Zig’s Place Chatroom News Thursday 9-30-21

Zig’s Place Chatroom News Thursday 9-30-21

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

Butterfly   An international institution is mortgaging the possibility of improving Iraq's credit rating with a high rate of economic growth and diversification of revenues

Thursday 30 September 2021 The credit rating agency (Standard & Poor's) confirmed the possibility of improving the credit rating of Iraq in the event of a high rate of economic growth in Iraq, and a diversification of the public financial revenues of the oil and non-oil state.  In its periodic report on the credit rating, the Agency (Standard & Poor's) praised the Iraqi economy's continuation of maintaining its credit rating as a result of the continuing economic reforms of the financial policy in Iraq.

The Ministry of Finance stated today, Thursday, that "the new classification reflects the continued maintenance of the level of foreign currency reserves that exceeds the service of the external public debt and the fulfillment of other external financial obligations, as a result of the rise in crude oil prices and their recovery in the third and fourth quarters of this year."

The agency also confirmed, according to its report, the possibility of improving Iraq’s credit rating in the event of a high rate of economic growth in Iraq, diversification of the state’s oil and non-oil public financial revenues, an increase in the per capita income share of national income, and the continuation of measures to reform the financial and economic policy as mentioned in the economic reform paper ( White Paper), which will enhance the financial and economic policy of the Iraqi government.

https://ninanews.com/Website/News/Details?key=930027

UNEEK  Millions of old phones, laptops, and smart gadgets could stop working later this week for a weird reason

UNEEK   The internet connectivity on older tech devices and smart gadgets could stop working on Thursday after a key digital certificate required to access websites safely expires.

UNEEK   This means several phones, computers, video game consoles, smart gadgets, and "Internet of Things" devices bought before 2017 that use the Let’s Encrypt digital certificate in question, and haven't updated their software since then, could face significant issues connecting to the internet.

UNEEK   read more here: https://news.yahoo.com/millions-old-phones-laptops-smart-210600565.html

UNEEK   The problem will primarily affect popular devices, such as iPhones running iOS 9 and below, Android phones running below the 2.3.6 software, Windows computers running software prior to XP SP3, Sony's PS3, and PS4 game consoles, and the Nintendo 3DS

Sheila   UNEEK That might include my laptop. It's over 10 years old.

UNEEK  sheila sorry - it could sure halt a lot of communications I hope you will be okay -- check and see if you can do any updates

Sheila   UNEEK will run those in few minutes

Butterfly  Because of US stocks, low oil prices in global markets

https://ninanews.com/Website/News/Details?key=929970

Thursday 30 September 2021 Oil prices fell today, Thursday, to continue their losses, after official figures showed an unexpected increase in stocks in the United States, despite the stability of prices.

Brent crude was down 28 cents at $78.36 a barrel by 05:37 GMT, after falling 0.6 percent on Wednesday. US oil fell 13 cents to $74.70 a barrel, after also falling 0.6% in the previous session.

The US Energy Information Administration said on Wednesday that US oil and fuel stocks increased last week.

Energy Information Administration data showed that crude stocks rose 4.6 million barrels in the week ending September 24 to 418.5 million.

The rise in stocks at the time returned in production in the United States to nearly the levels of before hitting Hurricane Ida about a month ago, and increased production to 11.1 million barrels per day last week. "

On the production level, is likely to maintain the Organization of countries The oil exporter and its allies, including Russia, the group known as OPEC +, will agree to an agreement next week to add 400,000 barrels per day to its production for the current month of November.

butterfly  https://www.shafaq.com/en/Economy/Foreign-currency-exchange-drops-Iraq-central-bank-says-7-5 Foreign currency exchange drops, Iraq’ central bank says 2021-09-30 07:27

Shafaq News / the Central Bank of Iraq announced on Thursday a decrease in the foreign currency exchange.

Shafaq News Agency correspondent said that the foreign currency auction of the Central Bank of Iraq recorded a 6.85% decrease to 204,218,319 dollars which the bank covered at an exchange rate of 1460 dinars per dollar.

He added that the sales operations were in the form of wire transfer and credits (171,818,319 dollars) and Cash (32,400,000 dollars).

In December 2020, Iraq’s central bank increased the sale price of U.S. dollars to banks and currency exchanges to 1,460 dinars, from 1,182 dinars, seeking to compensate for a decline in oil revenue due to low crude prices.

The central bank of Iraq said the key reason behind the dinar’s devaluation was to close the gap of widened 2021 budget inflation after a collapse in global oil prices, a major source of Iraq’s financial resources.

Dave   Iraq is preparing to formulate agreements with 3 countries to recover the looted funds

Dave   180-350 billion usd https://aynaliraqnews.com/index.php?aa=news&id22=152261

Dave  wow that be.....almost 500 trillion IQD........

Dave   NORV think that would aid in bolstering CBI's reserves or cover some that dinar you mention that is in circulation?

butterfly   Just got the 60 votes to keep the government open until December 3.

butterfly   Dave I have a secret and I can't tell anyone.

Dave   butterfly willing to sign your NDA.....

Dave   The only Secret I am aware of are Victoria's

butterfly   Dave haha no NDA for me.

NORV  Dave No country can afford a significant RV to $1 with 80 trillion dinar in circulation. That is just to much money. The US is not even that high at $28 trillion.

NORV   And remember Iraq claims they are only worth 16 trillion including all oil and minerals in the ground.

NORV   Any money Iraq recovers more than likely will be spent on infrastructure such as housing, roads, water plants, etc.

UNEEK  These quotes are very thought provoking - I hand picked each one of them from a book of hundreds on riches and wealth - I hope you will take time to read them and allow their meaning to really soak in - The wisdom in these words may be priceless in the days to come

UNEEK   There is a burden of care in getting riches; fear in keeping them; temptation in using them; guilt is abusing them; sorrow in losing them; and a burden of account at last to be given concerning them. -- M Henry

The acquisition of wealth is a work of great labor; its possession a source of continual fear; it loss, of excessive grief. -- From the Latin

Agur said, "Give me neither poverty nor riches"; and this will ever be the prayer of the wise. Our incomes should be like our shoes: if too small, they will gall and pinch us, but if too large, they will cause us to stumble and to trip. But wealth, after all, is a relative thing, since he that has little, and wants less, is richer than he that has much, but wants more. True contentment depends not upon what we have; a tub was large enough for Diogenes, but a world was too little for Alexander. -- Colton

Our wealth is often a snare to ourselves, and always a temptation to others. -- Colton

Men pursue riches under the idea that their possession will set them at ease and above the world. But the law of association often makes those who begin by loving gold as a servant, finish by becoming its slaves; and independence without wealth is at least as common as wealth without independence. -- Colton

UNEEK   To have what we want is riches, but to be able to do without is power. -- G. Macdonald

There are two things needed in these days; first, for rich men to find out how poor men live; and second, for poor men to know how rich men work. -- E. Atkinson

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Zig’s Place Chatroom News Wednesday 9-29-21

Zig’s Place Chatroom News Wednesday 9-29-21

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

Butterfly   The World Bank sets goals for granting Iraq 100 million dollars and praises the vaccination campaign

Wednesday 29 September 2021 11:15 The World Bank has set goals for granting Iraq $100 million, while praising the vaccination campaign launched by the Iraqi Ministry of Health last March.

The bank said in a statement, "The project will support vaccination against the Corona virus in Iraq by giving the vaccine to priority groups among the population and strengthening the institutional system to enable the safe and effective dissemination of vaccines on the widest scale."

He added, "This project aims to assist the country not only in purchasing coronavirus vaccines, but also in improving its ability to manage waste resulting from health care activities, and implement communication and awareness efforts to raise public awareness of the importance of receiving the vaccine."

The Bank confirmed that "the project builds on the current support provided by the World Bank and other development partners to the Iraqi government in support of its efforts to respond to the Corona pandemic, within the framework of the Iraq Reform, Recovery and Reconstruction Fund (I3RF) and the Emergency Operation Project for Development."

And he indicated that "Iraq launched the vaccination campaign against the Corona virus in March 2021, as it was able to rapidly increase the vaccination coverage during the past month, and more than 7 million doses of vaccine were given, about 11% of the population received the first dose, in addition to immunizing 7% of the entire population with two doses." ".

butterfly   And he indicated that "a comprehensive and well-coordinated vaccination campaign is an essential element for future recovery from the health and economic effects of the Corona pandemic," noting that "

The World Bank's Regional Director of the Mashreq Department, Saroj Kumar Jha, said, "There is a need to facilitate access to vaccines to reduce the spread of the pandemic and reduce the burden on the already weak health system in Iraq, and this project will support Iraq in the purchase and deployment of vaccines necessary to protect lives, And enabling the country to safely reopen its doors, and begin the phase of economic recovery.”

According to the World Bank statement, this project is subject to the “Strategic Program for Coronavirus Pandemic Preparedness and Response (SPRP)” using the Multi-Phase Program Approach (MPA) approved by the World Bank’s Board of Executive Directors in April 2020; Additional funding for this program was also approved in October 2020, and the project also includes a grant from the Iraq Reform, Recovery and Reconstruction Fund (I3RF).   https://ninanews.com/Website/News/Details?key=929773

butterfly   https://ninanews.com/Website/News/Details?key=929767

The hundred dollar recorded 147,200 Iraqi dinars on the main stock exchange

Wednesday 29 September 2021 10:56 The exchange rates of the US dollar against the Iraqi dinar recorded, today, Wednesday, stability on the main stock exchange in the capital, Baghdad.

The Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad recorded this morning 147,200 Iraqi dinars, compared to 100 US dollars.

These are the same prices recorded on Monday morning.

While the buying and selling prices were stable in the banking shops in the local markets in Baghdad, where the selling price amounted to 147,750 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 146750 Iraqi dinars per 100 US dollars.

butterfly   Wednesday 29 September 2021 12:42 Iraq and Italy discussed issues of common interest between the two sides and ways to enhance them.  https://ninanews.com/Website/News/Details?key=929810

A statement by the Ministry of Foreign Affairs stated, "The acting head of the Protocol Department, Ali Shamran Hajim, received Alexandre Foltin, Deputy Head of the Mission of the Republic of Italy in Baghdad. Italian, expressed the readiness of the Protocols Department to provide all support and facilitate the Italian mission task to accomplish the assigned tasks and in a way to serve the two friendly countries.

for his part, Voltain thanked the head of the department on cooperation provided by the Foreign / Department of Protocol Department , which contributes to the success of the work of the Italian mission in the Republic of Iraq.

Butterfly   https://www.shafaq.com/en/Economy/OPEC-Reference-basket-hits-78-bbl OPEC Reference basket hits +78$/bbl 2021-09-29 06:34

Shafaq News/ OPEC's, Organization of the Petroleum Exporting Countries, reference basket (ORB) price rose to more than 78$/bbl driven by other crudes.

OPEC said in a statement that the price of a thirteen crude ORB reached 78.37$/bbl, 0.67$ above yesterday's 77.73$/bbl.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

butterfly   https://www.shafaq.com/en/Economy/CBI-sales-in-the-currency-auction-recover-on-Wednesday CBI sales in the currency auction recover on Wednesday 2021-09-29 05:50

Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $219 million in foreign currency today, Wednesday.

Shafaq News Agency correspondent said that the CBI sales of foreign currency in today’s auction amounted to $219,476,461, up by 4.78%, compared to yesterday's $209,196,074.

Our correspondent explained that 18 banks and 20 exchange companies cashed $52.58 million, while the $166,896,461 went to boost funds abroad in the form of credit and non-cash transactions, with 33 banks meeting those demands.

butterfly   Violence in Iraq ‘will continue unless there is systemic reform’, experts say

Protest movement and civil society have been targets since late 2019.................................................. https://www.thenationalnews.com/mena/iraq/2021/09/28/violence-in-iraq-will-continue-unless-there-is-systemic-reform-experts-say/

butterfly   https://www.al-monitor.com/originals/2021/09/iraqs-sunni-parties-compete-votes-crucial-election Iraq’s Sunni parties compete for votes in crucial election

Iraqi Sunnis are weighing whether to vote for candidates on a tribal or party-linked basis, try for independents or maybe not even vote at all.

Butterfly   HAVE A GREAT DAY..............................

