Zig’s Place Chatroom News Saturday AM 7-17-21

Zig’s Place Chatroom News Saturday AM 7-17-21

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

butterfly   2021-07-17 03:18   Shafaq News / The dollar exchange rates climbed today, Saturday (July 17, 2021) in the Iraqi market.

• The Kifah Stock Exchange recorded 148,100 dinars, for $ 100.

• The Al-Harthiya Stock Exchange recorded 148,100 dinars for 100 dollars.

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

•Sale price: 148,500 dinars for $ 100   • Purchase price: 147,500 dinars for $ 100

butterfly  2021-07-16 05:21   Shafaq News/ Prime Minister Mustafa Al-Kadhimi instructed, during the twenty-seventh regular session of the Council, to add a representative from the Ministry of Planning to al-Diwaniyah Order Committee (7 of 2020) concerned with preparing instructions to facilitate the implementation of the amended Federal Financial Management Law (6 of 2019).

The General Secretariat of the Council of Ministers said in a statement that the directive included a re-examination of the instructions to facilitate the Law, taking into account the general notes of the Ministry of Planning.

The committee will submit its recommendations to the General Secretariat of the Council of Ministers within a maximum of 45 working days, while checking the mentioned instructions from the State Council as soon as possible, according to the statement.

The Financial Management law organizes the rules and procedures that govern the financial and accounting management in the field of planning, preparation, implementation, control, and auditing of the federal public budget and directing all federal revenues to the public treasury.

butterfly   2021-07-17 07:04  Shafaq News/ The US-led Coalition delivered, on Saturday, to the Peshmerga weapons and ammunition worth 3,784,751$.

A source in the Coalition told Shafaq News Agency that, The Peshmerga received from the International Coalition Forces the military equipment to use them in confronting ISIS.

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

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

butterfly  2021-07-17 01:16  Shafaq News/ U.S. President Joe Biden will host Iraqi Prime Minister Mustafa al-Kadhimi at the White House on 26th of July.

White House Press Secretary Jen Psaki said, the visit will highlight the strategic partnership between the two countries and advance bilateral cooperation under a 2008 agreement that governed the withdrawal of U.S. troops from Iraq.

listing areas of common interest with Iraq, such as energy and health, Psaki said Biden looked forward to strengthening cooperation with Iraq on "security issues to include joint efforts to ensure the enduring defeat" of the ISIS.

About 3,000 soldiers of the Global Coalition forces are deployed in Iraq, including 2,500 American soldiers, to fight the ISIS organization.

butterfly 2021-07-17 06:41

Shafaq News/ Kurdish Organizations Network Coalition for the International Criminal Court (KONCICC) called, on Saturday, the Kurdish leaders to urge the Federal Government to return the membership of Iraq to the International Criminal Court.

KONCICC Representatives said, in a panel in Kirkuk, "139 countries have signed the Rome Statute, including Iraq, but it withdrew after two weeks without any clarification.”

The Coalition pointed out that "the Iraqi state's ratification of the Treaty of Rome and its accession to the International Criminal Court is important so that genocide, war crimes and crimes against humanity in Iraq are not repeated."

It renewed its call for the Iraqi government to join the Rome Statute to reassure the people of Kurdistan and the religious and sectarian minorities in Iraq.

The Coalition demanded from the Kurdish leaders to make Iraq's return to the Rome statute one of the demands of the people of Kurdistan during their negotiations with the federal government in Baghdad.

They also called on the Kurdish government, the Iraqi government, and the Kurdish leaders in West Kurdistan to cooperate with the International Criminal Court in providing information on ISIS militants who hold the nationality of a member state in the Court.

butterfly  The states parties to the Rome Statute of the International Criminal Court are those sovereign states that have ratified or have otherwise become party to, the Rome Statute of the International Criminal Court.

The Rome Statute is the treaty that established the International Criminal Court, an international court that has jurisdiction over certain international crimes, including genocide, crimes against humanity, and war crimes that are committed by nationals of states parties or within the territory of states parties. States parties are legally obligated to co-operate with the Court when it requires

butterfly   2021-07-17 04:59  Shafaq News/ The Political Bureau of the Patriotic Union of Kurdistan (PUK) decided on Saturday to strip Lahore Sheikh Jangi, of power.

A PUK official document said all members of the PUK Political Bureau ratified the decision that co-chairman Lahore Sheikh Genki would hand over all his powers to co-chairman Bafel Talabani.

Earlier this week, Jangi, confirmed in a meeting with the families of the martyrs that he is ready - for the sake of the Patriotic Union - to leave work and move away if he makes sure that he is the cause of the problems, adding that he will deliver a detailed speech Tonight to announce his position.

He added with watery eyes, "I'm sorry... I did not imagine that my cousin would pull a poisoned dagger on me," referring to the joint president, Bafel Talabani.

Bafel Talabani and his cousin Lahore Sheikh Jangi Talabani, the PUK’S co-chairmen threatened each other of military confrontation.

Both put on a heightened military state of alert to impose the will on the other side.

The dispute has been irritating after Bafel Talabani decided to appoint a person of his side as the head of the Zanyari security apparatus to lead the fight against terrorism.

The apparatus is considered the most powerful Kurdish intelligence and security service. It was led by Lahore Sheikh Jangi Talabani.

In February 2020, Bafel Talabani and Lahore Sheikh Jangi Talabani were elected as co-chairs of the Patriotic Union of Kurdistan, the first step of its kind for Kurdish parties.

It was agreed that the son of the Founder, Bafel, would conduct politics, while Sheikh Jangi would take responsibility for security files.

butterfly  But it appears that Bafel's latest move will assert control over the security institutions within the PUK's sphere of influence.

During Jalal Talabani’s illness, Lahore Sheikh Jangi gradually took defacto steps to control social and youth fronts in addition to security institutions in the Party, until Bafel was unable to remove him, and eventually agreed with him to share the leadership.

However, Bafel Talabani’s move, supported by veteran leaders in the Party, pulled the rug out from Sheikh Jangi and stripped the power over the institutions that had been under his control for years.

These fast-moving developments prompted the Iraqi President Barham Salih, who is a PUK leader, as well as American and Iranian parties to intervene, trying to contain any armed clash between cousins.

Butterfly   The Iraqi Stock Exchange announces the suspension of trading for five days

2021-07-17 01:08  The Iraqi Stock Exchange announces the suspension of trading for five daysShafaq News/ The Iraq Stock Exchange announced, on Saturday, the suspension of its activity for a period of five days.

The market said in a statement received by Shafaq News Agency, “Based on the decision of the Council of Ministers to declare an official holiday starting tomorrow, Sunday, trading sessions will not be organized for the period from Sunday, July 18 to Thursday, July 22, 2021, to announce the Eid al-Adha holiday.”

“The activity will be practiced after the official holiday and starting next Sunday,” he added.

It is noteworthy that it organizes five trading sessions a week from Sunday to Thursday, and includes 105 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels.   shafaq.com

butterfly   The rise in the exchange rates of the dollar in Baghdad

Saturday 17 July 2021 | 10:20 am  The rise in the exchange rates of the dollar in Bagh adThe exchange rates of the dollar rose, on Saturday, in the main stock exchange in Baghdad, with the closure of the stock exchange in the Kurdistan Region .

A source said that the Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad recorded 148,100 Iraqi dinars, compared to 100 US dollars .

Last Thursday, the Kifah Stock Exchange registered 147,800 Iraqi dinars .

 He pointed out that the buying and selling prices increased in the banking shops in the local markets in Baghdad, where the selling price amounted to 148,500 Iraqi dinars, while the purchase prices amounted to 147,500 dinars per 100 US dollars .

As for Erbil, the capital of the Kurdistan Region, it did not witness the circulation of the dollar because there is an official holiday there.   aynaliraqnews.com

butterfly   Biden will meet the Prime Minister of Iraq soon..and these are the most prominent files

7-17-2021  Biden will meet the Prime Minister of Iraq soon..and these are the most prominent filesUS President Joe Biden will receive Iraqi Prime Minister Mustafa Al-Kadhimi on July 26 in Washington, the White House announced on Friday. This visit will allow “confirmation of the strategic partnership” between the two countries, according to a White House statement.

The US presidency indicated that Biden “also looks forward to strengthening bilateral cooperation with Iraq on political, economic and security issues”, especially “joint efforts to ensure the enduring defeat” of ISIS.

The strategic dialogue between Baghdad and Washington is supposed to set a timetable for the withdrawal of the international coalition fighting ISIS.

There are still about 3,500 foreign soldiers on Iraqi soil, including 2,500 Americans, but the process of their withdrawal may take years to complete.

About 50 missile or drone attacks have targeted US interests in Iraq since the beginning of the year.

These attacks, which have not been claimed by any party, are attributed to the Popular Mobilization Forces, an alliance of pro-Iranian factions integrated into the Iraqi government forces.

The latest major attack on the seventh of July targeted the Ain Al-Assad military base in western Iraq, where 14 missiles landed, without causing any casualties.

The United States, for its part, launched strikes at the end of June on Hashd sites in Iraq and Syria, killing about 10 fighters loyal to Iran.

This raises fears of an open conflict in Iraq, between Baghdad’s allies, the United States and Iran.  rawabetcenter.com

butterfly   Industry: The company investing in Badush Cement Factory will bear the development of the factory and pay the employees’ salaries

Saturday 17 July 2021 ...........The Ministry of Industry and Minerals justified the transfer of the new Badush Cement Factory, one of the northern cement factories in Nineveh Governorate, affiliated with the General Company for Iraqi Cement, to investment.

The ministry confirmed, in an official statement, that after dozens of daily wage workers demonstrated in the new Badoush Cement Factory today, Saturday, in protest against the decision to refer the factory to investment, “the referral of the new Badoush Cement Factory to investment came within legal procedures and according to the directions of the white paper regarding investment. All the successful laboratories and rehabilitating the laggard laboratories for the purpose of investing them as well.”

butterfly   And she added, "The plant consists of two production lines with a design capacity of (3) thousand tons per day, and it is currently producing, despite the ongoing rehabilitation and maintenance operations, with a limit of (1600) tons per day. its production capacity, and the abolition of the current deposits that pollute the environment, especially after sending a warning to the laboratory from the Nineveh Environment Department to treat dust deposits, which require huge sums that the ministry or the company cannot secure at the present time.”

The ministry explained, "The investment contract was studied and approved by the ministry after setting a number of conditions, the most important of which is receiving all permanent and temporary employees and contracts, and the investor bears a large part of their salaries, and granting a free share to the company in the first month of receiving the plant and not after the end of the qualification period."

As it is known in the partnership and investment contracts, in addition to the clauses of rehabilitating the plant to access the design capacity, and bringing modern systems to control and operate unparalleled in the company’s laboratories, as well as changing the dust deposition system from electric affected by operating conditions to an environmentally friendly bag, and monitoring the rehabilitation work Company Partnerships Committee.

The ministry indicated that "when noticing that the investing company is not serious about rehabilitation after one year, the contract will be terminated, in addition to that all salaries will be transferred to the investing company after the qualification period of two years, and a free share is paid annually, which will amount to (6) billion dinars," stressing that "it was all the permanent staff installed in the lab, as well as daily wage workers , both the (1109) and others . "

Butterfly   Iraq expresses its solidarity with the governments of Germany and Belgium due to the recent floods that occurred in them

Saturday 17 July 2021.......Iraq has expressed its solidarity with the governments of Germany and Belgium due to the recent floods that occurred in them.

And the Ministry of Foreign Affairs stated in a statement received by the National Iraqi News Agency / NINA / of a copy of it: "The government of Iraq expresses its solidarity with the governments of Germany and Belgium, following the recent floods, and expresses the feelings of grief over the fall of the number of victims and the loss of dozens of civilians. It  added: “We extend our sincerest condolences to the families of the victims and missing persons in these difficult times.”

Butterfly   Nina publishes the names of the government delegation accompanying Al-Kazemi during his upcoming visit to Washington

Saturday 17 July 2021...........The National Iraqi News Agency publishes the names of the government delegation that will accompany Prime Minister Mustafa Al-Kazemi on his scheduled visit to Washington, DC, from July 21 to July 23, except for travel days.

The government delegation includes, according to the Diwani order, 25 government officials.

butterfly   The Patriotic Union of Kurdistan strips the co-president of Lahore Genki of all powers

Saturday 17 July 2021.......The Political Bureau of the Patriotic Union of Kurdistan decided to strip the party's co-chair, Lahore Sheikh Janki, of all the powers entrusted to him.

The members of the Political Bureau approved, according to the meeting held on July 15, that Lahore Sheikh Janki will hand over his powers to the joint president, Bafel Talabani, until the completion of the amendment of the internal system, and this decision will enter into force from the date of its issuance on July 17 this year.

Butterfly   Recommendations from Iraqi Airways to travelers outside Iraq

Saturday 17 July 2021.......The Iraqi Airways Company recommended, citizens wishing to travel outside Iraq, the necessity of coming to the airports to complete all travel procedures, at least three hours before leaving their flights, for international and domestic flights.

The company called on its passengers to use the electronic travel check-in service available through the smart phone application or the check-in buildings located on both sides of Karkh and Rusafa in the capital, or at the entrance to Baghdad International Airport through Abbas Bin Firnas Square.

butterfly   More than 8 thousand new cases of corona were recorded today in Iraq

Saturday 17 July 2021 ..........The laboratories of the Ministry of Health and Environment recorded today 8,149 new cases of coronavirus, 7,920 cases of recovery, and 38 deaths in all governorates of Iraq.

butterfly  The Minister of Interior discusses with the Egyptian Ambassador in Iraq a number of issues of common interest

Saturday 17 July 2021.........Minister of Interior Othman Al-Ghanimi discussed with the Egyptian Ambassador to Iraq Walid Muhammad Ismail, a number of issues of common interest, foremost of which is the continuous coordination and cooperation between the Republics of Iraq and Egypt.

During the meeting, the minister praised Cairo's role in supporting security and stability in the region, praising at the same time the cooperation between the two countries in various fields.

For his part, the Egyptian ambassador thanked the Minister of Interior for the warm reception and his interest in developing relations between Iraq and Egypt.

butterfly   Russia resumes flights to Egyptian resorts after six-year halt

Moscow has officially lifted the ban on flights to Egyptian resorts six years after a devastating air incident..........................CAIRO — Russian President Vladimir Putin has officially lifted restrictions on flights to Egyptian resorts in a July 8 decree, ending a ban on airlines in Russia from operating any flights to Egypt except to the capital, Cairo.

Russia imposed the ban after an explosive device detonated in a Russian passenger airliner over the Sinai Peninsula on Oct. 31, 2015, killing all 224 people on board.

Egyptian Deputy Minister of Tourism and Antiquities Ghada Shalaby said in a press statement that workers in the tourism sector warmly welcomed the decision and flights will resume on a date to be determined. She said it will also make it easier for Russian tourists to visit tourist destinations in Egypt. Instead of coming through Cairo International Airport, they will be able to fly directly to Egyptian resorts. The simplification of travel, she continued, will lead to an increase in tourism.

She said that Egypt expects the number of Russian tourists to reach 300,000 to 400,000 per month, according to information from tour operators.

