Markets:
Asian closed mixed Nik down another 2% HSI closed up slight .3% and Shanghai up .1%
ours all due to start in the red
dow is down to 26588 326 to star sp down 1.21% all about 1%
Precious Metals:
Gold is hsowing up today at 1650 Silver up 18.09 Copper showing down at 255 Platinum showing up at 917
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1166.4000 |  1221.2000 | 1192.7000 | 1191.6000 | 1192.7000 | -0.3000 | 06:22 |
| USD/VND | 22875.7600 | 23606.6400 | 23216.3600 | 23210.6400 | 23210.6400 | 8.8800 | 06:07 |
| USD/CNY | 7.0064 | 7.0084 | 7.0414 | 7.0065 | 7.0379 | -0.0334 | 06:31 |
| USD/KWD | 0.3057 | 0.3067 | 0.3062 | 0.3058 | 0.3061 | 0.0000 | 06:26 |
| GBP/USD |  1.2883 | 1.2883 | 1.2946 | 1.2860 | 1.2899 | -0.0016 | 06:34 |
| USD/IRR | 0.0000 | 0.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 97.5000 | 00:00 |
| USD/IDR | 14133.0000 | 14133.0000 | 14150.0000 | 13903.0000 | 13946.0000 | 191.0000 | 06:34 |
Things in the News...
YELLEN: Could throw economy into recession...
CDC Issues Beard Guide...
Airlines Unleash Herpes Disinfectant for Virus-Tainted Planes...
other news...
Iraqi Articles:
Likely to postpone the confidence-giving session from 1 pm to 4 pm
Parliamentary sources said, Thursday, that the confidence-giving session of the government of Muhammad Allawi will be postponed from 1:00 p.m. to 4:00 p.m.
The sources told Mawazine News that "the parliament session scheduled for one in the afternoon will be postponed to four in the afternoon."
The sources told Mawazine News that "the parliament session scheduled for one in the afternoon will be postponed to four in the afternoon."
She added, "The delay comes to give additional time to the negotiators."
Urgent .. Political Blocs Enter A Meeting To Discuss The Vote On The Allawi Government
Urgent .. Political blocs enter a meeting to discuss the vote on the Allawi government
A Representative Source For “Al-Ahed News”: The Parliament Session May Extend For Long Hours Due To The Lack Of A Final Consensus
A parliamentary source said, on Thursday, that the parliament session devoted to voting on the government of Muhammad Allawi, could be extended to long hours.
The source said, in an interview with "Al-Ahed News", that "the council has not yet completed its number, which allows it to announce the quorum for holding the voting session."
He added, "The Sunni and Kurdish forces did not attend the full number," noting that "the Kurdish forces decided to meet to reach a formula and a final decision regarding whether or not to enter the parliament session."
He continued, "Other political blocs are still hesitant about entering the session or not because of its lack of agreement on some points of the government approach to Allawi.
The Kurds enter the decisive meeting with Allawi .. And a source within their delegation reveals the points they are negotiating with
A Kurdish political source revealed, Thursday (February 27, 2020), that the delegation of the Kurdish blocs negotiating in Baghdad entered a meeting with the Prime Minister-designate Muhammad Tawfiq .Allawi, to negotiate the latter on several points, before the session of granting confidence
The source said in an interview with (Baghdad Today), "The Kurdish delegation called for Allawi to be the ministries of finance and trade, from the Kurdish share, in consultation with the Democratic Party, ".and the Ministry of Justice in consultation with the National Union He added, "The Kurds presented these points to Allawi, in exchange for the pledge of the Kurdish parties to provide independent personalities that meet Allawi's terms," noting that "negotiations are ".still ongoing
And the source indicated, "An upcoming meeting will be held between the parties of the Kurdish ".negotiating delegation, to determine whether or not the Kurds will attend the trust granting session
He pointed out that "the delegation of the Kurdish blocs submitted an official request to postpone the voting session for the upcoming Allawi government, in order to allow time to complete discussions ".about the ministerial cabinet
Meanwhile, a parliamentary source suggested postponing the session scheduled for today, to next .week The source said in an interview with (Baghdad Today), that "the postponement of the voting session on the cabinet cabinet of the government of Muhammad Tawfiq Allawi until next week is likely, ".because of the continuing political differences
Parliament sessions .. Muhammad Allawi arrives in Parliament
Muhammad Allawi arrives in Parliament
Political blocs are not convinced of Allawi's government program and reject the cabinet .
The Babylonian Bloc and the Arab Project affirm that they do not attend the government voting session
Parliament Presidency holds a meeting with the heads of the blocs .With an incomplete quorum ...
