WOTS THU JAN 14 21
These are the articles I referenced in the podcast: https://anchor.fm/dashboard/episode/eovtnk
Parliament keeps the debate on the draft budget open and sets a date for its holding
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The Iraqi Council of Representatives announced, Thursday (January 14, 2021), the continuation of the session to discuss the draft budget law for 2021.
The media department of the council said in a brief statement received (Baghdad Today): “The session to discuss the federal budget 2021 will continue on Saturday 1/16/2021, at three in the afternoon.”
Parliamentary law for the Euphrates News: An agreement to postpone the elections until after September Urgent
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The Parliamentary Legal Committee revealed, on Thursday evening, an agreement to postpone the elections until after next September.
A member of the committee, Salim Hamza, told Al-Furat News, "an agreement has taken place between the three presidencies and the Independent High Electoral Commission to postpone the elections until after next September, but it has not been officially announced yet."
He explained, "The meeting of the three presidencies, in the presence of the commission, which was held two days ago, was to confirm its ability to run in the elections on the announced date (June 6, 2021).
The commission was given 48 hours to respond, after which it was agreed that the commission would not be able to hold the elections on the specified date.
The Iraqi parliament moves to change the price of oil in the budget
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Today, Thursday, the Parliamentary Finance Committee revealed a parliamentary move to change the price of a barrel of oil in the Iraqi state budget bill in 2021.
Committee member Shirwan Mirza told Shafaq News, “The price of a barrel of oil specified in the draft budget law is $ 42 and has not changed yet, at the same time global prices exceed $ 55 per barrel of oil.
He added that “there is a move by the Parliamentary Finance Committee to change the price of oil in a way that helps reduce the fiscal deficit in the draft budget.”
On December 21, 2020, the Iraqi Council of Ministers approved the country’s fiscal budget for 2021 and sent it to Parliament for discussion and voting.
According to the draft budget, the value of the budget amounts to 91 trillion and 790 billion, 155 million and 429 dinars, with a deficit of more than 58 trillion.
The budget estimated, according to the draft, the price of a barrel of oil on the basis of the price of 42 dollars a barrel, and an export rate of 3 million and 250 thousand barrels per day, including 250 thousand barrels exported from the Kurdistan region.
The budget also estimated the exchange rate of the dinar at 1450 per dollar, according to what was announced by the Central Bank, while the region’s share of it was determined at about 12 percent.
The exchange rates of the dollar, foreign currencies, gold and oil in the markets and provinces and the Iraqi Stock Exchange for Thursday 01-14-2021.
The price of the dollar in Iraq today 1/14/2021
The price of the dollar in Baghdad - the struggle stock exchange
143,700
Price in exchange (approximate)
143,250
144,250
Dollar prices in the Iraqi provinces today, Thursday, January 14, 2021
Sulaymaniyah / Stock Exchange
143,700
Basra / Stock Exchange
143,600
Mosul / total
143,700
Erbil / Stock Exchange
143,650
Najaf / Bursa
143,750
Diyala / sentence of
143,900
The Markets:
Asian markets closed mixed NIK up .85% HSI up by .93% SHANG down by .91%
UK markets are currently trading mostly in the green from .01% to .64% one in the red at .09%
Our futures are currently trading mixed the DOW at 31024 up by .21% SNP at 3805 up by .03% NDX at 12932 down by .30%
Precious Metals:
Gold is red at 1839 Silver is red at 25.23 Copper is green at 363 Platinum is green at 1110
Brent 55 WTi 52
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|
| USD/IQD |  1434.9000 |  1484.2000 | 1456.5000 | 1456.5000 | 1456.5000 | -1.7000 | 00:18 |
| USD/VND | 23064.0000 | 23065.0000 | 23052.7300 | 23052.7300 | 23052.7300 | 0.8800 | 00:18 |
| USD/CNY | 6.4625 | 6.4645 | 6.4740 | 6.4614 | 6.4671 | -0.0047 | 05:29 |
| USD/KWD |  0.3027 | 0.3037 | 0.3029 | 0.3028 | 0.3029 | -0.0002 | 05:28 |
| GBP/USD | 1.3645 | 1.3646 | 1.3680 | 1.3616 | 1.3636 | 0.0008 | 05:30 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | -914.4000 | 07:13 |
| USD/IDR | 14028.0000 | 14040.0000 | 14117.0000 | 13997.0000 | 14078.0000 | -58.0000 | 05:30 |
Things in the News:
Iraqi Articles:
International Monetary Fund: Iraq has witnessed progress in recent years to disclose budget and fiscal information
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The International Monetary Fund announced that Iraq has witnessed progress in recent years to make room for access to budget and fiscal information.
