Tuesday, February 1, 2022

WOTS MON JAN 31 2022 The Democrat proposes to Al-Sadr Al-Maliki assuming the position of Vice President of the Republic

 WOTS MON JAN 31 2022 The Democrat proposes to Al-Sadr Al-Maliki assuming the position of Vice President of the Republic 

These are the articles I would have discussed on the My FX Buddies Podcast if  I did  one

Al-Zamili: We seek to legislate a law granting a percentage of oil imports to citizens

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The First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, announced: "The House of Representatives is seeking to legislate a law by deducting a percentage of oil imports and giving it to citizens."

Al-Zamili directed, during a meeting with senior advisers to the House of Representatives, "to expedite the preparation of a comprehensive strategy for the legislative and oversight policy for this parliamentary session, and to form a committee to follow up on the implementation and activation of the government's suspended laws."

He said, according to a statement by his media office: "The current session will focus on enacting laws that serve the citizens."

He added, "We seek to legislate a law to deduct a percentage of oil imports and grant it to the unemployed, unemployed graduates, patients and people with special needs, as the first law to be voted on in this session, as well as other important laws related to unemployment, revitalizing industry and national agriculture, and controlling border crossings."

He instructed: "To form a committee to combat narcotics and psychotropic substances, amend its law, find effective solutions to prevent their spread and trafficking, and establish healthy and practical mechanisms for treating addicts."


The Democrat proposes to Al-Sadr Al-Maliki assuming the position of Vice President of the Republic 

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The President of the Kurdistan Region, Nechirvan Barzani, on Monday, January 31, 2022, submitted a proposal to the leader of the Sadrist movement, Muqtada al-Sadr, regarding the leader of the State of .Law coalition, Nuri al-Maliki

Barzani's advisor, Arafat Karam, said in a statement, "Barzani submitted a proposal to al-Sadr that al-Maliki take ".the position of Vice President of the Republic

He added, "The dialogue between Barzani and Al-Sadr is taking place about removing tension through dialogue ".with the coordination framework to find a solution to this problem

He stressed, "We have contributed, and we are still contributing, in order to find a solution to this secondary ".dilemma between the current and the framework 



Al-Fateh comments on the meeting of Al-Sadr, Barzani and Al-Halbousi

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Al-Fateh comments on the meeting of Al-Sadr, Barzani and Al-Halbousi

Today, Monday, the Al-Fateh Alliance commented on the meeting held between the leader of the Sadrist movement, Muqtada al-Sadr, Parliament Speaker Muhammad al-Halbousi and Kurdistan Regional President Nechirvan Barzani

The representative of the Al-Fateh Alliance, Ahmed Al-Moussawi, said in a statement to (Al-Rabaa) that "today's meeting between the Kurdistan Democratic Party, the Alliance of Sovereignty and the Sadrist movement is to confirm the partnership between the parties before it is an attempt to show the initiative and introduce the coordinating framework in the government or try to push Al-Sadr to reverse his decision not to The involvement of any party and the participation of the other parties, or rather the involvement of one party in the framework and the abandonment of the other parties

He added, "This is what we rejected previously, as the framework will remain coherent and go towards the quiet opposition, awaiting what is happening in the political situation in terms of many variables that may occur in the future, especially since the burden and responsibility that will be borne by those who run the country are not easy in the face of challenges

He added, "Nothing came out and we were not informed of anything new about the results of the meeting, and our position is clear. As for full participation in the decision in the government or the opposition, and the formation of an opposition front that monitors the government, this front is not easy because it will include more than 140 deputies," noting that "the alliances may change in the future." near"

 

The Democrat proposes to Al-Sadr Al-Maliki assuming the position of Vice President of the Republic 

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The President of the Kurdistan Region, Nechirvan Barzani, on Monday, January 31, 2022, submitted a proposal to the leader of the Sadrist movement, Muqtada al-Sadr, regarding the leader of the State of .Law coalition, Nuri al-Maliki

Barzani's advisor, Arafat Karam, said in a statement, "Barzani submitted a proposal to al-Sadr that al-Maliki take ".the position of Vice President of the Republic

He added, "The dialogue between Barzani and Al-Sadr is taking place about removing tension through dialogue ".with the coordination framework to find a solution to this problem

He stressed, "We have contributed, and we are still contributing, in order to find a solution to this secondary ".dilemma between the current and the framework


The Speaker of the Iraqi Parliament: A Kurdish-Sunni-Shiite move to form a national government

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The Speaker of the Iraqi Parliament, Muhammad al-Halbousi, said on Monday that a Kurdish-Sunni-Shiite movement has begun to form a purely national government, considering that "the time of foreign interference in forming governments has passed."

