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Zig’s Place Chat and News Sunday AM 4-11-21

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

Butterfly    2021-04-11 08:11   Shafaq News / The President and members of the Federal Court took today the constitutional oath before the President of the Republic, Barham Salih.

Salih said during the swearing-in ceremony, “Iraq has taken an important step towards completing the requirements of one of its most important constitutional institutions.”  On April 10, the Iraqi President, Barham Salih, issued a decree appointing the President and members of the Federal Supreme Court.  According to an official document, Judge Jassim Al-Umairi will assume the position of Court President. Eight other judges are councilors of the court with three reserve members.

butterfly  2021-04-11 04:02  Shafaq News/ The Dinar/Dollar exchange rates maintained the same level in the Iraqi market today, Sunday.   Shafaq News Agency correspondent said that Al-Kifah and al-Harithiya stock exchanges are trading the 100 US dollar at 147,200 Iraqi dinars.

Our correspondent added that today’s selling and buying prices in the local markets rose to 147,750 and 146,750 dinars per 100 dollars.

In Erbil, the capital of the Kurdistan Region, the dollar price also climbed, as the selling price reached 147,500 dinars, while the purchase price amounted to 147,000 dinars per 100 US dollars.

butterfly   (Bloomberg) —    Iraq’s foreign reserves have risen to more than $60 billion, driven by the government’s economic reforms, Prime Minister Mustafa Al-Kadhimi said in a statement.

The OPEC member’s reserves fell heavily last year after the coronavirus pandemic caused oil prices to crash and the economy went into recession. The government devalued its currency by about 20% against the dollar in December.

Iraq’s reserves stood at about $51 billion in October.   ©2021 Bloomberg L.P.

butterfly   2021-04-11 04:47   Shafaq News/ The Secretary-General of Arab League, Ahmed Aboul Gheit, highlighted the AL’s support to Kurdistan Region within the framework of the Iraqi state.

Aboul Gheit’s statements came after his meeting with the Kurdish leader, President of Kurdistan Democratic Party, Masoud Barzani, and the Prime Minister of Kurdistan Region, Masrour Barzani, in Erbil today, Sunday.

Aboul Gheit said, “the Arab League does not interfere in the Internal affairs of the country members. We endorse stability.”

He added, “we attach importance to the Iraqi Federal state and bolstering the cooperation between the Federal nad the Regional government.”

“I sensed eagerness on the part of the Iraqi officials to support the Region within the state of Iraq.”

“Iraq is an important state for AL since it is a founding country. The Kurdistan Region has the identity of Iraq and we support the Region in this regard.”

butterfly   BABY STEPS………..

EYEGUY   Im keeping an EYE on things but I didnt buy so much that I would regret it and at the same time @1 to1 a cool mil

Clay  EYEGUY agree

EYEGUY  in the beginning I thought this would pull me out of my financial hole

Clay was always for 3.86 but after all this time would be ecstatic at 1 to 1

Clay   we all did unfortunately

EYEGUY well in 12 I`ve been fortunate so when this POPs …..it certainly will be a YAHOO!

Butterfly  Members of the Federal Supreme Court took the constitutional oath in front of the President of the Republic, Barham Salih, at the Peace Palace in Baghdad, in the presence of the President of the Supreme Judicial Council, Judge Faik Zaidan.

Speaking to members of the Federal Court after the end of the swearing-in ceremony, the President of the Republic said: “Iraq has taken an important step towards completing the requirements of one of its most important constitutional institutions,” stressing: “The Federal Court is the faithful guardian of the democratic system, protection of public rights and freedoms, ensuring law enforcement and maintenance The constitution, overseeing the constitutionality of laws and regulations. ”

Saleh added: “Completing the formation of the Federal Court represents an important and fundamental step towards completing the legal and constitutional requirements for holding early elections, which represent a national and popular entitlement that the Iraqis look to, to express their will, away from all influences to embark on a new stage on the road to building a political process that promotes a parliament.” It expresses the will of the voters.”

Butterfly   The Supreme Commission for Establishing the Sharia Vision announced that the day after tomorrow, Tuesday, is the first day of the blessed month of Ramadan.

Butterfly   The head of the political body of the Sadrist movement, Dr. Nassar Al-Rubaie, received a delegation from the Kurdistan region headed by Nechirvan Barzani, President of the region, at the headquarters of the Commission in Baghdad.

