The Markets:
Asian markets closed up about 2% across the board
NIK p 202.01% HSI 2.12% SHANG 2.05%
Our futures are all green currently
DOW green at 3% 23,162 SNP green 2.70% NDX green at 2.41%
europe Stocks, US Futures Extend Gains bloomberg headline
UK markets are currently trading in the green
Precious Metals:
Gold red at 1654 Silver green at 15.66 Copper green at 230 Platinum green at 747
oil is at 34 per https://oilprice.com/
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  0.0000 | 0.0000 | 1192.6000 | 1192.1000 | 1192.6000 |  0.3000 | 00:00 |
| USD/VND | 23631.0000 | 23634.0000 | 23437.4300 | 23437.4300 | 23437.4300 | 14.9000 | 01:30 |
| USD/CNY | 7.0577 | 7.0597 | 7.0916 | 7.0537 | 7.0913 | -0.0339 | 04:38 |
| USD/KWD | 0.3113 | 0.3123 | 0.3108 | 0.3108 | 0.3108 | -0.0002 | 04:23 |
| GBP/USD | 1.2291 | 1.2293 | 1.2348 | 1.2165 | 1.2228 | 0.0064 | 04:38 |
| USD/IRR | 0.0000 | 0.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 97.5000 | 00:00 |
| USD/IDR | 16136.0000 | 16166.0000 | 16459.0000 | 16098.0000 | 16454.0000 | -320.0000 | 04:38 |
Things in the News:
Residents Alarmed after Cops Use 'Purge Siren' to Signal Start of Curfew...
Plane Flyovers, Video Surveillance Enforce in Detroit...
Plane Flyovers, Video Surveillance Enforce in Detroit...
The private-equity industry is pressing members of Congress and senior Trump administration officials, including President Donald Trump's son-in-law Jared Kushner, to help them gain access to billions of dollars of stimulus funds to protect their riskier investments.
The rush of behind-the-scenes jockeying by the powerful financial sector has raised the prospect that an industry often known for slashing workforces could tap into the program designed as a life raft for small businesses.
Airlines want $50 billion bailout. They spent $45 billion buying back their stock...
Pelosi seeking at least $1 trillion for next round...
Pelosi seeking at least $1 trillion for next round...
Iraqi Articles:
Al-Amiri Coalition announces Sadr’s joining of the Al-Kazimi camp
llink
Al-Fateh parliamentary bloc revealed, on Monday, coordination between its president, Hadi al-Amiri, and the leader of the Sadrist movement, Muqtada al-Sadr, to nominate the head of the intelligence service, Mustafa al-Kazemi, for prime minister.
"The blocs represented by Fatah, wisdom, the rule of law, virtue, and the national contract held a meeting yesterday, Sunday, and they agreed to nominate Al-Kazemi to the position of prime minister instead of the current commissioner, Adnan Al-Zrafi," said Al-Fath deputy, Amer Al-Fayez, to Shafaq News.
He added that "the meeting was held in coordination between the head of the Al-Fateh Alliance Hadi al-Amiri and the leader of the Sadrist movement Muqtada al-Sadr, in the light of this coordination. Mustafa al-Kazimi was nominated as prime minister."
The leaders of the state of law Nuri al-Maliki, Al-Fath Hadi al-Amiri and the stream of wisdom, Ammar al-Hakim, agreed on Sunday on the replacement of Prime Minister-designate Adnan al-Zorfi, this came during a meeting between the three leaders, according to Shafaq News, a source close to the leader of the wisdom movement, Ammar al-Hakim.
The source said that "the three leaders agreed to assign the current Iraqi intelligence chief, Mustafa al-Kazemi, a substitute for the current prime minister-designate, Adnan al-Zarfi."
For his part, the leader of the Al-Fath Alliance, Saad Al-Saadi, told Shafaq News, "The political majority rejects Prime Minister-designate Adnan Al-Zrafi, and the Shiite forces are very close to agreeing on an alternative figure for him, and they will announce it very soon," considering that "not to apologize for Zarfi is a waste of time is not Except".
Al-Saadi explained that "the ministers in charge of Adnan Al-Zarfi are currently working on exploiting the time factor, with the aim of continuing American pressures on some Iraqi political parties, to support and support Al-Zarfi, as he is currently dependent on American pressure, as he is well aware that he will not pass in the Iraqi parliament."
Al-Kazemi’s name can only be presented as a candidate if Al-Zarfi fails to pass his government in Parliament within the constitutional deadline.
