WOTS FRI SEP 4 2020
The prices of selling and buying dollars in exchange companies and offices were as follows:
The selling price of one dollar was 1235 dinars, or 123 thousand and 500 dinars for one hundred dollars.
The purchase price of the dollar is 1225 dinars, or 122 thousand and 500 dinars for one hundred dollars.
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1164.3000 |  1215.0000 | 1193.4000 | 1193.4000 | 1193.4000 |  0.0000 | 06:08 |
| USD/VND | 23175.0000 | 23176.0000 | 23168.5300 | 23164.1900 | 23164.1900 | 5.1100 | 00:45 |
| USD/CNY | 6.8349 | 6.8369 | 6.8460 | 6.8346 | 6.8459 | -0.0111 | 05:21 |
| USD/KWD | 0.3053 | 0.3063 | 0.3056 | 0.3055 | 0.3056 | -0.0002 | 04:46 |
| GBP/USD | 1.3294 | 1.3296 | 1.3318 | 1.3255 | 1.3277 | 0.0015 | 05:21 |
| USD/IRR | 42000.0000 | 42210.0000 | 43011.9000 | 43011.9000 | 43011.9000 | -43.1000 | 04:44 |
| USD/IDR | 14731.0000 | 14731.0000 | 14804.0000 | 14535.0000 | 14736.0000 | -21.0000 | 05:20 |
Mercedes Should Absolutely Go Electric With Maybach
China’s yuan could become world’s third largest reserve currency: Morgan Stanley
‘Chinese firms are learning a painful lesson’: India’s app crackdown opens doors for U.S. tech giants
STUDY: People can control own happiness...
Iraqi Articles:
Iraq is moving to join global trade … and an Arab country: We will facilitate its mission
Iraq opened the file for its accession to the World Trade Organization.
A statement by the Ministry of Foreign Affairs, of which the Euphrates News Agency received a copy, said: “The Chargé d’Affairs, Minister Plenipotentiary {Abbas Kazem Obeid} met in Geneva the head of the working group on Iraq’s accession to the World Trade Organization, Ambassador Omar Hilal / Permanent Representative of the Kingdom of Morocco to the United Nations in New York, In the presence of the Director of the WTO’s Accession Department, Ms. Maika Oshikawa, and her assistance at the Organization’s headquarters.
The two sides exchanged, according to the statement, “talking about ways to activate the file of Iraq’s accession to the organization and the importance of continuing work in completing the technical documents to complete the requirements for accession and overcome the obstacles and challenges facing the accession process.”
The statement indicated that “it was agreed to prepare training programs for members of the national negotiating team, as well as discuss the importance of setting a new date for the high-level conference on Iraq’s accession to the World Trade Organization, which was supposed to be held in Baghdad for the period 26-27 / 11/2019. “.
Last Thursday, Moroccan state television – Channel 1 – announced that Moroccan Ambassador Omar Hilal, head of the working group concerned with Iraq’s accession to the World Trade Organization, held a series of meetings with the parties participating in the World Trade Organization last week in Geneva. Activating the file of integrating Iraq into this organization.
On the other hand, identical sources indicated that these meetings follow a telephone conversation that Ambassador Omar Hilal had held during the past month of July, with the Minister of Trade, Alaa Ahmed Hassan Al-Jubouri.
The same source added that during the aforementioned meeting, the two sides agreed to activate negotiations, with a view to speeding up the process of the Iraqi Republic’s accession to the World Trade Organization.
Here it is noteworthy that Ambassador Omar Hilal, Chairman of the Working Group on Iraq’s Accession, had a discussion with the Director General of the World Trade Organization, Roberto Azevedo, and held a working session with the Deputy Director General in charge of accession operations, Alan Wolf, as well as with Mika Oshikawa, Director of the Accession Operations Department, Where Wolff pledged to work to sensitize the countries of the World Trade Organization, in order to facilitate the process of joining Iraq.
On the other hand, according to a report by MAP, he highlighted that Ambassador Omar Hilal held bilateral meetings with ambassadors and permanent representatives in Geneva, and the main countries participating in this process, especially the European Union, Switzerland, Russia, China and Saudi Arabia, in their capacity as coordinator of the Arab Group He also had a fruitful phone conversation with the representative of the United States, who was in Washington.
