Tuesday, February 11, 2020

TuES WOTS FEB 11 2020

TuES WOTS FEB 11 2020

Markets:
all due to start in the green 
Dow  up about 100  SNP  about ten  NDX up about 50

Asian markets closed mixed

hsi up 1.26%   Nikkei down .6%    Shanghai up .39%




Precious Metals:

GOld down slightly  1569  Silver  down a smidge .07 17.71     Copper up slightly 257    Platinum  up  972



Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1166.2000  1221.2000 1192.5000 1192.5000 1192.5000  -0.2000 06:03
 USD/VND  22873.9000  23606.9200 23237.0000 23214.2200 23237.0000  -23.3100 06:03
 USD/CNY  6.9740  6.9762 6.9835 6.9679 6.9834  -0.0093 06:17
 USD/KWD  0.3042  0.3052 0.3043 0.3038 0.3043  -0.0003 05:11
 GBP/USD  1.2936  1.2936 1.2941 1.2895 1.2913  0.0023 06:27
 USD/IRR  0.0000  0.0000 42097.5000 42097.5000 42097.5000  97.5000 00:00
 USD/IDR  13684.0000  13694.0000 13702.0000 13676.0000 13694.0000  -9.0000 06:24



Things in the News...  



basically created a search engine for faces


#Airbnb said it has suspended bookings in #Beijing until Feb. 29  
international confernces are being cancelled 
some curise ships are denying pple with chinese passports

 
Iraqi Articles:   

Head of a parliamentary bloc reveals the date for announcing the formation of Allawi's government and confirms: The !matter has been decided  


The head of the Bairaq Al-Khair bloc and member of the House of Representatives, Muhammad AlKhalidi, revealed on Monday (February 10, 2020) the date of announcing the cabinet cabinet of the .Prime Minister-designate, Mohammed Tawfiq Allawi Al-Khalidi told (Baghdad today) that "the beginning of next week may witness the announcement of the formation of the ministerial cabinet for the government of the Prime Minister-designate," noting ".that "the new government will be free from any party candidate to assume ministerial positions
He added that "there are some bankrupt parties still moving some demonstrators in order to continue the process of rejecting Muhammad Allawi, and fueling the street," noting that "the process of ".forming the Allawi government is on its way

And added that "Allawi's cabinet cabinet has been decided, and did not include any candidates for the blocs at all," noting that "the new government did not witness any rotation in the names of ministers ".in the previous government and previous governments  

On Wednesday (5 February 2020), Deputy Youssef Al-Kalabi revealed that Prime Minister-designate Muhammad Tawfiq Allawi had set a condition in exchange for agreeing to his assignment to head the .transitional government Al-Kalabi said to (Baghdad Today), "We are a group of independent deputies (23 deputies) who call ourselves the Parliamentary Correction Gathering.

The purpose of this grouping is to correct mistakes for 15 years. We met with Prime Minister-designate Muhammad Tawfiq Allawi, and we informed him that we will stand With him strongly in order to be free to choose a cabinet cabinet, from the " .qualified, independent and brave, in order to build a state and not build parties 

Al-Kalabi stressed that "any candidate by the parties from any party would have stood up against him strongly and we did not allow him to pass", stressing that "we will support Muhammad Tawfiq Allawi, in order not to allow the blocs and political parties to return to the government scene again, we will ."not allow this thing again 

He added that "Allawi told us that he did not agree to assign him to the prime minister, except in the event that freedom was given to choose the ministerial cabinet," noting that "Allawi alone will not be able to impose this condition, but if he finds someone who stands with him and supports him, he will be able, especially We have seen Allawi's sincere intention for the new government to be strong and " .independent  


Bahaa Al-Araji: The Shiites will be less than 50% in the next parliament
Former Deputy Prime Minister Bahaa Al-Araji confirmed, on Monday, that the percentage of the Shiite component in parliament will drop below 50% in the next parliament.
Al-Araji said in a televised statement, followed by "Al-Akhbaria", that "the Shiite blocs in Parliament will be less than 50% in the next parliament."
Al-Araji added, "The Sunni and Kurdish constituents will not give up their interests with the government of Muhammad Allawi, whatever happens," noting that "the Kurds will not give their opinion of any government until their interests are guaranteed."
Al-Araji continued, "Allawi will not respond to any pressure exerted by the blocs on him, and the United States has no problem with assigning Allawi."

