Zig’s Place Chatroom News Monday 6-14-21
.Zig’s Place Chatroom News Monday 6-14-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly Gold prices are at their lowest level on the back of a strong dollar
Monday 14 June 2021 10:42............Gold prices fell, today, Monday, to their lowest levels in more than a week, affected by the strength of the dollar, while investors awaited signals from the monetary policy meeting of the US Federal Reserve. And spot gold fell 0.6 percent to $1,864.58 an ounce, its lowest since June 4.
US gold futures fell 0.6 percent to $1,867.60 an ounce. The dollar rose 0.1% to hover near a one-week high against its rivals, making gold more expensive for holders of other currencies.
The focus now turns to the Fed's June 15-16 meeting for more clarity on the view of policy makers on rising inflation and future monetary policy.
Zig’s Place Chatroom News Monday 6-14-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly Gold prices are at their lowest level on the back of a strong dollar
Monday 14 June 2021 10:42............Gold prices fell, today, Monday, to their lowest levels in more than a week, affected by the strength of the dollar, while investors awaited signals from the monetary policy meeting of the US Federal Reserve. And spot gold fell 0.6 percent to $1,864.58 an ounce, its lowest since June 4.
US gold futures fell 0.6 percent to $1,867.60 an ounce. The dollar rose 0.1% to hover near a one-week high against its rivals, making gold more expensive for holders of other currencies.
The focus now turns to the Fed's June 15-16 meeting for more clarity on the view of policy makers on rising inflation and future monetary policy.
On the other hand, silver fell 0.3% to $ 27.80 an ounce, palladium fell 0.2% to $ 2771.31, while platinum fell 0.6% to $1,143.71.
butterfly The dollar is rising again on the main stock exchange and banking shops
Monday 14 June 2021 11:50...........The exchange rates of the dollar recorded, today, Monday, a new rise against the dinar in the main stock exchange in the capital, Baghdad, and the exchange shops.
Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad today recorded 150.200 Iraqi dinars for every 100 US dollars, after it registered yesterday, during its opening, 150.100 Iraqi dinars for 100 dollars.
Selling prices in money exchange shops in the local markets in Baghdad rose to 150.750 Iraqi dinars, while buying prices amounted to 149.750 dinars per 100 US dollars.
butterfly Iraq and France are discussing cooperation in the field of investment and facilitating the work of French companies in the country
Monday 14 June 2021 14:20......Minister of Finance Ali Abdul-Amir Allawi met today, Monday, at the ministry's headquarters, Renault Hubert, the Ambassador of the Republic of France in Iraq and his accompanying delegation.
A statement of the Ministry of Finance said, "The two sides discussed many regional and international issues of common interest, cooperation in the field of investment, mutual support between the two countries and facilitating the work of French companies in Iraq."
For his part, "the French ambassador expressed his country's support for Iraq in various fields, especially the financial and economic fields."
At the conclusion of the meeting, the two sides stressed the importance of joint coordination to ensure the common interests of both countries.
butterfly In the document.. the hand of officials in the Oil Exploration Company was withdrawn
Monday 14 June 2021 15:19..........The Ministry of Oil decided to withdraw the hand of the Director of the Oil Exploration Company (Nashwan Muhammad Nuri) and the Director of the Contracts and Materials Department in the same company (Ali Harith Hekmat), based on the provisions of Article 17 of the amended State and Public Sector Employee Discipline Law No. 14 of 1991.
butterfly The Kurdistan Parliament discusses the region's budget and employee salaries in its next session
Monday 14 June 2021 11:53...........The Kurdistan Parliament will discuss, in its next session, the region's budget and employee salaries.
Rewaz Fayek, Speaker of the Kurdistan Parliament, said in a press statement: "The next session of the Kurdistan Parliament will be devoted to balancing the region and the salaries of employees."
For his part, Ziad Jabbar, head of the Finance Committee in the Kurdistan Parliament, said: “A number of deputies submitted two memoranda to the parliament’s presidency to discuss the budget and the continuation of deductions from the salaries of employees in the Kurdistan region,” noting: “The parliament presidency sent the two memos to the government and it is waiting for its response to be held.” The Kurdistan Parliament held its session to discuss salaries, the budget and the financial situation in the region.
butterfly 2021-06-14 05:46 Shafaq News/ The Central Bank of Iraq (CBI) sales in the Foreign currency auction inched up by 2.27% on Monday.
Shafaq News Agency correspondent said that the CBI sales at the Foreign currency auction rose by 2.27% to $223,373,250 at a cut-off price of 1460 dinars, compared to $218,442,159 on Sunday.
Our correspondent explained that 21 banks and 20 exchange companies cashed $36.75 million, while $186,623,250 went to boost funds abroad in the form of transfers and credits, with 34 banks meeting those requests.
butterfly 2021-06-14 00:20 Shafaq News/ Oil prices held near multi-year highs on Monday, underpinned by an improved outlook for demand as increased COVID-19 vaccinations help lift travel curbs.
Brent crude was up 35 cents, or 0.47%, at $71.22 by 0543 GMT. It rose 1.1% last week and hit the highest since May 2019 of $73.09 on Friday.
U.S. West Texas Intermediate was also up 14 cents, or 0.2%, at $71.22 a barrel, after reaching the highest since October 2018 at $71.24 on Friday and rising 1.9% on the week.
Vehicle traffic is returning to pre-pandemic levels in North America and much of Europe and more planes are in the air as lockdowns and other restrictions are being eased, driving three weeks of gains for the oil benchmarks.
The Organization of the Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, need to increase output to meet recovering demand, the International Energy Agency (IEA) said in its monthly report on Friday.
The OPEC+ group has been restraining production to support prices after the pandemic wiped out demand in 2020. "OPEC+ needs to open the taps to keep the world oil markets adequately supplied," the IEA said.
Goldman Sachs said last week it expects Brent to rise to $80 per barrel this summer as the rollout of inoculations boosts economic activity around the world.
U.S. oil rigs rose by six to 365, the highest since April 2020, energy services company Baker Hughes Co said in its weekly report.
It was the biggest weekly increase of oil rigs in a month, as drilling companies sought to benefit from rising demand. Source: Reuters, Oil prices updated by Shafaq News Agency
butterfly 2021-06-13 06:07 Shafaq News/ A member of the Parliamentary Committee for Finance said that the Central Bank of Iraq (CBI) allocated three billion dollars to control the market and harness skyrocketing exchange rates.
Committee Member, MP Jamal Kocher, said in a statement to Shafaq News Agency, "the Central Bank sells more than 200 million dollars in the currency auction daily to control the market. However, the recent rise in the dollar exchange rate came as a result of supply and demand for foreign currency."
On March 31, 2021, the Iraqi parliament voted on the first article of the 2021 budget bill, which pegged the Iraqi dinar to the U.S. dollar at rate of 1 to 1450.
Goldman Sachs said last week it expects Brent to rise to $80 per barrel this summer as the rollout of inoculations boosts economic activity around the world.
U.S. oil rigs rose by six to 365, the highest since April 2020, energy services company Baker Hughes Co said in its weekly report.
It was the biggest weekly increase of oil rigs in a month, as drilling companies sought to benefit from rising demand. Source: Reuters, Oil prices updated by Shafaq News Agency
Butterfly Parliamentary Finance: The coming days will witness an improvement in the dollar exchange rate
09:33 – 14/06/2021 Parliamentary Finance - The coming days will witness an improvement in the dollar exchange rateInformation/Baghdad.
A member of the Parliamentary Finance Committee, Jamal Cougar, confirmed, on Monday, that the coming days will witness further improvement in the dollar exchange rate, pointing out that speculators in the strongholds of the black market are behind the scheduled rise in the price.
Cougar said in a statement to “Al-Maalouma”, that “the stability of the natural exchange rate as stated by the government and the absence of any intentions to change it,” noting that “there is a monopoly by some traders for some basic materials, including the dollar.”
He added that “the dollar is a commodity, like all commodities, rising due to the monopoly of some people and companies,” stressing that “the coming days will witness more improvement in the dollar exchange rate.”
On Sunday, Representative Mansour Al-Baiji confirmed that the unprecedented rise in the exchange rate, which we have always warned of its repercussions, has negatively affected the lives of citizens during the current situation due to the significant rise in food and medicine prices. finished/ 25 h almaalomah.org
butterfly Proposals to limit the repercussions of the dollar’s rise and warnings of “parasitic” banks
2021-06-14 | 04:12 Proposals to limit the repercussions of the dollars rise and warnings of parasitic banksReport: Alsumaria News
The issue of the dollar exchange rate and its impact on the local market is still a concern of the political class and those who follow the economic situation in the country. He is behind the rise in the price of the dollar and “parasitic” banks have benefited from it.
Member of Parliamentary Finance Committee Jamal pumaHe stressed that dealing with the rise in prices in the markets as a result of changing the exchange rate is through four steps.
And he said puma In an interview with Alsumaria News, “The concerned authorities can proceed with four steps to address the rise in prices in the markets and ease the crisis on the citizen after changing the exchange rate of the dollar against the dinar,” noting that “the first step is to control the market prices of imported materials on the grounds that they were affected in a way. More than local goods due to the high exchange rates.
The second step is by addressing the fluctuation in the exchange rates of the dollar against the dinar in the local market, and the Central Bank promised to pump at least three billion dollars during the current year to the market in order to address this matter and control prices and not allow the collapse of the local currency. He pointed out that “the third step will be through initiating projects to support the private sector and provide job opportunities with at least one billion dollars to build schools and two billion dollars to support small projects for non-employees.”
butterfly He continued, “The other step is to raise the level of the oversight role of the House of Representatives and the bodies for integrity and the judiciary to control things, but without this and in the event that things are left to go as the greedy crisis dealers desire, then prices will remain high and the crisis will further suffocate the citizen.”
representative of national approach block Hussein Al-Eqabi He emphasized that the people’s strength and capabilities IraqOver the past seven months, it has been controlled by a group of parasitic banks that drain people’s money through currency auctions, noting that there is a political decision in the Iraqi state that is behind the raising of the exchange rate.
Al-Aqabi said in an interview with Alsumaria News, “The people’s strength and capabilitiesIraq It has been controlled over the past seven months, with great regret, by a group of parasitic banks that drain people’s money through currency auctions.
Therefore, raising the exchange rate is in the interest of those banks that do not have any economic or commercial activity or activity, but rather subsist on the capabilities of the people and the state, which is what we were warning of. Over the past period,” he said, noting that “these banks know very well who is behind them, and they are influential political forces, and there are influential political forces behind the failure to hold those responsible for raising the exchange rate accountable.”
butterfly Al-Uqabi added, “There is a political decision in the Iraqi state that is behind the raising of the exchange rate, which is of no economic benefit to it, as it provides the state with an amount not exceeding seven or eight trillion dinars, but the cost of it is very high, harsh and severe, and the loser is the Iraqi citizen.”
Pointing out that “the reform system was supposed to go on several aspects, but unfortunately, the authorities holding power, we see them move and move from one failure to another failure, as they cannot maximize state revenues or fight corruption and secure the state’s needs, but rather go to the fragile class, whether by external borrowing And the internal, deduction, taxes, or raising the exchange rate, and this is the weapon of the incapable, the failure, and the corrupt at the same time, because the beneficiary party is the parasitic banks, and the victim is the citizen.”
He pointed out that “the government must retreat quickly and correct this equation, because the parties holding power are complicit with these banks, most of which are not accountable for taxation, do not submit import statements, and there is no transparency in their work, and a large number of them have completely non-existent formation and classification procedures. better than an invalid class.” alsumaria.tv
butterfly Parliamentary Finance reveals the reasons for the rise of the dollar .. and warns
Posted, 06/14/2021 20:52:30 Parliamentary Finance reveals the reasons for the rise of the dollar .. and warnsThe Parliamentary Finance Committee revealed the reasons for the rise in the dollar exchange in local markets from the rate set by the Central Bank of Iraq.
And the exchange rate in the markets rose to more than 1500 dinars.
Committee member Muhammad Al-Shabki said in a televised statement this evening: “The rise of the dollar in the market is currently not worrying,” attributing the change in price to “currency smuggling and the creation of a profit margin between the Ministry of Finance and the Central Bank on the one hand and private banks on the other.”
And he warned against “parties trying to stir up problems that the price is going to increase to raise the profit margin in the exchange rate.”
Al-Shabki stressed that “the current exchange rate cannot be exceeded” from the official rate.
And the Central Bank of Iraq, confirmed last Friday, “the stability of the dollar exchange rate and the absence of any intentions to change, and that what is being circulated is not true, as the price that was chosen at the end of 2020 for the exchange of the dollar was based on in-depth studies of the requirements of the economic and financial situation and the objectives of monetary policy.” .
He pointed out that his foreign currency sales are based on the stability of his foreign reserves at excellent levels, as those sales have been increased to meet all legitimate requests, and “the price will stabilize as a result of the measures taken by the Central Bank recently and which it will take.”
The bank pointed out that the statements related to the exchange rate are being promoted for speculators to benefit from, and that the Central Bank has communication channels that represent official sources of information.
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Zig’s Place Chatroom News Sunday PM 6-13-21
.Zig’s Place Chatroom News Sunday PM 6-13-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly A deputy calls for the interrogation of the governor of the bank and his dismissal after the “crime” of currency exchange
15:28 – 13/06/2021 A deputy calls for the interrogation of the governor of the bank and his dismissal after the crime of currency exchangeinformation / special
On Sunday, the representative of the Al-Fateh Alliance, Wafa Al-Shammari, stressed the need to interrogate the governor of the Central Bank, hold him accountable and dismiss him in the event that his failure is proven, considering that raising the exchange is a “crime” against the Iraqis.
Zig’s Place Chatroom News Sunday PM 6-13-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly A deputy calls for the interrogation of the governor of the bank and his dismissal after the “crime” of currency exchange
15:28 – 13/06/2021 A deputy calls for the interrogation of the governor of the bank and his dismissal after the crime of currency exchangeinformation / special
On Sunday, the representative of the Al-Fateh Alliance, Wafa Al-Shammari, stressed the need to interrogate the governor of the Central Bank, hold him accountable and dismiss him in the event that his failure is proven, considering that raising the exchange is a “crime” against the Iraqis.
Al-Shammari said in a statement to the “Information” agency that “the continuation of the Central Bank’s policy regarding the unstudied currency exchange will make the Iraqi street inflamed.”
She added, “The persistence of raising the dollar exchange rate is a crime against our people, especially those with limited income,” noting that “the rise in the dollar exchange rate will raise the prices of goods in the local market in a very large way.”
She pointed out that “Finance Minister Ali Allawi and Central Bank Governor Mustafa Ghaleb burdened the citizen with additional financial burdens.” finished/25 h almaalomah.org
butterfly Iraqi Dinar/US Dollar auction results 6-13-2021
United States DollarThe results of the foreign currency sale window for Sunday 06/13/2021 and implemented today Announcement No. (4428)
Sale date – Sunday 6/13/2021 and executed today the details Amount
Total sale for the purposes of strengthening balances abroad (remittances, credits) 192,092,159
Total cash sale 26,100,000 total total sales 218,192,159
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/1043
butterfly Dave property taxes
Dave butterfly Not for Universities K-12 yes Property taxes dont cover Major Interstates/bridges? How many miles of Highway are there in the United States?
All told, there are 4.09 million miles of navigable roadways across our 50 states (Alaska and Hawaii included). The beating heart of this system is, of course, the nation’s 47,432 miles of Interstate Highways.
Dave too think......100 yrs ago USA maybe had a 100 miles of paved HI ways
Dave asphalt not cobble stone....
Dave sheila your in WA.......!-5, !-90 smooth sailing........?
Dave Sad to say these roads sure have changed in the last 20 yrs or so......
Sheila Dave was there, not now...
butterfly Just read that Netty is gone. Benjamin Netanyahu
butterfly An economic specialist for / Nina /: The dollar is destroying the dinar as a result of the decisions of the Central Bank and the Ministry of Finance
Sunday 13 June 2021 19:58......A specialist in the management of state institutions in crises, Ali Jabbar Al-Fariji, confirmed that the dollar exchange rate broke the dinar exchange rate as a result of the decisions of the Central Bank and the Ministry of Finance.
Al-Fraiji said in a statement to the National Iraqi News Agency / NINA / that "the value of the local currency is an important factor in economic construction, and the strength of the local currency is one of the manifestations of the economic strength of any country - and this strength is determined by several factors, foremost of which are economic factors, including that the value of the currency is determined by what it has."
The country has natural wealth and reserves (oil, minerals, gas and other wealth…) The value and strength of the currency is also based on the size of the monetary reserves, the country’s production and export capacity, and in the modern era, political and military factors also have an impact on the value and strength of the local currency.
