The iraqi economic and political center said friday that the prices of foreign currencies, gold and oil in Iraq and the world will be higher than the number of people in the world.
Dollar prices in local markets:
Dollar Sale Price: 124,250
UsD Purchase Price: 123,250
Dollar prices in local markets:
Dollar Sale Price: 124,250
UsD Purchase Price: 123,250
The Markets:
Asian markets closed down NIK by .39% HSI by 1.60% SHANG by .96%
The UK markets are currently trading in the red from .26% to .63%
Our futures are currently in the DOW at 27135 by .55% SNP at 3326 by .53% NDX at 11205 by .50%
Precious Metals:
Gold is red at 2058 Silver is green at 28 Copper is red at 287 Platinum is red at 976
Brent 44 WTi 41
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1165.4000 |  1215.9000 | 1192.4000 | 1192.4000 | 1192.4000 | -0.5000 | 05:15 |
| USD/VND | 23173.0000 | 23180.0000 | 23168.4600 | 23165.9300 | 23165.9300 | 3.1500 | 05:16 |
| USD/CNY | 6.9566 | 6.9586 | 6.9725 | 6.9523 | 6.9523 | 0.0044 | 05:16 |
| USD/KWD |  0.3052 | 0.3062 | 0.3052 | 0.3052 | 0.3052 | -0.0001 | 04:40 |
| GBP/USD | 1.3085 | 1.3089 | 1.3149 | 1.3086 | 1.3141 | -0.0054 | 05:18 |
| USD/IRR | 0.0000 | 0.0000 | 43011.9000 | 43011.9000 | 43011.9000 | -43.1000 | 00:00 |
| USD/IDR | 14690.0000 | 14691.0000 | 14692.0000 | 14560.0000 | 14567.0000 | 124.0000 | 05:15 |
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Iraqi Articles:
Al-Khikani: The content of Al-Kazimi's visit to Washington should be at the parliament table
Political analyst Karim Al-Khaikani said that the content of Prime Minister Mustafa Al-Kazemi's visit should be on the Parliament table, pointing out that the visit carries with it many files, one of which is the American exit from Iraq .
Al-Khikani told Al-Maalouma that "Parliament is still not following the negotiations that took place with Washington regarding the American presence on Iraq ."
He added, "Al-Kazimi's visit to Washington carries with it many important files that the parliament must review to say the word of separation, as the people must say their word regarding the crucial issues."
And that "Washington will take advantage of the silence of Parliament and pass its agendas and may impose its decisions on the government in order to keep its forces and monopolize investment and economic files in its favor."
Al-Khikani told Al-Maalouma that "Parliament is still not following the negotiations that took place with Washington regarding the American presence on Iraq ."
He added, "Al-Kazimi's visit to Washington carries with it many important files that the parliament must review to say the word of separation, as the people must say their word regarding the crucial issues."
And that "Washington will take advantage of the silence of Parliament and pass its agendas and may impose its decisions on the government in order to keep its forces and monopolize investment and economic files in its favor."
Iraq pledges to deepen oil output cuts in August, September
DUBAI (Reuters) - Iraq said on Friday it would cut its oil production by another 400,000 barrels per day in both August and September to compensate for its overproduction in the past three months.
Iraq oil minister Ihsan Abdul Jabbar said in a joint statement with his Saudi counterpart Prince Abdulaziz bin Salman that Iraq’s output cut was in addition to the 850,000 bpd it had committed to cut in August and September under an OPEC+ supply pact.
The total cut to Iraq’s production in August and September will amount to 1.25 million bpd for each month.
“The reduction could be adjusted when the six secondary sources publish their production figures,” the joint statement said, referring to oil industry data providers such as the International Energy Agency.
The two ministers stressed their full commitment to an OPEC+ deal curbing oil production.
Abdul Jabbar confirmed Iraq’s firm commitment to the OPEC+ agreement, adding that Iraq would reach 100% conformity by the beginning of August.
The two ministers discussed in a phone call the latest developments in the oil markets, continued recovery in global demand and progress made towards implementing the OPEC+ agreement.
The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, began a record supply cut in May to bolster oil prices hammered by the coronavirus crisis.
OPEC, Russia and other producers agreed to cuts of 9.7 million bpd, or 10% of global output, from May 1. In July, they delivered 5.743 million bpd of the pledged reduction, equal to 94% compliance, a Reuters survey found.
Iraq agreed to cut output by 1.06 million bpd under the deal.
The Saudi and Iraqi energy ministers said efforts made by OPEC+ member states would enhance the stability of global oil markets, accelerate its balancing and send positive signals to the markets, the statement said.
OPEC oil output rose by more than 1 million bpd in July as Saudi Arabia and other Gulf members ended their voluntary extra curbs on top of the OPEC-led deal, and other members made limited progress on compliance.
