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Zig’s Place Chat and News Tuesday PM 5-4-21

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

Sheila  Don’t know if this has been posted yet: Iraq to Participate in Buna Payment Platform — https://www.iraq-businessnews.com/2021/01/05/iraq-to-participate-in-buna-payment-platform/

Sheila   — The Central Bank of Iraq (CBI) has reportedly announced its participation in the Arab Monetary Fund’s Buna payment platform.

The AMF describes Buna as a multi-currency payment platform, providing clearing and settlement services, in Arab and international currencies.

Sheila   Posted January 5, 2021: Sources Shafaq News: Iraq to Participate in Buna Payment Platform — https://www.iraq-businessnews.com/2021/01/05/iraq-to-participate-in-buna-payment-platform/

Butterfly   An economic specialist to / NINA /: The lack of commitment from the Kurdistan region to the budget was expected and the payment of their dues is theft to Iraq

Tuesday 04, May 2021 20:02 …………Economic specialist Dergham Muhammad Ali confirmed that the Kurdistan region’s failure to adhere to the budget’s provisions and not deliver its oil to SOMO was expected because it is a scenario that is repeated every year.

He said in a statement to the Iraqi National News Agency ( NINA ) that “the budget law is clear and stipulates that any dues to the region are subject to the delivery of the quantities of oil stipulated in the budget, indicating that if the government disburses any allocations to the region, this is considered theft for all the Iraqi people.”

He pointed out, “The inclusion of the paragraph of the region’s obligations and its share every year has become a kind of absurdity, as successive regional governments have proven that they do not respect Iraqi law and that they seek to include this paragraph only to throw ash in the eyes and that the successive Iraqi governments, except for Haider al-Abadi’s government, have been partners with the region in violation.” Law and stealing Iraq. ”

butterfly  He added, “The House of Representatives must intervene to pressure the regional government to oblige it to its obligations in the budget and to monitor not to disburse any dues unless it fulfills its obligations.”

He called on the Integrity Commission and the Judicial Council, the Supreme Federal Court to protect the financial rights of Iraqis from waste by the federal and provincial government if it has been disbursed any dues to the province, considering that, the delivery of oil product must be retroactive since the entry into force of the budget law. ”

The Ministry of Oil Today, through the official spokesman Assem Jihad, I announced that the ministry has not received a single barrel of oil from the Kurdistan region so far as part of its commitments in the 2021 budget.

butterfly   The Speaker of Parliament receives the new Emirati ambassador to discuss bilateral relations

Tuesday 04, May 2021 20:56 ……………Parliament Speaker Muhammad al-Halbousi received the new Ambassador of the United Arab Emirates, Salem Essa Al-Zaabi.

A statement by Al-Halbousi’s office stated that the interview discussed bilateral relations between the two countries and means of strengthening them, and cooperation in all fields in accordance with common interests, as he stressed that Iraq adopts a policy of openness in its relations with all, in order to enhance security and stability in the region.

For his part, Ambassador Al Zaabi expressed the Emirati leadership’s support for Iraq and its people, and the endeavor to develop bilateral relations and cooperation in all fields.

butterfly   The United States provides $ 20 million to renovate Ibn Al-Khatib Hospital

Tuesday 04, May 2021 20:10 ………………….The US embassy in Baghdad announced, Tuesday, that Washington will provide $ 20 million in assistance to renovate Ibn Al-Khatib Hospital after the fire that broke out in it last week, killing 82 people and wounding more than 100 others.

The embassy said in a statement, “The United States announced today that it has provided urgent assistance to reopen Ibn Al-Khatib Hospital in Baghdad, which was severely damaged in a tragic fire that occurred on the 24th of April.”

She added, “Through a grant from the United States Agency for International Development (USAID), the American Medical Students Association (AMSA), Iraq Branch, began cleaning several floors of the hospital building today,” noting that “in the coming weeks, the USAID will be replaced.” Medical and non-medical equipment destroyed in the fire, including hospital beds, patient monitors, as well as personal protective equipment needed to treat Corona patients.

And she added, “USAID will work with civil defense in Baghdad to install a new fire safety system in the hospital, which will likely include a sprinkler system in addition to smoke detectors, fire extinguishing supplies, fire exits ladders, and emergency signs.” American medical students will erect a memorial to honor the memory of the victims of this tragedy. ”

butterfly    It quoted Acting Assistant Secretary of State Joy Hood as saying, “We hope that this renovation project will put Ibn Al Khatib Hospital back into operation as soon as possible and that the new equipment and fire safety systems will help save lives, while ensuring that such a tragedy will never be repeated.”

