Sunday, January 31, 2021

WOTS WED JAN 27 21

 WOTS WED JAN 27 21

The Markets:
Asian market closed mixed NIK up by .31% HSI down by .32% SHANG up by .11%
UK markets are currently trading in the re from .14% to .97%
Our futures are currently training mixed DOW at 30694 own by .48% SNP at 3828 down by .36% NDX at 13521 up by .27%

Precious Metals:
Gold is red at 1843 Silver is red at 25.33  Copper is red at 360 lum red at 2014 Plat is red at 1084
Brent 56 WTi 52

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1432.5000  1481.8000 1458.2000 1458.2000 1458.2000  0.2000 00:04
 USD/VND  23069.0000  23071.0000 23049.2100 23043.1900 23043.1900  7.8500 03:21
 USD/CNY  6.4677  6.4697 6.4679 6.4580 6.4633  0.0036 05:16
 USD/KWD  0.3021  0.3031 0.3023 0.3022 0.3023  -0.0001 05:15
 GBP/USD  1.3733  1.3734 1.3758 1.3721 1.3731  0.0002 05:22
 USD/IRR  42000.0000  42210.0000 42097.5000 42097.5000 42097.5000  -914.4000 07:13
 USD/IDR  14086.0000  14093.0000 14107.0000 14042.0000 14065.0000  32.0000 05:21





Iraqi Articles:

THE ARAB MONETARY FUND ANNOUNCES THE SIGNING OF A COOPERATION AGREEMENT WITH "GB MORGAN" BANK TO LAUNCH SETTLEMENT SERVICES IN US DOLLARS THROUGH THE "BUNA" ARAB PAYMENTS PLATFORM

yes it should be JP Morgan but I don't change their articles  bad translation

link

The Arab Monetary Fund announced today that it has signed a cooperation agreement with the international American bank, "GB Morgan", under which the "GB Morgan" bank will provide settlement of payments in US dollars through the "Buna" Arab Payments platform, affiliated to the Regional Corporation for Clearing and Settling Arab Payments. By the fund.

The inclusion of the US dollar as a settlement currency in the "Buna" platform for Arab payments in the list of settlement currencies listed on this platform, in cooperation with "GB Morgan" Bank, represents an additional achievement in the path of "Buna" to be the payment platform of choice in the various markets of the Arab region. This cooperation with JP Morgan will enhance the value provided by the Buna platform and the advanced services it provides for clearing and settling payments, thus contributing to supporting opportunities for developing intra-Arab trade and investments and linking with the main trading partners of Arab countries.

Likewise, this cooperation between the Arab Monetary Fund and the American Global Bank, "GB Morgan", would provide added value to all eligible banks operating in the Arab countries and abroad to participate in the "Bunaa" Arab Payments platform, because the platform provides these banks with the possibility of making transfers in US dollars. Safe, reliable and highly efficient. This embodies the vision of the “Bunaa” Arab Payments platform, as an integrated payment system specialized in providing cross-border settlement services, to enable and assist financial and banking institutions to send and receive intermittent payments in real time, in line with relevant international standards, principles and compliance requirements.

On this occasion, the Arab Monetary Fund expresses its confidence in the services provided by GBMorgan, which will contribute to enhancing the framework and scope of work of the “Bunaa” Arab Payments platform and supporting its success story. It should be noted that it was previously announced that settlement of payments in the currencies of the UAE dirham, Saudi riyal and Egyptian pound was made available through the "Buna" Arab Payments platform.

Iraqi merchants are calling for the Central Bank to raise the value of the Iraqi dinar against the dollar

link

Iraqi merchants are calling for the Central Bank of Iraq to raise the value of the dinar against the dollar, in conjunction with the questioning of the bank’s governor in the parliament session today.

The correspondent of Iraq Channel 24 says during his coverage in front of the bank building in Baghdad: These demands from merchants come in conjunction with Iraq's intention to request loans from the World Bank and also after identifying the real stock of money in Iraq as well as many economic problems that occurred in
the market

The correspondent of Iraq 24 confirmed that the Iraqi street is waiting for what will result from the questioning of the governor of the bank in the parliament session, especially since there is a divergence of views between the representatives and the various parliamentary bodies.

He adds: Some explain that the attempts to raise the value of the Iraqi dinar are to reduce the value of the deficit in the 2021 budget, which rose with the increase in the value of the dollar during the last period and the reform white paper policy.

The correspondent states: Citizens today are living with high prices for goods and commodities after raising the exchange rate of the dollar while continuing to express their great dissatisfaction with this decision, which it is hoped will be changed or withdrawn after today's questioning session in Parliament for the governor.


