Zig’s Place Chatroom News Early Wednesday 9-1-21

Zig’s Place Chatroom News Early Wednesday 9-1-21

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

Butterfly   https://ninanews.com/Website/News/Details?key=924925 ....

The decline in the prices of the OPEC oil basket …… Wednesday 01 September 2021...... The prices of the OPEC oil basket fell, today, Wednesday, to reach $71 per barrel.

And the Organization of / OPEC / stated in a report: "The price of crude fell by 0.45 US dollars to reach 71.45 dollars, compared to the day before, when the price reached 71.88 dollars."

International oil prices fluctuated between decline and rise as a result of being affected by production factors in America and the OPEC agreement on production.

The Organization of Petroleum Exporting Countries (OPEC) reference basket consists of: Sahara Mix (Algeria), Girasole (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabie Light (Gabon), Iran Heavy (Iran), Basra Light (Iraq) ), Kuwait Export (Kuwait), S Sidr (Libya), Pony Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE), and Miri (Venezuela).

butterfly   There ya go Doug_W up and down syndrome with OPEC.

butterfly   https://ninanews.com/Website/News/Details?key=924919 ..................

The Ministry of Oil: (6) billion and (533) million dollars, revenues achieved for the month of August, expanded

butterfly   https://ninanews.com/Website/News/Details?key=924888 .........................

Al-Amiri to / Nina /: There will be no foreign forces in Iraq at the end of this year, regardless of their nationality

Wednesday 01 September 2021 11:19

butterfly   https://www.iraq-businessnews.com/2021/09/01/opening-of-village-dairy-centers-for-milk-processing/ ......... Opening of Village Dairy Centers for Milk Processing

butterfly   https://www.iraq-businessnews.com/2021/09/01/nokia-to-build-asiacells-next-gen-microwave-network-in-iraq/ ......... Nokia to build Asiacell's Next-Gen Microwave Network in Iraq

butterfly   https://www.iraq-businessnews.com/2021/09/01/iraq-ratifies-mauritius-convention-on-transparency/ .......... Iraq ratifies Mauritius Convention on Transparency

butterfly   https://www.shafaq.com/en/Economy/CBI-sales-in-the-currency-auction-decline-on-Wednesday ............. CBI sales in the currency auction decline on Wednesday ............ The Central Bank of Iraq (CBI) auctioned more than $223 million in foreign currency today, Wednesday.

Shafaq News Agency correspondent said that CBI's sales of foreign currency in today’s auction amounted to $223,786,534, down by 6.3% compared to yesterday's $238,930,627.

Our correspondent explained that 14 banks and 20 exchange companies cashed $44.42 million, while the $179,546,534 went to boost funds abroad in the form of credit and non-cash transactions, with 36 banks meeting those demands.

butterfly   THIS IS PART OF WHAT WE HAVE BEEN LOOKING FOR: ..... https://www.shafaq.com/en/Iraq-News/Iraq-to-fulfill-its-obligation-to-Kuwait-by-the-end-of-next-year ................ Iraq to fulfill its obligation to Kuwait by the end of next year ....... 2021-09-01 05:29

Shafaq News/ The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed that Iraq would fulfill all its obligations to Kuwait on compensation for the 1990-91 invasion.

Salih said in an interview with Shafaq News Agency, "Deducting 3% of the cost of each barrel exported abroad as compensation for the Kuwait war will end next year, the remaining amount is not more than one billion dollars."

It is worth noting that Iraq stopped making payments in 2014 during the war against ISIS, which controlled a third of the country but resumed in 2018, and now, 3% of oil export revenues go to Kuwait.

Under the United Nations Compensation Commission (UNCC), Kuwait and Iraq agreed that payments would gradually increase from 0.5 percent of Iraqi oil proceeds in 2018 to 1.5 percent in 2019 and 3 percent in both 2020 and 2021.

Located in Villa La Pelouse within United Nations Office in Geneva, Switzerland., UNCC was created to process claims and pay compensation for losses and damage suffered due to Iraq's unlawful invasion and occupation of Kuwait in 1990-91.

Sheila   IMHO, Lynette continues to provide basis for moving into metals as part of sound financial foundation. Video: RESET PATTERNS APPEAR...HEADLINE NEWS with LYNETTE ZANG: https://www.youtube.com/watch?v=K_hHXtzWd9s

Dave   butterfly Too think less than a Billion to go....CBI could write a check tomorrow....then enter the global stage in having a globally traded currency... the news regarding private investment laws still aint done...... Invest in that?

butterfly   Dave No matter how we look at it, or hope the hell things would change, but as I remember it was going to be 2022 to finish paying off Kuwait. That would be one step that needs to be done, but there are others. They, of late, have shown they are asking for investors of other countries. That will take time also. As the IMF stated, they don't look for anything to happen, in stability, with Iraq until 2024.

Dave   Baghdad conference......Like that Kuwati conference.......Now have White Paper......no ink on that yet

butterfly   Iraqi government to begin implementation phase of the White Paper for Economic Reform

15 Feb 2021 - 3:55 pm https://gds.gov.iq/iraqi-government-to-begin-implementation-phase-of-the-white-paper-for-economic-reform/

butterfly  That is the latest I've found and posted before about the white paper.

Dave   To Begin....future tense

Dave  too think that White paper almost 1 yr old now

butterfly   Here is the English version of the White Paper .............. https://www.iraq-businessnews.com/wp-content/uploads/2021/01/Iraq-White-Paper-English-version-Oct.-2020.pdf

Dave  .....,.and yet Maliki...running again.....ARRG

Dave   #1 priority of this paper to eliminate corruption

butterfly   Here is the summary version in English: .............. https://www.iraq-businessnews.com/2020/11/05/english-language-summary-of-iraqs-white-paper/

butterfly   Dave of course he is. He has made billions, so why not stop when it is so easy to make that much money.

butterfly  https://www.dailysabah.com/mideast/2015/10/28/500-billion-dollars-stolen-under-maliki-rule-in-iraq-official .................. 500 billion dollars stolen under Maliki rule in Iraq: official

Dave  Man....Biden makes 500K/yr

Dave  heard as high as 780 Billion

butterfly  I may be wrong but I believe all presidents make 400K.

Dave  what ever happened to those few hundred million in frozen accounts

butterfly   Nouri Al-Maliki's net worth is estimated to be about 40 billion US dollars. That means he is worth about 18% of Iraq's total GDP. https://www.reddit.com/r/Iraq/comments/jd3yrm/nouri_almalikis_net_worth_is_estimated_to_be/

Dave   butterfly Forbes Magazine....64 billion

Dave   Talabani....35 billion

butterfly   That sounds right because that article is back in 2015.

Dave   Richest politicians in the World

butterfly  Here is another one that says 72B https://www.idolnetworth.com/nouri-al-maliki-net-worth-203956

Dave   Interest has accrued.....

butterfly   Dave lol

NORV   Expanding Access to Banks in Iraq: Challenges & Pathways to Reform

1/9/2021   One of the major obstacles to the development of the private sector in Iraq is the lack of access to finance to support its growth. The consensus view is that this is a consequence of Iraq’s underdeveloped banking sector, which is dominated by the state.

While this diagnosis is, to a certain extent, true, a more accurate way of framing the problem would be to say that Iraq simply does not have a banking system, at least in the way that banking is globally understood or practiced.

Iraq has institutions which are referred to as “banks” and indeed, they perform certain functions that resemble banks; however, with a few limited exceptions, Iraq’s banks do not perform the essential functions that characterize a modern banking system.

Whereas banks globally play a major role in the provision of credit and in the functioning of payment systems, banks in Iraq play second fiddle to cash. So long as cash dominates, there is little room for a robust banking sector to emerge. Examining cash dominance in addition to other challenges, this edition of the Iraq Economic Review identifies the key obstacles impeding the development of a banking sector in Iraq and considers possible pathways forward.

Cash is King: Money and the Banking Sector in Iraq - Ahmed Tabaqchali

Surviving “Off the Grid”: MSMEs and Banking in Iraq - Hamzeh al-Shadeedi

Building Trust in Iraq’s Banking Sector - Muhammad Al-Waeli

How Iraq’s Proposed Economic Reforms Would Impact Iraqi Women - Dr. Marsin Alshamary

Full Report here.. (Good read in English)

https://auis.edu.krd/iris/sites/default/files/iris_iraqeconomicreview_digital.pdf

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Zig’s Place Chatroom News Tuesday AM 8-31-21

Zig’s Place Chatroom News Tuesday AM 8-31-21

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

Butterfly   https://ninanews.com/Website/News/Details?key=924658 ..................

The Iranian ambassador to / NINA /: Iraq can become one of the largest tourism and investment sites in the region  

Tuesday 31 August 2021 09:49 ............ Masjedi said, in a statement to the National Iraqi News Agency ( NINA ), that "Iraq should not be a consumer market only, dependent on imports to cover the needs of its citizens," noting that "Iraq's geopolitical depth qualifies it to play an important pivotal role within the region, economically and politically." and various other fields."

He added, "Iraq can be the largest transit crossing in the region, and turn into one of the largest tourism sites and investment centers in the countries of the region and neighboring countries," noting that "this matter requires government officials to work to find the path of development and development quickly."

butterfly   https://ninanews.com/Website/News/Details?key=924690 .....

Al-Zubaidi calls for the transfer of the approval of next year's budget to the new government

Tuesday 31 August 2021 11:14 ............ The independent candidate, Thaer Munir Al-Zubaidi, demanded the transfer of the approval of the next year's budget to the new government.

He said in a press statement that: The government does not have the right to prepare or approve the financial budget for the year 2022, especially as we are heading to the parliamentary elections.

Al-Zubaidi added that: the next financial budget falls on the shoulders of the next new government, and it is the one who decides under a vision different from the vision of this current government.

He explained that: the current government approved a budget that did not serve the Iraqi people and was not at the level of their ambition in meeting their demands and legitimate rights.

Butterfly   https://www.shafaq.com/en/Iraq-News/An-attack-targets-the-US-led-Coalition-in-Iraq-8-9 ........... An explosive device blew up on Tuesday targeting the Global Coalition in the south of Iraq.

A security source told Shafaq News Agency that the explosion occurred on Tuesday targeting a convoy carrying logistical support equipment for the US-led Coalition while passing on the borders of Al-Diwaniyah Governorate.

No causality was reported.

There was no claim of responsibility.

Earlier, the Iraqi authorities issued warnings of repeated targeting of foreign forces and diplomatic missions in the country.

On January 5, the Iraqi parliament voted by the majority to end the foreign military presence on the country's territory, following the killing of the Iranian Quds Force commander, Qassem Soleimani, and the deputy head Al-Hashd Al-Shaabi, Abu Mahdi Al-Muhandis, in an American airstrike near Baghdad International Airport.

Washington accuses armed Iraqi factions linked to Iran of being behind the attacks.

butterfly   https://www.shafaq.com/en/Economy/CBI-sales-in-the-currency-auction-rise-today-6 ................. Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $238 million in foreign currency today.

Shafaq News Agency correspondent said that CBI's sales of foreign currency in today’s auction amounted to $238,930,627.

Our correspondent explained that 19 banks and 26 exchange companies cashed $61,890,000, while the $177,040,627 went to boost funds abroad in the form of credit and non-cash transactions, with 37 banks meeting those demands.

CBI sales in the currency auction rise today

Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $238 million in foreign currency today.

Shafaq News Agency correspondent said that CBI's sales of foreign currency in today’s auction amounted to $238,930,627.

Our correspondent explained that 19 banks and 26 exchange companies cashed $61,890,000, while the $177,040,627 went to boost funds abroad in the form of credit and non-cash transactions, with 37 banks meeting those demands.

butterfly   https://www.shafaq.com/en/Kurdistan/Kurdistan-Parliament-to-resume-its-winter-legislative-session-tomorrow ............ Shafaq News/ The Kurdistan Parliament is scheduled to resume its winter legislative session tomorrow, to vote on a set of bills, the most prominent of which is the amendment of the Ministry of Finance and Economy's law.

The session will include the first reading of the amendment, and the second reading of several laws, including the second amendment to the Integrity Law. ............. more in article

butterfly   https://ninanews.com/Website/News/Details?key=924697 .................

The Taliban announces the completion of consultations to form the new government in Afghanistan

Tuesday 31 August 2021 12:56

butterfly   https://www.dijlah.tv/index.php?page=article&id=290818 ............... Oil prices fall on fears of power outages after Hurricane Ida ...........Oil prices fell on Tuesday on fears of power outages and flooding in Louisiana after Hurricane Ida will slash demand for crude from refineries as global producers plan to ramp up production.

US West Texas Intermediate crude futures were down 13 cents, or 0.19 percent, at $69.09 a barrel at 05:15 GMT, reversing most of Monday's gains.

Brent crude futures for October, due to expire on Tuesday, were down 17 cents, or 0.23%, at $73.24 a barrel, after rising nearly 1% on Monday.

The possibility that an extended refinery outage would dampen oil demand affected prices.

Hurricane Ida shutdown or curtailed production at six Louisiana refineries that process 1.92 million barrels per day of crude, about 12% of US refining capacity.

Utility officials said "catastrophic" damage to Louisiana's power grid could last three weeks, slowing efforts to repair and restart power facilities.

