Wednesday, February 2, 2022

WOTS WED FEB 2 22 China invested 10.5 billion dollars in Iraq in 2021

WOTS WED FEB 2 22 

China invested 10.5 billion dollars in Iraq in 2021


Digital money.. Temptations and fraud

These are the article I would have discussed on the My FX Buddies Podcast if I  had done one:

China invested 10.5 billion dollars in Iraq in 2021

link

Mesopotamia was the main target of the “Belt and Road” infrastructure initiative.

489061-271561372.jpg?itok=953VLbaN

A study published on Wednesday, February 2, reported that Iraq was the main target of the Chinese " Belt and Road " infrastructure initiative in 2021, as it received $10.5 billion in funding for projects that include heavy oil power plants.

increase investments

In total, China's investment through investment and cooperation in the 144 countries covered by the initiative amounted to $59.5 billion, without much change from $60.5 billion in 2020, according to a report by the Center for Green Finance and Development at Fudan University in Shanghai .

 

The study said that investments in Arab countries and the Middle East increased last year by 360 percent, and construction projects by 116 percent, compared to 2020.

The study added that Iraq, in which the United States ended its military operations last year, has become the third largest partner in the initiative in energy projects since 2013 after Pakistan and Russia.

he study added that Iraq, in which the United States ended its military operations last year, has become the third largest partner in the initiative in energy projects since 2013 after Pakistan and Russia.

 

Strengthening business links

 

China is cooperating with Iraq to build the Al-Khairat heavy fuel station in Karbala Governorate, and the Chinese "Sinopec" company won a contract to develop the Iraqi Mansouriya natural gas field near the border with Iran. The two countries are also cooperating to build an airport, a solar power plant and other projects.

China launched the Belt and Road Initiative in 2013 to strengthen trade links with the rest of the world, and has spent a lot on infrastructure development in dozens of countries worldwide.

But critics say China's financing is often undesirable and lacks transparency, and makes some of the poorest countries, especially in Africa, dependent on China through debt.



Al-Fath: Al-Kazemi's Government Is Working To Raise The World Bank's Reserves Of Iraq's Oil!

Link

A member of the Al-Fateh Alliance, Ali Hussein, confirmed, on Wednesday, that the outgoing and expired government of Mustafa Al-Kazemi is working to increase the World Bank’s stockpile only from oil revenues of more than 8 billion dollars per month.

Hussein told the "Information" agency, "What is happening in Iraq is the opposite of all the data and cases of economic recovery. During this period, especially, the country has more than 31 percent below the poverty line, and this is a big problem," noting that "there is unorganized and non-political work due to planning." Clinically dead or finished, we do not have any planning in any economic field.”

He added, "The current government should take advantage of the period of economic recovery through the rise in global oil prices to more than 90 dollars per barrel and work, with the first step, to return the price of the dollar to what it was previously," noting that "Al-Kazemi's government is working to increase the World Bank's stocks only." From oil revenues amounting to more than 8 billion dollars per month.”

Hussein explained, "In all times and international systems, there is an annual plan, five-year plan, and a decimal plan. Either the Iraqi Ministry of Planning has not yet developed the annual plan!"

The Ministry of Oil had said, earlier, that last month's revenues amounted to more than 8 billion dollars

 

Al-Sistani's representative reveals a surprise: The reference interferes in choosing only two positions in the government - Urgent

link

Director of the Office of the Supreme Reference Ali al-Sistani, Hamid al-Khaffaf, confirmed today, .Wednesday, that the reference is involved in choosing only two positions in the government Al-Khafaf said in an interview followed by (Baghdad Today), that "Adel Abdul-Mahdi was not the candidate of the supreme reference for prime minister, but was the candidate of two large blocs, and he received national, regional and international acceptance, and the reference did not object to him, but it informed the concerned parties that it would only support the new government." If she finds signs of success in her work, taking into account the size of the problems inherited ".from previous governments

 

He added that "the approach of the supreme reference since the beginning of the political process in Iraq is based on not interfering at all in naming or nominating any executive official as well as senior positions, except for two positions that require - according to the law - the approval of the supreme reference for the nomination for them: the head of the Shiite Endowment Diwan, And the general secretaries of the holy shrines, but at the same time the authority does not interfere in the work of the bureau and the shrines - like all other official institutions - except in what its legal opinion is required in some cases to stipulate by law that .the office and its departments are managed according to Shiite jurisprudence


The Investment Authority obtains approval to contract with two international companies regarding Bismayah contracts

link

30284.jpg

 

Today, Wednesday, the National Investment Commission announced that it obtained the approval of the Council of Ministers to contract with two reputable international financial auditing and law firms to audit previous contracts in the Basmaya residential complex.

A statement by the authority, received by Al-Iqtisad News, stated that "the head of the National Investment Commission, Suha Daoud Najjar, obtained the approval of the Council of Ministers, in its session held yesterday, Tuesday, to contract with two solid international law firms to audit previous contracts regarding the Basmaya housing project and to contract with an auditing company." A discreet international financial institution to propose a financial model, and to audit the financial matters of the project.

The statement added, "The Council of Ministers hosted the President of the National Investment Commission, Suha Daoud Najjar, where the latter provided a detailed explanation of the authority's procedures with regard to the Basmaya residential complex, and with regard to investments and plans to ensure that investment in Iraq is placed on the right path, and in accordance with international standards. Measures taken by the authority to combat corruption and lagging projects.

He pointed out that "the Council of Ministers agreed to approve the recommendation of the Ministerial Council for the Economy, as follows, which is to approve the contract of the National Investment Commission with a solid international law firm to audit previous contracts regarding the Basmaya residential project, to put forward a new contract formula, to state the legal position of the contracts, and to contract with an auditing company. A solid international financial model to propose a financial model, and to audit the financial matters of the aforementioned project, according to what was stated in the letter of the National Investment Commission No. (8506) dated October 6, 2021, and the two contracts were excluded from the contracting methods stipulated in the instructions for implementing government contracts (2 of 2014).


What does it take to change the dollar exchange rate and return it to the previous? Iraq should follow the example of neighboring countries

link

What does it take to change the dollar exchange rate and return it to the previous?  Iraq should follow the example of neighboring countries

Today, Wednesday, economic experts considered it difficult to change the exchange rate of the dollar and return it to its previous rate.

Economist Uday Al-Alawi said, according to the official newspaper, that "some of them see that changing the exchange rate is just a digital process that goes up or down," noting that "this change greatly affects the market and the obligations of many who live on selling materials in it."

Al-Alawi added that "it is absolutely not possible to change the exchange rate overnight, because the damages of those decisions that are taken without knowledge are estimated at billions of losses on citizens," noting that "changing the exchange rate requires overlapping processes of continuous preparation of the market that take at least two years."

He explained that "the statements regarding the change in the dollar exchange rate confused the market and stopped many commercial operations, and imposed on families to reduce spending and be satisfied with important goods, despite the fact that workers in the private sector constitute about 80% of society and they are more than directly affected by such statements." .

And he stated, "Any moves in the process of decreasing and raising the exchange rate must be deliberate, because there is a benefit between the merchant and the simple citizen, in addition to the fact that many citizens have converted their transactions to the dollar after decreasing the price of the dinar, which suggests that it is not fixed internally, which causes a change A significant economic situation in the event of a decrease or increase in the exchange rate of the dinar against the dollar.

Al-Alawi linked "the efforts to change the exchange rate on the one hand and the government formation talks on the other hand," noting that "they will be temporary statements and will not go beyond promotion and media marketing." 

On the technical level, experts believe that "Iraq should follow the steps of some neighboring countries that have fixed the dollar's exchange rate against its currency for years, even though they do not have any economic data, while the exchange rate in Iraq changes frequently."

On the same level, other blocs, on the other hand, are trying to push economic laws to the House of Representatives, as Hakim al-Zamili, the first deputy speaker of parliament, had announced the Sadrist bloc’s intention to legislate a law to deduct a financial grant from oil revenues to be distributed directly among citizens under the title “People’s Oil Grant.” However, experts and observers pointed out that these endeavors cannot be implemented within the law, as there is a budget deficit estimated at more than 27 trillion dinars.

Observers warn of Iraq's dependence on the current high oil prices, especially that their fluctuations will continue according to market requirements and the consequences of the world's actions regarding the general closure to confront the Corona pandemic.

They stressed the need for there to be alternatives away from oil rents, as this wealth may not last long, and could decrease at any moment, noting that those funds can be invested in establishing infrastructure for industrial cities that can compete with the world.


