Zig’s Place

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Zig’s Place Chat and News Wednesday AM 6-9-21

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

butterfly   A continuous rise in the exchange rates of the dollar in the local markets

Wednesday 09 June 2021 12:24…………The dollar exchange rates continued to rise, on Wednesday, in the main stock exchange and local markets.  Today, the Al-Kifah and Al-Harithiya Stock Exchange in Baghdad recorded 150,000 thousand dinars, for each $100 bill.

The prices of buying and selling the dollar also increased in banking offices and local markets in Baghdad, where the selling price reached 150,500 dinars, for each denomination of 100 dollars, while the purchase prices amounted to 149,500 dinars, for each paper denomination of 100 dollars.

butterfly   An economic expert for / Nina / The rise in the price of the dollar will encourage traders and speculators to raise the prices of basic foodstuffs and harm the citizen / Expanded

Wednesday 09 June 2021………The expert in economic affairs, Malaz Al-Amin, confirmed that the local market faces a great challenge as a result of the high exchange rate of the dollar compared to the dinar.

Al-Amin said in a statement to the National Iraqi News Agency ( NINA ) that “this rise and its lack of control by the Central Bank will encourage traders and speculators to raise the prices of basic foodstuffs, which will cause harm to the poor and the profitable segment.

” He added: It requires the government and the Central Bank in particular to work seriously on Maintaining exchange rates, especially since Iraq’s financial revenues from selling oil have increased with the rise in crude prices in the global market to nearly $70.

He continued: The central bank can increase the pumping of dollar quantities into the market to control an appropriate dollar exchange rate at the same time. The government should continue its support for the poor through the ration card, provide new job opportunities for the unemployed, and stimulate the private sector, especially the productive ones, such as agricultural, industrial and tourism, as well as transportation and others.

UNEEK    Major Law Enforcement Operation Busts Up 300 Crime Rings, Recovers Millions in Crypto Sebastian Sinclair Tue, June 8, 2021, 9:36 PM

UNEEK    One of the largest law enforcement operations against encrypted criminal activities to date has seized  millions in crypto and penetrated over 300 criminal syndicates.

UNEEK   More than 700 house searches saw the arrest of 800 persons from over 300 criminal rings and seizure of eight tons of cocaine, 22 tons of cannabis and cannabis resin as well as two tons of amphetamine and methamphetamine.

Doug_W   I saw that how cool

UNEEK   Additionally, 250 firearms were seized alongside 55 luxury vehicles and more than $48 million in various global currencies, including cryptocurrencies, according to the report.

UNEEK   https://finance.yahoo.com/news/major-law-enforcement-operation-busts-013620672.html

butterfly  Since 2019, the U.S. Federal Bureau of Investigation (FBI), in coordination with the Australian Federal Police…………..so they have been collecting this since…………..2019!!!!!!!! I will say they always take their time with the high rollers, but dare a poor man do something even minute compared to this and their ass would be wearing an orange outfit and the keys would be thrown away.

butterfly   <<<<<<<<<<<<<<<<<Now this is interesting>>>>>>>>>>>>>>>>>>>>

The World Bank confirms its readiness to lend to Iraq if requested to do so

Wednesday 09 June 2021…………………..The World Bank confirmed its readiness to respond to any request submitted by the Iraqi government regarding loans, even though it “has not requested a loan yet.

The representative of the Bank in Baghdad, Ramzi Numan, said in a press statement, that Iraq has drawn up a policy to improve the country’s economic reality through commitment In the reform white paper, however, he is still facing economic crises, stressing that the World Bank is ready to help Iraq if the Iraqi government asks us to do so, as the government so far has its financial and economic plans, and that the World Bank is working with the Iraqi government on a new project to promote vaccines related to The Corona pandemic, and this is what the government requested in this context, and it does not come within the portfolio owned by Iraq.”

He added, “The Iraqi government has not yet requested a loan from the World Bank, and we have all the readiness and are open for direct dialogue and are ready at any moment to cooperate, as we are trusted partners with Iraq, and we are interested in supporting Iraq in the path of stability.”

butterfly   Masrour Barzani arrives in Brussels on an official visit

Wednesday 09 June 2021……………The President of the Kurdistan Regional Government, Masrour Barzani, arrived in the Belgian capital, Brussels, at the head of a government delegation on an official visit that will last for several days.