Doug_W   SO glad I filled my 37 gallon tank and got 5 gallons of NON ethanol for lawn tractor yesterday B4 price hikes

butterfly   Doug_W Now they are saying the prices will go down..............as usual, can't rely on it. Opec controls what they want to make, forget us people.

Doug_W   even so I am FULL iregardles   next is to fill 30# propane tanks from trip

butterfly   Doug_W Yup you are okay because we never ever know about these prices for our fuel.

butterfly   I guess I will look for some more articles to post since no one wants to chat.

butterfly  Government Spokesperson: Iraq has regained its regional role

2021-08-31 07:49   Government Spokesperson - Iraq has regained its regional roleShafaq News/ Cabinet spokesman Hassan Nazim considered, on Tuesday, that Iraq has regained its regional role through the success of its diplomatic efforts.

Last Saturday, Iraq hosted the Baghdad Conference for Cooperation and Partnership, in the presence of leaders and officials of 9 neighboring and regional countries, as well as France.

Nazim said, in a press conference after the weekly session of the Council of Ministers, that “Iraq succeeded in crowning its diplomatic efforts and restoring its regional role.”

Regarding lagging projects in Iraq, Nazim said, “We found lagging projects decades ago, and the government took bold steps regarding them.”

He pointed out that “the government has taken bold measures to combat corruption, and its achievements are known to all.”

Regarding the early elections next October, Nazim said that “the government facilitated the work of the Electoral Commission in order to be ready to complete the polling process on schedule,” noting that “urging citizens to participate broadly in the elections will resolve political reform.”

He pointed out that “Prime Minister Mustafa Al-Kazemi encouraged the easing of bureaucratic procedures that delay the completion of government work.”   shafaq.com

butterfly   Disclosure of a new American plan to stay in Iraq using an “old paper”

2021-08-31   Disclosure of a new American plan to stay in Iraq using an old paperOn Tuesday, the representative of the Al-Fateh Alliance, Hamid Al-Moussawi, revealed an American plan to stay in Iraq using the terrorist “ISIS” card, pointing out that the presence of 35,000 terrorist families in Al-Hol camp constitutes an American pressure card.

Al-Moussawi said in an interview that “the United States of America is trying to use the cards of ISIS to create chaos in Iraq,” expecting that “Washington will use the ISIS card as pressure on the government to cancel the decision to expel its forces.”

He pointed out that “the presence of 35,000 terrorist families in the al-Hol camp constitutes an American pressure card,” noting that “Washington does not want to leave Iraq bankrupt.”

And the American researcher and historian Gareth Porter, confirmed in a previous statement, that the United States wages endless wars all over the world in pursuit of the interests of its military institutions, indicating that there is a need for major shifts in public understanding to put an end to such wars.   burathanews.com

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Zig’s Place Chatroom News Monday PM 8-30-21

Zig’s Place Chatroom News Monday PM 8-30-21

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

Butterfly   Hurricane Ida raises global oil prices   Monday 30 August 2021 11:12 .... Oil prices rose today, Monday, exceeding their highest levels in more than three weeks, as a strong hurricane swept the Gulf of Mexico, closing and evacuating hundreds of offshore oil platforms.

Brent crude rose 27 cents, or 0.4 percent, to $72.80 a barrel, and rose more than 11% last week in anticipation of the disruption to oil production.  US oil turned negative and fell 6 cents to $68.52 a barrel, after jumping just over 10% over the past week.   https://ninanews.com/Website/News/Details?key=924480 ............

Hello, World!

butterfly   https://ninanews.com/Website/News/Details?key=924476 ......

Gasoline futures prices are rising and gas contracts are at their highest level since 2018 with production disruptions   Monday 30 August 2021 11:30 ...

butterfly   https://ninanews.com/Website/News/Details?key=924510 ......

Hoshyar Zebari to / NINA /: All blocs have prepared for the elections, but none of them will win the majority of votes.

Monday 30 August 2021 12:00 ................. Former Foreign Minister Hoshyar Zebari confirmed in a statement to the National Iraqi News Agency ( NINA ): "The opposition and supportive political blocs have prepared for the elections next October, but none of them will win the majority of votes."

butterfly   Well the elections should be interesting. I wonder if they will postpone them as they did the parliament yesterday because they lacked a quorum.

butterfly   https://ninanews.com/Website/News/Details?Key=924544 ....

Antiquities and Heritage of Najaf receives more than 200 archaeological finds dating back to different eras

Monday 30 August 2021 14:36   Hashem added, “These pieces date back to different historical periods, including the Babylonian and the Sassanian.”

butterfly   I remember when all of this happened. I am glad they are getting a lot of them back.

butterfly   https://www.shafaq.com/en/Economy/Iraqi-MoF-stresses-its-support-for-the-pension-fund-in-the-2022-budget-bill ....... Iraqi MoF stresses its support for the pension fund in the 2022 budget bill......... The Ministry of Finance confirmed its support of the pension fund in the country's budget for the year 2022.

Today, Minister of Finance Ali Abdul-Amir Allawi chaired the meeting of the twentieth session of the Committee for the Preparation of the Federal General Budget Strategy for the medium term 2022-2024.

A statement issued by the ministry said that the meeting discussed basic topics, including public debt.

The meeting also completed the study of the mechanism for applying the proposed budget model, and discussed ways to prepare and implement the federal budget for the next year, in line with the reform plan adopted by the Iraqi government, which aims to conclude a budget that depends on performance and productive programs, according to the statement.

In addition, the meeting discussed the allocations of the General Pension Agency within the next year's budget, while the attendees stressed their support for the pension fund.

For his part, Allawi emphasized the importance of preparing and implementing the budget bill, following the prepared strategic plans that support the reform plans, giving priority to strategic projects implemented through development loans.

butterfly   https://www.shafaq.com/en/Iraq-News/Al-Abadi-we-are-on-the-verge-of-major-collapses ....... Al-Abadi: we are on the verge of major collapses ..... Regarding the upcoming elections, Al-Abadi indicated, "I was the first to call for early elections. Clashing with protestors back in October was a dangerous matter that resulted in hundreds of martyrs."

butterfly   More than 1M in Louisana without electricity. The destruction is mind blowing. Ida is still active.

butterfly   Never to wrestle with a pig. You get dirty, and besides, the pig likes it.............George Carlin

Sheila   Very interesting Video about Disaster Capitalism: How Globalist Billionaires and Technocrats are Taking Over the Planet, and How We can Stop It -- https://www.bitchute.com/video/HROcFovg5ZWm/

butterfly   https://burathanews.com/arabic/news/398892 ....................... A legal expert clarifies the constitutionality of restoring confidence to the three presidencies

butterfly   https://burathanews.com/arabic/news/398890 .......... Criticism of a particular party's dominance of the regional parliament    2021-08-30 ....In a statement to Al-Maalouma, Abdullah said, "Citizens are in dire need at the present time for Parliament to meet and support them, against the arbitrary measures taken by the government, including the significant rise in prices for all materials, as well as taxes."

He added, "Parliament has become at the time supportive of the government, thanks to the Democratic Party's control over decisions, domination, and violation of the laws it exercises, and the arbitrary measures that are practiced against any member who tries to stand with the people."

The regional parliament is scheduled to meet again in the coming days, after a holiday that lasted for more than two weeks

butterfly   https://almawrid.news/contents/view/details?id=37476 ................. Al-Sadr's return to the electoral race frustrates Maliki's third term ...................

Against the background of the recent rapprochement between al-Maliki and Barzani, after a rupture and exchange of accusations over the past years, questions arose between the political and media circles.

Did the Kurds forget the false promises of al-Maliki? Or did he turn a new page by making concessions in exchange for guaranteeing his entry to the government palace, after spending eight years in it that witnessed pivotal events that overthrew his quest for a third term?

butterfly    There is more in the articles that I am posting with the URL.

butterfly   https://ninanews.com/Website/News/Details?key=924584 .......

Reconstruction of the Central Bank of Iraq building in Old Mosul

Monday 30 August 2021 17:42 ........ The mayor of Mosul, Zuhair Al-Araji, announced today, Monday, the start of the reconstruction of the Central Bank of Iraq building in the old Mosul.

Al-Araji told the National Iraqi News Agency ( NINA ) that "the engineering cadres in the Mosul municipality finished removing the rubble from the Iraqi Central Bank building, which was subjected to aerial bombardment during the operation to liberate Mosul from the grip of ISIS."

He added that "the sums for the reconstruction of the bank were allocated and disbursed from the sums of the reconstruction of the second phase of the reconstruction of Mosul, with a working period of about (15) months."

Dave   Started?

butterfly   Dave lol and 15 months it will take

Dave   heard they already spent billions already doing so....LOL

butterfly   https://ninanews.com/Website/News/Details?key=924603 .......

The Egyptian ambassador reveals to Nina about Egyptian projects that will provide a thousand new job opportunities in Iraq

Monday 30 August 2021 19:28 ........According to Ismail, told the National Iraqi News Agency / Nina /, that "Egypt has an important investment projects in the Iraqi provinces package", referring to work to simplify the Iraqi granting of visa procedures for Egyptians and facilitate the entry of common tourist groups. "

He added that" the problem in Iraq, he An economically strong country, but it needs to diversify sources of income and develop the economy because relying on oil alone is not enough,” indicating that “Egypt has economic capabilities that it seeks to crystallize and transfer to establish factories in Iraq that will provide a thousand job opportunities for each factory.

” He explained that “Iraq wants to be a country.” Attracting investment, and it is a matter in the hands of the Iraqis themselves."

butterfly   wait hold the bus, I just got a call and I can go to the bank.....talk later folks. Yehaw!!!!!!

Sheila   Correction: Tuesday is August 31, 2021... expecting notifications Tuesday into Wednesday... hopium abounds

NORV   There is no RV. Your wasting your time sitting here. If the dinar ever goes up it will be gradually via a float based on the success of the economy. It could take months/years to appreciate to something of value.

NORV   :Float: :Float: :Float:

NORV   The dinar is NOT a lotto ticket. There is no overnight riches

Dave   News Flash....This an op ed remark..... not as Stated by CBI

NORV   Dave No Dave its not. well over 42+ trillion dinar in circulation and the countries net worth including all minerals/oil in the ground is only 16 trillion. Those are FACTS. There is no way Iraq can significantly RV the dinar. The math does not work.

butterfly   Iraqi Dinar/US Dollar auction results for Tuesday 8-31-2021 executed today 8-30-2021

25k Iraqi Dinar notes The results of the foreign currency sale window for Tuesday, August 31, 2021, and executed today     Announcement No. (4476)   Sale date – Tuesday 08/31/2021 and executed today

the details    the amount   Total sale for the purposes of strengthening balances abroad (remittances, credits)  181,138,661    Total cash sale   58,920,000   Total total sales   240,058,661

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/1092

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Zig’s Place Chatroom News Sunday PM 8-29-21

Zig’s Place Chatroom News Sunday PM 8-29-21

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

NORV   LOP article today!

Dave   NORV ????where?    another op-ed from some economist?    or from CBI?

NORV   Delete Zeros

According to the economic advisor to the Prime Minister, Mazhar Muhammad Salih, one of the reasons for the disappearance of small groups is “the unbridled inflation that hit the Iraqi economy in the nineties of the last century, which added three digits to the Iraqi monetary unit (that is, one dinar became equal to one thousand dinars, and ten dinars became ten thousand dinars).

And so for the rest of the categories) while the small categories disappeared from circulation completely, but every 250 fils became equal to 250 dinars and was considered the smallest monetary unit in circulation today, which raised the cost of micro-transactions that mostly affect the poor segments.

NORV   LINK

He added, “In this way, monetary systems aspire to remove the burden of historical inflation from the folds of the monetary unit by resorting to deleting three zeros from the old currency to equalize the new currency with lower numbers but with the same value. Let’s say, for example, that one new dinar equals 1000 old dinars without change in value or rights. .

The accounting books, statistics, numbers and computer systems are also modified with the value of the new currency within an easy and easy reform strategy, and the countries believe that the slimming of the currency system facilitates the circulation of accounting numbers and helps to issue smaller cash denominations for very small transactions whose monetary values ​​have been destroyed by historical inflation in our country such as the dirham and others.

He said: “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.

NORV  Nope former CBI deputy gov Salih

Dave  “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 .....

NORV  1 dinar = 1000 dinar

NORV   LOP

Dave   Break out your wheelbarrows......

Zig   Here we go again....lol

NORV  :Pizza:

Dave   What about CBI's statements to increase its purchasing power.......Miss that part?

Zig   GO FLOAT!!

Dave  Zig Managed or free...2 types

NORV    Dave they can LOP and raise it. that is an increase lol

Dave   wheelbarrows fer how long?

NORV   Zig yup!

NORV  :Float: :Float: :Float:

Dave  FREE Float or MANAGED?

Zig    Free

Dave   keep asking Kap?

Dave  Zig YET CBI states Nix to that?

NORV  another good one....

Zig   Free but I think the CBI can intervene if necessary.....right Kap??

NORV    good photos!

NORV   LINK

Dave   Zig Zig Zig CBI's job not Kaps

NORV   Zig i just read the facts on how shit works

Dave   NORV HEHE fails to read CBi's statements

Zig  Dave : Kap has been studying this longer than the CBI has.....lol

NORV  http://i0.wp.com/yesiraq.com/wp-content/uploads/2021/08/maxresdefault-1.jpg?resize=696%2C392&ssl=1

Dave  DOH....I failed grade 3 3 times

Zig    I just wanna make a few bucks.....Jeez

Butterfly   Dave That is with every country.........CBI!

