumvention of what is in the budget law 2021.
The block said in a statement received by the Iraqi National Agency For the news / Nina / a copy of it: "At a time when it is the responsibility of any government to facilitate the lives of people and run it smoothly, we find that the Ministry of Finance is working to complicate and make the lives of citizens difficult and put difficulties before them."
he added: "The performance of the Ministry of Finance and its Minister is not convincing, logical, unresponsive and not sensitive to the needs and suffering of citizens, and what is the effect of surprise and wonder at its request from the General Secretariat of the Council of Ministers to apply the tax on employees based on an article in the 2021 budget that included the abolition of tax and customs exemptions on goods and goods Exempted by a decision of the Council of Ministers !!
butterfly He continued: "This insistence on harming citizens and employees by the Ministry of Finance and the manner in which it deals with vital issues related to public affairs and the issuance of statements in which it prejudges any reaction or vote to confront its decisions as bids is also unacceptable and does not respect the will of the legislator nor the aspiration of citizens in life. Decent in light of economic conditions, the severity of government measures has increased .
butterfly The President of the Republic, Dr. Barham Salih, made a phone call with the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, King of the Kingdom of Saudi Arabia, during which they exchanged congratulations on the advent of the blessed month of Ramadan, calling on the Almighty to repeat this occasion to the two peoples and the two brother countries with goodness Security, stability and progress.
A presidential statement received by the Iraqi National News Agency / NINA / a copy of it stated: “During the phone call, bilateral relations between the two countries were discussed and strengthened in various fields in a way that serves the interests of the two peoples, and to support the establishment of security and peace in the region, and cooperation in the face of various challenges. Referring to the successful visit of Prime Minister Mustafa Al-Kazemi to the Kingdom, and its importance in strengthening the bonds of joint relations between the two brotherly countries .
Butterfly The President of the Republic, Barham Salih, said in a televised interview tonight that Sulaymaniyah is the city of political movement and the capital of Kurdish culture.
Dave butterfly butterfly Aint that part of the disputed territory?
butterfly 2021-04-16 10:33 Shafaq News / The Iraqi Ministry of Communications announced that it will cooperate with French companies to develop the telecommunications sector in the country.
According to a statement by the Ministry, this came during a meeting with the Iraqi Minister of Communications, Arkan Shihab Ahmed Al-Shibani, and the head of the economic department at the French embassy.
The statement said that the two sides discussed, "developing the communication field, forming a joint group with French telecommunications companies, and establishing development projects with major specialized companies."
Al-Shibani emphasized the necessity of cooperation with the major and advanced international companies in modern technology, Internet, and communications, calling for holding a meeting with the companies affiliated to the Ministry of Communications to study all procedures and complete the plans with the Ministries of Planning and Finance.
For his part, the head of the economic department at the French embassy expressed his country's readiness to assist Iraq in the fields mentioned above.
"We will work to enhance this cooperation, and I invite the specialized French companies to invest in Iraq, especially in the field of communications", he said.
butterfly Iraq confiscates $1.6 million from Daesh in Mosul
Money, gold were hidden in plastic barrels, buried at depth of 3 meters underground
Ali Jawad |16.04.2021 BAGHDAD An Iraqi court on Friday confiscated $1.6 million and gold bars from Daesh.
According to the Nineveh Court, “$1.6 million, gold and silver coins and gold bars were found in the Old City of Mosul while carrying out works to remove the rubble of the destroyed houses."
"The funds and the mentioned materials were hidden in plastic barrels and buried at a depth of 3 meters underground [...] Daesh was using the sums to finance its terrorist operations,” the court said.
In June 2014, the Daesh/ISIS terrorist group captured Mosul, Salahuddin and Anbar provinces and parts of Diyala and Kirkuk which were recaptured by Iraqi forces in late 2017 with support from a US-led coalition.
The Iraqi army continues to carry out frequent operations against Daesh/ISIS in these parts of the country where the terror group recently mobilized its sleeper cells in rural areas.
Butterfly The National Interest magazine draws parallels between Ilham Aliyev and Saddam Hussein https://armenpress.am/eng/news/1049341.html 21:40, 16 April, 2021
YEREVAN, APRIL 16, ARMENPRESS. The National Interest magazine has published an article about Azerbaijani president Olham Aliyev and the ''park-museum'' opened in Baku at his initiative. ARMENPRESS reports the author of the article Michael Rubin compared Ilahm Aliyev with former Iraqi President Saddam Hussein and the ''park-museum'' of Baku with Baghdad's “Victory Arch,” known to locals as the Swords of Qadisiyah.
''Aliyev, who never served in the military even as his peers fought in the first Nagorno-Karabakh War, strolls around in military fatigues showing off captured Armenian equipment and wax models of Armenian soldiers before addressing assembled troops.
The centerpiece of the “Park of Trophies” is an arch made from the helmets of killed and captured Armenian soldiers. That Azerbaijan continues to hold illegally 260 prisoners of war (POWs) and kidnapped civilians, some of whom it might have killed in captivity, underscores the tastelessness of the display'', reads the article.
butterfly Commissioned in 1985 and opened four years later, Swords of Qadisiyah, which stands taller than the Arc de Triomphe in Paris, consisted of forearms molded from Saddam Hussein’s own and fists holding crossed swords made from steel derived from the melted weaponry of fallen Iraqi soldiers.
Five thousand Iranian helmets taken off the battlefield completed the monument. Hussein’s speech initiating its construction was little different from Aliyev’s: “Brave Iraqis have recorded the most legendary exploits in defense of their land and holy beliefs,” Hussein declared on April 22, 1985.
“We have chosen that Iraqis will pass under their fluttering flag protected by their swords which have cut through the necks of the aggressors.” Aliyev, for his part, declared at the park's inaguration on Monday, “Everyone who visits the park of military trophies will see the strength of our army, will see our willpower, and how hard it was to achieve victory.”
Dave Civil Rights Bridge in Selma Is Named After Reputed KKK Leader...sounds similar?
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 4-16-21
.Zig’s Place Chat and News Friday AM 4-16-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly NINA / The / Sadikoun / Parliamentary Bloc confirmed its rejection of Finance Minister Ali Allawi’s proposal to impose taxes on employees ’salaries.
The representative of the bloc, Abdul Amir Taiban Al-Dabi, called on the House of Representatives to dismiss Minister Allawi for violating the Federal Budget Law 2021.
The Ministry of Finance had proposed to the Council of Ministers to apply the tax deduction from the total salary, provided that the tax due on the total monthly salary be deducted, "the nominal salary, allocations, incentives, monthly and annual profits, bonuses, delegations and other forms of all income" with effect from the month of April, and that the amount of tax realized is to be paid in installments. For the months "January, February and March" of the year 2021 and will be completed during the same year.
Zig’s Place Chat and News Friday AM 4-16-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly NINA / The / Sadikoun / Parliamentary Bloc confirmed its rejection of Finance Minister Ali Allawi’s proposal to impose taxes on employees ’salaries.
The representative of the bloc, Abdul Amir Taiban Al-Dabi, called on the House of Representatives to dismiss Minister Allawi for violating the Federal Budget Law 2021.
The Ministry of Finance had proposed to the Council of Ministers to apply the tax deduction from the total salary, provided that the tax due on the total monthly salary be deducted, "the nominal salary, allocations, incentives, monthly and annual profits, bonuses, delegations and other forms of all income" with effect from the month of April, and that the amount of tax realized is to be paid in installments. For the months "January, February and March" of the year 2021 and will be completed during the same year.
butterfly NINA / The Parliamentary Committee of Agriculture, Water and Marshlands Affairs called on the Council of Ministers to dismiss the Minister of Finance, Ali Allawi, while continuing his proposals that cause harm to the citizens' livelihood and financial condition.
The head of the committee, MP Salam Al-Shammari, confirmed that he rejected the Finance Minister’s proposal to impose taxes on the salaries of employees, indicating that "the living conditions of citizens in general and employees in particular do not bear new crises in light of some seeking to continuously harm the people's livelihood."
In a press statement, Al-Shammari called on the Council of Ministers to reject this proposal and not allow it to be presented in the next cabinet session, indicating that "the majority of citizens are still suffering the repercussions of the decision to reduce the value of the dinar against the dollar."
butterfly NINA / The Parliamentary Labor and Displaced Affairs Committee criticized the Minister of Finance Ali Allawi's insistence on continuing with the issue of deduction from the salaries of employees in the way of his illogical reforms, indicating that the Minister of Finance has become a burden on the Iraqi people and the Iraqi state and the time has come to put an end to his erroneous policy At the nearest session of the House of Representatives.
The head of the committee, Deputy Raad Al-Dahlaki, said in a press statement, "The issue of taxes on employees’ salaries has been permanently dropped, given that the employee’s salary is a red line that cannot be discussed, and deducting it exposes the employee to a double reduction within a period not exceeding four months.
" Returning that "the recommendation made by the Minister of Finance in the issue of deduction from the salaries of employees is a recommendation returned to its owner, and if he wants to deduct it, he will forfeit his salary and leave the simple citizen's sustenance away from his illogical adventures."
Al-Dahlaki added, "In any case, the prime minister wanted to complete his government for the remaining period of its life in a balanced manner and in a way that provides the appropriate ground for conducting the elections. He is demanding the exemption of the finance minister who was, is and will remain an element of weakening the government and causing no more crises,"
indicating that "the Ministry of Finance and its minister are discussing Regarding the inaccuracies in justifying these decisions, they refer to Article 34c of the budget in the deduction step, although it deals with the sale and purchase taxes and customs, noting that the article concerned with deductions for salaries was Article 20 of the Budget Law and was dropped by voting inside the parliament .
butterfly ( NINA ) - A government source denied the existence of any government decision or direction to impose additional taxes on the salaries of employees and retirees.
The source added in a press statement today that the Iraqi National News Agency / NINA / received a copy of it: “Prime Minister Mustafa Al-Kazemi had indicated on more than one occasion the need to pay attention to the income of the poor classes and to spare them the effects of fluctuations and economic crises.”
butterfly The Parliamentary Finance Committee issued a clarification regarding the tax on the employee's salary.
The head of the committee, Deputy Haitham al-Jubouri, said in a statement received by the Iraqi National News Agency / NINA / a copy of it: “We have reviewed the statement of the Ministry of Finance with its emphasis on Article 34 C of the Budget Law to reinstate Law 113 of 1982 regarding the tax on the employee's total salary.”
Al-Jubouri explained to the Ministry of Finance: “The use of this article is imprecise and does not give the right to what the ministry went to in its published book, since the intention of the legislator in this article is to cancel customs and tax exemptions related to the import of goods and commodities issued by decisions of the Council of Ministers, and it has nothing to do with it. Income tax related to the employee's income or salary. ”
butterfly The Ministry of Finance proposed to the Council of Ministers to apply the tax deduction from the total salary, provided that the tax due on the total monthly salary be deducted "nominal salary, allocations, incentives, monthly and annual profits, bonuses, delegations and other forms of all income" as of April, and that an amount be paid in installments. The tax realized for the months "January, February and March" of the year 2021 will be collected during the same year.
butterfly Global oil prices continued to rise on Friday, and were on their way to achieving weekly gains of about 7% with improved expectations for oil demand and a strong economic recovery in China and the United States, offsetting concerns about the rise in cases of Covid-19 virus.
Brent crude futures rose 30 cents, or 0.5 percent, to $ 67.24 a barrel at 0551 GMT, and West Texas Intermediate (WTI) futures rose 28 cents, or 0.4%, up to $ 63.74 a barrel, after rising 31 cents on the day. Yesterday, Thursday.
China's net imports of crude oil for 2021 are expected to grow by 3.4% this year compared to 2020 to about 11.2 million barrels per day, according to a unit of China National Petroleum Corporation, the largest oil and gas company.
16 Apr 21, 10:12 AM butterfly 16th April 2021 in Investment, Iraq Industry & Trade News
Alsaree3, Iraq's Popular Food Delivery App, and Al Zajel, E-logistics Company, Close Second Round of Investment
Alsaree3 Group, consisting of Alsaree3 (food-delivery) and Al Zajel Express (last-mile delivery services), closed a 7-figure bridge round in late March 2021.
Coordinated by Iraq Tech Ventures and Innovest ME, the round included prominent Iraqi investors such as Euphrates Advisors, Shwan Ibrahim Taha, Chairman of Rabee Securities, Rawaz Rauf of Hiwa Rauf Group, Bassam Falah, CEO of Innovest ME, and Mohammed Khudairi and Subhi Khudairi of Khudairi Group.
Founder and CEO of Alsaree3 Group, Bassam Al-Ateia, commented:
"With this funding, we look forward to growing our fleet of drivers, improving our technology, and adding even more restaurant partners to maintain Alsaree3's dominant position in the food delivery space in Baghdad. We will continue to grow Al Zajel's client base, which serves B2B, B2C, and C2C markets in Baghdad."
The group is also expanding both Alsaree3 and Al Zajel to Basra, where the food delivery and e-logistics markets are underserved.
