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Zig’s Place Chat and News Tuesday AM 3-9-21

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

butterfly  Masrour Barzani affirms the region’s position on the Federal Budget

https://shafaq.com/en/Kurdistan/Masrour-Barzani-affirms-the-region-s-position-on-the-Federal-Budget

butterfly  2021-03-09 07:00  Shafaq News / Kurdistan region’s Prime Minister, Masrour Barzani, supervised a special meeting on the ongoing preparations for drafting the Kurdistan Regional Budget Law for 2021.

During the meeting attended by Deputy Prime Minister Qubad Talabani, the current financial situation in the region and the ongoing preparations for drafting the Kurdistan Region Budget Law for the year 2021 were discussed, as well as the data, expenditures and estimated revenues of the ministries.

A statement issued by the regional government said that the meeting stressed the importance of preparing a budget bill that considers all possibilities and guarantees a realistic, transparent budget that depends on oil and non-oil revenues, the financial deficit and actual expenditures.

The meeting also discussed the latest developments in the federal budget bill for 2021, which will probably be voted upon next week.

The President of the Regional Government affirmed the Kurdistan Region’s firm position to reach a radical solution to the Baghdad-Erbil outstanding problems, hoping that the Iraqi parties would welcome the initiative of the Federal Prime Minister Mustafa Al-Kadhimi, to conclude a final and comprehensive solution to these problems.

Yesterday, the Iraqi Council of Representatives’ Speaker, Muhammad al-Halbousi, directed to include the federal budget bill on the Parliament’s agenda for the next session.

Shafaq News Agency correspondent reported that Al-Halbousi had directed the inclusion of the budget bill on the agenda for next Monday’s session, upon a request submitted by MP Yousef Al-Kalabi and signed by 150 Representatives.

Zig  “Exchange Rate//Federal Court Law”…..a video by Jeff (Dinar Investor)….3/9 https://www.youtube.com/watch?v=qw0Yn_-idA4

butterfly   OPEC Reference basket hits $68/bbl

https://shafaq.com/en/Economy/OPEC-Reference-basket-hits-68-bbl

butterfly  2021-03-09 04:54 Shafaq News/ OPEC’s, Organization of the Petroleum Exporting Countries, reference basket oil price rose to $68/bbl driven by other crudes.

OPEC said in a statement received by Shafaq News Agency, “The price of OPEC basket of thirteen crudes rose by $1.3$ to $68.17 a barrel compared with $67.03 on Friday, according to OPEC Secretariat calculations.”

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  CBI sales rose by 49% in the Foreign Currency Auction

https://shafaq.com/en/Economy/CBI-sales-rose-by-49-in-the-Foreign-Currency-Auction    9 Mar 21, 09:25 AMbutterfly

2021-03-09 03:42  Shafaq News/ The Central Bank of Iraq sales of Foreign currency jumped on Tuesday by 49%.

Shafaq News Agency correspondent said that the CBI sales at the Foreign currency auction increased by 49.03% to reach 68,040,250 dollars at a cut-off price of 1460 dinars, compared to 45,655,000 dollars on Monday.

Our correspondent explained that no cash deals were made, while all the sales went to boost funds abroad in the form of transfers and credits, with 13 banks meeting those requests.

butterfly    Gold recovers from a nine-month low

https://shafaq.com/en/Economy/Gold-recovers-from-a-nine-month-low

butterfly  2021-03-09 02:49  Shafaq News/ Gold prices rose on Tuesday, as a pullback in U.S. Treasury yields added some lustre to the metal after it hit a nine-month low in the previous session.

Spot gold rose 0.7% to $1,692.21 per ounce by 0703 GMT. Prices had fallen more than 1% on Monday to $1,676.10, their lowest since June 5.

