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

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

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

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."

He added, "The process is carried out by feeding electronic payment cards (MasterCard and Visa Card) at the official price set by the Central Bank of Iraq."   Views 7 Date added 07/06/2021

https://economy-news.net/content.php?id=25327

NORV   The above article on the CBI using Visa and Mastercard to issue dollars is a violation of the IMF's liberalized exchange rate regime. This will prevent them from acceptance into Article VIII if desired. It will though help curb corruption. So it's a catch 22... violate rules to curb corruption or continue with the corruption and meeting IMF conditions.

NORV  :Float:   :Float:   :Float:

Dave   ......wonder whom was suggesting that Iraq was even near ready to go art VIII.......further thought they fell out of compliance with their devalue..........?

NORV  No the devalue was not relevant. Any country has the right to adjust their exchange rate either up or down as it wishes. In fact,doing so, it put them in compliance with the 2% rule for a while.

NORV  As for Article VIII, the IMF charter requires countries that are in Article XIV to be striving for acceptance into article VIII. So they should always be trying to meet conditions and approval.

NORV  Of course this is a grey area but doing so only benefits Iraq by engaging with the world banking system.

Dave  no ninety day rule on changing the rates....?

butterfly  The Minister of Finance chairs the tenth session to prepare the federal budget strategy for the years 2022-2024    Monday 07, June 2021 16:54 ........Minister of Finance Ali Abdul-Amir Allawi chaired the tenth session of preparing the federal budget strategy for the years 2022-2024.

During today's session, the minister stressed: "Continue to link long-term goals with future budgets, stressing the need to pay attention to the education and education sectors."

Butterfly   Parliamentary Finance reveals to / NINA / details of preparing next year’s budget: No change in the currency exchange rate

Monday 07, June 2021 16:57....The Parliamentary Finance Committee revealed the details of preparing the draft federal budget law for the next year 2022.

In a statement to the National Iraqi News Agency ( NINA ), a member of the committee, Representative Jamal Kougar, said, “According to the Financial Management Law, the Ministry of Finance must decide on the budget in June and ask all governorates and ministries to submit their budgets to mid-August, and at that time the ministries of Finance and Planning are supposed to prepare the draft The priority for the budget law is to be submitted to the House of Representatives on October 15.”

He added, "The government has formed a ministerial committee to prepare the next year's budget with the participation of members of the Finance Committee within the budget law's meetings and discussions," noting that "if the elections are held on October 10, the next government will arrive until the formation of the new legislative session, assigning the largest bloc and granting confidence to the new cabinet, we will arrive."

Until next March, the discussion of the budget law will be automatically delayed at that time, "calling on the current government to submit the draft budget 2022 and be ready for discussion in the House of Representatives, if elections are held on schedule and a new government is formed.

And about the possibility of changing the exchange rate of the currency in the next year’s budget, he explained that “the current economic conditions do not allow the government to resort to such an option, and it is the exclusive prerogative of the Central Bank and no one else.”

butterfly  The Minister of Finance chairs the tenth session of preparing the federal budget strategy for the years 2022-2024 / expanded

Monday 07, June 2021 16:59 ............Minister of Finance Ali Abdul-Amir Allawi chaired, on Monday, the tenth session meeting of the committee for preparing the federal general budget strategy for the medium term 2022-2024, in the presence of the Prime Minister's advisors, the Undersecretary of the Ministry of Finance, the Ministry's advisor, and the general managers of the ministry and relevant ministries.

A statement by the Ministry of Finance said, "The committee discussed the strategic vision for the education sector for the medium term for the years (2022-2024) by the Ministry of Education."

The minister said: The interest in the education sectors of all kinds and levels, and the provision of a supportive and stimulating environment to raise the educational level will be among the priorities of the strategy of the upcoming budgets.

Allawi also stressed, "the need to pay attention to the education sectors and to discuss the challenges and difficulties facing the implementation of projects in the two sectors and ways to address them within the available financial resources and find solutions to address the delay in vital projects for the educational sector."

He added, "We will proceed to link long-term goals with future budgets to provide tools and procedures for preparation for financial departments and to prioritize activities to achieve the strategic objectives of the projects in proportion to the country's financial revenues."

Butterfly    Baker Talabani: Inviting Iranian companies to the Kurdistan region to coordinate and produce in the field of agricultural and water projects

Monday 07, June 2021 21:21 ......The Minister of Agriculture and Water Resources of the Kurdistan Regional Government, Bekird Talabani, called on Iranian companies to the region to coordinate and produce in the field of agricultural and water projects.

The website of the Patriotic Union of Kurdistan said: "A high-level delegation from the Ministry of Agriculture and Water Resources of the Kurdistan Regional Government met with prominent Iranian agricultural officials, regarding the drought and the problem of the waters of the Sirwan River and the Little Zab, whose source is Iran.

The Minister of Agriculture and Water Resources of the Kurdistan Regional Government, Bekird Talabani, said that during the meeting, which was attended by the Iranian Deputy Minister of Agriculture for Animal Products, Mortada Rezaei, and the majority of general managers, emphasis was placed on developing relations, coordination and marketing products, especially in the areas of agricultural production, animal husbandry, research on animals, and more. The level of production in terms of milk, red meat, poultry fields, honey, canned goods, and agricultural production projects through greenhouses.”

The minister added that, in another aspect of the meeting, there was talk about drought and the problem of the waters of the Siwan River and Little Zab, where they originate from Iran, referring to the invitation of Iranian companies. To the Kurdistan region for coordination and production in the field of agricultural and water projects.

butterfly  Digital Media Center: Digital wars start early among Sunni politicians in Iraq

Monday 07, June 2021 21:36..........The Digital Media Center (DMC) team monitored dozens of publications / paid for / and / funded / pages on the most famous social networking site Facebook, which include promotion and praise of a politician or a party or an attack, mockery and denigration of another politician from the political spectrum / Sunni / who They will participate in the upcoming parliamentary elections.

The center explained in a statement that: These pages and publications, on which thousands of dollars are spent, come in the context of a Sunni-Sunni struggle over positions in the next government, battles that are likely to appear also in the coming days between Shiite politicians.

The Center pointed out that: These pages are mostly run by offices and teams affiliated with politicians and large parties because they require financial spending and special budgets, and it is unlikely that they will be carried out by independent parties or young people who are financially incapable, because of their clear organization and lavish funding.

The Center pointed out that: The activity of these electronic armies, which represents a clear reflection of the Sunni-Sunni political dispute, had begun early in Iraq and five months before the elections, and therefore the projection digital election campaigns are premature.

The Center indicated that: The activity of these armies has preceded its Shiite counterpart, and it is expected that it will begin in the next few weeks, during which the platforms will be full of funded political advertisements.

On the second of last May, the Digital Media Center (DMC) called on Facebook and Twitter to cancel political advertisements on their platforms before the Iraqi elections in order to prevent voter misleading and contribute to the success of the Iraqi elections scheduled for next October 10.

PM butterfly   Iraqi Dinar/US Dollar auction results for 6-8-2021 executed today

25k Iraqi Dinar notesThe results of the foreign currency sale window for Tuesday 6/8/2021 and implemented today    Announcement No. (4425)    Sale date – Tuesday 6/8/2021 and executed today the details  the amount

Total sale for the purposes of strengthening balances abroad (remittances, credits)

165,845,875  Total cash sale    42,850,000   total total sales   208,695,875

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.    cbi.iq/currency_auction/view/1040

Butterfly   Iraqi Dinar/US Dollar auction results 6-7-2021 -  United States DollarThe results of the foreign currency sale window for Monday 6/7/2021 and implemented today

Sale date – Monday 6/7/2021 and executed today the details   the amount

Total sale for the purposes of strengthening balances abroad (remittances, credits)

176,269,438  Total cash sale   35,900,000   total total sales   212,169,438

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.    cbi.iq/currency_auction/view/1039

butterfly   A deputy calls on the governor of the Central Bank to stop the “corruption of the currency auction”

2021-06-07 | 06:14   A deputy calls on the governor of the Central Bank to stop the corruption of the currency auctionToday, Monday, Representative Alia Nassif warned against the continuation of what she called the sabotage role played by the currency auction, and while she indicated that a group of traders acquires the lion’s share of dollar sales and achieve crazy profits at the expense of the Iraqi people, she called on the governor of the Central Bank to implement a campaign to reform and root out spoilers .

Nassif said in a statement received by Alsumaria News, “The rise in dollar prices despite the high sales of the daily auction of the Central Bank, is caused by the monopoly of sales by three people who own well-known banks, and these get the largest share of dollar sales in collusion with some corrupt.”

And she added, “The sales of the Central Bank, for example, for the period from 4 / 11 to 6 / 4 / 2021 are up to (6162125) dollars (six billion one hundred and sixty-two million and one hundred and twenty-five dollars) and for 33 working days (excluding holidays and holidays),” she pointed out.

The three merchants acquired most of these sales, as the first (who owns three banks) got 850 million dollars out of the six billion sold by the central bank, the second (a bank owner) got 264 million dollars, and the third (the owner of a Kurdish bank) got 200 Million dollars,

noting that these three dominated the currency auction in the last three months of last year that preceded the rise in the dollar price because they were aware that it would rise, and therefore their banks obtained approximately two billion dollars to resell it after raising its price by the state, meaning that they bought The dollar was worth 119 dinars and they sold it for more than 140 dinars.”  alsumaria.tv

butterfly   Parliamentary Committee: The Oil and Gas Law is clinically dead and awaiting revival between Baghdad and Erbil   2021-06-07 05:51  

Parliamentary Committee - The Oil and Gas Law is clinically dead and awaiting revival between Baghdad and ErbilShafaq News/ The Parliamentary Oil and Energy Committee confirmed, on Monday, that the oil and gas law is one of the important laws and difficult to pass in Parliament, while indicating that the law is clinically dead and will not see the vote.

Committee member Ghaleb Muhammad told Shafaq News Agency, “The oil and gas law is one of the important laws in the House of Representatives and has been suspended since the first session, and it is not possible to vote on the law in light of the differences and political conflicts between the federal governments and the Kurdistan Region.”

Muhammad added, “The oil and gas law is considered clinically dead in Parliament, and the vote will not be seen in either the current parliamentary session or the next session, given that the Kurdistan Region’s oil is the basis of the main problem with the law.”

He pointed out that “Article 111 of the constitution states that oil belongs to all Iraqis, and any new fields are managed in partnership between the local authority and the center, but this did not happen with the fields of Kurdistan.”

The ministries of oil and energy in the Erbil and Baghdad governments are keen on the need to expedite the passage of the oil and gas law because of its importance in regulating the management of oil and gas wealth in Iraq.

On May 22, 2021, the Kurdistan Democratic Party’s parliamentary bloc revealed the existence of a preliminary agreement for the political forces to resolve the oil and gas law in Parliament, before the end of its current session.

This came after political blocs, including Kurdistan, submitted their observations on some articles of the law to the Parliamentary Oil and Energy Committee, in preparation for its passage in Parliament.

butterfly   Adviser to the Prime Minister reveals to Al-Furat News the reason for the rise of the dollar… and warns    06/07/2021 09:55:53   Adviser to the Prime Minister reveals to Al-Furat News the reason for the rise of the dollar... and warnsThe Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Salih, revealed the reason for the recent rise in the dollar exchange rate in local markets.

Saleh told {Euphrates News}, that “many situations and factors are not easy in the rise in dollar exchange rates, and they are also factors related to market behavior,”

noting that “there are monopolistic factors and speculators that raise dollar prices, and there are no efficient markets, which are weak and deal in monopolistic ways, but the central bank has Of the sufficient precautions that intervene in the market and impose the stable price of 1450 dinars with simple deductions.”

He added, “These are additional downloads, and they are a simple commission that is allowed globally, and the local market always differs from the official dollar market by 2%, and it is a simple cost between the two prices of the central and local banks.”

Saleh warned against “reducing the sales of the Central Bank with the presence of such monopolistic incubators in the market because prices will rise a lot and affect the citizen, and if the bank’s sales increase, the voices will be louder than the presence of sales that exceed the needs.”

butterfly  He explained, “The cash cost issued by overrun is covered in foreign currency,” stressing “giving freedom and complete independence for the Central Bank from interfering with the matter of maintaining stability in the purchasing power of the Iraqi dinar.”

It is noteworthy that the local markets and stock exchange prices throughout the country have witnessed during the past few days a continuous rise of the dollar and sometimes exceeded 1500 dinars against one dollar, i.e. a difference of 500 dinars from the price set by the Central Bank of Iraq {1450 dinars} since the beginning of this year.    alforatnews.com

butterfly   Economist: The telecommunications sector can finance the budget by 4 trillion per month

Monday 7 June 2021 | 09:13 am   Economist - The telecommunications sector can finance the budget by 4 trillion per monthEconomic expert Wissam Al-Tamimi clarified, on Monday, that the government is far from the telecommunications sector, and did not invest it for its own benefit, pointing out that this sector will spare the country from oil imports and can supplement the budget with a maximum of four trillion dinars per month .

Al-Tamimi said, “Recent statistics indicated that mobile phone companies receive monthly, in total, approximately 6 trillion dinars, while Iraq does not receive any revenue from these companies, except for some taxes and licenses .”

He added, “If the government were able to control the telecommunications sector and the companies operating in it, it would be able to achieve a revenue of up to 4 trillion dinars, during the first years of controlling this sector, provided that it would reach 6 trillion dinars after exceeding the year or calculating the increase in the number of subscribers “.

Al-Tamimi explained, “The telecommunications stream is equivalent to oil or a little less than it, while the telecommunications companies are controlled by political parties and influential figures in the state, and thus the budget deficit continues and the dollar rises due to dependence on the almost only resource, which is oil.” aynaliraqnews.com

butterfly   The Iraqi Central announces an initiative to sell the dollar at the official price into three categories

Monday 7 June 2021 | 10:15 am    The Iraqi Central announces an initiative to sell the dollar at the official price into three categoriesOn Sunday, the Central Bank of Iraq announced an initiative to sell the dollar according to the official price into three categories .

He said in a statement, that “for the purpose of facilitating the procedures for citizens to obtain foreign currency (dollars) for the purposes of travel, study and treatment abroad, it is announced that all their requests to purchase dollars for the above purposes will be met by feeding electronic payment cards (MasterCard and Visa Card) at the official price specified by the before the Central Bank of Iraq .  

The exchange rates of the dollar in the Iraqi local markets are witnessing a remarkable rise, exceeding the official exchange rate     aynaliraqnews.com

Butterfly   The dollar recorded an unprecedented rise in the Iraqi local markets

2021-06-07   The dollar recorded an unprecedented rise in the Iraqi local marketsToday, Monday, the dollar exchange rates recorded an unprecedented rise in the main stock exchange in Baghdad and in the local markets.

And the prices on the Al-Kifah and Al-Harithiyah Central Stock Exchange in Baghdad rose today, 149.900 Iraqi dinars, compared to 100 US dollars, after recording yesterday 149.600 dinars.

While the selling prices in money exchange shops in the local markets in Baghdad increased to 150,500 Iraqi dinars, while the purchase prices amounted to 149,500 dinars per 100 US dollars.   burathanews.com

Sheila   @butterfly back today... Thank You so much for posting all these articles!

butterfly   sheila You are welcome and hopefully people take the time to read them.

Sheila  butterfly I certainly do. If I miss them here, I catch them reposted on DinarRecaps.

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 News Monday AM 6-7-21

Zig’s Place News Monday AM 6-7-21

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

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.

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

Monday 07, June 2021 10:18.............The Central Bank of Iraq announced, today, Monday, that all requests to purchase the dollar for the purposes of travel, study and treatment abroad will be met by feeding electronic payment cards (MasterCard and Visa Card) at the official price specified by the bank.

butterfly  The dollar continues to rise against the dinar on the local stock exchange

Monday 07, June 2021 10:52.....The dollar exchange rates rose today, Monday, on the main stock exchange in Baghdad and the Kurdistan region.

And the dollar exchange rate on the Central Kifah and Al-Harithiya Stock Exchange in Baghdad recorded 149,900 Iraqi dinars, compared to 100 US dollars.

The Central Kifah Stock Exchange recorded 149,600 dinars when it opened yesterday morning.

The selling price of the dollar in the local market in Baghdad was 150,500 dinars, and the purchase price was 149,500 dinars for every 100 US dollars.

The price of the dollar also recorded an increase in the Kurdistan region, as the selling price reached 150,200 dinars and the purchase price was 150,000 dinars for every hundred US dollars.

butterfly  Gold prices in the Iraqi market are approaching the barrier of 400 thousand dinars per weight

Monday 07, June 2021 11:42....Gold prices have stabilized in the local market, to record the selling price of one 21 carat weight of Gulf, Turkish and European gold at 393 thousand dinars, while the purchase price reached 388 thousand dinars.

While the selling price of one 21 carat weight of Iraqi gold reached 363,000 dinars, while the purchase price was 358 thousand dinars.

The gold prices in the goldsmithing shops ranged between 395 thousand and 400 thousand dinars for the weight of 21 karat Gulf gold, between 365 thousand and 375 thousand dinars for Iraqi gold.

It is equal to one mithqal of gold (five grams).

butterfly  Al-Rafidain Bank announces the disbursement of a new batch of the predecessors of employees and members of the security forces

Monday 07, June 2021 11:50 .........Al-Rafidain Bank announced the disbursement of a new batch of the advances of employees and members of the security forces.

The media office of the bank confirmed that the advances will continue to be granted to employees and members of the security forces through the bank's branches located in Baghdad and the provinces.

butterfly  Finance announces the start of the release of the entitlements of farmers marketing the wheat and rye crops for the current year

Monday 07, June 2021 14:11.......The Ministry of Finance announced today, Monday, the start of releasing the entitlements of farmers marketing the wheat and rye crops for the current year.

