Zig’s Place Chatroom News Thursday PM 12-16-21

Zig’s Place Chatroom News Thursday PM 12-16-21

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

Butterfly   Economist: The Monetary Reserve Achieved By The Central Bank Should Be Faced With A Reduction In The Exchange Rate

12/16/2021 – 9:49 AM   Economist - The Monetary Reserve Achieved By The Central Bank Should Be Faced With A Reduction In The Exchange RateEconomist Wissam Al-Tamimi Said Today, Thursday, That The Cash Reserve Achieved By The Central Bank Exceeded 64 Billion Dollars, Which Requires The Government To Reduce The Dollar Exchange Rate, A Year After The Decision To Raise It By 23 Percent.

Al-Tamimi Said, “The Central Bank’s Assurances To Achieve A Cash Reserve Of 64 Billion Dollars, Is Only A Message To The Government Regarding Issuing A Decision Either To Continue The Rise In The Exchange Rate Or To Reduce It.”

He Added, “There Are Many Question Marks On The Government, Especially Since There Is A Great Financial Abundance Achieved From Oil Revenues And The High Exchange Rate, At A Time When No Final Accounts Have Been Conducted So That Everyone Can Know The Recovered Or Realized Funds For The Current Year.”

Al-Tamimi Explained, “The Cash Reserve Achieved By The Central Bank Should Be Faced With A Decrease In The Exchange Rate In The Local Market, Especially Since Poverty Rates Have Risen According To The Statistics Of The Ministry Of Planning, Which Needs A Quick Treatment To Remedy What The Citizen May Resort To To Achieve A Living, Especially That The Total Prices The Purchasing Power Of The Citizen As Well As The Owners Of The Markets Has Increased And Decreased, And Therefore, Continuing With This Approach Will Lead The Country To A Dangerous Slide.”   alahadnews.net

butterfly   Al-Moussawi To Al-Ahed News: The Coming Days Will Become Clear To The Iraqi People The Extent Of Plasschaert’s Interference In The Elections

12/16/2021 – 10:02 AM   Al-Moussawi To Al-Ahed News - The Coming Days Will Become Clear To The Iraqi People The Extent Of Plasschaerts Interference In The ElectionsToday, Thursday, Former Member Of The House Of Representatives, Sana Al-Moussawi, Accused The United Nations Representative In Iraq, Jenin Plasschaert, Of Participating In An Attempt To Overthrow The National Forces That Reject The American Presence.

Al-Moussawi Told Al-Ahd News That What I Did To Plasschaert Was To Complete The Project To Undermine The National Forces.

She Added That The Commission And The United Nations Representative In Iraq Are The Two Parties Responsible For The Violations That Accompanied The Conduct Of The Electoral Process.

She Indicated That The Coming Days Will Become Clear To The Iraqi People The Extent Of Plasschaert’s Interference In The Process Of Falsifying The Election Results.   alahadnews.net

butterfly   Iraq signs 15 contracts with China to build 1,000 schools

2021-12-16 03:37   Iraq signs 15 contracts with China to build 1000 schoolsShafaq News/ The Iraqi government announced on Thursday that it had signed 15 contracts with the Chinese side to build 1,000 schools in different parts of the country.

Al-Kazemi’s media office said, in a statement received by Shafaq News Agency, that under the patronage and presence of Prime Minister Mustafa Al-Kazemi, a ceremony of signing fifteen contracts with the Chinese side took place today, to build a thousand school buildings in various parts of Iraq; This is within the framework of cooperation agreement between the Iraqi and Chinese governments.

The statement added that the Iraqi side was represented in the signing by the Executive Director of the Higher Committee for School Construction Karar Muhammad, while the Chinese side was represented by the Vice President of Power China Li Dze, for the construction of 679 school buildings.

The signing, according to the statement, was signed with the Chinese side, represented by the regional director of Sino Tech, Mr. Koo Jun; For the construction of 321 school buildings.

On the twenty-eighth of last November, the Iraqi military authorities reported a security alert to protect Chinese companies implementing a project to build 1,000 schools across Iraq.

The Joint Operations Command said that the Deputy Operations Commander, Lieutenant-General Abdul-Amir Al-Shammari, met with deputy operations commanders and police commanders about the construction of 1,000 schools across Iraq, stressing that all units will be on alert, to protect Chinese companies and remove abuses on the encroached lands.   shafaq.com

michael-courtney   Is there a particular year I should buy for dinar and dongs and do you have a good source?

Dave   That has been the million dollar question for the last 15 yrs or so.........

butterfly   Oil prices continue to rise after US data

Thursday 16 December 2021 22:20 Oil prices continue to rise today, Thursday, after data showed strong demand for fuel in the United States, while the US Central Bank ended the bond purchases program to slow the rising inflation.

Brent crude futures rose 0.81% to $74.48 a barrel, and the contracts ended trading yesterday at $73.88 a barrel.

Meanwhile, US West Texas Intermediate crude futures rose 1% to $71.58 a barrel, and US crude closed Wednesday's trading at $70.87 a barrel.

And government data showed a decline in US oil inventories by 4.6 million barrels last week, and inventories of gasoline and distillates also fell. US crude exports rose sharply, while demand for oil derivatives in the United States hit a record high at 23.2 million barrels per day.

The US Federal Reserve (the central bank) said that it will end bond purchases in March 2022, and start increasing interest rates to counter inflation. https://ninanews.com/Website/News/Details?key=945305

butterfly   Miss World final postponed

Friday 17 December 2021 00:00 Representatives of the organizing committee of the 70th Miss World competition, to be held on Thursday in San Juan, Puerto Rico, announced the postponement of the competition's final due to the restrictions of the Corona virus.

"After confirming new positive cases of coronavirus infection this morning and after consulting with experts and representatives of the health system, the event organizers decided to postpone the final to be held within the next 90 days," the organizing committee said.

"We look forward to the return of the contestants we knew and loved," said Julia Morley, chair of the competition's organizing committee.

The 70th Miss World pageant was scheduled to take place in late 2020, but the pageant has been postponed due to the COVID-19 pandemic.

And in March 2021, it became known that the event will take place in San Juan.

Representatives of 98 countries are participating in the current competition, the lowest number in the last 19 years. https://ninanews.com/Website/News/Details?Key=945318

butterfly   A hideout for terrorists was found, used for mobile logistical support, north of Baghdad

Thursday 16 December 2021 23:13 The security forces found a terrorist den used for mobile logistical support, north of Baghdad.

A statement by the Baghdad Operations Command stated that, following intelligence information, a security force carried out a search and search operation in the Al-Tabi area, north of Baghdad, in the orchards (Albu Shallal), during which it was able to find a terrorist den used for mobile logistical support.

She explained that the accuracy of the intelligence is a key element that enabled our forces to reach this den, which is the second den that was destroyed during the past ten days. https://ninanews.com/Website/News/Details?key=945315

Butterfly   Bakhtiar: Not implementing Article 140 is a protection for Saddam Hussein's Baathist policy 2021-12-16 14:43

Shafaq News/ The leader of the Patriotic Union of Kurdistan, Mullah Bakhtiar, said during his meeting with a group of Kakais in the Karmsir area, that the failure to implement Article 140 of the Iraqi constitution is a protection for the Arabization policy that Saddam Hussein's regime adopted.

Bakhtiar said in a statement that he received members of the Kakai sect in Karmsir, and discussed with them cultural pluralism and coexistence.

Bakhtiar pointed out that the Kakai community has been subjected to great pressure throughout history, but has been able to protect its members.

"Let us seek not only locally, but also at the regional and international levels, to work seriously and more than ever and prove the great treachery that those areas were subjected to. This treachery should be ended," he noted, adding, "after the fall of the previous regime, the Iraqi government should have ended this injustice."

"Why are these people now protecting the Saddamist policies against the Kurds? Why are they protecting the policies of Arabization deportation and displacement, and not implementing Article 140 of the Constitution? not implementing Article 140 means protecting the policies of the Baath and Saddam."

Bakhtiar concluded, "those decisions that were issued following a Baathist-chauvinism background. They are a threat to the Kurds and the disputed areas, and must be abolished." https://shafaq.com/en/Kurdistan/Bakhtiar-Not-implementing-Article-140-is-a-protection-for-Saddam-Hussein-s-Baathist-policy

butterfly   Expert: The Government's Economic Decisions Are Risky

Economic   Last Update 12/16/2021 | 2:51 PM  The expert in economic affairs, Ahmed Abdel Ali, confirmed today, Thursday, that the current government’s decisions, including economic reforms, are fraught with risks, as they are immediate, not far-reaching decisions in light of fluctuations in international oil prices.

Abdul Ali said in a statement to the "Information" agency, that "the current government's decision to amend monetary policy, including raising the exchange rate of the dollar against the Iraqi dinar, is an ill-considered decision that greatly harmed large groups of people, as it raised the value of prices in the markets and led to a weak purchasing power of citizens. “.

He added, "The rise in the exchange rate also led to the disruption of the work of local factories in the country, as it buys raw materials in US dollars from abroad," noting that "Iraq needs a radical reform of the economic management system to face challenges, including the decline in oil prices."

Abdul Ali pointed out that "the devaluation of the Iraqi dinar at a significant rate against the US dollar is the highest since 2003, and it has resulted in many problems that have affected large groups of society."

He noted that "the Iraqi economy is based entirely on oil revenues at a rate of 95%, and in the last two years the economies of the major and industrialized countries began looking for an alternative to oil." https://almaalomah.me/2021/12/16/571179/

Zig   michael-courtney : :Welcome: to the chat...You should repeat any inquiry if you get no answers....people buy their currencies from various dealers, banks, etc....this room is not that active any longer aside from articles posted by butterfly so we appreciate any new input and participation....

butterfly   Former Deputy: The Coordination Framework Will Hold Internal Elections To Choose The Next Prime Minister

POLITICIAN  12/16/2021 | 9:42 PM   The former deputy of the State of Law coalition Rasoul Radi confirmed, on Thursday, that the coordinating framework will hold internal elections to choose the next prime minister, pointing out that there is consensus within the framework to replace the personalities of the three presidencies.

Radi said, in a statement followed by "The Information", that "the Shiite coordinating framework met with the political forces to solicit their views on forming the government, as the political blocs are heading towards the framework being the largest Shiite bloc."

He added that "the three presidencies have resolved their position and will be replaced in this session, and Adnan Al-Mufti is one of the figures agreed upon by the Kurds for the presidency, according to the media."

He explained that "the coordinating framework will hold internal elections to choose the next prime minister, and agreed with the other blocs to choose a candidate to head the next government, in addition to that the positions of the presidency are in the process of being discussed, and the President of the Republic, Parliament and the government will have two deputies." https://almaalomah.me/2021/12/16/571277/

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Zig’s Place Chatroom News Thursday AM 12-16-21

Zig’s Place Chatroom News Thursday AM 12-16-21

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

butterfly   CRUDE OIL PRICES (DECEMBER 16) SULAIMANI — Crude oil prices were up on Thursday (December 16) compared to the previous day.

The price of Brent crude was at $74.43, up from $74.07 the previous day, and US WTI crude was at $71.56, up from $70.92. https://nrttv.com/En/detail6/1961

butterfly   Trump's son-in-law shouted at the Israeli ambassador: Go to **." A new book on the secrets of the White House  2021.12.16 - 15:39  A new book on former US President Donald Trump's dealings with the Middle East says that Trump's son-in-law and then-adviser Jared Kushner yelled at Israel's ambassador to Washington, Ron Dermer, and kicked him out of the White House in February 2020.

The British Middle East Eye website, said Wednesday, December 15, 2021, that Kushner was charged with dealing with Middle East affairs in 2017, and his duties included the Palestinian-Israeli conflict and US relations with Arab countries, especially the Gulf states.

Details of the heated debate between Kushner and Dermer were published Sunday, December 12, in Trump's Peace: The Abraham Accords and Remaking the Middle East, a Hebrew book by journalist Barak Ravid based on interviews with senior US officials, including Trump.

In the book, Ravid spoke of deteriorating relations between the Trump administration and former Israeli Prime Minister Benjamin Netanyahu, especially after the latter failed to secure a majority government following the September 2019 elections.

Frustrated at the time, Trump said, "Our relationship is with Israel," and "this was the beginning of Trump's change of heart," Ravid said in an interview with The Forward.

Kushner expelled the ambassador

Weeks before the election, Dermer met Kushner at the White House, and reiterated Netanyahu's doubts about "whether he can trust the Trump administration," Ravid wrote.

Kushner responded angrily, "Don't get it wrong and think that everything that's happened in the past three years has been for you. We did it because we're serious about peace."

Ravid's book stated that Kushner then yelled at Dermer, "It's disgusting for you to say something like that about us. Get out of here," according to The Daily Beast.

butterfly   Dermer had sent a request to meet Trump, but his request was met with hostility. Avi Berkowitz, one of Trump's Middle East officials, reportedly told Dermer, "The president doesn't feel love for you guys right now."

The new book also revealed that Netanyahu tried to withdraw from signing the normalization agreement with the UAE and Bahrain (the Abraham agreements) in September 2020, but the Americans made it clear to them beyond any doubt that "the train has left the station", and that he must accept the fait accompli.

Before that, the Israelis tried to pressure the Trump administration to wait until two other Arab countries joined the UAE and Bahrain, before signing the normalization agreements.

But Kushner told Berkowitz at the time, according to the book, "Tell Ron he's only going to get one state, and if he doesn't, go to **."

Kushner also warned former Prime Minister Netanyahu against annexing the occupied West Bank, which was due to be annexed in the summer of 2020, telling him, "This would be the biggest mistake you could ever make...and Trump will openly stand against you," according to the British Daily Mail.

According to Middle East Eye, Kushner is still talking to and meeting Netanyahu, unlike his father-in-law, who has not spoken to Netanyahu since leaving the White House and criticized him after congratulating Joe Biden on winning the election.

Netanyahu is an old friend of the Kushner family, with reports that Netanyahu spent the night in the basement of the Kushner family's New Jersey home in 2017. https://nasnews.com/view.php?cat=76275

butterfly   The exchange rate of the dollar on the Kifah Stock Exchange and Baghdad exchanges

2021.12.16 - 11:42   "Nass" publishes the dollar exchange rate in the local markets for Thursday, December 16, 2021, according to the monitoring of specialists.

Baghdad - the stock exchange   147,900

The price in most exchanges   Buy 147,500    Sell ​​148,250

The exchange rates for yesterday, Wednesday, were as follows:

Baghdad - the stock exchange  148,075

The price in most exchanges   Buy 147,500    Sell ​​148,500

https://nasnews.com/view.php?cat=76257

16 Dec 21, 08:15 AM butterfly   Economy   U.S. dollar   

2021-12-16 02:57  Shafaq News/ Dollar exchange rates dropped today, December 16, 2021, on the Iraqi market.

• The Kifah Stock Exchange recorded 147,900 dinars for $ 100.

• The Al-Harthiya Stock Exchange recorded 147,900 dinars for 100 dollars.

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

•Sale price: 148,500 dinars per $100.

• Purchase price: 147,500 dinars per $100.

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

•Sale price: 148,000 dinars per $100.