UNEEK   butterfly thanks for the news

UNEEK   "Let us never confuse stability with stagnation." -- Mary Jean LeTendre

"Many people think that by hoarding money they are gaining safety for themselves. If money is your ONLY hope for independence, you will never have it. The only real security that a person can have in this world is a reserve of knowledge, experience, and ability. Without these qualities, money is practically useless." -- Henry Ford

"One has to abandon altogether the search for security, and reach out to the risk of living with both arms. One has to court doubt and darkness as the cost of knowing." -- Morris L. West

UNEEK   The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy.- Martin Luther King,Jr.

Great occasions do not make heroes or cowards; they simply unveil them to the eyes of men. Silently and imperceptibly, as we wake or sleep, we grow strong or weak; and at last some crisis shows what we have become. - Brooke Foss Westcott

Prosperity tries the fortunate; adversity the great. - Pliny the Younger

Be willing to have it so; acceptance of what has happened is the first step to overcoming the consequences of any misfortune. - William James

If you will call your troubles experiences, and remember that every experience develops some latent force within you, you will grow vigorous and happy, however adverse your circumstances may seem to be. - John Heywood

butterfly  Hadi Al-Amiri: Al-Fateh bloc will achieve a ‘overwhelming victory’ in the October elections

09.29.2021 – 14:08   Hadi Al-Amiri - Al-Fateh bloc will achieve a overwhelming victory in the October electionsBaghdad – people

The head of the Al-Fateh bloc, Hadi Al-Amiri, confirmed, on Wednesday, that his bloc will achieve a “landslide victory” in the October elections.

Al-Amiri said in a speech to his audience in the coalition and followed by “Nas” (September 29, 2021), that “normalization with the Zionist entity cannot happen in the presence of the Popular Mobilization as an impenetrable dam in the face of Zionism and dark forces.”

He warned, “There are attempts led by external parties with internal tools to integrate or dissolve the Hashd.”

He added that “targeting the crowd is targeting the spirit of resistance among the followers of Ahl al-Bayt (peace be upon them), and he stressed the need to “preserve this good fruit that was achieved thanks to the blood of the martyrs.”

Al-Amiri pointed out that “the Zionist entity’s targeting of the PMF headquarters is an attempt to break that hard wall that stands in the way of attempts to normalize with Israel.”

He also called on his audience to “widely participate in the elections in order to preserve this blessed presence (in reference to the crowd).”

He stressed that “it was the Al-Fateh bloc that resisted and took up arms to defend Iraq,” adding that the bloc is likely to achieve a landslide victory in the upcoming elections to preserve “these achievements and work to protect and build Iraq.”

Al-Amiri pointed out that “Iraq is on its way to being (the master of the region).”  nasnews.com

butterfly  Iraq intends to sign agreements with 3 countries to recover its looted funds

9-29-2021   Iraq intends to sign agreements with 3 countries to recover its looted fundsAn Iraqi spokesman stated that his country intends to sign agreements with three countries, according to the principle of reciprocity, as part of Iraq’s efforts to recover its looted money, which ranges between 180 to 350 billion dollars.

Ahmed Laibi, spokesman for the Iraqi Ministry of Justice, said in a press statement today (Wednesday), that the government has a tendency to conclude agreements with three countries to recover the looted funds.

He explained that Iraq is drafting agreements with Jordan, Egypt and Switzerland that include the return of funds and lands seized by the former regime in the era of Saddam Hussein, in exchange for the recovery of frozen Iraqi funds in the name of intelligence figures in these countries.

Laibi stated that the move towards recovering these funds comes through the lawsuit offices in the Ministry of Justice and the Fund for Recovery of Funds in the Iraqi Integrity Commission, amid the desire of regional and international parties to activate these agreements.

He explained that “there is no accurate statistics on the amount of looted funds, but it ranges between 180 and 350 billion dollars.”

In the middle of this month, Iraq held a conference in cooperation with the Arab League, and in the presence of a number of Arab justice ministers, to discuss the issue of recovering looted funds and the possibility of concluding bilateral agreements with countries that have funds inside Iraq in exchange for funds demanded by the Iraqi government.    rawabetcenter.com

butterfly  Iraqi Dinar/US Dollar auction results for Thursday 9-30-2021 executed today 9-29-2021

25k Iraqi Dinar notesThe results of the foreign currency sale window, Thursday, 9/30/2021, and implemented today

Advertisement No. (4497)  Sale date – Thursday 9/30/2021 and executed today

the details   the amount   Total sale for the purposes of strengthening balances abroad (remittances, credits)  171,818,319 Total cash sale  32,400,000    Total total sales  204,218,319

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/1113

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Zig’s Place Chatroom News Tuesday 9-28-21

Zig’s Place Chatroom News Tuesday 9-28-21

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

Butterfly   The United States announced that it will conduct a second round of strategic negotiations with Russia next Thursday, to resolve outstanding differences that include nuclear weapons, cyberspace, and artificial intelligence.

And the US State Department said in a statement that: Wendy Sherman, Assistant Secretary of State and the second-ranking diplomat in President Joe Biden's administration, will lead a US delegation to talks with Russia in Geneva next Thursday.

"The two sides intend to conduct a serious and careful dialogue that seeks to lay a working basis for arms control and risk reduction measures in the future," she added.

Sherman is scheduled to head a delegation from various agencies for the meeting that follows a meeting held last July in which there was little progress.

The meeting took place after Russian President Vladimir Putin and US President Joe Biden agreed to resume talks.

A senior US State Department official who participated in the first talks said: The United States was pleased with the initial exchange, and hopes that it will be the start of a sustainable and constructive dialogue on arms control and other strategic issues.

He added that: The agenda is not only limited to the control of nuclear weapons, but also extends to the use of space and artificial intelligence, as well as cyber affairs, despite the focus on strategic and nuclear issues more than on ransomware or hacking. https://ninanews.com/Website/News/Details?key=929556

Butterfly   https://ninanews.com/Website/News/Details?key=929628

Alia Nassif calls for a reduction in the dollar exchange rate after the price of a barrel of oil exceeded eighty dollars

Tuesday 28 September 2021 12:39 Representative Alia Nassif called on the Ministry of Finance to reduce the exchange rate of the dollar after the price of a barrel of oil exceeded eighty dollars, indicating that it is not fair for the poor to pay the price of economic crises, whether they are caused by corruption or the lack of appropriate plans to deal with crises.

And she said in a statement today: "The price of a barrel of oil has exceeded eighty dollars, while the dollar exchange rate is still burdening the Iraqi citizen who pays the price of financial corruption and the absence of appropriate plans to confront economic crises such as the crisis of the previous drop in oil prices and the country's dependence on oil revenues only," indicating:

"The working class is the most affected by the rise in the exchange rate of the dollar, because its purchasing power has become unable to cope with the rise in the prices of food commodities and basic materials."

butterfly   Nassif stressed "the need for the Ministry of Finance to reduce the exchange rate of the dollar against the dinar and return it as it was in the past, because there is no need to continue with the high exchange rate and to avoid its negative repercussions on all groups of the people."

Today, Tuesday, the price of Brent crude jumped above $ 80 for the first time in nearly three years, amid expectations of rising demand and concerns about supplies as the world slowly emerged from the epidemic crisis.

Brent crude rose 0.8 percent in Asian morning trading to $80.19, its highest level since October 2018, according to "AFP".    West Texas Intermediate crude also rose 0.9 percent to $ 76.07.

butterfly   https://www.shafaq.com/en/Economy/OPEC-forecasts-oil-demand-rebound-before-post-2035-plateau OPEC forecasts oil demand rebound before post-2035 plateau 2021-09-28 10:09

Shafaq News/ Oil demand will grow sharply in the next few years as economies recover from the pandemic, OPEC forecast on Tuesday, adding that the world needs to keep investing in production to avert a crunch despite an energy transition.

This contrasts with views such as an International Energy Agency report in May which said the world should not fund new oil projects if it is to hit net zero emissions.

Oil use will rise by 1.7 million barrels per day in 2023 to 101.6 million bpd, the Organization of the Petroleum Exporting Countries said its 2021 World Oil Outlook, adding to robust growth already predicted for 2021 and 2022, and pushing demand back above the pre-pandemic 2019 rate.

"Energy and oil demand have picked up significantly in 2021 after the massive drop in 2020," OPEC Secretary General Mohammad Barkindo wrote in the foreword to the report. "Continued expansion is forecast for the longer term."

With oil demand recovering, OPEC and its allies such as Russia, a grouping known as OPEC+, are unwinding record supply cuts made last year. But there are signs some OPEC+ producers are unable to pump more due in part to a lack of investment, and that has boosted prices.

OPEC also lowered its estimates for longer-term oil demand, citing changes to consumer behaviour brought about by the pandemic and competition from electric cars. Global demand is expected to plateau after 2035, the report said.

Last year's report said world oil demand would exceed 2019's rate in 2022, not 2023. Now demand is expected to reach 106.6 million bpd in 2030, down 600,000 bpd from last year's figure.

butterfly   Assuming a faster take-up of existing technology, the Accelerated Policy and Technology Scenario, demand could be falling by the 2030s, according to an OPEC chart showing a more pronounced demand drop-off than a similar chart last year.

"Tele/homeworking is becoming a norm for many companies as a result of the pandemic," OPEC said.

"Long-term oil demand growth will be limited by growing penetration of electric vehicles."

Last year OPEC+ agreed record output cuts of 9.7 million bpd, the equivalent of 10% of global supply.

With demand recovering, those barrels are being returned to the market but OPEC said it was essential to step up investment in supplies to avert a future crunch.

Last year upstream oil capital spending dropped by nearly 30% to about $240 billion due to the pandemic.

"It is clear that underinvestment remains one of the great challenges for the oil industry," Barkindo wrote. "Without the necessary investments, there is the potential for further volatility and a future energy shortfall."

OPEC sees the demand for its oil rising in the next few years, but rising supply from the United States and other outside producers means OPEC output in 2026 will likely be 34.1 million bpd, below 2019's level, it said.

The group shifted last year to acknowledging demand would peak one day, after predicting growth for years. This year's 2045 demand forecast was trimmed to 108.2 million bpd, down 900,000 bpd from last year.

Still, OPEC is upbeat about its future prospects, seeing its market share rising in later decades as competition from non-OPEC producers will wane. OPEC expects U.S. tight oil output, another term for shale, to peak around 2030.

"Oil is still expected to retain its number one position in the energy mix," Barkindo wrote.

UNEEK   Common Sense is, of all kinds, the most uncommon -- It implies good judgment, sound discretion, and true and practical wisdom applied to common life -- Tryon Edwards

One pound of learning requires ten pounds of common sense to apply it -- Persian Proverb

Fine sense, and exalted sense, are not half as useful as common sense -- there are forty men of wit to one man of sense -- He that will carry nothing about him but gold, will be every day at a loss for readier change -- Pope

To act with common sense according to the moment, is the best wisdom I know ; and the best philosophy is to do one's duties, take the world as it comes, submit respectfully to one's lot; bless the goodness that has given us so much happiness with it, whatever it is; and despise affectation -- Walpole

Common sense is the knack of seeing things as they are, and doing things as they ought to be done -- C E Stowe

"Knowledge, without common sense," says Lee, is "folly; without method, it is waste; without kindness, it is fanaticism; without religion, it is death" But with common sense, it is wisdom; with method, it is power; with charity, it is beneficence; with religion, it is virtue, and life, and peace -- Farrar

UNEEK   If man can have only one kind of sense, let him have common sense -- If he has that and uncommon sense too, he is not far from genius -- H W Beecher

He was one of those men who possess almost every gift, except the gift of the power to use them --- C Kingsley

The crown of all faculties is common sense -- It is not enough to do the right thing, it must be done at the right time and place -- Talent knows what to do; tact knows when and how to do it -- W Matthews

The figure which a man makes in life, the reception which he meets with in company, the esteem paid him by his acquaintance -- all these depend as much upon his good sense and judgment, as upon any other part of his character -- A man of the best intentions, and fartherest removed from all injustice and violence, would never be able to make himself much regarded, without a moderate share of parts and understanding -- Hume

Common Sense is only a modification of talent -- Genius is an exaltation of it ---The difference is, therefore, in degree, not nature -- Bulwer

If you haven't grace, the Lord can give it to you -- If you haven't learning, I'll help you to get it -- But if you haven't common sense, neither I, nor the Lord can give it to you -- John Brown of Haddington - to his students

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Zig’s Place Chatroom News Monday 9-27-21

Zig’s Place Chatroom News Monday 9-27-21

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

Butterfly   Oil prices are close to $80

https://ninanews.com/Website/News/Details?key=929401

Monday 27 September 2021 09:15 The price of oil rose at the beginning of the week's trading, due to signs that the crude market is narrowing due to the global energy crisis.

