Sunday, November 1, 2020

WOTS FRI OCT 29 2020

 WOTS FRI OCT 29 2020

Exchange rates of the dollar, foreign currencies, oil and minerals in the Iraqi local markets on Friday (October 30, 2020), according to the monitoring of specialists.   

Exchange offices prices:  

The selling price of the dollar - 125,500  

The purchase price of the dollar - 124,500  

approximate  





The Markets:
Asian markets closed down NIK down by 1.52% HSI down by 1.95% SHANG down by 1.475 
THe UK markets are currently trading mixed  up from .11% to .31%  those in the red are down from .03% to .28%
Our futures are currently trading in the red   DOW at 26325 down by .87% 3275 down by .83% NDX 1120 down by 1.23%


Precious Metals:
Gold is green at 1873 Silver is green at 23.43 Copper is green at 305  Platinum is green at 855 
Brent 37 WTi 36

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1185.0000  1195.0000 1191.6000 1191.6000 1191.6000  -0.6000 00:11
 USD/VND  23180.0000  23185.0000 23176.0900 23175.9300 23176.0900  -0.2000 00:11
 USD/CNY  6.6874  6.6894 6.7143 6.6787 6.7140  -0.0270 05:19
 USD/KWD  0.3054  0.3064 0.3056 0.3055 0.3056  -0.0001 04:34
 GBP/USD  1.2944  1.2945 1.2961 1.2899 1.2916  0.0028 05:19
 USD/IRR  42000.0000  42210.0000 43011.9000 43011.9000 43011.9000  -43.1000 04:44
 USD/IDR  14755.0000  14786.0000 14811.0000 14465.0000 14767.0000  -7.0000 05:15

Things in the News;



Iraqi Articles:

Parliamentary Finance reveals a paragraph of the borrowing law that will bankrupt the government

link

The Parliamentary Finance Committee confirmed, on Friday, that it is studying the data on the fiscal deficit law, while indicating that it has addressed the government to withdraw the disability law if it is able to pay salaries.

A member of the committee, MP Abd al-Hadi al-Saadawi, said in a press statement, “The Finance Committee met with the staff of the Ministry of Finance, and asked them for all the data on the fiscal deficit law, because there is a difference between the numbers in the deficit law and the data in the committee,” pointing out that “the Finance Committee I discussed many matters related to the loan. ”

Al-Saadawi added that “the committee sent a letter and addressed the government regarding paying employees’ salaries without the need for a loan in light of the statements of the government’s spokesman, in which he indicated that the government has solutions to pay the salaries of state employees, ”noting that“ the committee addressed the government to withdraw the fiscal deficit law. If it is able to pay employees' salaries with options other than borrowing.

He pointed out that "according to the figures in the borrowing law, it will lead to bankruptcy of the government in the future."

The first visit by an official of this level .. The Egyptian prime minister will visit Iraq tomorrow

link

 Egyptian Prime Minister Mustafa Madbouly will head to the Iraqi capital, Baghdad, tomorrow, Saturday, in the first official visit by an Egyptian official at this level since the US invasion of Iraq in 2003.

Mustafa Al-Kazemi, with his Egyptian counterpart Mustafa Madbouly, presides over the final work of the joint higher committee between the two countries, which began its work last Wednesday

 

The ministerial preparatory session, headed by the Egyptian Minister of International Cooperation Rania Al-Mashat, and the Iraqi Minister of Trade Alaa Al-Jabouri, will start in Baghdad on Friday, in preparation for the final work of the Supreme Committee headed by the prime ministers of the two countries tomorrow, according to a statement by the Egyptian Ministry of International Cooperation.

Egyptian media reported that Madbouly and Al-Kazemi will witness the signing of a number of agreements in the fields of health, transportation and housing, in light of a common desire to enhance cooperation and integration between the two countries, in addition to Jordan, which has joined the tripartite integration consultations, amid an Iraqi desire for the participation of Egyptian companies in the reconstruction process. While Cairo seeks to ensure the continued flow of Basra oil to Egypt.