Sirens sound at Baghdad airport

link

A security source said, on Wednesday, that the sirens sounded at Baghdad International Airport, at five in the morning.   

  

The source said in an interview with "Nass" (February 2, 2022), that "the warning sirens sounded for a long time at the airport," noting that "the available information has not yet indicated that the missiles were fired or repelled."  

  

Yesterday, Tuesday (February 1, 2022), Prime Minister Mustafa Al-Kazemi announced that a number of the perpetrators of the latest attack had been reached, vowing to arrest them all and hold them accountable.  

  

Al-Kazemi said in an interview during the government session, "Any party will not be able to protect the perpetrators or smuggle them."  

  

At the end of last month, Baghdad airport was subjected to a major missile attack, which caused damage to two planes on the runway.  

  

Pictures followed by "NAS" (January 28, 2022), showed the plane being exposed to missile strikes.     

According to security sources, the civil wing of Baghdad Airport was subjected to a missile attack at (4:30) in the morning, as at least 6 missiles landed in the runway area and areas close to this wing.    

The sources pointed out that "the attack on Baghdad airport was carried out using 6 missiles, with 4 other missiles malfunctioning."


The Iraqi per capita income rises to about 6 thousand dollars

link

1643791311831.jpeg

A source in the Iraqi government revealed, on Wednesday, that the average per capita income of Iraq indicated an increase to about 6 thousand dollars during the index for the year 2021.

An individual's share or income, is an economic indicator that measures the degree of economic development in a country and its social impact, and this is done by dividing the value of the gross domestic product by the population.

The government source said in an interview with Shafaq News Agency, "The average per capita GDP at current prices at the dollar price is approximately 6 thousand dollars during 2021, up from 4.2 thousand dollars in 2020, indicating that" the average per capita share will be close to what Register in 2019".

He added that "the rise in oil prices contributed to the rise in the average per capita GDP," noting that "the average per capita income is calculated by dividing the gross national product over the country's population."

Iraq went through difficult economic conditions as a result of the drop in oil prices, which constitute most of Iraq's financial revenues, forcing the government to reduce the value of the Iraqi dinar against the dollar in order to provide the salaries of employees, while oil prices gradually rose to reach nearly $90.


Digital money.. Temptations and fraud

link

Digital money.. Temptations and fraud

Concerned authorities have warned citizens against trading securities in the foreign exchange market, as companies are adopting innovative means through unlicensed fraudsters to inflict their victims in forex or digital currency activities, and to lure quick profit and investment. 
Fraudulent methods include publishing fabricated videos on social media that appear as news bulletins broadcasting official news by opening new investment channels for citizens, and inviting them to register their names and data, with the aim of deceiving citizens by transferring their data to steal their money.
Among the methods used by fraudsters are also creating fake electronic platforms that impersonate names and brands and marketing them through accounts on social networking sites, and there are many fraud methods to include fraud by advertising for jobs and conducting personal interviews via telephone or video call, luring victims to obtain their personal and banking information, and promoting For fake investments through currency trading, and others are looking for people to deceive them of financial assistance through 
Donations (humanitarian). 
 
fake sites 
Statistics Al-Jabour, head of the Samawa Chamber of Commerce, says that, "At the beginning of the emergence of these investments, the Chamber announced clearly to the citizens who inquired about them, that they should not deal with these sites through an awareness campaign to protect society from the dangers of dealing with fake websites that market to invest in securities, without mentioning them." Obtaining the required licenses from the competent authorities, and introducing the innovative means pursued by unlicensed companies or fraudulent persons to inflict their victims in currency activities. 
He pointed out that “an important aspect is that the stock market is a market for offering shares for existing and registered companies and investment projects on the ground, and that frauds lie in banking companies and mediation in the sale and purchase of currencies, especially fictitious, in addition to some fictitious practices in displaying a fictitious profit activity that depends On electronic communications to achieve profits and establish an invisible network that pays money under the pretext of profit and presents a model of a shield or anything bearing the characteristics of the company, and then this company and those involved and the promoters disappear, as this spread and remarkably during the absence of state control of those platforms, and the law that must carry Any promoter of that responsibility in the rhythm of citizens 
victims".
Jabour explained that "raising awareness and warning against dealing and investing with irregular and unlicensed entities, after some groups were affected, by depositing their funds to entities and companies in irregular ways without referring to the competent authorities."
And he indicated that "the Chamber of Commerce offers several programs to confront irregular entities and companies, including raising awareness and warning against the activity of trading in securities in the unlicensed foreign exchange market, and several official agencies participate in it with the aim of protecting people from drifting behind this." 
Investments that are harmful to the economy in general and to individuals in particular.
It is noteworthy that several sources confirmed that the risks that investors and dealers in securities in the foreign exchange market may be exposed to are very high and end in the loss of capital for the individual shareholders, except for the investment promoted by the unregulated bodies whose goal is often to earn money by illegal means by deluding the investors that Investing with these companies is safe, and they are helped by a number of suspicious websites that these companies have designated to announce guaranteed profits, the outcome of which is fraud.
 
Big losses
For his part, lawyer and member of the Jurists Syndicate Salah Al-Shammari called on the media to play a greater role in this important juncture, which exposes a segment of citizens to great losses, after being lured electronically to fake markets, and warned against “sharing information and personal and private data with others and the need to verify the sources of information by referring to the authorities.” It also ensures that companies have the necessary licenses before starting any investment, and beware of temptations to make quick profits that are promoted by companies trading in securities in the foreign exchange market. regularity".





Below here is the WOTS report  "Word on the Street" for Feb 2 2022:

The price of the dollar today in Iraq came against 100 dollars in the local markets and the Iraqi stock exchanges in the capital, Baghdad, Basra and Erbil as follows:

Baghdad - Kifah Stock Exchange
147,800

The price of 100 dollars today in most Baghdad exchanges

Buy 147,500 Sell
148,250

Baghdad - Al-Harithiya Stock Exchange
147,825

Basra - Bursa
147,850

Erbil - Bursa
147,875

Sulaymaniyah - Bursa
147,950

Dohuk - Bursa
147,950

Mosul - Bursa
147,950

Najaf - Bursa
147,850



The Markets:
The Asian markets closed up NIK up by 1.68% HSI closed SHANG closed
The UK markets are currently trading in the green from .29% to .091% 
Our futures are currently trading up DOW at 35307 up by .09% SNP at 4566.50 up by .69% NDX at 15200.75 up by 1.39%

Precious Metals:
Gold is green at 1803 Silver is green at 22.80 Copper is green at 450 Platinum is green at 1039 
Brent 89 WTI  88   Bitcoin: 38,554  10 yr yield: 1.79

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1432.5000  1485.7000 1458.0000 1457.8000 1457.8000  0.2000 12:39
 USD/VND  22645.0000  22655.0000 22657.5000 22653.0000 22657.5000  7.0600 14:00
 USD/CNY  6.3595  6.3625 6.3586 6.3579 6.3579  0.0002 00:34
 USD/KWD  0.3020  0.3030 0.3024 0.3021 0.3024  -0.0003 04:37
 GBP/USD  1.3556  1.3557 1.3557 1.3514 1.3519  0.0037 05:23
 USD/IRR  42025.0000  42525.0000 42245.5000 42229.7000 42245.5000  3.4000 12:24
 USD/IDR  14357.0000  14357.0000 14362.0000 14302.0000 14326.0000  31.0000 05:22
Things in the News:

Iraqi Articles:

The Iraqi per capita income rises to about 6 thousand dollars

link

1643791311831.jpeg

A source in the Iraqi government revealed, on Wednesday, that the average per capita income of Iraq indicated an increase to about 6 thousand dollars during the index for the year 2021.

An individual's share or income, is an economic indicator that measures the degree of economic development in a country and its social impact, and this is done by dividing the value of the gross domestic product by the population.

The government source said in an interview with Shafaq News Agency, "The average per capita GDP at current prices at the dollar price is approximately 6 thousand dollars during 2021, up from 4.2 thousand dollars in 2020, indicating that" the average per capita share will be close to what Register in 2019".

He added that "the rise in oil prices contributed to the rise in the average per capita GDP," noting that "the average per capita income is calculated by dividing the gross national product over the country's population."

Iraq went through difficult economic conditions as a result of the drop in oil prices, which constitute most of Iraq's financial revenues, forcing the government to reduce the value of the Iraqi dinar against the dollar in order to provide the salaries of employees, while oil prices gradually rose to reach nearly $90.

Sirens sound at Baghdad airport

link

A security source said, on Wednesday, that the sirens sounded at Baghdad International Airport, at five in the morning.   

