Tuesday, May 5, 2020

WOTS TUES MAY 5 2020

WOTS TUES MAY 5 2020
The Markets: as of 2:30 am Cali time
Asian markets closed mixed  NIK closed down 2.84%  HSI  up by 1.08% SHANG up 1.33%

our futures are currently in the green  DOW up .77% at 23753      SNP at  .73%  NDX  up by .73%

UK markets are currency trading in the repent by no more than 2%  

The exchange rates of the dollar on the stock exchange rose slightly, as it stabilized in the local markets, on Tuesday, May 5, 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.
The purchase price of the dollar = 123,500 dinars.


Precious Metals:
Gold is red at 1699  Silver is green at 14.88 Copper is green at 231 Platinum is red at 767

Brent at 29 WTI at 22


Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1168.4000  1223.4000 1192.4000 1191.5000 1192.4000  2.5000 11:18
 USD/VND  23444.0000  23447.0000 23418.5500 23418.5500 23418.5500  1.9700 01:30
 USD/CNY  7.0615  7.0635 7.0615 7.0614 7.0615  0.0000 00:10
 USD/KWD  0.3089  0.3099 0.3088 0.3086 0.3088  -0.0001 05:00
 GBP/USD  1.2443  1.2444 1.2483 1.2420 1.2441  0.0002 05:00
 USD/IRR  42000.0000  42210.0000 42097.5000 42097.5000 42097.5000  97.5000 06:03
 USD/IDR  15110.0000  15123.0000 15157.0000 15032.0000 15113.0000  5.0000 04:59


Things in the News:
Woman arrested for licking spree...
MNUCHIN: International travel may not resume until 2021...

  DRONES TO CHECK TEMPS
CAMERAS MONITOR MASKS AND DISTANCING
OBESE IN UK 'MUST WORK FROM HOME'  



Iraqi Articles:
TUESDAY TNT Update (posted early no tweet had yet gone out)
From our citizen contact....
USA sends important message to the Parliament of Iraq via USA ambassador to Iraq saying do not fail to form the government of Kazemi. If failure happens, USA will do whatever it needs to protect and take care of the Iraqi people.
______________________________________________
From news sources....
The Speaker of Parliament, Muhammad Al-Halbousi, called on the parliamentarians to attend a session of confidence in the government of designate Mustafa Al-Kazemi.

The Presidency of the House of Representatives announced a voting session on the ministerial program and the government cabinet for Wednesday, May 6, 2020, at 9:00 PM Iraqi time (which is 2:00 PM Eastern Time)
The United States is assuming a very urgent and significant need to form the government of Mr. Mustafa Al-Kazemi. Any weaknesses or concessions in the choice of ministers should be ignored when balancing them with the country’s horrific expectations. The caretaker government of Mr. Adel Abdul Mahdi is paralyzed and unable to deal with many of the problems facing Iraq.  

The House of Representatives announces the official date for the confidence-giving session