Al-Fraiji pointed out that the decision to reduce the value of the dinar (the local currency) with the economic justifications presented by the Central Bank and the Ministry of Finance did not achieve the goals they invoked as evidence of the local market movement and the turbulent economic reality we live in now.
butterfly He added, "The effects of this unjustified rise in the value of the dollar against the dinar have become a factor of confusion in the local market, accompanied by many economic distortions that are added to the list of previous distortions, including the unrealistic rise in the real estate market, as well as the effects on the prices of consumer goods and services that have become a commodity controlled by many traders. Al-Fariji made proposals to confront this crisis in a balanced economic manner, which included:
First: Reconsidering the decision to raise the value of the dollar against the dollar - and setting a time limit for dealing with it.
Second: Starting a program to compensate financial losses fairly and quickly, especially for the vulnerable groups who work in the daily labor market. Supporting the labor market with soft loans within an economic program for projects prepared in advance with feasibility studies targeting (job-seeking forces) in creating small local industries.
Third: Tightening the economic control by the government and parliament on traders and speculators in the local market.
Fourth: A reduction in the (operating) budget in 2021 in proportion to the size of the financial crisis.
Fifth: Begin distributing plots of land serviced with infrastructure to counter the unjustified rise in the real estate market, and also follow up on real estate purchases by influential people and brokers working with them. 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).
Sixth: Preventing all kinds of external borrowing in 2021, and establishing a fund to monitor and manage loans in Iraq.
Eighth: Initiating compensatory and incentive strategies for the private sector (small businesses) as well as for the affected individuals and families through cash or in-kind assistance for months.
butterfly The local markets in Baghdad and the provinces witnessed an unprecedented rise in the exchange rate of the dollar, as it reached 152 thousand dinars to 100 dollars.
butterfly Agriculture: Continuing to sell eggs at a price of 5000 dinars per layer
Sunday 13 June 2021 20:17.....The Ministry of Agriculture announced the continuation of the producers' response to the campaign to reduce the price of table eggs, to stabilize their prices, and to open the door for direct sales to citizens to relieve them, especially those with low incomes.
The ministry said in a statement, "There is interaction and understanding by the producers for the purpose of helping citizens, as wheels were run by them loaded with eggs in various governorates and regions, and direct sales to citizens are carried out."
butterfly An economic expert for / Nina / confirms that there are several reasons behind the rise in the price of the dollar and stresses the importance of calming the local market
Sunday 13 June 2021 20:38......The expert in economic affairs, Raad Twij, attributed the rise in the exchange rate of the dollar against the dinar to the weak management of monetary demand and the dependence on a certain situation without calculating the expectations of demand.
Twig said in a special statement to the National Iraqi News Agency / NINA / that "the current rise in the exchange rate of the dollar against the dinar is caused by poor management of monetary demand within the framework of ineffective monetary policy and reliance on a specific situation without calculating the expectations of demand and trying to direct it according to the goals set by the Central Bank for it."
He pointed out that "the multiplicity of parallel exchange markets, the absence of a margin for the exchange rate, the low effectiveness of the banking market, the decline of banking products and excessive importation, which is reflected in excessive monetary demand, as well as the rate of imported inflation and the presence of cash issuance all led to the expansion of monetary demand in an unprecedented manner and in a remarkable way that contributed to the rise of the exchange rate." The dollar is higher than the official price of 145 thousand dinars for one hundred dollars.”
Twig stressed the need to "take a package of continuous measures to calm the panic of market dealers."
The local markets in Baghdad and the provinces witnessed an unprecedented rise in the exchange rate of the dollar, as it reached 152 thousand dinars to 100 dollars.
butterfly The Minister of Agriculture discusses with the Egyptian Ambassador cooperation in the agricultural fields
Sunday 13 June 2021 22:33.....The Minister of Agriculture, Muhammad Karim Al-Khafaji, discussed with the Egyptian Ambassador in Baghdad, Walid Ismail, cooperation in the agricultural fields, both plant and animal.
A statement by the ministry stated that "Al-Khafaji met Ambassador Ismail, and discussed with him the brotherly relations that bind the two brotherly countries, as well as the agricultural understandings and agreements that were signed recently during the minister's visit to the Arab Republic of Egypt, the establishment of an agricultural research center, and cooperation in the scientific and productive fields that are concerned with plant and animal aspects."
" They also discussed efforts to continue joint cooperation and exchange of experiences, and the sustainability of relations in order to achieve the advancement of agricultural destruction, which serves the interests of the two peoples ./anthy8
butterfly The Minister of Agriculture to the Syrian Ambassador: Iraq is open to various countries of the world to achieve economic integration
Sunday 13 June 2021 23:21.....Minister of Agriculture, Muhammad Karim Al-Khafaji, discussed with the Syrian Ambassador in Baghdad, Sattam Jadaan Al-Dandah, the frameworks of agricultural cooperation between the two countries.
-Khafaji pointed out, according to a statement by the ministry, to the development taking place in the agricultural sector, and Iraq's openness to various countries of the world, especially the regional neighbors, in order to achieve economic integration by strengthening the role of the agricultural sector.
While the Syrian ambassador expressed his pleasure in meeting, expressing the depth of brotherly relations, and the desire to develop prospects for joint cooperation to serve the interests of the two countries.
butterfly Approval of the payment of salaries of commission contracts for the months of April and May
Monday 14 June 2021 01:16 ...................The Ministry of Finance has officially agreed to pay the salaries of the employees of the Electoral Commission contracts, according to the salary scale within Resolution No. 315 for the months of April and May.
Sheila @UNEEK Flag Day, Monday, June 14, 2021
Sheila USE YOUR OWN DISCERNMENT: Nicks Intel Update, Sunday, June 13, 2021 -- https://nicksintel.wordpress.com/2021/06/13/06-13-2021-update/
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Zig’s Place Chatroom News Sunday AM 6-13-21
.Zig’s Place Chatroom News Sunday AM 6-13-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly A government meeting to discuss the implementation of the reform "white paper" projects
Sunday 13 June 2021.........Minister of Finance Ali Allawi stressed the need to proceed according to the prescribed path and within the specific timings and schedules approved by the reform paper, and to combine the efforts of the ministries along with the private sector and coordination with all parties and supporting parties to ensure the achievement of all goals and projects.
During a meeting of the opinion board, in the presence of the Prime Minister’s advisor, Alaa Al-Saadi, the Undersecretary of the Ministry of Finance, the ministry’s advisors and its general managers, today, Sunday, Allawi indicated the need to find appropriate solutions to overcome the difficulties that impede the implementation of plans and projects with the aim of accelerating the achievement of the goals of the white paper aimed at correcting the path the national economy and achieving sustainable and comprehensive economic development.
Zig’s Place Chatroom News Sunday AM 6-13-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly A government meeting to discuss the implementation of the reform "white paper" projects
Sunday 13 June 2021.........Minister of Finance Ali Allawi stressed the need to proceed according to the prescribed path and within the specific timings and schedules approved by the reform paper, and to combine the efforts of the ministries along with the private sector and coordination with all parties and supporting parties to ensure the achievement of all goals and projects.
During a meeting of the opinion board, in the presence of the Prime Minister’s advisor, Alaa Al-Saadi, the Undersecretary of the Ministry of Finance, the ministry’s advisors and its general managers, today, Sunday, Allawi indicated the need to find appropriate solutions to overcome the difficulties that impede the implementation of plans and projects with the aim of accelerating the achievement of the goals of the white paper aimed at correcting the path the national economy and achieving sustainable and comprehensive economic development.
The meeting discussed the implementation of the items of the projects that came in the financial and economic reform plan (the white paper) and the follow-up to the extent of the commitment of the implementing agencies to the projects included in the framework of the executive plan of the paper.
butterfly Jamal Cougar: Oil price differences will strengthen the bank reserves
Sunday 13 June 2021........Member of Parliamentary Finance Committee Jamal Cougar stressed the importance of taking advantage of oil price differences to improve the financial and economic reality in the country.
He told the National Iraqi News Agency ( NINA ) that: This year's budget was built on the price of 45 dollars, and now the price of a barrel of oil is close to 70 dollars, and this difference in prices is important in upgrading the country's situation.
Cougar added that: the differences in oil prices will enhance the bank's foreign currency reserves, in addition to greatly reducing the budget deficit.
And the price of Basra oil recorded a noticeable increase in the recent period, exceeding $ 70 per barrel.
butterfly 2021-06-13 06:07 Shafaq News/ A member of the Parliamentary Committee for Finance said that the Central Bank of Iraq (CBI) allocated three billion dollars to control the market and harness skyrocketing exchange rates.
Committee Member, MP Jamal Kocher, said in a statement to Shafaq News Agency, "the Central Bank sells more than 200 million dollars in the currency auction daily to control the market. However, the recent rise in the dollar exchange rate came as a result of supply and demand for foreign currency."
On March 31, 2021, the Iraqi parliament voted on the first article of the 2021 budget bill, which pegged the Iraqi dinar to the U.S. dollar at rate of 1 to 1450.
butterfly 2021-06-13 06:02 Shafaq News/ The Central Bank of Iraq (CBI) sales in the Foreign currency auction jumped on Sunday by 3.81%.
Shafaq News Agency correspondent said that the CBI sales at the Foreign currency auction rose by 3.81% to $281,422,159 at a cut-off price of 1460 dinars, compared to $210,688,244 on Friday.
Our correspondent explained that 18 banks and 12 exchange companies cashed $26.35 million, while $192,092,159 went to boost funds abroad in the form of transfers and credits, with 34 banks meeting those requests.
butterfly 2021-06-13 01:05 Shafaq News/ The Iraqi Minister of Oil, Ihsan Abdul-Jabbar, said on Sunday that oil prices are expected to range between $68 and $75 per barrel in the second half of the current year with OPEC and allies maintaining their commitment to production restrictions.
In a press statement earlier today, Minister Abdul-Jabbar said, "We expect that ExxonMobil will remain in a certain part of Iraq in some investments. It only left the west al-Qurna 1. We are considering alternatives."
Earlier in May, Goldman Sachs said it expects oil prices to climb to $80 per barrel in the fourth quarter of this year, arguing that the market has underestimated a rebound in demand even with a possible resumption in Iranian supply.
butterfly Al-Kazemi’s advisor announces the details of the economic reform program and its launch date
2021-06-12 | 10:46 Al-Kazemis advisor announces the details of the economic reform program and its launch dateToday, Saturday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the details of the first economic reform program in Iraq and the date of its launch, while indicating that there is an opportunity to make Iraq independent of oil dependency.
Saleh said, to the official agency: “Iraq has an opportunity that extends for ten years before entering the world and penetrating the roots of the Fourth Industrial Revolution and the start of various renewable energy alternatives, so that its production costs become less than the cost of producing crude oil, the depleted wealth whose use was associated with the second industrial revolution during the Victorian era until now.” “.
butterfly He added that “improving oil prices in the foreseeable future, and achieving good incomes for the country, could reduce severe shortages and revive some aspects of the economy, but Iraq He is bound by a ten-year development plan that establishes the employment of oil revenues in investments that absorb a growing manpower without losing future job opportunities, taking into account the violent impact that may result from the goal set to reach zero emissions by the year 2050, according to the sources of the International Energy Organization.
He explained that “this is a call for a new economic development contract during which the economy gradually separates from the dominance of oil to achieve independence from dangerous rentier fluctuations, and establishes a real diversification of the national economy, and thus comes the choice of 2022, to launch the first economic reform program, in response to the post-legislative elections stage and a step A foundational foundation for laying the foundations for a renewed economic development for Iraq.
And Saleh indicated that “OPEC’s share of oil production will rise to more than half of the global total production, as oil and gas supplies will be limited to small, fewer countries, and that the annual per capita income from oil sales may fall by about 75% during the next two decades,” stressing that That “every rentier dollar that exceeds the urgent social and human needs must go to productive and income-generating employment.”
butterfly He emphasized that “in front of IraqAn opportunity for a decade, starting from now until the early thirties of the current twenty-first century, to shift towards productive investment in three advanced fields, the first of which is large-scale agriculture with high cash returns with the development of infrastructure projects related to the regulation of water, irrigation, and agro-industry, i.e., manufacturing agricultural inputs and products in a way wide, and the second metal and geological to provide crane investment additional financing and support for oil, particularly in phosphate, silicon, sulfur, etc., and thirdly working to change the digital infrastructure radically for all walks of life without losing the country ‘s backbone , a power and transport strategic. ”
He noted the benefit of ” the need Restructuring the national market and reorganizing its institutions, i.e. creating (the organized market) to play the role of partnership with its financial, technical and pioneering surpluses in drawing and implementing an imageIraq The economy is independent of oil dependence, especially in the main real sectors and tourism.
He called for “the years 2022-2032 to be the first development decade for Iraq after four decades of nothing in a young nation, half of its population is between the age of 19 years downwards, which complicates the problems of work and maintenance at the same time, which is the bottleneck that should be exited from.” alsumaria.tv
butterfly ..................The second paragraph from the article above.................... Saleh said, to the official agency: “Iraq has an opportunity that extends for ten years before entering the world and penetrating the roots of the Fourth Industrial Revolution and the start of various renewable energy alternatives, so that its production costs become less than the cost of producing crude oil, the depleted wealth whose use was associated with the second industrial revolution during the Victorian era until now.” “.
butterfly Al-Rafidain Parliamentary Bloc: The rise in oil prices saved Iraq.. the “white paper” was not implemented
Sunday 13 June 2021 | 01:18 pm Al-Rafidain Parliamentary Bloc - The rise in oil prices saved Iraq.. the white paper was not implementedThe head of the Rafidain Parliamentary Bloc, Yonadam Kanna, said on Sunday that oil prices saved Iraq from a stifling economic crisis, while noting that the white paper for economic reform proposed by the government has not been implemented so far .
Kanna said, “The return of high oil prices in global markets is what saved Iraq from its stifling economic crisis, not the white paper .”
And he indicated that “the relative control of the Corona epidemic in the whole world, contributed to the return of factories and factories, and consequently the demand for oil increased, which increased its price in global markets .”
He added that “the white paper has not been applied to anything, and it is still ink on paper, and if it is applied, it will be harsh on the simple citizen and those with limited income .” aynaliraqnews.com
butterfly ...............How much more proof do ya need?.....................
butterfly Dollar prices in Iraq remain at the highest level 2021-06-13 Dollar prices in Iraq remain at the highest levelToday, Sunday, the dollar exchange rates continued to record high levels in the Iraqi Stock Exchange and markets.
The exchange rates on the Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad amounted to 150.100 Iraqi dinars, compared to 100 US dollars.
While the selling prices in money exchange shops in the local markets in Baghdad remained stable at 150,500 Iraqi dinars, and the purchase prices at 149,500 dinars per 100 US dollars. burathanews.com
butterfly Allawi discusses the implementation of the items of the projects that came in (the white paper) 06/13/2021 16:15:37 Allawi discusses the implementation of the items of the projects that came in the white paperThe Minister of Finance, Ali Abdul Amir Allawi, chaired, on Sunday, a meeting of the opinion board to discuss the implementation of the terms of the projects that came in the (white paper).
And the ministerial statement, which {Euphrates News} received a copy of, stated, “The meeting discussed, in the presence of the Prime Minister’s advisor, Alaa Al-Saadi, the Undersecretary, the Ministry’s advisors, and the Ministry’s general managers, a number of paragraphs, on top of which was discussing the implementation of the items of projects that came in the financial and economic reform plan (paper Al-Bayda) and follow-up to the extent of the commitment of the implementing agencies to the projects listed within the framework of the executive plan of the paper.
The meeting also discussed a number of issues and procedures related to the work of the ministry’s departments and bodies and taking appropriate decisions in this regard.
Butterfly During the meeting, Allawi stressed, “the necessity of proceeding according to the prescribed path and within the specific timings and schedules approved by the reform paper, and the concerted efforts of the ministries along with the private sector and coordination with all parties and supporting parties to ensure the full achievement of the goals and projects.”
While Allawi stressed “to find appropriate solutions towards overcoming all difficulties that impede the implementation of plans and projects with the aim of accelerating the achievement of the goals of the white paper aimed at correcting the national economic path and achieving sustainable and comprehensive economic development.” alforatnews.com
Dave A keystone of the white paper was to root out corruption..........thats the solution towards overcoming the difficulties that impede implementation of plans?
butterfly Ten more years of waiting
butterfly They are making almost double on the oil since they went in very low in the budget.
Dave yeah....that frozen 150 billion usd...........hope they collect interest on that.......
Dave 10 yrs......moving along at their pace......seems reasonable.......
butterfly Ties in with what the IMF said.
Dave after more than 10 yrs.........they now have a FSC,,,,,,,that has ruled on nothing...........
butterfly baby steps.......it will take time
Dave fer all the crooks to die off from old age.......they aint going to give it up willingly....
Dave all the blown opportunities for investment.... Kuwaiti Conference, Exxon pulling out .......all due to endemic corruption.......Lets invest in that?
butterfly The Central Bank of Iraq is looking to establish a new bank in the name of “Al Hafez Al-Amin”
16:29 – 13/06/2021 The Central Bank of Iraq is looking to establish a new bank in the name of Al Hafez Al-AminInformation / Baghdad.
The Central Bank of Iraq discussed, on Sunday, the establishment of a new Iraqi bank in the name of “Al-Hafiz Al-Amin”.