This came in a tweet by Al-Halbousi, who leads the "Progress" coalition (37 seats out of 329 in Parliament), in which he wrote that "the time for foreign interventions in the formation of Iraqi governments is over."

He added: "Today, Iraq's mountains (majority Kurdish areas) and deserts (majority Sunni areas) are moving to Najaf (the residence of the leader of the Sadrist movement Muqtada al-Sadr) for the discussions of a purely national Iraqi government, neither eastern nor western.

The term neither eastern is used to refer to Iran, nor western is used to refer to the United States of America.

And last week, the commander of the "Quds Force" in the Iranian Revolutionary Guards, Ismail Qaani, visited Iraq and met with Shiite political leaders, in an effort to bridge the views between the leader of the Sadrist movement and the leaders of the "coordinating framework."

Earlier on Monday, the President of the Northern Kurdistan Region, Nechirvan Barzani, al-Halbousi, and the leader of the Sadrist movement, Muqtada al-Sadr, met in the Najaf governorate in southern Iraq, to agree on the formation of the new government.

The Sadrist bloc topped the elections that took place on October 10, with 73 seats, followed by the "Progress" coalition with 37, the "State of Law" coalition with 33, and then the "Kurdistan Democratic Party" with 31.

For weeks, the axis of forces of the coordination framework, which includes the State of Law coalition, the State Forces Alliance, the Victory Alliance, the Al-Fateh Alliance (the Popular Mobilization factions, some of which are close to Iran), the Ataa Movement, and the Virtue Party, have led to the formation of a far political majority government, the orientations of al-Sadr, who adopts the formation of National majority government.


Plasschaert from Dhi Qar: Iraq needs security and political stability

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Plasschaert from Dhi Qar: Iraq needs security and political stability

 

The head of the UNAMI mission in Iraq, Jenin Plasschaert, stressed the importance of security and political stability in the country.

Blashardt said in a press statement on the sidelines of her visit to Dhi Qar today on a tour of the archaeological sites in the province: "Iraq needs security and political stability in order to provide a safe environment to activate the tourism movement and create job opportunities for Iraqis."
She stressed that "creating the necessary safe atmosphere for tourists will revive the tourism movement and provide economic returns for citizens," noting that "developing the economy is linked to the required state of stability during the coming period."
During her visit to the archaeological city of Ur, Plasschaert pointed out that "her presence in this site is a message to the world to visit this place and to the Iraqi authorities to take care of it and benefit from its position."
"There must be a good security environment for the purpose of tourists coming, which will create job opportunities for all," she added.


The Central Bank of Kuwait allows applications to establish digital banks

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The Central Bank of Kuwait announced the opening of the door to receive applications for the establishment of new banks that provide their services completely digitally through a general banking license. It also allowed existing banks to form a digital banking unit within the bank without the need for a new license .

The Central Bank has given those wishing to establish this type of bank a deadline to submit their applications, which ends on June 30, indicating that the results of the submitted applications will be announced at the end of this year 2022, according to what was stated on the bank’s website today, Monday . 

The Central Bank clarified that this decision comes as part of the bank’s endeavors towards accelerating the digital transformation process at the level of the Central Bank and the banking and financial sector, and a number of steps were announced that would start a new era of digital banking and financial work . 

In the context of supporting and enabling financial technology companies (Fintech) , the Central Bank is currently working on updating the regulatory framework for the work of these companies in the areas of payments, microfinance and the experimental regulatory environment . 

This came during a virtual meeting entitled "Empowerment and Empowerment" held by the bank today, Monday, during which it shed light on the Central Bank of Kuwait's digital strategy with the aim of achieving further development in analytical tools and accelerating the digital transformation process . 

In a video broadcast by the Central Bank on its website, Muhammad Al-Khamis, Director of the Office Supervision Department at Bank of Kuwait, said: 

The Central Bank said that the bank has completed the development of a framework for digital banking “with the aim of stimulating innovation,” noting that this framework allows the provision of digital banking services according to three models of digital banking .


