WOTS THUR JAN 28 21
The exchange rates of the dollar in the Iraqi market came as follows:
the sale price of one hundred dollars is 146,000, while the purchase price of one hundred dollars is 145,000, and roughly in local banking offices.
The Markets:
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1460.0000 | 1465.0000 | 1458.8000 | 1458.8000 | 1458.8000 | 0.1000 | 00:03 |
| USD/VND |  23059.0000 | 23060.0000 | 23072.1800 | 23067.6900 | 23072.1800 | -4.7400 | 00:03 |
| USD/CNY | 6.4667 | 6.4687 | 6.4916 | 6.4654 | 6.4819 | -0.0162 | 05:17 |
| USD/KWD |  0.3024 | 0.3034 | 0.3024 | 0.3024 | 0.3024 | -0.0001 | 04:39 |
| GBP/USD | 1.3670 | 1.3673 | 1.3692 | 1.3630 | 1.3685 | -0.0016 | 05:18 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | -914.4000 | 07:13 |
| USD/IDR | 14102.0000 | 14110.0000 | 14146.0000 | 14037.0000 | 14144.0000 | -41.0000 | 05:16 |
Parliamentary Finance: The Shiite split prevented agreement on the Kurdistan budget’s share
A member of the Finance Committee, representative of the Kurdistan Amal Bloc, Jamal Cougar confirmed, today, Thursday, that the Shiite division prevented agreement on the Kurdistan’s share of the budget, while he explained that there is a meeting of the Chairman of the Committee, MP Haitham al-Jubouri, with the heads of political blocs next Saturday to put the final touches.
Cougar said in a statement to "Tigris", "The Parliamentary Finance Committee authorized its head, MP Haitham Al-Jubouri, to hold a meeting with the heads of political blocs in Baghdad next Saturday and inform them of all the details of the talks, and then come up with an agreement on the proportion and share of the region . "
He added that "the Kurdish delegation returned to Kurdistan after presenting the details of the budget, employee expenses, and quantities of oil exported from the region, and has expressed its full readiness to abide by the draft budget for the delivery of 250 thousand barrels of oil."
He explained that "what happened is that there is a division in the Shiite house regarding Articles 11 and 12 regarding the export of oil from the Kurdistan region, which hindered the final agreement.
Parliamentary Finance continues to discuss the budget and hosts 3 parties
Today, Thursday, the Parliament's Finance Committee held a meeting to discuss the current year budget law.
The media department of the council said in a statement, "The Financial Committee held its 34th meeting, and continues its discussions on the draft federal budget bill for 2021."
She added, "Within its agenda is to host the Office of Financial Supervision, the Oil Products Distribution Company and the Central Refineries Company."
The Cabinet voted on the federal budget for the fiscal year 2021 in an extraordinary session held, Monday, (December 21, 2020), while it referred it to the House of Representatives to study and vote on it.
Nassif reveals the referral of projects to a Chinese company, which in turn referred them to an Iraqi company
, Representative Alia Nassif, called on the Integrity Commission, on Thursday, to open an investigation into referring the project to establish a crude oil processing center in the southern region to the Chinese company, Noroco, to which the pipeline project was also referred and referred it to Iraqi companies (subcontractor).
Nassif explained, in a statement received by Mawazine News, a copy of it, that "the project to establish a crude oil processing center in the southern region of the East Baghdad oil field (sc-18-077 / EPCC PROJECKT) was referred to the Chinese company Noroco, with the amount of $ 176,733,000, where it won. This company is with technical and commercial analysis capable of capable of knowing that the project of establishing oil, gas and water pipelines between the two sites (S1-S2) has been referred to the same company, which in turn is to an Iraqi group of companies as a secondary contractor.
Nassif added, "We also present this file in front of the Integrity Commission, along with the rest of the files related to the oil sector that we previously uncovered, and we call for this statement to be considered an official communication, hoping that an investigation will be opened on this case and the corrupt will be referred to the competent courts."
Discussion of the White Paper at the Press Syndicate
The General Secretariat of the Council of Ministers, in cooperation with the Journalists' Syndicate, held a panel discussion on "The role of the general budget for 2021 by applying the contents of the white reform paper", including a series of lectures, which were divided between three axes, including the budget of 2021, its money and its income, the role of fiscal and monetary policy by determining the exchange rate of the dinar, and the public-private partnership to achieve economic development.