Manufacture of a UV sterilizer for the first time in Iraq
The General Company for Electrical and Electronic Industries announced the manufacture of
Ultra Violet sanitizer for the first time in Iraq.
The company’s director, Sufyan al-Jubouri, said: “The device sterilizes a number of materials and tools, including tools, surgical instruments, mobile devices, tablets, masks, devices and personal tools such as glasses, watches, etc.
He added: "The company has provided its capabilities to manufacture supplies and requirements to prevent the Corona epidemic, including fogging rooms for people and a portable air sterilizer, as well as providing medical oxygen for hospitals and citizens on a daily basis."
Ultra Violet sanitizer for the first time in Iraq.
The company’s director, Sufyan al-Jubouri, said: “The device sterilizes a number of materials and tools, including tools, surgical instruments, mobile devices, tablets, masks, devices and personal tools such as glasses, watches, etc.
He added: "The company has provided its capabilities to manufacture supplies and requirements to prevent the Corona epidemic, including fogging rooms for people and a portable air sterilizer, as well as providing medical oxygen for hospitals and citizens on a daily basis."
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 $ . Friday
including $ in cash Friday
ISX Update:
Iraq Stock Exchange suspends operations for 12 days
Iraq Stock Exchange suspends operations for 12 days
The Iraqi Stock Exchange announced on Monday that it was suspending its activities for 12 days on the occasion of eid al-Adha and a curfew.
"In compliance with the announced official holiday timings in Iraq, the market administration has decided not to hold trading sessions for the days of July 29 and for 12 days to coincide with the Eid al-Adha holiday," the market said in a statement to The Twilight News.
including $ in cash Friday
ISX Update:
Iraq Stock Exchange suspends operations for 12 days
Iraq Stock Exchange suspends operations for 12 days
The Iraqi Stock Exchange announced on Monday that it was suspending its activities for 12 days on the occasion of eid al-Adha and a curfew.
"In compliance with the announced official holiday timings in Iraq, the market administration has decided not to hold trading sessions for the days of July 29 and for 12 days to coincide with the Eid al-Adha holiday," the market said in a statement to The Twilight News.
8-7-2020 Newshound Guru Jeff ...The end of September finishes the first half of their [Iraq's] current fiscal year and 10-1 October starts the second half. So IF, I'm not saying they will, I'm saying IF they're going to change the rate at all in the year of 2020 it has to happen at the end of September. Otherwise if it's not going to happen this year we're probably most likely going to be waiting until around the start of their next fiscal year which would be...around the end of March. Those are just opinions. Opinions don't mean anything until these facts come to fruition. We've got to see Baghdad and Kurdistan reach a comprehensive agreement. That is a "must" and a requirement... [Reference Guru Jeff's Post 8-6-2020]
8-6-2020 Intel Guru MarkZ [via PDK] [Any change in rates?] No change in rate rumors lately. Still hearing .45-.50 cents street rate on the Dong with a contract rate at $2+. And for the Dinar still hearing between $3.70 to $3.90 for a street rate and the contract rate at $8+.
8-6-2020 Intel Guru Frank26 ...Trump does not require Kazemi to come to the United States...before the new exchange rate is released. In fact it would be best if Kazemi stay and continues the removal of any Iranian influences in the GOI. The visit to the Unite States of America may no longer be required...the dream meeting will still take place IMO after Donald Trump says Iraq is sovereign...the meeting is coming and it is for the purpose of making the announcement of their new exchange rate to the citizens of Iraq.
8-6-2020 Newshound/Intel Guru Mnt Goat Article: "IRAQ IS THE SIXTH ARAB IN FOREIGN CURRENCY RESERVES" So we were told before this crisis that Iraq had over 70 billion in reserves. We have been told that the reserves would not be used in this crisis to pay the bills since oil dropped so low. So why are the reserves now depleted by close to 20 billion? I think what we are being told in the news is not accurate. The lies always come out later. Were these lies just for American dinar investors? So the CBI is dangerously close to now having the minimum “safe” reserves needed by the IMF. I can tell you this will stop any reinstatement and revaluation.
8-6-2020 Newshound Guru Jeff ...Kurdistan and Baghdad have to resolve their difference and reach a comprehensive agreement. They don't have stability without that. They've got to be able to work together and have achieved stability before the Trump Administration will allow them to go International. That's why the U.S. government came out saying, 'Hey, we the U.S. support a comprehensive agreement between Baghdad and Kurdistan.' The U.S. is telling you they've got to have that before they'll allow them to go International...
8-6-2020 Intel Guru MarkZ [via PDK] ...Silence coming out of banking centers…is it a gag order? Are they trying to control information? The silence is deafening. The only information I am getting is from redemption centers…..my contacts there think that this weekend there is a strong possibility of this all going.