• Purchase price: 147,750 dinars per $100. https://www.shafaq.com/en/Economy/Dollar-exchange-rates-in-Iraq-1-4-2

butterfly  40% of oil and gas reserves threatened by climate change 2021-12-16 04:15

Shafaq News/ More than 600 billion barrels equivalent of the world’s commercially recoverable oil and gas reserves are facing high or extreme risks from more frequent storms and floods, rising sea levels, and temperature extremes. According to risk intelligence company Verisk Maplecroft’s Climate Change Exposure Indices, Saudi Arabia, Iraq and Nigeria are among the oil and gas producing countries where the risk of climate related events disrupting the flow of oil to global markets is highest. Between them, these three countries account for nearly 19% of commercially recoverable oil and gas.0

Climate-related supply threats to the oil and gas industry have already begun to manifest, says Verisk Maplecroft. This year a freeze in Texas knocked US oil and gas output to a three-year low, while Hurricane Ida caused a record 55 spills in the Gulf of Mexico and created historic disruptions to the supply of both crude oil and refined products. Record heat in Russia accelerated the melting of permafrost, a trend that has damaged 40% of buildings and infrastructure in northern regions heavily reliant on oil and gas production.0

These types of events are going to become more frequent and more extreme, creating even greater shocks within the industry. But Identifying and disclosing these risks inven line with the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations is now a strategic necessity for energy companies if they are to mitigate these threats and offset investor concerns over their transition to a low carbon future.

A global assessment of the oil industry’s exposure to physical climate risk

butterfly   By combining its subnational onshore and offshore Climate Change Exposure Indices with asset-level data from sister company Wood Mackenzie, Verisk Maplecroft has pinpointed the oil and gas assets most exposed to the physical impacts of climate extremes up to mid-century.

The data shows that onshore oil and gas operations are exposed to the full range of the physical impacts of climate change, including sea level rise, storms, heatwaves, flooding, and other extreme weather events. Offshore operations, such as in the Gulf of Mexico, on the other hand, are vulnerable to tropical cyclones and extreme wave heights.

The research found that 10.5% of global commercially recoverable reserves are found in areas rated as extreme risk in the Climate Change Exposure Indices, while 29.5% were high risk. In total, this amounts to around 617 billion barrels equivalent.

The Middle East and North Africa region is not only home to the largest reserves in the world, but it also has the highest proportion of reserves at risk. Saudi Arabia’s long-term economic strategy rests on leveraging its low lifting costs and low upstream carbon intensity, especially as the oil majors come under pressure to reduce output. But uncertainty over the trajectory of oil and gas demand over the coming decades aside, Saudi Arabia’s severe exposure to heat stress, water shortages and dust storms stands out as the Achilles’ heel in this strategy.

Africa has the second highest proportion of reserves under threat, although it accounts for a comparatively small amount of the world’s commercially recoverable reserves. In Nigeria, 72% of reserves – almost entirely blocks in the Niger Delta – are facing high or extreme climate risk exposure.

The country faces rising temperatures and fluctuating rainfall patterns, bringing both droughts and flooding that will not only compromise hydrocarbon production but also restrict agriculture and effectively render the economy even more dependent on those threatened oil and gas  reserves.

Companies with reserves in locations highly exposed to the physical impacts of climate change will face more disruptive events, potentially higher costs for extraction, and the need to invest in mitigating actions. Production may have to be halted and a plant secured to allow for the passage of tropical storms, or coastal infrastructure will need to be raised to account for storm surges and sea level rise.

Risks of accidents and spillages in ecologically sensitive locations could also increase as pipelines are exposed to more extreme weather events that they may not have been designed to withstand.

TCFD alignment makes understanding climate risk exposure an imperative

There is no escaping the fact that the oil industry is highly exposed to the physical impacts of climate change, as well as a tougher regulatory universe. To keep investors onside, energy companies will need to show that the raft of net-zero targets they’ve unveiled are actually supported by corporate policy, by investment and by action.

Aligning strategies with the TCFD recommendations to ensure companies are identifying and reporting both their physical risks from the impacts of climate change and transition risks, related to the shift to a lower-carbon economy, is the first and best step that oil and gas companies should take, advises Verisk Maplecroft.

Understanding the exposure of oil and gas assets to both types of risk under different future climate change scenarios will be central to helping energy companies channel investment into lower risk assets and implement mitigation actions.

butterfly   The costs of inaction could be genuinely existential.

Source: Verisk Maplecroft https://www.shafaq.com/en/Economy/40-of-oil-and-gas-reserves-threatened-by-climate-change

butterfly   Iraq and Iran exchange 61 remains of 1980s war dead 2021-12-15 13:50

Shafaq News/ Iran and Iraq on Wednesday exchanged the remains of a total of 61 soldiers killed in their 1980-88 war.

According to the Iraqi Ministry of Defence, Iraq delivered four unidentified soldiers, while the Iranian side received 57 remains; 22 of them are unknown.

The operation took place at the border crossing point of Shalamcha in southern Iraq under the supervision of the International Committee of the Red Cross.

The bodies came from border areas that witnessed major battles in a war estimated to have killed one million people.

Although the Iran-Iraq war ended 20 years ago, the fate of many soldiers on both sides remains unknown. https://www.shafaq.com/en/Iraq-News/Iraq-and-Iran-exchange-61-remains-of-1980s-war-dead

butterfly   Kurdistan launches app to address violence against women 2021-12-16 04:18

Shafaq News/ The General Directorate to combat violence against women in the Kurdistan Region, in coordination with the United Nations Population Fund, held a ceremony launching an app for women affected by domestic violence and abuse on Thursday.

On the sidelines of the ceremony, the Minister of Interior, Rebar Ahmed, said, "the approach of the Kurdish Government aims to support women to participate in the decision-making process and all fields," adding that "thousands of violence cases have been addressed through the hotline of the Ministry of Interior."

The Minister added that "this project of the United Nations is important because it will expedite procedures to reach the victims very quickly and without complicating the problem."

The "safeyou" application project is the first of its kind in Iraq; it will connect people who experience violence or abuse with the hotline to report any incidents.

The app will also help create documentation about incidents, including location, time, and contact information for potential witnesses.

In 2020, at least 25 women were murdered, 38 others committed suicide, 67 self-immolated, 10,370 lawsuits were filed, and 125 sexual assaults were recorded, according to General Directorate to Combat Violence Against Women.

In 2011, the Kurdistan Regional Government (KRG) passed Domestic Law No. 8, the Law against Domestic Violence in the Kurdistan Region of Iraq, which calls for the creation of women's shelters. Kurdistan has some local NGOs permitted to run and maintain shelters for women fleeing violence.

In addition, the KRG, aided by the United Nations agencies, particularly the United Nations Development Assistance Framework (UNDAF), planned a national strategy to confront violence against women )2017-2027). https://www.shafaq.com/en/Kurdistan/Kurdistan-launches-app-to-address-violence-against-women

butterfly   UAE's Ducab Group wins Cabling Contract in Iraq 16th December 2021 in Iraq Industry & Trade News UAE's Ducab Group has reportedly been awarded a contract to supply overhead conductors for a 288-Km Over-Head Line (OHL) as part of a GE Renewable Energy project in Iraq.

According to Zawya, the contract involves the design, supply, installation, testing, and commissioning of a 400kV overhead transmission line from Jordan to the Qaim area in Iraq.

Mohammed Abdul Rahman Al Mutawa (pictured), CEO of Ducab Group, is quoted as saying:

"By supplying energy solutions to the Iraq power project, we can help ensure a reliable power supply to Iraq and aim to support the country in achieving its socio-economic objectives."

(Source: Zawya) https://www.iraq-businessnews.com/2021/12/16/uaes-ducab-group-wins-cabling-contract-in-iraq/

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Zig’s Place Chatroom News Wednesday AM 12-15-21

Zig’s Place Chatroom News Wednesday AM 12-15-21

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

Butterfly   By more than 60%.. Iraq's holdings of US bonds decreased

Wednesday 15 December 2021 The US Treasury announced that Iraq's possession of US bonds decreased by more than 60 percent in ten years to reach $17.954 billion during the month of September.

The Treasury said in its table: that Iraq's possession of bonds decreased during ten years by 61.34%, indicating that "Iraq bought US bonds in 2012 at an annual rate of 46.316 billion dollars, to decrease in 2013 to 42.1 billion dollars as an annual rate, while it reached In 2014, an average of $28.2 billion.”

She added, "The bonds purchased by Iraq for 2015 amounted to an annual rate of $25.6 billion, and in 2016 these bonds became an annual rate of $15.3 billion, to rise slightly in 2017 as an annual rate to $16.6 billion."

And she continued, "The annual rate of bonds purchased by Iraq for the year 2018 amounted to 27 billion dollars, and in 2019 it reached an annual rate of 34 billion dollars."

She indicated that the annual rate of purchased bonds for the year 2020 amounted to 24.7 billion dollars, and to reach 17.954 billion dollars as an average during the nine months of the current year 2021. https://ninanews.com/Website/News/Details?key=944948

butterfly   Within a week.. the dollar exchange rates stabilize at 148,500 dinars in the local markets

Wednesday 15 December 2021 The exchange rates of the dollar witnessed, today, Wednesday, stability in the local markets.

And the selling prices of the dollar were recorded at 148,500 dinars per $100.

While the dollar purchase prices recorded 148,000 dinars per $100. https://ninanews.com/Website/News/Details?key=944925

butterfly   For the third day in a row, oil prices continue to decline

Wednesday 15 December 2021 Oil prices fell for the third day in a row, today, Wednesday, due to growing expectations that supply growth will outpace demand growth next year, although the Corona virus Omicron variable is not seen as limiting mobility as sharply as the previous variables of COVID -19.

West Texas Intermediate crude futures fell 82 cents, or 1.2%, to $69.91 a barrel, after losing 56 cents in the previous session.

Brent crude futures fell 71 cents, 1 percent, to $72.99 a barrel, after losing 69 cents on Tuesday.

Both contracts fell more than $1 earlier in the session while the monthly spot spread for Brent crude inverted briefly on Tuesday.

On the other hand, the Organization of Petroleum Exporting Countries (OPEC) on Monday raised its forecast for global oil demand for the first quarter of 2022. https://ninanews.com/Website/News/Details?key=944919

butterfly   The National Approach Alliance: The Council of Ministers replaced a three billion dinars company under the pretext of the dollar price difference

Wednesday 15 December 2021 The National Approach Alliance confirmed that the Council of Ministers compensates the company that implemented the international access gates project with 3 billion dinars on the justification of the rise in the price of the dollar without taking into account the impact on the general citizens and in the absence of legal basis.

The coalition said in a statement: "The decisions of the Council of Ministers in its session yesterday included the approval of adding an amount (three billion) dinars, from the allocations of the Media and Communications Authority, as additional allocations for the costs of the International Access Gates (IGW) project for Internet services."

He added, "The strange justification in the rationale of the decision is that the disbursement of this additional amount to the company that completed the project came as a result of the depreciation of the Iraqi dinar after the decision to raise the price of the dollar, for the purpose of compensating the company for the difference in the value of the dinar before and after the contract!!,

so what is the legal document to assign the state three And if the change in the price of the dollar and the consequent devaluation of the Iraqi dinar notice its impact on companies, why not notice its impact on the general citizens and take into account their basic obligations, which became more difficult to collect after this unjust decision to raise the price of the dollar.

butterfly   He pointed out, "He finds the government and those who supported its decision and voted on it in Parliament are making allocations to compensate the difference in contractors' obligations after the decision to raise the dollar by hundreds of billions of dinars, and it does not find any measures that compel the damage and reduce the complications that were reflected in the decision to raise the dollar on the poor and low-income and they are in the millions,

knowing that the origin of the decision to raise The dollar was wrong, and the justifications for its promoters and enthusiasts were found to be unrealistic, which calls for reviewing it and returning the dollar exchange rate to what it was before. https://ninanews.com/Website/News/Details?key=944954

butterfly   CBI sells 170$ million in the currency auction today 2021-12-15 06:31

Shafaq News/ The Central Bank of Iraq (CBI) auctioned $170 million in foreign currency today, Wednesday.

Shafaq News Agency correspondent said that the CBI sales of foreign currency in today's auction amounted to $201,729,766.

Our correspondent explained that 8 banks and 149 exchange companies cashed out $27,830 million, while the remaining $173,899,766 went to boost funds abroad in the form of credit and non-cash transactions, with 26 banks meeting those demands. https://www.shafaq.com/en/Economy/CBI-sells-170-million-in-the-currency-auction-today

butterfly   US companies show interest to invest in the Region's electricity field 2021-12-14 11:01

Shafaq News/ The official of the political-economic section of the US Consulate General in Erbil visited the Ministry of Electricity in the Kurdistan Region today, and expressed his country's readiness to help produce electricity with solar energy in the Region.

The Ministry said in a statement that Minister Kamal Muhammad Salih, who received the US Consul General, shed light on the participation of American companies in projects that produce electric power through solar energy.

The statement added that the two sides discussed extending the 400KV line, as well as producing electricity with wasted associated gas from in coordination between Baghdad and Erbil.

The Minister revealed that the hydropower projects to produce 300 megawatts will soon be implemented in Zakho, Soran, Garmyan and Raperin, calling on the US side to build power stations in Sheikhan, Makhmour and Jbara, which are included in the Article 140 areas.

According to the statement, Salih said that the Ministry did not have a share of the United States and other countries' aid or loans.

For its part, the American delegation Highlighted two important projects in the electricity sector in the region; the one for producing power from wasted associated gas, and the smart meter project, stressing that the American diplomatic mission in Iraq is highly interested in them. https://www.shafaq.com/en/Kurdistan/US-companies-show-interest-to-invest-in-the-Region-s-electricity-field

Bobby Cahill   The Minister revealed that the hydropower projects to produce 300 megawatts will soon be implemented in Zakho, Soran, Garmyan and Raperin, calling on the US side to build power stations in Sheikhan, Makhmour and Jbara, which are included in the Article 140 areas.

Bobby Cahill   Now imagine what 1 megawatt could do

Bobby Cahill   lol gotta have proper electricity to enter the 21st Century. The problem here has been why don't they give the Electricity Sector to the Private Sector and let it thrive. The GOI have proven they used electricity as a subsidy to the public and lose billions in doing so. Ideally we want to see Iraqi Companies run the sector(s), have those companies enter the ISX, and we invest in their stocks. For now Iraq's a land/investment grab with no ROI

butterfly   Legal: Cancellation Of The Elections Reconvenes Parliament And Ends The Status Of The Caretaker Government

12/15/2021 | 9:46 AM  Legal - Cancellation Of The Elections Reconvenes Parliament And Ends The Status Of The Caretaker GovernmentInformation / Baghdad…

Legal expert Ali Al-Tamimi explained, on Wednesday, that canceling the elections will return Parliament to its work and sessions again, as well as end the caretaker status of the government, ruling out that the court will go to the option of canceling the elections.

Al-Tamimi told Al-Maalouma, “If the Federal Court decides to cancel the elections, it is not possible to hold them again, because they are exceptional elections in accordance with Article 64 of the Constitution, as Parliament was dissolved on October 7 last, provided that the elections take place on the tenth of the same month. “.

He added that “cancelling the elections removes with it the condition of dissolving Parliament and is not fulfilled, and accordingly the President of the Republic issues a decree retracting the setting of the date and the Parliament feels that the elections have been canceled in order for the House of Representatives to return to meeting again, for the purpose of issuing a decision not to dissolve itself so that the time for holding the elections remains at their scheduled date each 4 years”.

And he indicated that “the court is likely not to go to cancel the elections, but if it happens, Parliament will return again to hold its sessions,” noting that “the government returns with full powers and the concept of conducting daily business ends.” finished/ 25 n   almaalomah.me

butterfly   After The Fraud Was Proven .. Can The Federal Court Cancel The Election Results?

12/15/2021 | 5:02 PM  After The Fraud Was Proven .. Can The Federal Court Cancel The Election Resultsinformation / special

The independent candidate, Saad Al-Mutalibi, confirmed, on Wednesday, that “the Federal Court will not cancel the results and will ratify them as a reality that has taken place and cannot be reversed.”

Al-Mutalibi said, in a statement to the “Information” agency, that “the Iraqi constitution grants the judiciary and the Federal Court the honor to take decisive measures in sensitive times, and the process of canceling the results constitutionally and legislatively has the right to do so.”