On Monday, the Presidency of the House of Representatives announced that a date will be scheduled for the government’s voting session.
The Media Department of the House of Representatives said in a statement, "The Presidency of the House of Representatives decided to hold a voting session on the ministerial program and the government cabinet on Wednesday, 6/5/2020 at nine in the evening."
Today, Speaker of Parliament Muhammad Al-Halbousi called on the parliamentarians to attend a session of confidence in the government of designate Mustafa Al-Kazemi. 
Al-Halbousi: Al-Kazemi’s government must pass while he is the son of the field and its international relations may help Iraq economically
Parliament Speaker Mohamed Al-Halbousi confirmed, on Monday (4 May 2020), that the government of Prime Minister-designate Mustafa Al-Kazemi must pass because the situation in Iraq does not bear further obstruction and a government that lacks powers, while he indicated that the alliance of forces he heads represents the Sunni Arabs in the country
During his hosting of the program (Shortest Roads) (https://www.facebook.com/NabilJassim.Official/videos/237201667593552/) presented by Dr. Nabil Jassem on Al Sharqiya News Channel, Al-Halbousi said, "The constitutional process forced us to choose a prime minister within a month, as well as the pressures that the country is going through, which requires the formation of a full-fledged government, and " .there should be an awareness of the forces Political formation of the government
He added that "the government should be a government of parties and not individuals, so that each party bears responsibility for the failure of any minister in it, and we support a strong government adopted by the political forces, the circumstances of the country are now abnormal until the attendance of representatives to the session of granting confidence will not be the usual way, the previous years and sessions were the Shiite forces A candidate came forward, adopted him, stood behind him, and went for an understanding from everyone with Adel Abdul Mahdi. The compromise was, and adoption is now not in the formula that .happened in the previous periods
He revealed why he supported al-Kazimi's candidacy for prime minister, explaining, "I believe in the unified person in the field, Mr. Al-Kazemi is in the middle of the suffering that the country is going through and he is the son of the field. As for Muhammad Tawfiq Allawi, whom we objected to is a consensual option from abroad and came from outside and not a ".field man
Al-Halbousi continued, "Al-Kazimi's tools for success are more and his international relations are good, and it is possible that we can help us in the economic crisis that the country is ".going through
Concerning the salaries of employees, Al-Halbousi stressed that "there is no trend in parliament to cut the salaries of employees," noting that "their salaries are secure and cannot be deducted unless there is a new law." Of 3 million, and another that does not receive anything, and this paradox is not acceptable and we support saving salaries that exceed one " .million dinars by 10% On the presence of the international coalition in Iraq, Al-Halbousi commented: "Iraq has suffered during the past years from terrorism, and we have managed, with the help of our heroes, to defeat ISIS, but we have not been able to end its presence," stating that "Iraq needs the capabilities of the international coalition to end the idea of a return Terrorism in " .the country
The speaker of the parliament continued, "Iraq is unable to bear the costs and consequences of pursuing terrorism alone, we need the cooperation of the international community, especially in light of the economic crisis that is going through the country," stressing that "Kuwait has expressed its willingness to help Iraq financially and delay the money that it has for it, provided The formation of the government, since no international agreements can be " .concluded unless there is a new government with full powers
The House of Representatives has set, next Wednesday, a date to hold a session to give .confidence to the government of Prime Minister-designate Mustafa Al-Kazemi
The Presidency of the House of Representatives decided to hold a voting session on the" ministerial program and the government cabinet on Wednesday, May 6, 2020," the .Parliamentary Director General said in a statement ".He added, "The session will be at nine in the evening

Alsumaria News publishes the text of the message attributed to the American ambassador

Alsumaria News publishes the text of the letter attributed to the American Ambassador to Iraq Matthew Toller.

The head of the State of Law coalition, Nuri al-Maliki, announced, just a short time ago, that he received a message from "a party claiming that it was affiliated" with the American ambassador, summer: "If it is forged, consider it neglected ... and if it is correct, Iraq has men who value his interest and the interests of his people and we do not accept interference in our affairs." The Interior is not one of the diplomatic missions of the ambassador. "
 
 
 
 
The letter attributed to Toller states:

"The United States is assuming a very urgent and significant need to form the government of Mr. Mustafa Al-Kazemi. Any weaknesses or concessions in the choice of ministers should be ignored when balancing them with the terrible expectations of the country. The caretaker government of Mr. Abdul-Mahdi is paralyzed." And unable to deal with many of the problems facing Iraq. Like your friends and partners in the past 17 years, we are deeply concerned that the consequences for Iraq as a country and for the Iraqi people will be devastating if the government of Mr. Mustafa Al-Kazemi is not approved. Our best To help Iraq cope with the coming problems. "
and of course ...

Al-Maliki: I received a letter from one side saying that it is affiliated with the American embassy, and we will not accept the intervention

The head of the State of Law coalition, Nuri al-Maliki, announced that he had received a letter from one party saying that it was affiliated with the American embassy.
Al-Maliki said in a tweet at his expense on Twitter followed by Al-Mirbad, "I received a message from a party claiming that it is affiliated with the American ambassador, so if it is fraudulent, then it is considered neglected. ".
Politician Izzat Shabandar tweeted on Monday evening, warning that parliamentarians will submit to the threat they received from the American ambassador if they did not vote for Al-Kazemi’s government.

