WOTS THU DEC 16 2020
The exchange rates of the US dollar recorded a new high, on the main stock exchange and local markets, today, Thursday, December 17, 2020.The exchange rates on the Kifah Stock Exchange reached 137,000 dinars for every 100 dollars, after it recorded 129,500 dinars per 100 dollars on Wednesday.
As for the exchange rates in companies, exchange offices and local markets, they were recorded:
The selling price: 138,000 dinars per 100 dollars.
Purchase price: 136,000 dinars per $ 100
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1167.5000 |  1216.7000 | 1193.0000 | 1191.5000 | 1193.0000 | -0.6000 | 14:44 |
| USD/VND | 23120.0000 | 23140.0000 | 23113.9900 | 23110.4800 | 23110.4800 | 4.4800 | 00:36 |
| USD/CNY |  6.5328 | 6.5348 | 6.5387 | 6.5285 | 6.5312 | 0.0009 | 05:24 |
| USD/KWD | 0.3038 | 0.3048 | 0.3045 | 0.3040 | 0.3045 | -0.0005 | 05:04 |
| GBP/USD | 1.3612 | 1.3613 | 1.3616 | 1.3490 | 1.3508 | 0.0104 | 05:25 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.4000 | 42097.4000 | 42097.4000 | 0.0000 | 16:00 |
| USD/IDR | 14122.0000 | 14125.0000 | 14137.0000 | 14063.0000 | 14101.0000 | 24.0000 | 05:23 |
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Oil prices exceed $ 50 a barrel
Oil prices hit a nine-month high, early Thursday, after US government data showed that crude stocks fell last week, amid optimism about the coronavirus relief package in the United States.
Thursday, Brent crude futures rose 28 cents, or 0.6 percent, to $ 51.36 a barrel, while US West Texas Intermediate crude futures rose 27 cents, bringing the price a barrel to $ 48.09.
Both measures reached their highest levels since early March.
The Energy Information Administration said that US crude stocks exceeded the expectations of analysts who had predicted a decline of 1.9 million barrels, after the stockpiles rose in data last week.
Analysts told Reuters that production also fell, for the first time since late October.
The Energy Information Administration said the operation of crude oil refineries fell by 253,000 barrels per day last week.
Refinery utilization rates decreased by 0.8 percentage points in the week.
To boost oil prices as well, the Federal Reserve said, Wednesday, that it will stick to its low interest rate policy as lawmakers close to agreeing on an additional $ 900 billion in government aid in the midst of the coronavirus pandemic, including $ 600 to $ 700 in stimulus checks and extended unemployment benefits. .
On Thursday, the United States expanded its campaign to provide Corona vaccines on the front lines facing the epidemic that killed more than 2,500 Americans daily, and this also contributed to supporting oil prices.
Trillions of dinars printed secretly to pay salaries
The Parliamentary Finance Committee revealed that the Iraqi government secretly printed trillions of dinars to pay the salaries of employees, which has serious repercussions on the value of the Iraqi currency.
A member of the Finance Committee of the Iraqi Council of Representatives, Jamal Cougar, said that since the middle of the year 2020 until now, the Iraqi government has submitted twice a borrowing bill to the House of Representatives, and the Council approved them.
Cougar added in a statement to Yaqeen Agency that securing most of these loans, according to what the government announced, by issuing financial bonds and selling them to the Central Bank, requires that the central bank's reserve is currently much less than it was before mid-2020, but this reserve has not decreased.
Cougar explained that by analyzing this, it becomes clear to us that the Iraqi federal government has secretly printed tens of trillions of Iraqi dinars to pay salaries and cover expenses that have been approved under the law on borrowing, which constitutes a great danger to the value of the Iraqi currency.
Saleh calls for a comprehensive agreement between Baghdad and Erbil to solve the salary crisis in Kurdistan
The President of the Republic, Barham Salih, called, on Thursday, for a comprehensive agreement between the governments of Baghdad and Erbil that would lead to a solution to the salary crisis in the Kurdistan region
A statement by the Media Office of the Presidency of the Republic, Alsumaria News received a copy of, said, “The President of the Republic, Barham Salih, received in Baghdad a number of demonstrators, professors and teachers from the Kurdistan region, during which they discussed issues related to salaries and daily living conditions for employees, teachers and professors, and the problems facing the sector. Educational and pedagogical for the current academic year
According to the statement, Saleh touched on "the importance of the role of teachers and teachers in upbringing and building an informed and sober society," stressing his full support for "the legitimate demands of professors and employees in the region similar to their peers throughout the country, stressing that the salary crisis and the provision of daily living requirements for citizens need a radical and urgent solution." And within the framework of the constitution. "
Saleh pointed out that "securing financial dues needs to consolidate the principle of justice for all components of the Iraqi people, especially in the budget law and addressing the financial deficit, provided that it is acceptable to all citizens without any discrimination between them.
The president pointed out that "the reasons for the emergence and continuation of these crises and problems and their exacerbation are, in essence, linked to the need to implement the constitution, and work to combat corruption and abuse of public funds, as the developments of low oil prices and the emergence of the Corona pandemic affected.
