On Monday, the Kifah Stock Exchange recorded a slight rise in the US dollar exchange rates.
The exchange rate was as follows:
Baghdad - stock exchange struggle
124,450
....
Exchange rate (approximate)
124,000
125,000
——————
Najaf
124,600
————
Erbil
124,500
————
Basra
124,500
————
Sulaymaniyah
124,400
————
Mosul
124,500
The Markets:
The Asian markets closed down NIK by .18% HSI by .54% SHANG by .08%
The UK markets are currently trading mixed down .09-.17 up by .03 to .13
Our futures are currently trading in the the DOW at 25769 is up by ..94% SNP is up by 1.01% NDX is up by .99
PRecious Metals:
GOld is green at 1748 Silver is green at 18.23 Copper is green at 264 is PLatinum is green at 819
Brent 42 WTI 39
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1169.5000 |  1223.2000 | 1192.9000 | 1191.2000 | 1191.2000 | -0.3000 | 15:46 |
| USD/VND | 23264.0000 | 23267.0000 | 23204.4400 | 23204.4400 | 23204.4400 | 4.5900 | 19:13 |
| USD/CNY | 7.0745 | 7.0765 | 7.0803 | 7.0710 | 7.0710 | 0.0037 | 05:01 |
| USD/KWD | 0.3074 | 0.3084 | 0.3076 | 0.3076 | 0.3076 | 0.0000 | 03:19 |
| GBP/USD |  1.2400 | 1.2401 | 1.2433 | 1.2335 | 1.2348 | 0.0053 | 05:02 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 97.5000 | 06:03 |
| USD/IDR | 14257.0000 | 14260.0000 | 14260.0000 | 14042.0000 | 14066.0000 | 69.0000 | 05:01 |
Things in the News:
Americans regret lack of emergency savings during pandemic...
More Bailouts Create Election-Season Quandary for Republicans...
Beginning Of End For Dollar?
More Bailouts Create Election-Season Quandary for Republicans...
Beginning Of End For Dollar?
IRaqi Articles:
Deputy: Iraq loses daily 147 million dollars in hard currency due to the currency auction
In a tweet followed by Alsumaria News, Darraji said, "In one day, the currency selling window sells 207 million dollars, and the average daily oil sales is 60 million dollars, according to the price of 40 dollars, after a quality discount of six dollars, in addition to the production value of nine dollars and an export rate of 2.4 Million barrels a day. "
He explained, "If the difference between the dollar entering the country and abroad to import it is 147 million dollars in one day," noting that "if this situation continues, it means 53 billion dollars a year."
The Minister of Finance informs the parliament about the government's plans to prepare the 2021 budget
The decision of the Parliamentary Finance Committee Ahmad Al-Saffar revealed, on Monday, that the government is currently preparing the budget of 2021 according to the Financial Management Law, stressing that the Minister of Finance Ali Allawi has officially informed us of the preparation of a new budget.
Al-Saffar said in a statement to "Information", that "the government started preparing the budget of 2021 according to the Financial Management Law," noting that "the government did not refrain from sending the 2020 budget to the House of Representatives."
He added that "a session after tomorrow, Wednesday, will witness the government's request to confirm sending the 2020 budget, even half a year, to override the mistakes of the 2014 budget."
The deputy of the Alliance of Al-Fath Muhammad Al-Baldawi described in a previous statement to “The Information”, the government directs not to approve the financial budget for the year 2020 as an unethical and frustrated step.
Al-Saffar said in a statement to "Information", that "the government started preparing the budget of 2021 according to the Financial Management Law," noting that "the government did not refrain from sending the 2020 budget to the House of Representatives."
He added that "a session after tomorrow, Wednesday, will witness the government's request to confirm sending the 2020 budget, even half a year, to override the mistakes of the 2014 budget."
The deputy of the Alliance of Al-Fath Muhammad Al-Baldawi described in a previous statement to “The Information”, the government directs not to approve the financial budget for the year 2020 as an unethical and frustrated step.
