Shafaq News/ A medical source reported that the death toll from the massive fire that is still devouring a center for the isolation of people infected with Corona virus in the city of Nasiriyah, the center of Dhi Qar governorate, has risen.
The source told Shafaq News Agency, that at least 36 people were killed and their bodies charred as a result of the fire, in addition to dozens of others suffering burns and cases of suffocation in the Al-Shifa Center fire at Al-Hussein Teaching Hospital in Nasiriyah.
The medical source suggested that the death toll would exceed 50 as a result of the fire, noting that the fate of dozens of patients and their companions is still unknown.
For his part, a security source told Shafaq News Agency, “3 oxygen cylinders exploded inside the center as a result of the fire.”
A source in the Civil Defense also reported that explosions continued in the hospital, caused by oxygen cylinders and refrigeration equipment.
Civil defense teams and medical personnel in Dhi Qar entered a state of alert to contain the fire and treat the wounded, among the patients’ families gathering in front of the hospital.
The Director General of Civil Defense, Major General Kazem Bohan, also went to Nasiriyah.
Usually, Corona virus isolation centers contain a lot of oxygen cylinders, which cause huge explosions if the fire reaches them.
And last April, a similar massive fire occurred at Ibn Al-Khatib Hospital in Baghdad, which treats patients with the Corona virus, as a result of an oxygen cylinder explosion.
According to the Iraqi Ministry of Interior, the accident left 82 people dead and 110 wounded, but the Human Rights Commission (officially linked to Parliament) said that the fire left 130 people dead.
Baghdad / Obelisk: A report issued by the British oil company BP for the month of July 2021, clarified the largest oil countries in the world with the most production during 2020, while noting that Iraq came fifth among these countries.
The report stated that the United States came first as the largest producer of crude oil and condensate, with a production of 16.476 million barrels per day in 2020, and the United States maintained the lead despite a 3.5% decrease in production from 2019.
The report added that the shale oil boom in the United States contributed towards boosting American crude production to exceed 16 million barrels per day, after it was 7.6 million barrels per day in 2010.
He added that Saudi Arabia came second, with a total production of 11.039 million barrels per day of oil last year, which was 6.7% lower than the levels of the previous year.
He added that Russia came third on the list, as Russia’s total production of crude oil and condensate last year amounted to 10.667 million barrels per day.
Canada came fourth with production of 5.135 million barrels per day, followed by Iraq with production of 4.114 million barrels per day, then China came sixth with 3.901 million barrels per day, the UAE seventh with production of 3.657 million barrels per day, Iran eighth with production of 3.084 million barrels per day, Brazil ninth with production of 3.026 million barrels per day and Kuwait Tenth, with a production of 2.686 million barrels per day.
The report indicated that Saudi Arabia remains the first in the Middle East without a competitor, and then Iraq comes, followed by the UAE, according to BP estimates issued in July 2021.
Norway topped the list in Europe with a production of 2.001 million barrels per day of crude oil and condensate in 2020, followed by the United Kingdom and then Italy.
Among North American countries, the United States leads, while Brazil tops the list for countries in the Central and South American region.
Baghdad / Obelisk: Iraq is witnessing a severe financial crisis that began with the outbreak of the Corona virus last year and the decline in global demand for oil, which represents nearly 91% of Iraq’s financial imports.
With the continuation of the financial crisis and the failure to pay the salaries of employees last year, the government resorted to what was called the Iraqi government reform paper (the white paper), which included the devaluation of the Iraqi dinar against the US dollar, and the decision entered into force at the beginning of this year.
With the rise in oil prices globally, the Iraqi government has been thinking about long-term financial strategies that may protect the country from falling into a financial crisis that may be more influential. One of these strategies was put forward by the economic advisor to the Prime Minister, Mazhar Muhammad Salih, and is represented in deleting 3 zeros from the Iraqi currency, Without specifying a date for the implementation of this step.
In every economic equation, the ratio of profit and loss is calculated, which is indicated by the economist Hammam Al-Shamma that this ratio will not be equally present in the equation, warning of psychological disturbances in the Iraqi market in the event of deleting zeros.
In contrast to the losing party, Al-Shammaa believes that the government may derive limited benefits from deleting zeros, which is that the government and the central bank will face fewer problems in the accounting system and final accounts with limited zeros and small accounting numbers.
On Sunday, June 20, 2021, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, set two conditions for deleting 3 zeros from the currency, while stressing that the option to delete is proposed as part of the strategies for reforming the currency and cash payments system in Iraq.
Saleh told the Obelisk, “The Central Bank of Iraq developed a project to delete three zeros from the Iraqi currency in order to reform the cash payments system, which has become burdened with the insomnia of the economic blockade imposed in the nineties of the last century, and put it into research and study long ago, after looking at about 54 An international experience from the end of the Second World War until the second decade of the twenty-first century, which took place in various countries of the world, in which the monetary payment systems were reformed and made to work more efficiently, the last of which was the Islamic Republic of Iran and before that, Turkey.
