Monday, August 10, 2020

WOTS MON AUG 10 2020

WOTS MON AUG 10 2020
Today, the foreign currency markets in Iraq recorded a slight increase in the exchange rate of the US dollar against the Iraqi dinar.
The prices of selling and buying dollars in exchange companies and offices were as follows:
The selling price of one dollar was 1242.5 dinars, or 124 thousand and 250 dinars per hundred dollars.
The purchase price of the dollar is 1232.5 dinars, or 123 thousand and 250 dinars per hundred dollars.

This chart is from this article  if you care to read the entire article  Market Review: "Banks Lead Market Recovery

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The Markets
The Asian markets closed mixed NIK down by .39% HSI down by .63% SHNAG up by .75% 
The UK markets are currently trading green from .06% to .49%  
Our futures are trading mixed  DOW at 27437  up by .38%  SNP at 3349 u by .15%  NDX at 11117 down by .05%

Precious Metals:
Gold is red 2029 Silver is green at 28,35  Copper is green at 285  Platinum is green at 974
Brent 44 Wti 41


Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  0.0000  0.0000 1193.0000 1190.6000 1192.4000  -2.3000 00:00
 USD/VND  23170.0000  23185.0000 23166.2700 23159.4000 23159.4000  7.9200 04:52
 USD/CNY  6.9684  6.9704 6.9709 6.9629 6.9669  0.0016 05:07
 USD/KWD  0.3054  0.3064 0.3054 0.3053 0.3053  0.0000 05:06
 GBP/USD  1.3055  1.3057 1.3085 1.3041 1.3051  0.0006 05:09
 USD/IRR  0.0000  0.0000 43011.9000 43011.9000 43011.9000  -43.1000 00:00
 USD/IDR  14744.0000  14747.0000 14759.0000 14467.0000 14651.0000  34.0000 05:08

Things in the News:

Buffett Shows Faith in Berkshire Portfolio With Record Buybacks

   

Iraqi Articles:

Member of the Parliamentary Finance: The government has secured the salaries for the next three months and it has to undertake reforms

Member of the Parliamentary Finance Committee, Jamal Cougar, confirmed that the government had secured the salaries for the next three months.

Cougar said in a statement : "When we enacted the borrowing law in Parliament, that should be sufficient to meet the need for the salaries of state employees," stressing the need for "the government to be able to pay salaries after the recovery of oil prices for more than $ 45." The borrowing law has been passed and liquidity should be available. "

He added that "without economic reforms, there is no country that can turn the helm of its economy," noting "the necessity for the government to" strengthen its resolve to reform the corrupt situation.

He continued, "The government promised us that it will present a program for reform, and the deadline for it is on August 24 to present its program," noting that it "has secured salaries for the next three months, then we will have reached 2021, and therefore the budget will be able to provide the sums."

Qi Card Offers Consumer-designed Personalization With Ekhtiyari Card 

Individuality Shines With Personalized Mastercards®
BAGHDAD, Aug. 10, 2020 /PRNewswire/ -- Qi Card, the leading electronic payment solution and national debit/credit card of Iraq, is giving consumers the ability to personalize the appearance of their prepaid Mastercard with Ekhtiyari Card. Ekhtiyari Card offers the same safety and security features of Qi Card, including 3D Secure.
"Ekhtiyari boasts the same safety, convenience and state-of-the-art crime fighting technology as Qi Card," said Bahaa Al-Hadi, chairman and founder of International Smart Card, the company that owns and operates Qi Card. "Iraqis can continue to safely receive and spend money while enjoying this new form of self-expression."
Ekhtiyari functions exactly like the original Mastercard Qi Card:
  • Consumers holding the new Ekhtiyari card may refill cards from any of the 17,000 point-of-sale kiosks available throughout the country, or at their nearest bank branch.
  • Money transfers may be executed with Qi Card's in-app money transfer service.
  • Ekhtiyari card holders enjoy the same frictionless, secure purchasing power from thousands of vendors both online and in-store.
Customizing the new Ekhtiyari Card is easy and safe. Upon accessing their secure portal, consumers will be prompted to upload a preferred photo to their portal or select a stock photo from the Ekhtiyari photo gallery. Consumers will then follow the same process established for securing a Mastercard Qi Card. The new Ekhtiyari card costs 25,000 Iraqi dinars, which is due upon delivery.
"Built on the successful Qi Card program platform, the Ekhtiyari Card is designed for consumers to personalize their shopping and banking experience even further," continued Bahaa Al-Hadi. "Like Qi Card, Ekhtiyari Card brings high standards of ethical financial practices into the Iraqi financial system and makes banking for Iraqi Citizens' easier, safer and more secure."
About Qi Card
Qi Card is the leading electronic payment services solution in Iraq, which employs biometric identity as the cardholder verification method. Qi Card is operated and managed by International Smart Card "ISC." With its State Bank partners, Al-Rafidain and Al-Rashed, it has completed domiciliation of more than 7M citizens with its multi-biometric payment scheme. In just over 18 months, ISC was able to disburse 5T IQD in loans to over 800,000 Iraqi citizens. To date, ISC has an ecosystem of 17,000 POS and more than 6,000 merchants using the Qi scheme to provide instant merchant funded installment and other commercial activities. ISC issues and acquires payment cards on behalf of fourteen affiliated banks in Iraq. Through its membership in Mastercard, ISC has now issued more than 1.8M Mastercards and is now the largest Mastercard provider in Iraq.
SOURCE Qi Card

