Wednesday, March 18, 2020

WOTS WED MAR 18 2020

WOTS WED MAR 18 2020

Markets:
Dow red to start 821  20039    SNP all about 4 % down   NDX4.44%  

nik closed down 1.68  HSI  4.18  SHANG  1.83%

uk markets currently open and red  



Precious Metals:
Gold  1503  red  Silver 12.39    Copper  230.35 red  platinum 649.38

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1166.3000  1220.9000 1192.4000 1192.4000 1192.4000  0.8000 07:06
 USD/VND  22916.3300  23645.0400 23254.6500 23233.1500 23233.1500  22.3400 07:06
 USD/CNY  7.0252  7.0272 7.0251 7.0060 7.0060  0.0192 07:14
 USD/KWD  0.3096  0.3106 0.3101 0.3093 0.3094  0.0006 07:00
 GBP/USD  1.1887  1.1888 1.2129 1.1872 1.2051  -0.0164 07:15
 USD/IRR  0.0000  0.0000 42097.5000 42097.5000 42097.5000  97.5000 00:00
 USD/IDR  15425.0000  15425.0000 15463.0000 15003.0000 15044.0000  378.0000 07:13

Things in the News:



CASH FOR THE PEOPLE!
'RECESSION' OR 'DEPRESSION'
GOVT WANTS PHONE DATA TO TRACK SICK



IRaqi Articles:
Iraq market stops its activities for days due to the embargo 
The Iraq Stock Exchange announced, on Tuesday, that it would suspend its activities for a period of 6 days as a result of the ban.
The market said in a statement, Alsumaria News received a copy of it that "the Governing Council decided, based on the decisions of the Health Crisis Cell, not to organize trading sessions and stop trading activity in securities as of Tuesday for a period of 6 days."

He added that "the ban will enable brokerage firms and investors to complete financial settlements between them and the clearing bank until Monday, March 23," noting that "the trading session will be organized after the suspension on Tuesday, March 24, according to instructions and rules."

It is noteworthy that the Iraq Stock Exchange was established in June 2004, and was previously dependent on manual trading. In April 2009, electronic trading was partially approved by some companies, and electronic trading began for the companies registered in the year 2010, and 104 companies belonging to eight sectors are trading in the market Banking, industrial, hotel, tourism, agricultural, investment, and insurance, in addition to communications.

Deputy: Al-Halbousi will support passing Al-Zarfi in exchange for 6 ministries

On Tuesday, independent deputy Bassem Khashan expected that Parliament Speaker Mohamed Al-Halbousi would support the passing of the Prime Minister-designate Adnan Al-Zarfi in the parliament in exchange for six ministries.
Khashan said in a statement to the "information", that "Al-Zrafi will not pass in the parliament, and his fate will be similar to Muhammad Tawfiq Allawi, as he did not submit to the will of the political blocs."
He added that "the position of the Kurdish blocs from the former Prime Minister Haider al-Abadi will affect the passage of al-Zarfi as being from the same parliamentary blocs," noting that "Al-Halbousi will support Zarfi in the event that he gets the six ministries."
And that "Al-Zrafi, in the event that Al-Halbousi is granted the ministries he desires, will lose the support of a large part of the Sunni blocs of Osama Al-Nujaifi, as well as the loss of a large part of the Shiite blocs," explaining that "passing Al-Zorfi is difficult and may fail within the House of Representatives."
On Tuesday, Representative Salem Salem of the Sadikoun Parliamentary Bloc described the Prime Minister-designate Adnan Al-Zorfi as a “Joker”, in what he considered as his commission to betray the blood of the martyrs.
Tahrir Square protestors announce the suspension of their presence and the suspension of events and activities due to concerns about Corona
On Tuesday (17 March 2020), the Tahrir Square protestors announced the suspension of their presence in part and the suspension of events and activities due to concerns about .Corona
The sitters said in a statement, "Their presence in Tahrir Square will be partially suspended in the square, so that they will not have large gatherings, with stopping all their activities of ".marches and cultural activities inside and outside the square until the end of the crisis
He added, "This is for the sabbatical to form mobile teams whose mission is to purify and sterilize all roads and shops in Tahrir Square and outside, and we also call on our dear people to abide by the preventive measures until the epidemic is contained and access to treatment ".that eliminates it

