Zig’s Place

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Zig’s Place Chatroom News Thursday AM 7-8-21

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

butterfly   The Central Bank decides to increase the amount allocated to the housing sector to more than (1.9) trillion dinars.  Thursday 08 July 2021 09:09……….The Board of Directors of the Central Bank of Iraq decided to increase the allocation to the housing sector to more than (1.9) trillion dinars.

A statement by the bank stated that: The increase includes (1) trillion dinars for the real estate bank and about (900) billion dinars for the Housing Fund, to raise their ability to make the initiative funds available to the largest number of beneficiaries.   This brings the total amounts allocated to the Real Estate Bank and the Housing Fund to more than (3.6) trillion dinars.

butterfly  2021-07-08 05:46   Shafaq News/ OPEC’s, Organization of the Petroleum Exporting Countries, reference basket oil price declined to 73.58$/bbl driven by other crudes.

OPEC said in a statement that the price of OPEC basket of thirteen crudes reached 73.58$ a barrel compared with 75.94$ yesterday.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

butterfly  2021-07-08 02:04 Shafaq News/ Oil prices steadied after two days of losses amid uncertainty over supply after the collapse this week of talks among major producers which could potentially cause the current output agreement to be abandoned.

Brent crude oil futures edged lower by 7 cents to $73.33 a barrel by 0507 GMT after earlier falling to as low as $72.93. U.S. West Texas Intermediate futures were down 23 cents, or 0.32%, at $71.79 a barrel.

Brent prices have fallen nearly 5% since Monday’s close after talks between the Organization of the Petroleum Exporting Countries and its allies, including Russia, known as OPEC+, fell apart when de facto leader Saudi Arabia refused demands from the United Arab Emirates to raise its output under the group’s supply cut agreement.

“The oil market is looking beyond the oil supply deficit in August and expecting the OPEC+ agreement to fall apart well before April 2022 when the agreement expires as other member countries will ask for further concessions to secure more market share,” said Edward Moya, senior market analyst at OANDA.

OPEC+ has restrained supply for more than a year since demand crashed during the coronavirus pandemic.

butterfly   The group is maintaining nearly 6 million barrels per day (bpd) of output cuts and was expected to add to supply, but three days of meetings failed to close divisions between the Saudis and the Emiratis.

Russia is trying to mediate between Saudi Arabia and the UAE to help strike a deal to raise oil output, three OPEC+ sources said on Wednesday.

Prices found some support from a large drop in oil inventories in the United States.

Oil stockpiles in the world’s biggest oil user fell by 8 million barrels for the week ended July 2, according to two market sources, citing American Petroleum Institute figures, compared with an estimate of a 4-million-barrel fall by analysts in a Reuters poll.

Government inventory data is due on Thursday, pushed back a day following the U.S. Fourth of July holiday on Monday.

U.S. oil production declines this year are expected to lessen with the Energy Information Administration (EIA) saying on Wednesday that output will be 11.10 million bpd in 2021, down by 210,000 bpd from 2020, versus its previous forecast for a drop of 230,000 bpd.

Concerns over the coronavirus, however, weighed on prices, with Japan, the world’s fourth-largest oil user, set to declare a state of emergency for the Tokyo area through Aug. 22 amid a new wave of infections and South Korea reporting its highest ever daily COVID-19 cases.

Source: Reuters, Oil prices updated by Shafaq News Agency

Clydesdale   yet another sharp pencil in the box…….He’s got people signing their DNA. Guess they are blood brothers after they sign.

Intel Guru Bruce [via WiserNow] …we know that at least 2 of the banks have NDA’s that are 6 pages long…that all employees…had to sign… obviously they let the tellers in and every employee of the bank in on what is going on and what’s about to take place for them to have to sign the DNA – it’s a very good sign of how close we really are to going…

sheila   Clydesdale good to know today… thanks for bringing this into chat

Clydesdale   sheila Basically, see what new angles they come up with to try to keep their flock intact. Fleming gave a drop dead date just a few days ago and now he has kicked the can a few days out like he never mentioned the drop dead date. I guess I am more intrigued by the people who fall for it.

Sheila   Clydesdale Don’t believe we “fall” for it. Believe we search for hope. Hope is fuel for the soul, in my opinion. For the record, I read many postings and do not pay one cent for any subscriptions. So all they are taking is my time. And those are my choices.

Clydesdale   sheila And I don’t remember directing my comment directly at you.

Clydesdale   Hopium can be very addictive. I’ll believe it when I am at the bank.

Sheila   Clydesdale No you didn’t. I was explaining for myself and others like me. We hope. We pray. Ultimately we believe as you do – when I/we get to the bank and get that exchange receipt. Wow – what a day that will be.

Sheila  Clydesdale No slight intended.

Clydesdale   sheila Understood.

Sheila  Question for chat: Does anyone have information about buying Bolivar?