US West Texas Intermediate crude exceeded $75 a barrel today, Monday, after a series of gains for the fifth consecutive week, while Brent crude recorded its highest level since October 2018 at $79.

US inventories are near their lowest level in three years, and at the same time, it appears that higher natural gas prices will drive demand for oil as users replace the fuel.

butterfly   https://ninanews.com/Website/News/Details?key=929409

Economist: The 2022 budget will be similar to previous budgets

Monday 27 September 2021 10:01 The specialist in managing economic crises, Ali Jabbar Al-Fariji, ruled out the difference of the 2022 budget from the previous budgets, indicating that it would be very similar to the budgets of previous years, calling on the government to develop new and studied economic plans for the next budget.

Al-Fraiji said in a statement to the National Iraqi News Agency / NINA /: "The 2022 budget will take the same character as the previous budgets, due to the continuation of the same philosophy in placing budget settings and negative numbers in the exchange doors."

He pointed out: "There is a significant and dangerous increase in the operating budget from 33 billion dollars in 2004 to 86 billion dollars in the 2021 budget, meaning the presence of high negative spending in the budget. As well as the increase in the size of the deficit from 12 to 34 billion, and the volume of loans from 28,139 One billion dollars, meaning that there is a negative spending process in the budget.”

UNEEK   Doug_W butterfly gooooood morning early birds - it's a beautiful day  :GoodMorn:

butterfly   UNEEK GM busy day for me today.

UNEEK   butterfly same here - but every day

butterfly   https://www.iraq-businessnews.com/2021/09/27/jordanian-firms-win-40m-construction-deals-in-baghdad/ Jordanian Firms Win $40m Construction Deals in Baghdad

butterfly   Two construction projects in Baghdad, with a combined value of more than $40 million, have been granted to Jordanian companies.

The news was revealed during a visit to Iraq by the Jordanian Minister of Public Works and Housing, Yahya Al-Kasabi, during which he met with the Mayor of Baghdad.

The Mayor also praised the contribution of Jordanian consulting companies to projects in the capital.

(Source: Jordanian Ministry of Public Works and Housing)

butterfly   https://www.shafaq.com/en/Economy/CBI-sales-in-the-currency-auction-drop-on-Monday CBI sales in the currency auction drop on Monday 2021-09-27 05:39

Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $209 million in foreign currency today, Monday.

Shafaq News Agency correspondent said that the CBI sales of foreign currency in today’s auction amounted to $209,169,064, down by 2.79%, compared to yesterday's $215,131,855.

Our correspondent explained that 18 banks and 23 exchange companies cashed $58.77 million, while the $150,426,064 went to boost funds abroad in the form of credit and non-cash transactions, with 35 banks meeting those demands.

butterfly   https://www.iraq-businessnews.com/2021/09/27/suppliers-chosen-for-unops-contracts-in-iraq/ Suppliers chosen for UNOPS Contracts in Iraq ,,,,,,,,,,,,,,,,,,, wo companies have won contracts with the United Nations Office for Project Services (UNOPS) in Iraq:

Wood Group UK Ltd: Web-based mapping applications development; Contract value $61,000

FieldWireLabs, Inc.: Construction Management Software Application; Contract value $14,700

(Source: UNGM)

butterfly   https://ninanews.com/Website/News/Details?key=929461

The United States supports the single window system via the Internet in Iraq by about one million dollars

Monday 27 September 2021 13:38 The United States of America announced, on Monday, its support for the single window system via the Internet in Iraq by about one million dollars.

And the US embassy in Baghdad said in a statement, "Ambassador (Toller) joined Iraqi officials in launching the single window system over the Internet in Iraq to register companies," noting: "The United States provided an amount of (975) thousand dollars to support the single window system via the Internet. The Internet, which is an e-government tool developed with the United Nations Conference on Trade and Development to allow the registration of entire businesses online in one simple step.

The embassy added, "The online single window system will help attract investment in Iraq by reducing delays in business registration, increasing transparency and reducing corruption."

Toller pointed out that "the launch of the single window system over the Internet in Iraq is an important step towards strengthening trade relations between Iraq and the United States."

UNEEK   He is wise who will keep an open mind until he has fairly tested the various proofs available to him - Unknown

Reprove not a scorner, lest he hate thee; rebuke a wise man and he will love thee. - Bible

To escape criticism - do nothing, say nothing, be nothing. - Elbert Hubbard

In judging others, folks will work overtime for no pay. - Charles Edwin Carruthers

He has a right to criticize, who has a heart to help. - Abraham Lincoln

One man's word is no man's word; we should quietly hear both sides. – Goethe

We should not judge people by their peak of excellence; but by the distance they have traveled from the point where they started. Henry Ward Beecher

We judge ourselves by what we feel capable of doing, while others judge us by what we have already done. - Henry Wadsworth Longfellow

Give every man thine ear, but few thy voice; Take each man's censure, but reserve thy judgment. - William Shakespeare

Butterfly   The United States announced that it will conduct a second round of strategic negotiations with Russia next Thursday, to resolve outstanding differences that include nuclear weapons, cyberspace, and artificial intelligence.

And the US State Department said in a statement that: Wendy Sherman, Assistant Secretary of State and the second-ranking diplomat in President Joe Biden's administration, will lead a US delegation to talks with Russia in Geneva next Thursday.

"The two sides intend to conduct a serious and careful dialogue that seeks to lay a working basis for arms control and risk reduction measures in the future," she added.

Sherman is scheduled to head a delegation from various agencies for the meeting that follows a meeting held last July in which there was little progress.

The meeting took place after Russian President Vladimir Putin and US President Joe Biden agreed to resume talks.

A senior US State Department official who participated in the first talks said: The United States was pleased with the initial exchange, and hopes that it will be the start of a sustainable and constructive dialogue on arms control and other strategic issues.

He added that: The agenda is not only limited to the control of nuclear weapons, but also extends to the use of space and artificial intelligence, as well as cyber affairs, despite the focus on strategic and nuclear issues more than on ransomware or hacking. https://ninanews.com/Website/News/Details?key=929556

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

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Zig’s Place Chatroom News Sunday 9-26-21

Zig’s Place Chatroom News Sunday 9-26-21

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

Butterfly   Al-Kazemi’s advisor reveals: This is the priority of the 2022 budget

Sunday 26 September 2021 | 01:02 PM   Al-Kazemis advisor reveals - This is the priority of the 2022 budgetMazhar Muhammad Salih, the financial and economic advisor to the Iraqi Prime Minister, revealed today, Sunday, the priority in the draft budget law for the year 2022 .

Saleh said, “The priority in the draft budget law for the year 2022 will be to pay the external and internal debts owed by Iraq, because failure to pay them is considered a failure and a not good international financial indicator .”

And he indicated that “nine trillion dinars of debt services (installments and interests) will be paid from the 2022 budget, and the interest in paying foreign debts falls within the country’s good credit rating .”

Saleh added that “the draft budget law for the year 2022, so far, has not been completed and work is continuing to complete the project as soon as possible.”  aynaliraqnews.com

26 Sep 21, 10:18 AM butterfly   Al-Muttalib: The conference that took place in Erbil was for Sunni leaders paving the way for normalization with the Zionist entity

2021-09-26   Al-Muttalib - The conference that took place in Erbil was for Sunni leaders paving the way for normalization with the Zionist entityFormer MP Saad Al-Muttalib said that the conference that took place in Erbil was for Sunni leaders paving the way for normalization, accusing the government of indifference.

Al-Mutalibi said in a press statement, “I do not think that the government will take action regarding this conference, and it is likely to put it under the freedom of expression clause,” noting that “the conference represents only those who were inside the conference.”

He pointed out that “normalization is rejected by all the Iraqi people, the reference and the masses, and we do not allow in any way to talk about this matter.”

He pointed out, “The law does not allow this matter, nor the reference, nor the people, so the government must intervene immediately and arrest those who were in the conference.”

On Friday, Hebrew media reported that prominent Iraqi tribal leaders in Erbil for the first time publicly called for normalization with Israel.  burathanews.com

Dave    Right turn signal......?

Dave   would really prefer to be turning left.......?

Dave   NORV Just wondering......out of this 80 Trillion in circulation ....how much of that would be held by us Dinarians.......?

Sheila   Video: Lady on fire!!! - Vandalia School board Meeting, September 20, 2021 -- https://www.youtube.com/watch?v=aavvn0-Aybk

UNEEK   There is nothing the body suffers which the soul may not profit by. - George Meredith

Even in the deepest sinking there is the hidden purpose of an ultimate rising. Thus it is for all men, from none is the source of light withheld unless he himself withdraws from it. Therefore the most important thing is not to despair. - Hasidic saying

The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy.- Martin Luther King,Jr.

Great occasions do not make heroes or cowards; they simply unveil them to the eyes of men. Silently and imperceptibly, as we wake or sleep, we grow strong or weak; and at last some crisis shows what we have become. - Brooke Foss Westcott

Prosperity tries the fortunate; adversity the great. - Pliny the Younger

Be willing to have it so; acceptance of what has happened is the first step to overcoming the consequences of any misfortune. - William James

If you will call your troubles experiences, and remember that every experience develops some latent force within you, you will grow vigorous and happy, however adverse your circumstances may seem to be. - John Heywood

UNEEK   Words are both better and worse than thoughts - they express them - and add to them -- they give them power for good or evil - they start them on an endless flight - for instruction and comfort and blessing -- or for injury and sorrow and ruin -- Tryon Edwards

When you have spoken the word - it reigns over you -- When it is unspoken you reign over it -- Arabian Proverb

You may tame the wild beast - the conflagration of the forest will cease when all the timber and the dry wood are consumed -- but you cannot arrest the progress of that cruel word which you uttered carelessly yesterday or this morning -- FW Robertson

A man cannot speak but he judges and reveals himself -- With his will or against his will - he draws his portrait to the eye of others by every word -- Every opinion reacts on him who utters it -- Emerson

Half the world is composed of people who have something to say and can't, and the other half who have nothing to say and keep on saying it -- Robert Frost

Such as thy words are - such will thy affections be esteemed -- and such will thy deeds be as thy affections - and such thy life as they deeds -- Socrates

A good word is an easy obligation -- but not to speak ill requires only our silence - which costs us nothing -- Tillotson

Dave   NORV Just wondering......out of this 80 Trillion in circulation ....how much of that would be held by us Dinarians.......?

NORV   Dave Since they increased the money supply as a result of the reduction in exchange rate (last Dec) and now that it takes more dinar to buy the same goods, my view is the majority of this money is on the streets in Iraq. Otherwise no reason to have such a descriptive article. It is also confirmed in the article...

NORV   From a different point of view, economic expert Hammam Al-Shamaa explains in an interview with Al-Alam Al-Jadeed that “the increase in the Central Bank’s sales of dollars comes due to the increase in the monetary mass, as it was 42 trillion dinars, before the Minister of Finance announced last year that he would not pay Salaries and lack of revenues, so he borrowed from the Central Bank about 37 trillion dinars.

He explains that "the total mass of cash rose to about 80 trillion dinars, and since this amount is in circulation, it turned to the demand for the dollar or the purchase of real estate, which caused the current rise in real estate prices in Baghdad and all of Iraq."

NORV   https://al-aalem.com/news/63420-%D9%85%D8%A8%D9%8A%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%AA%D8%B1%D8%AA%D9%81%D8%B9-%D8%AA%D8%B9%D9%88%D9%8A%D9%85-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9-%D9%8A%D9%81%D8%B4%D9%84

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Zig’s Place Chatroom News Saturday Afternoon 9-25-21

Zig’s Place Chatroom News Saturday Afternoon 9-25-21

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

butterfly   Oil prices exceed $78 for the first time in three years

Saturday 25 September 2021 08:59 International oil prices witnessed, on Friday, a rise that has not occurred since October 2018, after the price of a barrel of "Brent" exceeded $78.

