Zig’s Place Chatroom News Sunday AM 7-11-21
Zig: Welcome to zig’s place, a chat room for dinar speculators and others….discuss any topic that you wish here
Butterfly Finance is looking into the implementation of the financial and information management systems within the steps of the reform paper
Sunday 11 July 2021 15:38 ……..Minister of Finance Ali Abdul-Amir Allawi chaired, today, Sunday, a meeting to follow up on the implementation of the reform projects “White Paper” in the presence of the Executive Director of the Economic Reform Committee Alaa Al-Saadi, Undersecretary Taif Sami, advisors to the Minister of Finance and general managers of the ministry.
A statement of the Ministry of Finance stated, “During the meeting, the reform axes identified by the white paper were discussed, represented by the “Public Financial Management and Financial Information” systems, as part of its steps, which are among the important steps to achieve sustainable financial stability and give an opportunity to achieve other structural reforms.
The statement added, “The meeting witnessed a discussion of the implementation of the integrated financial information management system project, which will contribute to increasing the speed of electronic communication for the ministry and the rest of the ministries in order to provide accurate information and will enhance the supervisory role on financial accounts and not exceed the financial appropriations established in the budget, in addition to facilitating the process of implementing the program and performance budget.” .
butterfly The minister said: The application of the financial management system and the information management system will enhance the state’s access to the necessary funds and control government spending, which will lead to spending these funds efficiently and effectively in accordance with the state’s financial policy.
Allawi stressed the continuation of follow-up to the content of the white paper to reform the financial and economic affairs, which will lay down the main steps for preparing budgets for the coming years.
butterfly Bahaa Al-Araji: Any upcoming escalation will delay the issuance of the decision to schedule the American withdrawal
Sunday 11 July 2021 10:26……..Former Prime Minister Bahaa Al-Araji said that any upcoming escalation will delay the issuance of the decision to schedule the American withdrawal from the country.
And he stated in a tweet that: The aim of the expected visit of the Prime Minister to the United States of America is to end the negotiation file on scheduling the American withdrawal from Iraq and to issue a decision to that.
Al-Araji added that: Any upcoming escalation will delay the issuance of this decision, and whoever raises the slogan of removing the occupier should stand with the Prime Minister and support him to achieve this national demand.
butterfly 2021-07-11 06:58 Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than 209 million in foreign currency today, Sunday, nearly 10% above the previous session.
Shafaq News Agency correspondent said that CBI’s sales of foreign currency in today’s auction amounted to $209,412,444, up by 9.42% compared to last week’s $191,434,000. The weighted rate of the U.S. dollar averaged 1460 dinars.
Our correspondent explained that 18 banks and 14 exchange companies cashed $40,000,080 million, while the remaining sums went to boost funds abroad in the form of credit and non-cash transactions with 33 banks meeting those demands.
butterfly 2021-07-11 02:14 Shafaq News/ The U.S. dollar registered today a higher exchange rate against the Iraqi dinar in the markets of Baghdad and Kurdistan.
Shafaq News Agency correspondent said on Sunday that the Central al-Kifah and al-Harithiya exchanges are trading the dollar at a rate of 147,600 dinars to 100, up by 300 dinars compared to yesterday.
Our correspondent said that the 100 U.S. dollar buying and selling prices in the unofficial markets in Baghdad settled at 148,000 and 147,000 Iraqi dinars.
The buying and selling prices of the dollar in the capital of the Kurdistan Region also rose today, registering 148,000 and 147,500 dinars for every 100 dollars, respectively.
butterfly 2021-07-11 08:17 Shafaq News/ The Federal Government of Iraq has deposited 200 billion dinars in the bank account of the Kurdistan Regional Government, a source revealed.
Late in June, a source in KRG said that the Iraqi Premier Mustafa al-Kadhimi had signed an decree to allocate 200 billion dinars advance to KRG to secure the salaries of the Region’s public servants.
Butterfly Islamic State uses hit-and-run tactics in Iraq
Islamic State cells continue to target Sunni areas while armed groups thought to be close to Iran step up attacks on facilities hosting international coalition forces.
butterfly July 11, 2021 Islamic State (IS) remnants continue to make their presence known in mostly Sunni-majority areas in Iraq, including an attack earlier this month on fishermen near the Haditha Dam, not far from the town of the same name that was under siege for over a year during the battle against IS.
Iraq officially declared victory against IS in December 2017, after the last urban center in the country — Rawa in western Anbar — had been retaken from the international terrorist group the previous month.
Haditha, known for its Jughayfa tribe and fierce tribal fighters as well as a massacre of civilians by US Marines in November 2005, and an attempted coverup later subjected to a lengthy investigation, never fell to the international terrorist group.