Adviser to the Prime Minister: private banks, exchange shops

Adviser to the Prime Minister: private banks, exchange shops
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, likened the private banks in Iraq to “exchange shops”.
Saleh said in a press statement, "The private banks are just shops for buying and selling dollars and the finest bank in which they have an account in Jordan! They do not have the ability to open international credits."
He added that "the duties of the Central Bank of Iraq to maintain the value of the currency in dinars and its function is not to finance trade, but the circumstance of Iraq made this his mission."
Saleh stressed that "it is not possible to enter foreign funds from abroad and vice versa in Iraq."

The Minister of Finance and the Governor of the Central Bank discuss the situation of cash in banks and agencies
On Monday, Deputy Prime Minister for Economic Affairs and Finance Minister Fuad Hussein discussed the liquidity situation in banks and organizations.

Hussein's office said in a statement that Alsumaria News received, a copy of it, that "Deputy Prime Minister for Economic Affairs and Finance Minister Fuad Hussein presided this morning an expanded supplementary meeting in the presence of Ali Al-Alaq, Governor of the Central Bank and Undersecretary of the Ministry of Planning and directors of Al-Rafidain and Rashid banks and the Iraqi Bank of Trade. The meeting was also attended by general managers of the departments Budget, taxes, customs, retirement and public debt, in order to complete government efforts in examining mechanisms to improve the economic and financial situation in order to secure the needs of the country, especially in advance of May's allocations in light of the continuing decline in oil prices. "


He added, "The current cash deposit deposited by the government has been studied in banks and organizations that generate annual profits and how to restructure these funds and use them to bridge the current shortfall to secure the salaries of Iraqi state employees," noting that "the meeting discussed the government's obligations to pay internal and external debts In addition to the need to finance some government institutions, given the privacy of their work. "

In another axis of the meeting, they discussed how to provide legal cover or urgent legislative decision to secure the cash liquidity required for the future, whether by borrowing internally or externally to fill the shortfall in the financing process.

Hussein and Al-Mohafiz emphasized that "all obstacles must be overcome and speedy framing of immediate solutions to remedy the financial situation in the country."

As the meeting reached the possibility of walking and advancing through internal solutions at the present time, provided that the government will consider other options in the coming months.

CBI, ISX,Dinar Guru:
CBI Update:   now today May 5th the rate of 1190.000 changes to 1190,000 from Arabic to English 
 
Click on the link above for the latest update.

The CBI for rate is 1190.

The currency auction total sales amount $ 158,868,125 Auction held  today no cash 

ISX Update:    ISX website is still down
Shares Traded: no new info 
Value Traded: no new info

ISX traded ended in 
Dinar Guru Chatter: http://www.dinarguru.com

5-4-2020   Intel Guru Delta   Article:  "The Minister of Finance and the Governor of the Central Bank stress the need to expedite the framing of immediate solutions to remedy the financial situation"  ...THEY ARE READY TO START...IMO.

5-4-2020   Intel Guru Footforward  ...in my opinion, dong between 5 and 50 cents, dinar between 3 and 6 dollars...It would be a miracle of the dong was above 50 cents...I never said it would be this week...I don't know exact time yet.

5-4-2020   Intel Guru MarkZ   [via PDK]   [Mark now with the States opening up this would be a good time to RV and get the economy going!]  I agree...  [Trump had said there are Trillions in private money waiting in the wings to help with infrastructure…]  that would be us…

5-4-2020   Newshound Guru ChrisC   [I saw something on forex graph graff a few days ago. It was showing VND .37 - .38...I don't know if that means anything. This same graph was showing IQD over 2.00]  This IS interesting since that is almost exactly what we used to talk about the rate being after a RV.  There would always be a bounce from that price to somewhere in the threes, of course we always want the threes but I would be happy with .37 at this point.

5-4-2020   Intel Guru Footforward   [...You mentioned it would be advantageous for the VND to go 1st, do you think it will and will the IQD follow within a day or two? IYO]  ...if the dinar and dong go separately I think they would be separated for a week or two. The dong has like a 20% chance of going first or separately. That would only be if Iraq isn't ready and Trump needs something immediately.