Sadr "loses" another round .. and Nasserism is preparing to announce the "Charter of the Revolution"

Against the backdrop of the violence that affected the demonstrators since the beginning of February, and which accuses the Sadrist movement leader and his supporters of responsibility for most of them, Muqtada al-Sadr’s popularity has declined , while the movement is trying to restore it after the harsh blow to the reputation of the cleric who issues himself as an advocate of protests and a peace advocate .
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The "charter" announced by Sadr sparked controversy among the demonstrators, amid refusal and sharp criticism of the leader of the Sadrist movement
The "Al-Khaima" meeting on Friday night, February 7, between a group of demonstrators and the representative of al-Sadr (Abu Doaa al-Issawi), which paved the way for the announcement of al-Sadr, what was known as the "reform revolution charter", sparked a wave of controversy and rejection among the demonstrators. 

Activist in the Baghdad demonstrations, Haider Falih, told "Ultra Iraq", "The meeting that was held with the representative of Al-Sadr, the results of which do not represent the demonstration arenas, because they want to cover up the attacks on the demonstrators in Baghdad, Babel, Karbala, and Najaf."
He added, "The denunciation of Marjaiya for these attacks prompted Al-Sadr to withdraw the blue hats owners from the pretending arenas," stressing that the "Charter that was announced does not apply to us but to his followers and supporters."
For his part, Abbas Abd, a protester from Sadr City, sees in Tahrir Square the necessity of "adherence to the provisions of the Charter that Sadr announced recently, as it aims to perpetuate the revolution and victory for the sacrifices of youth and reform."
Abbas told "Ultra Iraq" that "Sadr is paying his defense tax for peaceful demonstrators, through an attack launched by the electronic armies of the corrupt parties, which will be harmed by the reform and the success of the revolution."
On the other hand, the activist in Basra Governorate, Hazem Bahloul, told "Ultra Iraq", that "the awareness of the youth was created by the unfortunate events that the country went through, and therefore cannot be driven by force, or the free voices are silenced by tweeting, or demonizing the media with paid and external funding."
He added, "The refusal to obey the directions of Al-Sadr, who turned against the demonstrators, after he included the position of prime minister, constituted a strong blow for the bettors to break up the demonstrations, even using force, in order to complete the power-sharing project." 
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Protesters say that the outputs of Sadr's representative meeting with some protesters in Tahrir Square are not representative of the protests 
And Bahloul said, "The charter recently announced by Sadr, or the results of the meeting held in Tahrir Square, with his representative, do not represent us in Basra Governorate," stressing that "dozens of victims have fallen due to the violence practiced by blue hats owners against demonstrators, the depth of the dispute between Al-Sadr and his followers on the one hand and the street on the other hand.

Sadr, who has been in Iran for several months, posted a tweet on Saturday, February 8th, consisting of 15 points, which he dubbed the "Reform Revolution Charter". And the most prominent points mentioned by Al-Sadr stipulated the withdrawal of the "blue hats" and the handing over of the file of demonstrators' protection to the security forces.
"These moves represent a retreat in the positions of Sadr, through whom he tried to abort the demonstrations by force, but he realized that he was unable to do so as a result of the continuing momentum of the protests despite the violence and killing that he practiced against them," political analyst Mahmoud Rostom said in a press interview.
Rustam notes that "Al-Sadr was forced to retreat from his hard-line stances towards the protests after the harsh criticism of the Supreme Shia cleric, Ayatollah Ali al-Sistani."
On Friday, religious authority Ali al-Sistani condemned the violence that claimed the lives of protesters in the southern city of Najaf, and said that any new Iraqi government should gain the trust and support of the people.
While the protester in Al-Haboubi Square, in the center of Nasiriyah, the center of Dhi Qar Governorate, Hussein Abdul Amir, believes that Sadr's continuous attempts to dominate the protest squares "have completely failed, and everyone has become with a high level of awareness and awareness of what Sadr wants, in cooperation with the corrupt parties."
Abdul Amir says to "Ultra Iraq", that "Al-Sadr leads a strict religious movement and is not a democratic movement, therefore imposing wills, and demonizing demonstrations by him, is rejected," stressing that "there is a charter that will be issued by signing all the protest arenas in Iraq, in response to the charter that Declared by al-Sadr. "
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The demonstrators of Nasiriyah are preparing to declare a "charter" expressing protests in response to Muqtada al-Sadr
The activist stressed, "The breaking of the sit-ins is only possible by achieving the demands for which the demonstrators came out and gave them blood," explaining that among those demands "accountability of the killers of the demonstrators, including the leader of the Sadrist movement and his supporters, and the holding of early parliamentary elections, according to a new law on the scale of The country, the revolution, and the new generation, not the sizes of political parties and blocs. "

