Zig’s Place Chatroom News Thursday Evening

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

Butterfly   2022-05-12 04:31   Shafaq News/ The U.S. dollar (USD) exchange rates against the Iraqi dinar (IQD) inched up in the markets of Baghdad and climbed in Erbil on Thursday.

Shafaq News Agency correspondent said that the Central al-Kifah and Al-Harithiya exchanges are trading the USD at a rate of 148000 IQD to 100.

Our correspondent said that the selling and buying rates of 100 USD in the local markets of the Iraqi caested at 148500 and 147500 IQD, respectively.

In the capital of the Kurdistan Region, Erbil, the selling and buying rates settled at 148200 and 148000 IQD to 100 USD.

butterfly  DNO Profits Surge on Back of High Oil and Gas Prices ………… https://www.iraq-businessnews.com/2022/05/12/dno-profits-surge-on-back-of-high-oil-and-gas-prices/

butterfly   Oil prices fell more than 1 percent today, Thursday, during a volatile week, as economic fears of recession roiled global financial markets, outweighing supply concerns and geopolitical tensions in Europe.

Brent crude futures fell $1.25, or 1.2%, to $106.26 a barrel by 04:03 GMT, and West Texas Intermediate crude futures fell $1.24, or 1.2 percent, to $104.47 a barrel.

Oil prices are under pressure this week, along with global financial markets amid fears of higher interest rates for the US dollar, which is the strongest in two decades, and concerns about inflation and a possible recession, as the prolonged shutdown of COVID-19 has affected China, the world’s largest importer of crude.

However, supply concerns stemming from the Russian invasion of Ukraine have boosted the market, with prices rising more than 35% so far this year.

The European Union’s suspended embargo on oil from Russia, a major supplier of crude and fuel to the bloc, could further tighten global supplies, supporting prices.

butterfly   SULAIMANI — Crude oil prices were up on Thursday (May 12) compared to the previous day.

The price of Brent crude was at $105.2, up from $104.9 the previous day, and the price of WTI crude was at $103.2, up from $102.1.

butterfly    SULAIMANI — Google announced as part of the I/O 2022 developer conference on Wednesday (May 11) it will add 24 new languages to its Google Translate service, including Sorani Kurdish.

Sundar Pichai, the CEO of Alphabet Inc. and its subsidiary Google, said the expansion allows Google to cover languages spoken by nearly 300 million people.

The new languages added, in addition to Sorani, include Assamese, Aymara, Bambara, Bhojpuri, Dhivehi, Dogri, Ewe, Guarani, Ilocano, Konkani, Krio, Lingala, Luganda, Maithili, Mizo, Oromo, Quechua, Sanskrit, Sepedi, Tigrinya, Tsonga and Twi.

Most of the added languages are spoken by several million people in Africa, India, and South America and they bring the total number of languages Google Translates accommodates to 133.

Kurmanji Kurdish was added to the service in 2016

butterfly   OPEC cuts 2022 world oil demand forecast again on Ukraine war impact ………. https://english.alarabiya.net/business/energy/2022/05/12/OPEC-cuts-2022-world-oil-demand-forecast-again-on-Ukraine-war-impact

butterfly    UK’s Sunak says he is pragmatic about windfall taxes on profits of oil firms ……….. https://english.alarabiya.net/business/energy/2022/05/12/UK-s-Sunak-says-he-is-pragmatic-about-windfall-taxes-on-profits-of-oil-firms

Sheila   Interesting reading on ISO 20022 posted December 09, 2015: Paper explores the ISO 20022 landscape while combating myths about the global standard as it relates to payments

HERNDON, Va., Dec. 10, 2015 – Nacha—The Electronic Payments Association® announced today that it has released a white paper, “Introduction to ISO 20022 for U.S. Financial Institutions,” to shed light on the standard’s practices and opportunities in the U.S. and global payments landscape, and to dispel myths surrounding what use of this standard can and cannot support.

ISO 20022 is the standard for financial service messaging used to describe business processes, such as payments, developed by the International Organization for Standardization, an international standards-setting body. As a leader in bringing a broad set of industry participants together to agree on payment-related rules and standards, Nacha has taken a key role in providing dialogue, education and analysis about ISO 20022 so ACH Network users may understand the standard and its implications for the payments industry.

“The purpose of this white paper is to provide clarity regarding the promises, strategies, myths and roadblocks for ISO 20022 and payments,” said George Throckmorton, Managing Director of Network Development for Nacha. “Issuing the paper is part of Nacha’s ongoing efforts to meet the needs of the present by providing industry tools and solutions to assist with ISO 20022 ACH integration while preparing for the future by continuing to monitor, explore and engage with market participants around the possibility of ISO 20022 ACH conversion.”… continued at this link…

https://www.nacha.org/news/nacha-releases-white-paper-introduction-iso-20022-us-financial-institutions

Sheila   The name of an Iraqi government bank was removed from the international sanctions list

May 11, 2022,,, 2022-05-11 06:37A-AA+  Shafaq News/ Al-Rasheed Bank announced on Wednesday the removal of its name from the list of international sanctions of the Charter of the United Nations, which came in accordance with the document issued on April 18, 2022.