Al-Sadr: The struggle of Shiite politicians, who no longer endures, is what changed the selection mechanism

The leader of the Sadrist movement, Muqtada al-Sadr, described the struggle of Shiite politicians as what is no longer tolerable, and that it was he who changed the mechanism for choosing the prime minister in charge of forming the government, while he pointed out that whether the candidate was in accordance with the controls or not, this is an Iraqi matter and there is no reason for interference from neighboring countries or others, nor Sima occupied.
Al-Sadr said in a tweet on the platform "Twitter," that "whether the candidate is according to the controls or not, then this is a matter that belongs to us, and we Iraqis only."
He added, "Whether the selection mechanism is correct or not, it is a purely Iraqi matter." He pointed out that “there is no need for our friends from neighboring countries or others, especially the occupier, to enter.” And
he continued, “And you learned that the Shi’ite politicians’ struggle is no longer tolerable, that changed the selection mechanism, pointing out that “their choices are for incompetent people or their differences and their disagreement with A candidate has called for choosing someone who is not close to us and you. "
He continued, "Generally, I am not going to give an opinion about this candidate or others, but rather what matters most to Iraq’s sovereignty.
On Wednesday, President of the Republic, Barham Salih, assigned the head of the parliamentary victory bloc, Adnan Al-Zarfi, the tasks of forming the new government, while the latter faces a clear rejection by prominent blocs such as Fatah, the state of law, the national contract, the national approach, and wisdom.

An American magazine investigates Khamenei as the regime's casualties widen


Last week, Atlantic magazine said that the problem of coronavirus in Iran is much greater than is generally recognized, and that the actual number of cases may be hundreds of times greater than the official number, and the magazine put a number of question marks about the suspicious disappearance of the Iranian guide Ali Khamenei.

The Washington Post had shown that satellite imagery showed mass graves in Qom, and it was reported that huge numbers of COVID-19 victims who had already died in that city were buried. Other regions in Iran complained that the area of the graves had been carried out, and that in some cases more than one body had been buried in one grave.
As for the government, it is another matter, according to the magazine. Many Iranians will celebrate its downfall, and even its supporters have been watching the signs that the Corona virus will stimulate the changes that should have come long ago, but the authoritarian structure of the system makes it almost impossible to do so.
The previous leadership change came in 1989, not as a result of a recent political process but because of Khomeini’s death, and his deputy Ali Khamenei took office and ruled since then and is now almost 81 years old.
And given the number of people killed, news of the illness of the top leaders continues to flow, and at some point the seat of the deep mullahs will dry up. Hashem Bathai Gulbayghani, a member of the Council of Experts on Leadership, recently died of the virus.
And former foreign minister Ali Akbar Velayati announced last week that he had contracted the coronavirus, at the age of 74, and he was still cunning, and the chief adviser to Khamenei, who spoke to him regularly and personally.
In the event that my state dies because of the coronavirus, it will be the most important figure in the system to die since the killing of the Quds Force Commander of the Revolutionary Guard, Qassem Soleimani.
Of course, the center of all speculation is the Supreme Leader himself. Khamenei does not appear in public places often, even at the best of times, you should be somewhat fortunate to discover him - except on a few occasions where his appearance is so familiar that absenteeism will make everyone, allies and enemies, question whether the coronavirus I might drop it too.
And as it happens, one of the occasion is this week: the Persian New Year, or Nowruz, which this year coincides with the middle of the coronavirus season. Last year, Khamenei stood at the largest pilgrimage site in Iran, the tomb of Imam Reza in Mashhad, and gave a long speech almost like Fidel Castro detailing policies and plans.
This year, Iran canceled the speech 10 days ago, "due to health recommendations to prevent the spread of the Coruna virus."
"Wasn't Khamenei unable to deliver a speech from a studio? Is this not the ideal opportunity, on the first day of spring, to discuss the renewal process that Iran will have to undertake to restore its commitment to the ideals of its revolution?" The magazine asked.
For the past two weeks, speculation has been rampant. Certainly, to convey the rumors, Khamenei has the virus! Aside from these rumors and if he does not appear in good health in front of the camera this year, many will assume that he is under the delirium of fever somewhere.
And in any other year, such a absence could, in and of itself, raise speculation about a stroke or even a coup. (Imagine if the US president failed to appear in the State of the Union speech, or even on the occasion of the amnesty for the turkey on Thanksgiving). What might save Khamenei is the simple truth that the entire Iranian nation is suffering together, and it is not clear what health institutions are enough to compete with his leadership. Iranian Revolutionary Guard officers suffer from COVID-19, just as they do with civilians.
In Iran, popular protests cannot simply happen on the streets as long as the workforce in those protests is trapped at home, and as long as morale is completely exhausted due to the task of burying loved ones, according to Atlantic magazine. The task of regime change may have to wait, at least the epidemic will eventually end, and with its end, change is something else the Iranians are looking for.
CBI, ISX,Dinar Guru:
 