Deutsche Bank arranges first IDR Sustainable Development Notes

Investors with ESG mandates are rallying to support development banks with clear strategic priorities linked to Sustainable Development Goals

 
DEUTSCHE Bank AG announced February 10 that it has successfully launched the first Sustainable Development Note in Indonesian Rupiah (IDR) for issuer Inter-American Development Bank (IDB or IADB), rated Aaa/AAA (Moody’s/S&P).
IDB raised the equivalent of US$100 million by pricing the Sustainable Development Notes denominated in IDR, with a three-year maturity and an annual coupon of 5.50%.
Proceeds of the Sustainable Development Notes will support IDB’s strategic priorities to reduce poverty and inequality in Latin America and the Caribbean by promoting economic and social development in a sustainable, climate friendly way. Each strategic priority of IDB aligns to at least one of the United Nations Sustainable Development Goals (SDGs).
This is the first time Deutsche Bank has priced Sustainable Development Notes in an Asian local currency.
Deutsche Bank’s head of Asia Local Markets Trading and Solutions, Ashok Das says: “The offer was very well received by real money investors in the US, Europe and Asia-Pacific where there is continued demand for investments in the environmental, social and governance (ESG) theme.”
“Investors with ESG mandates are rallying to support development banks with clear strategic priorities linked to Sustainable Development Goals,” Das adds. “With demand strong and attractive pricing terms, it’s a good time for development banks to finance.”
The Notes support the United Nation’s Sustainable Development Goals linked to IDB’s mission which focuses on three challenges involving social inclusion and equality (SDGs 1,2,3,4,6, 10), productivity and innovation (SDGs 4, 7, 8, 9) and economic integration (SDGs 8,9,17).

BANKS/BANKING/CREDIT  

How to take the first step to financial independence in 30 minutes or less
Taking the first step to financial independence means knowing your net worth, which is not as complicated as it sounds: it's assets minus liabilities.

Read in CNBC: https://apple.news/AN_ob6NgySoGN3DoaOUO8Xw 
KEY POINTS
  • Financial assets include cash, cars, houses, retirement accounts, investment properties and other valuables, like art and jewelry.
  • Financial liabilities are long term debt, mortgages, student loans, credit card balances, and other personal loans.
  • Saving, budgeting and spending decisions should be based on knowing your net worth.
Digital Banking Platform Majority Introduces Products for US Customers, Following Four Months of Beta Testing
Majority, a digital banking platform focused on serving immigrant communities, recently introduced its products to US customers, following a four-month beta testing period. In order to expand its existing business operations, Majority says it remains focused on two major drivers: physical meetup spaces and brand... Read More The post Digital Banking Platform Majority Introduces Products for US Customers, Following Four Months of Beta Testing appeared first on Crowdfund Insider.

Read in Crowdfund Insider: https://apple.news/AWjIVkBL-MMiZZW1j88H-rg  

With the digital banking platform’s public launch, Majority says it will continue to incorporate new features, such as the ability to make early direct deposits and the options to transfer money into a Majority account from an external account. Larsson told Bank Innovation that Majority’s first physical meetup space will be introduced this month in Houston, Texas.

The Dollar Is Still King
Once again the US appears to be diverging from the world. Europe cannot get out of its own way, and the real sector data have not confirmed the improvement in sentiment indicators. There is little doubt that the Japanese economy contracted in Q4 '19, but the recovery spurred by the government's stimulus and preparations for the Olympics may not be sufficient to pave way for a strong rebound in Q1 '20.

Read in Seeking Alpha: https://apple.news/AmpM6L96aMtSuVygsgJTLOw  



CBI, ISX,Dinar Guru:
 
CBI Update:
 
 
Click on the link above for the latest update.

The CBI for Tuesday Feb 11th  rate is 1190.
The currency auction total sales amount $21,950,000.   


