The Markets:
Asian markets csed mixed
NIK closed up 2.02% HSI Down 4.86% SHANG 3.11 %down
DOW futures red down 3.5% 18375 SNP 3.36% NDX 2.1%
currently the uk markets are open and in the red down 4% and 3%
stocks drop with us futures
Precious Metals:
Gold way down at 1493.02 Silver green at 12.54 Copper down at 206.95 Platinum green at 617 and climbing when i check 20 minutes ago
oil seems to be about 22 dollars according to https://oilprice.com/
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1157.2000 |  1212.9000 | 1183.9000 | 1183.9000 | 1183.9000 | -5.7000 | 07:32 |
| USD/VND | 23001.2500 | 23744.4500 | 23346.3000 | 23346.3000 | 23346.3000 | -20.9600 | 07:32 |
| USD/CNY | 7.0796 | 7.0816 | 7.1206 | 7.0814 | 7.0947 | -0.0133 | 07:57 |
| USD/KWD | 0.3118 | 0.3128 | 0.3124 | 0.3107 | 0.3107 | 0.0015 | 07:39 |
| GBP/USD | 1.1615 | 1.1617 | 1.1713 | 1.1506 | 1.1656 | -0.0024 | 07:57 |
| USD/IRR | 0.0000 | 0.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 97.5000 | 00:00 |
| USD/IDR | 16550.0000 | 16570.0000 | 16870.0000 | 15770.0000 | 15770.0000 | 483.0000 | 07:56 |
Things in the News:
Nobel laureate predicts a quicker recovery: 'We're going to be fine'...
Washington to pick which companies survive...
Virus reveals financial irresponsibility of Americans...
Virus reveals financial irresponsibility of Americans...
The groups are listed below:
9 a.m. – Prayer for those infected with the virus and all those who are ill
12 p.m. – Prayer for healthcare workers and those attending to the sick
3 p.m. – Prayer for first responders and essential workers
6 p.m. – Prayer for people of every nation and their leaders
9 p.m. – Prayer for those who have died today
Iraqi Articles:
This is what happens when they don't have auctions with no rate change
Find out the price of the dollar against the Iraqi dinar today
The platform "Yass Iraq" publishes the exchange rates of the dollar against the Iraqi dinar, as follows:
Al-Kifah 121,450 Iraqi dinars
Al-Harithiya 121,650 Iraqi dinars
Sulaymaniyah 121,850 Iraqi dinars
Kirkuk 121,800 Iraqi dinars
Erbil 121,800 Iraqi dinars
Basra 122,050 Iraqi dinars
Mosul 122,100 Iraqi dinars
Najaf 121,600 Iraqi dinars
Tuman 1570
Al-Harithiya 121,650 Iraqi dinars
Sulaymaniyah 121,850 Iraqi dinars
Kirkuk 121,800 Iraqi dinars
Erbil 121,800 Iraqi dinars
Basra 122,050 Iraqi dinars
Mosul 122,100 Iraqi dinars
Najaf 121,600 Iraqi dinars
Tuman 1570
The methods of some electronic payment companies are behind the reluctance of citizens to settle their salaries
The economist Raad Tuwaij confirmed that the methods of deception and theft of some electronic payment companies reflected negatively on the process of electronic cash transactions and the reluctance of citizens to settle their salaries.
Twig said in a statement to the Iraqi National News Agency ( NINA ): "The shift from dealing or exchanging cash directly from one hand to another, which ranges in Iraq at 75% from currency exchange to electronic exchange has become necessary, due to the spread of the Corona epidemic and the curfew, but The Iraqi citizen has become fleeing the electronic cash exchange, because some of the specialized companies in the card and electronic payment / stealing / the citizen and downloading illegal sums with false excuses.