And the bank’s media said, in a statement that the agency “Information” received a copy of it, that “the Governor of the Central Bank of Iraq, Mustafa Ghalib, discussed the establishment of Al-Hafiz Al-Amin Bank, with the Chairman of the Securities Commission and the Chairman of the Board of Governors of the Iraq Stock Exchange, as well as the Executive Director of the Iraq Stock Exchange and a number of of financial and economic figures.
He added, “The bank expressed its willingness to proceed with its establishment because of its positive financial and economic effects that would enhance the work of the stock market operating in Iraq, in addition to providing safety for investors, especially foreign ones, as well as increasing investment portfolios.” almaalomah.org
butterfly 6 unions launch a campaign to support the dinar and the national economy
06/13/2021 12:18:14 6 unions launch a campaign to support the dinar and the national economyA group of unions and federations announced the launch of a national campaign to support the national currency and the economy and increase the citizen’s confidence in the Iraqi dinar.
And 6 unions said in a statement that {Euphrates News} received a copy of it, announcing the launch of a national campaign under the auspices of the Central Bank of Iraq to raise awareness to support the national currency and the Iraqi economy. Dentists, who represent a large segment of Iraqi society.
The statement added, “This campaign aims to shed light on the importance of dealing with the national currency and increasing the citizen’s confidence in it, for the contribution of all sectors to maintaining the exchange rate and maintaining inflation at low rates, and reducing the rates of poverty and unemployment through the entry of Iraqi and foreign investors to work inside the country, which will lead To increase the services provided to citizens, and this is fully reflected positively on the economy.”
He pointed out that “this campaign also includes a focus on the failure of the owners of retail and service stores to compel citizens.” alforatnews.com
Dave Wonder where we are at with the Private Banking laws to protect foreign investors?
Dave Why that Kuwaiti Conference was a bust last summer....
Dave Big fat ZELTCH,ZERO NODDA.......
Dave 10 yrs for CBI to increase their reserves with a PIP increase here and there
butterfly Parliamentary Energy: The oil and gas law will not pass without political consensus
09:55 – 13/06/2021 Parliamentary Energy - The oil and gas law will not pass without political consensusInformation/Baghdad.
On Sunday, a member of the Parliamentary Oil and Energy Committee, Ghaleb Muhammad, ruled out the legislation of the oil and gas law without a political agreement between Baghdad and the region, stressing that the law will be transferred to the next parliamentary session.
Ghaleb said in a statement to “The Information”, that “political differences led to the absence of the oil and gas fight, and it is the basis of the problem on the division of oil wealth,” noting that “oil and gas is the legal cover for the entire oil sector.”
He added, “Passing the law requires political consensus,” ruling out “the approval of the oil and gas law in the current parliamentary session.”
A member of the House of Representatives from Diyala Governorate, Mudar Al-Karawi, had demanded, in a previous statement to “Al-Maalouma”, the formation of a ministerial committee to distribute oil benefits in the province. finished/ 25 h almaalomah.org
Dave next session.......
Dave Kurds yet still argue implementation according to the Constitution........
butterfly Dave that has been from day one. Fight Fight Fight.
Dave White Paper........exactly.........BLANK … yeah who gets oil proceeds from the disputed territories...........? Kirkuk OIL RICH........Kurds will Never back down.......
butterfly American activist: The majority of Americans are ignorant of politics and are proud of their stupidity
17:16 – 13/06/2021 American activist - The majority of Americans are ignorant of politics and are proud of their stupidityInformation / translation.
The American human rights activist Randy Short stressed, on Sunday, that the majority of Americans are politically ignorant and arrogantly proud of their stupidity.
Short was quoted by the Tehran Times, in an interview translated by Al-Maalouma, as saying, “The American masses have been conditioned to be mental dwarves and ignorant giants, since in America there are tens of millions who are unable to read after elementary school and tens of millions of illiterates.”
He added, “Many of those millions do not speak English, less than 3 percent of the American public read, and every year dozens of newspapers and periodicals stop working due to a lack of subscribers, even though the same percentage of addicts to drugs, alcohol, hallucinogens and pornography added a few minutes Every day for reading into their busy schedule, American audiences would be among the most enlightened in the world.”
Millions of young Americans each year learn how to become gay, they have no education in history, civics, social studies, geography, even music or art, while nearly all American colleges have remedial classes to teach semi-illiterate students how to read and write after two Ten years of academic study.
He noted that “the ruling elite in the United States destroyed the education system in order to make stupid people into slaves. The civil rights and anti-war movements of the 1950s, 1960s and 1970s terrorized the American ruling classes who realized that their dominance was threatened by an educated public, and began to use the means of Media, entertainment, education, food and polluted water. And even religion to make people passive and weak.” finished/ 25 z almaalomah.org/2021/06/13/539664/
butterfly Interesting article, that is why we are Number 26 in the World of Education.
Dave Red Necks r US.......figured one was born gay......did not have to learn that????
Dave less than 3 percent of the American public read, ???????
Dave costs money to build new schools hire teachers....have to print more currency to pay for that?
Dave Us commies here rank 6-7th in education.........we all sheckle up even if we do not have kids going to school........Do find it odd that we pay more for daycare than getting a post secondary education......
Dave gosh\ even those that choice not to go to school pay into subsidizing Universities.......
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Zig’s Place Chatroom News Saturday 6-12-21
.Zig’s Place Chatroom News Saturday 6-12-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly Al-Rasheed Bank begins installing ATMs in a number of government departments
Saturday 12 June 2021 13:32.......Al-Rasheed Bank announced the start of installing ATMs in a number of government departments in Maysan Governorate.
The media office said in a statement today: "The departments in which the monument has been completed are (Maysan Child and Maternity Hospital, Martyr Al-Sadr Teaching Hospital, Maysan Facility Protection Directorate and Maysan Health Department) and work is continuing to complete the implementation of what was set in the bank's plan."
butterfly In conjunction with the rise in global oil, Basra Light Crude records the highest prices in (OPEC)
Saturday 12 June 2021............The price of Basra Light Crude rose, in conjunction with the rise in international oil prices, to record the highest prices in the Organization of (OPEC).
Zig’s Place Chatroom News Saturday 6-12-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly Al-Rasheed Bank begins installing ATMs in a number of government departments
Saturday 12 June 2021 13:32.......Al-Rasheed Bank announced the start of installing ATMs in a number of government departments in Maysan Governorate.
The media office said in a statement today: "The departments in which the monument has been completed are (Maysan Child and Maternity Hospital, Martyr Al-Sadr Teaching Hospital, Maysan Facility Protection Directorate and Maysan Health Department) and work is continuing to complete the implementation of what was set in the bank's plan."
butterfly In conjunction with the rise in global oil, Basra Light Crude records the highest prices in (OPEC)
Saturday 12 June 2021............The price of Basra Light Crude rose, in conjunction with the rise in international oil prices, to record the highest prices in the Organization of (OPEC).
The prices of Basra Light crude, exported to Asia, recorded $72.73 per barrel, an increase of 0.30%, while Basra Heavy crude rose to $68.72 per barrel, up 0.93%, from last Thursday.
Basra Light oil reached the highest prices compared to other OPEC countries. The Saudi Arabian Light oil price reached $72.12 per barrel, while the price of the UAE Murban Blend reached $72.03 per barrel, and the Algerian Sahran Blend reached $71.44 per barrel, while the Nigerian Bonny Light recorded $72.08, Angolan Girasole $72.30.
International oil prices rose today, to close Brent crude at $72.69, and West Texas crude at $70.91 a barrel.
butterfly An economic specialist..increasing banks' shares of the dollar increases their profits and does not improve the exchange rate
Saturday 12 June 2021,,,,,,,,,,,An expert in economic affairs criticized the Central Bank's handling of the exchange rate crisis by raising the share of banks and offices from the dollar, describing it as "bypassing the solution."
Durgham Muhammad Ali said in a statement to the National Iraqi News Agency ( NINA ) that "the increase of the central bank's share of authorized banks and offices from the cash sale of dollars is an increase in the profits of these banks and companies, as they monopolize the dollar and cause a crisis in prices."
He added: "The central bank, instead of opening windows for direct selling without intermediaries for the dollar, increases the shares of those involved in corruption to make more illegal profits from selling more dollars on the black market, taking advantage of the exchange rate difference," stressing:
The economic specialist wondered about the goal of establishing more than 75 private banks, without any credit contribution in any development field, criticizing “the complicity of the executive authority with cash to plunge the country into economic problems that are difficult to solve.”
butterfly Central Bank Warns Against Speculation in Iraqi Dinar..........12th June 2021,,,,,,,,The Central Bank of Iraq (CBI) has confirmed its commitment to a stable foreign exchange rate for the Iraqi dinar.
According to a statement from the bank, "the dollar exchange rate is fixed and there are no intentions to change."
It added that the rate chosen at the end of 2020 was "based on in-depth studies of the requirements of the economic and financial situation and the objectives of monetary policy."
The CBI also cautioned that "statements related to the exchange rate are promoted for speculators to benefit from." (Source: CBI)
butterfly THOSE LAST TWO ARTICLES SHOULD TELL EVERYONE WHAT THEY NEED TO KNOW. HOW MUCH CLEARER CAN IT BE.
Zig butterfly : I don't like that last article...I don't like it one bit....lol...but thanks for posting it...lol....
Butterfly I wonder how the so-called gurus will handle that information.......sorry but I had to post them.
Zig :Sob: Thanks....lol
butterfly I am seeing if there are other articles confirming them.
butterfly Soooooooooooooo..............it is FIXED for a year:
butterfly The Iraqi Parliament: The exchange rate of the dollar against the dinar will be fixed for at least a year
Saturday 12 June 2021 | 02:51 PM The Iraqi Parliament - The exchange rate of the dollar against the dinar will be fixed for at least a yearA member of the Parliamentary Finance Committee, Jamal Cougar, confirmed on Saturday that the dollar exchange rate as for the Iraqi dinar will remain “steady for a year at least”, because any change will “harm” government contracts and projects .
Cougar said, “Changing the exchange rate is the responsibility of the Central Bank, and the coffee statement yesterday and the bank’s statement came at its time, in light of rumors about the possibility of a new change in the price .”
He added, “The exchange rate of the dollar against the dinar will remain fixed for at least a year,” noting that “any change in this price means creating new problems after all government contracts and projects and the public financial budget were built on this price .”
He pointed out that “speculators are the beneficiaries of the process of broadcasting rumors of changing the exchange rate, because the selling price is fixed by the Central Bank,” noting that “the government has the authority and the ability to impose the selling price on the participants in the currency auction by issuing a decision or allocating an amount and pumping it to control the market.” aynaliraqnews.com
butterfly Time to take a long vacation. LOL
butterfly Now I have to add a bit of humor, because I've heard this many times over throughout the years. There is no longer a federal reserve, and the quantum effect has started, and I could go into the political crap, but I refuse to bring that on here. In other words, NOTHING has changed. We have to either move on or put our butts down and say....that is all crap I believe the gurus.
Zig butterfly : I know exactly what the "Gurus" will say: They will say that the CBI is intentionally putting out false statements because they do not want a lot of people making money from speculating on their currency, etc...that the CBI will never tell you what their intentions really are.....
Butterfly Criticism of the government because of its financial system and the failure to find solutions to crises
Posted, 2021-06-12 Criticism of the government because of its financial system and the failure to find solutions to crisesA number of politicians criticized, on Friday, the government’s continuation of the current approach in the financial policy that it has followed since it took power in the country, especially after it led the country to a significant deterioration and an increase in the poverty rate to 70 percent, despite the recovery of the financial situation of the government and the central bank and oil prices exceeding the 70 threshold. dollars per barrel.
The representative of the Sadiqoun bloc, Fadel Al-Fatlawi, said that “the government’s financial situation has recovered significantly, especially after the rise in oil prices during the past months, which requires the executive authority to modify its procedures to ensure fairness to the poor and overcome the current crisis.”
On the other hand, the representative of the Al-Fateh Alliance, Ahmed Ali, explained to “The Information” that “Iraq suffers from a high rate of poverty due to the failure to properly manage resources, as the Al-Kazemi government bears responsibility for the clear deterioration in the living situation of the citizen.”
In addition, MP Bahaa El-Din Al-Nouri confirmed, “The dollar exchange rate has risen a lot and the government has no control over it, as it considers this rise as one of the reforms it has undertaken, while this has caused great harm to the citizen.” burathanews.com
UNEEK Zig / butterfly I wish someone could really truly have some verifiable information on the status of the dinar - we read in the news quite often about other currencies changing in value - going up and down - what's the big deal? Is dinar the ONLY currency that people have bought and speculated on? Probably not to the extreme as the dinar - but still - why cant they figure out what they want to do and just do it???
Clydesdale Guru Frank26 the flow is already flowing IMO when you see the World Bank tell the CBI 'Raise the value.' - When you see the CBI come out and tell the money exchangers, 'We're in charge of the exchange rate not you. Stop it!' - When you see that the international world is pouring in, today Visa and American Express...That screams Article VIII doesn't it? Of course it does. But we still await the announcement from the CBI.
Clydesdale The problem with frank is it is always in his opinion
Zig Clydesdale : His latest video has had over 15,000 views, and that, in a nutshell, tells you what is wrong in this community....
Dave Zig you jealous or prefer being lied to?
Dave UNEEK verifiable.......???? I doubt CBI is going to advertise a RV in advance.....
Dave Zig people generally only value something after paying fer it.......
Dave Zig bet your boots if you were to charge fer a subscription youd get more members and make some spending cash.........but then again......Iraq has given us nodda to even get remotely excited about.....
Dave had some hopium with seating the FSC.........been months now ....no rulings on anything yet........
Dave good easy read of the history of the IQD.........fils included......lol....
http://thestockmarketwatch.com/learn/iraqi-dinar-iqd/
Clydesdale Zig Yes it does Zig, people hooked on hopium.
Sheila Clydesdale H.O.P.E. -- hold on, pain ends
Dave sheila missed yet another boat.....hopium......thought it meant hop e experienced from the altered sense of Reality from the effects of opium?????
butterfly Iranians residing in Iraq vote in presidential elections in six cities
Saturday 12 June 2021 20:17.........Tehran announced that Iranians residing in Iraq will vote in the presidential elections in six Iraqi cities.
Today, Saturday, Iranian Ambassador Iraj Masjedi confirmed the diplomatic mission's readiness to contribute to the holding of the thirteenth Iranian presidential elections.
"Coordination is underway to facilitate conditions for the participation of citizens residing inside Iraq in the presidential elections of the Islamic Republic of Iran," Masjedi said in a press statement, according to Iranian media. .
"the ballot boxes will be placed inside the headquarters of the Iranian embassy in the Iraqi capital Baghdad, in addition to five other funds within the consulates of Iran in both Najaf and Karbala, Basra, Erbil and Sulaymaniyah."
the elections will take place the Iranian presidency at its thirteenth session on the eighteenth of June the current
Sheila Into the Mystic by Van Morrison (Remastered) - https://www.youtube.com/watch?v=pbZf8GY1-Ag
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Zig’s Place Chatroom News Friday PM 6-11-21
.Zig’s Place Chatroom News Friday PM 6-11-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly In a new statement, the Central Bank denies the intention to change the price of the dollar and announces the reason for increasing its sales
06/11/2021 15:45......{Economist: Al-Furat News} The Central Bank of Iraq confirmed "the stability of the dollar exchange rate and the absence of any intentions to change", and that what is being circulated is not true, as the price that was chosen at the end of 2020 to exchange the dollar was based on in-depth studies of the requirements of the economic and financial situation and the objectives of monetary policy.
Zig’s Place Chatroom News Friday PM 6-11-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly In a new statement, the Central Bank denies the intention to change the price of the dollar and announces the reason for increasing its sales
06/11/2021 15:45......{Economist: Al-Furat News} The Central Bank of Iraq confirmed "the stability of the dollar exchange rate and the absence of any intentions to change", and that what is being circulated is not true, as the price that was chosen at the end of 2020 to exchange the dollar was based on in-depth studies of the requirements of the economic and financial situation and the objectives of monetary policy.
The bank indicated in a statement that {Euphrates News} received a copy of it today that “its foreign currency sales are based on the stability of its foreign reserves at excellent levels, as those sales have been increased to meet all legitimate requests,” and the price will stabilize as a result of the measures taken recently by the Central Bank, which it will take ".
The bank pointed out that the statements relating to the exchange rate but are promoted for the benefit of speculators, and that the central bank 's communication channels represent official sources of information.
The Deputy Governor of the Central Bank, Ihsan Shamran Al-Yasiri, lied earlier today, statements attributed to him, and confirmed in a statement that "the news circulating to me about the value of the Iraqi dinar exchange rate is not true at 2,400 dinars."