Parliamentary Economy: The Chinese agreement is still in place, but internal problems must be solved first
Parliamentary Committee on Economy and Investment stressed the need to solve internal problems and hold the demonstrators' killers accountable and preserve sovereignty, stressing that the Chinese agreement is still in place and work is being done according to it.
Committee member Nada Shaker told Al-Maalouma that, "The agreement with China started its signs before the coming of the government of Adel Abdul-Mahdi in 2018, and it still exists and there has been no change to it despite the change of government."
She added that "the current situation requires ending the internal problems and preserving the sovereignty of Iraq by the current government led by Al-Kazemi, which came with a specific program and for a specific period."
She stressed the necessity of opening the file of the demonstrators' killers, holding the perpetrators accountable and referring them to the judiciary, pointing out that "the file has not been opened yet, despite the demands that the perpetrators and those responsible for the murder be held accountable."
Parliament sets next Wednesday as the date to vote on the borrowing law
The Presidency of the Council of Representatives has set, next Wednesday, the date for holding the voting session for the internal and external borrowing law .
The media department of the parliament stated in a brief statement, "NASS" received a copy of it, today (June 22, 2020), that "the presidency of the House of Representatives was instructed to hold a session to vote on the internal and external borrowing bill on Wednesday 24/6/2020 at one o'clock in the afternoon."
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 $ 243,757,388.
including cash sold 25,110,000
ISX Update: At my last checking
Shares Traded: not updated for today
Value Traded: not updated for today
closed
6-22-2020 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENT OBLIGATED THE GOVERNMENT TO SEND THE BUDGET WITHIN THE NEXT TWO WEEKS" It is very hard to complete the necessary financial and banking reforms without a budget for 2020 going forward. I am hearing the delay is due to the restructuring of the financial industry due to many factors mainly corruption. Iraq is going to see some MAJOR changes in the near future.
6-21-2020 Intel Guru Footforward [I'm assuming no chance of a rate change today.] I wouldn't say no chance. [...figured we were done until July...] not done at all. June still has alot of days left. I haven't at all given up on June.
6-21-2020 Newshound Guru MilitiaMan The World Bank is going to manage Iraq's exchange rate into the future. At least that's what they said they were going to do. Because why? They have an agreement with the CBI...it specifically says they have an understanding and an agreement...for them to manage the exchange rate means they're going to change it.
6-21-2020 Intel/Newshound Guru Frank26 This is amazing. IMO they gave them notice today [Friday] to the citizens. Actually to the international world. On a holiday. Do you know what that notice was? What's it called? REER - Real Effective Exchange Rate. They gave the real effective exchange rate today? No but they said that they have one. Wow. I like it a lot.
6-21-2020 Newshound Guru Kaperoni Only when Iraq passes laws and creates the conditions for foreign investors to come will the Central Bank be in a position to improve the value of the dinar via a float as the economy grows.
6-21-2020 Newshound/Intel Guru Mnt Goat Article: "AL-TAMIMI WARNS OF MAJOR FINANCIAL CORRUPTION DURING THE NEXT 6 MONTHS" Quote: "The Information", that "not approving the budget will lead to the loss of a lot of money, AS THERE ARE NO ACCOUNTS FOR WHAT GOES INTO THE TREASURY AND WHAT COMES OUT OF IT." You can bet that there will be no reinstatement under these conditions as the funds would not be safe if they did decide to put the dinar back on the trading platforms. We do know however they fully intend to do this soon but when? Again I am telling everyone to RV the currency under these conditions is not going to solve all of their problems, and in fact may only make them worst.
6-21-2020 Newshound Guru MilitiaMan The World Bank is going to manage Iraq's exchange rate into the future. At least that's what they said they were going to do. Because why? They have an agreement with the CBI...it specifically says they have an understanding and an agreement...for them to manage the exchange rate means they're going to change it.
