WOTS MON DEC 7 2020
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1172.4000 |  1221.8000 | 1192.8000 | 1192.5000 | 1192.8000 | 0.3000 | 11:46 |
| USD/VND | 23127.0000 | 23128.0000 | 23126.6400 | 23126.4900 | 23126.5000 | 0.0100 | 21:45 |
| USD/CNY | 6.5374 | 6.5394 | 6.5419 | 6.5306 | 6.5306 | 0.0070 | 05:10 |
| USD/KWD |  0.3041 | 0.3051 | 0.3042 | 0.3041 | 0.3042 | -0.0001 | 04:56 |
| GBP/USD | 1.3256 | 1.3259 | 1.3436 | 1.3224 | 1.3391 | -0.0178 | 05:20 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.4000 | 42097.4000 | 42097.4000 | 0.0000 | 16:00 |
| USD/IDR | 14199.0000 | 14204.0000 | 14218.0000 | 14068.0000 | 14091.0000 | 69.0000 | 05:20 |
Two-Thirds Of Americans Living Paycheck To Paycheck...
Bleak outlook for millions facing aid cutoff...
Robot now making smoothies in WALMART in less than 3 mins...
- Jamba has teamed up with Blendid, a robot smoothie maker, to unveil a Jamba by Blendid kiosk at a Walmart in Dixon, California.
Foreign Minister stresses need to increase banking cooperation between Baghdad and Washington
Foreign Minister Fouad Hussein on Monday stressed the importance of the common relations between Iraq and the United States of America, and the need to improve them in various fields, especially the development of banking relations between the two sides, expressing his aspiration to benefit from the banking experiences of American banks.
Foreign Minister Fouad met with Kimberly Reed, president of the United States Export And Import Bank, on the sidelines of the Manama Dialogue Forum in Bahrain, the Iraqi Foreign Ministry said in a statement.
The statement said that the implementation of the memorandum of understanding between the Bank and the Ministry of Finance signed in 2019, and how to benefit from the amount allocated in the memorandum in the fields of agriculture, investment, trade and others.
The minister invited the bank's president to visit Baghdad to discuss the cooperation between the bank and the Iraqi government.
Negotiations between Iraq and the "International Monetary" to determine the exchange rate of the dinar
The Finance Committee in the House of Representatives revealed that one of the reasons for the delay in sending the budget to Parliament is due to negotiations between the Ministry of Finance and the International Monetary Fund, to determine the exchange rate of the Iraqi dinar ..
The committee revealed that there are opinions to reduce the exchange rate of the Iraqi dinar against the dollar, indicating that this The measure will lead to inflation and negatively affect those with limited income who depend on their salaries ..
The committee's rapporteur, Ahmed Al-Saffar, expressed his hope that the budget bill will arrive in Parliament at the end of this week, or early next week, with a deficit ranging between 40 to 50 percent of The size of public spending .. The committee revealed that there are "job degrees" in the draft law to be awarded to those who deserve it.
Oil Minister: Iraq is on the way to pre-sale to provide financial liquidity
Minister of Oil Ihsan Abdul-Jabbar revealed, today, Monday, that the gas investment project in the fields of Dhi Qar is imminent, confirming that Al-Kazemi provided support for the Basra Gas Company project and all company dues have been paid, while indicating that Iraq is on the way to sale Advance to provide liquidity.
"The government provided support for the IFC loan in favor of the Basra Gas Company, as it was planned to develop Basra gas projects in two phases, to invest 400 million standard cubic feet, which will come into operation in the year 2027," Abdul-Jabbar said in an interview seen by the information.
He added, “With the support of Prime Minister Mustafa Al-Kazemi and Minister of Finance Ali Allawi, all requirements for the success of the project have been provided, and the company's development plan has been amended to 2023, as the first phase will enter the end of 2022, and the second phase during the year 2023, noting that“ The prime minister supervised, a month and a half ago, the operation of the largest gas tower in this project.
Abdul-Jabbar explained, "This file is costly and needs financial support and political stability," noting that "the current government has provided support for the Basra gas project, and the payment of all company dues."
The Minister of Oil announced, "the start of the gas investment project in the Dhi Qar fields during the coming period, as well as the project to develop the fields of Maysan Governorate," stressing "the resumption of work on the Halfaya field project after it stopped due to the Corona epidemic."
He expressed his hope that "a contract for the development of Akkas rights will be concluded during the next six months, with the support of Prime Minister Mustafa Al-Kazemi," stressing that "negotiations on the Akkas field are continuing and have not stopped."