The Ministry's media office stated in a statement that under the guidance and follow-up of Minister of Finance Ali Allawi, the Accounting Department has begun procedures for disbursing the entitlements of farmers marketing the wheat and rye crops for the year 2021.

butterfly   British Foreign Secretary to visit Baghdad tomorrow / Expanded

Monday 07, June 2021 14:24.........Spokesman for the Ministry of Foreign Affairs, Ahmed Al-Sahaf, announced today, Monday, that the British Foreign Secretary will visit the capital, Baghdad, tomorrow, Tuesday.

Al-Sahaf said in a statement, "The British Foreign Secretary Dominic Raab will arrive tomorrow, Tuesday, in Baghdad for an official one-day visit.

He added that the British minister will meet with the President of the Republic, Barham Salih, Prime Minister Mustafa Al-Kazemi, Speaker of Parliament Muhammad Al-Halbousi, in addition to the Minister of Foreign Affairs." Fouad Hussein./End of p

Butterfly   Alia Nassif: Three people get the largest share of dollar sales in collusion with some corrupt people

Monday 07, June 2021 13:03......Representative of the State of Law coalition, Alia Nassif, warned against the continuation of the sabotage role played by the currency auction, indicating: "A group of traders acquires the lion's share of dollar sales and achieve insane profits at the expense of the Iraqi people, calling on the Governor of the Central Bank to implement The campaign to reform and root out spoilers, and said in a statement today: "The rise in dollar prices, despite the high sales of the daily auction of the Central Bank, is caused by the monopoly of dollar sales by three people who own well-known banks, and these get the largest share of dollar sales in collusion with some corrupt." .

And she indicated: “The sales of the Central Bank, for example, for the period from 4/11/ to 6/4/2021 amounted to (6162125) dollars and for 33 working days (excluding holidays), and the three merchants acquired most of these sales, as the first (which Three banks) owned $850 million of the six billion sold by the Central Bank, the second (bank owner) received $264 million, and the third (the owner of a Kurdish bank) received $200 million,” noting: “These three controlled the auction.

The currency in the last three months of last year that preceded the rise in the price of the dollar because they were aware that it would rise, and therefore they hit their strike and their banks got nearly two billion dollars, to resell it after raising its price by the state, that is, they bought the dollar for 119 dinars and sold it for more from 140 dinars.

butterfly   Nassif added: “Since holding these merchants and employees accomplice to them is almost impossible because they are an octopus that extends even to Parliament, to the point that dismissing a minister or dismissing a government is easier than holding them accountable, the alternative solution is for the governor of the Central Bank to implement a campaign to reform and eradicate the corrupt and stop the wheel of corruption In the currency auction in one way or another, and to stop this attrition that destroyed the Iraqi economy, and if it is not stopped, poverty will increase to reach dangerous levels, knowing that the high price of the dollar serves all the corrupt and burdens the poor.”

butterfly  The Station announces Collaboration with Baghdad Legal Firm.......7th June 2021 in Iraq Industry & Trade News.............The Station Foundation for Entrepreneurship announces a collaboration with the law firm Al Muhamoon Al Mutahidoon.

According to a statement from The Station, this collaboration arose from the two parties' desire to collaborate in an effective manner in order to support startups, particularly those located in The Station's coworking space, for the necessary and best compliance with the effective laws in Iraq, as well as developing and organizing the legal documents required by these companies and startups.

The agreement was signed by Ammar Al-Khatib, Executive Director of The Station Foundation for Entrepreneurship, and Hiba Basim, Partner and Management and Accounts Manager at Al Muhamoon Al Mutahidoon. https://the-station.iq/blog/75

butterfly   Petrel Resources' Focus will be Iraq......7th June 2021 in Iraq Oil & Gas News......In its preliminary results for the year ended 31st December 2020, Petrel Resources made the following statement on its interests in Iraq:

"Meanwhile Petrel continues to push its interest in Iraq and Ghana. For the foreseeable future oil will play a major part in world economic development.

"Iraq has some of the best oil deposits in the world. In a stable era Iraqi oil production would be 2 or 3 times the current under 4 million barrels a day.

"For more than 20 years Petrel has been in Iraq. Activities have languished in year past but the addition of an Iraqi director, Riadh Mahomud Hameed and the contact of French investors led to a re-opening of contacts.

"It has been, and remains a difficult and dangerous place to explore. Led by Riadh we are putting exploration proposals to the authorities. We are particularly keen to revisit the Merjan field where we earlier produced development proposals ..."Our focus in the immediate future will be Iraq"  (Source: Petrel Resources)

butterfly  LUKoil announces Plans for Iraq's Block 10..............7th June 2021 in Iraq Oil & Gas News.........The head of Russia's LUKoil has said that the company plans to start production at Iraq's Block 10 at the end of 2022 or in 2023.   Vagit Alekperov (pictured) told a Reuters that output will start at 30,000 barrels per day (bpd). The field is being developed by LUKoil (60%) and Inpex (40%)   (Source: Reuters)

Butterfly   Revealing the new Internet packages in Iraq and their prices

06/07/2021 ..............{Economic: Al Furat News} The Ministry of Communications revealed the new supported Internet packages.

The communications said that "there are prices for Internet packages, which are (bronze) will be 35,000 dinars, (silver) 40,000 dinars, (golden) 50 thousand dinars, and the joystick 50 thousand dinars.

She stressed that "all these prices are subsidized by the Ministry of Communications."

The Ministry of Communications, last Thursday, denied the existence of an increase in the prices of Internet services.

Ministry spokesman Raad al-Mashhadani told {Euphrates News}, "The Ministry of Communications has previously noted that there is no increase in the fees of cards, whether for the Internet or optical cable, and that an Iraqi ministry works in Iraqi dinars and has nothing to do with the rise in the exchange rate of the dollar."

butterfly  Disclosure of an Iraqi car industry project

06/07/2021.........{Economic: Al Furat News} The Ministry of Industry and Minerals announced a competition for an external design for the manufacture of an Iraqi car.

A statement by the ministry said, "The General Company for the Automobile and Equipment Industry announces the organization of a competition for young people of both sexes to develop an exterior design for a car that has Iraqi specifications and touch."

She called on those wishing to participate to send designs via the company's official mail {click here } with personal data {name, address and contact numbers}, and there will be a rewarding reward and other incentives for the three winning designs.

The industry pointed out that "receipt of the designs will continue for a period of two months from the date of publishing the advertisement."

butterfly  The Central Bank issues a decision on the dollar

06/07/2021......{Economic: Al Furat News} Today, Monday, the Central Bank of Iraq issued a decision regarding the dollar in the country.

A statement said that the agency {Euphrates News} received a copy of it, “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 announces that all their requests to purchase dollars for the above purposes are met by feeding electronic payment cards (MasterCard and Visa). Card}".

And he indicated that the sale via cards will be "at the official price specified by the Central Bank of Iraq."

butterfly   ...........INTERESTING......... POSTING AGAIN.............The Central Bank reveals its total foreign currency reserves

03/16/2021.........{Baghdad: Al Furat News} The Central Bank of Iraq revealed that its total foreign currency reserves amount to approximately 56 billion dollars, stressing that it maintains the stability of exchange rates in the markets through the use of its various monetary tools.

An official source in the Central Bank of Iraq said in a press interview, that "foreign reserves are still within the limits of sufficiency," and indicated that "the total foreign reserves decreased by approximately 20% during the year 2020."

He pointed out that "gold holdings amount to $5.703 million, and there are no plans to increase investment in gold in light of the continuing impact of the crisis," explaining that "the Chinese yuan currency is one of the currencies invested in foreign reserves."

The source stated, "The Central Bank of Iraq maintains the stability of exchange rates in the markets by exploiting its various monetary tools, the most important of which is the foreign currency sale window, which aims to finance imports of goods and services, according to the provisions of the Central Bank of Iraq Law No. 56 of 2004 in Article 28/b (simple unconditional buying and selling of foreign currency), in a manner that maintains acceptable rates of inflation.

Butterfly  continued...............

The source attributed the reason for the decline in the price of the dollar in the markets, especially last month, from the price set in the bank, saying: “The decline in the exchange rate of the US dollar in the local markets from the official selling price approved after the price change by the bank at the end of December of the year 2020, due to the fact that the change in the exchange rate initially formed a shock to the local market that required an adjustment period to make the settlements that took place between each of the merchants (wholesale, retail, singular) and the settlements of wholesalers with banks, as imports decreased to severe levels, and thus decreased demand for foreign currency.

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 6-6-21

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

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

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.   cbi.iq/currency_auction/view/ 1038

butterfly   Erbil will send two “important” files to Baghdad this week 

15:38 – 06/06/2021  Erbil will send two important files to Baghdad this weekInformation / Baghdad.

The spokesman for the Kurdistan Regional Government, Jutiar Adel, announced, on Sunday, that the region will send two files to Baghdad, expressing his hope that Baghdad will send the financial dues to the region.

Adel said in a press conference, that “two important files will be sent this week to Baghdad,” explaining that “one of them includes the expenses of oil production in the region, and the other is related to the issue of non-oil imports.”

Adel expressed his hope to “implement the federal budget file soon, and send the Kurdistan region’s financial dues according to what was stated in the budget law.” finished/25h   almaalomah.org

butterfly   After more than 30 years… Lifting international sanctions on Iraqi tankers

06-06-2021 01:28 PM  After more than 30 years... Lifting international sanctions on Iraqi tankersThe Ministry of Transport announced, on Sunday, the raising of the Iraqi flag over the Iraqi tankers Al-Qurna and Al-Asma’i, after lifting the sanctions imposed on Iraq in the nineties of the last century on all marine tankers.

The Minister of Transport, Nasser Al-Shibli, during a press conference held in the ports of Umm Qasr, that long discussions took place to achieve ways Compliance with the International Ship and Port Security Code (ISPS code), during which the sanctions imposed on Iraqi marine tankers were lifted during the nineties of the last century, after the approval of international maritime organizations, the Iraqi flag was raised high on Iraqi tankers.

He added that the two tankers Al-Asma’i and Al-Qurnah, owned by the General Company for Maritime Transport, were transferred from the Jordanian registration port to the registration port in Basra, and the Iraqi flag was raised on them after the completion of docking and maintenance, and the tanker’s validity for commercial work, which is documented by international and binding certificates for commercial work and according to the requirements of the flag state (Iraq).  dijlah.tv

butterfly   The world’s possession of gold has increased, and Iraq has not increased its reserves since September 2020

2021-06-06 00:06  The worlds possession of gold has increased and Iraq has not increased its reserves since September 2020Shafaq News/ The World Gold Council announced, on Sunday, a rise in world gold reserves, indicating that Iraq has not increased its gold reserves since September 2020.

The council said in its latest schedule in June of 2021, which was seen by Shafak News Agency; Iraq has increased its reserves of the yellow metal to 35,394 thousand tons, an increase of 69.4 tons over the previous month.

He added, “The increase in gold reserves came from five central banks, as Thailand made the largest purchase of gold during the month, adding 43.5 tons, and bought Turkey (13.4 tons), Uzbekistan (8.4 tons), Kazakhstan (4.6 tons) and Kyrgyzstan (3.8 tons), indicating The only sellers are Russia and Germany, where the Russian gold reserves decreased by 3.1 tons and the sale of it was related to the mint, and the German gold reserves decreased by 1.3 tons, which is also related to the mint.”

He pointed out that “Iraq maintained its 38th rank globally out of the 100 countries listed in the table with the largest gold reserves in the world, and ranked fifth in the Arab world after Saudi Arabia, Lebanon, Algeria and Libya,” noting that “it has not bought gold since September of 2020, when it bought an amount As few as 0.1 tons, while he bought 6.5 tons in September 2018.

butterfly   He added that “the United States of America still ranks first in the world’s largest gold reserves with 8,133 thousand tons, followed by Germany with 3,361 thousand tons, while the list was followed by Suriname with 1.5 tons, preceded by Yemen by 1.6 tons.”

It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world.

Dave   After more than 30 years… Lifting international sanctions on Iraqi tankers........

Dave  Finally..........almost have a port finally completed to berthe that tanker....

Dave  Now wonder if Iraq will join the WTO........now that they can fly a flag?

Dave   but expect they would require an internationally tradeable currency to do that?

Butterfly   An economic specialist for / Nina /: The high rate of poverty in Iraq to 52% is frightening and dangerous

Sunday 06 June 2021 19:44..............The specialist in managing state institutions in crises, Ali Jabbar Al-Fariji, confirmed that the high poverty rate in Iraq to 52% is frightening and dangerous.

Al-Fariji said in a statement to the National Iraqi News Agency / NINA / that "the reports of the United Nations, the International Monetary Fund, and the World Bank read poverty in Iraq at shameful rates, indicating that the income of more than 4.2 million people below the poverty line is added to the rates of the 7.5 million people who were basically Among the poverty rates in Iraq during the stage of the Covid-19 crisis, the drop in oil sales rates, and the change in the exchange rate of the dollar against the Iraqi dinar,

he pointed out that “the poverty rate in Iraq doubled in the year 2020, where 40% of the population of 40 million, is considered poor according to the World Bank.

He explained that "the global poverty line rate depends on $ 1.9 per person per day globally, and this is what the Ministry of Planning adopts, which is a mistake, indicating that the poverty line criterion is variable according to the possibility and revenues of countries as well as the rates of wealth - for example in America, the poverty rate line is completely different, as it reaches 11.5 $ per person per day.

butterfly   He added, "According to the report of the Ministry of Planning, the poverty rate in Iraq is 22 percent, at an average of $1.9 dollars per person per day, and these rates are an attempt to beautify the situation and escape from the real rates."

He stressed that "a rate of $ 5.5 per person today in Iraq must be calculated by virtue of Iraq's revenues and capabilities, as it is classified among the rich countries with its income and cash reserves, and with this criterion, the poverty rate in Iraq rises to 52%, which is a frightening and dangerous number, in addition to poverty rates another serious problem, which is that 42% of the population are classified as vulnerable groups, as they face a higher risk of being deprived in terms of many dimensions (education, health, public services), according to the report of the Food and Agriculture Organization "FAO" and the World Food Program.

It is noteworthy that the International Monetary Fund warned of the high rates of poverty in Iraq in the event of raising the value of the dollar against the Iraqi dinar.

butterfly   The Minister of Industry and Minerals discusses with the Bulgarian Chargé d'Affairs activating the prospects for cooperation and investment

Sunday 06 June 2021 20:38......The Minister of Industry and Minerals, Manhal Aziz Al-Khabbaz, discussed today, Sunday, with the Bulgarian Chargé d'Affairs Valentin Nikolov, aspects of cooperation in the industrial field.

A statement by the ministry stated that the two sides discussed during the meeting preparations for the upcoming visit of the Minister of Industry with a high-ranking ministerial delegation to Bulgaria, where they discussed the program of the visit and the bilateral meetings it would include with the Bulgarian Minister of Industry and Economy to activate the prospects for cooperation in the fields of industry, economy and investment and to present investment opportunities and successful experiences in this The field and the formation of a committee from both ministries to be a nucleus and a first step to move towards strengthening industrial and economic cooperation between the two countries.

During the meeting, the minister pointed out that "Bulgaria has an active and significant role and presence in the old Iraqi industrial and military industrial sector, and that the ministry looks forward to activating and increasing this cooperation in various industrial fields in line with the government's tendency to open up to all countries to contribute to the development of all sectors, including industrial, agricultural and commercial,"

pointing out The ministry is seeking to restore life and operate Iraqi factories in cooperation with all countries, including Bulgaria, expressing readiness to provide all possible facilities and forms of support to make the visit successful and activate cooperation in a way that achieves the common interests of the two friendly countries and peoples.

butterfly  For his part, the Bulgarian Chargé d'Affairs affirmed his country's keenness to strengthen relations with Iraq at all levels and establish promising projects that serve both countries, expressing readiness to cooperate with the ministry and contribute to the development of industry and the implementation of construction and reconstruction projects.

butterfly   The Minister of Foreign Affairs calls on Danish investment companies and businessmen to invest in Iraq

Sunday 06 June 2021 20:49........Minister of Foreign Affairs Fouad Hussein called on Danish investment companies and businessmen to invest in Iraq,and a statement by the ministry stated that "the Foreign Minister met today, Sunday, with the Danish Foreign Minister Jeppe Kofod, and discussed with him bilateral relations and upgrading them in all fields, especially economic and trade

The statement indicated that the two sides discussed a number of regional and international issues of common concern, and the importance of continuing efforts to stabilize stability,

and the Minister expressed his thanks to the Danish government for the occasion of opening its embassy in Baghdad after its ambassador was named.

He also valued Denmark's positions in support of Iraq in its war against the terrorist gangs of ISIS, calling for the importance of continuing support until the idea that produced this terrorist gang is eliminated, praising the support provided by Denmark within NATO to the Iraqi security forces at the level of training, and the reconstruction of the liberated areas, which It was destroyed by ISIS terrorist gangs.

The minister called on the Danish side to encourage Danish investment companies and businessmen to invest in Iraq; Because it represents a fertile and promising investment environment, noting that Denmark is an agricultural country, but it is industrial at the same time, and it can help Iraq in various fields, including agriculture and industry.

For his part, the Danish Foreign Minister affirmed his country's support for Iraq, and its keenness to consolidate bilateral relations, noting his country's commitment with NATO to support Iraq in its war against ISIS.

butterfly   Al-Kazemi and Bafel Talabani stress the need to adhere to the constitutional foundations to solve problems between the region and the federal government

Sunday 06 June 2021 21:29.........Prime Minister Mustafa Al-Kazemi received the co-chair of the Patriotic Union of Kurdistan, Bafel Talabani.

During the meeting, according to the website of the Patriotic Union of Kurdistan, it was stressed the need to adhere to the constitutional foundations to solve all outstanding problems between Baghdad and Erbil, to overcome political, economic and security challenges and to find an appropriate mechanism to send financial dues to the Kurdistan Region within the framework of the provisions of the budget law to provide and guarantee salaries employees of the region.