The Director of the Middle East and Central Asia Department at the International Monetary Fund, Jihad Azour, said in an article published by Al-Sharq Al-Awsat newspaper and seen by Al-Eqtisad News that governance and anti-corruption reforms are necessary to rebuild better after the crisis and to stimulate a strong and sustainable recovery .
He stressed the importance of improving governance and reducing corruption in order to promote growth; These factors lead to better economic results and sustainable macroeconomic stability by making the use of public resources and providing government services more effective, and also by enhancing investor confidence and competitiveness.
Azour noted that effective government and tax institutions can enhance social cohesion and ensure that the returns to growth will be better and more participatory distributed among all components of society .
He emphasized that the Kingdom of Saudi Arabia, Egypt and Iraq have made progress in recent years in providing more room for access to budget and fiscal information, while Tunisia provided a good example on how to involve citizens in the budget preparation process by enabling them to provide feedback on how to use public opinions during Legislative session
Thursday .. A slight drop in oil prices despite the decline in US stocks
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on Thursday, oil prices recorded a slight decline with the increase in cases of Coronavirus worldwide, despite the decline in US crude stocks for the fifth week in a row.
Brent crude futures were down 18 cents, or 0.32%, to $ 55.88 a barrel.
US West Texas Intermediate futures fell 11 cents, or 0.21%, to $ 52.80 a barrel.
Officials at the International Energy Agency (IEA) said, "Oil producers face an unprecedented challenge to balance supply and demand, as factors, including the frequency and response to COVID-19 vaccines, cloud expectations."
And customs data showed, today, Thursday, that "China's total imports of crude oil rose by 7.3% in 2020 despite the shock of the Corona virus earlier in the year, with record arrival in the second and third quarters as refineries expand their operations and lower prices encouraged Storage. "
And the massive COVID-19 relief package, which US President-elect Joe Biden is set to unveil today, has kept losses under control.
A Kurdish delegation arrives in Baghdad and meets the President of the Republic
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Kurdish delegation arrived, Thursday, to the capital, Baghdad, to discuss the lack of files.
An informed source told Mawazine News that "Lahore Sheikh Genki, the co-chair of the Patriotic Union of Kurdistan, arrived at the head of a high-ranking delegation on Thursday, to the capital, Baghdad."
The source explained, "The visit comes to intensify efforts to ensure financial dues for the Kurdistan region, employee salaries and the draft federal budget law for 2021."
The delegation met with the President of the Republic, Barham Salih, to discuss developments in the situation and efforts to pass the draft federal budget law for 2021.
During the meeting, which was attended by a number of members of the Political Bureau and the Leadership Council of the Patriotic Union, and members of the Patriotic Union of Kurdistan in the Iraqi Parliament, intensified efforts were discussed. To pass the draft federal budget law for 2021, and to ensure the Kurdistan Region’s share in the bill.
For his part, the co-chair of the Patriotic Union of Kurdistan, Lahore Sheikh Jinki, stressed the need for unity in the discourse and position of the Kurdish parties in Baghdad to address the problems in order to improve the living conditions of our people and ensure the salaries of employees, expressing his thanks to Joan Ihsan for her efforts during the past period, while Ala Talabani was chosen As head of the Patriotic Union of Kurdistan bloc in the Iraqi Parliament.
International Development Bank: The White Paper on Restructuring the Banking and Financial System
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The advisor to the Chairman of the Board of Directors of the International Development Bank in Iraq, Hani Idris, said that the reform program approved by Iraq late last year under the name of "the white paper", which aims to redefine the state, develop the public financial system, restructure the banking and financial system, address low productivity and protect groups Fragile.
On the other hand, the Information Technology and Communications Technology Association (INTAG) discussed, during its monthly meeting, growth opportunities for sector companies in the Iraqi market .
The association stated in a statement yesterday that the executive director of the "production" association, Engineer Nidal Al-Bitar, said that the meeting discussed the importance of the Iraqi market for Jordanian information technology companies .
In turn, the CEO of the "Delta Computers" company, Marwan Hamdan, reviewed his experience in the Iraqi market, stressing that the most sought-after projects in Iraq are "financial technology", referring to the most prominent challenges facing investment in Iraq, represented by government instability and the lack of an active private sector
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 1460
The currency auction For January 14, 2021 total sales amount $16,300,000.
ISX Update:
www.isx-iq.net/
Shares Traded: not updated for today
Value Traded: not updated for today
https://www.dinarguru.com/1-14-2021 Intel Guru Bruce [via WiserNow] There are things happening to prepare us for our ability to start – there may be one additional thing from the President that we’re looking for but I am not sure what it is...Some things have to play out – regarding President Trump – I know there is more to come from our President – I know that there are things that are planned and will manifest in the next week or so - The story is not over – let me put it that way – This story is not over yet – we are waiting – we are ready – most of us are really ready...
