Rayren in chat this morning
BANK SOURCES ARE "PERKING UP" BUT THE POLITICAL POSITION IN IRAQ MAKES THINGS VERY QUESTIONABLE. HMMMMMMMM?
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Markets:
All Asian markets closed down NIK almost anther 3%
Ours are due to start down again the DOW another almost 3% 755 SNP 3.1% and NDX almost 3.5 % at 3.42% just ten minutes ago
Precious Metals:
Gold exploded yesterday it's up at 1687.19 silver 17.50 up Copper down 255 but that's about where it was yesterday at this same time, Platinum about an hour ago was green at 870
Oil prices fell 4% after Russia refused to deepen production cuts
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1168.0000 |  1221.0000 | 1193.4000 | 1193.4000 | 1193.4000 | 2.9000 | 06:07 |
| USD/VND | 22868.0400 | 23574.3900 | 23195.9900 | 23181.1600 | 23181.1600 | 16.6000 | 06:07 |
| USD/CNY | 6.9253 | 6.9273 | 6.9567 | 6.9255 | 6.9356 | -0.0102 | 06:51 |
| USD/KWD | 0.3050 | 0.3060 | 0.3056 | 0.3052 | 0.3056 | -0.0004 | 06:50 |
| GBP/USD |  1.2991 | 1.2991 | 1.3025 | 1.2946 | 1.2949 | 0.0042 | 07:00 |
| USD/IRR | 0.0000 | 0.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 97.5000 | 00:00 |
| USD/IDR | 14334.0000 | 14346.0000 | 14464.0000 | 14194.0000 | 14299.0000 | 37.0000 | 06:59 |
Things in the News...
World's First Cloned Cat Passes Away At 18... named cc for copycat
Iraqi Articles:
A member of the Parliamentary Finance talks about 3 segments that have “overburdened” bank loans and reveals a parliamentary move
Member of the Finance Committee in Parliament, MP Hanin Qaddo, said on Friday 6 March 2020, that the interest of the loans overburdened 3 segments of society, while stressing the .intention of the committee to hold a special session with bank officials Hanin Qaddo said, in an interview with (Baghdad Today), that "the Finance Committee has a great interest in the file of interest for loans, whether for government or private banks, especially since, according to the opinions of many of the beneficiaries, it is very high, despite the fact that they are guaranteed and guaranteed loans that are granted only if Presence of a .sponsor, according to the approved contexts
Qaddou added that "imposing high interest rates burdened the classes of employees, the displaced, and the poor who sought to borrow, build houses, or support the achievement of ".some life issues
He added that the committee intends to "hold a special session with bank and government officials in particular and strive to reduce interest rates and make them less than the current ones and reach 4% or 5% to suit the current conditions in the country, especially since most ".of the beneficiaries are in the sectors in urgent need of government support
Iraqi citizens face several obstacles in obtaining loans launched by Iraqi banks, while .criticizing many of the benefits imposed by banks on those loans
The Rafidain Bank, with all its branches, announced Wednesday (February 26, 2020) the resumption of promoting loan transactions of all kinds and financial facilities in addition to investment projects loans, and after that, a number of pioneers of social networking sites .criticized the size of the benefits imposed by the Rafidain Bank on advances and loans
The independent deputy in Parliament, Basem Khashan, had confirmed earlier, that "the Rafidain Bank loan interest is the highest in the region, although it is guaranteed," noting that "."these benefits amount to 8%, which is cumulative interest
Khashan added, in an interview with (Baghdad Today) that "imposing an interest rate of 4% is fair for both the citizen and the bank," noting that "Rafidain Bank loans, which is a government bank, are paid to create job opportunities and encourage construction and give " .an economic recovery in multiple forms." For not a few slices
An Economist Warns Against Theft Of Citizens On The Pretext Of Acquiring An Electronic Card
Today, Friday, economist Wissam Al-Tamimi warned against the exploitation of the citizen and stealing it by calling for the acquisition of the electronic bank card without dealing in cash, on the pretext that there is a possibility of the transmission of the Corona virus by touch.
Al-Tamimi said, "Global development has benefited all mankind, especially those related to banking systems that operate in all countries of the world with an electronic card system that is mobilized with an amount of money instead of cash in markets and stores."
He added that "the electronic card is present in Iraq and is activated, but that is not at the required level, despite its usefulness, but the case for its selection and dealing with this card by the central bank in conjunction with the outbreak of the Corona virus places many unanswered questions."
