The Markets:
The Asian markets closed n the green NIK up by .50% HSI up by 1.62% SHANG up by 1. %
The UK markets are currency trading in the green ranging from .80% to 2.17%
Our futures are green the DOW at 26148 up by .75 SNP at 312 up y .69 NDX at 10186 is up by .60
Precious Metals:
Gold is green at 1757 SIver is green at 18.11 Copper is geen at 267 Platinum i green at 831
Brent 43 WTI 41
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1186.0000 |  1194.0000 | 1188.7000 | 1188.7000 | 1188.7000 | -0.2000 | 00:18 |
| USD/VND | 23264.0000 | 23267.0000 | 23202.0100 | 23202.0100 | 23202.0100 | 4.7700 | 01:30 |
| USD/CNY | 7.0664 | 7.0684 | 7.0784 | 7.0636 | 7.0667 | -0.0011 | 05:16 |
| USD/KWD | 0.3071 | 0.3081 | 0.3078 | 0.3075 | 0.3078 | -0.0003 | 04:06 |
| GBP/USD |  1.2457 | 1.2458 | 1.2511 | 1.2436 | 1.2468 | -0.0011 | 05:17 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 97.5000 | 06:03 |
| USD/IDR | 14198.0000 | 14204.0000 | 14261.0000 | 14081.0000 | 14200.0000 | 0.0000 | 05:15 |
Things in the News:
Looking Forward to End of Humanity...
Promise and Peril of 'Transhumanism'...
Scientists develop 3D prosthetic eye -- better than real thing?
Japan supercomputer named fastest...
Promise and Peril of 'Transhumanism'...
Scientists develop 3D prosthetic eye -- better than real thing?
Japan supercomputer named fastest...
Iraqi Articles:
4 Files on the table for a meeting with Blaskhardt with the Iraqi Prime Minister
On Monday, Prime Minister Mustafa Al-Kazemi confirmed the government's intention to prepare well for the elections.
The media office of the Prime Minister stated in a statement, "People" received a copy of it, (June 22, 2020), that "Prime Minister Mustafa Al-Kazemi received the Special Representative of the Secretary-General of the United Nations in Iraq, Mrs. Jenin Hennes-Blaskhardt. During the meeting, the mission's work was discussed The International in Iraq, in addition to the efforts made by the government to prepare for the early legislative elections. "
Al-Kazemi assured the Special Representative of the Secretary-General of the United Nations in Iraq, according to the statement, "The government's intention to prepare well for the conduct of the elections, and to overcome obstacles and obstacles that were previously exposed to previous electoral processes," stressing that "the upcoming elections will be a true and sincere expression of the will of the Iraqi people." And his aspirations to achieve development and political stability, and to complete the sustainable constitutional building for the Iraqi state. "
The Prime Minister indicated "the importance of international cooperation in the preparation and preparation processes, as they have positive repercussions on the credibility of the electoral process."
Al-Handal calls on the government to cooperate with the private sector to advance the Iraqi economy
The head of the Iraqi Private Banking Association, Wadih Al-Handal, called on the Iraqi government to cooperate with the private sector to develop an appropriate climate that will drive the advancement of the Iraqi economy.
The head of the Iraqi Private Banking Association, Wadih Al-Handal, said in his speech at the " IRAQ FINANCE EXPO " conference , which was viewed by the "Economy News", that "the serious repercussions resulting from excessive dependence on oil and the adoption of inflexible economic policies, led Iraq to a tragic situation so requires to move away from solutions The patchwork that will lead to dangerous social repercussions leads the country to the unknown.
He added that the current government requires it to cooperate with the private sector in creating the appropriate climate to lead the wheel of promoting the Iraqi economy at a faster and more effective pace, explaining that economic reform must be based on the digital economy and activating the private sector’s participation in basic sectors such as food industries, electricity, agriculture, gas and others.
A Kurdish delegation in Baghdad to discuss controversial issues
Today, Tuesday, a delegation from the Kurdistan Regional Government arrives in the capital, Baghdad, to solve the contentious problems related to the budget, salaries of employees in the region, and Kurdish oil.
Informed sources said to "The Economy News", that the delegation of the Kurdistan Regional Government will arrive today, Tuesday, led by Deputy Government Qubad Talabani, to discuss three issues represented by the Kurdish oil and salaries of the region's employees and the region's share of the budget.
She stressed that "the Kurdistan Regional Government is in a very big stalemate, as even if it has not delivered one salary to the Territory's employees since the beginning of the year and is looking for quick solutions to end the financial crisis," noting that "the Baghdad government tends to be slow in dealing with the Kurdistan Region because of the great public refusal to grant any Funds for the Kurdistan region in light of the stifling financial crisis in Iraq.
