WOTS TUE MAR 30 31
See the article about the Indonesian oil refinery explosion below in the "Word on the Street" report
These are the articles that I discussed on the My FX Buddies podcast at: https://anchor.fm/dashboard/episode/etug7o
Parliamentary Finance announces budget readiness for vote and expects to pass in two days
Magda Al Tamimi, a member of the parliamentary finance committee, said Tuesday that the budget law is ready to vote, likely to vote on the budget law within the next two days.
"We expect any moment to set a session by the presidency of the House of Representatives to vote on the budget law," Tamimi told The Shafq News, noting that "the parliamentary finance committee has handed over the draft budget law to the presidency of parliament since mid-February and since then the budget has been ready for a vote."
"The bloc was present in the full number of its members in the House of Representatives to vote on the budget bill last Sunday," she said.
"Some political blocs have objections to some of the articles of the law, so they announced their boycott of the budget vote," she said.
On Sunday, members of the Iraqi parliament's finance committee voted to pass kurdistan's share in the federal budget.
The House of Representatives failed to vote on the 2021 federal budget bill, following continuing disagreements over certain provisions.
The budget allocation is estimated at 130 trillion Iraqi dinars (about 89.6 billion dollars).
Al-Halbousi directs the attendees to hold a session to vote on the budget tomorrow
Parliament Speaker Muhammad al-Halbousi confirmed, on Tuesday, that legislating the budget is an important step, calling on all MPs to attend the voting session tomorrow, Wednesday.
Al-Halbousi said in a statement received by Mawazine News, a copy of it, “Legislation of the Federal Budget Law for the fiscal year 2021 is one of the important steps, because it prejudices the interests of the citizen, and the paragraphs it bears that directly address his needs.” To proceed with the implementation of its government program, and to support service projects that affect the daily life of the citizen.
Al-Halbousi called on the distinguished members of the House of Representatives to “attend tomorrow, Wednesday, at 1 pm, to hold the long-awaited voting session on the budget law,” noting that “the names of attendees and absences will be presented to the public opinion.”
According to the Presidency of Parliament, the agenda for tomorrow’s session will include the presentation of the request submitted by the political forces, which is supported by the signing of more than 172 deputies to vote on the dissolution of the Iraqi parliament in its fourth session, according to the provisions of Article 64 first of the Iraqi constitution, and this step comes in response to popular demands for elections. It is early, and thus the parliament has fulfilled all the requirements and practical steps for conducting early elections, including the formation of an independent commission of judges, enacting the House of Representatives election law, and voting on the First Amendment Law (Order No. 30 of 2005) Federal Supreme Court Law.
Sairoun: There is no disagreement with the other Shiite forces, and we will enter the voting session together
The Saeron Alliance confirmed, on Tuesday, that there are no differences between it and the other alliances, considering what it is promoting is false.
“The voting session on the 2021 budget will be tomorrow, Wednesday, and this is agreed upon between the blocs and there are no disagreements with the rest of the forces, as some Kurdish parties envision,” said a member of the coalition, MP Badr Al-Ziyadi, in a statement to the agency.
He added, “The difference of opinions with the rest of the forces is a natural and possible matter, and tomorrow we will enter the voting session on the budget together, and he has any forms or opinion that he can present in the session to listen to him.”
He pointed out that “some parties are trying to fabricate perceptions of a disagreement between us and the rest of the Shiite forces, and this matter is untrue, as everything that exists is merely a difference in views.”
ANNOUNCING A NEW DATE FOR PASSING IT .. PARLIAMENTARY FINANCE: DISRUPTING THE BUDGET “POLITICAL
The Parliamentary Finance Committee confirmed today, Tuesday, that obstructing the passage of the draft federal budget law for the fiscal year 2021 is "political" and not "technical", while it indicated working to hold a session tomorrow, Wednesday, to vote on the law.
A member of the committee, Majed Al-Waeli, said in an exclusive interview with the National News Center, "The main reasons for the delay in voting on the budget is the imposition of electoral requests, and the pursuit of electoral gain for certain and different parties from all the political blocs in Parliament."
Al-Waeli added, “Since the beginning of its work on the budget, the Finance Committee has made sure that it is purely technical, not an electoral budget, and that the state budget is not a budget of political blocs, but in recent days this path has diverted, and the search for electoral gain by a certain bloc began. Forcing the other bloc to search for balance with the first bloc, and accordingly the demands began to increase and the obstacles abound in the way of approving the budget.
He expressed, “I hope that there will be great eagerness on the part of the Presidency of the House of Representatives to hold the session, and to go towards voting on the budget in a technical, not political, manner, and for all deputies to be stripped of the factional tendencies and their presence will be based on their individual personal convictions, as happened in many situations, Consequently, the budget will be voted on, even partially, and many articles will be approved, such as what happened with the Federal Court Act.
Regarding the date of the possible session to vote on the budget, Al-Waili said, "It is possible that tomorrow, Wednesday, a vote on the budget will be held, which is what we are following up with the Presidency of the Council of Representatives."
He expressed his "hope that there will be concessions in front of the obstacles facing the budget and that the vote will take place.
Kurdish MP: Kurdish representatives are ready to approve the budget law
Member of Parliament for the Patriotic Union of Kurdistan, Rizan Sheikh Delir, confirmed that: Kurdish representatives are ready to approve the budget law.
