WOTS TUE FEB 23 21
The exchange rate of the dollar fell on the main stock exchange for the second day in a row in the Iraqi capital, Baghdad, and the Kurdistan region, today, Tuesday (February 23, 2020).
Our correspondent said that the Central Kifah Stock Exchange in Baghdad today recorded 145700 Iraqi dinars against 100 US dollars, while the Al-Harithiya Stock Exchange recorded 145,750 Iraqi dinars against 100 US dollars.
And the Central Al-Kifah Stock Exchange registered 145,950 Iraqi dinars during its opening on Monday morning.
Our correspondent indicated that the buying and selling prices also decreased in the banking shops in the local markets in Baghdad, where the selling price reached 146,250 Iraqi dinars, while the purchase prices reached 145,250 dinars per 100 US dollars.
In Erbil, the capital of the Kurdistan region, the dollar’s price has also witnessed a decline, as the selling price reached 146,000 dinars per hundred dollars, and the purchase was 145,700 dinars per hundred US dollars
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1459.0000 | 1464.0000 | 1457.9000 | 1457.9000 | 1457.9000 | 0.1000 | 00:40 |
| USD/VND | 23025.0000 | 23035.0000 | 23012.9100 | 23006.0200 | 23006.0200 | 7.5800 | 02:42 |
| USD/CNY | 6.4634 | 6.4654 | 6.4634 | 6.4564 | 6.4623 | 0.0004 | 05:06 |
| USD/KWD |  0.3021 | 0.3031 | 0.3024 | 0.3021 | 0.3024 |  -0.0003 | 05:09 |
| GBP/USD | 1.4079 | 1.4079 | 1.4097 | 1.4057 | 1.4060 | 0.0019 | 05:10 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | -914.4000 | 07:13 |
| USD/IDR | 14127.0000 | 14134.0000 | 14129.0000 | 14068.0000 | 14116.0000 | 10.0000 | 05:07 |
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The price of oil jumps to 66 dollars and is expected to rise to 75 dollars
Brent oil prices jumped by 1.58%, today, Tuesday, bringing the price of one barrel to 66 dollars and 27 cents, while the price of West Texas oil reached 61 dollars and 49 cents.
This increase, supported by the expected slow return to US crude production, comes after production was halted following the extremely cold wave that struck Texas last week.
And expectations indicated that oil fields in the southern United States need at least two weeks to be able to recover and produce two million barrels per day.
He suggested the head of global market strategy at Ax Stephen Annis, the continuing rise in oil prices.
In the context, experts on Wall Street indicated that the price of a barrel of crude oil may reach $ 70 in the second quarter of this year, and that it will rise to $ 75 in the third quarter.
Edward Moya, a marketing analyst at OANDA, explained that there is a great global demand for oil due to the improvement resulting from the Pfizer vaccine achieving good results in preventing the Corona virus, as the spread of the pandemic was the reasons for the market decline.
It is scheduled that OPEC + oil producers will meet on the fourth of next March to discuss restrictions on supplies after April, given the recovery in prices despite the expected limited increase in production due to the continuing uncertainty surrounding the Corona pandemic.
Parliamentary planning: The budget will be passed quickly when presented to a vote
The Government Program Control and Strategic Planning Committee, Tuesday, ruled out returning the budget to the government because the amendments that were made in agreement with the government are likely to pass the budget quickly if it is presented to a vote.
The deputy head of the committee, Muhammad Karim, said in a press interview, that “the Finance Committee communicates first-hand with the government when making amendments to the budget paragraphs by taking into account the government's view,” excluding “returning the budget to the government because its point of view is first informed.”
He added that "most of the representatives of the political blocs, including those in the region, are keen to find solutions to the problem of the region and that solutions are available because the two parties have come a long way from the agreement," indicating that "this eagerness to pass the budget quickly without tugging."
Karim indicated that "there is no estimate for the mother to present the budget in a specific time as it is related to resolving all the obstacles that concern the region."
The Iraq Stock Exchange tops the Arab stock markets with a weekly trading index of 4.18%
According to the weekly newsletter issued by the Arab Monetary Fund, the Iraqi Stock Exchange topped the weekly trading index at the level of Arab stock exchanges, reaching 544.38 points, which confirms the improvement in some sectors such as telecommunications, industry and banking, which recorded rates of 1.98%, 3.87% and 5.68% Respectively .
