Zig’s Place Chatroom News Thursday AM 12-9-21

Zig’s Place Chatroom News Thursday AM 12-9-21

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

butterfly  Economist: Two Parties Benefit The Most From Changing The Exchange Rate

12/09/2021 | 5:21 PM   Economist - Two Parties Benefit The Most From Changing The Exchange RateInformation / Baghdad..

The economic expert, Manar Al-Obaidi, stated, on Thursday, that companies and banks are the biggest beneficiaries of the exchange rate change that took place at the beginning of this year.

Al-Obaidi said, in a post on his Facebook page, which was followed by the “Information” agency, “At the beginning of 2021, the exchange rate of the dinar against the dollar was changed, and one of the goals was to reduce the differences between the official exchange rate and the exchange rate in the local market.”

He added, “Depending on the data of the Central Bank of Iraq, the value of sales in central dollars from the beginning of 2021 until October 2021 amounted to about 29 billion US dollars, a decrease of 20% compared to 2020 and by 31% compared to 2019, but it is still higher than the sales of the Central Bank for the year 2016 which amounted to $26.5 billion.

He pointed out that “the percentage of differences between the central exchange rate and the exchange rate in the local market amounted to 1.82%, and the value of the differences until October of this year amounted to 526 million US dollars, a decrease of 52% compared to 2020, where the value of the differences was 1.11 billion US dollars, but the differences increased.” Compared to 2019, by 13%, where the value of the differences was 464 million US dollars.”

 butterfly  He continued, “The year 2015 was the highest in differences, as it amounted to 2.6 billion US dollars at the time, or 7.41% of the total sales. Therefore, reaching 1.82% is considered an achievement in reducing the value of the differences significantly.”

He considered that “these differences made profits for many banks and companies that benefited from these amounts, especially in the years (2015, 2016 and 2017), where the percentage of differences exceeded 7%.”

He pointed out that “the total differences between 2010 and 2021 amounted to more than 18 billion US dollars, representing 4% of the total sales of the Central Bank, which amounted to 450 billion US dollars.” finished/25h almaalomah.me

 butterfly   WELL NOW THIS IS VERY GOOD NEWS: The Central Bank of Iraq announces the suspension of the automatic deduction of Kuwait’s compensation

The Central Bank of Iraq announces the suspension of the automatic deduction of Kuwaits compensationThe Central Bank of Iraq announces that it has terminated all necessary banking arrangements with the US Federal Reserve to stop the automatic deduction of Kuwait’s compensation from Iraqi crude oil export revenues, and confirms the possibility of paying the entire remaining amount of compensation before the end of the current year 2021 to end this file.

Central Bank of Iraq   information Office  December 9, 2021   cbi.iq/news/view/1891

butterfly  After the Central Bank banned dealings with it, the National Bank of Iraq distances itself from the Shawaqfeh

2021-12-09 07:44   After the Central Bank banned dealings with it the National Bank of Iraq distances itself from the ShawaqfehShafaq News/ On Thursday, the National Bank of Iraq denied its relationship with Khaled Al-Shawaqfeh, who was prevented by the Central Bank of Iraq from working in the Iraqi central sector in general.

A statement issued by the bank stated that what was recently circulated through social media and some news websites related to the decision of the Central Bank of Iraq to prevent Khaled Al-Shawaqfeh from working in the banking sector, which was incorrectly referred to in those websites as the authorized director of the National Bank of Iraq, is a disgrace. about health.

The statement added that the authorized director of the National Bank of Iraq is Ayman Omran Abu Dhaim, who has held his position since 2018 until now, noting that the bank represented by its authorized director Abu Dhaim has nothing to do with what was circulated and that the name of the bank was incorrectly mentioned by those media outlets.                                                                                                                   

In its statement, the bank noted that “through its strong commitment to standards of transparency and integrity, it enjoys the confidence of the supervisory authorities in Iraq, especially the Central Bank of Iraq, and enjoys a reputable reputation in the Iraqi market, through which it was able to expand its customer base and gain their trust.”

butterfly   The bank continued that it was able to become the fastest growing bank for individual services in Iraq with its advanced services, which the bank provides through its 19 branches located in all Iraqi cities. It provides its services to individuals and companies through its advanced digital platform based on the latest technologies.

The bank also indicated that it had recently obtained the approval of the Iraqi and Saudi Central Banks to open a branch of the bank in the Kingdom of Saudi Arabia, and this step comes as a continuation of the expansion plans pursued by the bank. Note that the National Bank of Iraq is part of the Capital Bank Group – Jordan, which is considered one of the most important financial institutions in the region.

And the Central Bank decided to ban dealing with the so-called Khaled Ahmed Al-Shawaqfeh.

According to a letter signed by the Deputy Governor of the Central Bank, Imad Hamad Khalaf Agency, and reviewed by Shafak News Agency, it was decided to permanently prevent Al-Shawaqfeh from working in the Iraqi banking sector due to grave violations and non-compliance with the laws, regulations and circulars issued by the bank, the Anti-Money Laundering Office, and financing terrorism.   shafaq.com

butterfly   Washington stops the automatic deduction of Iraqi oil revenues to compensate Kuwait

2021-12-09   Washington stops the automatic deduction of Iraqi oil revenues to compensate KuwaitThe Chairman of the Committee of Financial Experts, Abdul Basit Turki, revealed today, Thursday, that the US Federal Reserve has stopped the automatic deduction from Iraqi oil revenues in favor of Kuwait’s compensation.

Turki said in a press interview, “The Committee of Experts received a notification from the Central Bank of Iraq and the Compensation Committee, stating that the US Federal Reserve had stopped the deduction.”

Pointing out that “a final batch of Kuwait’s compensation amounting to 43 million dollars remains to be paid through the Central Bank of Iraq in one go, so that Iraq will end these compensations in full, which amount to 52.38 billion dollars.”

And he indicated that Iraq should seek to get out of the provisions of Chapter VII of the UN Charter.

Turki called for “the Ministry of Foreign Affairs and the concerned authorities to move to urge the formulation of a draft resolution that includes removing Iraq from the provisions of Chapter VII of the Charter of the United Nations completely.”

The Iraqi government intends to pay the last batch of compensation for the Kuwait war, before the end of this year, after depositing, the day before yesterday (Tuesday), more than 207 million US dollars, in the compensation account with the US Federal Reserve, to end the compensation file completely.

The UN Compensation Committee was formed in 1991, obligated Baghdad to pay $ 52.4 billion in compensation to individuals, companies, governmental organizations and others who incurred losses resulting directly from the invasion of Kuwait.

Iraq stopped making payments in 2014 during the war on ISIS, the terrorist organization that took control of large parts of the country, but it resumed payments in 2018.   burathanews.com

butterfly   After the conquest, Al-Watania filed a lawsuit with the Federation of 14 evidence to cancel the elections  

2021-12-09  After the conquest Al-Watania filed a lawsuit with the Federation of 14 evidence to cancel the electionsThe National Coalition, headed by Iyad Allawi, announced, on Thursday, that it had filed a lawsuit with the Federal Court, in which it challenged the electoral process.

The coalition stated in a statement that it “presented to the Federal Court 14 technical and administrative violations that accompanied the holding of the past elections, as well as the constitutional and legal violations committed by the Electoral Commission, reinforced by arguments, arguments and conclusive evidence that led to a change in its results and caused great harm and distorted the true numbers of voters.”

The statement added, “The changes that took place in the final results after examining a number of boxes are clear evidence of fraud in the results of those elections.”

In its statement, the coalition demanded that the electoral process should be “abolished completely in accordance with the provisions of the constitution and in accordance with the provisions of the jurisprudence and legal rule (what is built on falsehood is false).”   burathanews.com

butterfly   Within a week .. 7 billion shares were traded with more than 7 billion dinars in the Iraqi Stock Exchange

Thursday 09 December 2021 The Iraqi Stock Exchange organized, during the first week of the current month of December, five trading sessions from Sunday, 05/12/2021 to Thursday, 09/12/2021.

A statement to the market stated: The number of shares traded during this week amounted to more than (7) billion shares, and the value of shares traded this week reached more than (7) billion dinars.

He added: The trading index closed in the market for the first session of the week at (563.66) points, while the index closed at the end of the week at (561.57) points, recording a decrease of (0.37%) from its closing in the first session.

He explained: During the week, more than (4000) sale and purchase contracts were executed on the shares of companies listed in the market. https://ninanews.com/Website/News/Details?key=943836

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Zig’s Place Chatroom News Wednesday PM 12-8-21

Zig’s Place Chatroom News Wednesday PM 12-8-21

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

Butterfly   An Iraqi official reveals the fate of the dollar exchange rates during the next year

2021-12-08 07:35   An Iraqi official reveals the fate of the dollar exchange rates during the next yearShafaq News/ An official in the Iraqi government confirmed, on Wednesday, that Iraq has not floated its local currency, indicating that the US dollar exchange rates will remain stable for the next year 2022.