” Talabani stressed the importance of strengthening relations and cooperation between the institutions of the central government and the Kurdistan region to implement the government program, in order to provide better services to citizens and bring about radical reforms in the state administration.

Arabs and Turkmens of Kirkuk reject the changes in the office of the Electoral Commission in the province

Sunday 06 June 2021 21:55....The Turkmen Front and the Arab Council expressed their rejection of the administrative changes within the Kirkuk office of the High Electoral Commission, describing them as "unbalanced" and calling for their cancellation.

Hatem Al-Tai, spokesman for the Arab Council, said in a joint statement that was read in a press conference: "The planned changes within the IHEC office are a clear violation of the constitution.

" The spokesman for the Arab Council continued, saying: "It is not acceptable that the administration of the Commission and the position of the first person in the office remain in the hands of one component, and the role of the Arab and Turkmen components in the management of the commission's office is marginalized."

butterfly   Abadi calls for the expulsion of Turkish forces from Iraqi territory through dialogue

Sunday 06 June 2021 22:13.....The head of the Al-Nasr coalition, Haider Al-Abadi, called for the expulsion of the Turkish forces from Iraqi lands through dialogue.

Al-Abadi said, in televised statements: "We welcome Iraq's openness to its Arab surroundings, and we reject the use of Iraq to launch attacks on neighboring countries."

He stressed, "Attacks on the international coalition forces are unacceptable," stressing that the Turkish forces must be expelled from Iraqi territory through dialogue.

butterfly   Al-Abadi calls for the withdrawal of the Turkish forces through dialogue, and rejects the "political agenda" within the popular crowd / Expanded

Sunday 06 June 2021 22:27......The head of the Al-Nasr coalition, Haider Al-Abadi, called for the expulsion of the Turkish forces from Iraqi lands through dialogue.

Al-Abadi said, in televised statements: "We welcome Iraq's openness to its Arab surroundings, and we reject the use of Iraq to launch attacks on neighboring countries."

He stressed, "Attacks on the international coalition forces are unacceptable," stressing that the Turkish forces must be expelled from Iraqi territory through dialogue.

Regarding the Popular Mobilization, the former Prime Minister announced his rejection of the political agenda within the Popular Mobilization.

He said in this regard: "We want the crowd to be under its command. The Commander-in-Chief,” indicating: “People within the crowd are working in combination to carry out the work under the command of the commander in chief.

” He added: And the elections, said: "The postponement of the early elections in Iraq is unthinkable , " calling for the participation of a wide where for change.

butterfly  Erbil will send two “important” files to Baghdad this week

15:38 – 06/06/2021   Erbil will send two important files to Baghdad this week Information / Baghdad.

The spokesman for the Kurdistan Regional Government, Jutiar Adel, announced, on Sunday, that the region will send two files to Baghdad, expressing his hope that Baghdad will send the financial dues to the region.

Adel said in a press conference, that “two important files will be sent this week to Baghdad,” explaining that “one of them includes the expenses of oil production in the region, and the other is related to the issue of non-oil imports.”

Adel expressed his hope to “implement the federal budget file soon, and send the Kurdistan region’s financial dues according to what was stated in the budget law.” finished/25h    almaalomah.org

BobbyC   butterfly ....The spokesman for the Kurdistan Regional Government, Jutiar Adel, announced, on Sunday, that the region will send two files to Baghdad, expressing his hope that Baghdad will send the financial dues to the region.

Adel said in a press conference, that “two important files will be sent this week to Baghdad,” explaining that “one of them includes the expenses of oil production in the region, and the other is related to the issue of non-oil imports.”

BobbyC   Very nice. Thanks

butterfly  BobbyC Well I am glad at least someone is reading the articles. AND you are welcome!

BobbyC  All revenue, except the agreed up production, should go thru Baghdad. Right or wrong lol

butterfly   Several months back I posted a lot of articles where other countries came and said they wanted to invest in Iraq. Slowly there are more popping up.

BobbyC   That's our hope. Safe money in, safe money out

BobbyC  Most countries held off back during the Kuwait Conf because their money wouldn't be safe

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

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.

He continued: This additional income is considered a compensation for the planned borrowing, in whole or in part, and a substitute for any debts, whether internal or external.

Saleh pointed out that: indicators up to the moment show that these differences will cover, if oil prices continue with this improvement, about 80% of the deficit gap.

And the price of Basra oil recorded a remarkable increase in the recent period, exceeding $ 70 per barrel.

butterfly   After the lifting of sanctions.. the Minister of Transport announces the raising of the Iraqi flag on the Iraqi marine tankers

Sunday 06 June 2021 14:47.......Minister of Transport Nasser Hussein Bandar Al-Shibli announced today, Sunday, the raising of the Iraqi flag on the Al-Qurna and Al-Asma'i tankers.

The Minister of Transport said in a press conference held at the port of Umm Qasr: "After strenuous efforts of discussions and negotiations to achieve ways to comply with the International Ship and Port Security Code (ISPS code), the sanctions imposed on Iraqi shipping carriers during the rule of the former regime were lifted, and after the approval of international maritime organizations, the sanctions were lifted. Raising the Iraqi flag high on the Iraqi conveyors.

The minister added: "The Al-Asma'i and Al-Qurna tankers, owned by the General Company for Maritime Transport, were transferred from the Jordanian registration port to the registration port in Basra, and the Iraqi flag was raised on them after the completion of docking, maintenance, and the tanker's validity for commercial work, documented by international certificates and binding for commercial work, and according to the requirements of the flag state (Iraq)." .

butterfly   Bafel Talabani discusses with Al-Maliki the latest developments in the political situation in Iraq and the Kurdistan Region

Sunday 06 June 2021 13:25........The joint co-chair of the Patriotic Union of Kurdistan, Bafel Talabani, discussed with the head of the State of Law coalition, Nuri al-Maliki, the latest developments in the political situation in Iraq and the Kurdistan region.

And the Kurdistan Patriotic Union website stated today, Sunday, that, as part of his visit to the capital, Baghdad, Bafel Talabani, the co-chair of the Patriotic Union of Kurdistan, and his accompanying delegation, Nuri al-Maliki, head of the State of Law coalition, met

with al-Maliki. During his visit to the capital, Baghdad, he will also meet with a number of political parties

butterfly   2021-06-06 06:10  Shafaq News/ The Central Bank of Iraq sales of Foreign currency jumped today, Sunday.  

Shafaq News Agency correspondent said that the CBI sales at the Foreign currency auction reached 207,146,525$ at a cut-off price of 1460 dinars, compared to 197,830,000$ last Thursday.

Our correspondent explained that 18 banks and 12 exchange companies cashed 26,700,000$, while 180,446,525$ went to boost funds abroad in the form of transfers and credits, with 34 banks meeting those requests.

butterfly   2021-06-06 05:28  Shafaq News / The global government income from oil and gas taxation fell to a multi-year low in 2020 of around $560 billion, as production and prices shrunk. Before Covid-19, oil and gas taxes usually exceeded the trillion-dollar mark. Petrostates will miss these former glories, a Rystad Energy report projects, as the accelerating energy transition will cause this source of state income to shrink and never again exceed or meet $1 trillion.

2021 will be the last year global oil and gas taxes will approach the trillion-dollar mark, reaching about $975 billion according to Rystad Energy estimates, assisted by high oil prices. From 2022, taxes will be limited to the low $800 billion range, only ticking up in the early 2030s to about $900 billion, before starting their final and uninterrupted decline to as low as $580 billion in 2040 and about $350 billion in 2050.

“As the energy transition ramps up, countries highly dependent on tax revenue from the upstream industry may have no other option than to diversify their economy to sustain state budgets. This is clearly the rational course for them to follow, but there are inherent challenges in the form of insufficient economic and legal institutions, infrastructure and human capital,“ says Espen Erlingsen, head of upstream research at Rystad Energy.

The earlier the energy transition risks are realized the better they can be addressed. Structural changes will be crucial to stabilize petroleum-reliant economies and avoid geopolitical instability as the global energy systems shift onto a sustainable pathway, Erlingsen adds.

butterfly  Using Saudi Arabia as an example, we see that about half of the government take is at risk towards 2050, while total tax income from oil and gas made up 27% of the country’s gross domestic product (GDP) in 2019.

Algeria, Iraq, Kuwait and Libya – all of which are heavily dependent on tax revenue from the upstream industry – all garnered around 40% of GDP in 2019 from oil and gas tax revenue. In these countries, about 50% of the government take is at risk, meaning that this group is the most exposed to revenue risk as a result of the energy transition.    Source: Rystad Energy

butterfly  2021-06-06 02:45 Shafaq News/ The Dinar/Dollar exchange rates rose in Baghdad and Erbil today, Sunday.    Shafaq News Agency correspondent said that Al-Kifah and al-Harithiya Central Exchanges are trading the 100 US dollar at 149600 Iraqi Dinars.

Our correspondent added that today's selling and buying prices rose to 150000 and 149000 dinars per 100 dollars in the local markets.

In the capital of the Kurdistan Region, Erbil, the US buying and selling prices rose to 149700 and 149500, respectively.

butterfly   2021-06-06 07:39  Shafaq News/ The Kurdistan Regional Government hoped that the federal government would send the region's share of the financial budget for 2021.

Government spokesman Gotiar Adel told reporters that two important files were discussed during the KRG delegation's visit to Baghdad; the first concerns oil revenues produced in the region, while the other concerns the federal oil revenues in general.

Adel indicated that part of the oil revenues agreement between Erbil and Baghdad has been put into force.

butterfly   2021-06-06 05:42   Shafaq News/ The Iraqi Ministry of Health-the State Company for Marketing Medicines and medical supplies announced today, Sunday, receiving a new batch of Pfizer's COVID-19 vaccine.

The company said that a fleet of refrigerated trucks loaded with vaccine boxes moved towards all Iraqi governorates, including Kurdistan Region.

It is worth noting that the first batch of the Pfizer’s vaccine arrived in Iraq on April 11.

butterfly   2021-06-05 11:38

Shafaq News/ Kurdistan Parliament rejected the war option, calling on all parties to distance their conflicts from the Kurdistan Region territories and preserve its sovereignty.

In a statement, the Parliament's Presidium condoled the death of five Peshmerga members in an PKK ambush in Amedi district, wishing a speedy recovery for the wounded fighters .

The statement called on the PKK and Turkey to distance the Kurdistan Region from their wars, resort to peaceful political solutions, respect the institutions of the Kurdistan Region and preserve the sovereignty of the Kurdistan Region and Iraq.

Earlier today, the Peshmerga Affairs Committee in Kurdistan Parliament said in a statement, "The Workers' Party has become a threat to the Kurdistan Region under the pretext of the war with Turkey, while young men from the region were martyred many times. This conflict has become a reason for evacuating and destroying hundreds of villages in the border areas."

The committee called on the party to relocate their conflict in the Turkish territories, not endanger the region's gains and sovereignty, and respect its borders, security, and stability.

The Ministry of Peshmerga in the Kurdistan Region confirmed earlier today that the Kurdistan Workers' Party targeted the Peshmerga forces in Mount Matin in Duhok Governorate, causing five deaths and four injuries among the Peshmerga forces, and the death of three PKK fighters.

BobbyC   Iraq’s economic outlook is set to improve in line with the global oil market, according to the World Bank's latest Iraq Economic Monitor for spring 2021.

BobbyC   The fiscal deficit is predicted to go down to 5.4% of GDP this year, but the bank cautioned that an expanding budget due to structural problems such as the public wage and pension “rigidities” remain unaddressed.

BobbyC   Aspects of Iraq’s fiscal outlook threatening this “cautious improvement” remain Iraq’s dependency on oil; continued underinvestment; weak execution of the public investment budget; an unfavourable business climate; the potential for further lockdowns; and a possible deterioration in security conditions.

BobbyC   The bank sees the fiscal reforms included in the government’s recent White Paper as a way forward – even though those reforms have been watered down and only partially implemented.

BobbyC   The White Papers are amazing

Dave   Yes the White Papers........ a good fiction,,,,  the sci-fi of today can be tomorrows Reality........

Dave   Same as CBI's Delete 3 Zero Project from a few yrs back.....

BobbyC  I agree. Iraq has had every opportunity, beginning with the 1st IMF SBA under Shabibi, to correct it's ways. What I do is look at these documents, including Iraqi Vision 2030, and hope it plays out numbers wise. Once we see those favorable numbers, we'll see delete the zeros

Dave   Its all about the rampant corruption fer me......

BobbyC   That's part of those numbers as far as Transparency International. Also plays a part in every other number I look at, Ease of Doing Business being a big one

Dave   yeah moving forward would require greater Transparency.......

BobbyC   100%

Dave   at a cross roads fer awhile now.....

BobbyC   Yeah the White Papers detail that for sure. The 1st half explains how Iraq got to where they are now. The 2nd half details their way out of this mess. Problem is Parliament watered it down in the Budget

Dave   Always had a supplemental budget........no changes.....always a plan to just eke it out.....The wealtiest Politicians in the World happen to live in Iraq...."Where did you get That"..........they used to say........

Dave  Protesters managed to change leadership not long ago.....TILL...nowhere.....have a White Paper though.

Dave   Gloomy day here....Awaiting butterfly to post the Article on Maliki getting hauled off in chains....

BobbyC   That comes out Tuesday lol The Kurds just met with him regarding state of affairs. Powerful man

Dave   65 billion usd.....

BobbyC  See if this so called Recovery Law gets passed and implemented to it's fullest. DOubt it but ya never know

Dave   Talabanis Barzanis uber weathy too    Barzani 35 billion usd

BobbyC  Maybe they should apply the Financial Disclosure to all Politicians instead of just a few members of Parliament

Dave   Over 1 Quadrillion IQD.......vanished

BobbyC   Guess that's more than the reported 50 trillion outside the Banks lol

Dave   BobbyC 50 trillion......Kap mentioned 35 T yrs ago.......

BobbyC   * even at 35T that's asking a lot to cover for the CBI   Covers our debt here in the US

Dave  BobbyC COI looking at 150 billion usd in frozen accounts as we speak....

BobbyC   Now if Kap mentioned that yrs ago, that leads credence to the possible 50

Dave   BobbyC AUCTIONS!!@!!   credence to Kap......LOL

BobbyC  Yep that's under the Recovery Law. Lots of complexities to that. You don't just go to a Bank and ask for it …     credence to the possible 50, not Kap per se

Dave   CBI sold over 200Million usd just the other day......   300 billion IQD ish.....

BobbyC  And the story continues. But we should see a revalue by the end of the month because they've (gurus) all been put on a gag order. So exciting lol

Dave missed that boat.....

BobbyC  I don't even want on that miserable boat. Rough waters

Dave   no 800# fer me .....

BobbyC   Time to check the Pork Belly. Stay safe

Dave   yummy...........BBQed...i hope....

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

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

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

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.

He added, that this delay caused the suspension of many projects in the governorate due to the lack of cash, and the payment of the dues of the implementing agencies, as the last financial payments were delivered to the companies last year, which negatively affected the implementation this year by about six months, as well as reflected on the access of services to citizens. .

Al-Ajwadi noted that 80% of the projects have been suspended at the present time, and they include many sectors, the most important of which are education, water, sanitation and health projects.

butterfly   The G-7 countries reach an agreement to impose taxes on multinational companies

Saturday 05 June 2021 20:05.........The Group of Seven major industrialized countries reached a "historic" agreement regarding the imposition of taxes on multinational companies.

The finance ministers meeting in London agreed to fight tax evasion, through measures to make companies pay in the countries in which they do business.”

They also agreed in principle to a global minimum corporate tax rate of 15 percent, to avoid countries reducing tax to compete with each other to attract companies.

British Chancellor of the Exchequer, Rishi Sunak, said that the agreement aims to create a level playing field for global companies.

He added: "After years of discussions, the G7 finance ministers reached a historic agreement to reform the global tax system, to make it fit for the global digital age."

The agreement will be discussed later in detail at a meeting of G-20 finance ministers and central bank governors, in July in Venice, Italy. The G20 is made up of 19 countries plus the European Union.

Paolo Gentiloni, the European Union Commissioner for the Economy, called Saturday's agreement a "big step towards an unprecedented global agreement on tax reform", and promised that the EU would "actively contribute to this" in Venice.

butterfly   Economist: Al-Kazemi is the most dangerous figure on Iraq’s money, and his survival is expensive

16:43 – 05/06/2021   Economist - Al-Kazemi is the most dangerous figure on Iraqs money and his survival is expensiveinformation / special

The economic expert, Ali Al-Afandi, stressed, on Saturday, the danger of the Al-Kazemi government’s continuation to Iraq, specifically the fate of its financial security.

Al-Afandi said, in a statement to the “Information” agency, that “the government’s insistence on the return of terrorist families to Nineveh Governorate has raised fears among investment and donor companies to rebuild the province, and there is information about the international grant due to the Al-Kazemi government’s decision regarding terrorist families.”

He added, “We did not get out of the dinar and dollar crisis, and we said Iraq has begun.” recover until Al-Kazemi comes and proves that he is the largest political figure who threatens the economic security of the country and the citizen.”

He noted that “the government that insists on destroying what has been achieved after the end of terrorism and its danger, to return again to its return, causing the withdrawal of many companies and stopping the international grants allocated to Nineveh Governorate for its reconstruction, cannot be trusted, and certainly it is complicit with the outside.” End / 25 r.   almaalomah.org

butterfly   Al-Rafidain: Cancellation of the identification witness for citizens wishing to open accounts to deposit their money

06/05/2021 10:13:34  Al-Rafidain - Cancellation of the identification witness for citizens wishing to open accounts to deposit their moneyRafidain Bank decided, on Saturday, to cancel the identification witness for citizens wishing to open accounts to deposit their money in the bank.

The media office of the bank stated in a statement that {Al-Furat News} received a copy of it, that “Al-Rafidain issued new instructions to facilitate procedures for citizens wishing to open saving and current accounts to deposit their money in the bank,” noting that “the bank canceled the requirement to witness the identification of customers who wish to open current accounts, with the aim of Attracting the largest number of customers while adhering to the principle of “know your customer” and taking due diligence measures.

