Monday, June 8, 2020

WOTS MON JUN 8 2020

WOTS MON JUN 8 2020
Foreign currency markets in Iraq recorded, today, Monday, a stability in the exchange rate of the US dollar against the Iraqi dinar.
The prices of buying and selling dollars in banking companies and offices are as follows:
The selling price of one dollar is 1245 dinars, or 124 thousand and 500 dinars per hundred dollars.
The purchase price of the dollar is 1235 dinars, or 123 thousand and 500 dinars per hundred dollars.

The Markets:

The Asian markets closed up   NIK up  by 1.37%   HSI up by .03%  SHANG up by  .24%
The UK markets are currently trading mixed down rangin from  .36% to .40%  and the up one is .27% up the FTSE      
Our futures are currently trading in the  green  DOW at 27219 up by .54%  SNP  up by .39%  NDX up by .14%


Precious Metals:

Gold green at 1692     Silver  green at 17.92        Copper  red at 255    Platinum green at 835
Brent 42   WTI 

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1170.4000  1223.6000 1192.6000 1191.5000 1191.6000  -0.5000 12:32
 USD/VND  23264.0000  23267.0000 23246.0000 23233.4600 23246.0000  -10.7100 16:00
 USD/CNY  7.0731  7.0751 7.0895 7.0705 7.0812  -0.0083 05:00
 USD/KWD  0.3075  0.3085 0.3077 0.3077 0.3077  0.0000 03:25
 GBP/USD  1.2675  1.2676 1.2728 1.2664 1.2687  0.0009 05:00
 USD/IRR  42000.0000  42210.0000 42097.5000 42097.5000 42097.5000  97.5000 06:03
 USD/IDR  13989.0000  13989.0000 14282.0000 13810.0000 14282.0000  -8.0000 04:58

Things in the News:
image.jpeg
SPACEX opens era of amateur astronauts, cosmic movie sets...
 

Iraqi Articles:

Mourning: 7 laws ready to vote and the 2020 budget will be semi-annual

Deputy Speaker of the House of Representatives Bashir Khalil Al-Haddad revealed the readiness of 7 laws to vote during the next stage.
Al-Haddad said in a press statement, "There are dozens of bills that it is hoped to legislate in the House of Representatives, including what was read for the first or second time and discussed and ready to vote, including: a draft law on information crimes and refugees and housing abuses and a proposed legal law for sports clubs and federations and the Federal Civil Service and the Council of Reconstruction And others. "
The Deputy Speaker of the House of Representatives stated that "Parliament has called on the government to expedite the sending of the draft budget law for the year 2020 within a maximum period of the end of the current month to be read and discussed, and then vote on it."
He pointed out that " the budget formula will vote by the House of Representatives will be semi - annual or any other formula to be agreed upon later"

Days on the strategic dialogue .. Fouad Hussein meets the American ambassador to Baghdad

On Monday, Foreign Minister Fuad Hussein met US Ambassador to Baghdad Matthew Toller and discussed several bilateral files with him.  
And the Foreign Ministry said, in a statement that "people" received a copy of it, (June 8, 2020), that "Foreign Minister Fouad Hussein met with the US ambassador to Baghdad Matthew Tooler, and the latter expressed his congratulations to the minister on the assumption of his position as the foreign minister of the Republic of Iraq, and looked forward to Because the bilateral relations between the two countries will witness a qualitative rise in a way that realizes the interests of the two friendly peoples. "  
Hussein stressed, according to the statement during the meeting, "on the depth of strategic relations between Baghdad and Washington, and the importance of activating ways of bilateral cooperation to achieve the interests of both friendly countries."  
The minister added, "The minister expressed the ministry's efforts to complete preparations for the strategic round of dialogue with America, which he considered as an important station that would frame the priorities in Baghdad and Washington, and stressed the need to continue the positive development of various distinct bilateral cooperation aspects."

Key and Cork Telecom sign a partnership agreement to expand electronic payment services
The International Smart Card Company (Qi) and the company "Cork Telecom" Telecom announced on Monday the signing of a preliminary partnership contract to expand electronic payment services and provide extended financial services.
A joint statement of the two companies, Alsumaria News, received a copy of it, that "a letter of intent was signed on partnership and cooperation in providing a wide range of financial services to citizens of Kurdistan And Iraq. "

The statement added," The two companies are leading the country in the relevant sectors and initiatives in support of the Iraqi government andKurdistan Regional Government To enhance financial integration, they agreed to work together to provide a set of telecommunications and financial services that would further enhance citizens ’access to electronic payments and trade via the Internet, in line with efforts by the Iraqi government to rationalize financial services and limit the circulation of paper currency in the country ".