And that "the card is granted by banks and this is done at an amount that sometimes reaches 25 thousand dinars, and in the event that he wants to get it at the very least a million Iraqis, the bank will get through this an amount of more than 25 billion dinars, and therefore this is an exploitation of the status quo and catching Citizen of Iraq. ”
He stressed the necessity of reducing the amounts of transactions for obtaining the electronic card in order to get out of the exploitation field and enable everyone to obtain it easily and thus achieve the benefit for the citizen and the bank.
Al-Tamimi said, "Global development has benefited all mankind, especially those related to banking systems that operate in all countries of the world with an electronic card system that is mobilized with an amount of money instead of cash in markets and stores."
He added that "the electronic card is present in Iraq and is activated, but that is not at the required level, despite its usefulness, but the case for its selection and dealing with this card by the central bank in conjunction with the outbreak of the Corona virus places many unanswered questions."
And that "the card is granted by banks and this is done at an amount that sometimes reaches 25 thousand dinars, and in the event that he wants to get it at the very least a million Iraqis, the bank will get through this an amount of more than 25 billion dinars, and therefore this is an exploitation of the status quo and catching Citizen of Iraq. ”
He stressed the necessity of reducing the amounts of transactions for obtaining the electronic card in order to get out of the exploitation field and enable everyone to obtain it easily and thus achieve the benefit for the citizen and the bank.
Iyad Allawi for Al-Mirbad: Iraq is beginning to move backwards and must start with early elections to leave the crisis
The President of the National Coalition, Iyad Allawi, stressed the necessity of holding early elections whose fairness is not less than 80%, while pointing out the importance of ending the current situation in which the country is experiencing demonstrations and arrests among the demonstrators.
Allawi pointed out in his statement to Al-Mirbad that Iraq has started moving backward and not forward, and this requires holding early and fair elections to get out of the current crisis.
Allawi pointed out in his statement to Al-Mirbad that Iraq has started moving backward and not forward, and this requires holding early and fair elections to get out of the current crisis.
Allawi also stressed the need for Iraq to a new and fair elections commission and a new election law to be drafted in coordination with unions, unions and representatives of the demonstrators.
He pointed out that this measure does not require much time and may take about three days to complete, in a way that contributes to bringing a government that meets the people's demands.
He pointed out that this measure does not require much time and may take about three days to complete, in a way that contributes to bringing a government that meets the people's demands.
Rafidain Bank: distribution of MasterCard cards to employees of the General Help Directorate in Baghdad
Rafidain Bank has announced the distribution of international MasterCard cards to employees of the General Help Directorate and its departments in Baghdad.
The bank's media office said in a statement that the MasterCard cards were distributed to employees of the General Help Directorate and all 34 of its departments. Noting that the monthly salaries will be disbursed electronically and then apply for advances, loans and other banking services announced recently by the bank. He added that the bank continues to distribute MasterCard cards to employees and employees of the Ministry of Interior who have been resettled to the bank and in the form of meals
The bank's media office said in a statement that the MasterCard cards were distributed to employees of the General Help Directorate and all 34 of its departments. Noting that the monthly salaries will be disbursed electronically and then apply for advances, loans and other banking services announced recently by the bank. He added that the bank continues to distribute MasterCard cards to employees and employees of the Ministry of Interior who have been resettled to the bank and in the form of meals
Nujaifi: Shiite blocs abandoned the request to remove US forces from Iraq!
The leader of the Salvation and Development Front, Ethel Nujaifi, said on Friday that the Shiite blocs have waived the demand to remove American forces from Iraq.
Al-Nujaifi added in a tweet via "Twitter" and followed by "NAS" (March 6, 2020) that "the Shiite blocs have given up the demand to remove the American forces from Iraq and are now looking for a prime minister who is reckoning the pre-2014 style ... Iranian fanciful American acceptance."
He continued, "As for the internal reforms, such as restricting weapons and fighting corruption, they are still outside their calculations."
CBI, ISX,Dinar Guru:
CBI Update:
Click on the link above for the latest update.
The CBI for Friday is closed.
The currency auction total sales amount $ N/A .
