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TNT
CandyKisses:
Because of the collapse of electricity. Massive demonstrations expected in the coming hours – urgent
Baghdad Today – Baghdad
Today, Saturday (July 29, 2023), the American newspaper Barons expected popular “demonstrations” in Iraqi cities during the next few hours, in the event of continued power outages in Iraq.
The newspaper said through a report translated by (Baghdad Today), that the Iraqi Ministry of Electricity officially announced a complete power outage in Iraqi cities during the day Saturday at twelve o’clock in the afternoon, as a result of a fire hit a power A transmission station in Basra province, promising to “repair faults and restore power” within hours.
The newspaper pointed out that Iraqi families suffer from continuous power outages of up to ten hours a day in normal circumstances, as some families rely on private generators to compensate for the lack of energy, which is not available to a large part of them because of Their high cost, according to their description.
The newspaper expected “popular demonstrations” in the event of continued power outages in the country during the next few hours, stressing that temperatures in Baghdad and the cities of the south reach about fifty degrees Celsius, which contributes to an increase in popular tension.
Earlier in the day, the Ministry of Electricity confirmed the gradual improvement of the production and loads of the national system, with the reconnection of transmission lines.
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The media office of the ministry said, in a statement received by “Baghdad Today”, that “the electrical system continues to gradually improve its loads and production after resuming the operation of its generating units, and connecting the power transmission lines that were disconnected due to emergency technical accidents that caused the electricity to go out.”
And she indicated that “efforts are now mobilized at the National Control Center, and the areas are being re-equipped successively with electricity, after isolating the places of emergency accidents.”
Since this afternoon, the national system has witnessed technical accidents represented by the burning of Al-Bakr station in Basra, as well as the bombing of three transmission towers in Salah Al-Din, which led to the collapse of the electricity system in all governorates of central and southern Iraq.
Exceeds 50 degrees Celsius. Iraq promised a very hot wave from Monday
{Local: Al-Furat News} Weather forecaster Sadiq Attia announced this evening, Saturday, that the country is on a date with a very hot wave starting from Monday and continuing until the end of the week.
LilFish:
50 celsius is 122 fahrenheit, whew!
Tishwash:
Revealed the consequences.. The Associated Press: The power outage in Iraq is “deliberate.”
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On Saturday evening (July 29, 2023), the Associated Press announced that the fire and explosions that hit the country’s electric power system were “deliberate,” revealing the “continuing” consequences of the power outage.
The agency said in its report, which was translated by “Baghdad Today,” that the fire that broke out at the Al-Bakr power station in Basra Governorate for power transmission, which was declared an accident by the Iraqi Ministry of Electricity, coincided with the explosions of power transmission towers in the Haditha region, west of the country.
And she emphasized that “the two accidents caused the Iraqi cities, especially in the center and south, to lose electricity completely after it was cut off from both sides.”
And she continued, “Although the Iraqi authorities announced that the fire was accidental, they also announced the opening of an investigation into the two incidents,” noting that there are reports that the aforementioned acts of vandalism were intended to occur.
The agency also confirmed that the complete power outage in Iraqi cities led to “sequential effects”, the most important of which was the cessation of water supply for homes as a result of the water plants losing the energy necessary to operate their equipment, noting that maintenance work may require a longer time given the damage to the network from two sides. link
CandyKisses:
Parliamentary Committee: Foreign workers transfer 300 million dollars a month to their countries
Information / Baghdad..
The Parliamentary Labor and Social Affairs Committee revealed, on Saturday, that quick measures had been taken to determine the transfers of foreign workers with the governor of the Central Bank.
The deputy head of the committee, Hussein Arab, said in an interview with Al-Maalouma agency that “the monthly transfer rate of this labor abroad is more than 300 million dollars per month.”
He added, “Most of the money that comes out of Iraq is legal,” noting that “measures must be taken to revive the economy and stop the depletion of hard currency as a result of the presence of foreign workers.”