The official source told Shafaq News Agency, “Dollar prices will remain stable for the next year 2022, as long as the dollar price will remain unchanged in next year’s budget,” noting that “Iraq has not floated its local currency.”

The source, who chose not to reveal his name, added that “the bank’s continued sales of the dollar through its daily auction maintains the stability of the dollar, explaining that it will intervene if it rises to more than reasonable.”

He continued, “The dollar’s decline or rise will be affected by supply and demand in the central bank auction, which will usually be limited.”

The source pointed out that “the central bank’s cash sales are sufficient to cover the local markets by its dealers and citizens,” adding that “the unstable security and political conditions will negatively affect the dollar’s prices, albeit in a limited way as well.”

The Central Bank of Iraq decided to adopt the new exchange rate of the Iraqi dinar against the US dollar at (1450 dinars to one dollar), and the government evaluated the 2021 budget under the new exchange rate of the dinar and canceled the old exchange rate, which was up to (1,190 dinars).

It is noteworthy that the price of the dollar rises and falls from time to time, but it did not fall less than what the Central Bank set at 145 thousand dinars against 100 dollars, and did not rise to more than 150 thousand dinars against 100 dollars, while the prices recorded in the main stock market in Baghdad today 148,050 dinars each 100.   shafaq.com

butterfly    Al-Juhaishi: The Iraqis Are Able To Expel The Americans Within 3 Days, With Only Stones

12/08/2021 | 11:53 AM   Al-Juhaishi - The Iraqis Are Able To Expel The Americans Within 3 Days With Only StonesThe Information/Baghdad…

Security expert Muayyad al-Juhaishi confirmed, on Wednesday, the ability of the Iraqi people to expel the American forces within 3 days and with only stones, indicating that the American side cannot withstand the will of the people.

Al-Juhaishi said in a televised interview, which was followed by “The Information”, that “the survival of the American forces in Iraq is not possible after the end of this year due to the popular rejection of their presence.”

He added, “The Iraqi people can even target the American army with stones and prevent it from leaving its bases in Iraq and will force it to leave immediately.”

Al-Juhaishi indicated that “the resistance will intensify its attacks and will be harsh against the American army in the event that it does not leave, and targeting the coalition convoys are only warning messages.”

almaalomah.me

butterfly  The UN Security Council condemns the bombing of Basra and stresses the need to hold the perpetrators of terrorist acts accountable

Thursday 09 December 2021 00:10 The UN Security Council condemned the terrorist bombing in Basra, which killed a number of innocent civilians.

In a statement, the Security Council urged all countries to actively cooperate with the Government of Iraq.

He stressed: "The need to hold the perpetrators of these heinous terrorist acts, their organizers and financiers accountable, and bring them to justice."

The Council renewed its support for the security of Iraq and the continuation of the war against the terrorist Daesh. https://ninanews.com/Website/News/Details?key=943737

butterfly    Japanese scientists develop masks that can detect corona virus

Thursday 09 December 2021 00:24 Scientists in Japan announced the development of face masks that can track the Corona virus by glowing after exposure to ultraviolet (UV) rays.

And the Japanese "Kyodo" agency said that a team of scientists at Kyoto Prefectural University in the west of the country developed the masks using antibodies extracted from ostrich eggs.

"The masks will provide users with an easy way to test whether they have contracted the virus," the team, led by university president Yasuhiro Tsukamoto, said in a statement.

Regarding the mask’s mechanism of action, the statement clarified that “a sample of the Corona virus glows on the face mask filter under ultraviolet light, after spraying it with a fluorescent dye containing antibodies.”

The team also developed a special filter that is placed inside a face mask.

The statement added, "The filter can be taken out and sprayed with a fluorescent dye that contains antibodies to the Corona virus derived from ostrich eggs, and if the virus is present, the filter will glow when shining under ultraviolet light."

The experiments were conducted for 10 days on 32 people infected with the Corona virus.

Scientists found that all the masks that people with the virus were wearing glow under ultraviolet light, and then the glow fades over time and their viral load decreases.

The team of scientists concluded its statement by saying: "If all goes well in the ongoing tests, we hope to obtain approval from the Japanese authorities to sell masks next year."

https://ninanews.com/Website/News/Details?Key=943738

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Zig’s Place Chatroom News Wednesday Afternoon 12-8-21

Zig’s Place Chatroom News Wednesday Afternoon 12-8-21

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

Butterfly   The Central Bank decided to ban dealing with the Director of the National Bank of Iraq, Khaled Ahmed Al-Shawaqfeh.\    https://ninanews.com/Website/News/Details?key=943617\

butterfly   Economist to / Nina /: Oil prices will rise to $100 .. and the 2022 budget must be a qualitative budget that matches the expected high revenues

Wednesday 08 December 2021 The economic expert, Raad Twij, suggested that oil prices would rise to $100 in the coming weeks.

Twig said in a statement to the National Iraqi News Agency / NINA /: The declines in oil prices are still not sharp, vibratory and temporary, due to the weak effect of the mutated micron from Corona.

The international community has lowered its forecast for global economic growth in a simple way that does not exceed 0.1 as a result of the small impact of the micron mutator on the world’s economies.”

He pointed out that the expectations of growth rates for the Iraqi economy will jump from 3.6% in 2021 to 10.5% in 2022, so it must be a budget 2022 A qualitative budget that matches the expected high revenues.” https://ninanews.com/Website/News/Details?key=943583

butterfly   The stability of the dollar exchange rates on the main stock exchange

Wednesday 08 December 2021 The exchange rates of the US dollar against the Iraqi dinar stabilized, today, Wednesday, on the main stock exchange.

Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad recorded this morning 148,050 Iraqi dinars, compared to 100 US dollars, which are the same prices recorded on Tuesday morning.

And the buying and selling prices were stable in banking shops in the local markets in Baghdad, where the selling price amounted to 148,500 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 147,500 Iraqi dinars per 100 US dollars, which are the same prices recorded yesterday morning, Tuesday. https://ninanews.com/Website/News/Details?key=943568

butterfly   Official: Schulz wins German chancellorship

Wednesday 08, December 2021 Social Democratic Party representative Olaf Scholz won the German chancellorship in a parliamentary vote today, Wednesday, replacing Angela Merkel, after she spent 16 years in this position.

And Bundestag President Barbel Bass announced that Scholz, 63, who served as Vice-Chancellor and Finance Minister in the outgoing Merkel government, won a clear majority of 395 votes from lawmakers in the German parliament.

Schulz received a warm welcome from lawmakers, and parliamentary leaders presented him with bouquets of flowers.

After being formally nominated by President Frank-Walter Steinmeier at the presidential residence, Schulz will return to Parliament to be sworn in before the deputies, and in the afternoon, Merkel will hand over the Chancellery to the new leader.

Schulz will lead an unprecedented three-way coalition at the federal level with the Greens and the Liberal Democrats in a political alliance that would have been difficult to imagine in the past.

https://ninanews.com/Website/News/Details?key=943605

butterfly   https://ninanews.com/Website/News/Details?key=943605

butterfly   The Turkish president announces his country's readiness to reduce the tension between Russia and Ukraine

Wednesday 08 December 2021 Turkish President Recep Tayyip Erdogan announced his country's readiness to play the role of mediator in order to reduce the tension between Russia and Ukraine.

Erdogan said in a press statement that Ankara is closely following the repercussions of the tension between Russia and Ukraine, and we hope that the escalation between the two sides will be reduced as soon as possible.

He added, "We are ready to provide the necessary support to reduce the tension between Russia and Ukraine, which has escalated in recent weeks, and to open a channel of dialogue between the two parties, and that Ankara will do what it is responsible for in order to establish security and stability in the region." https://ninanews.com/Website/News/Details?key=943624

butterfly   Biden in a message to Congress: There will be no American combat forces in Iraq at the end of 2021

Posted, 2021-12-08 20:40   Biden in a message to Congress - There will be no American combat forces in Iraq at the end of 2021Shafaq News/ US President Joe Biden said that there will be no US forces carrying out combat missions in Iraq after December 31, 2021.

Biden said, in a letter he sent to the US Congress, that the United States continues to work with partners in the fight against terrorism, alluding to the deployment of military forces in the Middle East to support allies in the fight against terrorism.

He added that a small number of American soldiers have been deployed to Yemen to carry out operations against al-Qaeda and ISIS.

And he added in his message, “We have forces in Saudi Arabia to protect our interests in the region from any hostile acts by Iran.”

He continued, “America is working closely with the Yemeni government and its regional partners to undermine the influence of terrorist groups.”   shafaq.com

butterfly   An Iraqi faction postpones operations targeting Americans until further notice

2021-12-08 04:59   An Iraqi faction postpones operations targeting Americans until further noticeShafaq News/ The Sayyid al-Shuhada Brigades decided, on Wednesday, to postpone the military operations against the American forces in Iraq that were scheduled to start early next year, until further notice, according to what the Secretary-General of the “Babylon” movement, Rayan al-Kildani, reported.

