WOTS TUE JAN 19 21

 WOTS TUE JAN 19 21

These are the 3 articles I referenced in the podcast at https://anchor.fm/dashboard/episode/ep8eac

Washington is ready to solve the problems between Baghdad and Erbil

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On Tuesday, (January 19, 2021) the United States of America expressed its willingness to solve the problems between Baghdad and Erbil.

 

The Patriotic Union of Kurdistan said in a statement affiliated with  IQ NEWS , "The two co-chairs of the union received today, in the city of Sulaymaniyah, the US Consul General in the Kurdistan Region Rob Waller and his accompanying delegation."

 

He added, "During the meeting, views and opinions were exchanged on the political, economic and security situation and the issue of early elections in the Kurdistan region and Iraq in light of current developments and events, reiterating the necessity of continuing our efforts to conduct serious dialogues and remove obstacles."

 

The two co-chairs of the federation stressed during the statement, "the necessity of activating efforts to address problems in order to provide a decent life for citizens and maintain stability in the region . "

 

They also emphasized, "the implementation of the decentralization system within the framework of the agreement with the Kurdistan Democrat to participate in the government, as they considered it an important point, in order to strengthen the government, preserve the entity of the Kurdistan region, provide service to citizens more and provide better services to all provinces of the region," demanding "the United States. The American government should have a role in converging viewpoints between the parties and solving problems in order to bypass this stage and end the outstanding problems between the governments of the Kurdistan region and the federal on the basis of the constitution in a manner that preserves the rights of citizens, and that the way is not cleared from now on by mixing the livelihood of citizens with political problems and conflicts Citizens' lives and livelihoods are preserved. "

 

For his part, the US Consul General in the Kurdistan Region expressed his country's readiness to continue efforts, provide support and help the parties to find appropriate solutions and reach a final agreement between the Kurdistan Regional Government and the federal government.

A source in the Finance Committee: The 2021 budget will be ready for voting early next month

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A source in the Parliamentary Finance Committee said, on Tuesday, that the law on collateral will be ready for voting early next month, indicating that the committee needs 15 days to finish reading the federal budget law for 2021.

The source informed Shafaq News Agency; "The Parliamentary Finance Committee received all the requests and observations made by members of Parliament and representatives of ministries that the committee hosted in the previous days regarding the draft budget law.

He added that "the committee will work next week to study and convert all observations into texts to amend the articles of the budget law."

The source said; "The Finance Committee needs up to 10-15 days to finish the budget," he said, adding that the budget law will be ready for voting in early February.

Expert: Iraq needs to restructure its economy according to the global context

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Economist Fawzi Muhammad Al-Zobaei called for the necessity to restructure the economy in accordance with the global context and reform the business environment represented by procedures and laws and make it an appropriate and attractive environment for private sector activity.

He pointed to the importance of Iraqi economic reform according to modern economic foundations, meaning providing the necessary foundations for its transition from a central economy to a free market economy, as well as encouraging and developing the private sector in a way that ensures the full investment of its resources and diversification of its sources.

He explained that the private sector has a fundamental role in all societies as it is the main pillar of their economy, noting that private sector projects are capable of eliminating unemployment as it will employ the largest possible number of manpower, as this vital sector will solve many files, including the banking sector.

The exchange rates of the dollar on the stock exchange and local markets in the capital, Baghdad, were recorded on Tuesday, up from the prices recorded yesterday.
The Central Kifah Stock Exchange in Baghdad recorded an increase in the dollar exchange rate, reaching 145.700 dinars for each $ 100 bill.
The Al-Harithiya Stock Exchange, west of the capital, Baghdad, also recorded a rise, as the exchange rate reached 145,750 dinars, for each $ 100 bill.
The prices of buying and selling dollars in banking and local markets in Baghdad increased, as the selling price reached 146,250 dinars for every $ 100 note, while the purchase prices reached 145,000 thousand dinars, for each $ 100 bill.  

