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Zig’s Place Chat and News Monday PM 4-19-21

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

butterfly   Najaf Governor, Louay Al-Yasiri, announced that the governorate’s share of the budget amounts to / 144 / billion dinars, which does not meet the ambition.

Al-Yasiri said in a televised statement: “The governorate owes 312 billion dinars and must be equitable from its imports, adding that the visitor’s dollar project was not approved in the budget.”

The governor stated that the priority in allocations will be for projects that have achieved high completion rates.

He continued: “Reducing the allocations for self-financing departments is a disaster that will befall the provinces.”

Dave   ARRGG!!! Sounds like no RV soon……according to some in here……?????

Dave  butterfly The Federal Commission of Integrity said that it issued a total of 58 arrest warrants and subpoenas for government officials over several cases it investigated and referred to the Judiciary.

Dave   many arrest warrants served over the many yrs…….like to see 1 mug shot

Dave : Here ya go

Dave   also heard the Integrity commission found at least “Frozen” 120 Billion usd last week, heard that last yr also….figured that could cover alot of the fiscal deficits

Butterfly   The President of the Republic, Barham Salih, made a phone call today with the Secretary-General of the United Nations, Antonio Guterres, to discuss the situation in Iraq and the region.

A presidential statement stated that the political and security developments in the country were discussed, the need to consolidate stability and the rule of law efforts, and to emphasize the importance of easing tensions in the region and overcoming crises through dialogue, and the need to coordinate efforts and work to find joint dialogues to stabilize regional stability. Pointing out that the stability and sovereignty of Iraq is the center and meeting point for the security of the whole region and the interests of its people.

The statement added, as was done, the parliamentary elections scheduled to take place next October, where President Barham Salih stressed the need for effective and serious work and coordination between the United Nations and the Election Commission to secure international monitoring and ensure the integrity of the electoral process in a way that contributes to its success, and to ensure broad participation in it and the expression of will. Free voters, and in a way that guarantees the sovereignty and respect for the independent decision of the Iraqis. ”

For his part, Secretary-General Antonio Guterres welcomed the positive developments in the country, affirming the United Nations’s support for the efforts of the Iraqi authorities to enhance security and stability and consolidate its sovereignty, and to help Iraq face the challenges facing the country in Fighting terrorism and minimizing the effects of the Corona pandemic.

butterfly   Tuesday 20, April 2021 00:04 minister said Water Resources Mehdi Rashid said: Dam Makhoul Strategic will add Khoznah capacity is estimated at 3 billion cubic meters, said in a televised statement that: what we do is to address the crisis and restore things to normal , adding that he can not Astmraramajamlat in the water file and country insupportable problems With this file.

Rashid added that: The ministry’s plans need funding to build dams and reinforce irrigation projects, in addition to the authority the ministry needs in implementing its decisions on water and bypassing quotas and agricultural lands.

butterfly Warning of its implementation .. Advisor Al-Kazemi: floating the currency leads to the collapse of the Iraqi market

2021-04-19 03:28Shafaq News / The appearance of Muhammad Salih, Advisor to the Prime Minister for Financial and Economic Affairs, confirmed on Monday that it is not permissible to float the currency in Iraq, indicating that this leads to the collapse of the market.

Saleh said in an interview with Shafaq News; It is “not permissible to float the currency in Iraq because the market will collapse in this case,” indicating that “the entry and exit of hard currency does not enter the market, which is only an exit for it, but rather the government is the one that brings this hard currency.”

Saleh added, “If the government withdraws its hand, the supply will stop and the demand increases and thus the market will collapse,” stressing that “the float takes place in economies in which supply and demand comes from the market and that the state enters to buy and sell to create a balance in the price with its reserves.”

He pointed out that “the problem in Iraq is that the market is demanding and that the state is offering, and in the event that the Central Bank does not sell the dollar, it means that all the supply has stopped and there is no other offer, and if there is another offer, it is a little offer that is not enough to meet the demand and therefore the prices will rise Because demand will be more than supply. ”

He stressed that “the state is the bidder in Iraq, and therefore if the state tends to float, then this means that there is no supply and thus prices collapse.”

butterfly  Floating currency is completely liberalizing the exchange rate, so the government or the central bank does not interfere in determining it directly, but rather it is secreted automatically in the currency market through the supply and demand mechanism that allows setting the national currency exchange rate against foreign currencies.

It is noteworthy that some officials talk from time to time on the need to float and liberalize the currency to preserve the hard currency reserves at the Central Bank.   shafaq.com

butterfly  Dollar prices continue to rise

04/19/2021 11:30:34   The exchange rate of the dollar rose today, Monday, on the main stock exchange in Baghdad.

