Thursday, September 10, 2020

WOTS THURS SEPT 10 2020

 WOTS THURS SEPT 10 2020


Thursday UPDATE for September 10, 2020

Iraqi TV is stating that the economic and financial reform papers will be presented to Parliament at the end of September.

PM Al-Kadhimi's visit to Kurdistan was a key factor in relations between Kurdistan and Baghdad. #wearethepeople


The exchange rate of the dollar rose in the main stock markets, while it stabilized in local markets today, Thursday (September 10, 2020).  
Al-Kifah Stock Exchange recorded 123,150 dinars against 100 dollars, while the stock exchange yesterday recorded 123,100 dinars per 100 dollars.  
Selling prices in the exchange shops in the local markets in Baghdad: 
The selling price: 123,500 dinars per 100 dollars 
Purchase price: 122,500 dinars per $ 100.    



The Markets:
The Asian markets closed mixed NIK up by  .88% HSI down by .64%  SHNG down by .61%
uk markets currently trading  mixed 2 up from .01% to .27%  and the others down from .04% to .55%
our futures are currently trading mixed  the DOW at 27830 down by .08%  SNP at 3385 don by .15%  and NDX at 11384 would bee up by .04%


Precious MEtals:
Gold  is green at 1949 at  Silver is green at 27.32  Copper is red at 300  Platinum is green at 922
Brent 40  WTI

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1162.8000  1213.6000 1192.5000 1191.6000 1192.5000  -1.1000 12:02
 USD/VND  23173.0000  23184.0000 23159.5400 23155.4100 23155.4100  5.5700 22:41
 USD/CNY  6.8369  6.8389 6.8414 6.8316 6.8316  0.0047 05:35
 USD/KWD  0.3054  0.3064 0.3057 0.3056 0.3057  -0.0001 01:24
 GBP/USD  1.3026  1.3027 1.3034 1.2976 1.2998  0.0026 05:35
 USD/IRR  42000.0000  42210.0000 43011.9000 43011.9000 43011.9000  -43.1000 04:44
 USD/IDR  14944.0000  14951.0000 14987.0000 14734.0000 14785.0000  163.0000 05:30

Things in the News:

Iraqi News:

 OPEC is looking to hold a meeting in Baghdad
link

A source in the "OPEC" organization revealed, on Thursday, that the countries of the organization could hold a direct meeting (face to face) in Baghdad early next December, on the occasion of the sixtieth anniversary of the founding of the organization.

The source stated to the Russian "TASS" agency and seen by "Al-Economy News", that the meeting could be held in the capital, Baghdad, if the epidemiological situation in the world improved, and the restrictions imposed on border crossings were lifted.

The proposal to hold the meeting in Baghdad on December 4 was presented by Iraqi Oil Minister Ihssan Abdul-Jabbar in his letter to OPEC Secretary General Muhammad Barkindo.

The organization countries were supposed to hold the meeting in Baghdad this September, but it was decided to postpone it due to the Corona crisis.

The Iraqi Oil Minister said in his message, "Preparations for the meeting required several months to be organized, but due to the epidemic and restrictions, the scheduled meeting was postponed in September, so we suggest holding the meeting on December 4 in Baghdad."

The source indicated that the decision to hold the meeting will be taken after the improvement of the epidemiological situation in the world.

The "OPEC" organization includes eleven countries that depend heavily on their oil exports to achieve their income.

The organization was established in Baghdad in 1960, and at that time it included Saudi Arabia, Iran, Iraq, Kuwait and Venezuela, and the headquarters of the organization is located in Vienna.   

Parliamentary Finance discloses the purpose of approving the 2020 budget 
link 

The Parliamentary Finance Committee announced, on Thursday, the purpose of approving the country's financial budget for the current year 2020, despite the elapse of eight months.

Committee reporter Ahmed Al-Saffar said, "The general budget is considered special considering that there are eight months in which actual spending has passed, and that the government, by approving the budget, is trying to bypass the principle of spending 1/12 to bypass the health situation and other matters."

He added that "the purpose of approving the general budget is to establish what was spent in the previous eight months, and to approve spending for the remaining four months of the current year." 

Regarding the details of the draft budget, he stressed that he was not aware of its details, given that it is in the cabinet and not sent to parliament, indicating that "if it is approved next week and sent to Parliament, it will be discussed by the Parliamentary Finance Committee before it is presented for reading on the council's agenda."