Speaking to Al-Monitor, Shalaby said that the Ministry of Tourism and Antiquities is monitoring the coronavirus-related measures taken by tourist and hotel facilities. She said that the ministry is currently working with hotels to bring them in line with international standards, improving the services provided to tourists.

butterfly   Elhamy el-Zayat, former head of the Egyptian Federation of Chambers of Tourism, told Al-Monitor that the Russian decision is a major breakthrough for Egyptian resorts, especially in Sharm el-Sheikh and Hurghada. He said he expects Russian tourist numbers to reach nearly 1.5 million per year.

Zayat said that the business is sorely needed by hotels, some of which were on the verge of closing down as a result of the pandemic, and the tourism industry in general.

He added that Russian tourists may not be big spenders but they come in large numbers and there is little need to promote Egyptian tourism in Russia because Egypt is already a popular destination.

The Egyptian Ministry of Foreign Affairs warmly welcomed the Russian decision to resume flights and expressed hope for the speedy return of Russian tourism to Egyptian resorts. In a press statement on July 8, the ministry wrote that the decision boosts bilateral relations and cooperation on tourism and reflects the strength of Egyptian-Russian relations.

butterfly  Amr Hendy, the undersecretary of the parliamentary Tourism and Aviation Committee, praised the Russian decision, expressing optimism that Russian tourists will return to resorts. Hendy told Al-Monitor that the decision will breathe new life into the tourism sector after the heavy losses from the pandemic. He noted that the decision is long overdue, considering that Egypt has enjoyed security and safety for a long time.

He said that there is continuous cooperation between the parliament, represented by the Tourism and Aviation Committee, the Ministry of Tourism and Egypt's hospitality industry on precautionary measures to protect tourists and workers in the tourism sector against the virus.

Deputy Speaker of the Federation Council of the Federal Assembly of the Russian Federation Konstantin Kosachev said in a press statement to the Russian TASS news agency July 8 that Russian tourists will be safe visiting Egyptian resorts.

He said that during the ban, the Egyptian and Russian sides worked together to ensure the safety of Russian tourists, ultimately prompting Putin to lift the ban.

Amr Sedky, the former chair of the parliament’s Tourism and Aviation Committee, praised the Russian decision to lift the ban. He told Al-Monitor that the influx of Russian tourists to Egypt will grease the wheels of the tourism sector in Egypt. He added that this decision demonstrates the strength of Egyptian-Russian relations and shows that the Egyptian state has managed to improve its relations with the world, especially Russia, as exemplified by the great development in relations between the two countries under President Abdel Fattah al-Sisi.

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Zig’s Place Chatroom News Thursday Evening 7-15-21

Zig’s Place Chatroom News Thursday Evening 7-15-21

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

NORV  (Kaperoni)  15 Jul 21, 09:49 AM Tebow  “Totally disagree with '..Iraq is clearly telling you they're taking 3 zeros off the notes..'. They wouldn't be trying to bring in the large for the past few years. They would just do it when they had a rate change. A lop does not add value. They want incease value.”

NORV  (Kaperoni) There not bringing in anything...the money supply is increasing not decreasing!

NORV   And if they were bringing in dinar it would disrupt the CBI auctions and the balance between dinar and dollars which is how they maintain stability in the exchange rate.

Dave   I suppose the million dollar question maybe, believe in Kap or CBI?

Dave   Zig WTO.......requires a globally traded currency like all the other member nations?

Tebow  Dave CBI

Dave   Tebow Are you Sure????lol

Tebow   CBI won't charge $7.95 when they notifiy an RV

Dave   seems redundant ...CNN will let me know.......

butterfly   Victory: We are not in favor of overthrowing the government.. We call for reform

Thursday 15 July 2021 19:53.....Hamza Al-Hardan, a member of the "Victory Coalition", confirmed that "Victory" is not with the current move to overthrow the government, adopt reform and improve performance, and press for the government to carry out its transitional tasks with efficiency, integrity and justice.

In a statement, Al-Hardan indicated that the move to overthrow the government may take the country into the unknown, as it is a transitional government, and there is no time to allow change, and change means confiscating the transitional tasks, foremost among which is the holding of elections, which is the priority of priorities.

A member of the "Victory Coalition" pointed out that the birth of the current government was a Caesarean birth, and the complexity of the political arena currently does not allow the formation of a new government.

butterfly   Death toll from floods in Germany rises to 58

Thursday 15 July 2021 22:17.......The Ministry of Internal Affairs of the German state of Rhineland-Palatinate announced that 9 bodies of flood victims were found, bringing the total death toll in the country to 58.

"We proceed from the fact that we were able to identify nine more victims," ​​Rhineland-Palatinate Interior Minister Roger Levins was quoted by SWR television as saying.

"As a result of the natural disaster in western Germany, at least 58 people died," he added.

And the German authorities announced, earlier, that "at least 44 people died and dozens of others went missing today, Thursday, as a result of floods caused by record rains in Western Europe."

butterfly   The Russian Federal Security Service announces that it has thwarted a terrorist attack in a crowded place in Moscow

Thursday 15 July 2021 21:00 ......The Russian Federal Security Service announced today, Thursday, that it had thwarted a terrorist attack in Moscow, and arrested a Russian citizen, who was planning to detonate an explosive device in a crowded place.

"As a result of the actions taken in Moscow, a Russian citizen who was planning to organize a terrorist act in July by detonating an explosive device in crowded places was arrested," the FSB statement said.

He added that the components of the explosive device were found in the cache he had prepared, instructions for making them and correspondences with members of international terrorist organizations present in Syria, as well as the communications equipment used.

And the Russian Federal Security Service announced, at the beginning of this month, that it had thwarted terrorist acts that members of the “ISIS” organization were planning to carry out in the Russian capital, Moscow, and the Astrakhan province in southern Russia.

butterfly   Weather forecaster in Basra: Expectations of a blazing heat wave awaiting Iraqis next week

Thursday 15 July 2021 23:11........The weather forecaster, Sadiq Attia, expected Iraq to be exposed to a blazing heat wave in which the temperature exceeds 50 degrees Celsius, which will continue throughout the next week.

Attia said, according to his official page, "The coming heat wave accompanied by the stillness of the surface winds at intervals, an air rise centered in the upper layers of the atmosphere, in addition to a shallow air temperature depression, will work together on an increasing rise in temperatures during the coming days.

He added that a scorching heat wave from It is expected that it will continue throughout the next week and its signs will begin as of tomorrow, Friday,  and Attia indicated that temperatures in the shade during the day in the middle of next week range between 50 and 51 degrees Celsius in the cities of the south, central and central Euphrates, and 44-45 degrees Celsius in the west of the country, and 48-49 degrees centigrade in northern cities.

Attia expected that some medium and high-altitude clouds will appear in the airspace of the cities of Basra, Dhi Qar and Maysan in the coming days, "noting that" there are currently weak indications of light rain showers or drops in the city of Basra next Sunday.

butterfly   Al-Rasheed Bank launches a new meal from the advances

Thursday 15 July 2021 15:34......Al-Rasheed Bank announced the launch of a new meal from the predecessors of the employees of the Ministries of Defense and Interior, employees, as well as retirees.

In a statement, the bank's media office called: All beneficiaries who receive text messages to review the bank's branches or electronic payment offices to receive the amount.

He added: Work is continuing to raise the amounts in the balances of those registered for advances through the bank's application.

butterfly  Iraqi Shiite leader Sadr to sit out October election

Muqtada al-Sadr also said he would withdraw his support for the current government and its replacement..................July 15, 2021.........Influential Shiite cleric Muqtada al-Sadr says he will boycott Iraq’s upcoming general election, announcing that he is withdrawing support from the current and future governments.

“In order to preserve what is left of the nation and to save the nation that has been burnt by the corrupt and is still burning, I inform you that I will not be participating in the elections. For the nation is more important than all of that,” Sadr said in a televised speech on Thursday.

“I announce that I am withdrawing my hand from all those who are working with this government, the current and the upcoming, even if they had allegiance to us, the family of Sadr,” he said.

Sadr commands the powerful Sairoon political bloc, which won the most seats in the last parliamentary election in 2018. Sadr himself doesn’t hold a position in the government, but wields significant influence in Iraqi politics. He is a fervent critic of US interference in Iraq.

Iraq last went to the polls in May 2018, the first general election since Baghdad declared victory over the Islamic State. At 44.5%, voter turnout was the lowest since Saddam Hussein was toppled in 2003, especially in Iraq’s Shiite-dominated south.

butterfly   The early elections called by Prime Minister Mustafa al-Kadhimi were one of the main demands of the anti-government protest movement that swept Iraq in October 2019. Kadhimi’s predecessor, Adel Abdul Mahdi, resigned under pressure from tens of thousands of protesters fed up with the political establishment and Iranian influence in Iraq’s government.

In January, the Iraqi cabinet announced it was postponing the election that was scheduled for June 6. Iraq will now head to the polls on Oct. 10 to select the Council of Representatives’ 328 members, which will then elect the president and prime minister.

In May, the UN Security Council approved the Iraqi government’s request for the United Nations to send a team to monitor the elections and provide logistical support to local and international election observers.

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Zig’s Place Chatroom News Thursday Afternoon 7-15-21

Zig’s Place Chatroom News Thursday Afternoon 7-15-21

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

Butterfly   Al-Kazemi and the US delegation discuss preparations for the next round of strategic dialogue

2021-07-15 | 05:27   Al-Kazemi and the US delegation discuss preparations for the next round of strategic dialogueAlsumaria news

Today, Thursday, Prime Minister Mustafa Al-Kazemi discussed with the White House Coordinator for the Middle East and North Africa Brett McGurk and his accompanying delegation preparations for the next round of strategic dialogue.

The media office of the Prime Minister stated that “Al-Kazemi received the White House coordinator for the Middle East and North Africa, Brett McGurk and his accompanying delegation, and during the meeting, they discussed coordination and joint cooperation in various fields, and preparations for holding the next round of strategic dialogue between Iraq and the United States of America.”

The statement added, “Mechanisms for the withdrawal of combat forces from the area were discussed.” Iraq And the transition to a new stage of strategic cooperation that develops the relationship between the two countries and enhances security Iraq His Excellency, in addition to expanding cooperation in the economic, cultural and commercial fields, and in the field of health cooperation and confronting a pandemic Corona”.

He pointed out that, “during the meeting, regional situations were also discussed, and the region’s need to give precedence to the language of dialogue and calm, and the role of Iraq growing in this field.  alsumaria.tv

butterfly   The dollar continues to rise with the closure of the stock exchange in Baghdad markets

2021-07-15 08:37  Iraqi Dinar-DollarShafaq News/ The exchange rate of the dollar rose against the Iraqi dinar, on Thursday, with the closure of the main stock exchange in Baghdad.

Shafak News Agency reporter said; Al-Kifah and Al-Harithiya Central Stock Exchange closed in Baghdad at 147,900 Iraqi dinars for 100 US dollars.

While the price of the dollar this morning was 147,800 dinars, compared to 100 dollars.

Our correspondent noted; That the buying and selling prices stabilized in the banking shops in the local markets in Baghdad, where the selling price amounted to 148,250 Iraqi dinars, while the purchase prices amounted to 147,250 dinars per 100 US dollars.   shafaq.com

butterfly   With greater strength… Parliamentary Finance indicates the return of money smuggling to the currency sale auction

THURSDAY, 07-15-2021,PM 1:44   CBI US dollar, Iraqi dinarToday, Thursday, a member of the Parliamentary Finance Committee, Jamal Cougar, revealed the return of “smuggling and laundering” of money through an auction by selling currency in the Central Bank “with greater force” after Prime Minister Mustafa Al-Kazemi announced last April to eliminate him.

Cougar said, “The auction that the Central Bank conducts daily is a major corruption,” noting that “the bills that are presented and the sales numbers that are announced are exaggerated, and they are more than the country’s needs, and they are money laundering and smuggling of hard currency to neighboring countries.”

Cougar added, “The House of Representatives had previously hosted the Central Bank and officials on the currency auction, and there was pressure on the government to stop it,” noting that “the Prime Minister announced at the time the elimination of corruption in the currency auction forever, but it was returned again and with greater force. Because the will does not exist, and because the country is open to political blocs and influential parties.”

Cougar explained that “Iraq is one of the few countries that conducts an auction of currency and is managed by the state, and it needs it because the state’s budget is spent in dinars and our resources come in dollars, and merchants need dollars to import goods from abroad, and therefore there must be an entity that does this work according to a certain mechanism.”

Pointing out that “the defect is not in the existence of the currency auction, but rather the dollar that is sold does not match the bills presented by traders and investors, as what is sold in the auction is profitable by some political parties and does not go to the right place,” according to Shafaq News Agency.

butterfly   On April 11, 2021, Prime Minister Mustafa Al-Kazemi announced the success of his government in stopping waste and corruption in what is known as the “notorious” currency auction.

Al-Kazemi said in a statement at the time, “Our measures to combat corruption continue despite the obstacles that some are trying to put in place, but we will continue without retreat.”

It is noteworthy that the accusations escalated regarding currency smuggling operations, which cast a shadow over the selling prices of the dollar in the local markets and led to an increase in its exchange rate.

While MPs demanded that the government take the initiative to stop the sale of currency in the Central Bank auctions, others stressed that Iraq is losing large sums of money as a result of daily smuggling outside the borders.

Observers say that despite the Central Bank’s sales of hard currency and its pumping into Iraqi markets through sales outlets, the value of goods imported into Iraq does not equal 30% of the value of the dollar consumed at the local level daily.   non14.net

butterfly   Muqtada al-Sadr announces his withdrawal and his movement from participating in the upcoming elections and raises his hand from the current government

2021-07-15   Muqtada al-Sadr announces his withdrawal and his movement from participating in the upcoming elections and raises his hand from the current governmentThe leader of the Sadrist movement, Muqtada al-Sadr, announced his withdrawal and his party from participating in the upcoming elections, as well as withdrawing his support from the current government. This came during a speech he delivered today.

Al-Sadr said, in his televised speech, “You have my love and my love, Iraq, the Iraq of my fathers and grandfathers, you have my soul and blood, the Iraq of glory and jihad. And they raised every agent in you, so that nothing remained in you but ruin, humiliation and humiliation, O my homeland, there is a calamity in you, but in you is a calamity and corruption, and it is no longer possible to erase or reduce it.”

He added: “Everyone colludes against you, so you benefit and harm you, and I do not want to be from them, nor with them, nor among them. God is obeyed, and when someone hurts you, he is disobeyed.”

Al-Sadr continued: “In order to preserve what is left of the homeland and to save the homeland that the corrupt have burned and are still burning, I announce that I will not participate in these elections, as the homeland is more important than all affiliations, and I announce that I withdraw my hand from all those belonging to this government and the following, and if they claim to belong to us, the Sadr family, everyone is either A minor, negligent, or boasts of corruption, and everyone is liable to account.”

butterfly   He addressed the Iraqi people by saying: “Oh, the Iraqi people, today you are called to support Iraq against the corrupt, subordinationists and printmakers, and you should not sell your homeland to them at any price. The homeland is with heart and conscience, and we are not looking for a homeland because our homeland is alive and does not die, even if it is a prisoner of injustice and distress. The fate of Iraq will be the same as the fate of Syria, Afghanistan and other countries that have fallen victim to internal, regional and international policies.

