WOTS FRI SEPT 11 2020
Favorite Currencies Forex Quotes
Symbol | Bid | Ask | High | Low | Open | Change | Time |
---|---|---|---|---|---|---|---|
USD/IQD | | | 1192.8000 | 1191.7000 | 1192.8000 | | 13:22 |
USD/VND | | | 23176.6500 | 23176.0300 | 23176.6500 | | 00:12 |
USD/CNY | | | 6.8381 | 6.8328 | 6.8328 | | 05:16 |
USD/KWD | | | 0.3055 | 0.3055 | 0.3055 | | 05:05 |
GBP/USD | | | 1.2861 | 1.2763 | 1.2804 | | 05:16 |
USD/IRR | | | 43011.9000 | 43011.9000 | 43011.9000 | | 04:44 |
USD/IDR | | | 15046.0000 | 14855.0000 | 15044.0000 | | 05:15 |
Jobless claims show 'red flag'...
PEW: Share of young adults living with parents higher than Great Depression...
Welfare, Tax Rules Keep Working-Class From Marrying...
Trump extends state of emergency due to "risk of foreign interference in elections"
Thursday, it was indicated that the state of emergency that was declared on September 12, 2018 will remain in place after September 12, 2020 for another year.
200 FIRES RAGE ACROSS WEST...
OUT OF CONTROL: California's growing bigger, moving faster...
Rarely have so many been exposed to such unhealthy air...
Los Angeles suffers worst smog in 30 years...
Iraqi News:
A third party in the square" ... An activist reveals a meeting in Erbil to repeat the "October 2019" scenario
"Months without salaries." Will the 2021 budget guarantee the disbursement of electricity contracts dues?
The Parliamentary Oil and Energy Committee confirmed on Thursday that it was following up on the delay in the payment of contract and wage stipends in the Ministry of Electricity, pledging that these salaries will be paid monthly as part of the 2021 budget bill.
"The parliamentary energy committee is in constant contact with Electricity Minister Majid Hantoush and the ministry's staff in order to pay the dues and salaries of contract and wage employees in the ministry, which has been delayed for months," committee member Amjad al-Assari told Shafq News.
"The salaries and benefits of contract and wage employees will soon be paid through the central levy and in the decision of the Council of Ministers," he said.
On the transfer of their contracts, al-Ashari explained, "The cabinet's recent decision on all employees contracts and wages in the Ministry of Electricity from investment to operational, to include their salaries and to be disbursed monthly within the draft general budget law for 2021."
The contract holders at the electricity ministry have staged strikes in Basra, Maysan and Dhi Qar provinces on several times to protest against the non-payment of their salaries for nearly eight months.
While their colleagues also demonstrated in Samawah, others in several provinces warned against full-scale strikes until a solution to the crisis, which has left thousands of families without their livelihood, has been resolved.
On August 24, the Federal Integrity Commission announced the issuance of a recruitment order against former Minister of Electricity Louay Al-Khatib and the director general of the ministry's administrative department, and banned them from traveling, because of suspected irregularities in the ministry's contract with 82,555 agers per day without the need for their specialties, which cost the ministry's budget 43 billion dinars per month.
Since April 2020, the Ministry of Electricity has been unable to pay the salaries of some 90,000 contract and wage employees appointed under former minister Louay Al-Khatib, who has repeatedly said he is working to "solve this problem."
Oil is declining again and Brent is reading below $ 40
Last Tuesday, Brent fell below the level of $ 40 a barrel, for the first time since the end of June 2020.
While US light crude futures fell 0.27% to $ 37.2 a barrel, according to the trading.
Markets are still concerned about the impact of the Corona crisis on the oil markets, as the crisis continues to put heavy pressure on fuel demand.
Investor pessimism about the recovery in demand increased after the US Department of Energy announced Thursday an unexpected increase in the commercial oil reserves of the United States, as reserves rose in the week ending on September 4 by two million barrels and amounted to about 500.4 million barrels, while analysts expected an increase of 1.3 million barrels .
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. Friday
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
9-10-2020 Newshound/Intel Guru RVAlready I think Kazemi intends to bypass parliament on the RV, as they are mostly corrupt. He will send them a copy of the white paper to read, but that is all the power they will get. They will be voted out of office next year, and many arrested for corruption. IMO.
