Foreign currency markets in Iraq recorded, today, Friday, stability at the exchange rate of the US dollar against the Iraqi dinar.
The selling and buying prices of the dollar in banking companies and offices were as follows:
The selling price of one dollar is 1230 dinars, or 123 thousand dinars per hundred dollars.
The purchase price of the dollar is 1220 dinars, or 122 thousand dinars per hundred dollars.
The Markets:
The Asian markets closed up NIK by .72%% HSI by .99% SHANG by 2.01%
The UK markets are currently trading mixed mostly down from .06% to .78% one is up by .02%
Our markets are closed today
Precious Metals:
Gold red at 1775 Silver is red at 18.25 Copper os red at 272 Platinum is green at 815
Brent is 42 WTi 40
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1171.2000 |  1224.6000 | 1192.8000 | 1190.7000 | 1192.8000 | -1.2000 | 15:52 |
| USD/VND | 23199.0000 | 23203.0000 | 23190.0900 | 23184.8500 | 23184.8500 | 6.2500 | 00:13 |
| USD/CNY | 7.0667 | 7.0687 | 7.0684 | 7.0598 | 7.0654 | 0.0006 | 04:42 |
| USD/KWD | 0.3073 | 0.3083 | 0.3077 | 0.3076 | 0.3077 | -0.0001 | 02:18 |
| GBP/USD |  1.2446 | 1.2447 | 1.2486 | 1.2438 | 1.2466 | -0.0021 | 04:42 |
| USD/IRR | 42000.0000 | 42210.0000 | 42000.0000 | 42000.0000 | 42000.0000 | 0.0000 | 16:00 |
| USD/IDR | 14514.0000 | 14514.0000 | 14552.0000 | 14295.0000 | 14419.0000 | 97.0000 | 04:40 |
Things in the News:
FOUND HER! EPSTEIN 'MADAM' ARRESTED
JUNE JOBS SMASH EXPECTATIONS...
But still at Depression-era levels...
Boat Business Booming...
The Appeal of Driving Older Cars...
JUNE JOBS SMASH EXPECTATIONS...
But still at Depression-era levels...
Boat Business Booming...
The Appeal of Driving Older Cars...
Light on Tech, No Nanny System...Violence, arson, abuse. Real-world consequences of 5G fears...
USA installing AI-based border monitoring system...
USA installing AI-based border monitoring system...
Iraqi Articles:
Paying employees salaries
A number of employees settled in their salaries, on Friday, that the salary of the month of June was paid after a delay of several days via their smart cards, while a source indicated that the salaries would be paid to the ministry after another.
Employees said in an interview with Alsumaria News, "The Rafidain Bank launched the salaries of the month of late June, days ago," noting that "a message and their link shows payment of their salaries via their smart cards."
A source, who declined to be identified, pointed out that "government banks began to" release the salaries of employees, "noting that" the release of salaries will be made to the ministry after another. "
He explained, "Ministry of Defense (Headquarters and directorates) And also a number of companies of the ministries of Industry and Oil have been paid their salaries so far. "
the central bank explains the reasons for reducing loan interest for projects
Today, Friday, the central bank explained the reasons for reducing loan interest for economic projects.
The Director General of Accounting at the Central Bank, Ihsan Shamran, said in a statement received (Iraqi Media News Agency / conscious) that “the monetary policy of the Central Bank differs from the financial policy, and its decisions are usually short-term”, indicating that “the decision to reduce interest on project loans came Taking into account the citizen in light of the Corona pandemic crisis. ”
Shamran added that “the central bank had previously postponed the loan repayment period for a period of three months from April to the first of this July.” ”
The Central Bank of Iraq, had announced earlier, to reduce the interest rate on small and medium loans to four percent to accelerate the pace of recovery of the Iraqi economy after being affected by the Corona pandemic
Parliamentary Integrity: We have information about all Iraqi money smuggled abroad, in
numbers and names!
The Parliamentary Integrity Committee confirmed that it possesses complete information regarding the smuggled funds, pointing out that lists have been prepared to recover these funds from outside Iraq.