Doug_W   Not I sheila

butterfly   Iraqi Dinar/US Dollar auction results 7-8-2021

United States DollarThe results of the foreign currency sale window for Thursday, 7/8/2021, and executed today

Announcement No. (4446)   Sale date – Thursday 7/8/2021 and executed today the details the amount

Total sale for the purposes of strengthening balances abroad (remittances, credits)   172,344,000

Total cash sale  19,090,000    total total sales  191,434,000

Note that:  The selling price of the amounts transferred to bank accounts abroad is ( 1460 ) dinars per dollar.

The cash sale price is ( 1460 ) dinars per dollar.   cbi.iq/currency_auction/view/1062

butterfly   Al-Kazemi’s advisor: Announcing the actual implementation of the white paper soon

07-08-2021 12:24 AM   Al-Kazemis advisor – Announcing the actual implementation of the white paper soonThe economic advisor to the Prime Minister, Alaa Abdel Hussein, confirmed that the actual implementation of the white paper will soon be announced, while noting that there are central and sub-committees to implement it .

Abdul Hussein said in a televised statement, Wednesday, that “Iraq over the past decades has suffered from economic problems,” noting that “the Iraqi economy has gone through several stages, which made it rentier and dependent on oil .”

He added, “There is an increase in population growth by 3% annually and our resources are limited,” noting that “the white paper included analyzing and diagnosing economic problems and identifying effective solutions .”

He continued, “We are working with various ministries to identify projects for the official announcement of the actual implementation of the white paper,” stressing, “Very soon, the actual implementation of the white paper will be announced .”

He pointed out that “there are central and sub-committees to implement the white paper,” noting that “the projects mentioned in the white paper are of a professional, not political, character .”  dijlah.tv

butterfly   The Iraqi government approves 50 billion dinars in lending to electricity companies

2021-07-08 00:58   The Iraqi government approves 50 billion dinars in lending to electricity companiesShafaq News/ The Council of Ministers decided to lend the Ministry of Electricity companies to improve the reality of the national grid system in the country.

The Council of Ministers decided in its twenty-sixth regular session held on 6/7/2021, the following:

Lending to profitable Ministry of Oil companies and Ministry of Electricity companies an amount of (50 billion) fifty billion dinars; To improve the reality of the electrical system, provided that the amount is paid after one year.

The Council also agreed to allocate the Ministry of Finance two billion dinars to the Karbala governorate to secure the expenses of the Arafa visit.

The Council of Ministers, in its twenty-sixth regular session held on 6/7/2021, approved the allocation of the Ministry of Finance an amount of (200,000,000) two billion dinars to the Karbala Governorate from the emergency reserve.

comes the decision; For the purpose of securing the expenses of visiting Arafa and providing the service to the visitors, based on the provisions of Article (5) of the Federal Budget Law for the fiscal year / 2021.  shafaq.com

butterfly   An increase in the exchange rates of the dollar in Baghdad and the Kurdistan Region

Thursday, July 8, 2021 | 10:15 am   An increase in the exchange rates of the dollar in Baghdad and the Kurdistan RegionThe exchange rates of the US dollar rose against the Iraqi dinar, on Thursday, on the main stock exchange in the capital, Baghdad, and the Kurdistan Region .

A source said that the Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad recorded, this morning, 147,200 Iraqi dinars, compared to 100 US dollars .

The Central Kifah Stock Exchange recorded, during its opening yesterday morning, 147,050 dinars for every 100 dollars .

He pointed out that buying and selling prices have stabilized in banking shops in the local markets in Baghdad, where the selling price amounted to 147,500 Iraqi dinars, while the purchase prices amounted to 146,500 dinars per 100 US dollars .

In Erbil, the capital of the Kurdistan Region, the price of the dollar also increased, with the selling price reaching 147,500 dinars per 100 US dollars, and buying at 147,000 dinars per 100 dollars.  aynaliraqnews.com

butterfly   After the Ain Al-Assad base… the US embassy is under attack and sirens sound in the Green Zone

7-8-2021   After the Ain Al-Assad base… the US embassy is under attack and sirens sound in the Green ZoneThe US embassy in the Iraqi capital, Baghdad, came under a missile attack today, Thursday, in renewed attacks targeting US forces in Iraq and Syria, at a time when Washington blames Iranian-backed militias for the instability of Iraq.

Al-Jazeera correspondent in Baghdad stated that the embassy responded to the attack through its defense system, and sirens sounded inside the Green Zone in central Baghdad, where the US embassy is located.

Media close to armed factions said that the attack was carried out with a missile and a booby-trapped drone, and that the missile was launched from the Rusafa area of Baghdad.

On the other hand, the Iraqi Security Media Cell said that an “outlaw” group had targeted the Green Zone in Baghdad at dawn on Thursday with 3 Katyusha rockets, and added in a statement that the first missile fell near the headquarters of the National Security Agency, the second fell in the celebrations square, and the third In a residential neighborhood near Sheikh Omar area.

The media cell confirmed that these actions will be confronted strongly by the security services, which will follow up on the intelligence and field those who carried out them, according to the statement.

In a related context, local sources said that an explosive device exploded at dawn today, targeting trucks providing logistical support to the American forces in the south of the country.