The relationship between Baghdad and Erbil has been strained since 2003 due to the failure of Kurdistan to grant border crossing funds and oil fees and taxes to the government of Baghdad, as the capital Baghdad approved the Kurdistan region's share of the budget in the year 2005 and by 17%, but in the government of Haider al-Abadi reduced it to 12%.
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 $ 264,347,556.
including cash sold 31,260,000
ISX Update: At my last checking
Shares Traded: not updated for today
Value Traded: not updated for today
closed
6-23-2020 Newshound Guru Samson Article: "Corona may prompt the Iraqi parliament to hold unprecedented sessions" Quote: "Next Wednesday will see a vote on the law on external and internal borrowing," noting that "the oil and gas law will be included in the upcoming sessions."
6-22-2020 Intel Guru MarkZ [via PDK] [Why is there so much fake intel?] We knew this was going to happen…we have been told for years…we knew that at the tail end that this is exactly what we were going to see. I’m not letting it shake me and I am excited about where we are at.
6-22-2020 Newshound Guru Pimpy ...When I started the conference last night I noticed that the link wouldn't go through to see the conference. So I emailed the organizers and I told them that I have the ticket to get into the conference but it's not letting me go through...they email me back and this is what the email says. 'Dear Luther, Thank you for your email. I am afraid we cannot be allowing companies that underrate dinar trading in the United States into the conference as per our strict attendance rules. You have been fully refunded via PayPal.' ...I know we were looking forward to getting some information from this conference but unfortunately one of the organizers there is a follower of my channel and he knew exactly that we talk about the Iraqi dinar. Now I don't actually undertake in distributing Iraqi dinar. I just give my opinion based on news articles about the Iraqi dinar so that was a little upsetting because I've been looking forward to it all week...unfortunately it just did not pan out...
6-22-2020 Newshound Guru Jeff ...when Washington comes to Iraq that's to help them. Usually when Iraq goes to Washington it's to congratulate them and say congratulations job well done. IMO July 15th could be our back wall based on that...I would almost say that would be Kazemi going to Washington after the rate change...
6-22-2020 Intel Guru Footforward [...Any thoughts on the dong still for June...] from where I sit, my opinion is they need to do something fairly quickly now with all that's going on with China. And the signs to me suggested June or July as a timeline. So that's what I'm looking for...
6-22-2020 Intel Guru MarkZ [via PDK] Lots of chatter right now...According to banking contacts we are done!! All of my banking contacts are coming unglued…we saw testing of the systems last week….we saw all kinds of rates hitting banks….bankers that I have not talked to in quite awhile told me it looks like we are getting close…..we are getting prepped for it… I really do think we are at the end of it…I am actually very upbeat about where we are…just don’t think we will see it Tuesday. In Iraq they are talking about July 1st having a new and competitive currency so I think we are looking at sometime between here and there for the reset. [Will we be done by the 4th of July?] Yes I think so…
6-22-2020 Guest Guru DataSteward I have a different perspective about keeping Alak until July 15. [Reference Guru Jeff's post 6-19-2020] Whenever I was part of a team to deploy an upgrade or a new software system we usually scheduled 1 to 2 weeks following the deployment date for dedicated technical support to fix bugs and to immediately assist users with whatever they needed. Alak has intellectual capital nobody else has and they should keep him around a week or two after they change the rate to answer questions and provide solutions for things that didn't go as planned.
6-22-2020 Newshound Guru MilitiaMan Article: "In the first official position, the central bank proposes a mechanism for the government to cross the financial crisis" Quote: "...there are 3 advantages enjoyed by the financial situation of Iraq, the first of which is a rich country and its oil resource is quantitatively stable and the last barrel of oil in the world according to studies will be from Iraq and secondly that the bank The central bank has good reserves..." Currency Rates are mechanisms. Bonds are mechanisms, bonds have interest rates associated with them, the are liquid assets just as currency, that can be traded on the secondary markets... Looks like they are even mentioning the banks international interface as the vehicle to do so... The bonds will be for local and or global availability. They even have an open for business sign out (lol) for all days of the week to keep things flowing from now on, even taking into account the epidemic. imo.
6-22-2020 Newshound Guru Pimpy ...we are about 15 hours away from the big Iraq conference...this is on what's going on it Iraq as far as the economy is concerned, investment opportunities, the whole nine yards. We're hoping for some good Easter egg or at least some good fact that come out and tell us that indeed the rate change is going to happen...
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.