Zig   butterfly : Say hi to my good buddy @Kap!!!

NORV   Dave stick to CBI. They know.

Zig   butterfly : @Kap will turn out to be right after everyone doubted him....you'll see...hate it though....lol

NORV  Zig lol

Zig   Hard for one person to stand up against everyone....

NORV      LINK

NORV  The Iraqi Finance Minister supports the floating of the currency   2021-08-26 16:50:00

NORV   :Fingerscrossed:

Zig  I wanted so much to believe we would get rich quick....Sigh....oh well

NORV   :Float:

butterfly  Zig I will bring this up again from my Iraqi dealer at silvergreetings told me..........Stop listening to people (he was being polite) because NO ONE will know if or when the value of the dinar will change...........it will be international news and everyone will know at the same time.

Zig  Yeah....Yeah

butterfly  LOL

NORV  No secret military intel butterfly ?

Zig    butterfly : I bought from them too....I think i mentioned that to ya

butterfly  I am excited the progress in Iraq.............it is totally awesome..............other countries wanting to invest in Iraq.

butterfly  NORV NO

Zig   I agree....very promising

NORV   Progress is all we can ask for

Zig   It's the same old song....all we can do is wait....or sell....simple choice really  :Waiting: is what I will continue to do.....How long will my patience last??   :Don't know:   Getting tired though....

butterfly   can you continue until 2024 Zig

Zig  I suppose....lol      But I wonder how many will have sold their Dinar by then   :Think:

butterfly   https://ninanews.com/Website/News/Details?key=924429 .........................

Chairman of the Board of Commissioners: Announcing the preliminary results of the elections within 24 hours .. and the United Nations will have a greater role than before

Sunday 29 August 2021 22:41 ....................The head of the Board of Commissioners at the Electoral Commission, Judge Jalil Adnan, confirmed: "The announcement of the preliminary results of the elections will take place within 24 hours."

In a televised statement, he said: "All legal procedures and regulations have been completed," noting: "The first simulation encountered some problems that were overcome in the second."

Judge Adnan added: "The human resources for conducting the elections have been completed," noting: "The number of applicants for polling officials amounted to about 800,000, of whom 320,000 were chosen by lottery."

The Chairman of the Board of Commissioners indicated: "The United Nations will have a greater role than before in supporting the electoral process, and more than 150 international observers will be deployed throughout the regions of Iraq.'

Butterfly   https://ninanews.com/Website/News/Details?key=924435 ...............................

Taliban bans music and women's voices on TV and radio in Kandahar

Sunday 29 August 2021 23:10 ................. The Afghan Pajhwok News Agency, quoting the Ministry of Culture and Local Information, reported today, Sunday, that the "Taliban" movement banned musical compositions and women's voices on television and radio stations in Kandahar province in Afghanistan.

Raha Press also reported that "the women began to face challenges in their daily lives, despite the Taliban's promises to allow them to work and study in accordance with the provisions of Islamic law."

Previously, the "Taliban" movement stated that "the Afghan female employees of the future will be able to assume their duties after complying with the rules it sets."

The Taliban said earlier that it "intends to publicly ban music inside Afghanistan, because it considers it un-Islamic." This decision is not new to the movement, as the ban on music was among its strict rules in the 1990s, when most Forms of music, excluding religious hymns.

Butterfly   https://ninanews.com/Website/News/Details?Key=924443 .....................

Unidentified gunmen attack the office of the rapporteur of the Parliamentary Integrity Committee

Monday 30 August 2021 01:12 .................... The office of the rapporteur of the Parliamentary Integrity Committee, MP Abdul-Amir Al-Mayahi, was attacked by unidentified gunmen.

The Parliamentary Committee stated, "The office of the committee's rapporteur, Deputy Abdul Amir Al-Mayahi, located in the Abu Sakhir area, north of Basra Governorate, was attacked yesterday evening, Sunday, by unidentified gunmen who were riding in a vehicle, and they were confronted by the office's guards."

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Zig’s Place Chatroom News Sunday AM 8-29-21

Zig’s Place Chatroom News Sunday AM 8-29-21

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

Butterfly   https://ninanews.com/Website/News/Details?key=924253 ........................

Congratulating the success of the Baghdad summit.. Biden: We are committed to strengthening our bilateral relations with Iraq under the Strategic Framework Agreement

Sunday 29 August 2021 07:23 ... A White House statement quoted Biden as saying: I congratulate the Iraqi government for hosting a successful regional summit, and we seek to reduce tensions between neighboring countries.

Biden added: We will continue to stand by Iraq and work for greater stability throughout the Middle East.

He continued: When Prime Minister Mustafa Al-Kadhimi and I met in the Oval Office last month, we discussed Iraq's important role in the region and the significant efforts led by the Government of Iraq, including the Kurdistan Regional Government, to improve and strengthen relations between Iraq and its neighbors.

He said: Diplomacy should be the first tool of our foreign policy, and we are grateful to have partners who share this vision.

He added: We are committed to strengthening our bilateral relations with Iraq under the Strategic Framework Agreement.

butterfly  https://ninanews.com/Website/News/Details?key=924341 .......

Macron promises to open a French consulate in Mosul

Sunday 29 August 2021 14:00 ............. French President Emmanuel Macron promised, during his visit to the city of Mosul, that a French consulate in Yemen would soon open.

Macron said in a press statement: "The Consulate will work to follow up the reconstruction of the churches of Mosul in general, specifically the Old Clock Church, and to facilitate the reconstruction process of the Al-Nuri Mosque."

butterfly  https://www.shafaq.com/en/Iraq-News/In-Arabic-Macron-thanks-Iraqis-for-their-hospitality............... In Arabic, Macron thanks Iraqis for their hospitality ............... The French President, Emmanuel Macron, thanked the Iraqi people for the warm welcome after his visit to al-Kadhimiyah, Baghdad.

In a tweet written in Arabic, Macron said, "yesterday, I visited al-Kadhimiyah, an important spiritual shrine for the Shiite sect, to meet all the components of the Iraqi people. Thank you for your hospitality."

The Iraqi Prime Minister, Mustafa al-Kadhimi, accompanied his French guest during his tour in al-Kadhimiyah that houses the shrine of Imam Musa al-Kadhem, a notable figure from the bloodline of Prophet Mohammad.

Macron and several Middle Eastern leaders met in Baghdad on Saturday at a summit hosted by Iraq, aiming to bring neighbors to the negotiations table instead of settling scores on its territory.

butterfly  https://www.shafaq.com/en/Kurdistan/Macron-Baghdad-and-Erbil-have-a-golden-opportunity-to-uphold-ties ............ Macron: Baghdad and Erbil have a golden opportunity to uphold ties......... In a statement to journalists on the sidelines of his visit to the Grand Mosque of al-Nuri, Macron said, "I believe that there is a responsibility reposed on us to rebuild Iraq, continue the war on terrorism, secure services like education and others, and work with all the communities to achieve our goals."

"Once again, we assure you. We will be with you and help you rebuild, and build schools, hospitals, and services institutions."

butterfly   The U.S. dollar (USD) maintained the same exchange rate against the Iraqi dinar (IQD) throughout the day in the Iraqi capital, Baghdad.

On Saturday, shafaq News Agency correspondent said that al-Harithiya and al-Kifah Central Exchanges traded the USD at 147,400 IQD for each 100.

In the local markets of Baghdad, the buying and selling rates settled at 148,000 and 147,000 IQD for each 100 USD, respectively. https://www.shafaq.com/en/Economy/USD-maintains-the-same-exchange-rate-against-IQD-throughout-the-day

butterfly   The leaders of Egypt and Qatar held talks on Saturday in Baghdad, the first such meeting between the two nations’ heads of state in nearly a decade.

Egyptian President Abdel Fattah El Sisi and Sheikh Tamim, the Emir of Qatar, met on the sidelines of a summit in Iraq's capital............. https://www.thenationalnews.com/mena/egypt/2021/08/28/egypts-president-and-qatari-emir-meet-on-sidelines-of-baghdad-summit/

butterfly   looking good in Iraq...........yehaw!!!!!

butterfly   https://www.iraq-businessnews.com/2021/08/29/opinion-the-inevitability-of-crypto-in-iraq/ ........................... Opinion: The Inevitability of Crypto in Iraq ........................... Despite roadblocks, crypto is becoming increasingly popular in Iraq and the Kurdistan Region................... full article: https://www.coindesk.com/markets/2021/08/11/the-inevitability-of-crypto-in-iraq/

butterfly  https://ninanews.com/Website/News/Details?key=924358 .......................

Al-Sadr: The National Document is a first stage of political reform

Sunday 29 August 2021 15:23 ................................. The leader of the Sadrist movement, Muqtada al-Sadr, considered the document presented to him, which resulted in boycotting the elections, as the first stage of political reform.

This came in a brief statement bearing his signature and seal, the text of which stated: "This document is considered a (first stage of political reform) and there are other stages that will come successively... I hope that these points will be achieved within the specified time limit."

butterfly   https://ninanews.com/Website/News/Details?Key=924354 .........

Finance discusses the budget strategy for the years 2022-2024   Sunday 29 August 2021 15:31

butterfly   Goodness, it is hard to stop posting because it is looking good for Iraq. I will stop for now.

UNEEK   butterfly thanks for the news

butterfly   UNEEK looking good

Butterfly   A sad day for all those in florida: 14 portable morgues on way to Central Florida: ‘Number of deaths right now is unprecedented’ - Orlando Sentinel https://www.orlandosentinel.com/coronavirus/os-ne-coronavirus-morgue-relief-orange-20210827-ljpu6e3lhneshfk42cyivkbnam-story.html

Sheila    Latest hopium from Nick's Update, August 28, 2021 - Notes and Podbean links. More information on Podbean than in the summarized notes link: https://www.podbean.com/media/share/pb-i6hyc-10c7716 -- and -- Notes from Live Call Today, https://nicksintel.wordpress.com/2021/08/28/08-28-2021-notes-from-live-call-today/

butterfly   https://ninanews.com/Website/News/Details?Key=924373 .....................

Yahya Rasoul to / NINA /: Iraq will sign new contracts with France to arm the army and air force

Sunday 29 August 2021 17:36 ............................. Major General Yahya Rasoul, the official spokesman for the Commander-in-Chief of the Armed Forces, revealed Iraq's intention to contract with France to equip and arm Air Force planes and Iraqi army formations.

Rasoul said, in a statement to the National Iraqi News Agency / NINA /: "France is a superpower that participated in the fight against terrorism, and its role was clear through the air strikes of the international coalition on the hideouts of ISIS gangs, and the exchange of intelligence information with the Iraqi forces in the liberation operations."

He added, "There have been many Iraqi visits to France during the last period, as well as Iraqi-French military coordination in the fields of training and armament. We are about to organize a series of new deals and contracts in the fields of air defense and equipping aircraft to complement the arming of the Iraqi army and air force."

Butterfly   Hey Doug_W lots of good news from Iraq AND hohpe you are doing okay.

Sheila   ALL -- anyone thinking about buying Venzuela Bolivar?

Sheila   I bought little bit. Now VES is popping into many gurus conversations. Anyone have opinions on this currency?

Zig   sheila : Does @TWW have any of that?....I do not....no more currency speculation for me....lol

sheila   Zig You know I will have to ask him next time he comes into chat.

UNEEK   sheila I have not heard much about it - and have not had the interest to do any searching or buying -- I have all that I intend to have and hope and pray to exchange it very soon and be done done done - lol

UNEEK   I have dinar / dong / and 5 or 6 Zim E bonds

Sheila   UNEEK I am looking because have needed to sell dinar to supplement life expenses. Bolivar seems super cheap right now. And if it even goes back to .32 cents, that would be tremendous windfall.

Dave   Silver sure has tanked lately......

Dave   sheila thought Venezuela was undergoing sanctions currently....

Dave  https://en.wikipedia.org/wiki/International_sanctions_during_the_Venezuelan_crisis#:~:text=As%20of%20March%202018%2C%20the%20Washington%20Office%20on,revoking%20visas%20of%20718%20individuals%20associated%20with%20Maduro.

Sheila  Dave Like Iran,,, yet Rial is supposed to be part of this first basket?

Dave   know nodda about baskets........     have heard of basket cases....

Sheila   Dave think TWW might have said 209 countries signed into agreement for currency resets. guessing if that's true, the Venezuela would be in that 209?

Dave   Some say Earth is flat........

Sheila  sheila discussing apples not oranges

Dave   180ish nations affiliated with the IMF......and have convertible currencies. those nations that are not are generally being sanctioned

Sheila   Live Weather, Hurricane Ida https://www.youtube.com/watch?v=3D7pQxnOIjI

Sheila   gotta go to work. need to get ready for heavy rains coming soon

Sheila   later Dave thinking 209 includes territories which maybe don't have separate agreements with IMF.

