Saturday, September 5, 2020

WOTS THUR SEP 3 2020

 WOTS THUR SEP 3 2020


The Markets:
The Asian markets closed mixed NIK up by .94% HSI down  by .45%  SHANG down by .58%
The UK markets are currently trading in the green from .77% to 1.73% 
Our futures are currently red the DOW at 29062 down by .10% SNP at 3567 down by .34% NDX at 12303 down by .87%

Precious Metals:
Gold is red at 1930   Silver is red at 27.20  Copper is red at 298  Platinum is green  at 913
Brent  43  WTi 40

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1171.4000  1222.1000 1192.6000 1192.6000 1192.6000  0.4000 06:07
 USD/VND  23174.0000  23175.0000 23158.0700 23151.0800 23151.0800  8.7600 00:07
 USD/CNY  6.8363  6.8383 6.8432 6.8241 6.8376  -0.0013 05:20
 USD/KWD  0.3053  0.3063 0.3053 0.3052 0.3053  -0.0001 05:07
 GBP/USD  1.3282  1.3284 1.3355 1.3272 1.3350  -0.0069 05:20
 USD/IRR  42000.0000  42210.0000 43011.9000 43011.9000 43011.9000  -43.1000 04:44
 USD/IDR  14830.0000  14857.0000 14849.0000 14560.0000 14769.0000  44.0000 05:15







Things in the News:




Iraqi Articles:

AL-KAZEMI TRANSFERS AND NAMES A NUMBER OF PERSONALITIES IN ECONOMIC POSITIONS

link

To the policy f / Al-Kazemi - yeh b - making - changes - in - positions - economically Diwaniya order / 197 based on the requirements of the public interest, and based on the approval of the Prime Minister according to the powers conferred on his sovereignty under the constitution and the legislation in force, the following is decided:

1  Transferring the services of Mr. Khaled Salah Al-Din Murad / Director General of the Iraqi Fund for Foreign Development to the position of Director General of the Public Debt Department in the Ministry. 

2- Assigning the expert to Mrs. Brian Abdul Salam Qasim Al-Khafaf as Director General of the Iraqi Fund for External Development

3- Transferring Mr. Rashad Khudair Wahid / Senior Manager from the Ministry's Economic Department to the Agricultural Cooperative Bank and assigning the duties of the bank’s general manager. 

4- The transfer of Mrs. Najah Abbas Ali / Deputy Director General of the Insurance Bureau to the Economic Department and assigned the duties of the Director General of the Department. 

5- Assigning Mr. Hussain Ali Muheisen Al-Zubaidi, Assistant General Manager of Al-Rafidain Bank, with the duties of the General Manager. 

6- This order shall be implemented from the date of its issuance.  Director of the Prime Minister's Office 2020 / \ 90.90.9942

Oil prices continue to fall amid dollar recovery

link 

Oil prices continued to fall Thursday after the biggest drop since July due to the strength of the dollar, as concerns about OPEC supplies returned.

The dollar affected futures this week, as the us currency's rise helped push oil down 2.9% on Wednesday, its lowest level since early August.

Meanwhile, Iraq may seek a two-month extension to implement compensatory cuts under the OPEC+production agreement, and OPEC production rose last month as producers eased production restrictions, which meant more supply as demand was reduced.

OPEC is testing demand's desire by bringing more supply back to the market, while Chinese crude oil purchases are slowing down.

West Texas Intermediate crude for October delivery fell 6 cents to $41.44 a barrel on the New York Mercantile Exchange as of 6:00 GMT.

Brent for November fell 14 cents to $44.29 on the European Ice Futures Exchange after falling 2.5% in the previous session.

Despite a drop in U.S. crude inventories by more than 9 million barrels last week, according to a report from the Energy Information Administration, that has not picked up prices as demand for gasoline in America remains nearly 10% lower than last year's levels showing the continuing impact of the CORONA virus epidemic.

 The private sector is the true partner 

link

When we look for the role of the private sector in all economies, we see that it is the main part on which it depends in building a strong economic system except in Iraq. When we search for the role of this sector, we see marginalized, so why is this marginalization? Who is standing behind him? Can the public sector save the country from this crisis?

 
These questions and more need explicit answers because this sector is the only savior for the country with its solutions to sterile problems in the Iraqi economy, including 
1- Unemployment, which is considered one of the most intractable problems in Iraq due to population density and the difficulty of hiring government institutions. Note that every year, more than 400,000 students graduate from Iraqi universities. Of course, government jobs cannot absorb these numbers, but the private sector can absorb these numbers through private economic institutions.