In a statement received by Shafak News Agency, the media office said that this decision came due to the efforts made by the Iraqi government, the Ministry of Foreign Affairs, the Permanent Representative of the Republic of Iraq to the United Nations and Al-Rasheed Bank.

The statement stressed that this decision has restored Al-Rasheed Bank to its rightful place in the banking field. — https://search4dinar.wordpress.com/2022/05/11/the-name-of-an-iraqi-government-bank-was-removed-from-the-international-sanctions-list/

Butterfly   sheila Bingo! Could it be could it be…..one of the hold outs?

Sheila   butterfly one of how many? when, when, when!!!

butterfly   2

Sheila   butterfly I am laughing as I typed that rant. Exasperating.

Butterfly   The compass of dialogue is heading towards concluding a “reconciliation between the adversaries,” and the independent seats are crucial to choosing the “president.”

https://almadapaper.net/view.php?cat=264603

butterfly   https://almadapaper.net/view.php?cat=264603

butterfly   Starbucks raised prices after reporting a 31% increase in profits.

Same with Tyson, who posted $1 billion in profits last quarter — a 48% increase from the first quarter of 2021.

Get the picture?

butterfly   I heard an audio from Tyson, saying they will continue raising prices. So these big companies are the ones making the big bucks bc they can’t be stopped. Private businesses.

butterfly   Al-Maliki: Parliament’s intention to question current ministers is a legal violation

Thursday 12 May 2022 23:40 coalition, Nuri al-Maliki, considered the Parliament’s intention to question current ministers as a legal violation.

And he said in a tweet on Twitter: The current parliament’s intention to question a number of ministers in the expired government, dismiss them, and grant confidence to new ministers is a clear legal violation, because the current parliament was not the one who voted to form this government and did not give them confidence until questioning them. https://www.ninanews.com/Website/News/Details?Key=975784

butterfly   2022-05-12 16:28   Shafaq News/ The Shiite Coordination Framework and its allies are awaiting an initiative from the leader of the Kurdistan Democratic Party, Masoud Barzani

The leader of the Al-Fateh Alliance, affiliated with the Framework, Ali Al-Zubeidi, told Shafaq News Agency, “It is not true that part of the coordination framework belongs to the opposition.”

“The Framework forces continue their meetings with the political forces to end the political deadlock.”

Al-Zubeidi indicated that the Framework awaits an important initiative by the leader of the Kurdistan Democratic Party, Masoud Barzani.”

In turn, the leader of the Framework, Ali Al-Fatlawi, confirmed to our Agency, “The news about an agreement that a part of the Framework stand by Al-Sadr to form a majority government, and another part would be in the opposition is incorrect, and there is no such agreement or proposal.

“The Shiite coordination Framework is still firm that it would form the government or be in opposition with all its forces.”

The Coordination Framework launched a 9-point initiative earlier, while the Sadrist movement called on independent MPs to ally and form the government.

A source revealed to our Agency that 46 independent MPs met at MP Haidar al-Shamkhi’s residence to discuss the latest political developments. A new decisive meeting will be held in the next few days.

Since the Iraqi Parliament held its first session on the ninth of last January, the situation became more complicated with the Framework insisting on having the “Shiite” largest Bloc because the prime minister is entitled to the Shiites, while the leader of the Sadrist movement Muqtada al-Sadr refuses to engage in an alliance with the Framework forces and adheres to excluding the leader of the State of Law coalition Nuri al-Maliki from any alliance.

butterfly   On the other hand, the dispute between the two Kurdish poles continues; the Kurdistan Democratic Party says the position of the President of the Republic is a “Kurdish entitlement, and not for a specific party.” At the same time, the Patriotic Union of Kurdistan asserts that this position is its right.

The scene became more critical after al-Sadr announced his withdrawal from negotiations to form the next government and choose the next prime minister giving this task to the Framework to solve in 40 days but the Framework “failed.”

The Sadrist Movement leader then called for independent deputies to form the next Iraqi government within 15 days.

The Shiite Cleric renewed his call to some of the Framework’s forces to join the Alliance with the Sadrist bloc.

This situation created differences of opinions among the independent representatives over the initiatives of the Shiite rivals, the Sadrist movement, and the Coordination Framework.

butterfly   2022-05-12 10:57   Shafaq News/ The U.S. dollar (USD) exchange rates against the Iraqi dinar (IQD) climbed in the markets of Baghdad today evening.

Shafaq News Agency correspondent said that the Central al-Kifah and Al-Harithiya exchanges are trading the USD at a rate of 148150 IQD to 100.

Our correspondent said that the buying and selling rates of 100 USD in the local markets of the Iraqi capital stood at 148500 and 147500 IQD, respectively.

 

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