Tuwaij stressed that: holding these accountants is tantamount to removing the main obstacle to electronic cash exchange and increasing the percentage of trading in it, and in return reducing the percentage of manual trading in the short term to 50% and in the long term to 25%, equivalent to what exists in developed countries. It also helps to provide infrastructure For electronic exchange of government and private banks and makes the incentives provided by the central bank go to their appropriate place in addition to increasing the number of cash cycles. "
Twig said in a statement to the Iraqi National News Agency ( NINA ): "The shift from dealing or exchanging cash directly from one hand to another, which ranges in Iraq at 75% from currency exchange to electronic exchange has become necessary, due to the spread of the Corona epidemic and the curfew, but The Iraqi citizen has become fleeing the electronic cash exchange, because some of the specialized companies in the card and electronic payment / stealing / the citizen and downloading illegal sums with false excuses.
Tuwaij stressed that: holding these accountants is tantamount to removing the main obstacle to electronic cash exchange and increasing the percentage of trading in it, and in return reducing the percentage of manual trading in the short term to 50% and in the long term to 25%, equivalent to what exists in developed countries. It also helps to provide infrastructure For electronic exchange of government and private banks and makes the incentives provided by the central bank go to their appropriate place in addition to increasing the number of cash cycles. "
Al-Nasr Coalition calls for giving Prime Minister-designate Adnan Al-Zarfi his "constitutional opportunity"
Al-Nasr coalition called on Monday to give Prime Minister-designate Adnan Al-Zorfi his "constitutional opportunity", considering that naming a new candidate is a "constitutional violation".
The coalition said in a statement received by "Eye of Iraq News" that "the ongoing dialogues regarding the nomination of a new candidate for prime minister indicate a clear constitutional violation, given the issuance of the mandate for the presidency of the republic, which does not have the right to annul the assignment and go to a new taxpayer before the end of the constitutional period."
The statement added, "The victory coalition confirms that its participation in the dialogues comes to emphasize the correct paths to resolve the crisis, and believes that the taxpayer must be given his constitutional opportunity, in compliance with the legal contexts and national solidarity."
It is worth noting that, on Tuesday (17 March 2020), President of the Republic Barham Salih, Adnan Al-Zarfi, was assigned to form the next government.
Al-Zrafi confirms the start of his consultations to form the government
Prime Minister-designate Adnan Al-Zorfi responded to the accusations leveled against him and the president regarding the mechanism of assigning him to form a government without consensus, denying the conclusion of any deal, with Barham Saleh aimed at breaking the will of anyone, confirming the start of his consultations to form the government.
Al-Zorfi told a group of journalists, at his residence yesterday, Sunday that "the President of the Republic has exhausted all the methods that can be followed, whether he adheres to the constitutional deadline, and he asked the relevant political blocs to settle the matter a day before the end of the deadline, in addition to directing an inquiry to the Federal Court, and be I was one of the candidates, my assignment came naturally. "
He added, "What concerns me primarily is building balanced relations with all the countries of the region; whether they are Arab, as the periphery of Iraq is Arab, and Islamic, as the periphery of Iraq is also Islamic, in addition to establishing balanced state relations with regional and international powers on the basis of shared interests with priority of our interests." National. "
Al-Zorfi confirmed that he started his consultations to form a government whose mission will be only one year, during which preparations are made for early elections.
He continued, "Regardless of the positions, I will only proceed with the agreement of all parties and components, because I want a government in which everyone participates", indicating that he continues His contacts with various parties, including the parties that are still conservative about his choice,
and Al-Zrafi said that "the financial crisis that Iraq is currently experiencing due to the collapse of oil prices, is one of the most important things that must be faced and working on it seriously."
He concluded by saying: "The confrontation of Corona calls us to a serious stand at all levels, which is what we will focus on in the government program."
Al-Zorfi told a group of journalists, at his residence yesterday, Sunday that "the President of the Republic has exhausted all the methods that can be followed, whether he adheres to the constitutional deadline, and he asked the relevant political blocs to settle the matter a day before the end of the deadline, in addition to directing an inquiry to the Federal Court, and be I was one of the candidates, my assignment came naturally. "
He added, "What concerns me primarily is building balanced relations with all the countries of the region; whether they are Arab, as the periphery of Iraq is Arab, and Islamic, as the periphery of Iraq is also Islamic, in addition to establishing balanced state relations with regional and international powers on the basis of shared interests with priority of our interests." National. "
Al-Zorfi confirmed that he started his consultations to form a government whose mission will be only one year, during which preparations are made for early elections.