And trading data, according to the Russian Sputnik agency, stated that the price of the November futures contracts for “Brent” oil amounted to $78.12 a barrel, an increase of 1.13 percent. “

The price of the November futures contracts for West Texas Intermediate oil” also rose by $74.11 a barrel, an increase of 1.13 percent. 1.11 percent.   https://ninanews.com/Website/News/Details?key=928991

butterfly   https://ninanews.com/Website/News/Details?key=929034

A British company pleads guilty to accusations of bribery in oil projects in Iraq

Saturday 25 September 2021 11:42 The British oil services group "Petrofac" confirmed that it will plead guilty to seven counts of bribery to secure projects in Iraq, Saudi Arabia and the UAE between 2012 and 2015, describing it as a "very unfortunate period."

The company indicated its plans in London's Westminster Magistrates' Court after it was formally indicted by the UK's Serious Fraud Office (SFO), drawing the line for a four-year criminal investigation.

Petrofac said, "Offers or payments to agents to help secure projects took place between 2011 and 2017, but all employees involved left the company."

"This has been a very unfortunate period in Petrofac's history," Chairman Rene Midori said in a statement, adding that the "comprehensive program to renew the company" had been approved by the Office of Organized Crime.

Former CEO David Lufkin, who separately pleaded guilty to 14 counts of bribery to secure multi-billion dollar contracts for Petrofac in the Middle East, is also expected to be indicted.

butterfly   https://www.shafaq.com/en/Iraq-News/Barzani-Kurdistan-must-be-a-true-partner-in-Iraq Barzani: Kurdistan must be a true partner in Iraq 2021-09-25 04:23

Shafaq News/Kurdistan's President Nechirvan Barzani confirmed the need for the Region to be a real partner in the Iraqi federal state by sharing power in all its forms, stressing that this will ensure the stability of the new Iraq and preserve its territorial integrity.

"The people of Kurdistan have suffered over the past 100 years, and unfortunately, After a century, the Kurdish people are still struggling to obtain their rights as they were always afraid of the past. Also, today they are still afraid from the present," Barzani said in his speech during the conference: "Iraq: A tragic Fate" that was held in Erbil.

He added that "the power struggle is the main problem in Iraq, as well as when a party wants to impose its viewpoint on the other parties or resort to the use of force or punishment to resolve problems that have always occurred in Iraq."

The President touched on the emergence of ISIS in the country, saying, "If Iraq is not stable, the region will not be stable. If nothing changes, Iraq's problems will not be resolved. If the same political mistakes and the marginalization of components with the same mentality of imposing force continue, certainly, tomorrow an organization similar to ISIS will be born."

"Iraq is the country of components. Since its establishment, it was formed according to three states (Mosul, Baghdad, and Basra); these states were based on geographical distribution and cultural heritage. Moreover, the Kurds are in the north, the Sunnis are in the middle, and the Shiites are in the south, and with these, there are many other religious and national components in Iraq." Barzani continued.

Zig   Zig's Place was opened in August, 2020...I opened it primarily to discuss the Iraqi Dinar and other currency speculations...and to discuss Iraq in general, as it pertains to our investment, etc...However, you may discuss other topics in here as well....many topics can be discussed simultaneously...

butterfly   https://ninanews.com/Website/News/Details?key=929029

Basra crude achieves profits of 2.19 dollars within a week

Saturday 25 September 2021 11:57 The price of Basra crude achieved a profit of $2.19 during the past week, after 30% of the United States' production of crude oil was stopped as a result of Hurricane Ida, which caused a scarcity of supplies.

Basra crude rose 53 cents to $76.66, achieving weekly gains of $2.19, or 2.94%.

Also, Brent crude rose in its last session by 0.84% ​​to reach $78.09, and it achieved profits of $5.17, or the equivalent of 7.09% in a week.

The US West Texas Intermediate crude was settled, with an increase of 0.68%, to reach $73.98 a barrel, to record weekly profits of $2.01, or 2.79%.

butterfly   America turns to Iraqi oil after Ida losses

2021-09-25 08:13   America turns to Iraqi oil after Ida lossesShafaq News/ Western media reported, on Saturday, that American refineries are heading to Iraqi oil, to compensate for the lost crude after Hurricane Ida, which hit the Gulf of Mexico last month.

The media, which was monitored by Shafak News Agency, said that the loss of up to 250 thousand barrels per day of acid March crude (the proportion of sulfur in it is high), prompted some American refineries to search for alternatives for the deliveries of the last quarter of the year, especially the Iraqi Basra crude.

She indicated that the two companies, “ExxonMobil” and “Placid”, had received supplies of sour crude from American stores, from the strategic oil reserves, to meet the immediate needs.

A crude trader in the American Gulf stated that “American oil companies began buying additional shipments from Basra to be delivered in October, whose prices were very appropriate.”

Most of the nine US refineries that halted production during Hurricane Ida have returned to production.

A trader said that the refinery company “Marathon Petroleum” bought Basra crude for loading next October.

Data on Refinitiv Eikon showed that the Suez tanker “Gag Lina” was provisionally booked to load 1 million barrels of Basrah Light crude on October 10 for the United States.   shafaq.com

butterfly   Integrity: The money looted from Iraq is speculative numbers registered under fictitious names

Saturday 25 September 2021 | 01:03 PM   Integrity - The money looted from Iraq is speculative numbers registered under fictitious namesOn Saturday, the Federal Integrity Commission confirmed that the money looted from Iraq was registered under fake names in several countries, noting that “financial rewards” were given to return that money .

The Director of the Administrative and Financial Department of the Commission, Jassem Basem, said, “The sums of money looted from Iraq before 2003 are speculative figures, given that knowing the money is very difficult because it was recorded under fictitious names in the time of the previous regime .”

He added that “the statistics of looted money from Iraq before and after 2003 are not known and cannot be known .”

And Jassim indicated, “There is an initiative to return the money in accordance with the law, provided that the person obtains financial rewards from the money belonging to the state treasury .” aynaliraqnews.com

UNEEK   LEONARDO DA VINCI -- Italian - Author - Painter - Sculptor and Engineer ---

Born April 15 1452 - Died 1519    Great Quotes By Leonardo Da Vinci: 

"Patience serves as a protection against wrongs as clothes do against cold. For if you put on more clothes as the cold increases, it will have no power to hurt you. So in like manner you must grow in patience when you meet with great wrongs, and they will then be powerless to vex your mind."

"Oh Lord - thou givest us everything, at the price of an effort."

"You do ill if you praise, but worse if you censure what you do not understand."

"As a well-spent day brings happy sleep, so life well used brings happy death."

" I do not depart from my furrow" "Obstacles do not bend me" "Every obstacle is destroyed through rigor"

"Obstacles cannot crush me, every obstacle yields to stern resolve."

"The greatest deception men suffer is from their own opinions"

UNEEK   The Seven Da Vincian Principles:

1. Curiosita ---- Curiosity -- An Insatiably Curious Approach to Life and an Unrelenting Quest for Continuous Learning -- " The desire to know is natural to good men"

"Great minds ask great questions - The questions that engage our thought on a daily basis reflect our life purpose and influence the quality of our lives"

"The knowledge of all things is possible"

2. Dimostrazione ----- Experience -- A Commitment to Test Knowledge through Experience - Persistence - and a Willingness to Learn from Mistakes --

"To me it seems that those sciences are vain and full of error which are not born of experience, mother of all certainty - first hand experience which in its origins - or means - or end has passed through one of the five senses"

3. Sensazione ---- Senses -- The Continual refinement of the Senses - especially Sight - as the Means to Enliven Experience --

"All our knowledge has its origin in our perceptions"

"The five senses are the ministers of the soul"

4. Sfumato --- Going up in Smoke -- A Willingness to Embrace Ambiguity - Paradox - and Uncertainty

"To the medieval mind the possibility of doubt did not exist"

"The greatest geniuses sometimes accomplish more when they work less"

5. Arte/Scienza -- Art / Science -- The Development of the balance between Science and Art - Logic - and Imagination "Whole-brain" Thinking

"Everything is connected to everything else"

UNEEK   6. Corporalita -- The Cultivation of Grace - Ambidexterity - Fitness and Poise

"Death in old men - when not from fever - is caused by the veins... which thickens so much in the walls that they become closed up and leave no passage for the blood"

Sickness - "The discord of the elements infused ingelbto the living body"

Healing -- "The restoration of discordant elements"

"Every man wishes to make money to give to the doctors - destroyers of life; they therefore ought to be rich." ......."Shun physicians: because their drugs are a kind of alchemy... he who takes medicines is ill advised"

7. Connessione -- A Recognition of and Appreciation for the Interconnectedness of all Things and Phenomena - Systems Thinking

"Your brain is much better than you think"

Iron rusts from disuse, stagnant water loses its purity and in cold weather becomes frozen; even so does inaction sap the vigor's of the mind.  

"How To think Like Leonardo Da Vinci" - By Michael Gelb

butterfly   Tariq Harb explains the constitution’s position on normalization with Israel

2021.09.25 – 17:06   Tariq Harb explains the constitutions position on normalization with IsraelBaghdad – people

Legal expert Tariq Harb confirmed, on Saturday, that the Iraqi constitution does not prohibit calls for “normalization” with Israel, while stressing the respect for international obligations, including the countries represented in the United Nations.

Al-Harb said in a clarification followed by “Nass” (September 25, 2021), that “the constitution, in Article VII, specified one enemy for Iraq, which is terrorism, with regard to international relations when it decided to fight terrorism only,” adding that “the constitution prohibited inside the political entity (the party) that It adopts racism, terrorism, infidels, sectarian cleansing, or the party that is related to the (Saddam’s Baath) only and did not talk about a state.”

He continued, “The constitution did not mention the name of another country except for one country, Iraq. It did not mention the name of Israel or the name of any other country,” noting that “Article 8 of the constitution necessitated respect for international obligations, including the countries represented in the United Nations.”

He stressed that “it must be taken into consideration that Iraq is a member of the Arab League and that five Arab countries have normalized their relations with Israel without objection from the Arab League,” noting that “Article (18) of the constitution gave the right to those who were stripped of their citizenship to request its restoration, and this includes all Iraqi Jews whose citizenship was revoked under Law No. 1 of 1950 and Law No. 12 of 1951.

He pointed out that “Nationality Law No. 26 of 2006 in Article 14 prevented the children of Iraqi Jews from benefiting from the previous ruling, i.e. the ruling to restore citizenship, and this ruling contains talk about its constitutionality or its unconstitutionality.”

butterfly   And Harb added, “Crimes affecting the internal security of the state in the Penal Code No. 111 of 1969 stipulated the character of the enemy sometimes and the state of war at other times. We said that the constitution specified one enemy, which is terrorism only, and there is no state of war with any other country in accordance with the provisions of Article (61/ninth). of the constitution, which sets conditions for declaring war, and does not declare war with any country, according to the provisions of this constitution.  nasnews.com

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Zig’s Place Chatroom News Friday 9-24-21

Zig’s Place Chatroom News Friday 9-24-21

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

Butterfly   The Association of Private Banks calls on the government to focus on the digital economy

Friday 24 September 2021 14:40 Deputy Executive Director of the Association of Iraqi Private Banks, Ahmed Al-Hashemi, called on the government to focus on the digital economy during the current years to make Iraq keep pace with the development taking place in the world.

Al-Hashemi said, "Iraq needs to give the private sector the appropriate environment to transition to digital transformation, as the revolution in information and communications is currently similar to what the world witnessed in the industrial revolution that occurred in 1760," noting that "the next legislative authority needs to focus on supporting the digital economy." through appropriate legislation.

Al-Hashemi pointed out that "the world is witnessing great leaps in technological development, as the transactions of companies and citizens are completed via the Internet without any review, while Iraq is still adopting the primary mechanisms that increase financial and administrative corruption and contribute to the delay in completing the transaction in terms of time."