The embassy indicated that “this assistance reflects the firm commitment of the United States to improving the health and well-being of the Iraqi people, including its efforts to combat the Corona pandemic,” adding that “President Biden announced in February the US commitment to pay $ 4 billion to the Kovacs facility – where Iraq is one of the largest.” Its members – to vaccinate people all over the globe.

butterfly  Iraqi Dinar/US Dollar auction results 5-4-2021

United States DollarThe results of the foreign currency sale window on Tuesday 5/4/2021, and executed today

Sale date – Tuesday 5/4/2021 and executed today the details   Amount

Total sale for purposes of enhancing funds abroad (transfers, credits) 135,614,174

Total cash sale  39,600,000   Total total sales  175,214,174

Note that:

The sale price of the sums transferred to bank accounts abroad is ( 1460 ) dinars per dollar.

The cash sale price is ( 1460 ) dinars per dollar.    cbi.iq/currency_auction/view/1022

butterfly The American delegation to Saleh: Washington is committed to supporting the security and stability of Iraq and ensuring its sovereignty

05/04/2021 17:04:21   The American delegation to Saleh – Washington is committed to supporting the security and stability of Iraq and ensuring its sovereigntyThe President of the Republic, Barham Salih, stressed, on Tuesday, the need to reduce regional tensions, and to pivot Iraq in facing the challenges of security and the environment in the whole region.

According to the presidential statement, the Euphrates News received a copy of it, “The President of the Republic received, today, at the Baghdad Palace, the American government delegation headed by the White House Coordinator for Middle East and North Africa Affairs Brett McGurk, the membership of the US State Department Adviser Derek Chollet, and the Assistant Secretary of State for Affairs Near East, Joy Hood, and Deputy Assistant Secretary of Defense for Middle East Affairs Dana Stroll.

He added, “During the meeting, they discussed bilateral relations between the two countries and ways to enhance them in the political, security, economic and cultural fields in the context of the strategic dialogue between the two countries and in accordance with common interests, and the importance of continuing work in combating terrorism and eradicating its roots in the whole region was emphasized.”

The statement continued, “The latest regional and international developments of common interest were also discussed.”

butterfly  Saleh stressed that “Iraq is based on a balanced policy that supports paths to defuse crises and reduce tensions in the region, noting that Iraq’s distinguished geographical location, represented in the Mesopotamia since ancient times, while enhancing its security and sovereignty is a pivotal factor and a starting point in facing challenges related to combating terrorism and strengthening peace.” Region, and facing environmental challenges and the causes of climate change and desertification. ”

He pointed out to “work to promote clean energy and sustainable management of water resources, through cooperation through regional and international joint work systems.”

For its part, the American delegation affirmed Washington’s commitment to supporting the security and stability of Iraq, ensuring its sovereignty, combating terrorism and strengthening its economy, and continuing work and joint coordination within the strategic dialogue between the two countries in various fields, in the interest of the two countries and the two peoples.   alforatnews.com

butterfly  Economist: Oil revenues confirm that there is no deficit in the budget

Tuesday 4 May 2021 | 09:28  Economist – Oil revenues confirm that there is no deficit in the budgetThe economic expert, Wissam Al-Tamimi, said, Tuesday, that what was revealed by the Ministry of Oil from revenues for the past month and with the high exchange rate of the dollar, confirms categorically that there is no deficit in the budget, and if any, it is very slight .

Al-Tamimi said, “The recovery of oil prices is a good indicator that confirms the continuation of the rise after the middle of this year for more than $ 65 a barrel, due to the return of industry and the manufacture of Corona vaccines, which will restore commercial activity to the whole world and bypass the closure in some countries .”

He added that “Iraq, as the largest exporter of oil, has achieved a recovery and great revenue, as well as that the government decided to raise the exchange rate of the dollar in the budget, and therefore the financial deficit has been eliminated and if found, it is very slight .”

Al-Tamimi pointed out that “Iraq faces a great opportunity to revive its economy by entering the newly explored gas export market in Diyala and Anbar, despite the control of some countries over this market.”


butterfly   Advisor to the Prime Minister resolves the controversy over the supplementary budget

Tuesday 4 May 2021 | 10:13 a.m.  Advisor to the Prime Minister resolves the controversy over the supplementary budgetThe Economic Adviser to the Prime Minister, Mazhar Muhammad Salih, ruled out, on Tuesday, that there will be a supplementary budget for this year due to the delay in approving the general budget .