Geoffrey Batt, Founder and Managing Member of Euphrates Advisors, said:
"Alsaree3 is part of a vibrant group of start-ups that seek to transform commerce in Iraq, using technology to problem-solve and offer Iraqis goods and services that will greatly improve their quality of life.
"Bassam and his talented team will play a vital role in developing e-commerce in Iraq by making the last step in the fulfillment process as efficient as possible. We are delighted to play a role in Bassam and Alsaree3's efforts to modernize Iraq's supply chain."
butterfly Bassam Falah, CEO of Innovest ME says:
"Alsaree3 has all the requirements for success: a well-grounded founder with business acumen, a solid founding team, a superior platform, a strong ground operation, and to close the circle, a consortium of strategic investors with a long-term view.
"This capital raise round was a key milestone for Alsaree3, and we look forward to continue to work closely with Alsaree3 management and the co-investors to be part of its exciting journey."
Shwan Ibrahim Taha, Chairman of Rabee Securities in Iraq, added:
"Alsaree3 is the type of company we should all be proud of in Iraq. Companies like Alsaree3 are the workhorses that will drive the Iraqi economy."
Alsaree3 launched in 2018 in Baghdad and quickly experienced success by focusing on expanding its fleet of in-house drivers and steady geographical expansion within Baghdad. It prioritizes the experience for customers and restaurant partners, leading to an extensive selection of restaurants for its customers (500+ restaurants) across Baghdad. Using its own POS technology and hardware, Alsaree3 Group ensures it meets the Iraq-specific needs of both its customers and partners.
In early 2020, Alsaree3 Group launched Al Zajel, which provides e-logistics services in Baghdad. It serves a wide variety of public and private sector clients in Iraq, as well as individuals through the Al Zajel mobile app.
(Source: Iraq Tech Ventures)
butterfly 16th April 2021 in Investment
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th April 2021).
Please click here to view a table of listed companies and their associated ticker codes.
According to ISX's official letter, during the month Ramadan, official working hours will be from 8:00 am till 2:00 pm. Trading sessions will be as follows for the five days of the week: 9:30 - 10:00 pre-opening, 10:00 - 12:00 trading hours, 12:00 - 12:30 cross transactions. Working hours will resume to normal timing after Eid break.
The RSISX index ended the week at IQD938 (-3.2%) / $817 (-4.5%) (weekly change) (+29.3% and +23.2% YTD change, respectively). The number of week traded shares was 6.6 bn and the weekly trading volume was IQD5.7 bn ($3.9 mn).
butterfly ISX Company Announcements
On Wednesday, CBI decided to increase the amount of cash sales in foreign currency. According to a document issued by the bank and directed to banks, exchange companies and brokerage companies, for the purposes of meeting demands for foreign currency and for the purpose of achieving monetary policy objectives and ensuring the stability of the exchange rate, the CBI decided to increase the amount of cash sales from foreign currency, to the above entities and fully meet them as shown follows: banks' share is $200,000 per week, share of a Class A exchange company is $1,500,000 per week, share of the Class B exchange company is $500,000 per week and the share of the Class C exchange company is $50,000 per week. (Alsumaria)
According to the announcement by the CBI, the CBI was keen to take into account the current exceptional circumstances related to the financial and economic aspect and the repercussions of the Corona pandemic, so it has been decided to "reduce all the interests imposed on loans granted within CBI's IQD1.0 trln initiative as follows:
1) Reducing the interest paid to CBI for large projects from 2% to 1%,
2) Reducing the interest paid to banks on housing loans from 4% to 2% ,
3) Amending the CBI's commission for housing loans from 0.7% to 0.5%, and 4) All interests for banks and guarantor companies are to be "decreased."
Baghdad Soft Drinks (IBSD) disclosed on Apr. 14, that the ownership percentage of Al Bawadi Al Khadraa Company, owner of Al-Zaki Group, has changed in IBSD from 2.48% (4,394,464,573 shares) to 15.37% (31,396,464,573 shares).
butterfly Al-Taif Islamic Bank (BTIB) invited its shareholders for the public subscription on 50 bn shares starting Apr. 13, 2021 to increase its capital from IQD153 bn to IQD203 bn through 32.7% rights issue. The subscription will be at least for 30 days and not exceed 60 days, while the first 15 days will be for shareholders.
New shares of Al Mustashar Islamic Bank for Investment & Finance (BMUI) from the capital increase from IQD150 bn to IQD200 bn through 33.3% rights issue resumed trading on Apr. 12, 2021.
butterfly 16th April 2021 in Security The Central Emergency Response Fund (CERF) contributed US$ 1.6 million to UNFPA for two years to provide integrated sexual reproductive health (SRH) and gender-based violence (GBV) interventions in Iraq.
The funding will strengthen the capacity of national actors, in particular women empowerment organisations, in their response to gender-based violence following a survivor-centred approach and will ensure that women and girls have access to quality mental health and psychosocial support services, supported with livelihood opportunities.
The CERF grant will allow a scale-up of the mobile teams and deployment of community mobilisers to deliver integrated GBV and SRH services for internally displaced persons and returnees among the host community.
Dr. Rita Columbia, UNFPA Representative, thanked CERF for their support. "We are extremely grateful to CERF for supporting our programmes that put women and girls' needs first,' she said. "Women and girls are more determined than ever to have a dignified life, free of violence despite the humanitarian crisis in Iraq exacerbated by the COVID-19 pandemic. The funding will allow us to continue to reach the most vulnerable."
The new contribution will bring Iraq one step closer to achieving transformative results for 2030: ending gender-based violence and harmful practices, ending unmet need for family planning, and ending preventable maternal death, thus ensuring women and girls are protected and empowered to make informed choices and reach their full potential.
This funding is part of CERF's first-ever allocation of $25 million specifically to support GBV programming in 11 countries globally. (Source: UNFPA)
butterfly 16th April 2021 in Politics, Security
By Samir Sumaida'ie, former Iraqi Ambassador to the United Nations and the United States, for The Wilson Center. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.
The Hijacking of Democracy: The Role of Political Parties in Iraq
In the eighteen years since the fall of Saddam's regime, more than 250 political parties were registered. But those who hold power now are far fewer. About a dozen parties and "alliances" remain; some of which are buttressed by armed militias.
A power triangle has formed, comprised of the parties (or political blocks), the militias, and the state.
Of this trio, the state is the weakest. It has the trappings of a normal government but has extremely limited independent political will.
butterfly 2021-04-16 07:57 Shafaq News/ The Iraqi Ministry of Finance (MoF) issued a clarification on the official documents appended by the signature of Minister, Ali Abdul Amir Allawi, which went viral on social media.
In a press release, the Ministry said today that the documents signed by Minister Allawi regarding tax cuts came in accordance with the provisions of Article 34, paragraph (c) of the Budget Law.
According to the statement, the proposed tax cuts do not include the lower classes, and the Council of Ministers has the power to annul it.
butterfly 2021-04-16 09:09 Shafaq News / Ahmed Mulla Talal, a former spokesman for Prime Minister, Mustafa Al-Kadhimi, said that he did not receive any salary for his previous work.
Talal tweeted, "I have not received a single dinar from the state for the past five months," adding, "I asked the prime minister's office for 500,000 dinars, and I gave them to a needy citizen in Basra."
He added, "I bought my office from my own money and it still is in the government palace," calling on the Integrity Commission, the Bureau of Financial Supervision, the council of Representatives, the media, the UN Security Council, "to prove him wrong".
On November 26, 2020, the Iraqi Prime Minister's spokesman, Mustafa Al-Kadhimi, announced his resignation from his post, about four months after taking office.
Alberta Not alotta poop today huh folks
Sheila Alberta calm before the storm
Butterfly A government source denied the existence of any government decision or direction to impose additional taxes on the salaries of employees and retirees.
The source added in a press statement today that the Iraqi National News Agency / NINA / received a copy of it: “Prime Minister Mustafa Al-Kazemi had indicated on more than one occasion the need to pay attention to the income of the poor classes and to spare them the effects of fluctuations and economic crises.”
butterfly Deputy Speaker of Parliament, Hassan Al-Kaabi confirmed that Article 34 of the Budget Law has nothing to do with deducting the salaries of employees in any way ... and the Finance Book is a misleading inference and a deduction for the legislative text.
butterfly Kuwait condemned the terrorist attack on Erbil airport and the terrorist act that targeted a market in eastern Baghdad.
The Foreign Ministry expressed Kuwait on Friday to condemn and denounce the State of Kuwait extreme terrorist attack that Erbil International Airport targeted in the Kurdistan region and the terrorist act that targeted a market in eastern Baghdad in the Republic of Iraq and led to the killing and wounding a number of people.
Confirmed the Kuwaiti Foreign in a statement According to the Kuwait News Agency, the State of Kuwait stands by the brotherly Iraq and supports it in all the measures it takes to preserve its security and stability. "
I expressed my sincere condolences and sincere sympathy to the families of the victims, and wished the injured a speedy recovery .
butterfly Deputy Speaker of Parliament, Hassan Karim Al-Kaabi, confirmed that Article 34 of the 2021 budget and all its paragraphs did not stipulate or mention any deductions or taxes on employees, in any way, and has no relation whatsoever to the employee's income tax, warning of any An illegal interpretation or directive contravenes the will of the Iraqi legislator.
Al-Kaabi said in a statement received the Iraqi National News Agency / NINA/ A copy of it, today: “At a time when we were hoping that the Ministry of Finance would strive to overcome the negatives indicating the draft budget that it had prepared and which assigned the House of Representatives great time and effort to develop alternative texts that are consistent with the aspirations of citizens and their living conditions and contribute to raising the burden on On their shoulders,
we are surprised by the book issued by the Ministry of Finance to the Cabinet Secretariat to impose an income tax deduction on employees ’salaries, noting that the ministry’s inference to justify what was stated in its book in Article 34, paragraph C is a misleading inference and a deduction for the legislative text from its context, and diverting it from its intended purpose.
Especially since the aforementioned text came within the context of Article 34, which talks about exempting companies from paying royal fees for raw materials or imported components that contribute to creating "added value."And the commitment of the state departments to purchase their needs of local products and to cancel all exemptions and tax exemptions granted by a decision of the Council of Ministers in this regard,
butterfly He added, therefore, that the articles of this article complement each other, and it is not permissible to interrupt the text of any clause in isolation from those clauses, as required by the rules and principles of sound legal interpretation, because this article constitutes a single membership unit.
He stressed that the text of the paragraph has absolutely nothing to do with deduction of salaries or employee allowances under any name or any form, pointing out that for more than a year, the segment of employees has been subjected to a threat to cut salaries or reduce them or impose fees and taxes on them under the pretext of reducing spending or maximizing Revenues, and the Ministry must be well aware that the employee’s instability, the confiscation of his right and the continuation of fighting him will lead to a major defect in government performance and the instability of the employee in his tasks, duties and productivity, and this will negatively affect the efficiency of all state institutions in general.
The Vice President of the Council called on the Ministry of Finance to withdraw its book and recommendation and not resort to deducting or reducing the salaries of employees at all, especially after raising the price of the dollar, which reduced the value of their salaries, which coincided with the high prices of commodities, as well as the rise in oil prices, which calls for not resorting to the idea of deducting salaries or allocations. , Stressing that the House of Representatives and in the event that the Ministry proceeds with this inaccurate, illegal and ill-considered procedure, it will take all the necessary legal measures against anyone who tries to compromise the salaries of employees and tamper with their and their families.
butterfly The Secretary-General of the National Movement of My Country, the representative of the Basra Governorate, Zahra Al-Bajari, confirmed that "the policy of starving the Iraqi people is proceeding with rapid steps, and that the Al-Kazemi government is deliberately fighting the livelihoods of citizens and violating the law." The public opinion has their actions and their policy.
Al-Bajari indicated, "according to a statement," that the book published by the Minister of Finance titled Tax Withholding provides for a legal violation of the Constitution as the Iraqi Constitution stipulates that there is no tax, fee, or exemption except by law and not instructions, decisions, or controls.
The Council of Ministers does not have the reduction, but rather the salary increase in the case of inflation by increasing it only to cope with the increase in the general level of prices, according to Article 3 of the Law on Salaries of State Employees No. 22 of 2008. The 2021 budget stipulated not to deduct from the employee, and it was voted on.
Al-Bajari noted that "the government’s policy and those who support it from the political blocs are to fight the citizen by raising the price of the dollar and the inflation resulting from the high price of the dollar." With him. / It's over
butterfly Dollar exchange rates in the local market for today 2021/04/16 USD-Iraqi dinarBaghdad / Al-Mawred News
Al-Mawred News publishes the exchange rates of the US dollar against the Iraqi dinar on Friday (April 16, 2021).
