Zig’s Place Chatroom News Sunday PM 12-26-21
.Zig’s Place Chatroom News Sunday PM 12-26-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly MERRY CHRISTMAS ISIS.........The Iraqi Air Force destroys caves and hideouts for ISIS in the Hamrin Mountains Sunday 26 December 2021 The planes of the Iraqi Air Force destroyed caves and dens of the terrorist organization in the Hamrin Mountains area in Diyala.
The Security Media Cell stated in a statement: "To support the ground units within the sector of the Diyala Operations Command, which began today, Sunday, a wide security operation, the Air Force carried out 14 precise air strikes using L_159 and F_16 aircraft, which resulted in the destruction of a group of caves and dens of terrorists in the Hamrin Mountains."
Zig’s Place Chatroom News Sunday PM 12-26-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly MERRY CHRISTMAS ISIS.........The Iraqi Air Force destroys caves and hideouts for ISIS in the Hamrin Mountains Sunday 26 December 2021 The planes of the Iraqi Air Force destroyed caves and dens of the terrorist organization in the Hamrin Mountains area in Diyala.
The Security Media Cell stated in a statement: "To support the ground units within the sector of the Diyala Operations Command, which began today, Sunday, a wide security operation, the Air Force carried out 14 precise air strikes using L_159 and F_16 aircraft, which resulted in the destruction of a group of caves and dens of terrorists in the Hamrin Mountains." https://ninanews.com/Website/News/Details?key=946945
butterfly Salim Hamza to / Nina /: Refusal to ratify the election results or any other decision that will drag the country into chaos
Sunday 26 December 2021 Former parliament member Salim Hamza confirmed: "Rejecting the decision to ratify the election results or any other decision will drag the country into chaos, destruction and internal fighting."
He said in a statement to the National Iraqi News Agency / NINA /: "The winning political blocs with the approval of the Federal Court of the election results very quickly, and the court does not have more time to preserve its independence by approving the results after the end of consideration of the appeals and complaints submitted to it."
Hamza added: "Now we are faced with two options, either accept the results after approval or reject them, and if the non-winning blocs choose rejection, they have nothing in front of them but destruction, chaos and internal fighting."
He expressed his belief that the Shiite house blocs do not want chaos, because they are the biggest losers of any negative steps after the ratification of the election results or any other steps taken by the court if the court decides other matters.
Tomorrow, the Federal Supreme Court is scheduled to announce its decision on the lawsuit submitted to it regarding the annulment of the election results. https://ninanews.com/Website/News/Details?key=946932
butterfly The Minister’s Statements Are Exciting And Desperate
12/26/2021 | 3:34 PM Finance Minister Ali Abdul-Amir Allawi, who insisted on the reform paper embodied in the white paper to advance the economic, banking and financial reality and what this study contained of the increase in the dollar exchange in exchange for the decline in the price of the Iraqi dinar and its impact on the life of the citizen, today we are told by miserable and exciting statements about the possibility of laying off all Iraqi state employees 10 years later.
With his statement, he confirms the failure of his plan, which is supposed to last five years and reflect positively on the future of the Iraqi economy, the stability of the currency, and the success of financial plans for Iraq to recover, get rid of crises, and revive its economy according to what was planned. Despite its bad decisions to raise the exchange rate of the dollar, which raised all prices, and increased the rates of poverty and unemployment.
Mr. Abdul-Amir Allawi, Minister of Finance, who promised us good, prosperity, crisis resolution, and the recovery of the Iraqi economy in his white paper officially announces the failure of his white paper project, which means the failure of his economic project despite the availability of financial liquidity due to the increase in oil prices and the payment of Kuwait’s debts, and he was the first to propose an alternative project for oil revenues To find an alternative economy to supplement the budget in the future as long as it believes that countries will abandon the source of energy and turn to other sources.
butterfly Did the Iraqi Minister of Finance present a paper on his future vision for the fate of energy and the economy in Iraq, or was his talk just expectations away from the research methods presented in closed elite scientific conferences?
The minister should not speak like this because his life in the government has ended and all members of his government are under the principle of conducting business only, and he will not be present after ten years until he expects to lay off the employees.
One of the primary responsibilities of the caretaker government is to send messages of reassurance away from the citizen’s fears and spread hope.. through its discourse, and for future governments to work on finding well-thought-out projects and programs that will benefit Iraq’s budget on the one hand and absorb the labor force on the other hand, and not spread terror and confusion within opinion. General as did the caretaker government finance minister. almaalomah.me
26 Dec 21, 11:27 AM butterfly Politician: The Court’s Decision Will Be “By Mutual Consent” And The Commission’s Lifetime Is Written To The End
12/26/2021 | 5:33 PM Between the political analyst, Sadiq Al-Ugaili, on Sunday, that the Electoral Commission will not remain after the formation of the new parliament, attributing this to the size of the violations and violations it committed.
Al-Ugaili said, in a statement to the “Information” agency, that “the Al-Fateh Alliance waived the total count and satisfied itself with counting 4 electoral districts, which is a political breakthrough that will enable the Federal Court to take a balanced decision that satisfies both parties.”
He pointed out that “the court’s decision, no matter what, was convincing for the blocs, the presence of the commission is a matter of time, and the vote on its dismissal will be done during the new parliament, in addition to the fact that the current election law will be completely modified.”
He pointed out that “the commission’s palaces may overthrow its president and prominent figures during the investigations and interrogation, who will be with it in the new session, because all the blocs are no longer satisfied with their work.”
The decision of the Federal Court was supposed to be issued today regarding the elections, but the disruption of working hours today led to its postponement until tomorrow, in the hope of pronouncing the final decision. Done / 25 SR almaalomah.me
butterfly Baghdad..Al-Kifah and Al-Harithiya close to a drop in dollar prices
2021-12-26 07:40 Shafaq News/ The exchange rates of the dollar decreased against the Iraqi dinar, today, Sunday, with the closure of the main stock exchange in Baghdad.
Shafak News Agency correspondent said that the Al-Kifah and Al-Harithiya Central Stock Exchange closed in Baghdad at 147,850 Iraqi dinars, compared to 100 US dollars.
With prices recorded this morning 147950 dinars compared to 100 dollars.
Our correspondent indicated that buying and selling prices have stabilized in banking shops in the local markets in Baghdad, where the selling price amounted to 148,500 Iraqi dinars, while the purchase prices amounted to 147,500 dinars per 100 US dollars. shafaq.com
butterfly The coordinating framework expects the Federal Court to issue a decision to cancel stations and re-sort other
2021-12-26 07:35 Shafaq News/ The coordination framework, which includes Shiite political forces with the exception of the Sadrist bloc, expects the Federal Supreme Court to issue a decision to cancel electoral stations and other recounts, tomorrow, Monday, based on the lawsuit filed against the results of the early parliamentary elections, by the leader of the Al-Fateh Alliance Hadi Al-Amiri .
The leader in the framework, Ahmed Abdel Hussein, told Shafaq News Agency, “The approval of the election results by the Federal Court will not take place without resolving the evidence presented by the Al-Fateh Alliance regarding the cancellation of the election results, and we are waiting for a decision to be issued tomorrow, Monday, especially since this decision It will be binding on everyone and is not subject to appeal.
And Abdul Hussein indicated that “the available data, according to the evidence and documents presented with the lawsuit, which confirm the conduct of an improper and unfair electoral process, so a directive will be issued by the Federal Court to recount and sort a number of suspicious stations, and it may also be a decision to cancel other stations.” shafaq.com
butterfly A legal presents a new opinion on the coordination framework lawsuit before the Federal
2021-12-26 07:26 Shafaq News/ The legal expert, Jamal Al-Asadi, presented today, Sunday, a new opinion regarding the fate of the coordination framework lawsuit regarding the recent parliamentary elections before the Federal Court, referring to recommendations that the latter might issue.
Al-Asadi told Shafaq News Agency, “The case of the coordination framework regarding the elections before the Federal Court will logically be rejected, because the Federation does not have the authority to engage in technical matters related to the elections for which the Independent High Electoral Commission itself is responsible.”
And he stated, “The Federal Court is constitutionally only obligated to ratify the election results, and when it checks these results, it has the right to refuse to certify some of the names for not fulfilling their conditions, so it sends them back to the commission for the purpose of completing them, as happened in the 2014 and 2018 elections.”
And about canceling the results of some stations or recounting the others, Al-Asadi said, “It is not within the powers of the Federal Court to cancel the results of some stations or demand their recount, but it can ask or inquire from the Independent High Electoral Commission about some of the things that marred the electoral process.”
He continued, “If the federal government considers that there is a need for a recommendation, it directs the commission to review what it deems necessary to review and correct it before approving the election results.”
butterfly And earlier today, Sunday, the Coordinating Framework’s lawyer, Muhammad Al-Saadi, said that the Federal Supreme Court will consider the case submitted by the framework to annul the results of the last elections tomorrow, Monday.
Al-Saadi told Shafaq News Agency, “Tomorrow the court will issue its final decision, and that its decision is unknown, the court’s decision may be to cancel the results or respond to the submitted invitation.”
The expert in Iraqi law, Tariq Harb, expects the Federal Supreme Court to issue a decision dismissing the case to cancel the results of the early parliamentary elections, which was filed by the leader of the Al-Fateh Alliance Hadi Al-Amiri.
The Federal Supreme Court of Iraq set today, Sunday, January 26, as a date for issuing the decision, but the date was postponed to tomorrow, Monday, due to the presence of an official holiday.
It is expected that the Coordination Framework Forces will hold a meeting later on Sunday evening to discuss its options regarding the upcoming decision of the Federal Supreme Court regarding the lawsuit to cancel the results of the parliamentary elections that took place last October. shafaq.com
Dave equipped them very well good at creating crises
butterfly AND they are killing ISIS now. I am a believer that good always out does bad. Sometimes it takes longer than the norm.
Dave Norm??? any day now....lol Recollect Maliki's Ghost Army defective bomb detectors........Chalibi's dossier on M...before getting poisoned.....
Dave M's Arabization of the Disputed terroiitories which almost sent them to war with the Kurds?
Dave This dude knows how to play his cards Flattening Sunni regions..........man the list of atrocities.......
Dave Best one...Joubouri admits to accepting Millions in Bribes......Defense.......basically dont throw stones when living in a Glass house.....
butterfly Iraq "Needs a Full Manual Recount to Overcome Election Impasse" 26th December 2021 in Politics Iraq Needs a Full Manual Recount to Overcome Election Impasse
Three weeks since Iraq's electoral commission (IHEC) announced the final results of the October 10 elections, the Federal Supreme Court, which is constitutionally mandated to ratify the results, has so far held off on issuing its verdict.
Until it does, the formal government formation process cannot commence..
Click here to read the full article. https://1001iraqithoughts.com/2021/12/19/iraq-needs-a-full-manual-recount-to-overcome-election-impasse/
Butterfly Dec 26, 2021, 8:50 PM Iraqi Shia political groups get together in al-Maliki's house ........................ Local Iraqi sources reported that a meeting of the Coordinating Council of Shiite groups is taking place at the home of Nouri al-Maliki, head of the State of Law Coalition.
An informed source told Al-Forat News that "The groups in the Coordination Council held an important meeting at Al-Maliki's house this evening before the Federal Court holds the session to discuss the protests against the election results, which are scheduled to take place tomorrow, Monday."
The Coordinating Council will discuss the latest political developments and important issues at the meeting, including tomorrow's Federal Court hearing on protests against the election results.
Meanwhile, Iraqi sources announced tightened security measures in Iraq before the federal court announces its decision on the complaints against the recent votes. https://en.mehrnews.com/news/182206/Iraqi-Shia-political-groups-get-together-in-al-Maliki-s-house
butterfly Supreme Court cannot request a recount of the ballots, legal expert says 2021-12-26 11:25
Shafaq News/ The expert in Iraqi law, Jamal al-Asadi, on Sunday said that the Supreme Federal Court does not have the authority to request a recount of the ballots.
In a statement to Shafaq News Agency, al-Asadi said, "the lawsuit of the Coordination Framework before the Supreme Federal Court will definitely be dismissed because the Court does not have the powers to engage in the technicalities of the election. This is a prerogative of the Independent High Electoral Commission (IHEC)."
"Constitutionally, the Supreme Federal Court can either ratify or dismiss the election results. It can refuse the ratification of some names if they do not meet the qualifications. In this case, it can refer the issue again to IHEC, as it did in 2014 and 2018."
"Similarly, the Court cannot annul the results of some Electronic Voting Machines (EVMs). It can ask IHEC about the irregularities that tainted the polls."
"If the Court detected Irregularities, it can raise a recommendation about it."
In a statement to Shafaq News Agency, the appellant lawyer, Mohammad al-Saedi, said, "the court will convene tomorrow on Monday to issue the verdict."
butterfly "The C1000 system is the main argument in the case, given it was used without a contract and it serves as a data manager, encryptor, and decoder, beside its role in presenting the results," he explained.
"The Court will issue its verdict tomorrow. It is unknown until the moment. It can be annuling the results or dismissing the complaint," the counseler concluded.
The expert in Iraqi law, Tariq Harb, expected that the Supreme Federal Court will dismiss the complaint filed by al-Ameri to annul the October 10 election results.
Harb said in a statement to Shafaq News Agency, "the court recently dismissed a complaint filed by the candidate who won a seat in al-Muthanna Basem Khashan and other candidates to demand the reinstatement of dissolved parliament."
"For this reason, I think that the court will dismiss the complaint filed by al-Ameri to abolish the election results. Its ruling will be unappealable."
"Afterwards, the court will ratify the election results," he said.
The Supreme Federal Court will issue on Monday its verdict in the lawsuit al-Fatah alliance had filed to annul the October 10 election results.
A source told Shafaq News Agency that the court will convene on 26/12/2021 to announce its ruling after completing the hearing and trial procedures.
The leader of al-Fatah alliance, Hadi al-Ameri, reiterated his rejecting position in his testimony before the court today.
Pro-Tehran forces, led by al-Fatah alliance, that emerged as the biggest losers in the election reject the outcome of the vote, thrusting the country into uncertainty and political crisis.
Butterfly The unsubstantiated claims of voter fraud are casting a shadow over an election that was praised by the United States, the U.N. Security Council, and others for being the smoothest in years and without major technical glitches.
The standoff also increased tensions among rival Shiite factions that could reflect on the street and threaten Iraq's newfound relative stability. However, a recent exchange of visits offered a glimmer of hope for forming a new government. https://shafaq.com/en/Iraq-News/Supreme-Court-cannot-request-a-recount-of-the-ballots-legal-expert-says
butterfly Newspapers follow the expectations of the Federal Court's decision regarding the election results and the position of the coordination framework
Monday 27 December 2021 01:17 The newspapers issued in Baghdad today, Monday, the twenty-seventh of December, followed the expectations of the Federal Supreme Court's decision regarding the lawsuit to cancel the election results and the position of the coordinating framework.
Al-Zawra newspaper, which is issued by the Iraqi Journalists Syndicate, said: "Today, Monday, a scheduled session of the Federal Court will be held to issue a decision in the lawsuit filed by the Al-Fateh Alliance and representatives of the coordination framework blocs to cancel the results of the parliamentary elections that took place on the tenth of last October."
The newspaper added: "The Coordinating Framework's lawyer, Muhammad Al-Saadi, expected that the session would witness the issuance of a final decision on the suit to challenge the election results."
It quoted Al-Saadi as saying: "The Federal Court will hold its session today, Monday, and this date is not subject to postponement again. There will be no postponement in resolving the case or issuing a decision regarding it, because the court has set the date for the ruling, but the official holiday postponed the pronouncement of the verdict."
butterfly He added: "The decision to be issued by the Federal Court will be binding on everyone and is not subject to appeal, given that the decisions of the Federal Court are binding and irrevocable," noting that: "a lot of evidence and documents have been submitted that prove the lack of integrity in the electoral process, and for this we expect to issue a decision from the Federal Court." regarding the announced results.
According to Al-Zawraa, the Coordination Framework’s lawyer suggested: “The Federal Court will issue a decision to cancel the results of some stations and conduct manual counting and sorting operations for other stations to detect fraud and manipulation operations according to the evidence contained in the lawsuit of the Al-Fateh coalition blocs,” stressing: “The court’s decision will be professional.” Without any pressure, the court's decision will be both respectful and binding on us."
On the position of the coordinating framework, Al-Zaman newspaper said: "The coordinating framework, whose meeting was held yesterday at the home of the head of the State of Law coalition, Nuri al-Maliki, awaits the decision of the Federal Supreme Court during its session today, Monday."
Al-Zaman indicated that a member of the coordination framework for the State of Law coalition, Kazem Al-Haidari, said: "The coordination will be handed over to any decision taken by the Federal Court, and the option presented is to ratify the election results as they are."
He added, "There is a small possibility that a ten percent recount will be taken, and this option will change a lot of the results, because according to the simple appeals recount, five results have been changed, so we expect that there will be a change."
And the newspaper continued, "A leader in the coordination revealed an upcoming meeting between Al-Sadr and Al-Amiri in Al-Hanana, to discuss the upcoming benefits."
butterfly The leader, who the newspaper said refused to reveal his name, said: "The scheduled meeting will be held during the next few days, to be a meeting between the coordination framework and the Sadrist bloc."
He pointed out: "The coordination leaders divided the tasks of negotiating with the winning forces in the elections on three axes. The first is negotiating with the Kurdish forces to agree on a consensual formula that fulfills the demands, or meets the wishes of all parties, in a way that achieves the interest of the country in general."
He added, "The second axis is to negotiate and discuss with all Sunni forces to reach future understandings and ensure their support for the framework's directions, while the other axis will focus its tasks on negotiating with al-Sadr and his leaders in the bloc."
As for Al-Mashreq newspaper, it talked about the expected date for the new parliament to hold its first session.
She pointed to the words of legal expert Tariq Harb: "The Federal Court did not override the Constitution in the process of postponing the sessions."
Harb was quoted as saying: "The delay that occurred before her was for the purpose of examining and examining the appeals submitted by the coordination framework."
He added, "The appeals are not easy, and the court will announce its decision regarding the election results on the 27th of this month."
And the legal expert stated: "The first session of Parliament will be on January 2, 2022, and will be headed by the oldest winners, and it will be devoted to the winners taking the constitutional oath to be representatives in the House of Representatives in its new session."
26 Dec 21, 06:46 PM butterfly And Al-Mashreq continued, "Despite this optimism, the coordination framework expected that the Federal Supreme Court would issue a decision to cancel electoral stations and recount other elections today, Monday, based on the lawsuit filed against the election results by the leader of the Al-Fateh Alliance Hadi Al-Amiri."
The leader in the coordination framework, Ahmed Abdul-Hussein, said, according to the newspaper: "The approval of the election results by the Federal Court will not take place without resolving the evidence presented by the Al-Fateh coalition, and we are waiting for the decision that will be issued today." https://ninanews.com/Website/News/Details?Key=947039
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Zig’s Place Chatroom News Saturday PM 12-25-21
.Zig’s Place Chatroom News Saturday PM 12-25-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly Since the exchange rate change, the annual inflation in Iraq has risen 1,000 percent
2021-12-25 07:45 Since the exchange rate change the annual inflation in Iraq has risen 1000 percent Shafaq News/ The American “Global finance” magazine revealed that the annual inflation in Iraq rose to nearly 1000% in one year. And the magazine stated in its table of 191 countries that were included about the inflation rates in these countries, seen by Shafak News Agency, that “the annual inflation of Iraq for the month of October 2021 rose to 6.4% compared to the same month of last year 2020, which amounted to 0.6%, with an increase rate of 966.67%”.
Zig’s Place Chatroom News Saturday PM 12-25-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly Since the exchange rate change, the annual inflation in Iraq has risen 1,000 percent
2021-12-25 07:45 Since the exchange rate change the annual inflation in Iraq has risen 1000 percent Shafaq News/ The American “Global finance” magazine revealed that the annual inflation in Iraq rose to nearly 1000% in one year. And the magazine stated in its table of 191 countries that were included about the inflation rates in these countries, seen by Shafak News Agency, that “the annual inflation of Iraq for the month of October 2021 rose to 6.4% compared to the same month of last year 2020, which amounted to 0.6%, with an increase rate of 966.67%”.