He explained, "This news is untrue and is a creation of the enemy's electronic armies of the Iraqi people, which do not want good for the economy in the country."
butterfly Al-Khalisi warns against working with the 1 by 12 system next year
12:50 – 11/06/2021 Al-Khalisi warns against working with the 1 by 12 system next yearInformation / Special
The economic affairs specialist, Safaa Al-Khalisi, warned against working with the 1 by 12 system next year, pointing out that the dollar will continue to rise and will take advantage of the absence of the legitimate government after the elections to raise the price of the dollar more than its current value.
Al-Khalisi told Al-Maalouma, “The dollar continues to rise without taking any government measures that would control prices or impose specific pricing or deterrent measures against those who take advantage of this rise.”
He added, “The government should have activate the food dollar option, so that food traders can obtain the dollar according to the previous price in order to ensure that the value of these materials will not be raised and thus achieve the simplest requirements of the people, provided that the trader is registered with the Baghdad Chamber of Commerce and presents the identification papers for import “.
And he indicated that “the continued rise of the dollar will be exploited during the next year, especially if the elections are held on time and the caretaker government is resorted to, where the budget will be spent according to the 1 by 12 system, which will push to exploit this circumstance to raise the exchange rate of the dollar in the local markets more than the current price. “. finished 25 almaalomah.org
butterfly Because of the dollar’s rise, human rights appeal to the government
2021-06-11 | 11:22 Because of the dollars rise human rights appeal to the governmentToday, Friday, the High Commission for Human Rights in Iraq sent a request to the Iraqi government after the increase in the exchange rate of the US dollar against the Iraqi dinar.
A member of the Commission, Fadel Al-Gharawi, said in a statement received by Alsumaria News, “Fragile groups and people with limited income have been greatly affected by the government’s policy in raising the price of the dollar against the Iraqi dinar, which caused a significant increase in the prices of citizens’ living materials.”
He added, “The Iraqi citizen is exposed to many crises on a daily basis, whether with the lack of services, the lack of electricity and the health, educational and environmental repercussions, with the lack of job opportunities and the low incomes of citizens, especially those with limited income.”
Al-Gharawi added, “The continuing rise in prices and the citizen’s inability to meet his living needs calls us to ask the government to compensate citizens directly from the emergency budget, with a reality for the damage they have suffered due to this rise.” alsumaria.tv\
Dave butterfly quite the difference in the exchange rates with each sector.....1507 seems like a disincentive to invest in the Iraqi stock exchange......
butterfly The President of the Kurdistan Region arrives in Abu Dhabi
Friday 11 June 2021 22:10 .......The President of the Kurdistan Region, Nechirvan Barzani, arrived this evening, Friday, in Abu Dhabi, on an official visit to the United Arab Emirates, at the invitation of Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Commander-in-Chief of the UAE Armed Forces.
A statement by the Kurdistan Region Presidency stated that Barzani was received at a ceremony at Abu Dhabi Airport by Ahmed Ali Al-Sayegh, Minister of State, accompanied by the Iraqi ambassador in Abu Dhabi and the UAE Consul General in Erbil.
He added: "According to the visit's agenda, Nechirvan Barzani will meet tomorrow, Saturday with Sheikh Mohammed bin Zayed Al Nahyan, and in their meeting, they will discuss ways to strengthen the relations of the Kurdistan region and the UAE, expand the areas of partnership and cooperation between the region, Iraq and the United Arab Emirates, and exchange views on the latest developments in the region in general.
butterfly Dave you have to laugh at all the ups and downs over the years dealing with Iraq.
Dave that made me go DOH.........invest in that?????
Dave pay more fer risk ?
butterfly Dave Another day it might be something new OR old again.
butterfly Dave As I've stated years now............I don't believe anything until it goes international. Until then, let the games begin as they have never quit.
Dave butterfly 100%!!! Dave Float that Marginally.....lol meant nominally oops....
Dave CBI aint doing squat with those clowns running the show
butterfly Dave Again, I won't believe anything a "person" says until the proof/facts are there for us to do our banking.
Dave Tier 1a here........off to Reno...... no soup fer YOU!
butterfly When you have so much corruption/criminals running the country, nothing will change until either fired or death.
Dave 100% politicians owning banks.........figure that.....lol
butterfly I was told that the Rothchilds own every CBI bank.
Dave been told the Earths flat also.....
Dave USA nothing more than a corporation registered in Puerto Rico.......?
butterfly Dave LOL I know I have to laugh when I was told that. As my son always said, it is a good thing people can't see you when you talking with someone, because if they did, they would hang up on you.
Dave 1/2 truths and rabbit holes......not really sure on what a 1/2 truth is........??? call it a maybe I suppose....
butterfly It is like those so-called gurus stating I can't tell you who told me because they signed an NDA. Well if they signed an NDA WHAT THE * are they telling you.
Dave speak of national deficits....sell off New York city...........youd be all be rich smart folks can fall into rabbit holes.......
Dave far too many rabbit holes these days.....From Magna Carta, CV, Faux media and etc etc CCP troops in Canada my favorite HQ in my home town too......must have really good camouflage or too SHORT SIGHTED{sic} to see them
Sheila @professor dinard Recent conversations have brought me peace of mind. Taking the 30K feet viewpoint. It's not just about Iraq. It's not just about the dinar revaluation. Chaos. Linchpin. Domino. Butterfly.
professor dinard sheila yet we still get called crazy lol "govt is spying on you dont be paranoid" boom Edward Snowden vindicated that lol i dont think iraq has a big role on any global stage
Sheila professor dinard bat * crazy... all the way to real freedom and financial security for America and many other countries. Bigger picture.
Sheila professor dinard Iraq might be the last war in the history of bankers wars.
professor dinard sheila countries are invaded with ideologies rather than tanks nowadays
Sheila @professor dinard USE YOUR OWN DISCERNMENT, FILTER, DREAM, PLAN, WHATEVER: This was posted in another chat: """our Rates are ---SUPER Fantastic!!! woooooooooHoooooooooooooooooooo 0.36-0.70 zim/ 4-8/28.5/iqd, 2+-12/vnd, 1.37-8/idr...$$$$$$$$$$$"""
Sheila professor dinard That's how they start, yet they end with military enforcement. Death and Destruction. All for Disaster Capitalism.
professor dinard sheila it's easier to fool someone than to convince them they've been fooled -mark twain
Sheila @professor dinard personally, I like the "dinard" word. you created a new word. do you have definition to go with it?
professor dinard Dinard -noun, a person who bought dinar and thinks it will make them rich lol
Sheila professor dinard do you believe the dinar revaluation is real?
professor dinard sheila I think a float is more realistic
Sheila professor dinard float starting at what rate?
professor dinard sheila from what it's at now and onward up as Iraq's economy does better I dont think they'll introduce a new currency series unless they restructure their govt again which is very possible That place is so volatile that theres no telling what will happen. Something will happen out of the chaos in iraq.
Sheila professor dinard maybe. still believe Iraq is focus point for the world. linchpin. look here not there.
professor dinard sheila I disagree. We pulled out (giggidy) Doesnt really make news anymore
professor dinard sheila yes. Unfortunately the middle class is shrinking day by day. Central banks are the blame for that. You read about Blackstone that made the news last couple of days?
Sheila professor dinard don't have TV. What's the news?
professor dinard sheila it's a fed banking system backed firm that's buying houses way over listing price. Pretty much jacking up the prices of homes and making them less affordable. I forget how much but they bought I believe 14 trillion worth of real estate. Using money printed by the federal reserve. Pretty much tax payer money
professor dinard A lot of people argue its capitalism but it's not since it's a fed backed investment firm
Sheila professor dinard Disaster Capitalism... post economic events.
professor dinard You'll hardly find any negative articles on them on the google machine. Go figure lol
Sheila professor dinard Catherine Austin Fitts Explains Disaster Capitalism: https://www.bitchute.com/video/1JJH24Wl4nl7/
professor dinard sheila Bill Gates also bought a ton of farmland for some reason. I believe I read a story saying that the federal govt is planning on buying family owned farms for climate reasons. Theres a lot of weird stuff going on that's for sure
professor dinard Long video. I'll watch later lol
Sheila professor dinard she explains it in less than hour
professor dinard sheila yes its lame. Whatever happened to anti trust an monopoly laws?
Sheila professor dinard more about patents and trademarks?
professor dinard sheila yes I know but Monsanto and tech companies have a monopoly in their industries. Should be broken down like they did with big oil back in the day
Sheila professor dinard change is coming - i believe... faith is what I have each day.
professor dinard Sometimes that's all we have lol
Sheila professor dinard free will ... just decide
sheila professor dinard more than enough for everyone
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Zig’s Place Chatroom News Friday AM 6-11-21
.Zig’s Place Chatroom News Friday AM 6-11-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
11 Jun 21, 09:25 AM butterfly The United States threatens Iran with sanctions over the movements of its ships in the Atlantic
Friday 11 June 2021 ,,,,,,,,,The US State Department threatened Iran with imposing sanctions on it if it became clear that the purpose of its ships' movements in the Atlantic Ocean is to transfer weapons to other countries.
"If this constitutes an attempt to transfer arms or violate international obligations in one way or another, we will be prepared to respond," State Department spokesman Ned Price said.
Zig’s Place Chatroom News Friday AM 6-11-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
11 Jun 21, 09:25 AM butterfly The United States threatens Iran with sanctions over the movements of its ships in the Atlantic
Friday 11 June 2021 ,,,,,,,,,The US State Department threatened Iran with imposing sanctions on it if it became clear that the purpose of its ships' movements in the Atlantic Ocean is to transfer weapons to other countries.
"If this constitutes an attempt to transfer arms or violate international obligations in one way or another, we will be prepared to respond," State Department spokesman Ned Price said.
"We are prepared to use the mechanisms at our disposal, including sanctions, against any parties that assist Iran in providing weapons to its partners, who resort to violence, or to forces it supports," Price added.
Earlier, the Assistant Commander-in-Chief of the Iranian Army for Coordination Affairs, Rear Admiral Habibullah Sayyari, confirmed that the modern destroyer "Sahand" and the ship "Makran", a former oil tanker converted into a floating base, entered the waters of the Atlantic Ocean, without docking in any port to continue. Later on, on their way to the north of the ocean.
On May 29, Politico newspaper reported that the US side is not aware of the exact direction of the two Iranian ships in the Atlantic Ocean, but it is assumed that they are heading to Venezuela, while sources said: “The purpose and nature of the shipment are still unknown.”
butterfly 2021-06-11 08:10 Shafaq News/ The Central Bank of Iraq confirmed that the dollar exchange rate is stable and will remain unchanged.
The Central Bank said in a statement that the price set at the end of 2020 for the dollar exchange rate was based on in-depth studies of the requirements of the economic and financial situation and the objectives of monetary policy.
It pointed out that its foreign currency sales are based on the stability of its foreign reserves, as those sales have been increased to meet all legitimate requests, and the price will stabilize thanks to the Central Bank's measures.
Social media pages and platforms published a statement it said it belongs to the Vice President of the Central Bank of Iraq, Ihsan Al-Shammari, in which he said that the fair exchange rate for the dollar is 2,400 Iraqi dinars.
butterfly 2021-06-11 04:03 Shafaq News/ U.S. investment bank Goldman Sachs expects Brent crude prices to reach US$80 per barrel this summer, betting that a recent oil market rally will continue as vaccination rollouts boost global economic activity and demand for the commodity.
Brent prices hit US$72.93 per barrel this week, their highest level in over two years, fuelled by expectations of stronger demand.
Brent futures were trading at US$72.21 a barrel on Friday, while U.S. West Texas Intermediate (WTI) crude was around US$70 a barrel.
"Rising vaccination rates are leading to higher mobility in the U.S. and Europe, with global demand estimated up 1.5 mb/d (million barrels per day) in the last month to 96.5 mb/d," the bank said in a note released late on Thursday.
Goldman, which has longstanding commodity sector expertise, expects recovery in oil demand to continue and sees global demand reaching 99 mb/d in August.
The investment bank also said slow progress in negotiations on an Iran nuclear deal could also weigh on oil supply, supporting prices.
Iran and global powers have been negotiating since April to lift sanctions on Tehran, which have hit its economy hard by cutting its vital oil exports.
U.S. Secretary of State Antony Blinken said on Tuesday he anticipates that even if Iran and the United States return to compliance with the nuclear deal, hundreds of U.S. sanctions on Tehran would remain in place.
"Recent headlines comfort us in our expectation that a potential recovery in Iran exports won't happen till the fall," the bank said.
"While there exists both OPEC+ upstream and refinery downstream excess capacity, we expect OPEC+ to fall behind the demand rebound." Source: Reuters
butterfly 2021-06-11 02:34 Shafaq News/ Gold prices hovered near the key $1,900 per ounce level on Friday, helped by a weaker dollar and U.S. bond yields, as investors shrugged off data that showed a rise in U.S. inflation and hoped the Federal Reserve would not change its dovish stance. Reuters stated.
*Spot gold was up 0.1% at $1,900.10 per ounce, as of 0518 GMT. Prices have risen 0.5% so far this week.
* U.S. gold futures rose 0.3% to $1,902.70 per ounce.
Data showed U.S. consumer prices rose solidly in May, leading to the biggest annual increase in nearly 13 years, while weekly jobless claims dropped to their lowest level in nearly 15 months last week.
According to Reuters, The European Central Bank raised its growth and inflation projections on Thursday but pledged a steady flow of stimulus over the summer, fearing that a retreat now would accelerate a concerning rise in borrowing costs and choke off the recovery.
Investors are not freaking out over a spike in U.S. inflation in the past two months, showing confidence that the Fed is deftly handling a rebound in economic growth. It reported.
The U.S. central bank is likely to announce in August or September a strategy for reducing its massive bond-buying program, but won’t start cutting monthly purchases until early next year, a Reuters poll found.
Silver was climbed 0.4% to $28.07 per ounce, palladium slipped 0.1% to $2,772.71, while platinum edged 0.1% higher to $1,151.98.
butterfly 2021-06-11 01:19 Shafaq News/ The Federation of Iraqi Chambers of Commerce announced, on Friday, that Iraq becomes officially a member of the Executive Committee of the General Union of Chambers of Commerce, Industry & Agriculture of the Arab Countries (GUCCIAAC).
The Union said in a statement the Iraqi delegation held talks with the Federation of the Gulf Cooperation Council (GCC) Chambers to strengthen economic, trade and investment ties with regional and international chambers of commerce.
According to the statement, the Iraqi-Gulf Forum will be hold in Abu Dhabi in September, which will be “the nucleus for the Iraqi-Gulf work.”
All Gulf countries, Officials, Ministers, and businessmen will participate in the Forum.
For his part, The President of the Federation of Iraqi Chambers of Commerce, Abdel Razzak El-Zouhairy, said “we will prepare for this Forum within two months, it will discuss issues in different sectors including infrastructure, agriculture, energy, transportation, banking, education and health.”
It is noteworthy that GUCCIAAC is an independent non-governmental, non-profit regional legal entity. it has played an important role in the process of promoting the trade cooperation between the Arab Countries at the levels of commerce and investment.
butterfly In a new statement, the central bank denies the intention to change the price of the dollar and announces the reason for increasing its sales
06/11/2021 15:45:09 In a new statement the central bank denies the intention to change the price of the dollar and announces the reason for increasing its salesThe Central Bank of Iraq confirmed “the stability of the dollar exchange rate and the absence of any intentions to change”, and that what is being circulated is not true, as the price that was chosen at the end of 2020 to exchange the dollar was based on in-depth studies of the requirements of the economic and financial situation and the objectives of monetary policy.
And the bank indicated in a statement that {Euphrates News} received a copy of it today that “its foreign currency sales are based on the stability of its foreign reserves at excellent levels, as those sales have been increased to meet all legitimate requests,” and the price will stabilize as a result of the measures taken recently by the Central Bank, which it will take. “.
The bank pointed out that the statements relating to the exchange rate but are promoted for the benefit of speculators, and that the central bank ‘s communication channels represent official sources of information.
The Deputy Governor of the Central Bank, Ihsan Shamran Al-Yasiri, lied earlier today, statements attributed to him, and confirmed in a statement that “the news circulating to me about the value of the Iraqi dinar exchange at a price of 2,400 dinars is not true.”
He explained that “this news is untrue and is the product of the enemy’s electronic armies of the Iraqi people, which do not want good for the economy in the country.” alforatnews.com
butterfly The Central Bank issues a statement on the “real value of the dinar” against the dollar
FRI, 06-11-2021,PM 3:23 US Dollar-Iraqi DinarToday, Friday, Deputy Governor of the Central Bank, Ihsan Shamran Al-Yasiri, revealed the truth of statements attributed to him regarding the exchange rates of the dollar.
Al-Yasiri said in a statement, “There is no truth to the news circulating to me about the value of the Iraqi dinar exchange at a price of 2,400 dinars,” noting that “this news is untrue.”
He continued, “This news is the product of the enemy’s electronic armies of the Iraqi people, which do not want the best for the economy in the country.”
Earlier, some media and social media pages circulated a statement attributed to the deputy governor of the Central Bank about “the real value of the Iraqi dinar against the US dollar,” which is 2,400 dinars per dollar.