The report also highlighted that the interlocutors of Moroccan Hilal were unanimous in expressing thanks and praise for Morocco’s tireless efforts aimed at re-launching the process of Iraq’s accession to the World Trade Organization, in the difficult context of the “Covid-19” epidemic.
On the other hand, the aforementioned source added that the Moroccan diplomat held a virtual working session from Baghdad, with Adel Al-Masoudi, Director General of Foreign Economic Relations at the Ministry of Trade and head of the delegation in charge of negotiations, and this meeting constituted an occasion for the Iraqi side, in order to reaffirm his commitment to redouble efforts in order to prepare All documents required to join.
To this end, the Iraqi side requested technical assistance for the benefit of the various ministerial sectors concerned in order to form an effective negotiation team, capable of enabling Iraq to better negotiate its interests during this process, which will be long and arduous, and this virtual working session was completed by coordination meetings held with the mission. Al-Iraqiya, with Abbas Kazem Obeid, the Iraqi ambassador to Geneva.
In order to mobilize the necessary financial contributions for technical assistance, training and strengthening the capabilities required by the Iraqi authorities, Hilal held a virtual working session with representatives of the World Bank in both Baghdad and Beirut. On the other hand, the head of the working group called in a meeting with the director of technical assistance for the mall International to strengthen technical support for the benefit of the Iraqi delegation.
The re-launch of the process of Iraq’s accession to the World Trade Organization comes in a positive context, reinforced by encouraging signs following the formation of the new Iraqi government led by Mustafa Al-Kazemi, as the latter expressed his aspiration to open up to its regional and international surroundings.
Thus, Al-Kazemi aims to fight corruption, and to carry out many reforms in the country, especially at the level of the judicial system, as well as to implement the necessary economic transformation so that oil is not primarily dependent on oil as a major source of Iraq’s GNP, by focusing on diversifying his income through Promote the sectors of agriculture, livestock, agricultural industries and trade.
On the eve of these preliminary discussions, led by Hilal Maghribi in Geneva, the World Bank published a report on the economic situation in Iraq.
This report stresses the importance of the country’s accession to the World Trade Organization, which will help complete many reforms, through binding international commitments, and enable Iraq to benefit from a multilateral trading system that is transparent, extrapolable, and based on rules.
Oil is consolidating near $ 44 and heading for a weekly decline due to demand concernsA US government report showed a drop in domestic demand for gasoline in the latest week.
Official data revealed that stocks of intermediate distillates in Singapore, a center for oil storage in Asia, rose above the highest level in nine years.
The focus today is on the US jobs data due for release today, which may trigger selling as the expected slowdown in employment outpaced estimates.
The unemployment rate is expected to drop to 9.8 percent from 10.2 percent.
"Demand concerns are deeply rooted in the forefront and center of dealers' attention," said Stephen Brennock of BPM oil brokerage.
Oil recovered from April, when Brent fell to a 21-year low at less than $ 16 a barrel, and US crude briefly recorded a negative value.
But a record supply cut since May implemented by the Organization of the Petroleum Exporting Countries (OPEC) and allies, a group known as OPEC +, provides price support.
OPEC began easing cuts in August and raised production by about 1 million bpd, according to a Reuters survey.
Parliamentary Finance issues a statement on the economic and financial reform paper
link
While we are waiting for the government to present the economic and financial reform paper to the House of Representatives according to what was stipulated in the Domestic and Foreign Borrowing Law, which has not yet been submitted, despite the passage of time specified by the law, which is 60 days from the date of its approval. We see its signs, neither word nor deed. Rather, the government has ignored all the reform texts contained in that law.
We are surprised by decisions and appointments in sensitive and highly important centers in the Ministry of Finance and other relevant institutions that are not in the public interest with anything, since most of those issued these The orders against them, all of which are subordinated to the phrase “according to the book of the Prime Minister’s Office,” their employment history is marred by many suspicions and failures, and this will negatively affect any real intention or step for reform and will cast a shadow over a decline greater than it is now in the financial and economic file.
And based on the legal and moral responsibility entrusted to us as a regulatory and legislative body, we will have a firm and strict position as a result of those measures that adopted the mood and favoritism in their approval by the government and the Ministry of Finance, which unfortunately we did not see any cooperation or consultation with the legislative authority. Represented by the House of Representatives in general and the Finance Committee in particular during the previous period of the current government’s life.