She added that “inflation also rose from the same month of 2019, in which the annual inflation was 0.2%,” noting that “Iraq ranked fifth in the Arab world in terms of high inflation after Sudan, where annual inflation reached 194.6%, and Yemen 40.8 %, Libya 21.1%, Algeria 6.5%”, while the lowest Arab countries in terms of annual inflation were Bahrain, at 1%.”
Globally, Venezuela came first with the most annual inflation with a rate of 2,700%, followed by Sudan with 194.6%, then Zimbabwe with a rate of 92.5%, while the most declining country in its annual inflation was Samoa with a decrease of -3%, preceded by Comoros with a decrease of -1%.
The magazine’s report noted that “Afghanistan, Argentina, Lebanon, Somalia and Syria” are not included in the table because there are no statistics for these countries.
Continuing inflation may end up in stagflation where economic growth slows, unemployment remains high, inflation remains at high levels, and what is (much) worse, although very uncommon, is the specter of a hyperinflation scenario, in which prices grow unsustainably Control it which leads to a depreciation of the currency.
The American magazine concluded its report by saying that “reducing inflation does not mean that prices will return to what they were before, as it will stop growing at an accelerated pace.”
butterfly It is noteworthy that the annual inflation in Iraq rose significantly after raising the exchange rate of the dollar in the budget for the current year 2021, to equal every 100 dollars 145 thousand dinars, after it was 121 thousand. shafaq.com
butterfly Expectations of the Federal Court’s response to the case for the annulment of the election results
2021-12-25 02:04 Expectations of the Federal Courts response to the case for the annulment of the election resultsShafaq News/ The Iraqi law expert, Tariq Harb, expected today, Saturday, that the Federal Supreme Court will issue a decision dismissing the case to cancel the results of the early parliamentary elections filed by the leader of the Al-Fateh Alliance Hadi Al-Amiri.
Harb told Shafak News Agency, “We expect that the Federal Supreme Court will respond to the lawsuit filed to cancel the results of the early parliamentary elections, especially after the Federal Court responded last week, the lawsuit filed by the winning candidate in the Muthanna Governorate, Basem Khashan and some other parliamentarians, and demanding the return of the former parliament.” to work again.”
He added, “That is why we expect the Federal Supreme Court, in its session, which will be held on Monday, to issue a decision rejecting the other lawsuit filed by the leader of the Al-Fateh Alliance Hadi Al-Amiri, to cancel the results of the early parliamentary elections, nullify them and return them,” stressing that “this decision is binding and not subject to appeal, and it will move towards The court will then have to ratify the results announced by the commission.
The Federal Supreme Court of Iraq has set tomorrow, Sunday, January 26, as the date for the issuance of the decision by the Federal Court regarding the lawsuit filed by Al-Amiri demanding the annulment of the results of the early parliamentary elections, after listening to the last pleas and requests of the two fallen parties.
Al-Amiri gave his testimony in the Federal Court session held on Sunday morning, 22/12/2021, before the judges of the Federal Court, in which he reiterated his position against the election results. shafaq.com
butterfly An upcoming meeting between Al-Amiri and Al-Sadr to resolve the formation of the new Iraqi government
2021-12-25 07:24 An upcoming meeting between Al-Amiri and Al-Sadr to resolve the formation of the new Iraqi governmentShafaq News/ A source in the Al-Fateh Alliance, led by the Secretary-General of the “Badr” Organization, Hadi al-Amiri, revealed on Saturday that the latter will assume the task of negotiating with the Sadrist bloc on forming the new government, according to the division of tasks adopted by the coordination framework in its last meetings.
The source told Shafaq News Agency, “The leaders of the coordination framework divided the tasks of negotiating with the winning forces in the legislative elections that took place last October, on three axes. The first is led by the leader of the framework and head of the State of Law coalition, Nuri al-Maliki, and his task is to negotiate with the Kurdish forces for an agreement.” on a consensual formula that fulfills the demands or fulfills the desires of all parties and in the interest of the country in general.”
“The second axis is led by former Prime Minister Haider al-Abadi to negotiate and negotiate with all Sunni forces to reach future understandings and ensure their support for the framework’s directions,” he added.
He noted that “the leaders of the two axes referred to seem to have made remarkable progress in the negotiation rounds in the past few days.”
The source added, “As for the important and third axis, it is led by the leader of the Al-Fateh Alliance Hadi al-Amiri, and his tasks are focused on negotiating with the leader of the Sadrist movement, Muqtada al-Sadr and his leaders in the Sadrist bloc, and it is hoped that a meeting will be held soon between the two parties.”
butterfly He added, “So far, the location of the meeting has not been determined, and most likely it will be in Al-Hanana, Sadr’s residence, to agree on the smallest details related to forming the government in the event the latter decides to join the Shiite house and form a Shiite majority that will be the decision-maker in forming the next national consensus government.”
The source pointed out that “the coordinating framework strives to ensure that the Sadrist bloc joins the framework to form a unified Shiite alliance that agrees on a comprehensive national program.”
Former Prime Minister Nuri al-Maliki led a negotiating delegation to engage with the Kurdish forces in Erbil over the future of the political process and the general outlines of the features of the new government, followed by negotiations with the Sunni forces led by the leader of the State Forces Alliance, Haider al-Abadi.
On the tenth of last October, Iraq held early legislative elections to get out of a political crisis that swept the country after large demonstrations in the central and southern regions in 2019 in protest against the widespread unemployment in society, the spread of financial and administrative corruption in government departments and institutions, and the deteriorating reality The service and the livelihood, which prompted the former prime minister, Adel Abdul-Mahdi, to resign under popular pressure.
As soon as the preliminary results of the recent elections were announced, the voices of political forces and actors rose in their rejection of losing many seats, accusing them of major fraud in the ballot, which was denied by the executive and judicial authorities, at a time when the United Nations and international organizations praised the integrity of the electoral process. shafaq.com
butterfly An American Report: Inflation In Iraq Has Reached 1000% Due To The Rise In The Price Of The Dollar
Economic Last Update 12/25/2021 | 12:11 PM
American “Global finance” magazine revealed that the annual inflation in Iraq has risen to nearly 1000% in one year due to the current government’s decision to raise the exchange rate of the dollar.
The magazine stated, "Iraq's annual inflation for the month of October 2021 rose to 6.4% compared to the same month of last year 2020, which amounted to 0.6%, with an increase of 966.67%."
She added that "inflation also rose from the same month of 2019, in which the annual inflation was 0.2%," noting that "Iraq ranked fifth in the Arab world in terms of high inflation after Sudan, where annual inflation reached 194.6%, and Yemen 40.8 %, Libya 21.1%, Algeria 6.5%," while the lowest Arab countries in terms of annual inflation was Bahrain, at 1%.
Globally, Venezuela came first with the most annual inflation with a rate of 2,700%, followed by Sudan with 194.6%, then Zimbabwe with a rate of 92.5%, while the most declining country in its annual inflation was Samoa with a decrease of -3%, preceded by Comoros with a decrease of -1%. https://almaalomah.me/2021/12/25/572797/
butterfly Law: Al-Kazemi's Government Failed Miserably To Revive The Economic Situation
Economic Last Update 12/25/2021 | 9:22 AM
A member of the State of Law coalition, Duha Caesar, saw, on Saturday, that the economic decline that the country is going through is the result of government tampering, stressing that the government of the outgoing Prime Minister Mustafa Al-Kazemi failed to revive the economic situation.
Al-Qusayr said in a statement to "Al-Maalouma", that "Al-Kazemi's government failed miserably in reviving the economic situation," noting that "the rise in the dollar exchange rate made the Iraqis live through a difficult stage on the economic and social levels."
She added that "the next stage needs a strong government capable of bearing the burden of responsibility and saving the deteriorating economic and social situation," noting that "the current economic situation has become a burden on the poor."
A member of the Economy and Investment Committee in the dissolved parliament, Mazen Al-Faili, had confirmed in a previous statement that the decision to raise the exchange rate of the dollar had seriously harmed the poor. https://almaalomah.me/2021/12/25/572760/
butterfly The Minister of Finance makes a booby-trapped statement: Iraq may lay off all its employees
Pratha News Agency 2021-12-24
Finance Minister Ali Allawi launched an explosive statement regarding employees in Iraq.
Allawi said, according to Al-Mada newspaper, "After 10 years, oil will collapse forever, and Iraq may lay off its employees."
The Minister of Finance warned of a very high risk and threat level in the medium-term and within 10 years from now, due to Iraq's continued dependence on oil, which constitutes more than 90% of state revenues, pointing to the need to take harsh reforms from now on. https://burathanews.com/arabic/economic/404888
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Zig’s Place Chatroom News Saturday AM 12-25-21
.Zig’s Place Chatroom News Saturday AM 12-25-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly It would be nice if we all spent one day enjoying life and put everything else aside. One day of peace and joy to all and may you all enjoy the life you were given. M.E.R.R.Y.......C.H.R.I.S.T.M.A.S.............to all!
Butterfly Very very interesting to see: Al-Rafidain Bank announced today, Saturday, that it has started delivering MasterCard cards to retirees residing in the Jordanian capital, Amman.
And the bank’s media office said in a statement: “A delegation headed by the general manager of the bank, Abdul Hassan Jamal, visited Jordan with a delegation from the Central Bank of Iraq, and supervised the process of issuing MasterCard cards for retirees residing in the Jordanian capital, Amman.”
Zig’s Place Chatroom News Saturday AM 12-25-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly It would be nice if we all spent one day enjoying life and put everything else aside. One day of peace and joy to all and may you all enjoy the life you were given. M.E.R.R.Y.......C.H.R.I.S.T.M.A.S.............to all!
Butterfly Very very interesting to see: Al-Rafidain Bank announced today, Saturday, that it has started delivering MasterCard cards to retirees residing in the Jordanian capital, Amman.
And the bank’s media office said in a statement: “A delegation headed by the general manager of the bank, Abdul Hassan Jamal, visited Jordan with a delegation from the Central Bank of Iraq, and supervised the process of issuing MasterCard cards for retirees residing in the Jordanian capital, Amman.” https://ninanews.com/Website/News/Details?key=946730
butterfly The Presidency of the Republic visits the ancient Eastern Church and offers congratulations on the occasion of the birth of Christ
Saturday 25 December 2021 The Presidency of the Republic congratulated our Christian people on the occasion of the birthday of Christ, peace be upon him.
On behalf of the President of the Republic, Chief of the Presidential Office, Muhannad Husam El-Din, presented a bouquet of flowers to His Eminence Bishop Mar Shimon Daniel, Bishop of the Diocese of Iraq and the Middle East.
Dr. Hussam El-Din hoped that this dear occasion would return to the hearts of all Iraqis, and the omens of peace were strengthened throughout our country, and security and prosperity prevailed. https://ninanews.com/Website/News/Details?key=946790
butterfly Al-Araji attends Christmas mass at the Church of the Assumption of the Virgin Mary in Baghdad
Saturday 25 December 2021 The National Security Adviser, Qassem Al-Araji, attended today, Saturday, the Christmas mass, which was held at the Church of the Assumption of the Virgin Mary, in the capital, Baghdad, in the presence of the Patriarch of the Chaldean Church in Iraq, Cardinal Louis Raphael Sako.
A statement by the Information Office of the National Security Adviser stated, "Al-Araji offered congratulations and blessings to Christians in Iraq and the world, on the occasion of the glorious Christmas holidays, stressing that this good country that brings together Iraqis of all nationalities, religions and sects on this blessed birthday, the birth of our Lord Christ (peace be upon him), is evidence Tolerance, familiarity and love, and pointed out that "the goal of all prophets and religions is to build the human being, praying to God Almighty, to preserve Iraq and the Iraqis and to strengthen this brotherhood and love in these blessed days, calling for all Iraqis to enjoy the security, safety and hope desired in their country, Iraq." https://ninanews.com/Website/News/Details?key=946787
butterfly Al-Kazemi on the birthday of Jesus: This glorious memory drives us to more adherence to the values of coexistence, tolerance and brotherhood
Saturday 25 December 2021 Prime Minister Mustafa Al-Kazemi congratulated Iraqis, especially Christians, on the birthdays of Jesus Christ.
Al-Kazemi said in a tweet on Twitter: "My warmest congratulations to all Iraqis, especially Christians among them, and all humanity on the anniversary of the birth of our Lord Christ."
He added, "This glorious memory pushes us to further adhere to the values of coexistence, tolerance and brotherhood under the roof of our homeland Iraq, which is protected and built by all its sons despite the great challenges." https://ninanews.com/Website/News/Details?key=946772
butterfly The Captain of the Journalists' Syndicate, Muayyad Al-Lami, congratulates the Christians on the glorious Christmas
Saturday 25 December 2021 The head of the Iraqi Journalists Syndicate, Muayyad al-Lami, congratulated Christians on the birthday of Christ.
Al-Lami said in a tweet on Twitter: "Congratulations to the Christian brothers on the glorious Christmas, and we have shared with them the mass of the Church of Our Lady of Salvation in Baghdad.. May God preserve Iraq and the noble division of Adam, peace be upon him, goodness and love.. Amen, Lord of the worlds." https://ninanews.com/Website/News/Details?key=946768
Zig "So This is Christmas" by John Lennon https://www.youtube.com/watch?v=Ax9ekyUy5gg
butterfly Hey Zig hope you are having a great Christmas.
Butterfly It seems Iraq is also celebrating. Whew gives me a break of posting all the other news. I think I will wait until the end of the day to post articles.
Butterfly The Joys of Christmas Poet: Julie Hebert, © 2011
How beautiful are the houses, Decorated in red and green.
I love to see so many lights, On the Christmas scene.
Tinsel, garland and presents, Are some of my favorite things.
The feeling I get during Christmas, Is something that everyone brings.
I love Christmas dinner, Especially the big pumpkin pie.
Eggnog, fruitcake and candy canes, Are also a big Christmas high!
Turkey and veggies are great, But my favorite is Christmas dessert.
I think my favorite is the cookies, Made only by the Christmas expert!
The laughter and love that family bring The gifts and presents for everyone
Fills my heart with all good things The day is full of lots of fun.
For the children, Christmas brings lots of toys Excitement and giggles is all they can say
For the adults, we love the feeling of joy Cherish the moments, enjoy the day!
butterfly Once More Poet: Grinnell Willis
Once more at home, at Christmas time, We gather at thy call,
Thy children and grandchildren, We are coming, one and all.
From East and West we're coming, A joyous, happy throng.
Our hearts are glad, and on our lips The merry Christmas song.
We've had our own Saint Nicholas, Our merry Christmas tree,
But better far than all of these. We're coming home to thee.
Thy presence is our beacon light. Our star by day, our guide by night.
God bless you both, your children pray, And keep you safe for many a day.
butterfly Christmas Joy Poet: Ellwood Haines Stokes
What a joyful hour to our sin-cursed earth. When the tidings came of a Saviour's birth.
And the heart's warm pulse beat stronger still. As the song was heard of Heaven's good will.
What a joyful hour! cried the sons of night. For, as Jesus spoke, there was instant light;
And the exile heard, in that new-born day, Of a home in heaven and a blissful way.
What a joyful hour, when the dumb could speak, And the palsied arm was no longer weak;
When the sick could rise from their bed of pain, And the halt and lame were restored again.
What a joyful hour, when the Saviour spoke, And the slumbering dead from their graves awoke.
When the Prince of Life, through death*s dark domain, Sent the warm blood back to the heart again.
But there comes an hour, far more joyful still, When the good man's soul shall with rapture thrill;
When his eyes shall glow with the fire of love. As he leaves this world for his home above.
A more joyful hour, when life's tide is crossed. And the roar of its surge in the skies is lost;
When our toils are o'er, and our exile past, And we rest in the smile of our God at last.
butterfly Joy In the Redeemer's Birth Poet: Bishop Hall
Immortal Babe, who this dear day Didst change Thine heaven for our clay,
And didst with flesh Thy godhead veil, Eternal Son of God, all hail!
Shine, happy star ye angels, sing Glory on high to heaven's King:
Run, shepherds, leave your nightly watch! See heaven come down to Bethlehem's cratch!
Worship, ye sages of the east, The King of gods in meanness dressed!
O blessed maid, smile and adore The God thy womb and arms have bore!
Star, angels, shepherds, and wise sages, Thou virgin glory of the ages.
Restored frame of heaven and earth, Joy in your dear Redeemer's birth!
butterfly All The Earth With Joy Is Ringing Poet: Philip Scaff
To-day in Bethlehem hear I Sweet angel voices singing,
All glory be to God on high, Who peace to earth is bringing.
The Virgin Mary holdeth more Than highest heaven most holy:
Light shines on what was dark before, And lifteth up the lowly.
God wills that peace should be in earth. And holy exultation
Sweet Babe, I greet Thy spotless birth And wondrous Incarnation.
To-day in Bethlehem hear I Even the lowly singing:
With angel-words they pierce the sky; All earth with joy is ringing.
Butterfly Why Santa Claus Sneezed on Christmas - Poet Unknown
Ah-ketch-u! ah-ketch-u!! ah-ketch-u!!! Right out of the chimney he flew,
With the speed of a comet, the whiz of a rocket, Coat up to his ears, hands stuffed in his pocket,
His nose in a pucker, his teeth in a chatter, "Dear Santa," said I, "why what is the matter?
You look very much as if you were freezing; And, of all things, what under the sun set you sneezing?
Is it possible, you, the dear old Saint Nicholas, Have been catching cold? How supremely ridiculous!"
He stopped when he heard me, this jolly old fellow. With his heart like, a peach, so tender and mellow.
"I am chilled to the marrow," he cried, with a shiver, His eyes growing misty, his chin in a quiver.
"Did you see the tall chimney from which I came flying? In the room right below it a small boy sat crying
And sobbing and scolding because -oh how shocking! - He found only ten presents crammed in his stocking,
While his wee baby sister had eleven. Why, his weeping Made the chimney so damp, the cold chills kept creeping
From my neck to my toe-tips. So then, with a whew! I shot out of that chimney - ah-ketch-u! ah-ketch-u!!
"I have travelled all over the far arctic regions. Have been among Esquimaux. Danes and Norwegians;
But that's the first child, on mainland or isthmus. That has made me, old Santa Claus, sneeze on a Christmas."
Zig If you access this chat via https://my.cbox.ws/ZIGPLACE
You can make the box much bigger by clicking this link ZIGPLACE - Cbox
Zig’s Place Chatroom News Friday Afternoon 12-24-21
.Zig’s Place Chatroom News Friday Afternoon 12-24-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly I found this an interesting read: WhatsApp is the next front
Abdulrahman al-Maliki 2021-12-24 A few years ago, news spread on social media that Mark Zerrumberg, the founder of Facebook, had bought WhatsApp in a deal worth $19 billion, and this is a not small amount, to join Facebook, preceded by the youthful Instagram program.
Everyone knows that Facebook is run by the Pentagon. Otherwise, how can a young man in his early twenties buy these applications and have freedom and money without placing restrictions. No one expected that WhatsApp would be subject to the publishing policy that violates the freedom of the individual, which is guaranteed by the country in which he lives.
Zig’s Place Chatroom News Friday Afternoon 12-24-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly I found this an interesting read: WhatsApp is the next front
Abdulrahman al-Maliki 2021-12-24 A few years ago, news spread on social media that Mark Zerrumberg, the founder of Facebook, had bought WhatsApp in a deal worth $19 billion, and this is a not small amount, to join Facebook, preceded by the youthful Instagram program.
Everyone knows that Facebook is run by the Pentagon. Otherwise, how can a young man in his early twenties buy these applications and have freedom and money without placing restrictions. No one expected that WhatsApp would be subject to the publishing policy that violates the freedom of the individual, which is guaranteed by the country in which he lives.
Rather, it is the management of man according to laws far from this country, or rather, the special laws and directives in America that dominate even our publications that are not considered a violation according to our country. American policy imposes its dominance on social networking sites and buys any application it sees as a media front against it, Recently, it banned the Chinese application Tik Tok because the company refused to sell the application to these people.
All the programs that follow the American policy began to set publishing policies according to their mood and did not respect the policies of the country in which we live. It is very natural for the arrogant America that did not respect the sovereignty of this country to do so, but for how long will this government silence continue towards our media, which targets a specific and specific group of people?