In response to a question about this partnership, the Chairman of the Board of Directors (ISC) Bahaa Abdul-HadiAccording to the statement, "We are very excited to sign this agreement, and it represents a new opportunity for both companies to continue their role in pushing the country forward, and the efforts made by the central bank and central government to increase transparency while providing citizens with access to financial services in an easy way and attracting capital at the level of International is something that the two companies have supported for many years, and this agreement marks a turning point in enhancing effort and expertise to provide electronic financial services for an easier life. "
The statement also quoted the Chairman of the Board, "Cork", as saying, "We have met two of the best examples of success in IraqThe two most important success stories for the private sector, as they agreed to activate the principle of cooperation and provide better services to our subscribers and their accessibility to them. This is exactly what is needed at a time when the need for this service in the country is most needed. We are very happy to work with ISC and we hope this partnership will provide exactly what our subscribers want exactly when they need it. ”
The statement pointed out that "the details of the partnership will be revealed further as the two companies improve their initial and subsequent cooperation, and this represents a new era of cooperation and collaboration between Iraqi companies, which gives real importance to the private and mixed sector in improving the national economy and the level of services provided to citizens."

Iraq is moving to set new rules for sharing oil cuts

link
said Minister of Finance Iraqi Ali Allawi said Iraq assured the group OPEC + commitment agreement to reduce production , but asked her to take in account the conditions of economic members when sharing the burden of any cuts in the future .
The minister said that Iraq is seeking to establish new rules in the future regarding burden sharing between member states that take into account the economic situation and living standards .
Agreed organization of OPEC and a group OPEC + on Saturday to extend the cuts standard in production by one month and one until the end of July July and that at the end of the conference to contact the visible from distance .
And demanded that a group of OPEC + countries , including Nigeria and Iraq, they have exceeded their quotas production in May May and June June, the compensation that cuts further in the period from July July until September September

Finance Minister: Iraq will open a new page with Saudi Arabia and Kuwait in the economic field


The Minister of Finance Ali Abdul Amir Allawi revealed today, Sunday, the details of his visit to Kuwait and Saudi Arabia, indicating that the government is working to address the financial crisis without affecting low-income people.
Allawi said in a press conference, "His visit to Kuwait was of an economic rather than political nature, as Iraq will open a new page with Saudi Arabia and Kuwait in the economic field."
He added that "Iraq has a fiscal deficit estimated at five trillion dinars per month, and oil gives us approximately 92 percent of the state's revenues, while 25 percent of the national product goes to salaries and allocations," noting that "it will stimulate the private sector to play a leading role in promoting development ".
He pointed out that the government is working to address the financial crisis, through the application of new policies that do not affect low-income people.
On OPEC, the Finance Minister stressed that "the OPEC agreement contributed to the triple increase in oil prices."  

Iraq informs America of completing preparations for the strategic dialogue

Minister of Foreign Affairs, Fouad Hussein, confirmed on Monday that completing preparations for a strategic dialogue between Iraq and the United States of America.
In a statement, Mawazine News / received a copy of, the Information Office of the Minister of Foreign Affairs stated that the latter "met with the United States Ambassador to Baghdad Matthew Toller."
He added: "At the beginning of the meeting, the American ambassador expressed his congratulations to the minister on the assumption of his position as Minister of Foreign Affairs of the Republic of Iraq."
The foreign minister stressed, according to the statement, "the completion of preparations for the run of the strategic dialogue with America," usually that it "represents an important station that will frame the priorities of Baghdad and Washington."
He stressed "the necessity to continue the positive development of the various distinct aspects of bilateral cooperation."

NO CBI
NO ISX
6-7-2020  *** Dinar Guru Newsflash ***  The news is flooding in...Iraq's new prime minister has done what no other prime minister in the last 10 years has been able to do.  Iraq's parliament voted and seated the last 7 ministers of PM Al-Kazemi's government.  If this is fact and it appears to be, this is a monumental accomplishment and fits with everything else Iraq's leader has done in the last month.  Stay tuned as gurus chime on this unexpected development.  The latest guru posts will continue below...
6-7-2020   Newshound Guru MilitiaMan   Article:  "Member of Parliamentary Finance: The country's financial situation is very critical and we are working to get out of the crisis"    Another reiteration of what is going on. But, Al-Nassery just told us what he is doing and that is going into the social market economy. That includes the Secondary Markets...They are not going into the market economies of the world at a program rate. The theme is not wait and stagnate it is ACTIVATE!! They say in the current week to come...

