WOTS MON MAR 28 22 Washington reveals to Baghdad the details of its talks with Tehran
These are the articles I would have discussed had I done a My FX Buddies Podcast
Pessimism precedes Wednesday .. The Kurdistan Union puts the holding of the presidential election session in the category of the !impossible
A member of the Patriotic Union of Kurdistan, Giyath Surji, confirmed, on .Monday, that a parliament session cannot be held next Wednesday In an interview with (Baghdad Today), Surji said, "The session will also be doomed to failure due to the insistence of the parties to the tripartite alliance to exclude ".others
He added that "the message from the previous session is supposed to have arrived, and the guarantor third has increased the number of its members, and it is impossible to hold a session of Parliament without reaching agreements with the ".framework, the National Union and the rest of the forces that boycotted the session
Rule Of Law: The Framework Will Not Leave Iraq To The “Temperamentalists” And Its Door Is Open To Understanding
A member of the State of Law coalition, Abbas Al-Maliki, stated, on Monday, that the framework will not leave the country under the "dominance of temperaments, people with mental illnesses and external interventions," stressing that, all of its doors are open for negotiation.
Al-Maliki said in a statement to the Information Agency, "All doors are open for the tripartite alliance to join the table of understanding and negotiation to reach a single road map," noting that "the seats in the coordination framework and the tripartite alliance are close, and no party can go without the other."
He added that "any party that seeks to form a majority government without obtaining guarantees that there are a sufficient number of parliamentary seats to be passed within the House of Representatives will find failure its fate," explaining that "there is no choice in front of the trio but consensus."
He explained that "the coordinating framework cannot leave the country under the dominance of temperaments, people with mental illnesses and external interventions, while it seeks to control the country before it is too late."
The Presidency of the House of Representatives had decided, earlier, to postpone the session to choose the President of the Republic until next Wednesday, after failing to achieve a full quorum for the session.
Coordination framework: We adhere to our position on Wednesday's session and expect 137 deputies not to attend
The leaders of the coordination framework expected, on Monday, a rise in the number of boycotts of the next session of the House of Representatives in the event that the "other party" insists on not dialogue and agreeing on sound outcomes for forming the government and other benefits.
A member of the coordination framework, Aref Al-Hamami, said in a statement to the official newspaper, followed by "Nas" (March 28, 2022), that "until now, there are no understandings and there is no solution to matters, so the coordination framework adheres to its position and will not attend the parliament session next Wednesday." He expressed the hope that "there will be an understanding before the session."
He added that "if there are understandings, surely there will be a change in the situation," noting that "the number of deputies who boycotted the session to choose the president of the republic amounted to 126 deputies, according to the signatures we collected, in addition to deputies who did not attend the session and did not sign." He expected that "the number of boycotters will reach more than out of 137 deputies, and in this case, the blocking third is still in place.”
Al-Hamami denied that "there will be withdrawals from their side, but from the second party to the framework, and what is rumored about a solution to Parliament in the absence of a session to elect the President of the Republic is not true, but there are parties who took this issue as a pretext to intimidate some independents to change their position." "Parliament will continue in its regular sessions until an agreement is reached on choosing the president of the republic."
Parliament Speaker Muhammad al-Halbousi postponed the presidential election session, which was held last Saturday, to next Wednesday.
And the Media Department of the House of Representatives stated in a statement that "Nass" received a copy of it (March 26, 2022), that "the House of Representatives raises its session to next Monday."
And she added, "The Speaker of the House of Representatives has set the session for electing the President of the Republic next Wednesday."
Two experts call for the activation of anti-money laundering laws
Two experts in economic affairs stressed the inevitability of protecting and preserving the tracks of the economy, and keeping them away from all forms of manipulation that disturb performance.
Financial Control reveals important information regarding exchange rates
link
Between the former Director of the Office of Financial Supervision, Salah Nouri, today, Monday, the truth of the news that talks about the bankruptcy of the Central Bank if the exchange rates of the dollar change.
Nuri said, in a statement to / Mawazine News /, that "the bankruptcy of the Iraqi Central Bank is incorrect, due to the presence of 3 international economic reserves for it," noting that "the hard currency of the dollar, and the gold reserves whose global prices are good, and the purchase of US treasury bonds, which are of great value." High value and interest, and therefore bankruptcy is highly unlikely."
He added, "Manipulating the exchange rates of the dollar leads to an increase in imports and the exit of the currency outside the country, knowing that the dollar reserves of the Central Bank rose after changing the exchange rate of the dollar."