The session was moderated by economic researcher Dr. Alaa al-Fahd, who said: "The package of reforms called the "White Paper" is a desire of the government to achieve reforms and change the course to improve the situation of Iraq's difficult conditions."
"We are all working to get the country on the right track," said Journalists' Captain Moayad al-Lami. Economically and socially."
Haidar Majid, spokesman for the General Secretariat of the Council of Ministers, delivered a speech in which he noted that "one of the most important objectives of the seminar is to reach creative visions that translate the paragraphs of the white reform paper into a field action that the citizen feels and reaps its fruits, so the secretariat opens up to institutions and seeks to reach strategic solutions like me."
Budget speech
"This seminar presents the budget speech to the public," said Dr. Mazher Mohammed Saleh, finance advisor to prime minister, noting that "the 2021 budget came on the ruins of a crisis, and the deterioration of Iraq's economy, following the collapse of oil prices, resulting in a deficit and forced austerity to critical limits, amid the suspension of investment, the 2021 budget came to avoid the contraction of the economy and create a wave of work."
The first said the "budget 2021 is what it has and what it has to do", said Obeid Mahal Freih, director of the banking studies department at the Ministry of Finance: "The laws that are included in the general budget, and the structural imbalance in it, indicating the seriousness of borrowing in dealing with the financial crisis."
"Oil revenues make up 87 percent of the budget, and in 10 years only 13 percent of the budget," he said, adding that this is due to "the predominance of income spending and the weakness of the private sector."
Exchange rate
"There are exits if they are better invested to fill the budget deficit, including tourism, taxation, agriculture, industry, private sector development and natural resources," said Dr. Ikram Abdel Aziz, an economist.
The seminar concluded with the economic seminar, "Public-Private Partnership for Economic Development", focusing on the importance of increasing productivity in all economic sectors.
CBI Update: Just a note:
including $100,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
1-27-2021 Newshound Guru Adam Montana Article: "Representative Energy: We have dealt with the oil and gas law disputes and will vote on it soon" HCL is such a key component right now. In fact, 98% of this RV hinges on when and how the HCL is finally completed...and with things like that coming out, you know we aren't far now!
1-27-2021 Newshound Guru MilitiaMan Article: "The International Development Bank announces its joining the "Bani" platform" Quote: "work is underway to introduce the Iraqi dinar currency on this platform soon to encourage the use of Arab currencies in financial and investment transactions in accordance with international standards..." When using terms lately like being forced to do things for a purpose like we saw with the IMF aligning the IQD with the SDR Basket imo, here is one were they are telling us they are unremitting in their efforts to get settling and clearing payments with in the AMF, region and abroad. Looks like it is signed and now about ready to go live. Wow! imo.
1-27-2021 Newshound/Intel Guru Petra ...when they made that move [devaluing the currency] the clock started. And that clock is ticking down fast. Because they can't stay at that rate much longer. That's the biggest key to me. They've got to drive the truck home. The train has got to arrive in the station. Whichever analogy you choose to use. They can't stay at that rate much longer because it's gonna effect their people and their entire economy. We know the white papers don't work without it. Nothing works without it...if folks don't see it they're blind...if there's an end game we're at the final piece of it...
1-27-2021 Intel Guru MarkZ There are a number of people finally in position today…they are ready for this thing to move forward. This tells me we could see something soon. People are staffed in redemption centers…paymasters are in place and key individuals are right where they need to be for everything to move forward...
1-27-2021 Newshound/Intel Guru Mnt Goat ...if you are under the impression (or assumption) that passing the 2021 budget is going to get you some RV...There is no new RV rate in the budget.
1-27-2021 Newshound Guru MilitiaMan Article quote: "Baghdad will be able to apply for a quick loan of two billion dollars through a special mechanism in the IMF dedicated to supporting the economies of countries." Iraq didn't get loans in the recent past from the IMF in the manner in which they speak now... That is because they were not ready yet. Now they apparently are ready to go international., as the IMF and others are working in tandem and have precautionary measures in place to make the transition smoother along the way.. imo.
No comments:
Post a Comment