WOTS FRI Oct 23 2020
list of the exchange rates of the dollar, foreign currencies, oil and minerals in the Iraqi local markets on Friday.
Exchange office prices:
The sale price of the dollar is 125,250
The purchase price of the dollar is 124,250
The Markets:
The Asian markets closed mixed NIK up by .18% HSI up by .54% SHANG down by 1.04%
The UK markets are currently trading in the green from .22% to 1.49%
Our futures are trading in the green the DOW at 28347 up by .28% SNP at 3455 is up .19% NDX at 11655 up by .05%
Precious Metals:
Gold is green at 1909 Silver is green at 24.85 Copper is green 315 Platinum is green at 892
Brent 42 WTi 40
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|
| USD/IQD |  1187.0000 |  1194.0000 | 1191.5000 | 1191.5000 | 1191.5000 | -0.4000 | 00:17 |
| USD/VND | 23176.0000 | 23178.0000 | 23167.6700 | 23163.0500 | 23163.0500 | 5.6200 | 00:17 |
| USD/CNY | 6.6693 | 6.6713 | 6.6912 | 6.6653 | 6.6838 | -0.0148 | 05:10 |
| USD/KWD | 0.3050 | 0.3060 | 0.3053 | 0.3052 | 0.3053 | -0.0001 | 05:01 |
| GBP/USD |  1.3083 | 1.3084 | 1.3112 | 1.3050 | 1.3078 | 0.0005 | 05:11 |
| USD/IRR | 42000.0000 | 42210.0000 | 43011.9000 | 43011.9000 | 43011.9000 | -43.1000 | 04:44 |
| USD/IDR | 14679.0000 | 14690.0000 | 14736.0000 | 14633.0000 | 14665.0000 | 16.0000 | 05:10 |
Things in the News:
Karbala protesters raise their tents in preparation for the demonstrations on October 25
link
The protesters of the Education Square in Karbala raised their tents in preparation for the demonstrations of the 25th of October.
The / Al-Malouma correspondent said that the protesters raised their tents from the Education Square in the middle of the governorate designated for demonstrations in preparation for the demonstrations of the 25th of this month, after they called for these coordination demonstrations in various governorates.
He added that the protesters kept a number of tents for so-called logistical support, while they demanded that the sit-in be central in front of the Green Zone in the capital.
Al-Baiji: We will not allow the government to borrow money in order to send it to Kurdistan
link
MP Mansour Al-Baiji confirmed, Friday, that most of the deputies will not allow the government to borrow money and send it to the Kurdistan Regional Government, invoking the payment of salaries to employees and that the money is sent to the Kurdistan government without any restrictions or conditions.
Al-Baiji said in a statement received by the information, that “the Ministry of Finance and the competent authorities stated during the day when the House of Representatives voted to borrow in order to pay salaries that the salaries of state employees are insured until the end of the world until they surprise us with submitting another request for borrowing and the money is sent to the region without restriction or condition. “.
He stressed that "the current government should not send a single dinar to the Kurdistan Regional Government because of its lack of commitment and respect for the law and the constitution by handing over its revenues to the federal government, which makes it imperative for the federal government to implement the law and the constitution and not to send money, whatever the reason, because the regional government did not abide by its duties towards the federal government." .
Al-Baiji pointed out that “it is unreasonable that the employees’ salaries be delayed for more than 45 days, and the money is sent to the Kurdistan Regional Government without restriction or condition. Therefore, the federal government must implement the law and the constitution, and that the regional government does not flatter at the expense of our governorates because this matter is unacceptable and cannot be accepted. Finally, we will have a position inside the parliament
Al-Kazemi: Iraq plans to maximize investment opportunities and provide suitable climates for companies
link
On Friday, Prime Minister Mustafa Al-Kazemi affirmed his government's keenness to provide "a healthy environment and a suitable climate" for the investing companies operating in the country, indicating that Iraq plans to maximize and expand investment opportunities.
The media office of the Prime Minister said in a statement, which "Al-Iktissad News" received a copy of, that "the Prime Minister, Mustafa Al-Kazemi, on the sidelines of his current visit to Britain, met with the heads of a number of British companies in various fields and sectors."
Al-Kazemi stressed, during the meeting, "the Iraqi government's keenness to provide a healthy environment and appropriate climates for investing companies operating throughout the country."
And Al-Kazemi indicated that "Iraq is planning today to maximize and expand investment opportunities, in light of the country's actual need for investors to enter in many service and sector projects, which would accelerate the Iraqi economy forward and provide more job opportunities for our people."
The Prime Minister, Mustafa Al-Kazemi, on the sidelines of his current visit to Britain, met with the heads of a number of British companies in various fields and sectors.
During the meeting, according to a statement from his office, Al-Furat News Agency received a copy of it, Al-Kazemi stressed, "The Iraqi government's keenness to provide a healthy environment and suitable climates for investing companies operating throughout the country."
And he indicated, "Iraq is planning today to maximize and expand investment opportunities, in light of the country's actual need for investors to enter in many service and sector projects, which would accelerate the Iraqi economy forward and provide more job opportunities for our people."