She said in a televised statement that: The differences still exist and the Presidency of Parliament has not yet set a new date for approval.
And Sheikh Dleir blamed the Presidency of the Parliament for not holding the session.
It indicated that: The Kurdistan region has not received dues of oil revenues since 2014, and only employee dues arrived for the past year.
he exchange rate of the dollar rose significantly today, Tuesday, March 30, 2021, on the main stock exchange and local markets in the capital, Baghdad.
The exchange rate of the dollar rose today, on the Central Kifah Stock Exchange in Baghdad, to 145,450 dinars for every $ 100 bill.
The prices of buying and selling currency also jumped in the exchange offices and local markets in Baghdad, where the selling price reached 146,000 dinars for each $ 100 note, while the purchase prices reached 145,000 dinars for each $ 100 bill.
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1433.6000 |  1484.5000 | 1458.3000 | 1457.8000 | 1457.8000 | 1.1000 | 10:17 |
| USD/VND | 23070.0000 | 23080.0000 | 23066.2700 | 23061.9200 | 23061.9200 | 4.9800 | 00:25 |
| USD/CNY |  6.5635 | 6.5655 | 6.5736 | 6.5631 | 6.5687 | -0.0052 | 05:13 |
| USD/KWD | 0.3018 | 0.3028 | 0.3020 | 0.3019 | 0.3020 | -0.0002 | 04:39 |
| GBP/USD | 1.3764 | 1.3764 | 1.3782 | 1.3742 | 1.3758 | 0.0006 | 05:13 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14520.0000 | 14520.0000 | 14536.0000 | 14447.0000 | 14463.0000 | 57.0000 | 05:11 |
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Parliamentary Finance announces budget readiness for vote and expects to pass in two days
Magda Al Tamimi, a member of the parliamentary finance committee, said Tuesday that the budget law is ready to vote, likely to vote on the budget law within the next two days.
"We expect any moment to set a session by the presidency of the House of Representatives to vote on the budget law," Tamimi told The Shafq News, noting that "the parliamentary finance committee has handed over the draft budget law to the presidency of parliament since mid-February and since then the budget has been ready for a vote."
"The bloc was present in the full number of its members in the House of Representatives to vote on the budget bill last Sunday," she said.
"Some political blocs have objections to some of the articles of the law, so they announced their boycott of the budget vote," she said.
On Sunday, members of the Iraqi parliament's finance committee voted to pass kurdistan's share in the federal budget.
The House of Representatives failed to vote on the 2021 federal budget bill, following continuing disagreements over certain provisions.
The budget allocation is estimated at 130 trillion Iraqi dinars (about 89.6 billion dollars).
Kurdish MP: Kurdish representatives are ready to approve the budget lawMember of Parliament for the Patriotic Union of Kurdistan, Rizan Sheikh Delir, confirmed that: Kurdish representatives are ready to approve the budget law. The stability of oil prices and Brent, up to $ 64.91 a barrelOil prices remained stable, on Tuesday, with the resumption of shipping traffic through the Suez Canal. |
CBI Update: Just a note:
including $0. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
3-29-2021 Intel Guru Frank26 Question: [If we go into April with no RI would they be able to retro the rate back to January 1st?] Yes...they can retroactive any time during the fiscal year...
3-29-2021 Intel Guru Footforward The IRS has not made a ruling yet on dinar or how it will be taxed...
3-29-2021 Intel Guru MarkZ Iraq attempted over the weekend to get the budget vote done…they stayed until 10:00 or 11:00 their time last night in parliament …they are meeting again today in an attempt to get the budget out the door. Iraq has been on the precipice of passing the budget all weekend. I think they are stringing them along until the US is ready…and I hear we are ready at any minute…hearing fantastic things…we still see everybody at the edge of their seat waiting. There was no bad news this weekend…just not hearing the thing we all want yet. All eyes were on Iraq for the budget signing to show whether it was finished or not.
3-29-2021 Intel Guru Frank26 Question: [Do you think you will have to sign a Nondisclosure of any form when we exchange with our banks?] No! What is the bank going to tell you, 'Don't tell no body that we just made a lot of money exchanging the Iraqi dinar for you with our spread. We don't want that business anymore. Shhhh.' See how dumb that is?
3-29-2021 Newshound Guru Breitling I think it was at 1 or 2 percent charge or whatever it was...don't worry about it. Once there's value added to it and people start to exchange and they [banks] see they will be able to make money off of the exchange...they are going to fight for your currency. Not only that but the traders that are out there where a lot of people bought their currency are going to be fighting for the currency. Period end of story. It's going to be a competition and you're going to be sitting in the driver's seat. That's not going to be a problem. [post 2 of 2]
3-29-2021 Newshound Guru Breitling Question: [My big worry when the time comes to cash out is that the currency traders are the only avenue for exchanging the dinar. Currently they are getting around 20% of that. Is that a fact?] Yes it is. Every business model there is you charge 20%...you get a 20% return at a minimum. They're not doing anything out of what everybody else is doing. [If that is so, who can we trust?]. Banks. Banks will be competing for the U.S. dollar...I bought all of my currency from a bank. I didn't buy it from a currency trader. [post 1 of 2....stay tuned]
3-29-2021 Intel Guru Footforward [...do you mind sharing again what rate range you’d expect dong to revalue at, in your opinion?...] 15 cents I think is very reasonable. In my opinion. 25 cents would be on the high end in my opinion.
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