The Prime Minister’s media office said in a statement: “During the visit, Masrour Barzani will meet with senior Belgian officials and will discuss with them ways to strengthen bilateral relations and continue cooperation and coordination between the Peshmerga forces and the international coalition to confront terrorism.”

butterfly     Al-Kaabi was surprised by the government’s challenge to the petrodollar clause in the budget

Wednesday 09 June 2021……….The First Deputy Speaker of the House of Representatives, Hassan Karim Al-Kaabi, expressed his surprise at the government’s challenge to the article on the establishment of the petrodollar fund in the federal general budget law for the year 2021.

Al-Kaabi said in a press statement: “We were very surprised that one of the appeals submitted by the government before the Federal Supreme Court regarding the Federal General Budget Law No. 23 of 2021 contained the text of Article (2-I-8), which includes the establishment of the Petrodollar Fund in all producing provinces. Crude oil, refined oil or gas, is managed by the concerned governor and is financed monthly from the increase in the price difference occurring in the selling prices of crude oil over the price fixed in the budget law.

He added: “The inclusion of this legal text by the House of Representatives was intended to support the oil or gas-producing governorates as they represent a main source for financing the state’s financial budget, especially the oil exported by Basra, which contributes significantly and effectively to securing the necessary financing. infrastructure projects and the provision of necessary services to those governorates.

He pointed out: “The government has the right to challenge and exercise this right constitutionally, but what is surprising here is that the Minister of Oil and his ministry, which is the relevant sectoral authority, is from the people of Basra Governorate, which is considered the first producer and source of Iraqi oil, and it was rather in accordance with the considerations of fulfillment of these The governorate, formally confirming its objection in the meetings of the Council of Ministers to the inclusion of such an appeal far from the public interest and the people’s interest, within the government’s appeals to the budget law.”

Butterfly   2021-06-09 06:46   Shafaq News / the Central Bank of Iraq on Wednesday, announced increase in the foreign currency exchange.

Shafaq News Agency correspondent said that the foreign currency auction of the Central Bank of Iraq recorded an increase to 217,769,857 dollars which the bank covered at an exchange rate of 1460 dinars per dollar.

He added that the sales operations were in the form of wire transfer and credits (196,769,315$) and cash money (21,000,000$).

Last December, Iraq’s central bank increased the sale price of U.S. dollars to banks and currency exchanges to 1,460 dinars, from 1,182 dinars, seeking to compensate for a decline in oil revenue due to low crude prices.

The central bank of Iraq said the key reason behind the dinar’s devaluation was to close the gap of widened 2021 budget inflation after a collapse in global oil prices, a major source of Iraq’s financial resources.

butterfly  2021-06-09 05:20  Shafaq News / The dollar exchange rates climbed in the Iraqi market today, Wednesday (June 9, 2021).

  • The Kifah Stock Exchange recorded 150,500 dinars, for $ 100.
  • The Al-Harthiya Stock Exchange recorded 150,500 dinars for 100 dollars.

In Baghdad    Selling prices in the banking stores in the local markets

  • Sale price: 151,000 dinars for $ 100  • Purchase price: 150,000 dinars for $ 100

For his part, a government source said to Shafaq News Agency “the rise in dollar prices in local markets is temporary,” noting that “as soon as the bank increased its sales of the currency by 25 %, there dollar’s prices will drop.”

butterfly   2021-06-09 04:58  Shafaq News/ Iraq’s parliamentary Finance Committee commented, on Wednesday, on the continuous rise in the price in the U.S. dollar against the dinar in the local markets.

Committee member Ahmed Al-Haj Rashid told Shafaq News Agency, “The rise in the dollar’s exchange rates against the Iraqi dinar came due to the swift change in supply and demand and the merchants’ dependence on the foreign currency as they prefer it over the local currency.”

He added that “many citizens store dollars in their houses, preferring it over the Iraqi dinar, and this is another reason for the high exchange rates.”