He added, “The bank reiterated its commitment to submit one supporting document when opening savings and current accounts,” noting that “the unified card dispenses with the rest of the documents, and there is no need to wait for the validity of its issuance while the civil status identity, passport, housing card, or housing endorsement is adopted for those who They were not issued a unified card.”   alforatnews.com

Butterfly   Dollar exchange rates rise today

06/05/2021 10:24:50   Dollar exchange rates rise todayThe dollar exchange rates rose, on Saturday, in the main stock exchange in Baghdad, with the closure of the stock exchange in the Kurdistan Region.

Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad recorded 149,450 Iraqi dinars, compared to 100 US dollars.

While the Central Kifah Stock Exchange recorded during its opening last Thursday morning 149150 Iraqi dinars.

And that buying and selling prices rose in the local market in Baghdad, where the selling price amounted to 150,000 Iraqi dinars, while the purchase prices amounted to 149,000 dinars per 100 US dollars.  lforatnews.com

butterfly   Parliamentary Economy: The street will explode in the face of the government if the dollar continues to rise

Saturday 5 June 2021 | 09:23 AM   Parliamentary Economy - The street will explode in the face of the government if the dollar continues to riseThe Parliamentary Committee on Economy and Investment warned of the explosion of the street in the face of the government of Prime Minister Mustafa Al-Kazemi in the event that the dollar price continues to rise, noting that the Iraqi market has been witnessing great confusion for days due to the instability of the dollar exchange rate .

Committee member Salem Al-Tufaili said, “The main reason for the continued rise in the dollar exchange rate is the lack of real government control over the Iraqi market, as well as the work of private banks and exchanges, which manipulate prices according to their interest without any oversight or accountability .”

Al-Tufaili added that “the rise in the dollar exchange rate, as well as foodstuffs and other materials, is behind some greedy traders, bank owners and money transfer companies, among the influential personalities, who have relations with some parties and political figures, who control the market as they wish according to government silence .”

He pointed out that “the Iraqi market has been witnessing great confusion for days due to the instability of the dollar exchange rate and the increase in the prices of materials again, and this matter requires the intervention of the competent government agencies, to control the situation, otherwise the Iraqi street will explode again in the face of the government and all the political class, Because of the difficult economic conditions he is going through.”   aynaliraqnews.com

butterfly   Disclosure of new details about the attack on sensitive US sites in Iraq

2021-06-05   Disclosure of new details about the attack on sensitive US sites in IraqThe New York Times confirmed that the United States is increasingly concerned about the escalation of attacks by small drones on its sites in Iraq.

The newspaper quoted US officials as saying that “armed groups opposed to Washington launched at least three attacks during the past two months with booby-trapped planes under the cover of the night on military bases used by the United States to carry out special operations.”

The newspaper, quoting three well-informed officials, stated that “the first attack targeted before midnight on the 13th of April 14 a hangar belonging to the Central Intelligence Agency (CIA) at Erbil airport.”

And the “Washington Post” newspaper previously reported that this attack, although there were no casualties, caused great concern to the White House and the Pentagon.

At the dawn of May 8, another drone targeted the Ain al-Assad base in Anbar province, which the United States uses to operate MQ-9 Reaper combat drones.

A spokesman for the international coalition, Wayne Maroto, confirmed that this attack did not result in casualties, but it damaged an aircraft hangar.

Three days later, a drone struck an airport in Harir district, north of Erbil, used by the US Joint Special Operations Command.

And the “New York Times” reported that this attack did not leave any casualties or damage, but it increased the concern of officials in the coalition.

Three US officials confirmed to the newspaper that parts of the wreckage of all those drones had been found, saying that initial analysis revealed that they were Iranian-made or based on technologies produced in Iran.

butterfly   The officials explained that these drones exceed in size ordinary civilian drones, but they are less than the “Reaper”, noting that these new aircraft, according to military analysts, can transport between 10 and 60 pounds (4.5-27 kilograms) of explosives.

The newspaper pointed out that these drones fly at low altitudes, which prevents defense systems from detecting them.   burathanews.com

Butterfly   Putin looks forward to positive results from his meeting with Biden

Saturday 05 June 2021 21:35......Russian President Vladimir Putin expressed his hope for positive results for his planned meeting with his American counterpart Joe Biden.

In an interview with Russia's Channel One, Putin said: "President Biden is a very experienced person who has worked in politics all his life, expert, balanced and meticulous... I very much hope that our meeting will come out with positive results."

He added: I do not expect any breakthrough in Russian-American relations, and nothing can amaze us with the results of the meeting, but the fact that we will meet, talk about the possibility of reviving bilateral relations, and talk about common issues that concern us, and such issues by the way are many, and this in itself is not bad. .

He continued, "I am looking forward to a positive result. I hope that conditions will be created to take further steps to normalize Russian-American relations and resolve the issues facing our two countries." Not only our society, but the entire international community, and I mean the issues of strategic stability, the environmental agenda and regional conflicts that we all care about accomplishing.

Putin expressed the hope and fervently that this will also be a positive factor affecting the outcome of our meeting. The two presidents will hold their joint summit on the 16th of this month in Geneva, Switzerland.

butterfly  Al-Sadr tweeting... Arms dealers and death want to keep Iraq in the squalor of violence

Saturday 05 June 2021 22:28......The leader of the Sadrist movement, Muqtada al-Sadr, confirmed that: Iraq is bleeding under the weight of corruption and violence.

butterfly  Al-Sadr tweeting .. Random throwing .. Wrong and disgraceful expression of the energy of violence / Expanded

Saturday 05 June 2021 23:19..........The leader of the Sadrist movement, Muqtada al-Sadr, confirmed that the indiscriminate shooting is a wrong and shameful expression of the energy of violence.

And he said in a tweet that this phenomenon..is a phenomenon of popular, not governmental, corruption..except to say: If the government controlled the weapon, no one would be able to use it for the wrong resources, whether in random throwing on occasions of joy or sadness or clan bites or clan clashes or in Drop the prestige of the state or much else. In addition, even if the government was born from the womb of the people, the people remain influenced by it and its actions. When he sees some types of security forces using their weapons against their government or against the people, he will try to follow their example. Such people are trying to throw the ball into the government's court, and they will say that random throwing is government corruption.

Al-Sadr asked: Will the people respond to the government if it decides the following: First: A campaign to withdraw all kinds of weapons from everyone without sectarian or ethnic discrimination and restricting them to the hands of the state?

Second: Eliminate the security forces, including the Mujahid Popular Mobilization Forces, from the impudent or impudent elements, and make them under the command of the Commander-in-Chief of the Armed Forces, not under the command and leadership of here and there! Third: Punishing every member of the clan if he uses his weapon in clashes, rammings, thrusts, or the like?! .

butterfly   Al-Sadr addressed everyone: Whether you know it or not, you sell your security and the security of your country, your homeland and your brothers to those dealers of death and weapons who want to keep Iraq in the thirst of violence so that their trade will receive unparalleled prosperity and profit, and they will live and die and the country will die, God forbid.

Know that your weapon. Your honor and honor if used in the right ways and for the right goals, otherwise it is only humiliation and humiliation by death.

The resistance was never higher and more precious than the homeland and the people, nor was the clan and its sheikh higher or more precious than the homeland and the people, and the political and even religious leaders were not higher or more precious than the homeland and the people.

He added: Did the martyr not sacrifice himself and his children only!? And for the sake of the people, especially since our homeland is (Iraq), the land of the sacred and the infallible, Islam, doctrine, culture, civilization, thought and peace. All these addresses melt and perish in front of the homeland or in front of Iraq, otherwise you are the reason for the annihilation of Iraq.

Al-Sadr stressed that: God’s religion and doctrine without Iraq will be weak, and therefore will be a reason for weakening those heavenly titles in terms of whether you know or do not know. Also, you should know that not every violence is faced with violence like it except violence intended to humiliate the homeland of the sacred: (Iraq). Do you not see those who tried to defend other than Iraq, for others lived in safety, and Iraq is still bleeding under the weight of corruption and violence, and Iraqi blood has become cheap with great regret.

butterfly  He continued, for how long will Iraq remain a bridge to others or a gateway to others that we die and live on?!! Is it not time for Iraq and the Iraqis to live united under the banner of Iraq without foreign, sectarian or sectarian interference, especially since Iraq is the first in everything: it is the country of the prophets, the capital of Shi’ism, the Arab and Kurdish community, the tent of Sunnis and Shiites, the country of peaceful minorities, the country of civilization and integration, for it is the one who deserves to perish in it. And defend it not to be a bite in the hands of others.

He added, is it not enough that corruption is ravaging the country and its people.. so that the uncontrolled weapon is a shot of mercy that will destroy Iraq with its hands thrusting from here and there.. What do you not want for Iraq with dignity!!?? And you want your subtitles to be strong and stable.

Do you not know that your strength is from the strength of Iraq and its weakness is your weakness!!?..not the opposite.

He said for all that, it is necessary to put an end to the lawlessness and the spread of weapons among those who do not understand the meaning of weapons and are not proficient in using it, rather they are not aware of the sanctity of its use, as some have no piety in its use or religion, and they have turned Iraq into a forest in which monsters fight without mercy or compassion. Do you not see!?? .

He explained that after Iraq was an example of progress, civilization and faith, some made it a laughingstock because of corruption, violence, lawlessness and petty conflicts far from culture and scientific and practical progress..There is no medicine, industry, agriculture, reading, study, education, education or trade except theft, drugs, prohibited weapons and the like. That.. will you not be guided!!?

butterfly   TV Campaign for Explosives Risk Education.....6th June 2021......Baghdad-based Qemat Alnajah General Trading Co. Ltd. has won a contract with the United Nations Office for Project Services (UNOPS) for the provision of an explosive ordnance risk education (EORE) television campaign for UNMAS in Federal Iraq

The contract is valued at $39,800.   (Source: UNGM)

butterfly  Addressing Iraq's Human Capital Crisis........6th June 2021......Iraq Human Development Public Expenditure Review:

Addressing the Human Capital Crisis -

A Public Expenditure Review for Human Development Sectors in Iraq

Iraq is facing a human capital crisis despite having been one of the early investors in health and education in the MENA region.

The World Bank's Human Capital Index shows that a child born in Iraq, today, will reach, on average, only 41% of her potential productivity when she grows up, compared to the 57% average of the MENA region. Large disparities in human capital outcomes also persist between regions, urban and rural areas, and among vulnerable groups namely women and internally displaced people.

With this background, the Human Development Public Expenditure Review (HD‐PER) offers evidence‐based policy recommendations to inform reform that is urgently needed to spur human capital development. The report examines three chapters: the health sector, the education sector, and the pension system. In each chapter, it focuses on sector outcomes as well as efficiency, effectiveness, and equity of spending within the sector. It also highlights accordingly an agenda for reforms within each sector.

The Iraq HD‐PER builds on existing data and exerts an exceptional effort to collect spending and sector information amidst a data scarce and fragmented environment. This HD‐PER looks at general historical trends of various expenditure components and budgetary revenue sources and offers scenarios to simulate the magnitude of the fiscal adjustment in the medium‐run to create the needed fiscal space for additional spending in human capital.

Please click here to download the full report in PDF format. https://documents1.worldbank.org/curated/en/568141622306648034/pdf/Addressing-the-Human-Capital-Crisis-A-Public-Expenditure-Review-for-Human-Development-Sectors-in-Iraq.pdf    (Source: World Bank)

Butterfly   Market Review: "Market Consolidates Gains"......6th June 2021...... https://www.iraq-businessnews.com/2021/06/06/market-review-market-consolidates-gains/

butterfly   2021-06-05 12:33   Shafaq News/ The Iraq Stock Exchange (ISX) traded more than 54 billion equities valued at more than 57 billion dinars in the past week.

A report of the market obtained by Shafaq News agency said, "49 publicly traded companies cast out of 103 enlisted companies," indicating, "19 companies were delisted by the Iraqi Securities Commission for violating the disclosure regulations."

"54,830,510,000 equities were traded this week at a value of 57 billion dinars, down by 39.52% from last week, via 2239 transactions."

"ISX60 index closed at 564.10, 2.45% below last session's closure," the report added.

It is noteworthy that Iraq Stock Exchange installed Central Depository and Electronic Trading Systems in 2009. It organizes five weekly sessions and lists 103 public companies from different economic sectors.

butterfly  2021-06-05 03:36 Shafaq News/ Oil extended gains with Brent topping $72 a barrel for the first time since 2019, as OPEC+ supply discipline and recovering demand countered concerns about a patchy COVID-19 vaccination rollout around the globe.

The Organization of the Petroleum Exporting Countries and allies on Tuesday said they would stick to agreed supply restraints. A weekly supply report on Thursday showed U.S. crude inventories dropped more than expected last week.

Oil extended gains after U.S. figures showed nonfarm payrolls increased by 559,000 jobs last month. The U.S. dollar weakened after the report, making oil cheaper for holders of other currencies and lending support to oil prices.

Brent crude rose 33 cents, or 0.5%, to settle at $71.64 a barrel at 0812 GMT, after touching $72.17, its highest since May 2019.

U.S. West Texas Intermediate crude rose 22 cents, or 0.3%, to settle at $69.03. The session high was $69.76, its highest since October 2018.

Oil prices drifted higher after U.S. energy firms this week cut the number of oil and natural gas rigs operating, for the first time in six weeks, data from energy services firm Baker Hughes showed.

"After much dilly-dallying, Brent appears to have found a new home above $70," said Stephen Brennock of oil broker PVM. "Summer and the reopening of the global economy is bullish for oil demand in the second half of the year."

Brent rose about 3% on the week while U.S. crude notched gains of nearly 5%. It is the second week of gains for both contracts.

Also boosting oil this week was a slowdown in talks between the United States and Iran over Tehran's nuclear program, which reduced expectations of a return of Iranian oil supply.

butterfly   Energy markets are locked in on Iran nuclear talks that should pick up next week," Edward Moya, senior market analyst at OANDA said.

"The fifth round of negotiations will heat up next week and that should keep oil prices supported as Tehran will stick to their red lines for restoring the nuclear deal."

Source: Reuters, Shafaq News Agency

butterfly   2021-06-05 14:12

Shafaq News/ Iraq’s Ministry of Defence delivered, on Tuesday, military vehicles from the US-led Coalition to empower the Iraqi forces in combatting ISIS.

According to the Ministry’s statement, The Joint Task Force of Al-Azm Al-Salb Operation (CJTFOIR) donated to the Iraqi Ministry of Defence 45 vehicles.

It pointed out that the equipment are funded by "the Counter-ISIS Train and Equip Fund (CTEF)" which is a part of the United States' whole-of-government approach to support the lasting defeat of ISIS.

It’s noteworthy that The CTEF specifically supports the Department of Defense’s efforts to work by, with, and through' the Iraqi Security Forces (ISF) and the Vetted Syrian Opposition (VSO) to build key defeat-ISIS capabilities and promote the long term stability of the region by preventing the resurgence of ISIS.

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 AM 6-5-21

Zig’s Place Chat and News Saturday AM 6-5-21
Zig:  Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here

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."

He explained: "The unified card dispenses with other documents, and there is no need to wait for the validity of its issuance, while the civil status identity, passport, residence card, or housing support for those who have not been issued a unified card."

butterfly   The rise in the exchange rate of the dollar in banking shops in Baghdad

Saturday 05 June 2021 12:29....................The dollar exchange rate recorded, today, Saturday, an increase in banking shops in Baghdad.

And the selling price in banking shops in the local markets was 150,000 dinars, and the purchase price was 149,000 dinars for every $100.

BobbyC   +10 every step of the way from the Auctions to the Street which ends in a +30. Way to go Iraq

BobbyC   My bad nowdays it's +40 depending on where you are in Iraq

BobbyC   Will Iraq pass a Recovery Law and what will they do with the influx of USD?

Dave  BobbyC +40........a whole ..027 of a cent.....?  oops of a buck........,,,

BobbyC  To us. To Iraqis it's a loss of purchasing power. Denominations mean everything in this

Dave  BobbyC commonly referred to as PIP

BobbyC   Yeah that was ahuge jump in devaluation. Just think the IMF proposed 1500

BobbyC   Just shows ya what a mess Iraq is in. Some think a revalue will solve all their problems when it would actually be monetary suicide

Dave   alot of saber rattling over nodda ....the local markets was 150,000 dinars, and the purchase price was 149,000 dinars for every $100.

BobbyC   I think the only one's that mention a revalue in regards to the IQD are the absolutely out of touch with reality (Recaps and Guru)

Dave   I dont touch Gurus....no idea

BobbyC   And the CBI sells for 1460 Go figure

BobbyC   I don't either but a majority in this do.

Dave   we got hit harder.......with the costs of everything

BobbyC   Same here in Texas as far as goods are concerned

Dave   Pandemic.......

BobbyC   Yep and once this pandemic is over, that's when we'll see oil higher because the markets need it   WTI is at 60 and Brent broke 70     69 oops     So I filled up today

Dave   Big difference in their light sweet crude and our muck  … 2 dollars/barrel vs as much as 28 or more to refine

BobbyC  Yep depends on what platform Iraq sales their oil and when those contracts are signed. If Iraq could allow the HCL, they'd be swimming in oil revenue. Ofc then we're back to what happens to all that revenue

BobbyC   They went from 7 billion a month to below 3 for a year yet kept their expenditures high

Dave   BobbyC bitumin is horrible.....vs their light sweet crude........they are floating on it and dont not have to drill a mile or more to get to it

Dave   actaully glad they axed that keystone pipline

BobbyC   Why's that as far as the pipeline?

BobbyC   Iraq does indeed have the lightest/sweetest oil and upstream is not costly at all

Dave  Politics........Have much better oil quality in vast reserves..........just sitting on it all.........piping only that naturally occurring muck taht sits on the

BobbyC   I look at like this. Their reasoning was environmental, a risk within the industry that has a pretty good track record, yet they now transport that and the emissions are even worse lol

Dave   surface...