He added, “We doubt the possibility of canceling the results by a judicial decision, due to the presence of some considerations, in addition to that it will not repeat the elections again,” noting that “the court will only issue symbolic and nominal penalties to the commission’s employees.”

He pointed out that “the postponement process took place due to the Commission’s request for evidence proving the integrity of the results, and on the basis of that, the call was postponed to the 22nd of this month.”

The forces objecting to the results are awaiting on December 22 the decision of the Federal Court regarding the appeals submitted in the election results and suggestions that the judiciary will be satisfied with issuing penalties and bans against the Commission’s employees and the company supervising the safety of biometric devices.   almaalomah.me

butterfly   American interventions and pressures to choose the personality of the President of the Republic

Posted, 2021-12-15   American interventions and pressures to choose the personality of the President of the RepublicA political source revealed, on Tuesday, the existence of American interventions by the envoy of the American President Brett McGurk regarding the nomination of the President of the Republic for the next session.

The source said that “McGurk, during his visit to the Kurdistan region, held meetings with the leaders of the Patriotic Union in Sulaymaniyah and will hold other meetings in Erbil with the leadership of the Democratic Party.”

He added that “McGurk wants to impose the wills on the political leaders to determine the personality of the president of the republic and in proportion to the directions of American politics, and is also working to convince the various parties, especially the Kurdish Democratic and National Union parties, of the personality whose candidacy for the presidency of the republic will be agreed upon.”

McGurk visited the city of Sulaymaniyah yesterday and met the Deputy Prime Minister of the provincial government Qubad Talabani.   burathanews.com

butterfly   Composed of 28 deputies.. The first political alliance between Arabs and Kurds in the Iraqi parliament

2021-12-15 07:24  Composed of 28 deputies.. The first political alliance between Arabs and Kurds in the Iraqi parliamentShafaq News / It was announced in Baghdad, on Wednesday, the emergence of the first political alliance between Arabs and Kurds in the Iraqi parliament, consisting of 28 winning deputies in the legislative elections that were held last October 10.

This came during a press conference, which was held in the presence of the head of the New Generation Movement, Shaswar Abdul Wahed, and the head of the extension movement, Alaa Al-Rikabi, and in the presence of Shafak News Agency correspondent.

And the alliance that bore the name “For the People” includes the new generation, the extension movement, and a number of independents, with a total of 28 winners in the last elections.

During the press conference, Abdel Wahed said, “National constants are an essential part of the national base, and the electoral process is part of democracy, but it is not a decision and a culture to work with as a society.”

He added that “the doors of the coalition are open to the honorable people of the country and those who want to build the country, and there is no place among us for those looking for their personal interests,” declaring at the same time, rejecting “all government positions, and adhering to the national opposition.”

In response to a question for Shafaq News, Shaswar explained, “The coalition includes 18 seats from the New Generation Movement and an extension, and with a number of independents reaching 28 seats, and it may reach more than that,” adding, “We believe that a number of MPs will join in the future to join the movement.” The coalition may reach 40 opponents in Parliament.

butterfly   For his part, the head of the extension movement, Alaa Al-Rikabi, noted that this is the first time that he has announced a political alliance that includes the brothers in the one country, Arabs and Kurds, and through the alliance, we seek to unify the efforts of all political decisions, including parliamentary ones.

Al-Rikabi added: “Our alliance is for the sake of the people, and we will not participate in any quota government, and we will be a true and proud opposition during the current parliamentary session,” explaining that “the opposition within Parliament will be for political and other projects that harm society.”

He pointed out that “the coalition (for the people), is part of the people, and the demonstrations were expressing the people, and the problem was in the administration,” noting that “the future generations in the country, if the real opportunity is provided, will have a role in leading this country.”  shafaq.com

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Zig’s Place Chatroom News Tuesday AM 12-14-21

Zig’s Place Chatroom News Tuesday AM 12-14-21

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

Sheila   gotta go to work - talk later

Doug_W    sheila be well

Sheila   Doug_W will do my best. Waiting to see what happens by tomorrow, Wed., Dec 15, 2021. World events?  Rumors abound.   Rumors in abundance today. later... lol

Doug_W   bye now

Bobby Cahill   I have a rumor......."Today, Tuesday, the Central Bank of Iraq announced that it had prepared a draft currency structure study, while determining the negative effects when the dollar was re-exchanged to 1200 dinars.  And the bank said in a statement that it followed (the Iraqi News Agency / INA) that "the central bank has completed the preparation of a draft currency structure study," noting that "the timing of the implementation of the project depends on the bank's policy and the political and economic conditions of the country. He added, "The bank has no intention of issuing new denominations of the currency," noting that "continuing to provide new banknotes to compensate for the damaged banknotes."

Doug_W   fingers crossed

Bobby Cahill   I know, my rumors suck     But.......maybe they are just putting out false info to fool us. Yeah that's the ticket

butterfly   Will The Security Council Remove Iraq From Chapter VII?

12/14/2021 | 3:34 PM   Will The Security Council Remove Iraq From Chapter VIIJawad Al-Hindawi

The Iraqi Ministry of Finance paid the last amount of Kuwait war compensation, which amounted to 45 million dollars.

Iraq has paid, from 1996 until the first week of 2021, an amount of 52.4 billion US dollars in compensation. This is what Dr. Mazhar Muhammad Salih, the financial advisor to the Prime Minister, wrote in an article for him, published by the Iraqi Economists Network, on 12/11/2021, and under the title: Iraq’s End of Kuwait War Compensations…p. 1).

Forcibly, Iraq has fulfilled all its legal, political and financial obligations imposed on it by the resolutions of the Security Council and the United Nations, following the previous regime’s invasion of Kuwait. Iraq under duress accepted Security Council Resolution No. 687 of 1991 to form a border demarcation committee between Iraq and Kuwait, and the permanent representative of Iraq at the United Nations read a message,

in which he stated, “Just as we accepted Resolution 687 of 1991, despite our objections to it and our rejection of its contents, we will cooperate with you.” We name our representative in the demarcation committee, even if you did not take into account the opinions and observations mentioned above. We do this because of the persistence of conditions that compel us to accept.”

butterfly   Iraq did not make public its declaration in writing that it accepted under duress except for Resolution No. 687 of 1991, which delineates the border between Iraq and Kuwait, due to its awareness and knowledge that the Security Council has exceeded the limits of its powers and authority stipulated in the Charter of the United Nations, and it is not within its powers to demarcate the borders between two countries, and it was possible for Iraq,

And after leaving Chapter VII, to file a case before the International Court of Justice in The Hague, for the purpose of canceling the results and consequences of the border demarcation committee between Iraq and Kuwait, on the grounds that Iraq was not satisfied and that its agreement at that time to demarcate the border was under duress.

Now, after Iraq has ended all its financial obligations towards Kuwait, the Security Council must issue a decision to completely remove Iraq from the provisions of Chapter VII and to end the work of all financial and banking committees and institutions that exercise the role of guardianship over oil revenues and freedom of import and to conduct financial and monetary transactions. And that the resolution clearly states that Iraq has fulfilled all its obligations and that it is no longer under the provisions of Chapter VII.

butterfly   I refer here to what Mr. Abdul Basit Turki, Chairman of the Committee of Financial Experts in Iraq, emphasized in an interview conducted by Al-Sharq al-Awsat newspaper on 12/9/2021, that the Security Council should issue a resolution to remove Iraq from Chapter VII, and that this resolution stipulates the protection of Iraq From any other compensation claims, whether for individuals or institutions.

Will America agree to remove Iraq from Chapter VII, in accordance with a resolution issued clearly by the Security Council, as stipulated in the Charter of the United Nations? That is, just as Iraq was placed under Chapter VII and according to an explicit and clear decision, its exit from the provisions of Chapter VII must be according to a clear and explicit decision as well.

We certainly hope so, but we have doubts about the US position that wants (perhaps) for Iraq to continue free from Chapter VII sanctions, but it remains subject to some financial, monetary and political restrictions. Especially since Resolution No. 660 issued on 2/8/1990 condemned Iraq for its occupation of Kuwait, and also stated that Iraq constitutes a threat to world peace and security.

Perhaps America invokes the phrase “Iraq’s threat to world peace and security” and the claim that the situation of Iraq still poses a threat to world peace and security to completely disrupt its exit from Chapter VII, and the continued exercise of the role of guardianship and interference under the cover of the UN resolution.

butterfly   almaalomah.me

butterfly   The Culture Of Savings And The Dinar Crisis!

12/14/2021 | 4:22 PM   The Culture Of Savings And The Dinar CrisisDr. Muhammad Falhi…

Al-Rafidain Bank called on citizens to save, and announced a few days ago, financial benefits amounting to (4%) for citizens who deposit their money with the bank. Needs more clarification!

Money is the backbone of contemporary life, and the economic cycle in society, like the blood circulation in a living body, should be smooth and regular, and there is no doubt that the reluctance of most citizens to deal with Iraqi banks, and the absence of a culture of saving, is one of the most important aspects of the financial crisis. It is huge that is traded in the hands of people on the street, and does not enter into the accounts and treasuries of banks, among them and the most important of which is the Rafidain Bank, and this is an economic, social and media problem at the same time!

The future bank calls on citizens to save in a brief news of a few lines, and it may expect, after that, that citizens will carry bags filled with dinars and rush to banks, to put their money in safe safes, and return to their homes happy, dreaming of the promised profits, despite their insignificance compared to the banks of the world. Which works to constantly increase the interest, especially in times of crisis, in order to circulate and save money at the bank, and not at home, as the Iraqis do!

butterfly   Savings in banks requires a new economic culture, changing social habits, and activating the process of persuasion through the media, in order to change financial behavior, and a shift takes place in society from paper money to electronic transactions, and for every citizen to have an electronic bank account.

Persuasion in the savings process requires a media and advertising plan that aims to provide news, information, facts and benefits that the citizen derives when he deposits his money in the bank. For good handling and administrative interaction, and reducing paper-based routine procedures to the minimum possible in the operations of account opening, depositing, withdrawal and balance follow-up.

There is a lack of trust between the citizen and the banks, in general, and there are bridges cut between the two parties, for a long time, that should be restored and increased, by creating interactive windows for media communication to gain the approval of the public, before the citizen takes the initiative to put his savings in the bank’s coffers, even if you look at the websites For most Iraqi banks, I found them neglected, reflecting a bleak image of the bank, its management, procedures, and slow complex transactions!   almaalomah.me

butterfly   Postponing the ratification of the election results serves the losing forces in Iraq

12-14-2021   Postponing the ratification of the election results serves the losing forces in IraqThe Federal Supreme Court of Iraq has again postponed consideration of a lawsuit filed by the “Al-Fateh” coalition, the political front representing the militias loyal to Iran, to annul the results of the legislative elections that took place on the tenth of last October.

The repeated delay in resolving the issue of the elections raises discrepancies between the political forces in Iraq. While the Al-Fateh Alliance believes that it is necessary not to rush to issue judgments before completing consideration of all the details of the electoral process and the evidence it provided regarding allegations of fraud, the Sadrist movement is considered the winner in the merit that The delay of the Federal Court in issuing its decision is in the context of deepening the crisis.

Observers believe that these discrepancies regarding the position of the Federal Court are self-evident, as the Al-Fateh coalition, which filed the lawsuit, considers that it is in its interest not to issue a judicial decision in the current circumstance, due to the ripening of the arrangements being discussed behind the scenes regarding his presence in the upcoming political scene, and he is trying to exploit this margin of time. To attract more forces to strengthen his negotiating cards, and to maintain a state of pressure on the winning forces.

butterfly   On the other hand, the Sadrist movement, which topped the electoral scene with 73 seats, finds that prolonging the court’s decision on the electoral issues before it will restrain its moves in building a broad coalition through which it can impose its agenda based on forming a majority government, especially since some major powers (Sunni and Kurdish) do not Want to resolve its position on the alliances until the issuance of the judicial decision.

Muhammad Mahdi al-Bayati: The court’s acceleration of resolving the election issue will serve a certain party

The Al-Fateh Alliance, which suffered a severe electoral loss in the entitlement, filed a case a few weeks ago before the Federal Court to cancel the election results announced by the High Commission, claiming that it possessed evidence of massive fraud.

Judge Jassim Muhammad Aboud said at the conclusion of Monday’s session, “The court decided to postpone the date of the pleading to the twenty-second of December for the purpose of allowing the plaintiff’s agents to present their last pleas,” and for the court to complete the consideration of the case “in accordance with what was stated in the regulations presented at this session.”

This is the second time that the court has postponed hearing the case.

Lawyer Muhammad Majid Al-Saadi, representative of the parties submitting the complaint, confirmed that the aim of the lawsuit is to “cancel the election results.” Al-Saadi explained, “It became clear that there were very serious and major violations that would cause a change in the general result” after reviewing the summaries of expert reports requested by the Electoral Commission.

butterfly   Observers believe that the plaintiffs’ lawyers deliberately prolonged the case, and the purpose of this may also be to wait for clarity of vision on what will lead to the indirect US-Iranian negotiations in Vienna, in the hope that it will include a new deal that includes maintaining the current balances in Iraq.

The leader of the Al-Fateh Alliance, Muhammad Mahdi Al-Bayati, had earlier suggested that the court would postpone its decision on the lawsuit.

In statements to local media, Al-Bayati considered that “many papers submitted to the Federal Court regarding the elections cannot be considered within a few days.” He believed that the court speeding up the decision in the case would serve a certain party, in what seemed to be a reference to the Sadrist movement.

Thumbnail

The Federal Court should resolve complaints before it ratifies the final results of the elections so that the new parliament can convene, and to launch negotiations to agree on the three presidencies (the government, parliament and the presidency).

Officials in the Al-Fateh Alliance had presented, in a recent press conference, an explanation of the points on which they base their call regarding the results, noting that there were malfunctions in the electronic voting.

They said that the electronic fingerprints of some voters were not read, and they also wondered about the reasons for bringing in a new electronic device called “C1000″ days before the elections and the failures that occurred in its use.

butterfly   In addition to the Al-Fateh coalition, other parties have also submitted complaints to the Federal Court to object to the results.

In November, the United Nations Special Envoy to Iraq, Jenin Plasschaert, defended the work of the Electoral Commission, saying that there were no indications of “systematic fraud.”

During a meeting a few days ago with the leader of the Sadrist movement, Muqtada al-Sadr, the envoy reiterated the integrity of the electoral process, stressing that the postponement of the Federal Court to resolve the results of the entitlement is “inappropriate.”   rawabetcenter.com

butterfly   Iraqi Dinar/US Dollar auction results for Wednesday 12-15-2021 executed today 12-14-2021

25k Iraqi Dinar notesThe results of the foreign currency sale window Wednesday 15/12/2021 and executed today

Announcement No. (4548)  Sale date – Wednesday 15/12/2021 and executed today

the details   Amount

Total sales for the purposes of strengthening balances abroad (remittances, credits)  144,326,190

Total cash sale  60,760,000

total total sales  205,086,190

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/1174

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Zig’s Place Chatroom News Monday AM 12-13-21

Zig’s Place Chatroom News Monday AM 12-13-21

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

butterfly   Economist to / NINA /: Ending Kuwait's debt file will contribute to reconsidering Iraq's credit rating and its exit from Chapter VII

Monday 13 December 2021 An expert in economic affairs, Safwan Qusay, confirmed that the decision to end Kuwait's debt file will contribute to reconsidering Iraq's credit rating and allowing Iraq to get out of the sanctions imposed on it in accordance with Chapter VII.

Qusay said in a statement to the National Iraqi News Agency ( NINA ): "It has become clear that Iraq is moving towards clearing the debts of the first Gulf War by paying the last installment of 600 million US dollars, after it succeeded in paying more than 50 billion US dollars incurred as a result of the occupation of Kuwait."