Selling price: 147.900 dinars Purchase price: 147,800 dinars
The selling price of the dollar in the Iraqi market recorded, on Thursday (April 15, 2021), 148,250 dinars for every $ 100, while the purchase price recorded 147,250 dinars for every $ 100. almawrid.news
butterfly A deputy calls on the government to evaluate the pros and cons of the decision to raise the exchange rate
2021-04-16 | 03:56 A deputy calls on the government to evaluate the pros and cons of the decision to raise the exchange rateAlsumaria News / Baghdad, a member of the Parliamentary Economic and Investment Committee, Nada Shaker Jawdat, called on the government to conduct a comprehensive study and evaluation of the negative and positive aspects of the decision to raise the exchange rate of the dollar against the dinar, while indicating a set of measures that must be taken in the event of insisting on keeping the exchange rate as it is now.
Jawdat said in an interview with Alsumaria News, “With regard to the issue of raising the exchange rate of the dollar against the dinar, it was done through an agreement between the government and political blocs, which was confirmed by the governor of the Central Bank during his hosting of the Parliamentary Economic Committee,”
indicating that “the government decision was his Justifications to prevent the collapse of hard currency reserves on the grounds that the currency auction has become the largest outlet for corruption in Iraq The government wanted to address them in addition to the recommendations of the International Monetary Fund. ”
She added, “Approximately 95% of the goods in the local markets are imported goods. Therefore, the rise in the price of the dollar has led to an increase in the prices of these goods, and the citizen has paid the price for corruption and mismanagement, and he is the one who is punished because of those policies.” “The government’s insistence on its decision to raise the price and not to retreat from it, for it is required to take effective measures on the ground to protect consumers, especially the middle and poor classes, who have been greatly affected by the high prices in the markets.”
butterfly She pointed out that “among the measures that must be taken is to activate economic security at all levels, especially through the Ministry of Interior, in order to try as much as possible to hold greedy merchants accountable, because from the security of punishment, security has worsened and our economic security is almost non-existent, in addition to the government continuing to create cooperative markets.”
It provides the products that the citizen needs at subsidized prices, which contributes to protecting the citizen from the greed of merchants, and at the same time creates a kind of competition in the market that necessarily leads to lowering the prices of products in the market. It will also give messages of reassurance to the citizen that he will not leave an opportunity for the greedy merchants.
She continued, “Putting Iraq He did not need to raise the exchange rate and it was possible to take measures to control the currency auction and not to impose other measures with which the citizen fights. Iraq He can take many measures to reform the economic situation without going to the option of reducing the value of the national currency.
As for countries that have taken measures similar to what the Iraqi government has gone through, such as Turkey These countries have a different status Iraq It has local produce however Iraq All he has is little agriculture, but industry is non-existent.
Therefore, those decisions are more harmful than beneficial, calling on the government to “conduct a comprehensive evaluation of the pros and cons of its decision to raise the exchange rate in order to settle the decision in an integrated study to keep the current price or return it to its previous one because the retreat from those decisions.”
“The step will restore confidence in society, but it seems that the government is unable to take such measures because of the pressure exerted on it by some blocs.” alsumaria.tv
butterfly Will the dollar exchange rise to 1600 dinars? Governmental response and important clarification
Posted, 04/16/2021 22:31:14 Will the dollar exchange rise to 1600 dinars Governmental response and important clarificationThe government responded to the news of the intention to raise the exchange rate of the dollar to 1600 dinars to one US dollar in the local market.
Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, said in a press statement that “the current fluctuation in the exchange rate of the dollar, which ranges between 145 to 147 thousand dinars for one hundred dollar bill, is a normal matter} and is not a difference with the price announced by the Central Bank.” .
And, “a rate of 2% of the change and foreign commission differentials are applicable in the global dollar market,” adding that “the bank seeks to impose its pricing to be approved in order to stabilize the exchange of the dollar market.”
Saleh added, “The bank has no intention of changing the established exchange rate, especially as it is working to buy the dinar and sell the dollar to make the market stable. According to him.
He considered,” The arrival of the exchange rate of 147 thousand dinars per $ 100 note is normal, and within the specified range in the price difference. What is between what the bank sells and what is sold in the market. ”
The advisor to the prime minister continued, “The talk about crossing the dollar from 1500 dinars to 1600 dinars or even more than this number falls within the rumors and price speculation, which are untrue.” .
butterfly The exchange rate of the dollar had jumped in the local market in the past two days in the local markets to more than 1490 dinars against the dollar, which led to a rise in the prices of various foodstuffs and others, and while citizens and owners of banking offices criticized this rise, they called on the government to remedy the matter.
The Central Bank of Iraq had settled in a previous statement the controversy over the exchange rate of the dinar against the dollar, and a demand to reduce it, declaring that “there is no return to the previous price, and the price will not be reduced under any circumstances,” stressing that there is no intention to raise the official rate announced by the bank from 1450. Dinars per dollar. alforatnews.com
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 Thursday AM 4-15-21
.Zig’s Place Chat and News Thursday AM 4-15-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly The Vice President of the Kurdistan Regional Government, Qubad Talabani, confirmed that the agreement that took place between the regional government and the political parties and its confirmation in the federal budget for the year came with the efforts and imagination of all parties and the Kurdish blocs.
According to the Patriotic Union of Kurdistan website, Talabani visited Ali Babir, head of the Kurdistan Justice Group in the city of Sulaymaniyah. During the meeting, the two sides discussed the current political situation and the file of agreement between the Kurdistan Regional Government and the political parties on the federal budget law for 2021.
Zig’s Place Chat and News Thursday AM 4-15-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly The Vice President of the Kurdistan Regional Government, Qubad Talabani, confirmed that the agreement that took place between the regional government and the political parties and its confirmation in the federal budget for the year came with the efforts and imagination of all parties and the Kurdish blocs.
According to the Patriotic Union of Kurdistan website, Talabani visited Ali Babir, head of the Kurdistan Justice Group in the city of Sulaymaniyah. During the meeting, the two sides discussed the current political situation and the file of agreement between the Kurdistan Regional Government and the political parties on the federal budget law for 2021.
During the meeting, Babir praised the role, patience and efforts of the delegation The negotiator for the Kurdistan Regional Government in order to consolidate the financial rights and entitlements of the citizens in the Kurdistan region.
For his part, Qubad Talabani, Vice President of the Kurdistan Regional Government, confirmed that the agreement that took place between the regional government and the political parties and its confirmation in the federal budget for the year 2021 came with the efforts and imagination of all parties and the Kurdish blocs.
Butterfly Oil Minister Ihsan Abdul-Jabbar Ismail discussed with the delegation of the Russian Lukoil oil company the prospects for current and future investments in the field of clean energy and the promotion of gas investments.
The minister affirmed the ministry’s keenness to develop the oil industry and optimal investment for gas through implementing investment projects in cooperation with international companies.
For his part, the delegation expressed his country's desire to increase joint cooperation with Iraq to develop the oil sector and energy sector.
The delegation included the first deputy head of LUKOIL for extraction affairs outside Russia "Denis Rogachev", the general manager of "Lukoil Mid East Ltd." "Yegor Zubarev", and the director of the branch of LUKOIL "Overseas Iraq" for exploration, Edward Chiloyants.
butterfly The Regional and Governorates Affairs Committee that is not organized in a region announced that the House of Representatives will vote on its proposals to amend the provincial councils election law during the sessions of the new legislative term.
butterfly Independent Representative Mansour Al-Baiji called on the government to move quickly and find solutions to what is happening from the very high prices of foodstuffs due to the high exchange rate of the dollar, stressing: "This matter is unacceptable and cannot be tolerated completely."
Al-Baiji said in a statement that the Iraqi National News Agency ( NINA ) received a copy of: "We live during the holy month of Ramadan. The poor citizen lives difficult days amid high food prices and all other items in the face of government silence that has not moved a finger, which led to an increase in the prices of materials Abnormally. "
He continued: "The government must do its duty and take quick steps to curb this frightening rise in the Iraqi markets, which has unnaturally harmed the Iraqi people, and not take a stand of silence about what is going on as it is responsible for this unjustified rise by raising the exchange rate of the dollar that brought us to this." Unacceptable stage. "
Al-Baiji stressed: "The weak government performance in monitoring the markets in general, led to this very high price and unnaturally damaged the citizen and the country's economy in general. Therefore, there must be a position of the government, as it is the first and direct responsibility and it is the one who bears all the legal and moral consequences." And humanity is because the Iraqi citizen has been harmed because of its wrong decision to raise the exchange rate of the dollar .
butterfly 2021-04-15 06:55 Shafaq News/ The Iraqi Minister of Communications, Arkan al-Shibani, instructed laying a roadmap for the Iraqi Satellite construction and commence the process of its establishment.
The Director of the satellite communications department in the Informatics and Telecommunications Public Company, Souad Khalaf Majid, noted the coordination with the Commission of Media and Communication, the International Telecommunications Union, and other relevant parties to maintain Iraq's frequency and orbital rights.
She added that the satellite communications department is bolstering efforts to secure the needs of the government and private institutions at optimal prices, preparing periodic reports on the international activity in the satellite market, and attract the best offers to build the Iraqi Satellite.\
butterfly 2021-04-15 05:29 Shafaq News/ The Central Bank of Iraq (CBI) sales of Foreign currency took a slight hike today, Tuesday. Shafaq News Agency correspondent said that the CBI sales at the Foreign currency auction increased by 2.92% to reach $205,455,296 dollars at a cut-off price of 1460 dinars, compared to 199,619,000 dollars on Wednesday.
Our correspondent explained that 14 banks, nine banking companies, and 105 foreign currency exchange companies cashed in nine million dollars, while all the remaining sales went to boost funds abroad in the form of transfers and credits, with 28 banks meeting those requests.
butterfly *, looks like they didn't like Saddam either in Iraq..........2 yrs.........................2021-04-15 06:09
Shafaq News / The Dhi Qar Criminal Court sentenced two defendants convicted of promoting Saddam Hussein's ideas and publishing his photos.
A judicial source informed Shafaq News Agency that the Criminal Court in the Federal Appeal District of Dhi Qar issued a one-year prison sentence against two residents of Nasiriyah, who were convicted of publishing pictures of former Iraqi President Saddam Hussein on Facebook. The source indicated that the decision was issued based on Article 9 of Law No. 32 of 2016.
Butterfly The Sairoun Coalition condemned the cowardly terrorist attack that targeted Sadr City in the capital, Baghdad, and killed a number of innocent citizens, including a martyr and a wounded person.
The coalition stated in a statement that: The resumption of terrorist operations in this blessed month reveals the brutality of the perpetrators and their distancing from all divine and human values and is considered a malicious scheme to sow discord among the Iraqi people.
He warned against: the escalation of terrorist operations, calling on everyone to shoulder their national and moral responsibility, rejecting all inciting and sectarian rhetoric, and restraining all tongues that speak ill of Iraq and its people.
He stressed the need to support the security services and urge them to intensify their efforts and not be complacent in pursuing terrorist organizations, narrowing their areas of presence and eliminating them completely, so that security and peace prevail in our beloved Iraq.
Butterfly Today, Thursday, during his visit to Al-Muthanna Governorate, Prime Minister Mustafa Al-Kazemi inaugurated the (GE-Enka) electric station.
The station will contribute to supplementing the electrical network in the governorate, in addition to its contribution to increasing the hours of supplying electric power and developing the work of the electrical network that serves the governorate.
The Prime Minister stressed the hands of the staff working at the station, reminding that serving the Iraqi citizen is an honor for everyone who assumes responsibility in all its joints.
butterfly A source in the Nineveh police announced that they had found large sums of money in hard currency in the old city of Mosul.
The source said to the Iraqi National News Agency ( NINA ), "The security forces found sums of money in hard currency, which are believed to be the house of money for ISIS in al-Shahwan district, in the old city of Mosul."
He added, "The sums go back to the last days of the organization and its fighting in the area that was largely destroyed, and digging operations are continuing to find these sums."
Doug_W Silver:$26.01 +0.52
butterfly silver keeps on a goin' up...
Doug_W LOVE it
butterfly My d-n-l has a ton of silver jewelry
butterfly The Jordanian Minister of Industry, Trade and Supply, Eng. Maha Ali, affirmed that her country is proud and proud of the existing Iraqi investments in the Kingdom, as it is an important part of the economic contribution to the country.
She said during an economic meeting organized by the Iraqi Business Council in Amman today "remotely", that Jordan is keen to maintain Iraqi investments, attract more of them, and address any challenges and obstacles they face.
Ali added that the relations between Jordan and Iraq at various levels are solid and strong, with the support of the leaderships of the two countries to promote joint work towards closer economic cooperation, referring to the high official movement and the private sector during the recent period in this regard.
She stressed that coordination between the two countries will be translated into applicable projects and areas of work and moving forward towards the future, which will be reflected in the trade exchanges between Jordan and Iraq, which currently range between 560 and 700 million dollars.
butterfly She indicated that the coming stage will witness interest in increasing the volume of trade exchange between the two countries in terms of exports and imports, in parallel with the major strategic projects, whether in energy, transport, industrial integration, agriculture, and the Jordanian-Iraqi Economic City project, which is still under discussion.