The sons of this country, who are known for their sacrifice and steadfastness. In conjunction with the approaching anniversary of the martyrs leaders, the American administration began attacking the accounts of the Mujahideen brothers from all sides,
butterfly WhatsApp, Twitter, Facebook, Instagram, to begin the stage of the media and psychological attack. The US administration failed to attack us in reality, "like ISIS gangs and other conspiracies," so it resorted to websites. https://burathanews.com/arabic/articles/404868
butterfly Official: $79 billion in Iraq’s internal and external debts
December 24, 2021 10:42 am Official - 79 billion in Iraqs internal and external debtsMubasher: The economic advisor to the Prime Minister, Mazhar Muhammad Salih, announced today, Friday, that the remaining internal and external debts on Iraq amount to 79 billion dollars.
Saleh said in a statement to the Iraqi News Agency (INA), that “as for foreign debts, there is a suspended amount that has not been settled under the Paris Club Agreement to settle Iraq’s foreign debt, and it goes back to the so-called debts before 1990, estimated at 41 billion dollars, which requires that the debt is correct. To be discounted by 80 percent or more according to the terms of the Paris Club Agreement, with no more than $8-9 billion.”
He added that “the aforementioned amount appears in the accounting books of four Gulf countries at a rate of approximately 66 percent distributed between Saudi Arabia, Kuwait, Qatar and the Emirates, and it dates back to the era of the Iran-Iraq war and is expected to be written off by 100 percent because it is a debt associated with wars and not for development purposes.”
He pointed out that “the remaining 34 percent belongs to eight different countries, and in general it can be said that the sovereign debt on Iraq is divided between the group of Paris Club countries and countries outside the Paris Club, and commercial debts.”
butterfly Adviser to the Prime Minister explained that “Iraq’s foreign debts, especially debts before 1990, were settled under the 2004 Paris Club Agreement, where it was agreed to write off 80 percent and more of those debts, whose initial estimates at the time approached $129 billion, and most of them were written off and the rest was scheduled. Debt over 20 years.
And he indicated that “despite the fact that Iraq made some external borrowings due to financial distress after 2014 as a result of the war on ISIS terrorism and the drop in oil prices and its direct impact on the country’s public budgets, the total external public debt subject to repayment obligations does not exceed 20 billion dollars today.”
He added, “As for the internal public debt, it is the largest today and amounts to about 50 billion dollars, but it is a debt between government financial institutions exclusively, and it is settled within the internal economic policies, and it is a low-risk debt,” noting that “the increase in oil revenues will provide high financial leverage to settle the debts.” The remnants of debt and easy choices.
Saleh explained: “In light of the foregoing, the public debt components can be re-analyzed as follows: If the internal public debt touched nearly $50 billion, 67 percent of it goes back to the Central Bank of Iraq with an average annual interest of 3 percent, while the debt The remainder of it, which must be paid, is about $20 billion.”
He stressed that recalculating the actual external public debt is $29 billion, and that the actual total internal and external debt is $79 billion, and assuming that the gross domestic product for the year 2021 is $178 billion, the actual debt-to-product ratio is about 45 percent, and it is still falling within the safe range of EU standards of stability and growth. mubasher.info
butterfly Chihod: The Election Law Will Not Remain In Place, And The Next Parliament Will Have Its Say
12/24/2021 | 9:28 AM Chihod - The Election Law Will Not Remain In Place And The Next Parliament Will Have Its SayInformation / Baghdad…
A member of the State of Law coalition, Muhammad Chihod, confirmed that the election law has faced rejection by most of the political blocs and parties, pointing out that the law will not remain as it is and will face changes during the next parliamentary session.
Chihod told Al-Maalouma, “The next parliament will work to change the election law after the great failure of the electoral process and manipulation of the poll results, which was a reason to appeal to the Federal Court about the election results.”
He added, “Most of the political forces have objected to the election law, which caused fraud and chaos that accompanied the voting process, and whose repercussions still exist.”
And he indicated that “the judiciary is unlikely to go in the direction of canceling the results and calling for new elections, especially since there are a number of reasons, the most prominent of which is the absence of a parliament, in addition to the fact that the government is still a caretaker.” almaalomah.me
butterfly Legal: The Government Can Remove Iraq From Chapter VI After Paying Kuwait Compensation
12/24/2021 | 9:34 AM Legal - The Government Can Remove Iraq From Chapter VI After Paying Kuwait CompensationInformation / Baghdad…
The legal expert, Ali Al-Tamimi, explained that the government is required to act before the Security Council in order to remove the name of Iraq from Chapter VI after paying Kuwait’s compensation in full.
Al-Tamimi told Al-Maalouma, “Iraq was placed under Chapter VII of the United Nations after the invasion of Kuwait under UN Security Council Resolution No. 666 in 1990, and it came after warnings, warnings and an economic siege imposed on the country, then international sanctions came to put it under Chapter VII.” .
He added that “the personality of Iraq has become weak in international law, and it is not permissible for it to contract, import, export and conclude agreements, meaning that the government is like a caretaker government.”
And he indicated that “Iraq exited from Chapter VII in 2017 under Security Council Resolution No. 2390, and entered into Chapter VI due to the presence of $4.5 billion worth of belongings with Kuwait as compensation for its invasion in the nineties of the last century.”
He stressed that “Iraq, after fulfilling all its obligations contained in Chapter VI, has terminated all material obligations to Kuwait, and the government, through its representative at the United Nations, must notify the UN Security Council of this, in order to issue a decision that Iraq ends Chapter VI, and this has positive economic repercussions for the money to return.” granted to Kuwait to the state’s financial treasury. finished 25
almaalomah.me
butterfly Again..........Official: $79 billion in Iraq’s internal and external debts
December 24, 2021 10:42 am Official - 79 billion in Iraqs internal and external debtsMubasher: The economic advisor to the Prime Minister, Mazhar Muhammad Salih, announced today, Friday, that the remaining internal and external debts on Iraq amount to 79 billion dollars.
Saleh said in a statement to the Iraqi News Agency (INA), that “as for foreign debts, there is a suspended amount that has not been settled under the Paris Club Agreement to settle Iraq’s foreign debt, and it goes back to the so-called debts before 1990, estimated at 41 billion dollars, which requires that the debt is correct. To be discounted by 80 percent or more according to the terms of the Paris Club Agreement, with no more than $8-9 billion.”
He added that “the aforementioned amount appears in the accounting books of four Gulf countries at a rate of approximately 66 percent distributed between Saudi Arabia, Kuwait, Qatar and the Emirates, and it dates back to the era of the Iran-Iraq war and is expected to be written off by 100 percent because it is a debt associated with wars and not for development purposes.”
He pointed out that “the remaining 34 percent belongs to eight different countries, and in general it can be said that the sovereign debt on Iraq is divided between the group of Paris Club countries and countries outside the Paris Club, and commercial debts.”
Adviser to the Prime Minister explained that “Iraq’s foreign debts, especially debts before 1990, were settled under the 2004 Paris Club Agreement, where it was agreed to write off 80 percent and more of those debts, whose initial estimates at the time approached $129 billion, and most of them were written off and the rest was scheduled. Debt over 20 years.
butterfly And he indicated that “despite the fact that Iraq made some external borrowings due to financial distress after 2014 as a result of the war on ISIS terrorism and the drop in oil prices and its direct impact on the country’s public budgets, the total external public debt subject to repayment obligations does not exceed 20 billion dollars today.”
He added, “As for the internal public debt, it is the largest today and amounts to about 50 billion dollars, but it is a debt between government financial institutions exclusively, and it is settled within the internal economic policies, and it is a low-risk debt,” noting that “the increase in oil revenues will provide high financial leverage to settle the debts.” The remnants of debt and easy choices.
Saleh explained: “In light of the foregoing, the public debt components can be re-analyzed as follows: If the internal public debt touched nearly $50 billion, 67 percent of it goes back to the Central Bank of Iraq with an average annual interest of 3 percent, while the debt The remainder of it, which must be paid, is about $20 billion.”
He stressed that recalculating the actual external public debt is $29 billion, and that the actual total internal and external debt is $79 billion, and assuming that the gross domestic product for the year 2021 is $178 billion, the actual debt-to-product ratio is about 45 percent, and it is still falling within the safe range of EU standards of stability and growth. mubasher.info
Butterfly How Will Oil Prices Be In 2022?
Economic Last Update 12/24/2021 | 8:23 PM Russian Deputy Prime Minister Alexander Novak ruled out that oil prices will change significantly in 2022 with the recovery of demand for crude and its return to pre-Corona pandemic levels.
Novak said in a television interview, "The demand for oil will continue to recover, the world has learned to live in the conditions of the Corona pandemic," and indicated that the demand for oil will return to pre-crisis levels by the end of 2022.
The Russian Deputy Prime Minister added that it is unlikely that oil prices will change much next year as demand recovers.
With regard to Russia's oil production in 2022, the Russian official said that his country will raise its crude production next year to 540-550 million tons.
He pointed out that Russia increased its oil production in 2021 by 2.1% to 524 million tons, pointing out that the Russian budget revenues from oil and gas in 2021 amounted to 8.5 trillion rubles.
Oil prices are currently trading at the level of $77 a barrel, in light of the recovery in demand after its decline due to the Corona crisis and its repercussions. https://almaalomah.me/2021/12/24/572716/
Doug_W Sunny 75.92 °F Feels like 75.92 °F Wind 4.6 MPH Humidity 43.3 % Sunrise at 07:15 Sunset at 17:37
butterfly Wow it is up to 50 degrees, but rain will be coming around 7PM
butterfly Al-Hakim confirms that a government can be formed within two weeks
Friday 24 December 2021 22:19 The head of the National State Forces Alliance, Ammar al-Hakim, confirmed that a government can be formed within two weeks.
Al-Hakim said in a speech during the Christmas Eve mass at St. Joseph Cathedral: "The sooner we form the government, we will achieve people's interests and be in front of a government team that runs the country and provides services and others."
He added, "We need to focus on the common people more than the sources of difference, and it is shameful that we are unable to manage the difference and solve our problems. We have to build one Iraq and be adept at reassuring each other instead of division and revenge."
He pointed out that "there are great commonalities with our Christian brothers, stressing that we should be proud of belonging and diversity as it is a great blessing from God, and the Christians in Iraq are our bridge to the Christian world." https://ninanews.com/Website/News/Details?Key=946696
butterfly Al-Kazemi: I don't think there is a political blockage... There were elections and there are challenges we face / Expanded
Friday 24 December 2021 23:59 Prime Minister Mustafa Al-Kazemi confirmed that he does not believe that there is a political blockage, or in political work, indicating that there were elections and there are challenges we face and now there is a dialogue.
Al-Kazemi said in his speech during the mass that was held at the Joseph Cathedral in Baghdad on the occasion of Christmas: “On Christmas Day, the sound of war stops, and we must continue to create hope. This is the Iraqi heritage in diversity."
He added, "We celebrate Christmas, which has become a symbol of a transient Iraqi national identity, and it is imperative for us to create an Iraqi identity that crosses sects and religions. Today, we celebrate Christmas as days to celebrate spirituality, tolerance, and life."
He continued, "We are united by these holy days, which are a memory of the birth of our Lord Jesus Christ, a prophet of Christians and Muslims alike."
He pointed out that we were united in the past in confronting terrorism and confronting terrorist organizations, and we are united today in commemorating the glorious day of Christmas. The Iraqis, with all their sects, participated in confronting terrorism, Muslims, Christians and all other sects.
From this point of view, His Holiness the Pope visited Iraq, and the visit confirmed the symbolic and spiritual importance of Iraq, and this visit raised the interest of the whole world in Iraq as a home of religions, from Abraham (peace be upon him) to our Prophet Muhammad (peace be upon him).
butterfly He pointed out that this country, which is your country, represents a rich religious diversity and a human, cultural and spiritual asset to the whole world. It possesses real wealth, which is the religious and cultural diversity that Iraq possesses, and the Iraqis should make it a source of strength. Some countries spend billions of dollars in order to create diversity; That is why we must invest in diversity to support Iraq's national, regional and international standing.
And he continued, during the year and a half, my government had to work to advance all the forces of society with all its benevolent components; In order to strengthen Iraq's regional position, as well as trying to support the spiritual and national renaissance of the spectrum of Iraqi society in order to restore cohesion between its components, and in order to strengthen its regional and international standing.
He explained: "Our Christian people and the solidarity of the clergy and Christian leaders with other components had an indispensable role to work hand in hand in order to strengthen this position."
He said, "Iraq witnessed a strong national and diplomatic movement during this period, despite the serious challenges that my government faced from the pandemic, the economic crisis, and the regional and international conflict."
He added, "This would not have happened if the Iraqis were not cooperating with each other and supporting the government's efforts."
He stressed that we succeeded in raising the name of Iraq, setting the first foundational steps for economic reform, and holding successful and fair elections in a record period, in addition to launching reconstruction and economic cooperation projects with countries in the region and strengthening Iraq's position regionally and internationally.
He continued: We emphasize once again: The identity of the Iraqis cannot be imagined without Christians, and this cannot be done without all the other components of the citizens of Iraq.
butterfly He said, "I do not believe that there is a political blockage, or in political action. There were elections and there are challenges that we face and now there is a dialogue. Some countries are delaying the formation of governments for a long time. We have no choice but dialogue. It is the solution to build a future worthy of Iraqis of all their sects, and it must Dialogue is an opportunity for hope, not for it to turn into an element of threat and blackmail, as Iraq is built through understanding,
and unfortunately we hear those who say that the number of Christians in Iraq is constantly decreasing, so we must encourage Christians to stay in Iraq and contribute to building this country and building its national identity. And to face challenges together,
He pointed out that weeks ago, Iraq's credit rating was raised by two degrees, which is what is happening for the first time since 2003; These are the results of the economic reform white paper, which has begun to bear fruit. https://ninanews.com/Website/News/Details?Key=946702
butterfly Erdogan Reveals The Size Of Turkey's International Reserves
Economic Last Update 12/24/2021 | 11:03 PM
Turkish President Recep Tayyip Erdogan revealed today, Friday, the size of Turkey's international reserves, and this comes at a time when the Turkish lira is under severe pressure, as the currency hit its lowest level this week.
The Turkish president referred to the existence of an "economic war" against Turkey, and said that "those who were unable to bring Turkey to its knees in any way have directed their power towards our economy," according to what was reported by Anadolu Agency.
The Turkish president added, during a meeting with a number of economists and academics in Istanbul: “We are waiting for those who raised prices with the rise of the dollar to reduce them at the same speed and proportion.”
Regarding the strength of the Turkish economy, Erdogan said that the reserves of the Turkish Central Bank today exceed 115 billion dollars, and that Turkey has no debt to the International Monetary Fund and there are no talks with it.
The Turkish president indicated that the country will enter a period of economic prosperity and productivity by the summer, stressing that Turkey has a solid economic base that makes it one of the largest economies in the world.
Earlier, the Turkish President launched a new economic plan to adjust currency exchange rates in a way that suits the country's economic reality, and said that his government is determined to protect citizens' gains from inflation pressures and exchange rate fluctuations.
In turn, Turkish Minister of Treasury and Finance Nureddin Nebti indicated that the positive results of the "Turkish economic model" will appear before the summer of 2022. He added that this is a distinctive model that will attract direct investments in exchange for hot money.
butterfly The Turkish currency has witnessed a decline since the beginning of this year, in light of the Turkish Central Bank reducing key interest rates despite the high inflation rates in Turkey. https://almaalomah.me/2021/12/24/572746/
butterfly Thousands of flights cancelled due to COVID-driven staff shortage
Delta, Lufthansa, United cancel flights on Christmas Eve and beyond as Omicron cases force personnel to take sick leave. 24 Dec 2021
At least three major airlines have reported cancelling dozens of flights as illnesses largely tied to the Omicron variant of the coronavirus take a toll on flight crew numbers during the busy holiday travel season.
At least 5,000 cancellations are expected during December 23-25, according to Flight Aware, a website that tracks flight data. more here: https://www.aljazeera.com/news/2021/12/24/thousands-of-flights-cancelled-due-to-covid-driven-staff-shortage
Doug_W GN and merry christmas
Sheila FYI, discernment: 12/24/2021 All Signs Are Pointing by Nick Fleming -- https://nicksintel.wordpress.com/2021/12/24/12-24-2021-all-signs-are-pointing
Zig If you access this chat via https://my.cbox.ws/ZIGPLACE
You can make the box much bigger by clicking this link ZIGPLACE - Cbox
Zig’s Place Chatroom News Thursday Late PM 12-23-21
.Zig’s Place Chatroom News Thursday Late PM 12-23-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Zig Bobby Cahill : You are quite an expert when it comes to all of this...Thanks for your participation....I know nothing compared to some of you....lol Do you have a background in Economics, etc??
Doug_W Zig bobby goes WWAAAYYYY back
Bobby Cahill Zig Very minor in economics. I just love the research and the more you do, the easier it gets
Zig’s Place Chatroom News Thursday Late PM 12-23-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Zig Bobby Cahill : You are quite an expert when it comes to all of this...Thanks for your participation....I know nothing compared to some of you....lol Do you have a background in Economics, etc??
Doug_W Zig bobby goes WWAAAYYYY back
Bobby Cahill Zig Very minor in economics. I just love the research and the more you do, the easier it gets
Bobby Cahill I got hooked into the lies, although it didn't take me long to figure it out. After that I decided to do my own in depth research as to where Iraq was and where they need to be. When I got into this, there was very little IQD in circulation as compared to today's standard
UNEEK Bobby Cahill I would also like to thank you for coming here and sharing your thoughts - perspective and knowledge on our investment - I have enjoyed reading the conversations very much
Bobby Cahill UNEEK Thank you for that! I love being able to converse with people and while both sides may differ, we can be respectable about it
UNEEK Bobby Cahill I apologize for not speaking up much sooner but there has been some unfortunate tragedies here this past week - I might not participate in the economics conversations but I do read all the chat script - so thank you again and Merry Christmas
Bobby Cahill UNEEK I hope life offers some healing and Merry Christmas to you and yours as well
Zig Bobby Cahill : "while both sides may differ, we can be respectable about it".....Try that with politics in here....lol....very difficult for some people....
Bobby Cahill Zig lol when people talk politics, they really show their ignorance
butterfly Gold Rises 6% In The “Christmas” Week
Economic Last Update 12/23/2021 | 10:01 PM Gold prices rose today, Thursday, in limited trading at the end of the year, and are heading to record the second consecutive weekly rise.
And gold rose in spot transactions 0.4 percent, to $ 1809.70 an ounce (an ounce) by 13:35 GMT, and US gold futures rose 0.3 percent, to $ 1808.
The price of gold, supported by the weakness of the dollar, rose by six percent in the week of the Christmas holidays in what could become the second consecutive weekly gain.
"Limited trading and buying due to Christmas are keeping gold above the $1800 level," said Michael Langford, director at Air Guide corporate advisory.
Global stock prices, bond yields and risky currencies rose today, Thursday, with growing investor confidence supported by indications of the “Omicron” of the Corona virus, which may be less severe than previously feared, in addition to the release of strong US economic data.
The dollar index recovered slightly, but remained near its lowest level in a week against the more risky currencies, which makes gold less attractive to holders of currencies other than the dollar.
As for other precious metals, silver rose 0.6 percent to $22.91 an ounce, platinum rose 0.1 percent to $965.28, and palladium rose 0.3 percent to $1886.95, up about six percent during the week. https://almaalomah.me/2021/12/23/572620/
butterfly Al-Fateh: The Occupation Advisors Are Under The Protection Of 2,500 American Soldiers At The End Of The Year
POLITICIAN 2021/12/23 | 7:51 PM The Al-Fateh Alliance confirmed, on Thursday, that there is confusion in understanding the foreign exit from Iraq, and that it does not apply to the Americans and includes only the arrogant international forces with them.
A member of the coalition, Mukhtar al-Moussawi, said in a statement to the "Information" agency, that "the agreement that was signed may have been misunderstood and that the exit includes only foreign forces that came with the so-called international coalition."
He pointed out that "the survival of the trainers and advisors is the other side of the American combat forces in Iraq, and there is no such thing as an American exit from the military bases, because basically it will not leave them without support."
He pointed out that "the Congress confirmed the dispatch of 2,500 American fighters to protect the advisers, and therefore this number is a new occupation under the pretext of the advisers, and the matter is rejected, and we will not accept anything but a total exit from them."