  

The source said in an interview with "Nass" (February 2, 2022), that "the warning sirens sounded for a long time at the airport," noting that "the available information has not yet indicated that the missiles were fired or repelled."  

  

Yesterday, Tuesday (February 1, 2022), Prime Minister Mustafa Al-Kazemi announced that a number of the perpetrators of the latest attack had been reached, vowing to arrest them all and hold them accountable.  

  

Al-Kazemi said in an interview during the government session, "Any party will not be able to protect the perpetrators or smuggle them."  

  

At the end of last month, Baghdad airport was subjected to a major missile attack, which caused damage to two planes on the runway.  

  

Pictures followed by "NAS" (January 28, 2022), showed the plane being exposed to missile strikes.     

According to security sources, the civil wing of Baghdad Airport was subjected to a missile attack at (4:30) in the morning, as at least 6 missiles landed in the runway area and areas close to this wing.    

The sources pointed out that "the attack on Baghdad airport was carried out using 6 missiles, with 4 other missiles malfunctioning."


Economist warns of rising poverty rates due to rising inflation

link

Economist warns of rising poverty rates due to rising inflation

The economist, Basem Jamil Antoine, warned, on Tuesday, of a rise in poverty rates in the country as a result of the increase in monetary inflation.

Antoine told Al-Furat News, "No party can guess the increase in poverty rates in the country without knowing the budget law allocations."

He added, "In addition to the Thursday plan to revitalize the economy, as it enables them to create job opportunities and reduce the unemployment rate that reduces poverty rates in the country."
Antoine stressed "the necessity of basing any statement in this regard on real figures, such as those of the Ministry of Planning, which is the closest," warning of "the rise in poverty rates in the country as a result of the increase in monetary inflation."

In December of 2021, the Ministry of Planning announced, through its spokesman, Abdul-Zahra Al-Hindawi, the latest rates of poverty and unemployment in the country.

Al-Hindawi told Al-Furat News that there are no new results or statistics for the poverty and unemployment rate for the previous year, which ranged from 22.5% to 23%, while the unemployment rate was 14%.

Iraq has many natural resources that can generate huge revenues for the country if they are used correctly, and make the Iraqi citizen the highest-income in the world, but the Iraqi reality is different from that, as about 40% of the Iraqis, who number more than 40 million people, live under The level of the poverty line, according to a report by the World Bank in 2020



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

Amended Regulations for Regulating the Work of Exchange and Mediation Companies No. 1 of 2022


Controls regulating the work of exchange and mediation companies in the sale and purchase of foreign currencies, as amended No. 1 of 2022    this document is 36 pages  and in Arabic
» To view the controls, click here

The currency auction For February 2nd, 2022 total sales amount $205,787,243

including   $29,160,000. CASH 


ISX Update:   

www.isx-iq.net/

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

2-2-2022   Newshound/Intel Guru RVAlready  Article:  "The Framework Announces The Move Towards Collecting Parliamentary Signatures To Change The Dollar Exchange Rate"    Remember, this is just grandstanding.  A few things to think on: Parliament does not set rates.  CBI does. It does not matter to us what the dinar rate is in Iraq.  The US rate will be set in accordance with treaty and 50 year oil future projections.  The CBI asserted its right as the sole authority in setting rates just a few weeks ago...
2-1-2022   Newshound Guru Clare  BECAUSE THE NSCN’S (New Small Currency Notes) ARE MAINLY FOR THEIR PEOPLE- THEY WILL BE EXPOSED WHEN THE RATE CHANGES OR AS FRANK [Guru Frank26] THINKS RIGHT BEFORE...THE PRIVATE BANK EDUCATION IS DONE…WE LITERALLY ARE JUST WAITING FOR THIS TO “POP” … THEY WILL NOT EXPOSE THE NSCN’s WITHOUT AN IMMINENT  RATE CHANGETHINK ABOUT IT WHY WOULD THEYTHEY CAN’T BE USED WITHOUT A NEW RATE…

2-1-2022   Newshound Guru Kaperoni  Iraqi media again today posted an article about new government returning the exchange rate to what it was 13 month ago (not a RV as the guru's say).  Unlikely to happen because the central bank is responsible for monetary policy.

2-1-2022   Intel Guru MarkZ   [via PDK]  On the Iraqi side they plan on having their government finished around the 7th of Feb. And the new Prime Minister by the 9th. But all my Iraq contacts state this is not a requirement for a new rate and it could go before then. The new rate was not released today as they had expected

2-1-2022   Regular Guy Guru Vital Brad  Community comment  "I heard they want to change the rate before they release the budget. If we can see the rate in the budget - that's a big thing that I look for each year when that budget comes out is you can look and see what the rate is so if this thing is going through we'll be able to see it reflect in the budget.

2-1-2022   Newshound Guru Pimpy  ...in addition to that the price of oil keeps going up.  Meaning there's going to be a lot more revenue coming into Iraq than before.  Does that mean they could change the rate to something outrageous like a total RV or RI?  ...Not yet...[But] I'm starting to think these increments might be a little higher...with as much money as they were putting in every month to pay Kuwait and as high as oil costs are going they're getting a nice  little chunk of money coming right back to them... [Post 2 of 2]

2-1-2022   Newshound Guru Pimpy   I think if they do change the rate it's going back to where it was before.  Right now you can get 1450 dinars for every 1 dollar and before they devalued it you used to get 1190 dinars for every dollar.  I think what they're gonna do is...put it back to the original rate.  Now there is a couple of things that have crossed my mind that makes me go maybe they might value the dinar a little bit more than that - Iraq is no longer paying Kuwait money.  All that money now stays within Iraq... [Post 1 of 2....stay tuned]

2-1-2022  Intel Frank26  Article: "Coordination framework:  Our next priority is to return the exchange rate to its previous era Priority - exchange rate first!   Quote:   '...the coordination framework is moving towards returning the dollar exchange rate to its previous rate, noting that the survival of the exchange rate is a crime against the poor.'

2-1-2022   Newshound Guru Sandy Ingram  These are speculation numbers to help you understand Iraq's vast wealth potential...The total value of the Iraqi potential oil reserves at an average profit of $75 per barrel over the next 100 years is 360 billion [barrels] x $75 = $27 trillion US dollars or $900,000 per capita...

2-1-2022   Newshound Guru MilitiaMan  Article:  "I talked about the stage of “reaping the fruits” .. Chairman of the Investment Authority: We have prepared 70 projects for the state"  The next stage is not going to be at a program rate. The economy will not stand on oil sales alone. Again the automation of the ports and borders will bring in massive revenues!! Just as the religious tourism, the Liquid natural gas sales, other natural resources, etc., etc.. imo   Apply the REER (Real Effective Exchange Rate) and let her sails to the wind!! imo.

2-1-2022   Newshound/Intel Guru Mnt Goat  Articles:  "ECONOMIST: IRAQ MAY GET HALF A TRILLION DOLLARS ANNUALLY IF IT IS LINKED TO THE SILK ROAD";   "THE SILK ROAD ON THE {MORNING} TABLE PENETRATES 70 COUNTRIES AND REVIVES IRAQ’S ROLE IN INTERNATIONAL TRADE"    Did I not say already many times the objective of using Iraq is for a global trade clearing house for the middle east? Well here it is...  Can you imagine the revenues? Not only oil revenue but revenue from customs and tariffs and now tax revenues from companies and individuals and then the hotel and tourism. Oh…but wait Iraq still has a 1/6 of a penny dinar...  : )



Catnip's Corner:

**********
ARTICLE 1-A (from PM Kadhimi's website; posted only on Arabic side, not on English side)

The Council of Ministers holds its fifth regular session headed by Prime Minister Mustafa Al-Kazemi 

Today, Tuesday, Prime Minister Mustafa Al-Kazemi chaired the fifth regular session of the Council of Ministers, during which the most important issues and topics on the agenda were discussed, discussed, and decisions were issued.

During the session, the epidemiological report, the measures taken to confront the Corona pandemic, and the developments of the work of the Committee to Strengthen Government Actions in the areas of prevention and health awareness control were reviewed. To limit the spread of the virus, and government efforts to contain the new wave of the pandemic, provide the necessary treatments and secure the vaccine through the outlets spread throughout Iraq.

