Tuesday, June 2, 2020

WOTS MON JUNE 1 2020

WOTS MON JUNE 1 2020


The exchange rates of the dollar fell on the stock exchange, as it was stimulated by the local markets, Monday (1 June 2020).

The prices of the Kifah Stock Exchange - Baghdad recorded 123,400 dinars per 100 dollars. 
Buying and selling prices in banking shops 
The sale price of the dollar = 124,000 dinars. 
The purchase price of the dollar = 123,000 dinars.


The Markets:

Asian markets closed up NIK up by  .84%  HSI up by 3.36
% SHANG up by 2.21%

THe UK markets are currently trading mixed 2 are up by .86%  and .89% one is down by 1.65% 
Our futures are currently trading in the red DOW at 25354 down by .37%  SNP down by .43%  NDX  down by  .43%

Precious Metals:

Gold redgreen at 1735    Silver green at 18.65      Copper  green at  243     Platinum green at 838 

Brent 37   WTI 35

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1167.9000  1221.8000 1192.1000 1191.0000 1191.0000  -0.4000 12:07
 USD/VND  23264.0000  23267.0000 23281.2800 23245.3300 23281.2800  -30.8300 15:00
 USD/CNY  7.1332  7.1354 7.1375 7.1293 7.1363  -0.0030 04:59
 USD/KWD  0.3077  0.3087 0.3081 0.3079 0.3081  -0.0003 04:59
 GBP/USD  1.2388  1.2389 1.2425 1.2322 1.2324  0.0042 05:00
 USD/IRR  42000.0000  42210.0000 42097.5000 42097.5000 42097.5000  97.5000 06:03
 USD/IDR  14505.0000  14575.0000 14627.0000 14440.0000 14627.0000  -117.0000 04:56


Things in the News:


Texas Is Showing the World How to Reopen Cautiously A month into lifting restrictions, coronavirus cases haven’t surged. Many residents are keeping their distance, raising doubts about the speed of the economic recovery.  

Inventing a device to sterilize money and eliminate the Corona virus in seconds  

The Galileo Galilei Institute, Italy, has announced the invention of a device that can eradicate Corona virus transmitted through banknotes.

The device was invented by student of the Galileo Institute who is passionate about technology and scientific research, Gurel Yunot Bohutich, as it is a money laundering machine.

Previous studies have shown that Covid-19 disease can be transmitted through coins as it has a great ability to remain on smooth surfaces, including paper as well.
The euro is the official currency in Europe and is printed on paper and then added to it a watermark and metal paper, according to the Italian agency "Aki".

Since money is one of the main means of transmission, because it is transmitted in the hands of everyone, so the device is considered a safe way to get rid of the risk of transmission of the emerging Coruma virus.

The device can be operated by placing the banknote on the moving part of the machine, which is pushed into the device, where the lamps produce a wavelength of 185 nm, the ozone that kills any kind of pathogen. "

And within 3 seconds, the moving part can be pulled out so that you can use the money completely safely.

The device is still under design, and has not yet been done due to the shutdown state. The project was chosen by the (Make Usa) science fair, which will be virtual this year due to the emergency resulting from the Covid-19 outbreak

Iraqi Articles:

Parliamentary: Making changes to the budget law consistent with two crises

MP Kata al-Rikabi revealed, on Monday, that changes to the budget law were made in line with two crises.
Al-Rikabi said, "The budget bill is still in the custody of the government and it has not been sent to parliament."
He pointed out that "the law has been subjected to changes that are consistent with the current economic and health situation after the outbreak of the Corona epidemic and the collapse of oil prices."

the house of representatives sets the third of june as the date for the return of its sessions


Today, Sunday, the 3rd of June, the House of Representatives has set a date for the return of its sessions.
The Presidency Authority said in a statement received by Al-Ahed News that "the House of Representatives will hold its regular session on Wednesday, 3/6/2020, at one o'clock in the afternoon to read and discuss a number of laws listed on its agendas."
The House of Representatives held its last session on (6 May 2020), where it voted for the cabinet of the current Prime Minister, Mustafa Al-Kazemi.
After the vote on Al-Kazemi's booth, the special session was raised to another notice.