6-21-2020 Intel/Newshound Guru Frank26 This is amazing. IMO they gave them notice today [Friday] to the citizens. Actually to the international world. On a holiday. Do you know what that notice was? What's it called? REER - Real Effective Exchange Rate. They gave the real effective exchange rate today? No but they said that they have one. Wow. I like it a lot.
6-21-2020 Newshound Guru Kaperoni Only when Iraq passes laws and creates the conditions for foreign investors to come will the Central Bank be in a position to improve the value of the dinar via a float as the economy grows.
6-21-2020 Newshound/Intel Guru Mnt Goat Article: "AL-TAMIMI WARNS OF MAJOR FINANCIAL CORRUPTION DURING THE NEXT 6 MONTHS" Quote: "The Information", that "not approving the budget will lead to the loss of a lot of money, AS THERE ARE NO ACCOUNTS FOR WHAT GOES INTO THE TREASURY AND WHAT COMES OUT OF IT." You can bet that there will be no reinstatement under these conditions as the funds would not be safe if they did decide to put the dinar back on the trading platforms. We do know however they fully intend to do this soon but when? Again I am telling everyone to RV the currency under these conditions is not going to solve all of their problems, and in fact may only make them worst.
Catnip's Corner:
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ARTICLE 1 (from PM Kadhimi's website)
At the time this report was submitted, there are no new articles posted on PM Kadhimi's website.
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ARTICLE 2-A (from Government of Iraq twitter account)
6-21-2020 around 8:00 am Eastern
@IraqiGovt will be introducing wide-ranging economic, financial and administrative reforms. Watch the highlights here:
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ARTICLE 2-B (from Government of Iraq twitter account)
6-21-2020 around 9:45 am Eastern
PM @MAKadhimi extends his heartfelt condolences to the Iraqi people and to the family and friends of Iraqi footballer, Ahmed Radhi, one of Iraq’s all-time great players, who died today. May Ahmed Radhi rests in peace, and may his family be granted the strength to bear this loss. The life of every Iraqi is precious. Let’s adhere to health precautions to protect ourselves and our communities, so we get through this difficult time together.
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ARTICLE 3
The Arab Parliament condemns the attack on the sovereignty of Iraq
6/21/2020 21:53
Where's the news - Baghdad
On Sunday, the Arab Parliament rejected and condemned the violation and aggression against Iraqi sovereignty.
The media office of the Speaker of the Parliament, in a statement received by the agency, stated that “Speaker of Parliament Muhammad Al-Halbousi received a phone call from Arab Parliament Speaker Meshaal bin Fahim Al-Salami, where during the call the President of the Arab Parliament expressed the position of the president and members of the Arab Parliament who refused and condemned the attacks on Iraqi sovereignty , Which contradicts international laws and norms, and threatens regional security and stability.
Al-Salami indicated that the Arab Parliament expresses its full support for Iraq, stressing the preservation of Iraq’s sovereignty and its full support for its people.
On Sunday, the Arab Parliament rejected and condemned the violation and aggression against Iraqi sovereignty.
The media office of the Speaker of the Parliament, in a statement received by the agency, stated that “Speaker of Parliament Muhammad Al-Halbousi received a phone call from Arab Parliament Speaker Meshaal bin Fahim Al-Salami, where during the call the President of the Arab Parliament expressed the position of the president and members of the Arab Parliament who refused and condemned the attacks on Iraqi sovereignty , Which contradicts international laws and norms, and threatens regional security and stability.
Al-Salami indicated that the Arab Parliament expresses its full support for Iraq, stressing the preservation of Iraq’s sovereignty and its full support for its people.
