WOTS APR 7 21
The are the articles I discussed on the My FX Buddies Podcast at: https://anchor.fm/dashboard/episode/euffuf
Al-Maliki's coalition: We will restore the exchange rate of the dollar to what it was
The State of Law coalition, led by Nuri al-Maliki, confirmed today, Wednesday, that it is determined to return the exchange rate to what it was.
The deputy of the coalition, Khalaf Abdul Samad, said in a statement received (the Iraqi Media News Agency / INA), “We affirm our steadfast, principled position by refusing to raise the exchange rate of the dollar that we clearly embodied through our refusal to vote on the budget, and we point out in this regard that what he said The president of the Finance Committee is untrue and untruthful. He aims to mix the papers. We affirm that the Iraqi people are more intelligent than being deceived by the attempts of distortion that we believe that the electoral goals are the ones standing behind them.
Abdul Samad added: “We also confirm that the vote session on the budget was the real field to prove standing with the poor and the vulnerable classes of our people, and what happened in the vote to raise the exchange rate in the budget is a big mistake that those who voted on the budget bear regardless of justifications.”
He concluded by saying, "We are in a state of law. We will continue our efforts to return the exchange rate to what it was and defend the poor and middle classes and those with limited income.
The regional government is discussing the Kurdistan’s share of the budget ... and Barzani: We are committed to implementing it
Today, Wednesday, April 7, 2021, the Council of Ministers of the Kurdistan Region held its regular meeting chaired by Prime Minister Masrour Barzani and in the presence of Deputy Prime Minister Qubad Talabani.
The Prime Minister stressed that the Kurdistan Regional Government is committed to the provisions of the budget law, and called on the federal government to fulfill its obligations towards the Kurdistan Region.
The Prime Minister also indicated that the Kurdistan Regional Government will continue the reform process and work to increase revenues and reduce costs in an effort to secure the entitlements of those who receive salaries and improve the economic situation in the Kurdistan Region.
In the first paragraph of the meeting, the Deputy Prime Minister and the head of the negotiating delegation with the federal government presented the results of the discussions in Baghdad, praised the role of the members of the delegation, and indicated the need for both the federal government and the regional government to adhere to the instructions that will be issued later in order to implement the budget law for 2021.
He emphasized: "We stressed during our discussions with Parliament, the government and the Iraqi parties on adhering to the constitution and securing financial dues for the Kurdistan Region."
In the second axis of the meeting, the Minister of Planning, Dara Rashid, presented a report on the latest preparations for drafting the first draft of the Kurdistan Region Budget Law for the fiscal year 2021, and stressed that the preparatory work has made good steps, and that the draft law will be ready in the near future.
At the conclusion of the meeting, discussions were held about the epidemiological and health situation in the Kurdistan Region and the spread of the Corona epidemic on a wider scale, and in light of this, the Council of Ministers called on citizens to adhere to precautionary measures and health instructions in order to reduce injuries, especially with the increasing rate of injuries now.
tyre.. International coalition delivers equipment worth more than $18 million to Iraqi interior
Major General Yahya Rasoul, spokesman for the Commander-in-Chief of the Armed Forces, announced Wednesday that the Interior Ministry has received military equipment from the international coalition valued at more than $18 million.
At Ain al-Assad Air Base, the Interior Ministry is receiving more than 18 million equipment, including more than 1,250 weapons and 81 SUVs, Rasoul said in a statement.
In an unprecedented situation. Kadhimi explodes "anger" at Iran
Iraqi Prime Minister Mustafa Al-Kadhimi has asked Iran's leaders to rein in Iranian-backed militias in Iraq and sent a strongly worded message to Tehran hinting that he is ready to confront these armed factions, two Iraqi officials said
Kadhimi's positions coincided with the third round of strategic dialogue between Baghdad and Washington, which is supposed to deal with the US military presence in Iraq and Iranian-backed factions operating outside state authority.
Iraq has asked for a new round of dialogue in response to pressure from Shiite political forces and pro-Iranian militias demanding the departure of US troops. Us Secretary of State Anthony Blinken and Assistant Secretary of State for Political Affairs David Hill are also participating.
Last week, gunmen paraded their strength through a military convoy in central Baghdad, personally threatening Kadhimi, denouncing the continued US military presence.
In response to the militia's show of force, Kadhimi sent a strongly worded message to Tehran asking it to use its influence to stop these armed groups, two Iraqi officials told The Associated Press.
Al-Kadhimi threatened to make it clear who supported the groups and expressed his willingness to confront them, the officials said.