The central Al-Kifah and Al-Harithiya Stock Exchange in Baghdad recorded 148,100 Iraqi dinars, compared to 100 US dollars.

While the Central Kifah Stock Exchange recorded 147950 Iraqi dinars during its opening on Sunday morning.

The selling and buying prices witnessed a rise in the exchange shops in the local markets in Baghdad, where the selling price reached 148,750 Iraqi dinars, while the purchase prices reached 147,750 dinars per 100 US dollars.

alforatnews.com

butterfly  Legal expert: Iraq’s exit from the lists of high-risk countries is a big victory  04/19/2021 09:14:35

Legal expert – Iraqs exit from the lists of high-risk countries is a big victoryLegal expert Tariq Harb said today, Monday, that Iraq’s exit from the lists of high-risk countries is a “great political and economic victory” for the government and the Central Bank. Harb said in a statement that Al-Furat News received a copy of, that “many years have passed on the name of Iraq in the lists of high-risk countries, with the consequences of this staircase of great political and economic implications, perhaps the first and most important of which is the impact on investment and the reluctance of non-Iraqi companies to work. In Iraq, the political and social implications. ”

He added, “The Al-Kazemi government and the Central Bank of Iraq have made great efforts, especially in the field of their cooperation, by taking the necessary measures regarding money laundering and terrorist financing. For a while, Al-Waqi’a Iraq has barely been issued and is devoid of publishing international procedures and decisions, especially those issued by the Special Committee.

And related to the UN Security Council in relation to combating money laundering and terrorist financing and other procedures related to seizing the money of those accused of money laundering and terrorist financing, even if they are not Iraqis. ”

He continued, “Also, a higher committee was established in the Central Bank with the mission of combating money laundering and terrorist financing, and these and other measures such as activating the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015, so Resolution 392 of 2021 was issued including raising the name of Iraq from among the countries with high risks,” The government thus deserved and the Central Bank deserved praise and praise for their efforts in raising the name of Iraq from the lists of high-risk countries.

Butterfly   It is noteworthy that the Central Bank of Iraq announced, yesterday, Sunday, the lifting of the name of Iraq from the British classification of high risk countries.   alforatnews.com

butterfly   A strategic partnership between MasterCard and the Central Bank of Iraq to develop payment systems

Monday 19 April 2021 | 12:29   A strategic partnership between MasterCard and the Central Bank of Iraq to develop payment systemsMasterCard signed a partnership agreement with the Central Bank of Iraq to digitize the payment systems in the country, in a move aimed at enhancing financial inclusion, advancing social and economic development, reducing the risks of the shadow economy, and accelerating progress towards a cashless society.

The partnership aims primarily to build an efficient, reliable and secure payment system, which will start with the education sector and then expand to other sectors. Not only will this reduce the use of cash, enhance digital payments and increase government revenues, but also overcome significant operational and administrative deficiencies in the education sector by reducing the excessive use of manual processes.

It is noteworthy that the population of Iraq, of 40 million, depends on cash payments on a large scale, as these payments are used in 99.8% of personal consumption spending transactions that amounted to $ 122 billion in 2019.

butterfly   However, this does not reduce the great opportunities available for digital transformation, as the country has a large smartphone penetration rate of up to 70%, and 22% of the population falls within the category of tech-savvy youth between the ages of 15 and 24. In addition, most students’ parents and guardians have limited options for payment methods, as the majority of students use cash for all their payments.

In light of the fact that parents or students do not have bank accounts, or do not use online payment services, it is very important to work to encourage a change in the way school fees are paid, which will positively affect the payments system and the economy as a whole. Commenting on the partnership, Mrs. Doha Abdel Karim Mohamed said; Director General of the Payments Department at the Central Bank of Iraq:

The work that MasterCard has done in Iraq over the past few years has left a noticeable impact on the country’s financial services sector and greatly enhanced levels of financial inclusion. We, in the Central Bank of Iraq, are fully aware of the vital role that the digital economy plays at this stage, especially enabling the formal economy to grow through a new payment system that is transparent, simple and effective.

We also look forward to working with MasterCard to advance the digital transformation process in Iraq, starting with the education sector. ”Khaled Al-Jabali, Regional President of MasterCard for the Middle East and Africa, said:“

Establishing a digital payments system is very important because it encourages economic development and contributes to Reducing the use of cash and the shadow economy as well. Our work with the Central Bank of Iraq focuses on improving the efficiency of the economy as a whole, starting with educational institutions, by giving students, families and merchants a safer, easier and more comfortable way to pay.

butterfly   The partnership between MasterCard and the Central Bank of Iraq is an important shift that allows the development of an integrated digital payment system that covers the basic pillars of the economy in Iraq, including the use of public policies and systems to curb the shadow economy, the comprehensive modernization of the payments system, and the digitalization of key value chains.