The Market:

Asian markets closed mixed NIK up by 1.39% HSI up by 2.70% SHANG down by .83%

The UK markets are currently trading mixed mostly green from ..02% to .23%  2 are in teh red from .04 and .06

Our futures are currently trading in the green  DOW at 30915 by .63%  SNP at 3790 up by .76% NDX at 12930 by 1.% 

Precious  Metals:

Gold is green at 1844 Silver is green at 25.43 Copper is green at 363  Platinum is green at 1104 

Brent 55 WTi 52

Favorite Currencies Forex Quotes

Favorite Currencies Major Currency Pairs Major Crossrates USD / Major Currencies Euro / Major Currencies --- Australian Dollar / Majors Canadian Dollar / Majors Swiss Franc / Majors British Pound / Majors Japanese Yen / Majors New Zealand Dollar / Majors South African Rand / Majors Metals --- Favorite Currencies Manage Favorites

Symbol	Bid	Ask	High	Low	Open	Change	Time
USD/IQD	1431.7000	1481.3000	1458.4000	1456.1000	1457.4000	-0.3000	06:08
USD/VND	23069.0000	23072.0000	23060.6500	23050.6500	23050.6500	11.5000	00:00
USD/CNY	6.4784	6.4804	6.4918	6.4778	6.4918	-0.0135	05:18
USD/KWD	0.3026	0.3036	0.3031	0.3029	0.3031	-0.0003	04:50
GBP/USD	1.3620	1.3621	1.3626	1.3574	1.3585	0.0035	05:20
USD/IRR	42000.0000	42210.0000	42097.5000	42097.5000	42097.5000	-914.4000	07:13
USD/IDR	14062.0000	14066.0000	14126.0000	13865.0000	14028.0000	40.0000	05:18

Things in the News:

Rich Minting Money in Pandemic Like Never Before... 

After allergic reactions, CA pauses use of large batch of MODERNA vax...
 Branson Reaches Space With Unconventional Rocket-Launch System...
Make America California Again? State takes center stage as Biden sets his agenda... 

Iraqi News:

Brent prices rise and U.S. stability as economic growth optimism

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Brent crude futures rose, and U.S. crude settled on Tuesday, with optimism that government stimulus will boost global economic growth, and oil demand is dominated by fears that renewed economic closures of Coved-19 globally could reduce fuel consumption.

The March Brent crude futures for March rose 33 cents, or 0.58 percent, to $55.06 a barrel by 0527 GMT after falling 35 cents in the previous session.

West Texas Intermediate crude was at $52.39 a barrel, down one cent.

Investors are optimistic about demand in China, the world's largest crude oil importer, after data released Monday showed refinery production rose 3% to a new record high in 2020. China was also the only major economy in the world that avoided deflation last year as many countries struggled to contain the COVID-19 pandemic.

Investors are watching President-elect Biden's inaugural address on Wednesday for details on the country's $1.9 trillion aid package.

Oil prices have also been supported by additional supply cuts in Saudi Arabia in the next two months, which are expected to reduce global inventories by 1.1 million barrels per day in the first quarter.

Concerns about the global rise in COD-19 infections and renewed closures that weigh on fuel demand have also reduced oil prices.

Al-Shamaa: The old exchange rate creates big problems and loses confidence in the Iraqi currency

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Economist Hammam Al-Shamaa emphasized that returning to the old exchange rate ... loses confidence in the currency and creates big problems.

Al-Shamaa said in a press statement followed by Al-Independent today, Tuesday, that in Iraq there is chaos and in light of the state, everything is possible, except that returning to the old price creates big problems and the Iraqi currency loses confidence in it.

Al-Shamaa added that: Some of these problems are the financial losses that resulted from the reduction of the exchange rate for everyone who had savings hoarded in the dinar, as it lost 20% of its value.