Al-Tamimi: Next April 6th is the last date for electing the President of the Republic
The legal expert, Ali Al-Tamimi, explained that next April 6th is the last date for the election of the president of the republic by parliament, pointing out that the court has a general authority that allows it to make decisions regarding the selection of the president.
Al-Tamimi said in a press statement, which was followed by the Independent, that “the decision of the Federal Court was clear and allowed the opening of the door for candidacy for the post of President of the Republic for one time only, and therefore the Presidency of Parliament has a period of 30 days in accordance with Article 72 II of the Iraqi Constitution from the date of March 6 to April 6, in order to During which the President of the Republic is elected in a binding manner.
He added, "After the failure to pass a candidate for the presidency of the republic on March 26, in the event that this matter is not resolved, the parliament presidency has only a few days until April 6. Article 64 of the constitution or referendum of the Federal Court.
Al-Tamimi explained, "The Federal Court has a general authority, and this authority allows it to extend the term of choosing the President of the Republic according to the circumstances, as no one can expect the Federal Court's decision, but in the event of heading towards early elections, the current government will continue to conduct daily affairs."
Iraq reveals the extent of its need for Iranian gas to generate electricity
On Monday, the Ministry of Electricity revealed its need for 45 million cubic meters of Iranian gas to generate power plants, while confirming its readiness for the upcoming summer season.
Ministry spokesman Ahmed Moussa said, in a press interview, that "there are efforts from the Ministry of Electricity in the production, transmission and distribution sector by introducing new units of work and strategic lines linking the governorates, and there are transformational stations that will enter service during the coming period."
Mousa added, "There are also great efforts in the distribution sector through the rehabilitation of networks and the introduction and development of new feeders, as well as the installation of mobile stations in some pregnancy centers."
He continued, "The Ministry of Electricity pledges to citizens that it will provide the summer of 2022 better than the summer of 2021," noting that "the ministry's plan needs financial liquidity in the absence of the state's general budget."
He pointed out that "the Ministry of Electricity needs financial liquidity in isolation from the exchange of 12/1, and the minister requested this from the Prime Minister, and the latter instructed the Ministry of Finance to provide financial liquidity, whether through advances or loans, until the approval of the general budget law for the current year."
Regarding the Iranian gas releases to Iraq, Moussa noted that “the Ministry of Electricity is seeking, with the Iranian side, to abide by the clauses of the contract and release gas according to the concluded contract, as it was declining at 8 million cubic meters, but after continuous meetings between the ministry and the Iranian side, the releases rose to 20 million cubic metres.
A spokesman for the Ministry of Electricity concluded by saying that "the ministry needs 45 million cubic meters of gas, especially, with the peak load period in the summer, and therefore there will be an urgent need for imported and local gas to generate electric power."
And the Ministry of Electricity confirmed, last week, that the Qatari gas that was discussed, which includes "supplying one and a half million tons of gas" to support the electricity system, is a complement and not a substitute for Iranian gas that is imported to operate power plants.
Iraq is holding talks with Gulf countries, led by Saudi Arabia, to import electricity from them by linking its organization with the Gulf system, after it had depended on Iran alone during the past years by importing 1200 megawatts as well as gas fuel to feed local electric power stations.
Iraq also intends to import electricity from Jordan and Turkey, in an effort from Baghdad to fill the shortage until building power stations that are able to meet local consumption.
Iraq has been suffering from a chronic electricity shortage crisis for decades as a result of the siege and successive wars. For many years, residents have protested against frequent power cuts, especially in the summer, when temperatures sometimes reach 50 degrees Celsius.
A Parliamentary Committee Decides To Host The Ministers Of Finance And Trade Next Wednesday
The Parliamentary Finance Committee directed, on Monday, to host the Ministers of Trade and Finance to discuss the Emergency Support and Food Security Law.
The media department of the House of Representatives said, in a statement received by "the information", that "the committee decided, on the sidelines of an expanded meeting of its members, to host the ministers of finance and trade next Wednesday."
She explained that "this is to discuss the financial abundance and the ration card, provided that during the next week, the ministers of finance, electricity, planning, agriculture, labor and trade, and a number of relevant officials and the governor of the Central Bank will be hosted to discuss the related files."