2- The alternatives are also one of the intractable problems in Iraq because the economy depends at a rate ranging from 92% to 95% on oil imports, and because in light of the many crises we must reach a complete conviction that oil is linked to internal and external decisions, and a day comes and the price of a barrel of oil becomes a price. A grain of dirt. We must think of alternatives. Iraq is one of the countries rich in wealth. The private sector is the one who can exploit these resources and produce various industries that constitute large imports to the country that may exceed oil imports. 

* Monitor of economic affair


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.

Financial and Banking Awareness Handbook for Youth and Entrepreneurs

link

The Central Bank of Iraq launches the electronic version of the booklet "Financial and Banking Awareness Guide for Youth and Entrepreneurs", which aims, in its content, to develop ideas and talents in creating fruitful business projects and maintaining their continuity through sound financial management.
 
This brochure deals with the investment plan for banking products that are best suited to the growth of institutions and projects, interaction with suppliers of those services, possession of adequate knowledge, legal frameworks, rights and related resources.
 
»To view the “ Banking and Financial Awareness Guide for Youth and Entrepreneurs ” booklet ... Click here


the docs is 27 pages I will translate it later but this is the opening statement

A word from the Governor of the Central Bank of Iraq, peace and mercy of God be upon you.

The interest in entrepreneurs and emerging projects is an important step in order to contribute to providing job opportunities in a society characterized by being an educated, ambitious young man, equal in rights between men and women,  In order to help young people as they touch their first steps in entrepreneurship, we present to them this booklet, which is a summary of everything that needs to be known about establishing small enterprises in Iraq in the technical, financial and legal aspects, hoping that it will be a useful guide for them in establishing their projects that success is a feeling that begins its journey with ambition and belief in a better tomorrow  Think, love, and start your journey towards your goal, and we are with you .. I wish all our youth success in building their future, which will certainly contribute to building our beloved country, Iraq. 

May God grant success to Ali Mohsen Ismail, Governor of the Central Bank of Iraq Agency 

The currency auction total sales amount $ 222,303,475.  

  including   $ 7,800,000. cash

ISX Update:   

www.isx-iq.net/

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

https://www.dinarguru.com/

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...
9-2-2020   Intel Guru MarkZ   [via PDK]  [What currencies do you expect to be in the first basket?]  I am hearing almost all currencies will be in the first basket…and that they will allow those not ready or trailing to float up to their values over the next few months .  The big ones we will see in the first basket are the dong, dinar, Zim and rupiah.

9-2-2020   Intel Guru Delta  ...every country in order for them to be able to [be part of QFS] ...first of all they have to join the system.  Second you can not manipulate your currency.  You have to have a fair currency - a fair exchange rate - in order for you to join the QFS...looks like Iraq is included there...this is a smart and brilliant way President Trump and the US treasury for them to come up with this system because that's the only way you can force all the countries to basically come up with a true rate.  And Iraq is included...excellent news...you can not do it with the auctions anymore or at a program rate...

9-2-2020   Intel Guru Frank26  ...this change that they're about to do. This formula.  This coding...is all brand new...I strongly believe currencies are being changed with their asset ability in order to be part of what Donald Trump is doing with currencies around the world and with Iraq...Do You think the Iraqi dinar is being groomed-prepared specially for this program [GFS]...Looks to me, Donald Trump a brilliant business man has once again done it.  He found a solution on how for countries to stop stealing not only our money but Iraq's money...this goes all the way down to the common thief, to drug dealers, to terrorists.  This is going to cover everything.  This is like a pill that solves cancer.  This system [QFS} will solve the problem with the monetary system of the Iraqi dinar...

9-2-2020   Newshound Guru Pimpy  ...there's a lot of positive steps moving forward.  This is what we're looking for.  I said this before and I will say it once again. Do not get immune to the good news.  There's a lot of good news that's coming out daily and my concern is people get impatient and go, 'Who cares about the good news. Just make it happen.'  Don't do that....there are a lot of positive steps being taken forward...you should be excited about all of this...