6-22-2020 Newshound Guru Pimpy ...When I started the conference last night I noticed that the link wouldn't go through to see the conference. So I emailed the organizers and I told them that I have the ticket to get into the conference but it's not letting me go through...they email me back and this is what the email says. 'Dear Luther, Thank you for your email. I am afraid we cannot be allowing companies that underrate dinar trading in the United States into the conference as per our strict attendance rules. You have been fully refunded via PayPal.' ...I know we were looking forward to getting some information from this conference but unfortunately one of the organizers there is a follower of my channel and he knew exactly that we talk about the Iraqi dinar. Now I don't actually undertake in distributing Iraqi dinar. I just give my opinion based on news articles about the Iraqi dinar so that was a little upsetting because I've been looking forward to it all week...unfortunately it just did not pan out...
6-22-2020 Newshound Guru Jeff ...when Washington comes to Iraq that's to help them. Usually when Iraq goes to Washington it's to congratulate them and say congratulations job well done. IMO July 15th could be our back wall based on that...I would almost say that would be Kazemi going to Washington after the rate change...
6-22-2020 Intel Guru Footforward [...Any thoughts on the dong still for June...] from where I sit, my opinion is they need to do something fairly quickly now with all that's going on with China. And the signs to me suggested June or July as a timeline. So that's what I'm looking for...
6-22-2020 Intel Guru MarkZ [via PDK] Lots of chatter right now...According to banking contacts we are done!! All of my banking contacts are coming unglued…we saw testing of the systems last week….we saw all kinds of rates hitting banks….bankers that I have not talked to in quite awhile told me it looks like we are getting close…..we are getting prepped for it… I really do think we are at the end of it…I am actually very upbeat about where we are…just don’t think we will see it Tuesday. In Iraq they are talking about July 1st having a new and competitive currency so I think we are looking at sometime between here and there for the reset. [Will we be done by the 4th of July?] Yes I think so…
6-22-2020 Guest Guru DataSteward I have a different perspective about keeping Alak until July 15. [Reference Guru Jeff's post 6-19-2020] Whenever I was part of a team to deploy an upgrade or a new software system we usually scheduled 1 to 2 weeks following the deployment date for dedicated technical support to fix bugs and to immediately assist users with whatever they needed. Alak has intellectual capital nobody else has and they should keep him around a week or two after they change the rate to answer questions and provide solutions for things that didn't go as planned.
6-22-2020 Newshound Guru MilitiaMan Article: "In the first official position, the central bank proposes a mechanism for the government to cross the financial crisis" Quote: "...there are 3 advantages enjoyed by the financial situation of Iraq, the first of which is a rich country and its oil resource is quantitatively stable and the last barrel of oil in the world according to studies will be from Iraq and secondly that the bank The central bank has good reserves..." Currency Rates are mechanisms. Bonds are mechanisms, bonds have interest rates associated with them, the are liquid assets just as currency, that can be traded on the secondary markets... Looks like they are even mentioning the banks international interface as the vehicle to do so... The bonds will be for local and or global availability. They even have an open for business sign out (lol) for all days of the week to keep things flowing from now on, even taking into account the epidemic. imo.
6-22-2020 Newshound Guru Pimpy ...we are about 15 hours away from the big Iraq conference...this is on what's going on it Iraq as far as the economy is concerned, investment opportunities, the whole nine yards. We're hoping for some good Easter egg or at least some good fact that come out and tell us that indeed the rate change is going to happen...
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.
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, chairs the Higher Council of Population meeting
Today, Monday, the Prime Minister, Mr. Mustafa Al-Kazemi presided over the meeting of the Supreme Population Council, in the presence of a number of ministers, heads and officials of the relevant bodies and departments.
The council discussed topics included in the agenda that included reviewing the general population and housing census work carried out, and preparatory work for it, and also discussed the vocabulary of the support provided by the United Nations Population Fund (UNFPA), which included supporting the census process and supporting the population policy program.
The council discussed the national document on population policies, the administration of work in the document currently approved, and the process of updating it.
The Prime Minister, Mr. Mustafa Al-Kazemi, explained the administrative and planning importance of having an integrated population census within a general population and housing census.
He stressed that population statistics is the basis for any development building looking confidently to the future, pointing out that the conditions and challenges facing Iraq today, it is imperative for us to proceed with confident and strong measures to overcome the repercussions of the Corona pandemic crisis, and the accumulated remnants of mismanagement.
Mr. Al-Kazemi indicated that the general census is a strong and solid document that supports any future electoral process, confirms its fairness and good management, and provides it with a sound and correct database.