CBI Update:
 
Click on the link above for the latest update.

The CBI for Wednesday March 18th rate is 1190.

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

Dinar Guru Chatter:
3-18-2020   Newshound Guru MilitiaMan  "Iraq market: stop the organization of trading sessions and trading activity in securities as of tomorrow"  Quote:  "...the suspension of stock dealings from Tuesday 2020/3/17 to enable brokerage and investment companies to complete financial adjustments between them - starting again on 2020/3/24."  Oh!!! Man!!! They have to have things adjusted within that time frame above! Everything needs to be done and dusted by then!!! IOO, they'll do this with Mahdi ioo...in other words we are getting paid!!!
3-17-2020   Newshound Guru Pimpy    Article "Saleh assigns Adnan Al-Zarfi to form new Government"  I talked about this happening and this should not be surprising.  I hope they do this...Mahdi has failed to get anything accomplished while he was there.  They had a transitional PM, it really went to crap...what I like about this...they should be dissolving the parliament.  Quote:   "Article 81...stating that if parliament does not vote for him on whom he chooses that any president of the Republic can dissolve the parliament."  ... parliament really is the problem.  They're not getting anything accomplished because they refuse to work together...I'm happy they're talking about dissolving the parliament.  Let's hope that happens. 

3-17-2020   Newshound Guru Jeff  ...If anyone goes to exchange their dinar right at a bank there's a very good change you're most likely gonna to pay roughly 1% in exchange fees off the top...that would be their fee.  One direction I'm gonna go...I'm probably gonna go through Wells Fargo.  They have what's called PCS (Private Client Services).  I've already talked to my financial adviser over there and he said...as long as there's enough foreign currency involved he can get me a better exchange rate than a traditional bank branch can.  So that's one of the routes and directions I'm gonna go when this does happen... [Speak with your own financial advisors and tax professionals at the appropriate time.]

3-17-2020   Intel Guru MarkZ   ...we are still sitting here eating popcorn and watching the show. It is unfolding hot, and heavy and hard...They have to reset the currency now…they have nothing left…there is nothing you or I can do but watch it play out.  [...they have appointed a new PM in Iraq.  Has 30 days to appoint cabinet.]  I heard that…I heard from one contact in Iraq who says they expect to start depegging on Wed. of their currency…that may be the “go” for us...