For his part, Council Chairman Dr. Majid Al-Saadi stressed that Iraqi investors, despite the difficulties they face, remain in Jordan due to the brotherly ties that bind the two countries, and the state of security and stability in the Kingdom.
He pointed to many challenges that still face Iraqi investors in Jordan, foremost of which are procedures for obtaining visas to enter the Kingdom and residency, instability of legislation, recurrent taxes, operating costs, and unfair competition for industrial products imported into the Jordanian market.
Dr. Al-Saadi demanded that there be a partial opening of the hotel sector in the Kingdom commensurate with the number of workers in the establishments, as it is one of the sectors most affected by the Corona virus pandemic, stressing that the continuation of the closure will harm employees and workers and will push some companies to declare bankruptcy.
butterfly He explained that the Iraqi industrialist invested in Jordan and approved for export to the Iraqi market suffered great damage as a result of unfair competition in Iraq, with goods coming from many countries that flooded the markets there at low prices.
Dr. Al-Saadi called for the signing of a protocol between the two countries that includes the exchange of oil in exchange for medical and health supplies and hospital treatment, similar to what happened recently between Iraq and Lebanon, stressing that this will contribute to activating the two countries' trade exchanges.
butterfly I remember them talking years back and now here it is years later: Oil Minister Ihsan Abdul-Jabbar Ismail discussed with the delegation of the Russian Lukoil oil company the prospects for current and future investments in the field of clean energy and the promotion of gas investments.
The minister affirmed the ministry’s keenness to develop the oil industry and optimal investment for gas through implementing investment projects in cooperation with international companies.
For his part, the delegation expressed his country's desire to increase joint cooperation with Iraq to develop the oil sector and energy sector.
The delegation included the first deputy head of LUKOIL for extraction affairs outside Russia "Denis Rogachev", the general manager of "Lukoil Mid East Ltd." "Yegor Zubarev", and the director of the branch of LUKOIL "Overseas Iraq" for exploration, Edward Chiloyants.
butterfly The exchange rates of the dollar in the local market recorded today, Thursday, a decrease from the previous two days.
The Kifah Stock Exchange recorded 147800 dinars compared to 100 dollars, after it recorded 149200 dinars when it opened on Wednesday morning.
The selling price of the dollar in exchange offices was 148,250 dinars, and the purchase price was 147,250 dinars, for every $ 100.
butterfly https://morningstaronline.co.uk/article/w/anfal-genocide-never-ends-kurds-say-they-continue-their-fight-recognition THE genocide of the Kurdish people must be recognised as one of the worst crimes against humanity, a senior Iraqi Kurdish official told the Morning Star today.
As Kurds and others marked the 33rd anniversary of the Anfal campaign by former Iraqi dictator Saddam Hussein’s regime, Garmian regional governor Jalal Nuri said the atrocities of the late 1980s should not be forgotten.
On Wednesday, hundreds of survivors and relatives of the 182,000 Kurds who were killed in the most cruel and brutal way by Iraqi forces gathered to honour the memory of their loved ones at a ceremony organised by Anfal survivors’ organisations.
They vowed to continue the struggle for justice and asked the world to recognise the atrocities as a genocide.
Mahmud Bakhtyar was just three years old when he saw his entire family executed as he hid from Iraqi soldiers in the village of Chawry in the Garmian district.
butterfly “Please tell the world our story,” he told the Morning Star tearfully. “Help us get the Anfal recognised as genocide and help us to find our missing relatives."
Many of those killed were forced to dig their own graves and blindfolded before being shot with their arms tied behind their backs. Some were buried alive and many others remain missing, with efforts to find their bodies described by survivors as “lukewarm.”
Just three countries recognise the Anfal campaign, which took place in eight stages between 1986 and 1988, as a genocide: Britain, Norway and South Korea.
Wahab Ahmed, who lost his mother, father, three sisters and three brothers, was one of those who discovered a mass grave where 172 people from his village were buried.
He survived because he was staying with his uncle at the time in the town of Tuz, where he was a student.
But Mr Ahmed was adamant that while Britain and the US were among those that bore responsibility for backing Saddam’s Ba’athist regime with arms and political support, Kurdish collaborators were equallly culpable.
“The jash, as we call them, betrayed our people. They gave away peshmerga positions, told the Iraqis about the movement of villagers, led soldiers to where people were hiding and committed crimes against their own people,” he said.
He laughed when asked whether they had been held accountable for their actions.
“No, they are generals in the peshmerga forces of the Kurdistan Democratic Party and Patriotic Union of Kurdistan,” he alleged. “They are protected and living in palaces, while we live as paupers.”
Aram Mstafa said he hoped that the wounds of the Anfal would heal one day and the Kurdish people could have at least some semblance of justice.
“The Anfal is a genocide that has never ended,” he said. “It affected my parents, it affected me and it affects my children.”
Dave Budget ...Budget....where is this Budget?
Dave Shafaq News / The Iraqi Prime Minister, Mustafa Al-Kazemi announced, on Thursday, his government’s intention to challenge “some” provisions of the Federal Budget Law.
This came in an interview with Al-Kazemi during his meeting with the sheikhs of the tribes and notables of Al-Muthanna Governorate, in the host of Sheikh Jaffat Al-Shaalan, according to a statement issued by his media office and received by Shafaq News.
Al-Kazemi said; “Since my assignment, I have confirmed that I will only be a servant of the people. I mentioned Al-Rumaytha in my first conversation because it is dear to the heart, and I see her people as my family.”
He added, “We face great challenges, and Iraq has gone through difficult circumstances, and when we assumed our duties 11 months ago, there was the financial crisis and the Corona pandemic, and there were also those betting on the failure of the government, or entering into a civil war, but we were not drawn into this, and our patience and we will overcome challenges one by one.” “.
He added that his government had taken “difficult measures for reform, and in order to protect the country financially and economically.”
He stressed, “We will file an appeal with some budget paragraphs with the Federal Court, because there are provisions that will affect the electricity sector, the health sector and others,” noting that “our problems first need correct management and an honesty approach in order to solve them.”
He added, “We have embarked on a campaign of relations with neighboring countries in order to bring in investments to serve our country and its people. I will personally monitor the conditions of Muthanna Governorate, as well as any demands of its people.”
He concluded his speech by saying; “We must not underestimate the blood of citizens, and their lives, blood and property are precious to us,” according to the statement.
Dave Al-Kazemi announces his government’s intention to challenge the budget law???
Dave Seems we still have Nodda from these guys yet......
Butterfly Dave Yup nada on the budget. They are still questioning parts of it before it gets registered.
butterfly Al-Maliki: Iraq is part of the Arab world. I support the current government by moving it towards the Arab region
Thursday 15, April 2021 23:32 The head of the State of Law coalition, Nouri al-Maliki, said that Iraq is part of the Arab world and we are with the Arab world.
He said in a televised statement: During hosting the Arab summit, we showed that we are with the Arab environment despite facing internal pressure towards holding the summit in Baghdad.
Al-Maliki affirmed his support for the current government towards establishing relations with the Arab state on the basis of common interests, and supported any bilateral agreement with any Arab country.
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 Wednesday AM 4-14-21
.Zig’s Place Chat and News Wednesday AM 4-14-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly The Parliamentary State of Law Coalition has confirmed that the high exchange rate of the dollar in the local markets to a new record is a dangerous indicator that confirms the weakness of the monetary policy management in the country and puts many question marks.
The representative of the bloc, Khalaf Abdul Samad, said in a press statement that "the gap created between the already high exchange rate and its price in the market means more high prices, and as a result more economic difficulties for the poor and middle classes and those with limited incomes." : "The Iraqis today are suffering a lot, despite promises and government programs that they heard."
Zig’s Place Chat and News Wednesday AM 4-14-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly The Parliamentary State of Law Coalition has confirmed that the high exchange rate of the dollar in the local markets to a new record is a dangerous indicator that confirms the weakness of the monetary policy management in the country and puts many question marks.
The representative of the bloc, Khalaf Abdul Samad, said in a press statement that "the gap created between the already high exchange rate and its price in the market means more high prices, and as a result more economic difficulties for the poor and middle classes and those with limited incomes." : "The Iraqis today are suffering a lot, despite promises and government programs that they heard."
He added, "The repercussions of the wrong decision to raise the exchange rate and include it in the budget" has been eaten by "a significant rise in prices," indicating that "
Butterfly The Central Bank decided today, Wednesday, to increase the sale of the dollar to cover the increasing demand.
A document issued by the bank stated that: For the purpose of meeting the demands on foreign currency and for the purpose of achieving the objectives of monetary policy and ensuring the stability of the exchange rate, the Central Bank of Iraq decided to increase the amount of cash sales of foreign currency to the above authorities and fully meet them, as shown below:
The bank’s share is 200,000 dollars per week. The share of the Class A exchange company is $ 1,500,000 per week The share of the Class B exchange company is $ 500,000 per week The share of the Class C exchange company is $ 50,000 per week. Please submit your requests as of Sunday 2021.
butterfly The exchange rate of the dollar in the local market for today, Wednesday, increased sharply from the previous price. The selling price of the dollar on the Baghdad Stock Exchange was 149,500 dinars, and the purchase price was 149,000 dinars, for every 100 dollars.
butterfly The specialist in economic affairs, Hussein Shaker Tahilo, confirmed that the high exchange rate of the dollar against the dinar is about eating about a third of the salaries of employees or those with limited income, workers and workers.
In a statement to the Iraqi National News Agency ( NINA ) , Tahilo said : Iraq sits on enormous natural resources, oil resources, water resources and all the elements of the economy, but it suffers from many crises and imbalances, the last of which was the rise of basic foodstuffs in the markets in the absence of some items of the ration card, attributing that To three axes, the first is the rise in the exchange rate by the Iraqi government under the pretext of helping the local industry, the second is that the government does not control the markets, which prompted some traders to manipulate prices, and the third is the failure to provide the ration card items.
He added: All these reasons have led to an increase in the prices of foodstuffs, and the main reason is the high exchange rates, because most of the necessary materials are imported from abroad and the lack of alternatives to them in the local markets, as well as the government's lack of control over the markets has led to the greed of some merchants to raise prices with the increase. Demand for them with the approach of the blessed month of Ramadan.
”And also the failure to provide some of the basic ration card items for the Iraqi citizen, despite the fact that the Council of Ministers had instructed the Ministry of Trade to provide the items of the ration card and also promised to monitor prices in the markets, but it did not result in any effect on that .. This increase has led to the erosion of nearly a third of the salaries of employees or those with limited income, workers and workers.
butterfly He stressed: "The way out of this crisis is through studying and planning the rise in exchange rates and their impact on the rise of basic materials and support for the local industry, as well as providing the ration card items for the Iraqi citizen so that the demand in the markets decreases and thus prices decrease and also control the local markets by the government and be There is severe accountability for those who manipulate prices at the expense of the citizen .
butterfly 2021-04-14 04:29 Shafaq News/ Today, Wednesday, April 14, 2021, the Dinar/Dollar exchange rates retracted after a surge in the morning.
Shafaq News Agency correspondent said that Al-Kifah and al-Harithiya Central Exchanges are trading the 100 US dollar at 148000 Iraqi Dinars, compared to 149200 dinars earlier this morning.
Our correspondent added that today's selling and buying prices in the local markets dropped to 149,000 and 148000 dinars per 100 dollars.
butterfly 2021-04-14 02:24 Shafaq News / Gold prices bounced off a more than one-week low on Tuesday after data showing a sharp rise in U.S. inflation bolstered bullion's appeal as an inflation hedge and weighed on the dollar, Reuters reported.
Spot gold climbed 0.8% to $1,745.94 per ounce by 1:42 p.m. EDT (1742 GMT), after earlier dipping to $1,722.67, its lowest mark since April 5. U.S. gold futures settled up 0.9% at $1,747.6.
U.S. consumer prices rose by the most in more than 8-1/2 years in March, kicking off what most economists expect will be a brief period of higher inflation.
The U.S. dollar slipped to three-week lows after the data, making gold cheaper for holders of other currencies, while benchmark 10-year Treasury yields also eased.
Further supporting safe-haven gold were concerns raised by U.S. health officials' decision to recommend a pause in the use of Johnson & Johnson's COVID-19 vaccine, analysts said. Among other precious metals, silver rose 2% to $25.34 per ounce. Palladium gained 0.7% to $2,695.58 after climbing to its highest level since March 18 at $2,710.
Platinum fell 0.9% to $1,158.98 per ounce, having earlier dipped to its lowest price in two weeks at $1,151.86.
butterfly 2021-04-14 07:42 Shafaq News / The Kurdish leader, Masoud Barzani, commemorated today the 33rd anniversary of al-Anfal genocide.
Barzani said in a tweet, "The crime of al-Anfal is one of the darkest chapters of the history of Iraq’s previous regime and it is a testimony of the oppression suffered by the people of Kurdistan.
