The Markets: times are 4:30 am cali
The Asia markets closed green NIK up 2.71% HSI up 1.88 % and SHANG up .25%
Our futures are currently green Dow at 23866 up 208 pts or .88% SNP .89% up NDX up 1.21%
UK markets currently trading in the green about 1.7% for 2 and 2.3% for one of them
Precious Metals:
Gold is red at 1717 now Silver is green at 15.57 Copper green at 234 Plat is red at 763
Brent is at 20 WTI at $13
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1166.6000 |  1221.9000 | 1193.1000 | 1193.1000 | 1193.1000 | 1.2000 | 06:04 |
| USD/VND | 23096.0000 | 23833.4500 | 23438.3800 | 23438.3800 | 23438.3800 | -41.8500 | 06:04 |
| USD/CNY | 7.0817 | 7.0837 | 7.0833 | 7.0724 | 7.0808 | 0.0010 | 07:12 |
| USD/KWD | 0.3100 | 0.3110 | 0.3106 | 0.3103 | 0.3106 | -0.0003 | 07:27 |
| GBP/USD |  1.2428 | 1.2429 | 1.2454 | 1.2359 | 1.2368 | 0.0067 | 07:56 |
| USD/IRR | 0.0000 | 0.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 97.5000 | 00:00 |
| USD/IDR | 15483.0000 | 15503.0000 | 15581.0000 | 15344.0000 | 15348.0000 | -99.0000 | 07:56 |
Things in the News:
Iraqi Articles:
The exchange rates of the dollar rose on the Kifah Stock Exchange and local markets, on Sunday, (April 27, 2020).
The prices of the Kifah Stock Exchange - Baghdad recorded 123,800 dinars per 100 dollars.
Buying and selling prices in banking shops
The sale price of the dollar = 124.750 dinars.
The purchase price of the dollar = 122.750 dinars.
America reveals the details of the new exemption for Iraq to import electricity from Iran
A US State Department official said that the United States renewed the exemption granted to Iraq to import Iranian electricity, but this time for a shorter period of time, adding that Washington would re-evaluate whether it would renew the exemption again if a "credible government" was formed in Iraq.
The US official said that Secretary of State Mike Pompeo "granted this brief extension of the exemption, to allow time for the formation of a credible government," adding that the exemption "will expire on May 26."
Iraqi Electricity Minister Loay al-Khatib had said that his country would need between three and four years to stop importing energy from its neighbor.
In statements to S&P Global Platts, part of Standard & Poor's Credit Ratings, oil and gas projects in Iraq will take several years before they reach their production capacity and stop relying on Iranian gas, Al-Khatib said in statements to Standard & Poor's Global Platts.
He explained that "these three to four years must be a timetable without interruption with a government that has full executive authority and without any interference from political entities and in an environment that welcomes investments and multinational participation."
The United States has repeatedly granted exemptions to Baghdad to continue importing Iranian gas and electricity despite its sanctions on Tehran. The last two exemptions were limited to a period of 30 days.
It was expected that Iraq would invest $ 10 billion in oil and gas projects in order to end its dependence on Iran within four years. However, no progress was made on the projects.
Iraqi Electricity Minister Loay al-Khatib had said that his country would need between three and four years to stop importing energy from its neighbor.
In statements to S&P Global Platts, part of Standard & Poor's Credit Ratings, oil and gas projects in Iraq will take several years before they reach their production capacity and stop relying on Iranian gas, Al-Khatib said in statements to Standard & Poor's Global Platts.
He explained that "these three to four years must be a timetable without interruption with a government that has full executive authority and without any interference from political entities and in an environment that welcomes investments and multinational participation."
The United States has repeatedly granted exemptions to Baghdad to continue importing Iranian gas and electricity despite its sanctions on Tehran. The last two exemptions were limited to a period of 30 days.
It was expected that Iraq would invest $ 10 billion in oil and gas projects in order to end its dependence on Iran within four years. However, no progress was made on the projects.