Iraq pays Kuwait 210 million dollars in compensation for the invasion
Kuwaiti newspaper Al-Nahar revealed that Iraq had paid $ 210 million to the Kuwaiti Compensation Fund at the end of last month.
The journalist said in a news briefed by "Al-Eqtisad News", that "Iraq paid on July 28 to the Kuwaiti compensation fund 210 million dollars, leaving about 2.6 billion dollars of the total compensation owed by Iraq."

Oil rises 1% due to an optimistic view of the demand from Aramco and the reduction of Iraq's supply
Oil prices rose on Monday, buoyed by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts, but uncertainty over an agreement to support the US economic recovery limited the gains.
By 0641 GMT, Brent crude futures were up 34 cents, equivalent to 0.8 percent, to $ 44.74 a barrel, while U.S. West Texas Intermediate crude futures advanced 47 cents, or 1.1 percent, to $ 41.69.
Both were lower on Friday, weighed by demand concerns, but Brent closed the week up 2.5%, while West Texas climbed 2.4%.
“The weekend comments from Aramco are now the driver,” said Michael McCarthy, market strategist at CMC Markets.
On Sunday, Amin Al-Nasser, CEO of Saudi Aramco, said that he had noticed a revival of demand in Asia with the gradual reopening of economies following anti-Coronavirus closures.
“Painting a blossoming picture of the demand outlook in the Asian region,” McCarthy said.
On the supply side, Iraq said on Friday that it would cut its oil production by another 400,000 barrels per day in August and September to compensate for production above the target in the last three months, which would help it adhere to its share of the cuts of the Organization of the Petroleum Exporting Countries 

Trump to meet Iraqi PM as ties rebound


10.08.2020

President Donald Trump will meet Iraqi Prime Minister Mustafa al-Kadhimi in Washington later this month, the White House said on Friday, highlighting a turn-around in relations since the U.S.-friendly premier came to power.
Tensions skyrocketed following a U.S. strike on Baghdad in January that killed Iranian general Qassem Soleimani and Iraqi commander Abu Mahdi al-Muhandis and prompted Iraqi lawmakers to demand the expulsion of the roughly 5,200 US troops in the country.
The hostility has calmed substantially since Kadhimi - an ex-spy chief with close ties to the U.S. and its allies in the region - took the reins as Iraq's premier in May.
The White House said the August 20 visit comes at a "critical time" in the fight against the Islamic State group and the myriad problems posed by the coronavirus pandemic.
"As close partners, the United States and Iraq will look to expand our relations," the White House added.
A Washington invite was the type of diplomatic olive branch never received by Kadhimi's predecessor Adel Abdel Mahdi, who was forced to resign by months of protests

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.   
 
Click on the link above for the latest update.

The CBI for rate is 1190.