The Council of Ministers hosted the Governor of Najaf, Mr. Majid Al-Waeli, where he reviewed the service reality of the province, its most important needs and requirements, and after discussing the problems and obstacles that the province suffers from, the Council of Ministers issued a number of decisions that would contribute to upgrading the service situation in the province of Najaf, which are as follows:

First / Confirmation of the implementation of the directives of the Ministerial Council for Social Services regarding the needs of the Najaf Governorate related to the following issues:

1- Construction of a second bridge in the Abbasid district with the approaches.

2- Completion of Ya Hussain Bridge on the road linking the governorates of (Najaf Al-Ashraf and Holy Karbala).

3- Land pilgrimage route / first stage.

4- Supplementary projects for the year 2021.

5- Construction of the fifth Kufa bridge (extension of the airport road) linking Kufa road east of the Euphrates and the road to the cement factory.

6- Construction of the second passage bridge over the Euphrates River (Imam Ali A. Bridge).

7- Heavy water treatment plant project in Bahr Al-Najaf.

8- Unified Najaf-Kufa Water Project.

9- Construction of Azamiya-Dasim road.

10- Establishing 4 weighing stations at the entrances to Najaf Governorate.

11- Projects to build lagging schools in Najaf Governorate.

12- Highway.

Secondly/
1- The Central Bank of Iraq, the Trade Bank of Iraq, the Ministry of Communications, the Information and Communications Commission, and the National Oil Company, to provide the financial grants mentioned below to the Najaf Governorate, to advance the service reality of the governorate:
• Five billion dinars from the Ministry of Communications.

• Five billion dinars from the Central Bank of Iraq.

• Ten billion exploratory patches.

• Ten billion from the Media and Communications Commission.

• Five billion from the Trade Bank of Iraq.

2- The governor of Najaf al-Ashraf used the aforementioned grants to advance the service situation and make the necessary contracts, with the exception of the contracting methods stipulated in the instructions for implementing government contracts.

3- The National Oil Company allocated an amount of (10,000,000) dinars, only ten billion dinars, from the exploration blocks to the Najaf Governorate (or joint) to implement development work in the governorate in coordination with the Governor, and during the year / 2022.

Third/
1- Allocating an amount of (5,000,000) dinars, only five billion dinars, to the Najaf Governorate, to be paid by the General Company for Communications and Informatics, one of the companies of the Ministry of Communications, and calculated to pay the previous debts of the company incurred by it to the Ministry of Finance.

2- Adding the head of the secretariat of the Supreme Coordination Committee between the governorates to the Ministerial Council for Social Services.

3- Forming a working group from the General Secretariat of the Council of Ministers and the two ministries (Planning, Construction, Housing, Municipalities and Public Works), the Najaf Governorate, and the advisor to the Prime Minister, to follow up on the implementation of the outputs of the decisions of the Council of Ministers and the Ministerial Council for Social Services for the Najaf Governorate exclusively.

The Council of Ministers discussed other topics on the agenda, and issued the following decisions:

First / Approval of the recommendations of the minutes of the (twenty-fourth) meeting of the Diwaniyah Order Committee (45 of 2018), regarding the development of ways, mechanisms and solutions necessary for the completion of public hospital projects as quickly as possible in coordination with the accompanying Ministry of Health. /19) dated January 16, 2022, taking into account the second proposal set forth in the fourth of the recommendations.

Second/ Approval of the minutes of the meeting of the Loan Collection Follow-up Committee, signed on December 12, 2021, regarding the results of the negotiations that took place with the Jamaican side, which include paying the Jamaican side the full amount remaining owed by them (73365568.98), only seventy-three million three hundred sixty-five thousand five hundred and eight Sixty dollars and ninety-eight cents, in one payment to the Iraqi side.

Third / Approval of the recommendation of the Ministerial Council for Energy (3 for the year 2022), according to the following:

- Excluding the project for hydrogenation of naphtha and improvement of gasoline in the Basra refinery from the annex to adjusting the prices shown in the instructions of the Ministry of Planning, according to its letter No. (4/7/18838) dated September 1, 2016, based on the opinion established in the letter of the Ministry of Planning No. (4/ 7/32307) of December 13, 2021.

Fourth / agree to the following:
- The Ministry of Finance/General Customs Authority is implementing a project in the Ministry of Finance (installing screens, bridge scales and sonar detectors), as an exception to the contracting methods stipulated in the instructions for implementing government contracts.

Fifth / Approval for the Ministry of Defense to dispose of (1.5) billion dinars and five hundred million dinars, from the Al Meera Department’s share of the profits of the Military Stores Directorate, to raise the readiness of the military units and maintain the momentum of the battle, and with the exception of the instructions for implementing government contracts and the controls for implementing armament contracts issued by the Security Advisory nationalist.

The Council of Ministers hosted the President of the National Investment Commission, Mrs. Suha Najjar, who gave a detailed explanation of the authority’s procedures regarding the Basmaya residential complex, and the importance of financial auditing regarding previous contracts, in addition to providing a summary with regard to investments and plans to ensure that investment in Iraq is placed on the right track, and according to specifications Najjar touched on the measures taken by the authority to combat corruption and lagging projects.

In this regard, the Council of Ministers agreed to endorse the recommendation of the Ministerial Council for Economy, as follows:

- Approval of the National Investment Commission’s contract with a solid international law firm to audit previous contracts regarding the Basmaya housing project, to propose a new contract formula, to state the legal position of the contracts, and to contract with a solid international financial auditing firm to propose a financial model, and to audit the financial matters of the aforementioned project, according to what It was stated in the letter of the National Investment Commission No. (8506) dated October 6, 2021, and the two contracts were excluded from the contracting methods stipulated in the instructions for implementing government contracts (2 of 2014).

Media Office of the Prime Minister
1- February - 2022

***************
ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side)

Highlights of what Prime Minister Mustafa Al-Kazemi spoke while presiding over the Cabinet session 

The highlights of what Prime Minister Mustafa Al-Kazemi spoke while presiding over the cabinet session held today, Tuesday:

🔵 I congratulate the heroic security forces that made great efforts during the past week, and achieved victories against terrorist organizations.

🔵 We conducted a massive cleansing operation in the Al-Azim area to cleanse the earth of terrorist groups.

🔵 Iraqi Air Force hawks carried out strikes targeting several locations of the terrorist organization's hideouts in several remote points, killing a number of them, including important Iraqi and foreign leaders.

🔵 During our visit to the border areas in northwestern Iraq, we worked on strict security measures within a tight plan to prevent any infiltration of terrorist cells.

🔵 The security and intelligence services have worked to trace the threads of the terrorist operation in Al-Azim, and were able to arrest a number of the terrorist cells involved.

🔵 I thank the security institutions and our heroic Iraqi forces, and we assure our people that there is no return to terrorism in the presence of these valiant forces.

🔵 Last week witnessed a very unfortunate event, when a group of non-state forces carried out a cowardly terrorist attack on Baghdad International Airport.

🔵 These groups have become operating according to the logic of terrorism and are using the same tools and other actions of terrorist groups.

🔵 All political forces, with their various political orientations, must unite their words and actions against these groups.

🔵 There is no place for terrorism of all kinds, types and forms in Iraq.

🔵 This is the Iraq of the greats, the Iraq of peace, the Iraq of safety and security, and the Iraq of cooperation and partnership. We do not allow any party or person to tempt himself to harm his reputation in this random and chaotic way.

🔵 Our security forces have followed the threads of the operation and have identified some of the terrorists involved, and they are continuing the investigations, and I assure our great people that all those involved will be arrested and held accountable without exception, and no party, whatever it is, will be able to protect or smuggle criminals.
 
Media Office of the Prime Minister
1- February - 2022

***************
ARTICLE 1-C (from PM Kadhimi's website; posted only on Arabic side, not on English side)

Prime Minister Mustafa Al-Kadhimi receives the Special Representative of the Secretary-General of the United Nations in Iraq 

Today, Saturday, the Prime Minister, Mustafa Al-Kadhimi, received the Special Representative of the Secretary-General of the United Nations in Iraq, Mrs. Jeanine Plasschaert.

During the meeting, they discussed the overall political and security situation and its developments, as well as the progress of cooperation and coordination between Iraq and the United Nations, and ways to support the programs undertaken by the international organization in Iraq.

During the meeting, Mr. Al-Kazemi reiterated Iraq's keenness to consolidate its regional and international relations to ensure the strengthening of security and stability in Iraq and the region, and to establish the causes of sustainable development for the benefit of the Iraqi people and the brotherly and friendly peace-loving peoples.

For her part, Mrs. Plasschaert affirmed the position of the international community in support of Iraq regarding the current challenges, and the importance of adopting dialogue as a way to resolve differences.