9-2-2020   Newshound Guru Adam Montana  There is no serious negative news on Iraq at the moment, which puts them in a good situation. The world has no major concerns about Iraq at the moment - they aren't causing problems, there is no major civil unrest (like there was 6 months ago), and the financial side of things is positive (OIL).  Nothing in particular says "RV by Friday!", but we all know better than to expect a heads up from Iraq.  They will do what they want, when they want... I hope you're ready. ...Go Iraq, and GO RRRRVVVVVV!!!  [post 2 of 2]

9-2-2020   Newshound Guru Adam Montana   ...OIL continues to be solid. What's not to like, if you were Iraq?  ...Kazzammie just met with Trump recently, and the reports still say it was a productive and successful meeting. The parties that the HCL are most important to are meeting, discussing long term plans (something we have almost never seen on this level). The region is fairly quiet, and things are simply good overall.  If we are to be realistic, the best time for Iraq to make a major move is during a quiet time.  [post 1 of 2....stay tuned]

9-2-2020   Intel Guru MarkZ   [via PDK]   Not expecting any news until Thursday Evening…overnight….but hearing nothing changed so I am getting a bit excited.  I am not hearing today…but...all kinds of activities over the weekend…and banking apts. for you and I starting next week. That’s what I am hearing. I hope its accurate…hopefully by Friday morning chat we have lovely news.

9-2-2020   Intel Guru Footforward   [What’s you guys thoughts on the quantum financial system happening between now and September 11?]  I do think it's coming. I'm not convinced it's coming as soon as people think.  I also have the opinion we aren't waiting on that for the RV to happen...

9-2-2020   Newshound/Intel Guru Petra   ...What is Iraq known for?  Stealing from the auctions.  Stealing money.  All that goes away when the quantified system is engaged.  Let's think about this.  Could we be waiting for this QFS to take off?  Could that be one of the reasons that we're waiting for for this to occur? 

9-2-2020   Intel Guru MarkZ   [via PDK]   [is the swift system gone?]  I think it is running parallel to the new system…we are seeing so many news articles now…   I believe the QFS in in place...IMO it’s not fully done though...

9-2-2020   Newshound Guru Militiaman  ...the United States Treasury...is using the language of 'global currency reset' arriving with the QFS.  Whether or not it's all at once it doesn't say that.  It just says that it's arrival is because of the QFS...that's why I've found that the most powerful thing I've seen because we all thought it [Global Currency Reset] was mythology.  No body took it terribly seriously because the phrase in and of itself was not given out by the IMF or the World Bank or anybody until now...how many counties come out and do something in respect to this at one time is to be determined but one of the main feelers is the Iraqi dinar is the lead in with the QFS...

Catnip's Corner:
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ARTICLE 1-A (from PM Kadhimi's website; posted only on Arabic side, not on English side; 17 pix)

Prime Minister Mostafa Al-Kazemi receives French President Emmanuel Macron 

The Prime Minister, Mr. Mustafa Al-Kazimi, received today, Wednesday, French President Emmanuel Macron, during his official visit to the capital, Baghdad.

The two sides discussed strengthening bilateral relations between the two friendly countries, and ways to consolidate joint cooperation between them in various fields. They also discussed the challenges facing Iraq, the region and the world.

Mr. Al-Kazemi welcomed the French President and praised the role played by France in supporting Iraq during its war against the terrorist organization ISIS.

He also praised the historical relations between the two friendly countries, referring to the partnership between Iraq and France in the field of economic and cultural relations and in the field of developing security capabilities, and the possibility of developing this partnership to a wider extent.

And Mr. Al-Kazemi indicated that Iraq is still experiencing the repercussions of the war against terrorism, and the liberation of all its lands from the terrorist organization ISIS, with the government's keenness to rehabilitate the affected areas, return all the displaced to their areas, and provide a safe environment for them.

Al-Kazemi stressed that investment in the field of electric energy is available to French companies, as Iraq suffers from a problem in the production of electric energy, and the possibility of benefiting from nuclear power reactors in the production of electricity, at a time when Iraq is looking forward to more joint cooperation between the two countries, especially in Concerning the reconstruction of liberated areas and the program of returning displaced persons.

For his part, French President Emmanuel Macron expressed his happiness to visit Iraq, stressing his country's keenness to develop bilateral relations between the two countries at various levels.

Macron affirmed that he looks forward to strengthening cooperation in the military, cultural, economic and health fields, in addition to cooperation in the field of education, and affirmed his country's commitment to the bilateral partnership between the two countries.

Macron indicated that Iraq plays an influential role in the region, stressing the support of France and the international community for Iraq as it faces great challenges, foremost of which are security challenges.


Media Office of the Prime Minister
2-Sep-2020

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ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side; 3 pix)

Prime Minister Mustafa Al-Kazemi receives the President of the Kurdistan Region, Nechirvan Barzani 

The Prime Minister, Mr. Mustafa Al-Kazemi, received the President of the Kurdistan Region, Nechirvan Barzani, and his accompanying delegation.

During the meeting, they discussed the important files that would enhance integration and cooperation between state institutions in both the federal government and the regional government, within the framework of principles and work drawn up by the constitution.

