WOTS FRI MAY 21 21
These are the articles I discussed in the My FX Buddies Podcast
Iraq is facing a date to officially restore the previous dollar exchange rate
same article as yesterday with less details but again there is no way they can go 4 more years at this rate peacefully
The Parliamentary Economic and Investment Committee confirmed that the exchange rate of the dollar against the Iraqi dinar is fixed and does not change until 2025.
It was assumed that "changing the exchange rate of the dollar against the Iraqi dinar for one year only," according to committee member Nada Shaker Jawdat, but "the agreement of the political forces and the government was the opposite."
According to the agreement, "the exchange rate of the dollar remains constant until 2025," according to what Jawdat spoke, noting that "raising the price of the dollar caused the price of foodstuffs and spare and construction materials to rise by 25% from their real value."
"Had it not been for the approval of the heads of political blocs, Prime Minister Mustafa Al-Kazemi, the Minister of Finance and the Governor of the Central Bank would not have dared to change the exchange rate of the dollar against the Iraqi dinar," Jawdat continued.
And the Iraqi parliament voted on (March 31, 2021), on the first article of the budget law, which included the adoption of the dollar exchange rate of 1450 dinars per dollar.
The first article proposed, to calculate the price of a barrel of oil at 65,000 dinars, without mentioning the exchange rate, which pushes the dollar exchange rate, as suggested, at 1450 dinars per dollar.
Two months after its fixation, the dollar’s exchange rate will not return to its previous level before 2025
link no way they can do this and make all the goals and plans in the White Paper happen
The Parliamentary Economic and Investment Committee confirmed, on Thursday, that the exchange rate of the dollar against the Iraqi dinar is fixed and does not change until 2025.
It was assumed that "changing the exchange rate of the dollar against the Iraqi dinar for one year only," according to committee member Nada Shaker Jawdat, but "the agreement of the political forces and the government was the opposite."
According to the agreement, "the exchange rate of the dollar remains constant until 2025," according to what Jawdat spoke to Shafaq News, noting that "the rise in the dollar price caused the price of foodstuffs and spare and construction materials to rise by 25% from their real value."
"Without the approval of the heads of political blocs, Prime Minister Mustafa Al-Kazemi, the Minister of Finance and the Governor of the Central Bank would not have dared to change the exchange rate of the dollar against the Iraqi dinar," Jawdat continued.
And the Iraqi parliament voted on (March 31, 2021), on the first article of the budget law, which included the adoption of the dollar exchange rate of 1450 dinars per dollar.
The first article proposed, to calculate the price of a barrel of oil at 65,000 dinars, without mentioning the exchange rate, which pushes the dollar exchange rate, as suggested, at 1450 dinars per dollar.
Summer bears its teeth ... heat of forty days, starting from Friday, and warnings of the sun's rays!
Weather forecasts, on Wednesday, indicate that the country will be affected by high and medium-rise clouds on Thursday, with a significant rise in temperatures.
Weather forecasters Hussein Al-Asadi said in a clarification followed by "Nas" (May 19, 2021), that "weather maps indicate that the country will be affected by high and medium-altitude clouds tomorrow, Thursday, as they start from the south of the country and deepen Friday over most areas, causing partly cloudy weather." To cloudy in some areas, and most of them will be passing clouds without rain, with the availability of random rain showers on Friday afternoon and evening on the western region and may include other areas of the north of the country, which is a weak and changing opportunity.
"The country will also witness fluctuations in wind movement between the northwest and southeast during the coming days, and there will be activity in the northwestern winds on the western region on Saturday evening, and they will be very dusty, according to the latest data," he added.
He continued, "While the country will witness a further rise in temperatures, during Friday and Saturday, to reach the end of the forties, especially in the southern regions, and to a lesser extent in the rest of the regions. Therefore, it is advised not to be exposed to direct sunlight for long periods," indicating that "weather maps indicate To a decrease in the rise above, by several degrees, starting next Sunday.
The attached map shows the movement of clouds now in addition to the temperatures during tomorrow, Thursday, according to Al-Asadi:
Blocking roads and protests .. The summer heat is burning the people of Nasiriyah
On Friday, the people of the Salihiya neighborhood, in the center of Nasiriyah, blocked a road to protest the deterioration of the electricity situation.
Our correspondent said, "The people demonstrated and blocked Al-Orouba Road with burning tires, in protest against the deteriorating electricity situation amid high temperatures."
He added, "The demonstrators called for improving the electricity situation or taking escalatory steps."