The role of the banking sector in the financial depth:

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Financial depth is a concept that refers to an increase in financial services through multiple and diverse means, the most important of which is an increase in the reserve of the financial asset. It can be expressed as the ability of an individual or institution to access financial services easily through advanced and efficient financial institutions capable of providing financial services at low cost and returns. This concept has several variables and aspects, the most important of which is related to the role of the banking sector by applying the concept of financial depth, which is the ability to effectively mobilize financial resources in order to reach the acceptable level of development, and that the concept of financial depth in the banking management philosophy is the sum of deposits in relation to GDP, meaning Expanding the size and activity of the financial sector and supporting its development, and it is practically formulated through mobilizing savings and deposits and converting them into productive investments. Therefore, implementing the concept and reaching its desired results requires an advanced banking system as an intermediary and a tool for implementing the strategy of this concept, and it can be viewed as  An ideological expression of the market's ability to carry out large deliberative transactions without a negative impact on the price of the banknote, based on monetary theories that consider that the most liquid market is least affected by price changes, transaction pattern and interest, and to apply this concept and its opposite to the banking sector, we must define the form The appropriate financial and monetary policy that stands by the development of financial and banking services and the desire to expand the base of the target market, which ultimately leads to the accumulation of financial assets at an accelerating pace.

 

Although financial depth is one of the pillars of the Financial Development Indicators box, which includes comprehensiveness, efficiency and financial stability next to it, we believe that the priority in the Iraqi banking sector is to focus on the concept of financial depth to create monetary and financial reserves, and it is the most important tool through which the pillars of this box can be achieved. Realistically, through which it overcomes any problems or challenges that may conflict with the implementation of the strategy and plan to be adopted.

 

The Iraqi banking sector, like all other sectors, suffers from countless challenges with tools much weaker than these direct and indirect challenges and threats. With the developments taking place in this important and strategic sector, the obstacles do not depend on this part, but rather go beyond that by the inability of the higher administrations of this sector to implement development plans for various reasons that are known and clear to every specialist.

 

Therefore, these challenges must first be overcome in order to provide the tools and environment necessary to implement the development concepts of the financial sector, and the depth is one of its strategic priorities. By allocating the available resources and defining the direct risks that will be in the interest of the implementation plan for the concept of financial depth and achieving its societal developmental positives. Accordingly, the focus should be on formulating financial and monetary policies that contribute to increasing the financial depth and help the banking sector to implement these plans. For this reason, easing restrictions on banks, reconsidering the credit policy of the Central Bank, floating interest rates, and searching for a new mechanism in Pricing the value of the currency and creating new monetary policies that ultimately generate the appropriate circumstance to enhance monetary liquidity and give more flexibility for investment, and do not stop at direct policies

 

To support the banking sector, there must be radical changes in the diversity of financial instruments used in the country's overall economy, which affect the implementation of the proposed concept.

 

The financial depth in its developmental framework and its banking tool requires the issuance of more confident laws between the investor and the bank, and that bridging the gap between the governmental and private banking sector in its traditional and Islamic forms is one of the most important of these priorities, and despite the role played by the Association of Iraqi Private Banks in this direction, but it remained captive of hampering laws to fill this gap. In order to reach the real first step to implement the concept of financial depth, we must start from establishing a development plan for the banking sector based on reviewing challenges and obstacles and defining them explicitly and clearly for all parties to serve the public interest. It can be started by encouraging joint and organized interaction between financial policy makers and participants. Implementing it, going further than this, by interacting with the market itself by searching for available opportunities and exploiting them to implement the developmental concept of financial depth.

 

Dr.. Saif Al-Dali

Academic and researcher


so the rich keep voting for  maliki?!   ahhhh I see now

Perhaps the future is for the Iraqi poor

 

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The poor Iraqi Shiite youth as a result of poverty, hunger and living in dilapidated houses of slums and the unemployed, the young people go to support this party at the expense of this party in order for the young man to live, marry and continue to live and for this reason now the parties do not harmonize with each other and live for the interest of the country, but continue from In order to steal the wealth of the country, and did not provide an achievement for the poor of the country, especially such as housing, work and services in the southern regions and Baghdad,

Among us, the luxurious countries of Europe. There is the ruling party in Europe. The one who rules presents a set of achievements to serve the country that includes all classes and regions because their parties have abandoned sectarianism, partisanship, kinship, clan and cousins once and for all.