He continued, "Regardless of the positions, I will only proceed with the agreement of all parties and components, because I want a government in which everyone participates", indicating that he continues His contacts with various parties, including the parties that are still conservative about his choice,
and Al-Zrafi said that "the financial crisis that Iraq is currently experiencing due to the collapse of oil prices, is one of the most important things that must be faced and working on it seriously."
He concluded by saying: "The confrontation of Corona calls us to a serious stand at all levels, which is what we will focus on in the government program."
The dollar is gaining strength, but the rigidity of the US stimulus package reduces gains
The dollar held gains against most currencies on Monday, as a new stock slump led to a stampede towards liquidity, but fell against the euro and the yen, as US lawmakers failed to pass a stimulus package to combat the Corona virus.
Lawmakers in Washington were unable to pass the stimulus measures on Sunday, and Republicans and Democrats debated over the details of the proposed $ 1 trillion spending package.
The dollar fluctuated against the yen between the gain and the loss, but fell in the most recent trading 0.6 percent to 110.7.
The dollar initially rose against the euro, reaching its highest price since April 2017, and then reducing its losses, to tumble 0.4 percent to $ 1.0737 per euro.
But the greenback strengthened its gains against other currencies.
The dollar rose 0.1 percent against the pound sterling to 1.1657 dollars, approaching its highest price since at least 1985.
The dollar approached a multi-year high against the Australian and New Zealand dollars as the economic costs of home insulation in New Zealand shares pushed them to their biggest ever decline in a day
CBI, ISX,Dinar Guru:
CBI Update: IT SEEMS the CLOSURES have BEEN Extended WE SHALL SEE
Click on the link above for the latest update.
The CBI for rate is.
The currency auction total sales amount $ 0. No Auction today
ISX Update: At my last checking
Failure to organize trading sessions 17 / 3-2020 / 3/23
it's a document in Arabic but these are the words
Iraq Stock Exchange Iraq market for ur number: Date: \ ۷/۱۹ / C To the Securities Commission What is the lack of organization of trading sessions 3/17 - 3/23/2020
We give you our best regards. . .
Based on the decisions of the Health Crisis Cell dated 3/15/2020.
The Board of Governors decided not to organize trading sessions and stop trading activity in securities as of Tuesday 3/17/2020 to enable brokerage firms and investors to complete financial settlements between them and the clearing bank until Monday. 3/23/2020 The trading session after suspension is organized on Tuesday 3/23/2020 according to instructions and rules with appreciation
Taha Ahmed Abdel Salam Duran Soran
Shares Traded: N/A
Value Traded: N/A
3-22-2020 Intel Guru Frank26 Question: "...Why should we think that because we can no longer see results of the auctions that a public rate change might now be near other than the fact that the oil prices are about to tank their economy?" ...why shouldn't we expect it? It's based on everything we've seen. Everything we've see is for the reinstatement of the Iraqi dinar value. Everything they've been saying is the definition of the reinstatement of their currency...
3-22-2020 Newshound Guru Jeff ...when you look at what's happening with the coronavirus ultimately the Trump administration is in charge. IMO the Trump administration is not going... to change the rate and allow tons of people to come in to the banks to exchange foreign currency. That's the last thing they're going to allow to happen especially with military lock downs occurring...we do firmly believe we're at the finish line but we have to wait for things like the lock downs regarding the coronavirus to come to an end...I firmly believe we're at the end.
3-22-2020 Intel Guru Frank26 ...the government of Iraq goes out to the International world and they say we need money because we're about to go bankrupt as a country...and the article itself actually said nope. No. Raise the value of your currency...you know what to do. Finish your reforms...