Washington reveals to Baghdad the details of its talks with Tehran
Today, Monday, the US special envoy for Iran, Robert Malley, revealed the details of .her talks with Tehran Mali said in a statement received (Baghdad today): "Foreign Minister Fouad Hussein met with the US Special Envoy for Iran Affairs Robert Mali, on the sidelines of his ".participation in the Doha Forum in its 20th edition
The statement continued, "During the meeting, they discussed the political and security developments in the region and their repercussions, the reality of US-Iranian relations, and ways to activate the exploratory dialogues that took place previously, and they also touched upon the ongoing negotiations in Vienna and the five ".countries + one
The minister stressed, according to the statement, "the importance of enhancing stability and introducing coordination opportunities and mechanisms, especially since Iraq follows the principle of de-escalation and the consequent interests of all parties, ".and what is reflected on security and peace in Iraq's neighborhood and the region
For his part, Robert Malley confirmed that "the course of the talks was good, and there are some other issues that are on the table," expressing his "thanks to the role ".that Iraq plays in this field
The government discloses the fate and size of Iraq's internal and external debts. They must be paid
Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, revealed today, Monday, that the government has paid many of the external and internal debts that are owed by the government, especially the internal ones that are limited to the ministries of state and the central bank, while the foreign ones are to the International Monetary Fund and .the World Bank
Saleh said, in an interview with (Baghdad Today), that "the size of the external debt amounts to 20 billion dollars or a little less, and the process of repaying it extends to 2028, and there are other debts within the (Paris Club) countries, which are before the nineties of the last century," noting that "the number of creditors They are eight countries with a value of up to 39 billion dollars, but these debts will be deducted 80% of those debts and 20% will remain, and we believe that all this amount will be ”.amortized, i.e. only the debts of the Paris Club countries
Salih added that "the external debts on Iraq amounting to 20 billion, most of them came after 2014, and they are funds to buy weapons to fight the terrorist organization ISIS and defeat it, i.e. the days of the war against terrorism in front of the internal debts. It is for the Central Bank and the Rafidain Bank, any debts ".between departments that have nothing to do with individuals "
Saleh concluded his talk about foreign debt by saying that
Iraq and Switzerland hold the first round of political consultations
Today, Monday, the Ministry of Foreign Affairs announced the holding of .the first round of political consultations between Iraq and Switzerland
The ministry said in a statement received (Baghdad today): "The first round of political consultations between the Republic of Iraq and the Swiss Confederation was ".held at the headquarters of the Swiss government building in Berne
She added that "the Iraqi side was headed by Senior Undersecretary of the Ministry, Nizar Al-Khairallah, while the Swiss side was headed by Assistant Foreign Minister for the Middle East and North Africa, Maya Tsavi, with the participation of Chargé d'Affairs, Hendrin Ali Mustafa, and the delegation accompanying the undersecretary," noting that "the two sides reviewed the most important steps taken by the two countries." In developing bilateral relations and ways to strengthen them in various fields, discussing common visions on strengthening dialogue, human rights, migration issues and humanitarian aid, as well as addressing current regional and international .issues
The statement indicated that "the Senior Undersecretary met with the Swiss Minister of State for Foreign Affairs, Livia Loy, in the presence of the Chargé d'Affairs, Hendrin Ali Mustafa, and the Assistant Foreign Minister for the Middle East and North Africa, Maya Tsavi. During the meeting, views and proposals were exchanged that help develop bilateral relations between Iraq. Switzerland, as well as regional and .international issues
Politician: Wednesday's Session Pregnant With Surprises.. The Data Tend To Be Framed
The independent politician Younis Muhammad confirmed, on Monday, that the parliament session next Wednesday is pregnant with surprises.
Muhammad said in an interview with Al-Information, that “the current data indicates that the balance tends to the coordination framework, as it is the guarantor third in the political equation, especially since the Sunni house is not united, and it takes its guarantees from the Kurdish side, not the Arab, which generated problems in this path, but in all cases Wednesday’s session will be full of surprises.”
He added, "Agreeing on names to be put forward in Wednesday's session as candidates for the posts of the presidency and ministers may be the beginning of a solution and rapprochement between the framework and the rest of the political forces, but in all cases the framework will remain the guarantor third that cannot be exceeded, especially since the quorum to pass the candidate of the President of the Republic needs 220 deputies."
He pointed out that "if there is a consensus in Wednesday's session, and this matter is not excluded, it will be the beginning of a breakthrough for the political blockage, but in any case, the next 48 hours will be the one who will decide all the options presented."
The Presidency of the House of Representatives has set next Wednesday a date to vote on a candidate for the position of President of the Republic, “
Parliamentary warning against granting the caretaker government the authority to dispose of funds (video)
Representative Muthanna al-Samarrai warned today, Monday, against giving the caretaker government the authority to dispose of money .
Al-Samarrai said during his intervention in the parliament session, and Earth News followed him, that "the current government is a caretaker government and does not have the right to dispose of the money," noting that "the Financial Management Law determined the exchange mechanism in the absence of the budget.