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 $0. Friday
including $ 0. CASH Friday
ISX Update:
www.isx-iq.net/
Shares Traded: not updated for today
Value Traded: not updated for today
10-22-2020 Newshound Guru Pimpy ...I told you guys a while back...that I wasn't sure why but there was a lot of central banks that were stocking up on the IQD which at the time didn't make no sense...In addition I told you that the BIS oversaw very large currency swap that involved the Iraqi dinar. Also I told you there's a lot of countries that have been making moves recently on the IQD as well. What this means is - I'm not sure. But there are a lot of people moving on IQD. I can't help but think that all these counties and banks are stocking up on IQD then it might be...Iraq becomes somehow a poor man's version of the international reserve currency for whatever this thing is that they're doing...this is just speculation but there's too many moving parts that seem to be going together here...
10-22-2020 Intel Guru Footforward [...since it goes to the forex market, can Iraq update it during a banking holiday or Iraq’s weekend?] yes. I've been told that Iraq can update or change their rate any time they want.
10-22-2020 Newshound Guru MilitiaMan Article: "A member of Parliament Finance sets an expected date for the October salary distribution" Quote: "He emphasized that the government should proceed with its reforms, noting that the Minister of Finance said that the White Paper will be implemented as of January 1, 2021." ...Reforms are a part of the White Papers. What the White papers are yet to have exposed to the masses, is first and prior to any implementation of the White papers, is a rate at which the reforms will be allocated in and to! Yep, prior to the end of year salaries that are yet to be determined Or have yet to be paid is a rate for the last final 4 months of the year...
10-22-2020 Intel Guru MarkZ [via PDK] On the RV front I am still hearing very positive things that lead me to believe we will see this before the end of the month. Lots of chatter…I am also hearing we should have a lot of news by tomorrow morning.
10-22-2020 Intel Guru Bruce ...it feels like we’re saying Sayonara! And we kinda are – at least in our expectation is great for something very proximate to now...could we start Thursday? More likely – we’ll see what happens – It’s a heads up...not calling it - just saying – this is what I am getting...And talking about rates...Dinar and Dong much higher than we all thought – front screen rates – much higher – you will be just fine – So don’t sweat it...it’s going to be wonderful...I believe this is coming to us and we’re ready to move on and get this done – it appears that they are ready...
10-22-2020 Newshound Guru Jeff ...They probably released the most important piece of news today that we've seen this entire year...Article: "Urgent Parliament holds a session next Saturday, completes electoral districts and reads the law on financing the fiscal deficit" ...the borrowing law is needed...they've told us factually in the news that the large deficit within the budget is the reforms...they're saying on Saturday they're going to start the first reading of the fiscal deficit...this is probably the most important news that you've ever seen this entire year...This is huge.
10-22-2020 Intel Guru Footforward Article quotes: “The Iraqi government is working hard to implement financial and administrative reforms, and the reform white paper outlines to overcoming crises and achieves development in various fields.”; "Al-Kadhimi's European Tour which started on October 18 includes London, Paris and Berlin." I believe they are looking for people to invest in Iraq's economy which is about to boom...He's not out begging for a hand out. He's looking for investment in Iraq because they are about to revalue their currency in my opinion...He's doing this so they have deals in place to hit the ground running.
10-22-2020 Intel Guru MarkZ [via PDK] [...is it true Trump is being fined every day the RV is delayed?] I cannot find anything to support that anywhere…i have dug and spoken with contacts at the Hague…I believe it is out of Trump’s control. I was told he signed over his control of the event. I do not believe that is accurate.
Catnip's Corner:
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ARTICLE 1-A (from PM Kadhimi's websit; posted only on Arabic side, not on English side)
Prime Minister Mustafa Al-Kazemi receives the British Foreign Minister at his residence in the British capital London
The Prime Minister, Mr. Mustafa Al-Kazemi, received at his residence in the British capital, London, today, Thursday, the British Foreign Minister, Mr. Dominic Raab.
During the meeting, they discussed the security and political situations in Iraq and the region, and ways to enhance joint cooperation between the two countries in various fields, especially in the economic and security fields.
Mr. Al-Kazemi referred to the Iraqi government's serious endeavor to achieve economic reform, and to make Iraq an attractive environment for investment, through international cooperation with its partners in the world, and stressed that the opportunity is available for British companies to invest in Iraq, and the government's keenness to provide the appropriate conditions for work.
Media Office of the Prime Minister
22-Oct-2020
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ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side)
Prime Minister Mustafa Al-Kazemi meets Prince Charles, the Heir Apparent of Britain, the Prince of Wales, at the Royal Clarence House in London
The Prime Minister, Mustafa Al-Kazemi, met, today, Thursday, Prince Charles, Crown Prince of the United Kingdom, Prince of Wales, at the Royal Clarence House in the British capital, London, as part of his current visit to Britain.
During the meeting, they reviewed bilateral relations between the two countries and means of developing them, as well as developing prospects for cooperation between Iraq and the United Kingdom, in various fields.
The meeting also discussed some initiatives that contribute to enhancing coexistence, community peace and protecting the environment. Some steps in this regard were discussed.