Al-Kildani said, in a statement received by Shafaq News Agency, that he met the leader of the Sayyid al-Shuhada Brigades, Abu Ala’ al-Walaei, against the background of opening the door to volunteering for Iraqi youth to take up arms against the American forces in the event that they did not abide by the agreement between Baghdad and Washington with the withdrawal of the American army from Iraq on 31 This December.

Al-Kildani indicated that he asked the governor to postpone the date of the military operations because it coincided with the festive season of the New Year and the birth of the Prophet Jesus among the Christians, stressing that the latter agreed to postpone the military operations and escalation until further notice.

Al-Kaldani hoped that this would be a “message of peace inside and outside the Iraqis, as they cross into the new year with determination, will and determination for the future.”

The commander of the “Sayyid al-Shuhada” Brigades, Abu Ala’ al-Wala’i, had announced earlier that the door for Iraqis to volunteer to take up arms against the American forces and carry out military operations against them, starting from midnight on December 31, after “the resistance factions felt the administration’s lack of seriousness.” According to the commanders and leaders of a number of those factions, on several occasions, according to their forces from Iraq.    shafaq.com

Butterfly   I have a brain freeze and perhaps someone out there can help me remember the dates. I know that all international banks close the month of January and can't remember those dates.

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

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

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

Butterfly   Rising oil prices in the world market

Tuesday 07, December 2021 Oil prices rose today, Tuesday, after concerns eased about the impact of the Omicron mutator on global fuel demand, and the faltering nuclear talks with Iran, which disrupted the return of Iranian crude supplies to the market.

Saudi Arabia raised the official selling price, after OPEC + agreed to continue to increase supplies by 400,000 barrels per day in January, despite the withdrawal from the US strategic oil reserve.

Brent crude futures rose 60 cents, or 0.8%, to $73.68 a barrel.

US West Texas Intermediate crude futures rose 74 cents, or 1.1%, to $70.23 a barrel, after rising 4.9% in the previous session.

Oil prices fell last week, amid fears that available vaccines would be less effective in resisting the new mutant, Omicron, which raised fears that governments would resort to re-imposing restrictions to limit its spread, which could harm global growth and demand for oil. https://ninanews.com/Website/News/Details?key=943317

butterfly   Former US Diplomat: Washington Will Remain In Iraq After 2021

Politician   Last Update 12/07/2021 | 1:36 PM  US Assistant Secretary of State David Schenker confirmed, on Tuesday, the continuation of the US military presence in Iraq beyond 2021, indicating that the US military presence is necessary, especially with the recent terrorist attacks, he said.

David said in a televised interview, which was followed by "The Information", that "the recent attacks against the Iraqi forces and the Peshmerga are evidence of the urgent need for the survival of US forces and the international coalition forces in Iraq, and at the same time stressed that the United States of America will remain in Iraq at the diplomatic and military levels."

Schenker stressed "the urgent need at the present time for the presence of cooperation between the Iraqi forces and the Peshmerga forces to confront the attacks of ISIS, and at the same time stressed the need for the survival of the coalition forces and the American forces to confront the dangers of ISIS."

The Iraqi government and the White House signed an agreement on the US withdrawal from Iraq at the end of this year, after the dissolved parliament issued a decision to withdraw foreign forces completely. https://almaalomah.me/2021/12/07/569284/

butterfly   Kurdistan Union: One Voter Voted 100 Times In An Electoral Center!

Politician   Last Update 12/07/2021 | 1:15 PM   The Patriotic Union of Kurdistan revealed, on Tuesday, the existence of a major fraud in the electoral process, indicating that talking about the integrity of the elections is unrealistic, especially after regaining two seats in favor of the Union.

Member of the Union, Ghiath al-Sorji, said in a statement to "Al-Maalouma" that "the evidence of fraud and manipulation of the election results is great, as our sources in the Union indicate that a person participated 100 times in the vote, something that did not happen in the history of the elections, while the nomination rates in some stations in Nineveh were 97% in the elections." When the rate did not exceed 24%.”

Al-Sorji added, "Dozens of evidence presented by various political forces, whether Shiite, Sunni and Kurdish, on falsification of the election results and their lack of integrity in a large percentage, as confirmed by the Commission."

He explained that "talking about the integrity of the elections is unrealistic, and the evidence is the return of two seats in favor of the Patriotic Union of Kurdistan from two different governorates in the electoral districts."

On Sunday, the Federal Supreme Court had set December 13 as the date to consider the appeal submitted by the head of the Al-Fateh Alliance Hadi Al-Amiri regarding the falsification of the election results and their cancellation. https://almaalomah.me/2021/12/07/569280/

butterfly   Legal: The Federal Court Has Its Own Options For Total Or Partial Approval

Politician  Last Update 12/07/2021 | 9:13 AM   Legal expert Ali Al-Tamimi confirmed, on Tuesday, that the Federal Supreme Court has several options regarding the total or partial approval of the election results.

Al-Tamimi said to "Al-Information", that "the postponement of the consideration of the lawsuit submitted by (Hadi Al-Amiri), until the 13th of this month, means that the court will not ratify during the current days the election results until after the lawsuit submitted by the aforementioned person is resolved, as well as the lawsuits Similar to it, it is either on the side of the lawsuits or rejects them and then decides on the issue of approving the final results that will be pending until these lawsuits are decided.”

He added, "The court can certify the results in general if their status is correct after the audit, or partially certify, as happened in 2018, when some candidates were excluded due to the presence of criminal restrictions on them."

Al-Tamimi explained, "The court also has the option not to ratify or refuse to ratify based on constitutional or legal violations or appeals that carry evidence. The court is free to delay ratification until the commission is completed." https://almaalomah.me/2021/12/07/569213/

butterfly   Kurdistan Union: One Voter Voted 100 Times In An Electoral Center!

Politician   Last Update 12/07/2021 | 1:15 PM  The Patriotic Union of Kurdistan revealed, on Tuesday, the existence of a major fraud in the electoral process, indicating that talking about the integrity of the elections is unrealistic, especially after regaining two seats in favor of the Union.

Member of the Union, Ghiath al-Sorji, said in a statement to "Al-Maalouma" that "the evidence of fraud and manipulation of the election results is great, as our sources in the Union indicate that a person participated 100 times in the vote, something that did not happen in the history of the elections, while the nomination rates in some stations in Nineveh were 97% in the elections." When the rate did not exceed 24%.”

Al-Sorji added, "Dozens of evidence presented by various political forces, whether Shiite, Sunni and Kurdish, on falsification of the election results and their lack of integrity in a large percentage, as confirmed by the Commission."

He explained that "talking about the integrity of the elections is unrealistic, and the evidence is the return of two seats in favor of the Patriotic Union of Kurdistan from two different governorates in the electoral districts."

On Sunday, the Federal Supreme Court had set December 13 as the date to consider the appeal submitted by the head of the Al-Fateh Alliance Hadi Al-Amiri regarding the falsification of the election results and their cancellation. https://almaalomah.me/2021/12/07/569280/

butterfly   Legal: The Federal Court Has Its Own Options For Total Or Partial Approval

Politician  Last Update 12/07/2021 | 9:13 AM  Legal expert Ali Al-Tamimi confirmed, on Tuesday, that the Federal Supreme Court has several options regarding the total or partial approval of the election results.

Al-Tamimi said to "Al-Information", that "the postponement of the consideration of the lawsuit submitted by (Hadi Al-Amiri), until the 13th of this month, means that the court will not ratify during the current days the election results until after the lawsuit submitted by the aforementioned person is resolved, as well as the lawsuits Similar to it, it is either on the side of the lawsuits or rejects them and then decides on the issue of approving the final results that will be pending until these lawsuits are decided.”

He added, "The court can certify the results in general if their status is correct after the audit, or partially certify, as happened in 2018, when some candidates were excluded due to the presence of criminal restrictions on them."

Al-Tamimi explained, "The court also has the option not to ratify or refuse to ratify based on constitutional or legal violations or appeals that carry evidence. The court is free to delay ratification until the commission is completed." https://almaalomah.me/2021/12/07/569213/

TWW   https://www.msn.com/en-us/news/technology/aws-is-still-down-with-large-parts-of-the-internet-gone-with-it/ar-AARzzmX?ocid=msedgntp :AWS is still down - with large parts of the internet gone with it...MAY THIS BE THE BIG EVENT????

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Zig’s Place Chatroom News Monday PM 12-6-21

Zig’s Place Chatroom News Monday PM 12-6-21

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

butterfly   2021-12-05 07:33   More than 3.5 billion dollars in sales of the Central Bank of Iraq in November Shafaq News/ The Central Bank of Iraq’s sales of hard currency during the month of last November amounted to more than 3.5 billion dollars.