Oil prices rise slightly ahead of a possible OPEC + meeting
link
Oil prices were satisfied with a slight change on Monday, as the Organization of Petroleum Exporting Countries (OPEC) is considering holding a meeting this week to discuss extending unprecedented production cuts beyond the end of June.
Brent crude settled unchanged at $ 37.84 a barrel, in the first trading days of the August contract as the earliest entitlement contract.
West Texas Intermediate crude oil for July delivery was $ 35.53 a barrel, up 4 cents, or 0.1 percent, by 0629 GMT.
The decline comes after prices for the closest month to maturity for Brent and West Texas registered their strongest monthly gains in years in May. The gains were supported by the decline in OPEC crude production to its lowest level in 20 years, with demand expected to recover as more countries emerge from the comprehensive closures imposed to combat the Corona virus.
"The focus is on OPEC +," said Khu Wei Lee, an OCBC economist, referring to OPEC and its allies, including Russia. OPEC + agreed in April to cut production by an unprecedented amount of 9.7 million barrels per day in May and June, following the collapse of demand from the Corona pandemic.
"We may see a cautious fall in (crude) prices due to the late downstream movement ... but if OPEC reaches a three-month extension, it is possible that prices will reach the level of $ 40," Lee said.


The Iraqi Government Sends A Letter To Parliament On External Borrowing

 A parliamentary source  announced that the Iraqi government has sent a letter to Parliament regarding external borrowing .
He said the source (the independent) on Sunday  that " the government is not able to resort  to borrowing the outside without the approval of the Council of Representatives " , pointing to the " last stopped borrowing external in the budget of 2019".
He added that " the Council of Ministers sent a book to the parliament to discuss the request of the government and resort to borrowing outside to fill the deficit in the draft law of the budget general for the year 2020".
He added  that " the Ministry of Finance and experts economists will assess the  need of Iraq actual to loans foreign, then will determine the countries to resort to bridge the deficit fiscal in the budget public ."


NO CBI
NO ISX 

6-1-2020   Newshound Guru MilitiaMan   Article:  "The Stock Exchange announces postponing its sessions until next week"   Fascinating they kicked the can down the road again... Allows for any necessary adjustments that may come their way? lol Yep, imo... With the CBIESD site still showing a massive change to the ISX Indice the chances of them coming back again at a program rate seem to be a no way situation, imo.. From today through June 4th. That is Thursday... Man things look good for us. If they need to notify people, from now through next Saturday could be a very interesting time to do so... If need be... imo
5-31-2020   Intel Guru Footforward   ...all banks exchange dong. No banks except for Citi Bank exchange dinar right now because it's not an internationally traded currency.   There is the potential for satellite banks from the CBI to be in the US...Imo the CBI would have the best rates. They are playing with house money. It costs them nothing to cash us out...Hence why there would be no income tax in that case. It literally becomes a currency swap in the truest sense... Between those, our banks and currency dealers, we will have tons of options.  No bank in their right mind is going to talk about post RV right now...  [Be sure to check with your tax professional at the appropriate time.]

5-31-2020   Newshound Guru Pimpy   Article  "Parliamentary Finance: Al-Kazemi has the powers to cancel the currency auction" ...Say what?  That's right!  Quote "members of the parliament finance committee confirms on Saturday that Prime Minister Kazemi owns the powers to cancel the foreign currency auctions at the central bank..."  There are a lot of things going on...

5-31-2020   Newshound Guru Jeff  ...this is my opinion.  Nothing more.  I'm strongly looking to the second half of June for a financial blessing and for Iraq to go international...

5-31-2020  Newshound Guru MilitiaMan  Article:  "A Kurdish deputy calls on the Minister of Finance to take steps to stop manipulating Iraqi imports from Zakho to Basra"   another gem talking about implementing radical financial reforms... Radical as in the removal of three zeros and apply REER (Real Effective Exchange Rate)? That would work for me..

5-31-2020   Newshound Guru Pimpy  Trump has a lot more information and a ton of advisers that know a million things more than we all do but the point being if we're just generally speaking the whole world's economy needs a kick-start.  In order for us to really have a booming economy here in the United States we're going to have to rely on other countries as well to help us do that.  We need to manufacture things and export them.  We also need to import goods as well.  So that means everyone has to start off at a level playing field.  How do you make that happen?  Change the rate.  Why is the third quarter going to be slow?  Because as the rate changes and we're doing our exchanging the economy is only starting to rebound.  The true numbers will pop out in the fourth quarter as more and more people go out and shop and buy and do what they need to do...I'm with you Trump and we all agree with you.  We know a way that can make sure that the third and fourth quarters as well as next year are booming.  Change the rate... [Post 3 of 3]

