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Zig’s Place Chat Room Discussion and News Saturday 1-9-21

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

Xyz  Hours after the start of the first round of the 2021 budget … a journey full of obstacles before the bill and an “unknown” date for its enactment

2021-01-09  Iraq: Baghdad   Hours after the start of the first sessions of discussion and reading of the 2021 budget, amid expectations of witnesses of the budget, a difficult journey towards approval, due to disagreements over some of its paragraphs.

The agenda of the parliament session for today, Saturday, included one paragraph, represented by the first reading of the draft federal budget law for 2021, while the Finance Committee opened an unknown deadline for completing the budget legislation.

Committee member Jamal Cougar said in a press statement followed by “Yes Iraq” that “the House of Representatives will finish the first reading of the draft general budget law in today’s session,” indicating that “studying and approving the budget law in Parliament needs an unknown time.”

He added that “the Parliamentary Finance Committee will study the budget law and make amendments to its clauses in the coming days,” stressing that “it will host the Minister of Finance and an advanced staff in the ministry to discuss the budget items.”

The budget included granting the region a share estimated at 11 trillion dinars, while a number of Iraqi political forces refuse to pass the current budget because of the share of the Kurdistan region.

MP Thamer Theban said, “The budget contains great financial waste and facilities for Kurdistan, and we will not accept its passage,” noting that “the situation has become economically unstable because of the wrong policies of the government, which are devoid of an economic vision.”

Theban added in a press statement, “The Economic Committee in Parliament will work to amend a number of budget paragraphs during the discussion sessions,” pointing out the need to “follow transparent and fair methods” in approving them.

xyz   https://yesiraq.com/%d8%b3%d8%a7%d8%b9%d8%a7%d8%aa-%d8%b9%d9%84%d9%89-%d8%a7%d9%86%d8%b7%d9%84%d8%a7%d9%82-%d8%a7%d9%88%d9%84-%d8%ac%d9%88%d9%84%d8%a9-%d9%84%d9%85%d9%88%d8%a7%d8%b2%d9%86%d8%a9-2021-%d8%b1%d8%ad%d9%84/

xyz  Al-Rafidain launches a single window initiative to finance investment projects

09:25 – 01/09/2021  BAGHDAD – Mawazine News  Al-Rafidain Bank announced, on Saturday, the launch of the Single Window initiative to finance investment projects in the country with open financial ceilings.

The bank’s media office said in a statement that Mawazine News received a copy of, that “in line with the bank’s policy and plan aimed at supporting the national economy and contributing to activating the private sector, activities and investment opportunities, and under the direction of the Ministry of Finance to support investment, it has been decided to launch the Single Window initiative to promote the investment sector in Iraq”.

He added, “This initiative is based on facilitating and simplifying the procedures of companies and investors and completing the transaction at a record time and speed away from red tape and excessive sagging episodes that require completion for a few days by establishing a unified room of the concerned departments assigned to it the task of investment that aims to finish the investor’s transaction and grant him. The loan is easy and smooth. ” https://www.mawazin.net/Details.aspx?jimare=137239

Zig   Investment is what we are looking for….good stuff….

xyz   Zig yup


“THE YEAR 2021 IS THE YEAR (THE IRAQI ACHIEVEMENT). WE WILL ALL REACH THIS ACHIEVEMENT QUICKLY AND EFFICIENTLY, AND THE STATE WILL PREVAIL. IRAQ WILL TRIUMPH OVER ALL CHALLENGES.” I have said this before that this is Iraqi’s last chance for the needed reforms. There will be no other opportunities. Heh, didn’t they tell us recently that they planned on a 5% GDP in 2021?

xyz   1-8-2021 Intel Guru Bruce [via WiserNow] …initially we thought Tuesday /Wednesday – of this week – for notifications – Now we’re hearing more like Saturday for notifications

:Happier: – maybe getting notifications to us Saturday and starting Saturday…Or…we could get pushed to early next week – we have heard both things from a couple different sources – and we know that this is what we are looking for – we’re looking to be notified and to get started…

xyz  Financial Committee: The budget will be delayed for 6 months if it is refused to pass it


Member of the Finance Committee, Representative Jamal Cougar, confirmed, on Saturday, that political parties stand against the passage of the budget, warning of the consequences of its rejection.