Dave   The Security Council can take action to maintain or restore international peace and security under Chapter VII of the United Nations Charter. Sanctions measures, under Article 41, encompass a broad range of enforcement options that do not involve the use of armed force. Since 1966, the Security Council has established 30 sanctions regimes, in Southern Rhodesia, South Africa, the former Yugoslavia (2), Haiti, Iraq (2), Angola, Rwanda, Sierra Leone, Somalia and Eritrea, Eritrea and Ethiopia, Liberia (3), DRC, Côte d’Ivoire, Sudan, Lebanon, DPRK, Iran, Libya (2), Guinea-Bissau, CAR, Yemen, South Sudan and Mali, as well as against ISIL (Da'esh) and Al-Qaida and the Taliban.

Dave   Venezuela being sanctioned by Canada USA EU not by the UNSC.....

Dave   Iraq remains on the UNSC list..........

Dave   meaning......being spanked

Dave   https://www.un.org/securitycouncil/sanctions/information

Dave  mRNA cutting edge........could now create a vaccine fer cancer.......once the genetic sequencing is determined

Dave  butterfly  heres that article.... https://ca.finance.yahoo.com/news/un-panel-pays-600m-kuwait-093930646.html

UNEEK   Proposal to digitally reintroduce small denominations

Sunday 29 August 2021   382   Baghdad: Mustafa Al-Hashemi

The expert in economic affairs, Dr. Hussein Al-Khaqani, suggested to the Central Bank to digitally reintroduce small denominations, which would provide sums for the public, after amending the digital banking system. Al-Khaqani said that {small cash denominations, which are less than 250 dinars, if they are collected and accumulated annually, the citizen will get good savings from them, instead of wasting them on buying goods that are not worth their real value.

The 250 dinars. He pointed out that {the records of government departments used to contain parts of the 250 dinars currency, but they were settled and made into the currently circulating cash denominations, as imposed by reality, transactions and the public's acceptance of them. UNEEK   LINK

Dave   arrg digital.......i want LD notes and fils......

Dave  it is a start i suppose

UNEEK   :Fingerscrossed:

butterfly  Dave The U.N. Compensation Commission said it has so far paid out $51.3 billion since approving some 1.5 million claims related to the invasion by governments and international organizations in 2005.

butterfly   The rumor, which has been around for a very long time, that the world will not have any currency, it will all go digital moola.

Dave  butterfly thought you were looking for Kuwait's recent payment.......Note UNSC makes payments on Iraq's behalf......

butterfly   Dave I copied that sentence from the website you posted.

Dave   Got it wrong i said 500M.....it was 600M......OOPS

Dave   even better

butterfly   Dave yes but does not say if or when the next payment will be and how much.

butterfly   oooops, this is what happens when you are doing several things at once. This was at the end of the article.............. At the current rate of payment, the final tranche is expected to be paid within a year.

Dave   1 BILLION ISH TO GO

butterfly   So we are possibly looking at 2022 to have it all complete.

Dave   as Reported by CBI.......dont think so...in advance

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Zig’s Place Chatroom News Saturday PM 8-28-21

Zig’s Place Chatroom News Saturday PM 8-28-21

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

Butterfly   Well this is interesting: .......... Hundreds of Britons offer to host Afghan refugees after fall of Kabul….  Many have signed up with charities that connect refugees and asylum seekers with hosts around UK.......... https://www.theguardian.com/world/2021/aug/27/hundreds-of-britons-offer-to-host-afghan-refugees-after-fall-of-kabul

Zig   TWW : Hey it's been a long time since I posted your story....okay if I do?....or would you rather that I did not....you always catch some criticism and disbelief whenever I do....lol....

TWW   Zig Go for it

TWW   Zig It just might wake up many people with the meeting Kuwait, Iraq & many 'brotherly countries'

Zig   TWWlll EXPERIENCE:....... "I was learning to trade currencies in the 70's...I was working in Riyadh in 1989 for a developer, and Amed, my boss, was telling me of a 'rumor' that Kuwait was planning to 'adjust' their currency... Remember, Iraq was attacking Kuwait's oil wells... Well with the help of USA & international assistance, adjustments were about to take place... I never heard the RV by name, just an 'adjustment'...

Their currency at that time was .05... While there I bought quite a bit of their currency, quite a bit in Riyadh... I was back in Honolulu around March when my currency broker from the past called me at home, and mentioned that Kuwait's currency adjusted to a higher value, 3.47 USD...

I called my bank, Bank of Hawaii, and they confirmed... So I went with my bills and cashed them in... I had to show my passport with the date when I was in Egypt... it was my former boss in SA that called about their RI/adjustment then I went through his broker... It went from 0.05 to 3.47 USD... It was just an exchange, no tax.

There is more to the story but this should give you enough to share at this point... It did happen no matter what the so-called Gurus are telling you."

TWW   Give us a link so we can tell if this quote is fake or real: "Judy Note: On the morning of Fri. 27 Aug, a Bond Holder received this email: “Dignitaries from nearly every country around the world were now heading to Iraq for a currency revaluation celebration this weekend! Confirmation came this morning that we are getting the first funds access on the morning of Tues. 31 Aug. It looks like 31 Aug. 2021 will be the release of the first funds. It makes sense: 8/31/2021, with the digits added = 8+3+1+2+0+2+1=17.” LINK PLS JUDY

butterfly   TWW I have found throughout the years that there is never a link to what people post. I don't think there will be one for this opinion also.

Dave  Hope that Baghdad conference pans out better than the Kuwaiti one from last year....

butterfly  https://ninanews.com/Website/News/Details?key=924181 ............................ An economic expert to / NINA /: The Baghdad summit is a historic event to change the economic path and create an economic partnership to attract foreign investments

Saturday 28 August 2021 19:50 ........ The expert in economic affairs, Jamal Shaker, confirmed that Iraq's hosting of the Baghdad conference is a historic event to change the course of the political and economic process and create a national economic partnership to attract foreign investments.

And he said in a statement to the National Iraqi News Agency / NINA / today that Iraq's hosting of the Baghdad Summit Conference is a bold step for Al-Kazemi's government after the collapse of the world's economies due to the Corona pandemic to achieve gains and investments that will enter the country after the region witnessed security stability. Indicating that the Baghdad conference will restore Iraq to its normal position and reconstruction in various vital sectors.

He added that the Arab presence on the land of Iraq will open an economic and investment window to achieve joint cooperation in supporting investment opportunities for companies wishing to invest while creating youth energies to work according to the requirements of the next stage. Pointing out that the Iraqi government's understandings with the Arab world will give the Iraqi people a glimmer of hope towards a bright future

butterfly   Sorry for the 2 long tweets Zig but I feel they are important: IMF: Iraq’s share of special drawing rights amounted to more than two billion dollars   

2021-08-28 05:20    IMF - Iraqs share of special drawing rights amounted to more than two billion dollarsShafaq News/ The International Monetary Fund announced on Saturday that Iraq’s share of the IMF’s Special Drawing Rights amounted to more than $2 billion.

The International Monetary Fund announced that Special Drawing Rights (SDRs) were effective for all 190 members, equivalent to about $650 billion, on August 23, 2021.

The fund said in a report seen by Shafak News Agency; “Iraq’s share of the IMF’s Special Drawing Rights amounts to 1.594,700,000 billion units, equivalent to two billion and 264 million and 742 thousand dollars out of its financial share in the fund of 0.35%,” noting that “these financial allocations to Iraq came in accordance with its current shares in the Fund.” .

The fund indicated that “this allocation will benefit all members to address the long-term global need for reserves, build confidence, enhance the resilience and stability of the global economy, and will especially help the most vulnerable countries struggling to deal with the impact of the COVID-19 crisis.”

The International Monetary Fund, under its founding agreement, may distribute allocations from the Special Drawing Rights to member countries in proportion to their membership quotas, and this distribution allows each member country to obtain an international reserve asset without cost or conditions.   shafaq.com

Dave   ...another term fer Maliki..........?........White Paper to root out corruption....HMM???

Dave  oops....sorry that was political

Zig   "The Arab presence on the land of Iraq will open an economic and investment window to achieve joint cooperation in supporting investment opportunities for companies wishing to invest while creating youth energies to work according to the requirements of the next stage. Pointing out that the Iraqi government's understandings with the Arab world will give the Iraqi people a glimmer of hope towards a bright future".........That is what we hope to see as far as our investment goes as well... IMO

Zig   Dave : Maliki has 9 lives....must have "juicy" pictures hidden of some peeps there....LOL

butterfly  Zig agree, things are looking up for Iraq and if they are a stable country, then things will look good for us. As the IMF stated in an article I posted some months ago, they look for Iraq to be more stable in 2024.

butterfly   Maliki is a hold over of the mindset while Saddam had control.

Zig  He must have a fortune hidden away

Dave  Maliki a Multi Billioaire......

butterfly  This is the latest what I found about Iraq paying off Kuwait: https://www.aa.com.tr/en/middle-east/iraq-says-paid-50-bln-in-war-reparations-to-kuwait/2161854 ....................... Iraq says paid $50 bln in war reparations to Kuwait -Iraqi adviser says country’s dues to Kuwait amount to $2.5 billion

02.03.2021...... Iraq has so far paid $49.5 billion in war reparations to Kuwait, an Iraqi official said on Tuesday.

“Iraq’s dues now amount to only $2.5 billion,” Mazhar Salih, an adviser to the prime minister, told Al-Sabaah newspaper.

In 1991, the UN obliged Baghdad to pay $52.4 billion in compensation to individuals, companies, governmental organizations, and others who incurred losses resulting from the Iraqi invasion of Kuwait.

Salih said the Iraqi government is deducting 3% of oil revenues to pay the remaining compensation to Kuwait following the 1991 Iraqi invasion of its Gulf neighbor.

“The remaining war reparations are expected to be paid within a year or so,” he said.

In May 2020, Iraqi lawmaker Hanin Qaddo told Anadolu Agency that Baghdad had asked Kuwait to postpone the payment of $3.7 billion in war reparations to the Gulf state.

butterfly  I have not found anything stating they have paid the 2.5B yet.

Dave  did pay 500million a few mos ago

butterfly  Dave really? do you have a link?

Dave  posted it mos ago.....

butterfly  rats

butterfly I was staying away because of all the "crap" that was going on in here.

Zig  Dave : Well go and find it again!!.... :Waiting: Make it fast!!.....lol

Zig TWW...his experience making some dough with the Kuwaiti Dinar....Scroll up to read his story...:Yes:

butterfly  If you have a lot of time on your hands, you can read this about Iraq and Kuwait: https://www.un.org/en/sc/repertoire/89-92/Chapter%208/MIDDLE%20EAST/item%2022_Iraq-Kuwait_.pdf

Dave  Zig would but looking at buying a car......

Dave  Zig Kuwait killed their currency after Saddam invaded to prevent looting of funds and reintroduced after the threat was gone

Zig  And some people took advantage of that....like TWW

Dave   HOW?

Dave   Kuwait let Saddam take their cash and exchange it...,thought Kuwait changed their old currency to new to prevent this?

Dave  Saddam did steal plenty of bullion

Dave  so the story goes

Dave  Kap called that a RV fer Kuwait..........

Zig   Dave : So you doubt @TWW story I suppose

Dave   may have been a very narrow window....possibly???

butterfly   https://ninanews.com/Website/News/Details?Key=924249 ..........................

The Kuwaiti Crown Prince congratulates the Presidents of the Republic and the Ministers on the successful convening of the Baghdad / Expanded Conference    Sunday 29 August 2021 00:01

butterfly   https://ninanews.com/Website/News/Details?Key=924252 .....................

Al-Kazemi and Macron visit the shrine of the two Imams, peace be upon them   Sunday 29 August 2021 01:25

butterfly   https://www.dijlah.tv/index.php?page=article&id=290745 ........................... Electricity announces the creation of a center for renewable energy............................. Today, Saturday, the Ministry of Electricity announced the creation of a center for renewable energy, while confirming that the signing of an agreement with a Chinese company to establish plants to generate it through solar energy is an important achievement.

The official in charge of the affairs of the Ministry of Electricity, Adel Karim, said in a statement that "the ministry has created a center for renewable energies by collecting competencies in this center and is supervising its work."

He added, "Signing the agreement with Power China will show the public opinion and the international community that Iraq is serious towards benefiting from renewable energies, and that the Iraqi government's policy will provide energy to citizens in any form and anywhere within renewable energy."

The Ministry of Electricity had signed an agreement with the Chinese company to establish "2000 megawatts", and in the first phase, "750 megawatts" would be established in Samawah province, in the presence of Prime Minister Mustafa Al-Kazemi.

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Zig’s Place Chatroom News Saturday AM 8-28-21

Zig’s Place Chatroom News Saturday AM 8-28-21

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

Butterfly   https://ninanews.com/Website/News/Details?key=923985 .....

An economic expert to / NINA /: The Baghdad conference will contribute to attracting Gulf investments to Iraq ...... Qusay said in a statement to the National Iraqi News Agency / NINA / that "Iraq seeks, through the Baghdad Conference 2021, to open a window for partnership and integration with neighboring countries and regional and international partners.

It is clear that there is a great opportunity to support the project of political, security and economic stability." He added that "Iraq has untapped resources in all sectors, which can be invested to stimulate the gross domestic product to reach 500 billion dollars annually." more in article...

Butterfly   Quite arise............... https://ninanews.com/Website/News/Details?key=923902 ..............

Basra crude rises to more than 10% in a week ................................... Oil prices recorded the biggest weekly gain in more than a year, as energy companies began stopping US production in the Gulf of Mexico before a major hurricane is expected to hit the region early this week, with Basra crude rising more than 10% in a week.