Only a few days remain until the date of the occupation’s exit from Iraq, during which all 9 bases will be handed over to the Iraqi forces, according to what was announced by the Al-Kazemi government. https://almaalomah.me/2021/12/23/572588/
butterfly Funding Opportunity for Iraqi Projects 23rd December 2021 in Iraq Industry & Trade News ................. Request for Statements of Interest: FY21 DRL Iraq Programs
The U.S. Bureau of Democracy, Human Rights and Labor (DRL) has announced a Request for Statements of Interest (RSOI) outlining project concepts and capacity to manage programs in Iraq that will:
strengthen effective governance;
increase political participation and civic activism;
promote fundamental freedoms; and
support atrocity prevention, accountability, and reconciliation.
Full information is available here. (Source: U.S. Department of State)
butterfly Full information is available here: https://www.state.gov/request-for-statements-of-interest-fy21-drl-iraq-programs/
butterfly Genel Energy appoints new Non-Executive Director 24th December 2021 in Iraq Oil & Gas News.................. Genel Energy has announced the appointment of Yetik Mert (pictured) as an Independent Non-Executive Director, with immediate effect.
Yetik has almost 40 years' technical, commercial, business development, and general management experience, including holding executive and non-executive Directorship roles across the energy utility and industrial sectors in MENA, CEE and the USA.
Yetik is currently serving as a Non-Executive Director and Chairman of the Remuneration, Governance and Nomination Committees on the Boards of Turkish companies Cimsa Cimento Sanayi ve Ticaret AS and Afyon Cimento Sanayi Turk AS (Sabancı Holding Group Companies), which operate in the industrial construction sector.
(Source: Genel Energy)
NORV Hal burn the Zim its dead currency, Venezuela is a country full of corruption but lots of oil..maybe invest in oil futures rather than the currency. sell the Dong it will never rise because they compete with China for contracts, and wait out Iraq's economic growth which could be several more years and maybe make some money.
NORV Butterfly Remember the articles saying that Iraq would pay Kuwait, final payment, in 2022. Bam we read articles that they paid them off without a warning.
NORV I have been in this since 2007 and never saw such an article. Iraq had no choice.
NORV Enjoy your Christmas and forget about some fake RV happening because it isn't!
NORV :Float: :Float:
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Zig’s Place Chatroom News Thursday Afternoon 12-23-21
.Zig’s Place Chatroom News Thursday Afternoon 12-23-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly Federal Court sets deadline to hear election appeals
2021-12-23 Federal Court sets deadline to hear election appealsThe Federal Court decided to postpone the special session to consider the cases submitted regarding the cancellation of the results of the legislative elections until the beginning of next week, and the court set the twenty-sixth of this month as the date for definitively ruling on the appeals submitted by the Al-Fateh Alliance regarding the polling results.
The matter with which you will be asked, this was confirmed by the lawyer of the coordination framework after the conclusion of the pleading session in the case against the election results, and after the conclusion of the framework, waiting for the decision, as the Federal Court set next Sunday the twenty-sixth of next week as the date for issuing its decision in the case.
Zig’s Place Chatroom News Thursday Afternoon 12-23-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly Federal Court sets deadline to hear election appeals
2021-12-23 Federal Court sets deadline to hear election appealsThe Federal Court decided to postpone the special session to consider the cases submitted regarding the cancellation of the results of the legislative elections until the beginning of next week, and the court set the twenty-sixth of this month as the date for definitively ruling on the appeals submitted by the Al-Fateh Alliance regarding the polling results.
The matter with which you will be asked, this was confirmed by the lawyer of the coordination framework after the conclusion of the pleading session in the case against the election results, and after the conclusion of the framework, waiting for the decision, as the Federal Court set next Sunday the twenty-sixth of next week as the date for issuing its decision in the case.
The coordinating framework hopes that the Federal Court’s decision will be in two directions: the first is either to recount and comprehensive manual counting of all electoral districts, or to go towards canceling the current election law while preserving the votes of voters and counting them with a new mechanism, such as returning to the previous law. burathanews.com
butterfly More Than 100 Billion Dollars.. The Financial Advisor Reveals In Numbers The Size Of Iraq's Debts
Economic Last Update 12/23/2021 | 6:40 PM The appearance of Muhammad Salih, the financial advisor to the Prime Minister, revealed the total external and internal debts of Iraq, indicating that it exceeds 100 billion dollars.
Saleh said, in an article published on the website of the Iraqi Economists Network and seen by the "Information" agency, that "Iraq made some external borrowings due to financial hardship after 2014 as a result of the war on ISIS terrorism and the drop in oil prices and its direct impact on the country's public budgets, but the total public debt Today, the external subject to payment obligations does not exceed $20 billion.”
He pointed out that “there are debts still pending on the Paris Club Agreement, which requires writing off by 80% or more, but it has not been settled and belongs to some Gulf countries and other countries, and it is estimated at about 41 billion dollars and represents the burdens of the Iraq-Iran war era, and is usually mentioned among the total debts before Some international organizations without considering the issue of their settlement and submission to the Paris Club settlements by removing 80% or more.”
The financial advisor to the government explained that "the internal public debt is the largest today and approaches about 50 billion dollars, but it is still a debt exclusively among government financial institutions, and its settlement is considered within the internal economic policies. It is a low-risk debt and its settlement falls within the scope of the institutions of state sovereignty."
He cautioned that "the increase in oil revenues will provide high financial leverage to settle the residual debts, with truly easy options." https://almaalomah.me/2021/12/23/572568/
Hal My wife and I both have foreign currencies, Zim, Dinar, Dong, Bolivar. We'd like to redeem our currencies at the same time, yet have separate/different accounts in each of our names.Possible?? Thank you.
Doug_W GOOD luck
Bobby Cahill DIvy it up, 1 for you 1 for me, and do what ya do. Are you waiting for a "revalue" on all those?
Zig Bobby Cahill : If you click on the name in the post it will show as Hal in your post addressing him....Welcome to the chat Hal
butterfly Iraqi Dinar/US Dollar auction results for Monday 12-27-2021 executed today 12-23-2021
25k Iraqi Dinar notesThe results of the foreign currency sale window Monday 27/12/2021 and executed today
Announcement No. (4555) Sale date – Monday 27/12/2021 and executed today
the details Amount
Total sales for the purposes of strengthening balances abroad (remittances, credits) 162,331,890
Total cash sale 50,810,000 total total sales 213,141,890
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/1182
butterfly A year on the rise in the value of the dollar
Dr. Bilal Al Khalifa 2021-12-23 Dr . Bilal Al-Khalifa || A year has passed since the Iraqi government decided to raise the value of selling the US dollar against the Iraqi dinar, so the selling price of the US dollar was 1182 Iraqi dinars and it became 1460 Iraqi dinars, and it is noteworthy that the official responsible for the exchange value and monetary policy is the Central Bank of Iraq, because it is the one who sells dollars and hard currency to banks and companies Banking and brokers.
After that, Parliament approved the Federal General Budget Law for the fiscal year 2021, No. 23 for the year 2021, which included the exchange rate of the US dollar at the new value, in Article (I-B), and where the objection of some deputies to the exchange rate was rejected, considering that changing the price is not within the powers of the House of Representatives.
Rather, the Central Bank has complete independence in formulating and implementing its monetary policy, according to its new Law No. 56 of 2004, which allowed it financial, administrative and legal independence.
butterfly Where the law stipulates in Article (16-b) as follows: Formulating policies that would achieve the main objectives of monetary policy, including the exchange rate policy, restrictions imposed on the operations carried out by the Central Bank of Iraq in the open market, the interest rate policies that are imposed on the procurement of funds for the banking sector, and all forms and levels of reserves that are required from diaper banks.
However, the Council does not have the authority to join a fixed exchange rate system such as a monetary union or a currency council) • The jurisdiction of the Federal Court over it. As for Article (63-4) a stipulation that the Federal Court does not have jurisdiction over the Central Bank’s procedures regarding the exchange rate, and the text is:
(The court does not have the jurisdiction to review the decisions or procedures of the Central Bank of Iraq regarding the development and implementation of monetary policy, including foreign exchange rate policy). • The relationship of the House of Representatives with the Central Bank of Iraq The Central Bank of Iraq Law No. (56) for the year 2004 stipulated in appointing the governor that he should have " At least a university degree, and he should have long professional experience, and he is specialized in the fields of banking, economics, finance, commercial or law (M 12/1).
He is at the rank of Minister and is appointed upon the proposal of the Prime Minister and the approval of the House of Representatives (Article 13 / A). This means that the House of Representatives has the decisive role in deciding who will manage the Central Bank of Iraq.
butterfly As there is no explicit text about the subordination of the Central Bank to the House of Representatives, but the governor of the bank is in the position of a minister and is treated as a minister, and the House of Representatives can vote on him and hold him accountable as well. Thus, the House of Representatives can hold accountable for deviation or bad decisions, if any, by the Central Bank of Iraq. •
Among the points that are important to clarify here are: The decision came at a request from the Ministry of Finance to the Central Bank of Iraq, it came at the request of the Iraqi government, and this means that the government interfered in the work of the Central Bank of Iraq and this contradicts Article (16-b) that we mentioned above. . The decision was taken between the government and the active political forces. The Iraqi constitution spoke of multiple bodies, some of which linked the executive authority.
butterfly As for the central bank, it is supposed to be subject to a certain authority, especially the parliament, that is, the legislative authority represented by the House of Representatives, because its connection with the government is incorrect and as we have seen in the eras. past.
But a member of the Finance Committee, Rep. Magda Al-Tamimi said on Tuesday 16/3/2021 that changing the dollar exchange rate is not within the authority of the Finance Committee. Everyone noted that the decision left clear damage to important segments of the Iraqi people, especially the middle and poor classes, and this led to an increase in the prices of consumer goods in the local markets and increased the suffering of the simple citizen due to the increase in the value of materials in the local market by 23%, and thus it harmed more than 60% from the Iraqis.
At the time, the Iraqi government had several justifications, namely: 1- Strengthening the financial budget by providing 23% of the salaries of employees who receive salaries from the government, such as retirees and daily wage earners.
butterfly 2- The government could save between 20 to 23 trillion dinars as a result of the decrease in the real value of the employees’ salaries, which rebounded to the benefit of the country’s operational and investment budget. 3- An increase in the size of the monetary reserve in the Central Bank or the maintenance of the current reserve. 4- Supporting industry and agriculture. 5- Reducing sales of hard currency in the banknote auction and thus reducing the exit of hard currency outside Iraq. •
As for the negative aspects of the decision:
1- The rise in overall prices in the country, for example, that real estate prices rose by about 50%, in addition to the fact that some foodstuffs increased their prices by more than 23%.
2- The high rate of unemployment and the level of inflation of large numbers that Iraq has not witnessed since 2003.
3- The annual inflation rate increased by 8% last November compared to the same month last year 2020.
4- Iraqis lost confidence in the government, which was reflected in the rise in consumer prices by a much greater rate than the exchange rate change.
5- The value of the revenues of the Iraqi people in the public and private sectors decreased by 23%
6- The return of the sales rate in the banknote market to its previous era, as the Central Bank announced that sales in dollars for the day 21/12/2021 reached 197 million dollars. •
Discussing Topic 1 - It should be noted that 90% of Iraq's consumer needs are imported, and that the government should have exempted raw materials (which are not available locally) entering the local industry from taxes and customs, thus reducing the burden on the Iraqi citizen.
2 - The increase in reserves by an estimated 15 billion dollars during the current year did not come as a result of the exchange rate change, but rather due to the recovery of oil prices globally, and therefore one of the justifications used by the Central Bank has vanished.
3 - As for the point of support for industry and agriculture, it has two parts. A - Part of the industry is dependent on raw materials that are imported from abroad, and therefore the decision has harmed the local industry. B - The exemption of goods from customs and tax, and I mean the agreement with Jordan, has harmed the local industry and made it unable to compete with the importer.
4 - One of the goals of this decision is to reduce the deficit, and one of the ways of that process is to maximize revenues, especially non-oil revenues, and that repeated exemptions on goods and commodities from composting and tax have violated this goal.
5 - The decision was made by the government and with the approval of most of the political blocs and parliament's approval of the federal general budget, which included the new price, and therefore they are the ones who bear the responsibility for that.
6 - The affiliation of the central bank to the government is incorrect and does not exist, but whether it is subject to the control or supervision of the Iraqi parliament, the issue is not clear and this must be determined. •
The conclusion is that the decision had some benefits for the government, such as raising the hard currency reserve to 64 billion dollars, as well as negatives in the Iraqi economy, such as the rise in inflation to 8.4%, according to a statement by the Ministry of Planning on 12/22-2021, but at the same time it greatly harmed of citizens, who are from the poor and middle classes, and increased in unemployment and poverty. https://burathanews.com/arabic/economic/404833
butterfly After the end of paying the 'bill' for Saddam's invasion, will Kuwait demand other compensation from Iraq?
2021.12.23 - 21:39 Kuwaiti lawyer and former deputy, Suleiman Al-Fazi', confirmed that Kuwait will not demand Iraq again for compensation or financial belongings, after the end of paying the compensation due for the events of 1991.
Al-Fazia said, during his participation with his colleague, SaadounMohsen Damad, and “Nass” (December 23, 2021): “I do not think that the State of Kuwait will demand Iraq again, to pay any compensation, but Kuwait seeks more stability for Iraq, and the achievements of previous governments managed to bring about a rapprochement in the Iraq file.” – Kuwait, where we have reached mutual support, and we have reached a great result in this path.”
He added that "the last four years, there was an important achievement, with regard to the file of Kuwaiti victims, and the delivery of their remains to their country in cooperation with Iraq.
And the Central Bank of Iraq announced, on Tuesday, the completion of the payment of compensation for the State of Kuwait.
The bank stated in a statement, of which “Nass” received a copy, (December 21, 2021), that “the payment of the last remaining installment of the State of Kuwait’s compensation amounting to (44) million US dollars has been completed, and thus Iraq has completed the payment of the full compensation amounts approved by The United Nations Compensation Committee of the UN Security Council pursuant to Resolution No. (687) for the year 1991, with a total of (52.4) billion US dollars for the State of Kuwait.
butterfly The statement indicated that "it is hoped that ending the payment of compensation will contribute to removing Iraq from Chapter VII, as well as its impact on re-integrating the Iraqi banking system with the global banking system and benefiting from the financial abundance that will be achieved."
The legal expert, Ali Al-Tamimi, confirmed, on Thursday, that Iraq has fulfilled all the financial benefits that it accumulated due to the invasion of Kuwait, stressing that this matter has positive repercussions on the economy in the coming years.
Al-Tamimi said in an exclusive statement to "Nass" (December 23, 2021), that "Iraq was placed in Chapter VII of the Charter of the United Nations after entering Kuwait, according to UN Security Council Resolution 666 in 1990, and that this decision came after warnings, warnings and an economic siege imposed On Iraq, then international sanctions came to place it under Chapter VII, which means that Iraq’s character at the international level has become weak, so it is not permissible for it to contract and conclude import and export agreements.
butterfly He added, "Iraq exited from Chapter VII in 2017 under Resolution No. 23/90 - but entered Chapter VI due to the presence of related matters with Kuwait worth 4 and a half billion dollars (compensations), and after it fulfilled these financial obligations, the Iraqi government and its representative at the United Nations must Notifying the Security Council in order for the Council to issue its decision that Iraq has completely completed Chapter VI and VII. https://nasnews.com/view.php?cat=76785
butterfly @Dave There is a good article for ya.
Dave butterflyThanx..... LOL......Iraq could have completed this a while ago.....and now are required to tell the UNSC that they are finally done........seems that they have not been in big hurry
butterfly Dave We, as of this date, don't know if they have told the UNSC.
Dave Figure being Free could force their hands in doing something that they my not be quite ready for?
butterfly The articles are somewhat late in reporting what is going on or has gone on. Again they speak different than we do.
Dave in the coming days......
Dave 1 major benchmark almost completed
butterfly How do we know if all has been completed? We don't.
Dave UN will announce it Check their website
butterfly Holiday season now
Dave You in a Hurry?
butterfly Heck yes
Dave Then the UN tells the IMF.......then they tell the WTO......then they tell....customs....then they telll....
butterfly on and on and on lol
Dave Sorry......
Dave Next benchmark 26th....with Courts.........make it or break it.....
butterfly Remember the articles saying that Iraq would pay Kuwait, final payment, in 2022. Bam we read articles that they paid them off without a warning.
Dave Have yet no GOVT to inform UNSC that they be out of CH7
butterfly That we know of.
Dave Interim.....
Dave cant make major decisions
Dave If Sadr can find another 91 non corrupt MPs.........Things could go down quickly......but Maliki is not going down without a fight is my worry
Dave Egad.......sounds vaguely familiar
butterfly Sadr won't put up with shit from Maliki
Dave recollect when sadr refused to bathe due to Maliki's games?
Dave went a few months i seem to remember
Dave butterfly Allawi Barzani Amiri etc all on SADr's hit list
butterfly He has always been a mean *
Dave will have some teeth if he can get another 91 mps
Dave Sadr has made his intensions clear.....going after ALL corrupters....
Dave included in that White Paper.......Everything they require to get er done......
Dave My question Can Sadr find 165 non corrupt Mps????
butterfly Never! All governments have corruption.
Dave butterfly not paid billions and billions
Dave butterfly yeah had a bald politician claimed 125.00 fer his haircuts......
Dave butterfly Even better.......Once Fully out of CH7......the COI can now get that 280-350 billiion usd out of those frozen foreign accounts
Dave fergot that.......Wippy......
Dave Figured a whoopow on that one.....oh well over quadrupling CBI's reserves sounds nice enough
Dave that would help out with Kaps 100 trillion.......
Dave add that to CBI's gold and current reserves would add up to about 500-600 trillion IQD????
Bobby Cahill Those are some whacky numbers lol
Dave did not even require a calculator
Bobby Cahill Apparently
Dave just alittle something to chew on
Dave numbers work????
Bobby Cahill Not those. Iraq's funds have already been released per CH VII
Dave COI's frozen 350 billion not yet released?????
Bobby Cahill That's where the Oil for Food and Development Fund for Iraq come into play. Now the monies smuggled since 2003 could be in the bil;lions but that needs to be adjudicated 1st
Bobby Cahill what 350 billion?
Dave COI mentioned several weeks ago that they could not touch that money until out of CH7
Bobby Cahill Iraq did say billions would be saved but that's because they no longer have to deduct from monthly oil revenue
Dave COI....has frozen money
Dave Thats different
Bobby Cahill No the money held back was from those 2 funds which were already released
butterfly https://www.washingtonpost.com/archive/politics/2003/03/21/us-seizes-14-billion-in-frozen-iraqi-assets/98cbb395-ec84-422e-b825-7a864eea340d/President Bush ordered the Treasury Department yesterday to seize more than $1.4 billion in Iraqi government money frozen in U.S. banks since 1990.
The money, plus an additional $600 million frozen by Britain and 10 other countries, will be used to help defray the costs of rebuilding Iraq after Saddam Hussein's regime is toppled, Treasury Secretary John W. Snow said in announcing Bush's order.
Snow said the United States has also asked other countries to freeze Iraqi assets so they can be used to help with the rebuilding. And he said Treasury has launched "a worldwide hunt" for an estimated $6 billion the United States believes Hussein, his family and aides obtained through kickbacks and illegal oil sales and have stashed in concealed accounts. This money would also be used for humanitarian aid in a post-Hussein Iraq........................an article from 2003
Bobby Cahill If Iraq wants those 100's of billions, they need to get it adjudicated . Those are the moveable and immovable assets
Dave the Integrity commission of Iraq has ear marked frozen accounts which was illegally obtained
Bobby Cahill Yes and those monies went into the Development Fund for Iraq
Bobby Cahill Yes and that starts the process of adjudication
Bobby Cahill so 2 different sets of monies
butterfly https://thearabweekly.com/tehran-says-iraq-release-125-million-frozen-funds-vaccines DUBAI – Iraq has agreed to transfer $125 million of frozen Iranian funds to a European bank for the purchase of 16 million COVID-19 vaccine doses, Iranian Energy Minister Reza Ardakanian was quoted as saying by state media on Saturday. Iranian energy ministry asserts the payments would go towards the purchase of vaccines from the World Health Organisation-sponsored global COVAX vaccine-sharing plan, state news agency IRNA reported. Monday 31/05/2021
Bobby Cahill Iran's gonna be happy :)
Bobby Cahill Iraq owes Iran billions
Bobby Cahill Notice it's not CASH
Dave COI just mentioned a few weeks ago.....money has been adjudicated and could not touch it until being removed from CH7
Bobby Cahill Ok
Dave you mean OK???LOL
Bobby Cahill lol I'll just leave it at ok
Dave butterfly you posted that one
Bobby Cahill I just don't know where those monies are coming from. US? UN?