Cougar said, “The budget needs careful study because the deficit is large and its numbers are large, and it came in a difficult economic circumstance, so it must be subjected to a thorough study,” noting that “all the items in the budget are sensitive and controversial, and there are political parties looking for gaps in it.” And another looking for reforms, and all of this takes space and time for discussion. ”

He continued, “We should stand against the budget formula, and that it be modified,” warning against “refusing to pass it, because it gives room to be delayed at least 6 months, and this is a dangerous matter, because the budget needs to be modified, not delay, and it is in line with the economic reality of the country.” .

He pointed out that “there are political positions present, as parties stand against passing them,” stressing that ” The state of the country does not bear the disruption of the budget, and that any suspension means delay in paying salaries, and that the street will not bear this, and everyone must bear the responsibility for passing it. ” https://me3cqzp54k2jl4s233nr6undya–www-alliraqnews-com.translate.goog/modules/news/article.php?storyid=105894

NORV    Maybe ur LOP is coming lol

NORV   Deleting 3 zeros or printing the 100-dinar denomination … Experts determine the best to reduce the repercussions of changing the exchange rate – urgent

8/1/2021  News source / Baghdad today – Special   A few days ago, two proposals have been put forward to reduce the effects of the devaluation of the dinar against the dollar, which was determined by a decision of the Ministry of Finance to fix the exchange rate at 1470 dinars against the dollar after it stabilized for more than 15 years, up to 1200 dinars, which caused bad effects on citizens, raising the prices of basic materials and reducing the value of salaries.

NORV   lol   Or maybe they will Float?

NORV  Balancing act or punishment for the economy and for the people?

Articles January 07, 2021 0   Basma Press / Articles   It is strange that this insistence that the government has been fair in the draft 2021 budget for the poor and low-income groups! All indicators, data and opinions of specialists say completely otherwise.

And if the Egyptians intend to exempt those whose income is less than 500 thousand dinars per month from income tax and from the newly imposed deductions, and on adding a few billion dinars to social welfare allocations, then this does not mean anything at all in light of the high rates of unemployment and poverty, which are estimated by several sources More than 40%, while official sources talk about 34%.

At the same time, the ration card allocations declined remarkably in the draft budget, which was carefully prepared in accordance with the recommendations of the government white paper, based on the advice of the International Monetary Fund and the World Bank, which demanded more measures to float the Iraqi currency and give up all forms of support from the state,

Xyz   What is the fate of Iraqi money smuggled abroad?

Economy News – Baghdad   Iraqi money smuggled abroad has always been the focus of Iraqi attention, but it has increased in the recent period with the exacerbation of the financial problem that the country is going through, until it has generally become the focus of attention and a major demand for Iraqis, with the large size of these funds and the possibility of providing radical solutions to the great financial impasse. in Iraq.

High defendants and a political system that provides protection

Observers describe the state of corruption that the country has been experiencing for several years as being carried out by political agreement to share the country’s capabilities through the ruling political class, while observers exclude that the current government or any other government will settle these files and recover the smuggled money or arrest the main ones involved in them.

Perhaps the first of these operations was through the Minister of Defense in the first government of former Prime Minister Iyad Allawi, who fled the country with about one billion dollars, and Iraqi courts have sentenced him to seven years in prison, but he is still outside Iraq as well as not recovering that money.

In addition to the Minister of Defense, there are many ministers, heads of bodies and officials who are accused or those who have been judged in corruption cases of billions of dollars, most notably the former Minister of Electricity, Ayham al-Samarrai, who escaped from prison outside the country.

Anti-corruption officials reveal that an official request from Iraq was submitted to the United States earlier to retrieve al-Samarrai based on the legal and judicial cooperation agreement between Baghdad and Washington, but the American side did not respond to these calls because al-Samurai holds American citizenship.

The deep state and the victims of opening those files

What reinforces the belief in the large size of corruption in Iraq is the amount of money that has been smuggled abroad as a result of systematic corruption operations that have been administered over the past years, as some estimates from former officials in Iraqi anti-corruption institutions reach that the amount of smuggled money reaches the limits of 600 billion dollars, while Deputies in the Parliamentary Finance Committee and economists estimated the amount of money smuggled abroad at about $ 350 billion   https://economy-news.net/content.php?id=23525

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