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ARTICLE 4
The Minister of Finance indicates an important proposal that was put forward during his meeting with the Finance Committee ... and confirms the speedy achievement of it
6/20/2020 19:28
Where's the news - Baghdad
Today, Saturday, the Parliamentary Finance Committee stipulated that the government present the financial reform paper within 60 days in exchange for allowing internal and external borrowing, while Finance Minister Ali Allawi considered that the proposal to submit the reform paper is very important and the government will work on it as quickly as possible.
The House of Representatives said in a statement, “The Finance Committee headed by Deputy Haitham al-Jabouri and the presence of a number of members of the Committee on Saturday 20/6/2020, hosted the Minister of Finance Ali Abdul Amir Allawi to discuss the economic crisis the country is going through and ways to get out of it and complete its discussions on the borrowing law Internal and external. ”
The statement continued, “Part of the meeting was chaired by the First Deputy Speaker of Parliament Hassan Karim Al Kaabi, who welcomed the Minister of Finance, as he stressed that the parliament is waiting for the government to make real reforms that affect the lives of citizens and do not affect them negatively, in addition to that the House of Representatives is supportive of any A reform measure that fights corruption in state institutions.
And that “the financial committee has made clear that the government has many solutions and steps that contribute to increasing the state’s resources and providing the budget with large sums other than deducting the salaries of employees and retirees, since the parliament in general and the financial committee in particular reject this idea and is consistent with the aspirations of the people who want to live in dignity And economic stability. ”
He continued, "The Finance Committee added that the law of internal and external borrowing would be a temporary solution to cover the deficit in the budget, provided that the government is committed to sending the law of economic and financial reform to the House of Representatives in a period not exceeding 60 per day to keep the country away from the specter of financial crises in the future."
And the committee stated, according to the statement, “One of the most important reform measures that the government must take is to automate customs, fully control it, collect electricity and impose sales tax through a law that enables customs to withhold these taxes before entering the country, as well as offering some self-financing companies to invest. To support the private sector, which will reduce the burden on the public budget and provide job opportunities for many unemployed youth and holders of advanced degrees. ”
He pointed out that "the Finance Committee has reviewed the letter of the Ministry of Finance - Budget Department - has expressed its willingness to add a text within the borrowing law that allows the Ministry of Finance to release funding for the salaries of new hires in the Ministry of Education as an exception to the provisions of paragraph (first) of Article (13) of the Federal Financial Management Law No. (6) of 2019 ”
For his part, Minister of Finance Ali Abdel Amir Allawi gave a detailed explanation of “the financial and economic reality that Iraq is going through and the size of the budget deficit and the amount required within the law of internal and external borrowing to cross this crisis,” adding that “the paragraph that the Finance Committee added to the borrowing law regarding government provision The economic and financial reform paper is very important and will work on it as quickly as possible. ”
Today, Saturday, the Parliamentary Finance Committee stipulated that the government present the financial reform paper within 60 days in exchange for allowing internal and external borrowing, while Finance Minister Ali Allawi considered that the proposal to submit the reform paper is very important and the government will work on it as quickly as possible.
The House of Representatives said in a statement, “The Finance Committee headed by Deputy Haitham al-Jabouri and the presence of a number of members of the Committee on Saturday 20/6/2020, hosted the Minister of Finance Ali Abdul Amir Allawi to discuss the economic crisis the country is going through and ways to get out of it and complete its discussions on the borrowing law Internal and external. ”
The statement continued, “Part of the meeting was chaired by the First Deputy Speaker of Parliament Hassan Karim Al Kaabi, who welcomed the Minister of Finance, as he stressed that the parliament is waiting for the government to make real reforms that affect the lives of citizens and do not affect them negatively, in addition to that the House of Representatives is supportive of any A reform measure that fights corruption in state institutions.
And that “the financial committee has made clear that the government has many solutions and steps that contribute to increasing the state’s resources and providing the budget with large sums other than deducting the salaries of employees and retirees, since the parliament in general and the financial committee in particular reject this idea and is consistent with the aspirations of the people who want to live in dignity And economic stability. ”
He continued, "The Finance Committee added that the law of internal and external borrowing would be a temporary solution to cover the deficit in the budget, provided that the government is committed to sending the law of economic and financial reform to the House of Representatives in a period not exceeding 60 per day to keep the country away from the specter of financial crises in the future."