"The committee has a complete list of the smuggled funds, in which the names of the people and the funds are located outside Iraq," the committee's rapporteur, Abdul Amir al-Mayahi said, adding that "Iraq has a lot of money abroad, part of which is frozen and the other is in dishonest hands."
Al-Mayahi indicated that “the Corona pandemic prevented movement on those funds,” noting that “the Integrity Committee summoned the head of the money recovery department outside of Iraq to find out what before and after 2003 of the funds, and after the end of the pandemic, the file will be fully followed up.”
"The committee has a complete list of the smuggled funds, in which the names of the people and the funds are located outside Iraq," the committee's rapporteur, Abdul Amir al-Mayahi said, adding that "Iraq has a lot of money abroad, part of which is frozen and the other is in dishonest hands."
Al-Mayahi indicated that “the Corona pandemic prevented movement on those funds,” noting that “the Integrity Committee summoned the head of the money recovery department outside of Iraq to find out what before and after 2003 of the funds, and after the end of the pandemic, the file will be fully followed up.”
The price of OPEC oil basket exceeds $ 40 for the first time in 4 months
The price of the Organization of the Petroleum Exporting Countries' basket of oil rose above $ 40 a barrel for the first time in four months, due to higher official selling prices, according to data from the organization.
The basket price reached $ 42.66 a barrel on July 1, about 12 percent more than the previous day, which is also the highest level since March 3, according to the figures.
The increase, which came despite more modest gains for the same period in Brent futures, is due to the rise in official selling prices for many producers in the organization such as Saudi Arabia, Kuwait, the United Arab Emirates and Iraq, which came into effect at the beginning of the month, according to two sources in OPEC.
Oil records a new jump of two percent
Oil futures rose more than 2 percent on Thursday, supported by a decline in US unemployment and a drop in crude stocks, but the renewed increase in Corona virus cases in the United States fueled fears that weakness would solve economic activity in the coming weeks.
New cases of Covid-19 disease in the United States increased by nearly 50,000 on Wednesday, the largest increase for a day since the start of the pandemic.
Many states advise people to limit transportation and to close companies and restaurants again, which could hinder job growth.
Brent crude settlement price was set at 43.14 dollars a barrel, up 1.11 dollars, or 2.6 percent. And US West Texas Intermediate crude contracts closed at $ 40.65 a barrel, up 83 cents, or 2.1 percent.
"At this time, economic data appears to be causing Covid-19 injuries and growth appears to be taking place despite this increase in cases," said Phil Flynn, chief analyst at Price Futures Group in Chicago.
US nonfarm payrolls increased by 4.8 million in June, exceeding expectations, despite growing job losses. Dealers said the data may limit Washington’s desire to provide more federal support for the economy.
"The job report is good, but the other side of the coin is that it is good enough to hold back the stimulus program," said Bob Youger, director of energy contracts at Mizuho.
US energy companies have reduced the number of operating oil and natural gas platforms to a record low for the ninth consecutive week, according to data from Baker Hughes.
The US Energy Information Administration said that US crude stocks fell 7.2 million barrels from a record high last week, which exceeded expectations.
But gasoline stocks have risen, and the surge in HIV infections in the densely populated states of the US sun belt, one of the nation's largest gasoline consumers, may affect fuel demand ahead of the July 4 holiday period, a period in which travel and trips are frequent.
CBI, ISX,Dinar Guru:
CBI Update: Just a note:
They have been having auctions and the ISX has been trading regularly the sites just don't update in time to put the information in this report, unless it is
here.
CBI Update: Just a note:
They have been having auctions and the ISX has been trading regularly the sites just don't update in time to put the information in this report, unless it is
here.
here.
The currency auction total sales amount $ 0. FRIDAY
including
ISX Update: At my last checking
Shares Traded: not updated for today
Value Traded: not updated for today
closed
7-3-2020 Intel Guru Footforward [What are you sensing about the dong?] ...No one has info on the dong right now. ...Vietnam has basically gone dark...They don't want people to know what is happening. But it's so obvious to me. ...there's been nothing on the dong. It's been absolute radio silence for close to a month now...but I can feel that it's going as it's supposed to go and that it just very suddenly is going to happen with no warning...