As Basra crude rose $1.67, or 2.34%, to $72.95, recording a weekly profit of 10.15%.

The Saudi Arabian crude also witnessed a rise of 0.83% to reach $72.81, and the Emirati Murban mix rose by 0.82% to reach $71.38.

Brent crude rose 11% during the week, recording $72.70 a barrel, its highest profit level in a year.

The US West Texas Intermediate crude was settled at a rise of $1.32, or 2%, to $68.74 a barrel, gaining 11% during the week.

butterfly   There is a lot of this going on for Iraq............ https://ninanews.com/Website/News/Details?key=924078 .....

President of the Turkish Journalists and Publishers Association to / NINA /: “The Baghdad Conference for Cooperation and Partnership” is a qualitative leap in the region and the world ........

Burhan said, in a statement to the National Iraqi News Agency ( NINA ), that "this conference in Baghdad is a qualitative leap at the level of the region and the world, because Iraq is a country that emerged from the war victorious against terrorism," noting that "the situation in Afghanistan, Syria and Iraq reflects negatively on conflicts." in the region." ..............more in the article

butterfly   https://www.shafaq.com/en/Iraq-News/Macron-Baghdad-Conference-is-a-victory-for-Iraq ....... Macron: Baghdad Conference is a victory for Iraq ........... Shafaq News/ On Saturday, French President Emmanuel Macron considered holding the Baghdad Conference for Cooperation and Partnership a "victory for Iraq" while indicating that France will remain supportive of restoring Iraq's stability and maintaining its security.

During his participation at the Baghdad Conference for Cooperation and Partnership, Macron said that "the Baghdad conference reflects a desire to enhance relations," stressing that "Paris and Baghdad continue joint coordination in the fight against terrorism."

Regarding the holding of the Iraqi elections, the French president pointed out that "the United Nations and the European Union will observe the elections to ensure their integrity and transparency," noting that "holding the parliamentary elections on schedule is a victory for Iraq."

Macron continued, "The upcoming parliamentary elections will move Iraq to a new stage, and France refuses to interfere in Iraq's internal affairs and fully supports it."

The French president concluded, "Our presence in this conference is an honor for us, and France is supportive of all countries in the region."

butterfly   Shafaq News/ Dollar exchange rates dropped today, Saturday (28 August 2021), on the Iraqi market.

• Kifah Stock Exchange has registered 147,400 dinars for $100.

• The Al-Harthiya Exchange has registered 147,400 dinars for 100 dollars.

In Baghdad  The Selling prices at bank stores on local markets:

•Sale price: 148,000 dinars per $100.   • Purchase price: 147,000 dinars per $100. .

 https://www.shafaq.com/en/Economy/Dollar-exchange-rates-in-Iraq-5-8-8

Butterfly   https://ninanews.com/Website/News/Details?key=923875 ....................

Kuwait denies targeting a US base with missiles launched from Iraq

Saturday 28 August 2021 09:54 ................................... The General Staff of the Kuwaiti army denied targeting an American base with missiles launched from Iraq.

The Chief of Staff said in a tweet on Twitter: "There is no truth to what is being circulated through the various media about 3 missiles that crossed the skies of the Kuwaiti border, heading and targeting the vicinity of an American base."

And she stressed: "The Kuwaiti border is stable and secure, and there have been no accidents."

Butterfly    This mission has been completed as promised......................... https://ninanews.com/Website/News/Details?key=923834 ...................

US military plans to target ISIS in Afghanistan

Friday 27 August 2021 20:37................... The White House stated that: Military leaders informed President Biden of the existence of military plans to target ISIS in Afghanistan./

He added in a statement that: Biden granted military leaders full authority to launch the military operation and protect US forces.

The terrorist organization ISIS had claimed the double attack that took place in the vicinity of Kabul Airport, on Thursday, and killed about 100 people, including 13 American soldiers.

Butterfly   https://rawabetcenter.com/archives/133845 ..................... The countries participating in the "Baghdad Conference" unanimously agree on the importance of supporting Iraq

- Two Hours Ago ...................... The countries participating in the Baghdad conference to enhance cooperation and partnership unanimously agreed on the importance of supporting Iraq during the next stage and contributing to its reconstruction.

In his speech, French President Emmanuel Macron said that holding the Partnership and Cooperation Conference in Baghdad "is a victory for Iraq."

"We support Iraq's sovereignty in order to ensure its security, we support the Iraqi people in the field of reconstruction, and we continue the war on terrorism," he added.................more in article..........worth the read.

butterfly   https://nasnews.com/view.php?cat=68456 ............................ Nass" publishes the final statement of the Baghdad Conference for Cooperation and Partnership

2021.08.28 - 18:08........................The participants renewed their "support for the Iraqi government's efforts to strengthen state institutions in accordance with constitutional mechanisms, to hold parliamentary elections that represent the Iraqi people, and to support Iraq's efforts to request international monitoring to ensure the integrity and transparency of the expected voting process."

They acknowledged that "the region faces common challenges that require the countries of the region to deal with it on the basis of joint cooperation and mutual interests and in accordance with the principles of good neighborliness, non-interference in the internal affairs of countries and respect for national sovereignty." more in article

Butterfly   Oh good grief.......that seems to stick around way toooooo long: Hoshyar Abdullah: Barzani Promised Al-Maliki A Third Term

August 27, 2021   al-MalikiThe Independent/ – Representative Hoshyar Abdullah confirmed that the head of the Kurdistan Democratic Party, Massoud Barzani, promised the former Prime Minister and leader of the State of Law coalition, Nuri al-Maliki, two things during their meeting in Erbil.

Abdullah said in a tweet published today: “According to informed sources, during his visit to Erbil, Barzani promised al-Maliki in principle with two things: the first: to support him in holding the elections on time, the second: he does not have any veto or objection to the third term of al-Maliki.”

He added: “By the way, yesterday, there was an artificial media war between them that lasted for years, causing strife.”    mustaqila.com

Butterfly   https://mustaqila.com/%d8%a7%d9%84%d8%ad%d9%83%d9%88%d9%85%d8%a9-%d8%a7%d9%84%d8%a7%d9%85%d8%b1%d9%8a%d9%83%d9%8a%d8%a9-%d8%aa%d8%ae%d8%b5%d8%b5-%d8%a7%d9%83%d8%ab%d8%b1-%d9%85%d9%86-5-%d9%85%d9%84%d9%8a%d9%88%d9%86-%d8%af/  ....

The US Government Allocates More Than 5 Million Dollars To Support The Iraqi Elections ........ She said that the United States, along with its coalition partners and the North Atlantic Treaty Organization (NATO) mission in Iraq, will continue to train and advise the Iraqi security forces and empower them in the war on terrorism, and build their capabilities to confront future threats. She also called for the perpetrators to be held accountable, stressing support for free and fair elections in Iraq. And she said that Washington is preparing for a new phase of the campaign to defeat ISIS, led by Iraq and its people.

Zig   Maliki must have dirt on a lot of people....lol....afraid of him and what he might reveal....

butterfly   If true, he could be taken out very easily in Iraq.

Butterfly   Well this is interesting: ................. Hundreds of Britons offer to host Afghan refugees after fall of Kabul   Many have signed up with charities that connect refugees and asylum seekers with hosts around UK

https://www.theguardian.com/world/2021/aug/27/hundreds-of-britons-offer-to-host-afghan-refugees-after-fall-of-kabul

Zig   If you access this chat via https://my.cbox.ws/ZIGPLACE  

You can make the box much bigger by clicking this link ZIGPLACE - Cbox

Zig’s Place Chatroom News Friday AM 8-27-21

Zig’s Place Chatroom News Friday AM 8-27-21

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

Butterfly   https://ninanews.com/Website/News/Details?key=923586   ...................  Finance Minister: The process of changing the dollar exchange rate contributed to the reform of the economic system / expanded ... He said, "The 2022 budget will be presented within 3 weeks to the Council of Ministers."

Butterfly   https://ninanews.com/Website/News/Details?key=923794 ................... Agency / NINA / publishes the text of Al-Sadr's speech in the presence of all the Sadrist movement's candidates in the upcoming elections./Expanded

butterfly   Iraqi Finance Minister "Supports Floating Exchange Rate" for Dinar ................ https://www.iraq-businessnews.com/2021/08/27/iraqi-finance-minister-supports-floating-exchange-rate-for-dinar/   ..........................   Iraq's Deputy Prime Minister and Finance Minister has reportedly said that he supports a floating exchange rate for the Iraqi currency, the dinar.

Shafaq quotes Ali Allawi (pictured) as telling a press conference on Thursday that the Central Bank of Iraq (CBI) intervenes occasionally to keep the dinar in the range of plus or minus 5 percent, adding:

"The exchange rate is not sacred as it was before. Fixing the rate leads to the accumulation of economic problems and explosion later."    (Source: Shafaq)

butterfly   https://shafaq.com/en/Economy/Iraq-s-Minister-of-Finance-supports-floating-exchange-rate ..................    Iraq's Minister of Finance supports floating exchange rate............................ Shafaq News/ Iraq's Minister of Finance, Ali Abdul Amir Allawi, said on Thursday that he supports adopting the floating exchange rate policy in Iraq.

"The Iraqi currency is fluctuating, but the Central Bank intervenes from time to time to keep it in the range of plus or minus 5%," Allawi said in a press conference on Thursday.

"The exchange rate is not sacred as it was before. Fixing the rate leads to the accumulation of economic problems and explosion later."

"The Central bank's policy is to maintain this rate and keep the gap between the official price and the market at a tolerable range," he noted, "fixing the exchange rate is vital except in the case of economic indicators that push you towards change."

A floating currency is a monetary system that is not backed by gold or assets and tends to fluctuate in value due to supply and market expectations. Its value is also determined by global demand and the level of foreign reserves.

butterfly  There ya go...........good news..............bad news, we wait and see.

butterfly   https://shafaq.com/en/Economy/Iraq-does-not-need-IMF-loans-Minister-Allawi-says     .............  Iraq does not need IMF loans, Minister Allawi says ..............  Shafaq News/ Iraq does not need funding from the International Monetary Fund(IMF), Minister of Finance Ali Allawi said on Thursday, deeming the relation with the fund as "every good".

In a press conference held earlier today in the Ministry's headquarters, Allawi said, "at the moment, we do not need loans from the IMF. Earlier, we needed four billion for financial reform after the improvement of the financial situation."

"Fund can be obtained from the IMF via several routes: the first is Coronavirus, but we did not need it. The second is the financial reform funds, which we needed. The third is sought to cover massive financial deficits, but we did not need it as well."

UNEEK   And a little more news ......... The Minister of Finance talks about the process of changing the exchange rate of the dollar

Thursday, 08-26-2021, PM 2:51 Karar Al Asadi 2271  Today, Thursday, Finance Minister Ali Allawi announced that the process of changing the exchange rate was not easy, and while he indicated that Iraq came out of the difficult economic situation safely, he revealed the reasons for the delay in paying salaries.

Allawi said in an interview with a number of media outlets, "Iraq's financial policy during a year and a half went through five exceptional circumstances," noting that "entering at the beginning of the government's work, there was no financial safety valve."

He pointed out that "the Iraqi economy has changed since 2019 and the obligations of the previous government, and the Corona crisis led to the collapse of oil prices and increased unemployment," noting that "the government's policy worked to control expenditures and thus reflected on state revenues."

He added, "The process of changing the exchange rate was not easy, but the fiscal and monetary policy is reformist and it must be continued.

The reform process is correct and started with banks and customs," stressing that "the fiscal policy aims to balance oil and maximize other resources."

He pointed out that "the process of changing the dollar exchange rate should have taken place years ago, which reflects something beneficial to reform the economic system, as it is not possible to create an incubating environment for a private economy without the government's ability to change the distortion of public finance."

And he indicated, "The exchange rate reflects many issues and its rise is beneficial for some economic sectors," noting that "the process of changing the exchange rate was wanted to create a competitive atmosphere in Iraq, especially since today there is a balance between demand for currency and supply."

UNEEK   You can read the remaining text / info here: https://non14.net/139487

UNEEK   Iraq: AL-KAZEMI PROMISES TO PRESENT THE REFORM PAPER TO THE POLITICAL FORCES TO BECOME A COVENANT AND A NATIONAL CHARTER

Friday, August 27, 2021 1:19 PM Baghdad / National News Center

Today, Friday, Prime Minister Mustafa Al-Kazemi promised to present the reform paper to the political forces, so that it would become a national pledge and charter.

Al-Kazemi said in a tweet to him on the Twitter platform: "I was impressed by the proposals presented by the National Dialogue Conference in Baghdad, which included social, professional, cultural and youth figures from all provinces and the reform paper that they voted on." 

He added, "I promised to draw inspiration from the contents of this paper and submit it to the political forces to become a national pledge and pact that provides an atmosphere of confidence to contest the elections." https://nnciraq.com/82633/

butterfly   UNEEK    :Fingerscrossed:

butterfly   present the reform paper to the political forces, so that it would become a national pledge and charter.

butterfly   https://ninanews.com/Website/News/Details?key=923830 ..........  Asaad Al-Abadi: The decision to return the Sadrist movement to the elections came as a result of a reform paper for all political blocs

butterfly   The political representative of the Sadrist movement in Basra, MP Asaad al-Abadi, affirmed that  "the decision to return the Sadrist movement to the elections, which was launched by Mr. Muqtada al-Tadr, came as a result of a reform paper for all political blocs.