Salih said, “I do not expect that there will be a supplementary budget, because the general budget has been greatly disrupted and was approved a short time ago, and usually the country’s budget must be approved at the beginning of the year in order to know its revenues for the half year, and then it is known whether we need a supplementary budget or not “.

He added that “high oil prices do not necessarily mean that there is a supplementary budget, especially since the general budget is built on a deficit, and the price difference is better for the state than borrowing,” noting that “the supplementary budget is usually in the month of June in the middle of the year until it is known.” Better financial revenue . ”

Saleh explained, “The country’s situation determines this matter if there are important projects that need to be implemented after they have been postponed, in addition to the existence of deferred financial projects.”


butterfly   Parliamentary Finance announces the imminent formation of a committee to monitor the implementation of the budget

Posted, 2021-05-04  Parliamentary Finance announces the imminent formation of a committee to monitor the implementation of the budgetMonday, the Parliamentary Finance Committee announced the formation of a committee to follow up the implementation of the budget paragraphs, indicating that it includes all the spectrums in the political blocs.

Committee member Naji Al-Saeedi said in an interview carried by the Iraqi News Agency, “The Finance Committee intends, after approving the budget and publishing it in the Iraqi newspaper Al-Waqa’i’, to form a committee from its members and from the various sects in the political blocs to follow up the implementation of the provisions of the general budget of the Iraqi state 2021. ”

He added, “This committee will follow up all the paragraphs of the budget, whether on the operational side of the budget or the investment side and even the issue of the Kurdistan region,” noting that “during the coming days, this committee will be formed in order to start official work and follow up on the implementation of the budget through the Ministry of Finance and the surrounding departments.” “.

The budget entered into force after it was published in the Iraqi newspaper Al-Waqa’i ’, on April 18, after the President of the Republic approved it on the eighth of the same month.   burathanews.com

butterfly  Cryptocurrency Ether sets a new record……………05-04-2021 ………….. The cryptocurrency ether surpassed $ 3,000, hitting a new record in a dizzying rise, outperforming the larger Bitcoin, as investors bet that ether will be of greater benefit in a future decentralized financial system, according to Reuters.

Ether, the token that traded on the Ethereum blockchain, rose 3% on Bitstamp to $ 3,144.81 in London morning trades. It’s up by 325% for the year so far, easily outpacing a 95% increase in the most popular bitcoin.

James Quinn, managing director at Q9 Capital, a private wealth manager for cryptocurrencies in Hong Kong, said the surge is a offsetting part of the gains made by bitcoin in late 2020.

He also said it also reflects improvements in the Ethereum blockchain, and an increasing shift towards “DeFi,” or decentralized finance, which refers to transactions outside of traditional banking services for which the Ethereum blockchain is an important platform.

“In the beginning, it was Bitcoin that was really driving the rally because with so many institutional investors entering the space, this would be their first natural outlet,” Quinn said.

butterfly   “But as the rally has matured over the past six months, you have DeFi and a lot of DeFi is built on ethereum.”

The launch of ETFs in Canada and the growing demand for ether wallets to deal with non-exchangeable tokens like digital art have also pushed up prices.

The Ether / Bitcoin crossover has risen more than 100% this year and hit a 2.5-year high on Sunday, indicating a degree of rotation in the second-largest cryptocurrency as investors diversify their exposure.

“Rising DeFi volumes continue to push Ethereum prices up as investors gain confidence in cryptocurrencies and see Ethereum as a second safe haven asset,” said Jehan Cho, managing partner at Kenich Capital venture capital in Hong Kong.

To illustrate the momentum for such new transactions, Bloomberg reported last week that the EIB is planning to issue a digital bond via the Ethereum blockchain, while JP Morgan plans to create a managed Bitcoin fund.

butterfly  The Financial Times reported last Friday that venture capital giant Andreasen Horowitz is looking to raise a new fund of up to $ 1 billion to invest in cryptocurrencies and emerging cryptocurrencies, underlining interest in the sector.

Bitcoin, the world’s largest crypto asset with more than $ 1 trillion by market value, regained the $ 50,000 level last week and hovered around $ 58,700 on Monday, up about 4% but well below its high of $ 64,895.22.