A fighter from a local Sunni Popular Mobilization Unit (PMU) in the region who did not want to be named told Al-Monitor July 8, “Four fishermen had been killed in the attack by three IS in a pickup truck.”
The mayor of Haditha said that five others were injured in the attack, which occurred about 200 kilometers (124 miles) northwest of Baghdad.
The most prominent sheikh of the dominant Jughayfa tribe in Haditha, Sheikh Awwad, told Al-Monitor in a WhatsApp exchange that the IS fighters who attacked the fishermen had “fled but are located in the Jazeera area in underground tunnels. They receive supplies and fuel via the Haditha lake opposite from Reyhana.”
Reyhana is a town that is administratively part of modern Anah. Ancient Anah was located nearby but was flooded under an artificial lake created by the Haditha Dam. The dam is the second-largest hydroelectric contributor to Iraq’s power system after the Mosul Dam and was completed in 1987.
butterfly During the 2017 fight to retake Anah, Reyhana was the hardest area, local fighters involved in the battle had told Al-Monitor at the time, due to the concentration of IS foreign fighters. It was heavily damaged in the battle and by airstrikes as appeared in reporting from the town afterward.
The Jughayfa sheikh said that he believed IS fighters were the ones sabotaging power lines in Anbar.
In early July, IS claimed responsibility for improvised explosive device attacks targeting Iran-aligned armed groups on the road between Qaim and Akashat, allegedly killing one and wounding two others.
The small town of Akashat, mainly known for its phosphates quarry and uranium ore production facility, is in an area running alongside the Syrian border south of Qaim to near Rutba under the control of the PMU and difficult to access for anyone not associated with them. Al-Monitor has on previous trips to western Anbar been refused access to this area.
Armed groups believed to be linked to Iran have in recent weeks intensified attacks on bases hosting US-led international coalition forces as many power lines as well as energy imports from Iraq’s eastern neighbor have been cut amid suffocatingly high summer temperatures.
Some have posited that Iran-linked groups are behind the multitude of attacks on power lines and facilities in recent weeks. Given Iran’s concurrent halt to energy supplies for Iraq, they claim it may be a way for Iran and groups linked to it to apply pressure on Iraq.
The largest danger to both local forces and international ones on the ground no longer seems IS, some security sources in Anbar contacted by Al-Monitor said, despite continuing but sporadic attacks targeting local fighters, security forces and others.
butterfly Rocket and drone attacks have targeted the Ain al-Asad base, which hosts international forces, in the Sunni-dominant western Anbar region, at least four times in just over a month — June 6, June 20, July 5 and July 7.
After the latest attack, coalition spokesman Col. Wayne Marotto tweeted that two “personnel sustained minor injuries. Damage still be assessed” and noted that, “At approx. 12:30 PM local time, Ain Al-Assad Air Base was attacked by 14 rockets. The rockets landed on the base & perimeter. Force protection defensive measures were activated.”
Marotto told Al-Monitor in response to emailed questions that the Iraqi Security Forces (ISF) and “coalition believe these rockets were fired by outlaw militia groups,” and that Defense Ministry spokesman Maj. Gen. Yehia Rasoul had “released a statement calling the perpetrators terrorists and enemies of the Iraqi state,” while Joint Operations Command spokesman Maj. Gen.
Tahseen al-Khafaji had said, “The rocket attack violated Iraqi sovereignty and put in harm’s way Iraqi civilians and troops from the ISF and Coalition.” The Iraqi Security Media cell tweeted that some of the rockets at the launch site were not shot at the base and ended up exploding, damaging local homes and a mosque.
Marotto said, “Due to operational security, we don’t provide details of where we place force protection systems or operational details of force protection.” He added, “We want to ensure there is not a resurgence of Daesh [IS]. Both groups — outlaw militia groups and Daesh — are a threat to the mission of OIR, to defeat Daesh.”
Iraqi officials including Prime Minister Mustafa al-Kadhimi frequently refer to groups believed to be close to Iran and in any case conducting attacks on Iraqi territory against facilities and convoys connected with the international coalition as “outlaw” groups.
butterfly Marotto stressed, “The U.S./Coalition has the inherent right to self-defense. The Coalition is not attacking outlaw militia groups — they are attacking us. U.S. strikes against threats are in collective defense of the U.S. and Coalition forces and our Iraqi partners.”
He continued, “It is the outlaw militia groups and Daesh whom do not want stability, security and economic prosperity. They want aggrieved people full of anger and no hope so its violent extremist ideology fills the void. CJTF-OIR continues to be committed to developing the capacity and capability of the Iraqi Security Forces in the defeat of Daesh. The recent attacks are a significant distraction from the defeat Daesh mission.”