Al-Shabaka Center discusses reform priorities with elite analysts
The Center for Strategic Studies and Research in the Board of Trustees of the Iraqi Media Network organized, today, Monday, a dialogue seminar on the priorities of economic reform for 2022.
The seminar, which hosted the former Minister of Electricity Louay Al-Khatib, was attended by a group of specialists and economic analysts, who presented a group of Files related to how to advance the Iraqi economic reality, as well as the white paper with a set of recommendations and proposals to activate the non-oil sectors, including agriculture and taxes.
Details of a phone call between al-Sadr and Talabani
The leader of the Sadrist movement, Muqtada al-Sadr, agreed, on Monday, during a telephone conversation with Pavel Talabani, on the need to continue talks.
A statement by the National Union said, "Pavel Jalal Talabani received a phone call from the leader of the Sadrist movement, Muqtada al-Sadr."
He added, "The two sides discussed political issues related to the current Iraqi situation, efforts to form the new government, ways to address problems and obstacles facing the political process, as well as ways to get out of the political impasse."
The two sides agreed on the necessity of continuing the talks with a view to overcoming the circumstances the country is going through.
Below here is the WOTS for March 28 2022 The Word on the Street
The dollar exchange rate on the local stock exchange on Monday (March 28, 2022), according to the monitoring of specialists.
Baghdad - the stock exchange
147,100
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The price is in most Baghdad exchanges
146,500
147,500
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Sulaymaniyah - Bursa
147,150
-------------------------
Basra - Bursa
147,300
-------------------------
Erbil - Bursa
147,075
-------------------------
Mosul - Bursa
147,150
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Two experts call for the activation of anti-money laundering laws
Two experts in economic affairs stressed the inevitability of protecting and preserving the tracks of the economy, and keeping them away from all forms of manipulation that disturb performance.
Al-Tamimi: Next April 6th is the last date for electing the President of the Republic
The legal expert, Ali Al-Tamimi, explained that next April 6th is the last date for the election of the president of the republic by parliament, pointing out that the court has a general authority that allows it to make decisions regarding the selection of the president.
Al-Tamimi said in a press statement, which was followed by the Independent, that “the decision of the Federal Court was clear and allowed the opening of the door for candidacy for the post of President of the Republic for one time only, and therefore the Presidency of Parliament has a period of 30 days in accordance with Article 72 II of the Iraqi Constitution from the date of March 6 to April 6, in order to During which the President of the Republic is elected in a binding manner.
He added, "After the failure to pass a candidate for the presidency of the republic on March 26, in the event that this matter is not resolved, the parliament presidency has only a few days until April 6. Article 64 of the constitution or referendum of the Federal Court.
Al-Tamimi explained, "The Federal Court has a general authority, and this authority allows it to extend the term of choosing the President of the Republic according to the circumstances, as no one can expect the Federal Court's decision, but in the event of heading towards early elections, the current government will continue to conduct daily affairs."
Investors flock to US stocks as the best haven in the world
Investors are scrambling to search for a safe haven, amid increasing risks, due to the war in Ukraine, high interest rates, and the global recession, and they have found what they want in the American stock market, especially the major companies.
The "Standard & Poor's 500" index rose more than 8%, during the past two weeks, to compensate for all its losses, since the Russian invasion on February 24, at the same time, the "Nasdaq 100" index, which includes technology companies, rose by nearly 11% during the same period. .
Companies continue to record strong profits, and performance expectations are improving, amid expectations of continued gains, despite the myriad risks to global stocks.
The war caused a sharp rise in the prices of basic commodities, which led to the escalation of inflation, which was already high, to reach its highest level in four decades, and this comes amid the repercussions of sanctions imposed on Moscow on the growth of the global economy, and the risks of recession are also increasing in the United States, Parts of the Treasury yield curve inverted as the Federal Reserve began a new monetary tightening cycle.
It remains puzzling that the world's largest stock markets have not collapsed, with the STOXX Europe 600 index holding steady, since the Russian invasion of Ukraine. While the MSCI AC Asia Pacific index fell a little more than 3% during that period, while the Nasdaq Golden Dragon China lost about 7.5%, largely due to concerns Slowing growth, and the risk of de-listing of Chinese companies from US stock exchanges.
It seems that US stocks have become the preferred option for global investors at the present time, especially when compared with bonds, as the return on global government debt weighted by global GDP weights approaches the worst performance in a year since 1949, according to “Bank of America” ".
CBI Update: Just a note:
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