And what followed,” noting: “This will contribute to reconsidering Iraq’s credit rating and allowing it to get out of the sanctions imposed on it in accordance with Chapter VII.”

He added, "However, the financial liberalization of Iraq's money should focus on the continuation of the American protection system for these funds, because raising the American protection system will enable Iraq's creditors to seize these funds."

Qusay stressed the financial policy maker in Iraq to invest in this situation in favor of activating the decisions of the Kuwait Conference in support of the rehabilitation of Iraq by supporting Gulf investments and supporting international guarantees in favor of investment growth in Iraq.

He continued, "This approach can restore confidence in Iraq's financial ability and free 3% of Iraq's oil revenues to finance the Iraq Sovereign Fund, which will represent the new window to support investment and establish infrastructure in Iraq."

butterfly   And the Central Bank of Iraq announced last Thursday that it had ended the necessary banking arrangements with the US Federal Reserve to stop the automatic deduction of Kuwait's compensation from Iraqi crude oil export revenues.

And he confirmed, in a brief statement, the possibility of paying the remaining amount of compensation in full before the end of the current year 2021 to end this file. https://ninanews.com/Website/News/Details?key=944525\

butterfly   The Financial Advisor Talks About The “Dark Path” Of The 52.4 Billion Dollars That Iraq Paid To Kuwait

Economic   Last Update 12/13/2021 | 4:34 PM   Mazhar Muhammad Salih, the financial advisor to the Prime Minister, explained the details of the decision to stop Iraqi compensation to Kuwait following the war between the two countries in the last century.

Saleh pointed out, in an article seen by the "Information" agency, the path of the international resolution in this regard and the stations for its implementation between Iraq and Kuwait.

He pointed out that Iraq was able to complete the compensation imposed on it, which amounted to more than 52 billion dollars https://almaalomah.me/2021/12/13/570625/

butterfly   The Information” Reveals The Details And Features Of The 2022 Budget And The Date Of Its Submission To Parliament

Economic   Last Update 12/13/2021 | 12:33 PM   The financial advisor to the Prime Minister, Mazhar Muhammad Salih, ruled out, on Monday, a proposal to change the dollar exchange rate during the current budget, indicating that the 2022 budget is ready for voting.

Saleh said in a statement to "The Information" that "all statements about changing the dollar exchange rate or returning to the previous rate are incorrect, indicating that "the benefits of raising the dollar price are great and can never be neglected, and talking about changing the exchange rate has become a thing of the past."

He explained that "the speculative price of a barrel of oil will be in the 2022 budget by about $50, which is less than the expected global price, which amounts to $70 per barrel," noting that "the global price of oil depends on several global data, as well as the government's intention to raise non-revenue rates." oil and increasing dependence on it.

Saleh added, "The government will present the budget ready to Parliament as soon as the constitutional procedures for the elections are completed," noting that "the budget witnessed some changes until the number allocated to it is not very different from the 2021 budget." https://almaalomah.me/2021/12/13/570561/

butterfly   A Country Neighboring Iraq Is Preparing To Launch Its Own Digital Currency

Economic   12/12/2021 | 3:38 PM   The Governor of the Central Bank of Iran, Ali Salehabadi, announced today, Sunday, that "the national digital currency will be launched soon on a trial basis."

During a meeting with the heads of missions of the Islamic Republic of Iran in neighboring countries, Ali Salehabadi said: "With regard to liberating our sources of hard currency, good measures have been taken, and the capabilities of the Central Bank to manage the foreign exchange market have doubled."

Abadi added: "The Central Bank is working seriously to facilitate the securing of foreign exchange from small exporters, in cooperation with the competent authorities and through specific mechanisms." https://almaalomah.me/2021/12/12/570393/

Doug_W   https://www.youtube.com/watch?v=_Gn_alAgOCo

Doug_W   U might want to listen to that

Sheila   Doug_W Thanks for that video. Strange it is.

Doug_W   very

butterfly   Devaluation of the dinar..!

2021-12-13   10K Iraqi Dinar notesMuhammad Abdul-Jabbar Al-Shabout || These days are passing the first ominous anniversary of the decision to reduce the value of the Iraqi dinar against the dollar in the most heinous deception and fraud against the Iraqi people.

As a direct result of this decision, the government’s imports increased, and the purchasing power of citizens decreased. And it does not need specialists and experts to find out. The petrodollar is the main source of money in Iraq. If the value of the Iraqi dinar was reduced, the size of the state’s financial income increased by the same percentage after converting the oil dollar into dinars.

This process benefits the government and the Ministry of Finance in particular, but in return it harms the Iraqi people, especially the employee class, which constitutes the main nerve of economic life in Iraq, in addition to the outrageous rise in the prices of goods, most of which are imported and are paid for in dollars, whose value has increased in dinars. Here, too, the consumer pays the difference in price.

The government cited many justifications and “benefits” for the devaluation of the dinar. The government’s words contained many inaccuracies, because the real benefit of this decision is to reduce the financial pressure on the Ministry of Finance and rid it of the financial distress that it was said to be suffering from.

It is also a weak argument because oil prices continued to rise after the decision to reduce the value of the Iraqi dinar. Prior to this decision, experts and economists presented many proposals and ideas to the governments of Adel Abdul-Mahdi and Mustafa Al-Kazemi, but the two governments ignored these proposals, while the current government only went to the proposal to reduce the value of the dinar. After a year of the fateful decision, no one can deny the fact that the Iraqi citizen is the first victim of this decision.

butterfly   And no matter how the beneficiaries, politically and financially, try to cover this up, their attempts fail because the citizen who buys flour, rice, fat, sugar, cleaning materials and others knows that the high prices of these materials and others are the direct result of the unjust decision. The catastrophe is that the government, which benefited from the devaluation of the dinar, did nothing to help the citizens affected by its decision.

The suffering of Iraqis multiplied as a result. It is even more unfortunate that most of the political forces colluded with the government in its unfair decision and did not stop it from taking a stand keen on the interests of the citizens, while the representatives of these forces remained silent about the decision.

There is no doubt that Iraq needs a radical reform of its distorted economy in all respects. Surprisingly, Article 25 of the constitution says: “The state guarantees the reform of the Iraqi economy according to modern economic foundations, in a manner that guarantees full investment of its resources, diversification of its sources, and encouragement and development of the private sector.”

But we have not seen any serious steps to reform the Iraqi economy since the adoption of the constitution until today. It has not taken deliberate steps to move from a socialist-oriented economy to a free one, has not taken serious steps to increase the productivity of society in agriculture and industry, has not taken serious steps to protect local production, has not taken serious steps to move from a rentier and consumer economy to a productive economy, and has not taken serious steps to transition From a single economy (dependence on oil) to diversifying sources of money and maximizing state revenues.

And so on in various fields. The result is the survival of the Iraqi economy in a state of underdevelopment and consumerism, excessive reliance on imports, and spending the bulk of the state budget on salaries.

butterfly   All this necessitates going to the development of a grand strategy to reform the economy and thus improve the living situation of citizens, provided that this strategy is developed by experts specialized in the economy, finance and industry and implemented by competent, loyal and honest people.  Subscribe to burathanews.com

butterfly   An Advisor Confirms…The Hard Currency Reserves In America Rise To 64 Billion Dollars

December 13, 2021   Central Bank of IraqThe Independent – A senior source in the Central Bank of Iraq announced that “the hard currency reserves of the US Federal Bank rose to 64 billion dollars, due to the rise in the oil markets.”

The source commented on the possible US decision that “it will bring significant financial benefits to Iraq,” which was confirmed by the financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih.

Hello, World!

Saleh said in a press statement: that Iraq “will reap a great benefit in light of the new monetary policy of the United States of America, because the Central Bank of Iraq invests its foreign reserves in the United States, providing the highest returns and lower risks.”   mustaqila.com

butterfly   The depreciation of the dinar is one of the reasons.. Iraq has the fifth highest inflation rate in the Arab world

2021-12-13 07:27   The depreciation of the dinar is one of the reasons.. Iraq has the fifth highest inflation rate in the Arab worldShafaq News/ Iraq ranked fifth with the highest inflation rates in the Arab world, according to Forbes Middle East magazine.

The magazine said in a report seen by Shafak News Agency; “Sudan ranked first with the highest average inflation rates in the Arab countries for the year 2021, at 194.6%, compared to 163.3% during 2020, after the value of the Sudanese pound fell against the US dollar since the beginning of the year by 695%.”

She added that Yemen ranked second in terms of the highest Arab inflation rates this year at 40.7% compared to 23.1% in the year of Covid-19, followed by Libya with 21.1% in 2021 from only 2.8% during the past year, and then the fourth Arab countries with an average annual inflation of 6.5% In 2021, compared to 2.4% last year.

She pointed out that “Iraq ranked fifth in the ranking of the highest inflation rates in the Arab countries, where inflation will rise to 6.4% this year 2021 from 0.6% in 2020, while inflation for 2022 will decrease to 4.5%,” noting that “the rise in inflation in Iraq The recovery of domestic demand in Iraq and the devaluation of the currency resulted in inflationary pressures in the country, although the past eight years witnessed stabilization of inflation from low levels due to the decline in import prices and weak demand.

butterfly   However, the statistics of the Central Bank of Iraq show that the Iraqi dinar fell 23.6% against the dollar, which was exchanged last month at a price of 1480.8 dinars, compared to 1198.4 dinars in March 2020, that is, with the outbreak of the epidemic in the region, and the inflation rate in Iraq rose by 6.8% in the month of October. Last October, according to the Ministry of Planning.

She explained that “the IMF expects Sudan, Yemen, Libya and Algeria to remain in the first four places in terms of the average annual inflation rate for 2022 at 41.8%, 31.5%, 8% and 7.7%, respectively, while Tunisia may displace Iraq from the fifth place, where inflation will reach In Tunisia, it will reach 6.4% next year, while Iraq will record 4.5%.

Tunisia, whose average annual inflation rate will rise to 5.7% this year from 5.6% last year, is in sixth place, ahead of Egypt, which comes in seventh place, where the average inflation rate for the fiscal year 2020/2021 will reach 4.5% from 5.7% in 2019/2020. .

While inflation in Kuwait will rise to 3.2% this year from 2.1% last year, the average inflation in Saudi Arabia will decline this year to 3.2% from 3.4% last year, provided that it approaches the acceptable limits at 2.2% next year, and the Sultanate of Oman ranks tenth With inflation reaching 3% this year, it is expected to decline to 2.7% in 2022.

The average inflation rate in the rest of the Arab countries will be less than 2% this year, noting that international monetary institutions such as the Federal Reserve and the European Central Bank consider the acceptable level of inflation to be 2% or slightly less.   shafaq.com

Bobby Cahill   Funny how all these supposed Gurus and YouTube idiots never tackle the tough pertinent articles such as the devaluation article. If it doesn't fit their narrative, it's not newsworthy. On the other hand they take newsworthy articles and twist em to their narrative. Go RV!!!!

Bobby Cahill   That devaluation article says a lot as to why Iraq will remain Iraq

Bobby Cahill   But for now Iraq is in a Constitutional vacuum

Sheila   ARTICLE: New Quantum(dot)gov Website

New Quantum(dot)gov Website by Kat - 10.8.20

Lookee lookee here. A new website just popped up: https://www.quantum.gov<br><quantum/gov>  

NATIONAL QUANTUM INITIATIVE

The Federal Source and Gateway to Quantum R&D Across the U.S. Government

Oh, here's an interesting October 7, 2020 article:

Quantum Frontiers

Report on Community Input to the Nation's Strategy for Quantum Information Science

Product of The White House National Quantum Coordination Office October 2020,,, CONTINUED ON THIS LINK...

https://dinarrecaps.com/our-blog/new-quantumdotgov-website

Dave   ARRG...postpone and more delay....... The Federal Court postpones consideration of the case submitted regarding the election results to the 22nd of this month

December 13, 2021 Walter   political| 12:33 – 13/12/2021   image

Baghdad – Mawazine News,the Federal Supreme Court postponed, today, Monday, the consideration of the lawsuit filed regarding the election results to a date later this month.

And a judicial source said in an interview with “Mawazine News”, “The Federal Court held its session today to consider the appeals submitted with the election results and demand their cancellation, and heard the pleading of the lawyer of the head of the Al-Fateh Alliance Hadi Al-Amiri, who filed a lawsuit earlier, calling for the elections to be canceled and to consider the appeals submitted with their results.” Noting that “the court decided to postpone the case to the 22nd of this month.” Ended 29/A 4

https://www.mawazin.net/Details.aspx?jimare=178237

Dave  have these guys ever been ahead of schedule?

Dave   Makes me now wonder if those Judges are in negotiations with Maliki and his check book......2months forward......either there is Dirt or not......????

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Zig’s Place Chatroom News Sunday Evening 12-12-21

Zig’s Place Chatroom News Sunday Evening 12-12-21

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

Dave   Bobby Cahill Familiar with Fractional Indexing?

Bobby Cahill   Fractional Banking I am

Sparky   @TWW ... hey whats up super secret agent man ?

Dave   thats where Central banks make out large

Bobby Cahill   I call it pretend money

Dave   hehe ...true though

Sparky   ...KC 35 LV 0 ...

Bobby Cahill   But just as Basel 3 did, it allows them play room

Bobby Cahill   Everyone went ape * over Base 3 and gold. Said the Gold Standard was back. Idiots

Sparky   ... I.m looking at gold ...

Dave   Sparky Silver DUDE!!!!!!

Bobby Cahill   buy low, sell high.....lather, rinse, repeat

Sparky   ... as a hold ...

Dave   Recollect BRICS?

Sparky   ... wished I bought more Bitcoin ...

Dave   Micro soft shares

Sparky   ... on steroids ...... $45000 per ...

Bobby Cahill   BRICS? Vaguely Along the lines of the EU?   but different countries?

Sparky   ... going to 100,000 ... as LakeHouse said it would ...

Dave   Brazil Russia India China

Bobby Cahill   There ya go

Sparky   ... and South Africa ...

Bobby Cahill   I get people calling me on Bitcoin and others saying this is our month, whatever month they may call, then I don't hear from em lol

Dave   we all cant get uber rich quick

Sparky   ... saw it at $60...

Bobby Cahill   SHIB and SAFEMOON were the biggies this month

Sparky   ... on a Phoenix chatroom ...

Bobby Cahill   Are those cryptos?

Sparky   ... "After the Gold Rush " ...

Sparky   Dave ... why not ?

Sparky   ... I was refering to Phoenix3333, and Lakehouse ... who called Bitcoin in 2011 ...

Sparky   ... at $6 a piece ...  ... now at 45k ...

Bobby Cahill   That stuffs more complicated than Iraq

Dave   waiting fer silver......

Sparky   ... and more profitable ...

Dave   Sparky Humbug

Bobby Cahill   Heck I have a baseball card more profitable than Iraq. And it's a second baseman who hit .194

Dave   1/14 of a cent to a dime.........HUGE ROI

Bobby Cahill   Golf time in SE Texas. Have a good one

Sparky   Bobby Cahill ... lol ...

Sparky   ... nice to see new blood in here ...

Dave   Bobby Cahill dont be a stranger....just be strange

Sparky   ... like us ...

Sparky   Bobby Cahill ... 300 off the tee ?

Dave   call it nite golf

Sparky   ... Dave will do 325 ...

Dave   awaiting Brady.....

Sparky   ... I live beside a golf course ...

Sparky   ... slam 300 and never even look for the ball ...

Dave   Lexan windows?

Sparky   ... hehehe ...

Dave   weather been too lousy to golf here lately

Sparky   ... it slices, or it dosn't ...