The dollar exchange rates climbed in the Iraqi market today, Wednesday, recording 150,500 dinars for $ 100.

The Selling prices in the banking stores also rose in the local markets.

The Sale price reached 151,000 dinars for $ 100 while the Purchase price is 150,000 dinars for $ 100

butterfly  2021-06-09 02:44   Shafaq News/ Gold traded in a tight range on Wednesday as investors eyed more data on U.S. inflation and cues on monetary policy from the European Central Bank, while weaker bond yields offered some support to the metal.

U.S. benchmark 10-year Treasury yields were hovering near more than a month’s low, while the dollar index held firm.

Spot gold was up 0.1% at $1,893.80 per ounce, as of 0524 GMT, while U.S. gold futures rose 0.1% to $1,896.60.

“What I am looking at is the build-up to the FOMC meeting … the Fed may start to discuss about taper and this is getting highlighted,” Stephen Innes, managing partner at SPI Asset Management, said.

“The market is still of the opinion that it (the Fed) is going to a dovish taper and we have inflation aspects, which should be relatively positive for gold.”

On Thursday, traders will keep a close watch on the ECB’s policy meeting as well as the U.S. consumer price index report to gauge the Federal Reserve’s steer on monetary policy.

The U.S. central bank is expected to hold its policy meeting next week.

U.S. Treasury Secretary Janet Yellen on Sunday noted that a slightly higher interest-rate environment “would be a plus for society’s point of view and the Fed’s point of view.”

Data out of China showed May factory gate prices rose at their fastest pace in over 12 years, while consumer prices increased for the third straight month.

“We expect further gains (to gold) in the coming months amidst rising inflation pressuring U.S. treasury real yields, a weak U.S. dollar and renewed waves of COVID-19 infections,” Fitch Solutions said in a note.

Silver was steady at $27.64 per ounce, palladium eased 0.1% to $2,803.13, while platinum fell 0.1% to $1,160.08.    Source: Reuters

Doug_W   Silver:$27.82 +0.11

butterfly   2021-06-09 07:12   Shafaq News/ Iraq’s Security Media Cell reported on Wednesday that 18 ISIS members had been arrested in Nineveh, northern Iraq.

The Cell said in a statement, “the Federal Intelligence and Investigation Service’s detachments in the Ministry of Interior arrested 18 terrorists in separate areas of Nineveh Governorate.”

The detainees are wanted for their affiliation with ISIS in the so-called “The Wilaya of Nineveh”, , the camps, Diwan al-Jund, Nahawand Division and other sectors.

According to the statement, “the terrorists confessed to participating in terrorist operations against the security forces and citizens before the liberation operations.”

In 2017, Iraq declared final victory over ISIS after Iraqi forces drove its last remnants from the country, three years after the militant group captured about a third of Iraq’s territory.

The war has had a devastating impact on the areas previously controlled by the militants. About 3.2 million people remain displaced.

Yet, ISIS still has sleeper cells in several Iraqi Governorates.

butterfly   2021-06-09 06:32   Shafaq News/ The Lebanese Parliament Speaker, Nabih Berri, sent a thanks wire to the Iraqi Prime Minister, Mustafa al-Kadhimi, after the latter’s cabinet approved doubling the fuel supply to Beirut.

“With great thanks and gratitude, we were informed about your, and your government, approval to supply Lebanon with one million tons of crude oil at a rate sufficient to meet half of Lebanon’s need of this substance annually,” Berri said.

“On behalf of the parliament and the Lebanese people, I extend my heartfelt thanks to Iraq’s president, government, council, and people, wishing you success and exalt, and for Iraq more progress, stability, and prosperity.”

In its session today, Iraq’s cabinet approved a deal to supply Lebanon with extra 500,000 tonnes of fuel a year. Pursuant to this decision, Baghdad will be supplying Beirut with a total of one million tons of fuel a year, which covers nearly half the Mediterranean country’s needs.

butterfly   The central bank sells the highest amount of dollars since the exchange rate change

06/09/2021………{Economic: Al Furat News} The Central Bank of Iraq sold, today, Wednesday, the highest amount of the dollar since it changed the exchange rate on December 19, 2020.