He said in a press statement that al-Sadr crossed through the reform paper for those who trust him and those who trust him." He works with him to make the reform project a success, pointing out that the million-strong crowd and the base that believes in what the reform leader, Mr. Al-Sadr decides, are all factors of the Sadrist bloc’s success, advancing the reform project, establishing the rule of law and providing a decent life for the Iraqi people.

Al-Abadi added, “We all have high confidence in Mr. Al-Sadr and in everything he proposes from Before him and the steps he takes are in the interest of the people.

The leader of the Sadrist movement, Muqtada al-Sadr, announced today, Friday, participation in the upcoming elections.

Al-Sadr called on his followers to stand by a million people to participate in the elections to prove that they are the largest bloc, provided that they adhere to the election project.

butterfly   Sorry for the long post but it is getting exciting..............

butterfly   https://ninanews.com/Website/News/Details?key=923836 ...............

The UN Security Council condemns the disgraceful acts against civilians at Kabul airport

butterfly   https://ninanews.com/Website/News/Details?Key=923834 ...................

US military plans to target ISIS in Afghanistan

butterfly   https://shafaq.com/en/Economy/Gold-pauses-retreat-as-investors-lock-in-on-Fed-s-Jackson-Hole-event .......................... Gold pauses retreat as investors lock in on Fed's Jackson Hole event ............................. Bullion slipped as much as 1.2% and below the key $1,800 mark on Wednesday as a stronger dollar dented its appeal.

butterfly   https://shafaq.com/en/Economy/Oil-jumps-as-storm-approaches-Gulf-of-Mexico-production-hub ........... Oil jumps as storm approaches Gulf of Mexico production hub................... "Energy traders are pushing crude prices higher in anticipation of disruptions in output in the Gulf of Mexico and on growing expectations OPEC+ might resist raising output given the recent Delta variant impact over crude demand," Edward Moya, senior market analyst at OANDA told Reuters.

Brent crude futures rose 98 cents, or 1.4%, to $72.05 a barrel at 0542 GMT, after falling 1.6% on Thursday.

U.S. West Texas Intermediate (WTI) crude futures climbed 93 cents, or 1.4%, to $68.35 a barrel, clawing back a 1.4% loss on Thursday. more in the article

Dave   Good news.......Thanx Ladies....

Dave   not really sure their meaning of Covenant.......

butterfly  Dave it is the waiting game.............again.

Dave   No major laws to be passed with this Interim Govt though......

butterfly   Dave guess we will have to wait on that also.

Butterfly   last post from the parliament.............. https://en.parliament.iq/2021/08/25/al-kaabi-only-vaccination-will-end-the-ferocious-spread-of-covid-19-in-iraq/ ....................... Al-Kaabi: Only vaccination will end the ferocious spread of COVID-19 in Iraq   25/08/2021\\

Dave   only in Iraq?

butterfly   lol

Butterfly   This is the last article from here............................ https://gds.gov.iq/the-prime-minister-we-are-working-to-create-a-suitable-atmosphere-for-the-implementation-of-the-white-paper/ ......................... The Prime Minister: We are working to create a suitable atmosphere for the implementation of the White Paper 03 Aug 2021 - 12:13 pm

Dave   Al-Kazemi comments on the return of Al-Sadr: Iraq first.......

butterfly   https://ninanews.com/Website/News/Details?Key=923848 ...........................

The Secretary of State makes a phone call with the US National Security Adviser ....................... Minister of Foreign Affairs Fouad Hussein made a phone call to the US National Security Adviser, Jack Sullivan.

Hussein, according to a statement by the ministry, offered condolences to the US government for the fall of a number of American soldiers, in addition to a number of Afghan citizens, following the bombing that took place yesterday in the Afghan capital, Kabul.

Dave   Corruption seems to nunber1 on the agenda of this Covenant.....

Dave   butterfly Afghanistan safe haven for all terroists.......have boots on the ground in Pakistan.......thats scary......they have BIG BOMBS

Dave   Taliban Labelled a terrorist organization by the UN

Dave   heard nodda from the UNSC

butterfly   Dave no matter what happens in Afghanistan it was going to happen, no matter who decided to bring these people home. These Taliban people are totally nuts, sorry to post this but I bet they even make love to their guns.........they know no other way but to kill.

Dave   Treat their Dogs better than women

butterfly   Hate begets Hate.

Dave   Like their Dogs.....

butterfly  Yuppers totally agree and if you have noticed most men won't protect their women or children.....

Butterfly   https://ninanews.com/Website/News/Details?Key=923873 ............

Al-Kazemi and Macron hold an official meeting at Baghdad Airport

Saturday 28 August 2021 01:10 .............. Prime Minister Mustafa Al-Kazemi and French President Emmanuel Macron held an official meeting in the grand hall of honor at Baghdad International Airport, before the start of the work of the Baghdad Conference for Cooperation and Partnership this morning.

butterfly   Cooperation and Partnership

NORV   Why does Iraq not have a small currency? An economist answers!

08/26/2021 01:38:59 PM  special/ range   Today, Thursday, the economic expert, Salama Sumaisem, revealed the reasons for the disappearance of small currencies in Iraq.

Sumaisem said in an interview with (Al-Mada), that "Iraq does not have the small currency for many reasons, the most prominent of which is borne by the former regime."

She added that "the decline in the value of the Iraqi dinar in the nineties of the last century due to the embargo forced the government to print the currency illegally in order to pump more to cover the financial deficit at the time, which resulted in the disappearance and decay of the small currency."

She pointed out that "presenting small currencies now needs two things, the first of which is to control inflation in the markets, and this matter is very difficult to control by the government, especially after the step of devaluing the Iraqi dinar."

Sumaisem explained, "The second thing is the need to restructure the Iraqi monetary system, and this requires a very flexible monetary policy in order to achieve this."   https://almadapaper.net/view.php?cat=245959

NORV   Sumaisem explained, "The second thing is the need to restructure the Iraqi monetary system, and this requires a very flexible monetary policy in order to achieve this."

Zig   NORV :    :Hi: @Kap!! NORV is the well-known @Kaperoni in case some readers don't know that....

sheila   A little music while we wait: Please Don't Let Me Be Understood by The Animals - https://www.youtube.com/watch?v=Bw7RTUEZMyg

butterfly   Zig Well NORV always talks about the float so I guess we will see...............

Zig   The float scenario is not popular among Dinarians who want to get rich overnight.....lol

butterfly   I don't care if it takes weeks/months/years...........just give me some ** money lol

Zig   :Yes:

butterfly   Did you see where France is wanting to partner with Iraq? Another country.......one by one.

Zig   Yeah...many countries have interest which is great....they see what the future may bring....

butterfly   I hope we are all alive to enjoy it.

Zig   :Fingerscrossed:

Butterfly   https://ninanews.com/Website/News/Details?key=923843 ......................................

The Municipality of Baghdad completes its preparations to host the capital, the Baghdad Summit for Cooperation and Partnership

Friday 27 August 2021 21:36 ........It is noteworthy that the Baghdad Conference for Cooperation and Partnership, called by Prime Minister Mustafa Al-Kazemi, will start its work tomorrow, Saturday, in the presence of many leaders of the region and the world, and is an important event for Iraq and the entire Middle East.

sheila   This is a long update. Hopium All Around Us: Nick's Update, Friday, August 27, 2021 -- https://www.youtube.com/watch?v=UMVjToYOjbM

butterfly   A school district opted out of free and reduced-price meals, saying students could “become spoiled”..................... https://www.washingtonpost.com/education/2021/08/27/waukesha-wisconsin-schools-reject-federal-program/?utm_medium=social&utm_campaign=wp_main&utm_source=twitter ........... if you hate children so bad, stop having them. Good grief this is so heart sickening.

Zig   If you access this chat via https://my.cbox.ws/ZIGPLACE  

You can make the box much bigger by clicking this link ZIGPLACE - Cbox

Zig’s Place Chatroom News Wednesday AM 7-28-21

Zig’s Place Chatroom News Wednesday AM 7-28-21

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

sandyf   Just the first in a long line of steps "The Chairperson of the Working Party, Ambassador Omar Hilale (Morocco), who is currently based in New York, visited Geneva on 16-18 June. Building on his earlier visits, the purpose of the Chairperson's meetings in Geneva was to identify steps and mobilise support in relaunching Iraq's accession process which had been challenging due to the security situation in the country.

During his visit, the Chairperson met with: Iraq's new Ambassador Abdul-Karim Hashim Mostafa in Geneva; WTO Director-General, Dr. Ngozi Okonjo-Iweala and Deputy Director-General Zhang Xiangchen; the Executive Director of the International Trade Centre (ITC), Ms. Pamela Coke-Hamilton, and Acting Secretary-General of the UN Conference on Trade and Development (UNCTAD), Ms. Isabelle Durant. Moreover, he held several bilateral meetings with WTO Members, and with representatives of the World Bank.

The Chairperson left Geneva with a very positive assessment of Iraq's accession process. He felt that there was a renewed political engagement from the Iraqi government, as well as from the mission in Geneva. He believes that as soon as the Secretariat receives the necessary negotiating inputs, the 3rd Working Party meeting could be held before the end of 2021." https://mailchi.mp/wto/wto-accessions-newsletter-n-105-july-2021-6184177?e=9c067e1dee#IRQ

butterfly   sandyf thanks

butterfly   KRG receives share of Federal Budget, ends Salary Cuts.......28th July 2021......Prime Minister Masrour Barzani on Sunday led a meeting with the Kurdistan Region's Economic Council to address the resumption of full salary pay for government employees.

Prime Minister Barzani reiterated that the KRG pays salaries from available revenue, and that they can do so more reliably if the Iraqi government upholds their budget commitments.

The Council stated that they are preparing to distribute full salaries without any cuts following the federal government's release of 200 billion dinars to the Kurdistan Region.

The positive effects of the KRG's efforts in internal reforms and revenue collections were another point of discussion.   (Source: KRG)

butterfly   Transporter Named for Iraqi Oil Exports to Jordan...........28th July 2021 .............The Jordanian Ministry of Energy and Mineral Resources has announced that Burj Al Hayat Transport and Trading Company has been awarded a tender to transport Iraqi crude oil to Jordan.

The company will be responsible for transporting 10,000 barrels of crude oil per day from Iraq's Baiji oil refinery to Jordan's Petroleum Refinery Company in Zarqa, covering 7 percent of the Kingdom's daily demand with a discount of $16 from the price of Brent crude per barrel.

"The door-to-door shipping process begins in the coming two weeks, with 50 percent of daily imports transported via Iraqi and Jordanian tanker trucks," according to a statement by the Ministry.

(Source: Govt of Jordan)

butterfly  UK's Proserv Wins Contract at Majnoon Oilfield...........28th July 2021......UK-based global controls technology company Proserv Controls has secured a significant contract to manufacture and deliver 22 wellhead control panels (WHCP) to the Basra Oil Company (BOC) for use on the Majnoon Oil Field in southern Iraq.

The deal has been arranged through KBR, the Houston based engineering, procurement and construction management (EPCM) company, which is the EPCM lead on BOC's plans to significantly ramp up production capabilities at the field.

The 22 WHCPs each has the capability of controlling up to four wells and they have been earmarked for use on 70 new wells which are currently in the development phase. At present, Majnoon has a capacity of just over 200,000 barrels per day (bpd) of production, but BOC's strategy is to more than double this to above 400,000 bpd in the next two years.

Proserv will deliver the WHCPs in three lots, with the first due towards the end of Q3 2021, with the second scheduled for Q4 and the final tranche set to arrive in March 2022.

The firm will make use of its well-developed footprint in the Arabian Gulf to deliver this order, with the WHCPs being manufactured at Proserv's dedicated site in Jebel Ali, Dubai.

The value of the contract has not been disclosed.    (Source: Proserv Controls)

butterfly   Kadhimi "wants US Firm to replace Exxon" at West Qurna 1............28th July 2021...........According to a report from Reuters, the Iraqi Prime Minister Mustafa al-Kadhimi has told the press in Washington DC that he wants another American company to replace ExxonMobil when it exits the West Qurna 1 oilfield.

Meanwhile, S&P Global Platts reports that Exxon filed an arbitration case against the state-owned Basra Oil Company (BOC) related to its stalled attempt to sell its stake in the field.

More here and here. https://www.reuters.com/world/middle-east/iraq-wants-american-firm-replace-exxon-prime-minister-says-2021-07-27/ .............. https://www.spglobal.com/platts/en/market-insights/latest-news/oil/072621-exxonmobil-seeks-arbitration-against-iraqs-boc-over-stalled-west-qurna-1-stake-sale

Read also: The Demise of ExxonMobil in the Iraqi Petroleum Sector . (Sources: Reuters, S&P Global Platts)

 https://www.iraq-businessnews.com/2021/04/29/the-demise-of-exxonmobil-in-the-iraqi-petroleum-sector/

xyz   Immunity of Central Bank of Iraq funds abroad

The legal authorities in the United States of America confirmed to the Governor of the Central Bank of Iraq that all the reserves and funds of the Central Bank of Iraq are fortified and no party can seize them. They also confirmed that they will defend its immunity with the rest of the countries and these reserves cannot be compromised.