Al-Sadr concluded by saying: “Brothers, I am not one who shirks responsibility, but what is happening in Iraq and within an international satanic scheme to humiliate, kneel and burn the people for fear of the arrival of reform lovers who will remove corruption for the love of the country, but we are not kneeling, we kneel to God, so let them take all positions and chairs. And let them leave our homeland, and we wish these elections success and the arrival of all the righteous, and that the corrupt will be removed.”   burathanews.com

butterfly   The Minister of Oil discusses with the Minister of Energy and Mineral Resources prospects for strengthening bilateral relations. And the outputs of the triple top / expanded

Thursday 15 July 2021 14:43 |........Minister of Oil Ihsan Abdul-Jabbar affirmed Iraq's keenness to consolidate bilateral relations with the brothers in the Kingdom of Jordan and expand the horizons of bilateral cooperation, in a manner that serves common interests.

During his meeting with the Jordanian Minister of Energy and Mineral Resources Hala Al-Zawati, he said: The meeting included discussion, discussion, recommendations and outcomes of the tripartite summit between Iraq, Jordan and Egypt in the field of cooperation in the energy file, which was held in Baghdad last June.

They also discussed strengthening bilateral relations and joint cooperation between the two countries in the field of oil to serve the interests of the two countries and brotherly peoples.

butterfly   The minister added that the (Basra - Aqaba) pipeline project to be established between Iraq and Jordan for the export of crude oil is of interest to the ministry and is currently under discussion by the technical and commercial committees, and we aim to achieve economic and commercial feasibility in a way that supports sustainable development plans and adds economic value to the two countries. .

On the sale of crude oil to Jordan, Ismail indicated that the Council of Ministers approved the renewal of the annual contract with a quantity of (10 thousand barrels).

For her part, the Jordanian Minister of Energy and Mineral Resources said: The visit comes to follow up and discuss the oil-energy file with Iraq after holding the tripartite summit, as well as discussing a number of topics of common interest, including the Basra-Aqaba pipeline project, which is one of the important strategic projects that bring economic benefit to both The two friendly peoples.

The Jordanian Minister of Energy had arrived in Baghdad to discuss a number of files and topics with the ministries of oil, electricity and planning.

butterfly   The Minister of Oil announces to his Jordanian counterpart the renewal of the contract for the sale of crude oil to his country

Thursday 15 July 2021 14:40.......Oil Minister Ihsan Abdul-Jabbar announced Iraq's approval to renew the contract for selling crude oil to Jordan.

During his meeting with the Jordanian Minister of Energy and Mineral Resources, Hala Al-Zawati, he said that: The Council of Ministers agreed to renew the contract to sell crude oil to Jordan with a quantity of 10 thousand barrels.

butterfly   The Minister of Finance chairs the session of the committee to prepare the budget strategy for the years 2022-2024

Thursday 15 July 2021 14:25......Minister of Finance Ali Abdul-Amir Allawi chaired today the meeting of the fourteenth session of the committee for preparing the federal general budget strategy for the medium term 2022-2024.

The Ministry of Finance stated in a statement that the National Iraqi News Agency / NINA / received a copy of it: “The session, which was held in the presence of the Prime Minister’s advisors, the minister’s advisor, and the general directors of the ministry and related ministries, is the strategic plan of the Ministry of Labor/Social Protection Authority for the years 2022-2024 related to the requirements for implementing The Social Welfare Development Program with the aim of raising the level of its performance and improving the quality of services provided to a large segment of the Iraqi people, and the report submitted by the Ministry of Health and Environment on the strategic vision for the development of the health and environmental sector for the years 2022-2024..

butterfly   During the meeting, Allawi stressed the need to focus and redouble efforts and energies towards enhancing and developing the efficiency of health and social care in accordance with international standards, given that the health and social care sectors are among the sectors most closely aligned with citizens.

Allawi stressed giving priority to the implementation of health facilities projects under construction and accelerating their entry into service.

butterfly   International Red Cross: Iraq and Iran exchange the remains of 47 soldiers

Thursday 15 July 2021 18:40........The International Red Cross announced that: Iraq and Iran exchanged today, Thursday, the remains of 47 Iraqi and Iranian soldiers, who died in the war of the eighties.

And it stated in a statement that: The exchange process took place under the supervision of the committee, as the remains of 4 Iraqis and 43 Iranians were returned to their country at the Shalamcheh border crossing near the city of Basra.

The committee added: “More than 30 years have passed since the end of the armed conflict between Iraq and Iran, and thousands of families are still unaware of the fate of their loved ones. We will continue our support to the concerned authorities in providing answers to these families.”

butterfly   The General Secretariat of the Council of Ministers: Eid holiday begins next Sunday

Thursday 15 July 2021 18:16 ......The General Secretariat of the Council of Ministers announced that the Eid Al-Adha holiday will start next Sunday.

And it stated in a statement: The blessed Eid Al-Adha holiday will start on Sunday, 18/7/2021, and end on Saturday, 24/7/2021, provided that official working hours will resume in all state departments, on Sunday 25/7/2021./ 3 . finished

butterfly   The Minister of Planning discusses with the Jordanian Minister of Energy, the mechanisms of electrical interconnection between the two countries and the establishment of the joint economic zone

Thursday 15 July 2021 16:45 .........Minister of Planning Khaled Batal Al-Najm discussed with the Minister of Energy of the Hashemite Kingdom of Jordan Hala Jawad, the mechanisms of electrical interconnection between the two countries, and the establishment of the joint economic zone.

The Ministry of Planning said in a statement that the National Iraqi News Agency / NINA / received a copy of it: "During the meeting, which was attended by the Jordanian ambassador in Baghdad, prospects for joint cooperation between the two brotherly countries were discussed, in light of the outcome of the tripartite summit of the leaders of Iraq, Jordan and Egypt which was held in Baghdad before the end of last June.

The two sides discussed the practical steps that have been achieved to complete the requirements of the bilateral electrical interconnection between Iraq and Jordan, and to strengthen the linkage between Jordan and Egypt.

butterfly   The meeting also witnessed a review of the procedures related to the oil pipeline project, as well as completing the requirements for establishing the joint economic zone, and providing it with electric power from the Jordanian side.

butterfly  Nassiriyah Hospital Fire: Arrest Warrants Issued.....15th July 2021 in Healthcare, Politics.....Authorities in Iraq are facing accusations of negligence following the fire at the al-Hussein coronavirus hospital in Nassiriyah on Monday.   Estimates of the death toll range from 60 to over 100, with more than 100 people injured.

The fire is believed to have started when sparks from faulty wiring caused an oxygen tank to explode.

Arrest warrants have been issued for several officials.   (Sources: Reuters, BBC, The New Arab)

butterfly   China to Build New Refinery at Fao.......15th July 2021 ......Reuters reports that China's state-owned China National Chemical Engineering Company (CNCEC) is to build a 300,000-bpd oil refinery at the Iraqi port of Fao.   (Sources: Reuters, Mehr)

butterfly   Enhancing Agricultural Development will Facilitate Accession to WTO......15th July 2021........A workshop on "WTO Accession and Agriculture" was organised from 4th to 7th July 2021 in Baghdad.

Agricultural development consistent with WTO standards needs enhancement in Iraq for facilitating the negotiations leading to the accession process.

The workshop provided a comprehensive overview of the agriculture sector as perceived within the WTO and the Agreement on Agriculture and its pillars.

Representatives from various government institutions from Baghdad and the Kurdistan Region of Iraq including officials from the Ministry of Trade, Ministry of Agriculture, Ministry of Industry participated in the workshop.

The workshop was organized by the International Trade Centre (ITC) a joint agency of the World Trade Organization (WTO) and United Nations (UN), through "Strengthening the Agriculture and Agri-food Value Chain and Improving trade policy in Iraq (SAAVI)" project.

Funded by the European Union (EU), the project is contributing to inclusive economic growth and job creation, particularly for youth, by improving Iraq's agriculture competitiveness and supporting trade development. It is also particularly focuses on providing support to Iraq in the process of acceding to the WTO.

Mr. Adel Almasoodi, Director General, Foreign Economic Relations Department, Ministry of Trade opened the workshop and reaffirmed Iraq's commitment to the accession to the WTO and assured the support of his team to the SAAVI project.

butterfly   H.E. Martin Huth, Ambassador of the European Union to Iraq and Ms. Irena Vojáčková-Sollorano, the United Nations Resident Coordinator to Iraq were also present.

Speaking on the occasion, H.E. Martin Huth, Ambassador of the European Union to Iraq said:

"The EU has a strong interest in Iraq acceding to the World Trade Organisation in order to bring Iraq into the illustrious WTO group of 164 states. WTO accession, and the economic reforms that it entails, represents a clear opportunity for Iraq to implement the goals of the White Paper.

"Being a full member of the WTO, will allow Iraq to improve its collaboration on trade and investment with all WTO members and ultimately support the creation of decent work for all Iraqis."

Ms. Irena Vojáčková-Sollorano, the United Nations Resident Coordinator to Iraq said:

"The drive for economic reform, including political commitments in resuming the WTO accession process with a clear roadmap, is a clear signal of a better future awaiting Iraq."

The workshop included sessions from experts from WTO, Food and Agriculture Organisation of the United Nations (FAO) and the International Trade Centre. In addition the trade policy technical team from the International Trade Centre, Geneva, including Mr. Jean-Sébastien, Senior Officer for Policy and Business and Ms. Devika Rajeev, Associate Programme Officer, were present in Baghdad to facilitate the workshop.

This workshop is the first in a line of capacity building sessions that will be organised through the SAAVI project to support Iraq to accede to the WTO.   (Source: UN)

butterfly   KRG starts 27 Projects over Past Year.......15th July 2021........The ninth cabinet of the Kurdistan Regional Government (KRG) started 27 multisectoral projects from March 2020 to June 2021, as it reaches the 2nd anniversary since its foundation.

The KRG invested $332 million on housing projects, developed a $250 million wheat marketing project, distributed $2.56 billion worth of business licenses, and completed the MED Steel factory in Erbil with a budget of $100 million.

Over 400,000 plants were distributed to farmers, and a $10 million food processing plant was constructed in Duhok as part of government efforts to promote local products.

The ninth cabinet commissioned a 100-bed hospital in Shiladze, and allocated $4 million USD to run three blood banks in the region. They further allocated $585,240 for an autism center in Erbil, $2.1 million as a bonus for health workers, and 1.6 billion dinars for cancer treatment hospitals.

The KRG launched the 150-meter road in Erbil, and relaunched the 100-meter highway project in Sulaimani after years of delay.

The 300 MW Khabat power plant and several new initiatives in Halabja were other projects of significance. (Source: KRG)

Zig   I like this from article above............."H.E. Martin Huth, Ambassador of the European Union to Iraq said:

"The EU has a strong interest in Iraq acceding to the World Trade Organization in order to bring Iraq into the illustrious WTO group of 164 states. WTO accession, and the economic reforms that it entails, represents a clear opportunity for Iraq to implement the goals of the White Paper.

"Being a full member of the WTO, will allow Iraq to improve its collaboration on trade and investment with all WTO members and ultimately support the creation of decent work for all Iraqis."

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Zig’s Place Chatroom News Late Tuesday PM 7-13-21

Zig’s Place Chatroom News Late Tuesday PM 7-13-21

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

butterfly   In addition to Chines and Russian IOCs Japanese companies increased their presence as well: Japex (Gharraf oilfield); INPEX (Exploration Block 10/Eridu oilfield) and Itochu bought entire Shell' PI (20%) in WQ1.

Against the consolidation of the Chines, Russian and Japanese companies, other IOCs lost or weakened their presence in upstream petroleum; these include Big Oil- as ExxonMobil, Shell and Oxy and medium-small size companies such as Petronas, Kogas, Kuwait Energy, TPAO.

Occidental Petroleum relinquished, in 2016, its PI in Zubair oilfield to South Oil Company (now Basra Oil Company), due to its decision pulling out from projects in the Middle East for financial reasons.

ExxonMobil demise began almost ten years ago soon after it had attained significant consolidation; a demise of its own making!! Apart from the contribution of the Iraqi factors ExxonMobil faced and facing many other challenges that exacerbate its decision to abandon Iraq.

These include restructuring its international profile; energy transition (away from fossil-based to renewable-energy) environmentally-conscious; shareholder revolts, expulsion of ExxonMobil representative from EITI'MSG due to position regarding Dobb-Franck issue and the forthcoming SEC environmental compliance rules.

Royal Shell story is not very different from that of ExxonMobil. Shell launched initially a powerful strategic positioning, resisted the temptation of engaging with KRG petroleum and diversified its portfolio in oil, gas and petrochemical projects.

Now it has much weakened role; withdrew from Majnoon oilfield, sold its PI in WQ1, rumors that it contemplate leaving Basra Gas Compan- BGC , whose HoA was signed in 2008 but it did not deliver the contracted target, and Nibras petrochemical project, with MIM & MoO, draggeed for too many years without any prospect.

butterfly   Again, Shell decision to leave WQ1 and Majnoon oilfields and possibly BGC was not entirely due to contractual and working conditions in Iraq; one possible explanation relates to Shell' overall plan to restructure its global business, following its takeover of British Gas Group- BGG. Also Shell faces legal action; A Dutch court ruled, recently, that Shell will have to reduce its carbon emissions by 45 percent from 2019 levels by 2030.

BP has only one engagement- Rumaila oilfield, with almost equal PI with CNPC (while during the June 2009 bidding round BP' PI was double that of CNPC). Recently, BP decided to spin off its involvement in Rumaila into a stand-alone company, a "ring fencing practice", for reasons relating to diverting its global assets and investment plans. Though this move is more structural and organizational in nature that has, contractually, no effect on Iraq, it, nevertheless, could indicate possible departure from Rumaila sooner or later.

Total, rebranded TotalEnergies, have very modest PI in only one oilfield- Halfaya, is trying a comeback to Iraq through concluding HoA comprising four major projects, three of which are part of SIIP that Iraq wasted too many years discussing with ExxonMobil!!

Surely, IOCs strategic positioning has significant implications for petroleum sector and the prospect of the entire economy. There has been a tendency for some to be highly selective by focusing only on one Iraqi based, real reason, such as harsh contractual terms; type of contracts; corruption, resource mismanagement and security conditions among others. While all these are real and effective, they are absolutely not the only factors behind IOCs shift and change of priorities as there is a complex wed that one should be aware of; 20 IOCs have recently warned for tax violation and IOCs that lost their strategic positioning inside Iraqi petroleum had themselves contributed to that outcome.

butterfly   Moreover, global energy/green transition and international geopolitics have powerful ramifications though the debate is, as usual, not conclusive. While IEA recent report could have effective impact, REN21 new report raises doubt; and such wide divergence suggests oil remains needed much longer than some thinks.

Click here to download the full report in pdf format. https://www.iraq-businessnews.com/wp-content/uploads/2021/07/IOCs-strategic-positioning-in-Iraq-upstream-petroleum.pdf

butterfly   Assignment of the large Al-Faw refinery and the construction of a petrochemical complex to a Chinese company

Tuesday 13 July 2021 21:23..........The Ministry of Oil announced the assignment of the large Al-Faw investment refinery and the construction of the strategic Al-Faw petrochemical complex to the Chinese state-owned CNCEC Company.

Oil Minister Ihsan Abdul-Jabbar said, according to a ministry statement: "This project is the largest investment project in the oil industry, and a quantum leap in the refining sector and petrochemical industries."

butterfly   Oil prices rise and gains

Tuesday 13 July 2021 22:40............Oil prices increased their gains, today, Tuesday, as Brent crude contracts rose more than one dollar to reach $76.28 a barrel.

This rise came after the International Energy Agency warned earlier today that "oil markets will witness a great shortage if the OPEC + impasse continues, and if production quotas remain at July levels."