Deputy Al-Fateh: Shiite blocs give Al-Kazemi the freedom to choose their candidates, in contrast to the Sunni and Kurdish powers
MP al-Fateh parliamentary bloc, Mukhtar al-Musawi, revealed on Monday, April 27, 2020, a new stage of negotiations, to be conducted by Prime Minister Mustafa al-Kazemi, with Sunni and Kurdish .components
Moussaoui said in a press statement affiliated to the "obelisk", that the taxpayer will start new negotiations with the Sunni and Kurdish components to address the crisis that the Shiite forces are keeping some candidates in the .cabinet
He added, that the Shiite forces have mortgaged the passing of the government of designate Mustafa Al-Kazemi by obtaining a mandate from the Sunni and Kurdish forces to choose their representatives in the government .booth Al-Musawi said that the Shiite blocs gave Al-Kazemi the freedom to choose their candidates for the ministerial list, .in contrast to the Sunni and Kurdish forces that appointed their candidates for the cabinet
He pointed out that if the Sunni and Kurdish forces refuse to grant Al-Kazemi authorization to choose his ministerial team, the Shiite forces will present their candidates to the new government and withdraw their authorization for him, indicating that the political agreement limited the share of the Shiite house to 12 ministries, . the Sunni component 6 visited, and the Kurds 3 ministries, and minorities one ministry Al-Musawi added that the Shiite blocs are awaiting Al-Kazimi's negotiations with the Sunni and Kurdish powers and the agreements that will accrue to them, and on the basis of which they determine the final position by .nominating new personalities or adopting the names presented by Al-Kazemi
Protests reappear in southern Iraq and wounded
On Sunday, our correspondent in Iraq reported renewed protests in Dhi Qar Governorate, southern Iraq, while he indicated that there were casualties.
The RT correspondent said, "The demonstrators tried to storm the building of the district of Al-Rifai district in Dhi Qar province after they gathered in front of it in protest against the administrative changes that took place in it and the appointment of a district commissioner."
He added that "seven protesters were wounded during an attempt to storm the building and collide with the Iraqi security forces."
He added that "seven protesters were wounded during an attempt to storm the building and collide with the Iraqi security forces."
Saudi Arabia "anticipates" the date of the OPEC agreement and begins to reduce oil production immediately
a source disclosed to Bloomberg Agency that Saudi Arabia started to reduce its oil production a while before the OPEC + agreement to cut production entered into force, which is supposed to start implementation next May.
Saudi state oil company Aramco is reducing production from 12 million barrels per day to 8.5 million barrels.
According to the source, "Aramco" can reach 8.5 million barrels per day, which is the target level reached under the "OPEC +" agreement, before May 1, when the date for starting production reductions will begin.
Under the "OPEC +" agreement, which was reached on April 12, the countries participating in the agreement will reduce production in May and June of this year by 9.7 million barrels per day.
As an indication of the importance of the "OPEC +" agreement, Bloomberg says that due to the production of excess oil on demand, global crude stocks increase by 50 million barrels per week. If this continues, the stocks will be filled by next June.
Saudi Arabia is not the only country from the "OPEC +" group, which started to implement production cuts ahead of schedule, as Kuwait, Algeria and Nigeria spoke of taking a similar step.
CBI, ISX,Dinar Guru:
CBI Update:
Click on the link above for the latest update.
The CBI for rate is 1190.
The currency auction total sales amount $ 152,780,664 Auction held today no cash
ISX Update: Last update 04/26/2020
Shares Traded: 308,538,373
Value Traded: 302,847,464
ISX traded in the red 3.24%
4-27-2020 Newshound Guru Kaperoni Iraq minted coins way back in 2004 in fact a few of them were released and ended up being play toys because of their lack of value. If and when the dinar ever gets to a value that is more appropriate they will release coins and lower denominations.