Al-Halbousi enters the parliament session hall .
News of the postponement of the confidence-giving session from noon to four in the afternoon .
Representatives begin to arrive in the parliament building, including the Kurds
An Economist Talks About The Possibility Of Distributing A Share Of Oil To Every Iraqi Citizen
The economist, Salam Semsem, expressed the possibility of distributing a share of oil to every Iraqi citizen.
But Sumaisem stressed during a statement to "Al-Ahed News", that "the administrative possibility of the Iraqi state does not rise to the performance that achieves this."
The most powerful economies in the world .. Iraq is ranked fourth in the Arab world
The Gross Domestic Product (GDP) indicator shows the monetary market value of all goods and services that are produced within a country during a specific period, as this indicator helps provide a quick overview of the country's economy.
Globally, the United States of America ranked first with a GDP of $ 22.2 trillion. The United States is the largest economy in the world since 1871. On the other hand, China ranked second with a GDP of 15.4 trillion dollars.
It is noteworthy that China witnessed an economic growth rate of 9.52% between 1989 and 2019. While Japan has the third largest economy in the world with a GDP of $ 5.5 trillion.
Arably, Saudi Arabia ranked 19th in the world and first in the Arab world, with a gross domestic product of 790.6 billion US dollars, while the UAE ranked second in the Arab world and 30th in the world, while Egypt ranked third in the Arab world and 42nd in the world. While Iraq and Qatar ranked fourth and fifth Arab, respectively.
It is noteworthy that China witnessed an economic growth rate of 9.52% between 1989 and 2019. While Japan has the third largest economy in the world with a GDP of $ 5.5 trillion.
Arably, Saudi Arabia ranked 19th in the world and first in the Arab world, with a gross domestic product of 790.6 billion US dollars, while the UAE ranked second in the Arab world and 30th in the world, while Egypt ranked third in the Arab world and 42nd in the world. While Iraq and Qatar ranked fourth and fifth Arab, respectively.
CBI, ISX,Dinar Guru:
CBI Update:
Click on the link above for the latest update.
The CBI for Thursday Feb 27th rate is 1190.
The currency auction total sales amount $ 226,422,956.
ISX Update: At my last checking
Shares Traded: 4,017,317,103
Value Traded: 2,994,250,131
Dinar Guru Chatter:
2-26-2020 Intel Guru MarkZ I hear that they want you to exchange in the country you are a citizen of. If you are out of your country at the time of exchange my guess is they handle the exchange in whatever exchange rate and currency your country uses?
2-26-2020 Intel Guru Bruce [via WiserNow] ...we’ve heard forever and a day that Iraq was going to post a new rate – put it in the Gazette - CBI was up - all of that good stuff - well, Iraq is basically waiting on our lead to go – for us to move forward – then they will essentially show their rate on CBI... I would not be surprised if finally overnight tonight and into tomorrow which is Wednesday that Iraq finally has their rate - finally has their new Iraqi Dinar with a new rate on the front screens of the banks and also that the Forex with an update again in the 2:15 in the morning range with an Iraqi rate...I think things are coming together for us...We are under the impression from some very high up sources in the know that we are in a 24 hour window now – right now...finally, with everything that’s been done and happening behind the scenes – we’re moving in the right direction...I just think we are really really just about ready to go...
2-26-2020 Newshound Guru Kaperoni ...one...They [CBI] are a professional organization utilizing professional techniques to manage and control the financial system in Iraq. Two, there is to much currency in circulation. Three, Iraq's total mineral net worth is 15 - 16 trillion dollars. At the current dinar in circulation, a 1 to $1 RV would completely bankrupt the country literally 3 times the entire worth of minerals including oil. Four, such an event would completely throw the entire financial system into chaos in Iraq. Five, monetary policy is a group of tools that support the demands of the financial system. A RV or RI completely circumvents that process. For example the CBI generates revenue from the buy/sell of currency. It also reserves the right to raise or lower the value to counter inflation or deflation from time to time if needed. A RV would not only create chaos, but would prevent the usage of those tools. And lastly a currencies value is determined by market forces. Not some random or arbitrary value. That is 6 solid reason the dinar could never and will never will RV/RI. Our only hope is a gradual appreciation directly related to the success of the private sector/market economy.
2-26-2020 Intel Guru Angle1 ...when we get to teller training [In Iraq] - teller training equals citizen education.
2-26-2020 Newshound/Intel Guru Mnt Goat So the drama of the ratification of Allawi to take the seat of the prime minister continues. We expect this to happen this week, probably Thursday. Then things should move quickly in Iraq.