As Iraq will complete during the coming period the full payment of the compensation and benefits accrued from it prior to 2003, this will lead to the lifting of the international immunity for Iraq's money abroad and it will be subject to implementation by some creditors from other parties and companies.

In this context, those legal authorities confirmed that the funds and reserves of the Central Bank of Iraq are protected under the laws followed in the United States of America, and pledged to defend what is in the central banks and banks in other countries.  Central Bank of Iraq  Media Office  27 July 2021 https://cbi.iq/news/view/1778

Butterfly   Al-Kazemi: We have taken bold measures towards real reforms.. and the doors of Iraq are open to investment

Wednesday 28 July 2021.........Prime Minister Mustafa Al-Kazemi affirmed: "The Iraqi government has taken bold measures towards real reforms in the economy."

Al-Kazemi said during his meeting with businessmen and owners of companies at the American Chamber of Commerce: "We started to address the weak infrastructure by encouraging private sector investments, and we have achieved great progress in the field of investment, and there is work in the field of oil and energy."

He added: "The doors of Iraq are open to investment, and American companies in particular, and we have launched strategic projects in the investment of associated gas, in cooperation with American companies."

He continued, "Our vision is serious about relying on Western investments instead of others, and we are conducting negotiations with international companies to grant 7500 megawatts of solar energy during the next two years."

butterfly  Oil price hike   Wednesday 28 July 2021.......Oil prices recorded a big jump, on Wednesday, after industrial data showed that stocks of crude and American products fell more sharply than expected last week.

Brent crude futures rose 30 cents, or 0.39 percent, to $73.81 a barrel.

US West Texas Intermediate crude futures rose 38 cents, or 0.53 percent, to $72.03 a barrel.

Data from the American Petroleum Institute industry group showed that US crude stocks fell by 4.7 million barrels for the week ending, gasoline stocks decreased by 6.2 million barrels, and distillate stocks decreased by 1.9 million barrels.

butterfly  The Minister of Planning announces from Basra the launch of all financial allocations for projects before the end of next September

Wednesday 28 July 2021........Minister of Planning Khaled Batal Al-Najm announced the completion of the plans of all governorates, and the release of all financial allocations for them before the end of next September.

The Minister of Planning, Khaled Battal Al-Najm, had arrived in Basra province earlier today, Wednesday.

butterfly   The price of the dollar fell against the dinar in the local markets

Wednesday 28 July 2021........The dollar exchange rates decreased slightly on the main stock exchange and local markets in the capital, Baghdad.

Today, the Central Kifah Stock Exchange in Baghdad recorded 147,700 dinars, for each $100 bill.

And the prices of buying and selling dollars have stabilized in exchange offices and local markets in Baghdad, where the selling price amounted to 148,250 dinars for each paper denomination of 100 dollars, while the purchase prices amounted to 147,250 dinars for each paper denomination of 100 dollars.

butterfly   Nassif calls on the Undersecretary of the Ministry of Electricity not to contract with the monopoly company (GE), which destroyed the electricity sector and looted the people's money

Wednesday 28 July 2021.........The representative of the State of Law coalition, Alia Nassif, Undersecretary of the Ministry of Electricity for Production Affairs, Adel Karim Kak Ahmed (who is charged with running the affairs of the ministry after the minister's resignation) demanded not to contract with the American monopoly company (GE) that destroyed the electricity sector and looted the people's money.

And she said in a statement today: "The sales manager of GE Company, called Saddam Mansour, claimed that he met with Adel Karim and published a publication in English, in which he said (I am proud to have participated in the fruitful discussion with the customer represented by the Minister of Electricity to build a maintenance program for 13,000 megawatts for a period of five years)," indicating "This company has been operating in Iraq for 10 years as a monopoly, and during the past five years it has achieved sales of up to two billion dollars, while the electricity in Iraq is still going from bad to worse."

Nassif explained: "The instructions of the Council of Ministers, Parliament and the Ministry of Electricity are clear, as the budget does not include the names of specific companies, and invitations are directed to the largest possible number of companies with the aim of opening the door to competition and obtaining the best offers and the most appropriate prices, but after the resignation of Minister Majed Hantoush, some started trying again. contract with this company.

Nassif stressed: "The need to avoid contracting with this monopolistic company that plundered public money and caused the electricity system to remain a failure," calling for: "the implementation of government instructions and opening the door to competition between companies."

butterfly   Al-Rikabi: The Iraq-Washington agreement to evacuate American combat forces from Iraq is unclear and vague

Wednesday 28 July 2021 09:20.............A member of the Parliamentary Security Committee, Kataa Al-Rikabi, described the Iraq-Washington agreement to evacuate the US combat forces from Iraq as unclear and ambiguous."

Al-Rikabi said, in a statement to the National Iraqi News Agency ( NINA ), that the conversation between the US President and Prime Minister Mustafa Al-Kazemi He did not address the number of fighting forces and their locations in Iraq, and under what pretext this period remained, despite the previous strategic agreement that led to the complete withdrawal of combat forces in 2011."

Al-Rikabi indicated that the House of Representatives and the Parliamentary Security and Defense Committee called many times to host the Prime Minister, Commander-in-Chief of the Armed Forces in Parliament, to clarify some things, but he did not respond for a whole year, and therefore it is not clear that Parliament will host Al-Kazemi to explain what was agreed upon in Washington ".

Prime Minister Mustafa Al-Kazemi had confirmed that the dialogue with the United States of America was very positive, and was for the sake of the future of relations.

He said: "The dialogue has strengthened Iraqi sovereignty, and it is an important and historic day for Iraq, and it is the beginning of a stage for organizing relations and removing all American combat forces from Iraq."

butterfly   2021-07-28 06:03   Shafaq News/ The Central Bank of Iraq (CBI) auctioned $174 million in foreign currency today, Sunday.

Shafaq News Agency correspondent said that CBI's sales of foreign currency in today’s auction amounted to $174,815,000, down by wowing 18.69% compared to yesterday's $214,570,530. The weighted rate of the U.S dollar averaged 1460 dinars.

Our correspondent explained that three banks and five exchange companies cashed $11.32 million, while the remaining sums went to boost funds abroad in the form of credit and non-cash transactions, with 27 banks meeting those demands.

butterfly  2021-07-28 04:15  Shafaq News/ Basra's light crude exported to Asia registered $75.14 a barrel, 0.49% below the previous session's price.

The price of a Basra heavy crude barrel rose to $70.05 a barrel, up by 0.17%.

The Saudi Arab light crude closed at $75.13 a barrel, while Iran's heavy settled $69.54 a barrel. UAE's Murban Mixture and the Algerian Saharan blend registered $73.88 and $73.80 a barrel, respectively. A barrel of Bonny light (Nigeria) registered $73.23, $0.15 and below Angola's Girassol.

butterfly   Posted from Canada: COVID Cases July 27th:  USA - 61,581   Canada - 547

Our Aug. 9th border reopening ought to be revisited.   Sorry.

Butterfly   The dollar is rising, and investors' eyes are on the Fed's decision

Economie- 07-28-2021 .... The dollar rose slightly on Wednesday after falling earlier, as investors shunned big bets ahead of the results of the US Federal Reserve meeting.

The US dollar index turned bullish after falling in Asian trade. It rose 0.1 percent at the latest reading to 92.534.

The Japanese yen, the Swiss franc and the euro maintained the gains of the previous day during Asian transactions, and the yen, which is considered a safe haven, recorded 109.80 per dollar, and the euro reached the level of 1.1809 dollars.

The dollar saw a steady rise over the course of a month after the Federal Reserve turned to tightening in June. Markets are waiting to see if the central bank will indicate when to start withdrawing stimulus measures amid rising inflation rates in the United States.

But exchange market analysts said there is a good chance that the Fed will not change policy, given that the recent inflation boom is likely to be temporary, as well as concerns about the growing Covid-19 infections, which could derail the global economic recovery.

"The delta outbreak may provide good reason to continue to be vigilant and to postpone the announcement of any significant downgrade to the Jackson Hole Symposium in late August," ING analysts wrote in a note.

butterfly  Gold rises due to the decline in the dollar and stocks ahead of the Federal Reserve's decision

Economie- 07-28-2021   Gold prices rose on Wednesday, supported by a decline in stocks and the dollar, but gains were limited while the market cautiously awaited what the US Federal Reserve assessments of inflation and economic growth would reveal.

By 0707 GMT, the spot price of gold was up 0.3 percent to $1804.69 an ounce. US gold futures rose 0.2 percent to $1,803.40 an ounce.

"Gold is benefiting from some buying to hedge risks ahead of the FOMC meeting," said Jeffrey Haley, senior market analyst for Asia Pacific at Oanda.

The Fed statement will be released at 1800 GMT today, followed by a press conference by Central Bank Chairman Jerome Powell.

Gold plunged 7 percent in June after the Fed sounded hawkish at its last meeting.

Silver rose 0.6 percent to $24.82 an ounce, after hitting its lowest level in nearly four months at $24.46 on Tuesday.   Palladium and platinum rose 0.7 percent to $2,626.93 and $1,057.99 an ounce, respectively.

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Zig’s Place Chatroom News Tuesday Evening 7-27-21

Zig’s Place Chatroom News Tuesday Evening 7-27-21

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

Butterfly   Al-Kazemi: We have taken bold measures towards real reforms.. and the doors of Iraq are open to investment Wednesday 28 July 2021 00:54 |........Prime Minister Mustafa Al-Kazemi affirmed: "The Iraqi government has taken bold measures towards real reforms in the economy."

Al-Kazemi said during his meeting with businessmen and owners of companies at the American Chamber of Commerce: "We started to address the weak infrastructure by encouraging private sector investments, and we have achieved great progress in the field of investment, and there is work in the field of oil and energy."

He added: "The doors of Iraq are open to investment, and American companies in particular, and we have launched strategic projects in the investment of associated gas, in cooperation with American companies."

He continued, "Our vision is serious about relying on Western investments instead of others, and we are conducting negotiations with international companies to grant 7,500 megawatts of solar energy during the next two years."

butterfly   Kirkuk Health Director: The epidemiological situation is very bad, and we expect the worst unless preventive measures are adhered to

Tuesday 27 July 2021 23:36 | ......The Director General of the Kirkuk Health Department, Nabil Hamdi Bushnak, warned of a worse epidemiological situation, unless citizens adhere to preventive measures and receive the anti-Coronavirus vaccine to reach the required percentage.

And the Director-General stated: "The epidemiological situation in Kirkuk is very bad, and many cases of infection with the Corona virus have been recorded, and large numbers of them have been admitted to the hospital."

He said, "More than 55 thousand people have received the Covid-19 vaccine so far, and the health situation is still under control, and the white army cadres are making great efforts to ensure the continuation of other medical services."

The Director General of Kirkuk Health appealed to the Minister of Oil and the Governor of Kirkuk to provide health institutions, especially the vaccination outlets, with sufficient fuel for the continuity of work and to ensure the success of some emergency plans to remedy the situation, as work is in full swing to open new vaccination outlets through cooperation with the Directorate of Youth and Sports, which intends to Allocating cooled halls for this, provided that sufficient fuel is obtained.

butterfly  Al-Kazemi meets the President of the World Bank Group مجموعة

Tuesday 27 July 2021 23:44 |.........Prime Minister Mustafa Al-Kazemi met at his residence in Washington, World Bank Group President David Malpass and his accompanying delegation.

During the meeting, they discussed cooperation in various fields, support for the Iraqi government's efforts in reform and combating corruption, and financing infrastructure projects in Iraq in the fields of water, airports and natural gas.

Dave   butterfly I do prefer words with links....THANX!

butterfly   Dave your welcome. I post the whole articles but....................

butterfly  2021-07-27 07:06   Shafaq News/ The Central Bank of Iraq (CBI) auctioned $214 million in foreign currency today, Sunday.

Shafaq News Agency correspondent said that CBI's sales of foreign currency in today’s auction amounted to $214,570,530, down by 6.14% compared to yesterday's $228,680,588. The weighted rate of the U.S dollar averaged 1460 dinars.

Our correspondent explained that 18 banks and 25 exchange companies cashed $63.38 million, while the remaining sums went to boost funds abroad in the form of credit and non-cash transactions, with 32 banks meeting those demands.

butterfly   2021-07-27 07:27   Shafaq News/ First Afghanistan, now Iraq. As Iraq's prime minister visits the White House for talks with President Joe Biden, an announcement has been made that all remaining US combat troops will be out of Iraq by the end of this year as part of an ongoing "US-Iraq Strategic Dialogue".

This prompts two key questions: what difference will this make on the ground, and does this open the door for a return of Islamic State (IS), the group that terrorised much of the Middle East and attracted recruits from as far afield as London, Trinidad and Australia?

Eighteen years on from the US-led invasion of Iraq, America only has about 2,500 regular troops left in Iraq, plus a small and undisclosed number of Special Operations forces fighting IS.

Concentrated in just three bases, they are a tiny fraction of the 160,000-strong force that occupied Iraq post-invasion - but they are still subject to rocket and drone attacks from suspected Iranian-backed militias.

The US military's job is training and assisting the Iraqi security forces who are still battling a sporadic but deadly insurgency by IS jihadists.

But the US military's presence in the country is controversial.