5-4-2020   Newshound Guru MilitiaMan   Why is this so interesting for them to be down at this stage? Well the value of the exchange with using the data from the CBI site suggests a very large move is expected to the live ISX actual values for share pricing...They say it is down for technical requirements... Well value adjustments of such large size would warrant technical assistance...There are no coincidences at this stage of the game. REER...(real effective exchange rate)...IS COMING!! Imo.  Let’s see what the CBI has to say next!!  [post 2 of 2]

5-4-2020   Newshound Guru MilitiaMan   Article: "The Website Of The Iraq Stock Exchange Has Stopped Working"  I would like to mention the timing of the ISX being down since Thursday is very interesting. We know now that the CBIESD site shows the ISX Indice to have been adjusted from Blue to Black ink in respect to the Index value. The value increased by over 1000%. That fact is in stone imo. ...It wasn’t a glitch!   if it was and they made changes today to other key items, then why not fix an “error" to such an important component of the sites structure in reporting? They would have by now imo fixed any error.  [post 1 of 2....stay tuned]  

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ARTICLE 1-A (from PM Mahdi's website; posted only on Arabic side, not on English side)

The Prime Minister-designate discusses with the Speaker of Parliament the voting session for the government

The Prime Minister-designate, Mr. Mustafa Al-Kazemi, met at his office in the Government Palace today, Monday, the Speaker of the Parliament, Mr. Muhammad Al-Halbousi.

During the meeting, they discussed the ministerial curriculum received by the parliament several days ago, while they discussed the upcoming session to vote on the government.

Both the Prime Minister-designate and the Speaker of Parliament expressed their aspiration to form a strong government that meets the aspirations and legitimate demands of the Iraqi people.

Media Office of the Prime Minister-designate
May 4-2020

*************
ARTICLE 1-B (from PM Mahdi's website; posted only on Arabic side, not on English side)

The Higher Committee for Health and National Safety holds its seventh meeting chaired by Prime Minister Adel Abdul Mahdi 4-5-2020

The Supreme Committee for Health and National Safety held its seventh meeting chaired by Prime Minister Adel Abdul Mahdi, today, Monday, via closed-circuit television, and the measures taken and evaluated were taken in light of the Corona pandemic developments and the proposals and recommendations presented by the Crisis Cell And the Ministry of Health and experts, and discuss issues prepared for the agenda.

The Prime Minister praised the complementarity and harmony of the efforts of the ministries and state institutions, the Ministry of Health, the Diwaniya Command Committee 55, the crisis cells in the governorates, the Kurdistan region, the armed forces and the media, and the unified national effort that led to controlling the pandemic in advance of many countries of the world, in addition to the importance of early preventive measures Taken by the government and the prevailing organized work, noting the progress made in the examination procedures and cases of recovery, calling for addressing negatives and violations.

The Prime Minister called for the necessity to unify efforts between the executive and legislative branches, support the efforts of the Ministry of Health and its owners in facing the pandemic that is no less dangerous than our battle against ISIS, which tries to exploit the situation, and the need to take into account the country's higher interests and political and economic conditions.

The Minister of Health and Environment, Dr. Jaafar Sadiq Allawi, presented a report on the developments of the health situation, the extent of adherence to the previous procedures and decisions, and recommendations and proposals of the Crisis Cell.

The Supreme Committee for Health and National Safety decided to implement the matrimonial and individual system of wheels, according to the instructions issued by the Ministry of Interior and the Traffic Directorate later and from tomorrow tomorrow, the committee also discussed the conditions of Iraqi families stuck in the governorates and set a day for their return to their areas of residence.

The Supreme Committee agreed to grant facilities to the Chinese medical team to the oil fields of the Ahdab and Al-Halfa fields.

The committee decided to consider re-operating the cement factories and providing them for local consumption, and taking measures to prevent the high prices.

Media office of the Prime Minister
4-May-2020

***********
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

Parliament is preparing for a session to give confidence tomorrow, Tuesday
4/5/2020 20:46
[Baghdad-where]

The House of Representatives is preparing to hold a session of confidence-giving session for Prime Minister Mustafa Kazemi.

A well-informed source said in a press statement that "Parliament is preparing to hold a session of granting confidence, scheduled for tomorrow, Tuesday, at nine in the evening."

It is expected that the Parliament will hold this week an extraordinary session to vote on the cabinet of the Prime Minister-designate, Mustafa Al-Kazemi, and give it confidence.

Yesterday, Speaker of Parliament Mohamed Al-Halbousi directed the presence of deputies in Baghdad, starting today, Monday.

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