It was not clear who specifically addressed the Iraqi message. The timing suggested that Kadhimi, who seemed unable to confront the militias, was looking forward to appeasing the Americans ahead of wednesday's strategic dialogue sessions, she said.
Kadhimi's message led to a two-day visit to Baghdad by the commander of Iran's Revolutionary Guard's Quds Force, Brig. Gen. Ismail Qaani, who met with government officials and leaders of Shiite factions, and called for calm, special sources told Shafq News.
Iraqi and US officials have already said they support scheduling a US withdrawal from Iraq, but questions remain about the time frame and the extent of the threat posed by ISIS. A US official said last month that the United States planned to use dialogue sessions with Iraq to make it clear that coalition forces were in the country at the invitation of the Iraqi government and only to train and advise Iraqi forces.
The President of the Republic approves the 2021 budget and returns it to the government to work on it from tomorrow
An informed political source said on Wednesday that the presidency has ratified the budget law and returned it to the government to work on it.
The source told Shafq News, that President Barham Saleh, today approved the federal budget for 2021, and was sent to the Ministry of Finance to start work on it from Thursday.
On Tuesday, Deputy Speaker of the House of Representatives Bashir Haddad announced that the Council had referred the Federal Budget Act of 2021 to the Presidency for approval.
According to a document signed by Deputy Secretary-General of the House of Representatives Sadiq Juma Hamid, addressed to the Office of the Presidency of the Republic, obtained by Shafq News, that "based on article 73, Section III, of the Constitution, we send you (Federal Budget Act 2021)."
This is the daily Word on the Street Report below:
On Wednesday, the dollar rose slightly on the main stock exchange in Baghdad and Kurdistan province.
According to a Correspondent for Shafq News, the Central Struggle Exchange in Baghdad recorded 147,100 Iraqi dinars compared to $100.
The Central Struggle Stock Exchange opened Tuesday morning at 146,900 Iraqi dinars.
Our correspondent pointed out that the prices of buying and selling settled in banking shops in the local markets in Baghdad where the sale price reached 147,500 Iraqi dinars, while the purchase prices reached 146,500 dinars per 100 U.S. dollars.
In Erbil, the capital of Kurdistan province, the dollar rose to 147,100 dinars per 100 dollars, buying and 146,800 dinars per 100 countries.
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1425.8000 |  1476.4000 | 1457.2000 | 1457.2000 | 1457.2000 | 1.6000 | 06:11 |
| USD/VND | 23090.0000 | 23095.0000 | 23077.1700 | 23070.2200 | 23070.2200 | 8.4700 | 22:42 |
| USD/CNY | 6.5420 | 6.5440 | 6.5450 | 6.5362 | 6.5387 | 0.0035 | 05:12 |
| USD/KWD | 0.3014 | 0.3024 | 0.3018 | 0.3016 | 0.3018 | -0.0002 | 04:59 |
| GBP/USD | 1.3831 | 1.3832 | 1.3839 | 1.3772 | 1.3821 | 0.0009 | 05:12 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 |  0.0000 | 00:00 |
| USD/IDR | 14562.0000 | 14562.0000 | 14567.0000 | 14458.0000 | 14464.0000 | 97.0000 | 05:11 |
Bezos, Musk top record-setting list...
Kardashian joins...
Your 'smart home' is watching -- and possibly sharing your data with police...
Army Incorporates Facial Recognition For Base Access...
Tim Cook Wants Americans to Vote on Their IPhones!
Economy growing at fastest pace since 1984!
YELLEN: GLOBAL TAX NOW...
Agreement by June?
Bezos Supports Infrastructure Bill, Corporate Tax Hike...
Iraq maintains its rank with the largest gold reserves
The World Gold Council said, on Wednesday, that Iraq has maintained its 38th position in the world's largest reserves of the precious yellow metal.
In its latest schedule for the month of April 2021, which was seen by "Al-Economy News", the council said, "Central banks' possession of the 100 countries listed in the schedule amounted to 35,218 thousand tons," indicating that "Iraq has maintained its 38th position with the world's largest reserves of the precious yellow metal and the fifth Arab reserves by 96.3 tons, which represents 8.9% of the rest of the other reserves. "
He added that the United States of America still ranks first in the largest gold reserves with 8,133,000 tons, followed by Germany with 3,362,000 tons, while Yemen comes to the top with 1.6 tons, followed by Haiti with 1.8 tons.
He pointed out that "the main buyers of gold during this month are India, amounting to 11.2 tons, Uzbekistan, by 7.2 tons, Kazakhstan, 1.6 tons, and Colombia, 0.5 tons, while the main sellers were Turkey, with an amount of 11.7 tons."
