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Zig’s Place Chat News Monday AM 3-22-21

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Butterfly  Change bloc warns of a recurrence of the scenario of selecting judges for the Electoral Commission in the Federal Court

Monday 22, March 2021 10:47 | Deputy Chairman of the Constitutional Amendments Committee in the House of Representatives Yusef Muhammad and a member of the Legal Committee, Bahar Mahmoud, warned of the repetition of the scenario of selecting judges for the Electoral Commission in the Federal Court, describing the vote to amend the Federal Court Law as a “big mistake.”

In a joint statement, the two representatives of the Change Bloc stated, “The vote to amend Law No. 30 of 2005 for the Supreme Federal Court by a simple majority was a great mistake and a clear violation of the constitution, specifically Clause Two of Article 92 of it, which stipulates that the vote on the Supreme Federal Court Law It must be by a two-thirds majority of the members of the House of Representatives. ”

He clarified that: “From the operative part of this article, we understand that any legislation pertaining to the Supreme Federal Court must be by a majority of two-thirds of the members, and this is what the Supreme Federal Court went to in its opinion statement of No. 107 of 2012 on the inquiry of the former Parliamentary Legal Committee and its decision No. (38) of 2019. ‘

And they added, “The Change Bloc demanded more than once that the vote be by a two-thirds majority, but its opinion was not taken, and this made it refuse to participate in the voting session,” expressing their hope to correct this fatal mistake because “what was built on falsehood is invalid.” Many problems in the future, especially when approving the results of the upcoming elections, which will be under suspicion and disagreement by the political blocs.

The two representatives of the Change Parliamentary Bloc said, “The amendment to the Federal Court law that Parliament voted last week is” the lesser evil “compared to the more problematic legislation of a new court law.

butterfly  At the same time, they cautioned against the repetition of the scenario of selecting judges who are members of the Board of Commissioners of the Election Commission, which was marred by a lot of defects, problems and ambiguities, in the process of selecting members of the Federal Court. Specifications of competence, integrity, experience and scientific level, taking into account the representation of components being a constitutional issue, and avoiding quotas .  https://ninanews.com/Website/News/Details?key=894734

butterfly https://ninanews.com/Website/News/Details?key=894774

The National Union bloc of / NINA /: The dissolution of the House of Representatives one day before the date of the elections is legally possible

Monday 22, March 2021 15:47  The Patriotic Union of Kurdistan bloc confirmed that dissolving the House of Representatives one day before the date officially set for the upcoming elections is legally possible.

The head of the Union bloc, MP Ala Talabani, said in a statement to the Iraqi National News Agency / NINA / that “the political blocs have led to the conduct of early elections and the dissolution of parliament, but before that the legal legislation and required procedures must be completed, including the formation of the new commission of judges and the approval of the new election law permitting Candidates may nominate individually and not be limited to lists of political parties and blocs, then legislation of the Federal Court law, so that there is no constitutional vacuum. ”

She explained that “what remains now is to dissolve the parliament on October 9, if elections are held on the scheduled date 10/10.”

She added, “The political blocs announced their commitment to dissolving Parliament one day before the elections, as we asked the President of the Republic to issue a decree to do so, and in the nearest session we will officially vote and Parliament will be dissolved, if there are elections.

Regarding the constitutional text for the mandate of the legislative session and the conduct of elections, Talabani stressed that “the dissolution of Parliament one day before the officially specified date is legally possible, because they are elections in exceptional circumstances, and we want reassurance that the Commission, the government and the concerned authorities are able to hold the elections on the specified date October 10.” Next, otherwise there will be a constitutional vacuum. ”

Last Saturday, leaders and heads of political blocs announced the submission of a formal request for the signatures of more than 172 deputies to dissolve the House of Representatives one day before the elections.

butterfly https://www.shafaq.com/en/Economy/Dollar-exchange-rates-in-Iraq-9-7

Dollar exchange rates in Iraq  2021-03-22 04:25  Shafaq News / The dollar exchange rates fell slightly in the Iraqi market today, Monday (March 22, 2021).

  • The Kifah Stock Exchange recorded 145,650 dinars, for $ 100.
  • The Al-Harthiya Stock Exchange recorded 145,650 dinars for 100 dollars.

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

  • Sale price: 146,000 dinars for $ 100   • Purchase price: 145,000 dinars for $ 100

butterfly  https://www.shafaq.com/en/Economy/Foreign-currency-exchange-climbs-Iraq-central-bank-said-9

Foreign currency exchange climbs, Iraq’ central bank said.  2021-03-22 05:02  Shafaq News / the Central Bank of Iraq on Monday, 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 94 million 794 thousand 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.

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 bank said on Saturday.

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.

22 Mar 21, 08:05 AM butterfly  https://www.shafaq.com/en/Economy/Euro-stocks-plunged-with-Turkish-lira-commotions-and-Germany-s-lockdown

Euro stocks plunged with Turkish lira commotions and Germany’s lockdown   2021-03-22 06:07  Shafaq News/ A slump in Turkey’s lira and worries about prolonged lockdowns in Germany pushed European stocks lower on Monday, with banks and travel shares taking the biggest hit.

The pan-European STOXX 600 fell 0.5% by 0806 GMT, down for the second straight session after hitting a one-year peak last week.

The global mood soured as the Turkish lira dropped to a record low after President Tayyip Erdogan replaced a hawkish central bank governor with a critic of high interest rates over the weekend.

Euro zone banks exposed to the country such as Spain’s BBVA, Italy’s UniCredit, France’s BNP Paribas, and Dutch bank ING fell between 1.6% and 5.2%.