The Central Bank of Iraq had decided on January 19, 2021 to make a significant change in the dollar exchange rate and decided to amend it as follows:
1- 1450 dinars per dollar, the purchase price of foreign currency from the Ministry of Finance.
2- 1460 dinars per dollar, the foreign currency sale price for banks.
3- 1470 dinars per dollar, the foreign sale price to the public.
The stock exchange in Baghdad and the provinces witnessed a jump in dollar prices against the dinar during the past week, reaching 1507.5 dinars per dollar, the highest price recorded in years. non14.net
butterfly 15:15 – 10/06/2021 Al-Fath - The Central Bank is only good at pumping more hard currency in favor of the corruption mafias Information / Baghdad.
Today, Thursday, the Al-Fateh Alliance considered silence about the deterioration of the dinar a betrayal of the Iraqi people
A member of the coalition, Muhammad al-Moussawi, said in a tweet on “Twitter”, that “despite the rise in global oil prices and the increase in the country’s revenues from hard currency, the Iraqi dinar is declining daily against foreign currencies.”
He added, “The Central Bank is only able to pump more hard currency for the benefit of the banking owners and the banks of the corruption mafias,” noting that “the stranger, the House of Representatives, which gave legitimacy to raising the exchange rate is mired in sleep and its political blocs, leaving the people struggling with the rise in commodity prices and preoccupied with their alliances.” The electoral process is far from the higher interests of the looted people.”
He pointed out that “the honorable deputies should request an emergency session of the Council to bear its exclusive responsibility for the financial policy of the Central Bank in accordance with the Constitution, Article (103).” Ended / 25 R almaalomah.org
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Zig’s Place Chat and News Thursday AM 6-10-21
.Zig’s Place Chat and News Thursday AM 6-10-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
TWW sheila some veryserious meeting going on starting tomorrow NNE state from here with abt 50 high level people. I will be there as until Sunday, then ...
Sheila TWW wonderful!!!
TWW sheila big things starting Tuesday if im right
TWW sheila Lots and lots arrests been going on all over recently
Sheila TWW Yes, heard by June 17th we should all be seeing public events.
Butterfly The Central Bank: Increasing the allocation of the housing sector
Thursday 10 June 2021.................The Central Bank of Iraq announced an increase in the allocation of the housing sector by (1.9) trillion dinars, including one trillion dinars for the real estate bank and about (900) billion dinars for the Housing Fund.
Zig’s Place Chat and News Thursday AM 6-10-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
TWW sheila some veryserious meeting going on starting tomorrow NNE state from here with abt 50 high level people. I will be there as until Sunday, then ...
Sheila TWW wonderful!!!
TWW sheila big things starting Tuesday if im right
TWW sheila Lots and lots arrests been going on all over recently
Sheila TWW Yes, heard by June 17th we should all be seeing public events.
Butterfly The Central Bank: Increasing the allocation of the housing sector
Thursday 10 June 2021.................The Central Bank of Iraq announced an increase in the allocation of the housing sector by (1.9) trillion dinars, including one trillion dinars for the real estate bank and about (900) billion dinars for the Housing Fund.
A statement by the bank stated: "The total amounts allocated to the Real Estate Bank and the Housing Fund will reach more than (3.6) trillion dinars."
The Central Bank also canceled the interests on previous loans, both with current loans, and with a repayment period of (20) years, and only an administrative commission.
Sheila Courtesy of Dinar Guru Walkingstick [via Frank26] The White papers have the new exchange rate. The white papers are the line items/game-plan for both of these reforms [monetary & economic]. The white papers are the when, how and why to do the monetary and economic reforms...this is a report that has been agreed upon by the Fab 4, CBI and Kazemi. It has been handed over to the World Bank to tell the World Bank this is the economic reform. This is the monetary reform...The World Bank has the economic reform and monetary reform on paper now and the mechanisms to make it all work...none of these line items are calculated to succeed at a program rate. None.
butterfly The appearance of Muhammad Salih to / Nina /: The rise in oil prices will end the borrowing for the current fiscal year
Thursday 10 June 2021 ........Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed: "In this fiscal year, Iraq does not need to borrow to finance the deficit, if oil prices continue until the end of the year, approaching 70 dollars per barrel."
Muhammad Salih said in a statement to the National Iraqi News Agency ( NINA ): "Iraq will only need to withdraw old loans related to projects that are currently being implemented within international financing programmes, especially with the World Bank, the European Union, Japan and others."
He added, "The amounts of these annual loans are limited in the budget, and do not exceed 15% of the total investment allocations in the 2021 federal general budget, which all amount to approximately 29 trillion dinars."
The price of Basra oil recorded a noticeable increase in the recent period, exceeding $70 per barrel.
butterfly Finance denies a statement by its minister about the dollar exchange rate
Thursday 10 June 2021........Denied the Ministry of Finance and what appeared platforms and social networking sites and local media, about the proportions of a statement to its Minister Ali Allawi said it (that the real value of the dollar against the Iraqi dinar, is 300 thousand dinars each ($ 100.)
Confirmed the ministry, in Press release: "Some people's reporting of such irresponsible and baseless statements and news aims to destabilize the economic situation and confuse public opinion."
10 Jun 21, 08:09 appeals about allocations in the general budget
Thursday 10 June 2021 ......The Parliamentary Finance Committee announced the details of government appeals to the Federal General Budget Law 2021.
Member of the committee, Representative, Ikhlas Al-Dulaimi, stated, in a statement to the National Iraqi News Agency ( NINA ), that "the Federal Court will decide on legal and technical challenges related to the work of ministries and bodies.
As for appeals related to the financial sector, the court does not have the authority to determine the amounts or change them." And she added, "The court will rule in favor of the government and the ministries in financial matters such as increasing the allocations for the degrees of deletion and creation, as the ministries have the right to challenge them and the court has the right to consider and stop them, because there are allocations already in the general budget, which does not cost the government a financial side and does not affect the decision of the House of Representatives in general."
She pointed out: "The House of Representatives voted on the total expenditure in the general budget, 130 trillion dinars, and it became a binding law."
And about the government’s challenge to increasing the purchase prices of agricultural crops, a member of the Parliamentary Finance Committee clarified, “The House of Representatives has made allocations to the Ministry of Agriculture, which has the right to determine the funding and allocation mechanism for farmers and crops, and the amount set by Parliament for the Ministry was distributed according to the sectors’ needs, and therefore the Ministry has the right Legal Appeal.
butterfly The House of Representatives voted on the budget for the current year 2021 at the end of last March, while the Council of Ministers decided, in its session held on April 20, to authorize its president to appeal before the Federal Court with a number of articles of the General Budget Law.
butterfly KRG begins Buying Wheat from Farmers for First Time....10th June 2021 in Agriculture..........KRG begins buying wheat from farmers for the first time
The Kurdistan Regional Government (KRG) began buying wheat from farmers on Tuesday for the first time, following the completion of the newly constructed multimillion-dollar wheat marketing project this year. https://www.rudaw.net/english/kurdistan/080620211
butterfly Iraq "Planning 8 Nuclear Power Stations"........10th June 2021 ............Iraq is reportedly planning to build eight nuclear power stations to provide much-needed electricity.
According to Bloomberg, the $40-billion scheme would provide 11 GW of power to the Iraqi grid.
Click here to read the full article. https://www.bloomberg.com/news/articles/2021-06-08/iraq-plans-to-go-nuclear-to-resolve-crippling-power-shortages (Source: Bloomberg)
professor dinard Iraq is going to use nuclear program to help iran lol
Dave Weehaw........international travel restrictions been lifted for fully vaccinated folk July 1......
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Zig’s Place Chat and News Wednesday PM 6-9-21
.Zig’s Place Chat and News Wednesday PM 6-9-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Sheila Before my banking source cut me off about three weeks ago (?), they suggested I hold back currency after RV, deposit in MCA and get the bank to "loan" against the currency. Been thinking about this and cannot talk to them right now. Anyone else think this is good idea?
Doug_W sheila MCA?
Sheila Multi-Currency Account
Doug_W never heard of it who has such an animal?
Sheila Researched MCA's. See them on bank sites like HSBC, Bank of Brazil, etc. For a while, saw it listed on WF. Anyone? banks in Miami, NY, LA, Seattle, San Francisco,,,etc.
Doug_W ty I guess that terminology if out of my league
Sheila Doug_W mine, too. That's why I am asking the chat to seek help
Zig’s Place Chat and News Wednesday PM 6-9-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Sheila Before my banking source cut me off about three weeks ago (?), they suggested I hold back currency after RV, deposit in MCA and get the bank to "loan" against the currency. Been thinking about this and cannot talk to them right now. Anyone else think this is good idea?
Doug_W sheila MCA?
Sheila Multi-Currency Account
Doug_W never heard of it who has such an animal?
Sheila Researched MCA's. See them on bank sites like HSBC, Bank of Brazil, etc. For a while, saw it listed on WF. Anyone? banks in Miami, NY, LA, Seattle, San Francisco,,,etc.
Doug_W ty I guess that terminology if out of my league
Sheila Doug_W mine, too. That's why I am asking the chat to seek help
Doug_W what would be the advantage of that over a simple currency exchange at any bank?U give them ur currency they "DeLarue" it and give U credit in a bank aacct in USD? thats simple and straight forward
Doug_W U give them ur currency they "DeLarue" it and give U credit in a bank aacct in USD?
Doug_W thats simple and straight forward
Sheila Doug_W my basic understanding is whatever currency you hold, then deposit stays in bank account as that currency, until otherwise exchanged into in any other currency, including USD. Wondering about doing this and getting loan against MCA? Wish I could talk to banker.
Doug_W U do a currency exchange into USD and quit worrying about all that complex stuff
Sheila Doug_W Researching, learning is NOT "worrying".
Doug_W ur only thing then is negotiating the "Spread"
Sheila Spread and Banks Fees?
Doug_W ok poor choice of words on my part quit concerning yourself with it
Doug_W what bank fees its the spread U have to be concerned with once its into USD there are no "bank fees"
Doug_W question 4 U, Have you never done anyn kind of currency exchange?
Sheila Doug_W it's been widely stated that banks are going to try to extract 1% or 2% for these Currency Transactions.
Sheila Doug_W Many times. Most thru Travelex.
Doug_W ok then if the spread is ONLY 2% your lucky go to a bank not a middle man so to speak but this is all for naught until it has some value to be able to do as currency exchange
Sheila Doug_W As I stated, Spread, in addition to Banks trying to extract their pound of flesh... greedy b*st*rdos.
Doug_W their pound of flesh IS the spread
Sheila Doug_W Thought Spread was determined by Treasury?
Doug_W nooo that is why its negotable banks set spread like I said you seem to be bothered by this thus "worried" its a very simple thing contrary to what gurus would have U believe
Sheila Doug_W So asking questions, CHATTING back and forth " is "worried" to you.
Sheila Doug_W So if I were a man asking these questions, would you also tell me I was being "worried" or "worrying"?
Doug_W don't be like that I am only trying to help you not throw stones
Sheila Doug_W Don't generally take that stance, YET this is a chat room. So if we shouldn't ask questions you consider "worrying", me oh my what will I do? LOLOL
Doug_W relax :)
Sandyf @Doug_W what would be the advantage of that over a simple currency exchange at any bank? - MCA can be very useful if needed. Been discussed in dinarland for many years but mainly a lot of garbage.
The main banks that do them are normally restricted to a handful of the major currencies and have a large minimum deposit, so no good for exotics. We had one with a Chinese bank for many years, would deposit Yuan here in Thailand and my niece could draw it out by ATM when at uni in China.
There is a relatively new bank called Wise, formerly Transferwise, that operate an MCA and I believe available in the US. They deal in about 70 currencies I think and have no minimum deposit, I have GBP,USD,EUR and Thai baht in my account
butterfly I learned a very long time ago......do not worry about what might happen BECAUSE everything changes on a dime. I hope I am wrong, but we are way off from enjoying our investment in the dinar.
butterfly Iranian presidential candidate expresses readiness to meet US President
Wednesday 09 June 2021 21:22..........The Iranian candidate for the presidential elections of the moderate current, former Central Bank of Iran President Abdel Nasser Hemmati, expressed today, Wednesday, his readiness to meet with US President Joe Biden if he wins the Iranian presidential elections scheduled for June 18.
In an interview with the American Associated Press and reported by the Iranian press, he said he is ready to meet Joe Biden if he wins the elections and under certain circumstances.
Hemmati, who is supported by the moderate current led by Hassan Rouhani and some reformist parties, added that: A direct meeting between the American and Iranian presidents will be held if the United States shows stronger indications.
Hemati is 64 years old, and he is a member of the Quadr al-Binaa party, one of the moderate fundamentalist parties, which, after years of its establishment, became part of the Iranian reform movement.
butterfly 2021-06-09 08:21 Shafaq News/ The Deputy Prime Minister of Kurdistan, Qubad Talabani, received today, Wednesday, the U.S. Consul General in Erbil, Rob Waller, flanked by a delegation of U.S. economic experts.
A readout issued by the Prime Minister's office said that the Deputy PM and his guests exchanged views on ways to boost the private sector and cherish the vital project executed by private companies.
The attendees deliberated investment prospects for U.S. investors in the Region, and Talabani highlighted the government's willingness to provide facilities for them.
The meeting shed light upon the importance of reviewing the Region's banking system to bolster investments and support the private sector.
The meeting touched upon updates on the 2021 budget, and the U.S Consul General asserted his country's endorsement of the Iraqi government's endeavors in this regard.
Dave Airport Forex kiosks offer the best exchange rate transactions.......1/2 of what banks charge …doubt any tax reporting to the IRS if one were to take a pink note to the local forex kiosks every other day.....once this ever pops
Sheila Roll With It by Steve Winwood - https://www.youtube.com/watch?v=u_vkKozA8OI
professor dinard IRS going after crypto. What a bunch a lames
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Zig’s Place Chat and News Wednesday AM 6-9-21
.Zig’s Place Chat and News Wednesday AM 6-9-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly A continuous rise in the exchange rates of the dollar in the local markets
Wednesday 09 June 2021 12:24............The dollar exchange rates continued to rise, on Wednesday, in the main stock exchange and local markets. Today, the Al-Kifah and Al-Harithiya Stock Exchange in Baghdad recorded 150,000 thousand dinars, for each $100 bill.
The prices of buying and selling the dollar also increased in banking offices and local markets in Baghdad, where the selling price reached 150,500 dinars, for each denomination of 100 dollars, while the purchase prices amounted to 149,500 dinars, for each paper denomination of 100 dollars.
Zig’s Place Chat and News Wednesday AM 6-9-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly A continuous rise in the exchange rates of the dollar in the local markets
Wednesday 09 June 2021 12:24............The dollar exchange rates continued to rise, on Wednesday, in the main stock exchange and local markets. Today, the Al-Kifah and Al-Harithiya Stock Exchange in Baghdad recorded 150,000 thousand dinars, for each $100 bill.
The prices of buying and selling the dollar also increased in banking offices and local markets in Baghdad, where the selling price reached 150,500 dinars, for each denomination of 100 dollars, while the purchase prices amounted to 149,500 dinars, for each paper denomination of 100 dollars.
butterfly An economic expert for / Nina / The rise in the price of the dollar will encourage traders and speculators to raise the prices of basic foodstuffs and harm the citizen / Expanded
Wednesday 09 June 2021.........The expert in economic affairs, Malaz Al-Amin, confirmed that the local market faces a great challenge as a result of the high exchange rate of the dollar compared to the dinar.
Al-Amin said in a statement to the National Iraqi News Agency ( NINA ) that "this rise and its lack of control by the Central Bank will encourage traders and speculators to raise the prices of basic foodstuffs, which will cause harm to the poor and the profitable segment.
" He added: It requires the government and the Central Bank in particular to work seriously on Maintaining exchange rates, especially since Iraq's financial revenues from selling oil have increased with the rise in crude prices in the global market to nearly $70.
He continued: The central bank can increase the pumping of dollar quantities into the market to control an appropriate dollar exchange rate at the same time. The government should continue its support for the poor through the ration card, provide new job opportunities for the unemployed, and stimulate the private sector, especially the productive ones, such as agricultural, industrial and tourism, as well as transportation and others.
UNEEK Major Law Enforcement Operation Busts Up 300 Crime Rings, Recovers Millions in Crypto Sebastian Sinclair Tue, June 8, 2021, 9:36 PM
UNEEK One of the largest law enforcement operations against encrypted criminal activities to date has seized millions in crypto and penetrated over 300 criminal syndicates.
UNEEK More than 700 house searches saw the arrest of 800 persons from over 300 criminal rings and seizure of eight tons of cocaine, 22 tons of cannabis and cannabis resin as well as two tons of amphetamine and methamphetamine.
Doug_W I saw that how cool
UNEEK Additionally, 250 firearms were seized alongside 55 luxury vehicles and more than $48 million in various global currencies, including cryptocurrencies, according to the report.
