WOTS TUES OCT 13 2020
Exchange rates of the dollar, foreign currencies, and gold in the local markets, according to experts' observations on Tuesday (October 13, 2020).
Exchange office prices:
The selling price of the dollar: 124,250
Dollar purchase price: 123,250
approximate
Our futures are currently trading mixed DOW a 28663 down by .47% SNP at 3528 down by .11% NDX at 12228 is up by 1.08%
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1168.1000 |  1218.9000 | 1192.9000 | 1192.9000 | 1192.9000 | 1.1000 | 06:10 |
| USD/VND | 23177.0000 | 23178.0000 | 23178.3500 | 23177.7300 | 23178.3500 | -0.7300 | 00:18 |
| USD/CNY |  6.7339 | 6.7359 | 6.7588 | 6.7327 | 6.7459 | -0.0121 | 05:14 |
| USD/KWD | 0.3054 | 0.3064 | 0.3055 | 0.3054 | 0.3055 | -0.0003 | 05:04 |
| GBP/USD | 1.3052 | 1.3054 | 1.3068 | 1.3015 | 1.3064 | -0.0012 | 05:18 |
| USD/IRR | 42000.0000 | 42210.0000 | 43011.9000 | 43011.9000 | 43011.9000 | -43.1000 | 04:44 |
| USD/IDR | 14766.0000 | 14769.0000 | 14784.0000 | 14481.0000 | 14707.0000 | 59.0000 | 05:16 |
Determining the price of Basra crude for the next month
Thus, Iraq would have kept prices unchanged compared to the previous month, according to a pricing document and according to what we received by "Reuters".
And the price of Basra heavy crude to Asia for next November was set at 15 cents a barrel, below the Oman / Dubai offered prices.
A proposal to manage the region’s oil with Baghdad and reformulate the national company law
Announced Abdul - Jabbar, in a press statement on the "Proposal for the establishment of an oil company in the Kurdistan region to manage the operations of extraction and export in the fields of the region, technically linked and administratively under the chairmanship of the region and the Federal Ministry of Oil, according to the project to reach a final agreement between the federal government and the region similar to the oil companies operating in the governorates produced.
Revealed Minister of Oil, on the positive understandings between the central government and the Kurdistan region regarding the production and export of oil produced in the fields of the region within the ongoing negotiations between the two parties, and related to the oil policy in the region in accordance with the constitution in effect and the interests of all the Iraqi people.
Abdul-Jabbar said: “We believe that the region - according to the data on reality - has positive moves to resolve the points of separation and dispute over the nature of the management points of the oil fields in the region, and the quantities of crude oil exported to global markets,” indicating the emergence of positive indications that were evident during the talks with Kurdistan, she confirmed The existence of new visions and ideas for the region to manage the oil fields with the federal government. ”
After the appeals submitted by the Federal Court, the Central Bank and oil experts, Law No. 4 of 2018 regarding the establishment of the" Iraqi National Oil Company ", which was voted by the House of Representatives in its previous session, here is a draft The law goes back to the parliament once again after making amendments to it by the cabinet, to vote on it again after reading it by the Parliamentary Oil and Energy Committee.
The draft law of the National Oil Company, "the amended version," arrived in the House of Representatives last week, after the Parliamentary Oil Committee demanded to send it more than four times during the government of Adel Abdul Mahdi, and during the current government of Mustafa Al-Kazemi.
Head of the Parliamentary Oil and Energy Committee, Haybat Al-Halbousi, said in a press statement, "This law is approved from the previous session, but some of its provisions were objected to by the Federal Court, so it was suspended, and some of the items that were objected have now been amended, and the law is currently in The Parliamentary Oil and Energy Committee for discussion and presented to the House of Representatives for a vote.
Al-Halbousi stressed that "this law is one of the important laws, so we are going to make (the Iraqi National Oil Company) a global company such as (Aramco) and major international companies."
He noted, "This company (if its law is approved) will be joined by some extractive companies, and it is about nine companies, separated from the (oil) Ministry in its management, and its management is independent from the ministry, and the companies are North Oil, Basra Oil, Central Oil and some extractive companies. The other, and the general manager responsible for it is at the rank of a minister, and there is an executive director in addition to two deputies and an administrative body. Therefore, we aspire for this company to be the backbone of oil imports in Iraq. "
It seems that the great controversy caused by the law when it appeared and voted on in Parliament in an "unprecedented speed" in 2018 will return again when it is presented to the vote again.
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 $ 186,150,000.
including $20,150,000. CASH Friday
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
10-12-2020 Newshound Guru MilitiaMan To enhance the exchange rate (mechanism) will create the environment for the Iraq country to go into the market economy where they can be competitive through secondary markets. ...Did they raise the rate (mechanism) and not tell us yet or did they just within what is in the above and below past tense data? Starting to look that way...imo They have the money to pay all four months without borrowing because they have raised the rate? Lets see what the White Papers have to say... The citizens were shown conceptual notes, did they not on the day they said the first step of reforms began on 10/05/2020? They did...imo! [post 2 of 2]
10-12-2020 Newshound Guru MilitiaMan Article: "In the document ... important figures in the law on financing the fiscal deficit that reached Parliament today" What I find interesting is they speak of 4 months salaries. They haven't paid the salaries for September, yet. That is very interesting, as they told us they would. Why have they not? Well, imo the rate at which they get paid and in an equivalency is in need. They had to make amendments to the budget law. By not paying the last four months, shows they have an intention to pay but, with an amended budget law for 2020. A substitutive. I'll bet the White Papers know full well what the substitute is and they are to be out Tuesday the 13th. It enhances the government revenues to fulfill it's obligations to the citizens. [post 1 of 2....stay tuned]
10-12-2020 Newshound Guru Breitling ...I'm not telling anybody what to do...[What would you do?] I'm getting out. I'm going to exchange [when it revalues] and I'm going to get out...
10-12-2020 Intel Guru MarkZ [via PDK] [Anything new on rates?] still hearing street rates on the dinar are $3.70-$3.80. with contract rates around $8. We did start to see chatter about a $15-$1 rate coming out of Iraq. Guess we will see soon whether that is true or not. Still hearing the same rate on the dong that the contract rate will be the low $2 range…Remember these are all just rumors until we get there.
10-12-2020 Intel Guru MarkZ [via PDK] The vote on the “White papers” is supposed to happen tomorrow in Iraq. It should give us the value once it passes…..so all eyes are on Iraq tomorrow as it appears everyone is now in position to move... it’s going to be an interesting week. So hang on and cross your fingers and say your prayers.
10-12-2020 Intel Guru RayRen98 Even though today is a holiday, some bank exchange locations are being manned...just in case...I guess? The CBI governor and the Finance Minister had a meeting today and agreed to send the White Papers with the economic reforms to Parliament on Tuesday.
10-12-2020 Newshound/Intel Guru Mnt Goat Article: "AL-KAZEMI GOVERNMENT SUCCEEDS IN CONVINCING THE EUROPEAN UNION TO REMOVE IRAQ FROM THE LIST OF HIGH-RISK COUNTRIES IN THE FIELD OF MONEY LAUNDERING" This timing is perfect as they told us mid-October this might be finalized. So, I am told the US is next and may relieve Iraq from OFAC monetary sanctions as a result. Remember it is OFAC Sanctions that is limiting us from exchanging at the banks. Let’s wait and see what happens next.
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