8-6-2020 Newshound Guru Pimpy ...right now the Iraqi dinar is not an acceptable or recognizable international currency...you can't go into your bank and exchange it like you can a lot of other currencies because there's restrictions on it right now...We need Iraq to be a sovereign nation...they're not. That's why you see the government constantly saying they want to try to get their sovereignty recognized again...to be a sovereign nation of course you have to have your own currency. We need them to have their sovereignty restored and then the restriction moved off the currency for it to be accepted. I'd love to see them on the Forex that's for sure. Once that happens you should be able to go into your local bank...
8-6-2020 Newshound/Intel Guru Petra ...They are making all the right moves. They are making the right plays. The World Bank, the IMF and the Fab 4 are completely happy with what they're seeing. I'm hoping the go signal has been given...obviously we don't know. That's pure speculation...all this stuff is just lining up...to me with all of this being done we're down to timing...the world is ready. The world needs it. Iraq certainly needs it. The fact that Kazemi is talking about a sovereign state - We're just right there...
8-6-2020 Newshound Guru Jeff Article: "The Compensation resulting from Iraqs invasion of Kuwait amounted to 177 billion dollars" This article further confers that as of this year they will be satisfying all their financial obligation and war reparations to the country of Kuwait...
8-6-2020 Intel Guru Frank26 ...everything about the reinstatement of the dinar was done by the United States Treasury. It's all well calculated for the reinstatement of the currency of Iraq at 1 to 1...oh my goodness the timing. They're about to introduce the 100...
8-6-2020 Intel Guru Frank26 ...Trump does not require Kazemi to come to the United States...before the new exchange rate is released. In fact it would be best if Kazemi stay and continues the removal of any Iranian influences in the GOI. The visit to the Unite States of America may no longer be required...the dream meeting will still take place IMO after Donald Trump says Iraq is sovereign...the meeting is coming and it is for the purpose of making the announcement of their new exchange rate to the citizens of Iraq.
8-6-2020 Newshound/Intel Guru Mnt Goat Article: "IRAQ IS THE SIXTH ARAB IN FOREIGN CURRENCY RESERVES" So we were told before this crisis that Iraq had over 70 billion in reserves. We have been told that the reserves would not be used in this crisis to pay the bills since oil dropped so low. So why are the reserves now depleted by close to 20 billion? I think what we are being told in the news is not accurate. The lies always come out later. Were these lies just for American dinar investors? So the CBI is dangerously close to now having the minimum “safe” reserves needed by the IMF. I can tell you this will stop any reinstatement and revaluation.
8-6-2020 Newshound Guru Jeff ...Kurdistan and Baghdad have to resolve their difference and reach a comprehensive agreement. They don't have stability without that. They've got to be able to work together and have achieved stability before the Trump Administration will allow them to go International. That's why the U.S. government came out saying, 'Hey, we the U.S. support a comprehensive agreement between Baghdad and Kurdistan.' The U.S. is telling you they've got to have that before they'll allow them to go International...
8-6-2020 Intel Guru MarkZ [via PDK] ...Silence coming out of banking centers…is it a gag order? Are they trying to control information? The silence is deafening. The only information I am getting is from redemption centers…..my contacts there think that this weekend there is a strong possibility of this all going.
8-6-2020 Newshound Guru Pimpy ...right now the Iraqi dinar is not an acceptable or recognizable international currency...you can't go into your bank and exchange it like you can a lot of other currencies because there's restrictions on it right now...We need Iraq to be a sovereign nation...they're not. That's why you see the government constantly saying they want to try to get their sovereignty recognized again...to be a sovereign nation of course you have to have your own currency. We need them to have their sovereignty restored and then the restriction moved off the currency for it to be accepted. I'd love to see them on the Forex that's for sure. Once that happens you should be able to go into your local bank...
8-6-2020 Newshound/Intel Guru Petra ...They are making all the right moves. They are making the right plays. The World Bank, the IMF and the Fab 4 are completely happy with what they're seeing. I'm hoping the go signal has been given...obviously we don't know. That's pure speculation...all this stuff is just lining up...to me with all of this being done we're down to timing...the world is ready. The world needs it. Iraq certainly needs it. The fact that Kazemi is talking about a sovereign state - We're just right there...
8-6-2020 Newshound Guru Jeff Article: "The Compensation resulting from Iraqs invasion of Kuwait amounted to 177 billion dollars" This article further confers that as of this year they will be satisfying all their financial obligation and war reparations to the country of Kuwait...
8-6-2020 Intel Guru Frank26 ...everything about the reinstatement of the dinar was done by the United States Treasury. It's all well calculated for the reinstatement of the currency of Iraq at 1 to 1...oh my goodness the timing. They're about to introduce the 100...