Al-Hashemi praised the government’s tendency to establish a youth support fund with an amount of 30 billion dinars, which supports technical projects, which contributes to the development of the Iraqi economy and makes young people go towards pioneering projects, pointing out that the private banking sector has begun to publish electronic payment tools in all the country, and requires owners of Stores must use a Pos device to organize the buying and selling process, reduce theft, waste, and others.   https://ninanews.com/Website/News/Details?key=928925

butterfly   https://ninanews.com/Website/News/Details?key=928890

The stability of the dollar exchange rate in Baghdad

Friday 24 September 2021 11:17 The exchange rates of the US dollar against the Iraqi dinar stabilized today, Friday, in banking shops and local markets in the capital, Baghdad.

And the selling prices of the dollar recorded, today, Friday, 147,500 dinars per 100 dollars, while the purchase prices of the dollar recorded 147,000 dinars per 100 dollars.

Doug_W   butterfly GM

butterfly   Hey Doug_W nothing new in Iraq, I feel, until after election 10/10/21.

Sheila   Here's a biggie: Nick's Update, 09/24/2021 AZ Leaked Results -- https://nicksintel.wordpress.com/2021/09/24/09-24-2021-az-leaked-results/

Butterfly   https://ninanews.com/Website/News/Details?key=928946

Iraq affirms its keenness to fulfill its international obligations, including achieving the United Nations Sustainable Development Goals for 2030

Friday 24 September 2021 17:47 Iraq affirmed its keenness to fulfill its international obligations, including achieving the United Nations sustainable development goals for the year 2030.

A statement by the Ministry of Foreign Affairs stated, "The Ambassador of Iraq in Madrid, Adel Mustafa Kamel, gave Iraq's speech on the occasion of the International Diplomatic Day at the Arab House Foundation, in the presence of United Nations agencies, specialists in the field of sustainable development, and a number of Arab embassies."

The ambassador affirmed Iraq's keenness to fulfill its international obligations, including achieving the sustainable development goals of the United Nations for the year 2030, where he assigned the Ministry of Planning to follow up on joint work paths in this field between state institutions and development partners from the private sector and civil society organizations, as well as the support provided by the United Nations Program Development «UNDP», an indication of the need to occupy building the human priority work in Iraq, given the size of the damage to the Iraqi individual as a result of successive eras of tyranny, war and violence. "

as Ambassador focused in his speech, the youth returned them the real wealth of the country and energy building where they make up and change More than 50% of the community.”

butterfly  Al-Abadi reveals new details about the “Pact” with Muqtada Al-Sadr

2021.09.24 – 14:39  Al-Abadi reveals new details about the Pact with Muqtada Al-SadrBaghdad – people

The head of the National State Forces Alliance, Haider al-Abadi, revealed, on Friday, new details about the “charter” that he signed with Muqtada al-Sadr, while he expected a participation of at least 40% in the upcoming elections.

Al-Abadi confirmed in an interview with the Kuwaiti newspaper “Al-Nahar”, a copy of which was received by “Nas” (September 24, 2021), that “we called and worked for the return of the Sadrist movement to participate in the elections, and we call and welcome the return of all those who called for a boycott.”

On the other hand, al-Abadi said that “the paper signed by many leaders, including al-Sadr, is a paper for the people, including a pledge to work to resolve the political system’s contracts, and to address important files related to the state and its political system.”

Regarding the announcement by some forces to boycott the elections, Al-Abadi indicated that “we understand the boycott decision, but we call for strong participation in the elections, because of our belief in the necessities of political diversity in managing Iraqi political life, and our belief that elections are the gateway to political action, and the possible means for change, reform and facing challenges. The only one capable of guaranteeing the integrity of the political system and its gradual development, provided it is fair and fair, and I expect a participation rate of no less than 40% in the elections.”  nasnews.co

butterfly  The Central Bank and the Environment: Soon, homes in Iraq will leave private generators through solar energy

2021-09-24 08:23  The Central Bank and the Environment - Soon homes in Iraq will leave private generators through solar energyShafaq News/ The Central Bank and the Ministry of Environment announced on Friday that the homes of residents in Iraq will soon leave the private generators and move towards solar energy at a lower cost and more sustainable.

The Ministry of Environment stated in a statement today that the National Committee for the Central Bank’s initiative to set the latest model specifications regarding granting loans for various activities, including residential, industrial and agricultural, in addition to citizens’ homes for the purpose of purchasing solar energy systems, will complete.

This came during the third meeting held at the headquarters of the Central Organization for Standardization and Quality Control .

Whereas, Ihsan Al-Yasiri, Deputy Governor of the Central Bank, confirmed during his presidency of the meeting that he who reviewed all the latest specifications that ensure that the systems are easy to use, sustainable, specifications and high quality for use by citizens and other activities, pointing out that the loans are with an interest of no more than 1%, which is It’s like a zero-interest loan

Al-Yasiri explained closely the launch of specifications and loans soon, and the year 2022 will witness a qualitative and clear shift in changing the behavior of the Iraqi individual in the use of renewable energy and solar energy, not only at the level of state institutions only, but will include homes but also at the level of housing complexes with soft loans and all industrial, agricultural and other activities.

butterfly  He also indicated that the Central Bank and the concerned banks will be ready to receive loan applications, and inevitably we will witness a great turnout to apply for such loans, especially as it will end the suffering of citizens from spending on private generators and the pollution they cause to air and hearing, and to go to solar energy systems that provide sufficient hours and clean, secure and costly energy. Less .

In turn, the head of the Central Organization for Standardization and Quality Control, Hussein Ali Daoud, explained that the agency has set determinants and governing controls that the techniques and equipment used are of international origin, high durability and long sustainability to ensure the success of this transition towards solar energy.

Director General of the Environmental Awareness and Information Department at the Ministry of Environment, Amir Ali Al-Hassoun, said that this national effort falls within the national plan of the government and the Ministry of Environment regarding climate changes and Iraq’s commitment to the Paris Climate Expenditure, in addition to achieving the goals of sustainable development and the ministry’s approach to raising awareness for the purpose of changing behavior towards renewable energy, which is one of the The tasks that we are still promoting in all sectors of Iraqi society.

He continued by saying: This committee is one of the outputs of the awareness and media effort that targets all government sectors, civil society organizations, unions, private sector institutions and citizens. shafaq.com

butterfly   A new rise in the reserves of the Central Bank of Iraq

Posted, 09-24-2021,PM 10:19  Central Bank of IraqThursday, the Central Bank of Iraq announced a new rise in the bank’s foreign exchange reserves.

The Deputy Governor of the Central Bank, Ihsan Shamran Al-Yasiri, said that “the foreign reserves of the Central Bank of Iraq witnessed a 14% increase compared to what they were on 31/12/2020.”

Al-Yasiri added: “It was worth $54.501 billion, to reach on 9/22/2021 (yesterday), to $62.155 billion, an increase of $7.654 billion,” according to the official agency.

And Prime Minister Mustafa Al-Kazemi announced, last April, that the Central Bank’s foreign currency reserves had risen to more than $60 billion.

Al-Kazemi said, in a statement, that “the central bank’s foreign currency reserves rose to more than 60 billion dollars, after it was 51.9 billion dollars before the reform measures of this government began.”

The Prime Minister added, “The increase came as a result of the reform measures taken by the government after many bet on their failure and non-continuity,” adding, “We succeeded in stopping the waste and great corruption in the notorious Central Bank auction, and we are proceeding with our procedures and we will not stop.”   non14.net

butterfly  Dollar exchange rates in the Iraqi market   2021-09-24 | 05:39

Dollar exchange rates in the Iraqi marketAlsumaria News publishes the exchange rates of the dollar against the Iraqi dinar in the local markets and Iraqi exchanges for Friday.

BAGHDAD – The Stock Exchange struggle  147.250

price in most of Baghdad Asirvat   buy  146.750   sale  147.750

Baghdad – Bursa Harithiyah  147.250   Basra –borsh  147.300   Arbil – Stock Exchange  147.425

Sulaymaniyah – Bursa  147,450   Dohuk –borsh  147,500   Mosul – Bursa  147.450   alsumaria.tv

Sheila   Court document: Florida Court Grants Injunction, Right to Privacy over Mandates -- https://mcusercontent.com/b202b4ff5b484e904c8e3cb80/files/1833fc5e-ff8a-1ad2-b15d-acb78d13e147/20210922_Order_Granting_Plaintiffs_Petition_for_Temporary_Injunction.pdf?fbclid=IwAR3JNgmXNbq1ktNYGd20daIgdk_zIaKZEvDge5vFb-RY3q2aMiC0MOXm-Ro

Sheila   Fraud vitiates everything.

Sheila   Have been writing that statement for months.

UNEEK   The darkest hour of any man's life is when he sits down to plan how to get money without earning it.- Horace Greeley

Laws go where dollars please.- Portuguese Proverb

Bankruptcy is a legal proceeding in which you put your money in your pants pocket and give your coat to your creditors.- Joey Adams

In the bad old days, there were three easy ways of losing money - racing being the quickest, women the pleasantest and farming the most certain.- William Pitt Amherst

Never invest your money in anything that eats or needs repairing.-Billy Rose

What some people mistake for the high cost of living is really the cost of living high.- Doug Larson

Definition of the upper crust: A bunch of crumbs held together by dough.- Anonymous

If the facts don't fit the theory, change the facts.   Albert Einstein (1879 - 1955), (attributed)

Facts do not cease to exist because they are ignored.  Aldous Huxley (1894 - 1963), "Proper Studies", 1927

Where facts are few, experts are many  Donald R. Gannon

Get the facts, or the facts will get you. And when you get them, get them right, or they will get you wrong.   Dr. Thomas Fuller (1654 - 1734), Gnomologia, 1732

Facts are facts and will not disappear on account of your likes.  Jawaharlal Nehru (1889 - 1964)

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence. John Adams (1735 - 1826), 'Argument in Defense of the Soldiers in the Boston Massacre Trials,' December 1770

We can have facts without thinking but we cannot have thinking without facts. John Dewey (1859 - 1952)

Doug_W   isn't that what the gurus do every day K?

Doug_W   If the facts don't fit the theory, change the facts. Albert Einstein (1879 - 1955),

UNEEK   ha ha

UNEEK   It is very difficult to discern and really truly know what the facts are and what the real truth of the matter is as there are humans gathering information from different sources which most likely contains some bias or twisted information or even honest misinformation

UNEEK   AND with that - we each have our own perspective - our own way of looking at things based on our knowledge and research - our intelligence to understand it and our emotional influence at the time

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Zig’s Place Chatroom News Thursday 9-23-21

Zig’s Place Chatroom News Thursday 9-23-21

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

Butterfly   A new rise in the world oil price  

Thursday 23 September 2021 11:58 Global oil prices rose today, Thursday, to continue their strong gains.

According to the Economy News website, US West Texas Intermediate crude futures rose 13 cents, or 0.2%, to $72.36 a barrel, while Brent crude futures rose 17 cents, or 0.2%, to $76.36 a barrel.

Both benchmark contracts jumped 2.5% on Wednesday after data from the US Energy Information Administration showed US crude stocks fell 3.5 million barrels to 414 million barrels in the week ending September 17, the lowest level since October 2018.  https://ninanews.com/Website/News/Details?key=928652

butterfly   https://ninanews.com/Website/News/Details?key=928665

A Russian company confirms the continuation of its projects in Iraq and sets conditions

Thursday 23 September 2021 12:04 The Russian Gazprom Neft, the oil arm of Gazprom, confirmed its intention to continue working on its projects in Iraq, where the Russian company is participating in several projects.

The vice chairman of the company Vadim Yakovlev told reporters, during his participation in the energy conference in Dubai on Thursday, said: Gazprom oil will not withdraw from its projects in Iraq , and the company is ready to expand cooperation, but after reaching agreements on the field Badra. "

He added:" There are opportunities To expand cooperation primarily in the Badra field, now about 50% of the reserves are actively developed, that is, exploration can continue in Badra and we are ready to do this, but we must first reform what we have already agreed on in principle.

"Yakovlev noted that: the agreements With Baghdad necessary to further develop the Badra field to recover the financial cost of the project.