Al-Zarfi is rejected by Shiite currents and they consider him too close to America, while armed Shiite factions close to Iran describe him as an agent of the American intelligence.
The Al-Maliki, Al-Amiri and Al-Hakim agreement comes after a recent visit by the leader of the Iranian "Quds Force", Ismail Qani, to Iraq, in an effort to rapprochement between the Shiite forces on forming the forthcoming government, according to observers.
Parliament Rapporteur Khadija Ali had informed Shafaq News on Sunday that a request had been received from Al-Zrafi to parliament to determine whether or not to give his government a confidence session.
This request came one day after Al-Zarfi presented his government program to Parliament, which includes holding early elections within a year.
He added that "the meeting was held in coordination between the head of the Al-Fateh Alliance Hadi al-Amiri and the leader of the Sadrist movement Muqtada al-Sadr, in the light of this coordination. Mustafa al-Kazimi was nominated as prime minister."
The leaders of the state of law Nuri al-Maliki, Al-Fath Hadi al-Amiri and the stream of wisdom, Ammar al-Hakim, agreed on Sunday on the replacement of Prime Minister-designate Adnan al-Zorfi, this came during a meeting between the three leaders, according to Shafaq News, a source close to the leader of the wisdom movement, Ammar al-Hakim.
The source said that "the three leaders agreed to assign the current Iraqi intelligence chief, Mustafa al-Kazemi, a substitute for the current prime minister-designate, Adnan al-Zarfi."
For his part, the leader of the Al-Fath Alliance, Saad Al-Saadi, told Shafaq News, "The political majority rejects Prime Minister-designate Adnan Al-Zrafi, and the Shiite forces are very close to agreeing on an alternative figure for him, and they will announce it very soon," considering that "not to apologize for Zarfi is a waste of time is not Except".
Al-Saadi explained that "the ministers in charge of Adnan Al-Zarfi are currently working on exploiting the time factor, with the aim of continuing American pressures on some Iraqi political parties, to support and support Al-Zarfi, as he is currently dependent on American pressure, as he is well aware that he will not pass in the Iraqi parliament."
Al-Kazemi’s name can only be presented as a candidate if Al-Zarfi fails to pass his government in Parliament within the constitutional deadline.
Al-Zarfi is rejected by Shiite currents and they consider him too close to America, while armed Shiite factions close to Iran describe him as an agent of the American intelligence.
The Al-Maliki, Al-Amiri and Al-Hakim agreement comes after a recent visit by the leader of the Iranian "Quds Force", Ismail Qani, to Iraq, in an effort to rapprochement between the Shiite forces on forming the forthcoming government, according to observers.
Parliament Rapporteur Khadija Ali had informed Shafaq News on Sunday that a request had been received from Al-Zrafi to parliament to determine whether or not to give his government a confidence session.
This request came one day after Al-Zarfi presented his government program to Parliament, which includes holding early elections within a year.
Dollar exchange rates are back on the Iraqi market
The exchange of the dollar rose on the stock market and local markets, Tuesday, (April 7, 2020).
The prices of the Kifah Stock Exchange - Baghdad recorded 124,500 dinars per 100 dollars.
Buying and selling prices in banking shops
The sale price of the dollar =125,500 dinars.(Read as 1255 to 1)
The purchase price of the dollar = 123,500 dinars.
Governmental advisor: low oil prices will change the structure of the Iraqi budget
link in this picture below this is how they taught about the new 25k note and I believe they will do the same for the lower denoms too
The economic advisor to the Prime Minister, Mazhar Muhammad Salih, denied the posting of the general budget bill for the year 2020 to next year, but stressed that a drop in oil prices would change its structure.
Saleh Shafiq News said, "The news that talks about the transfer of the draft budget for the year 2020 to the next year is incorrect, because the budget is still present with the government and will not leave or disappear like the 2014 budget."
He added that "the price per barrel was estimated in the budget at 56 dollars, but after the decrease in oil prices, it will be restructured, given that its dependence on 90% of oil imports."
Saleh said, "The general budget will secure the salaries of state employees and the importance of projects. Either other matters will go into the 2021 budget."
He added that "the price per barrel was estimated in the budget at 56 dollars, but after the decrease in oil prices, it will be restructured, given that its dependence on 90% of oil imports."
Saleh said, "The general budget will secure the salaries of state employees and the importance of projects. Either other matters will go into the 2021 budget."