7-3-2020 Intel Guru RayRen98 From across the pond...All talk today is the plan to cover the salaries for next 3 months at reduced rates so Iraq can pay salaries. Then after 3 months, the new plans and reforms will assist. This indicates no rate change for 3 months going into the new fiscal year just like they talked about this morning and now is on Iraqi TV. (REMEMBER: Watch what they DO... not what they say)
7-2-2020 Intel Guru MarkZ [So are we still waiting another 10 days...?] No we are not…In Kuwait we know that they waited that long to announce it…Indonesia has also done it in the past. Those were historic examples. Many RV’s have happened throughout history…Germany, Japan and there are more who made tremendous changes in their currency value. I am not looking for 10 days. In the past you could keep the press quiet but in today’s world with the internet I do not think they can keep it quiet...so we are expecting a shotgun start.
7-2-2020 Intel Guru Delta ...There's two big events...one of them is July 15th which we believe is the last day for Allaq the governor of the CBI should be removed and replaced...Unless the Prime Minister...extends his duties. The other one, we all know, that July 24th the Prime Minister is invited to visit the White House...logic says if this is the case, you will come to the U.S. you have to come up after the fact so they can congratulate you...we do believe that according to around that time period we should see something in our opinion...
7-2-2020 Intel Guru Bruce ...This is a tax free exchange – you should not be taxed on any part of this exchange – where you will be taxed is on the “income” – called “passive income” which is earned from the “interest” that is paid on your account – you will create an income stream from your mother lode account that in my case will spill over into a spillover account... [NOTE: Other gurus suggest any money made on dinars will be taxed in the United States as "ordinary income" - several other tax possibilities have floated around the community too. In the tax realm the only opinion that matters is the IRS. So speak with your tax professional and/or IRS at the appropriate time about this and other tax possibilities.]
7-2-2020 Newshound Guru Adam Montana The new PM Kazzamie is operating efficiently and effectively. We are going to hear some distractions and criticisms, but he is doing a great job in my opinion.
7-2-2020 Newshound Guru Pimpy [Quick dinar history overview for newbies] ...they dropped the value of the dinar very very low. Right now for one dollar you can buy 1190 Iraqi dinar if you can find them. What people are doing is they're storing up on them waiting for the currency to be reinstated to its rate of $3.22. There's people out there that's been waiting 12, 15, 16 years...some people are frustrated so now they have no faith in them and you'll hear them talk crap from time to time and say this is a scam. That's fine everybody has their opinion...the whole purpose of the Iraqi dinar news...is me explaining to you why I think it's real and in what it is we're looking for that tells us...its rate is about to be reinstated... we've been patiently waiting for the rate to be reinstated and we have reason to believe that's gonna happen very very soon... [NOTE: If you're new you can also start with the START HERE tab above]
7-2-2020 Newshound Guru MilitiaMan ...They have to raise the exchange rate of the dinar, not the dollar and this is where we are at...they've been telling us and telling us and telling us and we're just waiting and waiting and waiting but the fact remains is now they're at the precipice. They don't have money to pay the salaries. They said they were going to do it. ...the pressure is so hard on them to get this done it's probably unbelievable...that's why I've been focused to some degree on these next couple of days to see what they do. Typically they're gonna have to have an excuse when they don't pay these people...they need to raise the value of the exchange rate.
7-2-2020 Newshound Guru Jeff Article: "The Central Bank Announces Financial Assistance with 3-month salary insurance and talks about the date for the June wage payment" ...this level of news right now is walking you into September ...the rate change is married to a budget so if you follow the movement of the money you can piece this together...we need to see when that budget goes into effect because the budget and the rate change are married together... they're showing you they're tentatively walking you into September. I'm not giving you a date I'm just giving you an approximate generic information that they're bringing fourth - trying to help you decode this and put the puzzle pieces together...
7-2-2020 Intel Guru MarkZ [via PDK] I am still being told by bank contacts, that as frustrating as it is…they are still told that over the next 5 days now, to be prepared and on call to come in at any moment.