2-26-2020 Intel Guru MarkZ [via PDK] Still no change of rate in Iraq…Bankers are still at the edge of their seats... [So is the rumor yesterday that the button has been pushed de-bunked?] Possibly something was pushed moving us forward but the reality is the RV has not taken place and we don’t have any money. Until I see people with money in their accounts...in my book, the button has not been pushed. I do think it’s a juggernaut at this point...it’s inevitable, it’s happening, it’s moving… [What does your contact say in Iraq?] They are looking for it to happen after the government gets its vote of confidence. This happens today I believe...I would say to start watching Iraq closely starting tomorrow. [Guru] Bruce said we are in a 24 hour window starting last night...I definitely do believe we are close.
2-26-2020 Newshound Guru Adam Montana [We should then be looking at a fully formed government which is a requirement for the rv to occur.] It's not a stated "requirement" by any means, but it is hard to see it happening without it. I don't think we need a "fully" formed government. 80-85% will do.
2-26-2020 Newshound Guru MilitiaMan Article quote: "Practical and Immediate Steps are needed for economic reforms"... I have to say the CBI of late has shown their ability to do just that.. The CBI today has suggest they have a published brochure to outline the mechanisms they will use to defend their currency in the open markets.. The CBI published data in Arabic that has some powerful implications on where this is headed!! The direction is perfect for us...imo!
2-26-2020 Newshound Guru Vital Brad In the whole 10 years that I've been following this there's more happening in Iraq than I've ever seen. Do I feel we're closer than ever? Absolutely. Do I feel like Iraq deserves to have their currency internationally recognized again - to be included with everybody else? Absolutely. There's no reason a country like Iraq that has so much...value should be excluded from the rest of the world. Am I happy that I personally am holding some Iraqi dinar? I am. I absolutely am...
2-26-2020 Intel Guru Bruce [via WiserNow] ...we’ve heard forever and a day that Iraq was going to post a new rate – put it in the Gazette - CBI was up - all of that good stuff - well, Iraq is basically waiting on our lead to go – for us to move forward – then they will essentially show their rate on CBI... I would not be surprised if finally overnight tonight and into tomorrow which is Wednesday that Iraq finally has their rate - finally has their new Iraqi Dinar with a new rate on the front screens of the banks and also that the Forex with an update again in the 2:15 in the morning range with an Iraqi rate...I think things are coming together for us...We are under the impression from some very high up sources in the know that we are in a 24 hour window now – right now...finally, with everything that’s been done and happening behind the scenes – we’re moving in the right direction...I just think we are really really just about ready to go...
2-26-2020 Newshound Guru Kaperoni ...one...They [CBI] are a professional organization utilizing professional techniques to manage and control the financial system in Iraq. Two, there is to much currency in circulation. Three, Iraq's total mineral net worth is 15 - 16 trillion dollars. At the current dinar in circulation, a 1 to $1 RV would completely bankrupt the country literally 3 times the entire worth of minerals including oil. Four, such an event would completely throw the entire financial system into chaos in Iraq. Five, monetary policy is a group of tools that support the demands of the financial system. A RV or RI completely circumvents that process. For example the CBI generates revenue from the buy/sell of currency. It also reserves the right to raise or lower the value to counter inflation or deflation from time to time if needed. A RV would not only create chaos, but would prevent the usage of those tools. And lastly a currencies value is determined by market forces. Not some random or arbitrary value. That is 6 solid reason the dinar could never and will never will RV/RI. Our only hope is a gradual appreciation directly related to the success of the private sector/market economy.
2-26-2020 Intel Guru Angle1 ...when we get to teller training [In Iraq] - teller training equals citizen education.
2-26-2020 Newshound/Intel Guru Mnt Goat So the drama of the ratification of Allawi to take the seat of the prime minister continues. We expect this to happen this week, probably Thursday. Then things should move quickly in Iraq.
2-26-2020 Intel Guru MarkZ [via PDK] Still no change of rate in Iraq…Bankers are still at the edge of their seats... [So is the rumor yesterday that the button has been pushed de-bunked?] Possibly something was pushed moving us forward but the reality is the RV has not taken place and we don’t have any money. Until I see people with money in their accounts...in my book, the button has not been pushed. I do think it’s a juggernaut at this point...it’s inevitable, it’s happening, it’s moving… [What does your contact say in Iraq?] They are looking for it to happen after the government gets its vote of confidence. This happens today I believe...I would say to start watching Iraq closely starting tomorrow. [Guru] Bruce said we are in a 24 hour window starting last night...I definitely do believe we are close.