In Iraq ... the launch of an advance of 25 million dinars via a mobile phone
The Rafidain Bank directed the employees of the endemic state departments to pay their salaries to the bank by submitting an advance of 25 million dinars through the online platform.
The media office of the bank said in a statement that the electronic platform has been launched for employees wishing to grant an advance of 25 million dinars, where the employee can apply through the mobile phone and through the following link https://qi.iq/loans.
He pointed out that the bank used advanced modern technology for this platform and employees should take advantage of this electronic technology to obtain the advance
The media office of the bank said in a statement that the electronic platform has been launched for employees wishing to grant an advance of 25 million dinars, where the employee can apply through the mobile phone and through the following link https://qi.iq/loans.
He pointed out that the bank used advanced modern technology for this platform and employees should take advantage of this electronic technology to obtain the advance
Washington intends to monitor the Central Bank of Iraq for this reason
The Lebanese MTV channel revealed, today, Tuesday, the US administration's intention to place the Central Bank of Iraq under supervision for its involvement in withdrawing the dollar illegally, she said.
The channel said that its sources in the American administration told it that Washington was preparing for the possibility of putting the Iraqi Central Bank under surveillance because of its "involvement in illegally withdrawing the dollar and smuggling it to Iran and its arms in the region."
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 CURFEW EXTENDED to APRIL 11th
Taha Ahmed Abdel Salam Duran Soran
Shares Traded: N/A
Value Traded: N/A
4-6-2020 *** Dinar Guru Update *** The CBI official market rate for the dinar has not been updated since 3-16-2020 - The last reported market rate is 1203.455. Several gurus have mentioned the market rate has increased (which means the value has gone down) in certain Iraqi markets. We're waiting to see what the CBI reports when they officially update. You can always see the official Central Bank of Iraq rates on the left side of this page...
4-7-2020 Intel Guru Footforward ...I'm wanting to encourage people not to give up. It's my opinion the RV is close. It's my opinion the finish line is not far away. Finish well. That's the point I'm trying to make.
4-6-2020 Newshound Guru MilitiaMan Article quote: "In the context of the corona crisis and its associated cash crisis, a new currency-foreign exchange mechanism or tool should be adopted to support the banking and banking sector, as the central bank of Iraq has stopped selling the dollar in cash to the exchange companies through Banks...and then they make payments according to the customer's desire, either in cash or in the account balances of electronic cards to the public..." This sure looks like the MEETING went well today. They are talking about the NEW CURRENCY! A MECHANISM to support the Banking Sector that will be facilitated by use for electronic cards... Wow, things are moving along now very nicely! imo.
4-6-2020 Intel Guru Frank26 ...IMO the introduction of the new small category notes will be with a fixed rate - regardless if it's pegged to a basket with another currency or regardless if it's pegged to the American dollar...I see 1 to 1 in the country. But then when the dinar is established enough internally and has permeated the banking structure and the markets of the world...then you're going to see confidence being built in the Iraqi dinar...then you're going to see stability for the Iraqi dinar internationally...
4-6-2020 Intel Guru RayRen98 ...News saying after long delay, China is preparing to close the "deal of the century" on oil with Iraq next week. The auctions started back...after being down since March 17...selling dollars only. News ticker on Iraqi TV broadcasts Al Zarfi saying that his government is ready and will be presented to Parliament within 48 hours.
4-6-2020 Newshound Guru Jeff ...Iraq can produce oil at about $10.70 per barrel. Back in 2016 it only cost Iraq about $11 a barrel to create it...just yesterday [Friday] Brent oil which is what Iraq works on...was already at $34 a barrel..they only need $44 to really fund the country...they only need oil about $45 to $50 a barrel to really fund their costs and obligation to run the country...
4-6-2020 Intel Guru MarkZ [via PDK] I’ve talked to the folks in Europe and Aisia…My bankers at this point are looking at mid April…All my banker contacts are looking at after Easter Weekend. The people I know at redemption centers...are busy putting in protocols for safety right now. I do not think you will be swabbed at the exchange. They are putting in sneeze guards and stuff like that which I think is a positive sign they are getting ready for us… Big stuff over the weekend in Iraq...pay attention to world events....this is going REAL FAST...there has been a lot of good news guys, world leaders have openly talked about the reset…even my local bankers have talked about the reset…it’s becoming a main street conversation which is huge. …we all just need to wait it out and watch the show…it’s happening.