Catnip's Corner:
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ARTICLE 1 (from PM Kadhimi's website; posted only on Arabic side, not on English side)
Prime Minister Mustafa Al-Kazemi receives the delegation of the Iraqi Doctors Syndicate
The Prime Minister, Mr. Mustafa Al-Kazemi, received today, Thursday, the President and a number of members of the Council of the Iraqi Doctors Syndicate, in the presence of the Minister of Health and Environment, Mr. Hassan Al-Tamimi.
During the meeting, they discussed the repercussions of the Corona pandemic, the efforts made to surround the pandemic, and the procedures that limit the spread of the disease, as well as ways to improve the level of medical services provided to citizens.
The medical staffs, who make a great effort in fighting Corona virus, are working to improve their conditions and provide doctors with the necessary protection against repeated attacks on them by some sick families.
The Prime Minister, Mr. Mustafa Al-Kazemi, praised the efforts of the medical staff, who live in exceptional circumstances, and dedicate their lives to saving the lives of others and putting themselves at risk.
His Excellency directed a decent tribute to the victims of the White Army who fell during their response to the pandemic, commensurate with the size of their sacrifices, and stressed his previous directives to the concerned security forces regarding the protection of medical staff and the prosecution of the aggressors.
During the meeting, they discussed the work of private clinics, and adhered to regulations, in a manner appropriate to the current circumstances, and secured the safety and health of its auditors from the risk of transmission of Coronavirus infection.
Media office of the Prime Minister
6-Aug-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
Saleh discusses with the Supreme Judiciary the holding of early elections and the approval of the Federal Court Law
Editing date: 6/8/2020: 25 •
Ayna News _ Baghdad
The President of the Republic, Barham Salih, received today, Thursday, the President of the Supreme Judicial Council, Judge Fayek Zidan.
Saleh and Zaidan discussed, according to a presidential statement, "Ayna News" received a copy of it, that "during the meeting, early elections were discussed, and the importance of concerted efforts by all to ensure the independence and integrity of the electoral process, and contributes to restoring citizen confidence and enabling him to exercise his constitutional right ".
The statement added, "The importance of expediting the approval of the amendment of the Federal Supreme Court Law, supporting the role of the judiciary to combat corruption and establishing justice, and cooperation and coordination in the field of legislating the laws required by the next stage, were also discussed."
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ARTICLE 4
Al-Kazemi and Saleh stress the necessity of holding fair elections and resolving problems with the region
Editing date: 6/8/2020 20:42 •
Ayna News
- Baghdad Today, Thursday in Baghdad, President of the Republic Barham Salih received Prime Minister Mustafa Al-Kazemi.
A presidential statement, a copy of which was received by Ayna News Agency, stated that "during the meeting, the overall political, security, health and economic conditions in the country were discussed, and an emphasis was placed on the necessity of holding early and fair elections in compliance with what is included in the government program."
The Presidents and Ministers stressed the "need to continue chasing the remnants of terrorism, perpetuating the momentum of our security forces' victories, preserving the gains made and establishing security in all cities, and ways to address the Corona Virus pandemic and support medical, health and support agencies to ensure the health and safety of citizens were discussed, as well as a review The solutions and measures taken to get out of the economic crisis by reducing government spending, increasing state resources, and establishing the foundations for reform in the country.
The statement added, "It was also stressed the importance of strengthening relations between the federal government and the Kurdistan Regional Government and the need to solve financial problems in a manner that guarantees citizens' constitutional rights."
The meeting also discussed "international and regional developments, and the central role of Iraq in establishing security, peace and stability in the region."
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ARTICLE 5
Parliamentary Legal: There is no political agreement to pass the election extension and Al-Kazemi violated the constitution
Editing date: 6/8/2020 16:54 •
[Baghdad-Where]
The Parliamentary Legal Committee revealed, on Thursday, that there is no political agreement to pass the annex related to the election law, while it indicated that Prime Minister Mustafa Al-Kazemi violated the constitution by setting the date of the elections.
A member of the committee, Salim Hamza, said in a statement, "The political dispute over the constituencies of the electoral law relating to multiple districts has not been resolved so far, and there is no seriousness in agreeing on a specific mechanism," noting that "the election law carries many points that are not agreed upon and will usually be considered."
He added, "The House of Representatives will not discuss the election law until next September, as it is on a legislative vacation," noting that "Al-Kazemi violated the constitution by setting the date for the elections without referring to the President of the Republic."
The deputy of the Saeroun Alliance, Riyad Muhammad, confirmed, on Wednesday, that 90% of the political blocs are unwilling to hold early elections, while setting the date for the elections by Prime Minister Mustafa Al-Kazemi is an attempt to convince the street only.
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