Sunday, March 7, 2021

WOTS THU MAR 4 21

 WOTS THU MAR 4 21

The dollar against the Iraqi dinar
prices , exchange offices: the
sale price of the dollar ⬅️ 145,750
purchase price of the dollar ⬅️ 144,750  



The Markets: 
The Asian markets closed down NIK by 2.13%  HSI by 2.15% SHANG by 2.05%
The UK markets are currently trading in the red from .46% to 1.11%
Our futures are currently trading in red the DOW at 31093 down by .46% SNP at  3792.5 by .64% NDQ at 12578.5 by .81%

Precious Metals:
Gold is green at 1714 Silver is red  at  25.93 Copper is red at 394  Platinum is green  at 1170
Brent 63 WTI 60

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1434.2000  1483.9000 1457.7000 1457.7000 1457.7000  0.3000 00:36
 USD/VND  23019.0000  23021.0000 23010.9500 23005.8400 23005.8400  6.0600 00:36
 USD/CNY  6.4678  6.4698 6.4703 6.4655 6.4670  0.0006 05:18
 USD/KWD  0.3021  0.3031 0.3024 0.3022 0.3024  -0.0002 05:16
 GBP/USD  1.3934  1.3935 1.3968 1.3916 1.3947  -0.0013 05:21
 USD/IRR  42000.0000  42210.0000 42097.5000 42097.5000 42097.5000  0.0000 00:00
 USD/IDR  14272.0000  14272.0000 14350.0000 14232.0000 14276.0000  -1.0000 05:20

Things in the News:


Iraqi Articles:

Oil prices are witnessing a cautious recovery pending the OPEC + meeting

link

Oil prices rose for the second consecutive session, today, Thursday, as they received support from the possibility of "OPEC +" producers taking a decision against increasing production at an important meeting to be held later today.

 

Brent crude futures rose 0.8 percent to $ 64.60 a barrel, by 05:53 GMT, after rising more than 2 percent on Wednesday.

West Texas Intermediate crude futures rose 0.8 percent as well, to 61.74 dollars a barrel.

Three sources in the "OPEC +" group, which includes the Organization of the Petroleum Exporting Countries (OPEC) and its allies, said that the group is considering extending production cuts until April, instead of increasing production, as the recovery in oil demand is still fragile due to the Corona virus crisis.

The market expected that OPEC would reduce production cuts by about 500 thousand barrels per day as of next April, and that Saudi Arabia, the largest producer in OPEC, would end a voluntary reduction of its production by an additional million barrels per day.


An expert reveals a "financial surplus" that Iraq will achieve ... and the reason is not related to oil prices!

link

Economic expert Nabil Al-Marsoumi revealed a financial surplus that Iraq will achieve during this year, while it is not just a matter of high oil prices.

Al-Marsoumi said that "Iraq will achieve a large financial surplus in 2021, not only because of high oil prices, but also because of the delay in approving the budget, which will lead to the inability to disburse most investment allocations to ministries and provinces and some allocations for operational expenditures."

Finance: Kurdistan has not submitted a financial statement of its revenues for 6 years

link

The Minister of Finance, Ali Abdul Amir Allawi, confirmed, on Thursday, that the Kurdistan region has not delivered a statement of its financial revenues since 2014.  

According to a document seen by Al-Iqtisad News, in which the minister responded to a written question submitted by MP Faleh Khazali about the financial revenues of the Kurdistan region, where the minister responded by saying: "The Kurdistan region has not sent any table of revenues from 2014 to 2020." 


Iran officially announces its position on the attack on 'Ain al-Assad' base

link

On Thursday, Iran denied any connection with the recent missile attack that targeted the "Ain Al-Assad" base in Anbar Province .

Iranian Foreign Ministry spokesman Saeed Khatibzadeh described, in a statement followed by NRT Arabia (March 4, 2021), "the recent operations in Iraq, including the attack on the Ain Al-Assad base, as suspicious operations ."

