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Zig’s Place Chat and News Monday AM 4-26-21

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

Butterfly   Governor of the Central Bank and the US ambassador discuss ways of joint cooperation

Monday 26, April 2021 13:21 The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, discussed with the US ambassador to Iraq, Matthew Toller, ways of joint cooperation in the monetary and economic fields.

The two sides stressed during the meeting “the importance of technical support and joint cooperation to advance the reality of the Iraqi banking sector.”

For his part, the ambassador praised the reform plan adopted by the administration of the Central Bank of Iraq towards the banking sector, expressing his country’s readiness to provide various types of support and assistance to the Central Bank and the banking sector in Iraq.

Butterfly   Parliamentary recommendation to complete the budgets of the provinces and send them to the government

Monday 26, April 2021 13:17 The Parliamentary Finance Committee recommended that the governors complete the plans of their governorates for approval by the Finance Committee and send them to the Ministry of Planning for the purpose of implementing them and allocating the necessary funds for them.

butterfly   Oil prices are falling due to the complications of Corona in India

Monday 26, April 2021 11:39 Oil prices fell today, Monday, against the backdrop of fears that the escalation of Covid-19 cases in India will squander demand for fuel in the third largest importer of oil in the world.

Brent crude futures fell 0.6 percent to $ 65.73 a barrel, after rising 1.1 percent last Friday.

US crude futures, “West Texas Intermediate”, fell 0.5 percent to 61.83 dollars a barrel, after rising 1.2 percent on Friday.

On a weekly basis, the two benchmarks lost about 1 percent last week.

butterfly   The dollar is recording a slight increase in the main stock market and the local markets

Monday 26, April 2021 11:20 The exchange rates of the dollar recorded a slight increase today, Monday, in the main stock exchange and local markets in the capital, Baghdad.

And the Central Kifah Stock Exchange in the capital, Baghdad, witnessed the registration of 148,000 dinars, for every $ 100.

The prices of buying and selling dollars increased in exchange offices and local markets in Baghdad, where the selling price reached 148,500 dinars, while the purchase prices reached 147,500 dinars, for every 100 dollars.

butterfly   Rasheed Bank warns against dealing with any party that claims to grant financial advances

Monday 26, April 2021 09:43 Al-Rasheed Bank warned against dealing with any party claiming to grant financial advances.

The media office of the bank confirmed in a statement, that it continues to grant the advances of employees of the ministries of defense and interior as well as retirees electronically, indicating: “The submission is made directly without reviewing the beneficiary to the bank.”

He added, “There is no intermediary between the bank and the beneficiary, and we warn at the same time against dealing with any party that claims otherwise.”

butterfly  Al-Rafidain announces the resettlement of the salaries of the employees of a number of security departments

Monday 26, April 2021 09:47 Al-Rafidain Bank announced the resettlement of the salaries of the employees of a number of security departments in the governorates and granting them an international MasterCard card.

The bank’s media office said in a statement that: “The salaries of a number of security forces’ employees in Wasit, Salah al-Din, Basra, Karbala, Najaf and Anbar were granted and given an electronic card, in order to receive their monthly salaries through it. ”

He pointed out that “Master card holders can benefit from the advantages and financial services that the bank recently launched in terms of advances and loans, and apply for those advances by the bank’s branches scattered in Baghdad and the governorates.”

Butterfly   There is a lot of articles about the hospital fire/deaths/etc. Wounded military (7000) will return, etc etc. So for now I am done. BBL

Butterfly   2021-04-26 07:00  Shafaq News/ Trading volume in Iraq’s stock market surpassed one billion equities valued at more than 795 million dinars on Monday’s session.

A report of the market obtained by Shafaq News agency said, “33 publicly traded companies cast out today of 103 enlisted companies,” indicating, “19 companies were delisted by the Iraqi Securities Commission for violating the disclosure regulations.”

“1,000,160,000 equities were traded today at a value of 795,808,000 dinars. ISX60 index ended up at 593.16, 0.62% less than last session’s close,” the report added.

Iraqiya for dates company, followed by Metal and Bikes company, were the top boosts to the index, notching a 3.77% and 1.72% gain, respectively. In comparison, Iraq’s Baghdad for Transportation and al-Ahliya for agricultural products benchmarks index slid as much as -4.99% and -4.76%, respectively.