7-2-2020 Newshound Guru Kaperoni A lot of what has been occurring in the last few weeks has been addressed several times in the past by the World Bank and the IMF. So this is all good news that they are finally taking the steps necessary.
7-2-2020 Newshound Guru Pimpy ...I have a feeling this is going to be a really big month for us. There's a lot of things that are popping up that seem to be pointing to this month being a big month. What that means exactly? I'm not sure. There's a lot of speculation...Al-Kazemi is supposed to come here to meet with Pompeo and the president. I told you one of the biggest announcements that we're hoping to hear, and they do it out in the rose garden, is that Trump is encouraging the international community to restore the sovereignty of Iraq for them to be recognized and embraced buy the International community. And he announce the lifting of the restrictions on the currency and that allows it to start trading on the Forex. That's what we're watching for. That's what we're hoping for.
7-2-2020 Intel Guru Delta ...the exchange rate is one of the pillars or economic reform. You can not bring investors in, you cannot have liquidity, you can't have any trust in your country if you don't raise the value first. And all of us know that...everybody knows that the exchange rate is going to change no matter what and the Prime Minister did agree to that...
7-2-2020 Newshound Guru Breitling ...Take for example the United States and Mexico. How much is their peso worth. Look at Canada...If Iraq is international they could have a huge high price. But if they're going to be local for right now, regional, then they can't go that high...Let's say their markets are going to be regional and they do add value to their currency it helps them get to international markets. Well if they're in international markets and it becomes more and more dependent on international markets you're going to see the value of the currency keep going up...If it's regional...they're never going to get past a buck... [Post 2 of 2]
7-2-2020 Newshound Guru Breitling ...they're worried about regionally having a currency that's valued too high. The pressure cooker they're in is that they need to add value to their currency otherwise they're going to go broke. If they add too much value to their currency they are going to go broke. That's just the reality. But what people don't understand is that other countries are in the same position...Iraq basically told everybody they want to get the value of their currency to $3.25. [Wait a minute, you just said if their currency is too high in that region they are going to get their asses handed to them.] That's true. But if their currency was a global currency, then it wouldn't matter would it... [Post 1 of 2....stay tuned]
including
ISX Update: At my last checking
Shares Traded: not updated for today
Value Traded: not updated for today
closed
7-3-2020 Intel Guru Footforward [What are you sensing about the dong?] ...No one has info on the dong right now. ...Vietnam has basically gone dark...They don't want people to know what is happening. But it's so obvious to me. ...there's been nothing on the dong. It's been absolute radio silence for close to a month now...but I can feel that it's going as it's supposed to go and that it just very suddenly is going to happen with no warning...
7-3-2020 Intel Guru RayRen98 From across the pond...All talk today is the plan to cover the salaries for next 3 months at reduced rates so Iraq can pay salaries. Then after 3 months, the new plans and reforms will assist. This indicates no rate change for 3 months going into the new fiscal year just like they talked about this morning and now is on Iraqi TV. (REMEMBER: Watch what they DO... not what they say)
7-3-2020 Intel Guru RayRen98 From across the pond...All talk today is the plan to cover the salaries for next 3 months at reduced rates so Iraq can pay salaries. Then after 3 months, the new plans and reforms will assist. This indicates no rate change for 3 months going into the new fiscal year just like they talked about this morning and now is on Iraqi TV. (REMEMBER: Watch what they DO... not what they say)
7-2-2020 Intel Guru MarkZ [So are we still waiting another 10 days...?] No we are not…In Kuwait we know that they waited that long to announce it…Indonesia has also done it in the past. Those were historic examples. Many RV’s have happened throughout history…Germany, Japan and there are more who made tremendous changes in their currency value. I am not looking for 10 days. In the past you could keep the press quiet but in today’s world with the internet I do not think they can keep it quiet...so we are expecting a shotgun start.
7-2-2020 Intel Guru Delta ...There's two big events...one of them is July 15th which we believe is the last day for Allaq the governor of the CBI should be removed and replaced...Unless the Prime Minister...extends his duties. The other one, we all know, that July 24th the Prime Minister is invited to visit the White House...logic says if this is the case, you will come to the U.S. you have to come up after the fact so they can congratulate you...we do believe that according to around that time period we should see something in our opinion...