Sparky   ... my open stance needs work ...

Dave   hate to find my ball in your living room

Dave   Hank Haney my hero....

Dave   great golf lessons.......

Sparky   Dave ... your the one who broke my window ...

Dave   no comment.....

Sparky   ... Vancouver Island to Boston, that was a great drive ...

Dave   never monogram your balls......

Sparky   ... this one says Dave...

Dave   thats my other Brother...

Sparky  ... you owe me $350 US ... broke my window, and scared my cat ...

Dave   350.00 small window fer a golf course

Dave   i never monogram my balls fer that reason...

Dave   ARRG...snowing like heck......

Dave   glad wife just getting new tires from costco now......

Sparky   Dave ... 65 degrees and sunny ...

Sparky   Dave ... https://youtu.be/fWvKvOViM3g ... Ozzie ..

Dave   Sparky have to get groceries...wife beckonsng......

Sparky   ... KC 38 LV 3 ...

Dave   Kap.....Indeed from fixed rate to Float.....again never qualify.......was it free float or managed float Shabs discussed this........under Managed Float ....can only increase 2-3 % every 90 days......to see 1 dime would take a decade.........

Dave  ...would CBI wish to compete competitively at that rate.......?

Dave  for a decade......

Dave   100 trillion in circ now.........seems to have doubled in the last yr or so?

Dave   .......Have yet to see nothing about that directly from CBI.......?

Dave  Has has Kap submitted ANY of that directly from CBI......? Must be missing that boat.........Help......I may be stranded......

Sheila   GRATEFUL TO READ THIS STORY TONIGHT... GAVE ME SOME PERSPECTIVE THROUGH HUMOR: "Ready...Set...WHOA!!" By Dr. Dinar

From Recaps Archives   Thank you Dr. Dinar

READY... SET... WHOA! by Dr. Dinar

As we approach the end of the year, the one phrase we continue to hear over and over again is "Everybody's ready, everything's in place, we're simply waiting for the GO signal."

There's only one problem. We've been hearing that very same phrase for the past 2 or 3 years.

I don't know about you but I've lost quite a bit of faith in that statement.

Actually, more than just a bit.

As a matter of fact, I've pretty much filed that phrase under the same category as "Sooner than later" and "We're in the window".

The category starts with an "M"... for Meaningless.

And as much as we continually hear there haven't been any delays, the longer this continues to drag out the less I believe in that statement.

If I have to hear about the horses waiting anxiously in the starting gate one more time, I'm going to open up my own Glue Factory... continued at this link:   https://dinarrecaps.com/our-blog/readysetwhoa-by-dr-dinar

Sheila   That story reminds me of the children's book "Fortunately" by Remy Charlip

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Zig’s Place Chatroom News Early Sunday Afternoon 12-12-21

Zig’s Place Chatroom News Early Sunday Afternoon 12-12-21

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

Butterfly   Signing a banking memorandum of understanding between Iraq and the UAE

Sunday 12 December 2021 The Central Bank of Iraq signed a memorandum of understanding with the Central Bank of the United Arab Emirates on strengthening cooperation and developing banking relations between the two brotherly countries.

According to a bank statement, the two sides stressed the importance of developing banking relations, training cadres, facilitating the transactions of the private banking sector on both sides, and opening opposite accounts in a way that ensures compliance with international standards and taking due diligence in accordance with anti-money laundering and terrorist financing laws. https://ninanews.com/Website/News/Details?key=944360

butterfly   A Country Neighboring Iraq Is Preparing To Launch Its Own Digital Currency

ECONOMIC   12/12/2021 | 3:38 PM  The Governor of the Central Bank of Iran, Ali Salehabadi, announced today, Sunday, that "the national digital currency will be launched soon on a trial basis."

During a meeting with the heads of missions of the Islamic Republic of Iran in neighboring countries, Ali Salehabadi said: "With regard to liberating our sources of hard currency, good measures have been taken, and the capabilities of the Central Bank to manage the foreign exchange market have doubled."

Abadi added: "The Central Bank is working seriously to facilitate the securing of foreign exchange from small exporters, in cooperation with the competent authorities and through specific mechanisms." https://almaalomah.me/2021/12/12/570393/

12 Dec 21, 10:19 AM butterfly  An Economist Explains The Most Important Ways To Get Rid Of Internal And External Debts

Economic  Last Update 12/12/2021 | 9:15 AM  The economic expert, Dr. Safwan Qusay, explained that Iraq has the possibility to get rid of internal and external debts by relying on public and private sector companies and transfer part of the debt towards these companies and internal and external investments.

Qusay told Al-Maalouma, "Iraq does not currently need internal or external borrowing, and it should work at the present time to gradually reduce and zero its debts over the next five years."

He added, "The next government, if it thinks of paying, can transfer a portion of the indebtedness to the private sector and profit-oriented public companies, as a path to repay these internal debts."

And he indicated that "Iraq can pay off foreign debts by forcing the investor to buy debts for specific investment opportunities, especially at the level of profitable opportunities in the petrochemical industry or other industries."

He pointed out that "if the government adopts the method of investing in exchange for debt purchase, or reducing the indebtedness of the Ministry of Finance in some public companies in exchange for transferring this internal indebtedness to the profitable oil and transport companies, it is possible to zero the debts." https://almaalomah.me/2021/12/12/570267/

butterfly   2021-12-12 09:00   Shafaq News/ The U.S. dollar (USD) exchange rates against the Iraqi dinar (IQD) stabilized in Baghdad today evening.

Shafaq News Agency correspondent said that the Central al-Kifah and Al-Harithiya exchanges are trading the USD at a rate of 148200 IQD to 100.

Our correspondent said that the buying and selling rates of 100 USD in the local markets of the Iraqi capital stood at 148750 and 147750 IQD, respectively. https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-stabilize-in-Baghdad-2

Hell

butterfly   2021-12-12 08:13  Shafaq News/ The Iraq Stock Exchange (ISX) traded more than seven billion equities valued at more than seven billion dinars last week.

A report of the market obtained by Shafaq News agency said, "47 publicly traded companies cast out of 105 enlisted companies," indicating, "36 did not cast out for buying and selling prices disparity. In addition, 22 companies were delisted by the Iraqi Securities Commission for violating the disclosure regulations."

"7,810,446,000 equities were traded this week, down by 13.52% the previous session, at a value of 7,367,953 billion dinars, down by 5.67% compared to the week before, via 4054 transactions made last week."

"ISX60 index closed at 561.57, 0.28% above last session's closure," the report added.

It is noteworthy that Iraq Stock Exchange installed Central Depository and Electronic Trading Systems in 2009. It organizes five weekly sessions and lists 105 public companies from different economic sectors. https://www.shafaq.com/en/Economy/ISX-traded-7-billion-dinars-worth-of-equities-last-week-report

butterfly   2021-12-12 06:21  Shafaq News/ The Governor of the Central Bank of Iraq (CBI), Mustafa Ghaleb Makhif, inaugurated on Sunday the activities of the Iraqi Banking Week in Iraq's pavilion in Expo Dubai 2021.

The inauguration ceremonials were attended by the head of the Arab Monetary Fund (AMF) Abdul-Rahman al-Abidi, the head of Iraq's Private Banks Association Wadi' al-Handhal, a group of CBI senior officials, and board directors of private banks.

"The activities of the Banks week in Iraq's pavilion significantly contributes to opening the Iraqi banking sector to the Arab and international world," Makhif said in his keynote speech, "CBI's supervision contributed to its development."

Makhif added that Iraqi banks have been expanding outside the country, which boosted their credit rating by specialized agencies.

"Iraq has become an attractive arena for investments, which requires an efficient banking sector to keep up with that," he continued.

The head of AMF appraised the successful policy of CBI and Makhif's efforts to ensure the openness of Iraq's banking sector to the world.

The Iraqi Private Banks Association chair, Wadi' al-Handhal shed light upon the centrality of the banking sector for economic progress and the role of this event in revitalizing the ties with the banking sector in the world. https://www.shafaq.com/en/Economy/Expo-Dubai-hosts-Iraqi-Banks-Week-CBI-governor-Iraqi-banks-are-expanding-overseas

Sparky  ... anybody listen to Kap's call ?

Dave   Iraq soon out of Ch7........Federal court gonna hopefully ratify election results hopefully as soon as tomorrow.......

Sparky   Dave ... what about antiquities and bodies returned ...

Dave  yep   just to pay kuwait now   antiquities and bodies returned ...DONE

Sparky   Dave ... when did that occur ?

Dave   1-2 yrs ish

Sparky   ... hmmmm ....... ok ...

Dave   hmmm?

Sparky  ... thought that was still a CH 7 issue ...

Dave  peeps been arguing with me about Iraq being out of Ch7

Dave  missing bodies was an issue...no longer

Bobby Cahill   Actually it's still an issue and will continue to be. Is it CH VII worthy, nope. But it hasn't gone away. CH VII isn't that big of a deal since 2013

Dave   Bobby Cahill CBI could have cleared that up in a heart beat?

Bobby Cahill   Well they received their $8, or so billion, so that helped. Iraq has had clear sailing for 8 years

Dave   No WTO while Ch7

Bobby Cahill  $82 oops,,,   Dave Why's that?

Dave   Sanctions..... being spanked by UN   fer not playing nice

Bobby Cahill   So all the Trade agreements with the US, China, Saudi, Turkey, Jordan Europe are sanctioned?

Dave   MOUs......

Bobby Cahill   Oh and Kuwait :)

Dave  plenty of Mous

Bobby Cahill   And plenty of Trade

Dave  Big Oil.......restarting negotiations...Chevron…    had pulled out

Bobby Cahill  Iraq's Oil Industry, one of the most corrupt in Iraq, won't see full capacity and returns without a HCL

Dave  yep..... White Paper....    :Fingerscrossed:

Bobby Cahill   I think Dinaro World, not including yourself, jump pn CHVII likes it the automatic event/trigger for a revalue. That will come and go just as it did in 2013

Bobby Cahill  2013 told us there are no restrictions on Iraq and the Global Community

Dave   CBI aint ready as it is now

Bobby Cahill   CBI has to wait on a viable economic policy and results

Sparky   ... we're at the same place as jump street ..

Dave  Who would invest in Iraq currently....

Bobby Cahill   Not A lot because there's rally no 1 window policy

Bobby Cahill  That said, they are rebuilding and using the IQD

Dave  Kuwaiti/Baghdad conference was a bust

Bobby Cahill  Dave That was a hopeful time

Sparky   Bobby Cahill ... as it devalues ...

Dave      Bobby Cahill IRAQ GOVT has passed nodda in 15 yrs

Sparky   ... I thought 1170 was the bottom ...

Bobby Cahill   it could devalue to 1600 but still has value. All the devalue did was afford the GOI to undig it's grave and stop borrowing

Dave  HCL 140 private banking laws

Bobby Cahill   140 will NEVER see the light of day until they ammend their Constitution

Dave   Sparky Most nations in World facing inflation

Dave   Iraq does not have a buffer\

Dave   We all paying more.......fer everything

Sparky   ... blue moon or black swan ...

Sparky  ... I don't see this going anywhere quick...

Dave   Bobby Cahill you mean implement the articles of their constitution

Sparky   ... the corruption machine, with Iran ......Maliki's puppet for Iranian influence ...

Dave   Sparky Iraq needs to get electricity from somewhere

Sparky  ... they are like Texas ...

Bobby Cahill   Dave Yep and that's why 140 will never see the ligfht of day. It's impossible to implement

Sparky  ... full of it ...

Dave   Sparky seen pics of their power grid?

Sparky   ... nope ...... should have been done ten years ago ...

Dave   Bobby Cahill White Paper gives me hope....Sadr dont like to fool around...does not like Maliki

Bobby Cahill  Dave WP's are amazing and Sadr's still; an idiot

Dave   corruption tops on his White Paper reforms

Sparky  ... complete ... and suppling other neighbors ... the gas they flame could light up europe ...

Bobby Cahill   Sparky and save them billions

Sparky  ... and make them billions ...

Bobby Cahill  there ya go

Dave  provide them power too...lol

Sparky   ... it's a power grab ...

Sparky   ... kep the poor poor, and steal the wealth of their nation ...

PM Dave   780 billion usd disappeared   65 billion fer M........not bad......

Sparky  ... KC rollin' over LV ...

Dave   Allawi 33 billion....hes squawking now

Sparky  ... richest ... Barzani and Maliki ...

Dave  yepp

Dave   Richest politicians in the World

Sparky  ... hard to stay in this game, the more we learn ...

Dave   why those Conferences were a bust

Dave   invest in THAT?  Elections rigged??????    we be screwed is my take

Bobby Cahill   Strange thing is that if all that is true, why are those funds being frozen? Gotta look at it as it's either US or Euro right? So the US and EU can freeze those. I read an article the other day about Barzani owning a CVS in Miami lol. Corrupt protect the corrupt. Don't forget the US issued and official EO in 207 talking about do just that, freezing corrupt assets

Bobby Cahill  why aren't......oops

Sparky   ... Bobby Cahill ...I read that ...

Bobby Cahill   201 also. typing sucks

Bobby Cahill   2017 dang

Sparky  Florida ...

Bobby Cahill   Yeah they call him the Drugstore Cowboy lol

Dave   UNSC lists IRAQ....CH7....asset freeze on banking

Bobby Cahill   what assets?

Bobby Cahill   the 82 billion?

Dave   64 million now .....????

Dave   to be paid by 2022

Bobby Cahill   Well the 82 under sanctions was given back in 2013

Bobby Cahill   Along with the DFI monies

Dave   Bobby Cahill Butterfly posted some news on that days ago

Bobby Cahill  Yeah we have to look at these articles and go back historically and see how it relates. In this case they were talking about historical Iraq

Dave   COI cant collect on frozen accounts until out of Ch7......250 billion usd at least

Bobby Cahill   This is from the publication Diplomatic Courier and a Q & A with the Iraqi Ambassador

Bobby Cahill   [DC:] With the lifting of Chapter 7 sanctions in June 2013, $82 billion in frozen assets were released and Iraq once again has control of its oil revenues and policy. Specifically, where will this help Iraq’s economic development?

[LF:] For the first time in over two decades, Iraq participated in the United Nations General Assembly this year as a fully-fledged member of the international community, following its removal from Chapter 7 of the UN Charter. The lifting of sanctions gives Iraq and international companies the ability to do direct business, specifically in the areas where the sanctions had the most impact. For example, in an effort to rehabilitate its national carrier, Iraq recently purchased 30 Boeing planes.

Sparky   Bobby Cahill ... historical Iraq carried a $2.70 ... without so much Dinar in circulation ...

Bobby Cahill  Sparky And Iraq alsohad a differnt currency structure

Sparky  ... swiss dinar ...

Dave   Bobby Cahill Iraq still Ch7.......need the links......apparently UN has not changed that from 2013?

Bobby Cahill   Heck most of Iraq's debt is Sadam debt and most of the current sanctions are Sadam related

Dave  not sure what kinda of CH7 means?

Sparky   Bobby Cahill ... Sadam made up his own value ...

Bobby Cahill   Dave That's where we have to look at the overall picture in Iraq and what they are being allowed to do, and not do. So far there is nothing restricting Iraq as a country from entering the global markets. Just today they are participating in a banking expo

Dave  Sparky Swiss Dinar had a value

Bobby Cahill   Iraq's problem is tat they can neither support, or sustain an economy or currency value

Sparky   ... I don't even think he wanted to trade outside North Africa ... stole 100$USD notesnto try and subvert the USA economy ...

Dave   Bobby Cahill My take CBI dont want it it yet....could force their hand?