Silver rose 0.8% to $25.30 an ounce. Palladium climbed 0.3% to $2,322.68. Platinum gained 0.8% to $1,144.49.

butterfly   US dollar exchange rate drops in Baghdad and Kurdistan

https://shafaq.com/en/Economy/US-dollar-exchange-rate-drops-in-Baghdad-and-Kurdistan

butterfly  2021-03-09 01:33  Shafaq News / The dollar exchange rate on the stock exchange in Baghdad and Kurdistan Region dropped today.

Shafaq News Agency correspondent said that both Al-Kifah and al-Harithiya Stock Exchange in Baghdad registered 145350 Iraqi dinars per 100 US dollars earlier today, Tuesday.

Our correspondent indicated that the buying and selling prices in Baghdad’s local markets have reached 145750 and 144750 dinars, respectively, for every 100 US dollars.

As for Erbil, the Kurdistan Region’s capital, the selling and buying prices reached 145600 and 145300 dinars per 100 US dollars.

Butterfly    Iraq ranks first in Turkey’s exports in February

https://shafaq.com/en/Economy/Iraq-ranks-first-in-Turkey-s-exports-in-February    9 Mar 21, 09:28 AMbutterfly

2021-03-09 00:55  Shafaq News / The Mediterranean Exporters’ Unions announced today that Iraq ranked first in Turkey’s exports in February.

The Union’s coordinator said in a statement that $ 997 million worth of exports were collected last February.

She pointed out that Iraq topped the list with a 77.4-million-dollar worth of exports, followed by Russia ($53.2 million) and Germany (448.1 million).

It is noteworthy that Iraq heavily relies on imports to provide goods to its local markets, especially from neighboring countries like Turkey and Iran.

Butterfly   https://shafaq.com/en/Iraq-News/The-borrowing-law-scenario-might-be-repeated-in-the-voting-session-on-the-general-budget-MP-says

butterfly  The borrowing law scenario might be repeated in the voting session on the general budget, MP says

butterfly   2021-03-09 07:12  Shafaq News / The Parliamentary Legal Committee expected that the borrowing law scenario would be repeated in the voting session on the general budget next week, indicating that the parliament presidency will hold a meeting with the political parties before the voting session.

Member of the committee, Saeb Khadr, told Shafaq News Agency, “The Parliamentary Finance Committee has finished all the 2020 General Budget Law articles –except for Articles 10 and 11 related to the Kurdistan Region’s share- and submitted it to the Presidency of Parliament.”

butterfly  Envoy Reviews Ways of Unblocking Iran’s Assets in Iraq23

https://www.farsnews.ir/en/news/13991219000714/Envy-Reviews-Ways-f-Unblcking-Iran%E2%80%99s-Asses-in-Ira 2021-March-9 16:

butterfly   Masjedi exchanged views with Allawi on unfreezing Iran’s blocked revenues in Iraq.  Allawi said that unblocking the money is among Iraq’s priorities and stressed that preliminary steps have been taken in this regard.

Iraq owes nearly six billion dollars to Iran for the export of natural gas and electricity. The money has been stuck in Iraqi banks due to the US illegal sanctions.

In relevant remarks on Saturday, Iran’s Finance Minister Farhad Dejpasand said that his country will receive its frozen revenues in Iraq.

Dejpasnad said that Iran will soon achieve its right in releasing the frozen money in Iraq, adding that the illogical pressures have decreased.

He expressed the hope that the released resources will be spent on facilitating economic activities.

“The Governor of the Central Bank [of Iran] will provide further information in this regard in a documented and accurate manner,” he stressed.

butterfly  Hungary hails Peshmerga role in protecting Christians in fight against ISIS

https://www.kurdistan24.net/en/story/24060-Hungary-hails-Peshmerga-role-in-protecting-Christians-in-fight-against-ISIS

Azbej thanked the Kurdistan Region’s Peshmerga forces who “sacrificed a lot” to protect the Christian population and other minority groups in Iraq when the terror group attacked their areas, according to a statement from Barzani’s office.

butterfly  ERBIL (Kurdistan 24) – A top Hungarian envoy on Tuesday hailed the role of Peshmerga forces in protecting Christians and other minorities in a meeting with Kurdistan Region Prime Minister Masrour Barzani in Erbil.