And the agency indicated that "stalled talks between major oil producers about pumping more supplies may deteriorate, turning into a price war, at a time when vaccines against the Corona virus launch a rise in crude demand."

And the International Energy Agency pointed out that “the possibility of a battle for market share, even if remote, threatens markets, as well as the possibility of higher fuel prices threatening to fuel inflation and damage a fragile economic recovery.”

butterfly   Dana Gas Company resumes production of feed gas for power plants in the Kurdistan region

Tuesday 13 July 2021 23:48 .........The Ministry of Electricity in the Kurdistan Regional Government announced the treatment of the technical malfunction that occurred in the Dana Gas Company, which led to the suspension of all units of natural gas production that feed power plants in the region.

A statement by the ministry stated, "The technical malfunction that occurred in the Dana Gas Company has been fixed," noting that "with the arrival of natural gas to the generation stations, the electricity conditions have returned to normal."

butterfly   Al-Abadi: The ambassadors’ deal was produced by a “distasteful quota”

Tuesday 13 July 2021 23:04 .........The head of the / victory / Haider Al-Abadi coalition called on the parliament to stop voting on the ambassadors deal, which he described as "produced by abhorrent quotas."

Al-Abadi said in a tweet on Twitter: "I call on the House of Representatives to respect the feelings of citizens by declaring mourning for the victims of Dhi Qar and to stop voting on the ambassadors deal, which was produced by a despicable quota, with all due respect to the candidates for these sites."

And he added: "It is also necessary to observe the standards of professionalism in the candidates, and to stay away from the standards of partisanship and kinship. We do not provoke the feelings of citizens."

butterfly   A ministerial meeting to discuss the implementation of the Makhoul Dam and the protection of archaeological areas

Tuesday 13 July 2021 23:37......The Ministry of Culture, Tourism and Antiquities held today, Tuesday, a ministerial meeting to discuss the ongoing work to implement the Makhoul Dam and protect the archaeological areas in the vicinity of the dam reservoir.

The media office of the Ministry of Culture stated, in a statement, that "a joint ministerial meeting was held in the building of the Ministry of Culture, Tourism and Antiquities, which included the Ministers of Water Resources, Mahdi Rashid Al-Hamdani, and Culture Hassan Nazim, the Undersecretary of Education for Scientific Affairs, and the Secretary-General of the Iraqi National Committee for Education, Culture and Science."

The statement added, "The meeting was devoted to discussing the ongoing work to implement the Makhoul Dam and to come up with a unified vision on protecting the archaeological areas in the vicinity of the dam reservoir."

butterfly   The Minister of Water Resources said, during the meeting, according to the statement, that "the ministry has developed detailed designs to protect the ancient Ashur Citadel and considered it among the priorities of its work and made financial allocations within the cost of the project."

He added, "The protection measures include the construction of a dam to protect and preserve the castle from erosion and make it a tourist place frequented by visitors, as well as allocating sufficient funds to carry out an intensive campaign for excavations in the reservoir basin."

He stressed "the importance of constructing dams and reservoirs to achieve water and food security, preserve the environment of the marshes, and benefit from storage in times of scarcity to secure the need for water for all uses."

For his part, the Minister of Culture affirmed, "Working in the spirit of one team is to serve the interest of the people of Iraq, with sufficient food and national security and the preservation of its heritage."

Sandyf   @Zig "Iraq seeks to join the World Trade Organization - Iraq has been trying to join the WTO since 2004. One of biggest obstacles is the differences between Iraq and the Kurds over border policies. The WTO sees Iraq as a single entity not two, until there is a unified policy in Iraq, I wouldn't hold my breath on them getting membership anytime soon.

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Zig’s Place Chatroom News Tuesday Afternoon 7-13-21

Zig’s Place Chatroom News Tuesday Afternoon 7-13-21

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

Butterfly   Al-Khalidi calls for a reassessment of the political process

Tuesday 13 July 2021 | 08:34 AM   Al-Khalidi calls for a reassessment of the political processThe Parliamentary Strategic Planning and Government Monitoring Committee called on the government and parliament to re-evaluate the political and democratic process in the country .

The head of the committee, Hazem Al-Khalidi, told Al-Sabah newspaper, which was followed by “Eye of Iraq News”: “After the change and the fall of the previous regime, there were achievements, but they are not at the required level, and on the democratic side, there was one achievement, perhaps essential, which is holding elections, which are a small part of the democratic process. ”

He added that “there is a failure in the aspect of freedom of opinion, and there are violations of the basic articles of the constitution, and the government must abide by them, and the political forces must re-evaluate themselves again, in addition to the government’s performance .”

He pointed out that “the legislative authority represented in the House of Representatives must re-evaluate the laws and the performance of the House, because what we believe has not been accomplished so far in a satisfactory way for the political and democratic process .”

Al-Khalidi pointed out that “one of the reasons that hindered the democratic process is the political differences because there are some political figures who believe that Iraq should be governed as it was ruled in previous periods before 2003,” noting that “the basics of democratic transformation are freedom of opinion and that there should be no control over money and weapons.”

How can we believe that there is a democratic transformation in the presence of the exploitation of money, weapons and political positions?    aynaliraqnews.com

butterfly   The stability of the dollar price with the closure of the stock market in Baghdad markets

2021-07-13 08:21   The stability of the dollar price with the closure of the stock market in Baghdad marketsShafaq News/ The exchange rate of the dollar stabilized against the Iraqi dinar, on Tuesday, with the closure of the main stock exchange in Baghdad.

Shafak News Agency reporter said; The Al-Kifah and Al-Harithiya Central Stock Exchange closed in Baghdad at 147,800 Iraqi dinars for 100 US dollars.

They are the same prices as this morning.

Our correspondent indicated that the buying and selling prices have stabilized in banking shops in the local markets in Baghdad, where the selling price amounted to 148,250 Iraqi dinars, while the purchase prices amounted to 147,250 dinars per 100 US dollars.  shafaq.com

butterfly  Iraq .. one billion barrels of oil annually and a “complete lack” of energy

7-13-2021  Iraq .. one billion barrels of oil annually and a complete lack of energyIraq suffers from a major shortage of energy, despite the huge oil production and the flow of dozens of international rivers to its territory, and in light of government investments in the field of electric power production, which international institutions have estimated at nearly one hundred billion dollars since 2005, in addition to the country’s enjoyment of a warm climate suitable for power generation. solar.

Iraqi government figures in the field of electric power say that the country’s need for this energy ranges from 20 thousand megawatts / hour in the mild seasons, to approximately 25 thousand megawatts / hour in the summer and winter seasons.

Iraq produces only 19,000 megawatts per hour, while the rest is imported, but the issue is not only related to production, but goes beyond it to the nature of the networks, as the Iraqi system is barely able to transfer half of this amount to citizens, because the rest is destroyed for various reasons.

Among these reasons, irregular withdrawals, poor performance and quality and lack of periodic maintenance, knowing that the level of badness in the Iraqi electricity network is 7 times the international standards, which define the bad network at only 8 percent.   The breakdown of the energy system

butterfly  The Iraqi expert in the field of electrical energy, former professor at the College of Science and Technology, Samih al-Yasiri, explained in an interview with the “Sky News Arabia” website, the main role of the absence of a government strategy in bringing Iraq to this level of “energy desertification”, as he called it.

He said: “Electric energy is the indicator of public failure, even for its production, Iraq imports 28 million cubic feet of gas on a daily basis from Iran, which accumulates billions of dollars in debts to the public treasury annually, even though Iraq is one of the most natural gas producing countries in the world.”

He continued, “That is, in addition to the failure in the production of electricity, there is a greater failure in the production of natural gas itself, as its production system in the seventies was better than now.”

Al-Yasiri added: “The researchers also note that the various successive governments since 2003 have not researched or planned to produce any kind of clean energy. During these years, no river dam was ever built, and the 17 dams that were built in previous eras have almost become out of productive service, due to neglect and insufficient funds allocated for annual maintenance.

And he added, “Of course, there is not even a thought in the field of solar energy production, in a country where the sun almost never leaves, nor does wind energy come from the mountains of the Kurdistan region.”

accusations against Iran

butterfly  During the demonstrations that engulfed many Iraqi cities due to the acute shortage of energy services, the Iraqi demonstrators directed direct accusations at Iran, expressing their full belief that its Iraqi militias are destroying transmission towers, electricity production centers, as well as water distribution points, to create complete Iraqi dependence on Iran in the field of energy, thus turning Iraq into a political client of Iran

Iran had cut off all the regional rivers and rivers flowing from its lands to Iraq, which were feeding the most important lakes and dams of Iraq, such as Darbandikhan, Dukan and Hamrin.

Iran also supplies Iraq with more than 4,000 megawatt hours of electricity, at monopolistic prices, and supplies its electrical system with the necessary natural gas, which is worth nearly four billion dollars annually.

Iraqi activist and researcher Shamiran al-Jubouri explained to “Sky News Arabia” the political dimension of this Iraqi failure in the field of energy production and distribution.

She said: “A large number of the central Iraqi political forces loyal to Iran, want to maintain Iraq as a permanent customer and eager for Iranian energy, to claim that their ties with Iran are not only ideological and loyal, but also in the interest of Iraq.”

She added: “But the issue of energy proves the extent to which the ruling Iraqi elites have drowned their personal interests within the corruption system. Iraq’s loss of all these different types of energy, from water, electricity, oil materials and solar energy, clearly indicates that none of the rulers of Iraq after 2003 did not think about the future. Iraq in the long run.

butterfly   During the past two years, the three Iraqi governments that ruled the country sought to conclude agreements with the German company Siemens and the American General Electric, to produce, restructure and develop the Iraqi electric power infrastructure, to be able to meet the country’s needs during the next ten years.

However, observers of the Iraqi scene doubted the ability of the two companies to implement their foreseeable projects, exactly for reasons similar to what international oil and service companies encounter in Iraq.

The general administrative system in the country is not cooperating with these companies, and the militias and political forces will see in the actions of these companies what contradicts their interests.

Finally, because Iraq “loses the technical elite capable of cooperating and accumulating the effort that these two companies can undertake.”   rawabetcenter.com

Dave   ....sadly i also hear Iraq could power their entire power grid with all the natural gas they simply just flare off

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Zig’s Place Chatroom News Tuesday AM 7-13-21

Zig’s Place Chatroom News Tuesday AM 7-13-21

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

Butterfly   International Energy Agency: Stalled talks in OPEC + may lead to a price war حرب

Tuesday 13 July 2021 11:51......The International Energy Agency said today, Tuesday, that the stalled talks between major oil producers on pumping more supplies may deteriorate into a price war.

The agency added, according to the Iraqi Political Economic Center, that the possibility of a battle over the market share threatens the markets, even if it is a remote possibility, noting that the possibility of rising fuel prices threatens to fuel inflation and damage a fragile economic recovery.

butterfly  2021-07-13 01:08  Shafaq News/ Oil prices climbed on Tuesday, reversing some of the previous day's losses, as tight supply and expectations of a further draw in U.S. crude inventories provided support, although fears over the spreading COVID-19 variant capped gains.

Brent crude for September rose 19 cents, or 0.3%, to $75.35 a barrel by 0421 GMT, after losing 0.5% on Monday. U.S. West Texas Intermediate crude for August was at $74.34 a barrel, up 24 cents, or 0.3%, having fallen 0.6% the previous day.

"Optimism about tight supply and declining U.S. crude stockpiles lent support," said Toshitaka Tazawa, an analyst at commodities broker Fujitomi Co.

"Still, growing concerns over a spike in COVID-19 infection cases worldwide and uncertainty over production plans by OPEC+ will likely limit gains," he added.

U.S. crude inventories were expected to fall for an eighth consecutive week, while gasoline stocks also declined, a preliminary Reuters poll showed on Monday.

Crude stockpiles have declined steadily for several weeks, with U.S. inventories falling to the lowest since February 2020 in the week to July 2.

China's crude imports in June edged up slightly from May, though they were down sharply from a year earlier when refiners snapped up cheap oil to supply a market recovering from the coronavirus.

Investors shrugged off the Energy Information Administration's (EIA) monthly drilling productivity report which said crude output from seven major shale formations is expected to rise by 42,000 bpd in August, to 7.907 million bpd, compared with a 28,000 bpd rise in July.

Asian shares climbed in early trade on Tuesday after Wall Street hit record highs overnight, as investors awaited the second-quarter earnings season and a batch of economic data.

butterfly  Still, reports from around the globe of surging infections kept some investors cautious.

The World Health Organization warned the Delta variant was becoming dominant and many countries had yet to receive enough doses of vaccine to secure their health workers.

Meanwhile, OPEC+ is yet to make progress closing divisions between Saudi Arabia and the United Arab Emirates that last week prevented a deal to raise oil output, making another policy meeting this week less likely, OPEC+ sources said.

Russian President Vladimir Putin and his U.S. counterpart Joe Biden did not discuss OPEC+ or global oil prices during an hour-long phone call on Friday, the Kremlin said on Monday.   Source: Reuters

butterfly   2021-07-13 06:20  Shafaq News/ Security forces thwarted an attempt to blow up a power transmission tower in the Iraqi capital, Baghdad.

In a statement issued today, Tuesday, the Commander of the Baghdad Operations, lt. Gen. Ahmed Salim, said that a security force of Baghdad Operations Command, in coordination with the Intelligence and Counter-Terrorism services, seized eight explosive devices set to detonate a power transmission tower in Northeast Baghdad.  

The Explosive Ordnance Disposal squads managed to defuse the bombs without complications, the statement said.   Earlier today, the Security Media Cell reported foiling an attack on a main power line between Baghdad and Diyala.

Last month, a widespread power outage hit Iraq as temperatures reached scorching levels, affecting millions of Iraqis, including those in affluent areas in the capital of Baghdad, and stirring concerns of widespread unrest.

Iraq's grid was generating just over 4,000 megawatts, according to Ministry of Electricity data on Friday morning — significantly less than the 12,000-17,000 megawatts the grid generates on average. By midday, production had climbed to 8,000 MW.

The cuts have impacted Baghdad and the southern governorates in particular.

In the oil-rich southern city of Basra, which in the past has seen violent protests over chronic electricity cuts and poor public services, a group of protesters burned tires to block roads during a demonstration demanding the return of electricity.

The Electricity Ministry said power transmission lines have been routinely sabotaged by unknown groups in northern Iraq in recent weeks. One 400 kilovolt line from Kirkuk to Qayara was targeted Thursday, the ministry said in a statement.

butterfly   Another 132 kV line was hit in Salahhadin on the same day.

Local TV channels initially reported that the outage on Friday was due to the cutting of a major 400 kV line between Baghdad and the southern Governorate of Babel. The ministry has not confirmed the incident.

Total shutdowns can also occur when Iraq's electricity network is working at maximum capacity. Defects in the transmission network and distribution capacity also contribute to outages. High temperatures can also impact the distribution lines.

Iraqi Prime Minister Mustafa al-Kadhimi formed a crisis cell to take immediate measures to address shortages, according to a statement from his office.

Temperatures in Baghdad and other governorates have been soaring above 48 degrees Celcius in recent days. The government declared an official holiday in Baghdad on Thursday due to the scorching heatwave.

Sheila  we all shall see what the day holds for me and thee... hoping & praying

butterfly  sheila what are you hoping for?

