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

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

Butterfly   Low oil prices in world markets

Wednesday 21 July 2021......Oil prices fell today, Wednesday, after an industrial report showed an unexpected increase in US oil stocks last week, which raised fears of a re-emergence of Covid-19 infections, which could weaken demand for fuel.

By this morning, Brent crude futures fell 47 cents, or 0.68%, to $68.88 a barrel, giving up Tuesday's 1.1% gain. US West Texas Intermediate crude futures were down 50 cents, or 0.7%, at $66.70 a barrel, after rising $1 on Tuesday.

US crude inventories rose by 806,000 barrels for the week ending July 16, according to two market sources citing figures from the American Petroleum Institute.

"The fear of Delta is firmly in control of the oil market sentiment, after putting a big question mark about the demand recovery narrative in the past several weeks," said Vandana Hari, energy analyst at Vanda Insights.

butterfly  Al-Rafidain Bank announces an increase in the percentage of financial interest on deposits

Wednesday 21 July 2021......Al-Rafidain Bank announced that opening savings and current accounts for citizens will be in the bank’s branches, in order to deposit their money in the bank instead of hoarding it in homes and obtaining rewarding financial returns.

The bank's media office said in a statement that it was decided to increase the interest rate on six-month deposits to 4.5 percent, as well as increasing the interest rate on fixed deposits for a period of one year to 5.5 percent.

The statement added that the interest rate on deposits for two years was increased to 6.5 percent.

butterfly   The stability of the dollar exchange rates in the local markets

Wednesday 21 July 2021.....Today, Wednesday, local markets witnessed stability in the dollar exchange rates.

The selling price of the dollar in banking shops amounted to 148.750 dinars per 100 dollars, while the purchase prices settled at 148.250 dinars per 100 dollars.

Zig   They want people to stop putting their cash under their mattresses LOL

butterfly   Zig at least they don't have enough to make a mattress.

butterfly   IMF Report into Iraq's Customs and Tariffs.......21st July 2021.........The International Monetary Fund (IMF) has published a new report into Iraq's customs and tariff arrangements.

This report summarizes key findings and recommendations from a remote technical assistance (TA) assignment performed by a short-term expert (STX), Mr. Djamel Bouhabel, from January 17 to February 4, 2021, to the General Customs Authority of Iraq (GCA).

The main objective of the TA was to advise GCA on the development and effective application of customs assessment processes based on international standards and best practices.  (Source: IMF)

butterfly   Iraq, Saudi discuss Cooperation in Economy and Investment............21st July 2021....On Monday, Prime Minister Mustafa Al-Kadhimi received the Saudi Minister of Commerce, Majid bin Abdullah Al Qasabi, and his accompanying delegation.

During the meeting, they discussed the development of bilateral relations between Baghdad and Riyadh, and ways to enhance cooperation in the fields of economy and investment, and to work to enhance and develop the inter-trade movement.   (Source: Govt of Iraq)

butterfly   "Cautious Steps" toward Privatizing Iraq's Electricity Sector.......21st July 2021.....Iraq takes cautious steps toward privatizing electricity sector

With the increasing power cuts in Iraq, calls are mounting to expand privatization as a permanent solution.

Click here to read the full story. https://www.al-monitor.com/originals/2021/07/iraq-takes-cautious-steps-toward-privatizing-electricity-sector

butterfly   Seven Power Plants For Oil Refineries In Iraq...........21st July 2021......The Anglo Belgian Corporation (ABC) and Kunz have been selected to contract and design seven power plants (14 gensets) for several oil refineries in Iraq.

The generated power contributes to the start and back-up process of these refineries and is independently generated by two gensets on each site.

The complete gensets were designed and assembled in the factory of ABC in Ghent, Belgium. In 2015 these gensets were shipped and installed in Iraq. Today, the complete plants of Al Kesik, Kirkuk 1 and Al Qayara 1 are commissioned. Kirkuk 2, Al Qayara 2, Al Sinya and Haditha will follow soon.

An overview of following ABC engines/gensets per refinery:  *kWm & kVA/power plant  (Source: ABC)

AL KESIK 2x 8DZC - 2496 kWm - 3000 kVA

Al QAYARA 1 2x 16VDZC - 4960 kWm -6000 kVA

Al QAYARA 2 2x 16VDZC - 4140 kWm - 5000 kVA

KIRKUK 1 2x 12VDZC - 3316 kWm - 4000 kVA

KIRKUK 2 2x 16VDZC - 4140 kWm - 5000 kVA

AL SINYA 2x 12VDZC - 3324 kWm - 4000 kVA

HADITHA 2x 12DZC - 3324 kWm - 4000 kVA

Butterfly   Catholic Monsignor Who Wanted to Deny Biden Communion Resigns After Cellphone Links Him to Gay Dating App https://hillreporter.com/catholic-monsignor-who-wanted-to-deny-biden-communion-resigns-after-cellphone-links-him-to-gay-dating-app-107426 ............. well I'll be **  the truth always comes out.

butterfly   This is a nation of...............freedom of religion!

butterfly   This Viral Tweet Thread Shows How the World's Billionaires Could Help End Extreme Poverty

“Big Tech billionaires could give $139,300,000,000 away... & still be as rich as they were in 2020." https://www.globalcitizen.org/en/content/viral-tweet-thread-forbes-billionaires-list/?template=next&utm_campaign=share&utm_medium=post-action&utm_source=twitter&_branch_match_id=946400524087411544

Sheila  Compliments of the Paradigm Shift Network, a member (Lady T) shares her views and perspectives on the exchange process for your personal edification.

TRY NOT TO SHOOT THE MESSENGERS AND PAY ATTENTION TO THE MESSAGE:

Made Public on July 21, 2021   https://event.webinarjam.com/go/replay/34/ry4w4hvra0whn0hl

FOR THOSE OF YOU THAT HAVE A PROBLEM WITH TNT/TONY/RAYREN, YOU MAY IMMEDIATELY DISMISS THIS WEBINAR.  HOWEVER, THIS MIGHT BE HELPFUL TO NEWBIE - NOVICES THAT MIGHT NEED THIS TYPE OF PRESENTATION.

Zig   sheila : Everything (well "most" everything...lol) is welcome to be posted in here including promoting other chats/forums/whatever....so check it out if you wish https://event.webinarjam.com/replay/34/5v181h39a3yhz5hnov0  I will keep my mouth shut about Tony and other so-called Gurus MOST of the time other than when I go on a rant.....lol....Decide for yourself.....

Sheila   Zig listening to the end right now. Lady T has done something good for masses involved in this speculation. There are many lacking basic negotiating skills along with extra banking features they can discuss.

Zig   sheila : A great "problem" we all should have: having to negotiate what % the bank will take for exchanging our currencies....probably the more currency you have the better the deal.....

Sheila   Zig This Lady T's webinar is very good information for many to hear summarized. Q&A at end is also educational. Only thing I would add is making sure Exchange/Bank persons sign on the dotted line on any documents we are required to sign.

Tebow   only document you'll need is deposit slip

Sheila   @Zig Lady T goes into how to spend Interest and not Principle. Like I said, IMHO, overall, this is a good presentation.

Zig   sheila : Okay....thanks

Sheila   @Zig Be sure to listen to Q&A. More substance in that part of webinar.

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