He said al – Rubaie , according to the statement of the Commission “that the next elections will be a real turning point on contemporary Iraq , and there will be similar to a real between popular presence and political representation under the dome of the parliament.

Among al – Rubaie , ” The budget is the structure on which will build the relationship between the center and the region , adding , “We did not look for the budget On its own, but we wanted it to be a basic building block for solving all problems, Barzani stressed that the regional government is fully committed to implementing the provisions of the budget.

Butterfly   The head of the Iraqi Journalists Syndicate, Moayad Al-Lami, confirmed that laying the foundation stone for the large Faw port project is the start of a new and promising economic environment for the future of Iraq.

Al-Lami said in a tweet to him that: Laying the foundation stone for the Grand Faw Port project by Al-Kazemi and starting work on this strategic project is to start with a new and promising economic vision for the future of Iraq … We hope that officials in the Ministry of Transport will follow-up and work with the implementing company to overcome any obstacles in order to accomplish This is a great project. ”

Dave   Clay Buttefly posts some Kewl stuff lately….I like it

butterfly   General Electric Energy Company, the Iraqi Ministry of Finance and their financial partners celebrated the completion of the financial aspect of the PUP4 project.

The “General Electric” has played a pivotal role in bringing together the Iraqi ministries of finance, electricity and planning with many financial institutions, including the Union for Export Credit in the United Arab Emirates and commercial banks and others in order to secure the necessary financing for the project.

Dr. Thani bin Ahmed Al-Zeyoudi, Minister of State for Foreign Trade in the United Arab Emirates and Vice Chairman of the Board of Directors of the Union Export Credit Company, said: Open economies and public-private partnerships can play a pivotal role in supporting countries’ endeavors to develop vital infrastructure.

He added: This matter has been embodied in the PUP4 project, which will witness the provision and export of major services from General Electric centers in the UAE, which gives us the opportunity to provide financial support through the ‘Union Export Credit’ and put forward a scenario that ensures the achievement of Benefit to all parties. This initiative is in line with our wise leadership’s vision to strengthen regional cooperation frameworks that will contribute to improving the quality of life for people across the Middle East and beyond.

butterfly     For his part, the Ambassador of the Republic of Iraq to the United Arab Emirates, Dr. Muzaffar Al-Jubouri, said: The visit of Dr. Mustafa Al-Kazemi, Prime Minister of the Republic of Iraq to the United Arab Emirates recently came as an affirmation of the close relations between the two brotherly countries, and coincided with the increasing focus that the State attaches to Emirates to invest in Iraq in support of the country’s social and economic progress.

He added: The distinguished support that the “Union for Export Credit” will provide for the electric power increase project (PUP4) is a clear indication of the depth of the partnership between the two countries and will certainly contribute to advancing the development of the electricity infrastructure in Iraq.

For his part, Director General of the Public Debt Department at the Iraqi Ministry of Finance, Khaled Murad, said: Electricity is the backbone of modern life, hence the importance of financing that will be secured through the support of General Electric and other partners to ensure the smooth running of operations in the power plants. Main electrical power in Iraq, thus helping us to make better use of the current stations and provide the electricity that people depend on in their homes and businesses.

butterfly     He added: On the future level, there are many opportunities to enhance the Iraqi energy sector through more investments, and we look forward to continuing to focus on developing similar valuable cooperation activities in the future.

In turn, the CEO of General Electric Gas Energy in Europe, the Middle East and Africa, Joseph Anis, said: Thanks to its close work with the ministries of finance, electricity and planning in Iraq, GE cooperated with many financial institutions in the public and private sectors to secure more financing. About $ 2.4 billion since 2015 in support of energy sector projects across the country.

He stressed commitment to continue facilitating investments coming from various institutions, providing pioneering technologies at the sector level, and working with our team of local specialists on the ground to achieve results that contribute to strengthening the Iraqi energy sector and achieving growth and prosperity for all, whatever the circumstances.

Dave   Sparky Seem to be pushing forward with the Constitutionality of things as far as the Kurds are concerned…….Kurds Pleased

butterfly  The Ministry of Transport announced, on Sunday, that the Korean company implementing the Faw Port project has started field survey work, after laying the foundation stone for the project this morning, in the presence of Prime Minister Mustafa Al-Kazemi.