The total sales of the foreign currency auction of the bank today amounted to 217 million and 769 thousand and 315 dollars.

The total sale for the purposes of strengthening balances abroad (transfers, credits) in today’s auction was 196 thousand and 769 thousand and 315 dollars, and the total cash sale was 21 million dollars.

On January 19, the Central Bank of Iraq decided to make a major change in the dollar exchange rate and decided to amend it as follows:

1450 dinars per dollar, the purchase price of foreign currency from the Ministry of Finance.

1460 dinars per dollar, the price of selling foreign currency to banks.

1470 dinars per dollar the price of selling foreign currency to the public.

Today, Wednesday, the stock exchange in Baghdad is witnessing a jump in dollar prices, reaching 1550 dinars, the highest price recorded in weeks.

It is said that the central bank decided first on Monday, meet all citizens ‘ requests for foreign currency (dollar) for the purposes of travel, study and treatment abroad by feeding the electronic payment cards {MasterCard and Visa Card} and the price official specified by the Bank. ”

butterfly  Al-Rafidain: Granting 75 million loans to doctors in various specialties

06/09/2021…..{Economic: Al Furat News} Al-Rafidain Bank announced, on Wednesday, granting loans to the segment of doctors in various specialties, amounting to 75 million dinars.

A statement by the bank’s media office, of which {Al-Furat News} received a copy, stated, “The loans of doctors, dentists, veterinarians, pharmacists and others are through varying stages and specific conditions and according to the loan applicant and his desire.”

He added, “Promoting the transactions of doctors’ loans is through the bank’s branches located in Baghdad and the provinces.”

butterfly  World Bank: Baghdad has not requested a loan yet and they are ready to support

06/09/2021…………{Economic: Al Furat News} The World Bank confirmed its readiness to respond to any request submitted by the Iraqi government regarding loans, although it “has not requested a loan yet.”

And the representative of the Bank in Baghdad, Ramzi Noman, said in a press statement, “Iraq has drawn up a policy to improve the country’s economic reality by adhering to the reform white paper, but it is still facing economic crises.”

Noman said, “The World Bank is ready to help Iraq if the Iraqi government asks us to do so, as the government so far has its financial and economic plans, and the World Bank is working with the Iraqi government on a new project to enhance vaccines related to the Corona pandemic, and this is what the government requested in this context, and it does not come within the portfolio owned by Iraq,” he added, “The Iraqi government has not yet requested a loan from the World Bank, and we have all the readiness and are open to direct dialogue and are ready at any moment to cooperate, being trusted partners with Iraq, and we are interested in supporting Iraq in the path of stability.” “.

With regard to the World Bank’s role in improving Iraq’s economy, Numan stated that “the Bank is working with the Government of Iraq to implement the reform items that it has drawn up, and we are working through all our projects to approach the economic crises that we have previously identified, and all the projects we undertake are in the framework of supporting The reform white paper.

butterfly   He pointed out that “Iraq has drawn up a policy to improve the country’s economic reality by adhering to that reform paper approved by the Council of Ministers, and work has begun to implement its contents,” and asked: “Are things going in this aspect smoothly?

The answer is no, the crises are too many, because the There is the importance of the political decision that pushes the reform process forward towards economic recovery, and by that we mean the process of consensus between the political parties at the level of the different authorities to make the reform succeed.

The representative of the World Bank stated that “Iraq is still facing economic crises, including what the state inherited previously, and some of them at the present time as a result of low oil prices and the Corona pandemic, and all of them are crises that do not end in one day and one night, and the whole world is still suffering from the consequences of the Corona pandemic, so we do not expect The package of structural problems that Iraq has suffered can address them in a short time.”

He added, “Therefore, we expect that the turnout for the elections and the ability to move forward towards a political authority capable of committing to a reform plan actually begins with rebuilding and addressing the existing gaps and problems.”

butterfly  A Foreign Ministry official discusses with the Korean ambassador holding the meeting of the Iraqi-Korean Joint Committee

Wednesday 09 June 2021……….Head of the Asia and Australia Department at the Ministry of Foreign Affairs, Ambassador Ali Yassin Muhammad Karim, discussed with the Korean Ambassador to Iraq Jang Kyung-wook, the holding of the Iraqi-Korean Joint Committee meeting during the current year.