BobbyC   Imagine when Brent was at 100 pbl and Iraq still didn't revalue lol.

Dave   and fell to minus numbers

Dave   Iraq has some of the best oil quality in the world......easy to refine much GREENER!!!!

BobbyC   The only way Iraq has a chance at a revalue is a diverse economy, a middle income establishment and an answer to notes/value in circulation

Dave   BobbyC Listen to Kap too much?

BobbyC   A majority in this got in because of Iraq's oil

Dave   ...and going global with its currency following the Delete 3 Zeros

BobbyC   I like most of Kap. I bought into this when Iraq had 4 trillion in circulation and invested very litte. I was always a 3 possibility investor and when one of those possibilities involved a re denomination, I was happy with what I purchased

Dave   Currency auctions raking in alot of Dinar.......since Govt workers getting paid digitally......

Dave   3-4 trillion IQD/month   These are CASH sales at the auction

BobbyC  The E Dinar was the best idea Iraq ever did. While it's good, just because it's an E Dinar, does not change the value of those notes

Dave   nope ...pulls the Dinar in though....

BobbyC   Auctions....Again if the CBI was independent, they'd step in a little further and stop the after affect of those Auctions. There's the undeveloped Banking System everyone talks about

Dave   CBI could also simply sitting on the excess notes and not be putting them into circualion....

BobbyC   Pulls em in and gets them a step closer to a less dependent cash society. I know I carry very little cash as I used to

BobbyC   I agree and yet the value never changes. Unless they devalue   :)

Dave   3-4 trillion iqd/month........Kaps note count from yrs ago has remained at 30ish trillion in mattresss

BobbyC   Look at their 2021 Budget......129 trillion with a deficit of 28 trillion.     Now couple that with their reports of 50 Trillion outside the Banking System…   Those are the numbers that scare me if everyone's hoping for a revalue

Dave  BobbyC look at that that 150 billion usd that the COI is looking at?  ....and thats the start?   50 Trillion....... across the planet...heard USA Reserve had some........ Other foreign banks will hold them in reserve for upto to 10 yrs before redeeming them back to Iraq… reports of 50.T.......by who and where tells volumes.....doubt that many in mattresses

BobbyC   When it comes from the Economic Advisor, who's held that position thru a few PM's, I tend to listen

BobbyC   Just something to think about when buying into this

Dave  BobbyC Listen to CBI.......

BobbyC   As far as the US having the IQD in Reserve? You can go to the UST website and it shows foreign currency's held in Reserve

Dave   not when its deemed exotic......?  Bush took a stack.......?

Zig   Old Guru Rumor: The Dinar that the US Treasury holds will eventually pay for our huge accumulating debt ...lol

Dave   Zig Bush take IQD???

BobbyC   I would've liked for the CBI to dispute those numbers, but they didn't

Zig   Dave : Who knows

Dave   Bush?

BobbyC   Most currencies are considered exotic

BobbyC  I believe you have your Majors, SDR Basket, that aren't but don't quote me on that lol

Dave  I keep it simple.....USD remains King

BobbyC   Ofc you have to be on the international stage/FOREX to be considered exotic .. Remanis King for now. Many are attacking it

Dave   BobbyC can get over 160 different currencies here from my bank..........no IQD.....

BobbyC    So John Rahm is leading the Memorial at -18, came in close contact with covid, tested positive, and not maybe has to withdraw. Could lose over a million. Geeeez

BobbyC   Hey you can get IQD on E Bay lol That's scary

Dave   BobbyC IQD not sold at Any bank in Canada

BobbyC   Very few do recognize it and the one's that do make money selling it.

BobbyC   Most outside publications who discuss this phenomenon, actually address the amount in circulation and Iraq being able to even afford a straigh up revalue. Most countries want a weak currency

Dave   imports or exports.....depends what you sell....oil or rice?

BobbyC   that's true one has a higher value but when it comes to trade agreements, a weak currency helps both country's

Dave   trade agreements.....competing sectors........

BobbyC   If we ever see the IQD in trade agreements, aside from their side deal with Iran, we'll know the end game

Dave   waiting to see it on the forex ......  on the news......we will see or not

BobbyC   I agree

Dave   aint going to be a secret    unless on signed a NDA....

BobbyC   Yeah I need to sign mine I feel left out. I missed out on these Tiers

Dave   missed that boat plenty of times already

BobbyC   People who believe in that should sell their IQD now and play Bingo. No offense to Bingo players

Dave  nda only good fer 2 yrs

Dave   invested what i could afford to lose.....

BobbyC   100% but I hate that word lose lol

Dave   slightly ahead......now.....

BobbyC   Depends on what you bought in for and what the dealers are buying for right?

Dave   yes....

Dave   https://www.ebay.ca/sch/i.html?_from=R40&_trksid=p2380057.m570.l2632&_nkw=iraqi+dinar&_sacat=3411

Dave   wow......i am way up.........  paid 700/million   up 500......and they call this scam......

Dave   only fer us knuckleheads that pay for it.......feeding the vdream in getting really rich.......one day......

BobbyC   500? Who's buying lol  Safe Dinar buys a million for 700 something

BobbyC   The scam part comes in those damn reserves some bought into. We have a currency that has value

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 News Late Friday PM 6-4-21

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

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

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.

Al-Fraiji said in a statement to the National Iraqi News Agency / NINA / that "the Central Bank and the Ministry of Finance justify the decision to raise the value of the dollar against the Iraqi dinar to achieve an increase in the value of cash in Iraqi dinars (to reduce the salary bill and some operating budget bills), and to raise the value of the Iraqi state's reserves of foreign exchange. , by reducing the rates of selling currency from the currency sale window, and to support economic development in Iraq by encouraging Iraqi industrialists instead of importing.

Al-Fraiji stressed that "there was not a great benefit from raising the value of cash in Iraqi dinars, as the operating budget was spent in dollars, indicating that the foreign exchange stock rose very temporarily at the beginning of the first two months, and no significant result was achieved due to the return of the currency sale window from selling the dollar at rates of 200 million." dollars per day, which are rates that raise a lot of doubts, and nothing has been achieved from the issue of supporting the industry and limiting import rates, on the contrary, consumption rates have increased, as well as the prices of the importer, who constitutes more than 95% of the assets of local markets.

butterfly  Al-Fariji indicated that behind this economic crime (the power parties + The Central Bank + The Ministry of Finance (the government) + Parliament) and the victim cannot be considered the victim as the people or the individual absolutely, because of his participation in (their choice + silence).

He stressed that the solutions to this economic crime lie in "the adoption of raising the price of the dollar (if insisting on it), for a temporary period and its expiration date (for example until the end of 2021). And the initiation of compensatory and incentive strategies for the private sector (small businesses) as well as those affected by individuals and families through cash or in-kind aid for months. Supporting the labor market and reducing economic shocks, including (controlling real estate market rates and not allowing unjustified rises, pumping foodstuffs and other materials to support the purchase movement and controlling consumer prices).

butterfly  An economic specialist to / Nina /: The silence on the black dollar market proves the involvement of the / executive and legislative authorities / in it

Friday 04 June 2021 14:06.....The specialist in economic affairs, Durgham Muhammad Ali, confirmed that the silence of the executive authorities, in their monetary, financial and legislative capacity, in their supervisory capacity, about the farce of the dollar auction is an involvement in its black market.

Muhammad Ali said in an exclusive statement to the National Iraqi News Agency ( NINA ) that "any country with a law-abiding government would have referred the governor and departments of the Central Bank concerned with currency auction corruption to the judiciary and investigated the Minister of Finance over his allegations of dealing with currency smuggling by raising the exchange rate."

He pointed out that "the involvement of political blocs in Parliament, as they own most of the banks that contribute to the black dollar market to achieve illegal gains by creating a black market for dollars and smuggling foreign currency with government collusion, which led to the absence and disruption of the oversight role of Parliament, and among them was the prevention of questioning the governor of the Central Bank."

Butterfly   And he added, “The judiciary, which is Iraq’s safety valve, is required through the public prosecution to file lawsuits against the saboteurs of Iraq’s economy and its currency smugglers, and to hold the Al-Kazemi government, its Minister of Finance and the Governor of the Central Bank accountable, after the corruption of the currency auction became open and not to make any effort, even with statements, to stop this crime.” The largest right of the Iraqi economy."

And he said, "The current government, with its financial policies, which has robbed Iraq's economy of its most sensitive joints, and increased poverty rates within a few months to unprecedented levels, without a conscience, will be written on it to be the worst government in the economic performance record, and this allows its people to be tried as soon as they leave power."

butterfly  Parliamentary Energy: The oil and gas law will be transferred to the next legislative session

Fri 04 June 2021 15:02............The Parliamentary Oil and Energy Committee confirmed that the oil and gas law will be carried over to the next legislative session.

Committee member Amjad Hashem Al-Uqabi said, according to the official agency, that "the House of Representatives cannot initiate the oil and gas law," noting that "this law is still present in the parliament and can be voted on during the next legislative session."

He added that "the Council will vote in its next sessions on the draft law of the National Oil Company."

With regard to the issue of electricity, Al-Uqabi explained that "the coming days will witness the operation of the Al-Jasiyah station," noting that "the opening of this station is an achievement for the Ministry of Electricity."

He pointed out that "the technical and engineering cadres in the Ministry of Electricity are able to address the problems that may occur in electric power during the summer and high temperatures, despite the presence of financial austerity," noting that "in the event that Iranian gas arrives, the electric power stations will work fully, The rate of supplying citizens with electricity will be 4 hours of operation compared to two hours of firefighting.

butterfly  Oil prices are advancing towards $72 a barrel, supported by demand expectations/expanded

Friday 04 June 2021 16:29 ......Oil prices rose towards $72 a barrel today, Friday, to trade near its highest level in two years, as the OPEC + plan on supplies and the recovery of demand overshadowed concerns about the irregular activity of vaccinations against Covid-19 globally.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies said they were going ahead with the agreed supply restrictions. Thursday's weekly supply report showed US crude inventories fell more than expected last week.

Brent crude rose 33 cents, or 0.5%, to $71.64 a barrel. Yesterday, it reached its highest level during the session at $71.99, its highest level since May 2019. US West Texas Intermediate crude rose 22 cents, or 0.3%, to $69.03. On a weekly basis, Brent is heading for an increase of more than 2.8 percent and WTI is heading for a rise of 4%.

butterfly  The French President confirms by phone to Al-Kazemi his country's support for Iraq and its support for the UN resolution to send observers to support the work of the Electoral Commission / Expanded

Friday 04, June 2021 20:37......Prime Minister Mustafa Al-Kazemi discussed, by phone, from French President Emmanuel Macron, bilateral relations between the two countries and aspects of joint cooperation between Baghdad and Paris.

Al-Kazemi stressed, according to a statement by his office, Iraq's close historical relationship with France, and its positive attitudes towards regional issues, praising France's role and support for Iraq in the war against ISIS terrorist gangs.

He indicated the importance of developing bilateral cooperation between Iraq and France in various fields, especially economic and cultural, as well as providing the appropriate environment for French companies to work and invest in Iraq.

For his part, the French President renewed his support for the Iraqi government, and Iraq's democratic experience in light of the challenges it faces.

He affirmed France's readiness to provide the various aspects of support that the Iraqi government needs in preparing for the early elections, and France's support for the UN resolution to send observers to support the work of the Electoral Commission.

Macron praised Iraq's regional role in converging views, expressing his optimism that Iraq's growing role in this field will have a sustainable impact in achieving stability, whose effects will be positively reflected on all parties.

The two sides agreed to continue communication between them, in order to coordinate positions towards regional and international challenges and crises, in a manner that serves the endeavors to resolve conflicts and bring views closer.

butterfly  Anxiety prevails among Iraqis for fear of the deterioration of the purchasing value of the dinar

03:59 – 04/06/2021   IraqDinarDenomsBaghdad – Mawazine News  The Iraqi local markets witnessed a new rise in the exchange rate of the dollar against the Iraqi dinar, as the value of one dollar reached 1500 Iraqi dinars, a clear difference from the rate set by the Central Bank, which is 1450 dinars to the dollar.

And the new value of the rise was recorded in the Baghdad Stock Exchange for hard currencies and exchange companies in the Al-Kifah and Al-Harithiya areas in Baghdad, as well as Erbil, and in the event that the rise continues until the end of the day, this means that the price will remain unchanged until next Sunday, which is the date for the resumption of official working hours and the Central Bank offering new amounts of hard currency Within the policy of preserving the value of the dinar.

So far, the competent authorities have not provided any explanations for this rise, but experts and specialists attribute this to speculation within the market, which is carried out by merchants, businessmen and private banks.

The rise is not the first of its kind, but it is the highest, as the past days recorded a slight increase at 1460 and 1470 dinars to the dollar.

butterfly  The reason for the rise in the exchange rate of the dollar in Iraq during the last period is a rise in the prices of goods, especially foodstuffs, and the markets and commercial centers in Iraq have been almost devoid of shoppers, for several days, due to the economic confusion from the high exchange rate of the dollar and the new rise in food prices and others.

And the Iraqi Ministry of Planning confirmed, earlier, that poverty indicators in the country had risen to 27%, due to the increase in prices, against the background of several government measures to bypass the financial crisis, including raising the dollar exchange rate, as the Al-Kazemi government raised the exchange rate from 1200 dinars to 1450, per dollar.

Member of the Economy and Investment Committee in the Iraqi parliament, Salem al-Tufaili, said, “The main reason for the continued rise in the dollar exchange rate is the lack of real government control over the Iraqi market, as well as the work of private banks and exchanges, which manipulate prices according to their interest without any oversight or accountability.”

Al-Tufaili indicated that “the rise in the exchange rate of the dollar, as well as foodstuffs and other materials, is behind some greedy traders, bank owners and money transfer companies, among the influential figures, who have relations with some parties and political figures, who control the market as they wish according to government silence.”

He added that ”  A member of the Finance Committee in the Iraqi parliament, Muhammad Al-Shabki, said, “The next few days will witness hosting the competent authorities in the Ministry of Finance and the Central Bank, to discuss the repercussions of the rise in the dollar exchange rate, above the amount decided in the 2021 budget.”

Al-Shabki indicated that “the Iraqi Parliament’s Finance Committee will present many proposals for the control of the competent government agencies over the exchange rate of the dollar, as well as to prevent traders from manipulating the prices of foodstuffs and others, this matter will lead to humanitarian disasters in Iraqi society, especially with the high rate of poverty and the rate of The unemployed are largely unemployed.

The Iraqi MP warned that “the economic situation in Iraq does not allow the continued rise in the dollar exchange rate and foodstuffs, as this matter will have major and dangerous repercussions, including the explosion of popular demonstrations as well as the increase in crime rates in Iraqi society, especially the lack of job opportunities in the government and private sectors, and the continuation of The unemployment rate among young people is high.

On the other hand, the economic expert Younis Al-Kaabi said, in press statements, that “the currency auction did not decrease in its sales, nor did the poor class improve its living conditions, and most importantly, it left an important segment of society under the weight of poverty, namely the employees and retirees.”

Al-Kaabi explained that “the monthly income of employees and retirees has declined as a result of the change in the exchange rate on the one hand and on the other hand the increase in the prices of goods, medicines and basic commodities in the local markets.”

Butterfly  The Iraqi expert revealed that “the data of the Ministry of Planning indicate that the poverty rate in Iraq has risen from 25% to 28%, and this is the biggest indication of the failure of fiscal and monetary policy in Iraq.” Ended 29 / h    mawazin.net

butterfly  How will the 2022 budget be .. The Prime Minister’s financial advisor answers?

06-04-2021 09:54 AM    How will the 2022 budget be .. The Prime Ministers financial advisor answers  The financial advisor to the Prime Minister, Mazhar Muhammad Salih, expected today, Thursday, that the federal general budget for the fiscal year 2022 will be different from the current year’s budget by two paragraphs.

Saleh said, “The draft federal general budget for 2022, in my opinion, will differ slightly from the budget for the current year 2021 in two paragraphs. The first relates to the nature of oil revenues, as the price of a barrel of oil and the exported quantities must be adjusted in light of the positive indicators in the energy market and the entry of the economy.”

The global stage (after the Corona pandemic), especially the high degrees of international economic openness, the flourishing of trade and investment exchange between the countries of the world, and the high overall growth rates in the global economy.

He added, “There is a strong link between the escalation of economic growth in the world and the escalating demand for crude oil, the boom in energy markets and the rise in oil prices.”

butterfly   He continued: “As for the second paragraph, it is that the draft general budget for the coming year will reduce the borrowing space at the lowest point, while the area of ​​investment projects and their allocations will expand significantly and according to development priorities, which will lead to better growth and overall employment in the national economy, especially the high contribution The market is in the movement of the economy due to the high state of certainty that will be available to market makers,” explaining that “this is due to the market’s dependence on recovery indicators in the government economy.”

And he added: “Despite the foregoing, the issue of submitting the draft federal budget to take its legislative path will remain a primary concern and according to its constitutional timings, subject to the speedy formation of Parliament after the tenth month’s elections. New Elect.

He explained, “Otherwise, entering the year 2022, without legislating the general budget law, will make the public finance resort to the application of the effective financial management law, through disbursement of 12/1 of the actual ongoing expenditures in the 2021 budget without new investment projects.” dijlah.tv

butterfly Al-Kazemi: Some are trying to (demonize) the prime minister

2021-06-04 05:22   Al-Kazemi - Some are trying to demonize the prime ministerShafaq News/ Prime Minister Mustafa Al-Kazemi renewed his pledge to hold “fair and fair” elections on the tenth of October in Iraq, and at the same time confirmed that he would not run in that process and would not support any alliance.

Al-Kazemi came in an interview with a number of Iranian correspondents in Baghdad, which was published by Iranian official Iranian media today, Friday.