The ministry said in a statement, “Prime Minister Mustafa Al-Kazemi inaugurated today, Sunday, a project to build five giant berths for unloading ships with a length of 1750 meters, which were implemented within the contract concluded with the Korean Daewoo Company, which began the field survey procedures in preparation to start its work on the project, in the presence of the technical agent of the Ministry of Transport. The governor of Basra, representatives, directors of formations, and a large group of journalists and media professionals.

She added: “This gigantic project will include the construction of a container yard with a length of 1750 meters, the project of dredging and digging and the construction of a navigation channel inside the port basin with a length of 10 km inside the port, and 13 km outside the port to connect it with the international navigation channel, and the construction of a highway linking the port and the city of Umm Qasr with a length of 63 km. And the construction of a tunnel under the Khor Al-Zubair channel that connects to the side of the eastern road.

The ministry affirmed, “This project is the vital artery and the backbone of the country’s economic life, as it will connect the eastern region with Europe through Iraq, Turkey and Syria, with the so-called dry canal. Once completed, it will become the largest port overlooking the Gulf and the tenth at the level of the world, as its production capacity will reach 99 million tons according to the designs made. Developed by the Italian consulting firm Tactical .

Butterfly    ……….The last paragraph is something that should have been done a long time ago, but now they realize what harm they have done to themselves. Keeping fingers crossed that this will help the citizens of Iraq.

Sparky   butterfly … is that part of the ” Silk Road ” project ?

Sparky  … good verbage anyway …

butterfly  Sparky could be, at this time, I have no clue lol ALL I can see is that they are moving forward, which is totally awesome. I see the only thing they have left, is to get rid of the corrupt members.

butterfly   It will be an adjustment for the citizens. Just like a member of a cult, it takes a very long time to get out of a dictatorship.

butterfly  mindset

Sparky    … yes, I agree …

Sparky  … the corruption in Iraq is rampant, as the world’s wealthiest peeps include many Iraqi politicians .

Sparky  … wait until Jeff Bezo gets his foot in the door there …

Sparky  … though he utilizes incredible amounts of oil and gas perfecting his trade … he should be footing the bill for the entire infrastructure project here in the states …

Butterfly   The Ministry of Endowments and Religious Affairs in the Kurdistan region announced the reopening of the doors of mosques during the month of Ramadan.

The ministry said in a statement that the doors of the mosques will open during the month of Ramadan, pointing out that evening and taraweeh prayers should not take more than 35 minutes.

She added: Those who are fasting must perform ablution in their homes and adhere to health instructions by wearing masks and maintaining distance, noting that special committees will close any mosque that violates the preventive instructions.

Dave   butterfly so much fer freedoms in Iraq

Butterfly   Minister of Health and Environment, Dr. Hassan Al-Tamimi, received a new batch of Chinese Sinopharm vaccine, on Sunday evening, at Baghdad International Airport.

The minister explained that this is the second meal from the Chinese side by (200,000) doses in support of Iraq in its confrontation with the pandemic, indicating that an integrated plan has been prepared to deliver the vaccine to all provinces and the Kurdistan region.

He stressed that vaccines are available to all Iraqi citizens, and that Iraq is the first and only country that delivers the vaccine directly and in a series through its health outlets.

The minister added that Iraq today suffers from an escalation in the preparation of injuries, due to the citizen’s negligence in not adhering to health directives.

He pointed out that the only solution to overcome the pandemic pandemic is cooperation with the health institution, and that receiving the vaccine is a great support to eradicate the virus.

The minister expressed his high thanks and appreciation to the Republic of China and all the efforts made to provide the vaccine and to the security services that supported the efforts of the Ministry of Health.

This morning, the minister received the first meals of the American Pfizer vaccine via Baghdad International Airport.

Butterfly  The Iraqi national team topped with athletics, the first day of the Asian Grand Prix races, which are taking place in the Iranian city of Mashhad, with the participation of 14 countries. Where the Iraqi team added two gold and a bronze, to make the number four gold and bronze on the first day of the race.

The Executive Director of the Federation, Dr. Zaidoun Jawad, said that the delegation of our team added a gold and bronze medal in the 400 m race,

where Taha Hussein Yassin won a gold medal in a time of 46.22 seconds, while his colleague Muhammad Abdul-Ridha Janjoon won the bronze medal for the same race in 47.31 seconds.