Iraq did not approve the financial budget due to the resignation of the previous government at the beginning of this year under the weight of unprecedented popular protests, and then the outbreak of the Corona epidemic in the country, which caused a financial crisis that resulted from a significant decline in oil prices.

Iraq relies on oil revenues to finance up to 95 percent of state 

expenditures.


Denmark plans to open embassy in Baghdad this fall



Denmark said on Thursday it plans to open an embassy in Baghdad this autumn as part of its efforts to help combat Islamic State and contribute to the stabilization of the situation in both Iraq and Syria.
"With our commitment, we help to ensure that Islamic State doesn't once again gain a foothold in the region and thus the opportunity to threaten Europe and Denmark," Foreign Minister Jeppe Kofod said in a statement.
Denmark will use its representation to strengthen the dialogue with Iraq in areas such as migration, counter-terrorism and prosecution of crimes committed by Islamic State, he said.
Denmark takes over the leadership of a NATO-led mission training Iraqi security forces from Canada by the end of 2020.

A third party in the square" ... An activist reveals a meeting in Erbil to repeat the "October 2019" scenario



Activist and journalist Hussein al-Shalakh revealed, on Thursday, that a meeting was held last night in the governorate of Erbil in the Kurdistan region of Iraq in order to repeat the scenario of October 2019, accusing the suspicious organizations of causing an increase in the number of victims.
Al-Shalakh said in a post on his page on the social networking site "Facebook", which was seen by / the information /, that "because of the meetings in Erbil and suspicious organizations there, the number of Tishreen martyrs increased," indicating that "we have a third party inside the arena and its duty is to push the youth to the Holocaust."
He added, "We could have reduced the number of martyrs to 100 !! But because of the traitors and traitors, the number has become 700 martyrs, revealing that "there are those who met in Erbil last night in order to repeat the October 2019 scenario."
Al Shalakh concluded his post by saying: "Be more aware and cut off the road to the traitors."  

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 $ 230,530,802. 

  including   $ 10,900,000. 

ISX Update:   

www.isx-iq.net/

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

https://www.dinarguru.com/

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...
9-9-2020   Intel Guru Footforward   Article:  "Iraqi mp: 148 trillion dinars the size of the 2020 budget. And $40 a barrel of oil."   basically talking about their budget and if they have to borrow more money they may go bankrupt. Meaning they need to add value to their currency.

9-9-2020   Intel Guru MarkZ   [via PDK]   Personally I am waiting on news out of Iraq directly. They were supposed to vote yesterday - now it looks like today they vote on actual budget figures. [What bearing does iraqs vote have on us and the RV?  Will it hold things up?]  No…I am looking at Iraq as a symptom. They will not vote to move forward until the RV/GCR is released. IMO They are just one of the earliest places to see something happening. I believe when the RV/GCR goes…they will be allowed to vote on their budget. No more holding them back.

9-9-2020   Intel Guru Bruce   [via WiserNow]   This is one of those times when it is not dead quiet but pretty quiet...when certain bankers are just told...to stay quiet...so it’s a little tougher to find and get the information that you and I are interested in – especially on timing...However - we did find some things out...high amounts of funds were being allocated to a number of accounts – that was on Saturday...The redemption center staff...have plans to go in tomorrow [Wednesday] with the full contingent of staff...we understand from one very high up wealth management advisory source that...we were looking very strong for tomorrow [Wednesday] ...it is not absolute...if it’s not just be prepared for the possibility of it still going this week...I know that we are on a day by day basis...I am going to suggest that we are very, very close...we know we have new rates on the screens -  we know that we’ve got an opportunity to exchange at very high rates...

9-9-2020   Newshound Guru Pimpy   I know a lot of you been told that the 2020 budget has the new rate change.  It's the 2021 budget that looks like it's going to have the new rate change.  See the 2020 budget must be hammered out now... Article:   "Under the dome of parliament the Minister of Finance discloses the reason for the delay in the reform paper" ...reform papers are going to be submitted at the end of September and in the reform papers there's going to be the new rate change.  So see the 2020 budget will not have a rate change.  The 2021 budget will...man there is a lot of things happening between now and the end of this year...It looks like Iraq is finally going to pull the trigger on this rate change.  How much it is we don't know...
 