5-31-2020   Newshound Guru Pimpy  ...If you were Trump and this quarantine just killed the best economy in recorded history...and you need to kick-start your country - You need to kick-start this economy?  ...Let me add in something...In order for us to have a booming economy again that means other countries have to be kicking butt too.  What kind of move can Trump make that wouldn't just kick-start the economy here in the United States, [but] kick-start economies around the world?  How many dinar holders do you think are worldwide?  How many Vietnam dong holders are worldwide?  Do you see where I'm going with this?  ...If you're in this situation that we're in right now around the world...you're gonna have to throw logic out the door.  You're gonna have to make a move.  And what is that move? ...Reset the currencies at the proper value.  Reinstate Iraq's currency rate.  That's what I would do if I was Trump.  [Post 2 of 3....stay tuned]

5-31-2020   Newshound Guru Pimpy   ...Is Trump hinting at when the rate change will happen?  ...this next week for us I think is going to be really big. People keep asking me do you think Trump is going to pull the trigger on a rate change before the election.  Well yeah, that would make sense to me.  With everything that's going on, if you wanted to become a "shoe in",  If Trump wanted to win in a landslide he would pull the trigger on the rate change.  Will he?  Let's hear what trump has to say, "...I can tell you the third and fourth quarter in particular are going to be I think spectacular."  Gee, really?  Why is that Trump? ...What would be the reason for him to think that?  We're not even out of quarantine fully yet...he's got resistance from the democrats.   The liberals are keeping their states and cities on lock-down...What makes him think there's going to be a huge recovery?  He knows something that the rest of the people don't know.  Or does he?  Or do we know what Trump knows? [Post 1 of 3....stay tuned]

5-31-2020   Intel Guru RayRen98  A CERTAIN "GURU" IS TRYING TO GET PEOPLE EXCITED FOR SOMETHING ON SUNDAY NIGHT...I HAVE "NOT" HEARD ANY SUCH THING FROM OUR BANK SOURCES. TIME WILL TELL, OR NOT.  [Reference Guru Bruce post 5-29-2020]


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

The Prime Minister, Mr. Mustafa Al-Kazemi, chaired a meeting of the Ministerial Council for National Security

Today, Sunday, the Prime Minister, Commander in Chief of the Armed Forces, Mr. Mustafa Al-Kazemi, chaired a meeting of the Ministerial Council for National Security to discuss his agenda.

Al-Kazemi stressed during the meeting the importance of protecting health security for citizens, as an integral part of national security in light of the vulnerability of Iraq and the whole world to the Corona pandemic.

Mr. Al-Kazemi pointed out the importance of citizen awareness in cooperation with the security and health services, as it is the cornerstone in combating the spread of the epidemic, and the decisive factor in the effective reduction of the spread of infections.

The Council discussed, within its agenda, the procedures of the security services in implementing the curfew in Baghdad and the provinces, in light of the escalation of the number of injuries differently from the previous, and ways of upgrading and integrating performance between the departments of the Ministry of Health and the rest of the state agencies charged with dealing with the pandemic.

The Council took the appropriate decisions in this regard.

Media office of the Prime Minister
May 31-2020

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

The Prime Minister receives a congratulatory message from the Prime Minister of the Islamic Republic of Mauritania 5-31-2020

The Prime Minister, Mr. Mustafa Al-Kazemi, received a congratulatory message from the Prime Minister of the Islamic Republic of Mauritania, Mr. Ismail Ould Baddah, Ould Cheikh Sidia.

Mr. Ismail Ould Baddah congratulated Mr. Al-Kazemi, on the occasion of his government obtaining the confidence of the Iraqi parliament, wishing for his ministerial formation to fully manage the challenges and looking forward to strengthening bilateral relations with Baghdad within the framework of the Mauritanian-Iraqi joint committee for cooperation.

Media office of the Prime Minister
May 31-2020

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ARTICLE 2 (from Government of Iraq twitter account)

Covid-19: Iraq extends nationwide curfew
31 May 2020 - 1:12 pm

Prime Minister Mustafa Al-Kadhimi chaired on Saturday a joint meeting of  the Higher Committee for Health and National Safety and the parliamentary Covid-19 crisis cell.

At the start of the meeting, the Prime Minister paid tribute to Iraq’s health teams for being on the frontline during the current health emergency, and to Iraqi security forces for supporting Iraq’s national effort to combat Covid-19.

The Prime Minister thanked Iraqi families for observing the curfew and complying with other restrictions during this very challenging period.