The currency auction total sales amount $ .   Friday

  including   $  in cash Friday

ISX Update:   
"Technical reasons" hinder the opening of the Iraqi Stock Exchange
Attributed the Iraqi Stock Exchange, Monday, the lack of opening of the market for Sunday to "technical reasons""
The market said in a statement to Twilight News that these reasons were concentrated in the restarting of the electronic system, which led to the failure to open the market on Sunday, which was scheduled after the ban.
"The market will open its first session for the month of August from Tuesday, August 11, 2020," he said.
On July 27, the Iraqi Stock Exchange announced a 12-day suspension on the occasion of Eid al-Adha and a curfew, which will be the first trading session as of Sunday, August 9, 2019."
The Iraqi Stock Exchange has used electronic trading and central deposit systems since 2009 and is seeking to launch an online trading system for investors, organizing five weekly trading sessions from Sunday to Thursday, including 105 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels.

Shares Traded: not updated for today
Value Traded: not updated for today 

8-10-2020   Intel Guru Footforward   [Does the dong and the dinar have to go at the same time? Could they go months apart or even years apart?]  they don't "have to" go together. It's better if they do. Easier if they do. They would likely be weeks or months apart if they don't go together.  Not years. In my opinion.  ...It's been the plan for a long time for them to go together.
8-9-2020   Intel Guru RayRen98   The Economic File will be the largest file PM Al-Kadhimi discusses with Pres. Trump in Washington on August 20. The Iraqi news is saying they are hoping great successes from the meeting in Washington.  Thousands of protestors have blocked all entrances to the green zone and demanding their rights. They are now saying that Al-Kadhimi needs to do the economic reforms now!

8-9-2020   Newshound Guru Kaperoni   ...There is no random act. Monetary policy is earned and that means Iraq needs to pass laws open their economy and prosper for their currency to appreciate.   ...I'll say it again, if Iraq has any intent to make the dinar equal to the dollar as some kind of overnight event as the guru's say,  it will be a neutral event/LOP.   That is the only way they could do such a thing with 42+ trillion in circulation.  Not what we want to see happen.

8-9-2020   Newshound Guru Vic    [Do you still like the Dinar as an investment?]  Yes!...The IQD is very precious, do not GET RID OF YOURS!... I've been saying for awhile that Brexit and Basel lll must be met prior to this going down! Now since then the CV19 issue! Set back Brexit, you all heard what the PREZ., said about Income Tax!  UK & USA both need MONEY$$$! The Gold price just shot past 2 Grand! 3 grand is coming! That means USD has dropped in value! So, with that said what do you think both countries need? A shot of Whiskey or a GOOD Shot of IQD!!!  When? I think it's a matter of some/ a few issues that need be cleared up.

8-9-2020   Newshound Guru Pimpy   Article:   "Parliament reveals: The draft budget for 2021 will be ready this month"     This ought to be very very interesting...there are many people who believe in this budget is the rate change...this is good.  Let's get it out of the way. Seriously, let's get in there early.  Let's get it voted on.  Let's get it reviewed so there's no more excused and there's no delays.  That would really be a huge step if Iraq could this time around get their budget in ahead of time to be discussed and voted on...everything is looking good...

Catnip's Corner:

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

Prime Minister Mustafa Al-Kazemi receives Patriarch Mar Louis Raphael Sako, Patriarch of the Chaldean Catholics 

The Prime Minister, Mr. Mustafa Al-Kazemi, received today, Sunday, Patriarch Mar Louis Raphael I Sako, the Chaldean Catholic Patriarch, and a number of bishops.
 
Patriarch Sako referred to the success of the Prime Minister, Mr. Mustafa Al-Kazemi, in his clear handling of the important files, expressing his hope for the continuation of this approach that meets the aspirations of the people and enables him to address many of the challenges facing the country, indicating that the Church supports Al-Kazemi's steps towards achieving security and stability. For the whole of Iraq.
 
 Patriarch Sako confirmed that Christians are proud of their Iraqi identity, and they have become more reassured, in light of the serious handling of the government of Mr. Al-Kazemi with the Christian file, indicating that there are a large number of them wanting to return to Iraq.
 
 
The Prime Minister, Mr. Mustafa Al-Kazemi, welcomed Patriarch Mar Louis Sako and his accompanying delegation, and stressed that Iraq is the country of everyone, and that Christians are the original children of the country, and there is no difference between the people of the same country, as everyone is a partner in building the future of Iraq.
 