The Council decided to direct the Ministry of Planning and the working group to prepare the general census to proceed in preparing all implementation requirements, within a time period to be determined according to technical formulas by the specialists, and in coordination with the ministries of health and finance, and identify the most important obstacles and requirements in order to take the necessary decisions regarding them.
Media office of the Prime Minister
June 22 -2020
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ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side)
Issuance of official orders to stop the double salaries and entitlements of the Rafha detainees, and limit them to only one person, with a salary that does not exceed one million dinars, and that he be inside Iraq and head of a family, and he has no salary from the state
Resolution
The Council of Ministers
No. (27) for the year 2020
The Council of Ministers decided at its fifth ordinary session, held on 9/6/2020, as follows:
1. The financing of the Rafah detainees' entitlements shall be in accordance with the stipulations provided for
In Law: (35 of 2013), provided that it does not exceed the upper limit
Due from (1,000,000) dinars, only one million dinars per month,
If the following conditions are met:
a. The detainee must be currently residing in Iraq.
B. The detainee is currently the head of the family, and the exchange is for the head of the family only, and it is not spent for the rest of his family.
A. Those who do not receive a salary from the state, a pension, a pension, or any other income from the state.
Dr.. The recipient is responsible for receiving the salaries other than paragraphs (a, b, c) above, and the original procedures will be taken against him.
2. The Political Prisoners Corporation shall ensure that the aforementioned conditions are met.
3. In the aforementioned, the financing of pension salaries and any financial entitlements stipulated for the detainees of Rafha stipulated in the Political Prisoners Law: (4 of 2006) as amended by Law: (35 for the year 2013) and for further notice shall be suspended.
4. Confirmation of the implementation of Article (10) of Law: (26 of 2019) Law of the First Amendment of the Unified Retirement Law: 9 of 2014 regarding the abolition of all legal texts that allow the combination of two or more salaries except for the categories mentioned in the above.
Media office of the Prime Minister
June 22 -2020
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ARTICLE 1-C (from PM Kadhimi's website; posted only only on Arabic side, not on English side)
Prime Minister Mustafa al-Kazemi holds a meeting with members of the Parliamentary Committee on Economy and Investment
The Prime Minister, Mr. Mustafa Al-Kazemi, held today, Monday, a meeting with the Chairman and members of the Parliamentary Committee on Economy and Investment, during which the white paper prepared by the Council of Ministers was discussed, and includes economic, financial and administrative reforms, plans and strategies to meet the challenges facing the country.
Mr. Al-Kazemi listened to the proposals and opinions of the members of the Parliamentary Committee, the vision of the Committee regarding the solutions proposed, and the obstacles facing the process of developing the Iraqi economy and activating the various sectors.
Mr. Al-Kazemi stressed the importance of the current stage witnessing more cooperation between the executive and legislative authorities, in a way that leads to citizen service and achieving the public interest of the country, and overcoming the challenges he faces, indicating his keenness to hold continuous meetings with the parliamentary committees and representatives, as this communication reflects positively On the progress of the situation in Iraq.
The Prime Minister affirmed that his government prepared a white paper for the expected reforms, and made preliminary recommendations that are being discussed before taking them forward, indicating the need for complementarity between the government and the parliament to support these reforms.
Mr. Al-Kazemi indicated that mismanagement and absolute dependence on oil revenues is what got us to the situation that we are currently witnessing, and we seek to address it by working to activate the sectors of agriculture, industry, tourism, investment, and others to maximize the country's imports.
Media office of the Prime Minister
June 22 -2020
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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
Before Wednesday's session .. Parliament Speaker warns of "great disaster"
6/22/2020 15:09
[Baghdad-where]
The House rapporteur warned of a "great catastrophe" in case the parliament session is held next Wednesday.
Khadija said that "the parliament session will be held next Wednesday to consider the issue of borrowing, but due to the increasing number of injuries and touches in addition to the deputies and staff working in the parliament dome exposed to injury and transfer to others what might generate [a great disaster] if we take the paralyzed health system in the parliament and in Iraq in general ".
She added, "The House of Representatives, and instead of causing this health catastrophe, to injure representatives or transfer them to protections and workers in Parliament, we call for the sessions electronically."
Ali indicated, "There are a number of deputies, media workers and employees who may be injured but they are unaware of their injury and if they do not take preventive measures such as wearing a mask or gloves and so on, it spreads the disease without knowing that we are avoiding any health problem and solving the problem of borrowing that includes salaries and so as not to delay the financial situation of the country and the economic Depending on the deputies ’voting, we see if the sessions are electronic.
The Presidency of the House of Representatives was instructed yesterday to hold a session to vote on the draft of the internal and external borrowing law after tomorrow, Wednesday, at one o'clock in the afternoon.