Gazprom Neft, in partnership with the Iraqi government, is working to extract oil and gas from the Badra field in Wasit Governorate as part of a project that is considered the largest and most advanced in Iraq.

butterfly   https://ninanews.com/Website/News/Details?key=928700

The President of the Republic delivers Iraq's speech today before the General Assembly of the United Nations

Thursday 23 September 2021 12:46 The President of the Republic, Barham Salih, will deliver, between seven and nine o'clock this evening, Iraq's speech before the United Nations General Assembly.

A brief presidential statement said: "The president will talk about developments in the situation in Iraq and regional and international issues of concern."

butterfly  https://www.shafaq.com/en/Iraq-News/Saladin-tribal-leaders-exploiting-citizens-and-confiscating-their-voting-cards Saladin: tribal leaders exploiting citizens and confiscating their voting cards ........................... 2021-09-23 07:46

Shafaq News/ Official and popular circles in Saladin unanimously agreed on "tribal mobilization" for the upcoming parliamentary elections.

The director of the Office of the Human Rights Commission in Saladin, Idris Ahmed al-Issawi, told Shafaq News Agency, "The absolute orientation for the upcoming elections is purely tribe-based and exceeds 85%, with great pressure exerted by tribal figures who benefit from the elections and candidates, and forcing tribesmen to vote for specific candidates."

Al-Issawi said that according to the media and field monitoring of his office in the governorate, tribal candidates were exploiting voters to win votes. "The interests and pressures of clan heads overshadowed the desires of voters and those seeking change. Some tribal figures are confiscating voting cards under tribal and regional pressure without even any financial compensation."

He affirmed that the percentage of competing forces seeking change is 15%, amid an absence of youth and civil parties, and personalities aspiring for change.

Al-Issawi pointed out that there is a great electoral reluctance in Saladin, according to the current electoral data, which people see as far from their aspirations and demands, and has generated negative pessimistic reactions towards the upcoming elections.

"We look forward to elections that meet the aspirations of the citizens and the issues of Saladin, which are exhausted by problems. However, the reality does not reflect this."

For his part, one of Yathrib sub-district's notables, Sabhan Maher Al-Jumaili, revealed bargains and electoral exploitation practiced by candidates against the citizens, under the pretext, “we saved you from displacement and if you do not vote for us, you will be expelled

butterfly   again, according to Al-Jumaili.

Sheila   Friday, September 24, 2021 should be very interesing:

butterfly  Iraqi Dinar/US Dollar auction results for Sunday 9-26-2021 executed today 9-23-2021   United States DollarThe results of the foreign currency sale window Sunday 9/26/2021 and implemented today   Advertisement No. (4494)   Sale date – Sunday 9/26/2021 and executed today

the details  the amount   Total sale for the purposes of strengthening balances abroad (remittances, credits) 150,781,855  Total cash sale   64,050,000   total total sales   214,831,855

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/1110

butterfly  Dollar prices are witnessing a rise in the markets of Baghdad and Kurdistan

2021-09-23 08:20  Dollar prices are witnessing a rise in the markets of Baghdad and KurdistanShafaq News/ The exchange rates of the US dollar rose against the Iraqi dinar, on Thursday, on the main stock exchange in the capital, Baghdad, and in Kurdistan.

Shafak News Agency correspondent said that the Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad recorded this morning 147,300 Iraqi dinars, compared to 100 US dollars.

On Wednesday morning, the stock market recorded 147,150 Iraqi dinars, compared to 100 US dollars.

Our correspondent indicated that the buying and selling prices rose in the banking shops in the local markets in Baghdad, where the selling price amounted to 147,750 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 146750 Iraqi dinars per 100 US dollars.

In Erbil, the capital of the Kurdistan Region, the price of the dollar also increased, as the selling price reached 147,500 dinars per 100 US dollars, and the purchase price was 147,000 dinars per 100 US dollars. shafaq.com

butterfly   Parliament refuses to sell Iraqi oil to Jordan and Egypt at “almost free” prices

Thursday 23 September 2021 | Parliament refuses to sell Iraqi oil to Jordan and Egypt at almost free pricesOn Thursday, a member of the Parliamentary Economy and Investment Committee, Nada Shaker Jawdat, refused to sell Iraqi oil to Jordan and Egypt at preferential prices, calling for the revival of the Iraqi industry .

Jawdat said; “Iraq should invest crude oil in Iraqi refineries and petrochemical plants through the production of oil derivatives, plastics and detergents to get as much money as possible instead of selling crude oil at almost free prices to Jordan and Egypt .”

She added, “Both Jordan and Egypt obtain oil from Iraq at preferential prices to build power stations and produce petrochemical materials, to sell energy and oil derivatives to Iraq for billions of dollars .”

She pointed out that “it is not difficult for a country like Iraq, rich in oil and primary resources, to establish power stations, as it has all the ingredients and manpower to establish these stations, and therefore we will be able to meet the local demand for energy without importing this energy from neighboring countries .”

Jawdat demanded “the revival of Iraqi industry and the operation of laboratories to restore the country’s economic development and eliminate unemployment, and not to take hard currency abroad.”

aynaliraqnews.com

butterfly   https://ninanews.com/Website/News/Details?key=928749

The Turkish lira is falling against the US dollar after the central bank's decision to cut interest

Thursday 23 September 2021 17:09 The Turkish lira fell to 8.77 against the dollar following the central bank's decision on the interest rate.

The Turkish lira opened this morning at 8.66 against the dollar and followed a horizontal path until the announcement of the decision this afternoon, as the lira recorded 8.7443 in selling and 8.7413 in buying two hours after the decision was issued, while it recorded 10.2615 and 10.254 in buying and selling against the euro, respectively.

The Monetary Policy Committee decided this afternoon to reduce the interest rate on repurchase (repo) for a period of one week, from 19 percent to only 18 percent.

And the central bank stated in a statement that it will resolutely continue to use all the tools available to it until strong indicators appear indicating a permanent decrease in inflation and reaching the 5% medium-term target, in line with its main goal of price stability.

butterfly   https://ninanews.com/Website/News/Details?key=928825

A jump in global oil prices

Thursday 23 September 2021 21:49 International oil prices jumped this evening, Thursday, after a short drop in the afternoon, while investors continue to assess the possibilities of a decrease in oil supply in the market.

According to trading data, the price of futures contracts for Brent crude for the month of November increased by 0.92% to $76.89 per barrel, while futures contracts for West Texas Intermediate crude for the same month rose by 1.3% to $73.17 per barrel.

During the day, oil prices fell by 0.5%, but after the opening of trading in the United States, they returned to the “green” zone.

23 Sep 21, 07:01 PMsheila

09/23/2021 Tighter Than a Drum -- https://nicksintel.wordpress.com/2021/09/23/09-23-2021-tighter-than-a-drum/ --

Everybody is zipped up tighter than a drum.  No matter. We know everything anyway. Iraq has a new budget to announce. They’ve got a new currency in the bank. All of this is verified from multiple boots on the ground. This announcement is committed before the first of October, which is also the same time to deliver the budget to the Iraqi Nationals.

The new Golden Dinar is in the banks and the plan is being cemented by announcements describing this new abundance, roaring from the huge jumbotron monitors in every town square. The Iraqi People, throughout this nation which now includes Kuwait, are joyfully anticipating this new lifeline of hope for a brighter future. A future with lasting Peace across the Middle East is every mother’s and every father’s dream.

Once Iraq makes the announcement of the new Golden Dinar, as international, they have 4 days to get certain things done. It usually takes 3 to 4 days to get all protocols done. This money is in the banks but waits for this announcement and appropriate timing, to be loaded in ATMs. Announcements are expected to be out in the Mosque on Saturday.

This Saturday, September 25th is a good day for everyone to see this RV GCR launch begin in earnest.

Keep a good thought, a deeply felt prayer that the Democrats are unable to push their 3.5 Trillion budget through. That there are no further midnight shenanigans, “with a quorum vote” called, such as has happened throughout this United States history. Quid Pro Quo will not be happening with QFS…

They are not going to get further help that way. We’re about to get a new government once the Arizona audit results are made public. Every election done with Dominion and similar machines is called into question. Every election nullified. It only takes one state. It only takes one fraudulent election proven. This is being delivered right now.     Rubber meet road.

UNEEK   Views of the world from four different minds - four different sets of eyes - four different hearts - How do YOU see the world?

“A man sees in the world what he carries in his heart” - John Wolfgang Von Goethe

The Four Views

Once a wise master had four students who exceeded all others in ability. One day the five gathered, and the master spoke to the first student, “Tell me what you see when you look into the world.”

“I see savagery. The planet is raped.

The world hides from the truth. Contaminating material is released everywhere.

There is particulate matter in the heavens and acid rain.

The rain forests are being destroyed, and so is the ozone.

There is such ignorance and selfishness. The world needs so much correction.”

The master replied, “You are right, and I shall call you Correction, for you by your vision have committed to a world of need.”

UNEEK   To his second student, the master put the same question, “Tell me what you see when you look into the world.”

The second student replied, “Master, I see futility. Nothing can be done to change the ways of the world, though some will repent and call for change. Still, the world is condemned by the acts of man.

The sciences teach us that too many people are coming onto the planet, too much destruction has already been done, too little money is provided for science to adequately assist, and there is too little concern for ethics and values. Crime escalates while families decay. Law is lost.

“You too are right, and I shall call you Righteous, for your indignation beholds a corrupt world beyond repair while your heart suffers its pain. You shall be known for your words, and your works will express the sadness of your heart.”

UNEEK   The master turned his gaze to the third student. “And you, what do you see?”

“I see a world needing the restoration of Law. I do not believe hope is lost. I find encouragement in the words of my brothers, for they too recognize the need the world has for a change of ways. It is with confidence that I sense the willingness of man to change.

All good government is government of the people and for the people. It is through law and government that change can be effected. The mass will follow the right action and attitude of government. The agent for change exists and is law and government.”

“You also are right. I shall call you Government, for your words forge your observations and become what you teach. You will therefore be committed to a work of law and order through government.”

Finally, to the fourth student, the master put the same question, “And what do you see?”

“Master, I behold only miracles. Life is a miracle. All being is a miracle. Consciousness is a miracle.

I behold God in all creation. I sense the beauty of Love in the fragrance of the flower, in the smile of a child, in the warmth of lovers, in the glow of the stars.

UNEEK   When I look onto the world, I am greeted with its mysteries. It is with awe and reverence that each day unfolds its beauty.

I know that all things are good and that each expresses their good in their own appropriate manner for the moment.

I know that which my brothers speak about is but illusion, for only the eternal is real.

I will give no power to thoughts of scarcity, of limitation, of need, for all that is truly needed is here for us to behold, to recognize, and to accept. I wish only to give to the world the sight I have been given.

For with these modest eyes and senses, my heart is quickened by the glory of being.”

The master smiled before he spoke. “And you, my chosen student, I will call Truth, for your vision is of Truth, and its reward is the reality it sees.

You shall go unto man and teach from what you see, for yours is the vision of what is, and all that is possible rests in this peace. You shall be known by all men by your garments of serenity and peace.”

The master, speaking to all, added these words, “To each of you is the blessing of your vision. As you see the world, so the world reveals itself to you. You will know the world by your vision of it. To each of you will go the works of your sight. You will experience life according to your vision.”

Not only is our reality a matter of choice, but so is the power we give it. Only the eternal is incorruptible. Only the eternal is therefore true. All else is inherently false by definition. To be a master, one must begin by acting like a master. To grow, we must give.

The old saying “You cannot receive if the cup is full” is absolutely true of the human condition. As we sow, so do we reap. The first step then in self-actualization, is to give forgiveness and care. The old deep mind link memories disappear; the new memories become both the process and the goal.

UNEEK   https://www.eldontaylor.com/blog/

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 9-22-21

Zig’s Place Chatroom News Wednesday 9-22-21

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

Sheila  good morning all   Hope and Prayers for this great day. Waiting for Friday afternoon. We need a linchpin event!

Zig   sheila : To what event are you referring?

Sheila   Zig Any event that would launch this revaluation.

Zig   sheila : Why Friday afternoon?

Sheila  Zig Last Friday in this month.