1-13-2021 Newshound Guru MilitiaMan Article "Parliamentary Committee: The statements of the Ministry of Finance confused the Iraqi market" Sure it confuses the market. They were not all ready for the devaluation. They were told in an article by the US Federal Reserve Bank that countries can and do devalue and revalue. Which apparently is about to happen in Iraq's case too. I have a feeling that the accuracy of the numbers in the 2021 are the focus and the manner in which they approach it today, could be a pivotal time frame. Today is the last day for reporting of a change if applicable with the UN. Not that is a smoking gun at all, just it is a reporting time frame. imo They have been hard at the budget for many consecutive days. The numbers after the second reading are very key.. imo.. Lets see what they do next. ~ MM
1-13-2021 Intel Guru MarkZ [via PDK] [Any news on the rate of the Dong?] I am still hearing around .47 cents for a street rate and low $2’s for the contract rate. I hear it will hit as a street rate in-country to suck up currency off the street…then will quickly be allowed to rise to a re-instatement level…which is the low $2’s…this is what I am hearing. I hope it is accurate.
1-13-20221 Newshound Guru Adam Montana Iraqi Dinar - we are looking so good here. There is nothing going on that has me even the slightest bit concerned, in fact! The way things are going, we could see an RV early this year. Things to watch for are HCL... The Iraqi Dinar is almost a sure thing, if you understand it... I'm done for now! Be happy, be safe, and GO RRRVVVV!!!
1-13-2021 Intel Guru Bruce [via WiserNow] Now we are in a position – talking about intel that – I don’t know how to describe it – but it is as if we’re in a state of calm before the storm...We’re waiting – we’re in position – from the perspective of the redemption centers – they are pretty much set on “go” ...I really think that we’re in a position right now where something could happen very soon – but I do not know exactly when... I am excited about where we are...
1-13-2021 Intel Guru Frank26 Article: "Iraqi Finance announces new developments in the dinar exchange rate". You guys are going to do it again [change the exchange rate] but this time do it in a positive direction? Quote: "The Ministry of Finance promised on Friday to make an amendment to the exchange rate of the foreign currency against the Iraqi dinar" ...this is when you say praise God.
1-13-2021 Intel Guru MarkZ [via PDK] I still feel very confident that they are pushing forward with the reset. My folks in Iraq are very confident that we are going to get 1 of 2 things…either a 1 to 1 rate or a complete reinstatement. That is still the prevalent thought. Iraq has been told officially in their news to expect a change in the rate of the dinar in their favor. I think that is a very positive note for us.
1-13-2021 Intel Guru Frank26 We are on schedule. I have a strong feeling we're gong to see the new exchange are in about 10 days. All in my opinion.
1-13-2021 Newshound/Intel Guru Mnt Goat Article: "DELETING 3 ZEROS OR PRINTING 100 DINARS DENOMINATION...EXPERTS DETERMINE THE BEST TO REDUCE THE REPERCUSSIONS OF CHANGING THE EXCHANGE RATE - URGENT" They are debating now whether to do the project to delete the zeros. This is now clearer than ever.
Catnip's Corner:
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ARTICLE 1 (from PM Kadhimi's website; posted only on Arabic side, not on English side)
The Supreme Committee for National Health and Safety holds a meeting chaired by the Prime Minister, Mr. Mustafa Al-Kazemi
Prime Minister Mustafa Al-Kazemi chaired today, Wednesday, the meeting of the Supreme Committee for Health and National Safety.
His Excellency listened to a detailed presentation from the Minister of Health, Dr. Hassan Al-Tamimi on the progress of the measures taken by the various government agencies to confront the Corona pandemic, and the efforts made to limit its spread and to provide appropriate medical and treatment services to the injured.
His Excellency also expressed his high appreciation for the efforts of the medical and health cadres and all supporting devices, and appreciated the success achieved in reducing the number of deaths and increasing the recovery rates, as well as encircling the spread of the pandemic by all possible means.
The meeting issued several decisions related to the measures taken to confront the pandemic, as follows:
1. Update the Cabinet Resolution No. (231 of 2020) on banning travel to the countries in which the new strain appeared, to be as follows: (Britain, Austria, Belgium, Denmark, Finland, France, Georgia, Germany, Greece, Ireland, Luxembourg, Slovakia, Spain, Brazil, America, India, Australia, Japan, South Africa, Zambia), as well as preventing entry to arrivals from them (except for Iraqis and obligating them to compulsory quarantine for a period of 14 days, and they are not allowed to contact others until it is proven that they are not infected with the disease through a PCR examination) For a period of two weeks, until the global and regional situation is clear for the spread of this strain, and all (diplomats, holders of diplomatic passports, official government delegations, workers in embassies, international organizations and experts working in service projects) are excluded from entry, provided that they are brought for a PCR examination within (72) hours Before entering Iraq,
2. Emphasizing the commitment of public and private schools to the instructions issued by the National Health and Safety Committee to work one day per week, while adhering to the full preventive measures.