 His Excellency stated that his door is open to all Iraqis, and we are serious about providing assistance to our Christian families and solving their problems, and we are glad that Christians will return to Iraq and contribute to its reconstruction.

Media Office of the Prime Minister
9-Aug-2020

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

The text of the speech of the Prime Minister, Mr. Mustafa Al-Kazemi, at the special international conference to provide support to Beirut and the Lebanese people, which was held via a television circuit, and in which a number of heads of states in the world and the Arab world participated 

In the name of of Allah the Merciful

Honorable President of the Republic of France
Respected Secretary General of the United Nations
Gentlemen, Excellencies, and Respected Excellencies
Dear girlfriends and friends from different parts of the world

We meet in this difficult humanitarian moment to stand united with the people of Lebanon.
Lebanon is a unique case in the Middle East, and a model for tolerance, pluralism, and acceptance of the other. Today we stand with Lebanon in its ordeal, which is the ordeal of all of us, and we offer condolences to the families of the victims, and we wish healing for the injured.

Iraq, despite its difficult circumstances, was the first to stand by the brotherly Lebanese people, whether in terms of providing emergency medical support or energy support, and we are continuing to prepare to fill the immediate deficiencies in the field of grain and other requirements.

Our deep understanding of the requirements of the post-disaster phase makes us face an immediate responsibility to stand with our Lebanese brothers to confront and overcome these challenges, and we realize that this will not be without the provision of a joint international will and responsibility.
We hope that this conference will start a project that helps the Lebanese to re-evaluate their political experience, coupled with an initiative to support the Lebanese economy and rebuild the damage that has befallen the Lebanese people, and not stop until Lebanon returns to its normal, stable condition as a source of culture, inspiration and leadership in the Middle East.

The Beirut tragedy is a deep and common lesson about the seriousness of the internal, regional and international political conflict in the region.

From Baghdad, which has shed blood and tears, and has paid high and great prices for the administrative and legal confusion, and damage to the fateful trust between the people and state institutions, and today we are trying to hold together and stand on our feet again, I call on everyone to support the Lebanese people with serious positions that mitigate the tragic effects of Beirut and the people of Lebanon.

Thank you very much.

Media Office of the Prime Minister
9-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

The Central Bank of Iraq establishes a banking relationship with Euroclear Bank
 9/8/2020 14:21 • 18 times read
[Baghdad-Where]
The Central Bank of Iraq announced today, Sunday, the establishment of a banking relationship with Euroclear Bank to simulate global practices in the field of reserves.
In a statement, the bank said, "The procedures for establishing a banking relationship with the Euroclear Bank have been completed, indicating that the latter is one of the internationally known institutions in the field of securities preservation and investment, and it manages bonds for central banks estimated at 15 trillion US dollars."

The bank added that "this achievement will contribute to strengthening the international relations of the Central Bank of Iraq and simulating global practices in the field of reserves management."
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ARTICLE 4

Deputy in Law: Al-Kazemi's visit is a continuation of the second round of the strategic dialogue with Washington

9/8/2020 13:25 • 
[Baghdad-Where]
Representative for State of Law, Kata Al-Rikabi, said on Sunday that Prime Minister Mustafa Al-Kazemi's visit to America continues the second round of the strategic dialogue with Washington.
Al-Rikabi said, "The visit is a continuation of the discussions that took place between the Iraqi delegation and the American delegation more than a month ago, and there was an agreement to resume a second round of dialogue in Washington."
He added, "The visit comes in the light of discussions that took place in June with the American delegation and the starting point was (the Strategic Framework Agreement)," indicating that "several changes have occurred since the signing of the agreement in 2008, most notably the Parliament's decision to expel foreign forces, including the US, from Iraq, which is the main and important axis. Which will be discussed between the Iraqi and American delegations. "
Al-Rikabi pointed out that "the conflict between states on the land of Iraq is responsible for Iraq, which must not allow others to override its sovereignty and security, stressing that fortifying the internal situation will restrain all those who violate Iraqi sovereignty."
 
