Thurs. PM KTFA News Articles 2-3-22



Samson » February 3rd, 2022

Parliament sets next Sunday as a date for the meeting of the heads of the parliamentary blocs

02/02/2022 23:30:32

The House of Representatives has set next Sunday, February 6, as a date for the meeting of the heads of parliamentary blocs.

And the Council stated in a statement that {Euphrates News} received a copy of it that: “According to the directive of the First Deputy Speaker of Parliament, a meeting will be held under his chairmanship with the heads of the parliamentary blocs to discuss the formation of the parliamentary committees and the heads of the committees.” 

The council called for “the attendance of the heads of blocs exclusively to the constitutional hall at 12:30 p.m. next Sunday,” noting that “the meeting was held at 1:00 p.m.”  LINK

Tahoe, Land Cruiser and Blazer”… Dozens of vehicles were recovered from former officials in Babylon

3rd February, 2022

On Thursday, the Federal Integrity Commission announced the return of (59) wheels to Babil Governorate, indicating that the wheels were owned by members of the former provincial council.  

The Commission’s Investigation Department, while talking about the details of the case in which it investigated and referred it to the judiciary, stated, in a statement, “Nass” received a copy of it, (February 3, 2022), that “former members of the Babylon Provincial Council handed over a total of (59) ) Wheels whose types ranged between (Chevrolet Tahoe, Toyota Land Cruiser, Toyota Corolla, Chevrolet Blazer, Nissan Nivara, Hyundai Sonata … and others) were owed by them during their membership in the Council.”  

She continued, explaining that “the investigative procedures initiated by the staff of the Commission’s investigation office in the governorate, after the council members refused to return the wheels to the governorate after they no longer had the status of council membership, led to the Hilla Investigation Court issuing a decision to recruit them and obliging them to return them, while they, in turn, returned the wheels they owed.” in an official letter.  

On the ninth of last June, the authority announced the issuance of a summons order against the president and members of the Salah al-Din Provincial Council; On the background of the case that they investigated and referred to the judiciary regarding their refusal to return the wheels they owed after the end of their term of work in the governorate council.   LINK

The Russian ruble is the most undervalued currency in the world

3rd February, 2022

The experts of the British “Economist” magazine concluded that the Russian currency, the ruble, is the most undervalued currency in the world.

This was based on new data from the Big Mac Index. This indicator is used to determine the purchasing power parity of different countries based on the cost of a single “burger”.

The British Journal has been making these calculations since 1986, assuming that the cost of a sandwich made of different ingredients—bread, cheese, meat and vegetables—could serve as a global alternative to a basket of goods that differed from country to country.

Moreover, given the presence of the McDonald’s fast-food chain in most countries of the world, the “Big Mac Index”, according to the magazine, allows for a more equitable ratio between coins and the US dollar. At the same time, when analyzing this indicator, it is assumed that the same goods have the same price in all countries.

The magazine considers that the price of the ruble against the US dollar for the month of February 2022 is 70% undervalued. The magazine’s experts believe that the fair exchange rate of the Russian currency is 23.24 rubles to the dollar.

For comparison, the Russian currency is trading today at the level of 76.5 rubles to the dollar, according to data from the Moscow Stock Exchange website.  LINK

Source: Dinar Recaps


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