ISX Update: At my last checking
Shares Traded:
Value Traded:
Dinar Guru Chatter:
3-5-2020 Intel Guru MarkZ [via PDK] [Will...dong and dinar rv on the same day?] I am told absolutely…same day…same time…
3-5-2020 Newshound Guru MilitiaMan ...The CBI has not adjusted the money supply since November 2019.. imo... The more they get off the street the cheaper it may be in the end for them.. May support value to go along with it. Therefore, again I will say this, "The longer it takes, the more money we make." imo. So, that is my take on what may be the case.
3-5-2020 Newshound Guru Pimpy ...what the heck is going on in the dinar community? People running around panicking about all kinds of stuff. I've heard so much weird crap today...[Guru] Jeff is the only person who's still sticking to his guns. Jeff is saying that this thing is gonna happen between the end of March and sometime beginning of April...That's the way I felt about it [too] and there's no reason for me to change my mind...sometime between the end of March and the beginning of April...
3-5-2020 Newshound Guru Adam Montana [A continuing concern for me with this investment is that there are trillions of dinar in circulation internationally, and for an RV or RI to occur, at any value above about $.01, would seem to bankrupt Iraq, irrespective of its oil and other resources. ...I hope I'm missing something in this equation.] ...The Iraqi Dinar is a fiat currency, just like the US dollar, and logical rules utilizing responsible financial principals simply do not apply. For this reason alone, it simply does not need to make financial sense to RV. ...Iraq doesn't need a 1:1 reserve:cash ratio to have a 1:1 parity with the US dollar, or any other ratio to the dollar. The only thing that matters is "will it sell" - and, it will.
3-5-2020 Intel Guru Okie_Oil_Man ...YES I AM STILL ON HIGH ALERT AND AM WATCHING FOR AN E-MAIL (NUFF SAID)
3-5-2020 Intel Guru MarkZ [via PDK] I still think we are looking at a back date of Mar. 14th. Looking at dates usually gets us all in trouble …but it seems they are working on getting it out the door right now...we really are in a great spot as it all comes together...It could be today, tomorrow or next week….but we are at the end of it. Make sure you are ready and have a plan for as soon as it happens. I have a local banker that I have been harassing for years about this…..he said yesterday that he was starting to see some crazy values …he said we may finally get what we have been looking for. He is a local bank. It really is the perfect storm for the reset right now…Hoping today brings more good news…
3-5-2020 Intel/Newshound Guru sandyf Question: Revaluation. The bigger question is what do people understand by the term "revaluation". If a currency changes from X/USD to Y/USD is it a revaluation/devaluation or not. A redenomination of the national currency is a revaluation of the monetary unit and that is what was being considered by the CBI at the Shabibi was at the helm.
3-5-2020 Newshound/Intel Guru Mnt Goat Article: "DRAFT FEDERAL BUDGET LAW FOR THE FISCAL YEAR 2020 IS STILL IN THE MINISTRY OF FINANCE" Our reinstatement is based on the 2020 budget. They must pass it to get what we want. But first to pass it they must get the government in place... Of course, there is going to be Iranian backed resistance since the currency auction corruption feeding Iran will go away when this is concluded
3-5-2020 Newshound Guru Jeff Article quote "in the case that parliament fails to vote next time on the government cabinet it will be dissolved and early elections will be held." They're considering dissolving the government and holding early elections...Kurdistan wants to be part of the new government...equal say and equal majority within the formation of the new government. That's the reason they're dissolving the government...that's the reason they're playing you like a fool telling you that the current government is unstable so they can hold early elections in April to bring Kurdistan on board...
3-5-2020 Newshound Guru Adam Montana ...PM Allawi has..."withdrawn his candidacy"... So, what's next?... The Iraqi President can simply appoint someone (again), but it's not necessary to take drastic action. Maybe Mahdi steps back up (he was never really gone), but that doesn't make a difference either... The good news for us, and Iraq? No matter who steps into the Prime Minister role next, Allawi was able to get some wood chopped. Iran lost a LOT of power over the last month, for one. I think that may have more to do with Allawi's current decision than anything - he seems to want them completely gone, not just 80% reduced. Most importantly, and this is the crux of the matter, Allawi wasn't elected to this position in the first place - yet, things got done. In my opinion, the raise in the value of the Dinar is going to happen regardless of who is sitting in the Prime Minister chair. All of the things that need to happen in Iraq continue to happen, and "who" is sitting "where" does not seem to matter...as long as it's not Maliki! Someone will be in that seat, soon, and the train will continue to chug along. We are getting close...