It is noteworthy that Iraq Stock Exchange installed Central Depository and Electronic Trading Systems in 2009 and currently bolstering efforts to deploy online transaction services. It organizes five weekly sessions and lists 103 public companies from different economic sectors.

butterfly  2021-04-26 06:47  Shafaq News/ Saladin’s Investment Commission announced today, Monday, that the total investment grants issued by the Commission in 2021 have amounted to 30 in the industrial, agricultural, commercial, and residential sectors.

The Director-General of the Authority, Laith Hamid Al-Jubouri, told Shafaq News Agency that his department granted 30 investment opportunities in the current year in various sectors in trade, agriculture, industry, and housing, indicating that the cost of the granted investment projects amounted to $720,341,250.

Al-Jubouri explained, “the committed granted seven investment opportunities in the commercial sector at $250,600,036, three tourism and entertainment projects at a cost of $2,946,453, eight housing projects at a cost of $421,285,551, four industrial projects at a cost of $6,605,000, three health projects at a cost of $6,421,452, and four projects within the education sector at $5,482,758, and an agricultural project at a cost of $7,200,000.”

Al-Jubouri stated that all the companies are domestic, which secures about 6,500 job opportunities in the governorate.

butterfly   2021-04-26 03:23  Shafaq News / The Iraqi Ministry of Planning announced an increase in the inflation index for March by 0.7% and the annual rate by 4.0%.

The Ministry’s spokesman, Abdul Zahra Al-Hindawi, said in an interview with Shafaq News agency, “The monthly inflation index for last March rose by 0.7% compared to the previous month,” adding, “the annual inflation index also rose by 4.3% compared to the same month in 2020.”

“The increase in the dollar exchange rate since mid-December of 2020 has caused the devaluation of the local currency and the rise in the prices of goods and services, as most of these local goods are imported”, he pointed out.

Al-Hindawi noted that the inflation rate has increased by about 5.6% from November 2020 until March 2021.

Last month, the Central Bureau of Statistics announced that the monthly inflation rate for February increased by 0.7%, while the annual rate increased by 4%.

butterfly   2021-04-26 03:05   Shafaq News / Gold gained on Monday, as surging COVID-19 cases boosted the metal’s safe-haven appeal, aided by a weaker dollar ahead of the U.S. Federal Reserve’s meeting this week, while auto-catalyst palladium held below a record peak scaled last week, Reuters reported.

Spot gold was up 0.1% at $1,778.22 per ounce by 0707 GMT. U.S. gold futures fell 0.1% to $1,775.70 per ounce.

Cases in India registered a record surge, while Japan declared states of emergency for Tokyo, Osaka and two other prefectures on Friday to combat a spike.

Speculators raised their bullish positions in COMEX gold in the week to April 20, the U.S. Commodity Futures Trading Commission said on Friday.

U.S. factory activity powered ahead in early April, while retail sales jumped to a record high in March and hiring accelerated.

Market participants now await Fed’s two-day policy meeting starting on Tuesday. Although no change in policy is expected, the focus will be on Chair Jerome Powell’s press conference.

Palladium rose 1.2% to $2,889.47 per ounce, after scaling a record peak of $2,925.14 on Friday.

Silver fell 0.2% to $25.95 per ounce. Platinum was up 0.6% at $1,237.01.

Doug_W   Silver:$26.15 +0.04

butterfly   2021-04-26 06:20  Shafaq News/ A source in the Iraqi Parliament said on Friday that the Parliamentary Committee for Health and Environment will recommend dismissing the incumbent Minister of Health and Environment, Hasan al-Tamimi.

The source told Shafaq News Agency, “the report will endorse the government’s measures. It will demand relieving the Minister of Health and Environment from his duties rather than just suspending him and holding those responsible accountable.”

Shafaq News Agency published earlier today, Monday, that the Parliamentary Committee for Health and Environment convened behind closed doors to prepare a report on the aftermath of the Ibn Khatib tragedy.

The fire sparked by an Oxygen tank explosion in Ibn Khatib hospital in Baghdad resulted in 88 deaths and 110 injuries.

In the aftermath of the incident, PM Mustafa al-Kadhimi suspended the Minister of Health and Environment, Baghdad’s Governor, and the Health Director of al-Rusafa/Baghdad.