He pointed out that "there are doubts about a role for Israel in the attack in order to destabilize the Iraqi government ."

 

Earlier, the US administration confirmed that it would respond to the missile attack that targeted, on Wednesday, American, Iraqi and other forces belonging to the International Coalition at Ain Al-Assad base in Anbar Province, western Iraq, at a time when the Iranian Foreign Ministry described the attack as suspicious .

US President Joe Biden said, "The relevant authorities are working to determine the party responsible for the missile strikes that targeted the Ain Al-Assad base in Iraq ."

White House spokeswoman Jane Saki said that the Biden administration is still assessing the impact of the attack that took place Wednesday, and stressed that the United States responded to the recent Iranian-backed attacks, and this will be the model that we will follow from now on .

But at the same time, she stressed that the administration will not take any hasty or unpredictable decision that may increase the escalation or be exploited by the opponents, as she put it .

US Secretary of State Anthony Blinken assured that his country would not hesitate to launch military strikes if American lives were threatened .

 

The spokesman for the international coalition against ISIS, Colonel Wayne Maruto, said that 10 missiles targeted the Ain Al-Asad air base on Wednesday morning, according to initial reports .

Maruto added - in a tweet on Twitter - that the Iraqi forces are leading the response and investigation into the attack, which comes as part of a series of attacks that Washington accuses Iranian-backed militias of carrying out, explaining that more information will be announced as soon as it is available .

Pentagon spokesman John Kirby said in a statement on Wednesday that an American contractor died of a heart attack while sheltering from the missiles, while there were no reports of injuries among US forces .

"We cannot determine responsibility at this time, and we do not have a full estimate of the extent of the damage," Kirby said, as Iraqi security forces are investigating the attack .

He added that the defense systems of Ain Al-Asad Air Force base were used, and that Defense Secretary Lloyd Austin was following the situation closely .




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  March 4, 2021 total sales amount $ 109,016,000.00 

including   $0. CASH 

ISX Update:   

www.isx-iq.net/

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


3-4-2021   Intel Guru Bruce  [via WiserNow]  ...what’s happening and what we’re seeing today is that some of the intel faucets are being turned off to where sometimes there is only a drip coming out of the faucet... the good news portion of that is that when things get tight – when people become tight lipped or zip lipped – and not allowed to share – under a NDA  or a GAG order  - they have just literally been told not to communicate – that’s a very good sign that things are close...That is probably the best indicator that we are right there – almost ready to start...
3-3-2021   Intel Guru MarkZ   [via PDK]  [2 sites are claiming there are 3 baskets…middle east, Aisia and west…what are your thoughts?]  There used to be multiple baskets…We have been told they moved this to a “one and go” event…they are all moved together into one. I ran this up every flagpole I know and they all agree…all baskets will be going at the same time. There may be a few countries held out because they are not ready and they will have to “float” to catch up…that is what I have been told.

3-3-2021   Newshound/Intel Guru Mnt. Goat   Article:  "THE LAST PAGES OF SUBJUGATING THE STATE OF IRAQ ...SUBJUGATING THE IRAQI DINAR"  Quote:  "TO WITHDRAW CASH FROM THE PEOPLE, WHICH EXCEEDS THE FINANCIAL POTENTIAL OF THE STATE, AS IT IS KNOWN THAT THE MONETARY PROPERTIES IN CIRCULATION..."  They are telling us...the need to shrink the money supply...then why are they doing this? ...This is being done for what comes next, the global currency. If you shrink the money supply then each dinar is worth more, get it?


3-3-2021   Intel Guru Footforward   [It feels very close to me. But after 10 years I’m cautious...does it feel close to you?]  I've been saying for some time I feel this is the time and season. So much is coming together now.

3-3-2021   Intel Guru Frank26  ...the closing of the auctions was amazing - powerful for our investment...the closing of the federal reserves was the same thing...