Al-Kazemi said, “The Iraqis desperately need elections, and there is a crisis of confidence between the political blocs and the street, and there is a schism and real disagreement.. Why did you come to the prime ministership? I did not come as prime minister with elections, but as a result of a social crisis. And we need to establish elections,” adding that some are trying to (Demons) The Prime Minister is everything.

And he added: From the first moment of the government program that was voted on in the Iraqi parliament, I said I will work to establish early, fair, and early elections very soon, and I called for elections within a year, and I mentioned the date of June 6 of this year, i.e. a week after the election date. How can they say I am not serious, and I have no will for elections?

Al-Kazemi noted that “the political blocs met and the commission met, and I think that this date is very early, and reflects a response to the accusations, and whoever claims that I do not want elections, this is my answer to him: I requested that the elections be on June 6, 2021.”

butterfly The Prime Minister continued, saying: The will is there, and after negotiations with the Commission and the political blocs, we agreed to announce October 10 of this year as the deadline for elections. The government is serious, and we worked hard by asking the Security Council to support Iraq with international observers to give confidence to these elections in front of the political blocs, and in front of the Iraqi people. We are serious about having a single space and protecting the elections from any process of questioning or fraud.

He also said: Certainly, I will not run for elections in order to send a real message, and I care about the Iraqi national identity and that we create a distance or the principle of justice for all. ); For this reason, I will not enter the elections, and I will not run for the elections in order to work with all efforts to make the elections a success;

For this reason, we have worked to provide all the support to the Commission and what the Commission requires and provided, and now we have the last stage, to provide the conditions and a safe and secure environment for these elections, and with all this we are taking steps to provide these appropriate conditions for these elections.    shafaq.com

Butterfly   Al-Rafidain: Increasing the interest rate on deposits

06/04/2021 09:15:17   Al-Rafidain - Increasing the interest rate on depositsRafidain Bank announced that it will continue to open savings and current accounts for citizens to deposit their money in the bank instead of hoarding it in homes and obtaining rewarding financial returns.

The media office of the bank said in a statement that {Euphrates News} received a copy of it that it was decided to increase the interest rate on deposits for a period of six months to become 4.5 percent. As well as increasing the interest rate on fixed deposits for a period of one year to 5.5 percent. The statement added that the interest rate on deposits for two years was increased to 6.5 percent.   alforatnews.com

butterfly  After exceeding 150 thousand dinars, the shock of the dollar paralyzes the Iraqi markets

2021-06-04   After exceeding 150 thousand dinars the shock of the dollar paralyzes the Iraqi marketsThe rise in the exchange rates of the dollar against the dinar, very significantly, until the exchange rate of the paper reached from 100 dollars to 150 thousand dinars, directly affected the local market and the prices of food and construction commodities and the rest of the goods,

causing a state of resentment and anger among citizens and political elites. In which a parliamentarian indicated that the government and the political forces that supported its decision to raise the price of the dollar are standing by and watching and unable to stop this collapse.

A parliamentarian stressed that the market situation today confirms the government’s inability to address and instead of progress and economic prosperity, we live today in stagnation in the markets.

Member of the Parliamentary Committee on Economy and Investment, Nada Shaker Jawdat, indicated that the government and the political forces that supported its decision to raise the price of the dollar are standing by and unable to stop the collapse of the local currency and the suffering that is paid for by the simple citizen from the middle and poor classes as a result of these ill-considered policies.

butterfly  Jawdat said in an interview with Alsumaria News, “The abnormally high exchange rate of the dollar, and the price of 150 thousand dinars for the 100-dollar bill, has become more than the necessary for the poor and middle classes,” noting that “the prices of goods and goods rose to 30% of the Its natural price, at a time when there is no increase in salaries or the living situation of citizens, on the contrary, things are getting worse at the standard of living and the government is watching without any measures to limit this deterioration.

Jawdat added, “In the House of Representatives, we repeatedly demanded that the Minister of Finance and the Governor of the Central Bank be held accountable, but we did not find deaf ears, and there were hidden agreements to obstruct these interrogations,” noting that “the political forces that agreed to the proposal to raise the price of the dollar against the dinar, Today I became responsible to the public for justifying the reasons for its acceptance at the time of the government’s proposal, which today itself stands today as an obstacle to questioning the Minister of Finance and the rest of those responsible for this file.”

She pointed out that “when the government made its decision to raise the price of the dollar with the blessing and encouragement of some political forces, it was better for it to conduct a study after a month or two to find out the pros and cons of the decision, in order to continue with it or undo it,

but unfortunately, the government and the blocs that supported its decision look at the matter from One aspect is maximizing what it has of money away from the interest of the simple citizen,” noting that “the government, in case it was unable to open large corruption files or control the border crossings, or the tax, it must not throw its mistakes on the simple citizen to be the victim of any failures that occur.” .

butterfly  And she added, “The government does not want it to build new industrial projects or introduce advanced innovations, but all we wanted from it was to revive the factories that actually exist in the country and which have disappeared, by making allocations to buy new machines in them and sending training teams to workers in order to train them and work to move the wheel.” The local industry instead of leaving Iraq mired in imports from Turkey, Iran and others, and the continuation of unemployment and waste of hard currency.

Member of the Parliamentary Committee on Economy and Investment, Mazen Al-Faili, confirmed that all the justifications set by the government in order to raise the exchange rate have disappeared and no longer exist.

Al-Faili said in an interview with Alsumaria News, “The government had previously set reasons to raise the exchange rate and proceeded with its decision in the light of those justifications,” noting that “the first reason is the lack of financial liquidity to pay salaries as a result of the drop in the price of a barrel of oil, as this excuse ended with a rise in prices.” Globally, oil exceeds what is in the budget, which currently stands at $71 per barrel.

Al-Faili added that “the third justification was the attempt to prevent the smuggling of currency and forged invoices, but sales amounted to more than 200 million dollars per day, which means that the government has no third justification for raising the exchange rate,” noting that “if we wanted to compare the benefit achieved, we would support it.” Very few, they did not exceed eight trillion dinars, at a time when oil prices today globally have jumped to very good levels that cover normal expenses comfortably.”

Butterfly  He stressed, “The repercussions of raising the exchange rate today are paid by the simple citizen, but we find the government’s insistence on its position, without a real treatment, with insistence on not admitting the mistake and insisting on continuing with that policy that the citizen paid for, given that prices in the markets have doubled.” With the sharp rise in the price of the dollar,”

he said, noting that “the market situation today confirms the government’s inability to address, and instead of progress and economic prosperity, we live today in stagnation in the markets without finding any results from the white paper that the government talked about nearly a year ago.”  burathanews.com

butterfly   Somo: The Kurdistan region has not committed to exporting oil through our company

2021-06-04  Somo - The Kurdistan region has not committed to exporting oil through our companyToday, Thursday, the Director of the National Oil Marketing Company (SOMO), Alaa Al-Yasiri, confirmed that the Kurdistan region has not yet committed to exporting oil through our company, while he expected a rise in oil prices if two things were achieved.

Al-Yasiri said in a television statement, “Iraq’s oil exports currently exceed two million and 900 thousand barrels per day, and one million and 800 thousand through the ports of the south, and 100 thousand barrels from Kirkuk through the Turkish port of Ceyhan.”

Al-Yasiri added, “Iraqi oil is exported to all markets, and the Asian market is the most prominent, and we expect an increase in oil prices in the coming months after the return of commercial activity and global economic activity.”

With regard to the oil file in the Kurdistan region, he explained that “the federal general budget law for the fiscal year 2021 deals with the agreement with the Kurdistan region regarding oil, but the Kurdistan region has not yet committed to exporting oil through our company.”

The second paragraph of Article 11 of the 2021 Budget Law states that the Kurdistan Regional Government is committed to producing crude oil from its fields, at an average quantity of no less than 460,000 barrels per day.

Allocations of the region’s share of petrodollars, provided that the values ​​of the delivered quantities are not less than the amounts realized from the sale of 250 thousand barrels of crude oil per day at the price of SOMO. burathanews.com

butterfly Major UAE Firms want to Invest in Iraq..........4th June 2021 ..............The UAE's Ambassador to Iraq, Salem Issa Al Zaabi, has reportedly to the Federation of Iraqi Chambers of Commerce that several major Emirati companies want to invest in Iraq.

Salem Issa Al Zaabi added that he had a productive meeting with the Federation's President, Abdul Razzaq Al Zuhairi, who said that Iraq is keen to enhance relations with the UAE.  (Source: WAM)

butterfly Iraq Stock Market Report........4th June 2021 in Investment.....................Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd June 2021).

The RSISX index ended the week at IQD896 (-2.3%) / $775 (-1.7%) (weekly change) (+23.5% and +16.9% YTD change, respectively). The number of week traded shares was 54.8 bn and the weekly trading volume was IQD57.6 bn ($38.4 mn).      http://www.rs.iq/companies

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

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.

Al-Zaidi said in a press statement, “Some provisions of the law are scattered here and there, but they were collected in one paper to achieve benefit from them, and the Ministry of Foreign Affairs will benefit from them and even intelligence.”

He added: “Whoever has wealth or accumulates and raises suspicion, he must show identification papers, and this does not start with the adoption of the law, but rather from taking office, such as special grades.”

And he continued, “The law gave the Ministry of Foreign Affairs the opportunity, and even obligated it, to conclude some agreements with other countries, and this power of attorney will be given to the government by the law, meaning that there will be a power of attorney to pursue funds outside or inside Iraq.”

And he went on: “It is our role to legislate the law and send it to the House of Representatives, as the President of the Republic is the protector of the constitution, and this allows him to follow up on the implementation of laws, and the prime ministers and representatives are the ones who have the authority to implement or follow up on laws.”

And the Presidency of the Republic announced, earlier, the full text of the bill to recover Iraqi funds from abroad.

The President of the Republic, Barham Salih, said that “the draft law includes subsequent steps to recover corruption funds, and includes supporting financial and supervisory institutions and activating their tools.”

He added: “Iraq has lost a lot of money because of corruption, with a value of one thousand billion dollars since 2003 due to corruption.”

He continued, “150 billion dollars have been smuggled from corruption deals abroad since 2003,” noting that “corruption cannot be dealt with locally.”    http://almasalah.com/ar/news/210238/%D9%

Dave   The money recovery law is implemented retroactively and an examination of suspicious wealth..........hmmm......???? Will have to ask Kap fer a translation on that!

 Dave   150 billion usd......almost 200 trillion IQD......wonder how many semis that would be?

Dave   consider if they could get back one thousand billion dollars since 2003 due to corruption.”.......a Quadrillion IQD..........just would feel sorry fer those that would have to count that out...LOL

BobbyC   Hopefully they pass and implement that law

Dave    implemented retroactively????

BobbyC   Yep to 2003. Draft Law being key

BobbyC   Question will arise as to what Parliament will do with it

Dave   Bonuses!

BobbyC   Once passed, that's when the bureaucracy begins. Ya can't just go to an out of country Bank and ask for your money back. Banks will require some type of legal document issued usually by a Court. Hell even a fraction of that money would be key for Iraq. Then we'll see how it's used

Dave   BobbyC 150 billion abroad.....already frozen.......

BobbyC   If there was a Court order issuing those funds be frozen, Iraq is 1/2 way there. Now they have to prove those funds were indeed stolen. Were they frozen?

Dave   BobbyC been frozen fer awhile.....

BobbyC   Cool I haven't seen that

Dave   old news....

BobbyC   Would love to see it. I'll look for it

Dave   posted that news 6 months ago or more

BobbyC   cool it should be easy to find Thanks

Dave   :(.........nobody ever believes me

BobbyC   Lol I believe ya just would love to see how they did it

Dave   TNT easier to believe.......

BobbyC  The U.N and even our White House has issued orders on Corruption. Our WH did it in 2018, I believe, thru an Executive Order. Back then we were excited because of the corruption in Iraq

BobbyC  If TNT said it, we got issues lol

BobbyC   I do believe ya now we wait and see what Iraq does

BobbyC  https://trumpwhitehouse.archives.gov/presidential-actions/executive-order-blocking-property-persons-involved-serious-human-rights-abuse-corruption/

Dave      LINK

Supreme leader dinard   Dave they should try defrosting that money  Or at least stop being corrupt

Dave   seems like they require setting up some Embassies with foreign Nations

Supreme professor dinard   Dave they probably have one in Iran lol

Dave  Jordan was a major holder as i recollect   150 billion.......quite sure we will hear more on this........just liked the word Retroactively........translational difficulties with other languages...... esp with words like NO......

BobbyC   Iraqi news is a tough one for sure. Whenever I see "law", I always look to see what Parliament has done. Since most MP's, and their Bloc leaders are corrupt, it will be a tough one to get passed verbatim. That's why we saw the GOI challenge the 2021 Budget. Parliament chews it up to their liking

BobbyC   GOI meaning the Executive Branch

Dave  Just meeting Quorum........

Dave   at a cross road..........cant move forward........

BobbyC  100% Depending on what's being voted on, they will show up. Now most will be running for Election and showing up will become secondary

Dave   BobbyC cancel Questioning of minister fer fear of an Insurrection.....news from last day

BobbyC   * I'm still waiting on them to question the CBI on the devalue. That devalue made perfect sense but the reasoning's behind it didn't fit the political narrative. That narrative was to divert attention away from Iraq's ineptness/corruption since 2003

Dave   BobbyC All nations been clobbered.........Iraq a very poor nation.......have to do what they have to do with all they got

BobbyC   I'd love to see the CBI stand before Parliament and talk about corruption within the Auctions. Won't happen because it would be political suicide for the Banking system.

Dave  BobbyC Govt determines who attends CBI auctions not CBI

BobbyC   Once you see a 60/40 split on the oil to non oil revenues, we might see what Delete the Zeros really means

BobbyC  That's not true. Attendees to the Auctions are "supposed" to submit a written request on what amount of funds they would receive thru the Auctions. The GOI would have a say within their Banks and IF the MOF took over the Auctions. The CBI is supposed to be independent of the GOI and it's the CBI who controls and publishes those results

BobbyC   I should've said those request go directly to the CBI

Dave   once approved by GOI

BobbyC  Now the MOF hold 1 to 2 Auctions a year and that's GOI sponsored

Dave   about 30 some companies involved

BobbyC   Still having a hard time figuring out how the GOI controls the Auctions. They do go to the CBI and exchange USD for IQD. Maybe they do but that would cast shadow on the CBI's independence

Dave   CBI has argued looted funds from auctions not their fault......GOI determines who attends the auctions

Dave   have posted this news also..numerous times.......:(........

BobbyC  Ok I just miss out lol

Dave  missed the boat plenty of times also.......

BobbyC   Actually it's the before and after affect of the Auctions. Falsely submitted request to the Auctions beforehand and once they get the money, it's the Currency Windows that fail to verify released funds for imports/exports

Dave   CASH AUCTIONS........

BobbyC   If they CBI has true independence, they would do away with the Auctions and have the verification process go strictly thru the Banking System. That's why the CBI has pushed the letters of credit program. Now the Auctions are bult into two tiers. Money for foreign obligations and cash sales

BobbyC   Both are corrupt just on different levels

Dave  BobbyC CBI has reserves near solely from these auctions on the spread .. would be broke without them

Dave   Central Banks make money through banking.......1/3 of Iraqis actually have bank accounts currently...? little to no foreign investment currently.......Central banks make huge from mortgages/loans.....right off the top and can then leverage that loan amount 1000x...".Fractional banking"

BobbyC  Well look at what the CBI sales the USD per IQD for then look at what the Banks sell it to the Currency windows for, then look at what the Citizen buys it for. I haven't checked lately but before there was a +30 or more before it finally settled to the Citizen. It's called the volatility of money. That's why if the CBI was truly independent, they would do away with all the middle men, thus the Auctions. For now they can't because the IQD is not used in paying external debt and the Citizen loves the USD

BobbyC  No doubt the Banks can use numbers to their advantage for on hand Capital. Just look at what they did to Basel III … Gold was bumped up as an asset to give the Central Banks more leeway … I say asset but it went from Tier 3 or something to Tier 1

Dave  BobbyC LoL........If i walked into a bank with only 1Million in cash........betcha cops would be called????

BobbyC :HaHaHa:  NO DOUBT   Or the UST

Dave   CBI likes transparency i hear.....so the story goes......

BobbyC  CBI's monetary policy is head and shoulders above the GOI's economic policy. 2 separate identities but both run parallel. Once the GOI gets it's house in order, Iraq will explode with riches

BobbyC  economic   ..oops economic/fiscal policies for the GOI     CBI is hamstrung politically for now

Dave   BobbyC yeppers.....CBI has done very well imo......

BobbyC   100%

Dave  inflation currently global.......at least we have credit cards to absorb that....Iraq not so much ..   Tariffs on imported furniture from Asia up 274% from last week.....Food prices gone crazy here.....Coke and Doritos still cheap like borscht……     https://www.expatistan.com/cost-of-living/country/iraq

BobbyC It's all part of the plan lol

Dave  a pack of smokes...2100 dinar......?  1 liter (1/4 gallon) of gas 587 Dinar

BobbyC  foreign exchange wise that ain't bad …  I'd go back to smoking for that price lol

Dave gas cheaper than what we pay fer water.......

BobbyC crazy stuff

Dave 2 liters of coca-cola 1,385 Dinar.......gas cheaper than coke.......lol.......

EYEGUY   Howdy folks ............Hope your all well ?

BobbyC   Wet on the Gulf Coast of Texas

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Zig’s Place Chat and News Thursday PM 6-3-21

Zig’s Place Chat and News Thursday PM 6-3-21

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

Sheila   TWW hey there   TWW how are you feeling? got rested from your long project?

TWW   sheila Sorry, been on the phone...Im not, still, feeling very well but life life, everything is temporary  been in the hospital for a spell for 2 surgery

Sheila TWW One day, would enjoy hearing recaps about your last few months... first hand experiences.