He indicated that the Iraqi team of the 4 x 100m sub-team composed of Falah Abdul Zahra, Aktham Yunus, Hassan Hussein and Hussein Ali Nahi managed to win the gold medal, so that the sum of the medals would be 4 gold and one bronze.

It is noteworthy that Iraq won the 100m gold medal by runner Hussein Ali, and the 11m hurdles race by the runner Muhammad Saad.

Butterfly   The Iraqi national team topped with athletics, the first day of the Asian Grand Prix races, which are taking place in the Iranian city of Mashhad, with the participation of 14 countries. Where the Iraqi team added two gold and a bronze, to make the number four gold and bronze on the first day of the race.

The Executive Director of the Federation, Dr. Zaidoun Jawad, said that the delegation of our team added a gold and bronze medal in the 400 m race,

where Taha Hussein Yassin won a gold medal in a time of 46.22 seconds, while his colleague Muhammad Abdul-Ridha Janjoon won the bronze medal for the same race in 47.31 seconds.

He indicated that the Iraqi team of the 4 x 100m sub-team composed of Falah Abdul Zahra, Aktham Yunus, Hassan Hussein and Hussein Ali Nahi managed to win the gold medal, so that the sum of the medals would be 4 gold and one bronze.

It is noteworthy that Iraq won the 100m gold medal by runner Hussein Ali, and the 11m hurdles race by the runner Muhammad Saad.

Butterfly  Deputy Chairman of the Parliamentary Energy Committee, a member of Parliament for Kirkuk, Rebwar Taha, announced that the Minister of Oil agreed to disburse dues of more than 1,200 graduates from all components of Kirkuk, contracted with them

Butterfly  Economist: The opening of the Al-Faw port will make Basra the economic capital of Iraq

Butterfly   Ramadan starts in a few days, with many restrictions, so we will have to see how that comes out. Maybe they will be working on getting Iraq back if the big dogs work through Ramadan.

butterfly   This probably doesn’t interest some, but, to me, it is a jaw dropper: A 3,000-year-old ‘lost city’ may be new boon for Egypt tourism………………………Archaeologists in Egypt have discovered a 3,000-year-old “lost city” buried under the sands in Luxor, home to the Nile Valley’s famed Valley of the Kings, the latest pharaonic-era wonder to be unearthed as the country seeks to revive its tourism industry.

The city, known as the “The Rise of Aten,” dates to the reign of Amenhotep III which began around 1,390 BC, and was later used by successors including Tutankhamun, according to a statement on Thursday from the Egyptian mission that made the find.

“The discovery of this lost city is the second most important archaeological discovery since the tomb of Tutankhamun,” Betsy Bryan, professor of Egyptian art and archeology at Johns Hopkins University in Baltimore, said in the statement.

It offers “a rare glimpse into the life of the Ancient Egyptians at the time where the empire was at its wealthiest,” she said.

The announcement comes less than a week after Egypt staged a grandiose parade to move 22 royal mummies to a new Cairo museum that celebrates the country’s ancient heritage. The procession, which featured trucks adorned with pharaonic designs, was carefully choreographed to bolster interest in Egypt’s important tourism industry, which has been hit by the pandemic.

butterfly  ECONOMICS    News Wire   Apr 9, 2021

A 3,000-year-old ‘lost city’ may be new boon for Egypt tourism

Mirette Magdy, Bloomberg News    Exploit mean reversion as markets buy into travel and leisure recovery: Citi’s Kristen Bitterly

Archaeologists in Egypt have discovered a 3,000-year-old “lost city” buried under the sands in Luxor, home to the Nile Valley’s famed Valley of the Kings, the latest pharaonic-era wonder to be unearthed as the country seeks to revive its tourism industry.

The city, known as the “The Rise of Aten,” dates to the reign of Amenhotep III which began around 1,390 BC, and was later used by successors including Tutankhamun, according to a statement on Thursday from the Egyptian mission that made the find.

“The discovery of this lost city is the second most important archaeological discovery since the tomb of Tutankhamun,” Betsy Bryan, professor of Egyptian art and archeology at Johns Hopkins University in Baltimore, said in the statement.

It offers “a rare glimpse into the life of the Ancient Egyptians at the time where the empire was at its wealthiest,” she said.