The President of the Republic indicated that "overcoming this difficult stage and its problems depends on a real reform process on the ground, as it is a fundamental pillar for finding a final solution to the suffering and problems of all citizens in the country and the Kurdistan region.
Saleh stressed the need for "the parties participating in the government to work seriously and as quickly as possible to find radical solutions to the crises in order to meet the citizens' demands, pointing to the necessity of reform and a comprehensive and radical agreement in accordance with the constitution between the region and the federal government to solve the financial crisis with regard to salaries and the region’s dues in order to save life." Free and generous citizens.
including $ 0. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
12-16-2020 Newshound Guru Jeff Article: "Parliament clarifies the fact that the government entered into negotiations with the International Monetary system to reduce the price of the dinar" ...Quite a few articles coming out telling us that Iraq wants to launch and boost their economy. They want to improve their exchange rate...this article is telling you that all of those statements talking about devaluing the Iraqi dinar are complete BS unless it is stated directly from or by the Central Bank of Iraq...they're telling you they do not have intention of devaluing their currency...
12-16-2020 Newshound/Intel Guru Petra We are down to a very short amount of time based on the IMF's statements from 2 weeks ago. We've got the BIS waiting to invest in the reserves of the Iraq Central Bank...we've go the UST. We've got IMF. The Central Bank. Everybody is ready to go.
12-16-2020 Newshound Guru Adam Montana Quote: "confirmed that the President of the Kurdistan region, Nechirvan Barzani, will visit Baghdad soon to sign a comprehensive oil agreement between the governments of Baghdad and Erbil." Basically, everything we have been witnessing - the increased cooperation between parties. Continued stability of the GOI. Elevated confidence in Iraq from the PTB all over the world. EVERYTHING we are seeing is pointing to HCL, a new Iraq, and an RV. Don't count your chickens just yet, but this is getting REAL. GO RRRVVVV! [post 2 of 2]
12-16-2020 Newshound Guru Adam Montana The writing on the wall is about as clear as it can be...follow along and enjoy! Article: "A Kurdish bloc reveals the fact that Baghdad and Erbil are close to signing a comprehensive oil agreement" ...this is HCL. Quote: "...delaying solutions delays the completion of the 2021 budget law." Are we reading that they want the HCL to pass with or prior to the Budget? It sounds that way! Quote: "the agreement will be included in the general budget law for next year." There we have it, kids! Quote: "the two parties announce within the next two days their new agreement regarding the export of oil and the delivery of customs revenues to the federal government." This would be today. [post 1 of 2...stay tuned]
12-16-2020 Intel Guru MarkZ [via PDK] On the RV front...I have seen no movement. There are still a number of people in place with great expectations of having something done before the 21st. No news out of Iraq…they are still in a holding pattern. Seems like the whole world is in a holding pattern waiting for the shoe to drop...
12-16-2020 Intel Guru Footforward Article: "Dinar value falls as Iraq contemplates currency devaluation" ...we have been waiting at least 7 years for that specific article. And I think it's fantastic...some of us have expected this from Iraq before the rv for a long time.
12-16-2020 Newshound Guru Pimpy Article: "Rapid decline of the Iraqi currency ... 132,000 dinars against 100 US dollars" Is it going in the wrong direction at the moment? Yes it is at the moment. Just at the moment. This isn't the official exchange rate. This is what's going on there internally...they're hearing rumors that they're going to devalue the dinar...I see the rumors going back and forth on whether the dinar is going to devalue or if it's going to increase in value. I'm watching it. As soon as I hear anything official we'll bring that on out.
12-16-2020 Newshound/Intel Guru Petra Article quote: "the exchange rate has reasons and obligations that have decided by the central bank." ...Their words not ours...watch the CBI...it's coming...
12-16-2020 Newshound/Intel Guru Mnt Goat Everything is still on track for early Jan 2021 reinstatement. It is mid-December already and so we should witness the project to delete the zeros sooner than later. Remember that the CBI would like to have 1 to 2 weeks prior to the reinstatement in order to monitor for inflation and make corrections if needed. So we are still moving in the right direction and that is what matters...
The Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi.
The Minister of Health presented a briefing on the latest Covid-19 related developments which highlighted the reduction in the mortality rate, which now stands at 2.2%.
The Cabinet issued directives to support the Ministry of Health’s efforts to purchase the Coronavirus vaccine.
Following discussions, the Cabinet decided to:
- Approve the renewal of the contract to drill three new directional (non-vertical) oil wells in the east Baghdad oil field
- Approve the completion of the international access gateways project (IGW) for internet services. This strategic project will enhance Iraq’s data security and contribute to addressing the issue of the smuggling of internet capacity out of the country
- Authorise the Minister of Planning to negotiate and sign a draft agreement on double taxation and tax evasion between Iraq and Turkey
To discuss the law of financing the fiscal deficit .. The Kurdish delegation headed by Talabani arrives in parliament
Salih stresses the necessity to reject everything that could provoke division and disagreement
Iraq and Kuwait affirm the strengthening of relations and the continuation of coordination and cooperation
Sweden confirms its desire and readiness for fruitful cooperation with Iraq
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