Shafak News Agency correspondent stated that the Central Bank sold 3 billion and 682 million and 736 thousand dollars during the month of November when it opened its auction for the sale and purchase of US dollars, at a rate of 167 million and 397 thousand and 128 dollars per day, down from last October, which amounted to The average sales are 174 million and 848 thousand and 861 dollars.

Our correspondent indicated that most of these sales went in the form of remittances abroad to finance foreign trade, while the selling price of the dollar transferred to bank accounts abroad, in addition to the cash sale, amounted to 1460 dinars per dollar.   shafaq.com

butterfly   The Federal Court sets the date for considering evidence related to the cancellation of the election results

2021-12-05   The Federal Court sets the date for considering evidence related to the cancellation of the election resultsToday, Sunday, a judicial source revealed that the Federal Court decided to postpone consideration of the lawsuit submitted by the head of the Al-Fateh Alliance Hadi Al-Amiri to cancel the election results.

The source said to the official agency: “The Federal Court decided today to postpone consideration of the lawsuit submitted by the head of the Al-Fateh Alliance Hadi Al-Amiri to cancel the election results to the 13th of this month.”   burathanews.com

butterfly  Iraqi Dinar/US Dollar auction results for Monday 12-6-2021 executed today 12-5-2021

25k Iraqi Dinar notes The results of the foreign currency sale window Monday 6/12/2021 and executed today

Announcement No. (4541)  Sale date – Monday 6/12/2021 and executed today the details the amount

Total sales for the purposes of strengthening balances abroad (remittances, credits)  143,934,282

Total cash sale  44,460,000    total total sales  188,394,282

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/1167

Butterfly   “Iraq paid $490 million in compensation last Tuesday from the amount determined by the UN over the ousted regime’s invasion of Kuwait in the early 1990s,” a statement from the Iraqi embassy in Kuwait read.

Iraq aims to finish the rest of the payments at the beginning of next year. Taking account of the last payment, Iraq stands to owe a total of $629 million due to the invasion of Kuwait. Earlier, Iraqi authorities pledged to finish out the rest of the payments by the end of 2021. https://menaaffairs.com/kuwait-receives-490-million-in-war-reparations-from-iraq/

butterfly   As the year end gets closer and closer I wonder if they will pay off that remaining payment.

butterfly   Oil Minister: Iraq cannot bear any significant drop in oil prices

Monday 06 December 2021 23:15 Minister of Oil and Chairman of the National Oil Company Ihsan Abdul-Jabbar announced that Iraq cannot bear any significant drop in oil prices.

Abdul-Jabbar said in a televised statement: "OPEC is trying to control the energy market in a positive way, noting that there is no political pressure on the Total contract."

He added, "We are trying to withdraw unemployment through the establishment of major projects, and we are also trying to produce 7 and a half megawatts of clean energy."

He continued: "We are working to secure clean and sustainable energy for future generations, adding that there are differences between Baghdad and the Kurdistan Region related to oil production and export." https://ninanews.com/Website/News/Details?key=943289

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Zig’s Place Chatroom News Monday AM 12-6-21

Zig’s Place Chatroom News Monday AM 12-6-21

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

Butterfly   Coordination Framework: We Will Present Our Demands Paper To The Sadrist Bloc Next Tuesday

Politician  Last Update 12/05/2021 | 4:35 PM   A member of the coordination framework, Hamid al-Moussawi, confirmed, on Sunday, that the framework will present a demand paper at the meeting that it will gather on Tuesday with the Sadrist bloc.

Al-Moussawi said in a statement to the Information Agency, that "the paper will include the withdrawal of US forces from Iraq and their commitment to the date, the fight against corruption, the decline in the performance of the Iraqi state and external attacks, the rights of the provinces in the center and south, and the results of the elections."

He added that "what is being presented on Tuesday is related to reforming the political process, unifying the discourse of the Shiite house for the next stage, and heading for a single national cover," noting that "the reform paper will start from the coordinating framework."

And that "the meeting will delve into the basic issues that were addressed in the first meeting briefly and go into details with the Sadrist movement with regard to the formation of the government."

Former MP Falah Al-Khafaji revealed in a previous statement to “Al-Maalouma” that the second meeting of the framework forces and the Sadrist movement will be held next Tuesday after the first meeting that was held at the home of the head of the Al-Fateh Alliance Hadi Al-Amiri to reach a unified vision for the upcoming political process. https://almaalomah.me/2021/12/05/568895/

butterfly   The Federal Court Sets A Date To Consider The Cancellation Of The Elections

Politician  Last Update 12/05/2021 | 1:08 PM  The Federal Supreme Court has set today, Sunday, December 13th, as the date to consider the appeal submitted by Hadi Al-Amiri, the head of the Al-Fateh Alliance, regarding the falsification of the election results and their cancellation.

A well-informed source said in a statement to "Information" that "the Federal Supreme Court today examined several lawsuits regarding the election results and the election law, which were submitted by the head of the Al-Fateh Alliance Hadi Al-Amiri and in the presence of leaders in the framework such as Ahmed Al-Asadi, Muhammad Salem Al-Ghabban, and election technicians."

He added, "The Federal Court has postponed consideration of the lawsuit submitted by the head of the Al-Fateh Alliance Hadi Al-Amiri to cancel the election results to the 13th of this month to consider the appeal submitted."

It is noteworthy that the Al-Fateh Alliance announced earlier that it would file a lawsuit with the Federal Supreme Court to look into the violations that accompanied the elections and that amount to the annulment of their results. https://almaalomah.me/2021/12/05/568842/

why not   Prof. Dr. Mahmoud Mohamed Dagher: The possible repercussions of the monetary issuance in Iraq04/12/20210 The list of the financial position of the Central Bank (in most of it) and through the liabilities side reflects the state of the monetary base represented in the total currency in circulation (cash issuance), in addition to the various bank reserves (legal, additional) which reflect the state of change in the deposits of the banking system.

Therefore, the large volume of cash issuance in the Iraqi economy represents a negative situation and is reflected in its high percentage in the total money supply. M1 reached the end of March 2020- 113.6 trillion dinars, of which the currency constitutes 47%, while deposits occupy 53%.

This picture changed at the end of June / 2021 (according to the available data) to become M1 140.5 trillion dinars, divided into 54% currency, 46% current deposits. It should be noted that the large increases in monetary issuance (from 53.8 trillion in March 31, 2020 to 76.1 trillion at the end of October 2021) was accompanied by a relative increase in the currency contribution outside banks (from 90% to 93%) compared to the modest contribution of the currency to the agency Banking, a continuous feature of the Iraqi monetary system.

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

Monday 06 December 2021 The dollar exchange rates recorded, on Monday, relatively stable in the main stock exchange and local markets in the capital, Baghdad.

The dollar exchange rate on the Central Kifah Stock Exchange in Baghdad stabilized at 148,000 thousand dinars, for every $100, which is the same price yesterday.

The prices of buying and selling the dollar also stabilized in banking companies and local markets in Baghdad, where the selling price reached 148,500 dinars and the purchase price 147,500 dinars, compared to 100 dollars, which are the same prices yesterday. https://ninanews.com/Website/News/Details?key=943144

butterfly   Foreign Ministry: The tablet "Gilgamesh's Dream" arrives in Baghdad tomorrow

Monday 06 December 2021 Spokesman for the Ministry of Foreign Affairs, Ahmed Al-Sahhaf, announced: "The "Dream of Gilgamesh" tablet will arrive in Baghdad tomorrow," noting that "the diplomacy of recovery has returned more than 17,500 antiquities during this year."

It is reported that the "Dream of Gilgamesh" is a 3500-year-old clay tablet containing inscriptions in the Sumerian language for parts of the poetic "Epic of Gilgamesh." It was stolen from Iraq and traded in international auctions in 1991, and in 2007 it was entered into the American art market, then confiscated. US Department of Justice 2019. https://ninanews.com/Website/News/Details?key=943160

butterfly   Cougar: The Next Budget Will Exceed The Severe Deficit

12/06/2021 | 9:45 AM   A former member of the Parliamentary Finance Committee, Jamal Cougar, confirmed, on Monday, that the next budget for the year 2022 will exceed the “severe deficit” that dominated the previous budget.

Cougar, a winning parliamentary candidate for the current session, said, in an interview seen by "The Information", that "the government of the current Prime Minister Mustafa Al-Kazemi suffered a financial crisis, but during the last four months there was a breakthrough," adding: "But we cannot say that the treasury The country is full and the economic conditions are comfortable for various reasons.”

He added that "in the 2022 budget, Iraq will have passed the stage of severe deficit, but this does not mean that we are in a state of economic recovery," noting that "the deficit included in the current budget was originally a planned deficit, so we will be facing no deficit, and in this case We will turn into abundance, but this abundance is not in such large numbers.”