He explained that: the debt relations will also lead to losses. The merchant who was in debt in dollars was forced to pay a larger amount of dinars when the exchange rate was lowered, and conversely, the debtor now in dinars will have to bear a larger amount of dollars to pay off his debt.

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.   

http://www.cbi.iq/

Click on the link above for the latest update.

The CBI for rate is 1460

The currency auction For January 19, 2021 total sales amount $5,561,000. 

including   $0. CASH 

ISX Update:   

www.isx-iq.net/

Shares Traded: not updated for today

Value Traded: not updated for today 

https://www.dinarguru.com/

1-18-2021   Intel Guru Footforward   Right now there isn't a ton of RV info to talk about. Iraq is basically going in circles and I suspect they will keep doing so until Iran is delt with...They aren't holding because of Iran...But there is something that needs to be broken with Iran.

1-18-2021   Intel Guru MarkZ   [via PDK]   There is plenty of chatter coming out of Iraq on auctions, bills, the change of value…they plan to revalue and release the lower denomination bills buying up the higher denomination bills off the streets. …Very good stuff coming out of Iraq.  Some of our military sources are getting excited because they are also dinar holders. They are anticipating a change in value shortly. Days to weeks…that is what they are expecting at this point...IMO everything is watching to see how this week unfolds.  

Catnip's Corner:

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ARTICLE 1-A (from PM Kadhimi's website; posted only on Arabic side, not on English side)

Prime Minister Mustafa Al-Kazemi receives the Turkish Minister of Defense and his accompanying delegation

The Prime Minister, Mr. Mustafa Al-Kazemi, received today, Monday, the Turkish Defense Minister Mr. Hulusi Akar and his accompanying delegation. The meeting discussed issues of common interest, strengthening military cooperation between Iraq and Turkey within the framework of general cooperation, and consolidating the principle of respecting the sovereignty of Iraq over all its territories. The Prime Minister stressed the necessity of activating the previously approved agreements between the two countries during his recent visit to Ankara, as well as the importance of the Turkish commitment to implement investment pledges that resulted from the Kuwait Conference to support Iraq in 2018. His Excellency also stressed Iraq's rejection of any threat or terrorist activity targeting neighboring Turkey, starting from Iraqi territory, and indicated that Iraq's ability to address such threats is only strengthened by the Iraqi security forces' continued imposition of their presence, in every point of Iraqi territory. During the meeting, Mr. Al-Kazemi pointed to the importance of military cooperation between the two countries, and that the Iraqi army, which celebrated its centenary a few days ago, is continuing to enhance its capabilities with the vigor of the sons of Iraq, with the help of friends in Turkey and in NATO. The Turkish minister conveyed the greetings of his country's government and its wishes to the Iraqi government for success in its tasks, and expressed the Turkish army's readiness to provide support and advice in the areas of combating terrorism, training and joint maneuvers. The two sides agreed on the importance of dealing with terrorist threats near the common border areas, and that stability will open the doors for further cooperation between the two countries in a way that supports the prosperity and progress of the two friendly peoples, the Iraqi and the Turkish. Media Office of the Prime Minister 18-Jan-2021

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ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side; 16 pix)

The most prominent talk of the Prime Minister, Mr. Mustafa Al-Kazemi, during his inauguration today, Monday, the Made in Iraq exhibition, which is being held by the Ministry of Industry at the Baghdad International Fair in the presence of the Minister of Industry, Mr. Manhal Aziz