It is not like what happened to us in Iraq when the party took power from some Shiite parties such as Maliki's party and Abdul Aziz al-Hakim's party. They achieved gains for their parties only double salaries for the Rafha group over the number of family members who are in Europe and double salaries for prisoners, most of them are all, and this includes more than a million individuals and a division of their parties, I mean. The salary of integration, the salary of a prisoner, and the salary of a job that includes members of his party and his clan. This is the painful mistake of the Iraqis now, so that the budget has not been able to build a single school for the country, and everyone knows that the dictator would have been the sectarian thug if America had not changed at all

And when Al-Kazemi suspended the salaries of Rafha, Al-Maliki told them to go out against the government with demonstrations with weapons, and they actually came out with weapons and Al-Kazemi returned them their salaries because he is weak and without support,,

For this reason, al-Maliki wins the votes of those who earn the highest salaries, because al-Maliki never loves Iraq, but only loves the position and the Farhud, and he punished the sons of the poor people who were oppressed by Saddam's savage and absurd wars.

With decisions such as an old retirement for old employees 400/ thousand dinars so that the retired became needy in life,, and a new retirement for new employees more than 800/ thousand dinars,

As for the old martyrs, an old retirement to their families is 400/ thousand dinars, and the new martyrs are a million dinars. This is the humanity of al-Maliki, the lame, and the supporter of the al-Hakim party only, and for this al-Maliki is sleeping in green and protecting him from relatives.

For this reason, the poor Shiites went to support the son of al-Sadr, the martyr Muhammad Sadiq al-Sadr, who was the late one who lived with the father, and now his son, Sayyid Muqtada al-Sadr, is at the fore in the political scene. He may win in these elections, and achieve the interests of the poor among all the Iraqi people equally in terms of salaries, housing, appointments, building hospitals, and punishing thieves. 18 / years ago about what they did during this period and what they stole, and perhaps improve the salaries of the poor equally for all the people as one law that includes everyone according to entitlement to pension,, and achieve comfortable housing for citizens, employment of unemployment and improvement of the areas of the poor who live in them from the time of the martyr Abdul Karim Qasim until now ,

Journalist and civil activist, Ali Muhammad Al-Jizani,


Al-Fateh: The Airport Attacks Were Carried Out With The Support Of America And Its Alliances In Iraq



A member of the Al-Fateh Alliance, Mahmoud Al-Hayani, confirmed on Monday that the United States supports security breaches in Iraq in order to preserve its own interests and to ensure the survival of the confusing political and security situation inside the country.

Al-Hayani told the Information Agency, "The colonial scheme that America, Britain and other regional countries are plotting against Iraq is more than just a terrorist scheme. Terrorism is not a newborn today," noting that "America and its alliances are working to tear Iraq and its people in various ways to serve its personal interests." .

He added, "Washington can simply use its satellites to detect all terrorist operations that occur in Iraq, but its personal interest lies in the instability of the security and political situation, especially at this important stage represented by the formation of the Iraqi government, as well as its support for the parties responsible for these terrorist operations." .

Al-Hayani explained, "America and regional and foreign countries are trying to confuse the political and security situation by supporting terrorist gangs to implement their colonial plans inside the country," noting that "these are cards that America plays in order to make Iraq unstable and unsafe.




Below Here is the daily WOTS Word on the Street report for JAN 31 22

Publishes the dollar exchange rate on the local stock exchange on Monday (January 31, 2022), according to the monitoring of specialists.    