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 27th, 2021 total sales amount $ 112,366,337. 

including   $1,100,000. CASH 

ISX Update:   

www.isx-iq.net/

Shares Traded: not updated for today
Value Traded: not updated for today 

https://www.dinarguru.com/

1-26-2021   Newshound/Intel Guru Petra  ...the G7, the EU, the World Bank and IMF have all come out in support of the white papers...they can't wait too long.  They've got to move...they just need to vote on the budget and they're ready to do that once the rate is inserted into the budget...it's getting to the point where it's at the apex.  Everything is there...I think we are in a fantastic position.  Better than I thought we'd ever be.  We're down to the nitty-gritty here because everything is ready to go...

1-26-2021   Newshound Guru Pimpy  ...things are looking good.  It looks to us that finally some type of agreement is going to be finalized between Erbil and Baghdad.  That's going to help with the '21 budget.  I love the fact that they're increasing the budget from $42/barrel of oil to $45.  That means much more of the deficit will be taken care of.  Nothing will be added to the deficit.  The fact that oil is much higher than they budgeted for is great.  It's a surplus.  That's also going to help them with the foreign currency reserves...these are positive steps going in the right direction...

1-26-2021   Intel Guru Frank26  ...there are many rumors, there's a lot of chatter among the Iraqi citizens right now concerning the new small category notes and the new exchange rate because they know.  Allow that to encourage you...

1-26-2021   Newshound Guru MilitiaMan    there was an article that came out  [In December]...that said Baghdad was forced to devalue their currency...by the IMF. By devaluing the currency to 1146...If you delete the zeros off the exchange rate you get 1.46.  Today's SDR is $1.44...they're within pennies of each other...that's why they were forced to devalue!  IMO They needed to be inline with the IMF...I have a strong feeling being forced to devalue and get in sync with the SDR is telling us they are at the final stage to lift the value...

1-26-2021   Intel Guru MarkZ   [via PDK]   [RV in March/April?  Your opinion?]   I don’t think we will make it until March. I don’t think that is a possibility. The implosion is sooner. They have created a monster and the spiral is picking up speed exponentially.

1-26-2021   Newshound/Intel Guru Petra   ...a week ago Saturday I think they realized the clock was ticking down and they had to get that budget done.  IOO the budget is done and we're just waiting on the rate.  Now all the outside pieces are coming together with regard to international activities...and all the efforts to make Iraq come out of the gate absolutely running a million miles and hour...

1-26-2021   Newshound Guru MilitiaMan  ...we see...that the Kurds showed up today in respect to their share of the 2021 budget. They are also talking about they have six months of back pay coming to them. We have heard they were in agreement on taxation on salaries too, and not just with the kurds in mind. Taxation on salaries will be applied country wide. Hence, the agreements made will be sorted through the new value added... Remember they talked about value added taxes...Well not at 1460 they won't. But, when RI hits and they have value added they will. It is all in the plan in my view...  


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

The Council of Ministers holds a regular session headed by the Prime Minister, Mr. Mustafa Al-Kazemi, 

Today, Tuesday, the Council of Ministers held a regular session headed by the Prime Minister, Mr. Mustafa Al-Kazemi, during which a number of issues and developments in the country were discussed.

The session started with the Prime Minister's condolences, Mr. Mustafa Al-Kazemi, for the martyrdom of innocent citizens in Tayaran Square and the heinous crime of terrorism that I witnessed.
As well as condolences for the martyrdom of the heroes, fighters of the Popular Mobilization Forces in Salah al-Din Governorate.

The Prime Minister affirmed that terrorism was and continues to target Iraqis without discrimination, aiming to spread confusion and fuel abhorrent sectarianism, and he returned to his head in order to obstruct the entitlements of democracy and preparations for the upcoming elections, but there is no retreat, and the terrorists will find nothing but the worst fate awaiting them.

His Excellency added: Terrorism repeatedly tried to penetrate the security cordons of the city of Baghdad, and failed disappointed countless times before he carried out his crime in the aviation arena, and it is unfortunate that we find a circulation of lies that contradicts reality, and seeks to spread chaos by impersonating unrealistic security assessments. About some attempts to undermine the cohesion of our fraternal society.

On the other hand, the Cabinet session witnessed a discussion of the developments of the work of the Committee to Strengthen Governmental Measures, in the fields of prevention, health control and awareness, and developments of the Corona pandemic in the country, as the Minister of Health presented a detailed report on government measures to confront the pandemic, and the efforts of the Ministry of Health in facing any potential risks.

After the Council discussed the topics on its agenda, it issued the following decisions:

First / Approval of the recommendations of the Diwaniya Order Committee (3 of 2021) regarding the emergency project loan agreement to support stability and social resilience in Iraq, according to the following:

1. Directing the Ministry of Labor and Social Affairs to proceed with the implementation procedures regarding the sums transferred (disbursed) to international organizations (UNOPS, IOM), and the amount of (14,000,000) dollars, only fourteen million dollars, for the (cash for work) component according to the vision of the aforementioned Ministry’s requirements In the necessity of adopting basic data (database) for the unemployed, taking into account the consideration of giving priority to the returning displaced persons from the youth group (and benefiting from the intersection of data) with the two ministries (youth and sports, immigration and the displaced), and directing work to the project with its other components.