Sheila  butterfly RV and Freedom to Spend Smart, Spend Slow... LOL

Dave   sheila No Fun in that.......

sheila   Dave Spend Smart + Spend Slow = Deep Impact

butterfly   sheila Sorry had to step away. Well I've been wanting that over a decade now. Lots of people to help and can't wait (hope I'm still alive) until I can extend my hand/s to those in need.

Sheila   butterfly ditto, amen

Dave   ive been far to frugal for too long......

butterfly   Every year I crochet lots and lots of 100% cotton wash cloths and give out. This year I decided to do it early......Christmas in July.....instead of my usual giving them out in December.

Sheila   Dave Nothing I stated about Spend Smart, Spend Slow is about being frugal... I will take Quality over Luxury and Function over Fancy any day. Regardless, good Quality and proper Functionality costs money. lol

Dave   Spoiled my kids...time to spoil me....

butterfly   If you sew at all, here is a suggestion, which makes everyone you give them.....A very BIG thank you. I go to the thrift shops/garage sales/cheap shops and buy a lot of mens shirts. I cut the sleeves off, make a hanger out of shirt, sew up and bam you have a plastic bag holder. I had to laugh when I handed them with the expression on their faces. Little gifts with little smiles.....makes my day.

Sheila   @Dave For example, I want one of those Step In Tubs over one of those European Soaking Tubs. Really good Step in Tubs costs upwards 5K to 10K. Then there is the Installation and the water it takes to fill them. See what I mean?

Sheila  butterfly Wonderful Idea - Would love to see a pic of one of those bag shirts.

Sheila   @butterfly Can that craft be found on Youtube?

Dave   sheila 0-60mph in 3 secs works for me

butterfly  I have made a ton of jean rugs and my grandsons have claimed all of them. sheila for some reason I can't upload any of the pictures from my phone. I tried and it would only allow me upload all of them......ain't gonna happen because I don't want all of that on my old worn out laptop.

Dave   Gosh...Women......no fun in being pragmatic/sensible

Sheila   Dave so true... You feel the need for speed. lol lol

Sheila   butterfly no worries. will find it somewhere on the www

butterfly   Dave how do you think mothers raised their children back in the days. Now that is a different story....spoil spoil spoil.

Sheila   Dave Did not say so those words. Spend Smart, Spend Slow, Deep Impact.

Dave  My wife keeps reeling me in.....

Sheila  Nick's Update, July 13, 2021 - Truthful facts about our documents -- https://nicksintel.wordpress.com/2021/07/13/07-13-2021-truthful-facts-about-out-documents/

Dave   I would be in dodo if she knew about my Dinar

Sheila   Dave good man. will be wonderful surprise for her when this goes.

Dave  sheila been waiting to surprise her fer over adecade

Sheila   Dave Hold on, It's coming...

Sheila   DISCERNMENT ADVISED: Something to check out when you are so inclined: https://www.seedsofwisdomteam.com/video-channel  -- More specifically the TxSnake/Rolls Royce/video -- https://drive.google.com/drive/folders/1K8LhjMN4LqKa5cC75XcBNC2RKAOjp093

Sheila   NOTE: I AM NOT FINANCIAL OR LEGAL ADVISER. Links are provided for information only. You are the only one entirely responsible for your Financial and Legal Matters.

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Zig’s Place Chatroom News Late Monday PM 7-12-21

Zig’s Place Chatroom News Late Monday PM 7-12-21

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

Sheila   DISCERNMENT ADVISED: -- 07/12/2021 Difference Between A “Liquid” and “Spendable” Bank Account

What’s the difference between a “liquid” bank account and a “spendable” bank account?

These terms are meaningless for purposes of typical banking. You either have a “pending” or a “hold” on your deposit, or it’s spendable. In this case, there’s one answer that makes sense. With every “Bank Facilitated, Private Buy/Sell”, which is the proper way to describe SKRs, and all platforms such as CMKX, Farm Claims, etc.; the difference between “liquid” and “Spendable” are actually defined in the Global Treaty Agreement (and Addendum(s)), the banks are following. Compliance requires this. Definitions define these terms and all of the actions that are followed to the letter.

Isn’t there a definite length of time that the bank can hold “liquid” funds on an active account, without releasing the money? It’s typically 72 hours. In a Private, Bank Facilitated Buy/Sell case however, it’s outside of the standard requirement since it’s “PRIVATE”.

How long can this continue? Simple answer, as long as the terms are followed and as long as it takes, until the Agreement is in “Default” or signed off as, “Complete According to Terms of the Agreement.” As we’ve seen, this has taken a World Court and Federal Courts, to mandate. Both have had their say and made rulings. The banks are pretty much doing what they have to all while earning their fees. No problemo. The courts are doing what they can.

It’s a push using all Lawful Means, with all “i’s dotted and t’s crossed”, and no errors or mistakes can be made. The penalty for failure is just too steep and the cost too dear.

https://nicksintel.wordpress.com/2021/07/12/07-12-2021-difference-between-a-liquid-and-spendable-bank-account/    

Sheila   DISCERNMENT ADVISED: Nicks Update, July 12, 2021 -- -- Our military intel contact said his info fits Mr Fleming’s sources, MarkZ’s and Holly’s sources and he confirmed Reno starting releasing funds for other bonds beyond the German bonds (Yellow Dragon bonds, & Super Petchilis) at 9 am PST today Mon 12 July for the sequence of financial transactions that comprises the shotgun start that will reach 4B later this week.

https://nicksintel.wordpress.com/2021/07/12/07-12-2021-update/    

Zig   "Iraq seeks to join the World Trade Organization

Monday, July 12, 2021 – 3:28 PM"..........................That would be big...

butterfly   Zig very very big!

butterfly  sheila please don't take this wrong, but we heard the same thing when Seck has his website way back then. Also, a group you would be added into and "someone" would call you to let you know!. Can't remember the guy name, since it has been so long ago, had all the names and he would not give up that list.

He was threatened, etc. and then he soon vanished. Another, I think his name was trader and he knew this guy, etc etc. Come onto the chat rooms and soon stopped because nothing was true.

Zig  butterfly : I remember him....name was "Trade"....was in the other chat for a long time then vanished....got into many arguments.....    Another was "Wiley" I think....said they had "Inside" information....lol

butterfly   Zig I even talked to him on the phone and remember him yelling to me that Trump was going to make it happen for all of us. I ask for proof and he told me that trump had millions upon millions of the dinar and it was going to be up to him, only him, to make the revalue happen.

I could not reason with him so I made an excuse and said I had to hang up. Lordy the looney ones out there is mind blowing to me. Oh and he knew the guy that had all the information and he would not give me that person's name either.

butterfly  Oh my god Zig I think that was his "username".

butterfly   and he didn't live very far from Trade.

butterfly   BUT he wouldn't even give Trade the name/s on the list...

Sheila   butterfly Nothing wrong to take. I post Nick's Updates because the DoD is his source contact. Face value, Trust until otherwise.

butterfly  sheila Glad to hear that. We had a guy that was over in Iraq and I can't remember which department he worked for/military and he heard nothing......again that was way back then. AND the DoD does not give out any kind of information.

butterfly   Again I am not here to take away anyone's hopes and dreams. I am a realist, give me the facts AND I might believe you, but I need proof. That is just me. Been in this clown race for a very long time, heard the same BS year after year with NO proof.

Sheila   butterfly The Art of War by Sun Tzu - misdirection and misinformation. Where do you get that the DoD does not give out any kind of information. Department of Defense... includes Intelligence warfare. Read this book "Confessions of an Economic Hitman" by John Perkins

Butterfly   A lot of articles about the fire .......................

Al-Kazemi chairs an emergency meeting regarding the fire incident at Al-Hussein Hospital in Nasiriyah and takes a number of decisions

Tuesday 13 July 2021 01:25 ...........The Prime Minister and Commander in Chief of the Armed Forces Mustafa Al-Kazemi held an emergency meeting that included a number of ministers, officials and security leaders; In order to find out the causes of the fire incident at Imam Al-Hussein Hospital (peace be upon him) in Dhi Qar Governorate, and address its repercussions.

butterfly   Civil Defense confirms the continuation of search operations for survivors and victims under the rubble of the hospital fire

Tuesday 13 July 2021 01:25.........The Director of Civil Defense, Major General Kazem Bohan, revealed some details of the tragic fire of Al-Hussein Teaching Hospital in the city of Nasiriyah in Dhi Qar Governorate, stressing the continuation of searches for survivors and victims under the rubble of the fire.

Bohan said, in a televised statement this morning, Tuesday, that "the hospital in Nasiriyah is a caravan complex with a total area of​​600 square meters, all of which are built of flammable sandwich panels, despite the issuance of instructions to prevent its use and import, but the concerned authorities seem to have no alternatives to this." The materials, although we have confirmed official comments about the danger of their use, and it is not justified at all.”

He added, "The fire was completely and finally extinguished, and we reinforced it with additional firefighting teams from Al-Muthanna Governorate," noting that "the accident left many rubble, and search operations are continuing for victims or survivors."

butterfly  Dhi Qar: Initial toll of 58 bodies, dozens are still under the rubble

Tuesday 13 July 2021 01:29.............Local circles in Dhi Qar circulated an initial toll of the victims of the fire of the Imam Hussein Teaching Hospital in the city of Nasiriyah, which has so far included 58 bodies, including 7 of the medical staff, along with dozens of others who are still under the rubble so far.

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Zig’s Place Chatroom News Monday Afternoon 7-12-21

Zig’s Place Chatroom News Monday Afternoon 7-12-21

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

Dave  butterfly Confidence in the Iraqi dinar is eroding… and the prospect of removing zeros

Dave   With the rise in oil prices globally, the Iraqi government has been thinking about long-term financial strategies that may protect the country from falling into a financial crisis that may be more influential. One of these strategies was put forward by the economic advisor to the Prime Minister, Mazhar Muhammad Salih, and is represented in deleting 3 zeros from the Iraqi currency, Without specifying a date for the implementation of this step.

In every economic equation, the ratio of profit and loss is calculated, which is indicated by the economist Hammam Al-Shamma that this ratio will not be equally present in the equation, warning of psychological disturbances in the Iraqi market in the event of deleting zeros.

In contrast to the losing party, Al-Shammaa believes that the government may derive limited benefits from deleting zeros, which is that the government and the central bank will face fewer problems in the accounting system and final accounts with limited zeros and small accounting numbers.

On Sunday, June 20, 2021, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, set two conditions for deleting 3 zeros from the currency, while stressing that the option to delete is proposed as part of the strategies for reforming the currency and cash payments system in Iraq.

Saleh told the Obelisk, “The Central Bank of Iraq developed a project to delete three zeros from the Iraqi currency in order to reform the cash payments system, which has become burdened with the insomnia of the economic blockade imposed in the nineties of the last century, and put it into research and study long ago,

after looking at about 54 An international experience from the end of the Second World War until the second decade of the twenty-first century, which took place in various countries of the world, in which the monetary payment systems were reformed and made to work more efficiently, the last of which was the Islamic Republic of Iran and before that, Turkey.

Dave  He added that “the phenomenon of increasing zeros in the monetary unit or adding zeros to a single monetary unit usually comes due to the exposure of economies to unruly waves of inflation or continuous sharp rises for years in the price level due to wars, sieges and conflicts, which lead to financing the deficit of government budgets through cash issuance.” .

And because the price means the value of goods and services expressed in cash, the continuous rise in prices without stopping leads to the erosion of the value of the monetary unit, which requires the issuance of larger monetary categories due to the lack of value of the smaller monetary groups and the disappearance of their ability to cover transactions and exchanges of high monetary value in the market.

He continued, “Accordingly, the monetary value of things or tangible assets and others inflates, and when inflation ends, according to which prices have increased to three decimal places, or more or less, according to the nature of each economy, countries resort to reducing the artificial reproduction in numbers, especially in the numbers of accounts books, budgets and various numbers of tools Accountability, after two conditions are met.

He continued, “The first condition is price stability and global economic growth, and the second is appropriate stability in political life, so the importance of deleting zeros from the currency and slimming currency units as a necessary condition for reducing accounting numbers and facilitating arithmetic handling and the cost of managing new large numbers and the absence of small numbers and fractions, as it is noted that slimming currencies Cash comes because of its role in the sustainability of calculating huge numbers of financial values ​​that are not absorbed by ordinary computers due to the large number of decimal places and the emergence of many accounting errors, especially dealing in trillions, which means that one number in front of it has 12 decimal places.

Dave   He concluded by saying, “The project to delete zeros in Iraq is still technically prepared by the Central Bank of Iraq, which is the official sectoral authority and the monetary authority concerned with this matter and in cooperation with all three state agencies and authorities, but the project is postponed at the present time until the appropriate conditions are achieved and remains part of the currency system reform strategies. and cash payments in Iraq.   Obelisk   LINK

Dave   i suppose they have not forgotten about deleting 3 zeros........!

butterfly  Iraqi Dinar/US Dollar auction results for tomorrow 7-13-2021 executed today 7-12-2021

United States DollarThe results of the foreign currency sale window for Tuesday 7/13/2021 and implemented today   Announcement No. (4449)   Sale date – Tuesday 7/13/2021 and executed today  the details  the amount

Total sale for the purposes of strengthening balances abroad (remittances, credits)  145,935,972

Total cash sale  77,910,000   Total total sales  223,845,97297

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/1065

butterfly   Iraq seeks to join the World Trade Organization

Monday, July 12, 2021 – 3:28 PM  Iraq seeks to join the World Trade OrganizationBaghdad, 12th July, WAM/The Permanent Representative of Iraq to the United Nations discussed overcoming obstacles to his country’s accession to the World Trade Organization.

A spokesman for the Iraqi Ministry of Foreign Affairs, Ahmed Al-Sahhaf, said in a statement that the Permanent Representative of the Republic of Iraq to the United Nations Office in Geneva, Abdul Karim Hashim Mustafa, met the Deputy Director-General of the World Trade Organization, Chinese Ambassador Zhang Xiangchen, and discussed ways to activate the file of Iraq’s accession to the organization.

The meeting stressed the importance of continuing work on completing technical documents to complete the requirements for accession, and to overcome obstacles and challenges facing the accession process.  wam.ae

butterfly  ANOTHER ARTICLE/OPINION....................... Question and answer.. What are the pros and cons of deleting zeros from the Iraqi currency? And what are the conditions for that?

12/7/2021  Question and answer.. What are the pros and cons of deleting zeros from the Iraqi currency And what are the conditions for thatExperts have warned that deleting 3 zeros from the Iraqi currency may cause psychological disturbances in the Iraqi market.

Mosul – Iraq is witnessing a severe financial crisis that began with the outbreak of the Corona virus last year and the decline in global demand for oil, which represents nearly 91% of Iraq’s financial imports.

With the continuation of the financial crisis and the failure to pay the salaries of employees last year, the Iraqi government resorted to what was called the Iraqi government reform paper (the white paper), which included the devaluation of the Iraqi dinar against the US dollar, and the decision entered into force at the beginning of this year.

Deleting zeros or printing a new category?.. Iraqi government options to save the dinar from collapse من

Iraq .. Why did the Central Bank reduce the value of the dinar?

The devaluation of the dinar shocks the Iraqi street..    and these are its repercussions

With the rise in oil prices globally, the Iraqi government has been thinking about long-term financial strategies that may protect the country from the risks of falling into a financial crisis that may be more influential. , without specifying a date for the implementation of this step.