Baghdad - the stock exchange  

147,950  

--------  

The price in most Baghdad exchanges  

Purchase  

147,500  

sale  

148,250  

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Basra - Bursa  

148,000  

--------  

Erbil - Bursa  

147,925  

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Mosul - Bursa  

147,950 


The Markets:
The Asian markets closed mixed NIK up by 1.07% HSI up by 1.07% SHANG down by .97%
The UK markets are currently trading in the green mostly from .11% to .85%  FTSE down by .04%
Our futures are currently trading mixed  DOW at 34457 down by .41% SNP at 4416.5 down by .15% NDX at 14493.25 up by .40%

Precious Metals:
Gold is green at 1791 Silver is green at 22.754 Copper is green at 433  Platinum is green at 1012 
Brent 91 WTI  87   Bitcoin: 37,243  10 yr yield: 1.79

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1431.8000  1485.6000 1456.7000 1456.7000 1456.7000  -0.3000 06:07
 USD/VND  22645.0000  22655.0000 22638.2000 22634.4700 22634.4700  4.1600 00:40
 USD/CNY  6.3607  6.3627 6.3668 6.3535 6.3665  -0.0056 07:17
 USD/KWD  0.3026  0.3036 0.3030 0.3026 0.3026  0.0003 06:54
 GBP/USD  1.3388  1.3389 1.3414 1.3365 1.3380  0.0008 07:19
 USD/IRR  42000.0000  42500.0000 42245.5000 42198.0000 42245.5000  -28.3000 11:48
 USD/IDR  14410.0000  14414.0000 14412.0000 14349.0000 14387.0000  23.0000 07:16

Things in the News:

Iraqi Articles:

Oil achieves new gains due to tension in Europe and the Middle East

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Brent crude made good gains, at the beginning of the week's trading, as it reached Brent crude of $91.2, due to:

1- The Russian escalation towards Ukraine and the mobilization of thousands of Russian soldiers to occupy Ukraine

2- Russia is the third largest oil producer in the world, and therefore any tension may contribute to the exit of more than 10 million barrels from the global market

3- The escalation between Yemen and the UAE, as it continues to target the UAE depth, which leads to problems targeting the third largest producer in OPEC.

4- Energy experts in the world are squatting. Oil has reached more than $100 in the coming days due to the inability of OPEC Plus to cover global demand


The Democrat proposes to Al-Sadr Al-Maliki assuming the position of Vice President of the Republic 

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The President of the Kurdistan Region, Nechirvan Barzani, on Monday, January 31, 2022, submitted a proposal to the leader of the Sadrist movement, Muqtada al-Sadr, regarding the leader of the State of .Law coalition, Nuri al-Maliki

Barzani's advisor, Arafat Karam, said in a statement, "Barzani submitted a proposal to al-Sadr that al-Maliki take ".the position of Vice President of the Republic

He added, "The dialogue between Barzani and Al-Sadr is taking place about removing tension through dialogue ".with the coordination framework to find a solution to this problem

He stressed, "We have contributed, and we are still contributing, in order to find a solution to this secondary ".dilemma between the current and the framework 


The Speaker of the Iraqi Parliament: A Kurdish-Sunni-Shiite move to form a national government

link

The Speaker of the Iraqi Parliament, Muhammad al-Halbousi, said on Monday that a Kurdish-Sunni-Shiite movement has begun to form a purely national government, considering that "the time of foreign interference in forming governments has passed."

This came in a tweet by Al-Halbousi, who leads the "Progress" coalition (37 seats out of 329 in Parliament), in which he wrote that "the time for foreign interventions in the formation of Iraqi governments is over."

He added: "Today, Iraq's mountains (majority Kurdish areas) and deserts (majority Sunni areas) are moving to Najaf (the residence of the leader of the Sadrist movement Muqtada al-Sadr) for the discussions of a purely national Iraqi government, neither eastern nor western.

The term neither eastern is used to refer to Iran, nor western is used to refer to the United States of America.

And last week, the commander of the "Quds Force" in the Iranian Revolutionary Guards, Ismail Qaani, visited Iraq and met with Shiite political leaders, in an effort to bridge the views between the leader of the Sadrist movement and the leaders of the "coordinating framework."

Earlier on Monday, the President of the Northern Kurdistan Region, Nechirvan Barzani, al-Halbousi, and the leader of the Sadrist movement, Muqtada al-Sadr, met in the Najaf governorate in southern Iraq, to agree on the formation of the new government.

The Sadrist bloc topped the elections that took place on October 10, with 73 seats, followed by the "Progress" coalition with 37, the "State of Law" coalition with 33, and then the "Kurdistan Democratic Party" with 31.

For weeks, the axis of forces of the coordination framework, which includes the State of Law coalition, the State Forces Alliance, the Victory Alliance, the Al-Fateh Alliance (the Popular Mobilization factions, some of which are close to Iran), the Ataa Movement, and the Virtue Party, have led to the formation of a far political majority government, the orientations of al-Sadr, who adopts the formation of National majority government.