6-7-2020   Newshound Guru Pimpy   ...we are so close it's not even funny.  What I'm seeing in these news articles is Iraq is setting themselves up to be a sovereign nation again.  Yes, finally!  'But why is that a big deal Pimpy?'  I'll tell you.  In order for them to be a sovereign nation they must have an internationally recognized currency.  Yes, a currency that's recognized and traded on the Forex.  This is good.  This is what we want to see happening...hope and pray...This what we need to help the Iraqi dinar get back on the international scene so that the rate change can take place...

6-7-2020   Intel Guru RayRen98   ...The Kurds are sending a delegation to Baghdad  next week to finalize the deal. That's the oil and gas Article 140. That should be the final missing part since the full cabinet is now seated...

6-7-2020   Newshound Guru Jeff  ...I keep stressing this is about accounting periods. I also told you numerous times that Iraq is walking in Kuwaits footsteps. Kuwait changed their rate over the last month of the quarter in the 3rd weekend of the month...that is the period of June 21st...June 21st is the end of the third week of the last month of the quarter.

6-7-2020   Newshound/Intel Guru RVAlready   No dinar on the US market would be a positive indicator, IMO.   If I were Iraq, I’d be pushing to get the RV done this weekend.

6-7-2020   Intel Guru Frank26   ...you have a government [Iraq] and the government was actually put together by Donald Trump.  You [Iraq citizens] are now going to get what you deserve...an increase in the value of your currency so you have more purchasing power.  You'll be one-to-one with the American dollar inside of your county and outside eventually your currency will float and it'll have an international rate...I think you already know what that rate is.  Look at what the rate is for Saudi Arabia.  Look at what the rate is for Kuwait.  You're not only going to have purchasing power added but now you're going to have the mineral rights, oil rights...the Kurds IMO put their signature on this HCL and it's going to be delivered I believe on Monday...

6-7-2020   Newshound Guru Pimpy  They are talking a lot about the rate change.  Some of the changes seem very minor but any change is better than no change at all.  It's hard not to get overly excited.  Let's keep positive and pay attention to what's going on because like I said ever since Al-Kazemi got put into office man that guy's hitting the ground running.

6-7-2020   Intel Guru Footforward  [...what do you think dollar amount will be for the dinar RV?]   ...This is all my opinion and not financial or investment advice. Dinar I'm hoping for something between $3.50 and 6.00 and on the dong I'm hoping for 5 - 25 cents...the plan for the longest time was the dong at 5 - 10 cents. The only reason it may be higher now is because Vietnam wants to pull away from China. I don't think $1 on the dong is possible or realistic. And I think even 50 cents is a stretch...Heck even 25 cents for them is a big stretch. 




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

Prime Minister Mustafa Al-Kazemi receives the President of the Republic and discusses a number of issues

The Prime Minister, Mr. Mustafa Al-Kazemi, received today, Sunday, the President of the Republic, Dr. Barham Salih, and a number of key issues were discussed during the meeting.

Dr. Saleh congratulated the Prime Minister on the completion of the cabinet, to implement his government program voted by Parliament, and to make every effort to provide services to citizens.

The Prime Ministers and the Republic discussed the latest developments on the internal level, the economic and security conditions, the steps to be taken in light of the challenges facing the country due to the Corona pandemic, and the deterioration of world oil prices.

It was stressed that the government will use all its capabilities to improve the service realities of citizens, confront corruption and reveal its potentials, and to achieve the aspirations of citizens in achieving the desired reform in all joints of the state.

Media office of the Prime Minister
7- June -2020

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

Prime Minister Mustafa Al-Kazemi receives a written message from his British counterpart

Prime Minister Mustafa Al-Kazemi received, today, Sunday, a written message from British Prime Minister Boris Johnson, which was delivered by British Ambassador to Baghdad Stephen Hickey.

Heiky conveyed the greetings of the British Prime Minister and Britain's willingness to support the Iraqi government, as it addresses many challenges, foremost of which is facing the Corona pandemic that is sweeping the entire world, and its implications for the economic and financial situation.

For his part, Prime Minister Mustafa Al-Kazemi praised Britain's support for Iraq, and his keenness to enhance bilateral relations between the two countries and raise the level of cooperation between them.

During the meeting, they also discussed strengthening cooperation between the two countries in the security, economic and investment fields, the situations in Iraq and the region, and the challenges facing the country.