And the committee stated, according to the statement, “One of the most important reform measures that the government must take is to automate customs, fully control it, collect electricity and impose sales tax through a law that enables customs to withhold these taxes before entering the country, as well as offering some self-financing companies to invest. To support the private sector, which will reduce the burden on the public budget and provide job opportunities for many unemployed youth and holders of advanced degrees. ”
He pointed out that "the Finance Committee has reviewed the letter of the Ministry of Finance - Budget Department - has expressed its willingness to add a text within the borrowing law that allows the Ministry of Finance to release funding for the salaries of new hires in the Ministry of Education as an exception to the provisions of paragraph (first) of Article (13) of the Federal Financial Management Law No. (6) of 2019 ”
For his part, Minister of Finance Ali Abdel Amir Allawi gave a detailed explanation of “the financial and economic reality that Iraq is going through and the size of the budget deficit and the amount required within the law of internal and external borrowing to cross this crisis,” adding that “the paragraph that the Finance Committee added to the borrowing law regarding government provision The economic and financial reform paper is very important and will work on it as quickly as possible. ”
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ARTICLE 5
How do daily hot baths affect heart health?
6/21/2020 18:59
[Follow-up]
A new study by a group of Japanese doctors indicated that hot baths can reduce a person's risk of heart disease and stroke.
A new study by a group of Japanese doctors indicated that hot baths can reduce a person's risk of heart disease and stroke.
According to the Harvard Health website, an online study published in a health journal indicates that daily hot baths are also linked to better heart health.
The researchers analyzed self-reported health and lifestyle information from more than 30,000 middle-aged people in Japan.
Participants responded to a questionnaire at the beginning of the study, then they were followed for about 20 years. Compared to people who did not take a warm bath more than twice a week, people who took a warm or hot bath daily had a 28% lower risk of cardiovascular disease The risk of stroke was reduced by 26%.
And this percentage increased to 35% less than the risk of cardiovascular diseases when bathing in hot water, while the risk of stroke did not decrease with hot water.
The research team wrote: "We found that repeated bath tubing was significantly associated with a lower risk of developing high blood pressure, which indicates that the beneficial effect of bathing in a bathtub on the risk of heart disease may be partly due to a lower risk of high blood pressure."
Researchers believe that water temperature reduces blood pressure while increasing the heart rate and improving the so-called blood dynamic function, which expresses how effective the heart is in pumping blood to all parts of the body.
Previous research showed that the effects of bath tubs on the body are similar to those caused by exercise, however care must be taken, as bathing in very hot water is associated with sudden death due to high temperature or confusion
The researchers analyzed self-reported health and lifestyle information from more than 30,000 middle-aged people in Japan.
Participants responded to a questionnaire at the beginning of the study, then they were followed for about 20 years. Compared to people who did not take a warm bath more than twice a week, people who took a warm or hot bath daily had a 28% lower risk of cardiovascular disease The risk of stroke was reduced by 26%.
And this percentage increased to 35% less than the risk of cardiovascular diseases when bathing in hot water, while the risk of stroke did not decrease with hot water.
The research team wrote: "We found that repeated bath tubing was significantly associated with a lower risk of developing high blood pressure, which indicates that the beneficial effect of bathing in a bathtub on the risk of heart disease may be partly due to a lower risk of high blood pressure."
Researchers believe that water temperature reduces blood pressure while increasing the heart rate and improving the so-called blood dynamic function, which expresses how effective the heart is in pumping blood to all parts of the body.
Previous research showed that the effects of bath tubs on the body are similar to those caused by exercise, however care must be taken, as bathing in very hot water is associated with sudden death due to high temperature or confusion
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