3-17-2020   Newshound Guru Pimpy  ...it's interesting that the Iraq Stock Exchange said it will not organize trading sessions and stop trading activities in securities as of tomorrow...I saw another article that said they would not reopen until March 22nd...Is that a date that just keeps magically popping up?... I do know the stock exchange has stopped its activity.  Why?  That's a good question.  They're gonna say it's the oil crisis but even so that shouldn't stop people from going ahead and working with the stock exchange as far as buying from home...Does this mean anything?  Maybe they are making the adjustments for the new rate.

3-17-2020   Intel Guru RayRen98   President Salih appoints Adnan Al Zurfi as Prime Minister designate. He now has 30 days to form his cabinet which he must then put to a vote of confidence in Iraq's fractious Parliament. The US approves him...he was verbally against the political leaders not listening to the demands of the citizens.  Al Zurfi was a former official of the US-run authorities that took over Iraq after the 2003 US invasion that deposed former ruler Saddam Hussein.  Al Zurfi has deep ties that favor the US and he may face a very difficult time from the blocs.

3-17-2020   Newshound Guru Jeff   As of Tuesday the 17th they'll be stopping trading [ISX stock exchange]...Remember the stock market uses the rate for trading so they need to stop trading to give them time to change the rate.  Just more confirmation...They're gonna stop trading as of today the 17th  and then they're going to resume on the 24th.

3-17-2020   Intel Guru BobTheTaxMan   As you have probably seen, the situation in Iraq is getting desperate.  Oil prices are below $30 now, they are cutting all government employees income by half, and their government is scrambling to come up with an answer.  While they can not broadcast anticipating a gain in their currency to the public, every indicator is they are seriously considering that option.  (At least that would make the most sense.)...

3-17-2020   Intel Guru Frank26   Question What's the next ting that we should look for?  The GOI to make a move or will the CBI go on with the reinstatement instead of waiting for the GOI to catch up?  ...I'm looking for the new Prime Minister.  And I hope with a budget and a rate and if not I'm looking for the Prime Minister and then I want him to show me his cabinet...[then] how about now we get the new rate for the budget...


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

The Cabinet examines measures to tackle the Corona virus and assures citizens of the availability of food and supplies

The Council of Ministers held its regular session, today, Tuesday, March 17, 2020, headed by the Deputy Prime Minister and Minister of Oil, Dr. Thamer Al-Ghadban. The Council discussed health developments in the face of the Corona virus, and the Minister of Health and Environment, Dr. Jaafar Sadiq Allawi, gave a briefing on the efforts of the ministry and the crisis cell And on the latest statistics of injuries and deaths, and the efforts of ministries and support agencies, and stressed that the situation in Iraq is witnessing remarkable progress in facing the outbreak of the virus and achieving success in protecting Iraqis from it.

The Cabinet also discussed preparations to ban the curfew and confirmed the adequate and reassuring availability of food and needs to the citizens.

It was agreed to accept the donation by supplying the necessary supplies and materials related to the Corona virus, such as (fumigation materials, fogging devices, sprays, paws, etc.) under the supervision of Crisis Cell No. (55) for the year 2020 and receiving them duly.

The Council approved the recommendation of the Central Cancellation Committee at the Ministry of Commerce regarding the deletion of Australian wheat contaminated with gas detailed in the minutes of the attached deletion committee linking the letter of the Ministry of Trade and its carrying amount is (34827720) dinars, only thirty four million and eight hundred and twenty seven thousand seven hundred and twenty dinars for a quantity of (34) Tons and 620 kg), and (13124160) dinars only thirteen million, one hundred and twenty four thousand and one hundred and sixty dinars, for a quantity of (30 tons and 240 kg) according to the provisions of Article (46 / ninth and tenth) of the Financial and Federal Administration Law No. (6) For the year 2019.

The Council of Ministers approved the recommendation of the Council for Social Services regarding the adoption of the twentieth day of the month of Safar of each year (the fortieth Imam Al-Hussein, peace be upon him) Iraqi day for volunteer work.