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He stressed that “his committee will discuss the file of foreign workers’ remittances with the governor of the Central Bank,” noting that large numbers of foreign workers entered Iraq by illegal means and in violation of the law and controls.
A member of the Parliamentary Labor and Social Affairs Committee, Nasik Mahdi Al-Zengi, has called on the government and the competent authorities to put an end to the influx of foreign workers of various Arab and Asian nationalities, revealing that there are one million foreigners workers in the country.
Source: Dinar Recaps
Tishwash:
The dollar and electricity ignite tomorrow’s session.. Parliament complained about delaying the implementation of the budget
A member of the State of Law Coalition, MP Muhammad Al-Ziyadi, expressed, on Sunday, his discontent with the government’s failure with several files, most notably the failure to implement the budget and the failure to address the rise in dollar prices and the electricity crisis, stressing that Parliament is determined to get out of the agenda of tomorrow’s session and go to solve the crises.
Al-Ziyadi said, in a statement to Al-Maalouma, that “the representatives are determined to raise several questions inside the parliament dome, away from the paragraphs of the parliament’s agenda,” noting that “tomorrow’s session will be a heated session and a parliamentary revolution.”
He added, “The proposals that will be presented are related to not launching the budget for a moment, the issue of banks, and the seriousness of the Ministry of Finance and the Central Bank in addressing the continuing rise in the dollar exchange rate and its impact on the standard of living of citizens, as well as insisting on hosting the Minister of Finance to learn about the steps that the ministry is taking to reduce water scarcity, In addition to asking the government for what it has implemented from the government program, in addition to the hot and intractable file of electricity.
Al-Ziyadi explained that “these files are the challenges we face, and the parliamentarian must know what is going on in terms of solutions to them without limiting them to a small group of politicians and not caring about the people’s representatives,” noting that “we are not against the government, but we must know what has been achieved and what are the procedures to face the challenges of the necessary files.” Foremost among them is the issue of electricity, water scarcity, and the continued rise in the exchange rate of the dollar. End link
CandyKisses:
Economist: US Federal Reserve Behind Confidence in ‘Iraqi Dinar’ Collapse
Exclusive
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Omar Al-Halbousi, an Iraqi expert in political economy, confirmed that “the decision of the US Federal Reserve to prevent 14 Iraqi banks from dealing in dollars, raised the number of private banks banned from dealing in dollars to 18 banks.”
Speaking to Sputnik, Omar Halbusi said that this “impacted a lot on the Iraqi dinar and caused a sharp decline in its value against the dollar, deepening the gap between the real exchange rate and the exchange rate on the black market.”
He added: “In addition to this, the lack of confidence of the citizen in Iraqi banks, which made citizens reluctant to deposit their money in banks, which constituted a second crisis for the government as a result of the decrease in the monetary mass available to the Central Bank and banks, which has made the government so far unable to implement the general budget.”
Al-Halbousi pointed out that the decision of the US Federal Reserve did not come as a surprise, but was preceded by a set of warnings and recommendations made by the Federal Bank of Iraq to the need to control the work of banks, prevent dollar smuggling, and stop the money laundering process, but the Central Bank of Iraq did not succeed in that, which made the Federal Reserve take this decision, which caused confidence in the Iraqi dinar.
The economist explained that the Iraqi government and the Central Bank have not yet directly disclosed the mechanisms to correct the path and protect the Iraqi dinar for a group of reasons, most notably the inability to control speculators, and the second reason is the association of banks to punish government political parties and personalities and armed factions, which caused the Iraqi government and the Central Bank of Iraq between the hammer of the Federal Bank and the anvil of the banks, which casts a shadow on the Iraqi dinar, whose losses will deepen with the days.
Al-Halbousi pointed out that the Iraqi dinar crisis will worsen, especially there are expectations of imposing sanctions on political figures, businessmen and traders, as well as a group of banks and exchange companies, which will lead to very large losses in the value of the Iraqi dinar to exacerbate the intertwined exchange rate crisis due to international interventions as well, and this means the possibility of a new collapse of the Iraqi dinar.
Source: Dinar Recaps
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