Bobby Cahill   Dave The CBI knows for a fact that there is NO way to take the currenct IQD to FOREX or international trade

Dave   pretty much

Bobby Cahill    Thjey are looking at the 4 numbers just like we are. Then there are the 4 stability's as well

Sparky   ... Sadams mission was to subvert the USA economy ... fact ...

Bobby Cahill   so 4 different set of stabilitys

Dave   social ecomomic and political

Bobby Cahill   and monetary  The monetary is leading the race towards stability .. BVut the Banking Sector needs help

Sparky  ... GWB placed him there when he washead of the CIA in the '70s ...

Dave  No private banking laws yet to protect foreign investment

Bobby Cahill   Well they have an Investment Law that provides protection, even a single window for investors, it's just not implemented properly

Dave   Bobby Cahill yes need to get folks to get to the banks and make loans

Sparky   ... sorry, not W ... his father ...GHB ...

Dave   Bobby Cahill need 3rdr reading...Done?

Bobby Cahill  On the Investment Law? It's already in the Gazette

Sparky   ... all the puppets in the middle east, we put there ...

Bobby Cahill   Some say it needs amending and that may be true, but on it's own, it's a sound law

Dave   Bobby Cahill ????? missed that boat

Sparky   ... if they even think of a golden dinar, they take a dirt nap ...

Bobby Cahill   Investors look at Iraq just as we do. They see potential, just no Political will. They also want to see those stability's

Dave   Bobby Cahill Bingo....Look at the UAE

Sparky   ... every oil transaction is in USD ... think about that ...

Bobby Cahill   https://investmentpolicy.unctad.org/investment-laws/laws/205/iraq-investment-law-

Dave   Sparky CBI converts it to IQD....how they make money on the spread?  Worlds currencies based on USD

Bobby Cahill   The 5 Majors (IMF SDR Basket) control the world of currencies

Dave   USD still KING?

Bobby Cahill   I saw where Billy Goat said Iraq would be in that Baskey. What a nutcase

Bobby Cahill    Still king but losing it's % in the SDR Basket

Sparky   Dave ... the exchange is how they survive ... as I know ...

Dave   and those infamous auctions

Sparky    ... but, then again, I know squat ...

Dave   Sparky dont listen to Kap then?

Bobby Cahill    That's another thing that if implemented properly, would be fine. But once the Banks get involved, so does Plitics ……..Politics ……. Maybe my keyboard needs new batteries

Sparky   Dave ... Kaps a good dude, and believes what he believes ...

Dave   Bobby Cahill 1 yr ago 30% of Iraqis had bank accounts

Bobby Cahill   The CBI has pulled it's hair out on Financial Inclusion. Trust issues for sure

Dave   must be surviving from all thoses notes stuffed in mattresses

Bobby Cahill   The only thing that will get all that into the Banks is a revalue or redenomination'

Bobby Cahill The devalues keep eroding that trust

CHAT TO BE CONTINUED - PLEASE CHECK BACK LATER

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Zig’s Place Chatroom News Early Sunday AM 12-12-21

Zig’s Place Chatroom News Early Sunday AM 12-12-21

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

Zig   Special Year-End DinarAlert Conference Call Saturday, December 11th, 2021 Replay information 122 minutes. (in mp3 format for all devices) Download and then play may work better. *Some Apple devices may not play correctly.      2021-12-11.mp3

Zig   https://dinaralert.webs.com/2021-12-11.mp3

Sparky  Zig ... that was a good call imo ... somethings said left me with questions ... i appreciate their effort ...... over two hours of IQD stuff ... Ernoste said 6 to 36 months to $3+ ... hmmmmmm ...... I appreciate their efforts

Bobby Cahill   3+ and Kap didn't laugh him off the call?

Sparky   ... nope ...

Bobby Cahill   The persons/properties doesn't fall under CHVII, just the monetary issue

Sparky   Bobby Cahill ... yup, bodies and antiquities have to be returned prior to CH 7 removal ...

Bobby Cahill   That's not true. Those fall under CH VI

Bobby Cahill   CH 6 is a working committee btwn the 2 countries that report to the UNSC

Sparky   Bobby Cahill ... I say CH7 isn't removed without bodies and antiquities retrieved ...

12 Dec 21, 07:46 AM Bobby Cahill   Ok keep thinking that

12 Dec 21, 07:47 AM Sparky   Bobby Cahill ... was there an agreement that I'm not aware of ...

12 Dec 21, 07:48 AM Sparky  ... the 4/5 Billion is a slow roll ...

Sparky   ... they could pay that off today if they wanted to ...

Bobby Cahill   Yeah it was back in 2013. UNSC ......."Unanimously Adopting Resolution 2107 (2013), Security Council Removes Iraq from Chapter VII Obligations over Return of Kuwaiti Nationals"

Bobby Cahill   So what happened there was they moved those isses to CH 6

Bobby Cahill   The payoff was worked out thru a percentage after things calmed down with ISIS. It was a 1 to 3% oil revenue pay out

Sparky   Bobby Cahill ... antiquities returned? or forfeited ?

Bobby Cahill   That's a tricky one but has no adverse affect on Iraq. It's like during WWII and tracking all the persons and properties tied to Germany. It will be ongoing for decades. They report to the UNSC every 3 months on the progress

Sparky   Bobby Cahill ... so, no effect on CH 7 ?

Bobby Cahill   Not as far as those 2 issues

Sparky   ... hmmmm ... thought that was a sticking point ...

Sparky   ... I guess if Kuwait says its good, its good ...

Bobby Cahill   To be honest I don't see CH VII as a big issue. Iraq continues to sign Trade Agreements and has open access to the Financial Markets. 2 entities to keep an eye on are FATF and OFAC. They control the movement of monies and they say Iraq is free to deal with. Iraq just needs to tighten it's Banking Sector away from Politics and that ain't happening anytime soon

Bobby Cahill   Yep Kuwait has to give it blessing to the UNSC and then the UNSC will look at the overall picture in Iraq to remove CHVII

Bobby Cahill   There are multiple Articles within ChVII that has to be met

Sparky   Bobby Cahill ... is the TBI still under Maliki's girlfriends control ?

Bobby Cahill   No doubt. TBI controls over 80% of the currency within Iraq and that's why they were allowed to open up in Saudi Arabia. The 2 that are of concern are Rasheed and Rafidain (sp) The IMF has asked for a restructuring of those for years but again Politics is the roadblock

Sparky   Bobby Cahill ... greed and corruption bro ...

Bobby Cahill   100% and that a tough monster to tackle. 4 issues control our investment. 1) Transparency/Corruption 2) State sponsored employment 3) Ease of Doing Business 4) Oil dependency

Bobby Cahill    Once we see those numbers change in a positive direction, then we can talk delete the zeros

Bobby Cahill   Everything else is just flat out bullshit

12 Dec 21, 08:06 AM Sparky   ... the sooner they delete the zeros, the more I'll know on where I stand in this endeavor ...

Bobby Cahill   Well so far DTZ has re denomination written all over it and that ain't good lol

Bobby Cahill   I do agree with Kap that a gradual increase in value is on the table

Sparky   Bobby Cahill ... agreed ...

Sparky   ... DTZ, then float is the only way I can see it ...

Bobby Cahill    But I do see a lot of inconsistency in this investment and that's frustrating to watch

Sparky   Bobby Cahill ... uphill on skis ...

Bobby Cahill   Sparky I agree. The $64K question will be, what happens to the currency we hold if they re denominate

Bobby Cahill   Iraq has a choice to pay billions, or trillions. Even they ain't that dumb. Hell the way they keep printing and selling this stuff they may have to pay a trillion to re denominate

Sparky   Bobby Cahill ... I saw an article by Saleh as VP of CBI, and described notes of same color, simply reduced by three zeros ... circa 2012 ...

Bobby Cahill   Once we saw a few devalues take place, it said re denomination all over it

Sparky   ... back in the day Shabbibi was in charge of CBI ...

Bobby Cahill   Heck even Shabibi knew they can't revalue without a re denomination

Sparky   ... Saleh was VP, and has held on to financial advisor ... although Turki and other PMs hold him close ...

Bobby Cahill   Now some out there, especially over at KTFA, lead people to believe they will revalue then re denominate. That ain't how it works

Sparky   Bobby Cahill ... vice versa ...

Bobby Cahill    Salih is an economic wiz and has held onto the advisory role thru multiple PM's. Smart dude

Bobby Cahill   Whe he talks, we should listen. Nassri (sp) is another one

Bobby Cahill   Certify Elections, Seat Parliament, Appoint Speaker and President.......then let the fun begin

Bobby Cahill   Sadr screwed the pooch last time, let's see what the idiot does this time

Sparky  ... the last few PMs have been financial ministers ...

Sparky   ... previously ...

Sparky   ... Abadi comes to mind ...

Bobby Cahill   Sparky 100%!!!!!!! All had "economic visions" and yet here we are. Why is that? Well because Parliament and the Ministeries won't allow it. Let's hope the new Election Law did it's work

Bobby Cahill   Abadi started the "reform process"

Sparky   Bobby Cahill ... circa 2014

Sparky   ... in my recollection ...

Bobby Cahill   Sparky you know your history. That's a must in this investment. Kudos

Sparky   ... I appreciate you Bobby ...

Sparky   ... I.ve been around a while ...

Bobby Cahill   Knowing the history and facts in this makes the Bourbon a lot smoother. Sad part is a majority in this listen to fools

Sparky   ... if the Maliki machine comes back ... State of Law ... (SOL) ... it may take a while ..

Bobby Cahill   I agree and it all depends on Sadr. Maliki and Ameri don't hold the votes, just the firepower. Once Sadr starts getting the votes, then we'll see how he distributes the Ministries and Committees within Parliament

Sparky   ... although he never left...

Sparky  ... groundhog day ...

Bobby Cahill   The PM is a puppet and always has been. If they ever let the people vote for their PM, and the Political Parties are dwindled down to a few, we may see changes

Sparky   ... there is hope ...

Bobby Cahill   I will give this guy a lot of credit for his White Papers. An amazing reform document

Bobby Cahill   The 1st 40 pages tell you how F'd up they are and the 2nd 40 tell ya how they can fix it

Sparky   Bobby Cahill ... youv'e read them ?

Bobby Cahill   You betcha. Here's a shortened version..........

Bobby Cahill   https://gds.gov.iq/iraqs-white-paper-for-economic-reforms-vision-and-key-objectives/?fbclid=IwAR194MBWuIiVIijIZnyMOUJp9F4Lbd6m__gCowKUnMMtHlY7T0fdrM7cuuw

Sparky  ... The White Paper seeks to put Iraq’s economy on a path that allows the state to take appropriate steps in the future to develop it into a diversified, dynamic economy. Dr. Ali Allawi, Deputy Prime Minister and Minister of Finance ...

Bobby Cahill   You heard me mention salaries? Well here's what's in the WP......"The cost of salaries and pensions of public sector workers is expected to be around 122% of Iraq’s oil revenue in 2020. The White Paper for Economic Reforms"

Sparky   ... just the headline ...haha

Bobby Cahill   These guys, PM/MOF, are all business and exactly what Iraq needs. Now they just need the political support

Sparky   ... 122 % is a big number ...

Sparky  ... cost ...

Bobby Cahill   Yep and that's why they keep borrowing. Now with the rise in Brent, let's see how they do

Bobby Cahill  Heck they devalued the currency to quit from borrowing lol

Sparky   ... we temporarily lost value ...

Bobby Cahill   It's harder to increase than to decrease (however you look at those 2). Some will tell you 1450/60 won't be in next years Budget but they also said the same thing about 2021's

Sparky   Bobby Cahill ... 1170 and less sounded better ...

Bobby Cahill   December is a hard month for people investing in this. So many hopes and so much bullshit

Bobby Cahill   Sparky 1190 too lol

Sparky   ...I'm good, I'll hold my cards ...

Bobby Cahill   I agree. This is something I have very interesting (IQD) and enjoy learning but not a top priority. Fun over a cup of coffee

Bobby Cahill   Once you know the basics, you don't need it everyday

Sparky   Bobby Cahill ... I appreciate your take ...

Bobby Cahill   Sparky It's always a pleasure coming in and watching you rant lol. Go easy on Doug, he's good people lol

Sparky   Bobby Cahill ... just warming up ...

Bobby Cahill  YIKES! On that note, breakfast burrito time. Have a great day my friend

Sparky   Bobby Cahill ... nice chatting with you my friend ...

Butterfly   WOW an actual decent/knowledgeable conversation about the dinar.

Sparky   butterfly ... yup, that's how we roll ...

Sparky   ... I respect a respectful IQD gentleman in our journey ...

Sparky   ... BobbyC prolly forgot more than I know, but is a nice person to enlighten me ...

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Zig’s Place Chatroom News Friday PM 12-10-21

Zig’s Place Chatroom News Friday PM 12-10-21

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

butterfly    Dave thought you would enjoy some of the ones I've been posting lately. I see you haven't been in for awhile, so you might want to scroll up and see the good news.

Dave   ......almost.......out of Ch 7.......

butterfly   Dave Bingo

Dave   CBI in no hurry though.....

butterfly   TBI I think the other name that Seck told us to look at and I posted an article about their banking situation.

Dave   missed that

butterfly   the article?

Dave   yep

butterfly   crap, now I have to see if I can find it.

Dave   no worries...awaiting a Govt to pass some laws....private banking laws would be nice fer foreign investment

butterfly  This article should give you information on that bank. https://www.devex.com/organizations/trade-bank-of-iraq-tbi-120898 The Trade Bank of Iraq was established in 2003 and is the top commercial bank in the country, the bank holds approximately 80% of the trade finance business ...

Dave   requires private banking laws to protect foreign investments

Dave  then trade will start????

Dave   then WTO once out of Ch7?

butterfly   https://tbi.com.iq/home/

butterfly   As it stated they hold 80% of trade finance business......now read that again.

Dave   ???? missing that......

butterfly   Here is part of the article: TBI was established by the Coalition Provisional Authority on 17 July 2003 as an independent government entity to provide financial services to facilitate import and export of goods and services to and from Iraq. TBI was licensed by the Central Bank of Iraq and commenced its operations one month after the decision to establish it as a government financial institution had been taken.

Since then, TBI has grown into a leading bank in Iraq through strengthening its financial position, assets, and equity. TBI started with paid-up capital of USD 5 million (authorised capital: USD 100 million) in July 2003 and the paid-up capital increased to IQD 1.75 trillion (USD 1.5 billion) as at the close of 2015 by capitalisation of retained earnings. TBI recorded an annual profit of USD 454 million during 2016. The bank quickly developed into an organization with an asset base of USD 19.7 billion as at the close of 2016.[1]

In the first year of operation TBI was associated with a consortium of international banks led by JPMorgan Chase. During the startup period, the consortium offered TBI technical support and banking know-how and it has been issuing and confirming letters of credit and letters of guarantee on behalf of TBI.

The consortium remained at the heart of TBI's correspondent network and had been a key element in the successful growth of TBI's trade business. https://en.wikipedia.org/wiki/Trade_Bank_of_Iraq

Dave   Trade within Iraq......

butterfly   Dave what can I say. I post and hope people read and understand, but here we are in just another day.....

butterfly   Foreign offices

TBI opened a Representative Office at Abu Dhabi Global Market in UAE on 26 November 2017. It is the bank’s first office outside of Iraq.

TBI also opened a branch in Riyadh, Saudi Arabia in April 2019.[2]

Dave   CBI aint doing diddly until All their ducks are lined up.....IMO

butterfly   Trade Bank of Iraq (TBI; Arabic: المصرف العراقي للتجارة‎) was established in July 2003 to facilitate Iraq's domestic and international trade dealings once the United Nations Oil-for-Food Programme ended in 2003.