Among the files that will receive a wide discussion is the electrical interconnection file, as Egypt is one of the largest producing countries of electricity in the region, with an estimated surplus of 50 percent, while Iraq suffers a stifling electricity crisis, as Cairo seeks to raise the capabilities of the electrical interconnection line with Jordan, which entered Service in 1999, in order to increase its ability to export electricity 


A parliamentary committee asks the Minister of Commerce about `` fake '' (companies that transfer hard currency outside Iraq (document 

link

The head of the Committee to Monitor the Implementation of the Governmental Program and Strategic Planning, Hazem Al-Khalidi, addressed a parliamentary question to the Minister of Trade, about the existence of fake companies .working to harm the Iraqi economy by transferring hard currency abroad Got (Baghdad today), a close question details and observations about the work of companies, as stated, that, appears based on the text of Article ( 91 / VII / a) of the Constitution, and materials ( 15) and ( 27 / II) and ( 29) From the House of Representatives Law No. (12 ) for the year 2013 , and Article (50) of the House of Representatives internal system, please provide us with the activities of the company registration department and answer the following .question Among the tasks of the Companies Registration Department is to verify and monitor the existence of a real company or branch of a foreign company and issue import licenses for companies operating inside the Iraqi territories, but after 2009 , it was noticed that there were many fictitious currency exchange companies that harm the national economy and convert hard currency outside Iraq?

Have these phantom companies and their names been diagnosed? What are ?the ministers' procedures regarding it

 

Actual text from the letter:

 To the Ministry of Trade / Minister's Office.  What is the request of Parliament, our committee gives you its best regards. 

Based on the text of Article (61) Seventh / A) of the Constitution, and Articles (10), (2/2) and (2) of the House of Representatives Law No. (12) of 2013, and Article (50) of the House of Representatives bylaws, please provide us with 

In the activities of the company registration department and answering the following question: One of the tasks of the Companies Registration Department is to ensure and monitor the existence of a real company or branch of a foreign company and issue import licenses for companies operating inside the Iraqi territories, but after 2008, it was noticed that there were many fictitious currency exchange companies that harm the national economy and convert hard currency  Out of Iraq?  Have these phantom companies and their names been diagnosed?  What are the Ministry’s procedures regarding it? 

With appreciation Parliament, 


Hyundai signs a deal of about two billion dollars with Iraq

link

Hyundai Engineering and Construction Company, the main construction company in South Korea, announced today, Friday, that it concluded a deal worth $ 1.99 billion to build a waste recycling facility in Basra Governorate.

The South Korean construction company said it had signed the contract with the state-run Basra Oil Company to build the facility.
The waste upgrade facility produces high-value chemical products, such as propylene and gasoline, using residues left over after refining the crude oil.
Hyundai Engineering and Construction said it would start building the facility in January to complete it by July 2025.
It indicated that the deal represented 11.7% of the company's revenue last year.

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. holiday

  including   $ 0. CASH holiday

ISX Update:   

www.isx-iq.net/

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

https://www.dinarguru.com/
10-29-2020   Intel Guru Frank26   ...Wow wow wow wow...they are about to show IMO that Iraqi dinar the new currency to the Iraqi citizens and the exchange rate.  And it's pretty obvious that's what's going on.  There's not denial from one of the experts that was involved with the monetary reform - Salam Sumaisem...
 
10-29-2020   Intel Guru MarkZ   [via PDK]   So there is no money movement anywhere and my banking contacts are heading home because they do not want to travel next week in case there is unrest.  I am just hopeful that during this confusion  while everyone is throwing in the towel for a week or two…that this would be the perfect time to pull it off. I am hopeful we will get a surprise…no one knows the timing...the folks in Iraq are still extremely positive that we are in the end days of this RV. So hang tight and don’t let this discourage you. It is still a “when” not an “if”...now would be a good time to do it…when people least expect it…

12-29-2020  Newshound Guru Adam Montana  Iraq is moving at a brisk pace right now. We are seeing things we have never seen before. They are accomplishing things that many said would never happen.  I think they are going to shock the world soon.

10-29-2020  Newshound Guru Militiaman  Video "A video of the Central Bank of counting and sorting the Iraqi currency and destroying it"  Why destroy currency if the new currency wasn't to be worth more? You don't. They already printed new small category notes that will need to be covered by value. imo. Hence they are still sorting and even destroying the old or future obsolete notes. New notes to coincide with the old are already in print, the rate to establish the foundation of future trading globally is at hand...IMO ~ MM

10-29-2020  Newshound Guru Jeff  ...you're not going to see the second reading of the borrowing law this week.  The earliest or soonest you will see it is next week...What does that mean?  It's gonna take them about 45 days to get the law done....they're probably not going to complete it till around November 14th.  That's just the borrowing law...the rate can't change until the borrowing law is done and the #1 thing we care about right now is simply the borrowing law.  We don't care about anything else in the news right now.  Just the borrowing law.  The budget will come after the rate change...