The announcement comes less than a week after Egypt staged a grandiose parade to move 22 royal mummies to a new Cairo museum that celebrates the country’s ancient heritage. The procession, which featured trucks adorned with pharaonic designs, was carefully choreographed to bolster interest in Egypt’s important tourism industry, which has been hit by the pandemic.

butterfly   Excavations by a team under Egyptian archaeologist Zahi Hawass started work in September 2020 and soon found a large, well preserved city, with intact walls, a bakery and ovens, tombs, and rooms filled with the tools, as well as rings, scarabs and colored pottery. Evidence of several industries, including spinning and weaving, metal manufacture and glass-making, was also found. The mission was conducted jointly with Egypt’s Ministry of Tourism and Antiquities.

Historical records suggest the settlement consisted of three royal palaces belonging to King Amenhotep III, as well as the empire’s administrative and industrial center. Mud bricks bearing the pharaoh’s seal, or cartouche, confirmed the dating of the city.

Further work at the site could help explain what Bryan described as one of the age’s greatest mysteries: Why did Amenhotep III’s son Akhenaten and his wife Nefertiti move the dynasty’s capital to a new location at Amarna?

The coronavirus pandemic cut tourism revenue to US$801 million in the three months from last July, compared to US$4.2 billion in the same quarter a year earlier, according to the central bank.

butterfly   NOTHING HAS CHANGED HERE: 2021-04-11 04:02   Shafaq News/ The Dinar/Dollar exchange rates maintained the same level in the Iraqi market today, Sunday.

Shafaq News Agency correspondent said that Al-Kifah and al-Harithiya stock exchanges are trading the 100 US dollar at 147,200 Iraqi dinars.

Our correspondent added that today’s selling and buying prices in the local markets rose to 147,750 and 146,750 dinars per 100 dollars.

In Erbil, the capital of the Kurdistan Region, the dollar price also climbed, as the selling price reached 147,500 dinars, while the purchase price amounted to 147,000 dinars per 100 US dollars.

Sparky   butterfly … de-valued from 11170 to 1450 .. ?

Sparky   … ^1170 …

Sparky   … maybe taking a step back, to re- organize, and then float to a value the world agrees to …

butterfly  It states per hundred.

Sparky  … after reforms are actually enacted …

Sparky   … yes, USD … petro dollars still prevail, as is not the case for the surrounding leaders that wanted to go to a gold backed dinar …

Sparky  … they no longer walk the earth …

butterfly   I learned a very long time ago, I don’t guess on anything that might help. I will wait for the international announcement. Until then I can see that they are trying to help their citizens, which is more important to me. The old saying………happy wife…….happy life. lol

Sparky   … good advise …

Sparky  … I have learned, nothing surprises me … could go to $20 bucks tomorrow for all that I know … we are dropping trillions of dollars each year …

Sparky  … we don’t even consider billions anymore …

Sparky  … but, there is a differnce from giving money to your donors, as opposed to re building the country which will pay it back with employment …

Sparky … I need to spell check before posting more myself …

Dave  figure that the IQD under valued previously… more so now? CV low oil pricing seemed to hurt their economy being dependent on oil alone…..CBI speaks now about revaluing……… back to its undervalued 1186 value? Think this what CBI is talking about?

Dave  For the prosperity of all IRAQis……?

Dave 1186 good value then.. Iraqis should be very pleased with that

butterfly  Police forces have arrested a gang dealing in counterfeit dollar currency.

The Police Directorate said in a press statement, “Detachments of the anti-criminal crime have managed to arrest a gang of three people who trade in the counterfeit dollar, with the flagrante delicto, after luring them in and setting a tight ambush for them.”   And she added, “20 thousand forged dollars were seized from the gang members.”

Dave  Sanctions killed the IQD…….at less than 1/10 of a cent….figured they had more wealth than that……

Dave butterfly Dont bother counterfeiting IQD…no value in that

butterfly  Dave I have to find where I put them to even attempt counterfeiting them lol

Dave lol     aint worth the ink…..

butterfly   There has been a lot of articles about killing/confining ISIS. Blowing up their hiding places, etc. Didn’t DJT repeat over and over he got rid of ISIS?

Doug_W he destroyed the califate not the entire ideal

Dave  ISIS is an ideology fer each they kill they can find replacements

butterfly  Dave yup

butterfly  and we have our own home grown terrorists right here in the USA.

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