These measures include government revenues and payments, consumer spending, as well as business purchases and salary payments. The partnership between MasterCard and the Central Bank of Iraq is an important shift that allows the development of an integrated digital payment system that covers the basic pillars of the economy in Iraq, including the use of public policies and systems to curb the shadow economy, the comprehensive modernization of the payments system, and the digitalization of key value chains. These measures include government revenues and payments, consumer spending, as well as business purchases and salary payments.  aynaliraqnews.com

Butterfly   Parliamentary Finance responds to the conflicting figures in the 2021 budget

4/19/2021 16:15   Parliamentary Finance responds to the conflicting figures in the 2021 budget[Baghdad-Where]

The Parliamentary Finance Committee responded, on Monday, to the conflicting figures between the 2021 Fiscal Budget Law, which the House of Representatives voted on, and the law published in the official Al-Waqi’a newspaper.

The committee stated, in a statement, that it “has seen some data and the inquiries from some brothers regarding the                                                                                                                                                                                                                                                                                                       fiscal budget law for 2021.”

She added, “There is a clear text in the budget – (g) of Clause 4 of Article 2 first, which stipulated the following:” The Ministry of Finance must adhere to the ceiling of the allocations contained in the amended Table B and redistribute those allocations, in its two parts, both operational and capital, and classifying them on the basis of level doors, sections, chapters, materials, types and sequence type in the ministries of others and entities linked to the Ministry and other provinces in the attached tables. ”

butterfly  She continued:”  She explained, “The amount of oil revenues mentioned in the budget includes what is achieved from the sale of the occasional derivatives resulting from isolation, refining and others, in addition to what is achieved from the sale of the estimated quantities of oil at their predictive prices.”

The committee called for “an examination or question by the specialized committee to find out any questions, questions or misunderstandings in reading the texts of the budget law.”   alliraqnews.com

Sheila   Realize many of you do not like TNT Tony/Rayren,,, but their CC today was interesting. First 30 minutes after intro music was worth hearing, IMHO. Here’s the CC Link: http://tobtr.com/s/11930812 –or– https://www.blogtalkradio.com/rayren98/2021/04/19/tntsuperfantastic-conference-call–monday-april-19-2021.mp3

sandyf   @butterfly Crap my translator won’t transfer it to English. – The majority of documents posted to their sites are scanned images and cannot be translated directly. The text needs to be extracted by OCR and then translated. Tried it many times in the past without much success, usually get garbage. Maybe better OCR available now,good luck.

Butterfly   sandyf everything that come from Iraq instantly is translated but not this budget. Thanks for trying. Sorry I missed your tweet.

butterfly   over…………..not of

 

butterfly   Vladimir Putin will participate in the virtual climate summit scheduled for Thursday via video link

Monday 19, April 2021 23:58      The Kremlin announced Monday in a statement that Russian President Vladimir Putin will participate in a video call (Thursday and Friday) at the international climate summit proposed by his American counterpart, Joe Biden, which will represent Washington’s return to combating climate change after its withdrawal from the Paris Agreement under the administration of Donald Trump.

The Kremlin said that Putin “will present Russia’s approach in the context of establishing broad international cooperation to overcome the negative consequences of climate change.” In the matter, Kremlin representative Ruslan Edelgiriyev held talks with US climate envoy and former Secretary of State John Kerry.

In total, 40 world leaders have been invited to this hypothetical summit. ”

Joe Biden had invited Vladimir Putin and Chinese President Xi Jinping at the end of March to participate in this summit, but the latter has not yet confirmed his participation.

It is noteworthy that Moscow and Washington announced at the beginning of March that they had resumed cooperation on climate with the arrival of the new American administration.

butterfly   Pentagon: We reserve the right to respond to attacks against our forces in Iraq

Monday 19, April 2021 22:57 The Pentagon affirmed that it reserves the right to respond to the attacks against US forces in Iraq.

A spokesman for the ministry said: The recent attacks targeting US forces in Iraq have not achieved their goals.

He added: Washington is coordinating with the Baghdad government and is awaiting the results of the investigation that the Iraqi authorities will carry out.

butterfly   https://www.dailykos.com/stories/2021/4/18/2026544/-Florida-Republicans-are-on-the-verge-of-passing-an-astonishing-number-of-truly-evil-laws Florida Republicans are about to pass a bunch of ghastly evil laws and no one’s paying attention

Sheila   Right Place Wrong Time by Dr John – https://www.youtube.com/watch?v=HT4RainY-lY

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