Dave   CBI could have paid out Kuwait easily years ago

butterfly    international trade dealings

Dave   International trade dealings while under Ch7?

butterfly   TBI

Dave    yadda yadda maybe just regionally not yet global

butterfly   2003

Dave   oil companies just starting to Re negotiate......better than pulling out

Dave   WTO.......then Global trade?

Dave   no wto while ch7

Dave  some Horse trading with their neighbours is my take

Dave  Read Chevron now talking with the Kurds......Baghdad questions that......who gets and pays from those disputed territories

Dave   White Paper very promising.......still awaiting results from Court if the elections were rigged or not

Dave   Elections turn out to be rigged.......I will take a long nap.........

Dave   Investing in Maliki et-al make no sense to me

Dave   ...wonder if it makes sense to Big Businesses ?

Dave   butterfly 19.7 billion.........our flooding here alone gonna cost that much alone to fix

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Zig’s Place Chatroom News Friday AM 12-10-21

Zig’s Place Chatroom News Friday AM 12-10-21

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

butterfly   Dollar exchange rates are stable in local markets

Friday 10 December 2021 The exchange rates of the dollar recorded, today, Friday, stability in the local markets.

And the selling prices of the dollar were recorded at 148.250 dinars per $100.

While the purchase price of the dollar recorded 147.750 dinars per 100 dollars. https://ninanews.com/Website/News/Details?key=943965

butterfly   Al-Abadi on the anniversary of victory: Winning the challenge today lies in overcoming the political division and working in the spirit of one team to serve Iraq

Friday 10 December 2021 The head of the victory coalition, Haider Al-Abadi, confirmed, on Friday, that winning the challenge today lies in overcoming the political division and working in a team spirit to serve Iraq.

Al-Abadi pointed out that "winning the challenge lies in overcoming the political division and working in the spirit of one team to preserve the state, its unity, sovereignty and the well-being of its citizens, through national unity, effective governance, and efficient and impartial administration of the state to serve the Iraqis."

Al-Abadi said in a statement commemorating the victory over the terrorist gangs of ISIS, "I congratulate the Iraqis on the memory of the victory they made with their blood, I salute their will and the sacrifices of their heroic fighters, and I assure that this people is able to overcome adversity, no matter how prolonged it is," noting that "the memory of victory passes today, and the country is living a political division."

And the unfortunate return of terrorist operations, and a terrible inflation that paralyzes the living capabilities of citizens, and these are new challenges that require all of us to rise to the duty to respond to them, in order to win the state’s bet once again.”   https://ninanews.com/Website/News/Details?key=944010

butterfly   A Decline In Oil Prices In Global Markets After Consecutive Gains

Economic   Last Update 12/10/2021 | 9:44 AM

Oil fell on Friday, with traders selling crude to book profits after a strong rally this week thanks to growing confidence that the rapid spread of the Omicron strain of the Corona virus will not damage global growth and fuel demand.

The two benchmarks, Brent and West Texas Intermediate, are heading for a rise of more than six percent this week, even with profit taking, in their first weekly increase in seven weeks, according to Reuters.

And US crude futures fell seven cents, or 0.1 percent, to $ 70.87 a barrel by 0150 GMT, after falling 2 percent in a volatile session the previous day.

Brent futures were down 4 cents at $74.38 a barrel, after falling 1.9 percent on Thursday.

Earlier in the week, the oil market reclaimed about half of the losses incurred since the Nov. 25 Omicron outbreak. But the sell-off came Thursday night on the heels of credit rating agency Fitch downgrading two Chinese property developers, Evergrande (HK:3333) and CAISA, saying they had defaulted on overseas bonds.

This has fueled fears of a possible slowdown in China's real estate sector as well as in the broader economy of the world's largest oil importer.

In addition, there was some selling after a Japanese study that made headlines showing that the transmissibility of the Omicron strain is more than four times greater than the Delta strain, said Jeffrey Halley, an analyst at Oanda.

The dollar's rise, ahead of US inflation data to be released later on Friday, also pressured oil prices. Oil usually declines when the dollar rises, which makes crude more expensive for holders of other currencies https://almaalomah.me/2021/12/10/569946/

butterfly   A British Company Begins An International Arbitration Case Against Kurdistan

Economic  Last Update 12/10/2021 | 5:15 PM

The British company Genel Energy confirmed today, Friday, that it will start an arbitration case in the “significant demands” against the Kurdistan region related to the termination of the two production-sharing contracts in August by the regional government to develop the Bina Bawi and Miran natural gas fields.

A spokesman for Genel, whose production focuses on the Kurdistan region, declined to comment on the scale of the demands. Genel has spent about $1.4 billion on projects, including acquisition, maintenance, drilling and other costs.

“The Board of Directors concluded that there is no viable alternative for it other than to accept the termination of the two production-sharing contracts as a result of the KRG’s arbitrary breach, and to seek damages from the KRG,” Gennell said.

"Genelle's demands are significant and will be brought up in an international arbitration session based in London to begin in accordance with the dispute process stipulated in the two production sharing contracts," she added.

The company explained that any remaining value of the projects will be written off, "and then deleted from the balance sheet."

The Kurdistan region of Iraq lost another case in London in 2017 against the UAE company Dana Gas and its partners in a final settlement of $2.24 billion.

London-listed Kern Oil and Gas Company won an international tax arbitration case against the Indian government and the court awarded Kern $1.2 billion in damages, plus interest and costs. https://almaalomah.me/2021/12/10/570017/

butterfly   A merican Journalist: All Documents On Barzani's Corruption Are Documented In Federal Government Records

Politician   Last Update 12/10/2021 | 3:10 PM

An investigative journalist for the Prospect organization, Zach Koplin, confirmed, on Friday, that the documents it published about the Barzani family are from the US government records, indicating that the state of Florida was the one who revealed Barzani's property.

"The documents you published about the Barzani family are from the US government records, and the Barzani family has prominent lawyers who were able to hide the property," Koplin said in a televised statement, which was followed by "The Information."

He added, "I searched for the Barzani family's property in America for years, and all the documents are on the Internet and everyone can view them."

He pointed out that "Florida was the one who revealed Barzani's property, and that the Florida courts put the names of Masrour Barzani and his family in court." https://almaalomah.me/2021/12/10/569957/

butterfly   A second US withdrawal from Iraq is no less bad than the first

12-10-2021   A second US withdrawal from Iraq is no less bad than the firstBAGHDAD – Iraqi political circles described the decision of the international coalition led by the United States to end the “combat missions” in Iraq as a second withdrawal no less bad than the first withdrawal decided by former President Barack Obama in 2011, which opened the door for ISIS to infiltrate into Iraq and later attack on Iraqi forces and control of large areas of land, then the extension of the Iraqi militias loyal to Iran under the name of the Popular Mobilization to control large areas of northern and western Iraq and open the land corridor from Iran towards the Mediterranean.

In the war launched by the Iraqi forces and the Popular Mobilization Forces against ISIS in northern Iraq, the American combat aircraft turned to the role of the air force of the crowd, which led to the defeat of ISIS and caused great destruction in a number of major cities in Iraq, especially the city of Mosul.

Mustafa Salem: The militias may call in Iranian forces to compensate for the American withdrawal

. These circles said that President Joe Biden, with this hasty decision, will pave the way for the Shiite militias to take control of the country and leave the rope to Iran to run the affairs of Iraq from behind the curtain by empowering its allies. And it considered that the presence of US forces in some bases in the Kurdistan region or in nearby bases in northern Syria would not hinder the militias from implementing their plan aimed at controlling all of Iraq and subjecting it to its hegemony.

butterfly   Obama had announced in December 2011 the withdrawal from Iraq, and that Washington would continue to train and equip Iraqi forces, considering that the withdrawal would give the United States the opportunity to focus on “the battle against al-Qaeda and achieving victories against its leaders.” But this strategy failed two years after this withdrawal.

Commenting on that withdrawal, the late Republican Senator John McCain said that “the American sacrifices were wasted by an administration that wanted to leave, and did not want to remain and consolidate the gains made in American blood and money.”

Iran and its affiliated groups view this withdrawal as a victory for their plan, which aimed to compel the Americans to withdraw through political pressure on the government of Mustafa Al-Kazemi and the Iraqi parliament to adopt an official position calling for the withdrawal of American forces, as well as limited missile attacks on the positions of American forces.

Although the Iraqi Prime Minister is not enthusiastic about the Americans’ withdrawal, he sought to appear in the image of those who stand within the trend led by Iran’s allies, at a time when Iraqi political observers say that Al-Kazemi cannot stand alone against the Iranian trend and that he sought to meet with the American ambassador Matthew Tueller before the announcement. about the American decision.

And last Saturday, Al-Kazemi held a meeting with the American ambassador, during which the file of the withdrawal of American combat forces from Iraq was discussed, and their tasks shifted to advisory and support.

According to a statement issued by Al-Kazemi’s office, the latter discussed with Tueller “the progress made in ending the combat role of the coalition forces in Iraq, according to the outcomes of the strategic dialogue, and the transition to the role of advice, assistance and empowerment,” and he did not reveal any understandings regarding these files.

butterfly   And the Director of Public Affairs in the International Coalition, Joel Harper, previously confirmed that “the role of the International Coalition in Iraq will not change, and it will move from combat operations to the role of advisory, empowerment and assistance.”

In a tweet, Iraqi National Security Adviser Qassem al-Araji announced at the conclusion of a meeting with the coalition leadership, “Today (Thursday) we ended the last round of dialogue with the international coalition, which we started last year, to officially announce the end of the combat missions of the coalition forces,” adding that the relationship “will continue in the field of training.” Counseling and Empowerment.

About 2,500 US soldiers and 1,000 coalition troops will remain in Iraq. These forces are not fighting and have been serving as an advisory and training role since the summer of 2020.

The international coalition led by Washington – which includes more than 80 countries, including France, Britain and several Arab countries – was formed in 2014 to support attacks in Iraq and Syria against the Islamic State.

At a time when US reports say that Washington will not abandon the scene in the country in favor of Iranian influence, observers consider that the US move will be a victory for Iran, which it will use within the negotiation cards with the United States on the nuclear file and the issues of Iran’s growing influence in the region.

butterfly   Iraqi political writer Mustafa Salem said in a statement to “Al-Arab” that “all parties know that the withdrawal is not complete, and it will not be so,” warning that “the crowd militias believe that the departure of the American forces allows them – and for conceivable reasons – to summon the Iranian forces to replace them.” “.

Nicholas Heras: The Biden administration wants to avoid crises, especially with Iran,

and Salem considered that the Iraqi street is so drained that this issue will not be a priority, and that what is left of it in the circle of attention does not want the departure of American forces while watching the failure of government forces that do not need to Advice the Americans as much as they need to be Iraqi and national forces.

Nicholas Heras, a researcher at the New Lines Institute, believes that the United States will maintain “the same military role in Iraq,” but what changes is the “message.”

He explains that “the political and security environment in Iraq is so tense that the Biden administration wants the United States to stay out of the limelight and avoid crises, especially with Iran.”

In recent months, dozens of missile attacks or bomb attacks launched by unmanned aircraft have targeted US forces and US interests in Iraq. These attacks are not claimed, but the United States attributes them to pro-Iranian factions.

With the December 31 deadline for withdrawal approaching, some networks close to the pro-Iranian factions raised the ceiling of their threats on social media to demand a full US withdrawal, although it was not raised before.

Heras believes that changing the discourse on the “US military presence in Iraq” also reflects a new reality that “the Iraqi security forces have greater capabilities than before to attack the Islamic State.”  rawabetcenter.com

butterfly   McKenzie: Washington will keep 2,500 US troops in Iraq

10-12-2021 08:41 AM   McKenzie - Washington will keep 2500 US troops in IraqThe commander of the US Central Command, General Frank McKenzie, confirmed that Washington will keep the current 2,500 troops in Iraq, warning of an increase in terrorist attacks.

McKenzie said in an interview with the Associated Press that “despite the shift in the role of US forces in Iraq to a non-combat role, they will continue to provide air support and other military assistance in Iraq’s fight against ISIS,” considering that “the escalation of violence by militias Iran-backed attacks on US and Iraqi forces may continue this month.”

And he considered that “these militias want all American forces to leave Iraq… but we would not leave, which may provoke a response as we approach the end of the month,” noting that “we withdrew from the bases that we did not need, and made access to us difficult. But the Iraqis are still They want us to be there and participate.

McKenzie believed that “ISIS fighters will continue to pose a threat in Iraq and that the organization will continue to reconfigure itself, perhaps under a different name,” noting that “the key to the solution will be to ensure that the organization is unable to integrate with other elements around the world and becomes more powerful and dangerous.” “.

In total, McKenzie declared that “the presence of US forces throughout the Middle East has decreased significantly since last year,” explaining that “this presence has peaked amid tensions with Iran at 80,000 personnel.”

He stressed that “it is important to work with our partners in the region,” expressing concern over “Iran’s development of ballistic and cruise missiles, as well as armed drones.”   dijlah.tv

butterfly   Al-Abadi on the anniversary of victory: Iraq is experiencing a terrible inflation that paralyzes the living capabilities of citizens

2021-12-10 07:23   Al-Abadi on the anniversary of victory - Iraq is experiencing a terrible inflation that paralyzes the living capabilities of citizensShafaq News/ The head of the “Victory” coalition, Haider al-Abadi, expressed on Friday the inflation taking place in Iraq, which has made its residents lose their livelihoods.

Al-Abadi, who was a former prime minister in Iraq, issued an official announcement of the military defeat of ISIS after it invaded areas and cities estimated at a third of the country’s area in mid-2014.

Iraq began military operations against the extremist organization for a period of three years, with the federal government declaring victory over ISIS in 2017.

On the tenth of December every year, Iraqis commemorate the anniversary of victory. On this occasion, al-Abadi issued a statement, in which he said, “The anniversary of victory is passing today, and the country is experiencing political division, the unfortunate return of terrorist operations, and a terrible inflation that paralyzes the living capabilities of citizens. These are new challenges. It requires all of us to rise to the duty to respond to it, in order to win the state’s bet once again.”

He added, “To win the challenge today lies in transcending the political division and working in a team spirit to preserve the state, its unity, sovereignty and the well-being of its citizens, through national unity, effective governance, and efficient and impartial administration of the state to serve the Iraqis.”   shafaq.com

UNEEK   butterfly thanks for posting the news - I do like to read it over - even though I confess that I do not understand most of it - and I once read ..... Those who do NOT read have no advantage over those who cannot read -

butterfly   Saleh bid farewell to the Presidency of the Republic.. The Patriotic Kurdistan Region nominates a new name for the position

2021-12-10  Saleh bid farewell to the Presidency of the Republic.. The Patriotic Kurdistan Region nominates a new name for the positionA political source revealed that, in light of the Democratic Party’s refusal to accept the nomination of Barham Salih for the presidency, the name of a new candidate for the position was proposed.

The source said, “The National Union will present the name of the leader of the party, Mullah Bakhtiar, as he is acceptable to the Kurdistan Democratic Party.”

He added that “the National Union will meet during the next week to resolve its issue regarding the current political movement regarding the formation and form of the next government.”

Earlier, the Democratic Party refused to accept the nomination of Barham Salih for the presidency of the Republic.   burathanews.com

butterfly   A Legal Expert Explains How To Deal With The 2022 Budget In The Absence Of Parliament

12/10/2021 | 9:31 AM  A Legal Expert Explains How To Deal With The 2022 Budget In The Absence Of ParliamentInformation / Baghdad…

Legal expert Ali Al-Tamimi explained the government’s mechanism for dealing with the federal budget for the next year in the absence of the House of Representatives to legislate and ratify the budget prepared by the government.

Al-Tamimi told Al-Maalouma, “In the event that the general budget law is not legislated, the government will resort to the Financial Management Law of 2004, which allows it to spend 12 percent of the amount of the previous budget and of the available revenues and dividing the amount of the previous budget by 12 percent, which is called the emergency budget. The same happened in 2014, and it is a temporary state until legislation.”