Saleh believes that deleting zeros from the currency is a necessary condition to reduce accounting numbers and facilitate arithmetic (Al-Jazeera)

What are the conditions for deleting zeros?

butterfly   Deleting zeros from the Iraqi currency requires the fulfillment of two conditions, according to Saleh. The first is price stability within the country, which means the stability of the dollar exchange rate against the Iraqi dinar, which is still witnessing relative volatility after the Iraqi government decided to raise the value of the dollar at the beginning of this year.

As for the second condition, Salj adds in his speech to Al Jazeera Net that it is represented by stability in political life inside Iraq, which is what is required to change the exchange rate from laws and political consensus and so on.

why deleting?

In his interpretation of the reasons for deleting 3 zeros from the Iraqi currency (a dollar is equivalent to 1450 Iraqi dinars), Saleh comments, “The importance of deleting zeros from the currency and slimming its units as a necessary condition to reduce accounting numbers and facilitate arithmetic and the cost of managing new large numbers and the absence of small numbers and fractions.”

He continues that the slimming of coins comes because of their role in sustaining the calculation of huge numbers of financial values​​that are not absorbed by ordinary computers due to the large number of decimal places and the emergence of many accounting errors, especially when dealing with trillions, which means that one number in front of it has 12 decimal places.

Regarding the importance of the deletion process and the extent of its realism, Saleh indicated that the Central Bank of Iraq put a project to delete 3 zeros from the Iraqi currency the subject of research and study a long time ago, after reviewing 54 international experiences since the end of World War II until now, the last of which was in Iran and before it. Turkey.

Rashid believes that the current economic situation in Iraq is not ready to delete zeros from the local currency (Al-Jazeera)

butterfly   What effects?

For his part, a member of the Iraqi Parliament’s Finance Committee, Ahmed Hama Rashid, confirmed that the current economic situation in Iraq is not ready to delete zeros from the local currency.

Hama Rashid continued in his speech to Al Jazeera Net that this process means withdrawing the current currency denominations and printing new ones, which requires huge funds to print them with technical specifications necessary to protect the currency from counterfeiting, in addition to the fact that replacing the currency will destabilize the monetary system, which may cause successive collapses, enslaving that The Central Bank of Iraq takes such a step.

A member of the Finance Committee, Jamal Cougar, agrees with this proposition by confirming that this step is excluded in the next two years at the very least for several considerations, as he believes that deleting zeros is an unworkable step, especially that changing the currency exchange rate led to a shock to the Iraqi street, and therefore Iraqis are not Prepare for another shock.

In an exclusive interview with Al-Jazeera Net, Cougar points out that the Iraqi economy does not have its own decision, and that many countries benefit from the current Iraqi currency in buying and selling transactions and others.

Cougar: The lower the number of currency numbers, the greater its strength among currencies in the economic perspective (Al-Jazeera)

butterfly  What are the benefits?

As for the benefits, Cougar believes that the smaller the number of currency numbers, the greater its strength among currencies in the economic perspective. However, this requires strengthening the local economy inside the country and diversifying the sources of the Iraqi budget, which requires strengthening industry and agriculture as a preliminary condition for this step.

And about the extent of the benefit deriving from this change in restoring the Iraqi cash block hoarded by the Iraqis or smuggled abroad, he explained that the international deal in the Iraqi currency is not related to the number of zeros as much as it relates to the strength of investments inside the country and the size of the Iraqi product exported abroad.

Cougar gives an example of this, that Turkey, which deleted zeros from its currency years ago, has embarked on building a diverse and large economy and investments, and this is different from the Iraqi situation, whose currency is not found on the global currency exchanges so far.

On the other hand, Abdul Rahman al-Mashhadani, a professor of economics at the Iraqi University, believes that deleting zeros will save the state the costs of transferring the Iraqi currency between the central bank and government and private banks.

butterfly   Al-Mashhadani continues in his speech to Al-Jazeera Net that deleting zeros may lead to a decline in Iraqis’ demand for the dollar for the sake of hoarding, as the Iraqis currently keep the dollar for ease of preservation, while preserving the same value in the Iraqi currency requires greater storage capacity, pointing out that this is conditional on printing cash denominations.

A new denomination with a value higher than what is currently in existence, such as printing a denomination of 200 dinars (equivalent to 200 thousand dinars in the current currency), which requires 4 banknotes of a denomination of 50 thousand.

Al-Shamaa believes that deleting zeros from the currency will not do anything for the Iraqi economy (Al-Jazeera)

Who is the loser?

In every economic equation, the ratio of profit and loss is calculated, which is what the economist Hammam Al-Shamma points out that this ratio will not be equally present in the equation, warning of psychological disturbances in the Iraqi market if zeros are deleted.

Al-Shamma comments to Al-Jazeera Net, “Deleting zeros from the currency will not provide anything for the Iraqi economy, but rather it will cost the Iraqi state huge sums of money to print a new currency without this having a clear impact on the local economy.”

butterfly  Al-Shammaa points out that the competitiveness of Iraqi goods against the imported ones will not witness a positive change inside the country, especially since international transactions are mostly made in US dollars.

This is confirmed by Abdul Rahman Al-Mashhadani, professor of economics at the Iraqi University, and adds that competition with imported goods depends on the local product and its strength, pointing out that Iraq does not have industries that can compete with imported goods and overcome them in terms of quality, price, and state protection for them, according to him.

Returning to Ahmed Hama Rashid, where he believes that deleting zeros from the currency will not be in the interest of the government currently, inferring that Iraq has 80 trillion Iraqi dinars from multiple monetary categories, and that printing 5 trillion dinars from the category (50 thousand) cost the Iraqi government 60 million dollars At that time, the cost of the rest of the denominations will be much greater, given that printing each denomination costs approximately (6 US cents) on average, according to him.

who is the winner?

In contrast to the losing party, Al-Shammaa believes that the government may derive limited benefits from deleting zeros, which is that the government and the central bank will face fewer problems in the accounting system and final accounts with limited zeros and small accounting numbers.

The last proposition is consistent with what was revealed by the economic advisor to the Prime Minister that the hyperinflation that hit the Iraqi economy in the nineties of the last century added 3 numbers to the Iraqi monetary unit, while the small categories disappeared from circulation completely, as the category (250 dinars) became smaller. A monetary unit in daily circulation inside the country, which raised the cost of micro-transactions, as well as the inflation caused by the appearance of the huge numbers circulating in the accounting system inside the country.

butterfly   whew that is one long article.

butterfly   The “Iraqi resistance” declares an “open war” against the Americans: there is no new truce

2021-07-12 03:54   The Iraqi resistance declares an open war against the Americans - there is no new truceShafaq News/ The “Asa’ib Ahl al-Haq” movement confirmed on Monday the refusal of the “Iraqi resistance factions” to grant a new truce with the US forces, noting the start of an “open war with specific operations.”

A member of the movement’s political bureau, Saad Al-Saadi, told Shafaq News, “The resistance factions announced the end of the truce, and they have started qualitative operations against American interests in Iraq.”

Al-Saadi added that “there is no truce with the occupation,” stressing that “the resistance will continue in an open war to confront the American occupation until the exit.”

He pointed out that “some political blocs revolve in the American orbit and their interests are linked to the existence of the occupation,” adding that “these prefer the private interest over the public interest of the country.”

He also added that “the national situation rejects the presence of the occupation in Iraq,” stressing the necessity of “implementing the Iraqi parliament’s decision, the reference and the popular will to expel foreign forces from the country.”

An informed source told Shafaq News Agency, on February 25, 2021, that the leaders of seven Shiite factions decided, during a meeting, to end the armistice with the US forces in Iraq.

On October 10, 2020, a group calling itself the “Iraqi Resistance” announced that it had halted its operations against foreign forces and interests, especially the US, in Iraq, to ​​allow them to withdraw from the country.

The “Iraqi Resistance” is an unknown party, and it is believed that it includes armed Shiite factions close to Iran, including the Iraqi Hezbollah Brigades, Asa’ib Ahl al-Haq and Harakat al-Nujaba.   shafaq.com

butterfly   Another rise in the dollar exchange rate in local markets

Monday 12 July 2021 | 10:39 am   USD-Iraqi dinarThe exchange rates of the dollar against the Iraqi dinar on a daily basis, according to the variables of the currency exchange market in the capital, Baghdad, and the provinces of the country .

The selling price of the dollar is 148,000 dinars per $100, while it was yesterday (147,700 per $100 ).

The purchase price of the dollar is 147,900 dinars per $100, while it was yesterday (147,600 per $100 ).

It is noteworthy that the dollar exchange rates yesterday rose by 400 dinars compared to yesterday, Saturday.

aynaliraqnews.com

butterfly   The signed agreement aims to strengthen the bonds of friendship and understanding between the industrial sector in both countries, develop cooperation in the industrial and commercial fields, and establish partnerships.

Supporting cooperation between the two countries in the field of supervising trade missions, receiving businessmen and industrialists, and encouraging industrialists in both countries to participate in temporary and permanent trade fairs that are held in the two countries and others.

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Zig’s Place Chatroom News Monday AM 7-12-21

Zig’s Place Chatroom News Monday AM 7-12-21

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

Butterfly  Iraq is fifth in oil production in 2020   Monday 12 July 2021 12:15......A recent report issued by the British oil company BP for the month of July 2021 announced the largest oil countries in the world (the most productive) during the year 2020, while indicating that Iraq came fifth among these countries.

The report stated that "the United States ranked first as the most crude oil and condensate producer, with a production of 16.476 million barrels per day in 2020, and the United States maintained the lead despite a 3.5% decrease in its production from 2019."

And the shale oil boom in the United States contributed to boosting US crude production to exceed 16 million barrels per day, after it was 7.6 million barrels per day in 2010, according to BP data.

He added, "Saudi Arabia came second with a total production of 11.039 million barrels per day of oil last year, which was 6.7% lower than the levels of the previous year."

Over the past decade, oil production has ranged from less than 10 million barrels per day to levels above 12 million barrels per day.

He pointed out that Russia came third on the list, as its total production of crude oil and condensate last year amounted to 10.667 million barrels per day.

butterfly   This came after a strong decline in Russia's oil production during the pandemic year, falling by 8.7% from 2019 levels, which amounted to 11.679 million barrels per day.

The report indicated that Canada came fourth, with production of (5.135 million barrels per day), followed by Iraq, with production of (4.114) million barrels per day, and then China came sixth (3.901) million barrels per day, and the UAE was seventh, with production (3.657) million barrels per day, and Iran was eighth, with production (3.084). ) million barrels per day, Brazil ninth with production (3.026) million barrels per day, and Kuwait tenth with production of (2.686) million barrels per day.

The report indicated that Saudi Arabia remains the first in the Middle East without a competitor, and then Iraq comes, followed by the UAE, according to BP estimates issued in July 2021.

butterfly  In Europe, Norway tops the list with a production of 2.001 million barrels per day of crude oil and condensates in 2020, followed by the Kingdom the United States, then Italy.

Among the North American countries, the United States comes first, while Brazil is at the top of the list for countries in the Central and South American region.

butterfly   Oil falls on fears over tight supplies

Monday 12 July 2021 11:41 .....Oil futures declined as a result of concerns about the slowdown in global growth, weighing them against a possible shortage of supplies, after talks between major producers faltered to increase production in the coming months.

Brent crude for September delivery fell 35 cents, or 0.5%, to $75.20 a barrel, and West Texas Intermediate crude for August delivery recorded $74.23, down 33 cents, or 0.4 percent.

And the finance ministers of the Group of Twenty warned that the spread of strains of the Corona virus and the lack of fair access to vaccines for developing countries threatens the recovery of the global economy.

Oil prices fell last Tuesday, after the “OPEC +” group failed to reach an agreement to increase production from August, as a result of the UAE’s refusal to extend a proposed extension of OPEC + production cuts for a period of eight months.

Doug_W  OIL should be about 42 Dollars a barrel

butterfly   \ Doug_W Just another reason to raise the price of gasoline.

Doug_W  yes

butterfly  Summer the price always goes up.

Doug_W   I know that is truth

butterfly   More travelers, more dollars to be made. We have dealt with this "game" for many decades now.

butterfly  It frustrates me with what Branson did. Yes goody for him, but look at how much people could have been put in homes, food, pay bills.....but now we must focus on the "billionaires" and their fun.

butterfly   Now the one that has never paid federal taxes will have his "fun" and the media will focus on him in 9 days.

butterfly   Enough of my frustration.

butterfly  The rise in the exchange rate of the dollar on the main stock market

Monday 12 July 2021 11:39..........The exchange rates of the dollar rose, today, Monday, on the main stock exchange and local markets, against the Iraqi dinar.

Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad recorded 147,950 Iraqi dinars for 100 US dollars, after it registered, during its opening yesterday morning, 147,600 dinars.

Selling prices in banking shops in the local markets increased to 148,500 Iraqi dinars, while purchase prices amounted to 147,500 dinars per 100 US dollars.

butterfly   Re-opening two branches of Al-Rafidain Bank in Mosul, six years after they went out of service

Monday 12 July 2021 10:54 .........The local government in Nineveh Governorate reopened two branches of Al-Rafidain Bank in Ayser and Ayman Mosul, after they were out of service for a period of no less than (six) years due to their bombing by ISIS gangs.

Hussein Lazem, Director General of the Central Bank of Iraq in Nineveh Governorate, told the National Iraqi News Agency ( NINA ): "The two branches resumed work, after leaving the two alternative headquarters, which were on the outskirts of Mosul."

butterfly   Al-Rafidain threatens to take legal measures against the reluctance to pay the money they owe

Monday 12 July 2021 09:47........Al-Rafidain Bank threatened, today, Monday, the delayers to pay the loans by taking legal measures and activating the law of obtaining state funds, in addition to the late fines imposed on the delayers, calling on citizens to pay their late monthly installments with the aim of circulating the interest to other segments.

And the media office of the bank stated in a statement: “There are some citizens who are reluctant to pay their monthly payments in installments arranged on loans and other banking facilities,” stressing: “The bank will take legal measures and activate the law of obtaining state funds, in addition to the late fines imposed on those who are reluctant.”

He pointed out that "refusing to pay what they owe harms citizens and accumulates debts on them and exposes them to dire legal consequences. It is the duty of advice to speed up payment in order to preserve public money, in addition to giving the opportunity to the rest of the citizens to benefit from the services provided by the bank from the returns of installments and lagging money."

The statement stressed that "the bank continues to provide various types of services and facilities for those wishing to obtain apartments in the Basmaya residential complex, in addition to loans for small projects, construction and restoration loans, car loans, in addition to investment loans and other services."

butterfly   The House of Representatives will hold a regular session tomorrow, Tuesday, whose agenda includes voting on several bills and questioning Finance Minister Ali Abdul-Amir Allawi.

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Zig’s Place Chatroom News Sunday PM 7-11-21

Zig’s Place Chatroom News Sunday PM 7-11-21

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

Sheila   DISCERNMENT ADVISED: Nicks Update, July 11, 2021, A Comment by Cynthia -- https://nicksintel.wordpress.com/2021/07/11/07-11-2021-comment-by-cynthia/

Cynthia, [11.07.21 11:02]  To all of the Fleming detractors here’s what I have to say. Get a clue.

Fleming is not the author nor originator of these posts that he’s sharing. He is given this information by the DoD, the very people directly responsible for the RV, and delivers verbatim, without edits. There is always interpretation. Sometimes we benefit from his direct communication, typically given verbally.