It is noted from the analysis of comparisons with the Arab stock exchanges included in the weekly newsletter that the market may be issued for the second consecutive week and that there is a remarkable development in the activities of the Securities Commission and the Iraq Stock Exchange in its early activity for the year 2021 despite the complex conditions that the Iraqi economy is going through and the Iraqi Stock Exchange is contributing efforts It is exceptional in economic reform, stimulating and attracting investment, which is clear evidence that the authority and the market are working according to a carefully drawn strategy in support of our national economy and activating the white paper of reform programs and projects during the next three years.
Washington: We will not contribute to an escalation that Iran is using to destabilize Iraq
The US State Department held Iran responsible for the attacks carried out by its agents that target the Americans, while it stated that the weapons with which it carried out the attacks against its interests in Iraq are Iranian-made.
The Foreign Ministry stated in its daily press briefing that Washington will not push for an escalation that Iran is exploiting to achieve its goal of destabilizing Iraq, affirming Washington's support for expanding NATO's mission in Iraq
CBI Update: Just a note:
including $0. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
2-22-2021 Newshound Guru Breitling [Question: What do you think the dinar can revalue at if it revalues in the next few months...Is March/April still the target date for revalue?] ...It's between .55 and .66 cents. .55/.66 cents was before the oil markets took a big hit...as far as a time frame from what Iraq is looking at - remember they wanted to devalue their currency, renegotiate on paying back their loans at a cheaper rate and then see where they're at and hit that milestone in April. That's exactly what their words are. Meaning, what can they do. How are they going to treat the currency. That's not off the table. That's still there. That means a lot for you and me.
2-22-2021 Newshound Guru MilitiaMan Article: "The Iraqi Interior Minister arrives in Saudi Arabia at the head of a high-level delegation" Quote: "Without disclosing the purpose of the visit, which had not been announced previously." [Perhaps they are there as part of the launch of the new electronic payment system (QFS). BTW, set for launch today...] Perhaps...I would say your spot on. Things of this nature are not by coincidence, they are by design and a purpose...imo...
2-22-2021 Intel Guru MarkZ [via PDK] Well, everybody is staying in position. I talked to a couple of folks…paymasters and group leaders…and they are being asked to stay in position until the end of the first week of March...some people would like to leave…yes…and one person that I speak to regularly approached management of a bank (with 2 letters) and said he was tired of sitting here. He was told point blank to stay in place…that this thing is imminent…so I am not worried.
2-22-2021 Newshound Guru Jeff When the rate does change Iraq will...have large 3 zero notes and smaller notes...the lager 3 zero notes and the new smaller notes are all still being as IQD. Nothing is replacing anything. Nothing is being cancelled out. What will happen over a period of time is the large 3 zero notes will be removed and withdrawn from circulation...when the rate changes...you're going to have large notes and small notes in circulation together at the same time sharing the same new increased exchange rate...that's how we get blessed from this...
2-22-2021 Intel Guru Footforward [I thought the dinar must be sent to the US Treasury for exchange? Possibly a 10 day turn-a-round to clear our accounts. Most likely the banks will exchange a small amount into cash, maybe 10K...] ...they have the ability to verify in house...they won't give us tons of cash, but a 10 day turn around...if they have to send everything to the UST, what a nightmare... The treasury will keep the dinar. I don't question that. The treasury will be sending it back to the Central Bank of Iraq...
2-22-2021 Newshound Guru MilitiaMan Article: "Advisor Al-Kazemi: Iraq is on the edges of economic recovery in two areas?..." Quote: "It was also "expressed" in the white paper recently approved by the Council of Ministers by establishing a blueprint and an institutional entity (for economic reform), which is the linchpin of this developmental sustainability." Looks like Iraq has been given the GREEN LIGHT!! ...I like the use of the word expressed...It means to me they have a mechanism that has an expression to it. As in an international way of expressing their mechanism or exchange rate to the world that is in the white paper recently. They'll need it as it is the CORNER STONE or foundation of the reconstruction effort and the overall country's reforms going forward...Imo. Game is about to kick off. imo.
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