4-6-2020 Newshound Guru Chattels The current premier-designate has until April 16 to form the next cabinet and be approved by the majority of the parliament – or face a similar fate as Allawi, who failed to get his cabinet of independent technocrats approved after rebellion from Sunni, Kurdish, and some Shiite parties. We shall see...
4-6-2020 Newshound Guru Pimpy Yes, the currency auctions are open. Yes there was an auction today. They did not sell any physical cash but they did sell digital cash. So the currency auctions are open... [Reference Guru Jeff's 4-6-2020 post]
4-6-2020 Newshound Guru Jeff ...even though they told you in the news that they actually have resumed the currency auctions they didn't sell anything. There were zero sales. That's the same as not having currency auctions...
4-6-2020 Newshound Guru Jeff Article "Al-Zarfi reveals the date of the parliamentary to vote on the new government" ...that will be approximately Wednesday to Thursday of this week we're entering into now.
4-6-2020 Newshound/Intel Guru BGG [Reference Mike Cottrell post 4-3-2020: "As far as Exchange protocols have always been to have a DeLarue machine verify each currency. I assume it would still be a sanitary way to do it with minimal contact"] ...None of this is accurate. The De La Rue machine is not an automated authentication protocol. Anyone saying it is – or speaking as an “authority” on the subject is making it up as they go. It is a high end counter and “screening device” – IT DOES NOT AUTHENTICATE ANYTHING. I have spoken to the engineers who designed it (in London) on a number of occasions. This was their description directly to me. Had it been the device everyone is claiming – I would have bought (or leased) one. It is not.
4-6-2020 Intel Guru Frank26 ...IMO the introduction of the new small category notes will be with a fixed rate - regardless if it's pegged to a basket with another currency or regardless if it's pegged to the American dollar...I see 1 to 1 in the country. But then when the dinar is established enough internally and has permeated the banking structure and the markets of the world...then you're going to see confidence being built in the Iraqi dinar...then you're going to see stability for the Iraqi dinar internationally...
4-6-2020 Intel Guru RayRen98 ...News saying after long delay, China is preparing to close the "deal of the century" on oil with Iraq next week. The auctions started back...after being down since March 17...selling dollars only. News ticker on Iraqi TV broadcasts Al Zarfi saying that his government is ready and will be presented to Parliament within 48 hours.
4-6-2020 Newshound Guru Jeff ...Iraq can produce oil at about $10.70 per barrel. Back in 2016 it only cost Iraq about $11 a barrel to create it...just yesterday [Friday] Brent oil which is what Iraq works on...was already at $34 a barrel..they only need $44 to really fund the country...they only need oil about $45 to $50 a barrel to really fund their costs and obligation to run the country...
4-6-2020 Intel Guru MarkZ [via PDK] I’ve talked to the folks in Europe and Aisia…My bankers at this point are looking at mid April…All my banker contacts are looking at after Easter Weekend. The people I know at redemption centers...are busy putting in protocols for safety right now. I do not think you will be swabbed at the exchange. They are putting in sneeze guards and stuff like that which I think is a positive sign they are getting ready for us… Big stuff over the weekend in Iraq...pay attention to world events....this is going REAL FAST...there has been a lot of good news guys, world leaders have openly talked about the reset…even my local bankers have talked about the reset…it’s becoming a main street conversation which is huge. …we all just need to wait it out and watch the show…it’s happening.
4-6-2020 Newshound Guru Chattels The current premier-designate has until April 16 to form the next cabinet and be approved by the majority of the parliament – or face a similar fate as Allawi, who failed to get his cabinet of independent technocrats approved after rebellion from Sunni, Kurdish, and some Shiite parties. We shall see...
4-6-2020 Newshound Guru Pimpy Yes, the currency auctions are open. Yes there was an auction today. They did not sell any physical cash but they did sell digital cash. So the currency auctions are open... [Reference Guru Jeff's 4-6-2020 post]
4-6-2020 Newshound Guru Jeff ...even though they told you in the news that they actually have resumed the currency auctions they didn't sell anything. There were zero sales. That's the same as not having currency auctions...
4-6-2020 Newshound Guru Jeff Article "Al-Zarfi reveals the date of the parliamentary to vote on the new government" ...that will be approximately Wednesday to Thursday of this week we're entering into now.