3-22-2020 Newshound Guru Jeff ...as you know the rate has not changed as of yet...when you look at the facts it's very obvious. You don't have to be intelligent or anything to realize what Iraq is doing. Iraq has put their entire economy on hold. They can no longer go any further at this point with their economy until this rate changes...they've pretty much told us they're at the point and ready to change that rate...any forward economic progress is completely waiting on the rate change...
3-22-2020 Newshound Guru MilitiaMan ...The ISX is said to come on line Tuesday. They have had time to change the rate and adjust share pricing, they have had almost a week now to do so and will need the rate ahead of open... IMO That would be hush hush mind you!! Just as is the meeting with Mnuchin and Congress is today.. The timing of this is huge imo!! ...There are no coincidences here.. This is all coming together in sequence.. Sure there has been bumps in the road, but, the perfect storm is here and yet the sun is shining bright!
3-22-2020 Newshound Guru Pimpy there are a lot of people they had bet the house that something was gonna happen between this weekend and the end of the month. Is it possible? Of course it is. There sure are a lot of signs out there that point to something hopefully happening...
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 sends a message to the crisis cells in the provinces
In the Name of God, the Most Gracious, the Most Merciful
Honorable sisters and brothers
Presidents and members of the crisis cells in the dear provinces of Iraq
It is a pleasure for me to salute your efforts and dedication to serve your people, since the beginning of the outbreak of the Corona virus in the world and its arrival in our country, and you, as we have promised you, you will save faith, find determination, face difficulties, and not take you as an appropriate blame when the public interest requires taking the responsible position.
Our country previously faced challenges and crises, including the flood crisis that many provinces were subjected to, and the response and cooperation was at its best, and we succeeded together in turning the crisis into a blessing to ward off the risk of floods and investment of water resources for agriculture that recovered unprecedentedly and provided local products whose results were evident during these days And achieved abundance and stability in the market in the days of curfew, thank God.
As we express our pride in these positions, we confirm once again that the energies and competencies of our people are capable of facing the most serious crises and overcoming them. The Iraqis have defeated terrorism and will defeat this epidemic with the courage the world has witnessed for them.
We renew our call for more work and redoubled efforts to spare our people the risk of an outbreak of HIV and cooperate with health and security agencies to implement the law and intensify health awareness and public awareness campaigns to protect themselves and the public good.
Oh God save Iraq and its people.
Peace, mercy and blessings of God
Adel Abdul-Mahdi
Prime Minister
22-Mar-2020
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ARTICLE 2 (from Government of Iraq twitter account)
Iraq’s Crisis Cell extends curfew, announces additional measures to contain Covid-19
22 Mar 2020 - 5:00 pm
The Iraqi government Crisis Cell announced a series of additional measures to curb the spread of Covid-19. The measures include:
- Extending the curfew in Baghdad and all of Iraq until 11:00 pm on Saturday, 28 March. The curfew excludes pharmacies, medicine stores, food stores, bakeries and petrol stations. It also excludes medical, security and media personnel, and staff of internet service providers (ISPs)
- Schools, universities, and colleges to remain closed until Saturday 28 March
- Flights to and from Iraq to remain suspended until Saturday 28 March
- The Municipality of Baghdad and municipal departments in the provinces are directed to suspend the collection of levies and other financial dues from residents to ease the financial burden caused by the coronavirus
- Relevant authorities are directed to suspended deductions for loans from the salaries of all state employees
- Requests the Ministry of Finance to transfer US$50 million to the Ministry of Health accounts to purchase medicines and medical supplies
- Declaring the period of the coronavirus crisis a force majeure for all projects and contracts effective from 20 February, 2020
The Crisis Cell also announced that it will submit a request to the Council of Representatives (Parliament) to grant Iraq’s Ministry of Health the power to spend funds in its efforts to combat the coronavirus and to exempt it from all relevant laws and regulations.
The Iraqi authorities earlier announced other measures, including banning entry into Iraq passengers arriving from France, Turkey, Spain, Nigeria, China, Iran, Japan, South Korea, Thailand, Singapore, Italy, Kuwait, and Bahrain.
The authorities also banned all travel between Iraqi provinces.