2-26-2020 Newshound Guru Adam Montana [We should then be looking at a fully formed government which is a requirement for the rv to occur.] It's not a stated "requirement" by any means, but it is hard to see it happening without it. I don't think we need a "fully" formed government. 80-85% will do.
2-26-2020 Newshound Guru MilitiaMan Article quote: "Practical and Immediate Steps are needed for economic reforms"... I have to say the CBI of late has shown their ability to do just that.. The CBI today has suggest they have a published brochure to outline the mechanisms they will use to defend their currency in the open markets.. The CBI published data in Arabic that has some powerful implications on where this is headed!! The direction is perfect for us...imo!
2-26-2020 Newshound Guru Vital Brad In the whole 10 years that I've been following this there's more happening in Iraq than I've ever seen. Do I feel we're closer than ever? Absolutely. Do I feel like Iraq deserves to have their currency internationally recognized again - to be included with everybody else? Absolutely. There's no reason a country like Iraq that has so much...value should be excluded from the rest of the world. Am I happy that I personally am holding some Iraqi dinar? I am. I absolutely am...
Catnip's Corner:
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ARTICLE 1 (from PM Mahdi's website; posted only on Arabic side, not on English side)
Prime Minister Adel Abdul-Mahdi receives the Special Representative of the Secretary-General of the United Nations in Iraq
Prime Minister Adel Abdul-Mahdi received, today, Wednesday, the Special Representative of the Secretary-General of the United Nations in Iraq, Jenin Hennes Blackshart.
Political developments and efforts to form the government were discussed, as well as strengthening cooperation relations between Iraq and the United Nations and its continuing support for Iraq’s security, stability, economic growth, and the aspirations of its people.
Media office of the Prime Minister
26-Feb-2020
*************
ARTICLE 2 (from Government of Iraq twitter account)
Cabinet receives briefing on measures to contain Coronavirus, support for heath sector
26 Feb 2020 - 12:32 pm
The Cabinet held its regular weekly meeting in Baghdad on Tuesday under the chairmanship of Deputy Prime Minister and Minister of Oil, Thamir Ghadhban.
The Cabinet received to a detailed briefing from the Minister of Health on Novel Coronavirus (COVID-19), and the measures announced by the Government Crisis Cell to contain the spread of the virus including the public health awareness campaign launched by the Ministry of Health.
The Cabinet affirmed that containing the spread of Novel Coronavirus (COVID-19) is the highest priority of the Iraqi government and expressed its support for the measures announced by the Government Crisis Cell.
The Cabinet also directed the Ministry of Finance to release funds to the Ministry of Health and to local authorities to support their efforts in relation to Novel Coronavirus (COVID-19).
The Cabinet also directed relevant authorities to continue working closely with neighbouring countries and the World Health Organization.
The Cabinet agreed to abolish the National Housing Initiative, and to transfer its functions and responsibilities to the National Housing Council.
*************
ARTICLE 3
Al-Halbousi: The Prime Minister-designate is not independent
2/26/2020 22:53
[Baghdad-where]
Parliament Speaker Mohammed Al-Halbousi confirmed on Wednesday that the Prime Minister-designate Muhammad Tawfiq Allawi is not independent.
Al Halbousi said in press statements, "All voices are coming up and calling for a person who wants to cross us the current stage."
He added that "Muhammad Allawi is not independent. He is involved in the political process and was head of the negotiating delegations for nearly 12 years."
Al-Halbousi indicated that "Allawi assured me that who nominated him as Minister of Communications in 2006 are Barham Salih and former US ambassador to Iraq, Zalmay Khalilzad."
"The prime minister-designate, Mohammed Allawi, believes that he is right and the others are all wrong," said the speaker of the parliament.
He added that "Muhammad Allawi is not independent. He is involved in the political process and was head of the negotiating delegations for nearly 12 years."
Al-Halbousi indicated that "Allawi assured me that who nominated him as Minister of Communications in 2006 are Barham Salih and former US ambassador to Iraq, Zalmay Khalilzad."
"The prime minister-designate, Mohammed Allawi, believes that he is right and the others are all wrong," said the speaker of the parliament.
*************
ARTICLE 4
Allawi is sure that the government will gain the confidence of Parliament tomorrow
2/26/2020 21:54
[Baghdad-where]
"Prime Minister-designate Muhammad Tawfiq Allawi said," He is sure the government will gain the confidence of Parliament tomorrow, because it was formed out of quotas.
Allawi said in a press statement that he "opposes any hostile act towards the demonstrators and will not allow any future attacks on them."
*************
ARTICLE 5Urgent The Ministry of Health announces the closure of theaters, cafes, clubs and all public gathering places from February 27 to March 7
2/26/2020 22:36
Headline only....no article.
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