The national efforts to combat the Corona pandemic, as well as the continuous efforts and coordination to combat ISIS sleeper cells, and pursue the remnants of terrorism that has no place on the land of Iraq, were also addressed, as the importance of the role that the Peshmerga Regional Guard plays as an integral part of the Iraqi security system was emphasized.

For his part, Nechirvan Barzani expressed his optimism about the steps taken to strengthen the mechanisms of joint action between the regional government and the federal government,
He stressed that the Kurds are proud of their Iraq, and that they are determined to continue the work for the stability, security and sovereignty of Iraq.

Barzani also demonstrated the pride of the Kurdistan region in the role that Iraq began to represent at the regional and international levels, and in light of the mutual visits at the highest levels between Iraq and friendly countries, and the basic understandings in the interest of Iraq, security and regional stability.

Media Office of the Prime Minister
2-Sep-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

Observers: Iraq is on the verge of a great openness with the West and caution against incitement

02/09/2020 21:52 •
[Baghdad-Where]
Observers on political affairs said, on Wednesday, that Iraq is on the verge of a major opening with the West, after the French President's visit to Iraq today, Wednesday.
Political analyst Anwar Haidar said, "It is good that there is a Western or special role for France in Iraq, in contrast, you may not get anything much from Iraq in light of the American presence."
"But on the other hand, France is still a great power, a major European actor and a permanent member of the UN Security Council, and it still has industry, culture and thought, and Iraq can establish more than one joint project and benefit from French expertise," he added.
As political analyst Hussein al-Kanani confirmed {to the Euphrates News} that "Iraq today is not isolated from the countries of the world and there are great opportunities for him and for those countries in investment and security."
He added, "Important interests may be the subject of the meeting of these countries in Iraq, provided that these relations are not the subject of interference in Iraqi internal affairs and play a negative and inflammatory role in order to obtain political or economic gains that harm the interests of the country."
Macron arrived in Baghdad on Wednesday morning on a hours-long visit to Iraq, his first to the country.
Macron met upon his arrival with the presidents of the republic, Barham Salih, ministers Mustafa Al-Kazemi and the Parliament, Muhammad al-Haloubsi, and the meetings focused on expanding the partnership with France, in terms of security and economy, in addition to supporting the sovereignty of Iraq.
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ARTICLE 4

Barzani: The United Nations can help Baghdad and Erbil to turn the page on differences

02/09/2020 18:30 •
[Baghdad-Where]
Within a series of his meetings in Baghdad, the President of the Kurdistan Region, Nechirvan Barzani, met, on Wednesday afternoon, with the Special Representative of the Secretary-General of the United Nations in Iraq, Mrs. Jenin Blashart.
A statement by the region’s presidency said that Barzani and Blashardt discussed the political process and the situation in Iraq and the Kurdistan Region, pointing out that they highlighted the relations and dialogue between Erbil and Baghdad and the recent understanding between the two sides on the issue of the budget and salaries for Kurdistan Region employees.

Barzani referred to the role of the United Nations team in Iraq that can help Erbil and Baghdad to urge them to conduct a serious dialogue for a radical and final solution to the problems on the basis of the constitution, highlighting the report of the representative of the Secretary-General of the United Nations in Iraq, which she submitted to the UN Security Council on the importance of implementing the constitution and order. Federal (federal) in Iraq.

The statement noted that the latest developments regarding the outbreak of the Coronavirus epidemic and how to address it, the upcoming Iraqi elections, the election law, and the conditions of displaced persons and refugees in the Kurdistan Region camps were other axes in the meeting.
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ARTICLE 5

Customs: Yesterday's revenues exceeded two billion dinars

02/09/2020 21:50 • 
[Baghdad-Where]
The General Authority for Customs announced, on Wednesday, that its revenues exceeded two billion dinars yesterday in its customs centers.
The authority said, "The total revenues achieved yesterday in its customs centers amounted to more than two billion dinars, despite the zero customs duties on many goods and the lack of imports due to the closure of some border centers due to the Corona pandemic."

She added, "In light of the difficult economic and health conditions that pass through our dear country, its cadres working in all customs directorates and centers continue to actively contribute to standing up to help their people and their homeland, uniting all challenges and obstacles to work to improve their work and achieve the highest revenues."

She indicated, “It has contributed to facilitating the entry of thousands of dispatches of medicines, medical supplies and foodstuffs around the clock, day and night, with efforts and direct follow-up by the higher management in the authority in order to facilitate the smooth entry of consignments into the country for basic and foodstuffs, especially human medicines for delivery to the consumer in light of the crisis. Current ”.
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