Thursday, June 4, 2020

WOTS WED JUNE 3 2020


The dollar exchange rates have stabilized on the Kifah Stock Exchange and local markets.
The prices of the Kifah Stock Exchange - Baghdad recorded 1244.000 dinars per 100 dollars.
Buying and selling prices in the banking center:
the selling price of the dollar = 125,000 dinars.
The purchase price of the dollar = 123,000 dinars./  

The Markets:

The Asian markets closed up   NIK up by 1.29%   HSI up by 1.37 %  SHANG up by .07%
The UK markets are currently trading  in the green 1.39% up tp 2.22% 
Our futures are currently trading  DOW at 25890 up  by .74% %   SNP  up by .51%  NDX  up  by.40 % 


Precious Metals:

Gold is red  at 1718  Silver is red at 18.20 Copper is green at 249 Platinum is red  at 839 
Brent  39.99  WTI 37.23

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1186.0000  1194.0000 1191.7000 1191.2000 1191.7000  -1.0000 00:07
 USD/VND  23264.0000  23267.0000 23244.9900 23244.9900 23244.9900  1.4700 01:30
 USD/CNY  7.1045  7.1065 7.1124 7.0951 7.0997  0.0042 05:01
 USD/KWD  0.3075  0.3085 0.3078 0.3076 0.3078  -0.0002 04:50
 GBP/USD  1.2588  1.2589 1.2610 1.2545 1.2548  0.0039 05:01
 USD/IRR  42000.0000  42210.0000 42097.5000 42097.5000 42097.5000  97.5000 06:03
 USD/IDR  14172.0000  14172.0000 14368.0000 14122.0000 14332.0000  -170.0000 05:01

Things in the News:
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Iraqi Articles:
The one o'clock bell rings and the fate of the parliament session is "unknown." Will "Corona" stand in front of it?
It is still unclear until now, the fate of the parliament session, which is supposed to be held at one o'clock in the afternoon, in preparation for the return of the holding of sessions and activating the legislative role of the country going through crises that need to legislate and amend the laws necessary for the work of Mustafa Al-Kazemi’s government.
Yesterday, the Presidency of the House of Representatives announced the agreement to resume the regular sessions and hold the first sessions on Wednesday to be on the agenda of the session a draft of the domestic and foreign borrowing law and discuss the report of the Parliamentary Crisis Committee and others, regarding the Corona pandemic, and discuss the report of the Finance Committee and its proposals on the financial crisis, and follow up the implementation Grant for poor families.
By 1:00 p.m., no announcement has yet been made about the number of representatives present, nor the commencement of the session or its fate. 
Corona Hail
Confirmations about the presence of coronavirus infections among members of Parliament have begun to escalate significantly, which raises questions about the fate of today's session and the possibility of reconvening in the coming days.
And the deputy of the State of Law coalition, Hisham Al-Suhail, began to talk about this file suddenly, indicating that a number of members of the House of Representatives and members of their families and their protection are infected with the Corona virus and that they are all currently subject to quarantine in their homes.
For his part, the deputy from the Al-Hikma Movement, Asaad Al-Murshidi, came out with a shocking statement when he affirmed that "the majority of members of Parliament are infected with Corona."
Al-Murshidi said in a press statement monitored by "Yassin Iraq" that "the reports that a number of members of the House of Representatives suffered from the Corona pandemic with their families and their protection is correct."
He considered that "holding the meeting randomly without following the health conditions would be a danger for parliamentarians and employees in Parliament," considering that "the parliament session tomorrow is an adventure because there is nothing important and it is worthy to hold the session under the current circumstances."
And that "if the government sent the budget law for the year 2020 or completed the ministerial cabinet, it would be worth the attendance, and the deputies could bear the consequences, but tomorrow's session will be normal and not worth the risk."
He affirmed that "the injured MPs are afraid to disclose their affliction of corona for fear of political downfall and unethical comments via social media."
Economist: Oil prices will rise to $ 70 a barrel
Economist Raad Tuwaij suggested that oil prices rise to 70 dollars per barrel. 
Twig said in a statement that was followed by "Eye of Iraq News": "According to the data obtained from the oil market, the price of oil will rise up to about $ 70 / especially after the easing of restrictive measures on the economies of the countries that resulted from the Krone pandemic," noting: "There is a desire The major countries in economic operations to compensate for their losses in the last period and employ the largest number of unemployed, which amounted to about a sixth of the world's population, the highest rate in history. "
"The world will witness the largest maximum investment cases and record growth rates that may reach 10% of the global economy. This is in line with the decline in shale oil production in the United States of America and Canada in addition to the US-China trade agreement and measures to reduce oil by OPEC +.