Dave COI managed to seize some accounts
Bobby Cahill If the UN has it, it should have a name just like the Oil for Food, or in the US matters, Development Fund for Iraq
Dave Much of it was in Jordan
Bobby Cahill cool bring it in and lets check it out
Dave Bobby Cahill Had nothing to do with the UN
Bobby Cahill Ok but they'll receice 100's of billions?
Bobby Cahill was it 350?
Bobby Cahill Anyays it's Christmas and I'm sitting in 75 degree weather.....sucks
Dave Bobby Cahill we may get some snow fer Xmas
Dave Bobby Cahill Dang cant find those articles......
Dave butterfly ?
Bobby Cahill It's all good. Those numbers will throw ya for sure. We do know that an estimated 150 billion USD has been smuggled since 2003. Any assets prior to 2003, Sadam era, will be frozen forever lol He screwed a lot of people and those people have their claws in any funds
butterfly Dave what do you want? I am busy trying to get these afghans done for my great grand children.
Dave COI managed to seize a bunch of looted funds 280-350 billion usd....
Bobby Cahill you can reserch it if ya want
butterfly I think we all should take a deep breath and let it go for awhile bc it will happen. WE will all know at the same time, maybe a day late, like most of the articles, but WE all will know.
Bobby Cahill butterfly There ya go. Sit back n relax
Bobby Cahill I'm not trying to be confrontational, just adding to the conversation
butterfly Bobby Cahill yup that is me. Take a lot of ruffle my feathers or should I say my "angel" wings.....lol.....
23 Dec 21, 04:46 PM butterfly I can see the ones that can't stand me, are throwing up in their mouths about the "angel" wings comment. LOL
Bobby Cahill butterfly :Drinking:
Dave No problems....I am like you Show ME.....
butterfly We can beat ourselves up trying to figure this all out.
Bobby Cahill This investment is like the old high school cliques. You're either in, or you're out lol There is no in between
butterfly As Graham from silvergreets said, it will be international news when it happens. NO ONE will know ahead of time.
Dave Nuts......
butterfly I do find the latest articles quite interesting.
Bobby Cahill The fun part is figuring out can they :)
butterfly As with Kuwait being paid off.............no one knew.........as they said they would pay them off in the first quarter of 2022
Bobby Cahill I should've said can they in certain people's timelines lol
Dave butterfly Would be nice to have some moral support from you sometimes>>>>>>hehe
butterfly I will flap my wings your way Dave
Dave at least no broom
Dave https://www.mawazin.net/Details.aspx?jimare=166841
Dave found 1 article Bobby Cahill
Dave still cant find the one mentioning being out of Ch7 to recover it
Bobby Cahill Dave There ya go. Now again those are the smuggled funds and why it's important that Parliament tackles it. The hard part is tying the finances and that's why Iraq going Digital is so important from here on in. Good stuff
Bobby Cahill This is the part about adjudicating those funds ........The presidency stressed on "contracting with solid international investigation companies in order to investigate Iraq's money smuggled abroad and its revenues," pointing out the need for "the financial institutions, the Central Bank of Iraq, tobe notified of lists prepared with financial transactions whose value exceeds 500 thousand US dollars to conduct investigations about them."
Bobby Cahill Ya don't just ask a Bank for those monies and they give em to you. They will need a Court Order to do so
Bobby Cahill the immovable (property etc) will be much harder
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Zig’s Place Chatroom News Thursday AM 12-23-21
.Zig’s Place Chatroom News Thursday AM 12-23-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly The Italian Foreign Minister makes two official visits to Kuwait and Iraq
Wednesday 22 December 2021 23:56 The Italian government said that Foreign Minister Luigi Di Maio will make two official visits to Kuwait and Iraq tomorrow, Thursday. And the government explained - according to the Italian news agency (Aki), "that Di Maio's visit includes inspecting the Italian battalion at Al-Salem base in Kuwait and congratulating them on Christmas."
Zig’s Place Chatroom News Thursday AM 12-23-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly The Italian Foreign Minister makes two official visits to Kuwait and Iraq
Wednesday 22 December 2021 23:56 The Italian government said that Foreign Minister Luigi Di Maio will make two official visits to Kuwait and Iraq tomorrow, Thursday. And the government explained - according to the Italian news agency (Aki), "that Di Maio's visit includes inspecting the Italian battalion at Al-Salem base in Kuwait and congratulating them on Christmas."
Di Maio will also meet, in Baghdad, with President Barham Salih and Prime Minister Mustafa Al-Kazemi, in addition to his inspection of the Italian military battalion in Iraq within the North Atlantic Treaty Organization (NATO) mission, and he will meet with the President of the Kurdistan Region, Nechirvan Barzani. https://ninanews.com/Website/News/Details?Key=946399
butterfly Dhi Qar governor resigns
Thursday 23 December 2021 01:37 The Governor of Dhi Qar, Ahmed Ghani Al-Khafaji, submitted his resignation from his position to Prime Minister Mustafa Al-Kazemi.
The media office of the governor of Dhi Qar stated in a statement: "The governor, Ahmed Ghani Al-Khafaji, submitted his resignation from the position, to Prime Minister Mustafa Al-Kazemi, out of his concern for the public interest, and in order to provide security and stability and preserve the interests of the citizens of this province."
He added: "As the governor apologizes to all the sons of Dhi Qar for any shortcomings, he wishes them and all our honorable Iraqi people a happy and stable life always." https://ninanews.com/Website/News/Details?key=946403
butterfly Dec 22, 2021, 11:39 AM US completely withdrawn forces from Al Harir airbase in Iraq ,,,,,,,,,,,,,,,, Major General Tahsin al-Khafaji, Spokesman for Iraq Joint Operations Command stated that international coalition forces have fully withdrawn Al Harir airbase in Erbil, Iraq’s Kurdistan region, according to Syrian Official State News Agency (SANA).
There is currently no international coalition combat force at the airbase. He stated that the withdrawal of troops from Iraq has been without any problem.
He went on to say that these forces would complete their withdrawal from Iraq by the end of the current year, emphasizing that only a number of advisers will remain in Erbil, Iraqi Kurdistan region who have been tasked with advising in the field of counter-terrorism.
Al-Khafaji further noted that these advisers will be stationed at Ain al-Assad and Al Harir airbases.
He had previously announced that US combat troops have completed their withdrawal from Ain al-Assad airbase in Anbar province.
According to the Iraq-US agreement on strategic talks, all foreign combat troops must leave Iraq by December 31, 2021. https://en.mehrnews.com/news/182067/US-completely-withdrawn-forces-from-Al-Harir-airbase-in-Iraq
butterfly Iraq pays last instalment of Kuwait invasion reparations
Posted on December 22, 2021 BAGHDAD,— The Central Bank of Iraq announced on Tuesday that it had paid the final installment of compensation to Kuwait for the Baathist regime’s invasion of the country in 1990.
According to Iraqi News Agency, citing a central bank statement, the installment was $44 million.
The statement said “the payment of the last remaining installment of the State of Kuwait’s compensation in the amount of 44 million US dollars has been completed, and thus Iraq has completed the payment of the full amounts of compensation approved by the United Nations Compensation Committee of the Council of International Security under Resolution (687) of 1991, with a total of $52.4 billion US dollars for the State of Kuwait.”
“It is hoped that ending compensation payments will contribute to Iraq’s removal from item VII, as well as its impact on reintegrating the Iraqi banking system into the global banking system and benefiting from the financial abundance that will be achieved,” the statement added.
The Iraqi invasion of Kuwait was a military operation carried out by Iraq on August 2, 1990, in which it invaded Kuwait, resulting in a seven-month Iraqi military occupation of the country. The invasion and Iraq’s subsequent refusal to withdraw from Kuwait by a UN-imposed deadline prompted a direct military intervention by a UN-authorized coalition of forces led by the United States.
The first Gulf War erupted as a result of these events, with Iraqi troops being forced to flee Kuwait and the Iraqis setting 600 Kuwaiti oil wells on fire during their retreat. https://ekurd.net/iraq-pays-instalment-kuwait-2021-12-22
butterfly Over 150 artifacts discovered in Nahrawan, Iraq
IraqiNews December 22, 2021 Baghdad (IraqiNews.com) – The Director of the Department of Investigation and Excavations, Ali Shaghlam, announced that 160 artifacts have been found in the archaeological excavation mission in Nahrawan, Iraq.
These items were from great empires that existed over two thousand years before modern-day Iraq. Shalgham pointed out that the artifacts date back to the Parthian Empire (247 BC to 224 AD) and Seleucid Empire (312 BC to 63 BC) eras. The ancient items include jars, pots, glass bottles and ivory.
The rare pieces were handed over to the Iraq Museum in Baghdad. https://www.iraqinews.com/iraq/over-150-artifacts-discovered-in-nahrawan-iraq/
butterfly Exeed automaker set to debut in Iraq
IraqiNews December 22, 2021 Baghdad (IraqiNews.com) – Exeed, premium automobile brand under Chinese automaker Chery, is set to debut in the markets of the Middle East Region. Iraq, Saudi Arabia UAE, Kuwait, Qatar, and Bahrain will be the first among many to welcome the new addition.
Exeed is a new entrant in the global high-end automobile market, debuting in Russia earlier this year and awarded the distinction of “Breakthrough of the Year” by Russian media. Exeed inherits the essence of the century-old European automobile industry and incorporates the latest intelligent technologies, putting it in a strong position to challenge traditional brands. More in this article: https://www.iraqinews.com/business/exeed-automaker-set-to-debut-in-iraq/
Butterfly Al-Fili: The Rise In The Exchange Rate Of The Dollar Seriously Harmed The Poor
Economic Last Update 12/23/2021 | 12:52 PM Member of the Economy and Investment Committee in the dissolved Parliament, Mazen Al-Faili, confirmed, on Thursday, that the decision to raise the dollar exchange rate seriously harmed the poor, noting that the decision to raise the exchange rate was a government decision.
Al-Faili said in a statement to "Al-Maalouma", that "the effects of the decision to raise the exchange rate of the dollar are still continuing, as it caused great harm to a large segment of the poor."
He added that "despite the significant increase in Iraq's oil exports and financial revenues, a large percentage of citizens are still facing worsening living crises as a result of the rise in the dollar exchange rate."
Al-Faili pointed out that "there is a clear economic contraction, and the government and the central bank must retreat from the exchange rate immediately."
The former Parliament Presidency advisor, Hammam Al-Shamaa, had previously described the decision to change the dollar exchange rate as an economic setback, indicating that the decision caused an increase in poverty and unemployment rates and ended the existence of the Iraqi economy in the first place. https://almaalomah.me/2021/12/23/572459/
butterfly The “non-withdrawal of US forces” gives the Iranian-backed militias new life in Iraq
It is possible that the failure of the US forces to withdraw completely from Iraq by the end of the year will lead to the revival of the armed Shiite factions backed by Iran, according to the "Middle East Eye" website.
Politicians and security leaders told the site that the factions, weakened under pressure, can reassert themselves on the political and security scene as the December 31 deadline for withdrawal passes, through renewed attacks on American targets and escalation of hostile rhetoric.
An informal truce began in November 2020 between the factions and the United States, with Iranian-backed groups promising to call off their attacks until the new year and asking all US forces to leave by then.
In late July, the Iraqi government said it had entered into an agreement with Washington to withdraw US combat forces by the end of 2021, but on the ground, it has become increasingly clear that the US is redeploying its forces, rather than withdrawing.
The website indicated that the armed factions, led by "Asa'ib al-Haq" and "Kataeb Hezbollah", have announced that they will resume their military operations from the first of next January, and all American interests in Iraq will be targeted, including military sites and diplomatic headquarters. all over the country.
butterfly The Iraqi security authorities said that a Katyusha missile attack targeted, on Sunday, the US embassy in Baghdad, without causing any casualties.
Iran-backed factions have reportedly reached their lowest levels at the moment, and the factions' performance was disappointing in the October parliamentary elections, and the factions came under pressure after they were accused of trying to assassinate Prime Minister Mustafa al-Kadhimi in November.
The elections in particular have deepened the differences between the faction leaders over their orientations, and the fortunes they gain from various illicit and legitimate projects.
Politicians and leaders of armed factions said that the "Iraqi government's manipulation of vocabulary" in the so-called withdrawal, and its failure to demand a proper American exit as promised, has brought these factions back to the fore and strengthened their position.
A prominent Shiite politician close to Iran revealed to the site that Tehran stood watching the factions and refrained from interfering, and did not provide assistance to them, but unfortunately, in the words of the report’s writer, Souad al-Salihi, “Al-Kazemi’s game” helped to indirectly strengthen the position of the factions as it returned them to The interface as a major player in the political and security scene.
butterfly The preliminary results of the elections gave the armed factions only about 20 seats in parliament, a number far from the movement of the cleric Muqtada al-Sadr, which emerged victorious by about 74 seats.
These results are still in dispute, due to protests by armed factions, whose calls to cancel the elections due to alleged fraud were ignored, and legal complaints and calls for a recount of votes provided time for the factions to rearrange their cards and impeded al-Sadr's attempts to form a government.
In fact, there is no real American withdrawal from Iraq, despite Al-Kazemi repeatedly declaring that the “withdrawal of American combat forces” is a victory for his government, as the United States does not classify its forces in Iraq as “combat” or “non-combat” and what is actually happening is a re-run Deployment of forces, according to what was stated in the report. https://rawabetcenter.com/archives/139783
butterfly https://rawabetcenter.com/archives/139783
butterfly Raisi: US leaving Iraq due to resistance of Iraqi people
December 23, 2021 President Raisi made the comment in a Thursday meeting with the visiting Iraqi Foreign Minister Fuad Hussein.
Raisi also said the Islamic Republic has always supported a strong parliament and government in neighboring Iraq.
The president expressed pleasure at the safe parliamentary vote in Iraq, saying protest against elections may happen in any democracy and what matters is that authorities investigate objections to polls in a legal manner.
Raisi said, “We consider any insecurity in Iraq as insecurity in Iran”. He added that threatening Iraq’s stability is not acceptable and Iran’s policy is to support stability in Iraq.
The Iraqi foreign minister also thanked Iran for its decisive support of stability in Iraq. He said Iraqis have always been appreciative of Iran’s support for their government and stability in their country.
Earlier, Fuad Hussein and his Iranian counterpart Hossein Amir Abdollahian took questions at a news briefing.
Amir Abdollahian said Iraq has proved historically that it is not a country that can be occupied.
He added that on the second anniversary of the assassination of General Qassem Soleimani and his Iraqi companion Abu Mahid al-Muhandis, he received the good news of the US’s definite withdrawal from Iraq.
Amir Abdollahian also said a joint judicial committee formed by Iran and Iraq will pursue the terrorist act.
The Iranian foreign minister said Tehran is ready to allow Iraqis visa-free visits to Iran and that the top Iraqi diplomat will also pursue the issue in Baghdad. https://ifpnews.com/raisi-us-leaving-iraq-due-to-resistance-of-iraqi-people
butterfly Kuwait’s compensation file awaits complete closure.. UN meetings are expected
2021-12-23 | 02:59 Kuwaits compensation file awaits complete closure.. UN meetings are expected Alsumaria news The Chairman of the Committee of Financial Experts, Abdul Basit Turki, received an invitation to attend the meetings of the Compensation Committee at the United Nations, on February 9th, related to the invasion of Kuwait.
Turki said in an interview with Alsumaria News, today, Thursday, that “the invitation sent by the head of the Compensation Committee to the UN Security Council, Irene, referring to him, included a mention of the possibility of holding side meetings, before starting the work of the sixteenth special session of the Compensation Committee Board of Directors in Geneva on February 9 of next year.
He added that the meetings to permanently close the compensation file will start next February.
Turkish called Ministry of Foreign Affairs And the concerned authorities to “draft a draft resolution that includes the output of Iraq fully from the provisions of Article VII of the Charter of the United Nations, stressing the need for the upcoming resolution to provide for “protection of Iraq from any claims related to the compensation of the Kuwait war, whether it is individual claims or the filing of cases related to compensation.” He also called for “the annulment of all decisions that resulted from the Kuwait war.”
butterfly And last Tuesday, it was announced Central Bank of Iraq In a statement received by Alsumaria News, “Completing the payment of the last remaining installment of compensation Kuwait amounting to (44) million US dollars, thus Iraq I have paid the full amount of compensation I approved United Nations Compensation CommissionAffiliate ‘sUN Security CouncilAccording to Resolution No. (687) for the year 1991, with a total of (52.4) billion US dollars forKuwait”.
Chapter VII of the UN Charter provides for “coercive measures” if peace is threatened, ranging from economic sanctions to resort to force.
Chapter VII allows pressure on a country to compel it to abide by the goals it has set Security Council, before coercive measures are applied.
and was founded Committee of Financial Experts Based on a decision of the Council of Ministers, on the recommendation of the United Nations, to replace the International Advisory and Monitoring Board, which was formed by the Vice President of the World Bank, the Vice President of the International Monetary Fund, and a representative of the International Resolution No. The Arab Economic and Social Development Fund, headed by the United Nations Financial Assistant, who later replaced it Abdul Basit Turki.
The UN Compensation Committee was formed in 1991, obligated Baghdad to pay $ 52.4 billion in compensation to individuals, companies, governmental organizations and others who incurred losses resulting directly from the invasion of Kuwait.
and stop Iraq It stopped making payments in 2014 during the war on ISIS, which controlled large parts of the country, but resumed payments in 2018.
butterfly It is noteworthy that the Development Fund for Iraq and the subsequent account was established by virtue of a decision Security Council No. 1483 on May 22, 2003, to manage the revenues of crude oil and oil products exported from IraqThe remaining balance is from the Oil-for-Food Program and the receipts from frozen assets from the previous regime.
The fund consists of bank accounts with the US Federal Bank in New York, which are managed byCentral Bank of Iraq On behalf of Ministry of Finance, which has an account with the Iraqi Central Bank numbered 300600 (the subsequent account), which was opened in 2014.
According to a Security Council resolution, Referred to in the above, 95 percent of the receipts from exports of oil, oil and natural gas sales must be deposited in the fund, while 5 percent is transferred to the account of the United Nations Compensation Fund, in accordance with Security Council Resolution No. 687 in 1991 and subsequent resolutions.
This fund constitutes a source of financial financing forMinistry of FinanceWhere money is transferred from the fund to accounts Ministry of Finance Subsidiaries are then distributed to state ministries and institutions, according to the budget allocated to each of them, in addition to using them to pay foreign debts and cover the costs of credits and other foreign transfers. alsumaria.tv
butterfly For the sake of the banking system.. Kuwait: Iraq handed over the last batch of compensation before it was due
Posted, 2021-12-23 22:14 For the sake of the banking system.. Kuwait - Iraq handed over the last batch of compensation before it was dueShafaq News/ Kuwait announced that Iraq delivered the last batch of compensation amounting to 44 million dollars before it was due.
The Kuwaiti Al-Rai newspaper, quoting officials, reported that “Iraq paid the last payment of $44 million to complete the remaining $629 million for Kuwait, revealing that the amount returned from the deduction from oil sales amounted to about $585 million, and the remaining 44 million, so the Iraqi government decided to pay The remaining amount instead of waiting for the next quarterly withholding payment to be due, in the spring of 2022.”
She added that “the Iraqi government wants to achieve two goals, the first is a message of friendly signal to Kuwait of its commitment to implement its commitments, and the second is to re-integrate the Iraqi banking system with the global banking system.”
And she indicated that “the United Nations Compensation Committee will hand over to Kuwait the last batch of compensation due to it from Iraq at the end of this month or the beginning of next January at the latest, indicating that the committee will meet next February to issue its own report that Iraq has fulfilled all its obligations in terms of paying the prescribed compensation claims. It is complete for Kuwait.
In accordance with Security Council resolutions, the percentage deducted from the proceeds of export sales of oil and its products was 5% in 2003, then it decreased to 0.5% in 2018, and then rose to 1.5% in 2019, to stabilize since 2020 at 3%.
butterfly In 1991, a UN Compensation Committee was formed, obligating Baghdad to pay $52.4 billion in compensation to individuals, companies, governmental organizations and others, who incurred losses resulting directly from the invasion and occupation of Kuwait.