We face challenges, and we do not care about the attempts to question the work of the government and put the sticks in the wheel. The most important thing is how to provide service to citizens. 🔵 Iraq has tremendous minds and energies that can be a source of creativity and a tributary to the region and the world. Long decades of dictatorship, wars and crises have prevented investment opportunities and the prosperity of the distinguished Iraqi energies. 🔵 Supporting and protecting the local industry occupied a large place in the government curriculum, and we are currently working on preparing the necessary infrastructure to create an appropriate environment for the revival of Iraqi industry again, and we rely on this path on the youth energies in our country. 🔵 We are currently required to make every effort to restore respect for the Iraqi industry, and to work together to protect it. We directed the Ministry of Industry and Minerals to launch the National Project for Youth Employment, to help young graduates establish small industrial projects that contribute to the development of local industry and reduce unemployment rates at the same time. 🔵 The government has embarked on a set of reforms to support the industry through the reform white paper and in the 2021 budget, and we imposed taxes on the imported product to support and protect the local national product. 🔵 The government continues to develop industrial zones in Mosul, Basra, Nasiriya, Anbar, and all regions of Iraq. 🔵 Stronger at the hands of the Ministry of Industry and rely on the private sector to play a major role in supplying the Iraqi industry and restoring its identity, and we will provide all support and attribution so that Iraq is among the countries that compete with its industry. Media Office of the Prime Minister 18-Jan-2021

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ARTICLE 1-C (from PM Kadhimi's website; posted only on Arabic side, not on English side)

Prime Minister Mustafa Al-Kazemi sends a message of condolence to the Emir of the State of Kuwait

The Prime Minister, Mustafa Al-Kazemi, sent a message of condolence to the Emir of the State of Kuwait, His Highness Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, on the death of Sheikha Fazaa Jaber Al-Ahmad Al-Sabah. In his telegram of condolences, Mr. Al-Kazemi expressed his sincere sympathy and sincere condolences, asking the Almighty to bless the deceased with the breadth of his mercy, and to inspire her family and all her lovers with patience and solace. Media Office of the Prime Minister 18-Jan-2021

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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

Parliamentary Finance discusses the budget for combating terrorism and several ministries 01/18/2021 15:38 [Baghdad-Where]

The Parliamentary Finance Committee discussed, on Monday, the budget of the Counter-Terrorism Service and several ministries as part of the current year's budget bill.

The committee stated in a statement that it "is resuming its discussions of the draft federal budget bill for the year 2021 and has hosted the Director General of Agricultural Lands, Director General of Real Estate Registration and Director General of the State Real Estate Department."

She indicated that "the budgets of the Counter-Terrorism Service, the Ministry of Agriculture, the Ministry of Foreign Affairs and the Ministry of Construction, Housing, Municipalities and Works were discussed with representatives of the aforementioned bodies."

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ARTICLE 4

The ouster of a gang that stole more than a billion dinars from an investment bank 01/18/2021 15:12 [Baghdad-Where]

Baghdad crime-fighting detachments toppled, on Monday, a gang that stole more than a billion dinars from an investment bank.

The directorate stated in a statement that "a gang consisting of men and women was arrested and stole an amount of one billion three hundred and fifty million dinars from inside an investment bank in a private college."the customer." High in the coming days. "

He pointed out that "the stolen amount was found in full, and their investigative papers were referred to the judiciary to receive their fair penalty."

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ARTICLE 5

Al-Rafidain announces new rates for savings accounts and fixed deposits

01/18/2021 14:20 [Baghdad-Where]

Al-Rafidain Bank announced, on Monday, that the interest rate for citizens' saving accounts will be raised to 5%, and fixed deposits will be 7%.

The bank’s media office said in a statement, that “based on the bank’s policy aimed at maximizing revenues in order to attract cash and encourage customers to save their money instead of hoarding it in homes, the bank decided to increase the interest rate on savings accounts to 5 percent after it was 4 percent.”

He added, "The bank also decided to increase the interest rate on deposits for a period of six months to become 5 percent, and to increase the interest rate on fixed deposits for a year to 6 percent, in addition to increasing the interest rate on deposits for a period of two years to become 7 percent."

The statement indicated, "The bank has also decided to pay interest for fixed deposits to be granted in advance, provided that the citizen undertakes not to break and withdraw it, otherwise the interest granted will be deducted from the principal amount of the deposit, and this will be the basis for the comparison between the deposit and the savings account and the customer." High in the coming days.

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