TWW  Got something to share that took place at Chase

Sheila  TWW Did not realize you had surgeries. Are you healing at good pace?

Sheila  TWW Share now, please. Would appreciate the hopium

Sheila  TWW So what took place at Chase?

TWW  sheila Chase sent me an automated today to meet the new mgt today...

TWW   So I had a driver pick me up & took me to my bank...

sheila TWW And???

TWW Well he was my bank mge from 10 yrs ago... So he asked after a while of chattin togeather...

Sheila TWW go on

TWW & I poped a question abt upcoming currency exchanging...& and if he knows wats going on...

Sheila  TWW on edge of my seat

TWW So he smiles as he turns he head to both sides and said...

Sheila and?

TWW " well T, u still have the same as u did 6 yrs ago mayb more...

TWW  I said several more  So he looked my account up

Sheila  ... ?

TWW 'OOOOO some goodies I see...

Sheila   Zeros or OOOH's

TWW  'U will b in good shape...I was at the main branch last month & a lot of training was goiny on'...

Sheila TWW very nice happenstance of confirmation

Sheila  TWW Was he only asking you about dinar?

TWW   It seem like this process should not take much longer, kcant say when u know what I mean, Im sure T'...the ** Arabs really need to learn to be progressing.

Sheila TWW Thinking delayed activation is more about what's going on here in America.

Sheila Opinion... not fact.

TWW sheila NO on my bank file, it shows every currency I have bought at 3 location, nice confirmation from my banker

TWW  since 2014

Sheila TWW good onya

TWW  they have no idea that I have buys from a few currency banks

Sheila guy's gotta have some backup funds

TWW Chase has always been good to me

Sheila  TWW good endorsement

TWW  I am being very serious & being very up front

Sheila   TWW Okay. Am looking at First Horizon, maybe.

TWW   more stuff??? On Tuesday 10 of us got together for breakfast & coffee in a private room at a diner. One flew uf from AZ

Sheila   alrighty... sounded like you did some good stuff. for god and country.

  TWW   OOOOO yes indeen, one was my Rabbi, one a pilot, one retired AG sec, on Dental manuf co, one a scientist etc

Sheila   TWW diversity in it's purest form - capitalism

TWW   Most of us have been close friends for abt 8 yrs

Sheila   TWW circle of friends

TWW   Id say so but u beat me to it lololol

Sheila   TWW I am so looking forward to meeting you one day - soon. lolol

TWW   there will be time for that

TWW  Need to take some ARNICA, tuff pain coming bk, itz bed time too   nite nite

Sheila   TWW Agree... this is my fasting day and I have run out of energy. Lovely to hear from you tonight. good thoughts, good words, good actions... and good night gracie

Sheila   lolol

  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 PM 6-2-21

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

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

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.

The purchases amounting to 178 million and 16 thousand 789 dollars went to strengthening balances abroad in the form of remittances and credits, while the remaining amount of 18 million and 700 thousand dollars went in cash.

Our correspondent indicated that 34 banks responded to requests to enhance balances abroad, and 13 banks to meet cash requests, pointing to the participation of 11 exchange companies.

Dave   butterfly interesting news......surplus of cash...."the money recovery law"....to be voted on.......hmmm or should I say HMMM??? Alot of cash on that table to recover.......

Dave  120 billion usd......150 trillion ish IQD.......

Dave  should be able to clear up some loose ends with that.......

Dave  ......he intends to present dangerous documents and evidence that will make the demonstrators storm Parliament, because of the files and evidence of major corruption cases.”

Dave  best cancel that??????

butterfly The delegation of Kurdistan discusses with the President of the Commercial Bank of Iraq the issue of liquidating the bank's balance in the banks of the region

Wednesday 02 June 2021 22:35...........The Secretary of the Kurdistan Regional Government, Amang Rahim, discussed with the President of the Commercial Bank of Iraq Salem Chalabi the issue of liquidating the bank's balance in the banks of the region.

The website of the Patriotic Union of Kurdistan stated that, within the framework of the visit of the delegation of the Kurdistan Regional Government headed by Qubad Talabani to Baghdad, Amanj Rahim, Secretary of the Council of Ministers of the Kurdistan Region met today, Wednesday, with Salem Chalabi, President of the Commercial Bank of Iraq. "

During the meeting, which was attended by Abdul Hakim Khosrow and Samir Hawrami The two sides discussed the issue of liquidating the balance of the Commercial Bank of Iraq in the banks of the Kurdistan region, as indicated by Article 11 of the Federal Financial Budget Law for the year 2021, related to the Kurdistan region.

The two sides exchanged, according to the site, documents and information, and agreed to hold a new meeting to develop a mechanism for dealing with the file.

butterfly  Rouhani: The main outstanding issues with the United States have been resolved in the Vienna negotiations

Wednesday 02, June 2021 21:21 ......... Iranian President Hassan Rouhani confirmed the solution and settlement of the main outstanding issues with the United States in the Vienna negotiations.

Rowhani said during a cabinet meeting Iran on Wednesday: We have been resolved and the settlement of the main our issues with the Americans in Vienna and there are a number of sub - issues still remain and that they will , based on the government to this work , I say that the government has completed this work. "

Rowhani added , according to media Iranian: "The Americans saw that they could not defeat Iran, so Biden announced in his election campaigns that if he wins the presidential elections, he will return to the nuclear agreement."

He continued, saying: If the will is based on the government doing this work, the government has accomplished that. I use the past tense, not the present tense. We've done our work and we're done with it. We have remained loyal to the Iranian people in what we promised them about the embargo. We broke the ban once in 2015 and once in 2021 so we've done our job."

butterfly   For all iphone users, this is great information. https://www.youtube.com/watch?v=gqdx11GfxHQ

NORV   :Float:  :Float:  :Float:

Sheila   USE YOUR OWN DISCERNMENT: Bruce’s Big Call Replay LINK Intel Begins: 1:12:22 --

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs2941.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FR3wl --

BRUCE IS A FORMER COMMERCIAL BANKER! HE HAS BEEN IN THIS AS LONG AS I HAVE! HE RECENTLY DISCLOSED THAT ONE OF HIS CONTACTS IS OR WAS WITH THE US.....[T] .

Bruce’s Big Call Intel Tuesday 6-1-21   Call Transcribed by WiserNow Emailed to Recaps

Welcome everybody to the Big Call tonight – it’s Tuesday June 1st and you’re listening to the Big Call – thanks for tuning in alive or if you are catching this call on the recording or replay - I think we are off and running – We are in a really really good place – it’s the first of June and I’ve got several things to share with you tonight - so let’s get started on the intel   https://dinarrecaps.com/our-blog/bruces-big-call-intel-tuesday-6-1-21

Sheila   https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs2941.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FR3wl

Sheila   USE YOUR OWN DISCERNMENT: Nicks Intel Update, June 2, 2021 -- https://nicksintel.wordpress.com/2021/06/02/06-02-2021-update/

butterfly   Four cases of black fungus were diagnosed in Kirkuk

Thursday 03, June 2021 00:06 ...........The Director General of Kirkuk Health, Dr. Nabil Hamdi, announced the diagnosis of four cases of black fungus disease in the province.

And he said in a statement: “These four cases belong to elderly people, suffering from diabetes and immunodeficiency, and there is no need to panic, as the disease is not an epidemic like Corona, but rather has existed since 1885.”

butterfly   Thursday's newspapers follow corruption files and government measures regarding them.. and the expected ministerial change in Al-Kazemi's government

Thursday 03, June 2021 01:29..............The newspapers issued in Baghdad today, Thursday, the third of June, followed up on corruption files and the government's measures regarding them, the expected ministerial change in Mustafa Al-Kazemi's government... and other security, political and economic issues.

Al-Zawraa newspaper, which is issued by the Iraqi Journalists Syndicate, has followed up on corruption files and government measures regarding them.

In this regard, she referred to the Parliamentary Integrity Committee's assertion that there is no real will on the part of the government to combat corruption files.

The committee's rapporteur, Deputy Abdul Amir Al-Mayahi, said in a statement to Al-Zawraa: "All ministries and state departments in Iraq have corruption files. Corruption files are many, as well as indicators of corruption against some members of Parliament, especially regarding the electricity file."

Al-Mayahi added: "There is no official request from the judiciary regarding lifting the immunity of some deputies accused of corruption cases and files."

butterfly   Speaking to the Parliamentary Integrity Commission decision on the sentence of corruption files, including the holding of medical masks between the Ministries of Industry and Health, which is still a dead letter, and file school trips to the Ministry of Industry , which received 120 billion dinars from the Ministry of Education has not processed a single trip. "

The newspaper added:" I criticized the bloc alliance Al-Fath, Minister of Finance Ali Allawi, several times, evaded interrogation in Parliament sessions and through the continuous postponement of sessions under mysterious circumstances.” And it quoted the representative of the coalition Mithaq Al-Hamidi, saying: “The parliament’s representatives collected signatures to interrogate some ministers and governors, including the Minister of Finance. , whose interrogation has been included more than once on the agenda, and we are always surprised by the change in the interrogation date or the postponement of the entire session,” stressing that “this matter is a clear circumvention of the oversight role of the House of Representatives.”

butterfly  Al-Hamidi added: “The government did not abide by any of its promises or implement the so-called white paper, except for the decision to raise the exchange rate of the dollar against the Iraqi dinar, which burdened the citizens and increased the poverty rate in Iraq,” indicating: “The decline in support for the national product and the lack of interest in the industry.” And agriculture make Al-Kazemi’s government with false promises that do not serve the interests of the citizens and lead to their livelihoods for the worse.”

Al-Mashreq newspaper / I talked about a possible ministerial change in the government of Mustafa Al-Kazemi, which includes several ministers.

And the newspaper said in this regard: “The deputy of the / Sairoon / Jawad Al-Moussawi bloc revealed a ministerial change in Mustafa Al-Kazemi’s government during the coming period, which will include five ministers.”

It quoted Al-Moussawi as saying: “Prime Minister Mustafa Al-Kazemi took a decision to replace 5 ministers in his government,” noting:

The MP pointed out: "The alliance of (Sairoon) with the step of replacing the ministers who did not provide anything on the ground," pointing out: "The names will be sent to the House of Representatives in the coming days."

butterfly   And Al-Mashreq added: "The Parliamentary Committee for Monitoring the Governmental Program and Strategic Planning announced setting a schedule to host nine ministers during the coming period, to complete its annual report to evaluate the government's work during its one-year life."

She referred to the statement of the Deputy Chairman of the Committee, Muhammad Al-Baldawi: "The committee has been working for a while, to prepare a report that will be submitted to the House of Representatives to assess the government's work within a year of its life, and the extent of its implementation of the government program approved by the House of Representatives during granting confidence to the government."

And Al-Baldawi said: "The committee has many observations regarding the government's work for the past period."

He explained: "The ministers included in the hosts schedule are the ministers of defense, finance, interior, education, higher education, scientific research, labor, social affairs, water resources, agriculture, construction and housing, and other ministers will also come after them, successively."

In another matter, Al-Zaman newspaper continued, the protest demonstrations continued in Nasiriyah, the capital of Dhi Qar Governorate.

The newspaper said: "The Nasiriyah demonstrators closed the Nasr and Zaytoun bridges with burning tires, to demand job opportunities, which prompted the prime minister, at the request of Governor Ahmed Ghani al-Khafaji, to appoint a new commander for Sumer operations, as well as to agree to send security reinforcements to address the state of tension in the province." since days".

butterfly   Al-Zaman indicated that Interior Minister Othman Al-Ghanimi, accompanied by Deputy Commander of Joint Operations, Lieutenant-General Abdul-Amir Al-Shammari, arrived in Dhi Qar to review the security situation after their visit to Basra Governorate.

It quoted unnamed sources as saying: "Al-Ghanimi canceled his press conference scheduled to be held in the governorate's office because some protesters, who gathered in Nasiriyah, prevented him from entering the city."  

As quoted by eyewitnesses:

The newspaper continued: "The graduates of the supporting colleges and Islamic institutes in the governorate continued to close the governorate's education building for the third day in a row, in protest against their exclusion from contracting as part of the payments of free lecturers. Restrict it to a specific category.”

butterfly  Determining a new location to receive the auditors of the Department of Political Dismissed Affairs

Wednesday 02 June 2021 23:39 ............ The Department of Political Dismissed Affairs in the General Secretariat of the Council of Ministers has set the site of the martyr's monument on Palestine Street, to receive citizens claiming political separation, instead of the current citizen service site in the former Ministry of Construction, Housing, Works and Municipalities building.

The head of the department, Rasoul Abdel Ali, attributed the reason for the move, according to a statement by the secretariat, to the inability to absorb the numbers of citizens, in addition to taking into account the health status of citizens, the majority of whom are elderly, and that the new site accommodates the number of visitors and is equipped with amenities.

He added that the date for receiving visitors will be on Monday of every week, from nine in the morning until two in the afternoon, and that entering the site, through the special gate from the side of the Army Channel.

BobbyC   butterfly In numbers.. Iraq achieves a monthly surplus for the first time since February 2020

02/06/2021 11:29:37  In numbers.. Iraq achieves a monthly surplus for the first time since February 2020In numbers.. Iraq achieves a monthly surplus for the first time since February 2020

Iraq achieved a monthly surplus in March of 2.1 trillion dinars, the first time since February 2020 that this surplus was achieved.

The Iraq Future Foundation for Economic Studies (a non-governmental organization) said, “The Iraqi state’s revenues for the month of March, according to the data of the Ministry of Finance, amounted to 7.2 trillion dinars, of which oil revenues amounted to 6.1 trillion Iraqi dinars, while total expenditures amounted to 5.166 trillion dinars.”

It indicated that “the amount of what the Iraqi state achieved in the first quarter of the year was 17.3 trillion dinars, of which oil revenues amounted to 15.2 trillion dinars, while total expenditures amounted to 17.4 trillion dinars, and thus the total deficit for the first quarter of the year amounted to 131 billion dinars.”

THANK YOU FOR THAT

Sheila   Going Up The Country by Canned Heat - https://www.youtube.com/watch?v=4eQMA_noRYQ

Xyz   After the rise in oil prices, a deputy reveals the date of changing the dollar exchange rate

6-2-2021   Representative Ghaleb Muhammad Ali confirmed, on Wednesday, that changing the dollar exchange rate is exclusively within the authority of the Central Bank of Iraq, ruling out the possibility of changing the exchange during the current year.

Ali said in an exclusive statement to the NRT Arabiya website , today (June 2, 2021), that "the rise in oil prices to more than $70 contributed to ending the deficit in the general budget and increasing the hard currency reserve in the Central Bank."

He added, "It is possible to spend the additional amounts on projects and investment projects included in the 2021 budget."

He explained, "Reducing the dollar exchange rate is not within the authority of Parliament or the Ministry of Oil, but it is the exclusive authority of the Central Bank of Iraq in cooperation with the Finance, and the exchange rate is not linked to the budget or the rise in the price of oil."

He added, "The Central Bank of Iraq can reduce the price of the dollar, but it will not take any decision during this year at the very least."

It is worth noting that the Central Bank of Iraq, last December, raised the exchange rate of the dollar against the Iraqi dinar from about 1220 dinars to 1450 dinars, which severely affected people with limited income.

  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 News Wednesday AM 6-2-21

Zig’s Place News Wednesday AM 6-2-21

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

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.

He added: While total expenditures amounted to 17.4 trillion dinars, and thus the total deficit for the first quarter of the year amounted to 131 billion dinars.

butterfly   The dollar continues to rise in the Iraqi stock market

Wednesday 02 June 2021 10:24........The dollar exchange rates continue to rise today, Wednesday, in the main stock exchange and local markets in the capital, Baghdad.

The dollar exchange rate rose on the Central Kifah Stock Exchange in Baghdad today, recording 149,500 dinars, for each $100 bill.

And the prices of buying and selling dollars in banking offices and local markets in the capital Baghdad were relatively stable, as the selling price reached 150,000 thousand dinars, for each paper denomination of 100 dollars, while the purchase prices amounted to 149,000 thousand dinars, for each paper denominations of 100 dollars.

butterfly   Oil prices continue to rise globally

Wednesday 02 June 2021 10:23...........Oil prices rose today, Wednesday, after OPEC and its allies adhered to their plan to cautiously restore oil supplies in June and July, while they expected a strong recovery in fuel demand during the summer in the United States.

West Texas Intermediate crude futures rose 21 cents, or 0.31%, to $67.93, extending its 2.1% gain after the US Memorial Day holiday on Monday. Prices rose to their highest levels since October 2018.

Brent crude futures rose 25 cents, or 0.36 percent, to $70.50 a barrel, after jumping 1.3 percent overnight when they reached their highest levels since March 8.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, called the OPEC+ community, agreed on Tuesday to stick to their plan to gradually ease supply restrictions until July.

OPEC Secretary-General Mohammad Barkindo downplayed any potential market disruption, saying the group expects any return of Iranian exports to "take place in an orderly and transparent manner" if and when a nuclear deal is reached.

butterfly   Al-Rafidain: Loans of 50 million dinars for construction include employees and citizens, with a grace period of 3 months

Wednesday 02 June 2021 10:21 .............Al-Rafidain Bank confirmed that construction loans for employees and citizens amounting to 50 million dinars will be repaid in 10 years.

The bank's media office said in a statement that "the bank granted a grace period of 3 months, starting from the date of using the loan."

He pointed out that "the interest on the loan is 5 percent, and there is priority and preference for MasterCard holders in obtaining the loan."

butterfly  An unprecedented decline in the value of the Turkish lira against the dollar

Wednesday 02 June 2021 09:39 .............The Turkish lira recorded an unprecedented decline against the dollar after Turkish President Erdogan announced last night to reduce the interest rate by depositing the Turkish lira in local banks.