ISX Update:   At my last checking 
 ended in RED

Shares Traded:  857,902,252  
Value Traded:  842,788,327 


Dinar Guru Chatter:
 

2-11-2020   Intel Guru Frank26   Question [Once this happens  - Please explain the strategy of putting money into the Iraqi satellite banks here in the United States versus a U.S. non-satellite bank.]  ...I think it depends on how many dinars you have.  I think that's the best answer I can give you on this question...If I go to an American bank and I say here's a million dinars and we converted into a million American dollars and it stays in that bank I pay the taxes on that capital gain right there.  And then I go to one of the [CBI] satellite banks like one up in Dearborn Michigan maybe and there I could say to the satellite Dearborn bank let me convert half a million into American dollars.  I'll leave it here or transfer it to my American bank...do you want to pay taxes now?  Then just go to an American bank.  If you don't want to pay tax on everything and let's say you want to cash in half a million of your dinar and convert them into American dollars.  You pay taxes on it now and the other half a million I want to leave them in dinars.  So you leave it in the satellite bank because they'll stay that way...this is all in my opinion.  You have to make your own decisions...[Speak with your financial adviser and tax professional at the appropriate time.]
2-10-2020   Intel Guru Okie_Oil_Man   Its my understanding this is not a taxable event. [Consult your tax professional at the appropriate time.]

2-10-2020   Intel Guru Frank26  Question [Have (Guru) Walkingstick's banks received instruction on which day to distribute the new small category notes?]  IMO...Oh yeah! ...I have told you it's a schedule and the authority to launch that date has to come from the CBI.  So do they have the date?  I don't know.  I know they have time-frames...

2-10-2020   Intel Guru RayRen98  SUPPOSEDLY - THE CBI MET WITH ALL THE BANKS, INFORMED THEM OF THE ENTIRE (DETAILED) RV PROCESS - FROM START TO FINISH, AND ARE PREPARING TO ANNOUNCE THE SAME TO THE CITIZENS...TIME WILL TELL

2-10-2020   Intel Guru MarkZ   Very busy weekend for everybody…  Bankers... sources are squarely looking at tomorrow for something to break loose and spendable dollars by Wednesday right now. I am also hopeful that they are correct. In Iraq- Allowi is fully in control…my folks over there are just tickled at how things are shaping up.  Sadr is out and heading off to Iran. I have not seen those guys over there this excited in a long time.

2-10-2020  Intel Guru Okie_Oil_Man  [Do we have to have receipts where we purchased our currency?]   You do not have to bring proof of purchase…just bring your currency. People are complicating what should be a simple appointment. If you have currency they will not ask you where you got it…they will just redeem it.

2-10-2020   Newshound/Intel Guru Mnt Goat   Article:  "MUHAMMAD TAWFIQ ALLAWI TO ADDRESS THE 20202 FISCAL DEFICIT"  Quote:  "AFTER THE PARLIAMENT VOTES BY AN ABSOLUTE MAJORITY OF THE MEMBERS OF THE NEW GOVERNMENT AND THE MINISTERIAL PLATFORM, THE ALLAWI GOVERNMENT CAN DISCUSS THE BUDGET AND SEND IT TO THE PARLIAMENT."   this article is telling us that Allawi’s new government must be formed and ratified by parliament before the new budget can be sent over to them. This is why Allawi must work quickly to form his new cabinet. Also they tell us he does not like the large deficit and so he is going to first address it too before sending it over.

2-10-2020   Intel Guru Frank26  ...last Thursday members of the CBI elite and the Minister of Finance...met with the banks of Iraq.  All the banks of Iraq.  All the lending institutions that deal with money. I talked with [Guru] Walkingstick...and I said were you guys there?  He said yeah.  'My firm was there...they laid it out completely. The whole roadmap for the redenomination, for the revaluation, the recalculating and for what they're about to do.  The reinstatement of their currency'...they laid it all out.  This is what we've done. This is where we're at.  This is how many times we postponed it.  This is why we're about to do it now.  This is what we're gonna do.  These are our benchmarks at every point along the way.  This is what we've accomplished...they talked about timeframes on their currency reform.  It was laid out from the very beginning of the Monetary reform all the way to the end.  And the end is now...the CBI is about to speak to the citizens of Iraq and they're going to share all of this information that they have...

2-10-2020   Guest Guru TexasSnake   My intel is similar  [reference Guru Okie_Oil_Man post 2-9-2020]…. My senior banker source at WF who is in charge of Exchange centers for 5 states including Texas... He is in charge of training for employees on Wells Fargo and specialists with Abbot Downing investment banking branch...He feels very confident that late today or early tomorrow we may get our emails from Wells Fargo and 800 numbers for a start on Tuesday.



 Catnip's Corner: 

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ARTICLE 1 (from PM Mahdi's website; posted only on Arabic side, not on English side)

At the time this report was submitted, there are no new articles posted on PM Mahdi's website.

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ARTICLE 2 (from Government of Iraq twitter account)

Follow our series #DedicatedToService on Instagram and meet Iraqis who, despite the challenges, are making a difference serving our communities and delivering key services to fellow citizens.