Parliamentary Finance expects the date for the government’s budget appeals
Committee member Naji Al-Saeedi said in a press statement, "The government has challenged some items of the current year’s budget that it considers to be an" absolute executive authority "and that pertains to the committee's scrutiny of budgets before sending them to the Ministry of Planning, as well as items related to the degrees of deletion and creation that were originally removed from the budget. That "these appeals are decided within the next two weeks."
He added, "The government has challenged the Finance Committee's deletion of paragraphs relating to funds that it deems to be surplus to need, while the government considers it to be key articles."
He noted that "it is not possible to amend the budget law because this means the need to legislate a new law, but appealing to the budget clauses is a legitimate right of the federal government, pointing out that" the budget is valid and the appeal does not affect that, except in the event of a judicial order. "
The federal government had confirmed its intention to challenge some of the budget items and considered that the amendments made to it by Parliament affect the health, electricity and other sectors, indicating that the appeal will also affect the article related to regional development projects, and it has also stressed the need for separation of powers in the country.
Advisor to the Prime Minister: 50 trillion dinars outside the control of Iraqi banks
The financial advisor to the prime minister, Mazhar Muhammad Salih, revealed the existence of 50 trillion dinars outside the control of the banking system, indicating that there are reasons that impede private investment and others that have caused the emergence of a "usurious" credit system.
Saleh said in a press statement that the parallel market is still granting its usurious cash loans to the public on very high-cost loan terms, as the annual interest in it is between 50-80%, (which is called obscene interest) and the usurious market is a parallel financial market (unorganized) ) Highly exploited with high risks, but at the same time it has high flexibility in dealing with stagnant cash liquidity by moving the interest-based tool. Important and vital that is currently trading outside the control of the legal or official banking system, "explaining that"Both scenarios, whether in the formal financial or banking market, or the parallel interest-based market (informal and unorganized) have made it difficult for the public to obtain credit or loans, whether at reasonable costs or conditions, especially loans that are commensurate with the average income of the general social class that needs money. Pushing the monetary policy to really go to (direct quantitative) intervention in the official credit market by adopting credit facilitation policies and supporting the market with very easy and low-cost loans, most of which were provided (within the initiative of the Central Bank of Iraq), whether in the form of housing loans through the government real estate credit apparatus (the Real Estate Bank and the Housing Fund) ) Or in the form of supporting economic activity with small, medium and large loans in various economic fields.
He concluded by saying, "The liquidity obtained from these bonds will help, as they are excellent debt instruments, in activating the granting of credit, especially to small borrowers, on easy terms through banks or digital financial companies and others. Small or microfinance.
here's a different version that has a little bit more details
Advisor Al-Kazemi reveals that there are 50 trillion dinars outside the control of the banking system
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed today, Thursday, two restrictions that curb the banking credit system, and while he confirmed the existence of 50 trillion dinars outside the control of the banking system.
Saleh said that "the banking credit system in Iraq is subject to inherited and complex structures, the first limitation of which is the high risk of debt recovery and default in the collection of loans granted, which amount to 18%, while the global standard rate of defaults does not exceed 3%, which pushes banks to make large hedges." And constantly around the capital to face credit losses due to the same quality of guarantees, which are often real estate that cannot be liquefied at default, which increases the degree of reluctance to grant cash credits or loans or helps to raise credit risks by strictly using high bank interest, "pointing out that" "The loans granted by banks to the public or to the public are still no more than 5% of the gross domestic product, which is the lowest in the world."
He added, "The second constraint is the decrease in the ability of banks to mobilize public liquidity leaked outside the banking system, which is in the possession of the public and in the form of cash hoardings. They are deducted from the income cycle and are outside the control of the official financial system and are subject to the behavior of the public in demanding cash liquidity because of its customs and traditions in revering liquidity." The available cash is immediately under the hand, "indicating that" these funds are considered in all cases important financial surpluses and a large cash wealth (immobile and only partially conducive to the private investment activity). Low across the banking system itself instead of being hoarded in homes, and its averages are estimated as hoarded surplus liquidity outside the banking system today, equivalent to about 25% of the gross domestic product of Iraq. "
He pointed out that "based on these patterns of monetary habits and the initial interaction with the surplus cash liquidity outside the legal banking credit system, a (usurious) credit apparatus has been formed in the parallel or informal financial market, as the parallel market continues to grant its usurious cash loans to the public on loan terms. Very high cost, as the annual interest in it is between 50-80%, (which is called obscene interest). The usurious market is a parallel (unregulated) financial market that is highly exploited with high risks, but at the same time it has high flexibility in dealing with stagnant cash liquidity. By moving the usurious interest tool. "
And he continued, "Its money is estimated, as we have mentioned above (as leaked funds available outside the banking system) at perhaps 50 trillion dinars, which are important and vital funds that are currently trading outside the control of the legal or official banking system," explaining that "Both scenarios, whether in the formal financial or banking market, or the parallel interest-based market (informal and unorganized) have made it difficult for the public to obtain credit or loans, whether at reasonable costs or conditions, especially loans that are commensurate with the average income of the general social class that needs money. Pushing the monetary policy to really go to (direct quantitative) intervention in the official credit market by adopting credit facilitation policies and supporting the market with very easy and low-cost loans, most of which were provided (within the initiative of the Central Bank of Iraq), whether in the form of housing loans through the government real estate credit apparatus (the Real Estate Bank and the Housing Fund) ) Or in the form of supporting economic activity with small, medium and large loans in various economic fields.