Where the lira fell from 855 per hundred US dollars to 883 per hundred dollars, and there are fears that the Turkish lira will exceed its decline below that number.

butterfly   Al-Maliki stresses the importance of holding the elections on time

Wednesday 02 June 2021 15:14...........The head of the State of Law coalition, Nuri al-Maliki, stressed the importance of holding the elections on the specified date. In turn, the Russian ambassador affirmed his country's interest in strengthening relations between the two countries, its readiness to cooperate in all fields, and his country's keenness to cooperate in various issues of common interest.

butterfly   Al-Kaabi: The money recovery law will give the supervisory and executive authorities broader powers

Wednesday 02 June 2021 16:01........The First Deputy Speaker of the House of Representatives, Hassan Al-Kaabi, stressed the importance of expediting the legislation of the (corruption revenue recovery) law and the legislation of all laws that would strengthen the work mechanisms of the supervisory and executive authorities and give them broader powers and legal force in holding corrupters accountable, regardless of who is behind them.

Al-Kaabi indicated, during a joint meeting with the heads and members of the parliamentary committees (integrity, financial, legal) at Al-Salam Palace, under the auspices of the President of the Republic, Barham Salih, to discuss a draft law (recovering corruption proceeds), to the powers to act in pursuit of looted funds inside and outside Iraq, most of which came as a result The failed and failed policies of previous governments, which exposed public money to waste, looting and loss, and helped many corrupt people get rich quickly at the expense of the deprived Iraqi people.

Al-Kaabi called on all parliamentary committees and members of the House of Representatives to exercise their oversight and legislative role entrusted to them, which are moral tasks before they are legal, as they are representatives of the people, especially during this period when some are trying to stir up public opinion by marketing rumors that MPs are busy with electoral propaganda and not Interested in their parliamentary duties, stressing the necessity of continuing and increasing the activity of the legislative authority and its efforts during the coming period and the completion of the legislation of all important laws that affect the life of the citizen and the preservation of public money, and other legislative and oversight tasks.”

Butterfly   / NINA/ publishes the text of the draft law on "recovering corruption proceeds"

Wednesday 02 June 2021 16:09........National Agency publishes Iraqi News / Nina / text of the draft law " to recover the proceeds of corruption" submitted by the President of the Republic , Barham Salih , to the House of Representatives.

The procedures of this law are subject to all Iraqi state officials who have held high positions most vulnerable to corruption, since 2004 until now, from the rank of general manager or above, and the competent financial authorities are preparing a documented list of the occupants of these positions during the past 17 years.

The law aims to recover the following funds inside and outside Iraq: criminal funds and proceeds of any corruption crime, property equivalent to its value, revenues and benefits derived from the proceeds of a corruption crime and property transferred to, exchanged, or mixed with it.

The Integrity Commission shall provide the Central Bank of Iraq with a list of high office holders, their family members and people closely related to them within three months from the date this law comes into force, and update it annually, and the Central Bank of Iraq circulates it to financial institutions for audits.

The investigation and investigation of corruption funds also includes family members, friends and associates of officials who have any kind of political or commercial relationship, as well as those with influence who are the people who have an influence in decision-making within the state’s facilities and agencies.

butterfly   The holders of senior positions must submit a written declaration within 60 days authorizing the Integrity Commission and the Iraqi courts to request information from the countries in which they have bank accounts. This is considered an acknowledgment by them to lift the secrecy of their balances to the official Iraqi authorities and the countries in which the bank accounts are located. Otherwise, after 60 days, he is considered resigning from his job.

The Integrity Commission, based on the availability of evidence and in coordination with the Intelligence Service and the Financial Supervision Bureau, may investigate financial transactions, transfers and property inside and outside Iraq of those covered by this law, to investigate their sources and the nature of their influence in decision-making within the state authorities and agencies, and to prosecute any corruption crimes that appear as a result of investigations.

butterfly   Teams 🔷cecchel investigation and fact - finding between the State Department and the intelligence service and the Integrity Commission and the Central Bank of Iraq and the Office of Financial Supervision, in cooperation with States, to investigate the money smuggled abroad and corrupt, and the collection of information and documents about the money of Iraqis in these countries who have held senior positions in Iraq ".

🔷 The Ministry of Foreign Affairs, through the relevant ministries and bodies, shall develop a plan for concluding bilateral agreements with countries to recover Iraqi money smuggled abroad and its revenues and the corrupt and hand them over to the Iraqi authorities.

🔷 Contracting with solid international investigation companies in order to investigate Iraq's money smuggled abroad and its returns.

The financial institutions, the Central Bank of Iraq, are notified of lists prepared of financial transactions, the value of which exceeds 500 thousand US dollars, for investigations.

butterfly  The Iraqi financial institutions, under the supervision of the Central Bank, are obliged to verify customers to determine the identity of the owners of funds deposited in accounts valued at more than one million dollars.

Cancellation or termination of any investment contract or license concluded based on bribery, abuse of influence, or any act of corruption.

To encourage reporting of corruption, a financial reward of up to 5% of the value of the corruption offense is granted to the informant who provides information on a crime that leads to the recovery of corruption funds.

Punishments for those convicted of corruption offenses include confiscation and expropriation of all their movable and immovable property, and legal documents and instruments.

butterfly   The death of the accused of corruption or the expiry of the period of the lawsuit, does not preclude his responsibility for the crime and may not be pardoned, and his property and money are subject to penalties for corruption charges.

butterfly   2021-06-02 05:22   Shafaq News/ The sales of the Central Bank of Iraq (CBI) of hard currency hovered at nearly the same levels as the past few days.

Shafaq News Agency correspondent reported that CBI sales at the Foreign Exchange Auctions today, Wednesday, settled at $196,716,789, compared to $186,376,000 yesterday. The weighted average rate of the dinar to the U.S. dollar amounted to 1460.

Our correspondent explained that 13 banks and 11 exchange companies cashed $18.7 million, while $178,016,789 went to boost funds abroad in the form of transfers and credits, with 34 banks meeting those requests.

butterfly   2021-06-02 03:14   Shafaq News/ Basra light and heavy crude prices increased today, Wednesday.

Basra light crude exports to Asia reached 70.18 dollars, in time the heavy crude witnessed an increase to 66.71 dollars.

The Saudi light crude reached 69.54 dollars per barrel, while the Emirati Merban amounted to 69.67 dollars, and the Algerian Saharan for 68.81 dollars, and the Nigerian Bonny light oil amounted to 69.37 dollars.

Global oil prices increased today, as Brent crude oil amounted to 70.50 dollars and West Texas Brent crude reached 67.92 dollars.

butterfly   2021-06-02 02:19 Shafaq News/ The Dinar/Dollar exchange rates rose in Baghdad and Erbil today, Wednesday.

Shafaq News Agency correspondent said that Al-Kifah and al-Harithiya Central Exchanges are trading the 100 US dollar at 149500 Iraqi Dinars.

Our correspondent added that today's selling and buying prices in the local markets rose to 150000 and 149000 dinars per 100 dollars.

In the capital of the Kurdistan Region, Erbil, the US buying and selling prices rose to 149700 and 149500, respectively.

butterfly   Federal Court: Amending the Provincial Council Elections Law, which ended the continuity of its work, is in accordance with the constitution

Wednesday 02 June 2021 16:49.........The Federal Court announced that the Law of the Second Amendment to the Provincial and District Council Elections Law No. 12 of 2018, which ended the continuity of the work of the provincial councils, is in agreement with the constitution, stressing: "The work of the provincial councils after the end of their electoral cycle is contrary to the provisions of the constitution and the will of the people."

Today, Wednesday, the Federal Court issued its decision, which included: “The existence of provincial councils is a constitutional fact that cannot be bypassed, and therefore the legislative authority may not legislate a law that includes the abolition of those councils, as it contradicts the provisions of the constitution and the principles of democracy and the peaceful transfer of power, but the continuation of the work of the elected councils is the same, If national councils or local bodies, after the end of their electoral cycle, constitute a violation of the people’s right to vote, elect and be nominated, and transgress the will of the voter.”

The court explained that "the period specified for the work of the provincial councils is obligatory to adhere to and cannot be exceeded, as this is the right of the people and is exercised by them in periodic direct elections."

She explained, "What was stated in the third paragraph of Article 1 of Law No. 27 of 2019 the second amendment to the Provincial and District Council Elections Law No. 12 of 2018 does not mean canceling the existence of the provincial councils as a local constitutional body, but rather stopping the continuation of the work of those councils for exceeding the specified period for them, This represents a return to the will of the people to renew her election."

butterfly   She continued, "The provincial councils are administrative and local bodies that are entrusted with the implementation of financial and administrative powers only within the principle of administrative decentralization, and the constitution did not authorize them to exercise legislative powers," noting that "Law No. 27 of 2019 the Second Amendment Law to the Provincial and District Council Elections Law No. 12 of 2018 The rate that ended the continuity of the work of the provincial councils is in accordance with the constitution, and on the basis of that the court decided to dismiss the case.”

butterfly   The World Bank confirms its commitment to support the path of economic reform in Iraq

Wednesday 02 June 2021 17:06..........The World Bank affirmed its commitment to support the path of economic reform that Iraq has embarked on, and to provide assistance and advice in order to proceed with achieving this.

The President of the Republic, Barham Salih, indicated, during his meeting today, Wednesday, with the Vice President of the World Bank Group for the Middle East and North Africa, Farid Belhaj, to the importance of strengthening cooperation between Iraq and the World Bank, and supporting financial reforms and economic structures related to raising their efficiency, as well as work and coordination for Combating corruption and limiting its effects, supporting investment and the private sector, and benefiting from human wealth, especially young people, in the process of building a healthy and sustainable economy.

Saleh added, "The government is working on economic reform plans, addressing the structural imbalances of the national economy, combating corruption and recovering its returns through international coordination, providing citizens' requirements, securing good living conditions, and facing challenges related to the economy, climate change and environmental protection as a priority in sustainable development, in coordination and benefit from international experience in this regard.

For his part, Farid Belhaj expressed his pride in the World Bank's partnership with Iraq and its importance, stressing the World Bank's commitment to support the path of economic reform that Iraq has embarked on, and to provide assistance and advice in order to proceed with achieving this.

butterfly   Australia confirms its continued support for Iraq and stands with it in its war against terrorism

Wednesday 02 June 2021 17:27........Australia renewed its continued support for Iraq in all fields and to stand by it in its war against terrorism.

And the Ministry of Foreign Affairs said in a statement that the National Iraqi News Agency / NINA / received a copy of it: "Foreign Minister Fouad Hussein received a phone call from Australian Foreign Minister Maris Payne, during which they discussed strengthening bilateral relations, and upgrading them to what meets the aspirations of the two friendly peoples."

According to the statement, the Minister of Foreign Affairs expressed his thanks to the Australian government for its supportive stances for Iraq in its war against ISIS terrorist gangs, calling for the continuation of this support until the eradication of the ideology that produced these terrorist groups.

The two ministers also discussed a number of regional and international issues of common concern, emphasizing the need to work to reduce tension and achieve calm in the region, and to avoid escalation that does not serve any party.

The Australian Minister of Foreign Affairs stressed: "Australia supports Iraq in all fields, including the security field, and the reconstruction of liberated areas, and that its government has stood by the Iraqi government in its war against the terrorist organization ISIS."

The Minister of Foreign Affairs invited the Australian Minister to visit Iraq.

butterfly   Deputy Speaker of Parliament: The presence of the United Nations mission and representatives of the European Union is very important during the elections

Wed 02, Jun 2021 17:32.........The First Deputy Speaker of the House of Representatives, Hassan Al-Kaabi, stressed the importance of the presence of the United Nations mission, the International Federation team and all international organizations in Iraq and their participation in monitoring the elections, because of their importance in motivating citizens to participate, the transparency of voting and enhancing the confidence of voters in the electoral process and the achieved results. .

Al-Kaabi indicated, during his meeting with German Ambassador Ole Diehl and political advisor at the embassy Beata Hobe, that "all previous elections were held under exceptional circumstances and circumstances, but despite that they were "accomplished" and there is no reason to postpone them, whatever the arguments some try to market in various ways. roads".

He added, "Previous experiences, although painful or unsuccessful in achieving the desired goals, but they have yielded experiences," noting that "the mechanisms for forming the next government will be different from the past eighteen years. There is a government responsible for implementing its programs, so we must move forward in building and maintaining a strong state."

For his part, the German ambassador affirmed his country's support for strengthening bilateral relations at various levels with Iraq, as well as the seven countries' support for the Iraqi economic sector for its importance in achieving stability for this country, expressing the willingness of German investment companies and their desire to work inside Iraq.

butterfly   The dollar touches 1500 dinars.. the list of exchange rates in Iraq

2021-06-02   The dollar touches 1500 dinars.. the list of exchange rates in IraqThe exchange rates of the dollar, international foreign currencies and precious metals in the Iraqi markets.

The price of the dollar against the Iraqi dinar

Exchange rates:   Dollar selling price  149,750   Dollar purchase price  149,000   approximate

Butterfly   The price of the dollar against the Iranian toman

Baghdad   $100  2,220,000 tomans   approximate

butterfly   foreign currencies   100 euros  121.91 dollars

100 pounds  $141.36   100 dollars  862.22 Turkish liras

butterfly   metal  The price of an ounce of gold globally  $ 1899.36   burathanews.com

butterfly   Finance prepares the general budget strategy for the next three years

Wednesday 2 June 2021 | 05:58 PM   Finance prepares the general budget strategy for the next three yearsOn Wednesday, Minister of Finance Ali Abdul-Amir Allawi chaired the ninth session meeting of the committee for preparing the federal general budget strategy for the medium term 2022-2024. A statement by the ministry, received by “Eye of Iraq News” today, stated that “the meeting was held in the presence of both the Prime Minister’s advisers and an undersecretary.

The Ministry of Planning, the ministry’s advisers and the general directors of the ministry and related ministries, where the committee discussed, according to the statement, “the report of the medium-term strategic plan for the years (2022-2024) on the external and internal debt and its scheduling.”

The Minister of Finance, Ali Allawi, said, according to the statement, that “the committee’s work and steps will contribute to In building a sound and stable financial situation for the country, which will enhance the approach to preparing budgets for the coming years within the financial resources available to address the reluctance that occurs in strategic projects.

Allawi stressed that “It will proceed to easily link long-term goals with future budgets to provide tools and procedures for preparation of financial departments and to prioritize activities to achieve the strategic objectives of the projects in proportion to the financial revenues of the country.”   aynaliraqnews.com

butterfly   For fear of protesters storming Parliament, Al-Halbousi prevents questioning the Minister of Finance

Wednesday 2 June 2021 | 02:36 PM   For fear of protesters storming Parliament Al-Halbousi prevents questioning the Minister of FinanceToday, Wednesday, a well-informed political source revealed that Parliament Speaker Muhammad al-Halbousi prevented the questioning of Finance Minister Ali Allawi, for fear that the minister would reveal dangerous files and documents.

The source said, “The Minister of Finance, Ali Allawi, requested that his questioning be conducted in the Iraqi parliament remotely and from outside Iraq, and that the session be public and broadcast on the air, because he intends to present dangerous documents and evidence that will make the demonstrators storm Parliament, because of the files and evidence of major corruption cases.”

And he indicated that “this matter prompted Parliament Speaker Muhammad al-Halbousi to withdraw from the questioning of Allawi, despite the appointment of the interrogation session, and al-Halbousi is currently working to push the fireball against him and in secret he is pushing deputies from Shiite political blocs to confront the Minister of Finance.”   aynaliraqnews.com

butterfly   Saleh to the World Bank delegation: Iraq is moving forward towards reforming the national economy and fighting corruption

06/02/2021 16:51:36   Saleh to the World Bank delegation - Iraq is moving forward towards reforming the national economy and fighting corruptionThe President of the Republic, Barham Salih, confirmed, on Wednesday, to a delegation from the World Bank that Iraq is moving forward towards reforming the national economy and combating corruption.

His office said in a statement that {Euphrates News} received a copy of it, that “the President of the Republic received, at the Peace Palace in Baghdad, the Vice President of the World Bank Group for the Middle East and North Africa, Farid Belhadj and his accompanying delegation, and during the meeting, the importance of strengthening cooperation was emphasized. between Iraq and the World Bank, and support for financial reforms and economic structures related to raising their efficiency, in addition to work and coordination to combat corruption and reduce its effects, and support investment and the private sector and benefit from human capital, especially young people, in the process of building a healthy and sustainable economy.

President Saleh pointed out that “the government is working on economic reform plans, addressing the structural imbalances of the national economy, combating corruption and recovering its returns through international coordination, providing citizens’ requirements, securing good living conditions, and facing challenges related to the economy, climate change, and environmental protection as a priority in sustainable development, in coordination.” and benefit from international experiences in this regard.

butterfly   For his part, Farid Belhaj expressed his pride in the World Bank’s partnership with Iraq and its importance, stressing “the commitment of the World Bank to support the path of economic reform that Iraq has embarked on, and to provide assistance and advice in order to move forward in achieving this.”   alforatnews.com

butterfly   In numbers.. Iraq achieves a monthly surplus for the first time since February 2020

02/06/2021 11:29:37   In numbers.. Iraq achieves a monthly surplus for the first time since February 2020In numbers.. Iraq achieves a monthly surplus for the first time since February 2020

Iraq achieved a monthly surplus in March of 2.1 trillion dinars, the first time since February 2020 that this surplus was achieved.

The Iraq Future Foundation for Economic Studies (a non-governmental organization) said, “The Iraqi state’s revenues for the month of March, according to the data of the Ministry of Finance, amounted to 7.2 trillion dinars, of which oil revenues amounted to 6.1 trillion Iraqi dinars, while total expenditures amounted to 5.166 trillion dinars.”

It indicated that “the amount of what the Iraqi state achieved in the first quarter of the year was 17.3 trillion dinars, of which oil revenues amounted to 15.2 trillion dinars, while total expenditures amounted to 17.4 trillion dinars, and thus the total deficit for the first quarter of the year amounted to 131 billion dinars.”  alforatnews.com

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