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ARTICLE 3

Deputy for the Kurdish blocs: Allawi met with 15 representatives of the Kurdish blocs except for the representatives of the two ruling parties and assured us that his government will be outside the political process

10/2/2020 15:43 
[Follow-up]
The deputy of the Kurdistan Islamic Group, Ahmed Haji Rashid, revealed the details of the meeting of the Prime Minister-designate, Muhammad Tawfiq Allawi, with the Kurdish blocs.

Haji Rashid said, in a statement to official media, today, that "Prime Minister-designate Muhammad Tawfiq Allawi, met with 15 representatives of the Kurdish blocs except for the representatives of the two ruling parties yesterday in the capital Baghdad, to discuss the formation of the next government and provide support for it," noting that " Allawi stressed during the meeting that he will form a government of technocrats and will work to appoint ministers outside the political process.

He added that "Allawi has set two conditions for appointing his ministers, the first of which is to be honest and the second to be efficient." He stressed that "the Kurdish blocs did not address during the meeting the issue of offering a candidate, since the conditions that Allawi set are the most appropriate to choose ministers and carry out his governmental duties without restrictions."

He explained that "Allawi stressed during the meeting to fight corruption and work on the principle of transparency and make the issue of services one of the main factors for his cabinet," pointing out that "the Kurdish blocs confirmed the support of these steps to the Prime Minister-designate, in order to make the next government successful."

He continued by saying that "the Kurdish blocs represented by representatives of the Islamic Group, the Islamic Union, the Change Movement and the new generation, presented to the Prime Minister-designate their demands and stressed the importance of removing the issue of the salaries of the region's employees from political issues, as well as touching on the issue of crops and benefits of farmers and basic services," noting that "President The assigned ministers expressed their positive cooperation with these demands. "

The representative of the regional government in Baghdad, revealed earlier, a forthcoming visit of the Prime Minister-designate, Mohammed Tawfiq Allawi, to the region to discuss the formation of the new government.
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ARTICLE 4

IRAQ TURNS TO CHINA'S 'BELT AND ROAD,' CHALLENGING U.S. DOMINANCE IN MIDDLE EAST
The Washington Times - Sunday, February 9, 2020
China’s path to economic dominance in the 21st century runs directly through the Middle East, with Beijing banking on forging multibillion-dollar partnerships with Iraq, Pakistan and even war-torn Syria to provide fuel in its quest to supplant the U.S. as the world’s top power.
Iraq’s unexpected announcement last fall that it intends to join Beijing’s massive Belt and Road Initiative, analysts say, is just one example of China’s rapidly growing economic footprint in the Middle East.
China views the region as fertile soil for investments in water systems, roads, bridges, electrical grids and other key pieces of infrastructure that have either never been fully developed or have been badly degraded by decades of war.
China has poured about $24 billion into Iraq since 2005, and the vast majority of that is in energy projects, according to the China Global Investment Tracker, a project of the American Enterprise Institute and The Heritage Foundation.
Across the Middle East and North Africa, China has invested roughly $200 billion over the past 15 years. That number is expected to grow exponentially over the next decade as the Belt.
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ARTICLE 5

How does coffee affect the human body?

10/2/2020 15:39 
[Follow-up]

Coffee is spread year after year and in different parts of the world and between adults and children alike, although there are some restrictions that must be known.

Elisabit Tikhonova, a Russian nutritional expert for coffee and tea, said in an interview with Sputnik Radio, that drinking coffee in moderation does not cause any harm to the body, because it does not contain toxic substances at all. But since the caffeine in coffee has an effect on many processes in the body, it is best not to allow children to drink coffee.

Tikhonova adds the calories for a sugar-free coffee cup, milk and more, almost zero. But under the influence of caffeine, one feels getting a new energy when drinking a cup of coffee. And she says, "The effect of coffee on the body is stronger than the effect of tea. If the effect of the latter lasts 8 hours, then the effect of coffee lasts only two hours but with a stronger degree. Therefore, it is best not to allow children to drink coffee. One cup contains 8 grams of coffee, and this amount Sufficient to stimulate the body, as the heart and brain work within two hours actively. The effect of caffeine on the young body is stronger, so it must be avoided because its effects may appear in the future. Generally, the body does not get coffee from calories, but only on caffeine, that is, the body is activated, Without additional energy. "

"During the war, people used to drink coffee as a porridge," the expert says. "Because coffee beans contain the necessary nutrients. But after roasting, the vitamins are lost except for the B group of vitamins. The coffee also helps absorb vitamin С. In addition to the coffee contains important nutrients." For body cells. "
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