Plasschaert from Dhi Qar: Iraq needs security and political stability

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Plasschaert from Dhi Qar: Iraq needs security and political stability

The head of the UNAMI mission in Iraq, Jenin Plasschaert, stressed the importance of security and political stability in the country.

Blashardt said in a press statement on the sidelines of her visit to Dhi Qar today on a tour of the archaeological sites in the province: "Iraq needs security and political stability in order to provide a safe environment to activate the tourism movement and create job opportunities for Iraqis."
She stressed that "creating the necessary safe atmosphere for tourists will revive the tourism movement and provide economic returns for citizens," noting that "developing the economy is linked to the required state of stability during the coming period."

During her visit to the archaeological city of Ur, Plasschaert pointed out that "her presence in this site is a message to the world to visit this place and to the Iraqi authorities to take care of it and benefit from its position."

"There must be a good security environment for the purpose of tourists coming, which will create job opportunities for all," she added.


CBI Update:  Just  a note:

They have been having auctions and the ISX has been trading regularly; the sites just don't update in time to put the information in this report, unless it is 
here.   

Click on the link above for the latest update.

The CBI for rate is 1460

The currency auction For January 31st, 2022 total sales amount $195,313,251


ISX Update:   

www.isx-iq.net/

Shares Traded: not updated for today
Value Traded: not updated for today 

1-30-2022   Regular Guy Guru Vital Brad  Community comment "February for sure."  There's a lot of people say in February.  It's gonna depend if Iraq has their government seated or not.  Based on how it's looking I think they're gonna get done quicker and it could be possible.  Hopeful ...I could definitely benefit from a February RV.

1-30-2022  Newshound Guru Sandy Ingram
   "Iraq's President Barham Salih nominated by ruling Kurdish party to run for second term We do not yet know the fate of the prime minister position.  

1-30-2022   Intel Guru Frank26   [Iraq boots-on-the-ground TV report] FIREFLY: International Development Bank under the Umbrella of the Central Bank of Iraq opened a branch in Dubai...this move is shown to us it is going to help strengthen the Iraq economy.  This is acting as a private bank under the umbrella of the CBI... FRANK:  ...The same with many banks around the world.  They're all excited about the CBI satellite banks in their country because they know a change to the IQD exchange rate is coming...if you recall I told you about all the private banks and where they're located in the United States.

1-30-2022   Newshound Guru Kaperoni  ...[dinar theory - Former CBI] Governor Shabibi wanted to reinstate the dinar.  Not true, he was planning to float it.

1-30-2022   Intel Guru Holly   ...All I have heard is great news! Things should be showing up soon. Never, ever give up!

1-30-2022   Newshound Guru BobTheTaxMan   We have found out because I happen to have a contact in Warka that verified the information that we thought was true that they have been pretty much shutting everything down and the CBI is taking it over and cleaning it up.  Warka is going to come back out as Warka and is going to be in a position to do more than it has in the past...

1-30-2022   Regular Guy Guru Vital Brad    ...IMO be prepared because I think the system, our currency as a whole is going to go through a crash...and these undervalued currencies like the Iraqi dinar is going to be a currency that benefits from this new system...we're going through big changes.  [NOTE:  Always consult your financial advisor to build financial plans that are best for your unique circumstances.]  [Post 2 of 2]

1-30-2022   Regular Guy Guru Vital Brad  We're going to see a lot of changes happening.  We're going to see things tightening down.  More government oversight.  But the good news is people that have prepared, people that do hold some Iraqi dinar IMO and some other currencies...the rates...are going to be a lot higher than they are right now.  It's a buy low sell high...It's what they call generational wealth where our kids' kids kids benefit from this wealth exchange... [Post 1 of 2....stay tuned]

1-30-2022   Newshound Guru MilitiaMan  Article:  "Iraqi ports confirm that no port in neighboring countries has any impact on Al-Faw"  The automation of the port is going to be a money machine! Likely the next Dubai in context of bigger. Once they go international with their REER (Real Effective Exchange Rate) , the amount of money will likely compete with the oil revenues...Iraq will have a sovereign wealth fund that will be massive in the future. They’ll be able to support their exchange rate easily.. It will be GLORIOUS.. Like the good ole days...