The coalition has been steadily drawing down its forces in Iraq over the past year. Most are now stationed at either Ain al-Asad or Erbil in the Kurdistan Region of Iraq, in the northern part of the country.
The local tribal PMU fighter from Anbar quoted above noted that in his opinion the attacks on the coalition base in the province were by groups linked to Iran, but they had been “created by the United States” — in the process of “giving our country to them.” He asked that his name be withheld as Iran-linked groups are “a danger to my life. They control all Iraq now.”
Sheikh Awwad warned that attacks on Ain al-Asad were likely to “increase in the coming period,” stressing that this was due to a lack of response and/or deterrence measures, and that it is still not clear who exactly is carrying out these attacks.
He concluded that the western part of Anbar province near the border with Syria “is still an area under the influence of the PMU,” and that “this is an issue for the Iraqi government,” especially as the PMU — many with historic or current links to Iran — “control the border crossings.”
Butterfly The government clarifies about changing the dollar exchange rate and talks about addressing its impact on these sectors
Posted, 2021-07-11 The government clarifies about changing the dollar exchange rate and talks about addressing its impact on these sectorsSaturday, the Iraqi government clarified its vision to address the change in the exchange rate of the dollar against the Iraqi dinar, especially with regard to its effects on investment projects, and revealed 3 reasons preventing the change now.
The economic advisor to the Prime Minister, Alaa Abdul-Hussein, said in a statement to the Iraqi News Agency, “With regard to investment projects in the beginning and the issue of the exchange rate, many of the materials that contractors enter to work are imported from abroad, and cost accounts and previous contracts are fixed at the old exchange rate, especially contracts that take time. long”.
He pointed out that “the vision of the treatment is more comprehensive than being money or seeing the exchange rate, and it is applied as a development project. If the problem of the exchange rate difference, if not addressed, will lead to project disruption, erosion of the achievement, delay in development and the benefit that comes from the project,”
explaining that “the treatment It comes from the perspective that there are projects we are waiting for completion, and by completing them, the benefit of the people will be achieved, and therefore the main and supreme goal is treatment in order to hasten the benefits derived from these projects for the people.”
butterfly Al-Kazemi’s advisor pointed out that “the projects were divided into a number of sections according to their type, including construction projects, electrical and metal projects, and others, and each type of them contains materials imported from abroad, and therefore the percentages were determined based on the price changes that occurred, and then work is done on Treatment,”
stressing that “prices did not change due to the exchange rate only, but prices at the global level changed, and the reason for this is the increase in demand as a result of the Corona pandemic, as the world stopped and this led to all countries depleting their stocks of materials in addition to their monthly consumption, which led to Increasing demand to cover their strategic stocks and monthly consumer demand.
He continued: “If we look at the increase in demand with the stability of the production capacity of factories in the world, we find that this led to a general rise in all prices globally, and therefore the price change did not come as a result of changing the exchange rate in Iraq, but rather at the world level.”
And Abdul-Hussein indicated that “within the foreseeable future, the exchange rate cannot be reconsidered for several reasons, including firstly that the exchange rate is a prerogative of the Central Bank, and secondly also that the current rate was approved in the budget law and is valid, in addition to a third reason is that all revenues Oil revenues, even if they increase, will only be able to cover the budget deficit of about 30 trillion dinars, and therefore we do not expect to guarantee oil prices for the next six months, and it is dangerous to think about dealing with the exchange rate now.” burathanews.com
butterfly Global location: Iraq is among the most expensive countries in the world in the cost of establishing a business
2021-07-11 04:40 Global location – Iraq is among the most expensive countries in the world in the cost of establishing a businessShafaq News/ Big Think Edge published data about the cost of establishing a business in the countries of the world, and showed that the fees for opening such activities are the most expensive in the Middle East.
The website, which drew its data from the Doing Business 2020 report issued by the World Bank, revealed that Iraq is among the most expensive countries in the world in terms of costs for starting a business, which amounts to 1574 dollars.
According to the report, the UAE is considered the most expensive place in the world to start a business and is far from the least expensive, with fees amounting to 7,444 dollars, while in Qatar it is 3,952 dollars, in Saudi Arabia it is 1,267 dollars, in Kuwait 815 dollars, Oman 502 dollars, and in Bahrain 231 dollars.
On the other hand, the fees for setting up a business in Egypt are $13, which is equal to 7 percent of the average monthly income of an individual.
According to the site, governments often require a company to have a minimum paid-in capital – a set amount of cash in the bank. These processes are not only expensive, but they are complex and may take a long time.
