WOTS FRI FEB 5 21
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1437.4000 |  1487.5000 | 1457.8000 | 1457.5000 | 1457.5000 | -1.5000 | 10:34 |
| USD/VND | 23000.0000 | 23020.0000 | 22995.8700 | 22994.9700 | 22994.9700 | 2.4400 | 22:01 |
| USD/CNY | 6.4699 | 6.4719 | 6.4796 | 6.4679 | 6.4701 | -0.0009 | 05:07 |
| USD/KWD | 0.3024 | 0.3034 | 0.3027 | 0.3025 | 0.3027 | -0.0002 | 05:06 |
| GBP/USD |  1.3680 | 1.3681 | 1.3711 | 1.3659 | 1.3669 | 0.0010 | 05:09 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | -914.4000 | 07:13 |
| USD/IDR | 14049.0000 | 14056.0000 | 14093.0000 | 14008.0000 | 14027.0000 | 18.0000 | 05:07 |
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Oil is jumping to its highest level in a year
On Friday, oil prices jumped to their highest levels in a year, continuing a series of strong gains due to indications of economic growth in the United States and the continued commitment of producers to curb the supply of crude.
Brent crude futures rose 40 cents, or 0.7 percent, to 59.24 dollars a barrel, after recording 59.41 dollars a barrel, the highest level since February 20 last year.
US West Texas Intermediate crude futures jumped 42 cents, or 0.8%, to $ 56.65 a barrel, after touching the highest level at $ 56.84, the highest level since January 22 of last year.
The benchmark contract is on track to achieve weekly gains of 9%, which will be the biggest weekly gain since October.
In a sign of shrinking crude oil supplies, the six-month delay in Brent and West Texas Intermediate crude futures - when the spot price is higher than the future delivery price - jumped to 13-month highs for both decades at $ 2.41 and $ 2.30 a barrel. Straight.
Parliamentary Finance Resolves Debate over Dollar Change in Budget
On Friday, the Parliamentary Finance Committee responded to the requests of members of the House of Representatives to change the price of the dollar by the budget law, while stressing that the price is fixed according to the government.
"The dollar price is fixed and has not been manipulated, as it was determined in accordance with the Iraqi government's fiscal policy," committee member Shiwan Mirza told Shafq News.
"The requests of members of the House of Representatives to change the exchange rate of the dollar against the Iraqi dinar are nothing more than requests," he said, adding that "the parliamentary finance committee does not have any authority to change the exchange rate."
"The parliamentary finance committee acted in accordance with the powers granted to it only by amending and replacing some articles of the 2021 budget law," Mirza said.
Mazen al-Felli, a member of the parliamentary economic and investment committee, told The Twilight News earlier that a request had been made by a group of lawmakers to change the exchange rate of the US dollar to 130,000 Iraqi dinars in the 2021 general budget law.
The Central Bank of Iraq has decided to raise the selling price of the dollar to banks and exchange companies to 1,460 dinars, from 1,182 dinars per dollar, in order to offset the decline in oil revenues caused by the decline in oil prices.
NO CBI ISX it's Friday
2-4-2021 Intel Guru MarkZ [via PDK] I have people reporting that I said the rate will be $14 - $16 dollars… I did not say that…I referenced Dr. Shabibi saying that…also the white papers in Iraq seem to be saying that…I am still hearing from the banking side of this thing that the street rate will be just under $4.00 and the contract rate may be as high as $8.00…
2-4-2021 Newshound Guru Pimpy Article: "On Monday, the Central Bank of Iraq's hard currency sales increased by 26 percent" This is good. Where before they were holding U.S. dollars because the Iraqi dinar had devalued and so you know they don't want to part with the US dollar. It's a stronger currency against the dinar...This jacks up the foreign currency they [The CBI] hold so the foreign currency assets are increasing. This is good because what that does then it strengthens the Iraqi dinar. We want to see this happen...this is a good thing to see happen.
2-4-2021 Newshound Guru Jeff Iraq is in the news. They're kind of suggesting that Kurdistan and Baghdad still have differences with the figures in the '21 budget...I doubt Kurdistan and Baghdad have many differences...be careful of what information you choose to trust...we're looking really good. Everything in Iraq is moving in the right direction. They have set the stage for the rate change. The IMF and WB are calling the shots. Even oil is moving in the right direction. Right now they have a budget surplus of oil. Everything is looking good...
2-4-2021 Intel Guru MarkZ [via PDK] IMO This is our month…IMO we will see it this month..People are still in position for the RV…they are staying in position.
2-4-2021 Newshound Guru Pimpy Erbil and Baghdad still need to come together and come up with an agreement. There's still some disagreements there. As soon as they do and they get that going forward, get that settled then we'll have a the 2021 budget. Truly finalized.
2-4-2021 Newshound Guru Jeff Since Iraq devalued their currency who's been in charge? Who instructed Iraq to devalue their currency? The World Bank and the IMF. The WB and the IMF they don't play games. They don't work around a big sloppy mess. They run a tight ship. If you think Iraq is a big sloppy, disorganized mess that doesn't have stability, think about it carefully. The WB would not work with Iraq if they were a big sloppy mess and they didn't have stability. What we've been waiting on this whole time was stability...they're probably much further along than they're telling you and probably much more organized...
2-4-2021 Newshound/Intel Guru Mnt Goat What we know for FACT is someday very soon the Iraqi dinar reinstatement MUST happen or Iraq cannot become in the long term the great nation it has the potential to be. ...The other FACT that we know is the corruption within Iraq , Iran and the US is holding up the reinstatement of the dinar. This is not my “opinion” but FACT. ...Iraq is ripe with corruption. ...Trump did have a plan to stop the corruption and shut down Iran ’s involvement in Iraq and also the US politicians who are raiding the coffers of Iraqi wealth. His plan was working and Iraq began moving ahead...
2-4-2021 Intel Guru Bruce ...the redemption center personnel for the most part are on standby – 35 minute call time - to be at their desk read to go - the lowest time we have ever had - that’s pretty quick...We are I believe very close...timing is very good – very close and I have the feeling that that we are on the precipice of this thing – just about ready to get started but obviously we’ve been in a position close like this before – we certainly thought so – so we’ll see how this one manifests - we will see if this one does come through – I would be prepared - to go at any moment...I think we are in good shape... and I am excited...
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