3-3-2021   Newshound Guru Jeff   Friday...I said Iraq most likely will not complete the budget until Saturday March 20th...24 hours before they change their rate...that way they can hide the budget figures from you.  Article:   "New statement from the Minister of Finance regarding income tax, exchange rate and salaries of 2021"  Quote:   "Allawi issued a new statement regarding changing the exchange rate of the dollar in the '21 budget...we do not know the final form of the general budget amended by Parliament".  They just told you they're hiding the figures from you and they have not publicly shown you the real true budget...Mark my words.  They're most likely going to approve the 20 ['21?] budget on Saturday March 20th...
 
3-3-2021   Intel Guru RayRen98   Several banks have reported seeing rates on their screens and our Treasury contacts are now confirming such sightings.  Some banks reported fluctuating rates throughout last week and then stabilizing for the past two days.  The bank staffers and Treasury are convinced that we are at an "ANY MINUTE NOW" type of status, but TIME WILL TELL!!!

3-3-2021   Intel Guru MarkZ   [via PDK]  Yes it is true…we started seeing rates again in the banks…one day last week we saw them for about 18 hours…showed at $15...something…may be a place holder…and now more banks are starting to see currencies are showing with rates…currencies that weren’t even listed before…and included in this of course is the dinar. Rates are fluctuating a good bit since the first time we saw them a week or so ago…it was in the $15 dollar range now it is fluctuating…I have been told the rates bounced around between $9 and $18…Are these rates place holders?  I don’t know…but are we close?  I certainly think so. Stay grounded…it could happen 2 minutes from now or 3 weeks…nobody knows. Iraq parliament continues to meet…pushing to close out their budget and a new rate is expected to be in there of course...

3-3-2021   Newshound/Intel Gurus Walkingstick and Frank26    [Frank speaking for the CBI to the Citizens of Iraq]   ...citizens of Iraq you still have dinar in mattress don't you.  That's ok...the 1000, the 500, whatever you have - they're still going to coexist but only for a certain time frame Iraqi citizens...GOI you go ahead and use the 50k and the 100k for business.      3.  The CBI will also discuss in these articles to the citizens what was agreed upon with the new exchange rate and the REER (the Real Effective Exchange Rate)... 4.  These meetings are still ongoing.  They will continue even after the value of the Iraq dinar goes up and pegs to the American dollar.  These meetings will continue to make sure that everything is according to what they all agreed upon.  Praise God. [post 2 of 2]

3-3-2021   Newshound/Intel Gurus Walkingstick and Frank26   ...IOO this week or at the start of next week you're going to start seeing more articles from the CBI.   1.  The first articles that will be coming...is an affirmation of the meetings that the CBI has been having with what we call the Fab Four.  These meeting are still ongoing.  2.  Once you see these article of an affirmation about these meetings and their agreements of what they are going to do with their monetary reform, a few days later after that you've going to see more articles from the CBI with information on the face value of the new small category notes...   [post 1 of 2...stay tuned]

3-3-2021   Intel Guru MarkZ   [via PDK]    [...heard the Dong is NOT going in the same basket as the Dinar...it will go with the Asian basket...]  I hope you are right but don’t believe you are…. Iraq holds a crazy amount of Vietnamese dong in its foreign currency reserves and Vietnam holds a crazy amount of dinar in theirs…it would create a global economic imbalance if they do not go at the same time.

3-3-2021   Newshound Guru Jeff   At this point in time what are we looking for?  Iraq has one step left...for them to literally complete the '21 budget before they change the rate.  Are there any unique signs or patterns pertaining to the approval process of the '21 budget?  Yes there is.  It strongly appears as though Iraq is intentionally delaying and dragging out the budget so that they can hide its figures from us...IMO Iraq might change their rate on Sunday March 21st.  One of the patterns we're looking for to help confirm that time period is we're looking for them to delay the '21 budget  clear until possible Saturday March 20th...we need to watch that step and see how it plays out...