Sheila   Zig Not many days left in this month.

butterfly   https://ninanews.com/Website/News/Details?key=928521

Central Bank Governor: We are working to activate payment systems through financial inclusion to reach all citizens   Wednesday 22 September 2021 13:48

butterfly   The Governor of the Central Bank of Iraq, Mustafa Ghaleb, said that we need to combine the state's measures to ease and reduce by launching a clearly defined strategy and starting with commodities that have an advantage, such as agricultural products.

In his speech during the annual conference of the financial and banking services exhibition, he added that it is not hidden from everyone that the central bank plays an important role in achieving macroeconomic balance in light of the conditions that have passed since 2019 until now through various monetary policy tools, we have faced many challenges. The most important of these are the drop in oil prices and GDP, the high budget deficit of the state and the high volume of the internal public debt.

To stimulate economic activity and reduce unemployment, the bank launched an initiative with an amount of more than 5 trillion dinars, in addition to the previous initiative launched in 2015 to stimulate the various industrial and agricultural sectors, services and housing in a balanced manner with reduced interest rates and sometimes without interest, as in the housing sector by achieving an economic renaissance.

And between the Governor of the Central Bank, that we need a concerted state action by reducing and launching a clear strategy and starting with commodities that have an advantage such as agricultural products.

butterfly    And he indicated that the Central Bank deducted treasury transfers 2020 and 2021 to finance the dues of the Ministry of Finance, despite the increase in debt and the negative impact, but it is a historical necessity to find a solution to the financial crisis that the country went through and to cross to safety.

He stressed that the Central Bank is working with the Ministry of Finance to reform government banks, as well as activating payment systems by activating financial inclusion and access to services to all citizens, as the number of accounts doubled from 3 million in 2019 to 6 million in 2020, and the number of electronic cards also increased From 10 million to 12 million cards.

He pointed out that as part of the Central Bank's efforts to combat money laundering and terrorist financing, it has succeeded in establishing an integrated system through the issuance of the Anti-Money Laundering Law No. 39 of 2015 and the Anti-Money Laundering and Terrorist Financing Office was established and issued several decisions that contributed to Iraq's exit from the gray area it issues.

You missed, and the Central Bank seeks to establish a sovereign fund for future generations in which state institutions and oil revenues contribute. The presence of the sovereign fund reduces the potential risks in light of oil price fluctuations and contributes to building a secure future for future generations.

With regard to the issue of digital transformation, the Governor of the Central Bank confirmed that the bank is working on developing technical infrastructure and cybersecurity, automating services, and setting and opening electronic wallets.

butterfly   https://www.shafaq.com/en/Economy/Iraq-to-launch-its-first-satellite-in-its-airspace Iraq to launch its first satellite in its airspace 2021-09-22 06:10

Shafaq News/ the Iraqi Minister of Communications Arkan Shahab al-Shaibani said Iraq would soon launch the first local satellite.

During the cyber security conference, Al-Shaibani confirmed that Prime Minister Mustafa Al-Kadhimi directed to launch the first satellite in the Iraqi airspace. “This step represents the prestige and sovereignty of the state.”

The Minister added that this action aims to “keep pace with changing technology in the telecommunications sector.”

Doug_W   it sure is quiet today

TWW   sheila I am doing very well, thanx...M-F I am in a Hyper Baric Oxygen Chamber for the nxt 4 wks. Yes Good Dayz are coming & mayb soooonner...how hav u been??

TWW   NDA starting spilling out now PACNW

Sheila  TWW Which hospital for HBOT? Not clear on NDA what you mean "spilling out"?

butterfly  https://www.thenationalnews.com/mena/iraq/2021/09/21/3500-year-old-gilgamesh-tablet-to-return-to-iraq/ 3,500-year-old Gilgamesh tablet to return to Iraq

The 'Epic of Gilgamesh' was acquired by US collector David Green in 2019

butterfly   truly amazing to view that tablet. You will have to click on the URL to see it.

professor dinard   Maybe the real value of the dinar are the friendships we made having them  :)

professor dinard   What do you amigos think will happen with housing market in near future?

Sheila   professor dinard disaster capitalism hits again as planned

UNEEK   “It’s easier to feel a little more spiritual with a couple of bucks in your pocket.”― Craig Ferguson

“Every time you borrow money, you’re robbing your future self.” — Nathan W. Morris

“The stock market is filled with individuals who know the price of everything, but the value of nothing.” — Philip Fisher

“Wealth is not his that has it, but his that enjoys it.” — Benjamin Franklin

“Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we’ve got 24 hours each.” — Christopher Rice

UNEEK   “Without continual growth and progress, such words as improvement, achievement, and success have no meaning.” – Benjamin Franklin

“Money is a terrible master but an excellent servant.” – P.T. Barnum

“Try to save something while your salary is small; it’s impossible to save after you begin to earn more.” — Jack Benny

“Wealth is the ability to fully experience life.” — Henry David Thoreau

“The individual investor should act consistently as an investor and not as a speculator.” — Ben Graham

. “Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas. — Paul Samuelson

“I’m a great believer in luck, and I find the harder I work the more I have of it.” — Thomas Jefferson

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 Early Tuesday 9-21-21

Zig’s Place Chatroom News Early Tuesday 9-21-21

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

butterfly   Nineveh Governor: Finance releases the frozen balances of Nineveh Governorate, amounting to 400 billion dinars   Tuesday 21 September 2021 11:21

butterfly   Nineveh Governorate, Najm Al-Jubouri, announced the release of frozen funds by the Nineveh Governorate's Ministry of Finance.

Al-Jubouri told the National Iraqi News Agency ( NINA ) that "the local government in Nineveh Governorate has officially received 400 billion dinars, the amounts of Nineveh's share were frozen in the Ministry of Finance."

Al-Jubouri added, "The sums received by the local government will be spent on hundreds of projects that are still suspended.    https://ninanews.com/Website/News/Details?key=928283

butterfly   https://ninanews.com/Website/News/Details?key=928305

The Egyptian Ambassador in Baghdad to / Nina /: Housing and electricity projects are the priorities of our companies to work in Iraq    Tuesday 21 September 2021 13:22

butterfly   The Egyptian ambassador to Iraq, Walid Ismail, affirmed that the housing and electricity sectors projects have priority with the interest of Egyptian companies to work in Iraq.

Ismail said, in a statement to the National Iraqi News Agency ( NINA ), that "we seek to implement 3 new housing projects in Iraq, as well as other projects in the fields of roads and electricity by Egyptian government companies."

He added, "The joint electrical connection project between Egypt, Iraq and Jordan has not yet seen the light, as the connection between Iraq and Jordan is currently underway, and then 10,000 megawatts will be supplied from Egypt to Iraq through the joint tripartite connection."

On the procedures for granting Iraqi visas to Egyptian citizens, the Egyptian ambassador said that they are "very difficult procedures, and this matter is related to technical and administrative procedures specific to the circumstances of each country," noting that "the Iraqi citizen coming to Egypt does not face obstacles currently, because he is fully aware of the language and locations of housing, roaming and food ".

Regarding tourism cooperation between the two countries, he explained that “the tourism sector in the region in general has been affected by the Corona pandemic,” noting that “Egypt is ready to receive tourists, and new agreements for tourism and aviation companies will be announced soon, after the number of flights reached 14 flights a week earlier. ".

And regarding the projects of industrial cities and free zones between Iraq, Egypt and Jordan, the Egyptian ambassador confirmed that "some complicated routine procedures led to the disruption of work, but the project is still in place and we seek to complete it as soon as possible."

butterfly   https://ninanews.com/Website/News/Details?key=928304

Iraq informs OPEC of its readiness to host its founding conference next year Tuesday 21 September 2021 13:04

butterfly   Iraq has informed OPEC of its readiness to host its founding conference next year.

The Secretary-General of the Organization, Muhammad Barkindo, said in a letter addressed to the heads of delegations of the member countries of OPEC and non-member countries, that "Iraq will host the sixtieth anniversary of the founding of the organization in the first quarter of 2022."

Barkindo added that "Oil Minister Ihsan Abdul-Jabbar Ismail informed me of Iraq's readiness, desire and ability to host the founding conference, after completing all the necessary arrangements."

He pointed out that "the General Secretariat of the Organization of the Petroleum Exporting Countries is in talks with the Ministry of Oil to ensure that all necessary logistical and preparatory requirements are arranged," noting that "we look forward to seeing you in Iraq at the beginning of 2022."

Barkindo had announced on June 30 that the Iraqi government had agreed to host the sixtieth anniversary of the founding of OPEC on September 30, 2021, in the People's Hall in Baghdad, but the Minister of Oil announced the postponement of the conference through a letter to OPEC.

butterfly   https://ninanews.com/Website/News/Details?key=928292

Foreign Minister: The Ministerial Committee of the Baghdad Conference for Cooperation and Partnership will hold a meeting in New York on the sidelines of the 76th session of the United Nations General Assembly

Tuesday 21 September 2021 11:57    Minister of Foreign Affairs Fouad Hussein announced that the Ministerial Committee of the Baghdad Conference for Cooperation and Partnership will hold a meeting in New York on the sidelines of the 76th session of the United Nations General Assembly.

A statement by the Ministry of Foreign Affairs said today that "the minister participated in the annual consultative meeting of the Council of the League of Arab States at the ministerial level, which was held at the headquarters of the Permanent Mission of the State of Kuwait to the United Nations, on the sidelines of the work of the 76th session of the United Nations General Assembly, headed by Sheikh Ahmed Nasser Al-Mohammed Al-Sabah. Minister of Foreign Affairs, Minister of State for Cabinet Affairs in the State of Kuwait, President of the 156th session of the Arab League, with the participation of the Secretary-General of the League of Arab States, Ahmed Aboul Gheit.

During the meeting, they discussed a number of topics on the agenda of the Assembly the work of the United Nations Fedortha 76, and the importance of strengthening joint Arab action, and unify attitudes towards the Palestinian issue and the challenges faced by countries in the region. "

Said the minister in his intervention, the number and configuration of the elections early and the arrival of observers The United Nations Security Council decided to support Iraq in the electoral process, and accordingly the observers were sent, and His Excellency called on the Arab League to send observers like the International Organization and the European Union.

In another aspect of his speech the minister discussed the Baghdad conference of cooperation, partnership and its outputs, declaring that the Ministerial Committee of the Conference will hold a meeting in New York on the sidelines of the session of the 76 General Assembly of the United Nations. "

butterfly   The Minister of Foreign Affairs stressed that the Baghdad conference will turn into a permanent platform for maintaining dialogue between the concerned countries, creating a state of cooperation and stability in the region, building economic partnerships, and protecting Iraq from external threats.

Dave   Would be COOL if the UN granted Iraq exit from Chapter 7 sanctions at its' meeting in NY

Sheila   Dave Is that happening in that FinTech gathering?

Dave   76th session of the United Nations General Assembly....

Dave   ...from butterfly's last post

Dave   Breaking News,,,,,,Dominion Canada's voting system selects Justin Trudeau as the next PM again...

Butterfly   https://ninanews.com/Website/News/Details?key=928377

Iraq and Finland are discussing ways of joint cooperation in various fields  Tuesday 21 September 2021 19:34

butterfly   The Senior Undersecretary of the Ministry of Foreign Affairs, Nizar Al-Khairallah, met the Ambassador of Finland to Iraq, Matti Lassila.

A statement by the Ministry of Foreign Affairs stated that: "During the meeting, they discussed ways of joint cooperation between Iraq and Finland in various fields, especially political, economic, educational and military, and seeking to upgrade and develop them."

The most important events in the political arena at the present time and the positive and mediating role of Iraq to bring the views of countries closer in the regional environment were also reviewed.

butterfly   Directing electricity to an Iraqi village that has not seen the light for 150 years

2021-09-21 07:38  Directing electricity to an Iraqi village that has not seen the light for 150 yearsShafaq News/ The director of Al-Baghdadi district, affiliated to Hit District, western Anbar Governorate, Sharhabil Al-Obaidi confirmed today, Tuesday, the direct extension of electric power poles and wires to deliver electricity service to the village of Sahel Houran, which is affiliated with the district, which has not seen the light since its establishment.

Al-Obaidi told Shafaq News Agency; “The local government in Anbar Governorate, during its recent visit to the district, directed it to work directly to connect the electric current to the village, and if the work is completed and the electric current is delivered to it, it will be the first time that the district has seen the light of day in more than 150 years.”