Cougar explained, “The bank reserve was on the edge, and there were warnings to the Iraqi government that if the bank reserve decreased, the Iraqi currency would lose its purchasing power, so it was strengthened, and now we have overcome the problem of strengthening the bank reserve to some extent, and there remain debts for some Iraqi banks. It must be addressed.” https://almaalomah.me/2021/12/06/568996/

butterfly   Rights: The Government Seeks To Keep US Forces, But Does Not Have The Strength To Do So

12/06/2021 | 5:41 PM   A member of the Rights Movement, Mohsen Al-Saidi, considered, on Monday, that the government wants to empty the issue of the exit of US forces from its content by sticking to the presence of advisers.

Al-Saidi said in a statement to the Information Agency, that "the government aspires to keep the American forces in Iraq, but it does not have the right to decide because it is expired," noting that "we do not accept the reconsideration of the decision to leave the American forces."

He added, "The Popular Mobilization and the heroes of the resistance are the ones who demand the exit of the American forces, and Al-Kazemi seeks to keep them in Iraq in one way or another under the pretext of consultation," noting that "advice and information means changing their military clothes with official suits."

He pointed out, "The government does not have the powers to issue any decision that is contrary to the parliament's decision, which stressed the end of the American presence in Iraq by the end of this year."

Al-Fateh Alliance, earlier, warned the political parties against disrupting the withdrawal of the occupation from Iraq, warning that this means returning to square one. https://almaalomah.me/2021/12/06/569141/

butterfly   An American report suggests increasing US forces to spare Iraq and the world an “Iranian catastrophe”

2021-12-05 07:51   An American report suggests increasing US forces to spare Iraq and the world an Iranian catastropheShafaq News/ The US “International Policy Digest” website concluded that Iraq is facing a situation similar to what Afghanistan faced recently, as it is not ready for the withdrawal of US forces from it, and if this withdrawal occurs, the world is threatened with facing a new “disaster”.

And the beginning of the report of the American website, which was translated by Shafak News Agency; Afghanistan was not ready for the US military withdrawal, and now there are minorities facing grave dangers, terrorism is growing, and many Afghans are now facing the suffering of displacement and extreme poverty.

Similarly, the report considered that Iraq will face growing pressures and threats from Iran and extremist groups, as soon as America withdraws its remaining 2,500 forces by the end of 2021.

Therefore, the report considers that, instead of withdrawing from Iraq, the United States should increase the number of personnel of the American force stationed in Iraq to 3,500 until the end of 2022, explaining that “the increase in the size of the forces will reduce the potential for security threats, and promote the rebuilding of the Iraqi military forces, It increases the security of Iraqi citizens.”

butterfly   The report stated; “The US-Iraqi relations are important to the stability of the Middle East,” referring to Washington that helped Iraq fight ISIS, and provided diplomatic, economic and political support to help Iraq achieve stability, and therefore the withdrawal of the United States will make Iraq more vulnerable to extremist attacks by militants of the Popular Mobilization Forces Funded by Iran, which will encourage to undermine the government. “Iran will enhance its influence and military presence throughout Iraq,” he added.

The report pointed out that increasing the size of the US force in Iraq to 3,500 by the end of 2022 will reduce security threats, as there are internal threats due to the targeting of the Iraqi government officials and citizens by the Popular Mobilization Groups, and there are existing external threats from the increasing Iranian pressure, and its bets on expanding influence Shiites in Iraq.

He added that the US military presence can help the Iraqi forces maintain stability throughout the country, and the increase in the number of US forces can contribute to rebuilding and stabilizing the Iraqi army, which has been weakened since it began its battle with ISIS, and is currently unable to confront internal and external threats. alone.

However, the report considered that Iraq cannot, and should not, continue to depend on the United States, adding that by helping to rebuild and cohesive Iraqi forces now, the United States would be able to withdraw early with full confidence that the Iraqi army would be able to defend the country.

However, according to the report, if the United States withdraws completely by the end of 2021, “the Iraqi army will collapse.”

butterfly   He added that the increase in the number of the American force will provide additional protection for Iraqi citizens who are at risk of ground and air attacks, and that the American forces have a greater ability to use modern technology to monitor and deter attacks targeting various locations throughout Iraq, and therefore the possibility of losing civilian lives will likely be reduced.

In addition, the report pointed out that the increase in the number of US forces stationed in Iraq will make internal and external groups interpret this as an “indicator of aggression”, and that the extremist groups will most likely view this presence as a “preparation to confront them directly.”

He also noted that militant groups and Iran may increasingly attack US and Iraqi forces in response.

However, the report considered that with the increase in the number of US forces, the Iraqi army will have greater access to advanced technology to monitor and deter potential attacks, and greater protection for civilian lives.

The report concluded by calling for an increase in the size of the US force in Iraq to 3,500, explaining that the world should not witness a new disaster like Afghanistan, and that this increase would allow Washington to make a complete and early withdrawal in the future with its full confidence that the Iraqi army can defend itself.

Until then, the report said, the US military will maintain a vital presence in a stable Middle East, and will also protect the lives of many Iraqi citizens. “The time is now for the United States to act, and to ensure a prosperous and stable future for Iraq, the Middle East and the world,” he added.   shafaq.com

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Zig’s Place Chatroom News Saturday AM 12-4-21

Zig’s Place Chatroom News Saturday AM 12-4-21

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

butterfly   OPEC: Iraqi oil exports will rise to 4.281 million barrels per day next month

Saturday 04 December 2021 The Organization of the Petroleum Exporting Countries announced today, Saturday, that the share of Iraqi oil production will exceed four million and 200 thousand barrels per day during the month of next January, after the "OPEC +" agreement to increase 400 thousand barrels per day.

The organization stated in its schedule, that "the production quota for Iraq for the month of January was set at 4.281 million barrels per day, an increase of 44,000 barrels per day from the month of December, which amounted to 4.237 million barrels per day and an increase of 88 thousand barrels per day over last November."

And she added, "The production of Saudi Arabia and Russia was set at 10.122 million barrels per day, during the month of January, an increase of about 104 thousand barrels per day from the month of December, and the UAE's production share increased by 31 thousand barrels per day, to reach 2.916 million barrels." daily for the next month.

She pointed out that "the share of OPEC from the planned increase of 400,000 barrels per day in January will amount to 254 thousand barrels to reach 24.554 million barrels per day, while the share of allied with OPEC will reach 146 thousand barrels to reach 15,794 million barrels per day."

And "OPEC +" agreed, during its meeting last Thursday, to increase its oil production by 400,000 barrels per day, according to the previously agreed schedule. https://ninanews.com/Website/News/Details?key=942788

butterfly   A decrease in Iraq's oil exports to America within a week

Saturday 04 December 2021 The US Energy Information Administration announced today, Saturday, that Iraq's oil exports to the United States decreased to 221,000 barrels per day, on average, during the past week.

The administration said in a report, that "the average US imports of crude oil during the past week from ten countries amounted to 5.869 million barrels per day, an increase of 314,000 barrels per day over the previous week, when the average amounted to 5.555 million barrels per day."

And she added, "America imported crude oil from Iraq at a rate of 221,000 barrels per day during the past week, down from the previous week, which was 245,000 barrels per day."

She noted that "most of America's oil revenues during the past week came from Canada at a rate of 3.773 million barrels per day, followed by Mexico at a rate of 657,000 barrels per day, followed by Saudi Arabia at a rate of 457,000 barrels per day, then Colombia at a rate of 224,000 barrels per day."

According to the administration, "the amount of US imports of crude oil from Russia amounted to an average of 189 thousand barrels per day, followed by Brazil at a rate of 142,000 barrels per day, then Trinidad and Tobago came with 72 thousand barrels per day, then Nigeria came at a rate of 4 thousand barrels per day." https://ninanews.com/Website/News/Details?key=942769

butterfly   Economist: The return of the dollar exchange rate to the previous is unlikely.. for this reason

Saturday 04 December 2021 The specialist in economic affairs, Maitham Laibi, ruled out the return of the dollar exchange rate to the previous exchange rate against the dinar, attributing this to the fact that this measure would prejudice the credibility of the central bank and monetary policy.

Laibi said in a statement to the National Iraqi News Agency / NINA /: “It is unlikely that the central bank or the government will return the dollar exchange rate to the previous one, and if it does, this will greatly prejudice the credibility of monetary policy, meaning that the private sector; and the public in general, has confidence in the government’s actions from In order to achieve its goals, such as targeting inflation and achieving stability.

He stressed: "The Central Bank's retreat from its decisions will shake confidence with the public and make the public build its decisions on the basis of the imbalance of the rules of the game between the two parties and turn stability into a series of actions and their negative responses, especially since the private sector in a country depends on a managed exchange rate, making it subject and receiving signals. From the central bank and the government, not the market.”