3-3-2021   Newshound/Intel Guru Mnt Goat   ... Todays news is all about the budget and the refusal of the Kurdistan region to accept solutions presented to them. What do they want? They want a budget the recognizes and supports the people in the regions of article 140. They also want the oil and gas law... they have had enough of promises and want ACTION...they are also VERY upset over the devaluation of the dinar that took place in December. This move nearly destroyed their economy in Kurdistan...They want the full 17% plus the extra % under article 140. Under the law would guarantee them this but where is the law?



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 Supreme Committee for National Health and Safety holds its meeting under the chairmanship of the Prime Minister, Mr. Mustafa Al-Kazemi

🔵 The committee decides to assign the Ministry of Health to assess the epidemiological and health situation next Sunday, the seventh of March, and to submit a report on the ban.

🔵 The committee stresses the need for citizens to wear masks and impose fines on those who do not, in order to preserve the health of citizens and prevent the spread of the epidemic.

Directing all security services to wear masks and imposing penalties on those who do not comply.

Media Office of the Prime Minister
3-March-2021

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

Prime Minister, Commander-in-Chief of the Armed Forces, Mr. Mustafa Al-Kazemi chairs the Ministerial Council for National Security meeting

Today, Wednesday, the Ministerial Council for National Security held a meeting chaired by the Prime Minister and Commander-in-Chief of the Armed Forces, Mr. Mustafa Al-Kazemi

At the beginning of the meeting, the latest security developments were discussed, and the Commander-in-Chief was briefed on the completion of preparations and preparations for the visit of His Holiness Pope Francis to Iraq, which is a historic visit that places him on the path of stability, development and prosperity, and will also enhance the international and intellectual symbolism of Iraq and its religious reference.

The Council also discussed the attack on Ain Al-Asad base this morning, as the Commander-in-Chief of the Armed Forces confirmed that such attacks are carried out by groups that have no true affiliation with Iraq, targeting Iraqi military bases that cannot be justified under any title or name, and that they harm the progress achieved by Iraq. Whether in terms of overcoming the economic crisis, or the growing role of Iraq in achieving regional and international security and stability.

The Commander-in-Chief of the Armed Forces stressed that the security services have clear directions to take a decisive stance against these groups, regardless of their names and allegations, rejecting attempts to cling to an unreal affiliation with one of the Iraqi security services, and their actions with a false cover, and that holding the abusers accountable from any party will protect the reputation Our security forces are heroic.

His Excellency affirmed that any party that believes that it is above the state or that it is able to impose its agenda on Iraq and the future of its children is more important.

He added that our national and moral responsibility towards our people necessitates that we not allow the logic of weapons to precede the logic of the state. It is imperative for Iraq to extricate itself from regional and international conflicts and move according to pure Iraqi priorities, and we call on all political forces to take declared and clear positions to support the government's approach in this regard and to protect the people and the state.

With regard to the foreign presence on Iraqi lands, the Commander-in-Chief of the Armed Forces emphasized that while those forces came at the request of the Iraqi government at the time, this government took it upon itself to enter into a strategic dialogue with the United States, which has so far resulted in the exit of 60% of the Iraqi government. The coalition forces from Iraq are in the language of dialogue and not the language of weapons, and we are proceeding with the dialogue according to the Iraqi priorities and needs to agree on timetables for the departure of the combat forces, and to agree on mechanisms that provide the training, support and advice our security forces need.

Media Office of the Prime Minister
3-March-2021

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ARTICLE 2 (from Government of Iraq twitter account)

Cabinet discusses expediting delayed hospital projects, mechanisms for importing Covid-19 vaccines

 03 Mar 2021 - 11:41 am

The Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi.

At the start of the meeting the Prime Minister said that despite the attempts to obstruct the work of the government, it succeeded in preventing an economic meltdown, and has taken an important reform step exemplified by the White Paper for Economic Reform.

The Prime Minister said the reserves of the Central Bank of Iraq has increased by four billion US dollars, and that the government was able to tackle the corruption at the notorious foreign currency auction.