10-29-2020  Newshound Guru Pimpy  Let me touch on these rumors going around...with anything that we do you're gonna have some people that think one way and some people who think another way...a youtuber is claiming there's not going to be any change with the Iraqi dinar.  That's fine...this person is only expressing their opinion.  This isn't set in any kind of evidence...There's nothing wrong with individuals expressing their opinion...nobody knows what going on with the Iraqi dinar...there's no doubt whatsoever that the Iraqi dinar exchange rate is too low.  We know this...over the last month a lot of talk about the exchange rate.  Both positive and negative...listen to all the different opinions...listen to the information and you filter through what you feel is BS and what is the truth...everything is speculation...

10-29-2020  Newshound/Intel Guru Frank26  Article "A 'knockout' blow to the Iraqi dinar: currency printing in exchange for the end of the financial crisis ...  What will Iraq do about 'international conditions'?"  ...Oh my goodness the Iraqi dinar got punched in the stomach.  No...the translation is incorrect.  The Iraqi dinar isn't being knocked out.  The Iraqi dinar is being knocked out of Iraq into the international community...the Fab 4 are the ones that call the shots.  They are the ones that tell the Central Bank of Iraq what to do with their currency in a sense of a monetary reform.  The monetary reform...has told you that the new small category notes have already been printed.  For what reason? Quote "For the end of our financial crisis." ...In other words the monetary reform of the Iraqi dinar to add value to it under the supervision of the Fab 4...

10-29-2020   Intel Guru MarkZ   [via PDK]   [...Dong not until maybe next year...Thoughts MarkZ?] Vietnam holds many dinar in their foreign currency reserves. Iraq holds a lot of Vietnamese Dong in their foreign currency reserves. If they allow them to go (revalue) at separate times by basic accounting it would create more problems then it would fix.  I do not look for them to go seperetely…but if it does…our community who is very wealthy could double down and triple down buying currency…we could do a lot for humanity.



Catnip's Corner:
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ARTICLE 1 (from PM Kadhimi's website)

At the time this report was submitted, there are no new articles posted on PM Kadmini's website.

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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

Foreign Minister to his Dutch counterpart: The government has plans to hold early parliamentary elections

 10/28/2020 12:13 • 

[Baghdad-Where]
Foreign Minister Fuad Hussein confirmed, Wednesday, to his Dutch counterpart that the Iraqi government has plans to hold early parliamentary elections.
A statement by the ministry stated, "Foreign Minister Fuad Hussein met with his Dutch counterpart Steve Block and a number of officials and diplomats, in The Hague, and discussed ways to strengthen bilateral cooperation between the two countries, and in the interest of the two friendly peoples."
During the meeting, the minister thanked his Dutch counterpart for "the invitation, and gave a brief presentation of the developments in the situation in Iraq, and the government's efforts to address the many challenges, including those related to the Corona pandemic and its economic repercussions that contributed to lower oil prices."
"The government has plans to hold early parliamentary elections, reform the economic system, and fulfill the demands of the demonstrators," he stressed, praising the support provided by the Dutch side to Iraq in confronting the terrorist entity (ISIS) within the framework of the international coalition.
He pointed out, "the importance of continuing support and training of Dutch experts for the Iraqi forces, and strengthening economic, scientific and cultural cooperation."
For his part, Steve Block thanked Minister Fuad Hussain for accepting the invitation, expressing the Dutch government's aspiration to "strengthen cooperation with Iraqi institutions, especially on priority issues for the two countries in the sectors of energy, agriculture, water, and education, which will positively affect job creation." And achieving development in Iraq. "
According to the statement, the two ministers touched on a number of regional and international issues of common concern, stressing the need to work to end conflicts and achieve calm in the region, and to avoid escalation that will not serve any party.
The statement stated, "Iraqi Ambassador Hisham Al-Alawi and a number of diplomatic staff at the embassy attended the meeting, and the Iraqi ambassador praised, on his part, the support provided by the Dutch Ministry of Foreign Affairs for the training of diplomatic cadres at the Iraqi Ministry of Foreign Affairs through special courses organized by the Clinical Institute for International Relations in The Hague, as well as The positive contribution of Dutch companies operating in Iraq, especially the Shell Company, operating in the field of gas investment associated with crude oil extraction operations in a number of southern oil fields, which works in partnership with the "Basra Gas Company"; as well as the Boskalis Company, which obtained On a contract from the Iraqi Ministry of Oil to establish an artificial island in the Iraqi territorial waters in the Gulf to increase the treasury and export capabilities of Iraqi oil, stressing that the coming period will witness growth in bilateral cooperation, especially in the sectors of agriculture, water and higher education.