He continued, "The "manipulation" of the exchange rate counters from time to time will further complicate this already critical relationship, especially since the Central Bank, in its previous announcement, after which the exchange rate was changed, made it clear that this amendment is final and for one time. https://ninanews.com/Website/News/Details?key=942745

butterfly   The price of Basra Light crude fell by more than $3 a barrel

Saturday 04 December 2021 The price of Basra Light Crude decreased, recording a weekly loss, which amounted to more than $3, with the drop in oil prices last week.

Basra Light Crude decreased by $3.60 to $71.69, to record a weekly loss of $3.6, or 4.78%.

Brent crude rose by 21 cents to reach $69.88, but it recorded a weekly loss of $2.84, equivalent to 3.91% in a week.

The US West Texas Intermediate crude was settled down by 24 cents to reach $66.26 a barrel, recording a weekly loss of $1.91, equivalent to 2.8%. https://ninanews.com/Website/News/Details?key=942734

Sheila   butterfly why Michigan?

Sheila   Article: New Quantum(dot)gov Website -- https://dinarrecaps.com/our-blog/new-quantumdotgov-website

Butterfly   International Monetary Expects A Recovery Of Non-Oil GDP In Iraq

12/04/2021 | 12:32 PM   International Monetary Expects A Recovery Of Non-Oil GDP In IraqInformation / translation …

A report by the International Monetary Fund confirmed that the Iraqi economy is recovering from the sharp contraction that it witnessed last year against the background of high oil prices and with the easing of restrictions related to the Corona virus and the increase in vaccination rates.

And the British newspaper, The National, quoted in a report translated by the agency “Information”, the Monetary Fund as saying that “the real non-oil GDP of the country is expected to recover by 12 percent this year, while the balances of financial and current accounts are expected to improve significantly, after contracting His officials held an online meeting with the Iraqi authorities regarding recent economic developments and upcoming policy priorities for the country.”

He added, “Inflation in Iraq reached 7.2 percent last September and is expected to recede in the coming months, and it is expected that public finance balances and external current accounts will improve significantly in 2021 from a double-digit deficit in 2020, mainly due to higher prices. oil.”

He added, “Iraq invests $3 billion annually to shift from liquids to gas power generation, while high oil revenues represent an important opportunity to address Iraq’s major fundamental weaknesses, and enhance resilience in the face of the future climate and other challenges.”

It is reported that “Iraq, the second largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC), depends on oil revenues to cover 90 percent of government spending, including $5 billion as a public sector wage bill every month.”   almaalomah.me

butterfly   State Of Law: There Is Conclusive Evidence Of Falsification Of The Election Results

12/04/2021 | 7:02 PM   State Of Law - There Is Conclusive Evidence Of Falsification Of The Election Resultsinformation / special

Today, Saturday, MP Kati Al-Rikabi from the State of Law coalition confirmed that there is clear and conclusive evidence of fraud and manipulation of the results of the parliamentary elections that took place last October.

Al-Rikabi said in a statement to the “Information Agency”, “The judicial authority represents the highest authority in the country, and we have full confidence in the Federal Court regarding the election results and seriously consider the appeals submitted on the issues of fraud and manipulation that accompanied the recent electoral process.”

Al-Rikabi added, “The Federal Court is not bound by a specific time in announcing its ratification or not of the results of the legislative elections, which allows it to review and resolve the appeals before final approval of the results.”

He pointed out that “the position of some political forces on the election results has been emphasized, and the Federal Court’s argument is awaited on the appeals submitted.”

Earlier, the coordination framework confirmed the continuation of legal and public measures to reject the announced results of the election results.   almaalomah.me

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Zig’s Place Chatroom News Friday PM 12-3-21

Zig’s Place Chatroom News Friday PM 12-3-21

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

Butterfly   The International Monetary Fund Warns Of An Economic Collapse

Economic  Last Update 12/03/2021 | 9:55 AM  International Monetary Fund Managing Director Kristalina Georgieva warned Thursday that poor countries could face economic collapse unless the world's richest countries agree to step up debt relief efforts.  About 60 percent of low-income countries are already debt-burdened or at high risk, compared to less than half in 2015.

Georgieva and Bazar Bashioglu warned that "challenges are escalating for many of these countries," and said, "We may witness an economic collapse in some countries unless the G20 creditors agree to accelerate debt restructuring and suspend its service while negotiating the restructuring."

The Group of 20 major economies launched the Debt Service Suspension Initiative in Spring 2020, which aims to temporarily freeze payments for low-income countries, many of which already faced heavy debt burdens prior to the outbreak of the COVID-19 pandemic. However, this initiative will expire by the end of the year.

Very slow progress has been marred by another G-20 plan, the Common Debt Management Framework, which aims to reduce the overall debt burden of poor countries.

“Recent experiences of Chad, Ethiopia and Zambia show that the joint framework for debt handling must be improved beyond the debt service suspension initiative,” Georgieva and Bazar Bashioglu wrote, acknowledging that the joint framework has yet to deliver on its promises.

The reasons for this were many, as coordination between the Paris Club and other creditors as well as various government institutions and agencies within the creditor countries slowed down the decision-making process.

"It is also critical that private creditors implement debt relief on similar terms," ​​Georgieva and Pazar Bashioglu wrote. https://almaalomah.me/2021/12/03/568381/

butterfly   Democrat: We Do Not Interfere In Choosing The Shiite House Of The Prime Minister

Politician  Last Update 12/03/2021 | 5:38 PM

The Kurdistan Democratic Party confirmed, on Friday, that it did not interfere in choosing the Shiite house for the position of prime minister.

The leader of the Kurdistan Democratic Party, Shirwan Al-Dobardani, said in a radio statement, which was followed by "The Information", that "the choice will be left to the three components, and we will not interfere with the selection of the Shiite house for the position of prime minister."

Al-Dobardani indicated that “the formation of the government without political consensus, because the issue described it as difficult, believing that things are moving towards political consensus while respecting the election results.” https://almaalomah.me/2021/12/03/568450/

butterfly  Al-Maliki Chairs A Meeting Of The Rule Of Law And Calls For The Speedy Formation Of A "Consensual Government"

Politician  Last Update 12/02/2021 | 6:28 PM   The leader of the State of Law coalition, Nuri al-Maliki, called on Thursday to expedite the formation of a strong consensus government, during the next stage.

Al-Maliki's office said, in a statement that the agency received a copy of it, that "Nuri al-Maliki chaired an expanded meeting today of the Parliamentary State of Law bloc," adding, "During the meeting, the developments in the political and security situation were discussed and discussed, as well as the repercussions of questioning the results of the elections."

Al-Maliki stressed “the importance of uniting efforts and communicating with the rest of the political forces within Parliament in order to overcome the current crises,” stressing “the need to address the repercussions of the election results crisis in accordance with legal frameworks, fairness of the objectors, and speeding up the formation of a consensual government capable of meeting the requirements of the Iraqi people with services and job opportunities.” .

The head of the State of Law coalition called on the coalition’s deputies to “work hard, adhere to national principles, communicate with the masses, and submit proposals for laws that support Iraqis’ needs for services,” stressing that “Iraq and its people deserve work and sacrifice for progress and prosperity.” https://almaalomah.me/2021/12/02/568307/

butterfly   Trade Bank of Iraq joins IBBC 3rd December 2021 The Trade Bank of Iraq (TBI) has re-joined the Iraq Britain Business Council (IBBC).

TBI were original founding members of IBBC and we are delighted to say they are now back in full participation mode, with President Dr Salem Chalabi taking a lead role at the recent IBBC Autumn conference Dubai. At the conference Dr Chalabi announced some key strategic changes to the bank's strategy and delivery.

TBI have significant plans to evolve their operations not only in terms of extending branches to overseas locations, but also within Iraq, to enable corporate online banking and wider use of cross-border electronic payments, and the development of strategic partners for investment within and beyond Iraq. Key areas include investment in infrastructure and renewable energy.

Christophe Michels, MD of IBBC said:

"We are really delighted to see the return of TBI to IBBC and know that our members in Iraq and internationally will welcome a modern Iraqi bank capable of cross-border and online banking in particular.

"We also recognise the importance of TBI as founder members of IBBC and the elevation of Dr Chalabi as CEO, with whom we foresee a productive and supportive engagement with IBBC and expanding the private sector in Iraq."  (Source: IBBC)

butterfly   Now that is good news.

butterfly   Korea gives Additional $3m to Stabilization in Iraq 3rd December 2021 The Republic of Korea has contributed an additional US$ 3 million to UNDP's flagship programme the Funding Facility for Stabilization (FFS), which has been implementing critical initiatives to stabilize areas liberated from the Islamic State of Iraq and the Levant (ISIL).

This is Korea's seventh contribution to the FFS since 2015, bringing its total contribution to US$27 million. With this additional funding, UNDP will be able to support more essential services such as housing, and the rehabilitation of critical infrastructure in the sectors of electricity, water and education ensuring the delivery of basic services to return communities.