7-2-2020 Intel Guru Bruce ...This is a tax free exchange – you should not be taxed on any part of this exchange – where you will be taxed is on the “income” – called “passive income” which is earned from the “interest” that is paid on your account – you will create an income stream from your mother lode account that in my case will spill over into a spillover account... [NOTE: Other gurus suggest any money made on dinars will be taxed in the United States as "ordinary income" - several other tax possibilities have floated around the community too. In the tax realm the only opinion that matters is the IRS. So speak with your tax professional and/or IRS at the appropriate time about this and other tax possibilities.]
7-2-2020 Newshound Guru Adam Montana The new PM Kazzamie is operating efficiently and effectively. We are going to hear some distractions and criticisms, but he is doing a great job in my opinion.
7-2-2020 Newshound Guru Pimpy [Quick dinar history overview for newbies] ...they dropped the value of the dinar very very low. Right now for one dollar you can buy 1190 Iraqi dinar if you can find them. What people are doing is they're storing up on them waiting for the currency to be reinstated to its rate of $3.22. There's people out there that's been waiting 12, 15, 16 years...some people are frustrated so now they have no faith in them and you'll hear them talk crap from time to time and say this is a scam. That's fine everybody has their opinion...the whole purpose of the Iraqi dinar news...is me explaining to you why I think it's real and in what it is we're looking for that tells us...its rate is about to be reinstated... we've been patiently waiting for the rate to be reinstated and we have reason to believe that's gonna happen very very soon... [NOTE: If you're new you can also start with the START HERE tab above]
7-2-2020 Newshound Guru MilitiaMan ...They have to raise the exchange rate of the dinar, not the dollar and this is where we are at...they've been telling us and telling us and telling us and we're just waiting and waiting and waiting but the fact remains is now they're at the precipice. They don't have money to pay the salaries. They said they were going to do it. ...the pressure is so hard on them to get this done it's probably unbelievable...that's why I've been focused to some degree on these next couple of days to see what they do. Typically they're gonna have to have an excuse when they don't pay these people...they need to raise the value of the exchange rate.
7-2-2020 Newshound Guru Jeff Article: "The Central Bank Announces Financial Assistance with 3-month salary insurance and talks about the date for the June wage payment" ...this level of news right now is walking you into September ...the rate change is married to a budget so if you follow the movement of the money you can piece this together...we need to see when that budget goes into effect because the budget and the rate change are married together... they're showing you they're tentatively walking you into September. I'm not giving you a date I'm just giving you an approximate generic information that they're bringing fourth - trying to help you decode this and put the puzzle pieces together...
7-2-2020 Intel Guru MarkZ [via PDK] I am still being told by bank contacts, that as frustrating as it is…they are still told that over the next 5 days now, to be prepared and on call to come in at any moment.
7-2-2020 Newshound Guru Kaperoni A lot of what has been occurring in the last few weeks has been addressed several times in the past by the World Bank and the IMF. So this is all good news that they are finally taking the steps necessary.
7-2-2020 Newshound Guru Pimpy ...I have a feeling this is going to be a really big month for us. There's a lot of things that are popping up that seem to be pointing to this month being a big month. What that means exactly? I'm not sure. There's a lot of speculation...Al-Kazemi is supposed to come here to meet with Pompeo and the president. I told you one of the biggest announcements that we're hoping to hear, and they do it out in the rose garden, is that Trump is encouraging the international community to restore the sovereignty of Iraq for them to be recognized and embraced buy the International community. And he announce the lifting of the restrictions on the currency and that allows it to start trading on the Forex. That's what we're watching for. That's what we're hoping for.
7-2-2020 Intel Guru Delta ...the exchange rate is one of the pillars or economic reform. You can not bring investors in, you cannot have liquidity, you can't have any trust in your country if you don't raise the value first. And all of us know that...everybody knows that the exchange rate is going to change no matter what and the Prime Minister did agree to that...