9-9-2020   Newshound Guru Jeff  I've been in this since 2009...name a year when they've ever delayed a budget by half a year.  Iraq had no reason to delay this budget.  The Council of Ministers had the budget approved in early December of last year ready to pass to parliament but they didn't.  Now ask yourself Why?  The reason why they had to delay the budget was very simple - because the budget had reforms in it.  Those are post rate change items.  They had to delay the budget because it's married to the rate change...they've never approved a budget in the middle of a year before.  This is the first time.  I've never had a budget go past the month of March...Iraq is showing their hand...it's just amazing...

9-9-2020   Newshound/Intel Guru RVAlready   "Iraq's Finance Minister is on TV declaring the review of the value of the dinar is critical and should be done expeditiously."   Finally, the PM publicly calls for the RV quickly!!!  Remember, the RV stops the auctions and stops a lot of the funds theft. Otherwise, it would have been done long ago.

9-9-2020   Intel Guru MarkZ   [via PDK]   A lot of people standing by with great anticipation...Most of my sources still say this is our week for things to roll and for money to actually move into people’s pockets. We are still in a great spot…in a great window watching things happen. Try to stay calm and grounded as we go through this here at the end...

9-9-2020   Newshound/Intel Guru Mnt Goat   Today’s news is all about going international in general terms for trade. They did not talk about the currency so much. However, Iraq needs to begin trading with the international community and not just close neighbors. To do this they will need to be part of the WTO (world trade organization). The WTO has used terms like “fast tracking” Iraq to the WTO. Their next major meeting with Iraq in in early November. Do they need a tradable currency on FOREX to join the WTO? The answer is YES. How else will countries convert their currency rates to Iraqi dinar rates?  ...all the articles are telling us today that Iraq is moving quickly in the right direction...

9-9-2020   Newshound Guru Pimpy   ...there are some key things happening that we need to fall into place.  We're keeping an eye on this...there's a lot of stalling going on in the government when it comes to the budgets of financing which is very interesting...

9-9-2020   Newshound Guru Adam Montana  Article quote:  "The visit of the regional government delegation headed by Talabani to Baghdad has been postponed until Monday or Tuesday of this week."    [If Erbil doesn't reach a deal with this Iraqi government they never will.]  This is the best GOI we have ever witnessed - one of the reasons I believe that agreement, and the results, are coming.  Soon. I don't use that word lightly!
 
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 orders the opening of an air and sea bridge to provide urgent aid to Sudan 

The Prime Minister, Mr. Mustafa Al-Kazemi, today, Wednesday, ordered the opening of an air and sea bridge with the sister country of Sudan, to provide urgent humanitarian aid to the afflicted and affected by the torrents and floods that struck Sudan days ago.

A military cargo plane will launch today, carrying tons of medical supplies, tens of thousands of food baskets, thousands of pieces of essential humanitarian needs and tents to accommodate those affected who were forced to leave their homes due to the floods.

Mr. Al-Kazemi also ordered the start of loading ten thousand tons of wheat from the ports of Basra to support the brotherly Sudanese people.

The directive of the Prime Minister, Mr. Mustafa Al-Kazemi, comes within the framework of the Iraqi government and people’s keenness to strengthen brotherly bonds with brothers, and to stand with the State of Sudan, which is experiencing extremely difficult humanitarian conditions due to the floods.

Media Office of the Prime Minister
9-Sep-2020

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

Statement 

The Prime Minister briefed the Commander-in-Chief of the Armed Forces, Mr. Mustafa Al-Kazemi, on the detailed lists containing the names of those declared admitted to the Military College.

His Excellency directed to cancel the classification applied to students admitted according to their sectarian affiliation, and to cancel this classification wherever it is mentioned in all state institutions.

He also directed his Excellency to adopt geographical distribution exclusively in the information recorded on state employees.

The Prime Minister stressed that the state agencies, and the security services in particular, keep away from everything that would provoke division, and plant the reasons for the separation between the people of the same nation and the same blood, as the blood that was shed for the sake of Iraqi soil was all the color of martyrdom and heroism, and she was not asked. For its classification before it redeemed one unified Iraq.