After loosening the restrictions of Corona, Brent oil exceeds $ 40

After loosening the restrictions of Corona, Brent oil exceeds $ 40
The price of Brent crude contracts for next August delivery, Wednesday (June 02, 2020), increased by about 1.8 percent "to trade at $ 40.3 per barrel.
The price of West Texas Intermediate (WTI) (July) crude for July delivery increased by 0.93% to trade at $ 37.74 a barrel.
This comes after a long wave of consecutive oil hikes, driven by improved demand with the start of the gradual opening of economies around the world and the easing of restrictions against "Corona", in addition to the shrinking supply with the announcement of voluntary cuts from Saudi Arabia by one million barrels per day.
Oil prices have risen the past three weeks, thanks to the start of the OPEC + coalition to implement the agreement, which provides for a historic reduction of 9.7 million barrels per day, immediately after the sharp decline in oil prices, and did not wait for the start of the application that was scheduled for the first of May .
Support for the rise is another factor in the demand side, which is the return of many countries to the opening of their economies gradually, which means optimism to move the demand for oil.

The Sadr Alliance confirms: Al-Kazemi is obligated to remove American forces from Iraq
The deputy of the Allied Movement, Mudar Khazaal, confirmed that the parliament’s decision to remove the American forces from Iraq is obligatory to implement by Prime Minister Mustafa Al-Kazemi, as this task has been thrown upon him and must be carried forward.
Khazal said, "The House of Representatives decided to order the removal of American forces from Iraq, in addition to foreign forces in all their names."
He added that "the parliament’s decision is obligatory to implement by the government, and therefore Al-Kazemi should resolve the matter and take appropriate measures to schedule the removal of foreign forces according to legal frameworks."
And that "the current June meeting with the American side will be decisive regarding the future of the American presence in Iraq, as if Parliament said its word and there is nothing but implementation of the decision by Al-Kazemi."

NO CBI 
NO ISX 
6-3-2020   Intel Guru Frank26  ...we told you there would be a trickling of information down to the citizens.  They're talking to the citizens on television about the exchange rate.  Adding value to their currency...information is flowing very rapidly right now ladies and gentlemen.  I mean it's just as obvious as can be...
6-2-2020   Guest Guru Petra  ...Fantastic news.  Its coming together in a culmination of education. The fact that they're under curfew and then what do they [Iraqi citizens] do?  They sit and watch TV.  What else are they gonna do?  And they hear a presentation like that informing them on what's coming [Reference Guru Delta's Post 6-2-2020].  It's all part of the process.  It's all part of the fact that they're kind of forcing education on them.  I still think they need some time to ask questions and to go in and do their exchanging if they wanted with the new smaller category notes when those come out.  I think all this information is great...

6-2-2020   Intel Guru Delta  ...everybody knows I watch...the Iraqi channel.  I speak the language.  That's old news for you...there was this information coming up from Iraq channels and the Central Bank of Iraq they're coming out with new rates and the new rate is going to be...managed, not float.  Then last night one of the financial committee of the parliament...he had an hour and half interview with one of the major Iraqi channels...it is just amazing...he mentions...that they're going to change the exchange rate.  I know some of you might ask, 'Did they say that on live TV?'  Of course they said that.  There's no secret anymore that they need to change that...this is unbelievable!...I'm not exaggerating.  No.

6-2-2020   Newshound Guru MilitiaMan  Article:  "Political movement to choose a foreign minister before the strategic dialogue with Washington"   Quote:  "Prime Minister Mustafa Al-Kazemi wants to complete the vacant ministries as soon as possible, indicating that the delay is due to deep differences between the political blocs"   There you go... The pressure is on and and big time. The 10th is not far off. imo They need time for the minister to see the files that they will discuss at the SFA meeting... More good stuff for us... imo...

6-2-2020   Newshound/Intel Guru Mnt Goat   I am still hearing from the CBI that they fully intend to complete the project to delete the zeros and do it much sooner than later. But I have no official article or announcements yet from the CBI in this regard. I was told we should see some announcement soon of the progress and what they intend to do next. We still wait for this from the CBI. It is supposed to come out this week.