On November 21, 2021, the Central Bank announced the payment of the last batch of compensation to Kuwait amounting to (44) million US dollars, expressing the hope that the termination of the payment of compensation would contribute to removing Iraq from Chapter VII. shafaq.com
butterfly Surprisingly, the Commission “disabled” the Federal Court’s decision on Al-Amiri’s appeals
2021-12-23 07:42 Surprisingly the Commission disabled the Federal Courts decision on Al-Amiris appealsShafaq News/ An informed political source revealed, on Wednesday, the “real” reason that prompted the Federal Court to postpone its decision regarding the lawsuit filed by the leader of the Al-Fateh Alliance Hadi Al-Amiri, demanding the annulment of the election results.
The source told Shafaq News Agency, “The failure of the Electoral Commission to answer the technical questions sent by the Federal Court was the main reason behind the postponement of the decision session to next Sunday.”
He added that “the Electoral Commission has been procrastinating in not sending the answer to the appeals, due to the presence of real legal violations, including the failure to disclose the content of the examiner’s report, along with other technical details that would greatly change the announced results.”
And the Federal Supreme Court in Iraq had announced the setting of December 26, 2021 as the date for the issuance of the decision by the Federal Court regarding the lawsuit filed by the leader of the Al-Fateh Alliance Hadi Al-Amiri, demanding the annulment of the results of the early parliamentary elections, after hearing the last pleas and requests of the two fallen parties.
butterfly Al-Amiri gave his testimony in the Federal Court session held on Sunday morning, 22/12/2021, before the judges of the Federal Court, in which he reiterated his position against the election results.
On the tenth of last October, Iraq held early legislative elections to get out of a political crisis that swept the country after large demonstrations in the central and southern regions in 2019 in protest against the widespread unemployment in society, the spread of financial and administrative corruption in government departments and institutions, and the deteriorating service reality And Al-Maaishi, which prompted the former prime minister, headed by Adel Abdul-Mahdi, to resign under popular pressure. shafaq.com
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Zig’s Place Chatroom News Wednesday PM 12-22-21
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Butterfly After a two-year hiatus.... the Safwan border port between Iraq and Kuwait officially reopened to the movement of trade and travelers -- Wednesday 22 December 2021 Today, Wednesday, the Safwan border port between Iraq and Kuwait, southwest of Basra, was officially opened to trade and travelers, after a two-year hiatus due to the outbreak of the Corona virus.
The director of the Safwan border crossing, Brigadier Ali Al-Maliki, said in a press statement, "The port has been equipped with the cadres and supplies required to receive commercial vehicles and travelers.
Zig’s Place Chatroom News Wednesday PM 12-22-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly After a two-year hiatus.... the Safwan border port between Iraq and Kuwait officially reopened to the movement of trade and travelers -- Wednesday 22 December 2021 Today, Wednesday, the Safwan border port between Iraq and Kuwait, southwest of Basra, was officially opened to trade and travelers, after a two-year hiatus due to the outbreak of the Corona virus.
The director of the Safwan border crossing, Brigadier Ali Al-Maliki, said in a press statement, "The port has been equipped with the cadres and supplies required to receive commercial vehicles and travelers.
https://ninanews.com/Website/News/Details?key=946306
butterfly More than 1% rise in oil prices - Wednesday 22 December 2021 Global oil markets witnessed a rise of more than 1% after crude stocks in the US strategic reserve fell to the lowest level since November 2002.
Brent crude rose by about 1% to trade above levels of $74 per barrel.
Texas crude also rose more than 1% to trade above $72 a barrel https://ninanews.com/Website/News/Details?key=946352
Dave butterfly Interesting to read that Iraq one moment out of CH7......Then out then In...... https://www.un.org/securitycouncil/sanctions/information
Dave suppose UN and other nations have yet to update their websites?
butterfly Dave LOL yup Holiday here and nothing, almost, gets done.
Dave found this....https://www.un.org/Depts/oip/cpmd/authenticated-goods.html
Bobby Cahill Harb told Shafaq News Agency, “Chapter VII was lifted several years ago, and what has now ended with regard to the debt committee that was based on Chapter VII by deducting sums from Iraq,” noting that “Iraq after exiting Chapter VII was able throughout The past years of buying weapons and the process of trading in all things, and thus the completion of the payment of compensation, has nothing to do with Iraq’s exit from Chapter VII.
Dave https://www.un.org/Depts/oip/cpmd/authenticated-goods.html
Dave Iraq can trade but under the watchful eye of the UN......
Bobby Cahill ok how's that work?
butterfly There has been a lot of trading going on and I have not posted those articles.
Dave Bobby Cahill AMOST>>>>>hehe????
butterfly Iraq is bringing in a lot of "investors"
Dave MOU's
Bobby Cahill I've seen a lot of Trade Articles over the years. Gotta remember CH VII was against the old regime
butterfly Kuwait even opened up
Dave potential investors
Dave butterfly fer tourists.......
butterfly no no Dave they have given money
Dave through the UN......?
butterfly Maybe I should not post articles for a few days
Dave butterfly read that article i posted?
butterfly why - Everything is good and it is moving forward.
Dave trade to Iraq requires authorization through the UN
Bobby Cahill Show us that Dave
Dave \https://www.un.org/Depts/oip/cpmd/authenticated-goods.html
butterfly be back company has arrived
Dave https://www.un.org/Depts/oip/cpmd/authenticated-goods.html
Bobby Cahill That just tells how Iraq operates - Saudi delegation in Iraq to sign trade and economic agreements -- Anyways.....Merry Christmas. Have a great evening
Bobby Cahill I apologize I skimmed over that UN thing and just realized that was the Oil for Food Program which partially ended in 2003 and again in 2009 as a part of CH VII. My bad
Dave Bobby Cahill Forgiven......This time!
Bobby Cahill So zero relevance - Ok thanks lol
Dave Bobby Cahill Trade their requires alot of red tape.....?
Bobby Cahill Well they have to have something to Trade 1st. They have exported fruits and stuff -- Aside from Oil that is. The Ministers make all their money on Imports
Dave Bobby Cahill uber rich ministers
Bobby Cahill That's the scary part coming up as far as forming a goi How will Sadr distribute the Ministers
Dave Interesting maliki making his rounds with all those Uber Rich politicians...
Bobby Cahill And how will they be bargained for - Maliki will get his share for sure
Dave lol
Bobby Cahill We just need to see what direction Parliament will take
Dave parliament???????lol
Bobby Cahill Then we wait and see those numbers change. So nothing anytime soon for sure
Dave thought they exceeded thier time limits on appeals to the Court
Bobby Cahill I saw someone say the next 5 days are pivotal for all of us. That makes no sense as far as this investment - The Appeals can go forever lol See what happens the 26th - For now Iraq is in a Constitutional vacuum
Dave difficult to figure out the news from Iraq......let alone Guru banter
Bobby Cahill The News is the easy part
Dave Supplemental or Interim seems to be working out so far....lol
Bobby Cahill There are 3 to 4 options on this and we can still make a profit
Dave We be but the messengers.........Iraq.."in the coming days"...........
Bobby Cahill Since 2003 lol
Dave I do try........No idea on that Guru stuff........
Dave Bobby Cahill My wife does not know that I hold IQD......
Bobby Cahill Not a bad idea right there. Most run down the road with their hair on fire saying "It's happening, it's happening" I've told 2 people outside these forums
Dave was going to surprise her over a decade ago with a diamond Rolex......
Dave Bobby Cahill Christ gave all to the POOR........Churches big in the Humanitarian sector...?
Bobby Cahill Yeah there have been people talk about the Humanitarian side to this and I applaud that for sure but that's what fuels this is the possibility of fulfilling dreams. Well that and the simple fact of what money does to people
Dave Ironic how little has changed in Iraq since those IQDTEAM days.....getting closer???????
Bobby Cahill Well once we see those 4 numbers, oil dependency, salaries %, ease of doing business and transparency ranking improve, maybe. They've had a National Development Plan that talked about a 60/40 and a possible 70/30 split btwn oil and non oil revenue as being ideal. For now they are still in the 90 percentile
Bobby Cahill That and we also need Political, Monetary, Political and Social stability
NORV I have met many wonderful people over the years, unfortunately many are naive. I hate to see them lose everything or die waiting for a pie in the sky investment that is not a lotto ticket.
Dave Keeping my lotto tickets
NORV I don't spend the time like I used to anymore commenting or researching topics. Much of the BS has already been debunked or authenticated.
Dave NORV Never received a link from you...esp from CBI.....
Bobby Cahill Dave here's a link from a very reliable source that talks about it........
Bobby Cahill https://www.washingtoninstitute.org/policy-analysis/state-collapse-mapping-iraqs-economic-woes
NORV Dave you dont need anything from the CBI. the facts dont make sense or add up. Iraq is only worth $16 trillion and you think they can RV with 100 trillion dinar in circulation? use some simple logic Dave
Dave Bobby Cahill AGREE......
Dave NORV16 trillion I question
Bobby Cahill .from that piece.......This has caused the financial sector to lose nearly 50 trillion dinars of the money supply in circulation, which is frozen because it is confined in the homes of the depositors, preferable to any risk of capital.
Dave Iraq has done little in Exploration of assets since the early 90s
NORV Then you are challenging Saleh reputation
"Saleh explained that Iraq, which is the ninth country in the world in terms of natural resources buried underground, and those resources are estimated at 15-16 trillion dollars, whether in oil, phosphates, sulfur, silicon and other important ores, and that Iraq is one of the most regular and distributed countries in the world. "
Bobby Cahill Now also consider the State Banks control over 80% of all the money in circulation. Not a good thing for sure
NORV LINK
Dave NORV ENGLISH?
Bobby Cahill Exploration....... They were suspended from EITI for screwing up their resources
NORV Get a translator plug in Dave
Bobby Cahill a new report just came out last night which told me Iraq is no where close to making good use of their resources, including Oil
Dave Bobby Cahill Worked in the Oil Exploration Sector
NORV 2020/02/22 14:23 number of readings 3543 Section : Iraq
Bobby Cahill I use the term re denomination, but pretty much the same thing
Dave alot of currency to purchase anything
Dave each coin will cost a nickle or more to mint
Bobby Cahill well that's the hesitancy for Iraq is the cost of printing. For now they are getting by but at some point they need to make that decision. Don't forget they also need that suitable environment for that as well. So yeah nothing soon
Bobby Cahill If they re denominate, our currency will still have the same rate at today's market. Our question will be how do we exchange?
Dave never said they were close to bein ready
Bobby Cahill My bad I wasn't insinuating you meant that
Dave Bobby Cahill avoid tax man take a few notes to Airport kiosk
Bobby Cahill Yeah the dealers maybe our only "out"
Dave if global will exchange...
Bobby Cahill But then they will have to decide how to sofetn the blow to their capital
Dave 10 yr redemption period
Bobby Cahill They don't have to take this currency global in order to re denominate
Dave banks will keep it in reserve like rupees pesos etc
Bobby Cahill redeem where is the question lol
Bobby Cahill Why keep a currency that isn't international as a reserve?
Bobby Cahill That's where some think this currenct IQD is a reserve currency. It's not
Dave Bobby Cahill always been able to get foreign currency from my bank
Dave \ Bobby Cahill exotic our banks wont touch it -- never have
Bobby Cahill Oh they'll sell it to ya and they'll also buy it back. Can we say the same for the IQD? Now some Banks dealt with it but do but not a lot to my knowledge
Bobby Cahill I saw something about a Bank called 5/3 or something like that
Dave Bobby Cahill No bank in Canada...EVER!
Bobby Cahill Maybe out of Chicago? No Bank here deals with it
Bobby Cahill I need an out for this stuff and the only one so far are currency dealers
Bobby Cahill I'm not out of it, just need an out in case
Dave Bobby Cahill Ebay
Bobby Cahill Well once you take away that "hope" of a revalue, this stuff will sink faster that Biden's approval rate
Dave Happy with a nickle ....may take 2 cents
Bobby Cahill Both would take a miracle lol
Dave White Paper passes everything in the coming days.........cant hurt to be optimistic
Bobby Cahill White Paper did a little magic in 2021. Let's see if they continue in 2022
Dave my crystal ball is broken.......
Bobby Cahill First we wait to see who will lead Iraq
Dave pissed that the Fed court postponed until the 26th
Bobby Cahill Will they accept the currenct Budget and the White Papers? They've told us the 2022 Budget is set for a vote
Dave need a vote first........who votes?
Bobby Cahill They'll adopt the 1/12 ideology until we see a new budget so basically they will be "getting by"
Bobby Cahill Well the COM already accepted it, now we wait to see what Parliament does to it. In the past they've butchered it
Dave call taht a another supplemental, budget
Bobby Cahill kinda sorta lol -- This current Budget expires Dec 31st
Dave KINDA sort OF....invest in that...LOL
Bobby Cahill Yeah lol
Dave Doubt CBI follows sort of.........
Bobby Cahill Their hands are tied until they see a new cabinet and Budget - Now they do have Capital as far as lending -- But within that examination of Iraq's Banking Sector tells us, their loan to debt ratio is wayyyyyyyyy out of whack
Dave CBI doing their job
Bobby Cahill CBI is but the Banks are not
Bobby Cahill Give CBI full control and we may see changes
Dave no people banking.....pulling dinar out of their mattresses
Dave 1/3 ish
Bobby Cahill They'll continue the inclusion programs thru 2022 for sure. It's a hard sell for sure. When the State controls over 80% of the currency in their Banks, there's not a lot of trust
Bobby Cahill That's where the CBI will push a Digital Iraq
Dave not sure what all that means.......we have both.......Iraq has 30 banks
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Zig’s Place Chatroom News Wednesday AM 12-22-21
.Zig’s Place Chatroom News Wednesday AM 12-22-21
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Butterfly 2021-12-22 06:23 Shafaq News/ Iraq's Supreme Federal Court will issue its verdict in the lawsuit al-Fatah alliance had filed to annul the October 10 election results, a source revealed on Wednesday.
The source told Shafaq News Agency that the court will convene on 26/12/2021 to announce its ruling after completing the hearing and trial procedures. The leader of al-Fatah alliance, Hadi al-Ameri, reiterated his rejecting position in his testimony before the court today.
Pro-Tehran forces, led by al-Fatah alliance, that emerged as the biggest losers in the election reject the outcome of the vote, thrusting the country into uncertainty and political crisis.
Zig’s Place Chatroom News Wednesday AM 12-22-21
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Butterfly 2021-12-22 06:23 Shafaq News/ Iraq's Supreme Federal Court will issue its verdict in the lawsuit al-Fatah alliance had filed to annul the October 10 election results, a source revealed on Wednesday.
The source told Shafaq News Agency that the court will convene on 26/12/2021 to announce its ruling after completing the hearing and trial procedures. The leader of al-Fatah alliance, Hadi al-Ameri, reiterated his rejecting position in his testimony before the court today.
Pro-Tehran forces, led by al-Fatah alliance, that emerged as the biggest losers in the election reject the outcome of the vote, thrusting the country into uncertainty and political crisis.
The unsubstantiated claims of voter fraud are casting a shadow over an election that was praised by the United States, the U.N. Security Council, and others for being the smoothest in years and without major technical glitches.
The standoff also increased tensions among rival Shiite factions that could reflect on the street and threaten Iraq's newfound relative stability. However, a recent exchange of visits offered a glimmer of hope for forming a new government. https://www.shafaq.com/en/Iraq-News/Supreme-Court-to-issue-verdict-in-al-Fatah-s-lawsuit-to-abolish-the-election-results-next-week
butterfly 2021-12-22 05:30 Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $200 million in foreign currency today, Wednesday.
Shafaq News Agency correspondent said that the CBI sales of foreign currency in today's auction amounted to 207,728,000, 6.15% below yesterday's $195,399,350. The transactions were made at a weighted average of 1460 dinars to every dollar.
Our correspondent explained that 18 banks and 237 exchange companies cashed out $61.71 million, while the remaining $146.18 million 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-200-million-dollars-in-Wednesday-currency-auction
butterfly 2021-12-22 02:02 Shafaq News/ Dollar exchange rates dropped today, December 22, 2021, on the Iraqi market.
• The Kifah Stock Exchange recorded 147,450 dinars for $ 100.
• The Al-Harthiya Stock Exchange recorded 147,450 dinars for 100 dollars.
In Baghdad The Selling prices at bank stores on local markets:
•Sale price: 148,000 dinars per $100. • Purchase price: 147,000 dinars per $100.
In Erbil The Selling prices at bank stores on local markets:
•Sale price: 147,800 dinars per $100. • Purchase price: 147,600 dinars per $100. https://www.shafaq.com/en/Economy/Dollar-exchange-rates-in-Iraq-8-2-9
butterfly Supreme Court to issue verdict in al-Fatah's lawsuit to abolish the election results next week 2021-12-22 06:23
Shafaq News/ Iraq's Supreme Federal Court will issue its verdict in the lawsuit al-Fatah alliance had filed to annul the October 10 election results, a source revealed on Wednesday.
The source told Shafaq News Agency that the court will convene on 26/12/2021 to announce its ruling after completing the hearing and trial procedures.
The leader of al-Fatah alliance, Hadi al-Ameri, reiterated his rejecting position in his testimony before the court today.
Pro-Tehran forces, led by al-Fatah alliance, that emerged as the biggest losers in the election reject the outcome of the vote, thrusting the country into uncertainty and political crisis.
The unsubstantiated claims of voter fraud are casting a shadow over an election that was praised by the United States, the U.N. Security Council, and others for being the smoothest in years and without major technical glitches.
The standoff also increased tensions among rival Shiite factions that could reflect on the street and threaten Iraq's newfound relative stability. However, a recent exchange of visits offered a glimmer of hope for forming a new government. https://www.shafaq.com/en/Iraq-News/Supreme-Court-to-issue-verdict-in-al-Fatah-s-lawsuit-to-abolish-the-election-results-next-week
butterfly Iraq: a new postponement of the hearing to resolve the appeal of the election results until December 26 Today, Wednesday, the Federal Court of Iraq postponed the resolution of the appeal against the results of the Iraqi elections that took place on October 10, by Hadi Al-Amiri, the head of the “Al-Fatah” coalition, until the twenty-sixth of this month.
And the official Iraqi News Agency (INA) reported that the court decided to postpone the appeal hearing on the election results for four days, explaining that it would issue a decision regarding the appeal on December 26.
Today, Wednesday, the court held a new session to consider the complaint of Hadi al-Amiri, the head of the “Al-Fateh” coalition, demanding the annulment of the election results, according to a brief statement by the Iraqi judiciary, which said: “The Federal Court session has begun to consider appeals against the election results.”
Al-Amiri accused, during a presentation of his complaint before the Federal Court, on Wednesday, the Iraqi Electoral Commission of causing depriving millions of voters from casting their votes, adding that “the commission deprived about 5 million voters from participating in the elections for not issuing biometric cards to them, although the election law obliges the commission to register Citizens who meet the conditions for biometric registration in the voter register.
butterfly Arab reports
Iraq: anticipation to resolve the controversy of the election results and Nuri al-Maliki heads to Erbil
. Al-Amiri said, in a previous press conference, that his coalition continues to reject the election results, indicating that the coalition continues to challenge the electoral process in the Federal Court. He believed that the elections "did not take place in an appropriate atmosphere," accusing the Iraqi Electoral Commission of having "proved its inability to manage the electoral process." He added, "The commission did not abide by its procedures, and committed a number of violations," stressing that the "Al-Fateh" coalition has doubts about the electoral apparatus.
On December 13, the Iraqi Federal Court decided to postpone the settlement of the complaint about the cancellation of the legislative elections that Al-Amiri had previously submitted until today.
The “Al-Fateh” coalition’s lawsuit submitted to the court is based on about 20 files that include various documents, numbers, data and testimonies, related to what the coalition considers evidence of forgery and manipulation.
The “Al-Fateh” alliance is one of the most prominent losing forces in the Iraqi elections, as it won 17 seats (out of 329), a clear decline from the number of seats it obtained in the 2018 elections, and the elections witnessed the loss of other prominent forces such as the “Wisdom” movement led by Ammar al-Hakim, the “Victory” coalition headed by Haider al-Abadi, and the “Sadiquon” and “Haqq” movements, which are linked to armed factions, suffered a resounding loss, which prompted these parties to reject the results and form a “coordinating framework” opposing the election results. https://rawabetcenter.com/archives/139746
butterfly Gas prices hit a record high in Europe
- 11 Hours Ago Gas prices in Europe rose to their highest levels ever, and set a new record in trading on Tuesday, due to strong demand caused by the cold winter on the continent and the escalation of geopolitical differences between the main supplier, "Russia" and consuming countries.