Media office of the Prime Minister
7- June -2020
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ARTICLE 1-C (from PM Kadhimi's website; posted only on Arabic side, not on English side)
The Prime Minister chairs the meeting of the Supreme Committee for Health and National Safety, directs the continuation of the ban for this week and transfer it to the two parts of next week

Today, Saturday, the Prime Minister, Mr. Mustafa Al-Kazemi chaired a meeting of the Supreme Committee for Health and National Safety to discuss the developments and repercussions of the Corona pandemic in the country, and the measures to be taken.

The meeting discussed the procedures of the ban due to the Corona pandemic, as Prime Minister Mustafa Al-Kazemi directed the continuation of the ban for this week and turned it into two parts starting next week.

Al-Kazemi appreciated the role of health cadres who are making great efforts in facing the epidemic and their eagerness to perform their duties, and praised the great efforts made by the security forces in implementing the curfew and assigning health cadres in their duties.

Al-Kazimi stressed the importance of enhancing the awareness of society and the citizen, especially in this stage in which casualties have increased, and everyone has become aware of the seriousness of the disease, and that the government and all its organs are making strenuous efforts to confront the pandemic and try to surround the epidemic and reduce its effects and preserve the health of citizens.

Al-Kazemi indicated that the increase in the percentage of examinations carried out by health teams in Baghdad and the governorates revealed the size of the injuries, and stressed the importance for all to abide by the conditions of national safety and social separation.

The Prime Minister called for raising the level of awareness in the country, through various societal activities, in order to obligate citizens to health conditions and preventive measures and to preserve their safety.

The Minister of Health and Environment gave a detailed explanation on the latest developments of Corona disease in Iraq, the measures taken by the ministry in the face of the pandemic, and the measures taken in light of the increase in the number of infections throughout the country.

The committee took a number of decisions:

1- The comprehensive ban continues for a period of one week, starting from Sunday 7/6/2020, and until Saturday, 6/6/2020, with an emphasis to implement it accurately according to the procedures set by the Ministry of Health through:

A- Preventing gatherings in all its forms, and continuing to close (restaurants other than delivery service, event halls, parks, cafes, cinemas, malls, sports halls, private teaching institutes, private doctors ’clinics, swimming pools, shops), except for foodstuff stores and shops Fruits, vegetables, ovens and pharmacies.

B - Obligation of citizens to wear masks in public places and punish violators.

C- Maintaining the physical distance, not less than (2) meters between one person and another.

D - Preventing travel between governorates, in full compliance with the decision of the Supreme Committee for Health and National Safety No. (44) for the year 2020, regarding facilitating entry of stranded families between governorates.

E- Preventing the movement of individuals and wheels within the governorates, with the exception of employees of the Ministry of Health, security authorities, and service departments referred to in paragraph (11) of the Supreme Committee for Health and National Safety Resolution No. (57) for the year 2020.

2- The imposition of the curfew begins from six in the evening until five in the morning, starting on Sunday, 6/14/2020, and imposing a comprehensive curfew on Thursday, Friday and Saturday of each week, and the abolition of all exceptions granted during the days and hours of the above.

3- Obliging governmental and non-governmental institutions and private hospitals to provide sterilization materials and masks for all their affiliates, while applying physical separation and blocking procedures.

4- Establishing a mini operations room between the security forces responsible for implementing the ban and the Ministry of Health, for the purpose of accurately monitoring the implementation of the comprehensive ban.

5- Tightening the imposition of penalties and fines against the owners of shops excluded from the comprehensive ban, in the event that the necessary measures for preventing and preventing the spread of the disease are not applied, (providing sterilizers, wearing masks by all workers, and applying physical distance measures between customers at a distance of no less than (2) meters between One person and another from all directions, i.e. one person per 2 square meters of shop area).

6- Closing the provinces that contain the holy religious shrines completely, and setting up a mechanism for burying the dead, so that wheels carrying more than 7 people are not allowed, for any reason.

7- Tightening the procedures in the provinces that have border crossings with neighboring countries such as (Sulaimaniyah, Diyala, Wasit and Maysan).

8- Reconsidering the leaves granted to the security services and forces of all kinds, so that they are in the alternative system and for a period of not less than two weeks to prevent the spread of the disease between the governorates.

Media office of the Prime Minister
6- June -2020

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ARTICLE 2-A (from Government of Iraq twitter account)

Government of Iraq - Ø§Ù„حكومة Ø§Ù„عراقية @IraqiGovt
6-7-2020 around 2:45 pm Eastern

Deputy PM @AliH_Allawi: The @IraqiGovtcwill seriously work towards cutting red tape, and reforming the business environment in order to encourage domestic and international investment.