"The impact of our collective stabilization efforts with generous support from the FFS from key partners such as the Republic of Korea are clearly visible across Iraq. Schools are reopening, clean water is reaching homes, roads are connecting people, and homes are rehabilitated," says UNDP Resident Representative Zena Ali Ahmad.

"However, critical stabilization needs remain as 1 million people are still internally displaced, including the hardest-to-return populations. The Republic of Korea's contribution comes at a critical period for Iraq, as the international community looks to safeguard the hard-won stabilization gains and prevent ISIL's resurgence," she adds.

"I am very pleased that the Republic of Korea has provided contributions to FFS for seven consecutive years since its launch in 2015. I hope this year's contribution can help facilitate the implementation of UNDP's stabilization programme to provide returnees and local communities with housing and public infrastructure rehabilitation and livelihood opportunities," says Jang Kyung-Wook (pictured), Ambassador of the Republic of Korea to Iraq.

butterfly   "We appreciate the hard work of UNDP and its partners to rebuild the lives of internally displaced persons and returnees in areas liberated from ISIL, and we hope to further strengthen our long-standing partnership with UNDP and make joint efforts toward achieving stabilization in Iraq," adds Jang Khyung-Wook.

At the request of the Government of Iraq, UNDP established the FFS in June 2015 to facilitate the return of displaced Iraqis, lay the groundwork for reconstruction and recovery, and safeguard against the resurgence of violence and extremism. The mandate was extended to 2023 due to the scale of urgent remaining stabilization needs and the request from partners to continue our interventions.

In 2021, the FFS is placing greater emphasis on utilizing an integrated approach that includes promoting sustainable livelihood and employment opportunities by rehabilitating supportive infrastructure for productive sectors, such as agriculture and small industries.   (Source: UN)

butterfly   Shiite leaders gather in Baghdad to break political deadlock

In order to break the political deadlock resulting from Iraq's recent elections, Shiite leaders gathered to find a solution to forming the next government. https://www.al-monitor.com/originals/2021/12/shiite-leaders-gather-baghdad-break-political-deadlock

butterfly   Archaeologists make new discoveries in ancient Iraqi cities

Foreign missions continue their survey and excavation operations in the central and southern regions of Iraq, while also training native Iraqis in the latest standards of professional archaeology. https://www.al-monitor.com/originals/2021/12/archaeologists-make-new-discoveries-ancient-iraqi-cities

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Zig’s Place Chatroom News Friday AM 12-3-21

Zig’s Place Chatroom News Friday AM 12-3-21

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

Sheila   Discernment Advised: IRAQ DINAR HAS A NEW RATE

Iraq went International Monday. The rate when we see it, will be over $11.90 USD. To demonstrate further, tomorrow or whenever we exchange, we should be able to go to the bank or redemption center, and exchange 1 MILLION Iraq dinars = $11,900,000 USD.

Much more has taken place in Iraq with this change of currency value. Marathon and oil companies, Phillips, have contracted to drill 307 new wells, so far. The investment in Iraq will only escalate from here.

Apparently the IMF stopped Iraq on Monday, from notifying the world of this new global RATE. No reasons were given for this.  

Tonight, this goes live on Forex, and there’s can be hidden no longer.

HALLELUJAH! -- https://nicksintel.wordpress.com/2021/12/02/12-02-2021-iraq-dinar-has-a-new-rate/

Sheila   We shall see -- hoping and praying.

Butterfly   A jump in oil prices after OPEC declined to increase its production

Fri 03 December 2021 Oil prices jumped, on Friday, extending its gains, after OPEC + said that it will review its plans to increase production before its next scheduled meeting if the new “Omicron” strain of the Corona virus weakens demand, but prices are still on the decline path for a sixth week.

Brent crude futures rose 12 cents, or 0.2 percent, to $69.79 a barrel at 01:22 GMT, after having jumped 1.2 percent in the previous session.

US West Texas Intermediate crude futures were not less fortunate than the previous one, as it also rose 27 cents, or 0.4 percent, to $ 66.77 a barrel, adding to its gains of 1.4 percent at the end of trading on Thursday.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, in what is known as OPEC +, surprised the markets yesterday, Thursday, when it announced adherence to plans to increase oil production per month by another 400,000 barrels per day in January. https://ninanews.com/Website/News/Details?key=942596

butterfly   2021-12-03 02:01   Shafaq News / A gauge of global equities surged on Thursday as Wall Street rallied on hopes the Omicron COVID-19 variant will prove mild and will not halt a strongly recovering U.S. economy, while the dollar edged higher in choppy trading as risk appetite improved.

The number of Americans filing new claims for unemployment benefits rose less than expected last week while layoffs tumbled to a 28-1/2 year low in November, both signs of tightening U.S. labor market conditions amid an accelerating economy.

MSCI's all-country world index (.MIWD00000PUS) closed up 0.75% as Wall Street rallied. The Dow Jones Industrial Average (.DJI) rose 1.82%, the S&P 500 (.SPX) added 1.42% and the Nasdaq Composite (.IXIC) advanced 0.83%.

While U.S. investors saw Omicron as mostly benign, European shares fell as countries ramped up restrictions to curb the variant's spread and raised worries about its impact on the region's nascent economic recovery.

The broad STOXX Europe 600 index (.STOXX) fell 1.15%.

The dollar's gains were limited as investors looked ahead to the non-farm payrolls report due on Friday for the state of U.S. employment in November.

Wall Street economists estimate the U.S. economy created 550,000 new jobs last month, a Reuters poll showed.

The dollar index , which tracks the greenback versus a basket of six currencies, rose 0.096% to 96.142. The euro was down 0.19% at $1.1298, while the yen traded up 0.36% at $113.1600.

U.S. Treasury yields edged up as investors returned to riskier assets, with 10-year Treasury notes rising 1.5 basis points to 1.449%.

The 10-year TIPS breakeven rate was last at 2.479%, indicating the market sees inflation averaging about 2.48% annually for the next decade, or lower than recent expectations.

Federal Reserve officials have been talking up a quicker end to the U.S. central bank's massive bond purchases as signs of faster inflation appeared.

butterfly   Federal Reserve Bank of Atlanta President Raphael Bostic told the Reuters Next conference on Thursday it would be appropriate to conclude the tapering of bond-buying by the end of the first quarter of 2022.   Source: Reuters

butterfly   Iraqi Dinar/US Dollar auction results for Sunday 12-5-2021 executed today 12-2-2021

25k Iraqi Dinar notesThe results of the foreign currency sale window, Sunday 12/5/2021, and executed today

Announcement No. (4540)   Sale date – Sunday 5/12/2021 and executed today

the details   the amount  

Total sales for the purposes of strengthening balances abroad (remittances, credits)   147,687,354

Total cash sale  32,930,000   total total sales  180,617,354

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/1166

butterfly   Al-Hayani: The Commission Is In Harmony With The United Nations, And Canceling The Elections Has Become A Popular Demand

12/02/2021 | 9:36 AM   Al-Hayani - The Commission Is In Harmony With The United Nations And Canceling The Elections Has Become A Popular DemandInformation/Baghdad…

A member of the Al-Fateh Alliance, Mahmoud Al-Hayani, said on Thursday that canceling the elections has become a popular demand, especially since the Electoral Commission has great harmony with the United Nations with regard to voter manipulation.

Al-Hayani told Al-Maalouma, “The results of the elections are rejected, and there are 35 percent of the voter turnout that rejects the results, and canceling the elections has become a popular demand.”

He added that “the coordination framework did not count on the commission to change the election results, especially since there is harmony between it and the United Nations regarding manipulation of results, in addition to that it did not take into account all the objections and appeals submitted by the political parties.”

He stressed that “the Bar Association challenged the election law, but the matter was ignored, and the Commission proceeded to announce the results, in addition to that it moved away from the application of the law, especially with regard to appeals against the results.”

Al-Hayani pointed out that “the election law contains major violations, especially those related to executive positions and the women’s quota.”   almaalomah.me

butterfly   The meeting of Shiite forces ended with several points.. Al-Sadr announces his adherence to forming a majority government

2021-12-02 07:30   The meeting of Shiite forces ended with several points.. Al-Sadr announces his adherence to forming a majority governmentShafaq News/ The Shiite coordination framework announced on Thursday, the axes of the meeting, which was held in the presence of the leader of the Sadrist movement, Muqtada al-Sadr, while the latter adhered to forming a national majority government.

A statement of the framework was received by Shafak News Agency; That “the leaders of the coordination framework received the leader of the Sadrist movement, His Eminence, Muqtada al-Sadr, at the house of Mr. Hadi al-Amiri, to discuss outstanding issues and the latest developments in the current situation, in order to strengthen the bonds of unity and brotherhood between the sons of the one nation and to serve the interests of the Iraqi people, which is a priority for all parties.”