The Dutch TTF (TTF) benchmark in Europe reached 162.775 euros ($187.2) per megawatt-hour, and gas prices in Britain jumped to 408.30 pence per thermal unit in late morning deals.
The prices were recorded in trading yesterday, Monday, 148.50 euros (170.77) dollars per megawatt hour, up from 136 euros (156.4 dollars) in trading last week.
And temperatures in many European capitals have been below zero degrees Celsius since the end of last week, while part of the rise is also due to the recovery of the global economy, which led to an increase in demand.
In Europe, calls for additional gas deliveries from Russia have not been answered, resulting in a jump in European gas prices of more than 600% since last January, and now exceeding the record high levels recorded last October.
Accusations Against Russia
During earlier last October, European and American officials accused Moscow of manipulating politics and withholding gas to pressure the European Union, to agree to the Nord Stream 2 pipeline across the Baltic Sea.
Meanwhile, data from the German company Gascade showed that Russian gas flows to Germany through the Yamal-Europe pipeline stopped Tuesday morning.
Flow levels and destination on the Yamal-Europe pipeline are managed according to consumer demand.
Westbound flows have been declining since Saturday, pushing spot gas prices in Europe to all-time highs.
Source: agencies https://rawabetcenter.com/archives/139739
Butterfly Al-Amiri From The Federal Court: The Commission Deprived 5 Million Voters Of Casting Their Votes
12/22/2021 | 11:59 AM Al-Amiri From The Federal Court - The Commission Deprived 5 Million Voters Of Casting Their VotesThe Information/Baghdad…
The head of the Al-Fateh Alliance, Hadi Al-Amiri, accused, on Wednesday, the High Elections Commission of violating the constitution and depriving more than 5 million voters of voting under the pretext of not replacing their electoral card.
Al-Amiri said during his testimony before the Federal Supreme Court, which was followed by (the information), that “the Commission deprived five million citizens of participation because of the failure to replace the election cards.”
Al-Amiri called for “cancelling all results that came as a result of using the C1000 device, recalculating the results through the C900, and conducting manual counting of stations that were manually counted by specialized experts and university professors.”
He explained, “The High Commission violated its law by contracting with a technical company to monitor and evaluate the company and speed up the results. We spoke with the head of the commission and he promised before the elections that the elections would be fair, but he did not fulfill his promise.” almaalomah.me
butterfly For 10 days… Al-Rafidain suspends withdrawals and deposits from savings accounts
2021-12-22 04:03 For 10 days... Al-Rafidain suspends withdrawals and deposits from savings accountsShafaq News/ Al-Rafidain Bank announced, on Wednesday, the suspension of withdrawals and deposits from savings accounts, starting from tomorrow, Thursday, corresponding to 12/23/2021, until Monday, corresponding to 3/1/2022.
The bank’s media office said, in a statement received to Shafak News Agency, that “the suspensions come in order to pay the annual accounts, calculate the interests of savings accounts, as well as organize budgets.”
The bank also decided to close the doors of all its branches on Sunday, 2/1/ 2022, for the purpose of paying the annual accounts and for implementing the bank’s accounts that are applicable every year. shafaq.com
butterfly Legal expert: The end of the payment of Kuwait’s compensation has nothing to do with Iraq’s exit from Chapter VII
2021-12-22 07:37 Legal expert - The end of the payment of Kuwaits compensation has nothing to do with Iraqs exit from Chapter VIIShafaq News/ Legal expert Tariq Harb confirmed today, Wednesday, that the payment of the last batch of Kuwait’s compensation has nothing to do with Iraq’s exit from Chapter VII.
Harb told Shafaq News Agency, “Chapter VII was lifted several years ago, and what has now ended with regard to the debt committee that was based on Chapter VII by deducting sums from Iraq,” noting that “Iraq after exiting Chapter VII was able throughout The past years of buying weapons and the process of trading in all things, and thus the completion of the payment of compensation, has nothing to do with Iraq’s exit from Chapter VII.
Harb added, “After it paid the last amount of $44 million, all compensation under Security Council Resolution 87 of 1991 ended,” adding at the same time, that “these debts were not even applied under Chapter VII when payments were postponed in 2014 with The entry of ISIS and the drop in oil prices.
The Central Bank had announced yesterday, Tuesday, the payment of the last batch of compensation to Kuwait amounting to (44) million US dollars, expressing the hope that the termination of the payment of compensation will contribute to removing Iraq from Chapter VII.
Hello, World!
Iraq had to deposit 5 percent of its export revenues from sales of oil, its products and gas, before reducing it to 3 percent in 2018 in a UN fund that was established under the name of the United Nations Compensation Fund.
In 1991, a UN Compensation Committee was formed, obligating Baghdad to pay $52.4 billion in compensation to individuals, companies, governmental organizations and others, who incurred losses resulting directly from the invasion and occupation of Kuwait. shafaq.com
butterfly Postponement of the Federal Court hearing to cancel the election results until next Sunday for the issuance of the final decision
2021-12-22 Postponement of the Federal Court hearing to cancel the election results until next Sunday for the issuance of the final decisionToday, Wednesday, the Federal Court decided to postpone the special session to consider the cases submitted regarding the cancellation of the election results.
A press source said: “The Federal Court decided to postpone the election appeal session to the 26th of this month to issue a decision in the case.”
Earlier in the day, the Federal Court held its special session to consider the cases submitted regarding the annulment of the election results. burathanews.com
butterfly Barzani and Al-Maliki discuss the need to reconsider the system of government in Iraq
2021-12-22 07:34 Barzani and Al-Maliki discuss the need to reconsider the system of government in IraqShafaq News/ The Kurdish leader, Massoud Barzani, discussed today, Wednesday, with the head of the State of Law coalition, Nuri al-Maliki, the need to reconsider the system of government in Iraq, while they stressed the “principle of partnership, consensus and balance.”
A statement issued by Barzani’s office, received by Shafak News Agency, said that the latter received today, the head of the State of Law coalition, Nuri al-Maliki and his accompanying delegation, indicating that the two sides discussed some of the results of last October’s elections and the developments of the political process in Iraq.
The statement indicated that the meeting highlighted the need to reconsider the system of governance in Iraq and benefit from previous experiences, stressing the consideration of the principle of partnership, consensus and balance in the governance process.
In another part of the meeting, the statement said that the two parties exchanged views on the challenges facing the future of Iraq, the issue of services and ISIS threats, the problem of the environment and water shortage, and the demands of citizens, and stressed the continuation of attempts to converge the parties’ views and the merit of the components in order to find appropriate solutions for the next stage. And overcoming the challenges to forming the new Iraqi government.
The delegation of the Shiite Coordination Framework, headed by the leader of the State of Law coalition, Nuri al-Maliki, arrived this morning in Erbil, the capital of the Kurdistan Region.
butterfly Shafaq News Agency learned that the delegation headed immediately upon its arrival to the “Birmam” area to meet with Kurdish leader Massoud Barzani.
The spokesman for the State of Law coalition, Bahaa El-Din Nouri, told Shafaq News that the delegation’s visit to Erbil comes to discuss the views between the coordination framework and the Kurdish forces.
According to the final results of the elections, the Sadrist bloc came first with 73 seats, followed by an alliance led by Muhammad al-Halbousi with 37 seats, followed by the State of Law coalition led by Mori al-Maliki with 33 seats, and then the Kurdistan Democratic Party with 31 seats.
The comprehensive coordination framework of the Shiite forces had held the first meeting (on the second Thursday of December) with the leader of the Sadrist movement, Muqtada al-Sadr, to discuss post-election options and ways to bring together the Shiite house, before forming the next government.
Al-Sadr had announced after the meeting his adherence to the option of forming a political majority government, which is rejected by the Shiite political forces opposed to him.
The coordination framework of the Shiite forces, which includes the Al-Fateh Alliance under its umbrella, had announced its rejection of the announced results, because of what he said that the commission did not deal seriously with the appeals submitted, stressing its adherence to the lawsuit submitted before the Federal Court to cancel the elections. shafaq.com
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Zig’s Place Chatroom News Tuesday Late PM 12-21-21
.Zig’s Place Chatroom News Tuesday Late PM 12-21-21
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Butterfly The Central Bank announces the completion of the last remaining installment of Kuwait’s compensation
Tuesday 21 December 2021 23:05 The Central Bank of Iraq announced the completion of the last remaining installment of Kuwait's compensation, amounting to 44 million dollars.
The bank stated in a statement: "The payment of the last remaining installment of the State of Kuwait's compensation amounting to 44 million US dollars has been completed, and thus Iraq has completed the full payment of the compensation amounts approved by the United Nations Compensation Committee of the UN Security Council under Resolution 687 of 1991, A total of (52.4) billion US dollars for the State of Kuwait.
Zig’s Place Chatroom News Tuesday Late PM 12-21-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
Butterfly The Central Bank announces the completion of the last remaining installment of Kuwait’s compensation
Tuesday 21 December 2021 23:05 The Central Bank of Iraq announced the completion of the last remaining installment of Kuwait's compensation, amounting to 44 million dollars.
The bank stated in a statement: "The payment of the last remaining installment of the State of Kuwait's compensation amounting to 44 million US dollars has been completed, and thus Iraq has completed the full payment of the compensation amounts approved by the United Nations Compensation Committee of the UN Security Council under Resolution 687 of 1991, A total of (52.4) billion US dollars for the State of Kuwait.
He added: "It is hoped that ending the payment of compensation will contribute to removing Iraq from Chapter VII, as well as its impact on re-integrating the Iraqi banking system into the global banking system and benefiting from the financial abundance that will be achieved." https://ninanews.com/Website/News/Details?key=946163
butterfly Coordination Framework Lawyer: There is new evidence that we will present to the Federal Court
Tuesday 21 December 2021 23:57 The lawyer for the coordination framework, Muhammad Majeed Al-Saadi, announced the existence of new evidence that the framework will present to the Federal Court.
He said in a televised statement: "We will ask the Federal Court to choose expert programmers," noting that there are lawsuits submitted by political blocs and personalities that are not part of the coordinating framework.
And he indicated that: "It is not possible to set a specific time for deciding the appeals that were submitted to the Federal Court." https://ninanews.com/Website/News/Details?Key=946171
Butterfly Oil Continues Work On The Offshore Pipeline To Export Crude Across The Gulf
Economic Last Update 12/21/2121 | 11:10 AM
The Ministry of Oil announced, on Tuesday, that the Oil Projects Company will continue its work by implementing the offshore pipeline project within the Japanese loan to contribute to increasing export capacity and providing more flexibility to pass Iraqi crude through the country’s ports on the Gulf.
Al-Sabah newspaper quoted a source at the Ministry of Oil as saying, “The project is focused on by the ministry due to its strategic importance at the level of the Iraqi oil industry,” noting that “the Oil Projects Company, since the beginning of the project last March, has focused on completing the onshore part of the third marine pipeline, hoping To be handed over to the beneficiary, the Basra Oil Company, next June.
The statement added, "The project consists of three sites, the first is the coastal valves area (BVS) and includes the activities of laying a 48-node pipe with the installation of valves with their accessories, as well as burial and stone packing works, in addition to the electricity building."
He continued, "The second site is located in the (Mini faw) area and includes laying and welding a 48-node pipe with a length of 750 meters, installing seven valves with civil works and implementing concrete rules, in addition to implementing a drainage basin, skimmer sender and propulsion system," noting that "the third site includes The central control building inside the Faw warehouse with all its details. https://almaalomah.me/2021/12/21/572029/
butterfly Here is another article about it: 2021-12-21 14:40
Shafaq News/ The Central Bank of Iraq announced, on Tuesday, that Iraq paid the last payment to Kuwait, amounting to 44 million dollars.
The Bank said that "the last installment of the State of Kuwait's compensation was paid.”
"Iraq has completed the full payment of the compensation amounts approved by the United Nations Compensation Committee of the UN Security Council, with a total of 52.4 billion US dollars for the State of Kuwait."
It added, "It is hoped that the last payment of compensation will contribute to removing Iraq from Chapter VII, as well as its impact on reintegrating the Iraqi banking system into the global banking system."
Under the United Nations Compensation Commission (UNCC), Kuwait and Iraq agreed that payments would gradually increase from 0.5 percent of Iraqi oil proceeds in 2018 to 1.5 percent in 2019 and 3 percent in both 2020 and 2021.
Located in Villa La Pelouse within United Nations Office in Geneva, Switzerland., UNCC was created to process claims and pay compensation for losses and damage suffered due to Iraq's unlawful invasion and occupation of Kuwait in 1990-91. https://www.shafaq.com/en/Economy/Iraq-fulfills-its-obligations-to-Kuwait-under-UNCC-supervision
butterfly Iraqi Sunni parties compete for parliament speaker 2021-12-21 15:31
Shafaq News/ The recent announcement of a new Sunni alliance headed by wealthy businessman Khamis al-Khanjar opens a new chapter in the ongoing competition over the political leadership and spoils in post-election Iraq. The New Determination bloc, so far made up of 34 winners in the October election and hailing from five small parties, represents a serious challenge to Mohammed al-Halbusi’s political claim of Sunni representation in Baghdad.
As the top Sunni winner with 37 seats, Halbusi’s Progress bloc, drawing several independent winners, now has 43 seats, making it the single most powerful Sunni player. The formation of Khanjar’s new bloc, with its membership likely to grow, represents a serious challenge to Halbusi’s political ambitions of leading the Sunnis.
The immediate bone of contention between the two alliances is the speakership of the new parliament. Reserved for Sunnis in Iraq’s ethnosectarian power-sharing formula, the speakership carries with it the most political leverage and economic patronage a Sunni could aspire to.
As the speaker of the outgoing parliament, Halbusi used the post to build his political base, pursuing a reconstruction campaign in Ramadi that earned him popular support, translating into his alliance’s electoral win in the recent election.
Khanjar’s alliance formation is widely seen to challenge Halbusi’s ambition to hold the speakership again. His move to form the alliance was worrying enough to Halbusi that he visited the businessman in Baghdad shortly after the alliance was announced, despite the bitter personal hostility between the two that was on display during the run-up to the election.
butterfly Following the meeting, Halbusi said in a tweet that the meeting “stressed the importance of solving the dossiers of the disappeared, returning the displaced and reconstructing the liberated cities.” The reference to the “dossiers of the disappeared” is a concessionary nod to Khanjar’s main election theme and criticism of Halbusi's politics.
Halbusi’s rise to the speakership in 2018, based on a deal with the Shiite Fatah Alliance, essentially meant that he should keep silent about the Sunni “disappeared,” referring to those killed and buried in mass graves by Shiite militias and to the imprisonment and execution sentences issued by Iraqi courts based on false reports and confessions extracted under torture.
The Popular Mobilization Units, heavily represented in the outgoing governing Fatah Alliance, were accused of human rights abuses against Sunnis during the military campaign against the Islamic State, including forcing Sunnis out of the Jurf al-Sakhar area southeast of Baghdad.
Khanjar repeatedly talked about returning the displaced to this area. The joint statement from the meeting emphasized the intention of the two alliances to press with the Shiite “political partners” a number of “strategic dossiers including those of the disappeared and the displaced.”
butterfly Far from the appearance of Sunni unity in the joint statement the two alliances tried to project by “forming a unified negotiation team” to “negotiate with other [non-Sunni] partners,” Khanjar’s New Determination is careful not to rush into overarching alliances.
Seeing in Khanjar’s new bloc a political opportunity to win Sunni allies to form the largest parliamentary bloc, the Shiite Coordination Framework sent Nouri al-Maliki, leader of the State of Law Coalition, to visit Khanjar shortly after Halbusi’s visit. Insiders told Al-Monitor that Maliki tried to convince Khanjar to join the Coordination Framework in return for a top position in the new government, possibly vice president or speaker of the parliament.
Khanjar’s response was noncommittal, emphasizing in an official statement that his alliance is committed to “a national dialogue with all, without backing one side at the expense of the other.” Realizing the Framework is fighting an uphill battle against the better-organized Sadrists, the top winners in the national election, Khanjar is likely expecting a better deal with them.
New Determination’s biggest challenge is internal. It is the fragility of the alliance itself as it lacks a common goal beyond the anger at Halbusi’s perceived autocratic ways and the desire by many of its members, including Khanjar himself, to get better local deals in Sunni areas. Insiders told Al-Monitor that Khanjar is willing to support Halbusi’s bid for the speakership in return for relinquishing the Al-Anbar governorship to New Determination.
The leader of the Masses (Jamahir) party, Ahmed al-Jiburi, known as Abu Mazin, a skilled political survivor, aims by joining Khinjar’s alliance to put pressure on Halbusi to get back to his party the governorship of Salah Aldin after its current governor, Ammar al-Jiburi, left Abu Mazin’s party last year to join Halbusi’s Progress party.
butterfly It is difficult to see how Khanjar’s alliance, more defined around opposition to Halbusi than anything else, will survive as a coherent bloc beyond the formation of the new government in Baghdad.
Source: Al-Monitor
butterfly Dividing the Divided: Enhancing Al-Sadr's Chances of Forming a Majority Government in Iraq
The consultations to form the Iraqi government witnessed new developments. In addition to the coordination framework’s rejection of the election results, and its awaiting the decision of the Federal Supreme Court on December 22 on the appeals submitted to cancel the election results, attempts to overcome differences within the Sunni and Kurdish blocs have failed, at the time when a bloc was established. A new opposition crosses the Arab-Kurdish sectarian divisions under the name “For the People”.
Changes in the political landscape:
During the past few days, the Iraqi arena witnessed a number of political moves, which can be highlighted in the following points:
1- The inability of the Kurds to overcome their internal differences: The main Kurdish political forces, represented by the Kurdistan Democratic Party and the Patriotic Union of Kurdistan are still unable to overcome their differences, which is evident in their failure in the coalition to form a unified political alliance, in order to negotiate with other political forces In Baghdad, about their next candidate for the presidency, and the rest of the positions that are considered by the Kurds.
butterfly Kurdish delegations affiliated with the two main parties negotiated with the Iraqi political forces individually, without announcing that any understandings had been reached, including a meeting of a delegation from the Kurdistan Democratic Party with the State of Law coalition led by Nuri al-Maliki and the Sadrist movement led by Muqtada al-Sadr on December 12 each Separately.
Although it is noticeable that the Kurdistan Democratic Party revealed that its understandings with the Sadrist movement, regarding the formation of the next Iraqi government, are more advanced than the understandings with the coordinating framework.
The main reason for the internal Kurdish dispute is due to the Kurdistan Democratic Party’s desire to bypass previous understandings with the Patriotic Union of Kurdistan regarding the position of the President of the Republic. The General of the Patriotic Union of Kurdistan, represented by Jalal Talabani at the time, assumed the presidency of Iraq, in exchange for the leader of the Kurdistan Democratic Party, Massoud Barzani, assuming the presidency of the Kurdistan region of Iraq.
The Patriotic Union of Kurdistan insists that the party's candidate take the position of head of state, while the Kurdistan Democratic Party believes that taking this position has become its right, especially after it managed to win most of the votes of Iraqi Kurds.
butterfly The recent period witnessed an attempt to resolve the dispute, as the Kurdistan Democratic Party tended to grant the position to the Patriotic Union; Provided that another leader of the National Union is nominated for this position, with the exclusion of the current president, Barham Salih. However, the head of the union, Bafel Talabani, still insists on nominating Saleh for the position of President of the Republic.
Even in the event that the two Kurdish parties fail to agree, they can return to the “2018 formula,” when both parties put forward their candidate for the presidency, and Barham Salih was elected, at that time, as head of state, while the losing Kurdistan Democratic candidate, Fuad Hussein, took over the portfolio of foreign affairs. .
2- Continuing Sunni differences: The Sunni scene is dominated by two main alliances, namely the Alliance of Progress led by Muhammad al-Halbousi, which ranked first among the Sunni Arabs by obtaining 43 seats in the October 2021 elections, as well as the “Azm” alliance, which Khamis Khanjar announced its founding.