A statement by the Ministry of Foreign Affairs stated that: “During the meeting, issues of common interest were reviewed, the most important of which is the draft agreement for the encouragement and protection of investment, the draft agreement to prevent double taxation, as well as the holding of the Iraqi-Korean joint committee meeting during the current year.”

butterfly   Iran agrees to mutually cancel entry visas with Iraq

Wednesday 09 June 2021………The Iranian Council of Ministers has approved a mutual cancellation of entry visas for ordinary passport holders with Iraq.

And the official website of the Iranian government stated today: “The Council of Ministers approved, in its session, today, the creation of regulations to cancel entry visas for holders of ordinary passports for a period of 45 days between Iran and Iraq, provided the mutual procedure between the two countries.”

He attributed his decision to “facilitating the visit of Iranian pilgrims to the holy shrines in Iraq, especially during the forty days of Imam Hussein (peace be upon him).

Dave  sheila Consume 107 Red hot Chili peppers and receive a 800 number with your NDA?

butterfly   sheila I have NO clue. One thing people have to understand that NO ONE that is in the know would post something like this in a chat room. People “think” they have insight/intel/confident/etc. and all it is to get attention. If you hear/read it from the government, then I would take notice.

As I was talking with my friend last night, she still believes that Nesara/Gesara is going to take over the world. My response to her, and it shut her up, how many decades have we seen/read about this? We have a Constitution and people don’t understand that.

This woman is a very smart/intelligent person but lordy she does go off on the conspiracy crap. She also told me, which gave me the biggest hint of why she is talking this way, FOX is the only legit news out there and tucker Carlson knows exactly what he is saying. Again, Lordy Lordy!

Doug_W  Silver:$28.01+0.30

Dave  butterfly LOL…..whaT can one say……..?

butterfly   I tell people to look up the court papers when Fox was taken to court. It stated they are an entertainment network and “yes” they can lie because they are an “entertainment” network.

Dave  …entertainment……aint NEWS…..?

butterfly   Sheila this is what I just found out in reference to your question: https://thehill.com/policy/technology/557488-global-internet-outage-blamed-on-software-bug

butterfly   “We detected the disruption within one minute, then identified and isolated the cause, and disabled the configuration. Within 49 minutes, 95% of our network was operating as normal,” he added.

butterfly   Each to their own…..YUK: https://www.msn.com/en-us/foodanddrink/recipes/chocolatier-dips-cicadas-in-chocolate-for-a-once-in-17-years-treat/vi-AAKRXKL?ocid=st

Dave   mouse infestation in Australia comes to mind………..

Clydesdale  @sheila This is what they were referring to but it has absolutely nothing to do with a reval as you well know. Rec(R)aps is just out there grasping for anything they can to fill up space and give lemmings something to read. And more especially if it is under the judy byington info, look the other way. LOL Here is the link to the Ring of Fire Eclipse happening tomorrow. https://www.space.com/ring-of-fire-annual-solar-eclipse-2021

Dave   a celestial event which precludes our imminent RV……..WHIPPY!

Dave   everything all lining up……..

Butterfly    Dave It has been reported that most of the common illnesses we get each year……….have gone down because of wearing the mask.

Dave   Acne way up though……..  know some though who wear the same disposable masks fer months……

Dave  vaccines sure have made a tremendous difference in the daily case count…….down more than 80% From 400k per day to 20K……kids 12 yrs old do not require permission slips from guardians to get vaxed here……..

Dave  apparently young kids better informed than some parents….so the story goes……   72% of kids 12 or older have received 1st shot….do find it odd kids need permission slips to get a piece of pizza or a field trip……

sheila   Clydesdale Plausible for Ring of Fire event, yet what about 107…Gematria???

butterfly  Documents: The IHEC excludes 135 candidates from the election race

Wed 09 , Jun 2021…………The National Iraqi News Agency publishes the list of the Electoral Commission’s decision to exclude 135 candidates from the elections scheduled for next October, the majority of whom are ranks and military officers.

butterfly   Parliamentary bloc to / Nina /: The big parties do not agree to dissolve parliament and do not want early elections   Wed 09 , Jun 2021…………The Kurdistan Islamic Union parliamentary bloc has revealed its position on holding the elections scheduled for next October.