6-2-2020   Intel Guru MarkZ   [via PDK]   What I am hearing is Reno banking contacts swear that things are indeed moving…and that we will see the fruition by tomorrow night midnight their time.   I am still not seeing enough disclosure in my book…but I hope they are correct. Government sources are saying Wednesday is the “go” . I hope they are correct and the banking side is right.  My Iraqi sources...i have 3 on the ground…have great chatter…they are looking for something between now and Saturday morning. ...I know I was looking for June 1st…it did not come to fruition…I do not think we are far out…

6-2-2020    Newshound Guru Pimpy  ...There's a lot of things happening in Iraq that I can't help to think to myself I'm not sure how they're gonna do these things or how any of these are gonna be possible without having a currency that's not recognized internationally.  I just don't know how some of these agreements that they're getting into are going to be able to be fulfilled without having their currency rate changed or at least recognized internationally.  There is some type of conference that's coming up in July where they open up to the rest of the world to come on in and think about investing into Iraq.  There is going to be a plethora of nations invited and I have a feeling you're gonna see a lot of them come.   Having said that it's gonna be really hard for this to be accomplished if they don't have a currency that's recognizable internationally...

6-2-2020   Newshound Guru MilitiaMan    Article:  "The government is preparing to issue a new reform package mid this week"  Wednesday there is to be meetings on the Laws needed for many things that include Laws for Monetary Reforms. I suspect that since they have been talking about the 2019 FMLA and the secondary markets it will be a day to watch close. ...the reforms need the international rate to be applied to the currency to facilitate the ability for the IQD and the ISX to interlink internationally...

6-2-2020   Newshound Guru Kaperoni   As for the dinar's value, it is not at a program rate.  That is guru's taking a directive from the IMF and misrepresenting that meaning.  The dinar exchange rate is it's real rate... The currency is already an internationally-recognized currency they just haven't accepted IMF Article VIII making international banks more willing to want to engage in commerce with it.
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 Council of Ministers holds its regular session, headed by Prime Minister Mustafa Al-Kazemi

The Council of Ministers held its fourth regular session today, Tuesday, 2 June 2020, headed by the Prime Minister, Mr. Mustafa Al-Kazemi.

At the beginning of the session, Al-Kazemi gave a detailed presentation on his visit to Kirkuk governorate, and his direct supervision of the conduct of military operations (Heroes of Iraq - Nasr Sovereignty), which was launched at dawn on Tuesday, to pursue the remnants of ISIS in areas where terrorist outposts are implemented through which activities targeting security Those areas and their stability.

Al-Kazemi stressed that the initial results of the military operations bode well, and that the government is determined to achieve security and stability throughout the country.

The Prime Minister, Mr. Mustafa Al-Kazemi, talked about the government's efforts and interest in confronting the Corona pandemic, which is one of the major challenges, noting that the government puts this pandemic and its repercussions at the top of its attention, and stressed the importance of adhering to the preventive measures approved by the Supreme Committee for Health and National Safety.

The Minister of Health gave a detailed explanation of the health situation in light of the pandemic, the number of injuries and deaths, the efforts of health institutions in providing medical services to patients, and the measures taken by the Ministry to surround the epidemic and limit the increase in injuries.

The Minister of Finance provides a comprehensive report on the financial situation, debt, Iraq’s oil exports, available revenues, the challenges facing the country financially, and solutions and measures to be taken by the government on spending.

The council discussed the topics on its agenda, and took the following decisions: -

First / Adoption of the mid-year degree as a final score for passing the general exams for the sixth grade of primary school for the current academic year (2019-2020), and allowing students who failed to perform the second round exams in all the subjects in which they failed,
And the Ministry of Education to prepare instructions for setting general and school examinations, determine their dates, foundations for setting them, and their scales and results for each academic stage, in implementation of the provisions of Article (19) of the Ministry of Education Law No. (22) for the year 2011.

Second / Approving the amendment of Paragraph (2) of Cabinet Resolution No. (52) for the year 2018 regarding the draft agreement to avoid double taxation and prevent evading the payment of taxes on income and capital between the government of the Republic of Iraq and the government of the Czech Republic, based on the provisions Article (80 / VI) of the constitution, and empowering the Minister of Finance to negotiate and sign the draft agreement.

Third / Approval of the amendment of the Cabinet Resolution No. 260 of 2018 regarding the payment of late fines to be attributed as follows:
Delaying the amounts of the late fines incurred in favor of the General Company for Ports on the returns and fees related to storing the Olympic Stadium Stadium roofs in Umm Qasr Port, regarding the shipment of the Iron Temple, according to the provisions of Article (46 / Fifth and Ninth) of the Federal Financial Administration Law, No. (6) for the year 2019, in coordination with the ministries of youth and sports and transportation, and the opening of an investigative council on the subject by the relevant authorities to hold the underpaid employees accountable.