Butterfly   Washington clarifies the fact that it concluded a prisoner exchange deal with Iran

Tuesday 04, May 2021 22:35…………………..The White House confirmed that there is no agreement with Iran on an exchange of prisoners, but attempts to release 4 Americans detained by Tehran are continuing.

White House spokeswoman Gene Saki told reporters that any indirect discussions with Iran about a prisoner exchange were separate from efforts to restart negotiations over Iran’s nuclear program.

The US State Department denied its spokesman, Ned Price, the existence of a prisoner exchange deal with Iran, saying that “the reports stating that an agreement was reached to exchange prisoners are not true.”

“We always raise the issues of Americans detained or missing in Iran, and we will not stop until we can reunite them with their families,” Price said, without further details.

Iranian sources indicated that “the United States agreed to pay 7 billion dollars and exchange 4 Iranian prisoners in exchange for 4 American spies who served part of their sentences.”

butterfly  Al-Araji and Hammoudi discuss developments in the political and security situation in Iraq

Tuesday 04, May 2021 23:05…………….The National Security Adviser, Qassem Al-Araji, received the President of the Iraqi Islamic Supreme Council, Sheikh Hammam Hammoudi.

The chancellor’s statement stated that the interview dealt with the latest developments in the political and security situation in the country, ways to enhance community unity and civil peace, and the outcomes of the strategic dialogue between Iraq and the United States of America.

The interview also witnessed the mutual affirmation of the importance of the current stage witnessing the preparation of an atmosphere of understanding and the activation of the national dialogue initiative, in the interest of all, leading to a security, political and social stability that meets the aspirations of all Iraqis.

butterfly  Al-Haddad confirms that the governmental committee regarding the Ibn al-Khatib incident intensified its efforts in the investigations and the Council of Ministers voted on the recommendations

Tuesday 04, May 2021 23:27………….Deputy Speaker of Parliament, Dr. Bashir Khalil Al-Haddad, an observer member of the Governmental Investigative Committee on the Ibn Al-Khatib Hospital fire incident, confirmed that the committee completed its work after several meetings through which it investigated with all those involved, listened to witness statements, and prepared the necessary recommendations in its report. Final to the government.

The Deputy Chairman of the Council said in a statement, “The Council of Ministers voted on the recommendations, the most important of which are:

1- To oblige the Ministry of Health to take legal measures, and to impose disciplinary sanctions against each of Dr. Salman Hamed, Director of Ibn Al-Khatib Hospital, Dr. Na`im Kadhim, Administrative Assistant, and Ahmed Jassam Ali, Responsible.” Civil Defense and relieving them of their posts and demoting the rank of hospital director in accordance with the law

2- Exempting the Director General of Baghdad Health / Rusafa from his position, and obliging the Ministry of Health to take what is required in the implementation of this in accordance with the law.

3- Ending the case of withdrawal of the hand stipulated in Cabinet Resolution No. (140 of 2021) against the Minister of Health and the Governor of Baghdad. ”

The Vice President of the Council called on all ministries, government departments and support agencies to take all precautionary measures and to observe safety and protection standards to prevent the recurrence of accidents in state institutions, hospitals and service departments.

butterfly   The Minister of Trade stresses the importance of mobilizing all efforts to complete the preparation of the Ramadan meal

Tuesday 04, May 2021 23:49………Trade Minister Alaa al-Jubouri stressed today, Tuesday, the importance of mobilizing all efforts to complete the preparation of the Ramadan meal.

Al-Jubouri stressed during his visit to the General Company for Food Trade, “the importance of paying employee support dues and completing them during this day,” stressing “the importance of company employees supporting the efforts made in the file of preparing the ration card and adhering to the official working hours throughout the days of the health ban.” Al-Jubouri praised “the efforts of the employees of the General Company for Foodstuff Trade in preparing the ration card items according to clear mechanisms and within a short period of time, as the company’s cadres, with their creative employees, have succeeded in preparing the sugar and food items for citizens in all regions of Iraq.” / End 8

He pointed to “the importance of stabilizing the supply of sugar and edible oil items and preserving the storage in the stores, as well as preparing good storage for these two items in the stores for emergency conditions under the directives of Prime Minister Mustafa Al-Kazemi.”

sandyf   @ butterfly My VN friend says he “hasn’t heard a * thing”. – That is the way it has always been. My wife was working for Red Bull in Vietnam when I met her in 2005, best kept secret in the world. She still has some friends there and met up with one in HCMC not long before the pandemic started.

Sheila   looks like we may be at one of those redemption centers in about four to five days — lolol

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

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