And Al-Obeidi said, “The local government has allocated an amount of 800 million dinars, which was deducted from the Heet district budget for the year 2021, to start work on delivering electricity to the village.”

the most we can talk about; The village of Sahel Houran, which is affiliated to Al-Baghdadi district, in the district of Hit, west of Anbar, has not seen the light since its establishment more than 150 years ago, and is inhabited by more than 700 people, most of whom are agricultural professionals, and it lacks all basic services, the most important of which are water, electricity, schools, and health care.   shafaq.com

butterfly   Parliamentary Finance: Investment projects will stop until the 2022 budget is passed

Tuesday 21 September 2021 | 01:09 PM   Parliamentary Finance - Investment projects will stop until the 2022 budget is passedA member of the Parliamentary Finance Committee, Ahmed Hama, confirmed, on Tuesday, that investment projects in the country will stop during the coming period until the passage of the draft law on the general federal budget for the country for the year 2022 by the new House of Representatives .

Hama said, “The court cannot stop the implementation of all paragraphs of the 2021 budget law, and therefore it is in effect as long as no decision is issued by it regarding the articles that the government has challenged with regard to articles (4, 12, 60, 50) and some other articles .”

He added that “the court’s decision, if issued, will obligate the application to stop the implementation of those articles,” stressing that “the court’s procedures are normal and there is no legal dispute in it .”

And he indicated that “the delay in approving the draft budget 2022 will affect the Iraqi citizen in particular and the investment projects in the country, because what will be spent are operating expenses only.”

aynaliraqnews.com

butterfly   A split hits the Kurdistan Union over Barham Salih’s second term

2021-09-21  A split hits the Kurdistan Union over Barham Salihs second termOn Tuesday, a political source revealed that the old leaders of the Patriotic Union of Kurdistan (PUK) refused to nominate the President of the Republic, Barham Salih, for a new term.

The source said that “the old leaders and prominent leaders in the Political Bureau and the Leadership Council nominate the official of the party’s working body, Mullah Bakhtiar, to take over the presidency of the republic.”

He added that “these leaders consider Saleh a failure in his position, and only the co-chairman of the party, Bafel Talabani, and his brother, the deputy prime minister of the regional government, Qubad Talabani, insist on him.”

The political forces are preparing to participate in the upcoming parliamentary elections, which will take place on the tenth of next month, in the hope of forming a new government capable of ending the various crises the country is going through.   burathanews.com

butterfly   Iraqi Dinar/US Dollar auction results for Wednesday 9-22-2021 executed today 9-21-2021

25k Iraqi Dinar notesThe results of the foreign currency sale window for Wednesday, 9/22/2021, and executed today  

Announcement No. (4492)  Sale date – Wednesday 9/22/2021 and executed today the details the amount Total sale for the purposes of strengthening balances abroad (remittances, credits)

172,038,484   Total cash sale 41,660,000  Total total sales   213,698,484

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/1108

butterfly   https://ninanews.com/Website/News/Details?key=928412

The New York Times: France is considering withdrawing from "NATO"   Tuesday 21 September 2021 22:31

butterfly   The New York Times said that Paris is considering withdrawing from the military command of the North Atlantic Treaty Organization "NATO" against the backdrop of the new security partnership (OCUS) between Australia, the United States and Britain.

The American newspaper stated: “French President Emmanuel Macron chose to escalate in response to the secret steps between the United States and the United Kingdom to sell nuclear-powered submarines to Australia, which in turn canceled the deal of regular submarines that it was seeking to import from France, especially since this step came six months ago. Only from the French presidential election."

She pointed out: "One of the ideas that revolves is France's withdrawal from the integrated military command structure of NATO, which it rejoined in 2009 after an absence of 43 years, considering that despite Macron's statements in 2019 that NATO is "clinically dead." The idea of ​​France withdrawing from the alliance would be a "radical" move, and she believed that "France is offended and will not easily forget what it sees as an American slap in the face."

butterfly  https://ninanews.com/Website/News/Details?key=928398

Biden calls for action on climate change and warns of a dangerous phase for humanity

Tuesday 21 September 2021 22:28 

butterfly  US President Joe Biden appealed to delegations participating in the United Nations General Assembly to take action on climate change, stressing that the situation is at a "dangerous" stage for humanity.

In his first speech to the General Assembly, Biden considered that the world is "rapidly approaching the point of no return" for extreme weather events that cause loss of life and losses of billions of dollars, noting that each country must "present its maximum possible ambitions" at the World Climate Conference. Next in Glasgow, Scotland, which Biden plans to attend.

Biden stated that he is working with the US Congress on climate investments, and encourages other leaders to work with their governments as well, explaining that this will help create good-paying jobs for their citizens.

He stressed that the United States is looking forward to moving forward after recently closing the page of 20 years of war in Afghanistan.

butterfly  https://www.shafaq.com/en/Economy/Iraq-to-maximize-hydrocarbon-resources Iraq to maximize hydrocarbon resources

butterfly  2021-09-21 07:14  Shafaq News/ The head of the National Oil Company, Ihsan Abdul-Jabbar Ismail, confirmed the company's keenness to maximize hydrocarbon resources through an integrated plan.

This came during a meeting he chaired to discuss a plan to enhance exploring gas fields, according to a statement issued by the Ministry of Oil.

Ismail said that the meeting comes as part of a series of intensive meetings and dialogues to put the final touches on the plan aimed at accelerating optimal investments for hydrocarbon wealth throughout Iraq.

Ismail indicated that the company is assessing the reality of hydrocarbon compounds, expecting "great wealth and storage", stressing that this plan will be presented to the Council of Ministers in order to be approved.

butterfly  https://www.shafaq.com/en/Iraq-News/Iraq-s-President-meets-with-Joe-Biden-in-New-York Iraq's President meets with Joe Biden in New York

butterfly  2021-09-21 15:51  Shafaq News/ The Iraqi President, Barham Salih met, on Tuesday, in New York, with his American counterpart Joe Biden, on the sidelines of the United Nations General Assembly meetings.

The Iraqi presidency said in a statement that during the meeting, both sides discussed bilateral relations between the two countries and ways to strengthen them in various fields within the strategic dialogue and in accordance with common interests.

Salih and Biden confirmed the necessity of supporting holding a fair electionns, and continuing to combat terrorism.

"Iraq looks forward to building close relations with the United States in the political, security, environmental, economic and cultural fields on the basis of common interests, and within the framework of the strategic agreement between the two countries," Salih said.

"Iraq follows a balanced policy that supports the diplomatic solutions to easing tensions, and the pivotal role in establishing security and peace in the region, as well as in confronting environmental challenges." The Iraqi President added

For his part, Biden praised Iraq's progress towards achieving stability and its efforts to ease regional tensions.

The US president affirmed the American support to Iraq's security and sovereignty. In addition to combating terrorism and strengthening its economy, and continuing joint work and coordination within the strategic dialogue in various fields."

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Zig’s Place Chatroom News Early Monday 9-20-21

Zig’s Place Chatroom News Early Monday 9-20-21

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

Butterfly   Iraq and Switzerland discuss joint cooperation

Monday 20 September 2021 13:35 https://ninanews.com/Website/News/Details?key=928155 Head of the Acting Protocol Department, Ali Shamran Hajim, received the Swiss Ambassador in Baghdad, Lucas Jacir.

A Foreign Ministry statement said that Hajim welcomed the ambassador, wishing him success in his work duties, expressing the readiness of the Protocol Department to provide full support for the success of the work of the Swiss mission in Iraq and in a manner that serves the interests of the two friendly peoples.

For his part, Jasser expressed his great thanks and gratitude for the efforts made by the Protocol Department to support the Swiss mission in the Republic of Iraq.

Butterfly   https://www.shafaq.com/en/Economy/Oil-down-on-stronger-greenback-rising-U-S-rig-count Oil down on stronger greenback, rising U.S. rig count ..................... 2021-09-20 01:06

Shafaq News / Oil prices fell on Monday, extending losses from Friday after the U.S. dollar jumped to a three-week high and the U.S. rig count rose, although nearly a quarter of U.S. Gulf of Mexico output remained offline in the wake of two hurricanes.

Brent crude futures fell 48 cents, or 0.6%, to $74.86 a barrel at 0410 GMT after losing 33 cents on Friday.

U.S. West Texas Intermediate (WTI) crude futures fell 55 cents, or 0.8%, to $71.42 a barrel, after declining by 64 cents on Friday.

"Strength in the USD over the last couple of days has provided some headwinds to the market," researchers at ING Bank said in a note on Monday.

Oil fell with the greenback near a three-week high following a rally on Friday on better-than-expected U.S. retail sales data. That bolstered expectations the U.S. Federal Reserve will begin reducing asset purchases later this year.

"WTI crude may consolidate over the next few trading sessions until the trajectory of the dollar is a little clearer," OANDA analyst Edward Moya said in a note.

ING said that a tapering announcement this week would "likely put some downward pressure on oil and the broader commodities complex," although it added such an announcement was more likely in November.

A stronger greenback makes U.S. dollar-priced oil more expensive for holders of other currencies, curtailing demand.

A rise in the U.S. rig count also kept a lid on oil prices. The oil and gas rig count rose by nine to 512 in the week to Sept. 17, its highest since April 2020 and double the level from this time last year, Baker Hughes said on Friday.

As of Friday, 23% of U.S. Gulf of Mexico crude output, or 422,078 barrels per day, remained shut, the Bureau of Safety and Environmental Enforcement reported.   Source: Reuters

Butterfly   For the first time since 2019, there is talk of a “no deficit” financial surplus in Iraq

2021-09-20 08:20  For the first time since 2019 there is talk of a no deficit financial surplus in Iraq Shafaq News / The Parliamentary Finance Committee announced, on Monday, that the salaries of employees will be secured for the current year, while it indicated that there is a surplus in the current budget.

This is the first time that a competent executive or legislative body has talked about the existence of a financial abundance, not a budget deficit.

The current year’s budget approved a deficit estimated at 28 trillion dinars.

A member of the Finance Committee, Naji Al-Saidi, told Shafak News Agency, “The salaries of employees in the current budget are absolutely secured, and there is a surplus and there is no deficit in the budget.”

Al-Saidi added, “The use of this surplus is to release employee bonuses and promotions, and most ministries’ budgets allow this,” noting that “special job grades will be launched for all ministries in the next budget.”

With regard to promotions, Al-Saidi pointed out that “it has been suspended for years, but most ministries allow promotions, including the Ministry of Education, and there is a plan in the rest of the ministries, and the financial allocation for the rest of the ministries will be provided and launched in the coming years.” shafaq.com

butterfly   A slight change in the exchange rates of the dollar in the Iraqi markets

Monday 20 September 2021 | 10:16 am  A slight change in the exchange rates of the dollar in the Iraqi markets The 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 147,750 per 100 dollars

The purchase price of the dollar is 146,750 per 100 dollars

And in the south :

The selling price of the dollar is 148,000 per 100 dollars

The purchase price of the dollar 147,000 per 100 dollars

And in the north:

The selling price of the dollar is 147,750 per 100 dollars

The purchase price of the dollar is 146,750 per 100 dollars  aynaliraqnews.com

butterfly   Parliamentary Finance: The 2022 draft budget is incomplete and will arrive with the election date   Monday 20 September 2021 | 01:01 PM

Parliamentary Finance - The 2022 draft budget is incomplete and will arrive with the election date A member of the Parliamentary Finance Committee, Jamal Cougar, said on Monday that the draft federal budget law for the year 2022 is still incomplete with the Ministry of Finance, stressing that the draft must reach the House of Representatives on the tenth of next October, i.e. the date of the elections .

Cougar said, “The draft federal budget law is bound by specific timelines in the Financial Management Law, and therefore setting the budget strategy and completing the first version was supposed to end in the middle of this month and be sent to the Council of Ministers .”

He added that “the project is not complete so far, and the Ministry of Finance still has it without sending it to the Council of Ministers for the purpose of adopting it as a bill,” noting that “the project must reach Parliament on the tenth of next October, which coincides with the holding of early elections .”

And that “the law will, of course, be carried over to the new parliamentary session, and the first tasks of Parliament will be to legislate the budget law.”   aynaliraqnews.com

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