On December 11, from a coalition that includes five political forces: the Azm Alliance (14 seats), the Mass Party bloc, the Hasm Movement for Reform, and deputies from the National Contract Bloc, and the Arab Alliance in Kirkuk. The new bloc has about 34 deputies.
butterfly The past few days witnessed preliminary consensus between the two sides to form a single alliance to negotiate with other political forces. However, these understandings face challenges. It seems that one of the reasons for the dispute is the failure of understanding about the identity of the position of Parliament Speaker, as Al-Halbousi expresses a desire to retain the position, which the Azm Alliance expressly opposes, and who wants to replace al-Halbousi with another figure affiliated with the Azm Alliance.
On the other hand, it is noted that there are divisions in political positions between the two sides. While the Alliance of Azm is closer to the coordination framework close to Tehran, the Alliance of Progress is the closest to the Sadrist movement.
3- Establishment of an Arab-Kurdish opposition alliance: The civil forces that won the last parliamentary elections sought to unify their position within the new Iraqi parliament during the coming period, which was crystallized in the establishment of an opposition civil-political alliance called “For the People” on December 15, 2021, which is considered The first of its kind, which consists of 28 winning members in the last elections.
This new alliance includes the civilian “Extension” movement headed by Alaa Al-Rikabi, as well as members of the “New Generation” movement led by Shaswar Abdul Wahed, which is active in the Kurdistan region of Iraq. It is noted that such a bloc is the first cross-ethnic bloc of Arab-Kurdish divisions in Iraq since 2003, which seeks to be the nucleus of a parliamentary opposition that adopts the slogans and demands of the “October Uprising.”
4- Continuing the escalation of the coordination framework: The forces affiliated with the coordination framework, which lost the last elections, led by the Al-Fateh Alliance, which represents the militias of the Popular Mobilization Forces affiliated with Iran, continue to call on their supporters to demonstrate and protest near the Green Zone in Baghdad to confirm their continued rejection of the election results, and to exert pressure The political forces opposed to them, represented by the Sadrist movement, should accept the formation of a consensus government with them, or put pressure on the Federal Supreme Court to cancel the elections.
The Federal Supreme Court announced the postponement of the consideration of complaints and appeals submitted to cancel the election results, some of which were submitted by the head of the Al-Fateh Alliance, Hadi Al-Amiri, to December 22, in the second postponement of its kind. The list, so that its decision, whether to confirm the results of the elections, which is likely, or to cancel them, would not cause the outbreak of conflict between the Iraqi Shiite parties.
Implications for the formation of the government:
butterfly The previous political developments in the Iraqi arena are reflected in the efforts to form the new government, which is evident in the following:
1- Al-Azm Alliance approaching the coordination framework: It is expected that more coordination and consensus will occur between the “Al-Azm” alliance headed by Khamis al-Khanjar, and some components of the coordination framework, in light of their meeting about refusing to renew the three presidencies, as some forces affiliated with the coordination framework refuse to renew the mandate A second for Mustafa Al-Kazemi, the Iraqi Prime Minister, while the Sunni “Azm” coalition expresses its rejection of naming Al-Halbousi for a second term in parliament.
The coordinating framework may tend to expand its current alliance, so that it is not limited to Shiite forces, but also includes Sunni forces close to its orientations represented by the Alliance of Resilience, and this is supported by the framework’s announcement of the establishment of a political institution that includes the forces of the coordination framework, independent political forces and the forces of other components to form the next government. This is in an attempt to steal the entitlement to form the next government from the Sadrist movement, or at least deprive al-Sadr of the votes necessary to form a majority government, which eventually leads him to accept the formation of a consensual government in cooperation with the coordination framework.
butterfly 2- The crystallization of understandings between al-Sadr, al-Halbousi and al-Barzani: The Sadrist movement (73 seats) is close to an alliance led by al-Halbousi (43 seats) and the Kurdistan Democratic Party (31 seats), meaning that this alliance, if it is officially announced, will have about 147 seats, meaning that it It needs only about 18 seats, to reach the number of seats needed to form a majority government, estimated at 165 seats in parliament.
Even if the Patriotic Union of Kurdistan (18 seats) aligned with the coordination framework, and refused to join the Sadrist movement, which is unlikely, the coordination framework will not be able to form the Iraqi government, given that the “For the People” list has about 28 seats, in addition to being The closest to the Sadrist movement in political positions than the coordination framework, given that some of its components emerged from the October Revolution, which aims to weaken Iranian influence over Baghdad.
In conclusion, most of the developments in the Iraqi political arena over the past days point to the failure of the coordination framework so far to enhance its chances of forming the next Iraqi government, or pressure on al-Sadr to form a consensus government that does not exclude him, which means that the coordination framework will count The Federal Court to annul the election results.
butterfly In the event that the latter acknowledges the validity of the Iraqi elections, he will have only two options, either resorting to violence or negotiating with al-Sadr, and perhaps al-Sadr’s refusal to meet with representatives of the coordination framework until after the Federal Supreme Court announces its ruling is an indication that al-Sadr is ready to reach understandings with The coordination framework, but after the latter presented realistic demands that take into account the decline in his popular weight, which means abandoning his demand to reject the nomination of the Iraqi Prime Minister, Mustafa Al-Kazemi, for a second term.
https://rawabetcenter.com/archives/139714
butterfly Another article............. The Central Bank of Iraq officially announces the completion of the payment of compensation to Kuwait
Pratha News Agency 100 2021-12-21 Today, Tuesday, the Central Bank of Iraq announced the completion of the payment of compensation for the State of Kuwait.
The Central said in a statement that "the payment of the last remaining installment of the State of Kuwait's compensation amounting to (44) million US dollars has been completed, and thus Iraq has completed the full payment of the compensation amounts approved by the United Nations Compensation Committee of the UN Security Council under Resolution No. (687) for the year 1991, with a total of (52.4) billion US dollars for the State of Kuwait.
It is hoped that the termination of the payment of compensation, according to the statement, will "contribute to removing Iraq from Chapter VII, as well as its impact on re-integrating the Iraqi banking system with the global banking system and benefiting from the financial abundance that will be achieved."
The UN Compensation Committee was formed in 1991, obligated Baghdad to pay $ 52.4 billion in compensation to individuals, companies, governmental organizations and others who incurred losses resulting directly from the invasion of Kuwait.
Iraq stopped making payments in 2014 during the war on ISIS, which controlled large parts of the country, but resumed payments in 2018.
butterfly https://burathanews.com/arabic/economic/404753
Sheila @TWW What say you this evening, good and kind sir?
TWW sheila Improving more & more ea day. Felt kinda cool to fly a few wks ago. Hope u r doing yung lady
Sheila TWW excellent! went back to work 24-30 hours... got some cash flow. not strapped to cover expenses. told the other half of me tonight, he's giving me 5M bolivar for Christmas, LOL - less than 20 bucks... he's getting off cheap. LOL LOL LOL
TWW sheila 500, way cool, niceother half... :Wheelbarrow: :Car: ooppppssss, 500,000,000.00 nice
Sheila TWW 5M bolivar. Heard tonight it might revalue at .22 to .55 cents. great exchange rate.
TWW sheila nice ROI, hopefully :Wheelbarrow:
Sheila TWW this Holly sounded pretty solid on her rumtel.
TWW sheila Do u trust her & her info??
Sheila TWW trust yet verify... I have no sources of my own to counter her points.
TWW sheila How abt this new guru, Wolverine??
Sheila TWW Same goes for Wolverine. His words impress me with military connections.
TWW sheila The wolverine (also spelled wolverene), Gulo gulo (Gulo is Latin for "glutton"), also referred to as the glutton, carcajou, or quickhatch (from East Cree, kwiihkwahaacheew), is the largest land-dwelling species of the family Mustelidae. It is a muscular carnivore and a solitary animal./..LOLOLO
Sheila TWW Is that good or bad?
TWW ?????????????? lololol
Sheila @TWW I read most of their postings on www.dinarrecaps.com. They seem to do good job providing content and source links.
Sheila @TWW When I saw Wolverine posting, I thought about the movie character played by Hugh Jackman.
TWW Allways wonder abt the word :SOURCES? WHO??
Sheila @TWW take good care of yourself here in the final stretch. later sweetness
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Zig’s Place Chatroom News Tuesday Afternoon 12-21-21
.Zig’s Place Chatroom News Tuesday Afternoon 12-21-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly My time is short since my lifer Marine arrived and we have been catching up on a lot of things. Have not had the time to post a lot of articles. BUT a few days ago, it did indicate that Kuwait would be paid off by the end of the year.
Bobby Cahill We'll still be here thru the 1st Quarter of 2022 seeing what the Budget does But that's just me
Dave Bobby Cahill waiting fer elections to be ratified first?
Bobby Cahill 100% Then seat Parliament, then they do their thing and then Sadr trys to form
Bobby Cahill their thing being Speaker and President
Zig’s Place Chatroom News Tuesday Afternoon 12-21-21
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here
butterfly My time is short since my lifer Marine arrived and we have been catching up on a lot of things. Have not had the time to post a lot of articles. BUT a few days ago, it did indicate that Kuwait would be paid off by the end of the year.
Bobby Cahill We'll still be here thru the 1st Quarter of 2022 seeing what the Budget does But that's just me
Dave Bobby Cahill waiting fer elections to be ratified first?
Bobby Cahill 100% Then seat Parliament, then they do their thing and then Sadr trys to form
Bobby Cahill their thing being Speaker and President
Dave still waiting CBI's spread sheet on that 100 trillion in circ
Bobby Cahill Then we wait to see Sadr nominates, will Parliament accept and what happens to the already prepared Budget
Bobby Cahill Figuring out their numbers can be mind boggling for sure. I do know Salih has indicated as much
Dave banking laws fer foreign investments would be nice
Bobby Cahill here's one from 2015.......https://cbi.iq/documents/Financial%20Stability%20Report-en.2015.pdf
Dave hear US Feds have a ton of dinar
Bobby Cahill You can go to their website and check. I can assure you they don't lol
Bobby Cahill If ya look at that CBI Document, you'll see a lot of trillions everywhere lol
Dave Bobby Cahill CBI could be sitting on alot and simply not be destroying it?
Dave limbo.....an Ace in the Hole
Bobby Cahill They do hold some for sure. What Salih did was break it down btwn holdings and circulation. We had a discussion yesterday about a "reinstatement" of the IQD to the glory days. Here's the issue and exactly what Salih discussed....." he said the amount of Iraqi dinars in circulation has increased from 25 billion in 1980 to 27 trillion now, and this has "led to confusion in transactions for large commercial banks".
Bobby Cahill Now that was in 2010 so just imagine all the salaries added and the devalues. There was also an article yesterday that mentioned "The exchange rate increased by 26%, the inflation rate increased by 7.6%, and the printing rate was 77%."
Bobby Cahill What caught my eyes was the printing increase
Dave recollect all that old and tattered IQD.........
Bobby Cahill So while everything is looking good for a 2022, I'd be cautious about anything happening in early 2022 as some have alluded to
Dave we change our notes out several times ayr
Bobby Cahill Well they do replace the worn IQD on a daily basis for sure
Bobby Cahill What he was talking about was recent activity
Dave so no 100 trillon IQD?
Bobby Cahill Surely we recognize the devalue added to the amount of IQD correct?
Dave with worthless dinar.......the entire world has faced hyper inflation
Bobby Cahill well outside Iraq that's true
Bobby Cahill Inside Iraq that's a different tune
Dave what was IRAQ supposed to do?
Bobby Cahill Without the IQD how does Iraq survive if it was worthless?
Dave UAMI.....oil fer food etc etc
Bobby Cahill Oil for Food was a disaster
Dave UN imposed sanctions killed the IQD
Bobby Cahill How could that be? The Sanctions are Sadam era sanctions and the IQD didn't come out until 2003
Dave IRAQ never came clean with regard to sanctions - whats the purpose of being sanctioned?
Dave thought that meant getting spanked
butterfly Who wants to make a statement that we will see some big things happening in the first of 2022?
Bobby Cahill SO what sanctions are holding them back? Banking? Do they not have a SWIFT Code? An IBAN Number? Yesterday the spokesman for the Private Bans said this about their year end report......Central Bank’s policy in achieving stability in the money market and perpetuating internal and external banking operations, which enhanced international confidence in our international banking transactions and appears
Dave waiting to see what the courts say tommorrow
Bobby Cahill "international banking transactions"
Dave Bobby Cahill my take no gloibal nodda while Ch7
Bobby Cahill I'd make the statement "We'll still be here after the 1st quarter of 2022 ends" lol
Dave no WTO either
butterfly Bobby Cahill I will say the first of the year we will see action that will benefit all dinar holders.
Bobby Cahill No WTO because Iraq lags on all the paperwork and some legislation required. They also need to support their own local product so it can be included in certain agreements
Dave butterfly with Maliki holding the reigns...invest in that?
Bobby Cahill BUT....... let's not take away from the good news you brought in. I'm just saying it's not the switch everyone will be lead to believe
butterfly Dave it is my prediction/statement and I stand with it.
Dave Bobby Cahill Which sanctioned CH7 nation has WTO and global banking?
Dave butterfly at least speculating now can seem reasonable
Bobby Cahill I wouldn't argur that point, I'm just looking at what Iraq does. So why assign international banking numbers to a country that is sanctioned? Why would our Treasury say there are no limits on banking/trading with Iraq
butterfly It is not what you know.......it is who you know.
Dave ARRG...we know KAP......
butterfly Sorry I don't go with what a guru says....sorry don't want to offend, but have never listened to a guru.
Bobby Cahill Why did the UN release sanctions against Iraq?
Bobby Cahill United Nations Security Council resolution 1483, adopted on 22 May 2003, after recalling all previous resolutions on the situation between Iraq and Kuwait, the Council lifted trade sanctions against Iraq (excluding an arms embargo) and terminated the Oil-for-Food Programme
Dave the game maybe afoot now......
butterfly Sorry Bobby Cahill who cares. lol
Bobby Cahill Who cares about what?
Dave Bobby Cahill UN said nodda YET......
butterfly Dave in giant boot size steps
Bobby Cahill Well we've discussed the trade things and there ya have it, no trade sanctions. Do we not see all the Banking news?
butterfly Bobby Cahill that was to Dave about Kap
Dave hehe.....
Bobby Cahill Oh Kap lol I stay away from that lol
Bobby Cahill It will be fun watching what Iraq does in 2022. That's all dependent on who's governing Iraq
Dave Bobby Cahill yeppers
butterfly I will say there are things happening that we are not aware of. All will come out when it is appropriate.
Bobby Cahill That sound guruish lol
Dave CBI doubt will do Nodda until those pillars are satisfied
butterfly It is not what you know, it is who you know. Things are good and we will be good.
Dave CBi aint going to advertise an RV.....
Bobby Cahill Yeah I've known people who had Treasury contacts
butterfly Bobby Cahill did you read what I posted months ago about my Veteran friend and his dnl doing translations in all countries with the treasury?
Dave WHITE PAPER........approval and complete...I will starrt holding my breathe
Bobby Cahill butterfly Sorry I missed that
Bobby Cahill They've actually seen results from the White Papers in 2021 Will it continue?
butterfly His dnl speaks many languages and the treasury called her in to translate for the digital aspects of what is coming to all of us.
Dave I provide links.......
NORV good for you here is a good article...Great quote...
NORV "And economic expert Bassem Antoine says in an interview with "The New World", "The currency is a means to support the economy and not a goal for it, and when the zeros are raised, the pricing process for prices begins in light of this step, and many countries raised zeros such as Turkey, but it did not bear fruit, as it did not raise The value of the currency, the strength of the currency is from the strength of the economy, not by raising zeros."
NORV LINK
NORV "the strength of the currency is from the strength of the economy, not by raising zeros."
Dave NORV Hmm...Thats what Turkey Russia Belarus did heard that all before FROM CBI...?????
NORV deleting zeros is LOP
butterfly The Federal Court will consider tomorrow a claim to cancel the elections
Tuesday 21 December 2021 The Federal Supreme Court will consider tomorrow, Wednesday, a claim to cancel the elections submitted by the parties to the coordination framework.
The Federal Supreme Court had decided, on the thirteenth of this month, to postpone the date of pleadings in the case of canceling the elections, to the twenty-second of it. https://ninanews.com/Website/News/Details?key=946154
NORV there is no RV
Dave On your say so............
butterfly Allawi: The elections witnessed a public reluctance due to the polluted electoral atmosphere
Tuesday 21 December 2021 22:33 The leader of the National Coalition, Iyad Allawi, confirmed: "The elections witnessed a public reluctance due to the polluted electoral atmosphere."
Allawi said in a televised statement: "We expected falsification of the election results and public reluctance," noting: "The commission deprived millions of Iraqis abroad from voting, and that only 15 percent of the voters participated in the elections."
He continued, "The recent elections are "miserable" and many people have betrayed them," noting: "The commission's judges do not have experience in managing elections." https://ninanews.com/Website/News/Details?key=946151
Dave butterfly Allawi on that Forbes list also........
Dave "where did you get that"
butterfly US Current Account Deficit Hits 15-Year High
Economic 12/21/2021 | 7:35 PM The US current account deficit hit a 15-year high in the third quarter of 2021, amid a record increase in imports as companies rush to replace depleting stocks.
The US Commerce Department said today that the current account deficit, which measures the flow of goods, services and investment to and from the country, accelerated to 8.3 percent to $214.8 billion in the last quarter, the largest deficit since the third quarter of 2006.
The data for the second quarter was revised to show a deficit of 198.3 billion dollars instead of 190.3 billion dollars as previously reported.
Economists had forecast a deficit of $205 billion in the last quarter.
The gap in the current account represents 3.7 percent of GDP and this is the largest percentage since the fourth quarter of 2008. https://almaalomah.me/2021/12/21/572146/
Dave butterfly Reasonably certain he is on Sadr's Xmas list..........too
butterfly Economists Indicate Government Weakness In Budget Spending
Economic 12/21/2021 | 7:27 PM Experts specialized in economic affairs confirmed that there is a clear government weakness in the field of federal budget spending within the current fiscal year, in light of the achievement of great financial abundance from the rise in global oil prices and the increase in the dollar exchange rate, which greatly affected the livelihood of citizens.
In this context, a member of the Iraqi Economists Association, Miqdam Al-Shaibani, confirmed to the Information Agency, that "the rate of implementation of the federal budget for the year 2021, according to the actual expenditure until October 2021, amounted to only 58.5%, while the rate of implementation of the operational budget until October 2021 was (73%). “.
Al-Shaibani added that "the rate of implementation of the investment budget until October 2021 is only 34%, at a time when the fiscal year is about to end."
He pointed out that "there is a great financial abundance available during the current year due to the rise in oil prices and the change in the exchange rate of the dollar against the Iraqi dinar."
butterfly For his part, the economic expert, Ahmed Abdel Ali, confirmed in an interview with the “Information” agency, that “the government’s performance in the field of financial policy is weak and not commensurate with the cash abundance available during the current fiscal year due to the raising of the dollar’s exchange against the Iraqi dinar.”
Abdul Ali added, "When the countries of the world seek to build their economy, they begin to strengthen their local currency against the dollar, unlike what happened in Iraq, considering this an imbalance in the balance of economic construction and a weakness in government performance in general."
He pointed out that "there is an urgent need to know the value of spending to ensure optimal implementation of the budget to direct financial resources towards achieving comprehensive economic development in the country."
Fears are increasing of a new decline of the dinar affected by a series of collapses in the local currencies of neighboring countries, most notably Turkey and Lebanon. Cars and some interests whose dealings are linked to the dollar, for fear of a sudden collapse of the dinar against the dollar https://almaalomah.me/2021/12/21/572141/
butterfly Al-Mayali: Karbala Refinery Will Provide 30,000 Job Opportunities
Economic Last Update 12/21/2121 | 9:30 PM The Deputy Governor of Karbala, Ali Al-Mayali, confirmed, on Tuesday, that the Karbala oil refinery, which is scheduled to enter active service in the middle of next year, will provide 30,000 job opportunities.
Al-Mayali told the "Information" agency that "the Karbala oil refinery, which is scheduled to enter actual service in the middle of next year, will provide 30,000 job opportunities and will be one of the most important refineries in Iraq in terms of area and production capacity."
He added that "the production capacity of the Karbala refinery reaches 150,000 barrels of oil derivatives per day," noting that it is expected that there will be an oil city inside the refinery to supply the oil market with various products.
He explained that "the refinery will produce high-octane fuel and jet fuel, in addition to the petrochemical industries." https://almaalomah.me/2021/12/21/572167/
Butterfly bbl........
To Be Continued…………………..
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