Media Office of the Prime Minister
22-Oct-2020
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ARTICLE 1-C (from PM Kadhimi's website; posted only on Arabic side, not on English side)
Prime Minister Mustafa Al-Kazemi meets with British Prime Minister Boris Johnson in London
The Prime Minister, Mr. Mustafa Al-Kazemi, met today, Thursday, in the British capital, London, British Prime Minister Boris Johnson, as part of his European tour that also included France and Germany.
The meeting discussed issues of common interest, reviewing the overall developments and political and security stances in Iraq and the region, and developing bilateral relations between the two countries in a way that serves peace and local and regional stability.
During the meeting, it was agreed on more cooperation between Baghdad and London, in the field of combating terrorism, and also in the political and economic sphere, in light of the economic challenges that Iraq is facing due to the decline in global oil prices and the repercussions of the Corona pandemic, and moving forward for strategic cooperation between Iraq and the United Kingdom, Includes multiple themes.
Media Office of the Prime Minister
22-Oct-2020
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ARTICLE 2 (from Government of Iraq twitter account)
10-22-2020 around 7:00 am Eastern 10-22-2020 around 2:45 pm Eastern Deputy PM @AliH_Allawi thanked the UK for hosting the meeting, and outlined the strategic goals of Iraq’s White Paper for Economic Reform saying that the support of the IECG will help Iraq to navigate the upcoming challenges. The meeting was co-chaired by Iraq and @WorldBank with the participation of members of Iraq’s Parliamentary Finance Committee, representatives from G7 countries and the IMF who pledged their support for the White Paper for Economic Reform recently adopted by the @IraqiGovt. *************
ARTICLE 3
Al-Kazemi: We seek to achieve economic reform and make Iraq an attractive environment for investment
10/22/2020 19:42 •
[Baghdad-Where]
The Prime Minister, Mr. Mustafa Al-Kazemi, received at his residence in the British capital, London, today, Thursday, the British Foreign Minister, Mr. Dominic Raab.
During the meeting, they discussed the security and political situations in Iraq and the region, and ways to enhance joint cooperation between the two countries in various fields, especially in the economic and security fields.
Mr. Al-Kazemi referred to the Iraqi government's earnest endeavor to achieve economic reform, and to make Iraq an attractive environment for investment, through international cooperation with its partners in the world, and
stressed that the opportunity is available for British companies to invest in Iraq, and the government's keenness to provide appropriate environments for work.
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ARTICLE 4
Al-Kazemi government receives "absolute" support for its white paper
10/22/2020 21:45 •
[Baghdad-Where]
Finance Minister Ali Abdul Amir Allawi announced on Thursday that international organizations and industrialized countries would "absolutely" support the government's economic and financial reform plan known as the "White Paper."
Allawi said in a statement, that "the white paper received absolute support from the industrialized countries and international organizations for the first time," during the tour of Prime Minister Mustafa Al-Kazemi and his accompanying delegation in Europe.
He added that "the international support and welcoming of the White Paper is an achievement of the Ministry of Finance."
Allawi, who is a member of the Iraqi delegation, accompanied Al-Kazemi, said that "international organizations saw that Iraq faces daunting economic challenges overshadowed by the Corona crisis and the drop in oil prices, and that the White Paper is an ambitious program for comprehensive economic reform, strengthening the growth of the private economy and protecting the most vulnerable groups."
He pointed out that "the industrialized countries and international organizations announced their support for the Iraqi government's vision of reform not only to ward off the current crises, but to create permanent economic opportunities for the Iraqi people that meet their aspirations."
A few days ago, the Iraqi government submitted a plan to Parliament with the aim of carrying out financial and economic reforms in the country, in light of the financial crisis that the country has been experiencing since the beginning of this year due to low oil prices.
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ARTICLE 5
Iraqi security forces enter "alert" state
10/22/2020 22:19 •
[Baghdad-Where]
A security source revealed that, starting tomorrow, Friday, the Iraqi security forces entered the state of alert against the background of the expected popular protests next week.
The source said, "The security forces will enter the normal state of alert tomorrow morning, Friday, in preparation for the demonstrations that are scheduled to start next Sunday."
Activists had called for mass protests next Sunday, on the first annual anniversary of the largest wave of protests in Iraq on October 25.
Popular protests began in Iraq a year ago in the capital, Baghdad, and the central and southern provinces of the country with a Shiite majority, and it succeeded in forcing the government of Adel Abdul Mahdi to resign late last year.
The protests were punctuated by bloody acts of violence, as the demonstration grounds turned into an open battlefield between demonstrators on the one hand, security forces, and unknown gunmen and others suspected of being from pro-Iranian Shiite factions on the other hand.
Dozens of activists in the popular movement were also subjected to kidnapping and assassination by unknown gunmen throughout the year of the protests.
According to figures from the government of Prime Minister Mustafa Al-Kazemi, 560 protesters and security personnel died in the protests.
During the formation of his government last May, Al-Kazemi formed a committee to investigate the acts of violence, pledging to bring those involved to justice, but no accused has yet been brought before a court.
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