7-2-2020 Newshound Guru Breitling ...Take for example the United States and Mexico. How much is their peso worth. Look at Canada...If Iraq is international they could have a huge high price. But if they're going to be local for right now, regional, then they can't go that high...Let's say their markets are going to be regional and they do add value to their currency it helps them get to international markets. Well if they're in international markets and it becomes more and more dependent on international markets you're going to see the value of the currency keep going up...If it's regional...they're never going to get past a buck... [Post 2 of 2]
7-2-2020 Newshound Guru Breitling ...they're worried about regionally having a currency that's valued too high. The pressure cooker they're in is that they need to add value to their currency otherwise they're going to go broke. If they add too much value to their currency they are going to go broke. That's just the reality. But what people don't understand is that other countries are in the same position...Iraq basically told everybody they want to get the value of their currency to $3.25. [Wait a minute, you just said if their currency is too high in that region they are going to get their asses handed to them.] That's true. But if their currency was a global currency, then it wouldn't matter would it... [Post 1 of 2....stay tuned]
7-2-2020 Intel Guru Delta ...There's two big events...one of them is July 15th which we believe is the last day for Allaq the governor of the CBI should be removed and replaced...Unless the Prime Minister...extends his duties. The other one, we all know, that July 24th the Prime Minister is invited to visit the White House...logic says if this is the case, you will come to the U.S. you have to come up after the fact so they can congratulate you...we do believe that according to around that time period we should see something in our opinion...
7-2-2020 Intel Guru Bruce ...This is a tax free exchange – you should not be taxed on any part of this exchange – where you will be taxed is on the “income” – called “passive income” which is earned from the “interest” that is paid on your account – you will create an income stream from your mother lode account that in my case will spill over into a spillover account... [NOTE: Other gurus suggest any money made on dinars will be taxed in the United States as "ordinary income" - several other tax possibilities have floated around the community too. In the tax realm the only opinion that matters is the IRS. So speak with your tax professional and/or IRS at the appropriate time about this and other tax possibilities.]
7-2-2020 Newshound Guru Adam Montana The new PM Kazzamie is operating efficiently and effectively. We are going to hear some distractions and criticisms, but he is doing a great job in my opinion.
7-2-2020 Newshound Guru Pimpy [Quick dinar history overview for newbies] ...they dropped the value of the dinar very very low. Right now for one dollar you can buy 1190 Iraqi dinar if you can find them. What people are doing is they're storing up on them waiting for the currency to be reinstated to its rate of $3.22. There's people out there that's been waiting 12, 15, 16 years...some people are frustrated so now they have no faith in them and you'll hear them talk crap from time to time and say this is a scam. That's fine everybody has their opinion...the whole purpose of the Iraqi dinar news...is me explaining to you why I think it's real and in what it is we're looking for that tells us...its rate is about to be reinstated... we've been patiently waiting for the rate to be reinstated and we have reason to believe that's gonna happen very very soon... [NOTE: If you're new you can also start with the START HERE tab above]
7-2-2020 Newshound Guru MilitiaMan ...They have to raise the exchange rate of the dinar, not the dollar and this is where we are at...they've been telling us and telling us and telling us and we're just waiting and waiting and waiting but the fact remains is now they're at the precipice. They don't have money to pay the salaries. They said they were going to do it. ...the pressure is so hard on them to get this done it's probably unbelievable...that's why I've been focused to some degree on these next couple of days to see what they do. Typically they're gonna have to have an excuse when they don't pay these people...they need to raise the value of the exchange rate.
7-2-2020 Newshound Guru Jeff Article: "The Central Bank Announces Financial Assistance with 3-month salary insurance and talks about the date for the June wage payment" ...this level of news right now is walking you into September ...the rate change is married to a budget so if you follow the movement of the money you can piece this together...we need to see when that budget goes into effect because the budget and the rate change are married together... they're showing you they're tentatively walking you into September. I'm not giving you a date I'm just giving you an approximate generic information that they're bringing fourth - trying to help you decode this and put the puzzle pieces together...
7-2-2020 Intel Guru MarkZ [via PDK] I am still being told by bank contacts, that as frustrating as it is…they are still told that over the next 5 days now, to be prepared and on call to come in at any moment.