To these “Fleming detractors”, he NEVER gets it wrong. To the grumblers complaining about yesterday’s DoD message from DoD, it said, “Paid out to liquid accounts.” This does not translate to SPENDABLE. Does not translate to anything other than what it says. Accounts all over the world are liquid, ready to be released.

I’m still happy with this last DoD update. We have all suffered and been lied to, fed constant propaganda. It’s Gestapo tactics and US is being led by the Gulag regime.

It’s time to stand together in appreciation for the delivery of details of “spendable/fully accessible money in accounts” is about to be announced. Only when we have Green Light audits of all participants accounts, and the verified compliance with all entities met, only then are we truly free of these chains that bind.

BOTTOM LINE, NO ONE GETS ANY SPENDING MONEY UNTIL TIER 4 B.

Thank you, Nick for standing for Tier 4 B. We all should thank Nick. We were never supposed to be allowed to exchange. Only the private groups were to redeem. Nick is instrumental in this opportunity. Nick is singularly instrumental in this Tier 4 B inclusion.

Maybe one day he can share with everyone what all has transpired. For now, to all detractors, please show some wisdom.

butterfly   Developing Iraq's Poultry and Tomato Sector Strategies.........12th July 2021 in Agriculture.......Iraq makes strides to develop poultry and tomato sector strategies

 Sector-focused consultations to support sustainable and inclusive development in the poultry and tomato value chains in Iraq were held in Basra and Mosul on 4 July 2021.

 These consultations will be instrumental in elaborating national strategies for the two sectors. The poultry and tomato sector strategies will serve as a compass for the Government, private sector and development partners to improve the competitiveness of farmers and small and medium enterprises in these two sectors, contributing to the national pathway towards sustainable food systems, inclusive growth and job creation for Iraq citizens.

 Aligned with national planning frameworks, the strategies will specify clear priorities eventually producing a concrete five-year plan of action (2022-2026) that will not only define roles for implementing institutions but also provide an implementation management framework.

 Public sector and private sector representatives including farmers, input suppliers, processors, wholesalers, traders and retailers and agri-support business services participated in the consultation sessions. They discussed the current situation and the future opportunities in developing the tomato and poultry value chains.

butterfly   The sessions provided a platform for engaging into realistic priority setting based on understanding market trends and requirements, and for discussing how inter-institutional cooperation can be improved to provide the necessary enabling environment for sustainable growth of the sector.

 The International Trade Centre is facilitating the elaboration of the poultry and tomato sector strategies within the framework of the European Union-funded project, "Strengthening the agriculture and agri-food value chain and improving trade policy in Iraq" (SAAVI) under the leadership of the Government of Iraq.

 Mr. Eric Buchot, who leads the International Trade Centre project in Iraq said:

 "As we work with our partners to strengthen agribusinesses in Iraq, we are grateful for the opportunity to hear from representatives of the government and private sector including farmers. The most effective way for the private sector to make its contributions is as part of such integrated and comprehensive strategic approach that involves government, food chain partners and development agencies."

 The EU Ambassador to Iraq, Mr. Martin Huth said:

 "The European Union is committed to work with the Government of Iraq to ensure better job opportunities for all Iraqis. Consultations with stakeholders are an important component of project design and the views of government, the private sector, farmer associations, civil society and business support organizations are essential. Our efforts, especially project activities, must fit the local context well and support the needs of stakeholders."

butterfly   Earlier, in Baghdad, the first sector core team meeting was also held with representatives from Ministry of Planning, Ministry of Agriculture and Ministry of Trade, along with private sector stakeholders including farmers associations and chambers of commerce. The sector core team will provide leadership and guidance during the sector strategies design process.

 These consultations build on approximately 18 local group consultations that were held with farmers and small businesses including women-owned businesses in Ninewah, KRI, Basrah, Thi Qar.

 More than 500 competitiveness surveys focusing on agribusinesses and farmers have been completed throughout the country. Over 3000 interviews were conducted at the national level with consumers as well as with representatives from various stakeholder groups, such as traders, wholesalers and retailers, to help better understand market demand, identify areas of improvement and market opportunities.

 Another round of national level consultation for tomato and poultry sector strategies will be conducted in early September.    (Source: UN)

butterfly   GE announces 'Energy Transition Plan' for Iraq.........12th July 2021 in Iraq Industry & Trade News..........GE has announced a comprehensive "Energy Transition Plan" for Iraq, presenting its transformative strategies to support the country's evolution to a cleaner energy future.

 The plan includes several key pillars that support the government's goals to enhance Iraq's power infrastructure, as well as promote decarbonization and energy sector diversification.

 The Energy Transition Plan was announced at the Rebuild Iraq event in Baghdad, a high-level summit organized in close collaboration with the Prime Minister's Office and Iraq's National Investment Commission.

 Dr. Abdurrahman Khalidi, Chief Technology Officer of GE Gas Power - EMEA said:

 "We have continuously focused on supporting Iraq's power infrastructure development through end-to-end solutions - from securing financing to delivering cutting-edge technology. It is now important to step up the drive toward cleaner energy systems that bring a triple advantage to the country: deployment of diversified energy sources to meet growing demand; achieving decarbonization commitments through the deployment of more efficient gas power and renewable energy sources; and setting a stable platform for safe, reliable, and cleaner energy for the future. This is the guiding strategy for our 'Energy Transition Plan' for Iraq and is the most comprehensive approach, covering all potential solutions the country can leverage."

butterfly   The plan proposes a strategic mix of customized technology and solutions that supports decarbonization across the energy landscape unique to Iraq. From world-record-holding high-efficiency gas turbines to upgrade solutions to fast and flexible aeroderivatives, GE's team of global and local experts can make decarbonization a reality for Iraq.

 The key pillars of GE's Energy Transition Plan are:

 Maintenance, rehabilitation, and optimization of power plants: improving performance between 5-10% and converting assets for a potential 20% reduction in CO2

Flared gas utilization: generating an additional 10 GW by turning flared gas in power

Combined cycle conversion: converting from simple cycle can add additional power with zero incremental fuel or emissions

Addition/displacement of inefficient generation: bringing advanced technology and modernizing existing plants to reduce C02 emissions

Use of hydrogen for power generation in concert with carbon capture technologies: can remove up to 90% of Co2 emissions from gas turbine exhausts

Transformation of Iraq into a regional energy hub: Enhancing an interconnected grid to be stronger, smarter, more reliable, and more sustainable.

Deployed together as a strategic priority, GE solutions can play a key role in achieving Iraq's goals of cutting greenhouse gas emissions and accelerating the decarbonization journey in the country, while meeting increased demands for power supply.   (Source: GE)

Butterfly   Egypt to supply 700MW of Electricity to Iraq.......12th July 2021 in Iraq Industry & Trade News, Politics.......Egypt has reportedly agreed to supply 700MW of electricity to Iraq via Jordan.

 The country's Electricity Minister is quoted as saying that the $2.2-billion project will begin within 18 months.

 More here. https://energy-utilities.com/egypt-agrees-to-supply-700mw-of-electricity-to-news113054.html

 (Source: Energy and Utilities)

butterfly   Iraq Invests in Clean Energy.........12th July 2021 in Investment, Iraq Industry & Trade News........Iraq invests in clean energy

 Iraq is investing in clean energy to produce electricity, especially solar energy, which is almost available throughout the year in various regions of the country.

 Click here to read the full story. https://www.al-monitor.com/originals/2021/07/iraq-invests-clean-energy

butterfly   Market Review: "The Opportunity in Under-valued Shares"..........12th July 2021 in Ahmed Tabaqchali, Investment.......... https://www.iraq-businessnews.com/2021/07/12/market-review-the-opportunity-in-under-valued-shares/

butterfly  Article is way too long to post. Graphs, so if you are interested just click on the URL.

butterfly   Newspapers continue to address the housing crisis and efforts to approve the retirement and social security law

Monday 12 July 2021 01:36 |..........The newspapers issued in Baghdad today, Monday, the twelfth of July, continued to address the housing crisis, efforts to approve the retirement and social security law, and other political and economic issues.

 Al-Zawraa newspaper, which is issued by the Iraqi Journalists Syndicate, followed the issue of addressing the housing crisis and distributing residential land to those who deserve it.

In this regard, she referred to the statement of the Cabinet Secretariat's spokesman, Haider Majid: "The government is determined to address the housing crisis in Baghdad and the provinces. And there is a directive by the Prime Minister to take care and give priority to the issue of providing residential plots to citizens in Baghdad and the provinces."

 Majeed added: "The Ministry of Construction has set up a mechanism and specified registration on plots of land through a website that was designed and established by the ministry. During the next two weeks, the Ministry of Construction and Housing will prepare to deliver between 500,000 to 600,000 residential plots in Baghdad and the provinces."

butterfly   The newspaper quoted the Prime Minister's Adviser for Construction and Services, Sabah Abdul Latif, as saying: "The allocated lands in Baghdad will be distributed in the Nahrawan and Abu Ghraib regions, and that there are 8 sites ready for the establishment of new cities."

 Abdul Latif explained: "The initiative to distribute land is not a result of these days, but the prime minister, since he took office, has been the issue of addressing housing as one of his priorities," noting that: "The Ministry of Housing was assigned to prepare studies for building new cities."

 He continued, "We have 17 sites for these cities, which are ready, including 8 sites," pointing out:

 Al-Sabah newspaper, which is issued by the Iraqi Media Network, has followed up efforts to approve the retirement and social security law.

 The newspaper said: "The Committee on Labor, Social Affairs, Immigration and Displacement in the House of Representatives is about to finalize the retirement and social security law next week, after meeting with the International Labor Organization to match the paragraphs of the law with international laws."

butterfly   She pointed to the words of the Committee's Chairman, Raad Al-Dahlaki: "The Retirement and Social Security Law is one of the most important laws that will contribute to the inclusion of large numbers of earners and insured workers in its paragraphs, and the first and second readings have been read."

 And he indicated: "The committee is still continuing to hold meetings with the competent authorities, unions, unions and civil society organizations to consolidate the law, adapt it by legal methods, put the final touches on it and submit it to the vote."

 Al-Dahlaki confirmed, according to Al-Sabah: "The committee has prepared several workshops to implement them next week with the International Labor Organization to match the paragraphs of the law with international laws in order to integrate it from all legal, civil and international points of view."

 He continued, "The committee is determined to pass the law because it represents the largest segment of society and opens the door for workers to guarantee their rights," stressing that by passing the law, all non-working class will be included in the government sector, and the door will be opened for rights for many segments of workers and earners in the private sector, and the law will go Towards preserving the rights of workers from retirement and ensuring the owners of private professions, which serves as another window that opens the way for them and reduces the queue of crowding for work in the government sector.

butterfly   On the political issue, Al-Zaman newspaper followed up on the differences in the leadership of the Patriotic Union of Kurdistan.

 In this regard, she said: "Political parties have adopted mediation to calm down and settle the dispute between the two co-chairs of the Patriotic Union of Kurdistan, against the background of changes in administrative and security positions in Sulaymaniyah."

 It quoted a source in the party's political bureau: "Efforts are being made at a high level by the leaders of the union in order to find a way out and settle the existing differences."

 The source pointed out: "The prevailing atmosphere is moving towards calm."

 Sources from within the party stated that the mediation efforts to hold a meeting between the two co-chairs of the party, which was adopted by the President of the Republic, Barham Salih, a few days ago, had failed.

butterfly   Al-Zaman quoted these sources as saying: "Bafel Talabani told the mediators that implementing the law and preventing smuggling has cooled relations between the two leaders of the party, and that the changes were made at the invitation of the Deputy Prime Minister of the Kurdistan Regional Government, Qubad Talabani, who asked the President of the Region, Nechirvan Barzani, Issuing an order to appoint the officials of the fight against terrorism and the information institution in Sulaymaniyah.”

butterfly   Baghdad's Peace Run..a message of love to the world..in the streets of the capital

Sunday 11 July 2021 23:23..........The capital, Baghdad, witnessed the Baghdad Peace Run, which was set up by the Security Media Cell and the Ministry of Interior in cooperation with the Joint Operations Command, the Ministry of Youth and Sports and the Police Sports Club, today, Sunday, with a wide participation of athletes, security men, citizens and a number of personalities.

 The event was attended, according to a statement by the Security Media Cell: a group of arena and field pioneers in an atmosphere of hope and reassurance, carrying a message of peace to the whole world, covering a distance of 1500 meters in the streets of the capital.

 The participants in this run expressed their thanks and gratitude to those in charge of this step, wishing stability throughout this country, and that there would be activities similar to today's event because it carries many messages that Baghdad knows one language, which is the language of love.

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Zig’s Place Chatroom News Sunday AM 7-11-21

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

Butterfly   Finance is looking into the implementation of the financial and information management systems within the steps of the reform paper

Sunday 11 July 2021 15:38 ........Minister of Finance Ali Abdul-Amir Allawi chaired, today, Sunday, a meeting to follow up on the implementation of the reform projects "White Paper" in the presence of the Executive Director of the Economic Reform Committee Alaa Al-Saadi, Undersecretary Taif Sami, advisors to the Minister of Finance and general managers of the ministry.

A statement of the Ministry of Finance stated, "During the meeting, the reform axes identified by the white paper were discussed, represented by the "Public Financial Management and Financial Information" systems, as part of its steps, which are among the important steps to achieve sustainable financial stability and give an opportunity to achieve other structural reforms.

The statement added, "The meeting witnessed a discussion of the implementation of the integrated financial information management system project, which will contribute to increasing the speed of electronic communication for the ministry and the rest of the ministries in order to provide accurate information and will enhance the supervisory role on financial accounts and not exceed the financial appropriations established in the budget, in addition to facilitating the process of implementing the program and performance budget." .

butterfly   The minister said: The application of the financial management system and the information management system will enhance the state's access to the necessary funds and control government spending, which will lead to spending these funds efficiently and effectively in accordance with the state's financial policy.

Allawi stressed the continuation of follow-up to the content of the white paper to reform the financial and economic affairs, which will lay down the main steps for preparing budgets for the coming years.

butterfly   Bahaa Al-Araji: Any upcoming escalation will delay the issuance of the decision to schedule the American withdrawal

Sunday 11 July 2021 10:26........Former Prime Minister Bahaa Al-Araji said that any upcoming escalation will delay the issuance of the decision to schedule the American withdrawal from the country.

And he stated in a tweet that: The aim of the expected visit of the Prime Minister to the United States of America is to end the negotiation file on scheduling the American withdrawal from Iraq and to issue a decision to that.

Al-Araji added that: Any upcoming escalation will delay the issuance of this decision, and whoever raises the slogan of removing the occupier should stand with the Prime Minister and support him to achieve this national demand.

butterfly   2021-07-11 06:58  Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than 209 million in foreign currency today, Sunday, nearly 10% above the previous session.

Shafaq News Agency correspondent said that CBI’s sales of foreign currency in today's auction amounted to $209,412,444, up by 9.42% compared to last week’s $191,434,000. The weighted rate of the U.S. dollar averaged 1460 dinars.

Our correspondent explained that 18 banks and 14 exchange companies cashed $40,000,080 million, while the remaining sums went to boost funds abroad in the form of credit and non-cash transactions with 33 banks meeting those demands.

butterfly  2021-07-11 02:14   Shafaq News/ The U.S. dollar registered today a higher exchange rate against the Iraqi dinar in the markets of Baghdad and Kurdistan.

Shafaq News Agency correspondent said on Sunday that the Central al-Kifah and al-Harithiya exchanges are trading the dollar at a rate of 147,600 dinars to 100, up by 300 dinars compared to yesterday.