Media Office of the Prime Minister
January 29 2022

***************
ARTICLE 1-D (from PM Kadhimi's website; posted only on Arabic side, not on English side)

Statement 

Today at dawn, Baghdad International Airport was exposed to a cowardly terrorist act that revealed the criminals' insistence on striking the security of the people of Iraq, their obligations, and their capabilities, and endangering their interests.

The targeting of Baghdad International Airport with missiles, the injury of civilian aircraft, and the damage to the airport runway represents a new attempt to undermine Iraq’s reputation, which we have striven to restore regionally and internationally, and endanger international aviation standards at Iraqi airports and spread an atmosphere of doubts about internal security; The fact that Baghdad International Airport is one of the fronts of the country, as well as undermining the efforts of Iraqi Airways to develop its work and openness and the flight of Iraqi aircraft in all global airspace.

This treacherous terrorist operation comes as an extension of a series of missile or drone attacks on civilian and military facilities of the Iraqi state, and the headquarters of political parties, to express frantic attempts to break the prestige of the state and law and order in front of the non-state forces, undermine the achievements of Iraqi foreign policy, and stab the interests of the people.

The Iraqi security forces, which have taken their full role in providing security and confronting terrorism in all its forms, will have a decisive response to this type of dangerous operation that is supported by agendas that do not want Iraq well.
From my position as Prime Minister of the Council of Ministers of Iraq and Commander-in-Chief of the Armed Forces, I call upon all forces, parties, political currents, and various actors to express their explicit and clear rejection and condemnation of this dangerous attack, and to support our security forces in their operations against the missile launchers, and silence on this type of targeting has become Criminals consider it a political cover for them.
I call on countries friendly to Iraq, regionally and internationally, not to place restrictions on travel or air transportation to and from Iraq, which constitutes a contribution to deterring terrorism from achieving its goals.
 
Mustafa Al-Kazemi
Prime Minister
Commander in Chief of the Armed Forces
28- January 2022

*************
ARTICLE 2 (from Government of Iraq twitter account)

Government of Iraq - الحكومة العراقية @IraqiGovt
·2-1-2022 around 1 pm Eastern

PM @MAKadhimi at today’s weekly meeting of the Cabinet in Baghdad congratulates the Iraqi security forces for their heroic efforts that led to victories against terrorist organisations.

PM @MAKadhimi: The Iraqi security forces carried out a large operation to sweep Al-Azim area to root our terrorist groups.

PM @MAKadhimi: The Iraqi Air Force carried out strikes targeting several terrorist hideouts in remote areas, killing a number of terrorists, including Iraqi and foreign terrorist leaders.

PM @MAKadhimi: The security and intelligence services traced and arrested several terrorist cells involved in the Al-Azim terrorist attack.

PM @MAKadhimi: Last week a non-state group carried out a cowardly terrorist attack on Baghdad International Airport.

*************
ARTICLE 3

Saleh: I look forward to Sharaf assuming the responsibility of the presidency again
02/02/2022 14:53

Baghdad / Obelisk: The President of the Republic, Barham Salih, announced on Tuesday, February 1, 2022, his candidacy for the position of President of the Republic.

The Obelisk publishes the most prominent statements in President Barham Salih’s speech about his candidacy for the position of President of the Republic:

- He was nominated for the position of President of the Republic after we obtained it by an independent national decision, realizing that it is a great honor and a great responsibility.

- The president of the republic should be a symbol of the country's unity and sovereignty and a protector of the constitution, and he should be the president of all Iraqis, not a subordinate.

- We committed ourselves persistently and with the support of the benevolent patriots, in pursuing my duties under the roof of patriotism, and I did not allow, under any circumstances, despite the various difficulties and pressures, the humiliation of the position of the Presidency of the Republic.

- I tried to keep our country away from entering into a cycle of bloody internal conflicts in difficult times, realizing, after all the lean years, that the time has come for the Iraqis to have peace and a system of government based on its independent national decision.

I come from the mountains of Kurdistan, and from Samawah, the holy Karbala, Salah al-Din, Babylon, Wasit, al-Amarah and Halabja.

- I am confident that constitutional Iraq is the path for our country, and that Baghdad is civilization is the meeting place for everyone, and in it our national issues are resolved, for the strength of Baghdad is the strength of Basra, Anbar, Mosul, and the strength of Kurdistan.

- We succeeded in overcoming many problems and challenges, and we were able to start in Iraq from an address of conflict to an address for the convergence of the countries and peoples of the region, and we will proceed on this path and will not deviate from it and will not back down.

- The new parliament came with early elections in response to a popular youth movement that came against the background of a general feeling of grievances and the urgent need for a rule based on the will of the Iraqis without value, guardianship or interference, and for the people to be their own master.

The expected role of the new House of Representatives is that it must be a free parliament and a true representative of the people's will and aspirations.

Our youth in Basra, Nasiriyah, Najaf, Baghdad, Mosul, Sulaymaniyah, Erbil, Anbar, Kirkuk, Diwaniyah, Dohuk, Diyala and Sinjar share the same aspirations for a decent and free life.

The flaws in the system of governance must be addressed and a new political and social contract that establishes the good governance of a state with full sovereignty that protects the rights of Iraqis, guarantees its right to enforce the law and confines arms to its hands.

- The dangerous scourge of corruption that works to perpetuate itself and influence the will of the Iraqis with the money of the Iraqis requires a decisive pause..

- Fighting corruption is truly a national battle that will not fix the country's situation without winning it. It is based on striking the sources of corruption and recovering what was looted and smuggled.

We submitted a draft law on “recovering corruption proceeds” to the House of Representatives, which includes proactive and deterrent practical measures, and subsequent procedures to recover smuggled corruption funds, and we will work on its approval and implementation.

- The next stage should be the stage of constitutional amendments to items that experience has proven responsible for entrenching crises.

In response to the popular movement and the broad national consensus, the Presidency of the Republic formed an expanded committee of jurists of the Constitution, and submitted a comprehensive paper on the necessary amendments to ensure national reconciliation.

The necessity of achieving transformation in our rentier economy, protecting the Tigris and Euphrates and our natural and environmental resources, and we presented to the Council of Ministers a project to revive Mesopotamia as a national strategy in this regard.
b
*************
ARTICLE 4

Deputy, commenting on Al-Zamili's proposal: It is too early to make such promises
02/02/2022 | 10:50 AM

Member of Parliament Jamal Cougar confirmed, on Tuesday, that the proposal submitted by the First Deputy Speaker of Parliament Hakim Al-Zamili regarding deducting a financial percentage from the federal oil imports and granting it directly to the general public is premature.

Cougar said in an interview seen by / the information /, that "it is premature to make such promises, however, if the first deputy speaker of parliament wants to present this project as a representative of the largest bloc, there are three paths to submitting projects either from the government or through the President of the Republic." or Parliament and its competent committees.

He added, "The executive body has not committed to releasing the petrodollar allocations for the governorates stipulated in the budgets, so how can the next government implement this law if it is approved."
Cougar pointed out that "the economic situation is difficult despite the high oil prices."

*************he price of the dollar today in Iraq came against 100 dollars in the local markets and the Iraqi stock exchanges in the capital, Baghdad, Basra and Erbil as follows:

Baghdad - Kifah Stock Exchange
147,800

The price of 100 dollars today in most Baghdad exchanges

Buy 147,500 Sell
148,250

Baghdad - Al-Harithiya Stock Exchange
147,825

Basra - Bursa
147,850

Erbil - Bursa
147,875

Sulaymaniyah - Bursa
147,950

Dohuk - Bursa
147,950

Mosul - Bursa
147,950

Najaf - Bursa
147,850



The Markets:
The Asian markets closed up NIK up by 1.68% HSI closed SHANG closed
The UK markets are currently trading in the green from .29% to .091% 
Our futures are currently trading up DOW at 35307 up by .09% SNP at 4566.50 up by .69% NDX at 15200.75 up by 1.39%

Precious Metals:
Gold is green at 1803 Silver is green at 22.80 Copper is green at 450 Platinum is green at 1039 
Brent 89 WTI  88   Bitcoin: 38,554  10 yr yield: 1.79

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1432.5000  1485.7000 1458.0000 1457.8000 1457.8000  0.2000 12:39
 USD/VND  22645.0000  22655.0000 22657.5000 22653.0000 22657.5000  7.0600 14:00
 USD/CNY  6.3595  6.3625 6.3586 6.3579 6.3579  0.0002 00:34
 USD/KWD  0.3020  0.3030 0.3024 0.3021 0.3024  -0.0003 04:37
 GBP/USD  1.3556  1.3557 1.3557 1.3514 1.3519  0.0037 05:23
 USD/IRR  42025.0000  42525.0000 42245.5000 42229.7000 42245.5000  3.4000 12:24
 USD/IDR  14357.0000  14357.0000 14362.0000 14302.0000 14326.0000  31.0000 05:22
Things in the News:

Iraqi Articles:

The Iraqi per capita income rises to about 6 thousand dollars

link

1643791311831.jpeg

A source in the Iraqi government revealed, on Wednesday, that the average per capita income of Iraq indicated an increase to about 6 thousand dollars during the index for the year 2021.