It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.
Oil prices rise on strong economic outlooklink
Oil prices rose wednesday on the prospect of stronger global economic growth amid increased vaccinations against CORONAVIRUS and a report of lower crude inventories in the United States, the world's largest fuel consumer.
Brent crude futures rose 34 cents, or 0.5 percent, to $63.08 a barrel by 0507 GMT, while U.S. West Texas Intermediate for May rose 32 cents, or 0.5 percent, to $59.65.
Prices rebounded as Tuesday's data showed U.S. jobs rose to a two-year high in February as hiring increased. This followed earlier data showing that U.S. service activity reached a record high in March, and China's services sector showed the biggest increase in sales in three months.
The International Monetary Fund said on Tuesday that unprecedented public spending on the fight against Covid-19, particularly by the United States, would drive global growth to 6% this year, a rate not seen since the 1970s.
U.S. crude inventories fell in the last week, while fuel inventories rose, citing API figures ahead of government data on Wednesday.
U.S. oil production is expected to fall by 270,000 barrels per day (bpd) in 2021 to 11.04 million barrels per day( bpd), down sharply from its previous monthly forecast of 160,000 barrels per day, the U.S. Energy Information Administration said Tuesday.
The Governor of the Central Bank praises the private banks: they respond to our directions
The Governor of the Central Bank of Iraq praised, on Wednesday (April 7, 2021), the private banking sector in the country, noting that it responds to the directions of the bank.
The bank’s media said in a statement received on the IQ NEWS website , that the Governor of the Central Bank of Iraq, Mustafa Ghaleb, held a meeting today with the private banking sector in the presence of the Mayor of Baghdad, Alaa Maan , indicating that the governor confirmed during his speech at the meeting that the private banking sector has an honorable role in Supporting community initiatives, especially in the current economic situation in the country and the world
The governor indicated that the Central Bank has taken upon itself, in community initiatives, matters of interest to support culture, empower women, provide job opportunities for young people, and rebuild monuments, buildings and heritage monuments of interest to the community in a way that revives the heritage of our country, explaining that private banks have responded greatly to these pioneering trends .
The governor explained that the bank is seeking, in its new initiative, to rebuild Al-Mutanabi Street, the cultural center in Baghdad, expecting that these participations made by private banks today will contribute to the development of the most important features of the capital, Baghdad, in addition to other community activities
CBI Update: Just a note:
including $0. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
4-6-2021 Newshound Guru Pimpy Article: "It will continue for five years and 600 pending procedures. Allawi reveals the second part of the white paper" This is the one article that people are a little bit confused about...for some reason people are thinking that the exchange rate is gonna stay the same for that long and nowhere in here does it say that it's gonna take five years before they change the rate.
4-6-2021 Intel Guru Frank26 Only pay attention to the Prime Minister Kazemi. Only pay attention to the Central Bank Governor Mustafa...all the negativity you see out there in those article you have been well trained how to decipher it...I saw a post from someone today that said I saw that article today it was from parliament, yeah it was his opinion so I flushed it. I posted well done good student...that's how you get rid of these headaches. If you really want to be aware of what you're doing with this investment you have to be a good student...
4-6-2021 Intel Guru MarkZ [via PDK] The good news coming out of Iraq is they shut down all foreign currency auctions on us dollar and Iraqi Dinar yesterday…they won’t sell any more in anticipation of the change in value. One article I read is (if translated right) sometimes in the next 10 days they expect a change in value.
4-6-2021 Newshound/Intel Guru Petra Stopping the auctions...nobody wants to be on the bad side of the equation. I consider it like hot potatoes...You didn't want to be stuck with the hot potato when the music turns off. The banks are feeling the same way. They don't want to be stuck holding that hot potato and they lose on the transaction. They're very very conservative. IOO they are being very wise in holding off on those auction until Monday-Tuesday-Wednesday of next week. There's got to be a reason for that. Right now the budget has not formally become law because it has not been signed by the president to our knowledge and it has not gone into the gazette. The president has between 3 and 15 days to sign that budget...we have until the 14th for that event to occur. Again, rate before budget. The rate has to be in that budget before it becomes law. We're in quite a countdown now.
4-6-2021 Intel Guru Frank26 Aren't you impressed, now I know it's not signed but...we have a budget. Do you realize that we've never had a budget since 2003 when we went in there to rescue them. There was no budget. Why? There was no need. Why? There was no new rate. Now all of sudden we have a new budget for the very first time. The president is about to sign it. It's about to come in and bring in the white papers. Don't you just find it delicious?
No comments:
Post a Comment