3-5-2020 Newshound Guru MilitiaMan ...The CBI has not adjusted the money supply since November 2019.. imo... The more they get off the street the cheaper it may be in the end for them.. May support value to go along with it. Therefore, again I will say this, "The longer it takes, the more money we make." imo. So, that is my take on what may be the case.
3-5-2020 Newshound Guru Pimpy ...what the heck is going on in the dinar community? People running around panicking about all kinds of stuff. I've heard so much weird crap today...[Guru] Jeff is the only person who's still sticking to his guns. Jeff is saying that this thing is gonna happen between the end of March and sometime beginning of April...That's the way I felt about it [too] and there's no reason for me to change my mind...sometime between the end of March and the beginning of April...
3-5-2020 Newshound Guru Adam Montana [A continuing concern for me with this investment is that there are trillions of dinar in circulation internationally, and for an RV or RI to occur, at any value above about $.01, would seem to bankrupt Iraq, irrespective of its oil and other resources. ...I hope I'm missing something in this equation.] ...The Iraqi Dinar is a fiat currency, just like the US dollar, and logical rules utilizing responsible financial principals simply do not apply. For this reason alone, it simply does not need to make financial sense to RV. ...Iraq doesn't need a 1:1 reserve:cash ratio to have a 1:1 parity with the US dollar, or any other ratio to the dollar. The only thing that matters is "will it sell" - and, it will.
3-5-2020 Intel Guru Okie_Oil_Man ...YES I AM STILL ON HIGH ALERT AND AM WATCHING FOR AN E-MAIL (NUFF SAID)
3-5-2020 Intel Guru MarkZ [via PDK] I still think we are looking at a back date of Mar. 14th. Looking at dates usually gets us all in trouble …but it seems they are working on getting it out the door right now...we really are in a great spot as it all comes together...It could be today, tomorrow or next week….but we are at the end of it. Make sure you are ready and have a plan for as soon as it happens. I have a local banker that I have been harassing for years about this…..he said yesterday that he was starting to see some crazy values …he said we may finally get what we have been looking for. He is a local bank. It really is the perfect storm for the reset right now…Hoping today brings more good news…
3-5-2020 Intel/Newshound Guru sandyf Question: Revaluation. The bigger question is what do people understand by the term "revaluation". If a currency changes from X/USD to Y/USD is it a revaluation/devaluation or not. A redenomination of the national currency is a revaluation of the monetary unit and that is what was being considered by the CBI at the Shabibi was at the helm.
3-5-2020 Newshound/Intel Guru Mnt Goat Article: "DRAFT FEDERAL BUDGET LAW FOR THE FISCAL YEAR 2020 IS STILL IN THE MINISTRY OF FINANCE" Our reinstatement is based on the 2020 budget. They must pass it to get what we want. But first to pass it they must get the government in place... Of course, there is going to be Iranian backed resistance since the currency auction corruption feeding Iran will go away when this is concluded
3-5-2020 Newshound Guru Jeff Article quote "in the case that parliament fails to vote next time on the government cabinet it will be dissolved and early elections will be held." They're considering dissolving the government and holding early elections...Kurdistan wants to be part of the new government...equal say and equal majority within the formation of the new government. That's the reason they're dissolving the government...that's the reason they're playing you like a fool telling you that the current government is unstable so they can hold early elections in April to bring Kurdistan on board...
3-5-2020 Newshound Guru Adam Montana ...PM Allawi has..."withdrawn his candidacy"... So, what's next?... The Iraqi President can simply appoint someone (again), but it's not necessary to take drastic action. Maybe Mahdi steps back up (he was never really gone), but that doesn't make a difference either... The good news for us, and Iraq? No matter who steps into the Prime Minister role next, Allawi was able to get some wood chopped. Iran lost a LOT of power over the last month, for one. I think that may have more to do with Allawi's current decision than anything - he seems to want them completely gone, not just 80% reduced. Most importantly, and this is the crux of the matter, Allawi wasn't elected to this position in the first place - yet, things got done. In my opinion, the raise in the value of the Dinar is going to happen regardless of who is sitting in the Prime Minister chair. All of the things that need to happen in Iraq continue to happen, and "who" is sitting "where" does not seem to matter...as long as it's not Maliki! Someone will be in that seat, soon, and the train will continue to chug along. We are getting close...