"It is, therefore, a legal and moral obligation of the Iraqi government to begin reparations for this odious crime", he concluded.
butterfly 14th April 2021 in Iraq Industry & Trade News
Iraqi Ministry of Finance and GE Mark Financial Close of Power Up Plan
The Iraqi Ministry of Finance (MoF), GE and their financial partners have celebrated the financial close -- a critical milestone that marks the final step of a loan agreement becoming effective -- of the Power Up Plan 4 (PUP4).
Under PUP4, GE will provide capital and spare parts, repairs and services to the Qudus, Khairat, Baghdad South, Hilla, Mussayab, Haidariya and Karbala power plants to help maintain more reliable generation of up to 2.7 gigawatts (GW) of electricity for the Iraqi people.
As part of these efforts, 20 gas turbines that are currently not operational at these sites will also be returned to service. GE played a key role in bringing the Iraqi Ministries of Finance, Electricity and Planning together with various financial institutions, including export credit agencies, commercial banks and others, to secure financing for the project.
H.E. Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade and Deputy Chairman of Etihad Credit Insurance (ECI) Board of Directors said:
butterfly "Open economies, trade and public private partnerships can play a strong role in supporting countries to develop critical infrastructure. This is highlighted by the Power Up Plan 4, for which certain key services will be executed in and exported from GE's facilities in the UAE, allowing us the opportunity to extend financial support through Etihad Credit Insurance and providing a win-win scenario for all. It also reflects the vision of our leadership to broaden regional collaborations that can help enhance the quality of life of people across the Middle East and beyond."
Mudaffar Al-Jbori, Ambassador of Iraq to the UAE, said:
"The recent visit of Iraqi Prime Minister Mustafa Al Kadhimi has further strengthened bilateral ties between the two countries. There is also a renewed focus by the UAE to invest in Iraq and support the country's socio-economic progress. The support by ECI to PUP4 is another example of the partnership between the two nations and will further accelerate Iraq's electricity infrastructure development."
Mr. Khaled Murad, the Director General of Public Debt at the Iraqi Ministry of Finance said:
"Electricity is the foundation that modern life is built on. The financing secured through the support of GE and other partners will ensure more seamless operations at key power plants in Iraq, helping us to make better use of existing assets and to provide the electricity that people depend on to run their homes and businesses.
Looking ahead, there remains plenty of opportunity to enhance Iraq's power sector through further large-scale investments, and we look forward to continue to focus on developing such valuable collaborations in the future."
butterfly GE is bringing the strength of its global network to support the execution of PUP4. Several key repair works for equipment such as Gas turbines will be undertaken at GE's service centre in Jebel Ali Free Zone, Dubai, UAE. This has been facilitated by ECI, the UAE's Federal export credit company, which supports projects that promote economic diversification in the UAE and reduce the dependence on oil resources as a source of income.
ECI is one of the debt reinsurers for PUP4, providing insurance coverage to the lender, JP Morgan. PUP4 is the first Iraqi project supported by ECI and opens the doors to further collaborations between the UAE and Iraq.
"Etihad Credit Insurance is committed to delivering the vision of the UAE's leadership to drive sustainable and diversified economic development. As part of these efforts, we are honored to extend our support to finance a project in Iraq for the first time, a strong statement on the regional partnerships that we continue to build. We look forward to continue evaluating opportunities for future partnerships in Iraq," said Massimo Falcioni, CEO of ECI.
GE has supported the development of Iraq's energy infrastructure for over 50 years. In the north, GE's teams helped power liberated areas with the rehabilitation of Mosul's Al Qayara Power Plant. In central Iraq, the company is helping to equip, operate and maintain the country's largest combined cycle power plant - the Besmaya Power Station.
butterfly In the south, GE's Advanced Gas Path upgrade solution has enabled the Ministry of Electricity to decrease the downtime of gas turbines, improve availability, enhance performance and lower annual maintenance costs at the Najibiya Power Plant.
"Working closely with the Iraqi Ministries of Finance, Electricity and Planning, GE has collaborated with various private and public financial institutions from around the world to help secure over US $2.4 billion in financing since 2015 for energy sector projects across the country," said Joseph Anis, President & CEO of GE Gas Power Europe, Middle East and Africa.
"We remain committed to continuing to facilitate investments from various institutions, provide industry-leading technologies and work with our team of local professionals on-the-ground, to deliver results that strengthen Iraq's power sector further and drive growth and prosperity for everyone, no matter how challenging the circumstances."
In addition to strengthening critical infrastructure, GE also supports several local community development projects across Iraq. The company has partnered with Kapita, a grassroots entrepreneurship organization, to launch the 'Iraqi Microbusinesses' initiative - 'Taqat' in Arabic.
Through the partnership, GE will support up to 50 microbusinesses owned by young Iraqis to scale up further by providing grants, marketing and business training. GE also recently announced a program to strengthen the skills of young Iraqis by providing scholarships for five Baghdad Business School students for a 10-month educational program.
(Source: Etihad Credit Insurance)
butterfly 14th April 2021 in Healthcare, Politics The Iraqi Government has issued the following announcement regarding measures to help prevent the spread of COVID-19:
A partial curfew will be implemented during the blessed month of Ramadan from 20:00 to 05:00 the following morning for the first three weeks of Ramadan, while allowing restaurants to provide delivery service.
A full curfew on Fridays and Saturdays every week. Exempt are pharmacies, food marts, fruit and vegetable stands, and bakeries, and allowing them to carry out their work until 19:00, and allowing restaurants to provide delivery service.
Enforcing measures by health control teams and the security forces, and holding violators accountable.
Directing health departments to ask their employees in hospitals and health centres to provide proof that employees are Covid-19 negative through PCR examination results, with tests being conducted within a week or providing proof of their inoculation with a Covid-19 vaccine, to allow them to work starting 1 May 2021. Directors of health institutions will be held legally responsible for implementing and following up these procedures.
butterfly Conducting PCR tests on all patients and their caregivers if they are unable to provide a certificate of inoculation against Covid-19.
Starting 1 May 2021, those employed in retail stores, restaurants, malls, factories and other places of business subject to health control measures will require inoculation. Health permits for the aforementioned businesses will be conditional on providing proof of inoculation of all staff. Following this date, businessowners will be held accountable and subject to fines if any employee cannot provide evidence that:
The employee has been inoculated with a Covid-19 vaccine.
Those who are unable to be inoculated such as pregnant women and other contraindications, or those who can provide evidence that they contracted Covid-19 during the last three months, by providing a positive PCR test or CT-scan will need to provide proof of a negative PCR test taken within the most recent week.
Ministry of Health monitoring authorities, with the support of the security forces, must hold accountable violators of these health measure in accordance with the Public Health Law and the decisions of the Higher Committee for Heath and National Safety.
Starting 1 May 2021 staff working in pharmacies, drug stores, laboratories and private clinics, including radiology clinics, and private hospitals will not be allowed to work if:
butterfly They cannot provide evidence that they are Covid-19 negative through a negative PCR test conducted within the most recent week.
There cannot provide evidence of being inoculated with the Covid-19 vaccine.
Ministry of Health inspectors and the relevant associations (Doctors' Syndicate, Dentists' Syndicate, Pharmacists' Syndicate) will enforce the implementation of the above and hold violators accountable and closing the practice of violators in accordance with the laws and regulations in force.
Citizens will not be allowed entrance into ministries and government agencies of a crowded nature (pension department, traffic directorates, passport directorates, civil and national status directorates, etc.), as well as not allowing employees of the aforementioned to work starting from 20 April 2021, in case of:
They cannot provide evidence that they are Covid-19 negative through a negative PCR test conducted within the most recent week. There cannot provide evidence of being inoculated with the Covid-19 vaccine.
All government entities not associated with a ministry and all governorates are responsible for implementing the procedures and following up with their employees and considering any violating employee in absent without payment.
Sports clubs will not allow the presence of any of the players unless they present their inoculation card for the Covid-19 vaccine.
butterfly The Ministries of Education, Higher Education and Scientific Research, and Health will coordinate regarding conducting campaigns to vaccinate the covered groups of faculty and students.
The Hajj and Umrah Authority will not register any of the citizens wishing to perform the Umrah and Hajj pilgrimages unless it is proven that s/he has obtained the inoculation card with the Covid-19 vaccine.
Urging all government entities not associated with a ministry and all governorates to direct their employees to be inoculated with a Covid-19 vaccine.
Calling upon community leaders, students of religious sciences, tribal sheikhs, intellectuals, activists and media professionals to take their national and moral responsibility in raising awareness and not to stand watching in light of the continuing dangerous epidemiological situation.
Calling upon all media outlets, governmental and private institutions, and civil society organisations to make efforts to urge citizens to adhere to preventive measures, and to encourage citizens to take the vaccine in health centres and accredited hospitals.
Putting into force the application of the provisions of Article 240 of Penal Code No. 111 of 1969, as amended, related to violating orders and regulations, and authorizing the security forces in support of health teams and their application against citizens in violation in the event that they fail to pay fines.
The Joint Operations Command, Baghdad Operations Command, the Ministry of Interior, and the National Security Agency will continue to support health teams in their inspections and follow-up on the implementation of preventive measures in public places, restaurants, shopping malls, cafes and others during and outside of official working hours.
butterfly Reducing working hours in public departments and institutions by one hour during the holy month of Ramadan. (Source: Govt of Iraq)
butterfly Well now ain't this interesting: ...... The Director of Policy Planning Department at the Saudi Foreign Ministry, Ambassador Raed Qarmali, said: The Kingdom considers any possible nuclear agreement between Iran and the major powers as a stage point that leads to the launch of broader negotiations that will include the countries of the region.
He said today, Wednesday, that Riyadh is consulting with the countries of the 5 + 1 group regarding the ongoing consultations between them and Iran in Vienna about the possibility of reviving the 2015 nuclear agreement.
Garmali stressed that: Any agreement with Iran that does not effectively address the legitimate concerns of the countries of the region will not succeed .
He continued, "We would like at least to make sure that any financial resources will be available to Tehran under the nuclear agreement ... will not be used to destabilize the region."
The Saudi official suggested the possibility of starting a nuclear agreement and later moving to a wider format that includes the countries of the region to discuss other concerns in a positive way.
And Karmali: We intend to do everything we can to make the nuclear agreement a starting point and not an end point in this process.
Doug_W GL with that after that IS Iran
butterfly I believe the other countries are getting together and they are fed up with all the killings, etc.
butterfly Tiny steps but it is encouraging............................................The Ministry of Oil concluded the work of the licensing round for the transfer of oil derivatives in the presence of the supervising committee headed by the Undersecretary for Distribution Affairs Hamid Yunus and the participation of (58) national companies eligible to participate in bidding.
According to a statement by the ministry, the agent said that the second phase of the licensing round, which was resumed today, Wednesday, includes hubs for transporting oil derivatives for the benefit of the Ministry of Oil from Iraqi refineries to southern ports.
For his part, Deputy Director General of the Oil Products Distribution Company, Hussein Talib, said: The second phase of the oil derivatives licensing round includes 23 axes that the companies submitted their bids, and the axes tender has been referred to the winning companies according to the legal contexts, and that the bidding process for companies was publicly in accordance with the terms of public tenders.
The licensing round for transporting oil derivatives was launched last Monday in its first phase in favor of the Ministry of Electricity to transport all kinds of fuel from refineries and warehouses to electric power plants across the country.
Doug_W @butterfly fingers crossed
butterfly Doug_W Me too.
butterfly I have seen a lot of articles to where they are trying to become a more peaceful country and those around them are saying the same thing.
butterfly US President Joe Biden announced the withdrawal of his country's forces from Afghanistan by next September.
In a televised speech, he said: It is time for the soldiers to return home and it is time to end the longest war the United States has fought.
Biden added, "His country will support the Afghan government, but it will not engage in military operations. If the Taliban attack us, we will respond to it."
He continued: Our withdrawal does not mean not to fight terrorist networks wherever they are.
NORV :Float: :Float: :Float:
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 Tuesday PM 4-13-21
.Zig’s Place Chat and News Tuesday PM 4-13-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly Iraq, however, has not only leaned on the strength of its regional bilateral relations. The country is in discussions with French oil major Total for a massive $7bn investment to develop oil and gas fields, cap flaring of gas as well as produce one gigawatt of solar energy, which will be a first for the fossil fuel-reliant state.
The agreement with Total is likely to be concluded "before July", Iraq's oil minister Ihsan Ismael told Asharq News in March. Baghdad could tap into French export credit agency Bpifrance, providing a guarantee for banks, as well as enter into potential pre-paid oil sales agreement to finance such a massive deal, said an informed financial analyst, who did not wish to be named.
Zig’s Place Chat and News Tuesday PM 4-13-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly Iraq, however, has not only leaned on the strength of its regional bilateral relations. The country is in discussions with French oil major Total for a massive $7bn investment to develop oil and gas fields, cap flaring of gas as well as produce one gigawatt of solar energy, which will be a first for the fossil fuel-reliant state.
The agreement with Total is likely to be concluded "before July", Iraq's oil minister Ihsan Ismael told Asharq News in March. Baghdad could tap into French export credit agency Bpifrance, providing a guarantee for banks, as well as enter into potential pre-paid oil sales agreement to finance such a massive deal, said an informed financial analyst, who did not wish to be named.