4-26-2020 Intel Guru Okie_Oil_Man GOOD AFTERNOON AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS...TODAY THE 26TH OF APRIL WILL BE A SUNDAY TO REMEMBER AND CIRCLE ON YOUR CALENDAR. THE REASONS BEING--IT LOOKS LIKE THE FINAL WEEKEND OF THIS WORRYSOME JOURNEY. FROM THE INFORMATION I RECEIVED ... — THE START IN DIFFERENT COUNTRIES OF THE REDEMPTION AND EXCHANGE OPPORTUNITY WE HAVE ALL WAITED FOR. FROM PUBLISHED ARTICLES REGARDING THE I M F AND THE IRAQ SITUATION IN CONJUNCTION WITH THE NEWS OF THE ELDERS AND OTHER OFFICIALS FACILITATING THIS EVENT, THEY ARE ALL STATING THE SAME THING FOR A CHANGE. IT IS SPECULATED THAT THIS ALL--ALL--ALL MUST BE COMPLETED PREVIOUS TO 5-1-2020. MEANING—THEY HAVE TO GET STARTED THIS WEEK SOMETIME. THEY ARE SAYING TUES-WED-THUR—SEEMS OPTIMUM AND MANDATED TIME.
4-26-2020 Intel Guru RayRen98 (from our Iraqi citizen) Saturday - Parliamentary experts on morning Iraqi TV saying due to obstacles, they expect Al-Kazimi to step down very soon. Basically, they are saying it is Iran's way or "no way." The next 48 hours will be crucial. Sunday - Al-Kazimi says to Shiites that he is not apologizing and will present his cabinet in 24 hours to parliament for a vote. Hundreds of militias of the Iran-backing have set up camp outside of Parliament...this is going be interesting.
4-26-2020 Newshound Guru Breitling ...the IMF is rejecting requests for loans from Iraq because the IMF is sitting there looking at Iraq's value in their currency and they're telling them you need to add value to your currency...a lot of people are saying the IMF is rejecting proposals/loans to Iraq because of the corrupt government. No, it's not. It has to do with the oil prices going down. The IMF is going how are you gonna pay this back? They need to add value to their currency. Very very good news for us...
4-26-2020 Newshound Guru MilitiaMan The ISX site is down and my understanding it has been down for a significant amount of time today on and off and even before they started/if they started trading...
4-26-2020 Intel Guru BobTheTaxMan ...we see an immense amount of pressure coming on Iraq to force them to have to do something...to be able to repay their debt by the revaluation of this particular currency they've got...
4-26-2020 Newshound Guru Breitling ...they're not in the position where they're doomed or anything like that. If they do this correctly - add value to their currency, get in the markets and then float the value of their currency based on market needs from a global perspective. That's exactly the conversation they're having - The Ministry of Finance, The Ministry of Planning and the CBI. That's very very good news for us. But the question is, 'Is this a one shot opportunity?' No, it's not a one shot opportunity. There are a couple moves they can make. Are they desperate and need to add value now? Absolutely. But let's say they don't...It's so undervalued there are a couple things they can do. What I mean by a couple things they can do is - what rate they come out at and what time frame they can get to $1.17...
4-26-2020 Intel Guru RayRen98 (from our Iraqi citizen) Saturday - Parliamentary experts on morning Iraqi TV saying due to obstacles, they expect Al-Kazimi to step down very soon. Basically, they are saying it is Iran's way or "no way." The next 48 hours will be crucial. Sunday - Al-Kazimi says to Shiites that he is not apologizing and will present his cabinet in 24 hours to parliament for a vote. Hundreds of militias of the Iran-backing have set up camp outside of Parliament...this is going be interesting.
4-26-2020 Newshound Guru Breitling ...the IMF is rejecting requests for loans from Iraq because the IMF is sitting there looking at Iraq's value in their currency and they're telling them you need to add value to your currency...a lot of people are saying the IMF is rejecting proposals/loans to Iraq because of the corrupt government. No, it's not. It has to do with the oil prices going down. The IMF is going how are you gonna pay this back? They need to add value to their currency. Very very good news for us...
4-26-2020 Newshound Guru MilitiaMan The ISX site is down and my understanding it has been down for a significant amount of time today on and off and even before they started/if they started trading...
4-26-2020 Intel Guru BobTheTaxMan ...we see an immense amount of pressure coming on Iraq to force them to have to do something...to be able to repay their debt by the revaluation of this particular currency they've got...