2. The review of the terms of the agreement and the redistribution of its sums to the components or their restructuring is considered, especially for the remaining amount (cash for work) and the unallocated sums in the principal of the loan amounting to (56,000,000) dollars + 15,000,000 dollars, according to proposals submitted by the committee to the Council of Ministers according to what It is confirmed in the original record

Second / Approval of allocating an amount (100,000,000) dollars, only one hundred million dollars from the World Bank's portfolio, to purchase Coronavirus vaccines according to the determination of the type of vaccine by the Ministry of Health, provided that the loan (portfolio) be restructured from the Ministries of Finance and Planning in coordination with the World Bank.

Third / Approval of the Ministry of Finance allocating the plot of land numbered (1/13 District 14) Al-Watifiyah to the Technical Technical Institute in Babylon, and the Ministry of Agriculture lifting the hand of agrarian reform on it.

Fourth / Approval of the legal aid bill, which was examined by the State Council, and referring it to the Council of Representatives, based on the provisions of Articles 61 / First and Article 80 / Second of the Constitution, taking into consideration the observations of the legal department in the General Secretariat of the Council of Ministers confirmed With its memorandum of the same number (MD / Q / 2/2/46/1775 Q / 366 LQ), dated November 5, 2020, with the possibility of linking the legal aid center that will be established according to it to the High Commission for Human Rights according to its request, taking into account Attention, remarks Mr. Director of the Prime Minister's Office.

Fifth: Approval of the recommendation of the Ministerial Energy Council (78 for the year 2020) to expand the production of the Nasiriyah oil field.

Sixth / The referral of Mr. (Ali Massad Al-Ibrahimi), Undersecretary of the Ministry of Education for Technical Affairs, to retirement according to his request, based on the provisions of Articles 12 / Clause First, and Article 14 / First) of the amended Unified Retirement Law (9 of 2014).

Seventh / Withdrawing the recommendation from the House of Representatives regarding the nomination of Mr. (Muhammad Sahib Mahdi Al-Ta'i), president of Al-Nahrain University, issued pursuant to Cabinet Resolution (378 of 2019), sequence 56, accompanying the linking of the Cabinet General Secretariat's letter numbered with the number (u. 1/3/10/34446), dated November 24, 2019.

Media Office of the Prime Minister
26-Jan-2021

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

Prime Minister Mustafa Al-Kazemi meets with the President of the French Total Oil Company 

The Prime Minister, Mr. Mustafa Al-Kazemi, received today, Tuesday, President of the French Total Oil Company, Mr. Patrick Pouyanné, and his accompanying delegation.

During the meeting, they discussed ways to develop the company's work in Iraq, and expand its investments, especially in the energy sector, especially oil and gas.

Mr. Al-Kazemi stressed that the government is moving forward in preparing a healthy environment for the work of major international investment companies, and the French in particular, indicating that this trend is an essential part of Iraq's policy of opening up economically towards its international partners such as France.

For his part, Mr. Pouyanné clarified Total's desire and aspiration for more cooperation and partnership with Iraq, especially after the facilities, and the improvement that the current government has brought about the overall investment climate in Iraq.

Media Office of the Prime Minister
26-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

Revealing the salaries of presidencies, ministers, and deputies in the budget

 01/26/2021 15:36 • 
[Baghdad-Where]
A member of the Parliamentary Finance Committee revealed the salaries of the three presidencies, ministers, and members of Parliament in the draft federal budget law for 2021.
"The salaries of the three presidencies range from 70 to 100 million dinars, for each of the Prime Minister and President of the Republic and the Speaker of Parliament," Jamal Cougar said in a press statement.
He added, "As for the salaries of ministers, they range from 9 to 11 million dinars, while each member of parliament receives more than 7 million dinars, according to a member of the Finance Committee."
Cougar explained, "Annual oil revenues are estimated at 79 trillion dinars, while non-oil revenues amount to 20 trillion, but these numbers are subject to change."
He pointed out that "the total salary expenditures are estimated at 55 trillion dinars, without an accurate statistics for the number of employees due to the lack of a database."
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ARTICLE 4

Al-Rafidain grants loans of 25 million dinars to shop owners and other professions

01/26/2021 10:08 • 
[Baghdad_Where] On
Tuesday, Rafidain Bank directed its branches in Baghdad and the governorates to promote transactions for granting small-business loans to citizens of shop owners and other professions, to reach 25 million dinars.
The bank’s media office said in a statement that “in line with the bank’s policy aimed at diversifying the services provided and in support of the national economy in financing various projects, reducing unemployment and employing manpower, it has been decided to increase the amount of granting small business loans to 25 million dinars.”
The bank called on "citizens who own shops and other professions of all kinds to take advantage of this loan and apply for it in the bank’s branches throughout Baghdad and the provinces.

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