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ARTICLE 4

Al-Zarkouchi: Tourism has returned to Lake Hamrin, and the crowd made a miracle

10/29/2020 20:21 • 
[Diyala_en]
A government official in Diyala confirmed, on Thursday, the return of what he called family tourism to the banks of Lake Hamrin, in the northeast of the province.
The director of the Saadia district (64 km northeast of Baquba) Ahmed Al-Zarkouchi said that “despite the Corona pandemic that has been going on for 8 months, what we call family tourism has returned again to the banks of Lake Hamrin, and the numbers have increased, especially in recent weeks.”

Al-Zarkouchi added, “Families visiting the banks of Lake Hamrin was a dream in recent years because of the security difficulties, but the popular crowd made a miracle by securing it and preventing any violations, even though it has a very complex terrain, pointing out that Hamrin Lake or has recorded any violations two years ago and this is what Paying families to visit it. "

Al-Zarkushi pointed out that "there are strenuous efforts being made to announce more than one investment license to build tourist complexes in the vicinity of Lake Hamrin, as it is a pioneering opportunity in the tourism sector, and there are many companies and investors ready to undertake an investment experience in the vicinity of Lake Hamrin."

Hamrin is the largest reservoir in Diyala, which for years was a hotbed of terrorism, but the situation changed after the Popular Mobilization Forces took over the task of directly supervising its security.

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ARTICLE 5

Far from the mouse and keyboard ... a terrifying innovation in computer use

10/29/2020 20:15 
[Mtabah_aan]
team succeeded Australian joint research from the University of Melbourne and Monash University Hospital and the Royal Melbourne Institute Florey Neuroscience, Inc. Synchron biomedical blood vessels in the creation of neural technology allows its user using the computer through his brain.
According to the Financial Review, an economic news site, the research team has designed a small wireless Bluetooth stent with small electrodes, which are implanted through a blood vessel and sent to the part of the brain responsible for movement (the motor cortex) without open brain surgery.
Over time, the stent is absorbed naturally into the walls of the blood vessels, just as the skin absorbs a tattoo.
The technology allows its user to perform the function of a mouse and keyboard, through his brain, to navigate the cursor of a computer, and to carry out daily tasks such as sending e-mails, conducting banking transactions and shopping online, as this is done by tracking the movement of his vision with the power of his direct thinking.
The technology works by communicating between the computer and the brain, by sending electrical signals from the brain to a removable internal antenna system, which is installed directly under the skin in the chest area, which in turn feeds these signals to the computer to carry out the tasks.
The technique takes a while to perfect its use, while it takes up to two hours to implant it, using Neuro-Interventional Radiology.
And it was successfully implanted on two men afflicted with motor neuron disease, as they could not move their arms, and they succeeded in controlling their computers using their brains and bluetooth technology, while they were in their home and without supervision.
For his part, the principal investigator in the experiment, Professor Peter Mitchell, said: “In each operation for implantation of the stent for both men, there were differences according to the analysis of the anatomy of each of them, but in both cases the two patients were able to leave the hospital after a few days.”
The researchers published the results of their experiment in the Journal of NeuroInterventional Surgery, in which they described the technology as “a bluetooth out of the brain”.
The Australian researchers' technology advances the American neurotechnology company, Neuralink, which was founded by Elon Musk, CEO of SpaceX for space exploration technologies, where she recently implanted a small electronic chip in a pig's brain, describing it as a “Fitbit wearable device in the skull”.
The new technology differs from the infrared light technology, which read muscle spasms in the cheek of the late British physicist Stephen Hawking, and transmitted them as individual signals to a computer, choosing one letter at a time to translate the signals, while the new technology can send a large number of signals.

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