4-26-2020 Newshound Guru Breitling ...they're not in the position where they're doomed or anything like that. If they do this correctly - add value to their currency, get in the markets and then float the value of their currency based on market needs from a global perspective. That's exactly the conversation they're having - The Ministry of Finance, The Ministry of Planning and the CBI. That's very very good news for us. But the question is, 'Is this a one shot opportunity?' No, it's not a one shot opportunity. There are a couple moves they can make. Are they desperate and need to add value now? Absolutely. But let's say they don't...It's so undervalued there are a couple things they can do. What I mean by a couple things they can do is - what rate they come out at and what time frame they can get to $1.17...
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: Iraq faced the Corona epidemic with courage and success with the testimony of international organizations
The Supreme Authority for Coordination between the Governorates held an extraordinary meeting today, Sunday, headed by Prime Minister Adel Abdul Mahdi, where the meeting opened with a welcome speech, during which he renewed congratulations and blessings by the holy month of Ramadan.
The Prime Minister affirmed that Iraq faces the Corona pandemic with courage and remarkable success and with the testimony of international organizations and outperforms advanced countries in the numbers of casualties and deaths. He added: We were among the first countries to take preventive measures and closed the borders early and applied the curfew before the WHO announced the transformation of the virus To a global epidemic, as well as our concern to transfer the Iraqis stranded abroad and we receive them daily and we cannot leave any Iraqi citizen or give up our responsibility despite all the difficulties that we face in this file, praising solidarity, solidarity and a unified national stand for all Iraqis State policies, religious authority positions, civil society organizations, clans, pulpits, governors, and crisis cells.
The Prime Minister directed the necessity of cooperation between the governors and the executive authorities in a broad manner and understands that the coronation file is national and not local, and it is also global, and that the uniqueness of the procedures does not reflect a correct position, describing the positions of the governors and the crisis cells with courage and large worthy of support, in addition to what they do in accordance with the directives of the committee Supreme National Health and Safety and Diwaniyah Commission 55.
On the economic situation, the Prime Minister said: Despite the dependence on oil and the collapse of its prices, foodstuffs are available, and the agricultural season is one of the benefits and gains achieved and production rates are better than last year, and without this progress we would have faced more difficult conditions, and we have been telling our people about the economic impacts and on us Setting solutions, and how these difficulties occur as the ISIS terrorist gang continues to be confronted.
The conservative gentlemen spoke of Efforts to confront the Corona pandemic and related measures and health, economic and financial conditions in their governorates, Several notes and proposals were discussed and necessary decisions taken.
Media office of the Prime Minister
26-April-2020
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ARTICLE 2 (from Government of Iraq twitter account)
At the time this report was submitted, there are no new tweets posted on the Government of Iraq twitter
account.
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ARTICLE 3
Deputy Al-Fateh: Al-Kazemi will present his final booth today
4/26/2020 15:16
[Baghdad-where]
Member of the Fatah Alliance Fadel Jaber confirmed Sunday that Prime Minister-designate Mustafa Al-Kazemi will present his final ministerial cabinet today to the House of Representatives.
Jaber said in a press statement, "Al-Kazemi completed his cabinet in amending some candidates," noting that he will present it today to the presidency of the House of Representatives.
He added that "the Presidency of the Council of Representatives will set the date for the session to give confidence to the Al-Kazemi government after receiving the cabinet and biographies of the candidates," noting that "all members of the House of Representatives will support the ministers of competence and professionalism."
And a responsible source revealed, yesterday, Saturday, that a meeting will be held this evening between Prime Minister-designate Mustafa Al-Kazemi and a number of political forces to amend the cabinet.
He added that "the Presidency of the Council of Representatives will set the date for the session to give confidence to the Al-Kazemi government after receiving the cabinet and biographies of the candidates," noting that "all members of the House of Representatives will support the ministers of competence and professionalism."
And a responsible source revealed, yesterday, Saturday, that a meeting will be held this evening between Prime Minister-designate Mustafa Al-Kazemi and a number of political forces to amend the cabinet.
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ARTICLE 4
The House of Representatives reveals the voting mechanism for Al-Kazemi's booth
4/26/2020 20:30
Where's the news - Baghdad
On Sunday, the second deputy to the Speaker of the House of Representatives, Bashir Al-Haddad, revealed the mechanism of voting for the cabin of the commissioner, Mustafa Al-Kazemi.