Media Office of the Prime Minister
9-Sep-2020

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ARTICLE 2 (from Government of Iraq twitter account)

Watch: Highlights from the weekly press conference of PM @MAKadhimi’s Spokesperson,

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ARTICLE 3

Al-Kazemi stresses that state agencies stay away from anything that might provoke division

9/9/2020 20:24 •
[Baghdad-Where] The
Prime Minister and Commander-in-Chief of the Armed Forces, Mustafa Al-Kazemi, stressed that state agencies should stay away from anything that might provoke division.
A statement by his office said, "Al-Kazemi viewed the detailed lists containing the names of those who announced their admission to the Military College."
Al-Kazemi directed "to cancel the classification applied to students admitted according to their sectarian affiliation, and to cancel this classification wherever it is mentioned in all state institutions."
He also directed that "geographic distribution be used exclusively in the information recorded on state employees."
Al-Kazemi stressed that "the state apparatus, and the security services in particular, keep away from everything that might provoke division, and plant the reasons for the separation between the sons of the same nation and the same blood, as the blood that was shed for the sake of Iraqi soil was all the color of martyrdom and heroism, and she was not asked about Classifying it before you redeem a single, unified Iraq. "

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ARTICLE 4

On the eve of Al-Kazemi's visit, Baghdad and Erbil give hands to "trouble spots"

 9/9/2020 18:49 • 
[Erbil - Where]
A spokesman for the Vice President of the Kurdistan Regional Government, Qubad Talabani, who heads the official delegation of the regional government, during his visit to Baghdad, today, Wednesday, revealed that the meetings are continuing in Baghdad with the Iraqi government, pointing out that there is a good intention to address the outstanding problems between the two parties.
In an interview, Samir Hawrami said, "In order to reach a final agreement, we need discussions, examining the differences in a deeper way, and reaching a joint understanding formula, and on the light of which we sign the final agreement."

Hawrami added, "The trouble spots have been diagnosed, and we are currently looking for legal justifications to address these problems."

The provincial government delegation headed by Talabani arrived in Baghdad on Tuesday to resume negotiations with senior officials in the Iraqi government to reach an understanding that would lead to an agreement to solve the outstanding problems between the two governments.

On Tuesday, the delegation met with the Iraqi Prime Minister, Mustafa Al-Kazemi, and the Minister of Finance, Ali Allawi.

Earlier Wednesday, an informed political source told Shafaq News that Al-Kazemi will visit Erbil tomorrow, Thursday, to meet with the region's leaders and leaders.

Al-Kazemi is expected to discuss several files in Erbil, including the pending disputes between Baghdad and Erbil for many years, and the fight against ISIS remnants, as well as the holding of early parliamentary elections.

This will be Al-Kazemi's first visit to the Kurdistan Region since the formation of his government last May.

The Kurdistan Region was among the parties that strongly supported Mustafa Al-Kazemi's rise to the presidency of the federal government.

Al-Kazemi government and the Kurdistan Region have been holding talks for months to resolve the outstanding disputes between Baghdad and Erbil for many years, and at the forefront of which are the disputed areas, the file of managing oil wealth and distributing their revenues.
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ARTICLE 5

Blue tea ... the secret of a long life

9/9/2020 20:18 •
[Follow_Wine]
Researchers have uncovered amazing benefits of a blue pea (butterfly pea) powder drink, known as blue tea.
This drink is one of the newest and best ingredient in the world of beverages that can replace drinks filled with chemicals and toxic food coloring agents, according to the British newspaper, "Express".

Studies show that it has many health benefits from delaying the aging process, improving memory and digestive health, to increasing hair growth.

Scientists found that this drink was used in Southeast Asia to promote vitality and healthy aging, as it helps people live long.

The butterfly pea flower increases levels of the neurotransmitter acetylcholine, which is known as one of the chemicals in the brain that decreases with age.

This substance helps facilitate communication within the brain itself, and its lack of it leads to messages being transmitted slowly, disrupted or completely stopped, and this process is the reason that loss of memory and coordination as a person ages is a common consequence of low levels of acetylcholine. Butterfly peas reverse this process and help increase longevity.

This drink contains a plentiful amount of antioxidants that help support skin collagen and elasticity, as well as support hair and eye health, both of which promote the overall healthy life cycle of human cells.
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