Following discussions, the joint meeting agreed a number of measures, including:

Extending the nationwide curfew in Iraq until 06/06/2020. Grocery stores, bakeries and pharmacies are exempt, provided that no more than five customers are allowed into such premises at any one time, and that both staff and customers wear face masks
Restaurants to remain closed, but are allowed to offer home delivery service
All ministries will remain closed during this period, except for the ministries of Health, Electricity, Agriculture and Water Resources, as well security ministries and municipality services
The wearing of face masks in public remains compulsory, with fines for those who fail to comply
Domestic flights remain suspended, as are flights to and from Iraq
The security forces are directed to strictly enforce these measures in cities and towns, and within neighbourhoods
The joint meeting underscored the importance of all citizens continuing to follow official health advice and physical distancing guidelines, and to comply with the curfew to keep themselves, their families and communities safe.

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ARTICLE 3

Urgent House of Representatives decides to resume its sessions next Wednesday
5/31/2020 20:35
Where's the news - Baghdad

The Presidency of the House of Representatives announced, today, Sunday evening, that the House of Representatives will resume its regular session on Wednesday, 3/6/2020 one o'clock in the afternoon
To read and discuss a number of laws listed on his agendas.

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ARTICLE 4

A deputy called on Al-Kazemi to cooperate with the Shiite blocs to dismiss Al-Halbousi and dissolve parliament
5/31/2020 18:20
Where's the news - Baghdad

On Sunday, the winning deputy, Najat Al-Taie, called on Prime Minister Mustafa Al-Kazemi and the Shi’ite blocs to cooperate to dismiss Parliament Speaker Muhammad al-Halbousi and dissolve parliament.

Al-Tai said, "The political blocs, particularly the Shiites, are clearly aware of the violations of the Speaker of Parliament, Muhammad Al-Halbousi, in dealing with the constitution and paying salaries to space representatives and counterfeiters, and depriving winning representatives from obtaining their parliamentary seats."

She added, "These blocs are counting on them to dissolve the parliament and dismiss al-Halbousi," calling on Prime Minister Mustafa al-Kazemi to "uncover fraud and manipulators and cooperate with political blocs that are now moving to dismiss the speaker of parliament in preparation for its dissolution."

Deputy MP Jamal Fakher, earlier on Sunday, described the parliament as "clinically dead", blaming Parliament Speaker Mohamed Al-Halbousi for that, while calling on the presidents and ministers to speed up early elections.

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ARTICLE 5

Kurdish blocs appeal to the three presidencies and the United Nations mission to intervene to prevent "serious breach" in the province
5/31/2020 20:25
Where's the news _ Erbil

A number of Kurdish blocs, in a statement today, appealed to the three presidencies and the United Nations Mission in Iraq (UNAMI) to intervene to stop "a serious breach" in the Kurdistan region.

"We, the parliamentary blocs signed below, are following with deep concern the process of selecting general managers and department heads in the branches and offices of the High Commissioner for Elections, especially in the Kurdistan Region, because we have observed many legal violations and clear partisan interference, and failure to follow the criteria to be observed, especially Independence, efficiency, integrity and impartiality, in addition to providing and protecting the principle of equal opportunities.

The statement called on the three presidencies and UNAMI to "intervene to stop this process, which civil society organizations also objected to in the region, since the continuation of these unacceptable practices constitutes a constitutional breach and represents a self-challenge by the commission against its legitimacy and itself that is supposed to be an example of complete independence, and we confirm that this The wrong and impartial approach will result in a loss of credibility in any electoral process based on these party-specific procedures, appointments and transfers, and thus more citizen reluctance to participate more and more than participation in it, as we saw in the last elections.

He pointed out, "We see an obligation on all of us, with our names, attributes and all of its location, to strive to correct the path of the commission and ensure its independence, with all possible measures and available means, including parliamentary, legal, media, and popular affairs, in order to preserve the electoral process that led to its impartiality and the shameful fraud that was repeated in particular." The 2018 elections lead to a loss of confidence among citizens in the entire political process and in the legitimacy of the institutions of government in Iraq, and this is what we have to remedy and correct its deviation from the seriousness of the right that the other side represents restoring the citizen’s confidence in the democratic process and the political system as a whole, and this is the duty of all of us
Where the statement was signed by:

1. Parliament Change Block
2. Kurdistan Islamic Union bloc
3. Islamic Group Bloc
Kurdish
4. The Future Parliamentary Bloc
5. Parliamentary Independent Bloc
6. Member of the Sulaymaniyah Governorate, "Yousra Rajab"

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