3. Coordination between the Ministry of Higher Education and Scientific Research and the Ministry of Health and Environment to conduct the examinations.
4. Tightening punitive measures for violators by imposing a fine not exceeding five million dinars or closing for a period not exceeding (90) days for shops, restaurants, malls, clubs, cafes, sports halls and event halls that violate health instructions to confront the pandemic.
5. Adopting the principle of reciprocity with non-local airlines in imposing fees related to passengers' PCR checks.
6. Ministries and entities not associated with a ministry and governmental and non-governmental institutions apply preventive measures to limit the spread of Covid-19 disease, which is to compel all employees and auditors to wear masks, prevent gatherings, maintain physical distance, and provide hand washing and sterilization supplies, with the need to reduce reviews that require Attendance of people face to face, and the use of modern technology to complete transactions.
7. Emphasis on the governors not to take measures contrary to the decisions of the Supreme Committee for National Health and Safety, which would reduce the measures that must be taken to limit the spread of Covid-19 disease.
8. Emphasis on the Ministry of Education and the governors not to give any exceptions regarding school days, especially private schools, in contravention of the decisions of the Supreme Committee for National Health and Safety in this regard.
9. Emphasis on the Ministry of Education by instructing the directorates of education in the governorates, in cooperation with the School Health Division in the health departments, to examine students and staff within educational institutions, and to follow up the measures that must be taken in schools to limit the spread of the disease.
10. Intensifying awareness-raising campaigns through media channels regarding the preventive measures that must be taken, and promoting the benefit of vaccination against Covid-19 disease upon arrival of vaccines.
11. Amending Paragraph (1) of the Supreme Committee for Health and National Safety Resolution No. 117 of 2020, to be as follows: The period of the Coronavirus crisis is considered a temporary force majeure for the supply and contracting contracts under which the obligations of the parties affected by this virus have ceased, provided that there is no financial impact. On either side.
Media Office of the Prime Minister
13-Jan-2021
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ARTICLE 2 (from Government of Iraq twitter account)
1-13-2021 around 8:30 am Eastern *************
ARTICLE 3
Parliament resumes its session headed by Al-Haddad
01/13/2021 16:33 •
[Baghdad-Where]
The House of Representatives resumed, today, Wednesday, its parliamentary session to complete the discussion and reading of the general federal budget for the fiscal year 2021.
A representative source said, "The House of Representatives has resumed its special session to complete the discussion and reading of the general federal budget for the current fiscal year 2021."
The source added, "The session was resumed, chaired by the second deputy speaker, Bashir Al-Haddad."
The House of Representatives will hold, this evening, another session number (35), the agenda of which includes paragraphs, to vote on 5 of them, finish a report and discuss two paragraphs, and continue to discuss the Federal Budget Law for the current fiscal year 2021.
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ARTICLE 4
Parliamentary Committee: The statements of the Ministry of Finance confused the Iraqi market
01/13/2021 18:20
[Baghdad-Where]
The Parliamentary Finance Committee described, on Wednesday, the statements of the Ministry of Finance as confusing the economic situation and the Iraqi market, indicating that the budget picture was not completed until after the second reading.
A member of the Finance Committee, Thamer Theban, said, "Some statements about the economic situation are unsuccessful, including those of the Ministry of Finance."
He added that "the statements of the Ministry of Finance confused the Iraqi market and shook the economy in a direct paralysis. The vocabulary must be launched accurately."
Theban explained, "The Finance Committee will seek the assistance of economic experts for the ambiguous paragraphs and the financial mandate and bring them out in a manner different from what the government sent.
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ARTICLE 5
Arresting 17 ISIS militants, including Abu Anas and Abu Qusay, in Baghdad
01/13/2021 13:09
[Baghdad-Where]
The intelligence agency operating at the Ministry of Interior said, on Wednesday, that 17 terrorists had been arrested in multiple intelligence operations in Baghdad.
The agency stated, in a statement. “By following up on the elements of the terrorist ISIS gangs, the detachments of the Intelligence Agency represented by the Baghdad Intelligence Directorate at the Ministry of Interior were able to arrest (17) terrorists in separate areas of Baghdad governorate wanted in accordance with the provisions of Article four terrorism for their affiliation with ISIS terrorist gangs. , Two of them worked in the so-called Fallujah and Nineveh Sectors under the nicknames of Abu Qusay and Abu Qusay, in addition to that one of them from a ISIS family has one of his brothers working in the ranks of the terrorist ISIS in the so-called Dabiq Army.
She indicated, "Hand them over to the requesting parties according to the original receipts
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