Iranian-backed politicians and militias want them out, especially after the US assassinated the head of Iran's Revolutionary Guards Quds Force, Maj Gen Qasem Soleimani, and a top Iraqi Shia Muslim militia commander at Baghdad airport in January 2020.

Even non-aligned Iraqis would like to see their country rid of foreign forces; the notion of foreign occupation is an emotive one.

butterfly   This suits some in Washington just fine, although not at the cost of "handing over Iraq to Iran".

The US has long been trying to extricate itself from what President Biden calls its "forever wars" in the Middle East. Hence the accelerated withdrawal of US forces from Afghanistan, as the US and its allies turn their attention increasingly towards the Asia-Pacific region and the South China Sea.

Islamic State 2.0?

Lurking in the background here is the spectre of an IS revival and the possibility of history repeating itself.

In 2011, President Barack Obama announced that US troops were pulling out of Iraq.

Although a small number have remained since, that drawdown, combined with a toxic Iraqi political mix and a burgeoning civil war across the border in Syria, created the perfect space for IS to eventually seize Mosul, the second city, and then control territory the size of a European country.

Could this now happen again? Could a reconstituted IS 2.0 once again sweep aside a demoralised Iraqi army deprived of US combat support?

It's a lot less likely, for several reasons.

IS was able to capitalise back then on the massive discontent felt by Iraq's Sunni Muslims towards the highly partisan Shia government of Prime Minister Nuri Al-Maliki. He ran the country from 2006-2014 and systematically disenfranchised the Sunnis, pushing many into the waiting arms of IS.

Today's political equation, while far from perfect, is more acceptable to Iraq's competing ethnic groups.

Since the defeat of IS, the US and Britain have also spent a lot of time and effort in training up Iraq's counter-insurgency forces and that training is set to continue, with Nato backing.

Thirdly, IS' strategic leadership, or what's left of it, appears to be more focussed on exploiting the ungoverned spaces in Africa and Afghanistan than battling well-armed security forces in its Arab heartland.

"Attacks by IS insurgents appear to be containable by Iraqi government forces," says Brig Ben Barry, a f

butterfly   So despite the US drawdown, which may still see small numbers of American troops remaining, the West will be watching to see if IS or any other jihadist groups look like using Iraq as a springboard to carry out transnational attacks, especially in the West.

"Should the US detect that IS in Iraq were preparing an attack on US interests outside Iraq, Washington would probably unilaterally attack," says Mr Barry. And with sizable resources nearby and offshore in the Gulf, the Pentagon certainly has the means to do so.

Iran's long game

The bigger, long-term picture here is one that favours Iran.

Ever since Iran's Islamic Revolution in 1979 it has been trying to evict US forces from its neighbourhood and become the premier power in the region.

It has had little success in the Arab Gulf states where mistrust of Tehran runs deep and where the US military has facilities in all six countries, including the headquarters of the US Navy's powerful 5th Fleet in Bahrain.

But the US-led toppling of Saddam Hussein's regime in Iraq in 2003 removed the most effective obstacle to Iranian expansion, and Tehran has not passed up on the opportunity since then. It has successfully inserted its Shia militias into the fabric of Iraq's security establishment, and its allies have a powerful voice in parliament.

Syria's civil war has opened the door for a major Iranian military presence there, while next door in Lebanon Iran's ally Hezbollah has become the most potent force in the country.

Iran is playing the long game. Its leaders hope that if it keeps up the pressure, both overt and covert, it will eventually make the Middle East a region not worth America's effort to stay engaged in, militarily.

Hence the frequent rocket attacks on US bases and Iran's support for civil protest calling for US troops to leave.

An agreement that sees the end of US combat operations in Iraq will be seen by many in Tehran as a step in the right direction.  Source: BBC

Dave   BBC.....Aint Palor or Bitchute..........

butterfly   Dave   :clap:

Dave   yeah.....figured that out in a hurray.....

Dave  hurry ooops

butterfly   This is a real long so I will just post the title and url: Report: Game of Thrones in Iraqi Kurdistan https://www.shafaq.com/en/Report/Report-Game-of-Thrones-in-Iraqi-Kurdistan

sandyf   Just the first in a long line of steps "The Chairperson of the Working Party, Ambassador Omar Hilale (Morocco), who is currently based in New York, visited Geneva on 16-18 June. Building on his earlier visits, the purpose of the Chairperson's meetings in Geneva was to identify steps and mobilise support in relaunching Iraq's accession process which had been challenging due to the security situation in the country.

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Zig’s Place Chatroom News Sunday Evening 7-25-21

Zig’s Place Chatroom News Sunday Evening 7-25-21

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

Butterfly   Iraqi Dinar/US Dollar auction results 7-25-2021   United States Dollar

The results of the foreign currency sale window for Sunday 7/25/2021 and implemented today  

Announcement No. (4451)  Sale date – Sunday 7/25/2021 and executed today   the details   Amount

Total sale for the purposes of strengthening balances abroad (remittances, credits)  180,741,057

Total cash sale   48,640,000    total total sales   229,381,057

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/1067

butterfly  Biden asks for the help of Iraqi intelligence

2021-07-25 07:50   Biden asks for the help of Iraqi intelligenceShafaq News/ The American newspaper “Washington Times” reported that US President Joe Biden intends, during his scheduled meeting with Iraqi Prime Minister Mustafa Al-Kazemi in the coming hours, to request stronger help in confronting the phenomenon of drone attacks on US forces present in Iraq and Syria.

Iran’s influence

And the American newspaper stated, in a report translated by Shafak News Agency, that “Biden may not have enough influence to overcome Al-Kazemi’s fears of retaliatory responses from Iran,” quoting analysts who indicated that there are several things Al-Kazemi can do for Biden.

And the American newspaper quoted a professor at the University of Florida in Atlanta, Robert Rabil, as saying that “Iraq will not take a hard stance on matters that are not within its interests,” adding that “the Iraqi prime minister is pro-American, but he is also patriotic and pro-Iraq, and he realizes that he cannot make Iran is an enemy.”

Since Biden took office last January, there have been at least eight drone attacks and 17 missile attacks against US forces in Iraq and Syria.

Also, an attack took place earlier this month on an Iraqi air base housing US soldiers, injuring two of them.

In response to these attacks, Biden twice ordered air strikes on pro-Iranian militia sites operating in Syria, including one near the Iraqi border, according to the Washington Times. 

Al-Kazemi’s role

butterfly     The newspaper indicated, “Al-Kazemi has been reluctant so far to take a stronger position, for fear of a possible response and its reflection on his country,” and quoted Rabil as saying that “Al-Kazemi will not go in the opposite direction to Iran.”

Rabil explained, “Al-Kazemi does not have a political party, and therefore he needs to work within the framework of consensus, and he wants to develop Iraq, but it faces many challenges,” noting that “using Iraq to settle the account between the United States and Iran will not help.”

And the newspaper considered, that “what complicates the matter further, is the tense relations that exist between Iraq and the United States since the era of former President Donald Trump, who gave the order to assassinate the commander of the Iranian Quds Force, General Qassem Soleimani, and the deputy head of the Popular Mobilization Forces, Abu Mahdi Al-Muhandis, near Baghdad Airport.”

A new beginning

butterfly   But Biden, according to the newspaper, is seeking “a new beginning for US-Iraqi relations,” and it seems that Al-Kazemi is consistent with that trend, and his visit to the White House tomorrow is a sign of warm relations.

It is expected that Al-Kazemi will refuse to use a more strict tone against the drone attacks, and the American newspaper saw that there are many things that Al-Kazemi can do in order to help the United States.

Iraqi intelligence

Al-Kazemi can, according to the newspaper, “share with Washington the information collected by Iraqi intelligence on the ground about militias and march attacks, as well as work in the region to help Biden overcome obstacles to reviving the nuclear agreement concluded by Barack Obama with Iran.”

And she added that there are indications that Tehran is working to curb attacks on American forces in order to re-engage with the nuclear agreement, and here, Rabel considered that “the march attacks appear to be aimed at sending a message to the United States and causing chaos to a certain degree that does not frustrate the negotiations.”

The newspaper concluded its report, quoting Rabel as saying, “If you look at the attacks, they do not intend to cause strong responses. They want to say that they dealt with the United States on their terms, without causing a strong response.”  shafaq.com

25 Jul 21, 11:35 AM butterfly   A deputy warns of a “dangerous scenario” in the event of the withdrawal of US forces from Iraq

2021-07-25 | 06:04   A deputy warns of a dangerous scenario in the event of the withdrawal of US forces from IraqAlsumaria news

Today, Sunday, Member of Parliament Yonadam Kanna warned of the danger of the immediate and sudden exit of US forces from Iraq, ruling out a repetition of the scenario of what happened in Afghanistan in Iraq.

Kanna said in an interview with Alsumaria News, “The situation of Iraq differs greatly from Afghanistan, and therefore there should be a scheduling of the withdrawal of American forces, not a sudden and immediate withdrawal, given that security experts know very well that Iraq is a prisoner of American weapons, whether by air or land. Therefore, the negotiator The Iraqi must find a gradual alternative to cover the void left by the American exit.”

Kanna added, “We do not believe that Biden will go to the same options that he made in Afghanistan, because Iraq is closer to the center of conflicts in the Middle East region, and there is greater importance to him for Washington than Afghanistan, in addition to Washington’s more interests in Iraq and the Gulf, whether in energy and oil, therefore.” All these factors will not allow Baden to go to the same options as what happened in Afghanistan.”

He continued, “The immediate exit of the US forces will lead to a significant weakness in the ability of the Iraqi military forces to defend the country because most of the weapons today in our forces are American and the air cover is American, so we do not know in the event of such an exit what will happen from terrorist groups, as happened in 2014 or from neighboring countries,”

stressing “the importance of dealing with this file slowly, and that there are future alternatives to protect our airspace and land from aircraft, heavy weapons, technology and defenses, especially since there is a strategic agreement between Iraq and America that has not been  fully implemented and through which these gaps should be addressed.”   alsumaria.tv

butterfly   Al-Kazemi to the United States of America at the head of a government delegation

Sunday 25 July 2021 | 09:31 AM  Al-Kazemi to the United States of America at the head of a government delegationToday, Sunday, Prime Minister Mustafa Al-Kazemi headed to the United States of America at the head of a government delegation .

A statement issued by the media office of the Prime Minister stated; The visit will last for several days, and the Iraqi-American relations will be discussed in various fields and bilateral issues of common interest .

The statement quoted Al-Kazemi as saying before leaving Baghdad; “This visit comes within the framework of Iraq’s efforts to consolidate a close relationship with the United States of America, based on the foundations of mutual respect and bilateral cooperation in various fields, and it culminates long efforts of intensive work during the strategic dialogue sessions to organize the security relationship between the two countries on the basis of the Iraqi national interest.” “.   aynaliraqnews.com

butterfly   Dollar exchange rates in local markets

Sunday 25 July 2021 | 10:01 am  Dollar exchange rates in local marketsThe 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 148,200 per $100  The purchase price of the dollar is 148,100 per 100 dollars    aynaliraqnews.com

butterfly   Al-Kadhimi: Iraq no longer needs the presence of US forces

7-25-2021   Al-Kadhimi - Iraq no longer needs the presence of US forcesBAGHDAD – The Iraqi Prime Minister announced that his country no longer needs American combat forces to fight the Islamic State, indicating that the Iraqi security forces and army are capable of defending the country.

The Iraqi prime minister stated that the official time frame for the redeployment of US forces will depend on the outcome of talks with US officials, as it relates to the readiness of the Iraqi forces, which showed that they are able to carry out independent missions against the Islamic State, according to what was quoted by the Associated Press.

Observers believe that Al-Kazemi’s announcement comes in the context of messages of reassurance to the United States about the ability of the Iraqi security forces, which are supported by the United States in the face of ISIS, especially with the increasing speculation about the possibility of announcing a timetable for the withdrawal of the international coalition forces, which is the main demand of the pro-Iranian militias in Iraq. .

Al-Kazemi said, “What we want from the American presence in Iraq is to support our forces in training, developing their efficiency and capabilities, and in security cooperation.”

butterfly  Al-Kazemi’s comments come before he heads to the United States, where he is scheduled to meet President Joe Biden on Monday in a fourth round of strategic talks.

It is assumed that the strategic dialogue between Baghdad and Washington will lead to setting a timetable for the withdrawal of the international coalition, and there are still about 3,500 foreign soldiers on Iraqi soil, including 2,500 Americans, but the completion of the withdrawal process may take years.

On the seventh of last April, Baghdad announced an agreement with Washington to transform the mission of the international coalition forces from combat to training and advisory. Later, Baghdad announced the formation of a committee comprising leaders of the Ministry of Defense to negotiate with the American side to set the mechanisms and timelines for foreign military withdrawal.

In January 2020, the Iraqi parliament voted in favor of a resolution demanding the removal of foreign forces, including the United States, from the country, following the killing of the Iranian Quds Force commander Qassem Soleimani and the Chief of Staff of the Popular Mobilization Forces, Abu Mahdi Al-Muhandis, in a US air strike near Baghdad International Airport.

butterfly  The file of ending the US presence in Iraq has always been the subject of wide political debates in Iraq, where officials believe that the exit of US forces will open the way for Iran and its arms to increase its influence, at a time when the Iraqi government is facing pressure from Tehran and its proxies demanding the removal of foreign forces from Iraq.   rawabetcenter.com

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