Fourth / Providing ministries (defense, interior, health, and water resources) and their formations with gasoline for the future until the end of the current year after the aforementioned ministries and their formations send a monthly official schedule of their needs to the aforementioned article to the Ministry of Oil, and the financial amounts are recorded under the aforementioned ministries and their formations And acted later when approving financial allocations in the Federal Budget Law.

The Council of Ministers decided to hold a special session to discuss the current financial crisis and the measures required to be taken.

Media office of the Prime Minister
2- June-2020

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ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side; 18 pix

The Commander in Chief of the Armed Forces, Mustafa Al-Kazemi, oversees the launching of the Iraq Heroes Operations - Nasr Al-Siyadah, and inspects the participating military units

The Commander-in-Chief of the Armed Forces, Mr. Mustafa Al-Kazemi, supervised the conduct of the military operations, which started on Tuesday morning, to pursue the remnants of the terrorist ISIS remnants in the southwestern areas of Kirkuk and the boundaries between the provinces of Salahuddin and Kirkuk. .

The Commander-in-Chief of the Armed Forces held a visit to the advance headquarters of the joint operations in Kirkuk early Tuesday, and upon his arrival at the headquarters, he held a meeting with the military and security leaders to review the progress of the military operations there.

Al-Kazimi inspected the military units of the operations (the heroes of Iraq - the victory of sovereignty), and saluted the heroes of the armed forces with all their classes, as they pursued ISIS gangs and drained the sources of terrorism, in light of the difficult circumstances and the many challenges that the country is going through.

The Commander in Chief of the Armed Forces inspected the leadership of the Ninth Armored Division and was briefed on the progress of the operations (Iraq Heroes - Victory of Sovereignty) within the division of the division. He also visited the North Operations Sector for the popular crowd participating in the ongoing military operations there.

Al-Kazimi confirmed that the security forces will continue to pursue the remnants of the ISIS terrorist organization, arrest those wanted and eliminate terrorist hotspots to enhance security and stability throughout the country.

The Prime Minister visited Mr. Mustafa Al-Kazemi, one of the families who live in the village of Al-Saidi in the district of Daquq in the governorate of Kirkuk to check on their conditions, and called on the security forces to protect citizens and their public and private property.

Media office of the Prime Minister
2- June-2020

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ARTICLE 2 (from Government of Iraq twitter account)

Iraqi government to rationalise public spending, introduce economic reforms

 02 Jun 2020 - 2:36 pm

The Iraqi government says Iraq faces an immediate challenge caused by the decline in oil prices and the impact this has had on the economy and fiscal liquidity.

Officials say that the impact of the fall in oil prices is compounded by other weaknesses caused by decades old policies of a command economy, and by the approach to the economy by successive Iraqi governments over the past seventeen years.

These policies, they add,  have led, amongst other things, to an exponential increase in the size of the public sector, low levels of private investment, mismanagement and administrative corruption.

According to official figures, salaries and staff allowances in the public sector constitute approximately 60% of public spending, and this does not include other expenditure on daily activities of ministries, while spending on investment projects represents 2% of the budget.

The figures show that the number of people employed in the public sector in 2005 was around 850,000, but the number of state employees has risen to more than 3 millions now, and this figure does not include contract employees or those on daily rates, costing Iraq US$36 billions annually, a ten-fold increase from US$3.6 billions annually a few years ago.

The new Iraqi Cabinet announced the establishment of the Emergency Cell for Financial Reform to lead the response to the crisis, under the chairmanship of the Prime Minister, and with the membership of the Ministers of Finance, Foreign Affairs, Planning, the Governor of the Central Bank, the Secretary General of the Council of Ministers, and other officials as nominated by the Prime Minister.

The Cell’s mandate is to ensure financial liquidity, agree measures to rationalise public spending, diversify resources, and propose finance mechanisms for reconstruction and investment projects from outside government funding streams.

As well as rationalising public spending, the new Iraqi government says it will embark on an economic reform programme in Iraq that includes:

Supporting the expansion of the private sector and encouraging investment
Introducing automation and simplifying procedures in the public sector
Adopting a single budget account to monitor spending by ministries to reduce waste and corruption
Expanding the electronic payment system for salaries, and pressing ahead with the e-government project
Rebalancing Iraq’s economic relations with all neighbouring countries

Earlier this month, the Minister of  Finance, Ali Allawi, said that cutting spending was essential, and that this will include reductions to the the benefits and allowances of state employees, including those of senior officials, but he stressed that the basic salaries of employees will not be reduced, and that any cuts will not include employees or pensioners who earn 500,000 dinars or less a month.