An individual's share or income, is an economic indicator that measures the degree of economic development in a country and its social impact, and this is done by dividing the value of the gross domestic product by the population.

The government source said in an interview with Shafaq News Agency, "The average per capita GDP at current prices at the dollar price is approximately 6 thousand dollars during 2021, up from 4.2 thousand dollars in 2020, indicating that" the average per capita share will be close to what Register in 2019".

He added that "the rise in oil prices contributed to the rise in the average per capita GDP," noting that "the average per capita income is calculated by dividing the gross national product over the country's population."

Iraq went through difficult economic conditions as a result of the drop in oil prices, which constitute most of Iraq's financial revenues, forcing the government to reduce the value of the Iraqi dinar against the dollar in order to provide the salaries of employees, while oil prices gradually rose to reach nearly $90.

Sirens sound at Baghdad airport

link

A security source said, on Wednesday, that the sirens sounded at Baghdad International Airport, at five in the morning.   

  

The source said in an interview with "Nass" (February 2, 2022), that "the warning sirens sounded for a long time at the airport," noting that "the available information has not yet indicated that the missiles were fired or repelled."  

  

Yesterday, Tuesday (February 1, 2022), Prime Minister Mustafa Al-Kazemi announced that a number of the perpetrators of the latest attack had been reached, vowing to arrest them all and hold them accountable.  

  

Al-Kazemi said in an interview during the government session, "Any party will not be able to protect the perpetrators or smuggle them."  

  

At the end of last month, Baghdad airport was subjected to a major missile attack, which caused damage to two planes on the runway.  

  

Pictures followed by "NAS" (January 28, 2022), showed the plane being exposed to missile strikes.     

According to security sources, the civil wing of Baghdad Airport was subjected to a missile attack at (4:30) in the morning, as at least 6 missiles landed in the runway area and areas close to this wing.    

The sources pointed out that "the attack on Baghdad airport was carried out using 6 missiles, with 4 other missiles malfunctioning."


Economist warns of rising poverty rates due to rising inflation

link

Economist warns of rising poverty rates due to rising inflation

The economist, Basem Jamil Antoine, warned, on Tuesday, of a rise in poverty rates in the country as a result of the increase in monetary inflation.

Antoine told Al-Furat News, "No party can guess the increase in poverty rates in the country without knowing the budget law allocations."

He added, "In addition to the Thursday plan to revitalize the economy, as it enables them to create job opportunities and reduce the unemployment rate that reduces poverty rates in the country."
Antoine stressed "the necessity of basing any statement in this regard on real figures, such as those of the Ministry of Planning, which is the closest," warning of "the rise in poverty rates in the country as a result of the increase in monetary inflation."

In December of 2021, the Ministry of Planning announced, through its spokesman, Abdul-Zahra Al-Hindawi, the latest rates of poverty and unemployment in the country.

Al-Hindawi told Al-Furat News that there are no new results or statistics for the poverty and unemployment rate for the previous year, which ranged from 22.5% to 23%, while the unemployment rate was 14%.

Iraq has many natural resources that can generate huge revenues for the country if they are used correctly, and make the Iraqi citizen the highest-income in the world, but the Iraqi reality is different from that, as about 40% of the Iraqis, who number more than 40 million people, live under The level of the poverty line, according to a report by the World Bank in 2020



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

Amended Regulations for Regulating the Work of Exchange and Mediation Companies No. 1 of 2022


Controls regulating the work of exchange and mediation companies in the sale and purchase of foreign currencies, as amended No. 1 of 2022    this document is 36 pages  and in Arabic
» To view the controls, click here

The currency auction For February 2nd, 2022 total sales amount $205,787,243

including   $29,160,000. CASH 


ISX Update:   

www.isx-iq.net/

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

2-2-2022   Newshound/Intel Guru RVAlready  Article:  "The Framework Announces The Move Towards Collecting Parliamentary Signatures To Change The Dollar Exchange Rate"    Remember, this is just grandstanding.  A few things to think on: Parliament does not set rates.  CBI does. It does not matter to us what the dinar rate is in Iraq.  The US rate will be set in accordance with treaty and 50 year oil future projections.  The CBI asserted its right as the sole authority in setting rates just a few weeks ago...
2-1-2022   Newshound Guru Clare  BECAUSE THE NSCN’S (New Small Currency Notes) ARE MAINLY FOR THEIR PEOPLE- THEY WILL BE EXPOSED WHEN THE RATE CHANGES OR AS FRANK [Guru Frank26] THINKS RIGHT BEFORE...THE PRIVATE BANK EDUCATION IS DONE…WE LITERALLY ARE JUST WAITING FOR THIS TO “POP” … THEY WILL NOT EXPOSE THE NSCN’s WITHOUT AN IMMINENT  RATE CHANGETHINK ABOUT IT WHY WOULD THEYTHEY CAN’T BE USED WITHOUT A NEW RATE…

2-1-2022   Newshound Guru Kaperoni  Iraqi media again today posted an article about new government returning the exchange rate to what it was 13 month ago (not a RV as the guru's say).  Unlikely to happen because the central bank is responsible for monetary policy.

2-1-2022   Intel Guru MarkZ   [via PDK]  On the Iraqi side they plan on having their government finished around the 7th of Feb. And the new Prime Minister by the 9th. But all my Iraq contacts state this is not a requirement for a new rate and it could go before then. The new rate was not released today as they had expected

2-1-2022   Regular Guy Guru Vital Brad  Community comment  "I heard they want to change the rate before they release the budget. If we can see the rate in the budget - that's a big thing that I look for each year when that budget comes out is you can look and see what the rate is so if this thing is going through we'll be able to see it reflect in the budget.

2-1-2022   Newshound Guru Pimpy  ...in addition to that the price of oil keeps going up.  Meaning there's going to be a lot more revenue coming into Iraq than before.  Does that mean they could change the rate to something outrageous like a total RV or RI?  ...Not yet...[But] I'm starting to think these increments might be a little higher...with as much money as they were putting in every month to pay Kuwait and as high as oil costs are going they're getting a nice  little chunk of money coming right back to them... [Post 2 of 2]

2-1-2022   Newshound Guru Pimpy   I think if they do change the rate it's going back to where it was before.  Right now you can get 1450 dinars for every 1 dollar and before they devalued it you used to get 1190 dinars for every dollar.  I think what they're gonna do is...put it back to the original rate.  Now there is a couple of things that have crossed my mind that makes me go maybe they might value the dinar a little bit more than that - Iraq is no longer paying Kuwait money.  All that money now stays within Iraq... [Post 1 of 2....stay tuned]

2-1-2022  Intel Frank26  Article: "Coordination framework:  Our next priority is to return the exchange rate to its previous era Priority - exchange rate first!   Quote:   '...the coordination framework is moving towards returning the dollar exchange rate to its previous rate, noting that the survival of the exchange rate is a crime against the poor.'

2-1-2022   Newshound Guru Sandy Ingram  These are speculation numbers to help you understand Iraq's vast wealth potential...The total value of the Iraqi potential oil reserves at an average profit of $75 per barrel over the next 100 years is 360 billion [barrels] x $75 = $27 trillion US dollars or $900,000 per capita...

2-1-2022   Newshound Guru MilitiaMan  Article:  "I talked about the stage of “reaping the fruits” .. Chairman of the Investment Authority: We have prepared 70 projects for the state"  The next stage is not going to be at a program rate. The economy will not stand on oil sales alone. Again the automation of the ports and borders will bring in massive revenues!! Just as the religious tourism, the Liquid natural gas sales, other natural resources, etc., etc.. imo   Apply the REER (Real Effective Exchange Rate) and let her sails to the wind!! imo.