Al-Haddad said in a press statement, "The taxpayer was scheduled to present his booth before Ramadan, but some political parties withdrew their support for Al-Kazemi," stressing that "discussions on forming the ministerial cabinet are ongoing and have not yet reached a result."
Al-Haddad predicted by saying, "Holding a session of granting confidence in the first half of Ramadan or before the constitutional period, if the fate of the cabin is the same as its predecessor."
He pointed out that "holding a session of granting confidence is not a condition for the electronic voting to take place", pointing out that "there is a large hall in Parliament through which spaces can be established between deputies and proceeding with the session."
The representative of the Parliamentary Bloc of Parliament, Hassan Faddham, suggested, earlier, that the composition of the cabinet cabinet assigned to Prime Minister-designate Mustafa Al-Kazemi be decided during the next two days, explaining that the most likely candidates for ministerial positions had received acceptance by the political forces.
On Sunday, the second deputy to the Speaker of the House of Representatives, Bashir Al-Haddad, revealed the mechanism of voting for the cabin of the commissioner, Mustafa Al-Kazemi.
Al-Haddad said in a press statement, "The taxpayer was scheduled to present his booth before Ramadan, but some political parties withdrew their support for Al-Kazemi," stressing that "discussions on forming the ministerial cabinet are ongoing and have not yet reached a result."
Al-Haddad predicted by saying, "Holding a session of granting confidence in the first half of Ramadan or before the constitutional period, if the fate of the cabin is the same as its predecessor."
He pointed out that "holding a session of granting confidence is not a condition for the electronic voting to take place", pointing out that "there is a large hall in Parliament through which spaces can be established between deputies and proceeding with the session."
The representative of the Parliamentary Bloc of Parliament, Hassan Faddham, suggested, earlier, that the composition of the cabinet cabinet assigned to Prime Minister-designate Mustafa Al-Kazemi be decided during the next two days, explaining that the most likely candidates for ministerial positions had received acceptance by the political forces.
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ARTICLE 5
Abdul-Mahdi: Iraq faced the Corona epidemic with courage ... and talks about the economic situation
4/26/2020 21:51
[Follow-up]
Abdul Mahdi: Iraq faced the epidemic of Corona with courage.
And talking about the situation, the Supreme Council for Coordination between the governorates held an exceptional meeting, today, Sunday, headed by Prime Minister Adel Abdul Mahdi, where the meeting opened with a welcome speech, during which he renewed congratulations and blessings by the blessed month of Ramadan.
The Prime Minister stressed, according to a press release, that "Iraq is facing the Corona pandemic with courage and remarkable success, and with the testimony of international organizations, and is ahead of the developed countries in the number of casualties and deaths."
He added, "We were among the first countries to take preventive measures and closed the borders early and applied the curfew before the World Health Organization announced the transformation of the virus into a global pandemic, as well as our eagerness to transfer Iraqis stranded abroad and we receive them daily and we cannot leave any Iraqi citizen or give up our responsibility." Despite all the difficulties we face in this file, praising the solidarity, solidarity, and unified national stance of all Iraqis, state institutions, positions of religious authority, civil society organizations, clans, owners of platforms, governors, and crisis cells. "
The Prime Minister directed "the necessity of cooperation between the governors and the executive authorities in a broad way and understands that the confrontation corona file is national and not local and it is also global, and that the uniqueness of the procedures does not express a correct position, describing the positions of the conservatives and crisis cells with courage and great worthy of support, in addition to what they do according to directions The Higher Committee for National Health and Safety and the Diwaniyah Commission 55 ".
On the economic situation, the Prime Minister said, "Despite the dependence on oil and the collapse of its prices, foodstuffs are available, and the agricultural season is one of the benefits and gains achieved and production rates are better than last year, and without this progress we would have faced more difficult situations, and we are telling our people about the economic impacts and on us Putting solutions, and how these difficulties occur as the terrorist gang of ISIS continues to be confronted. "
The governors talked about the efforts to confront the Corona pandemic and related procedures and the health, economic and financial conditions in their governorates, and many observations and proposals were discussed and necessary decisions were taken.
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