9-10-2020 Newshound Guru Pimpy ...nobody knows what the rate's gonna be. Nobody. I've had people approaching me about some of the most ridiculous things I've ever heard - $4.00, $5.00, $10.00 for the rate exchange...there are reason to speculate about a particular rate. I've used past articles. I've used past CBI meeting readings. I've used past discussions between the government about the rates that they have discussed to try to get an idea but nobody knows the rate. So you guys just slow down a little bit. I understand it's exciting. It is very exciting. We have not seen any kind of real discussion on anything to do with the dinar in quite some time but...they came out and said 'look one of the things that have to be taken into consideration is we have to do something about this rate so we could be competitive on an international scale' - for the record Pimpy said that months ago... [Post 2 of 2]
9-10-2020 Newshound Guru Pimpy ...I know yesterday's news was pretty exciting but...we need to just take a deep breath and slow down...Both budgets [2020 and 2021] are going to be submitted at the same time. Very very interesting...we saw the news article yesterday it was implied that a rate change must be considered in this paperwork...that doesn't mean anything other than it's being considered. Okay slow down a little bit. Like I said when we're investing don't get overly excited when it's good news and don't get overly down when it looks like negative news. There's reasons to be excited, plenty of reasons but I don't want people to get overly confident...that's important for us to say grounded. It's a low risk high reward situation but there's no guarantees on any investment... [Post 1 of 2....stay tuned]
9-10-2020 Newshound Guru Adam Montana Article: "The regional government delegation arrives in Baghdad to discuss the budget" ...a short summary: Budget, and HCL. There is a LOT of information in that...that is related to HCL. I mean...it's almost ALL HCL. Smothered in Budget sauce. And that is an amazing thing. ...wait in frustration, or patiently knowing what's coming... Iraq can do a lot to change how we remember this Year...GOOOOOO RRRRRRVVVVV!!!
9-10-2020 Newshound Guru Jeff Article: "Parliamentary Finance: The government's economic reform paper will be presented at the end of this September" ...If, I'm not saying they are...this is my opinion...if their plan is to change the rate in the month of September they cannot do it at the very end of September...they would have to do it more around September 20th and leave some wiggle room at the end of September...because they need to leave about 10 days around the end of September to work on the budget and...work on the reforms...
9-10-2020 Newshound Guru MilitiaMan They...tell us they have a session for (Thursday the 10th). Same day that PM Kadhimi is to be in the Kurds back yard for a meeting on important issues, oil and gas, customs and borders, etc.. Same day... that Al- Hakim is having think tanks gearing to talk about rebuilding the new social contract and rebuilding the state. Lets still keep in mind Kadimi, has a special session for the start of next week to approve the 2020 budget. Which is looking to be the next one on the table. imo. (Thursdays) session maybe be a very powerful one that could change the playing field. We shall see if it is a "September to Remember" but, it sure looks like a synchronization is in play now not in 2021, as they say "next" and that is now real close...imo. [post 2 of 2]
9-10-2020 Newshound Guru MilitiaMan Article: "The House of Representatives has finished reading two laws and addresses an oral question to the Finance and Planning Ministers" Quotes: "...to begin its implementation, in addition to the necessity to devise a real reform plan to address the delay in implementing projects..."; "...as well as knowing the value of the exchange rate specified in the next budget..." The picture they are painting (imo) is they are implementing the real reform plan. They are even going so far as to tell us that they will need the value of the exchange rate for the next budget. They have not resolved the next budget yet, that I am aware of? The next budget on the table is the 2020 budget leading into the 2021, imo. [post 1 of 2....stay tuned]
9-10-2020 Intel Guru MarkZ [via PDK] We have a lot of bankers…everybody sitting and ready. But no money movement yet...because of their position the bankers are all forced to be ready. They have no choice even though it seems like “The boy who cried wolf” but to be ready for when the release happens. Unfortunately its been an entire week of “Groundhog day”...We are all just waiting for the “go”... Waiting for the shoe to drop… The news out of Iraq is still very encouraging as they are on the brink of passing that final budget with an amount in it. There is a whole lot happening as we watch it all roll out.
9-10-2020 Newshound Guru Jeff ...I think a lot of the news is scripted and rigged. In other words they're much farther along than they're telling you the truth on. Notice how Kurdistan and Baghdad are now magically ready to reach a comprehensive agreement at the exact same time and almost the exact same week that they're ready to start the approval process of the budget. That's a little too coincidental...things are coming together too nicely at this point in time.
9-10-2020 Newshound Guru Adam Montana Time goes by, and we can be impatient with it...or we can know what is coming. Last week, I ended the Weekly update with a mention of how everything was going great, and there was no bad news. That continues this week... with the exception of OIL. The projected budget is based on $40 OIL, and WTI is currently sitting at $37.98 - but heading north again. Problem? I don't think so. This is the first dip we've seen in months, and it's not likely to last. In fact, the price trend should continue upwards. Not fast or drastic enough to hurt us terribly at the pump, but enough to inspire confidence and not scare anyone away from increasing the value of the dinar...
9-10-2020 Newshound Guru Pimpy Article: "The Minister of Finance stresses the necessity of reviewing the exchange of the dinar and reveals the size of the external debt" ...we don't know what the rate change is going to be we just know that the rate change is going to be part of the reform papers and it's going to be part of the 2021 budget...it looks like we're finally here. They're actually saying it. This is the first time we heard anything about exchange rates in quite some time....it looks like we have some kind of a window. It seems between now and the end of this year we will see something happen...
and other officials in the Government of the Kurdistan Region of Iraq, says the close coordination between all parts of the Iraqi armed forces during the war against Daesh strengthened national unity.
No comments:
Post a Comment