In the same context, the Supreme Judicial Council issued an apprehension order against the director of Ibn Khatib hospital among other employees in the hospital.

butterfly  YW PeteV still a lot of destruction over there. Hopefully they can get it under control.

butterfly   Can New Tech Save Iraq’s Old Economy? 26th April 2021 By Bilal Wahab and Michael Rubin, for The National Interest. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

Can New Tech Save Iraq’s Old Economy?

As the United States recalibrates its relationship with Iraq, the advent of Iraq’s cyber economy also provides an opportunity for the Biden administration to consider how it can encourage the evolution of Iraq’s economy.

The full report can be viewed here. https://nationalinterest.org/feature/can-new-tech-save-iraq%E2%80%99s-old-economy-183244

butterfly   Could Iraq Really Become OPEC’s Largest Oil Producer? 26th April 2021 Writing in Oil Price, Simon Watkins says that there is “no insurmountable reason” why Iraq could not more than double its oil output to 8 million barrel per day (bpd) by 2029.

Click here to read the full story. https://oilprice.com/Energy/Crude-Oil/Could-Iraq-Really-Become-OPECs-Largest-Oil-Producer.html

Butterfly   Launching new batches of internal employees and retired predecessors

Monday 26, April 2021 15:08 Al Rasheed Bank announced today, Monday, the launch of new payments from the predecessors of the Interior Ministry’s employees and retirees.

The media office of the bank said in a statement, which the Iraqi National News Agency ( NINA ) received a copy of, that “the sixth batch was launched from the predecessors of the employees of the Interior, as well as the second batch of the predecessors of retirees.”

The office called on all beneficiaries to whom you send text messages to visit the bank’s branches or electronic payment offices to receive the amount, indicating that “work continues to raise the amounts in the balances of those registered on the advances through the bank’s application.”

butterfly  / NINA / publishes instructions for implementing the General Budget Law 2021

Monday 26, April 2021 16:22 The Iraqi National News Agency publishes instructions for implementing the Federal Budget Law 2021, as prepared and approved by the Ministries of Finance and Planning, and has been formally circulated to all ministries and state departments

butterfly Zarif meets with some heads of Sunni parties and clans in Baghdad

Monday 26, April 2021 16:55 Iranian Foreign Minister Muhammad Jawad Zarif met with the head of the Arab Project Group, Khamis al-Khanjar, and a group of heads of Iraqi Sunni parties and clans in Baghdad.

butterfly Kurdistan Health: The Supreme Committee for Combating Coronavirus will decide to resume the official working hours in schools or not

Monday 26, April 2021 18:22 The Ministry of Health in the Kurdistan Region announced that the Supreme Committee for Combating Coronavirus will decide whether or not to resume the official working hours in schools.

Aso Hweizi, a spokesman for the ministry, said in press statements that the reports that the Ministry of Health had no objection to resuming school hours had nothing to do with the truth, explaining that the health conditions due to Corona are still dangerous, adding that the decision to resume official working hours in Kurdistan region schools needs to be evaluated The Supreme Committee to Combat Corona, to take the most appropriate decision, stressing that no decision has yet been issued regarding the resumption of official working hours in the schools of the Kurdistan region.

butterfly  OPEC’s positive outlook towards the global economy Time: 04/26/2021 17:34:57

{Economist: Al Furat News} The Secretary-General of “OPEC” Muhammad Barkindo said today, Monday, that “OPEC” sees positive signs in the development of the global economy and the prospects for the oil industry.

Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. To subscribe, click here

Barkindo said, “There are positive signs in the global economy and industry expectations,” stressing that many factors still require constant monitoring and vigilance.

The comments came before a planned meeting of the “OPEC +” group, which is scheduled to take place on Wednesday.

Earlier, Russian Deputy Prime Minister Alexander Novak told reporters that the meeting aims to analyze and consider the current situation in the global oil market. He pointed out that until now, the market is assessed as being balanced.

OPEC + has reduced its production by 9.7 million barrels per day since 2020 due to the decrease in oil demand caused by the Coronavirus pandemic, and the cuts were revised to 6.9 million barrels per day this April.

In May, the cuts are supposed to be reduced to 6.55 million barrels per day, to 6.2 million barrels per day in June 2021, and to 5.76 million barrels per day in July 2021.

butterfly  After a series of losses, the “Bitcoin” currency is jumping Time: 04/26/2021 14:58:44

{Economic: The Euphrates News} The “Bitcoin” currency jumped, today, Monday, by 8%, as the most famous currency in the world traded near the level of $ 52,500.

Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. According to CoinDesk, Bitcoin traded at $ 53,354.83, an increase of 7.94%.

Thus, the digital currency ended a series of losses that it recorded in the last period, and the currency had touched its lowest level last Sunday in early March 2021.

butterfly Al-Rasheed launches the sixth meal from the predecessors of the Interior Ministry and the second for retirees

Time: 04/26/2021 14:47  {Economist: Al Furat News} Rasheed Bank announced the launch of the sixth meal from the predecessors of the Interior Ministry’s employees, as well as the second meal from the ancestors of retirees.

Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. To subscribe, click here

And the bank’s media office called, in a statement that {Al Furat News} received a copy of, “All beneficiaries who send text messages to the bank branches or electronic payment offices to receive the amount.”

He added, “Work continues to raise the amounts in the balances of those registered on the advances through the bank’s application.”

butterfly  Al-Rafidain: Resettlement of salaries of employees of some security departments in the governorates and granting them advances

Time: 04/26/2021 08:33:  {Al Furat News – Baghdad} Al-Rafidain Bank announced, on Monday, the resettlement of the salaries of employees of a number of security departments in the provinces and granting them an international MasterCard card.

The bank’s media office said in a statement that Al Furat News received a copy of, that “the salaries of a number of security forces’ employees have been settled in Wasit, Salah al-Din, Basra, Karbala, Najaf and Anbar, and given the electronic card and receive their monthly salaries through it. ” Take advantage of the advantages and financial services that the bank recently launched in terms of advances and loans, and apply for those advances by the bank’s branches scattered in Baghdad and the provinces.

butterfly   Al-Rafidain: Resettlement of salaries of employees of some security departments in the governorates and granting them advances

Time: 04/26/2021 08:33  {Al Furat News – Baghdad} Al-Rafidain Bank announced, on Monday, the resettlement of the salaries of employees of a number of security departments in the provinces and granting them an international MasterCard card.

The bank’s media office said in a statement that Al Furat News received a copy of, that “the salaries of a number of security forces’ employees have been settled in Wasit, Salah al-Din, Basra, Karbala, Najaf and Anbar, and given the electronic card and receive their monthly salaries through it. ” Take advantage of the advantages and financial services that the bank recently launched in terms of advances and loans, and apply for those advances by the bank’s branches scattered in Baghdad and the provinces.

butterfly  granting them an international MasterCard card…….wow

butterfly   Al-Halbousi to Zarif: Iraq adopts a policy of openness with its regional and international surroundings

Time: 04/26/2021 19:38   Speaker of Parliament receives Iranian Foreign Minister

Today, Monday, Parliament Speaker Muhammad al-Halbousi received Iranian Foreign Minister Muhammad Javad Zarif.

During the meeting, they discussed bilateral relations and enhancing the prospects for cooperation between the two neighboring countries, as well as developments in the regional and international situations.

His Excellency indicated, during the meeting, that Iraq adopts a policy of openness and building balanced relations with its regional and international surroundings, and seeks to have a positive role to bring views closer through dialogue and negotiations, and that the Iraqi parliament supports the government’s efforts in this field, stressing that the stability of Iraq It reflects on its neighbors and the region.

For his part, Zarif affirmed his country’s desire to cooperate with Iraq in all fields and strive for a safe and stable Iraq, conveying greetings and condolences to President Rouhani and Speaker of the Shura Council, Muhammad Baqer Qalibaf, on the tragedy of the Ibn al-Khatib hospital fire to his Excellency, while the Speaker of Parliament conveyed the Minister’s greetings to the President Rouhani and the Speaker of the Shura Council, wishing the Iranian people stability and prosperity.

Zig   butterfly : Love that word: INTERNATIONAL

butterfly  Zig That should make everyone happy. Reading and posting these articles, how * would we even know about that.

Zig  butterfly : Do you have any Bitcoin?….I missed that boat….oh well….

butterfly Zig Nope Nada

Zig I was scared to get into it…thought it was a scam….lol

butterfly  I remember way back that you could buy gold, etc etc. Well my friend told me that it was a scam….you pay the money but you don’t have the “gold” in your hands.

butterfly  Filed lawsuits etc and nothing came of it.

Doug_W  paper gold/ silver its still happening

butterfly   Hey PeteV did see where Iraq citizens are going to get “international” credit cards?

PeteV   not yet but i wlll look it up

PeteV   who said a 2d RV is coming??

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