The head of the bloc, MP Jamal Kougar, said, in a statement to the National Iraqi News Agency ( NINA ), that “all the political forces that claim that they want to hold early elections, they do not want elections, and all parties have retracted their previous positions in which they promoted support for early elections.” He pointed out: “The current security situation is the best evidence of that after the escalation of violence and assassinations.”

” He added: “With such indicators and data, we are going to postpone the elections sooner or later,” noting that

On the possibility of amending the new election law or dissolving the parliament before the election date, he explained that “there are objections to the new law and only large parties benefit from it, and therefore these parties do not agree to dissolve parliament and do not want early elections, because they will not be able to obtain the same number of seats that they She has it now in the current cycle.”

On December 16, the Presidency of the House of Representatives approved a parliamentary request, accompanied by the signatures of 75 deputies from different blocs, to submit a proposal to amend the House of Representatives election law, and decided to refer it to the Parliamentary Legal Committee to mature the legal drafting.

The House of Representatives voted, in its evening session at the end of last March, to dissolve Parliament on October 7, 2021, with the elections to be held on time on the tenth of the same month.

Sheila    @Clydesdale doing my research on gematria effects. Ain’t the Internet wonderful!!!

butterfly    Urgently The central bank sells the highest amount of dollars since the exchange rate change

06/09/2021 12:47:11   Urgently The central bank sells the highest amount of dollars since the exchange rate changeThe Central Bank of Iraq sold, today, Wednesday, the highest amount of the dollar since it changed the exchange rate on December 19, 2020.

The total sales of the foreign currency auction of the bank today amounted to 217 million and 769 thousand and 315 dollars.

The total sale for the purposes of strengthening balances abroad (transfers, credits) in today’s auction was 196 thousand and 769 thousand and 315 dollars, and the total cash sale was 21 million dollars.

On January 19, the Central Bank of Iraq decided to make a major change in the dollar exchange rate and decided to amend it as follows:

1450 dinars per dollar, the purchase price of foreign currency from the Ministry of Finance.

1460 dinars per dollar, the foreign currency sale price for banks.

1470 dinars per dollar, the price of selling foreign currency to the public.

Today, Wednesday, the stock exchange in Baghdad is witnessing a jump in dollar prices, reaching 1550 dinars, the highest price recorded in weeks.

It is noteworthy that the Central Bank decided, the day before yesterday, Monday, to meet all citizens’ requests for foreign currency (dollars) for the purposes of travel, study and treatment abroad by feeding electronic payment cards (MasterCard and Visa Card) at the official price set by the bank.”     alforatnews.com

butterfly   A significant rise in the dollar in Baghdad today

06/09/2021 12:19:09   A significant rise in the dollar in Baghdad todayThe dollar exchange rate, in the capital, Baghdad, recorded a significant increase today, Wednesday.   The exchange rate amounted to 1550 dinars, or 150 thousand and 500 dinars for one hundred dollars.   alforatnews.com

Butterfly   World Bank: Baghdad has not requested a loan yet and they are ready to support

06/09/2021 08:33:10   World Bank – Baghdad has not requested a loan yet and they are ready to support The World Bank confirmed its readiness to respond to any request submitted by the Iraqi government regarding loans, although it “has not requested a loan yet.”

And the representative of the Bank in Baghdad, Ramzi Noman, said in a press statement, “Iraq has drawn up a policy to improve the country’s economic reality by adhering to the reform white paper, but it is still facing economic crises.”