Government of Iraq - Ø§Ù„حكومة Ø§Ù„عراقيةc@IraqiGovt
6-7-2020 around 2:45 pm Eastern

Deputy PM @AliH_Allawi:  During my recent visit to the  Kingdom of Saudi Arabia and the State of Kuwait, I discussed investment and expanding cooperation between Iraq and the countries in the region. This is a key policy of the @IraqiGovt.

Government of Iraq - Ø§Ù„حكومة Ø§Ù„عراقية@IraqiGovt
6-7-2020 around 2:45 pm  Eastern

Deputy PM@AliH_Allawi: We do not want Iraq to remain a state dependent on oil as a primary source of revenue. One of the main priorities of the @IraqiGovt is to boost the private sector so that it can play its important role in the economy.

Government of Iraq - Ø§Ù„حكومة Ø§Ù„عراقية@IraqiGovt
6-7-2020 around 2:45 pm Eastern

Deputy PM @AliH_Allawi: The reforms will be guided by fairness; they will be introduced within three months and presented to the Iraqi people, the Cabinet, and to the Council of Representatives.

Government of Iraq - Ø§Ù„حكومة Ø§Ù„عراقية@IraqiGovt
6-7-2020 around 2:45 pm Eastern

Deputy PM @AliH_Allawi: The@IraqiGovt is addressing the legacy of pervious misguided policies, the impact of the pandemic, and fall in oil prices. We will be implementing economic and other reforms, working with every component of society.

Government of Iraq - Ø§Ù„حكومة Ø§Ù„عراقية @IraqiGovt
6-7-2020 around 2:45 pm Eastern

Iraq’s Deputy Prime Minister and Minister of Finance @AliH_Allawi holds a press conference in Baghdad to brief the media on the
@IraqiGovt’s strategy to addressing current and future fiscal challenges.

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ARTICLE 2-B (from Government of Iraq twitter account)
Government of Iraq - Ø§Ù„حكومة Ø§Ù„عراقية @IraqiGovt
·6-7-2020 around 6:45 am Eastern
#Covid19: Iraq’s Higher Committee for Health and National Safety extends nationwide curfew. Click here for more details:
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ARTICLE 3
Parliamentary Legal: The next sessions will be devoted to passing the budget law and the Federal Court
7/6/2020 16:50
[Baghdad-where]

The Parliamentary Legal Committee confirmed, on Sunday, that the upcoming parliament sessions will be devoted to passing the Federal Budget Bill of 2020 and the Federal Court Law.

Committee member Hussein Ali said in a statement that "Parliament will pass during the next two weeks all laws that relate to the economic aspect of crossing from the current financial crisis," pointing out that "the Maronite Federal Bill 2020 will be the first to pass soon."
He added that "the Federal Court Law is ready and may be voted on during next week's sessions."

On Sunday, a member of the House of Representatives for the Saeron Peace Bloc confirmed that his bloc sought with a number of political forces seeking to pass an equitable election law with wide popular participation.

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ARTICLE 4
Turkmen MP: We are marginalized, not like the Kurds, who took what they wanted from Baghdad and more
7/6/2020 21:13
Where's the news - Baghdad

Today, Sunday, a Turkmen deputy saw that the component to which he belongs was marginalized, while he saw that the Kurds came to Baghdad and took what they wanted from them, but more than they deserved.

"We voted in favor of creating a ministry that will be devoted exclusively to the Turkmen component and that ministry will be for state affairs," said Turkmen MP Mukhtar Al-Mousawi.
He added that "the candidate will be voted on after the meeting of the Turkmen forces next week to discuss the character that will be nominated and Minister."
He pointed out that "the Turkmen forces and throughout the three governments suffered from marginalization and exclusion, in contrast to the Kurdish forces that obtained more than their dues from Baghdad."
Yesterday, Saturday, the House of Representatives voted to authorize the Prime Minister to create a Ministry of State to be its minister for the Turkmen component.
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ARTICLE 5
Al-Kazemi: The bad administrative system has hindered many projects and we are working hard to reform it
7/6/2020 18:51
[Baghdad-where]

Prime Minister Mustafa Al-Kazemi confirmed today, Sunday, that poor administrative system has hindered many projects and we are working hard to reform it.

Al-Kazimi said during the special session of the Council of Ministers, according to what his media office said: "We bless the new ministers with the parliament's vote on them."

He added: "Today, after completing the cabinet, we start with practical steps, as a team, to overcome the challenges that the country is going through."

He stressed that "the country is going through crises and major challenges in the financial aspect, the Corona pandemic, the collapse of oil prices, etc., and we have put plans to overcome them, and this requires cooperation by everyone with the government to put the country on the right path."

He pointed out that "the bad administrative system has hindered many projects, and we are working hard to fix it."
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