UNEEK https://finance.yahoo.com/news/major-law-enforcement-operation-busts-013620672.html
butterfly Since 2019, the U.S. Federal Bureau of Investigation (FBI), in coordination with the Australian Federal Police..............so they have been collecting this since..............2019!!!!!!!! I will say they always take their time with the high rollers, but dare a poor man do something even minute compared to this and their ass would be wearing an orange outfit and the keys would be thrown away.
butterfly <<<<<<<<<<<<<<<<<Now this is interesting>>>>>>>>>>>>>>>>>>>>
The World Bank confirms its readiness to lend to Iraq if requested to do so
Wednesday 09 June 2021.......................The World Bank confirmed its readiness to respond to any request submitted by the Iraqi government regarding loans, even though it "has not requested a loan yet.
The representative of the Bank in Baghdad, Ramzi Numan, said in a press statement, that Iraq has drawn up a policy to improve the country's economic reality through commitment In the reform white paper, however, he is still facing economic crises, stressing that the World Bank is ready to help Iraq if the Iraqi government asks us to do so, as the government so far has its financial and economic plans, and that the World Bank is working with the Iraqi government on a new project to promote vaccines related to The Corona pandemic, and this is what the government requested in this context, and it does not come within the portfolio owned by Iraq.”
He added, "The Iraqi government has not yet requested a loan from the World Bank, and we have all the readiness and are open for direct dialogue and are ready at any moment to cooperate, as we are trusted partners with Iraq, and we are interested in supporting Iraq in the path of stability."
butterfly Masrour Barzani arrives in Brussels on an official visit
Wednesday 09 June 2021...............The President of the Kurdistan Regional Government, Masrour Barzani, arrived in the Belgian capital, Brussels, at the head of a government delegation on an official visit that will last for several days.
The Prime Minister's media office said in a statement: "During the visit, Masrour Barzani will meet with senior Belgian officials and will discuss with them ways to strengthen bilateral relations and continue cooperation and coordination between the Peshmerga forces and the international coalition to confront terrorism."
butterfly Al-Kaabi was surprised by the government's challenge to the petrodollar clause in the budget
Wednesday 09 June 2021..........The First Deputy Speaker of the House of Representatives, Hassan Karim Al-Kaabi, expressed his surprise at the government's challenge to the article on the establishment of the petrodollar fund in the federal general budget law for the year 2021.
Al-Kaabi said in a press statement: “We were very surprised that one of the appeals submitted by the government before the Federal Supreme Court regarding the Federal General Budget Law No. 23 of 2021 contained the text of Article (2-I-8), which includes the establishment of the Petrodollar Fund in all producing provinces. Crude oil, refined oil or gas, is managed by the concerned governor and is financed monthly from the increase in the price difference occurring in the selling prices of crude oil over the price fixed in the budget law.
He added: "The inclusion of this legal text by the House of Representatives was intended to support the oil or gas-producing governorates as they represent a main source for financing the state's financial budget, especially the oil exported by Basra, which contributes significantly and effectively to securing the necessary financing. infrastructure projects and the provision of necessary services to those governorates.
He pointed out: “The government has the right to challenge and exercise this right constitutionally, but what is surprising here is that the Minister of Oil and his ministry, which is the relevant sectoral authority, is from the people of Basra Governorate, which is considered the first producer and source of Iraqi oil, and it was rather in accordance with the considerations of fulfillment of these The governorate, formally confirming its objection in the meetings of the Council of Ministers to the inclusion of such an appeal far from the public interest and the people’s interest, within the government’s appeals to the budget law.”
Butterfly 2021-06-09 06:46 Shafaq News / the Central Bank of Iraq on Wednesday, announced increase in the foreign currency exchange.
Shafaq News Agency correspondent said that the foreign currency auction of the Central Bank of Iraq recorded an increase to 217,769,857 dollars which the bank covered at an exchange rate of 1460 dinars per dollar.
He added that the sales operations were in the form of wire transfer and credits (196,769,315$) and cash money (21,000,000$).
Last December, Iraq’s central bank increased the sale price of U.S. dollars to banks and currency exchanges to 1,460 dinars, from 1,182 dinars, seeking to compensate for a decline in oil revenue due to low crude prices.
The central bank of Iraq said the key reason behind the dinar’s devaluation was to close the gap of widened 2021 budget inflation after a collapse in global oil prices, a major source of Iraq’s financial resources.
butterfly 2021-06-09 05:20 Shafaq News / The dollar exchange rates climbed in the Iraqi market today, Wednesday (June 9, 2021).
• The Kifah Stock Exchange recorded 150,500 dinars, for $ 100.
• The Al-Harthiya Stock Exchange recorded 150,500 dinars for 100 dollars.
In Baghdad Selling prices in the banking stores in the local markets
•Sale price: 151,000 dinars for $ 100 • Purchase price: 150,000 dinars for $ 100
For his part, a government source said to Shafaq News Agency "the rise in dollar prices in local markets is temporary," noting that "as soon as the bank increased its sales of the currency by 25 %, there dollar's prices will drop."
butterfly 2021-06-09 04:58 Shafaq News/ Iraq’s parliamentary Finance Committee commented, on Wednesday, on the continuous rise in the price in the U.S. dollar against the dinar in the local markets.
Committee member Ahmed Al-Haj Rashid told Shafaq News Agency, "The rise in the dollar's exchange rates against the Iraqi dinar came due to the swift change in supply and demand and the merchants' dependence on the foreign currency as they prefer it over the local currency."
He added that "many citizens store dollars in their houses, preferring it over the Iraqi dinar, and this is another reason for the high exchange rates."
The dollar exchange rates climbed in the Iraqi market today, Wednesday, recording 150,500 dinars for $ 100.
The Selling prices in the banking stores also rose in the local markets.
The Sale price reached 151,000 dinars for $ 100 while the Purchase price is 150,000 dinars for $ 100
butterfly 2021-06-09 02:44 Shafaq News/ Gold traded in a tight range on Wednesday as investors eyed more data on U.S. inflation and cues on monetary policy from the European Central Bank, while weaker bond yields offered some support to the metal.
U.S. benchmark 10-year Treasury yields were hovering near more than a month’s low, while the dollar index held firm.
Spot gold was up 0.1% at $1,893.80 per ounce, as of 0524 GMT, while U.S. gold futures rose 0.1% to $1,896.60.
“What I am looking at is the build-up to the FOMC meeting ... the Fed may start to discuss about taper and this is getting highlighted,” Stephen Innes, managing partner at SPI Asset Management, said.
“The market is still of the opinion that it (the Fed) is going to a dovish taper and we have inflation aspects, which should be relatively positive for gold.”
On Thursday, traders will keep a close watch on the ECB’s policy meeting as well as the U.S. consumer price index report to gauge the Federal Reserve’s steer on monetary policy.
The U.S. central bank is expected to hold its policy meeting next week.
U.S. Treasury Secretary Janet Yellen on Sunday noted that a slightly higher interest-rate environment “would be a plus for society’s point of view and the Fed’s point of view.”
Data out of China showed May factory gate prices rose at their fastest pace in over 12 years, while consumer prices increased for the third straight month.
“We expect further gains (to gold) in the coming months amidst rising inflation pressuring U.S. treasury real yields, a weak U.S. dollar and renewed waves of COVID-19 infections,” Fitch Solutions said in a note.
Silver was steady at $27.64 per ounce, palladium eased 0.1% to $2,803.13, while platinum fell 0.1% to $1,160.08. Source: Reuters
Doug_W Silver:$27.82 +0.11
butterfly 2021-06-09 07:12 Shafaq News/ Iraq’s Security Media Cell reported on Wednesday that 18 ISIS members had been arrested in Nineveh, northern Iraq.
The Cell said in a statement, "the Federal Intelligence and Investigation Service's detachments in the Ministry of Interior arrested 18 terrorists in separate areas of Nineveh Governorate."
The detainees are wanted for their affiliation with ISIS in the so-called “The Wilaya of Nineveh”, , the camps, Diwan al-Jund, Nahawand Division and other sectors.
According to the statement, "the terrorists confessed to participating in terrorist operations against the security forces and citizens before the liberation operations.”
In 2017, Iraq declared final victory over ISIS after Iraqi forces drove its last remnants from the country, three years after the militant group captured about a third of Iraq’s territory.
The war has had a devastating impact on the areas previously controlled by the militants. About 3.2 million people remain displaced.
Yet, ISIS still has sleeper cells in several Iraqi Governorates.
butterfly 2021-06-09 06:32 Shafaq News/ The Lebanese Parliament Speaker, Nabih Berri, sent a thanks wire to the Iraqi Prime Minister, Mustafa al-Kadhimi, after the latter's cabinet approved doubling the fuel supply to Beirut.
"With great thanks and gratitude, we were informed about your, and your government, approval to supply Lebanon with one million tons of crude oil at a rate sufficient to meet half of Lebanon's need of this substance annually," Berri said.
"On behalf of the parliament and the Lebanese people, I extend my heartfelt thanks to Iraq's president, government, council, and people, wishing you success and exalt, and for Iraq more progress, stability, and prosperity."
In its session today, Iraq's cabinet approved a deal to supply Lebanon with extra 500,000 tonnes of fuel a year. Pursuant to this decision, Baghdad will be supplying Beirut with a total of one million tons of fuel a year, which covers nearly half the Mediterranean country's needs.
butterfly The central bank sells the highest amount of dollars since the exchange rate change
06/09/2021.........{Economic: Al Furat News} The Central Bank of Iraq sold, today, Wednesday, the highest amount of the dollar since it changed the exchange rate on December 19, 2020.
The total sales of the foreign currency auction of the bank today amounted to 217 million and 769 thousand and 315 dollars.
The total sale for the purposes of strengthening balances abroad (transfers, credits) in today's auction was 196 thousand and 769 thousand and 315 dollars, and the total cash sale was 21 million dollars.
On January 19, the Central Bank of Iraq decided to make a major change in the dollar exchange rate and decided to amend it as follows:
1450 dinars per dollar, the purchase price of foreign currency from the Ministry of Finance.
1460 dinars per dollar, the price of selling foreign currency to banks.
1470 dinars per dollar the price of selling foreign currency to the public.
Today, Wednesday, the stock exchange in Baghdad is witnessing a jump in dollar prices, reaching 1550 dinars, the highest price recorded in weeks.
It is said that the central bank decided first on Monday, meet all citizens ' requests for foreign currency (dollar) for the purposes of travel, study and treatment abroad by feeding the electronic payment cards {MasterCard and Visa Card} and the price official specified by the Bank. "
butterfly Al-Rafidain: Granting 75 million loans to doctors in various specialties
06/09/2021.....{Economic: Al Furat News} Al-Rafidain Bank announced, on Wednesday, granting loans to the segment of doctors in various specialties, amounting to 75 million dinars.
A statement by the bank’s media office, of which {Al-Furat News} received a copy, stated, “The loans of doctors, dentists, veterinarians, pharmacists and others are through varying stages and specific conditions and according to the loan applicant and his desire.”
He added, "Promoting the transactions of doctors' loans is through the bank's branches located in Baghdad and the provinces."
butterfly World Bank: Baghdad has not requested a loan yet and they are ready to support
06/09/2021............{Economic: Al Furat News} The World Bank confirmed its readiness to respond to any request submitted by the Iraqi government regarding loans, although it "has not requested a loan yet."
And the representative of the Bank in Baghdad, Ramzi Noman, said in a press statement, "Iraq has drawn up a policy to improve the country's economic reality by adhering to the reform white paper, but it is still facing economic crises."
Noman said, "The World Bank is ready to help Iraq if the Iraqi government asks us to do so, as the government so far has its financial and economic plans, and the World Bank is working with the Iraqi government on a new project to enhance vaccines related to the Corona pandemic, and this is what the government requested in this context, and it does not come within the portfolio owned by Iraq,” he added, “The Iraqi government has not yet requested a loan from the World Bank, and we have all the readiness and are open to direct dialogue and are ready at any moment to cooperate, being trusted partners with Iraq, and we are interested in supporting Iraq in the path of stability.” ".
With regard to the World Bank’s role in improving Iraq’s economy, Numan stated that “the Bank is working with the Government of Iraq to implement the reform items that it has drawn up, and we are working through all our projects to approach the economic crises that we have previously identified, and all the projects we undertake are in the framework of supporting The reform white paper.
butterfly He pointed out that "Iraq has drawn up a policy to improve the country's economic reality by adhering to that reform paper approved by the Council of Ministers, and work has begun to implement its contents," and asked: "Are things going in this aspect smoothly?
The answer is no, the crises are too many, because the There is the importance of the political decision that pushes the reform process forward towards economic recovery, and by that we mean the process of consensus between the political parties at the level of the different authorities to make the reform succeed.
The representative of the World Bank stated that “Iraq is still facing economic crises, including what the state inherited previously, and some of them at the present time as a result of low oil prices and the Corona pandemic, and all of them are crises that do not end in one day and one night, and the whole world is still suffering from the consequences of the Corona pandemic, so we do not expect The package of structural problems that Iraq has suffered can address them in a short time.”
He added, “Therefore, we expect that the turnout for the elections and the ability to move forward towards a political authority capable of committing to a reform plan actually begins with rebuilding and addressing the existing gaps and problems.”
butterfly A Foreign Ministry official discusses with the Korean ambassador holding the meeting of the Iraqi-Korean Joint Committee
Wednesday 09 June 2021..........Head of the Asia and Australia Department at the Ministry of Foreign Affairs, Ambassador Ali Yassin Muhammad Karim, discussed with the Korean Ambassador to Iraq Jang Kyung-wook, the holding of the Iraqi-Korean Joint Committee meeting during the current year.
A statement by the Ministry of Foreign Affairs stated that: "During the meeting, issues of common interest were reviewed, the most important of which is the draft agreement for the encouragement and protection of investment, the draft agreement to prevent double taxation, as well as the holding of the Iraqi-Korean joint committee meeting during the current year."
butterfly Iran agrees to mutually cancel entry visas with Iraq
Wednesday 09 June 2021.........The Iranian Council of Ministers has approved a mutual cancellation of entry visas for ordinary passport holders with Iraq.
And the official website of the Iranian government stated today: "The Council of Ministers approved, in its session, today, the creation of regulations to cancel entry visas for holders of ordinary passports for a period of 45 days between Iran and Iraq, provided the mutual procedure between the two countries."
He attributed his decision to "facilitating the visit of Iranian pilgrims to the holy shrines in Iraq, especially during the forty days of Imam Hussein (peace be upon him).
Dave sheila Consume 107 Red hot Chili peppers and receive a 800 number with your NDA?
butterfly sheila I have NO clue. One thing people have to understand that NO ONE that is in the know would post something like this in a chat room. People "think" they have insight/intel/confident/etc. and all it is to get attention. If you hear/read it from the government, then I would take notice.
As I was talking with my friend last night, she still believes that Nesara/Gesara is going to take over the world. My response to her, and it shut her up, how many decades have we seen/read about this? We have a Constitution and people don't understand that.
This woman is a very smart/intelligent person but lordy she does go off on the conspiracy crap. She also told me, which gave me the biggest hint of why she is talking this way, FOX is the only legit news out there and tucker Carlson knows exactly what he is saying. Again, Lordy Lordy!
Doug_W Silver:$28.01+0.30
Dave butterfly LOL.....whaT can one say........?
butterfly I tell people to look up the court papers when Fox was taken to court. It stated they are an entertainment network and "yes" they can lie because they are an "entertainment" network.
Dave ...entertainment......aint NEWS.....?
butterfly Sheila this is what I just found out in reference to your question: https://thehill.com/policy/technology/557488-global-internet-outage-blamed-on-software-bug
butterfly "We detected the disruption within one minute, then identified and isolated the cause, and disabled the configuration. Within 49 minutes, 95% of our network was operating as normal," he added.
butterfly Each to their own.....YUK: https://www.msn.com/en-us/foodanddrink/recipes/chocolatier-dips-cicadas-in-chocolate-for-a-once-in-17-years-treat/vi-AAKRXKL?ocid=st
Dave mouse infestation in Australia comes to mind...........
Clydesdale @sheila This is what they were referring to but it has absolutely nothing to do with a reval as you well know. Rec(R)aps is just out there grasping for anything they can to fill up space and give lemmings something to read. And more especially if it is under the judy byington info, look the other way. LOL Here is the link to the Ring of Fire Eclipse happening tomorrow. https://www.space.com/ring-of-fire-annual-solar-eclipse-2021
Dave a celestial event which precludes our imminent RV........WHIPPY!
Dave everything all lining up........
Butterfly Dave It has been reported that most of the common illnesses we get each year..........have gone down because of wearing the mask.
Dave Acne way up though........ know some though who wear the same disposable masks fer months......
Dave vaccines sure have made a tremendous difference in the daily case count.......down more than 80% From 400k per day to 20K......kids 12 yrs old do not require permission slips from guardians to get vaxed here........