Barzani received Tristan Azbej, Hungary’s State Secretary for the Aid of Persecuted Christians and his delegation in the Kurdistan Region’s capital Erbil, where the two discussed the role of the Region in protecting the Christian and other minorities from the Islamic State group, the recent papal visit, and bilateral relations.

Azbej thanked the Kurdistan Region’s Peshmerga forces who “sacrificed a lot” to protect the Christian population and other minority groups in Iraq when the terror group attacked their areas, according to a statement from Barzani’s office.

In addition, Azbej praised the Kurdistan Regional Government (KRG) for its successful and warm handling of the Catholic church leader’s visit to the Region, the statement added.

The final stop of Pope Francis’ trip was Erbil, where he led a Mass for an estimated 10,000 attendees at Franso Hariri Stadium, named for the assassinated Christian politician and former governor of Erbil.

Barzani, in turn, thanked Hungary for its “assistance and support” to the Kurdistan Region within the framework of the international coalition against ISIS, and expressed his satisfaction with multilateral relations with the eastern European country.

The Hungerian envoy in a tweet on Monday said he had been touched by a scene during the Mass when Pope Francis prayed in front of a restored statue of the Virgin Mary that had been desecrated by ISIS militants when they occupied the Nineveh plains between 2014 and 2017.

butterfly  Egypt seeks land route with Jordan, Iraq to boost trade

https://www.al-monitor.com/pulse/originals/2021/03/egyot-jordan-iraq-land-route-trade-economic-relations.html

Egypt recently announced a deal between Jordan and Iraq for the establishment of a land route connecting the three countries, in a bid to boost economic and trade relations between them.

butterfly   Hezbollah praises Pope’s visit to Iraq

https://www.plenglish.com/index.php?SEO=hezbollah-praises-popes-visit-to-iraq&id=65176&o=rn

butterfly  Beirut, Mar 9 (Prensa Latina) Lebanon’s Hezbollah on Tuesday hailed Pope Francis’ visit to Iraq and his meeting with Grand Ayatollah Sayyid Ali al-Husayni al-Sistani.

Both religious leaders agreed on the need to ease the suffering, injustice, oppression, poverty, religious and intellectual persecution, wars, violence and displacement that many have been facing in various countries, especially the Palestinian people in the occupied territories.

The Islamic Resistance noted that in the last two decades, Iraq has been a victim of wars and conflicts as a result of the occupation by the United States and the creation of Daesh (Islamic State), which it described as two faces of the same coin.

In a statement released on Tuesday, Hezbollah (Party of God) considered that the Pope’s visit to Iraq is a starting point for the Arab country to restore its role regionally and internationally, and to strengthen its natural right to sovereignty and stability.

The statement highlighted the key role of religious authorities to confront aggression and occupation, expose terrorism, confirm values of harmony and peaceful coexistence, and peoples’ right to resistance, legitimate defense against occupation and support for their aspirations for freedom and justice.

PeteV  (3/9) Exchange Rate / Federal Court Law   https://youtu.be/qw0Yn_-idA4

butterfly      /    SAHARA ME Sponsors SPE-Baghdad Technical Event

https://www.iraq-businessnews.com/2021/03/09/sahara-me-sponsors-spe-baghdad-technical-event

butterfly  SAHARA Middle East Petroleum Services, a prominent local oilfield services company, has sponsored the SPE-Baghdad Chapter Upstream Technical Event.

The company, which provides Well Services, Chemical Management Services, and Midstream-Downstream Technical Solutions, presented case studies on a holistic approach to well integrity and formation evaluation through spectral noise and high accuracy temperature simulations for highly challenging wells.

butterfly  Sarta-2 Well enters Production

https://www.iraq-businessnews.com/2021/03/09/sarta-2-well-enters-production/

butterfly   Genel Energy has announced that the Sarta-2 well has entered production at the Sarta field (Genel 30% working interest), with gross field production now in excess of 10,000 bopd.