Noman said, “The World Bank is ready to help Iraq if the Iraqi government asks us to do so, as the government so far has its financial and economic plans, and the World Bank is working with the Iraqi government on a new project to enhance vaccines related to the Corona pandemic, and this is what the government requested in this context, and it does not come within the portfolio owned by Iraq,” he added, “The Iraqi government has not yet requested a loan from the World Bank, and we have all the readiness and are open to direct dialogue and are ready at any moment to cooperate, as we are trusted partners with Iraq, and we are interested in supporting Iraq in the path of stability.” “.

butterfly   With regard to the World Bank’s role in improving Iraq’s economy, Numan stated that “the Bank is working with the Government of Iraq to implement the reform provisions that it has drawn up, and we are working through all our projects to approach the economic crises that we have previously identified, and all the projects we undertake are in the framework of supporting The reform white paper.

He pointed out that “Iraq has drawn up a policy to improve the country’s economic reality by adhering to that reform paper approved by the Council of Ministers, and work has begun to implement its contents,” and asked: “Are things going smoothly in this aspect?

The answer is no, the crises are too many, because the There is the importance of the political decision that pushes the reform process forward towards economic recovery, and by that we mean the process of consensus between the political parties at the level of the different authorities to make the reform successful.

The representative of the World Bank stated that “Iraq is still facing economic crises, including what the state inherited previously, and some of them at the present time as a result of low oil prices and the Corona pandemic, and all of them are crises that do not end in a day and a night, and the whole world is still suffering from the consequences of the Corona pandemic, so we do not expect The package of structural problems that Iraq has suffered can address them in a short time.” He added, “Therefore, we expect that the turnout for the elections and the ability to move forward towards a political authority capable of committing to a reform plan actually begins with rebuilding and addressing the existing gaps and problems.”   alforatnews.com

butterfly   The collapse and confusion of markets after the rise of the dollar

Posted, 2021-06-09   The collapse and confusion of markets after the rise of the dollarThe markets witnessed a new rise in the exchange rate of the dollar against the dinar, as the value of one dollar reached 1500 Iraqi dinars, with a clear difference from the rate set by the Central Bank, which is 1450 dinars to the dollar.

The competent authorities have not yet provided any explanations for this rise, but experts and specialists attribute this to speculation within the market, which is carried out by traders, businessmen and private banks. days due to the economic confusion from the rise in the dollar exchange rate and the new rise in food prices and others,

The market today is witnessing great confusion due to the instability of the dollar exchange rate and the increase in the prices of materials again, and this requires the intervention of the competent government agencies to control the situation. Monthly employees and retirees as a result of the exchange rate change on the one hand and the increase in the prices of goods, medicines and basic commodities in the local markets, on the other hand.

butterfly  There will be a disaster for the people, as the farce of the Central Bank and its currency auction continues. Currently, an entire people are financially and economically controlled by three private banks so that the people know the extent to which their capabilities were manipulated by corrupt parties.

The increase in prices was not limited to imported foodstuffs, but went beyond that to materials With local production, such as fish, chicken, eggs and vegetables, which in addition to the increase in their prices, some of them have become scarce from the markets as a result of the increasing demand for them, so there must be follow-up and the need to reduce the value of the dollar to end the people’s crisis that caused poverty for many citizens, follow-up to the markets and open the import of similar materials For the local product in the event of scarcity of production with the infusion of subsidized foodstuffs to reduce the demand for them in order to reflect positively on the decrease in the prices of materials.    burathanews.com

Sheila  Before my banking source cut me off about three weeks ago (?), they suggested I hold back currency after RV, deposit in MCA and get the bank to “loan” against the currency. Been thinking about this and cannot talk to them right now. Anyone else think this is good idea?

Doug_W   sheila MCA?

Sheila   Multi-Currency Account

Doug_W  never heard of it who has such an animal?

Sheila   Researched MCA’s. See them on bank sites like HSBC, Bank of Brazil, etc. For a while, saw it listed on WF. Anyone?

Doug_W   ty

Sheila   Doug_W banks in Miami, NY, LA, Seattle, San Francisco,,,etc.

Doug_W   I guess that terminology if out of my league

Sheila   Doug_W mine, too. That’s why I am asking the chat to seek help

Doug_W   what would be the advantage of that over a simple currency exchange at any bank?U give them ur currency they “DeLarue” it and give U credit in a bank aacct in USD?  thats simple and straight forward

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