He pointed out that "there is competition that has entered its final stages to develop the Mansouriya gas field in Diyala governorate, and we will announce the winning company in the Mansouriya field project at the end of this year, in addition to discussing the Diyala governorate licensing round, for the purpose of launching it," revealing that "there are efforts to develop an integrated plan for other fields , In cooperation with the winners of these fields.
And he indicated that “ Iraq is on the way to pre-sale to provide financial liquidity,” noting that “for the first time in the history of the Ministry of Oil, this type of sale was offered, as this matter revealed the market’s ability and the extent of customers’ confidence in the ministry, ”stressing that“ the results were good, To win this tender. ”
And he went on, by saying: "The Sumo company received good results, and there is more than one company competing in the tender," explaining that "the initial readings indicate that the price will be the same as the selling price at the time of payment," stressing that "there is no decrease in the value of the exported crude oil."
He stressed that " Iraq is moving towards supporting the refineries, petrochemicals, and gas sectors," noting that "the government is trying to establish a solid base for investing in most gas fields, developing the refining sector, as well as re-reviewing the comprehensive development plan for oil fields, and working to create a balance between the investments that pump To escalate export capacities for producing crude oil with investments being pumped to support the refineries, petrochemicals and gas sectors.
After a five-week climb. Slight drop in oil prices
Oil prices fell slightly on Monday, after maintaining a sustained escalation over the past five weeks, but still close to $50 per barrel.
Brent crude futures were down 25 cents, or 0.51%, at $49.05 a barrel by 0501 GMT, while West Texas Intermediate futures were down 24 cents, or 0.51%, to $46.06 a barrel.
Both benchmark crudes made gains for the fifth week in a row last week.
"The restrictive measures of THE CORONA virus and closures around the world appear to be poised to keep crude oil prices heavy in the short term," said senior market analyst Edward Moya.
Moya said Iran is optimistic that the United States will ease restrictions if they return to the 2015 nuclear deal.
Also affecting prices, U.S. energy companies last week added oil and natural gas rigs for the 11th time in 12 weeks as producers returned to the well board even as most spending cuts this year and next year.
The pressure on oil prices is compounded by the possibility of an increase in Iranian production in three months.
However, the rapid recovery of demand in China and developments in CORONA vaccines have reduced price losses.
America confirms continued cooperation with Iraq
On Sunday, the United States of America affirmed its continued cooperation with the Iraqi people for a secure and stable Iraq.
And the US ambassador to Iraq, Matthew Tueller, expressed, during his meeting with the President of the Iraqi Parliament, Muhammad al-Halbousi, "the commitment of the United States of America to strengthening the partnership and deepening the relationship with the Iraqi people and continuing cooperation for a secure and stable Iraq."
During the meeting, they discussed bilateral relations between the two countries, strengthening cooperation in the security and economic fields, discussing the issue of the displaced, and emphasizing the continuation of support to ensure safe return to their areas, in addition to a number of issues of common interest.
here.
***** Sale date - Tuesday 8/12/2020 and executed today
The currency auction total sales amount $ 185,095,970 .
including $ 19,850,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
12-6-2020 Newshound Guru MilitiaMan Article: "Oil "disturbs" Iraq's 2021 budget: an expected update of the "dinar exchange rate" and amending the numbers to "reduce the financial deficit!" Quote: "to audit it in coordination with a special committee from the Ministry of Finance and the International Monetary Fund to update the Iraqi dinar exchange rate before the end of the fiscal year," EXPECTED... They just told the world openly that they are to update the exchange rate... The shot that was heard around the World!! or WHAT!!
12-6-2020 Intel Guru Delta Article: "the International Monetary Fund to update the exchange rate of the Iraqi dinar before the end of the fiscal year," here we have it boom...NEW EXCHANGE RATE COMING OUT BEFORE END OF THIS YEAR...
12-6-2020 Newshound Guru Breitling There's no reason at all for you not to be happy about this investment. No reason at all. Regardless of whether you wear your politics on your sleeve or not. Whether you're angry or happy or whatever that has nothing to do with what's going on. Just keep that in check. We're human beings. We're fallible. We're very very emotional about everything...the math and the policy that's coming out does not represent your feelings so you're fine...
12-6-2020 Newshound/Intel Guru David M. Witty Iraqi Parliamentary amendment committee fails to make any progress on article 140 of constitution regarding Baghdad-Erbil disputed areas. Some want to remove the article, some want to amend it, & some want to leave it as is.
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