Based on the above, he found that the UAE is the most expensive country to establish a company. He also noted that there are no fees for starting a business in Rwanda during the first two years, while the laws in Slovenia provide for a capital of 7,500 euros and without any fees for any business project. shafaq.com
butterfly Al-Kazemi’s visit to America schedule.. many files and more demands
Sunday 11 July 2021 | 05:32 PM Al-Kazemis visit to America schedule.. many files and more demandsPrime Minister Mustafa Al-Kadhimi is preparing to go on an official visit to the United States of America, in his first visit since President Joe Biden took office.
And circles close to the government talked about the visit, which has not yet matured, because of the talks between the two sides on a specific date, as they want the visit to be not marginal, but rather large because of the files it holds that need a position from both sides.
The circles said, “The files that Al-Kazemi will carry are many, including the file of the American military presence, the establishment of power stations, the training of Iraqi forces, education and health.” And the circles confirm, “The political forces, especially the Shiite ones, submitted requests to Al-Kazemi to carry them on the visit, including ending the military presence and allowing non-US companies to work in energy projects in Iraq.”
And she indicated, “Al-Kazemi promised to transfer the demands of the political forces to the American administration, during discussions that brought him together with the leader of the Al-Fateh Alliance, Hadi Al-Amiri.” Last Monday, the National Security Adviser, Qassem Al-Araji, discussed with the US Ambassador to Baghdad the Prime Minister’s upcoming visit to Washington. Al-Araji’s office said in a statement that the latter “received in his office today, Monday, the American ambassador in Baghdad, Matthew Tueller, to discuss the latest political and security developments in Iraq and the region, bilateral relations between Baghdad and Washington, and joint cooperation in areas that serve the two countries.”
butterfly The two sides also discussed, according to the statement, “the expected visit of Prime Minister Mustafa Al-Kazemi to the United States of America, the files that he will discuss with the American side, and ways to make this visit a success, in the mutual interest between the two countries.” aynaliraqnews.com
butterfly Iraqi Dinar/US Dollar auction results for tomorrow 7-12-2021 executed today 7-11-2021
25k Iraqi Dinar notesThe results of the foreign currency sale window for Monday 12/7/2021 and executed today
Announcement No. (4448) Sale date – Monday 12/7/2021 and executed today the details the amount
Total sale for the purposes of strengthening balances abroad (remittances, credits) 169,745,591
Total cash sale 56,990,000 Total total sales 226,735,591
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/1064
Butterfly Iraq and Russia discuss bilateral relations and ways to enhance them
Sunday 11 July 2021 20:13……Acting Head of the Protocol Department at the Ministry of Foreign Affairs, Ali Shamran Hajim, met with the Russian Ambassador to Baghdad, Elbrus Quatrashev.
According to a statement by the Ministry of Foreign Affairs, Hajim praised the distinguished bilateral relations between the Republic of Iraq and the Russian Federation, stressing Iraq’s keenness to push these relations towards broader horizons at various levels, in a manner that serves the interests of the two friendly countries and peoples.
For his part, the ambassador expressed his great gratitude for all the facilities and assistance provided by the Protocol Department to the Russian diplomatic mission in carrying out its tasks, which were directly reflected in achieving the best relations.
Sheila DISCERNMENT ADVISED: Nicks Update, July 11, 2021, A Comment by Cynthia — https://nicksintel.wordpress.com/2021/07/11/07-11-2021-comment-by-cynthia/
Cynthia, [11.07.21 11:02] To all of the Fleming detractors here’s what I have to say. Get a clue.
Fleming is not the author nor originator of these posts that he’s sharing. He is given this information by the DoD, the very people directly responsible for the RV, and delivers verbatim, without edits. There is always interpretation. Sometimes we benefit from his direct communication, typically given verbally.
To these “Fleming detractors”, he NEVER gets it wrong. To the grumblers complaining about yesterday’s DoD message from DoD, it said, “Paid out to liquid accounts.” This does not translate to SPENDABLE. Does not translate to anything other than what it says. Accounts all over the world are liquid, ready to be released.
I’m still happy with this last DoD update. We have all suffered and been lied to, fed constant propaganda. It’s Gestapo tactics and US is being led by the Gulag regime.
It’s time to stand together in appreciation for the delivery of details of “spendable/fully accessible money in accounts” is about to be announced. Only when we have Green Light audits of all participants accounts, and the verified compliance with all entities met, only then are we truly free of these chains that bind.
BOTTOM LINE, NO ONE GETS ANY SPENDING MONEY UNTIL TIER 4 B.
Thank you, Nick for standing for Tier 4 B. We all should thank Nick. We were never supposed to be allowed to exchange. Only the private groups were to redeem. Nick is instrumental in this opportunity. Nick is singularly instrumental in this Tier 4 B inclusion.
Maybe one day he can share with everyone what all has transpired. For now, to all detractors, please show some wisdom.