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ARTICLE 5

Iraq seeks to retrieve 9648 antique cats from America

9/8/2020 14:24 • 
[Baghdad-Where]
Minister of Culture, Tourism and Antiquities Hassan Nazim revealed, on Sunday, that his ministry is seeking to retrieve 9,648 ancient cats from America.
The ministry stated in a statement, "The Minister of Culture, Tourism and Antiquities, Hassan Nazim, discussed with the head of the Antiquities and Heritage Authority, Mohsen Sadkhan's agency, the general directors, the director of the recovery department, the legal representative in the recovery, and the legal director of the authority, the mechanisms for returning Iraqi antiquities smuggled in the possession of the Hobby Lobby Company," And the Bible Museum in Washington, USA, numbering 3817 archaeological pieces dating back to different eras of Mesopotamia civilization.
The Minister of Culture said, We have to work quickly "To return the smuggled antiquities according to mechanisms that guarantee their safe arrival to Iraq, according to a memorandum of understanding between the two parties that guarantees Iraq's rights to return its cultural property.
He pointed out that "the Hubei Lobby Company sent a memorandum explaining the mechanisms of retrieving Iraqi antiquities in its possession, including a number of points related to allowing the company to display and print pictures of archaeological pieces, conduct research and studies about the pieces, take electronic copies of them, and things related to transportation and storage, Packaging and cooperation with Iraq in returning its smuggled antiquities inside America, participating with Iraq in archaeological research and discoveries, paying the costs of attorney’s wages, fees for returning antiquities, cultural property rights, and examining antiquities.
The Minister of Culture confirmed, "The Hubei Lobby Company seeks to negotiate and consult with the Antiquities and Heritage Authority regarding the development, support and financing of the project to assist Iraq in the amount of 15 million US dollars as assistance, which is involved in the field of technical work, and the strengthening and strengthening of human resources and training programs, deposited in the account of the Commercial Bank In Washington, it is managed by a third party to finance projects related to the antiquities sector and heritage in Iraq, according to a memorandum of understanding signed between the two parties.
He added, "The Hubei Lobby Company, which owns the antiquities, asked in its memo from Iraq to stop its legal procedures against the company in exchange for returning the antiquities and providing assistance."
And Nazem added, "We must now speed up the completion of everything related to the issue of restoring the antiquities that Cornell University owns of the 5831 archaeological pieces, and complete the requirements for their return in coordination with the Ministry of Foreign Affairs, and the recovery department in the Antiquities and Heritage Authority, to be completed within the next few days.
He listened to "the interventions, opinions and suggestions of the president of the commission, Mohsen Sadkhan's agency, the director general of museums, Dr. Amira Aidan Al-Dhahab, the director general of studies and research, Qassem Al-Sudani, and the specialists in legal affairs, and appropriate decisions and measures were taken regarding the return of antiquities, and the mechanisms of action in accordance with the law."

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ARTICLE 6
7 ways to get rid of your body fat
 9/8/2020 17:02 • 
Ayna News _ General

Whatever diet a person follows, the final elimination of fats will remain difficult for the body.

The accumulation of fat leads to obesity. Which results in negative effects on health, and therefore a person needs to make additional efforts to burn those fats.

The desire to lose weight has always been a source of concern for some, as this requires more effort in the gym, as well as following a diet method in which the person is forced to eat certain foods that are low in calories.

Although a person has reached the ambitions of an athletic body and lost weight, some kilograms of fat remain stuck to cause inconvenience, and here are some effective advice in this context.

How to burn the extra fats in your body easily

- Calculate the amount of calories you consume, then reduce them, give up an additional 250 calories from soft drinks and refined sugar, and not from healthy foods.

Adding some protein to your diet gives you a feeling of satiety and makes you stay without food for a long time. Include proteins in each of your meals, such as yogurt, cheese, eggs, beans, fish, lean meats, and others.

You do not need to exercise longer, instead make it more powerful, increase the intensity of exercise, for example increase your speed while you are running or walking.

Lifting weights to lose weight, as this method increases the metabolism rate, and thus helps to burn more calories, which is easily possible with strength or resistance exercises.

Drink more water. Often times, we think that we are hungry, but in reality the body needs water, which makes us feel full.

Movement is a major source of weight loss, so stay away from sitting for a long time, and stand up or move around whenever you get the opportunity.

Try to change your diet routine, and eat a wide variety of fruits and vegetables.
 

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