Genel expects this figure to increase from the existing two producing wells, as optimisation of facilities configuration continues post production start-up.

The company added that the high-impact 2021 appraisal drilling campaign is on track to begin at the start of Q2, with the Sarta-5 and Sarta-6 wells set to be drilled back to back.

butterfly   https://www.iraq-businessnews.com/2021/03/09/nato-iraq-and-the-benefits-of-the-alliance/

NATO, Iraq, and the Benefits of the Alliance By Major Tim Ball, for the Foreign Policy Research Institute (FPRI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. After a recent meeting of defense ministers in Brussels, NATO Secretary-General Jens Stoltenberg announced that the Alliance would expand the size of its security training mission in Iraq, increasing troop levels from 500 to 4,000.

Sheila   Dinar Investor (Jeff) (3/9) 2021 — Exchange Rate / Federal Court Law — https://www.youtube.com/watch?v=qw0Yn_-idA4

Dave  sheila Dang…Border Still closed……Any ideas on how to get to Texas to exchange???

Zig    sheila : Pete and I both posted that “Jeff” link above….lol…ya think he gets enough exposure here??….lol…but I can’t entice him into returning, and our emails going back and forth have been very friendly lately….lol….oh well…..I may have lost my “touch” and charming ways   :Think:

Dave  Zig needs to be selective……imagine the line ups at his Texas location to exchange

UNEEK  Parliamentary Finance of NOAA: We rule out adjusting the exchange rate of the dollar against the Iraqi dinar   7 hour ago Iraq

Today, Tuesday (March 9, 2021) the Parliamentary Finance Committee ruled out the issuance of a new decision to amend the exchange rate of the dollar against the Iraqi dinar, in conjunction with the rise in oil prices in the global market.

Committee member Jamal Cougar said in an interview with Noa, that the committee does not have any tendency to modify the exchange of the dollar against the dinar, indicating that the parliamentary finance does not have any authority to amend the exchange rate because the authority is limited to the central bank only.

He added that the budget is designed on the basis of the new exchange rate, stressing that the change of the dollar against the dinar will cause confusion in the economic situation and the loss of confidence in the Central Bank.   https://www.radionawa.com/all-detail.aspx?jimare=23825

Butterfly  Regarding Nasiriya events, Iraqi Cabinet concludes important outcomes

https://shafaq.com/en/Iraq-News/Regarding-Nasiriya-events-Iraqi-Cabinet-concludes-important-outcomes

butterfly  2021-03-09 11:35  Shafaq News / Iraq’s Prime Minister Mustafa Al-Kadhimi announced, on Tuesday that the investigation in Nasiriya Clashes has yielded important conclusions.

According to a statement by the Cabinet, Al-Kadhimi said, “The events in Nasiriya were painful, we promised people there to find the perpetrators,…we have concluded very important outcomes.”

He added, “starting from this session, all ministers must go to the city of Nasiriya weekly within a schedule by the Prime Minister… every minister should supervise the work in the governorate in order to follow-up the suffering of the people, not only in Nasiriya, but in all governorates.”

Earlier, the Commander-in-Chief of the Armed Forces, Mustafa Al-Kadhimi ordered to form a “higher” committee to investigate the bloody clashes in Nasiriya, which left dozens of dead and injured.

The Security Media Cell said in a statement “Al-Kadhimi had ordered the formation of a higher committee, headed by Lieutenant General Bassem Al-Ta’i which includes senior officers of the Ministries of Defense, Interior and National Security to investigate the events of the city of Nasiriya.”

Nasiriya demonstrations prompted the Iraqi Prime Minister, Mustafa Al-Kadhimi, to replace the governor of Dhi Qar, Nazem Al-Waeli, with the head of the National Security Agency, Abdul Ghani Al-Asadi, who was rejected by the demonstrators.

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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