7-2-2020 Newshound Guru Kaperoni A lot of what has been occurring in the last few weeks has been addressed several times in the past by the World Bank and the IMF. So this is all good news that they are finally taking the steps necessary.
7-2-2020 Newshound Guru Pimpy ...I have a feeling this is going to be a really big month for us. There's a lot of things that are popping up that seem to be pointing to this month being a big month. What that means exactly? I'm not sure. There's a lot of speculation...Al-Kazemi is supposed to come here to meet with Pompeo and the president. I told you one of the biggest announcements that we're hoping to hear, and they do it out in the rose garden, is that Trump is encouraging the international community to restore the sovereignty of Iraq for them to be recognized and embraced buy the International community. And he announce the lifting of the restrictions on the currency and that allows it to start trading on the Forex. That's what we're watching for. That's what we're hoping for.
7-2-2020 Intel Guru Delta ...the exchange rate is one of the pillars or economic reform. You can not bring investors in, you cannot have liquidity, you can't have any trust in your country if you don't raise the value first. And all of us know that...everybody knows that the exchange rate is going to change no matter what and the Prime Minister did agree to that...
7-2-2020 Newshound Guru Breitling ...Take for example the United States and Mexico. How much is their peso worth. Look at Canada...If Iraq is international they could have a huge high price. But if they're going to be local for right now, regional, then they can't go that high...Let's say their markets are going to be regional and they do add value to their currency it helps them get to international markets. Well if they're in international markets and it becomes more and more dependent on international markets you're going to see the value of the currency keep going up...If it's regional...they're never going to get past a buck... [Post 2 of 2]
7-2-2020 Newshound Guru Breitling ...they're worried about regionally having a currency that's valued too high. The pressure cooker they're in is that they need to add value to their currency otherwise they're going to go broke. If they add too much value to their currency they are going to go broke. That's just the reality. But what people don't understand is that other countries are in the same position...Iraq basically told everybody they want to get the value of their currency to $3.25. [Wait a minute, you just said if their currency is too high in that region they are going to get their asses handed to them.] That's true. But if their currency was a global currency, then it wouldn't matter would it... [Post 1 of 2....stay tuned]
Catnip's Corner:
*************
ARTICLE 1 (from PM Kadhimi's website; posted only on Arabic side, not on English side)
Prime Minister Mustafa al-Kazemi meets a number of Iraqi businessmen
The Prime Minister, Mr. Mustafa Al-Kazemi, received today, Thursday, a delegation representing a number of Iraqi businessmen.
During the meeting, Mr. Al-Kazemi listened to the comments of businessmen about their business and investments in Iraq, the problems and challenges facing them, the obstacles that hinder the activation of the private sector inside the country, and the ways to overcome them.
His Excellency stressed that the current government is a government of consensus, solidarity and national understanding to overcome the crisis and cross Iraq to safety, and not a government to settle accounts, so that it affects the provision of services to the citizen and achieve what he aspires to, but the target is corrupt, indicating that Iraq is going through many challenges today that come at the forefront Corona pandemic and its repercussions on the economy, calling on all parties, unions, as well as the private sector, and social activities to unite and cooperate to face these challenges.
The Prime Minister pointed out the importance of the private sector in Iraq, and the need to strengthen and encourage it to take its leadership role in a way that enables it to revitalize the Iraqi economy, indicating that the government is today strongly going to support the private sector, and finding the appropriate climates to activate it and its contribution to building the country.
Mr. Al-Kazemi clarified that the government seeks to make Iraq an attractive environment for investment and investors and not a repulsive environment, noting that there are blackmail operations to which the private sector is exposed, and that the government has deterrent measures to account and prosecute those who blackmail and bargain, stressing that the doors of the Prime Minister’s Office are open to businessmen To submit their complaints about any extortion they might be subjected to, stressing that any corruption case is dealt with in all seriousness and prosecuting the owners legally.
Mr. Al-Kazemi stressed that the government is working to liberate the Iraqi economy from its mortgage with oil, and to pay attention to the sectors of industry, agriculture, tourism, services, investment, transportation, etc., stressing the government's seriousness in fighting corruption in all joints of the state, especially border crossings.