It is noteworthy that the Speaker of the House of Representatives, Muhammad Al-Halbousi, revealed yesterday the number of infections with the Corona virus in Parliament, and said in a televised statement: There are six confirmed cases of the Corona virus among Iraqi representatives, in addition to 28 employees in the Council.
He indicated that "the number of employees in the House of Representatives infected with Corona virus was 22 and now 28 employees, including a general manager," noting, "It is difficult to hold sessions of the House of Representatives now."
he number of Corona virus infections in Iraq has increased dramatically in recent weeks, and the Ministry of Health announced, until Sunday, that 1646 new cases of the virus had been registered, bringing the number of people infected to 30,868, of whom 1,100 had died so far.
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ARTICLE 4
The Finance Committee reveals the reason not to distribute the salaries of employees for the month of June
6/22/2020 21:14 •
[Baghdad-where]
Member of the Parliamentary Finance Committee MP Faisal Al-Issawi revealed, on Monday, the date for distributing the salaries of Iraqi state employees for the month of June, after disturbing information that indicated that no directive had been issued to spend them until the date of June 21.
Al-Issawi said in a press statement, "The Parliamentary Finance Committee is in continuous communication with the government and the Ministry of Finance, regarding knowing the date for the salaries of state employees for the month of June." Money at the moment is not enough to cover half of the salaries. ”
He added that "the payment of salaries depends on the approval of a law requiring the approval of internal borrowing from government or private banks or the sale of bonds to provide financial liquidity," noting that "the end of this week may witness the distribution of employees salaries for the month of June."
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ARTICLE 5
Al-Kazemi: “Population Statistics” is a strong support for any future electoral process and confirms its fairness and good management
6/22/2020 18:37
Where's the news - Baghdad
Prime Minister Mustafa Al-Kazemi confirmed today, Monday, that the general population census is a strong and solid support for any future electoral process, confirms its fairness and good management, and provides it with a sound and correct database.
This came during his presidency of a meeting of the Supreme Council of Population in the presence of a number of ministers, heads and officials of the relevant bodies and departments.
The council discussed topics included in the agenda that included reviewing what has been done of the general population and housing census, and its preparatory work, and also discussed the vocabulary of the support provided by the United Nations Population Fund (UNFPA), which included supporting the census process and supporting the population policy program.
Turning to the discussion of the national document on population policies, the work administration of the document currently approved, and the process of updating it.
Al-Kazemi explained the administrative and planning importance of having an integrated population census within a general population and housing census.
He stressed, "The census is the basis for any development building looking confidently to the future, pointing out that the conditions and challenges facing Iraq today necessitate us to proceed with confident and strong measures to overcome the repercussions of the Corona pandemic crisis and the accumulated residuals of mismanagement.
He pointed out that general statistics is a strong and solid document that supports any future electoral process, confirms its fairness and good management, and provides it with a sound and correct database.
The Council decided to direct the Ministry of Planning and the working group to prepare the general census to proceed in preparing all implementation requirements, within a time period to be determined according to technical formulas by the specialists, and in coordination with the ministries of health and finance, and identify the most important obstacles and requirements in order to take the necessary decisions regarding them.
Prime Minister Mustafa Al-Kazemi confirmed today, Monday, that the general population census is a strong and solid support for any future electoral process, confirms its fairness and good management, and provides it with a sound and correct database.
This came during his presidency of a meeting of the Supreme Council of Population in the presence of a number of ministers, heads and officials of the relevant bodies and departments.
The council discussed topics included in the agenda that included reviewing what has been done of the general population and housing census, and its preparatory work, and also discussed the vocabulary of the support provided by the United Nations Population Fund (UNFPA), which included supporting the census process and supporting the population policy program.
Turning to the discussion of the national document on population policies, the work administration of the document currently approved, and the process of updating it.
Al-Kazemi explained the administrative and planning importance of having an integrated population census within a general population and housing census.
He stressed, "The census is the basis for any development building looking confidently to the future, pointing out that the conditions and challenges facing Iraq today necessitate us to proceed with confident and strong measures to overcome the repercussions of the Corona pandemic crisis and the accumulated residuals of mismanagement.
He pointed out that general statistics is a strong and solid document that supports any future electoral process, confirms its fairness and good management, and provides it with a sound and correct database.
The Council decided to direct the Ministry of Planning and the working group to prepare the general census to proceed in preparing all implementation requirements, within a time period to be determined according to technical formulas by the specialists, and in coordination with the ministries of health and finance, and identify the most important obstacles and requirements in order to take the necessary decisions regarding them.
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