Our correspondent said that the 100 U.S. dollar buying and selling prices in the unofficial markets in Baghdad settled at 148,000 and 147,000 Iraqi dinars.

The buying and selling prices of the dollar in the capital of the Kurdistan Region also rose today, registering 148,000 and 147,500 dinars for every 100 dollars, respectively.

butterfly  2021-07-11 08:17  Shafaq News/ The Federal Government of Iraq has deposited 200 billion dinars in the bank account of the Kurdistan Regional Government, a source revealed.

Late in June, a source in KRG said that the Iraqi Premier Mustafa al-Kadhimi had signed an decree to allocate 200 billion dinars advance to KRG to secure the salaries of the Region's public servants.

Butterfly  Islamic State uses hit-and-run tactics in Iraq

Islamic State cells continue to target Sunni areas while armed groups thought to be close to Iran step up attacks on facilities hosting international coalition forces.

Read more: https://www.al-monitor.com/originals/2021/07/islamic-state-uses-hit-and-run-tactics-iraq#ixzz70Jgim5Ww

butterfly   July 11, 2021  Islamic State (IS) remnants continue to make their presence known in mostly Sunni-majority areas in Iraq, including an attack earlier this month on fishermen near the Haditha Dam, not far from the town of the same name that was under siege for over a year during the battle against IS.

Iraq officially declared victory against IS in December 2017, after the last urban center in the country — Rawa in western Anbar — had been retaken from the international terrorist group the previous month.

Haditha, known for its Jughayfa tribe and fierce tribal fighters as well as a massacre of civilians by US Marines in November 2005, and an attempted coverup later subjected to a lengthy investigation, never fell to the international terrorist group.

A fighter from a local Sunni Popular Mobilization Unit (PMU) in the region who did not want to be named told Al-Monitor July 8, "Four fishermen had been killed in the attack by three IS in a pickup truck."

The mayor of Haditha said that five others were injured in the attack, which occurred about 200 kilometers (124 miles) northwest of Baghdad. 

The most prominent sheikh of the dominant Jughayfa tribe in Haditha, Sheikh Awwad, told Al-Monitor in a WhatsApp exchange that the IS fighters who attacked the fishermen had "fled but are located in the Jazeera area in underground tunnels. They receive supplies and fuel via the Haditha lake opposite from Reyhana."

Reyhana is a town that is administratively part of modern Anah. Ancient Anah was located nearby but was flooded under an artificial lake created by the Haditha Dam. The dam is the second-largest hydroelectric contributor to Iraq’s power system after the Mosul Dam and was completed in 1987.

butterfly   During the 2017 fight to retake Anah, Reyhana was the hardest area, local fighters involved in the battle had told Al-Monitor at the time, due to the concentration of IS foreign fighters. It was heavily damaged in the battle and by airstrikes as appeared in reporting from the town afterward.

The Jughayfa sheikh said that he believed IS fighters were the ones sabotaging power lines in Anbar.

In early July, IS claimed responsibility for improvised explosive device attacks targeting Iran-aligned armed groups on the road between Qaim and Akashat, allegedly killing one and wounding two others.

The small town of Akashat, mainly known for its phosphates quarry and uranium ore production facility, is in an area running alongside the Syrian border south of Qaim to near Rutba under the control of the PMU and difficult to access for anyone not associated with them. Al-Monitor has on previous trips to western Anbar been refused access to this area.

Armed groups believed to be linked to Iran have in recent weeks intensified attacks on bases hosting US-led international coalition forces as many power lines as well as energy imports from Iraq’s eastern neighbor have been cut amid suffocatingly high summer temperatures.

Some have posited that Iran-linked groups are behind the multitude of attacks on power lines and facilities in recent weeks. Given Iran’s concurrent halt to energy supplies for Iraq, they claim it may be a way for Iran and groups linked to it to apply pressure on Iraq.

The largest danger to both local forces and international ones on the ground no longer seems IS, some security sources in Anbar contacted by Al-Monitor said, despite continuing but sporadic attacks targeting local fighters, security forces and others.

butterfly   Rocket and drone attacks have targeted the Ain al-Asad base, which hosts international forces, in the Sunni-dominant western Anbar region, at least four times in just over a month — June 6, June 20, July 5 and July 7.

After the latest attack, coalition spokesman Col. Wayne Marotto tweeted that two "personnel sustained minor injuries. Damage still be assessed" and noted that, "At approx. 12:30 PM local time, Ain Al-Assad Air Base was attacked by 14 rockets. The rockets landed on the base & perimeter. Force protection defensive measures were activated."

Marotto told Al-Monitor in response to emailed questions that the Iraqi Security Forces (ISF) and "coalition believe these rockets were fired by outlaw militia groups," and that Defense Ministry spokesman Maj. Gen. Yehia Rasoul had "released a statement calling the perpetrators terrorists and enemies of the Iraqi state," while Joint Operations Command spokesman Maj. Gen.

Tahseen al-Khafaji had said, "The rocket attack violated Iraqi sovereignty and put in harm’s way Iraqi civilians and troops from the ISF and Coalition." The Iraqi Security Media cell tweeted that some of the rockets at the launch site were not shot at the base and ended up exploding, damaging local homes and a mosque.

Marotto said, "Due to operational security, we don’t provide details of where we place force protection systems or operational details of force protection." He added, "We want to ensure there is not a resurgence of Daesh [IS]. Both groups — outlaw militia groups and Daesh — are a threat to the mission of OIR, to defeat Daesh."

Iraqi officials including Prime Minister Mustafa al-Kadhimi frequently refer to groups believed to be close to Iran and in any case conducting attacks on Iraqi territory against facilities and convoys connected with the international coalition as "outlaw" groups.

butterfly   Marotto stressed, "The U.S./Coalition has the inherent right to self-defense. The Coalition is not attacking outlaw militia groups — they are attacking us. U.S. strikes against threats are in collective defense of the U.S. and Coalition forces and our Iraqi partners."

He continued, "It is the outlaw militia groups and Daesh whom do not want stability, security and economic prosperity. They want aggrieved people full of anger and no hope so its violent extremist ideology fills the void. CJTF-OIR continues to be committed to developing the capacity and capability of the Iraqi Security Forces in the defeat of Daesh. The recent attacks are a significant distraction from the defeat Daesh mission.”

The coalition has been steadily drawing down its forces in Iraq over the past year. Most are now stationed at either Ain al-Asad or Erbil in the Kurdistan Region of Iraq, in the northern part of the country.

The local tribal PMU fighter from Anbar quoted above noted that in his opinion the attacks on the coalition base in the province were by groups linked to Iran, but they had been "created by the United States" — in the process of "giving our country to them." He asked that his name be withheld as Iran-linked groups are "a danger to my life. They control all Iraq now."

Sheikh Awwad warned that attacks on Ain al-Asad were likely to "increase in the coming period,” stressing that this was due to a lack of response and/or deterrence measures, and that it is still not clear who exactly is carrying out these attacks.

He concluded that the western part of Anbar province near the border with Syria "is still an area under the influence of the PMU," and that “this is an issue for the Iraqi government," especially as the PMU — many with historic or current links to Iran — "control the border crossings."

Butterfly   The government clarifies about changing the dollar exchange rate and talks about addressing its impact on these sectors

Posted, 2021-07-11   The government clarifies about changing the dollar exchange rate and talks about addressing its impact on these sectorsSaturday, the Iraqi government clarified its vision to address the change in the exchange rate of the dollar against the Iraqi dinar, especially with regard to its effects on investment projects, and revealed 3 reasons preventing the change now.

The economic advisor to the Prime Minister, Alaa Abdul-Hussein, said in a statement to the Iraqi News Agency, “With regard to investment projects in the beginning and the issue of the exchange rate, many of the materials that contractors enter to work are imported from abroad, and cost accounts and previous contracts are fixed at the old exchange rate, especially contracts that take time. long”.

He pointed out that “the vision of the treatment is more comprehensive than being money or seeing the exchange rate, and it is applied as a development project. If the problem of the exchange rate difference, if not addressed, will lead to project disruption, erosion of the achievement, delay in development and the benefit that comes from the project,”

explaining that “the treatment It comes from the perspective that there are projects we are waiting for completion, and by completing them, the benefit of the people will be achieved, and therefore the main and supreme goal is treatment in order to hasten the benefits derived from these projects for the people.”

butterfly  Al-Kazemi’s advisor pointed out that “the projects were divided into a number of sections according to their type, including construction projects, electrical and metal projects, and others, and each type of them contains materials imported from abroad, and therefore the percentages were determined based on the price changes that occurred, and then work is done on Treatment,”

stressing that “prices did not change due to the exchange rate only, but prices at the global level changed, and the reason for this is the increase in demand as a result of the Corona pandemic, as the world stopped and this led to all countries depleting their stocks of materials in addition to their monthly consumption, which led to Increasing demand to cover their strategic stocks and monthly consumer demand.

He continued: “If we look at the increase in demand with the stability of the production capacity of factories in the world, we find that this led to a general rise in all prices globally, and therefore the price change did not come as a result of changing the exchange rate in Iraq, but rather at the world level.”

And Abdul-Hussein indicated that “within the foreseeable future, the exchange rate cannot be reconsidered for several reasons, including firstly that the exchange rate is a prerogative of the Central Bank, and secondly also that the current rate was approved in the budget law and is valid, in addition to a third reason is that all revenues Oil revenues, even if they increase, will only be able to cover the budget deficit of about 30 trillion dinars, and therefore we do not expect to guarantee oil prices for the next six months, and it is dangerous to think about dealing with the exchange rate now.”   burathanews.com

butterfly   Global location: Iraq is among the most expensive countries in the world in the cost of establishing a business

2021-07-11 04:40   Global location - Iraq is among the most expensive countries in the world in the cost of establishing a businessShafaq News/ Big Think Edge published data about the cost of establishing a business in the countries of the world, and showed that the fees for opening such activities are the most expensive in the Middle East.

The website, which drew its data from the Doing Business 2020 report issued by the World Bank, revealed that Iraq is among the most expensive countries in the world in terms of costs for starting a business, which amounts to 1574 dollars.

According to the report, the UAE is considered the most expensive place in the world to start a business and is far from the least expensive, with fees amounting to 7,444 dollars, while in Qatar it is 3,952 dollars, in Saudi Arabia it is 1,267 dollars, in Kuwait 815 dollars, Oman 502 dollars, and in Bahrain 231 dollars.

On the other hand, the fees for setting up a business in Egypt are $13, which is equal to 7 percent of the average monthly income of an individual.

According to the site, governments often require a company to have a minimum paid-in capital – a set amount of cash in the bank. These processes are not only expensive, but they are complex and may take a long time.

Based on the above, he found that the UAE is the most expensive country to establish a company. He also noted that there are no fees for starting a business in Rwanda during the first two years, while the laws in Slovenia provide for a capital of 7,500 euros and without any fees for any business project.    shafaq.com

butterfly Al-Kazemi’s visit to America schedule.. many files and more demands

Sunday 11 July 2021 | 05:32 PM   Al-Kazemis visit to America schedule.. many files and more demandsPrime Minister Mustafa Al-Kadhimi is preparing to go on an official visit to the United States of America, in his first visit since President Joe Biden took office.

And circles close to the government talked about the visit, which has not yet matured, because of the talks between the two sides on a specific date, as they want the visit to be not marginal, but rather large because of the files it holds that need a position from both sides.

The circles said, “The files that Al-Kazemi will carry are many, including the file of the American military presence, the establishment of power stations, the training of Iraqi forces, education and health.” And the circles confirm, “The political forces, especially the Shiite ones, submitted requests to Al-Kazemi to carry them on the visit, including ending the military presence and allowing non-US companies to work in energy projects in Iraq.”

And she indicated, “Al-Kazemi promised to transfer the demands of the political forces to the American administration, during discussions that brought him together with the leader of the Al-Fateh Alliance, Hadi Al-Amiri.” Last Monday, the National Security Adviser, Qassem Al-Araji, discussed with the US Ambassador to Baghdad the Prime Minister’s upcoming visit to Washington. Al-Araji’s office said in a statement that the latter “received in his office today, Monday, the American ambassador in Baghdad, Matthew Tueller, to discuss the latest political and security developments in Iraq and the region, bilateral relations between Baghdad and Washington, and joint cooperation in areas that serve the two countries.”

butterfly  The two sides also discussed, according to the statement, “the expected visit of Prime Minister Mustafa Al-Kazemi to the United States of America, the files that he will discuss with the American side, and ways to make this visit a success, in the mutual interest between the two countries.”  aynaliraqnews.com

butterfly   Iraqi Dinar/US Dollar auction results for tomorrow 7-12-2021 executed today 7-11-2021

25k Iraqi Dinar notesThe results of the foreign currency sale window for Monday 12/7/2021 and executed today

Announcement No. (4448)  Sale date – Monday 12/7/2021 and executed today  the details  the amount

Total sale for the purposes of strengthening balances abroad (remittances, credits)   169,745,591

Total cash sale  56,990,000    Total total sales  226,735,591

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/1064

Butterfly   Iraq and Russia discuss bilateral relations and ways to enhance them

Sunday 11 July 2021 20:13......Acting Head of the Protocol Department at the Ministry of Foreign Affairs, Ali Shamran Hajim, met with the Russian Ambassador to Baghdad, Elbrus Quatrashev.

According to a statement by the Ministry of Foreign Affairs, Hajim praised the distinguished bilateral relations between the Republic of Iraq and the Russian Federation, stressing Iraq's keenness to push these relations towards broader horizons at various levels, in a manner that serves the interests of the two friendly countries and peoples.

For his part, the ambassador expressed his great gratitude for all the facilities and assistance provided by the Protocol Department to the Russian diplomatic mission in carrying out its tasks, which were directly reflected in achieving the best relations.

Sheila   DISCERNMENT ADVISED: Nicks Update, July 11, 2021, A Comment by Cynthia -- https://nicksintel.wordpress.com/2021/07/11/07-11-2021-comment-by-cynthia/

Cynthia, [11.07.21 11:02]  To all of the Fleming detractors here’s what I have to say. Get a clue.

Fleming is not the author nor originator of these posts that he’s sharing. He is given this information by the DoD, the very people directly responsible for the RV, and delivers verbatim, without edits. There is always interpretation. Sometimes we benefit from his direct communication, typically given verbally.

To these “Fleming detractors”, he NEVER gets it wrong. To the grumblers complaining about yesterday’s DoD message from DoD, it said, “Paid out to liquid accounts.” This does not translate to SPENDABLE. Does not translate to anything other than what it says. Accounts all over the world are liquid, ready to be released.

I’m still happy with this last DoD update. We have all suffered and been lied to, fed constant propaganda. It’s Gestapo tactics and US is being led by the Gulag regime.

It’s time to stand together in appreciation for the delivery of details of “spendable/fully accessible money in accounts” is about to be announced. Only when we have Green Light audits of all participants accounts, and the verified compliance with all entities met, only then are we truly free of these chains that bind.

BOTTOM LINE, NO ONE GETS ANY SPENDING MONEY UNTIL TIER 4 B.

Thank you, Nick for standing for Tier 4 B. We all should thank Nick. We were never supposed to be allowed to exchange. Only the private groups were to redeem. Nick is instrumental in this opportunity. Nick is singularly instrumental in this Tier 4 B inclusion.

Maybe one day he can share with everyone what all has transpired. For now, to all detractors, please show some wisdom.

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