2-1-2022   Newshound/Intel Guru Mnt Goat  Articles:  "ECONOMIST: IRAQ MAY GET HALF A TRILLION DOLLARS ANNUALLY IF IT IS LINKED TO THE SILK ROAD";   "THE SILK ROAD ON THE {MORNING} TABLE PENETRATES 70 COUNTRIES AND REVIVES IRAQ’S ROLE IN INTERNATIONAL TRADE"    Did I not say already many times the objective of using Iraq is for a global trade clearing house for the middle east? Well here it is...  Can you imagine the revenues? Not only oil revenue but revenue from customs and tariffs and now tax revenues from companies and individuals and then the hotel and tourism. Oh…but wait Iraq still has a 1/6 of a penny dinar...  : )



Catnip's Corner:

**********
ARTICLE 1-A (from PM Kadhimi's website; posted only on Arabic side, not on English side)

The Council of Ministers holds its fifth regular session headed by Prime Minister Mustafa Al-Kazemi 

Today, Tuesday, Prime Minister Mustafa Al-Kazemi chaired the fifth regular session of the Council of Ministers, during which the most important issues and topics on the agenda were discussed, discussed, and decisions were issued.

During the session, the epidemiological report, the measures taken to confront the Corona pandemic, and the developments of the work of the Committee to Strengthen Government Actions in the areas of prevention and health awareness control were reviewed. To limit the spread of the virus, and government efforts to contain the new wave of the pandemic, provide the necessary treatments and secure the vaccine through the outlets spread throughout Iraq.

The Council of Ministers hosted the Governor of Najaf, Mr. Majid Al-Waeli, where he reviewed the service reality of the province, its most important needs and requirements, and after discussing the problems and obstacles that the province suffers from, the Council of Ministers issued a number of decisions that would contribute to upgrading the service situation in the province of Najaf, which are as follows:

First / Confirmation of the implementation of the directives of the Ministerial Council for Social Services regarding the needs of the Najaf Governorate related to the following issues:

1- Construction of a second bridge in the Abbasid district with the approaches.

2- Completion of Ya Hussain Bridge on the road linking the governorates of (Najaf Al-Ashraf and Holy Karbala).

3- Land pilgrimage route / first stage.

4- Supplementary projects for the year 2021.

5- Construction of the fifth Kufa bridge (extension of the airport road) linking Kufa road east of the Euphrates and the road to the cement factory.

6- Construction of the second passage bridge over the Euphrates River (Imam Ali A. Bridge).

7- Heavy water treatment plant project in Bahr Al-Najaf.

8- Unified Najaf-Kufa Water Project.

9- Construction of Azamiya-Dasim road.

10- Establishing 4 weighing stations at the entrances to Najaf Governorate.

11- Projects to build lagging schools in Najaf Governorate.

12- Highway.

Secondly/
1- The Central Bank of Iraq, the Trade Bank of Iraq, the Ministry of Communications, the Information and Communications Commission, and the National Oil Company, to provide the financial grants mentioned below to the Najaf Governorate, to advance the service reality of the governorate:
• Five billion dinars from the Ministry of Communications.

• Five billion dinars from the Central Bank of Iraq.

• Ten billion exploratory patches.

• Ten billion from the Media and Communications Commission.

• Five billion from the Trade Bank of Iraq.

2- The governor of Najaf al-Ashraf used the aforementioned grants to advance the service situation and make the necessary contracts, with the exception of the contracting methods stipulated in the instructions for implementing government contracts.

3- The National Oil Company allocated an amount of (10,000,000) dinars, only ten billion dinars, from the exploration blocks to the Najaf Governorate (or joint) to implement development work in the governorate in coordination with the Governor, and during the year / 2022.

Third/
1- Allocating an amount of (5,000,000) dinars, only five billion dinars, to the Najaf Governorate, to be paid by the General Company for Communications and Informatics, one of the companies of the Ministry of Communications, and calculated to pay the previous debts of the company incurred by it to the Ministry of Finance.

2- Adding the head of the secretariat of the Supreme Coordination Committee between the governorates to the Ministerial Council for Social Services.

3- Forming a working group from the General Secretariat of the Council of Ministers and the two ministries (Planning, Construction, Housing, Municipalities and Public Works), the Najaf Governorate, and the advisor to the Prime Minister, to follow up on the implementation of the outputs of the decisions of the Council of Ministers and the Ministerial Council for Social Services for the Najaf Governorate exclusively.

The Council of Ministers discussed other topics on the agenda, and issued the following decisions:

First / Approval of the recommendations of the minutes of the (twenty-fourth) meeting of the Diwaniyah Order Committee (45 of 2018), regarding the development of ways, mechanisms and solutions necessary for the completion of public hospital projects as quickly as possible in coordination with the accompanying Ministry of Health. /19) dated January 16, 2022, taking into account the second proposal set forth in the fourth of the recommendations.

Second/ Approval of the minutes of the meeting of the Loan Collection Follow-up Committee, signed on December 12, 2021, regarding the results of the negotiations that took place with the Jamaican side, which include paying the Jamaican side the full amount remaining owed by them (73365568.98), only seventy-three million three hundred sixty-five thousand five hundred and eight Sixty dollars and ninety-eight cents, in one payment to the Iraqi side.

Third / Approval of the recommendation of the Ministerial Council for Energy (3 for the year 2022), according to the following:

- Excluding the project for hydrogenation of naphtha and improvement of gasoline in the Basra refinery from the annex to adjusting the prices shown in the instructions of the Ministry of Planning, according to its letter No. (4/7/18838) dated September 1, 2016, based on the opinion established in the letter of the Ministry of Planning No. (4/ 7/32307) of December 13, 2021.

Fourth / agree to the following:
- The Ministry of Finance/General Customs Authority is implementing a project in the Ministry of Finance (installing screens, bridge scales and sonar detectors), as an exception to the contracting methods stipulated in the instructions for implementing government contracts.

Fifth / Approval for the Ministry of Defense to dispose of (1.5) billion dinars and five hundred million dinars, from the Al Meera Department’s share of the profits of the Military Stores Directorate, to raise the readiness of the military units and maintain the momentum of the battle, and with the exception of the instructions for implementing government contracts and the controls for implementing armament contracts issued by the Security Advisory nationalist.

The Council of Ministers hosted the President of the National Investment Commission, Mrs. Suha Najjar, who gave a detailed explanation of the authority’s procedures regarding the Basmaya residential complex, and the importance of financial auditing regarding previous contracts, in addition to providing a summary with regard to investments and plans to ensure that investment in Iraq is placed on the right track, and according to specifications Najjar touched on the measures taken by the authority to combat corruption and lagging projects.

In this regard, the Council of Ministers agreed to endorse the recommendation of the Ministerial Council for Economy, as follows:

- Approval of the National Investment Commission’s contract with a solid international law firm to audit previous contracts regarding the Basmaya housing project, to propose a new contract formula, to state the legal position of the contracts, and to contract with a solid international financial auditing firm to propose a financial model, and to audit the financial matters of the aforementioned project, according to what It was stated in the letter of the National Investment Commission No. (8506) dated October 6, 2021, and the two contracts were excluded from the contracting methods stipulated in the instructions for implementing government contracts (2 of 2014).

Media Office of the Prime Minister
1- February - 2022

***************
ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side)

Highlights of what Prime Minister Mustafa Al-Kazemi spoke while presiding over the Cabinet session 

The highlights of what Prime Minister Mustafa Al-Kazemi spoke while presiding over the cabinet session held today, Tuesday:

🔵 I congratulate the heroic security forces that made great efforts during the past week, and achieved victories against terrorist organizations.

🔵 We conducted a massive cleansing operation in the Al-Azim area to cleanse the earth of terrorist groups.

🔵 Iraqi Air Force hawks carried out strikes targeting several locations of the terrorist organization's hideouts in several remote points, killing a number of them, including important Iraqi and foreign leaders.

🔵 During our visit to the border areas in northwestern Iraq, we worked on strict security measures within a tight plan to prevent any infiltration of terrorist cells.

🔵 The security and intelligence services have worked to trace the threads of the terrorist operation in Al-Azim, and were able to arrest a number of the terrorist cells involved.

🔵 I thank the security institutions and our heroic Iraqi forces, and we assure our people that there is no return to terrorism in the presence of these valiant forces.

🔵 Last week witnessed a very unfortunate event, when a group of non-state forces carried out a cowardly terrorist attack on Baghdad International Airport.

🔵 These groups have become operating according to the logic of terrorism and are using the same tools and other actions of terrorist groups.

🔵 All political forces, with their various political orientations, must unite their words and actions against these groups.

🔵 There is no place for terrorism of all kinds, types and forms in Iraq.