The Prime Minister directed all ministers not to repeat the mistakes of previous governments, and not to let bureaucratic practices impede the implementation of strategic decisions.

The Prime Minister directed the ministries of Health, Finance and Planning to work towards resolving the delay in completing hospital projects, some of which date back to 2009.

The Prime Minister also directed that contracts for the purchase of the Covid-19 vaccines must be between the Iraqi government and other governments and vaccine manufacturers directly, and not through intermediaries.

On foreign affairs, the Prime Minister told the Cabinet that Iraq has returned to playing an important role on the international stage and is enjoying the confidence of other nations because of its role in reducing tensions.

The Minister of Health presented a report the latest Covid-19 related developments, and the government efforts to contain the spread of the Coronavirus.

PM @MAKadhimi: targeting Iraqi military bases can’t be justified under any title or name, & that it harms the progress achieved by Iraq, whether in terms of overcoming the economic crisis, or the growing role in achieving security & stability regionally & internationally.
@MAKadhimi chairs a meeting of the National Security Council to discuss recent security developments, and reviews the complete preparations for the visit of His Holiness
to Iraq. The Council discussed this morning's attack on Ain Al-Asad base.
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ARTICLE 3

The Financial Committee rules out the return of previous dollar prices and explains why

3/3/2021 11:13 • 
[Baghdad-Where]
The Finance Committee ruled out, on Wednesday, the return of the dollar’s exchange rates to what they were in the past.
Committee member Jamal Cougar said, "It is not possible to return the exchange rates of the dollar to what it was in the past," explaining the reason to "the current year budget deficit will increase by 22 trillion dinars if this happens."
He explained, "The committee is also afraid of fully returning the budget materials after they were formulated according to the current exchange rates of the dollar," stressing that "citizens will lose confidence in the central bank and the market will be confused again."
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ARTICLE 4

Parliamentary Finance confirms that the budget file has not been resolved due to Kurdistan’s share

 3/3/2021 20:41 • 

[Baghdad_Where]
The Parliamentary Finance Committee confirmed, today, Wednesday, that the federal budget for 2021 has not been handed over to the Presidency of the Council of Representatives, while indicating that the share of the Kurdistan region has not been resolved.
Member of the committee, MP Mahasin Hamdoun, said that "the 2021 budget has not yet been handed over to the Presidency of the Council of Representatives. Rather, a letter was delivered indicating the completion of the budget." .

Hamdoun indicated that "the region's share has not been decided yet," stressing that "the region has shown its willingness to submit all requests and information and has already done so, but the matter is due to the Shiite blocs that have not yet expressed their position with acceptance or rejection."
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ARTICLE 5

Parliamentary economics: Al-Kazemi's justifications for raising the dollar's price have ended

3/3/2021 19:40 
[Baghdad-Where]
Member of the Parliamentary Economic Committee, Representative Mazen Al-Faili, considered, on Wednesday, that the Al-Kazemi government's justifications for raising the price of the dollar have ended.
"The government raised the price of the dollar to 1,450 based on justifications, including that it wanted to achieve a financial difference in the budget to compensate for the collapse of oil prices, but the latter began to rise in tangible rates in the past weeks, meaning that the justification was removed by improving oil selling prices," Al-Faily said.

He added, "The government talks about supporting the national product and at the same time grants 344 items coming from Jordan from customs exemptions," noting that "the vast majority of Iraqis are against the new dollar exchange rates that have affected the markets and foodstuffs."

He pointed out that "the strength of the economy from the strength of the dinar and any decisions made in an ill-considered manner will have grave harm to millions of Iraqis," stressing that "the country's treasury is based on oil revenues, but on the other hand there are non-oil revenues through which real treatments can be provided that contribute to the flow of money." Colossal deal with the financial crisis. "

Large classes of Iraqis have suffered from the repercussions of raising the price of the dollar against the dinar in recent months.
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