Dave apparently young kids better informed than some parents....so the story goes...... 72% of kids 12 or older have received 1st shot....do find it odd kids need permission slips to get a piece of pizza or a field trip......
sheila Clydesdale Plausible for Ring of Fire event, yet what about 107...Gematria???
butterfly Documents: The IHEC excludes 135 candidates from the election race
Wed 09 , Jun 2021............The National Iraqi News Agency publishes the list of the Electoral Commission's decision to exclude 135 candidates from the elections scheduled for next October, the majority of whom are ranks and military officers.
butterfly Parliamentary bloc to / Nina /: The big parties do not agree to dissolve parliament and do not want early elections Wed 09 , Jun 2021............The Kurdistan Islamic Union parliamentary bloc has revealed its position on holding the elections scheduled for next October.
The head of the bloc, MP Jamal Kougar, said, in a statement to the National Iraqi News Agency ( NINA ), that "all the political forces that claim that they want to hold early elections, they do not want elections, and all parties have retracted their previous positions in which they promoted support for early elections." He pointed out: "The current security situation is the best evidence of that after the escalation of violence and assassinations."
" He added: "With such indicators and data, we are going to postpone the elections sooner or later," noting that
On the possibility of amending the new election law or dissolving the parliament before the election date, he explained that "there are objections to the new law and only large parties benefit from it, and therefore these parties do not agree to dissolve parliament and do not want early elections, because they will not be able to obtain the same number of seats that they She has it now in the current cycle."
On December 16, the Presidency of the House of Representatives approved a parliamentary request, accompanied by the signatures of 75 deputies from different blocs, to submit a proposal to amend the House of Representatives election law, and decided to refer it to the Parliamentary Legal Committee to mature the legal drafting.
The House of Representatives voted, in its evening session at the end of last March, to dissolve Parliament on October 7, 2021, with the elections to be held on time on the tenth of the same month.
Sheila @Clydesdale doing my research on gematria effects. Ain't the Internet wonderful!!!
butterfly Urgently The central bank sells the highest amount of dollars since the exchange rate change
06/09/2021 12:47:11 Urgently The central bank sells the highest amount of dollars since the exchange rate changeThe Central Bank of Iraq sold, today, Wednesday, the highest amount of the dollar since it changed the exchange rate on December 19, 2020.
The total sales of the foreign currency auction of the bank today amounted to 217 million and 769 thousand and 315 dollars.
The total sale for the purposes of strengthening balances abroad (transfers, credits) in today’s auction was 196 thousand and 769 thousand and 315 dollars, and the total cash sale was 21 million dollars.
On January 19, the Central Bank of Iraq decided to make a major change in the dollar exchange rate and decided to amend it as follows:
1450 dinars per dollar, the purchase price of foreign currency from the Ministry of Finance.
1460 dinars per dollar, the foreign currency sale price for banks.
1470 dinars per dollar, the price of selling foreign currency to the public.
Today, Wednesday, the stock exchange in Baghdad is witnessing a jump in dollar prices, reaching 1550 dinars, the highest price recorded in weeks.
It is noteworthy that the Central Bank decided, the day before yesterday, Monday, to meet all citizens’ requests for foreign currency (dollars) for the purposes of travel, study and treatment abroad by feeding electronic payment cards (MasterCard and Visa Card) at the official price set by the bank.” alforatnews.com
butterfly A significant rise in the dollar in Baghdad today
06/09/2021 12:19:09 A significant rise in the dollar in Baghdad todayThe dollar exchange rate, in the capital, Baghdad, recorded a significant increase today, Wednesday. The exchange rate amounted to 1550 dinars, or 150 thousand and 500 dinars for one hundred dollars. alforatnews.com
Butterfly World Bank: Baghdad has not requested a loan yet and they are ready to support
06/09/2021 08:33:10 World Bank - Baghdad has not requested a loan yet and they are ready to support The World Bank confirmed its readiness to respond to any request submitted by the Iraqi government regarding loans, although it “has not requested a loan yet.”
And the representative of the Bank in Baghdad, Ramzi Noman, said in a press statement, “Iraq has drawn up a policy to improve the country’s economic reality by adhering to the reform white paper, but it is still facing economic crises.”
Noman said, “The World Bank is ready to help Iraq if the Iraqi government asks us to do so, as the government so far has its financial and economic plans, and the World Bank is working with the Iraqi government on a new project to enhance vaccines related to the Corona pandemic, and this is what the government requested in this context, and it does not come within the portfolio owned by Iraq,” he added, “The Iraqi government has not yet requested a loan from the World Bank, and we have all the readiness and are open to direct dialogue and are ready at any moment to cooperate, as we are trusted partners with Iraq, and we are interested in supporting Iraq in the path of stability.” “.
butterfly With regard to the World Bank’s role in improving Iraq’s economy, Numan stated that “the Bank is working with the Government of Iraq to implement the reform provisions that it has drawn up, and we are working through all our projects to approach the economic crises that we have previously identified, and all the projects we undertake are in the framework of supporting The reform white paper.
He pointed out that “Iraq has drawn up a policy to improve the country’s economic reality by adhering to that reform paper approved by the Council of Ministers, and work has begun to implement its contents,” and asked: “Are things going smoothly in this aspect?
The answer is no, the crises are too many, because the There is the importance of the political decision that pushes the reform process forward towards economic recovery, and by that we mean the process of consensus between the political parties at the level of the different authorities to make the reform successful.
The representative of the World Bank stated that “Iraq is still facing economic crises, including what the state inherited previously, and some of them at the present time as a result of low oil prices and the Corona pandemic, and all of them are crises that do not end in a day and a night, and the whole world is still suffering from the consequences of the Corona pandemic, so we do not expect The package of structural problems that Iraq has suffered can address them in a short time.” He added, “Therefore, we expect that the turnout for the elections and the ability to move forward towards a political authority capable of committing to a reform plan actually begins with rebuilding and addressing the existing gaps and problems.” alforatnews.com
butterfly The collapse and confusion of markets after the rise of the dollar
Posted, 2021-06-09 The collapse and confusion of markets after the rise of the dollarThe markets witnessed a new rise in the exchange rate of the dollar against the dinar, as the value of one dollar reached 1500 Iraqi dinars, with a clear difference from the rate set by the Central Bank, which is 1450 dinars to the dollar.
The competent authorities have not yet provided any explanations for this rise, but experts and specialists attribute this to speculation within the market, which is carried out by traders, businessmen and private banks. days due to the economic confusion from the rise in the dollar exchange rate and the new rise in food prices and others,
The market today is witnessing great confusion due to the instability of the dollar exchange rate and the increase in the prices of materials again, and this requires the intervention of the competent government agencies to control the situation. Monthly employees and retirees as a result of the exchange rate change on the one hand and the increase in the prices of goods, medicines and basic commodities in the local markets, on the other hand.
butterfly There will be a disaster for the people, as the farce of the Central Bank and its currency auction continues. Currently, an entire people are financially and economically controlled by three private banks so that the people know the extent to which their capabilities were manipulated by corrupt parties.
The increase in prices was not limited to imported foodstuffs, but went beyond that to materials With local production, such as fish, chicken, eggs and vegetables, which in addition to the increase in their prices, some of them have become scarce from the markets as a result of the increasing demand for them, so there must be follow-up and the need to reduce the value of the dollar to end the people’s crisis that caused poverty for many citizens, follow-up to the markets and open the import of similar materials For the local product in the event of scarcity of production with the infusion of subsidized foodstuffs to reduce the demand for them in order to reflect positively on the decrease in the prices of materials. burathanews.com
Sheila Before my banking source cut me off about three weeks ago (?), they suggested I hold back currency after RV, deposit in MCA and get the bank to "loan" against the currency. Been thinking about this and cannot talk to them right now. Anyone else think this is good idea?
Doug_W sheila MCA?
Sheila Multi-Currency Account
Doug_W never heard of it who has such an animal?
Sheila Researched MCA's. See them on bank sites like HSBC, Bank of Brazil, etc. For a while, saw it listed on WF. Anyone?
Doug_W ty
Sheila Doug_W banks in Miami, NY, LA, Seattle, San Francisco,,,etc.
Doug_W I guess that terminology if out of my league
Sheila Doug_W mine, too. That's why I am asking the chat to seek help
Doug_W what would be the advantage of that over a simple currency exchange at any bank?U give them ur currency they "DeLarue" it and give U credit in a bank aacct in USD? thats simple and straight forward
Zig If you access this chat via https://my.cbox.ws/ZIGPLACE You can make the box much bigger by clicking this link ZIGPLACE - Cbox
Zig’s Place Chat and News Tuesday PM 6-8-21
.Zig’s Place Chat and News Tuesday PM 6-8-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly Syrian air defenses repel an Israeli missile attack in the sky of Damascus
Wednesday 09 June 2021 00:10......The Syrian news agency / SANA / announced: "The air defenses repelled an Israeli missile attack in the sky of the capital, Damascus," while the Syrian TV said: "The attack was launched from the Lebanese airspace and targeted the central and southern regions."
The sounds of explosions were heard in the Syrian cities of Lattakia and Homs.
butterfly Addressing the Needs of Iraq's Most Vulnerable....9th June 2021 in Healthcare.....Addressing needs of Iraq's most vulnerable critical for inclusive and sustainable recovery from COVID-19, new UNDP reports say
Zig’s Place Chat and News Tuesday PM 6-8-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly Syrian air defenses repel an Israeli missile attack in the sky of Damascus
Wednesday 09 June 2021 00:10......The Syrian news agency / SANA / announced: "The air defenses repelled an Israeli missile attack in the sky of the capital, Damascus," while the Syrian TV said: "The attack was launched from the Lebanese airspace and targeted the central and southern regions."
The sounds of explosions were heard in the Syrian cities of Lattakia and Homs.
butterfly Addressing the Needs of Iraq's Most Vulnerable....9th June 2021 in Healthcare.....Addressing needs of Iraq's most vulnerable critical for inclusive and sustainable recovery from COVID-19, new UNDP reports say
Recovery strategies targeting Iraq's vulnerable populations - including women, youth and Internally Displaced Persons (IDPs) - must be prioritized to ensure inclusive and sustainable recovery from COVID-19 in Iraq, according to two new complementary reports released today by the United Nations Development Programme (UNDP) in Iraq in collaboration with the United Nations Human Settlement Programme (UN-Habitat) and the International Organization for Migration (IOM).
Both reports emanate from a study that explores the impact of the COVID-19 crisis on socio-economic status and livelihoods at the household level, with a focus on its impact on vulnerable groups such as women, youth, children, persons with disabilities, and displaced communities. It compares urban and rural settings and considers impacts in both Federal Iraq and the Kurdistan Region of Iraq.
Original data collected and presented in the first report, Findings of the Assessment of COVID-19's Socioeconomic Impact on Iraq's Vulnerable Populations forms the basis for the subsequent policy report: Impact of COVID-19 on Iraq's Vulnerable Populations.
The latter examines policy implications of the data findings and argues that building an inclusive path forward will require establishing sustainable systems and structures, listening and responding to the voices of the vulnerable, and laying out realistic goals to enable attainment of the 2030 Agenda.
butterfly Key findings include: Income losses were widespread, with differences between Federal Iraq and the Kurdistan Region of Iraq, displaced vs non-displaced populations, and women and men employees.
Daily workers were most affected by the economic downturn
COVID-19 led to high food costs and the need for coping strategies
While community insecurity and gender-based violence increased, community level tensions were low.
Delayed income and loss of employment opportunities impacted households
Women and female-headed households reported greater impacts in some areas, such as a reduction in household income.
The reports are the sixth and seventh papers in a series released by UNDP on the impact of COVID-19 in Iraq.
"COVID-19 has, and will continue to have, long-term consequences for vulnerable Iraqis in accessing sustainable livelihoods, food security, health and education - particularly women, youth, the elderly, people living with disabilities and the displaced," says Resident Representative of UNDP Iraq, Zena Ali Ahmad.
"As the report clearly suggests, without sufficient attention to these vulnerable communities, Iraq may not achieve long-term, equitable sustainable development and recovery, and risks undoing the progress made towards achieving Agenda 2030. This could further undermine the social contract between the State and its citizens at a time where this is of critical importance.
We urge the Government of Iraq, Kurdistan Regional Government, local actors and the international community to consider the policy recommendations outlined in the report and band together and tackle this issue. As always, UNDP Iraq stands ready to support these efforts to improve the lives of all Iraqis," adds Ms Ali Ahmad.
butterfly NDP Iraq is grateful to UN-Habitat and IOM for its partnership and important contributions to Findings of the Assessment of COVID-19's Socioeconomic Impact on Iraq's Vulnerable Population and Impact of COVID-19 on Iraq's Vulnerable Populations.
Previously released papers in UNDP's socioeconomic impact assessment series:
Impact of COVID-19 and the Oil Crisis on Iraq's Fragility
Impact of COVID-19 on the Iraqi Economy
Impact of COVID-19 on Social Cohesion in Iraq
Impact of COVID-19 on Social Protection in Iraq
Impact of COVID-19 on Environmental Sustainability in Iraq (Source: UN)
butterfly Iraq to Distribute Plots of Land to Citizens......9th June 2021......Prime Minister Mustafa al-Kadhimi has said the Iraqi Government is working on a national project to distribute plots of land to citizens.
In a statement following Tuesday's cabinet meeting, al-Kadhimi added: "In order to prevent any manipulation, and for the sake of justice in the distribution of entitlement, there will be an (electronic application) to be announced soon for the purpose of registering and sorting the categories of eligible lands.
"Priority in distributing land will be determined among eligible citizens according to points and without preference or interference from any party." (Source: Govt of Iraq)
butterfly China to Rehabilitate the Nassiriyah International Airport....9th June 2021 .......Iraq and China have signed a contract for the rehabilitation of Nassiriyah International Airport.
Prime Minister Mustafa al-Kadhimi attended the signing on Tuesday.
According to Shafaq, the contract was signed by the Iraqi Civil Aviation Authority (ICAA) and the China State Construction Engineering Corporation (CSCEC). (Sources: Govt of Iraq)
butterfly UK, Iraq sign Strategic Partnership........9th June 2021.............British Foreign Secretary Dominic Raab has met with Prime Minister Kadhimi, President Salih, Foreign Minister Hussein and other high-ranking officials in the Iraqi Government.
Foreign Secretary Raab reaffirmed the UK's commitment to Iraq through signing the UK and Iraq's Strategic Partnership. He met commanders from the Global Coalition against Daesh in which the UK is a leading member and from NATO.
In addition, he discussed the UK's £17m contribution to battle Covid-19 in Iraq and UK support for Iraq's ambitious and much-needed economic reform plans, building the UK's launch of the inaugural Iraq Economic Contact Group on 21 October.
Foreign Secretary Raab said: "The UK will continue to stand shoulder-to-shoulder with the Government of Iraq as it works to rebuild from Daesh, make progress on reform, and deliver a more peaceful and hopeful future for its citizens. I am pleased we were able to sign the UK-Iraq strategic partnership today to further deepen and strengthen our friendship.
"The UK will provide £1 million of UK aid to the UN Assistance Mission for Iraq ahead of the upcoming elections to help ensure a free and fair process for the Iraqi people." (Sources: UK FCDO, Govt of Iraq)
butterfly Iran imports foodstuffs with its frozen funds in Iraq
06/09/2021...........{Economic: Al Furat News} A member of the Presidium of the Iranian-Iraqi Joint Chamber of Commerce confirmed the supply of food shipments through coverage of Iran's frozen assets in Iraq.
Hamid Hosseini said in a statement to Fars News Agency on Tuesday that "after a visit by the Iraqi Minister of Economy to Tehran, the Iranian Minister of Energy confirmed that some of the food shipments supplied to Iran were covered by Iranian dues on Iraq."
He pointed out, "The minister also mentioned that it was agreed at the meeting to buy 16 million doses of the Corona vaccine through the Kovacs mechanism (to the World Health Organization) through Iran's dues to the neighboring country."
Hosseini pointed out that "the spokesman for the Iraqi Ministry of Electricity, in turn, confirmed Baghdad's determination to pay the dues to Iran, and it has a timetable for payment."
And he indicated, "The dues owed by Iraq from supplying Iranian electricity have been paid, as the Mbna Industrial Group has projects in Iraq and it seems that the Ministry of Energy obtained its debts in the Iraqi dinar currency, but the National Gas Company insists on the return of foreign exchange that comes from Exporting to Iraq, as it is benefited from by purchasing and supplying goods to Iran.
butterfly The government is discussing and reconsidering internal and external borrowing
06/08/2021.........{Local: Al Furat News} The Ministry of Planning discussed, on Tuesday, working to reconsider according to the economic and financial conditions of Iraq, and to ensure maximum benefit from loans, whether internal or external,
Minister of Planning Khaled Battal Al-Najm chaired a joint meeting between the Ministries of Planning and Finance, which included Undersecretary for Technical Affairs Maher Hammad Johan, Director General of the Public Debt Department in the Ministry of Finance Khaled Salah El-Din, and Director General of International Cooperation in the Ministry of Planning, Saher Abdel-Kazim, and a number of experts. And advisers in the two ministries, according to the statement.