The Prime Minister stressed the need for the private sector to pay taxes in order to boost state revenues, as well as withdraw any leave or investment opportunity that has not been activated.
Media office of the Prime Minister
2-July-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
Parliament confirms the difficulty of holding parliamentary sessions electronically
Liberation: 2020/7/2 15:41 • 67 times
Baghdad-In
The representative of the State of Law Coalition, Kaata Al-Rikabi, stressed the difficulty of holding sessions of the House of Representatives electronically.
Al-Rikabi said in a press statement, Thursday, that "the speaker of the council postponed the sessions of parliament after the injury of a number of deputies," stressing the difficulty of holding the parliamentary session in the absence of the creation of an electronic hall, in addition to the deputies of the provinces and the absence of a new mechanism.
He pointed out that there is no intention at this time to hold a session, pointing out that "parliament will hold a session in the event of a new matter of necessity concerning the lives of citizens, as happened with the passage of the law on internal and external borrowing."
The parliamentary crisis cell revealed an agreement with the presidency of parliament to develop an electronic method of communication between deputies, while the injuries recorded among members of the House of Representatives that they do not prevent from attending and holding sessions.
"The infection of some deputies with the Corona virus is not the reason why the sessions of the House of Representatives are not held as much as the commitment to prevent gatherings and the desire to convey the message that the gatherings are the main cause of the rise in infections," said cell member Abbas Aliwi in an earlier statement, noting that "the presidency of the Council has not yet set a date for the next session."
"There is an agreement between the presidency of the Council to develop an electronic method of communication between the deputies in order to complete some of the work of the Council, although there are important things that require us to gather and come to vote will be obliged to attend the council sessions," Aliwi said.
With regard to the high number of injuries recorded in the health departments, "the reason is first because of the many swabs, as well as there is a clear lack of commitment to the curfew by the citizen, and this real problem in increasing the number of injuries in addition to that there are a large number of injured people did not tell the health authorities about his injury and therefore affects his family and neighbors," calling for "intensified health and security efforts and awareness to urge citizens to abide by the prohibition sups and prevention methods, especially in the popular areas." That's a big rise in casualties."
The House of Representatives adjourned its session last Wednesday after it voted on a domestic and foreign borrowing bill to finance the fiscal deficit for 2020.
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ARTICLE 4
Parliamentary Integrity announces the preparation of lists to recover smuggled money outside Iraq
Editing Date: 7/2/2020 21:2
Ayna News - Baghdad
Parliamentary Integrity Commission announced, on Thursday, the preparation of lists to recover money smuggled out of Iraq.
"The committee has a complete list of the smuggled money, in it it contains the names of people and money that are outside of Iraq," the committee’s rapporteur, Abdul Amir al-Mayyahi, told the official news agency.
He added that "Iraq has a lot of money abroad, some of it frozen and the other in dishonest hands."
He pointed out that "the Corona pandemic prevented the movement of those funds," pointing out that "the Integrity Committee summoned the head of the money recovery department outside Iraq to find out before and after 2003 of the funds, and after the end of the pandemic, the file will be followed up completely."
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ARTICLE 5
Al-Fateh: We did not give up on Al-Kazemi, but the course process brought us in conflict with him
Editing Date: 7/2/2020 20:18
Ayna News - Baghdad
, the deputy of the Al-Fateh Alliance, Amer Al-Fayez, confirmed on Thursday that the Al-Fateh bloc had not abandoned Prime Minister Mustafa Al-Kazemi, but that the session process had been introduced in disagreement with him.
Fayez said, " The Kazmi was required to host the Health Committee Parliamentary, on pandemic Corona, but he did not attend, prompting the opening to adopt a request for questioning about the pandemic,"
noting that " the mass of conquest has not abandoned Kazmi, but entered into conflict after the incident of the arrest Hezbollah members, as the coalition is made up of the crowd factions, and certainly the incident produced a contradiction to the bloc with Al-Kazemi.
He added, "The reasons for hosting were prepared by the Parliamentary Health Committee, and they were used politicall
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