Catnip's Corner:
Happy Monday!! Here are my "snippets" for Monday, January 31!!
Lynn :)

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ARTICLE 1 (from PM Kadhimi's website)

The PM's website has been unavailable for hours, carrying the message: "Service Temporarily Unavailable"...
The server is temporarily unable to service your request due to maintenance downtime or capacity problems. Please try again later.

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ARTICLE 2 (from Government of Iraq twitter account)

Iraq’s Security Media Cell on Saturday issued a statement saying that an operation in Hawi Al-Azim within the Diyala operations sector resulted in the killing of 9 terrorist elements responsible for carrying out the criminal act in Al-Aim earlier in January which resulted in the martyrdom of a number of Iraqi heroic fighters.

 

Statement by Iraq’s Media Cell

 

As pledged by our security forces to avenge our heroic martyrs of the Al-Azim incident, which killed a number of fighters, the heroes in the National Security Service were able to determine the exact location in Hawi Al-Azim within the Diyala Operations Sector of the terrorist group which carried out this criminal act.

 

The Joint Targeting Cell in the Joint Operations Command and the Air Force Command then directed three precision strikes by Iraqi
F-16 aircraft, which resulted so far in the killing of 9 terrorist elements.

 

The operation to destroy the heads of the cowardly terrorist elements continues, and we will provide more details later.

 

The eyes of the heroic men of Iraq will not sleep until we turn the land of this country to a cemetery for anyone who tries to harm the security of this country. We will announce more good news later about another security operation.

 

May God protect Iraq and its people.

29/1/2021


Click here to read the statement:

Iraq’s Security Media Cell on Saturday issued a statement saying that an operation in Hawi Al-Azim within the Diyala operations sector resulted in the killing of 9 terrorist elements responsible for carrying out the criminal act in Al-Aim earlier in January which resulted in the martyrdom of a number of Iraqi heroic fighters.

Statement by Iraq’s Media Cell

As pledged by our security forces to avenge our heroic martyrs of the Al-Azim incident, which killed a number of fighters, the heroes in the National Security Service were able to determine the exact location in Hawi Al-Azim within the Diyala Operations Sector of the terrorist group which carried out this criminal act.

The Joint Targeting Cell in the Joint Operations Command and the Air Force Command then directed three precision strikes by Iraqi F-16 aircraft, which resulted so far in the killing of 9 terrorist elements.

 

The operation to destroy the heads of the cowardly terrorist elements continues, and we will provide more details later.

The eyes of the heroic men of Iraq will not sleep until we turn the land of this country to a cemetery for anyone who tries to harm the security of this country. We will announce more good news later about another security operation.

 

May God protect Iraq and its people.

29/1/2021


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ARTICLE 3

What is the economic impact in the event of delaying the approval of the budget?.. an official statement that answers
1-30-2022 05:49

Today, Sunday, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, determined the economic impact of the delay in approving the general budget, while noting that the continued slowdown in expenditures depends on a single measure.

Saleh said, in a statement to the official agency, and followed by (the Fourth) that "the effective financial management law is an exceptional and important alternative to the management of public finances in the country, in the event of delay in approving the general budget for any reason, as is the case at present, and it is a policy Specific financial means through which the exchange mechanisms are exercised in a manner similar to the actual current expenditures that were spent successively in the previous year 2021 and according to an exchange rule of 1-12 per month.

He added, "If this mechanism is available, the financial activity will continue without causing booms that suit the higher and desired levels of growth in the economy in its current situation, especially in the implementation of projects, programs and investment activities, as well as providing new government job opportunities, which means that the current financial activity is an activity The minimum, which represents the last year and does not correspond to the desired activities that the budget aspires to in accordance with the levels of population and sectoral growth desired, to meet its needs, which are definitely the largest, especially the issue of new investments and their impact on reducing unemployment in the labor force and business activity in the private sector and its important impact in promoting the activity of national income if it is achieved.

He pointed out that "there will remain a gap between the required financial planning that fits the annual increase in population and development needs, which is approved by a general budget planned according to the needs and expansions of economic life and the development of its conditions in accordance with the objectives of the annual budget law and for each year, and the absence of a budget that is replaced by the adoption of last year's standards to meet the needs of economic growth population this year.