🔵 This is the Iraq of the greats, the Iraq of peace, the Iraq of safety and security, and the Iraq of cooperation and partnership. We do not allow any party or person to tempt himself to harm his reputation in this random and chaotic way.

🔵 Our security forces have followed the threads of the operation and have identified some of the terrorists involved, and they are continuing the investigations, and I assure our great people that all those involved will be arrested and held accountable without exception, and no party, whatever it is, will be able to protect or smuggle criminals.
 
Media Office of the Prime Minister
1- February - 2022

***************
ARTICLE 1-C (from PM Kadhimi's website; posted only on Arabic side, not on English side)

Prime Minister Mustafa Al-Kadhimi receives the Special Representative of the Secretary-General of the United Nations in Iraq 

Today, Saturday, the Prime Minister, Mustafa Al-Kadhimi, received the Special Representative of the Secretary-General of the United Nations in Iraq, Mrs. Jeanine Plasschaert.

During the meeting, they discussed the overall political and security situation and its developments, as well as the progress of cooperation and coordination between Iraq and the United Nations, and ways to support the programs undertaken by the international organization in Iraq.

During the meeting, Mr. Al-Kazemi reiterated Iraq's keenness to consolidate its regional and international relations to ensure the strengthening of security and stability in Iraq and the region, and to establish the causes of sustainable development for the benefit of the Iraqi people and the brotherly and friendly peace-loving peoples.

For her part, Mrs. Plasschaert affirmed the position of the international community in support of Iraq regarding the current challenges, and the importance of adopting dialogue as a way to resolve differences.

Media Office of the Prime Minister
January 29 2022

***************
ARTICLE 1-D (from PM Kadhimi's website; posted only on Arabic side, not on English side)

Statement 

Today at dawn, Baghdad International Airport was exposed to a cowardly terrorist act that revealed the criminals' insistence on striking the security of the people of Iraq, their obligations, and their capabilities, and endangering their interests.

The targeting of Baghdad International Airport with missiles, the injury of civilian aircraft, and the damage to the airport runway represents a new attempt to undermine Iraq’s reputation, which we have striven to restore regionally and internationally, and endanger international aviation standards at Iraqi airports and spread an atmosphere of doubts about internal security; The fact that Baghdad International Airport is one of the fronts of the country, as well as undermining the efforts of Iraqi Airways to develop its work and openness and the flight of Iraqi aircraft in all global airspace.

This treacherous terrorist operation comes as an extension of a series of missile or drone attacks on civilian and military facilities of the Iraqi state, and the headquarters of political parties, to express frantic attempts to break the prestige of the state and law and order in front of the non-state forces, undermine the achievements of Iraqi foreign policy, and stab the interests of the people.

The Iraqi security forces, which have taken their full role in providing security and confronting terrorism in all its forms, will have a decisive response to this type of dangerous operation that is supported by agendas that do not want Iraq well.
From my position as Prime Minister of the Council of Ministers of Iraq and Commander-in-Chief of the Armed Forces, I call upon all forces, parties, political currents, and various actors to express their explicit and clear rejection and condemnation of this dangerous attack, and to support our security forces in their operations against the missile launchers, and silence on this type of targeting has become Criminals consider it a political cover for them.
I call on countries friendly to Iraq, regionally and internationally, not to place restrictions on travel or air transportation to and from Iraq, which constitutes a contribution to deterring terrorism from achieving its goals.
 
Mustafa Al-Kazemi
Prime Minister
Commander in Chief of the Armed Forces
28- January 2022

*************
ARTICLE 2 (from Government of Iraq twitter account)

Government of Iraq - الحكومة العراقية @IraqiGovt
·2-1-2022 around 1 pm Eastern

PM @MAKadhimi at today’s weekly meeting of the Cabinet in Baghdad congratulates the Iraqi security forces for their heroic efforts that led to victories against terrorist organisations.

PM @MAKadhimi: The Iraqi security forces carried out a large operation to sweep Al-Azim area to root our terrorist groups.

PM @MAKadhimi: The Iraqi Air Force carried out strikes targeting several terrorist hideouts in remote areas, killing a number of terrorists, including Iraqi and foreign terrorist leaders.

PM @MAKadhimi: The security and intelligence services traced and arrested several terrorist cells involved in the Al-Azim terrorist attack.

PM @MAKadhimi: Last week a non-state group carried out a cowardly terrorist attack on Baghdad International Airport.

*************
ARTICLE 3

Saleh: I look forward to Sharaf assuming the responsibility of the presidency again
02/02/2022 14:53

Baghdad / Obelisk: The President of the Republic, Barham Salih, announced on Tuesday, February 1, 2022, his candidacy for the position of President of the Republic.

The Obelisk publishes the most prominent statements in President Barham Salih’s speech about his candidacy for the position of President of the Republic:

- He was nominated for the position of President of the Republic after we obtained it by an independent national decision, realizing that it is a great honor and a great responsibility.

- The president of the republic should be a symbol of the country's unity and sovereignty and a protector of the constitution, and he should be the president of all Iraqis, not a subordinate.

- We committed ourselves persistently and with the support of the benevolent patriots, in pursuing my duties under the roof of patriotism, and I did not allow, under any circumstances, despite the various difficulties and pressures, the humiliation of the position of the Presidency of the Republic.

- I tried to keep our country away from entering into a cycle of bloody internal conflicts in difficult times, realizing, after all the lean years, that the time has come for the Iraqis to have peace and a system of government based on its independent national decision.

I come from the mountains of Kurdistan, and from Samawah, the holy Karbala, Salah al-Din, Babylon, Wasit, al-Amarah and Halabja.

- I am confident that constitutional Iraq is the path for our country, and that Baghdad is civilization is the meeting place for everyone, and in it our national issues are resolved, for the strength of Baghdad is the strength of Basra, Anbar, Mosul, and the strength of Kurdistan.

- We succeeded in overcoming many problems and challenges, and we were able to start in Iraq from an address of conflict to an address for the convergence of the countries and peoples of the region, and we will proceed on this path and will not deviate from it and will not back down.

- The new parliament came with early elections in response to a popular youth movement that came against the background of a general feeling of grievances and the urgent need for a rule based on the will of the Iraqis without value, guardianship or interference, and for the people to be their own master.

The expected role of the new House of Representatives is that it must be a free parliament and a true representative of the people's will and aspirations.

Our youth in Basra, Nasiriyah, Najaf, Baghdad, Mosul, Sulaymaniyah, Erbil, Anbar, Kirkuk, Diwaniyah, Dohuk, Diyala and Sinjar share the same aspirations for a decent and free life.

The flaws in the system of governance must be addressed and a new political and social contract that establishes the good governance of a state with full sovereignty that protects the rights of Iraqis, guarantees its right to enforce the law and confines arms to its hands.

- The dangerous scourge of corruption that works to perpetuate itself and influence the will of the Iraqis with the money of the Iraqis requires a decisive pause..

- Fighting corruption is truly a national battle that will not fix the country's situation without winning it. It is based on striking the sources of corruption and recovering what was looted and smuggled.

We submitted a draft law on “recovering corruption proceeds” to the House of Representatives, which includes proactive and deterrent practical measures, and subsequent procedures to recover smuggled corruption funds, and we will work on its approval and implementation.

- The next stage should be the stage of constitutional amendments to items that experience has proven responsible for entrenching crises.

In response to the popular movement and the broad national consensus, the Presidency of the Republic formed an expanded committee of jurists of the Constitution, and submitted a comprehensive paper on the necessary amendments to ensure national reconciliation.

The necessity of achieving transformation in our rentier economy, protecting the Tigris and Euphrates and our natural and environmental resources, and we presented to the Council of Ministers a project to revive Mesopotamia as a national strategy in this regard.
b
*************
ARTICLE 4

Deputy, commenting on Al-Zamili's proposal: It is too early to make such promises
02/02/2022 | 10:50 AM

Member of Parliament Jamal Cougar confirmed, on Tuesday, that the proposal submitted by the First Deputy Speaker of Parliament Hakim Al-Zamili regarding deducting a financial percentage from the federal oil imports and granting it directly to the general public is premature.

Cougar said in an interview seen by / the information /, that "it is premature to make such promises, however, if the first deputy speaker of parliament wants to present this project as a representative of the largest bloc, there are three paths to submitting projects either from the government or through the President of the Republic." or Parliament and its competent committees.

He added, "The executive body has not committed to releasing the petrodollar allocations for the governorates stipulated in the budgets, so how can the next government implement this law if it is approved."
Cougar pointed out that "the economic situation is difficult despite the high oil prices."

************* 

No comments:

Post a Comment