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ARTICLE 3

Parliament announces its agenda for tomorrow's session
6/2/2020 17:21
[Baghdad-where]

Today, Tuesday, the Presidency of the Parliament announced the parliament’s agenda for tomorrow's session.
A statement by the House of Representatives stated that the session will discuss "the draft domestic and foreign borrowing law to finance the fiscal deficit of the year 202, as well as discuss the report of the Parliamentary Crisis Committee regarding the Corona pandemic."

She added that the session will discuss "the report of the Finance Committee and its proposals on the financial crisis and follow-up implementation of the grant for poor families."

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ARTICLE 4

A new emergence of an alliance that includes “the stream of wisdom and a coalition of victory, a mass of competencies and a mass of will”
6/2/2020 20:45
[Baghdad-where]

Jassim al-Bakhati, the deputy of the al-Hikma movement, revealed on Tuesday a new emission of an alliance that kicks off today after a meeting at the home of the president of the al-Hikma movement, Ammar al-Hakim.

Al-Bukhati said in a press statement, "A group of deputies from various political blocs found that it is necessary for a representative political coalition to emerge, through which laws can be passed within the parliament."

He added: "The new alliance that will be formed today after the meeting of the political blocs in the house of the leader of the wisdom stream, Ammar al-Hakim, will include the stream of wisdom and a victory coalition, and a mass of competencies and a mass of will.

He continued, "These blocs found fragmentation and disagreement that weakened the legislature, and it must be strengthened through a new parliamentary alliance."

And Al-Bukhati said, "The new alliance will hold its meeting today, in the presence of the heads of the blocs, to choose a spokesman for it, after announcing his official birth in a press conference today as well."

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ARTICLE 5

An unexpected study .. Spicy food gives healthy resistance
25/5/2020 20:59
[Baghdad-where]

A new report stated that eating foods rich in spices: coriander, cumin, thyme and parsley, resist some of the harmful effects of high-fat meals. Adding a teaspoon of the spice mixture to the recipe can have anti-inflammatory benefits, which reduces the risk of cancer, diabetes or heart disease.

In experiments, American researchers found that people who ate a meal rich in fat and carbohydrates, with only 6 grams of spices, had fewer signs of inflammation in their blood.
And the study indicates that even highfat meals, such as burgers, fried chicken and curry, which depend on the use of oil, have a less harmful effect on the body if provided with spices.

"If the spices are palatable to you, it may be a way to make the meal rich in fats or carbohydrates healthier. Ultimately, the gold standard will be to get people to eat healthier, lose weight, and exercise," said Assistant Professor Connie Rogers of Pennsylvania State University in the United States. Sports, but these behavior changes are difficult and timeconsuming. Therefore, we wanted to explore whether the spice mixture that people already know has a positive effect. "

In the study, University of Pennsylvania researchers recruited 12 men, all of whom were non-smokers, between the ages of 40 and 65, who were overweight or obese.

Men also had at least one risk factor for cardiovascular disease, such as high blood pressure, an inactive lifestyle, high cholesterol, or family history.
To conduct experiments, the researchers used a special mixture of basil, bay leaves, black pepper, cinnamon, coriander, cumin, ginger, oregano, parsley, red pepper, rosemary, thyme and turmeric.

In random order, each participant ate 3 shapes of a diet rich in saturated fat and carbohydrates in 3 separate days - one without a mixture of added spices, one with two grams (five teaspoons) of the spice mix and one with 6 grams (a little more than a teaspoon) of the spice mix .

The research team took blood samples before and after each meal every hour, for 4 hours, to measure the presence of inflammatory signs - biological properties that can appear as a result of harmful stimuli.

Inflammatory signs - such as C-reactive proteins and myeloperoxidase - can be helpful in diagnosing specific diseases or in monitoring disease activity.
The research team also implanted white blood cells, taken from blood samples, in the laboratory, so they produced cytokines - proteins that are produced by the cells of the immune system.

The analysis showed a decrease in inflammation after a meal containing 6 grams of spice, compared to food containing only two grams or without spices at all.

In addition, the level of white stimulating white blood cells was reduced by a massive 1314% after 240 minutes of eating a meal containing 6 grams of spice mixture, indicating a decrease in the immune response.

It was unclear which of the 13 herbs and spices contributed to the effects, or how the exact mixture lowered the levels of inflammatory signs.

The research team will work on future studies to determine the effects of spices on the diet over longer periods of time with a larger population, as the study included only middle-aged men

In previous studies, scientists found that inflammation could rise after a person consumes a meal rich in fat or sugar.
The results of the study were published in the Journal of Nutrition.

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