He continued, "There is an intersection and divergence between financial needs and desires and the available financial policies that depend on last year's standards for the current year," noting that "the longer the budget law legislation is disrupted, the slower the new expenditures that serve the growing economic activity and record a state of quasi downturn in the national economy.

He pointed out that "the expenditures of the general budget constitute approximately 50% of the gross domestic product of Iraq, but in this case and the absence of legislation, the expenditures will remain slow and do not reflect the criteria of a financially prosperous year in oil revenues such as the current year, unless the budget is enacted at the earliest possible opportunity and according to development standards. stability for 2022.

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ARTICLE 4

Corruption does not fall under the statute of limitations.. Warnings against returning the corrupt to power
2022-01-30 | 10:39
Alsumaria news

After the October 2019 movement, which killed hundreds of young people, hoping to change Iraq's political system, by removing the corrupt from power and bringing in new and honest personalities away from those that wreaked havoc on the land, it was decided to hold early elections on October 10, 2021, but on In reality, the data has not changed, for the corrupt has remained in its place, and it is not surprising that other corrupt people have returned to power again!

The presidency of the Republic of Iraq is still oscillating between an article on corruption charges and another that supports the secession of an important part of the country. The Kurdistan Democratic Party is sticking to Hoshyar Zebari’s candidacy for the presidency, in contrast to a stronger adherence by the Patriotic Union of Kurdistan to renewing the mandate for Barham Salih, although the former was dismissed in 2016 from the Ministry of Finance due to accusations of corruption and misuse of public funds. In addition, Zebari is one of the most prominent supporters of the secession of the Kurdistan region from Iraq, and the second spent three years in the presidency, but did not provide anything, but he is also considered one of the supporters of the decision to separate.

*Warning about rotation
The leader of the Patriotic Union of Kurdistan, Rizan Sheikh Diler, called on parliament members not to vote on a previously dismissed figure on corruption charges, warning against rotating corrupt personalities at the expense of Iraq's higher interests.

Sheikh Dler said in an interview with Alsumaria News, "The attempt to rotate a person who was previously sacked in the third session on charges of corruption and trying to bring him back to the fore in the position of President of the Republic of Iraq, the protector of the constitution, is surprising and we regret it. And it created a state of controversy and chaos at this stage," noting that "the Kurdistan Democratic Party has a grudge against the federal parliament and the Iraqi people and seeks to rotate a figure who was sacked by parliament on charges of corruption and forcing them to vote for the same character in order to be the president of the republic and protector of the Iraqi constitution."

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ARTICLE 5

Iraq receives requests from all neighboring countries to establish industrial cities
2022.01.30 - 17:19
Baghdad - people

On Sunday, the Ministry of Industry and Minerals announced that it had received requests from 5 countries to establish industrial cities in Iraq.

The Director-General of the Industrial Cities Authority of the Ministry of Industry and Minerals, Hamed Awad Muhammad, said in a statement to the official agency followed by "Nass" (January 30, 2022), "After the issuance of the Industrial Cities Authority Law No. 2 of 2019, the role of the Industrial Estates Authority was activated during the second half of the year. 2020,", noting that "the authority was able to establish industrial cities in all governorates."

He added, "The establishment of industrial cities comes due to their importance in providing services and providing job opportunities for young people, as well as bypassing slums by building industrial cities with services that have been focused on and given great importance. Therefore, such cities were established in each governorate."

He pointed out that "the first agreement for an economic city was signed with Jordan, and the procedures were completed for the purpose of declaring it," noting that "those cities are of great importance, including their geographical location, which is located on the borders, in addition to some desert areas, which may be loose in security and will turn into populated areas. population, production lines, and services to the country.”

He pointed out that "there is a trend from neighboring countries to build industrial cities in Iraq, and we have received several offers from Syria, Jordan, Saudi Arabia, Iran and Kuwait," stressing that "the next stage is the stage of industrial cities, which will be very important to support the country's economy."

He pointed out that "during a record period, the first contract was signed in Karbala for the construction of an industrial city specialized in petrochemicals and engineering within an area of 5,300 acres," noting that "an industrial city was also announced in Wasit, with an area of 5,000 acres, and we are waiting for offers from investors, as well as the presence of a city in the governorate."

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