Iraq's credit rating was "significantly higher" than the lowest investment grade awarded by ratings agencies, he added. The country was "punching above its weight" and needed to implement significant institutional changes as detailed in the seminal white paper on economic reform submitted to parliament last year.
"The public sector wage bill continues to increase. They're hiring up to 200,000 more people. The budget was passed with about $20bn in deficit," he added.
Earlier this month, the Iraqi parliament approved a budget of $89.65bn for 2021, with an estimated deficit of $19.79bn. The spending was calculated on the basis of a $45 per barrel oil price with expected exports of 3.26 million bpd. The state will derive 97 per cent of its finance for the budget from the sale of oi
butterfly The IMF expects the price of oil to be about $58.52 a barrel this year and $54.83 a barrel next year. The average price of oil was $41.29 a barrel last year.
Iraq exported nearly 3.4 million bpd in February, including oil sold through Ceyhan, but reduced its volumes considerably to 3.2 million bpd in March, according to Kpler data.
Give the regional support the country has received it is unlikely to violate its quota over the next three months as Opec+ plans to add 300,000 bpd in May and June and 450,000 bpd in July, Homayoun Falakshahi, an oil and gas equity analyst with Kpler, said. Updated: April 13, 2021 08:03 PM
I J B Mich. Lawsuit Shows Evidence Of Election Fraud, Electronic Vote Tampering - Michigan attorney Matthew DePerno filed a lawsuit, challenging voter fraud and electronic meddling with 2020 elections in his state.
“Our states give access to people to the qualified voter rolls,” DePerno explained. “We believe that the state of Michigan has given over 32 groups access to the qualified voter roll.”
The lawsuit, filed last week, is based off several forensic reports. These reports revealed thousands of ballots were illegally cast for Joe Biden and there was electronic manipulation of votes.
DePerno found more than 66,000 unregistered ballots were counted in nine Michigan counties.
butterfly Parliament Speaker Muhammad al-Halbousi announced that the Progress Party, which he heads, will not run in the elections in the south and the Middle Euphrates.
Al-Halbousi said in a televised statement: "All Iraqis do not have confidence in the political process," pointing out: "The Anbari citizen has more confidence, after Anbar became an ally of the state and supported the government."
butterfly The Ministry of Immigration and Displacement announced the closure of (90%) of the camps for the displaced, at the level of Iraq, out of (174) camps, and the return of (577) thousand displaced families to their original areas of residence.
A statement by the Ministry stated that during the last six months of last year (90%) of the camps were closed throughout Iraq, which contributed to the return of (66,671) families from the governorates of Salah al-Din, Nineveh, and Diyala, as well as the return of about a thousand displaced citizens from Iran and Turkey And Europe.
The statement added: "The number of remaining camps in the country is (28) camps, which will be closed this year as part of the national plan for the return of displaced persons launched by the ministry and approved by the Council of Ministers."
The ministry indicated that it had distributed (3 million and 710 thousand) different shares of food, health, household and kitchen baskets, mattresses, blankets, etc. The amount of two billion dinars was spent as a grant for the returnees with the aim of encouraging the displaced to return voluntarily, while the total relief aid provided to the care categories reached (4 million and 200 thousand) a different share during the year 2020, with the distribution of (300) apartments in the Maysan complex for the displaced families in Governorate, distributing and installing (491) caravans to accommodate displaced and returning families whose homes have been destroyed, restoring more than (3000) homes in the governorates of Nineveh and Anbar in coordination with the International Organization for Migration, and opening (95) income-generating projects for returning families.
butterfly The technical and engineering teams in the Kirkuk Roads and Bridges Directorate have completed the reconstruction of one of the most important bridges in the province, six years after it was destroyed by the terrorist ISIS.
Chief Engineer Qassem Hamza, Director of Roads and Bridges, said: "The Zghitoun Bridge, which connects Kirkuk to Tikrit, has been completely completed and will be opened within days, and it is one of the projects of the Reconstruction Fund for Areas Affected by Terrorist Operations."
He added: "The complete reconstruction of the bridge that was destroyed by ISIS represents the return of life to the main road linking Kirkuk and Tikrit, and will contribute to the development of the agricultural and economic sector."
butterfly 2021-04-13 07:50 Shafaq News / Agence Française de Développement (AFD), exhibited interest in establishing a branch in Iraq and finance government projects.
This came in a meeting between the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhif, and a delegation from the Agency.
A statement of the Central Bank of Iraq said that Mukhif emphasized the importance of international technical support to implement the financial and economic reforms presented in the reform Paper, proposing a meeting between the AFD and the private banking sector to define the area of cooperation.
According to the statement; The French Development Agency has expressed its desire to establish a branch in Iraq to increase cooperation, grant loans for the Iraqi government and its productive projects, and provide funding for the public and private sectors.
It is worth noting that the AFD is a public development finance institution that works to combat poverty and promote economic growth in developing countries.
butterfly 2021-04-13 13:32 Shafaq News/ Kurdistan’s President Nechirvan Barzani opened today Tuesday a four-part series of virtual discussions at the Jackson Institute for Global Affairs on “The Kurds in the Middle East.”
The seminar, which focused on the status of the Kurdish question in the Middle East, was arranged by the organization Justice for Kurds, and was attended by friends and supporters of the people of Kurdistan in the United States, Britain and France.
The seminar took place concurrently with the 30th anniversary of the United Nations Security Council Resolution 688, which imposed the No Fly Zone following the Operation Provide Comfort in 1991. The historic UN resolution effectively protected the embattled people of Kurdistan and led to the establishment of the Kurdistan Region as a constitutional entity based on the federal system within Iraq.
President Barzani was highlighted the UN 688 resolution and its outcomes. The President also highlighted a broad vision for the Kurdistan Region’s bilateral relations with the neighboring countries, the international community and the status of the people of Kurdistan for now and in the future. The resolution of the problems, the future of Kurdistan Region’s relations with the federal Iraq, partnership and cooperation in order to secure peace and stability in Iraq and the wider region were underlined.
The following is the message from President Nechirvan Barzani:
Thank you to Yale University’s Jackson Institute for Global Affairs, with my friends: General Petraeus, Ambassador Ford, Emma Sky, Professor Levinsohn, Ted Wittenstein and Justice for Kurds, and its founders: Thomas Kaplan and Bernard-Henri Lévy, for having organized, this friendly exchange, with our American, British, and French friends.
This month, April 2021, is of major historic significance for the Kurds and for US-Kurdistan relations. It marks the 30th anniversary of the United Nations Security Council Resolution 688 and Operation Provide Comfort.
butterfly The successful military-humanitarian intervention during which the US with France, the UK and other partners protected Iraqi Kurdistan. The operation rescued over a million of our people who were stuck at the border-mountains of Iran and Turkey. It provided a safe haven for our desperate people at that time. Many of whom died especially children and elderly due to hunger and exposure before aid arrived.
The forced no-fly zone over Kurdistan following this operation was critical to the establishment of the Kurdistan Region’s institutions and infrastructure. And in many ways today the existence of a stable peaceful and tolerant Kurdistan Region is a direct consequence of this intervention by the United States, France, Britain and other partners.
Since those April days of 1991 America has supported and stayed engaged with the Kurdistan Region most recently with the Global Coalition to Defeat ISIS. Kurdistan is and strives to continue to be an island of peace, stability and coexistence in the troubled Middle East. We are for a mutually beneficial relationship with all our partners so that we are able to help ourselves and help others in need.
As we recognize the vital importance of helping vulnerable communities fleeing violence. The Syrian Civil War and the invasion of ISIS provoked multiple waves of displacement. At one point, our population had increased by almost 30% with nearly two million IDPs and refugees from different ethnic and religious backgrounds.
Yes, the people of Kurdistan do share your values and are ready to contribute positively. We have shed blood to defend life and freedom against the forces of evil. As the leader of the free world it is in the interest of the US to look beyond its border. We are pleased to see the Biden administration’s renewed engagement globally.
We welcome the US-Iraq Strategic Dialogue. It is a strong commitment and an important step towards a balanced relationship.
butterfly We don’t expect the US to fight our wars; however, we do expect the US to remain engaged with us in Iraq to ensure the lasting defeat of ISIS.
To achieve this objective, we need the continued commitment of the US and, its coalition partners to help our brave Peshmerga and the Iraqi Security Forces to win the war.
The establishment of the No-Fly-Zone, 30 years ago, gave us the hope and the space to set the foundations for the Kurdistan Region today as a stable and peaceful part of Iraq and a reliable ally of the US and the international community.
To consolidate this achievement, we need to maintain a long-term partnership. With your help, we were able to turn Kurdistan Region into a success story in the Middle East. With your continued engagement and support we can and will transform Kurdistan Region into a more peaceful, stable and prosperous place, which is in our mutual interest. We are and will remain committed to peace, stability, good governance and reform.
My dear friends, in America:
Our friendship and partnership were made in the mountains of Kurdistan Region in 1991, let us continue together to defend our common values and principles of dignity and openness. Let us strive to build together a more peaceful, just, free and secure world.
butterfly 2021-04-13 15:05 Shafaq News/ AT A FEB. 2021 meeting of the Munich Security Council, President Joe Biden proclaimed, “America is back.” The question is: America is back “to do what?”
For Iranians, the question is especially salient. “America is back” should mean respect for Iran’s sovereignty and an end to the fear mongering of past decades. Additionally, President Biden should clearly affirm what American and Israeli intelligence agencies have been saying for years—that Iran has never wanted to build a bomb and has never been a threat to the United States, Israel or its regional neighbors.
America’s “big stick” policies have not achieved the regime change many in the Washington establishment have been hoping for. Unfortunately, few among them question the efficacy, let alone the morality, of U.S. foreign policy toward Iran. What right, for example, does the United States have to overthrow governments, dictate, threaten, and assassinate leaders, bomb, invade, and destroy lives and eco-systems in a region it knows only in terms of the energy resources it provides?
America’s forever-sanctions-war has taken its toll on Iran, but it has not produced the changes Washington has desired. A major reason is that, unlike other countries in the Middle East, Iran is not the product of British or French colonial plans or a military coup. It is one of the world’s oldest, proudest and abiding civilizations, which has endured all manner of attack over its 7,000-year history.
To remedy its foreign policy failures, Washington must take account of its own history with and failed policies toward Iran and reevaluate its current alliances and strategic partnerships in the Middle East.
butterfly Such an accounting would reveal that U.S. interests have been poorly served by U.S. animus toward Iran, and that America has more in common with Iran than with most countries in Southwest Asia. Because of its regional stature, Iran could provide Washington with the meaningful assistance it needs in tackling its difficult impasses in Iraq, Afghanistan, Syria, Yemen and in Palestine-Israel, as it did by providing valuable assistance on al-Qaeda after the Sept. 11, 2001 attacks.
The ideals of Iran’s 1979 revolution have yet to be realized. The Islamic Republic has been under continued attack since its inception and yet it has survived despite all obstacles the U.S. and its allies in the region have thrown its way. After millennia of monarchy, Iran has formed a republic with a written constitution and regularly held parliamentary and presidential elections. Iran’s government is unprecedented in the Islamic world.
The Biden administration has thus far displayed the same imperial attitude and lack of historical insight that has brought about America’s disastrous history with Iran; a history that first derailed with an ill-fated decision in 1953, and continues to haunt both countries to this day.
With British urging, President Dwight D. Eisenhower ordered the overthrow of the democratically elected government of Prime Minister Mohammad Mossadegh in 1953. It set the stage for Washington’s future acts of trickery and malign behavior and for Iran’s continuing mistrust of the United States.
butterfly With the defeat of Mossadegh’s democratic government, CIA coup plotter, Kermit Roosevelt, Jr., reported to Washington that the shah had been “safely installed” back on the Peacock Throne. Before leaving Tehran, Roosevelt met with the shah. Raising his glass in a toast to Roosevelt, the shah remarked, “I owe my throne to God, my people, my army—and to you!”
The prime minister was arrested and hauled before a military tribunal. There he uttered the words that resonated with Iranians then and now: “I have had only one objective, and that was for the people of Iran to control their own destiny and for the fate of the nation to be determined by nothing other than the will of the people...” He continued, “I am well aware that my fate must serve as an example in the future throughout the Middle East in breaking the chains of slavery and servitude to colonial interests.”
The shah loyally executed U.S. interests until 1979 when millions of Iranians brought down “America’s shah” to, in Mossadegh’s words, control their own destiny.
The 1979 Iranian Revolution—the most consequential of the 20th century—inspired hope for political transformation and has changed the balance of power in the region.
One of Washington’s greatest fears was the power of the ideology born of the revolution, particularly through the messages of Ayatollah Ruhollah Khomeini, founding father of the Islamic Republic. His calls for Shi’a-Sunni unity with entreaties such as, “The Muslims must be a united, single fist, none can rise up against them,” echoed across the Islamic world, much to the consternation of Arab dictators in Saudi Arabia and Egypt.