He added that “the phenomenon of increasing zeros in the monetary unit or adding zeros to a single monetary unit usually comes due to the exposure of economies to unruly waves of inflation or continuous sharp rises for years in the price level due to wars, sieges and conflicts, which lead to financing the deficit of government budgets through cash issuance.” .
And because the price means the value of goods and services expressed in cash, the continuous rise in prices without stopping leads to the erosion of the value of the monetary unit, which requires the issuance of larger monetary categories due to the lack of value of the smaller monetary groups and the disappearance of their ability to cover transactions and exchanges of high monetary value in the market.
He continued, “Accordingly, the monetary value of things or tangible assets and others inflates, and when inflation ends, according to which prices have increased to three decimal places, or more or less, according to the nature of each economy, countries resort to reducing the artificial reproduction in numbers, especially in the numbers of accounts books, budgets and various numbers of tools Accountability, after two conditions are met.
He continued, “The first condition is price stability and global economic growth, and the second is appropriate stability in political life, so the importance of deleting zeros from the currency and slimming currency units as a necessary condition for reducing accounting numbers and facilitating arithmetic handling and the cost of managing new large numbers and the absence of small numbers and fractions, as it is noted that slimming currencies Cash comes because of its role in the sustainability of calculating huge numbers of financial values that are not absorbed by ordinary computers due to the large number of decimal places and the emergence of many accounting errors, especially dealing in trillions, which means that one number in front of it has 12 decimal places.
Saleh believed that “the hyperinflation that hit the Iraqi economy in the nineties of the last century added three numbers to the Iraqi monetary unit (that is, one dinar became equal to a thousand dinars, and ten dinars became ten thousand dinars, and so on for the rest of the categories), while the small categories disappeared from circulation completely, but rather Every 250 fils became equal to 250 dinars, and it was considered the smallest monetary unit in circulation today, which raised the cost of micro-transactions that mostly affect the poor.
He added, “In this way, monetary systems aspire to remove the burden of historical inflation from the folds of the monetary unit by resorting to deleting three zeros from the old currency in order to equalize the new currency with lower numbers but with the same value. Let’s say, for example, that one new dinar is equal to 1000 old dinars without change in value or rights. The accounting books, statistics, numbers and computer systems are also modified with the value of the new currency within an easy and easy reform strategy, and countries consider that slimming the currency system facilitates the circulation of mathematical numbers and helps to issue smaller cash denominations for very small transactions whose monetary values have been destroyed by historical inflation in our country such as the dirham and others.
He concluded by saying, “The project to delete zeros in Iraq is still technically prepared by the Central Bank of Iraq, which is the official sectoral authority and the monetary authority concerned with this matter and in cooperation with all three state agencies and authorities, but the project is postponed at the present time until the appropriate conditions are achieved and remains part of the currency system reform strategies. and cash payments in Iraq.
The House of Representatives changed its agenda for its session scheduled for tomorrow, Tuesday.
According to a copy of the table, “Nass” received a copy of it, (12 July 2021), that the House of Representatives deleted the paragraph of interrogating the Minister of Finance, and discussing the Child Protection Law from its agenda.
The House of Representatives announced, today, Monday, the agenda for its session for tomorrow, Tuesday.
A document issued by the Council, a copy of which was received by “People” (July 12, 2021), stated that Parliament intends to question the Minister of Finance in tomorrow’s session, as well as vote on a number of proposals, report and discuss draft laws, before an amendment is made to the table and deleted. two paragraphs.
A document issued by the Council of Ministers for the decision to activate the National Oil Company. The document clarifies the decision of the Council of Ministers to activate the National Oil Company, which will include all oil companies in Iraq. The council, headed by Prime Minister Mustafa Al-Kazemi, decided to contract with former Oil Minister Thamer Al-Ghadban to work as an expert for the company’s board of directors. The document adds that the Undersecretary of the Ministry of Planning, Maher Hammad Johan, and the First Undersecretary of the Director General of the Basra Oil Company are assigned to work as a member of the National Oil Company’s management. It also refers to the selection of the Director-General of the North Oil Company to membership in the Board of Directors of the National Oil Company.
Baghdad, 12th July, WAM/The Permanent Representative of Iraq to the United Nations discussed overcoming obstacles to his country’s accession to the World Trade Organization.
A spokesman for the Iraqi Foreign Ministry, Ahmed Al-Sahhaf, said in a statement that the Permanent Representative of the Republic of Iraq to the United Nations Office in Geneva, Abdul Karim Hashim Mustafa, met the Deputy Director-General of the World Trade Organization, Chinese Ambassador Zhang Xiangchen, and discussed ways to activate the file of Iraq’s accession to the organization.
The meeting stressed the importance of continuing work on the completion of technical documents to complete the requirements for accession, and to overcome obstacles and challenges facing the accession process.