During the meeting, "discussing the borrowing mechanisms currently in force, and working to reconsider them in accordance with the economic and financial conditions of Iraq, in a manner that ensures maximum benefit from loans, whether internal or external, in financing investment and service projects, in a manner that does not constitute a burden on the national economy." Forgiveness of Lights
Sheila USE YOUR OWN DISCERNMENT: Nicks Podbean, 06/08/2021 Podcast Live Telegram Call The Bond Question -- https://www.podbean.com/media/share/pb-57si2-105be4d
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Zig’s Place Chat and News Tuesday AM 6-8-21
.Zig’s Place Chat and News Tuesday AM 6-8-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly Victory: The rise in the price of oil must be offset by the decline in the price of the dollar
15:03 – 08/06/2021 Victory - The rise in the price of oil must be offset by the decline in the price of the dollarinformation/special --- The victory bloc confirmed, on Tuesday, that the process of manipulating price bills on all products and smuggling currency abroad was a major reason for the rise in the dollar exchange rate.
Member of the bloc, Taha Al-Dafia, said in a statement to / the information / that “the rise in the price of the dollar directly affected the prices of commercial products in an obscene way, such as iron and building materials, which delayed the reconstruction process in Iraq .” He added, “With the rise in the price of oil, the price of the dollar should decrease or return to its normal price, but some influential parties prevented this.”
Zig’s Place Chat and News Tuesday AM 6-8-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly Victory: The rise in the price of oil must be offset by the decline in the price of the dollar
15:03 – 08/06/2021 Victory - The rise in the price of oil must be offset by the decline in the price of the dollarinformation/special --- The victory bloc confirmed, on Tuesday, that the process of manipulating price bills on all products and smuggling currency abroad was a major reason for the rise in the dollar exchange rate.
Member of the bloc, Taha Al-Dafia, said in a statement to / the information / that “the rise in the price of the dollar directly affected the prices of commercial products in an obscene way, such as iron and building materials, which delayed the reconstruction process in Iraq .” He added, “With the rise in the price of oil, the price of the dollar should decrease or return to its normal price, but some influential parties prevented this.”
He pointed out that “the rise of the dollar and the lack of control over it affected the owners of limited income and the poor, and also affected the reconstruction and construction process.”
The markets are witnessing an outrageous rise in commercial products, building materials and iron due to the high exchange rate of the dollar against the Iraqi dinar. almaalomah.org
butterfly Parliamentary Integrity: Allawi rebelled against the legislative authority
2021-06-08 01:52 Parliamentary Integrity - Allawi rebelled against the legislative authorityShafaq News/ On Tuesday, the Parliamentary Integrity Committee threatened Finance Minister Abdul Amir Allawi not to attend the interrogation session in Parliament in rebellion against the legislative authority, while accusing some political blocs of disrupting the sessions.
Member of the Committee, Representative Alia Nassif, told Shafak News Agency, “Finance Minister Abdul Amir Allawi threatened not to attend the interrogation session,” noting that “this is the latest kind of ministerial rebellion against the oversight authority of the Parliament.”
She added that “there is cooperation from some political parties and ministers to disrupt the sessions by not having a quorum and disrupting the questioning of ministers.”
Nassif indicated, “The formation of the government came in accordance with partisan quotas,” noting that “all government ministers are partisan and there is no independent among them.”
The Presidency of the House of Representatives set on Monday, May 31, the date for questioning Finance Minister Ali Allaw, but it failed to hold the session due to the lack of a quorum.
A number of deputies stated in previous statements that Allawi threatened to resign if he insisted on questioning him in Parliament.
It is noteworthy that a number of political blocs and members of the House of Representatives demanded the questioning of Finance Minister Ali Allawi, and his dismissal from his position because of his policy, which some of them described as “failed.” shafaq.com
8 Jun 21, 12:38 PM butterfly Al-Kazemi: The people were let down by the corrupt, and we put in place the first plan for economic reform in the history of Iraq
06/08/2021 15:31:33 Al-Kazemi - The people were let down by the corrupt and we put in place the first plan for economic reform in the history of IraqPrime Minister Mustafa Al-Kazemi stressed, on Tuesday, that the people had failed the corrupt, pointing out that we had put in place the first plan for economic reform in the history of Iraq.
Al-Kazemi said in a speech during the cabinet session, that “the government, despite the heavy legacy and great challenges, has taken important steps on the path of reform, and saved the country financially and economically, and is trying hard, with plans and strategies that have been prepared, to put the country on the right path.”
He explained: After we have closed the first year of the government’s life, which was granted by Parliament, we affirm that Iraq is capable of playing its civilized role in this world, as it is the Iraq of civilization, writing, law and science.
He stressed that “the annual government performance report, which was launched recently, included information and readings in all transparency, accuracy and clarity, and it includes the government’s achievements during a whole year.”
He went on to say: The government performance report lists in all transparency and impartiality what the government has accomplished from May 2020 to May 2021, as well as everything that is in the process of being accomplished.
And between: Our people have suffered a lot and have been let down by the corrupt, the slogan dealers and the unscrupulous, and today we put before you in full transparency what we have accomplished and what we have not yet accomplished, and what we are on the way to accomplish, in service to Iraq and the Iraqis who deserve the best. alforatnews.com
Butterfly Dollar prices break the barrier of 1500 dinars in Iraq
2021-06-08 Dollar prices break the barrier of 1500 dinars 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 150,250 Dollar purchase price 149,250
The price of the dollar against the Iranian toman Baghdad $100 2,300,000 tomans
foreign currencies 100 euros 121.71 dollars 100 pounds 141.41 dollars 100 dollars 860.84 Turkish liras
metal The price of an ounce of gold globally 1891.75 $
oil The price of a barrel of Brent crude oil $ 70.82 The price of a barrel of US crude oil 68.58 dollars
burathanews.com
butterfly KRG to rely 100% on Natural Gas for Electricity..........8th June 2021 ......Ten electricity plants were provided with transformers at a ceremony attended by Deputy Prime Minister Qubad Talabani in Koya town on Thursday.
The Deputy Prime Minister commended the Koya transformer project and addressed developments in the electricity sector, including the Kurdistan Regional Government's decision to go all in on natural gas.
"The power generation costs are still high," said Deputy Prime Minister Talabani, "and to solve this, we are planning to increase the dependency on natural gas to 100 percent as a source of fossil fuel in power generation."
Also in attendance at the Koya ceremony was Minister of Electricity Kamal Mohammed Salih, who provided more information on the 2.728 billion dinar (or roughly 1.8 million USD) transformer project.
Minister Salih hailed the cabinet's achievements in power generation and distribution, and stated that more than 450 projects have been initiated with a total worth of 60 billion dinars.
KRG is planning to open three more power plants in the Kurdistan Region by the end of this year: a steam power plant in Khabat District, a gas power plant in the Garmian region, and a 37-megawatt plant in Deraluk.
The Deputy Prime Minister Qubad Talabani also talked about his latest visit to Baghdad with the KRG delegation to discuss the region's share of the budget.
He noted that one of the topics of discussion was cooperative power generation between the federal and regional governments, a step that would drastically increase Iraq's supply of electricity. (Source: KRG)
butterfly 2021-06-08 04:49 Shafaq News/ Basra Light climbs to more than 71 $ recording one of the highest prices among OPEC members.
As for other OPEC prices,OPEC Members Last Oil price/barrel ($) UAE Murban 71.00 Iraq Basa Light 71.68
Iraq Basra Heavy 67.68 KSA Arab Extra Light 71.00 Algeria Saharan Blend 69.98 Nigeria Bonny Light 70.82 Angola Girasol 71.17 As for the international prices, WTI climbs to 68.71$ while Brent Crude rose to 70.92 $.
butterfly 2021-06-08 02:25 Shafaq News / The dollar exchange rates dropped in the Iraqi market today, Tuesday (June 8, 2021).
• The Kifah Stock Exchange recorded 149,500 dinars, for $ 100.
• The Al-Harthiya Stock Exchange recorded 149,500 dinars for 100 dollars.
In Baghdad Selling prices in the banking stores in the local markets
•Sale price: 150,000 dinars for $ 100 • Purchase price: 149,000 dinars for $ 100
In Erbil Selling prices in the banking stores in the local markets
•Sale price: 149,800 dinars for $ 100 • Purchase price: 149,500 dinars for $ 100
butterfly The Cabinet votes to contract with local and international banking experts to reform the banking sector
Tuesday 08, June 2021 17:43.........The Council of Ministers voted, in its session today, Tuesday, to contract with local and international banking experts to reform the banking sector.
butterfly Blinken: Hundreds of sanctions against Iran will remain in effect even if it complies with the terms of the nuclear agreement
Tuesday 08, June 2021 20:00..........US Secretary of State Anthony Blinken affirmed: "Hundreds of sanctions against Iran will remain in effect even if Tehran returns to comply with the terms of the nuclear agreement."
"It should be expected that even if Iran returns to implementing the Joint Comprehensive Plan of Action on Iran's nuclear program, hundreds of sanctions against it will still be in effect," Blinken said at a Senate hearing.
He added, "This includes those that were imposed during the era of former US President Donald Trump."
And US President Joe Biden said earlier, "Washington does not plan to lift sanctions on Iran to bring it back to the negotiating table on the Joint Comprehensive Plan of Action."
For its part, Iran announced that it is "close to lifting all forms of sanctions that are consistent and inconsistent with the nuclear agreement, with honorable results."
Iranian government spokesman Ali Rabiei said: "We are interested in ending the Vienna negotiations before the end of the monitoring agreement between Tehran and the International Atomic Energy Agency," stressing that "there is nothing to prevent the government of President Hassan Rouhani from reaching an agreement in Vienna before the presidential elections."
The fifth round of talks between the parties to the agreement on Iran's nuclear program ended last Wednesday, after days of talks in order to achieve the return of the United States to the nuclear agreement signed in 2015, and the lifting of US sanctions imposed on Iran following Washington's withdrawal from the agreement in 2018.
The delegations agreed to return To their capitals in order to hold more consultations to start a new round of negotiations in the coming days.
butterfly Allawi: It is in the interest of Iraq and other countries not to dispense with the International Criminal Court
Tuesday 08, June 2021 19:53...........Head of the National Coalition / Iyad Allawi confirmed: "It is in the interest of Iraq and other countries not to dispense with the International Criminal Court and to support its role in implementing the principle of accountability for those involved in the assassination crimes."
Allawi said in a tweet: "Otherwise, the deterrent to terrorist gangs and uncontrolled weapons will remain absent, and the power of these gangs will increase and increase at the expense of the security and stability of Iraq and other countries."
butterfly During his meeting with the British Foreign Minister .. Al-Kazemi reiterates the importance of coordinating work with international bodies supporting the implementation of the upcoming elections
Tuesday 08, June 2021 18:54..........Prime Minister Mustafa Al-Kazemi reiterated the importance of coordinating work with international parties supporting the implementation of the upcoming elections, by assigning the work of the Electoral Commission and providing it with international observers.
Al-Kadhimi said, during his meeting with British Foreign Minister Dominic Raab and his accompanying delegation, that "the signing of the document of strategic political cooperation between the two countries is a culmination of the development witnessed by the bilateral relationship," expressing his appreciation for Britain's position in support of Iraq in its war on terrorism, and his welcome to the British government's support for Iraq's efforts. in the field of economic reform.
The meeting witnessed, according to a statement by the Prime Minister’s Media Office, a discussion of bilateral relations and ways to enhance them, especially in the post-military cooperation phase within the international coalition to defeat ISIS, with the aim of developing economic, cultural and health cooperation, in addition to cooperation in the investment field, and providing appropriate conditions for major British companies to work. in Iraq.
Raab conveyed the greetings of British Prime Minister Boris Johnson to the Iraqi government and people, reiterating the United Kingdom's full support for Iraq and the government's efforts to impose the rule of law and stability, as well as support for its growing regional role in mitigating conflicts and giving precedence to the logic of wisdom rather than continuing conflicts.
Butterfly And the British minister indicated: "Iraq's leading role regionally is evidence of the Iraqi government's future vision of the nature of stability, calming factors and ways to enhance them in the region."
butterfly Al-Kazemi to the British Foreign Minister: The signing of the strategic cooperation document is a culmination of the development of bilateral relations
Tuesday 08, June 2021 18:32..........Prime Minister Mustafa Al-Kazemi received British Foreign Minister Dominic Raab and his accompanying delegation.
Al-Kazemi stressed during the meeting: "The signing of the strategic political cooperation document between the two countries is the culmination of the development witnessed by the bilateral relationship," expressing his appreciation for Britain's position in support of Iraq in its war on terrorism, and his welcome to the British government's support for Iraq's efforts in the field of economic reform.
butterfly 2021-06-08 09:57 Shafaq News/ Prime Minister Mustafa Al-Kadhimi announced the government is working on a national project to distribute land plots to citizens.
Al-Kadhimi said during the cabinet session that tireless work had been ongoing for months to facilitate the distribution process.
"To prevent any manipulation, there will be an electronic application that will be launched soon to register and sort those who are eligible to receive the lands."
Al-Kadhimi indicated that work is underway to provide bank loans for the land recipients to start building their housing units, adding that all construction operations will be subject to laws, urban plans, and infrastructure plans."
He pointed out that distributing lands will increase the number of job opportunities in the private sector.
butterfly 2021-06-08 06:32 Shafaq News/ The President of Kurdistan, Nechirvan Barzani, received today, Tuesday, a delegation of the Islamic Clerics Union in the Region.
The meeting was attended by the Minister of Endowment in Kurdistan, according to a readout issued by the Region’s Presidency.
The meeting highlighted the role of the Cleric's Union in deepening the culture of coexistence, tolerance, and acceptance, and boosting the national spirit amongst the different communities in the Kurdistan Region.
The Union emphasized its support to the President's endeavors to establish the constitution and wished him success in his quest, calling for envisaging the Islamic legislature as one of the legislation sources without tampering with other religions' particularities and public freedom.
For his part, President Barzani appraised the role the Islamic Clerics can play in bolstering social foundations, tolerance, and eschewing violence and extremism.
The meeting touched upon the cooperation between the Ministry of Endowment and the Islamic Clerics Union in Kurdistan, the religious education, and the livelihoods of the Clerics in the Region.
8 Jun 21, 01:12 PM Clydesdale What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE I want to know what it means when "she's" wearing pigtails. HaHaHa:
butterfly 2021-06-08 12:12 Shafaq News/ Over the past two days, the U.S. dollar exchange rate against the Iraqi has skyrocketed, hitting the milestone of 150,000 Iraqi dinars for every 100 U.S. dollars, the highest since pegging the dinar in the Federal Budget at the rate of 145,000 to 100.
Economists, bankers, and finance experts shed light upon a spectrum of factors inherent in the fast depreciation pace. However, they all pinpointed the "hard currency drainage via the daily sales of the Central Bank of Iraq (CBI) in the daily currency auctions" as a significant and independent, yet dangerous, factor in the downward drive of the Iraqi national currency.
"There are many causes. Most notably, the citizen's lack of confidence in the national currency and the preference to demand and hoard the dollar in lieu of the unstable dinar," the financial and economic expert, Hilal Tahhan, told Shafaq News Agency.
"Another major factor is the dollar 'smuggling' outside the state via the [currency] auction held daily by the [central] bank. The non-cash transactions always outdo the cash transactions, as all the [former] transactions go abroad to boost the imports. With inflated invoices of imported goods and freights, the hard currency difference [between the actual and the registered invoices] slides to foreign banks under various entities."
butterfly The economic expert, Dergham Muhammad Ali, said in a statement to Shafaq News Agency, "the rise of the dollar [exchange rates] is caused by the Central Bank's policies by limiting the dollar sales to banks, perpetuating the oligopoly of foreign currency and selling huge sums as [non-cash] transactions allowing smuggling and creating a black market."
"Government parties and the Central Bank colluding with private banks, most of which are owned by politicians, are liable in the tort of the soaring exchange rate. The government, aware of the frail public pressure, continues to connive with the dollar mobs in the country to harvest more money," he added.
"Fixing the exchange rate in the budget prompted the importers to buy dollars to fund the external trade after halting the purchase recently," the professor of economics at the Iraqi University, Abdul Rahman al-Mashhadani, said.
He added, "the bank needs to boost its sales in the auction to supply the imports," noting that "smuggling" is only a "pretext" and not an "actual cause" for the devaluation.
The owner of "al-Bawasel Exchange" company, Muhammad Hamza, cited several factors for the increasing demand for dollar bills, "loans granted by the government to finance residential units and cars purchase need hard currency. The Iraqi citizen's easy drive-by rumors is another cause."
In a statement to Shafaq News Agency, a government source accused "speculations in the market" of fueling the already on fire dollar exchange rates, indicating that the CBI will continue to finance imports.
The source, who spoke under the condition of anonymity, said, "the [Central] Bank will finally be able to fix the exchange rate via its own tools and maintain a small difference between the Bank price and the market price."
Dave "Government parties and the Central Bank colluding with private banks, most of which are owned by politicians, are liable in the tort of the soaring exchange rate".........HMMM,,,, go figure......
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