The political and economic power of a unified Middle East, inherent in the Ayatollah’s rhetoric, much like Mossadegh’s 26 years earlier, was not lost on the United States.
butterfly America’s intense anti-Iran policy, already on the rise after the revolution, intensified with the seizure, by Iranian students, of the U.S. Embassy in Tehran and the taking of 52 American hostages from November 1979 to January 1981.
The Iran-Iraq War (1980-88) further deepened Iran’s distrust of the United States. Although Iraq started the war, President Ronald Reagan decided that it would be in America’s interests to help Saddam Hussain defeat Iran. The U.S. provided financial and military assistance to the Iraqi regime, including dual-use technology that allowed Iraq to make chemical weapons.
Iraq’s use of chemical weapons against Iranian soldiers was met with a muted response from Washington. Although Saddam was using chemical weapons against Iranian forces and civilians, Ayatollah Khomeini specifically prohibited the production or use of chemical, biological and nuclear weapons.
In March 1984, the U.S. State Department issued the following statement:
“While condemning Iraq’s chemical weapons use…The United States finds the present Iranian regime’s intransigent refusal to deviate from its avowed objective of eliminating the legitimate government of neighboring Iraq to be inconsistent with the accepted norms of behavior among nations….” The statement was more condemnatory of Iran than Iraq. However, by 1991, Iraq had lost favor with Washington after Saddam’s invasion of Kuwait.
Containing Iran and Iraq became the official policy of President Bill Clinton. Using Israel, Saudi Arabia and the Gulf states, Clinton’s “dual containment” policy objective was to isolate both countries politically, economically and militarily. It was a policy underwritten and supported by Israel and its lobby groups, including the Washington Institute for Near East Policy (WINEP), a think tank funded by AIPAC and its supporters.
butterfly To garner international support for harsher additional sanctions, the U.S. and Israel accused Tehran of sponsoring terrorism, pursuing nuclear weapons and of being a “rogue state”—a narrative that has become uncontested doctrine.
Washington’s efforts to destabilize Iran have been ongoing. The U.S. Congress authorized millions of dollars for covert operations in the Intelligence Authorization Act of 1996 and the Iran Freedom Support Act of 2006.
U.S. perfidy was clearly reflected in President George W. Bush’s 2002 State of the Union address when he included Iran among his “axis of evil” countries. The slight was particularly confounding to Iranians because they had been working with the U.S. to help establish an interim government in Afghanistan following the U.S. invasion of that country in October 2001.
In a 2003 proposal to Washington, which later came be known as the “grand bargain,” Iran offered to discuss several issues of concern to both countries, including willingness to accept full transparency of its nuclear program.
Iranians were stunned by Bush’s refusal to even reply to Tehran’s proposal. Instead, he launched an unprecedented financial war intended to drive Iran out of the global economy.
butterfly RAPPROCHEMENT MOVES
In 2015, it seemed that rapprochement was finally possible. President Barack Obama had managed to conclude a nuclear agreement despite the relentless machinations of war zealots in Congress, Israel and Saudi Arabia. Although it had no nuclear weapons, Iran agreed to the terms of the Joint Comprehensive Plan of Action (JCPOA), which included more restrictions and intrusive monitoring than other states with nuclear programs or weapons.
The JCPOA was the most important pact between the United States and Iran since 1979. But in 2018, entrenched U.S. anti-Iran institutional forces proved more powerful than the word of President Obama. Israel and its American supporters applauded President Donald Trump’s unceremonious withdrawal from the agreement and his efforts to bring the Iranian economy to its knees.
For over five years, the U.S. has been punishing Iran for a nuclear weapons program that does not exist.
Despite Trump’s 1,000 crippling sanctions, Tehran abided by the terms of the agreement. That changed in January 2020 when Trump ordered the assassination of General Qassem Soleimani. When he boasted about his murder and conspired with Israel to assassinate yet another nuclear scientist, Mohsen Fakhrizadeh in November 2020, Iran ramped up its uranium enrichment level to 20 percent, where it was before the accord.
Iranians believe that a double standard exists for them. The world, for example, continues to be outraged by the brutal murder, in 2018, of Washington Post columnist Jamal Khashoggi in the Saudi consulate in Istanbul on the orders of de facto Saudi ruler, Mohammad bin Salman.
butterfly The U.S. murders of Soleimani and Fakhrizadeh did not prompt the same outrage, although both were in violation of international law and could be considered an act of war.
For over 40 years, the U.S. has used Iran as a foil to maintain its primacy in the Middle East. The country has been under constant attack because of its refusal to acquiesce to U.S.-Israeli plans for the region. This, not Iran’s nuclear program, is the actual reason for America’s hostility toward Iran.
Israel has successfully hyped Iran as a nuclear danger to the Jewish state. However, if Iran were to at-tack Israel using nuclear weapons, it would not only kill Israelis but the Palestinians Iran supports. It would also obliterate Jerusalem and other sites sacred to Islam and Iran. This would be an illogical and inconceivable act by the Islamic Republic.
Like all nations, Iran has a right to defend itself. U.S. provocations and threats from regional neighbors have forced it to pursue a defensive security posture. Although Tehran has not drawn on nuclear weapons for security, it may have to decide that nuclear weapons would be a safeguard from the “axis of evil” it confronts at its doorstep—the U.S., Israel and Gulf Arab regimes. Furthermore, Iran deserves a guarantee that if it reenters the JCPOA no change of government in Washington will abrogate it.
butterfly America has spent enormous financial, political and military energy trying to eliminate the Islamic Republic, to no good end. Since it was President Trump who unilaterally withdrew from the nuclear agreement in 2018, the onus is on Washington to reenter it without preconditions. By reentering the JCPOA, President Biden could begin the process of undoing the damage that America’s adversarial policies have caused Iran over many decades.
The United States has yet to understand that if it wants to achieve any of its objectives in the region; it will need Iran as a strategic partner, not apartheid Israel or Arab strongmen. An equitable U.S.-Iran partnership could be the ballast America needs if it intends to play a more visionary role in the Middle East. Source: Washington Report for Middle East Affairs
butterfly 2021-04-13 09:21 Shafaq News/ The Syrian President Bashar al-Assad has dismissed Syria’s Central Bank Governor Hazem Karfoul, the state news agency (SANA) said on Tuesday.
Karfoul, assumed his position in 2018, holds a doctorate of financial and banking sciences.
It did not immediately say whether Assad had appointed a replacement or give a reason for Karfoul’s dismissal.
Syria’s economy has been decimated by the country’s decade-long conflict, and it also faces Western sanctions, but probably the dismissal is due to the collapse of the Syrian currency, which has lost more than 100 percent of its value since he took office.
Assad removed Imad Khamis as prime minister in June following weeks of economic hardship and a rare outbreak of anti-Assad protests in government-held areas, replacing him with Hussein Arnous.
The Syrian pound has been tumbling, driving up inflation and aggravating the hardship faced by Syrians as they struggle to afford food, power and other basics.
The currency has rebounded somewhat in recent weeks since hitting a low of 4,000 to the U.S. dollar in March after authorities’ tightened controls on bank withdrawals and internal transfers and restricted movement of cash around the country to stop hoarding of dollars. Reuters said.
Bankers and business people had told Reuters the Central Bank of Syria instructed banks to cap withdrawals at 2 million pounds ($572) from an earlier limit of 15 million pounds and acted to curb movement of cash within provinces to up to 5 million pounds. It also imposed a ceiling of up to one million pounds on transfers within government-held areas to reduce the demand for dollars.
The pound had traded at 47 to the dollar before protests against Assad’s rule erupted in March 2011.
Butterfly Pay up: US tax dodgers are costing US $1 trillion, IRS says
The ballooning difference between the tax dollars Americans owe and the tax dollars actually collected by the US Internal Revenue Service (IRS) has become a point of focus for US lawmakers who see more aggressive tax enforcement as a way to boost government revenue.
butterfly The head of the IRS calculated that tax evasion in the U.S. may total $1 trillion a year, a figure that is multiples higher than previous estimates from the federal government.
Internal Revenue Service Commissioner Chuck Rettig told a Senate panel Tuesday that previous tallies of the tax gap — which came to a cumulative amount of about $441 billion for the three years through 2013 — didn’t include some tax evasion-techniques that weren’t on their radar at the time.
butterfly New estimates include the use of cryptocurrency, he said. Offshore tax evasion, illegal income that goes undetected by the IRS and underreporting from pass-through businesses also contribute to a larger than previously known tax gap, Rettig said.
“I think it would not be outlandish to believe that the actual tax gap could approach and possibly exceed $1 trillion per year,” Rettig told the Senate Finance Committee.
The ballooning difference between the tax dollars owed and what is actually collected by the IRS has become a point of focus on Capitol Hill, where a rising number of lawmakers are coming to see more aggressive tax enforcement as a way to boost government revenue.
butterfly Senate Finance Chairman Ron Wyden said the $1 trillion figure is “jaw dropping” and a “wake-up call” for lawmakers.
The Oregon Democrat said he’s already spoken with the committee’s top Republican, Senator Mike Crapo of Idaho, about bipartisan ways the address tax evasion.
Senator Rob Portman, an Ohio Republican, announced plans to introduce legislation to address crypto-currency users dodging taxes, and Massachusetts Democratic Senator Elizabeth Warren said she is working on a bill that would direct mandatory funding to the IRS so that the agency’s budget for auditors wouldn’t fluctuate year-to-year.
butterfly Enforcement Focus
President Joe Biden has proposed to strengthen corporate-tax enforcement as part of his proposal to pay for his $2.25 trillion, infrastructure-led spending plan. He also plans to outline individual-tax proposals in the coming weeks. Biden’s budget proposal last week also called for an additional $900 million for expanded audits.
Rettig said that an extra $1 billion for enforcement could let the IRS hire 4,875 front-line audit personnel and update computer systems to help identify fraud and tax evasion. He said rebuilding the agency’s auditing capability will be a multi-year process, after the IRS lost 17,000 enforcement-related employees in the past decade.
“We want to get there, but we do need your help,” Rettig said.
butterfly Strengthening tax-reporting requirements and the regulations overseeing tax-return preparers would help the IRS stop fraud and close the tax gap, Rettig said. About 99% of taxes are paid to the IRS when there is automatic withholding and reporting to the agency, but only 45% of what’s owed gets paid when those are lacking, he said.
butterfly Wealthy Evaders
Most individuals earn their income through wages, where taxes are automatically deducted from each paycheck. However, income from pass-through entities, such as partnerships and limited liability corporations isn’t subject to automatic withholding, giving the owners more opportunity to skirt tax obligations.
A study released last month, which included two IRS officials as authors, found that the richest 1% of Americans don’t report about 20% of their income to the government. Those individuals are able to use pass-through businesses and offshore structures to shield their income from the IRS’s view, the study said. Collecting that money would boost tax collections by $175 billion a year, the study found. SOURCE: BLOOMBERG
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 Tuesday AM 4-13-21
.Zig’s Place Chat and News Tuesday AM 4-13-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly Central Bank Governor Mustafa Ghaleb Mukhaif discussed with a delegation from the French Development Agency (AFD) ways of joint cooperation.
According to a bank statement, the governor emphasized the importance of international technical support to implement the financial and economic reforms presented in the white paper, proposing a meeting between the French Development Agency and the private banking sector to define the area ofjoint cooperation.
For its part, the French Development Agency expressed its desire to establish a branch in Iraq to increase cooperation, as well as to provide loans for service and productive projects of the Iraqi government, and to provide funding for the public and private sectors.
Zig’s Place Chat and News Tuesday AM 4-13-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly Central Bank Governor Mustafa Ghaleb Mukhaif discussed with a delegation from the French Development Agency (AFD) ways of joint cooperation.
According to a bank statement, the governor emphasized the importance of international technical support to implement the financial and economic reforms presented in the white paper, proposing a meeting between the French Development Agency and the private banking sector to define the area ofjoint cooperation.
For its part, the French Development Agency expressed its desire to establish a branch in Iraq to increase cooperation, as well as to provide loans for service and productive projects of the Iraqi government, and to provide funding for the public and private sectors.
It is noteworthy that the French Development Agency (AFD) is a public institution for development financing that works to combat poverty and promote economic growth in developing countries.
Butterfly .His info is the military & Trump are not shutting anything in the RV release down for Prince Philip’s funeral.................can someone explain that to me?
Sheila butterfly I am not understanding your posts. One about French and one about military/T./Prince.Philip.funeral? Please help me make the connections.
Sheila @butterfly only have few minutes before I really have to go away from laptop.
butterfly sheila the last post I made was from a guru and I would like to know how the military and Trump are connected with the Revaluing of the dinar.
Sheila butterfly okay,,, that's makes sense. Thx
Butterfly As my people I talked with last night they have heard nothing
Butterfly The only thing they have heard is that countries are having open arms to Iraq and to the USA. Also that DJT is not receiving any intel on anything, he has been cut off on getting any information. So my question is, since no one here can answer that question, where is Nick getting his information about the military and DJT relating to the dinar.
butterfly As it has been stated over and over the CBI of Iraq controls the decisions made on the dinar.