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 $ 0. cash Friday
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
9-3-2020 Intel Guru MarkZ [via PDK] I am hearing a lot of chatter…but cannot prove if Swift is dead yet or not…I have been chasing bankers trying to prove or disprove info about the swift system…almost all of them –conclusively say that yes- they are upgrading their system for “near instant” transfers. They see the changes coming. Part of them have updated now- part of them haven’t but I do not believe swift is totally dead yet. No banker will tell me that “yes it’s dead” only that it is ending in Sept, and everyone will be on new system for interbank transfers and country to country transfers now... ...they are in the middle of a transition…and that a number of their transactions now are “near instant”…
9-3-2020 Newshound Guru Pimpy Article: "Iraq: Al Kazemi prevents militia flags and religious banners from being raised over government buildings" Basically the whole article is saying the only flag you're allowed to wave in our country is our country's flag. Period. Iraq flag. Because they want to be a united country...Al-Kazemi is lowering the boom down...forget all these separations of people...Kazemi is saying enough. We are one country. We are one people. We are one nation. Period. I love this move. I know it sounds minor but to me it's big. It sends a clear message that they are united and that's what the world is looking for...
9-3-2020 Newshound Guru Jeff ...In the media they've told you what the delays were. They told you there were two of them. The beginning of the year was the formation of the government. And then after that was the Kurdistan and Baghdad reaching an agreement...now that the articles are suggesting that they're now at the end of completing that comprehensive agreement, articles have now transitioned to talk about Iraq rejoining the international world...
9-3-2020 Newshound/Intel Guru Mnt Goat Article: "IRAQ BRINGS IN $72.1M IN CUSTOMS REVENUE FOR AUGUST: FEDERAL CUSTOMS AUTHORITY" Al-Kazemi is getting these financial reforms in place and fianally they are working...
9-3-2020 Intel Guru MarkZ [via PDK] Not really expecting any news until overnight tonight…just big anticipation that tonight starts the rollout somewhere between 11pm and 2 AM. …Hopefully we will have solid news by tomorrow morning. [I have heard tomorrow will be a “magical” Friday.] I am so ready for one of those…I think we all are. ...We are watching it roll out…My people said it would roll out in September and get very quiet except for disinformation…all my real connected people have been really quiet. They just said the plan is set - its moving forward. Just hang on...There really is a lot of misinformation right now…
9-3-2020 Newshound Guru MilitiaMan Report: "New Currency, Fiscal and Monetary Policies Guidelines for the Transitional Government of Iraq" ...The report shows what was from the past and what is needed into the future. By all the study we have under our belts, I can see this report as massive support they are in fact going to a market economy and will raise the rate of the IQD to support that effort! ...imo...
9-3-2020 Intel Guru Frank26 ...I believe in my heart that...there is a transparency change coming. We are seeing a change to the global financial system. I don't believe in the GCR. I believe in the GFS. The global financial system is completely being changed...I'd like to suggest that this Quantitative Financial System that's being brought is an evolution to the banking system. Where banks will never function the same way. It is a completely different model. A completely different system. A completely different language-coded...the Iraqi dinar has been beat up and abused...but Donald Trump put this together...What do you think Kazemi had a nice conversation about this past week?
9-3-2020 Newshound Guru Jeff ...around all these articles talking about the comprehensive agreement [between Kurdistan & Baghdad] we have new transitional articles. These new articles now are talking about Iraq going international and joining the international world. That's what the next round of articles are talking about...Iraq becoming and going international, joining the international world. In addition to that on August 20th you had a whole bunch of U.S. companies sign $8 billion worth of contracts...Iraq is ready to jump out and join the international world. That's not my opinion that's right here in print. It's factual...
9-3-2020 Intel Guru Bruce [via WiserNow] ...even though this journey is going longer than we all thought - I am still excited... it is to a point where the QFS would be fully operational – which I understand it is...we believe the Swift is gone for the very most part we have to confirm this but I believe it is...we’ve got a system that is functioning without the ability of it being hacked that is a very positive thing for us moving forward - and I know that’s going to be very valuable. ...We understand that the roll out is to occur for all of us in this week the 1st – 8th which is Tuesday thru Tuesday...You know we have UN operational rates changing on the 15th - that should be changing from where the public could actually see those on the UN operational website page...
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