The Council agreed to form a committee headed by a representative of the Ministry of Commerce and a membership of representatives of the ministries of (Finance and Planning) and the Integrity Commission and the Federal Financial Supervision Bureau and a representative of the owners of private mills in Iraq to study the requests contained in the letter of the Ministry of Trade and provide appropriate recommendations on the subject to the General Secretariat of the Council of Ministers during A period of one month, starting from the date of issuing this decision.

Media office of the Prime Minister
17-March-2020
.
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ARTICLE 2 (from Government of Iraq twitter account)

@IraqiGovt 3-17-2020 around 6:30 am Eastern
President of the Republic @BarhamSalih names @adnanalzurfi as PM-Designate, and asks him to form a new
@IraqiGovt within 30 days, as mandated by the Constitution.

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ARTICLE 3

Pompeo: America will support the designated Iraqi Prime Minister if he adheres to major principles
3-17-2020

WASHINGTON (Reuters) - US Secretary of State Mike Pompeo said on Tuesday that Iraqi Prime Minister-designate Adnan Al-Zarfi would have the support of Washington and the international community if he supported Iraq’s sovereignty, distanced himself from corruption and protected human rights, among other things.

On Tuesday, the Iraqi president appointed Zorfi as prime minister after several months of turmoil and stalemate, but powerful Shi'ite blocs lined up quickly to reject his nomination.

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ARTICLE 4

Baghdad police chief: All roads and controls are open to the entry of goods and foodstuffs

16/3/2020 21:10 
[Baghdad-where]

Baghdad police chief, Major General Majed Faleh al-Moussawi, confirmed on Monday that all roads and controls are open to the entry of goods and food.

"The patrols of the fixed and mobile leadership have begun to spread throughout the capital as directed by the Minister of Interior and the undersecretary to implement the decision of the crisis cell to start the campaign to prevent corona virus and prepare to implement the curfew in the entire capital," Moussawi said in a statement. From tomorrow at eleven at night. "

The Baghdad police chief called on citizens to "abide by the decisions of the crisis cell," and called on merchants and shop owners to "not raise the prices of foodstuffs and not monopolize the goods."

He added that "all roads and controls are open to the movement of goods and food entering after checking the wheel papers and checking the internal materials," noting that "journalists are excluded from the curfew and allowed to move in Baghdad and the provinces."

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ARTICLE 5

Security forces arrest ISIS in Sulaymaniyah governorate

16/3/2020 21:03
Baghdad-Where
Asayish District, west of Sulaymaniyah, Kurdistan Region, announced today, Monday, that its forces have arrested a person accused of being linked to ISIS.

"In a continuation of the efforts and efforts of its forces to arrest ISIS terrorists or the persons connected with them, it managed to arrest a person named {SAA] accused of having links with the terrorist organization," the statement said.

"After conducting preliminary investigations with the aforementioned person, he confessed that he was linked to the ranks of the ISIS terrorist organization in 2015 and received military training and weapons in Nineveh," the statement added.

The statement indicated that "the accused person is now detained according to Article 2 terrorism by order of the judge," noting that investigations are continuing with him regarding this file.

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ARTICLE 6

Detecting how long the body needs to get rid of the Corona virus

3/17/2020 10:11 
[Follow-up]

A recent study revealed that the average period the body needs to get rid of the new Corona virus is 20 days, and may extend to 37 days.

The study was published in the scientific journal "Lancet", which talked about the risk factors and detailed clinical procedures for the new Corona virus, including the disposal of the virus.

The results of the study were based on the data of 191 patients who were confirmed infected with the virus in two hospitals in Wuhan, the epidemic outbreak center.

Among the 137 patients discharged from the two hospitals, the average period of disposal of the virus from the virus was 20 days, and the longest stretched to 37 days, while it was possible to detect the presence of the virus in the body until the death of non-survivors.

The study also showed the risk factors for the disease, where it was observed that 48% of the patients who were studied, high blood pressure was the most common among them, and the elderly were more likely to die.
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