Crisis Cell underscores that the public must follow the advice of Iraq’s Ministry of Health and that of the World Health Organization.
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ARTICLE 3
Deputy for Al-Fateh: Shiite forces agreed to remove Al-Zarfi and nominate 3 university presidents for the post of prime minister
3/22/2020 17:51
[Baghdad-where]
On Sunday, the deputy of the Al-Fateh Mokhtar Al-Mousawi coalition revealed the most prominent results of the Shiite house talks yesterday, referring to the nomination of three personalities for the position of prime minister.
Mousawi said in a press statement that "the Shiite blocs agreed to nominate three personalities for the post of prime minister," noting that "the candidates are the president of Baghdad University, the president of the University of Kufa, and the president of Karbala University."
He added, "The nomination of these personalities suggests the imminent release of the crisis, withdrawing the candidacy of Adnan Al-Zarfi from forming the government," noting that "the Shiite forces will hold talks with the Kurdish alliances and blocs on the need to assign a new candidate to obtain acceptance and consent of everyone."
He pointed out that "a high-level delegation from the forces of the Shiite blocs will meet during the next two days a number of leaders of the first row to discuss withdrawing the nomination of Zarfi and assign another person to shorten the time."
He added, "The nomination of these personalities suggests the imminent release of the crisis, withdrawing the candidacy of Adnan Al-Zarfi from forming the government," noting that "the Shiite forces will hold talks with the Kurdish alliances and blocs on the need to assign a new candidate to obtain acceptance and consent of everyone."
He pointed out that "a high-level delegation from the forces of the Shiite blocs will meet during the next two days a number of leaders of the first row to discuss withdrawing the nomination of Zarfi and assign another person to shorten the time."
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ARTICLE 4
Parliamentary close to him: Al Zorfi team started today to choose the personalities of the ministerial cabinet
3/22/2020 15:05
[Baghdad-where]
Member of Parliament Nada Shaker Jawdat affirmed, on Sunday, that the team of Prime Minister-designate Adnan Al-Zarfi has started from today to choose the cabinet, indicating that Al-Zarfi will form his government according to the merits of the components.
Jawdafi said in a press statement that "the Prime Minister-designate Adnan Al-Zarfi gave the green light to his political team to start today, selecting the personalities that will be nominated for the ministerial portfolios."
She added that "through my proximity and contact with Al-Zarfi, I learned that the team has set specifications for choosing the next cabinet ministerial personalities, including taking into account the electoral merit of the components and the selection of independent, professional and competent personalities."
The Kurdistan Alliance MP, Salim Hamzah, had denied in a previous statement the existence of contacts between the Kurdish forces and the Prime Minister-designate Adnan Al-Zarfi regarding the file of forming the government, indicating that the coalition forces are awaiting the outcome of the Shiite house meetings.
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ARTICLE 5
Designated Iraqi Prime Minister: I am not an American option
He confirmed that he had not come up with a deal with the President of the Republic
23 March 2020
The designated Iraqi Prime Minister, Adnan Al-Zorfi, affirmed that he is an "Iraqi option" and not an American, as the protesters say, and denied that he came with a deal with the President of the Republic, Barham Salih.
Al-Zrafi affirmed during a meeting with a group of Iraqi media professionals, attended by "Al-Sharq Al-Awsat", at his residence yesterday, "I am an Iraqi option first and last, and if one is forced during a period of his life, as prisons and detention centers during the time of the previous regime were forced to go forced To this or that country, including the United States, to become American, this is an unreasonable logic. ” He explained, "What concerns me primarily is building balanced relations with all countries of the region (...) in addition to establishing balanced state relations with regional and international powers, on the basis of common interests, with priority for our national interests."
He stressed that "my assignment method was natural (...) and was not in any way a deal with President Barham Saleh."
On the persistence of divergent positions within the Shiite house about him, Al-Zorfi said: "I will only go with the agreement of all parties and components, because I want a government in which everyone participates," revealing his continued contacts with the various parties, including those that still have reservations about his choice.
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