Catnip's Corner:
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ARTICLE 1 (from PM Mahdi's website)
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)
@IraqiGovt 3-5-2020 around 6 am Eastern
To learn more about the @IraqiGovt
’s measures to contain #COVID19 and to know how to protect yourself and others, follow the Ministry of Health on Facebook:
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ARTICLE 3
A deputy calls on the President of the Republic to abide by the constitution not to repeat the failure that occurred with Allawi
3/5/2020 19:01
[Baghdad-where]
The deputy of the Sadikon Thamer Dhiban bloc affirmed that the names presented as candidates for the prime minister are inaccurate and the dialogues are still ongoing and no specific personality has been agreed upon until the moment. Allawi.
Theban said in a press cry, "There are many names that are circulated through social media and the media, which are inaccurate, and until the moment, no specific personality was agreed upon," noting that "we called the president of the republic to act only in accordance with the constitution and in consultation with political blocs so that The failure that occurred with the former commissioner, Mohammed Tawfiq Allawi, is not repeated.
Theban added, "Until the moment, there is no personality who is the closest to assuming the position and all the names that are presented are respected names we have, and the dialogues are still ongoing between the political forces." He pointed out that "efforts are continuing to come out of an independent government far from the parties and quotas It is incorrect and unacceptable, and there should be agreement to save the country from the situation in which it is and to cross from this crisis to safety. "
Theban added, "Until the moment, there is no personality who is the closest to assuming the position and all the names that are presented are respected names we have, and the dialogues are still ongoing between the political forces." He pointed out that "efforts are continuing to come out of an independent government far from the parties and quotas It is incorrect and unacceptable, and there should be agreement to save the country from the situation in which it is and to cross from this crisis to safety. "
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ARTICLE 4
A politician leaks information about collecting signatures among MPs to nominate Al-Badeel for Allawi
3/5/2020 10:53
{Baghdad _ Where} An early political disclosure revealed that he started collecting signatures in Parliament to nominate an alternate prime minister for the excused commissioner, Mohammed Tawfiq Allawi.
An Arab newspaper quoted the official as saying that "there are consultations to agree on a new personality to be appointed as prime minister, to succeed Allawi. He explained that these endeavors are represented in a petition being signed in Parliament and calling for an independent figure to be appointed to form the government."
An Arab newspaper quoted the official as saying that "there are consultations to agree on a new personality to be appointed as prime minister, to succeed Allawi. He explained that these endeavors are represented in a petition being signed in Parliament and calling for an independent figure to be appointed to form the government."
The politician said, "The recent political movement, represented in the meetings held by the President of the Republic Barham Salih with many Shiite leaders, has not yet resulted in a specific position regarding the crisis of forming the next Iraqi government, indicating that it is not proposed now that a certain party adopts a specific candidate, and that the options include Consensus of the character to be assigned from within Parliament. "
These steps come after Allawi's failure to form a new government and the announcement by the caretaker head Adel Abdul-Mahdi to withdraw from his role.
These steps come after Allawi's failure to form a new government and the announcement by the caretaker head Adel Abdul-Mahdi to withdraw from his role.
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ARTICLE 5
Urgent The holy Husseinian threshold decides not to hold Friday prayers tomorrow
3/5/2020 11:41
Baghdad
The General Secretariat of the Husaynah Holy Shrine decided to refrain from conducting Friday prayers for tomorrow due to the precautionary measures of Corona virus,
Where the Secretariat said in an interview with which the news agency received a copy of it that its decision was taken in order to take into account the health conditions the country is going through and its commitment to the decisions of the Ministry of Health and the Karbala Health Committee to refrain from gathering to guard against the spread of the virus.
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ARTICLE 6
The central bank issues a decision to change its financial dealings to avoid Corona
3/5/2020 17:55
[Baghdad-where]
Today, Thursday, the Central Bank issued a decision to change its financial dealings to avoid spreading the Corona virus through securities.
The bank said in a press statement, "It coincided with what our dear country is going through, and as a result of the Central Bank of Iraq following up on international reports that warn of the ability of banknotes to be a carrier medium for viruses."
He added: "The bank invites merchants and citizens to deal with electronic payment tools [cards, points of sale, mobile wallets] and avoid dealing with cash in order to preserve public health."
He added: "The bank invites merchants and citizens to deal with electronic payment tools [cards, points of sale, mobile wallets] and avoid dealing with cash in order to preserve public health."
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