Travel stocks also dropped as a draft proposal seen by Reuters showed Germany was set to extend a lockdown to contain the COVID-19 pandemic into its fifth month.

The German DAX was down 0.5%, while France’s CAC 40 fell 0.9% and UK’s FTSE 100 dropped 0.8%.

British home improvement retailer Kingfisher rose 3.6% after it reported a 44% jump in full-year profit, driven by the popularity of do-it-yourself (DIY) projects.

butterfly  https://ninanews.com/Website/News/Details?key=894719

Low oil prices … and Brent back to $ 64.25 a barrelOil prices fell, on Monday, amid concerns about a decrease in demand for fuel products, in the wake of more European closures that dominated trading.

According to / Reuters / Brent crude fell 27 cents, or 0.43 percent, to reach $ 64.25 a barrel.

The price of US oil fell 28 cents, or 44%, to $ 61.15 a barrel, as both contracts fell by more than 6% last week.

The Organization of Petroleum Exporting Countries (OPEC) and its allies applied unprecedented cuts in production in an agreement to balance global markets after the decline in demand during the Covid-19 pandemic.

American drilling companies are beginning to benefit from the early price hike amid optimism about a return to demand.

butterfly  https://ninanews.com/Website/News/Details?key=894730

The central bank will put into circulation the banknotes protected from the Corona virus   Monday 22, March 2021 10:21 Announced the Central Bank of Iraq, in addition protection of property of bacteria and viruses, including the virus Corona strain, to the banknotes that will be put forward soon to trading. ”

Said central bank in a statement that added biological pesticide developed by specialized international companies to print banknotes In coordination with the competent authorities .

butterfly  https://ninanews.com/Website/News/Details?key=894739

Foreign exchange rates, gold and oil on Monday   Monday 22, March 2021 11:20 The Iraqi Political Economic Center announced the prices of foreign currencies, gold and oil this Monday.

The selling price of the dollar was 146,000 thousand dinars on the local stock exchange, and the dollar purchase price was 145,000 dinars against one hundred dollars.

The 100 euros recorded 118.87 dollars, the 100 pounds 139.45 dollars, while the 100 dollars recorded 793.45 Turkish liras.

The global price of an ounce of gold was recorded at $ 1729.53, and the price of a barrel of Brent crude oil was $ 63.73, and a barrel of US crude oil was $ 60.60.

butterfly  https://ninanews.com/Website/News/Details?key=894763

The Ministry of Finance begins to launch the financing of state employees’ salaries for the month of March

Monday 22, March 2021 14:25 | The Ministry of Finance has begun launching the financing of state employees’ salaries for the current month of March.

butterfly  https://ninanews.com/Website/News/Details?key=894751

Basra Investment announces the establishment of a plant for the production of large GRP tubes

Monday 22, March 2021 13:32 The Basra Investment Commission announced today, Monday, the intention of a company to establish a plant for the production of pipes used in the conveyor lines of GRP sewage networks inside Basra Governorate, at a cost exceeding 18 million dollars.

“The plant will be built on an area of 31 dunums and with German-origin machines to produce pipes of various diameters ranging from 110 to 4 meters that are used in sanitation, water and petrochemical projects,” said the head of the authority, Alaa Abdul-Hussein, in a press statement.

He indicated that Basra is one of the first governorates. Which adopted work according to strategic programs aimed at establishing pioneering investment projects in the infrastructure within the plans aimed at expanding building advanced industries, attracting global investments, creating new job opportunities for youth and engineering and technical energies, and achieving an increase in revenues by reducing imports from countries of the world.

Butterfly  https://ninanews.com/Website/News/Details?key=894791

The Minister of Defense discusses with the US ambassador issues of common interest between the two countries

Monday 22, March 2021 16:54 Defense Minister Jumah Inad Saadoun met, on Monday, in his office at the Ministry’s headquarters, the Ambassador of the United States of America in Baghdad, Matthew Toller, and the accompanying delegation.

The two sides discussed issues of common interest between the two countries.

butterfly  https://ninanews.com/Website/News/Details?key=894792

Parliamentary law for / NINA /: Parliament will continue its work if the government breaches its obligations not to hold elections next October

Monday 22, March 2021 17:06 The Parliamentary Legal Committee confirmed that the House of Representatives will continue its work in the event that the government breaches its obligations not to officially hold elections on the tenth of next October.

According to the decision of the Committee MP Yahya Mohammadi, told the National Iraqi News Agency / Nina / that ” the political blocs unanimously agreed to dissolve the House of Representatives before the elections, but it needs a legal formula and an in- depth study towards a formal solution”.

He added that “the official announcement by the leaders of the political blocs is to indicate the general direction agreed upon by Parliament and all components towards dissolving the House of Representatives, but the timing and date before or after the elections, and the legal mechanism for dissolving Parliament will mature later.”

He explained, “In the event that the government breaches its obligations and does not hold the elections on the agreed date set on October 10, the parliament will remain in place until the elections are held,” indicating that “all the blocs and components have announced their unanimity to proceed to dissolve the parliament. As for the mechanism and timing, work will be done to mature it legally.” .

Last Saturday, leaders and heads of political blocs announced the submission of a formal request for the signatures of more than 172 deputies to dissolve the House of Representatives one day before the elections.

butterfly  https://www.auswaertiges-amt.de/en/aussenpolitik/themen/menschenrechte/04-wsk/world-water-day/2449348

World Water Day: clean water for Iraq and South Sudan 22.03.2021   Worldwide, 1.4 billion people have only a few litres of water per day at their disposal. The Federal Foreign Office has provided 6 million euro to support projects in Iraq and South Sudan which are safeguarding the water supply for 300,000 People.

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