.Zig’s Place Chat and News Monday PM 6-7-21

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butterfly The Central Bank feeds electronic payment cards at the official rate of the dollar

The Central Bank sells the dollar at the official price for several categories

Banks Economy News _ Baghdad The Central Bank of Iraq announced, on Monday, that it provides facilities to citizens wishing to obtain foreign currency for the purposes of travel, study and treatment abroad, by selling it at the official price.

The bank said in a statement that "Economy News" received a copy of it, that "for the purpose of facilitating the procedures for citizens to obtain foreign currency (dollars) for the purposes of travel, study and treatment abroad, the Central Bank of Iraq announces that all their requests to buy dollars for the above purposes will be met."

.Zig’s Place News Monday AM 6-7-21

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butterfly Oil prices reach $72 a barrel

Monday 07, June 2021 09:21........Oil continued its gains to reach its highest level in several years, today, Monday, supported by more optimistic economic prospects and expectations of a rise in demand for fuel.

Brent crude futures for the month of August rose 28 cents, or 0.4 percent, to reach $72.17 a barrel. The price of US West Texas Intermediate crude, for the month of July, rose to about $70 for the first time since October 2018, recording $69.91 a barrel.

Analysts expect that global demand for oil will exceed supplies in the second half, despite the gradual easing of supply cuts by OPEC + producers.

.Zig’s Place Chat and News Sunday PM 6-6-21

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butterfly Iraqi Dinar/US Dollar auction results 6-6-2021 United States DollarThe results of the foreign currency sale window for Sunday 6/6/2021 and implemented today Announcement No. (4423) Sale date – Sunday 6/6/2021 and executed today the details the amount Total sale for the purposes of strengthening balances abroad (remittances, credits) 180,446,525 Total cash sale 26,700,000 total total sales 207,146,525

Note that: The selling price of the amounts transferred to bank accounts abroad is ( 1460 ) dinars per dollar. The cash sale price is ( 1460 ) dinars per dollar.

.Zig’s Place Chat and News Sunday AM 6-6-21

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Butterfly Mazhar Muhammad Salih: The rise in oil prices .. additional income to cover the deficit and compensation for borrowing

Sunday 06 June 2021 11:23 |...Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed that the rise in oil prices is an additional revenue to cover the deficit and compensate for internal and external borrowing. He told the National Iraqi News Agency ( NINA ): The differences in the prices of Iraqi sourced oil, whose prices exceed the price specified in the federal general budget of 45 dollars per barrel, is considered an additional cash income.

Saleh added that: this additional revenue flows into the balances of the federal general budget to fill the deficit gap in the annual budget, estimated at about 29 trillion dinars.

.Zig’s Place News Late Saturday PM 6-5-21

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butterfly Deputy Governor of Basra: The delay in disbursing the province's dues from the 2021 budget negatively affected 80% of infrastructure projects

Saturday 05 June 2021 19:53.........The Administrative Deputy Governor of Basra, Durgham Al- Ajwady , confirmed that the governorate was not funded with any financial sums related to the federal budget for this year, with the exception of routine operational allocations at a rate of 12/1.

Al-Ajoudi said in a statement carried by the media center: This procedure, which he described as "unfortunate", caused clear confusion, given that the budget was approved months ago, and the governorate and other governorates were not funded with their financial dues.

.Zig’s Place Chat and News Saturday AM 6-5-21
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Butterfly In the document.. a parliamentary request to host the governor of the Central Bank

Saturday 05 June 2021 ......A member of the Parliamentary Finance Committee, representing the Alliance / Sairoon / Majda Al-Tamimi, submitted a parliamentary request to host the Governor of the Central Bank, Mustafa Ghaleb, to discuss the reasons for the recent rise in the dollar exchange rate.

butterfly Al-Rafidain cancels the requirement to witness identification for citizens wishing to open accounts

Saturday 05 June 2021 10:42 ........Al-Rafidain Bank issued new instructions to facilitate procedures for citizens wishing to open savings and current accounts.

The bank's media office said in a statement: "The bank has canceled the requirement to witness identification for customers who wish to open current accounts, with the obligation to submit one supporting document when opening savings and current accounts."

.Zig’s Place News Late Friday PM 6-4-21

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butterfly An economic specialist for / Nina /: devaluing the dinar is an economic crime that will not bring economic benefit to the country, but rather the opposite

Friday 04 June 2021 11:57..........The specialist in managing economic crises, Ali Al-Fariji, confirmed that devaluing the dinar is an economic crime that the people have been victims of, indicating that it will not achieve economic benefit for the country, but rather the opposite.

.Zig’s Place Chat and News Friday 6-4-21

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

Dave Adviser to the President of the Republic: The money recovery law is implemented retroactively and an examination of suspicious wealth

Dave Baghdad / Obelisk: Abdullah Al-Zaidi, Advisor to the President of the Republic, explained, Thursday, June 3, 2021, the reasons behind the introduction of the “Stolen Funds Recovery” law.

.Zig’s Place Chat and News Wednesday PM 6-2-21

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Butterfly Stability in the Central Bank of Iraq’s dollar sales

2021-06-02 02:39 Stability in the Central Bank of Iraqs dollar salesShafaq News/ The Central Bank of Iraq’s sales of hard currency stabilized today, Wednesday, to record 196 million dollars.

Shafak News Agency correspondent stated that, during its auction for the sale and purchase of foreign currencies, the Central Bank witnessed a stability in its sales to reach 196 million and 716 thousand and 789 dollars, covered by the bank at a base exchange rate of 1460 dinars per one dollar, compared to yesterday, Tuesday, where sales amounted to 196 million and $376,000.

.Zig’s Place News Wednesday AM 6-2-21

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Butterfly For the first time since February 2020, Iraq achieves a monthly surplus in its financial budget

Wednesday 02 June 2021 11:40..........The Iraq Future Foundation for Economic Studies announced that Iraq achieved a monthly surplus in March of 2.1 trillion dinars, the first time since February 2020.

The head of the Iraq Future Foundation for Economic Studies, Manar Al-Obaidi, said in a statement to the institution that "the revenues of the Iraqi state for the month of March, according to the data of the Ministry of Finance, amounted to 7.2 trillion dinars, and oil revenues amounted to 6.1 trillion dinars, while total expenses amounted to 5.166 trillion dinars, and thus the amount achieved by the Iraqi state in the quarter The first of the year was 17.3 trillion dinars, and oil revenues amounted to 15.2 trillion dinars.