4-6-2020 Newshound/Intel Guru BGG [Reference Mike Cottrell post 4-3-2020: "As far as Exchange protocols have always been to have a DeLarue machine verify each currency. I assume it would still be a sanitary way to do it with minimal contact"] ...None of this is accurate. The De La Rue machine is not an automated authentication protocol. Anyone saying it is – or speaking as an “authority” on the subject is making it up as they go. It is a high end counter and “screening device” – IT DOES NOT AUTHENTICATE ANYTHING. I have spoken to the engineers who designed it (in London) on a number of occasions. This was their description directly to me. Had it been the device everyone is claiming – I would have bought (or leased) one. It is not.
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)
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
A deputy confirms that there is an agreement to send a new candidate to the President of the Republic instead of Al-Zarfi
4/6/2020 20:52 • 4 times read
Where is Baghdad?
The representative of the Parliamentary Bloc of Parliament, Hassan, revealed that he supported an agreement to send a new candidate to replace the taxpayer to the President of the Republic.
He said, in support of the Iraqi News Agency: “The political forces met yesterday at the home of the leader of the Al-Fath coalition, Hadi al-Amiri, in the presence of both the head of the State of Law coalition, the head of the al-Hikma stream, the leader of the Ata Movement and some other Shi’ite personalities. .
He added that "the meeting resulted in an agreement to choose Mustafa Al-Kazemi as a substitute for the Prime Minister-designate Adnan Al-Zarfi and inform the President of the Republic in an official letter."
He added that “all the Shiite forces, including victory and others, have agreed to find an alternative to Zarafi and inform the President of the Republic about that.” We are now faced with three options, either waiting for the term of Zarrafi’s term to expire, or Parliament’s refusal to hold an extraordinary session, or Zarrafi’s apology On commissioning. ”
Both the Al-Fateh Alliance, the State of Law Coalition, the National Contract Bloc, and the National Approach, refused to assign Al-Zrafi to President Barham Salih, and I promised that in violation of all constitutional contexts and political norms.
On Saturday, the Information Office of the Speaker of Parliament, Muhammad al-Halbousi, announced that the latter had received the ministerial curriculum provided by Prime Minister-designate Adnan al-Zorfi.
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ARTICLE 4
Iyad Allawi: The program of the interim government should be limited to these matters
4/6/2020 16:51
Where is Baghdad?
Iyad Allawi, leader of the National Coalition, considered that the next government will be temporary and do not need a prolonged government program, stressing that the program should be based on several tasks, foremost of which is holding early elections.
Allawi said in a statement today, Monday, that "the next government will be a mini-interim government that does not need a lengthy government program," explaining that "the program of the next government should be based on several tasks, foremost of which is the early elections and the exact date set in addition to the formation of a special court by presidential decree to try the killers of demonstrators."
He called on Allawi to "work to release innocent detainees from peaceful demonstrators and to ensure the treatment of the wounded and the handicapped or those who have committed crimes or attacks against them in the demonstration arenas."
Allawi stressed "the need for the program to include an integrated plan to combat corruption, steal state funds and hold perpetrators accountable, and assign a committee of distinguished experts to work on preparing remedies to save economic conditions and start converting the Iraqi economy into a product instead of being a rentier."
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ARTICLE 5
Al-Araji: What is happening in Iraq is caused by the political hypocrisy of Islamic movements
4/6/2020 13:50 •
Baghdad-where]
The former deputy prime minister, Bahaa al-Araji, accused the two political parties and factions of claiming to be an Islamist movement by practicing political hypocrisy.
Al-Araji said, in a tweet on his account on the "Twitter" website, that "everything that happens on the Iraqi scene is far from the content of political action, but rather is the eye of political hypocrisy."
He added, "Unfortunately, it is the blocs and parties that claim their affiliation with the Islamic trend that exercises this hypocritical role."
Al-A’raji’s tweet comes at a time when Prime Minister-designate Adnan Al-Zorfi announced yesterday that the Presidency of the Council of Representatives will set a session in the near future to vote on his cabinet, indicating that “his mandate is constitutional and came with parliamentary and political confidence.”
He added, "Unfortunately, it is the blocs and parties that claim their affiliation with the Islamic trend that exercises this hypocritical role."
Al-A’raji’s tweet comes at a time when Prime Minister-designate Adnan Al-Zorfi announced yesterday that the Presidency of the Council of Representatives will set a session in the near future to vote on his cabinet, indicating that “his mandate is constitutional and came with parliamentary and political confidence.”
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