The sources added that an explosive device planted on the international highway, between the provinces of Basra and Dhi Qar, exploded the moment a convoy of trucks affiliated with Iraqi companies contracted with the US army to provide logistical support passed.

butterfly   Al-Jazeera correspondent in Baghdad stated that the security forces spread widely in the surrounding areas and close to the camps of the American forces, especially in the military wing of Baghdad Airport.

The sites where US forces are located in Iraq and Syria have been subjected to multiple attacks during the last 24 hours.

The first attack took place in Erbil, in the Kurdistan region of Iraq, where the region’s Counter-Terrorism Commission announced, on Tuesday evening, that Erbil International Airport was attacked by a booby-trapped drone, without causing any damage or stopping air traffic.

At midday on Wednesday, a spokesman for the International Coalition confirmed that the “Ain al-Assad” base had been targeted with 14 missiles, amid reports of minor injuries.

Simultaneously, in Syria, the so-called “Syrian Democratic Forces” announced that they had thwarted a drone attack inside the “Al-Omar oil field” area in the east of the country, and said that initial reports did not indicate any damages as a result of the attack.

Returning to Iraq, the government denounced the attack on the Ain Al-Asad air base, where US forces are located, less than 24 hours after targeting Erbil International Airport with a bombed drone.

An unknown armed faction called the “Revenge of the Engineer Brigade” claimed responsibility for the attack, vowing to force the US forces to withdraw from the country. For his part, the coalition spokesman vowed to respond, saying that reports indicate two minor injuries, and that the damages are being assessed.

For his part, US State Department spokesman Ned Price said that the recent attacks in Iraq reflect the danger posed by Iranian-backed militias to the stability of that country.

butterfly   Abu Alaa al-Wali, the Secretary-General of the so-called “Sayyid al-Shuhada Brigades,” had vowed to carry out a qualitative operation to avenge the American forces in response to an operation carried out by American drones about 10 days ago.

He added – during a television interview – that this operation may be land, air, or even sea, and it may be in the Kurdistan region or any place where US forces are located within the Iraqi borders.

The director of Al Jazeera’s office in Baghdad said that the recent attacks were claimed by factions with unknown names, which may support that they are just names behind which the known armed factions in Iraq are hiding.   rawabetcenter.com

butterfly   Economist: We will witness a major crisis next year if the dollar continues at its current price

2021-07-08   Economist – We will witness a major crisis next year if the dollar continues at its current priceEconomic expert Ihsan Al-Kinani stressed, on Thursday, the need for the government to issue a decision to reduce the value of the dollar before holding early elections, pointing out that continuing at the current price will create a major crisis in the next year, especially since after the elections, the authority will be a caretaker.

Al-Kinani said in a statement to “The Information”, that “the economic blockade imposed by the current government will not be changed if elections are held and the dollar exchange rate remains as it is now.”

He added, “Next year may witness a daily caretaker government, which cannot manipulate the budget items or take a decision to change the dollar exchange rate voted on by Parliament until after forming a new government, and this may be delayed for more than 6 months at least.”

Al-Kinani explained, “The dollar exchange rate will exceed the value currently assessed, due to the exploitation of merchants and banks for the presence of the caretaker government, and therefore an economic crisis and a significant rise in prices may be witnessed in Iraq during the next year due to unstudied government measures.” burathanews.com

butterfly  Parliamentary Economy: The Iraqi Stock Exchange is money laundering and drugs

2021-07-08   Parliamentary Economy – The Iraqi Stock Exchange is money laundering and drugsThe Parliamentary Committee on Economy and Investment accused the Iraq Stock Exchange, considering it a laundering of stolen money and drugs.

Committee member MP Hamid Al-Moussawi said in a press interview that “the Iraqi stock exchange is a laundering of stolen money and drugs,” calling on the government to “form a council to hold the Iraqi stock exchange accountable.”

Al-Moussawi added, “All successive and current governments were not serious about recovering the looted money,” noting that “some of the smuggled money went to countries that have good relations with Iraq.”

He pointed out that “more than 100 billion dollars were seized abroad, some of which were used to support terrorism,” noting that “the law submitted by the President of the Republic to recover the money did not achieve anything.”   burathanews.com

Dave  butterfly “White Paper SOON”………!

butterfly  Dave Well at least someone is reading the articles. lol

Dave  was going to use a question mark

Dave   butterfly Most seem to prefer to listening to Gurus……

Dave  No reading required…..

butterfly  Dave I know, but we still have to wait. WORDS matter!

Dave   butterfly Yeah……..Especially signing a 6 page NDA…….?

Dave   Should be muted then…….

butterfly   Announcing the actual implementation of the white paper soon………………. confirmed that the actual implementation of the white paper will soon be announced………………………while noting that there are central and sub-committees to implement it ………………… “Very soon, the actual implementation of the white paper will be announced .”……………………………………..soon, soon, implementing…….WORDS MATTER!

butterfly   Dave LOL 6 page NDA………….thanks for the laugh. LOL

Dave  Better than ASN…..Soon is relative

Dave   Xmas ….soon

butterfly  Give me date and time and then I might get a little excited, but until then………….soon!

Dave   4 buck rate…..from what i read yesterday

Dave   GSR suggests parady with Kuwait

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