The statement added; The meeting discussed a number of main issues, including (taking the necessary practical steps to combat corruption, hold the corrupt accountable and stop the approved waste of public money), (emphasizing the exit of foreign forces according to the announced timetable and setting up mechanisms to ensure that weapons are confined to the hands of the state), and (protecting the Popular Mobilization Forces).

Supporting and organizing it in a way that enhances its role in maintaining security in Iraq), (criminalizing normalization and everything related to it), (joint work to preserve the constants of the Iraqi people in confronting moral and social deviations in accordance with legal frameworks), and (working to raise the economic level of disadvantaged areas) And removing political competition from all service projects and removing the deprived from these areas).

butterfly   The statement stressed that “the two parties agreed to continue dialogues and discussions, leading to the development of realistic solutions to the blockage in the political scene.”

He pointed out that “the framework forces affirmed that they will continue their legal and public steps with regard to following up on the issue of the election results.”

Meanwhile; The leader of the Sadr movement, Muqtada al-Sadr, tweeted on his Twitter account, reiterating his intention to form a national majority government.

Al-Sadr wrote: “Neither Eastern nor Western, a national majority government.”

In turn, Hassan Al-Adhari, Al-Sadr’s advisor, said in a publication that he summarized what the latter spoke during the meeting with the coordination framework.

Al-Adhari said that Al-Sadr stressed that “there must be a national majority government”, and the formation of “a national majority government that does not agree on shareholding at all.”

He added that al-Sadr “put all the points on the line in a frank discussion whose goal is the interest of Iraq and nothing else.”   shafaq.com

butterfly   At the closure, the price of the dollar rose against the dinar in the Baghdad markets

2021-12-02 06:08   At the closure the price of the dollar rose against the dinar in the Baghdad marketsShafaq News/ The exchange rates of the dollar rose against the Iraqi dinar, on Thursday, with the closure of the main stock exchange in the capital, Baghdad.

Shafak News Agency correspondent said that the Central Kifah and Al-Harithiya Stock Exchange closed at 147,900 Iraqi dinars for 100 US dollars, while the price this morning was 147,875 Iraqi dinars per 100 dollars.

Our correspondent indicated that buying and selling prices have stabilized in money exchange shops in the local markets in Baghdad; Where the selling price amounted to 148,500 Iraqi dinars, while the purchase price amounted to 147,500 dinars per 100 US dollars.   shafaq.com

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Zig’s Place Chatroom News Thursday AM 12-1-21

Zig’s Place Chatroom News Thursday AM 12-1-21

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

sheila   - WORDS OF INSPIRATION -  God allows us to experience the low points of life in order to teach us lessons that we could learn in no other way.   — C. S. Lewis

butterfly   The National Coalition rejects the election results and warns against adopting them

2021-12-02   The National Coalition rejects the election results and warns against adopting themOn Thursday, the National Coalition led by Iyad Allawi announced its categorical rejection of the results announced by the Electoral Commission, warning that its adoption would perpetuate the existing political and popular division and worsen the situation in all fields.

The coalition said in a statement, “All the previous negative indicators that we warned about regarding the performance of the Electoral Commission and its procedures before, during and after the elections proved correct after it lost control of it and lost its ability to properly manage the electoral process, and this is what we expected because it is not prepared or trained for such this role.”

The coalition added, “It will proceed with the legal procedures to challenge the elections, starting with its law, passing through the mechanisms of its conduct and the violations it witnessed, and ending with the way of dealing with the appeals that were submitted, expressing its deep regret for the role of spectators played by the so-called “international observers.”

And he indicated that “sham elections, during which the will of millions of our honorable people was confiscated, could not be a bandage for the Iraqis’ wounds, so how about them, as they turn into the start of serious problems, while calling on the Federal Court to wait in ratifying the confused results that were announced until the completion of the legal challenges originally submitted conducted and the events that accompanied it.   burathanews.com

butterfly   A new drop in the world oil price

Thursday 02 December 2021 International oil prices fell by 3 dollars today.

Reuters reported: Oil contracts for Brent crude and US crude fell $3, after the OPEC + decision to maintain production increase by 400,000 barrels in next January.

Brent crude recorded $66.21 a barrel, while the price of US crude, after declining, reached $63.83 a barrel. ninanews.com

Doug_W   KEEP Falling

butterfly   Took the words right out of my fingers Doug_W

Doug_W   :)

butterfly   This is great for those holding this card: Capital One says it is ditching all consumer overdraft fees, giving up $150 million in annual revenue https://cnbc.com

Doug_W   saw that in Morning news :)

butterfly   6.2% Social Security up for 2022. 1.45%Medicare up for 2022. 148.50 to 170.10

Doug_W   I read 5.8 %

butterfly   I did the research from several and it states 6.2. ...... it is better than the 1.? we got last year.

butterfly   6.2%   In 2022, the Social Security tax rate is 6.2% for the employer and 6.2% for the employee. https://www.google.com/search?q=social+security+percentage+2022&oq=&aqs=chrome.1.69i59i450l8.8254358j0j7&sourceid=chrome&ie=UTF-8

Doug_W   amen to that

Doug_W   ohh I meant the raise we get   not the tax rate

butterfly   What will my Social Security be in 2022?

In 2022, the average Social Security benefit for a retiree will be $1,657 per month. This is up from $1,565 in 2021. The big increase in the average benefit is driven by the fact that Social Security recipients will receive a 5.9% cost of living adjustment in 2022 due to very high levels of inflation.3 hours ago

butterfly   Like I said, anything is better than what we got last year.

Doug_W   by far

butterfly   What is the COLA increase for 2022?   5.9 percent

In October the Social Security Administration announced a historic cost-of-living adjustment (COLA) of 5.9 percent that will be applied to benefits for 2022.6 days ago

butterfly   What month will Social Security increase in 2022?

Social Security checks to rise 5.9% in 2022

Social Security: What Matters Most to You? If your birth date is on the 1st of the month through the 10th of the month, your benefits will be paid on the second Wednesday of the month. For January's first payment, this means benefits will be paid on January 12, 2022.Nov 10, 2021

butterfly   Will seniors get a increase in Social Security in 2022?

Social Security cost-of-living adjustment will give average retirees $92 more a month in 2022. How to estimate how much you'll get. A large 5.9% cost-of-living adjustment is coming to Social Security beneficiaries in 2022. That means the average monthly retirement benefit will go up by $92 per month.Oct 22, 2021

Doug_W   mine is always on the 3rd

butterfly   Mine also

butterfly   Well that is good information for all those that come and read here but don't post.

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Zig’s Place Chatroom News Wednesday PM 12-1-21

Zig’s Place Chatroom News Wednesday PM 12-1-21

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

Butterfly   Iraq elections: Long road ahead to form government after final results released

Bloc sponsored by prominent Shiite cleric Moqtada Al Sadr has emerged the clear winner but he faces a rough road ahead https://www.thenationalnews.com/mena/iraq/2021/12/01/iraq-elections-long-road-ahead-to-form-government-after-final-results-released/

butterfly   Iraq elections: five seats change hands after manual recount

The recount has not changed the overall result, with the Sadrist bloc taking 73 seats https://www.thenationalnews.com/mena/iraq/2021/11/30/iraq-elections-five-seats-change-hands-after-manual-recount/

butterfly   New Book: The Political Economy of Iraq 1st December 2021 in Investment, Iraq Industry & Trade News, Politics

The Political Economy of Iraq: Restoring Balance in a Post-Conflict Society (Second Edition)

by Frank R. Gunter, Published by Edward Elgar, October 2021

"Frank Gunter has written the definitive account in English of the contemporary Iraqi economy...Following a brief history and overview, chapters cover social indicators, corruption, macroeconomic policy, state-owned enterprises, entrepreneurship, oil, agriculture, banks, infrastructure, and international trade. The scope of coverage and degree of detail is matched by clear exposition and thoughtful analysis..."

-- Choice Magazine.

"Frank Gunter has written an outstanding book covering the full spectrum of Iraq's political economy with sufficiently detailed descriptions and analysis to allow for sound policy recommendations."

-- Ahmed Tabaqchali, AFC Iraq Fund.

"An excellent guide to the fundamentals of the Iraqi political economy, assessing the principal barriers to political and economic progress... It is both comprehensive and comprehensible and, in those two regards, probably has no rival in the field."

-- Alan Luxenberg, former President of the Foreign Policy Research Institute.

"Combines objective and informed narrative with a comprehensive understanding of the challenges facing the country, but underlying the whole work is a care and concern for the future wellbeing of the country..."

-- Baroness Nicholson of Winterbourne, President of the Iraq Britain Business Council.

The Political Economy of Iraq: Restoring Balance in a Post-Conflict Society (Second Edition) can be ordered from Amazon, from the publisher, Edward Elgar https://www.e-elgar.com, or as a special order through your local bookshop.

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