He added, “Article 13 of the Financial Management Law requires that in the event that the general budget law is not approved until December 31, the Minister of Finance issues instructions for disbursement at a rate of 1/12 of the total expenditures.” finished 25   almaalomah.me

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Zig’s Place Chatroom News Friday AM 12-10-21

Zig’s Place Chatroom News Friday AM 12-10-21

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

butterfly   Dollar exchange rates are stable in local markets

Friday 10 December 2021 The exchange rates of the dollar recorded, today, Friday, stability in the local markets. And the selling prices of the dollar were recorded at 148.250 dinars per $100.

While the purchase price of the dollar recorded 147.750 dinars per 100 dollars. https://ninanews.com/Website/News/Details?key=943965

butterfly   Al-Abadi on the anniversary of victory: Winning the challenge today lies in overcoming the political division and working in the spirit of one team to serve Iraq

Friday 10 December 2021 The head of the victory coalition, Haider Al-Abadi, confirmed, on Friday, that winning the challenge today lies in overcoming the political division and working in a team spirit to serve Iraq.

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Al-Abadi pointed out that "winning the challenge lies in overcoming the political division and working in the spirit of one team to preserve the state, its unity, sovereignty and the well-being of its citizens, through national unity, effective governance, and efficient and impartial administration of the state to serve the Iraqis."

Al-Abadi said in a statement commemorating the victory over the terrorist gangs of ISIS, "I congratulate the Iraqis on the memory of the victory they made with their blood, I salute their will and the sacrifices of their heroic fighters, and I assure that this people is able to overcome adversity, no matter how prolonged it is," noting that "the memory of victory passes today, and the country is living a political division."

And the unfortunate return of terrorist operations, and a terrible inflation that paralyzes the living capabilities of citizens, and these are new challenges that require all of us to rise to the duty to respond to them, in order to win the state’s bet once again.”   https://ninanews.com/Website/News/Details?key=944010

butterfly   A Decline In Oil Prices In Global Markets After Consecutive Gains

Economic   Last Update 12/10/2021 | 9:44 AM

Oil fell on Friday, with traders selling crude to book profits after a strong rally this week thanks to growing confidence that the rapid spread of the Omicron strain of the Corona virus will not damage global growth and fuel demand.

The two benchmarks, Brent and West Texas Intermediate, are heading for a rise of more than six percent this week, even with profit taking, in their first weekly increase in seven weeks, according to Reuters.

And US crude futures fell seven cents, or 0.1 percent, to $ 70.87 a barrel by 0150 GMT, after falling 2 percent in a volatile session the previous day.

Brent futures were down 4 cents at $74.38 a barrel, after falling 1.9 percent on Thursday.

Earlier in the week, the oil market reclaimed about half of the losses incurred since the Nov. 25 Omicron outbreak. But the sell-off came Thursday night on the heels of credit rating agency Fitch downgrading two Chinese property developers, Evergrande (HK:3333) and CAISA, saying they had defaulted on overseas bonds.

This has fueled fears of a possible slowdown in China's real estate sector as well as in the broader economy of the world's largest oil importer.

In addition, there was some selling after a Japanese study that made headlines showing that the transmissibility of the Omicron strain is more than four times greater than the Delta strain, said Jeffrey Halley, an analyst at Oanda.

The dollar's rise, ahead of US inflation data to be released later on Friday, also pressured oil prices. Oil usually declines when the dollar rises, which makes crude more expensive for holders of other currencies https://almaalomah.me/2021/12/10/569946/

butterfly   A British Company Begins An International Arbitration Case Against Kurdistan

Economic  Last Update 12/10/2021 | 5:15 PM

The British company Genel Energy confirmed today, Friday, that it will start an arbitration case in the “significant demands” against the Kurdistan region related to the termination of the two production-sharing contracts in August by the regional government to develop the Bina Bawi and Miran natural gas fields.

A spokesman for Genel, whose production focuses on the Kurdistan region, declined to comment on the scale of the demands. Genel has spent about $1.4 billion on projects, including acquisition, maintenance, drilling and other costs.

“The Board of Directors concluded that there is no viable alternative for it other than to accept the termination of the two production-sharing contracts as a result of the KRG’s arbitrary breach, and to seek damages from the KRG,” Gennell said.

"Genelle's demands are significant and will be brought up in an international arbitration session based in London to begin in accordance with the dispute process stipulated in the two production sharing contracts," she added.

The company explained that any remaining value of the projects will be written off, "and then deleted from the balance sheet."

The Kurdistan region of Iraq lost another case in London in 2017 against the UAE company Dana Gas and its partners in a final settlement of $2.24 billion.

London-listed Kern Oil and Gas Company won an international tax arbitration case against the Indian government and the court awarded Kern $1.2 billion in damages, plus interest and costs. https://almaalomah.me/2021/12/10/570017/

butterfly   A merican Journalist: All Documents On Barzani's Corruption Are Documented In Federal Government Records

Politician   Last Update 12/10/2021 | 3:10 PM

An investigative journalist for the Prospect organization, Zach Koplin, confirmed, on Friday, that the documents it published about the Barzani family are from the US government records, indicating that the state of Florida was the one who revealed Barzani's property.

"The documents you published about the Barzani family are from the US government records, and the Barzani family has prominent lawyers who were able to hide the property," Koplin said in a televised statement, which was followed by "The Information."

He added, "I searched for the Barzani family's property in America for years, and all the documents are on the Internet and everyone can view them."

He pointed out that "Florida was the one who revealed Barzani's property, and that the Florida courts put the names of Masrour Barzani and his family in court." https://almaalomah.me/2021/12/10/569957/

butterfly   A second US withdrawal from Iraq is no less bad than the first

12-10-2021   A second US withdrawal from Iraq is no less bad than the firstBAGHDAD – Iraqi political circles described the decision of the international coalition led by the United States to end the “combat missions” in Iraq as a second withdrawal no less bad than the first withdrawal decided by former President Barack Obama in 2011, which opened the door for ISIS to infiltrate into Iraq and later attack on Iraqi forces and control of large areas of land, then the extension of the Iraqi militias loyal to Iran under the name of the Popular Mobilization to control large areas of northern and western Iraq and open the land corridor from Iran towards the Mediterranean.

In the war launched by the Iraqi forces and the Popular Mobilization Forces against ISIS in northern Iraq, the American combat aircraft turned to the role of the air force of the crowd, which led to the defeat of ISIS and caused great destruction in a number of major cities in Iraq, especially the city of Mosul.

Mustafa Salem: The militias may call in Iranian forces to compensate for the American withdrawal

. These circles said that President Joe Biden, with this hasty decision, will pave the way for the Shiite militias to take control of the country and leave the rope to Iran to run the affairs of Iraq from behind the curtain by empowering its allies. And it considered that the presence of US forces in some bases in the Kurdistan region or in nearby bases in northern Syria would not hinder the militias from implementing their plan aimed at controlling all of Iraq and subjecting it to its hegemony.

butterfly   Obama had announced in December 2011 the withdrawal from Iraq, and that Washington would continue to train and equip Iraqi forces, considering that the withdrawal would give the United States the opportunity to focus on “the battle against al-Qaeda and achieving victories against its leaders.” But this strategy failed two years after this withdrawal.

Commenting on that withdrawal, the late Republican Senator John McCain said that “the American sacrifices were wasted by an administration that wanted to leave, and did not want to remain and consolidate the gains made in American blood and money.”

Iran and its affiliated groups view this withdrawal as a victory for their plan, which aimed to compel the Americans to withdraw through political pressure on the government of Mustafa Al-Kazemi and the Iraqi parliament to adopt an official position calling for the withdrawal of American forces, as well as limited missile attacks on the positions of American forces.

Although the Iraqi Prime Minister is not enthusiastic about the Americans’ withdrawal, he sought to appear in the image of those who stand within the trend led by Iran’s allies, at a time when Iraqi political observers say that Al-Kazemi cannot stand alone against the Iranian trend and that he sought to meet with the American ambassador Matthew Tueller before the announcement. about the American decision.

And last Saturday, Al-Kazemi held a meeting with the American ambassador, during which the file of the withdrawal of American combat forces from Iraq was discussed, and their tasks shifted to advisory and support.

According to a statement issued by Al-Kazemi’s office, the latter discussed with Tueller “the progress made in ending the combat role of the coalition forces in Iraq, according to the outcomes of the strategic dialogue, and the transition to the role of advice, assistance and empowerment,” and he did not reveal any understandings regarding these files.

butterfly   And the Director of Public Affairs in the International Coalition, Joel Harper, previously confirmed that “the role of the International Coalition in Iraq will not change, and it will move from combat operations to the role of advisory, empowerment and assistance.”

In a tweet, Iraqi National Security Adviser Qassem al-Araji announced at the conclusion of a meeting with the coalition leadership, “Today (Thursday) we ended the last round of dialogue with the international coalition, which we started last year, to officially announce the end of the combat missions of the coalition forces,” adding that the relationship “will continue in the field of training.” Counseling and Empowerment.

About 2,500 US soldiers and 1,000 coalition troops will remain in Iraq. These forces are not fighting and have been serving as an advisory and training role since the summer of 2020.

The international coalition led by Washington – which includes more than 80 countries, including France, Britain and several Arab countries – was formed in 2014 to support attacks in Iraq and Syria against the Islamic State.

At a time when US reports say that Washington will not abandon the scene in the country in favor of Iranian influence, observers consider that the US move will be a victory for Iran, which it will use within the negotiation cards with the United States on the nuclear file and the issues of Iran’s growing influence in the region.

butterfly   Iraqi political writer Mustafa Salem said in a statement to “Al-Arab” that “all parties know that the withdrawal is not complete, and it will not be so,” warning that “the crowd militias believe that the departure of the American forces allows them – and for conceivable reasons – to summon the Iranian forces to replace them.” “.

Nicholas Heras: The Biden administration wants to avoid crises, especially with Iran,

and Salem considered that the Iraqi street is so drained that this issue will not be a priority, and that what is left of it in the circle of attention does not want the departure of American forces while watching the failure of government forces that do not need to Advice the Americans as much as they need to be Iraqi and national forces.

Nicholas Heras, a researcher at the New Lines Institute, believes that the United States will maintain “the same military role in Iraq,” but what changes is the “message.”

He explains that “the political and security environment in Iraq is so tense that the Biden administration wants the United States to stay out of the limelight and avoid crises, especially with Iran.”

In recent months, dozens of missile attacks or bomb attacks launched by unmanned aircraft have targeted US forces and US interests in Iraq. These attacks are not claimed, but the United States attributes them to pro-Iranian factions.

With the December 31 deadline for withdrawal approaching, some networks close to the pro-Iranian factions raised the ceiling of their threats on social media to demand a full US withdrawal, although it was not raised before.

Heras believes that changing the discourse on the “US military presence in Iraq” also reflects a new reality that “the Iraqi security forces have greater capabilities than before to attack the Islamic State.”  rawabetcenter.com

butterfly   McKenzie: Washington will keep 2,500 US troops in Iraq

10-12-2021 08:41 AM   McKenzie - Washington will keep 2500 US troops in IraqThe commander of the US Central Command, General Frank McKenzie, confirmed that Washington will keep the current 2,500 troops in Iraq, warning of an increase in terrorist attacks.

McKenzie said in an interview with the Associated Press that “despite the shift in the role of US forces in Iraq to a non-combat role, they will continue to provide air support and other military assistance in Iraq’s fight against ISIS,” considering that “the escalation of violence by militias Iran-backed attacks on US and Iraqi forces may continue this month.”

And he considered that “these militias want all American forces to leave Iraq… but we would not leave, which may provoke a response as we approach the end of the month,” noting that “we withdrew from the bases that we did not need, and made access to us difficult. But the Iraqis are still They want us to be there and participate.

McKenzie believed that “ISIS fighters will continue to pose a threat in Iraq and that the organization will continue to reconfigure itself, perhaps under a different name,” noting that “the key to the solution will be to ensure that the organization is unable to integrate with other elements around the world and becomes more powerful and dangerous.” “.

In total, McKenzie declared that “the presence of US forces throughout the Middle East has decreased significantly since last year,” explaining that “this presence has peaked amid tensions with Iran at 80,000 personnel.”

He stressed that “it is important to work with our partners in the region,” expressing concern over “Iran’s development of ballistic and cruise missiles, as well as armed drones.”   dijlah.tv

butterfly   Al-Abadi on the anniversary of victory: Iraq is experiencing a terrible inflation that paralyzes the living capabilities of citizens

2021-12-10 07:23   Al-Abadi on the anniversary of victory - Iraq is experiencing a terrible inflation that paralyzes the living capabilities of citizensShafaq News/ The head of the “Victory” coalition, Haider al-Abadi, expressed on Friday the inflation taking place in Iraq, which has made its residents lose their livelihoods.

Al-Abadi, who was a former prime minister in Iraq, issued an official announcement of the military defeat of ISIS after it invaded areas and cities estimated at a third of the country’s area in mid-2014.

Iraq began military operations against the extremist organization for a period of three years, with the federal government declaring victory over ISIS in 2017.

On the tenth of December every year, Iraqis commemorate the anniversary of victory. On this occasion, al-Abadi issued a statement, in which he said, “The anniversary of victory is passing today, and the country is experiencing political division, the unfortunate return of terrorist operations, and a terrible inflation that paralyzes the living capabilities of citizens. These are new challenges. It requires all of us to rise to the duty to respond to it, in order to win the state’s bet once again.”

He added, “To win the challenge today lies in transcending the political division and working in a team spirit to preserve the state, its unity, sovereignty and the well-being of its citizens, through national unity, effective governance, and efficient and impartial administration of the state to serve the Iraqis.”   shafaq.com

UNEEK   butterfly thanks for posting the news - I do like to read it over - even though I confess that I do not understand most of it - and I once read ..... Those who do NOT read have no advantage over those who cannot read -

butterfly   Saleh bid farewell to the Presidency of the Republic.. The Patriotic Kurdistan Region nominates a new name for the position

2021-12-10  Saleh bid farewell to the Presidency of the Republic.. The Patriotic Kurdistan Region nominates a new name for the positionA political source revealed that, in light of the Democratic Party’s refusal to accept the nomination of Barham Salih for the presidency, the name of a new candidate for the position was proposed.

The source said, “The National Union will present the name of the leader of the party, Mullah Bakhtiar, as he is acceptable to the Kurdistan Democratic Party.”

He added that “the National Union will meet during the next week to resolve its issue regarding the current political movement regarding the formation and form of the next government.”

Earlier, the Democratic Party refused to accept the nomination of Barham Salih for the presidency of the Republic.   burathanews.com

butterfly   A Legal Expert Explains How To Deal With The 2022 Budget In The Absence Of Parliament

12/10/2021 | 9:31 AM  A Legal Expert Explains How To Deal With The 2022 Budget In The Absence Of ParliamentInformation / Baghdad…

Legal expert Ali Al-Tamimi explained the government’s mechanism for dealing with the federal budget for the next year in the absence of the House of Representatives to legislate and ratify the budget prepared by the government.

Al-Tamimi told Al-Maalouma, “In the event that the general budget law is not legislated, the government will resort to the Financial Management Law of 2004, which allows it to spend 12 percent of the amount of the previous budget and of the available revenues and dividing the amount of the previous budget by 12 percent, which is called the emergency budget. The same happened in 2014, and it is a temporary state until legislation.”

He added, “Article 13 of the Financial Management Law requires that in the event that the general budget law is not approved until December 31, the Minister of Finance issues instructions for disbursement at a rate of 1/12 of the total expenditures.” finished 25   almaalomah.me

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