Dave :Morning: .......but CBI is controlling it in the opposite direction lately?
butterfly Really Dave ?
butterfly They are controlling it how they want to control it, not for us.
Dave Made 10 billion in 1 month aint bad......
Dave......the countries around them are now hugging them
Butterfly When have we heard that other countries dusted off the dust from their eyes and can see it ain't profiting them to be covered in all that dust.
Dave A boom in the exchange rate of the dollar in Iraq after the invitation of the World Bank April 13, 2021 Walter
butterfly I will say my oldest brother got his girl friend pregnant so he would not have to sign up....now that is tellin' ya it was way back. My other brother signed up and served.
butterfly Dave WHAT?
Doug_W 69 or 70?
butterfly Way before that. Remember I am an old broad. LOL
Doug_W I aint no spring chicken
Dave On Tuesday, the Central Bank identified ways to improve the ration card items, while noting the need for the government to support local industry and agriculture.
The Deputy Governor of the Central Bank, Ihssan Shamran Al-Yasiri, said in a statement to the official agency, which was followed by “Nass”, (April 13, 2021), that “one of the demands of the World Bank during negotiations to raise the exchange rate of the dollar is to reform the public financial departments, which are taxes, customs, levies and financing part of the financial savings Achieved in favor of the vulnerable classes, “stressing” the need to improve the ration card items to reduce the damage caused by adjusting the exchange rate. ”
He added that “it is possible to improve the ration card items by fighting corruption, and to reduce the waste of Iraqi money in corrupt deals, because most of the ration items are national production such as rice, sugar, flour, oil and tomato paste,” pointing out that “the government can invest the initiative to adjust the exchange rate.” Through more support for the local industry and agriculture after it obtained a competitive advantage of more than 23% against the importer of the products, and thus the importer is facing difficulty in competing with the local product. ”
He continued, “The World Bank suggested to the Central Bank of Iraq to amend the dollar exchange rate to 160 thousand dinars per 100 dollars, as it is the real price that the local market can settle on compared to neighboring countries,” noting that “the central bank, through its study of the market and the living situation, found that The current value of the exchange rate is 145,000 suitable, and has actually achieved the desired results in monetary policy.
https://www.nasnews.com/view.php?cat=57776
butterfly That is for Iraq Dave
butterfly When the dinar goes international, then we can get a few more heart beats.
Dave yep......an invitation in that headline
butterfly I need to get a new keyboard........grrr
butterfly Dave did you see the one I posted earlier?
Dave Nope?
butterfly Central Bank Governor Mustafa Ghaleb Mukhaif discussed with a delegation from the French Development Agency (AFD) ways of joint cooperation.
According to a bank statement, the governor emphasized the importance of international technical support to implement the financial and economic reforms presented in the white paper, proposing a meeting between the French Development Agency and the private banking sector to define the area ofjoint cooperation.
For its part, the French Development Agency expressed its desire to establish a branch in Iraq to increase cooperation, as well as to provide loans for service and productive projects of the Iraqi government, and to provide funding for the public and private sectors.
It is noteworthy that the French Development Agency (AFD) is a public institution for development financing that works to combat poverty and promote economic growth in developing countries.
butterfly baby steps..................... importance of international technical support
Dave What do the IMF and World Bank have in common?
Dave hearing from the WB .... been awhile......
Dave An invatation to join....just clean up....thought that interesting
Dave 75% improved.......lil weak and dizzy when moving about
Butterfly Prime Minister Mustafa Al-Kazemi attributed the reason for the high prices of commodities, especially foodstuffs, to the "greed" of some merchants, revealing at the same time the success of the Central Bank of Iraq in increasing the country's reserves of hard currency, the dollar.
During the Cabinet session held today, Al-Kazemi renewed the directives of the Ministry of Commerce to continuously work to provide more foodstuffs in the ration card and to make its best efforts, indicating: "The increase in commodity prices is mostly linked to the greed of some merchants and we have campaigns to prevent this price manipulation."
And he added, “We succeeded in increasing the central bank’s reserves of the dollar after the reform measures that we have taken.”
Regarding facing the Corona pandemic, he stressed: “The Ministry of Health has made an effort to provide vaccines for the Corona epidemic, and it is very important that there be encouragement for citizens to take the vaccine.”
butterfly The exchange rate of the dollar against the dinar on the local stock market increased significantly this afternoon, Tuesday.
The dollar rose to 1,490 dinars, and in Erbil, it rose significantly to 1494 dinars.
The price of the dollar was recorded this morning, 1470 dinars.
butterfly Oil prices rose on Tuesday, April 13th, after data from China showed an increase in the growth of imports of the second largest consumer of oil in the world.
By 7:00 Baghdad time, Brent crude futures were up 31 cents, equivalent to 0.5%, to $ 63.59 a barrel, while US crude futures increased 28 cents, or 0.5%, to $ 59.98 a barrel.
China's exports increased at the fastest pace in March, in a new impetus for the country's economic recovery with growing global demand in light of progress in vaccination with Covid-19 vaccines around the world, while import growth jumped to a four-year high.
Also, China's imports of crude oil jumped 21% in March from a low comparison basis for the same period a year ago, as refiners intensified activity amidst strong demand for fuel with a decline in the Covid-19 pandemic.
Doug_W Silver:$25.47 +0.54
butterfly Transport Minister Nasser Hussein Al-Shibli confirmed that the Faw port is an important economic project that will save Iraq and supplement its budget.
butterfly Central Bank: The importance of international technical support to implement financial and economic reforms
Central Bank: The importance of international technical support to implement financial and economic reforms
04-13-2021 01:04 PM The Governor of the Central Bank of Iraq, Mustafa Ghaleb, stressed the importance of international technical support to implement financial and economic reforms in the White Paper.
In a statement received by the Tigris, the central said, “His governor met with a delegation from the French Development Agency (AFD), and the two parties discussed ways of joint cooperation.”
The governor assured the delegation, “the importance of international technical support to implement the financial and economic reforms presented in the white paper, proposing a meeting between the French Development Agency and the private banking sector to define the area of joint cooperation.”
For its part, the French Development Agency expressed “its desire to establish a branch in Iraq to increase cooperation, as well as to provide loans for service and productive projects of the Iraqi government, and to provide funding for the public and private sectors.”
It is reported that the French Development Agency (AFD) is a public institution for development financing that works to combat poverty and promote economic growth in developing countries. dijlah.tv
Butterfly Basra Governor Asaad Abdul Amir Al-Eidani discussed with the Emirati company / Emaar and the international technical delegation accompanying it, in the presence of the President of the Investment Authority "Suha Al-Najjar" and the Mayor of Baghdad, "Alaa Maan" in the Ziggurat Palace in Baghdad, important investment and reconstruction projects in Basra.
The governor of Basra , Asaad Alaidani Media Center: The UAE Emaar is determined to set up an important and large projects in Basra, and already toured with them in the city and we visited a lot of places, sites and projects established in the province, to consider the direct possibility of acts of urban and investment. "
The Emaar Real Estate is a real estate development company based in the United Arab Emirates, which is the constructor of the tallest building in the world in Dubai (Burj Khalifa) and has many projects at the global level.
butterfly Prime Minister Mustafa Al-Kazemi chaired today, Tuesday, a regular session of the Council of Ministers, in which developments in the country were discussed, and the topics included in the agenda were discussed.
At the outset of the meeting, the Prime Minister extended his congratulations to the Iraqi people on the occasion of the blessed month of Ramadan, wishing that this holy month would be an opportunity for love and tolerance, calling for state institutions to double all their efforts in order to serve the citizen and meet his needs.
And Al-Kazemi said: "Following up on citizens' issues and needs and easing bureaucratic procedures are among the priorities of government work."
The ministers called for utmost efforts to provide for these needs.
The Prime Minister affirmed: "The government came to serve the citizens and face the great challenges facing the country and not for a political goal, and that it has succeeded in areas while others need increased follow-up and work," referring to the success of the reform measures taken by the government, some of which contributed to an increase The central bank reserves of the dollar.
He renewed his directives to the Ministry of Trade to work continuously to provide more food in the ration card, and to work with all its energy to achieve this matter.
Regarding the increase in the prices of some commodities, Al-Kazemi stressed: "Most of them are linked to the greed of some merchants, and we have campaigns to prevent this price manipulation."
butterfly On the Corona pandemic, he referred to the efforts of the Ministry of Health to provide vaccines against the Corona virus, stressing the importance of encouraging citizens and urging them to receive the vaccine.
The Minister of Health and Environment also presented a detailed report on the developments of the work of the Committee for the Promotion of Governmental Measures in the areas of prevention and control of health and awareness regarding limiting the spread of Coronavirus. He also reviewed the ministry’s efforts in the vaccination campaigns it carries out in the capital, Baghdad, and all governorates.
After the Council of Ministers discussed the topics on its agenda, it issued a number of decisions, including:
The two companies (Al Fakher for Commercial Agencies and Export Limited Liability, and Al Bashaer Commercial Limited) are considered dissolved by law, and the proceeds of the liquidation of the two aforementioned companies and their money devolve to the Ministry of Finance.
butterfly It was approved to issue the system of the first amendment to the system of parents and teachers councils No. (1) for the year 1994, based on the provisions of clause (third) of Article (80) of the constitution, taking into account the observations of the legal department in the General Secretariat of the Council of Ministers.
butterfly Iraq is poised to attract significant foreign investment into its energy sector, in tandem with expected higher revenues following the Opec+ decision to raise output that will help strengthen its weak fiscal position.
Baghdad, a founding member of Opec and the group's second largest producer, is forging ahead with a number of public and private sector transactions that the government hopes will shore up its finances after it was forced to devalue its currency last year.
Iraq's investment drive is in stark contrast to its fiscal position last year, when its economy was on the brink of collapse, with the public sector burning through $5 billion month on salaries for government servants.
Oil prices are nearly 50 per cent higher than six months ago and Iraq is allowed to increase crude output as Opec+ looks to bring 2 million barrels per day back in the markets by July.
The Covid-19 pandemic, combined with a decline in oil revenues last year from low global demand and Opec+ output cuts, dealt a severe blow to the country's rentier economy.
The economy contracted 10.9 per cent last year exacerbated by Opec+ curbs and is forecast to grow 1.1 per cent this year supported by a rebound in oil prices and higher Opec+ output quotas, according to the International Monetary Fund. The World Bank estimates the economy will grow slightly higher at 1.9 per cent this year, and expand 6.3 per cent over the next two years.
butterfly The rebound in oil prices, the Opec+ output increases for Iraq and government policies are helping shore up the country's foreign exchange reserves, which were strained last year. On Monday, Prime Minister Mustafa Al Kadhimi said Iraq's foreign reserves rose to more than $60bn and credited the increase to his government's efforts to wipe out corruption.
Though its ability to borrow was constrained last year after it exhausted all domestic options, Iraq's credit out look has also improved.
“Progressing and maintaining the fiscal consolidation will be critical for the sustainability of the economy in Iraq, despite the improvement in the oil price,” Jihad Azour the head of the IMF’s Middle East and Central Asia department, told The National. “The higher oil price is an opportunity to advance on some of the structural reforms that will allow to achieve a higher level of inclusive growth.”
Last month, Fitch Ratings affirmed the country's long term foreign currency issuer default rating at B-, while adjusting Iraq's outlook to stable from negative.
Regional investors are cautiously eyeing Iraq as a possible investment destination this year.
The Arab Petroleum Investments Corporation is currently assessing Iraq for possible investments in the traditional energy space as well as in renewables, according to its chief executive Ahmed Ali Attiga.
butterfly The multilateral lender, which is owned by the 10 members of the Organisation of Arab Petroleum Exporting Countries, is looking at financing projects in post-conflict oil producers such as Iraq and Libya and plans to disburse nearly $2bn this year.
"Iraq doesn't have the same credit profile [as the UAE or Saudi Arabia]. So they have to think of the mix of resources that they can mobilise including the support of other of multilateral financial institutions, particularly for larger projects in the energy space," Mr Al Attiga said in an interview.
Attracting private investments would be the most "sustainable source" of financing Iraq's government could possibly muster, he added.
On Sunday, Iraq's ministry of finance, General Electric and backers including the UAE's Etihad Credit Insurance finalised the terms on critical power infrastructure rehabilitation projects covering seven plants in the country.
The investment in repairs that will provide stable generation of up to 2.7 gigawatts, was backed by the UAE's export credit company, Etihad Credit Insurance. The ECI will insure GE's debt, provided by lender JP Morgan.
The announcement follows Mr Al Kadhimi's visit to the UAE last week, that saw the Emirates pledge $3bn in investment commitments to Iraq. Mr Al Kadhimi also visited Riyadh, which committed to a $3bn fund for development of critical projects in Iraq.
The regional support is crucial for Iraq, providing backing through the form of export credit financing for foreign investors looking to tap into the country's lucrative energy industries.
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