He pointed out that, "due to the institutional complications in maintaining communication between the public and banks in easy handling, it has become imperative to introduce auxiliary financial instruments carrying bank interest in the form of (bonds) that are sold optionally to the interested public of cash surplus holders, and these tools are insured from any failure in Repayment by formal guarantee institutions and granting their holders privileges even when borrowing and accepting those instruments as optimal bank guarantees when credit is needed and capable of immediate liquidation in the secondary financial market such as the Iraq Stock Exchange.
He concluded by saying, "The liquidity obtained from these bonds will help, as they are excellent debt instruments, in activating the granting of credit, especially to small borrowers, on easy terms through banks or digital financial companies and others. They are authorized to deal with bonds by sale, purchase or mediation, and their actions are in accordance with the law in order to deal with credits." Small or microfinance. "
Moody’s may upgrade VPBank’s ratings
Moody’s Investors Service has announced that it is considering upgrading a series of important ratings for VPBank.
Moody’s is considering upgrading the bank’s long-term local and foreign currency deposits and issuer ratings (currently at B1 with a stable outlook), baseline credit assessment (BCA), long-term counterparty risk rating and many other important ratings relating to credit and risk control.
In the first quarter of the year, VPBank achieved positive business results, surpassing its targets.
By the end of March, its total integrated assets exceeded VNĐ436 trillion, up 4.1 per cent from the same period last year. Its consolidated credit growth increased by 2.8 per cent from the corresponding period last year to reach VNĐ332 trillion. The strong credit growth was led by strategic segments of individual customer and small-and-medium enterprises (SMEs) with year-on-year increases of 7 per cent and 11 per cent respectively. Its pre-tax profit reached VNĐ4 trillion in January-March. This was the first time the bank achieved this level in the first quarter of a year.
With revenue diversification, reasonable credit growth, minimising capital costs and optimising operating costs, VPBank's total consolidated pre-tax profit in the first quarter of 2021 has grown strongly at 37.6 per cent over the same period last year. With this result, the bank's performance indicators as of March 31 continued to be improved and ranked at the top of the market, with return on asset (ROA) and return on equity (ROE) reaching 3 per cent and 23.5 per cent respectively.
VPBank also signed an agreement to sell a 49 per cent stake in FE Credit to Japan’s Sumitomo Mitsui Finance Group (SMFG) in a transaction that values the non-bank lender at US$2.8 billion.
The investment would help VPBank enhance its financial capacity and create opportunities to expand new business areas such as investment banking and wealth management.
The bank plans to increase its equity from the current VNĐ56 trillion to VNĐ90 trillion as well as increasing charter capital to VNĐ75 trillion in 2022 thank to the profit from divestment from FE Credit.
If the capital increase plan is successful, VPBank will be among the top Vietnamese banks with the largest equity and chartered capital.
At its general meeting of shareholders held at the end of April, the bank set a total asset target of VNĐ490 trillion, increasing 17.5 per cent, and customer deposits at 19.2 per cent to more than VNĐ350 trillion. Its pre-tax profit is expected to increase by 27.9 per cent to more than VNĐ16.6 trillion. — VNS
Michael Waltz: It is essential to monitor the Biden administration of Iran-backed militias in Iraq
Representative in the US Congress Michael Waltz stressed the need for the administration of US President Joe Biden to monitor Iranian-backed militias in Iraq.
Waltz said in press statements that the Biden administration is wrong in understanding Iran, since the latter has been prepared for a long time to sacrifice the lives of its militia in order to kill American soldiers, so it is important to target Iran directly, just as Qassem Soleimani was targeted earlier, indicating that Soleimani was targeted. In retaliation against the Iranian regime and not against the armed groups in Iraq that are supported by Iran.
Waltz stressed the need for a limited number of US forces to remain in Iraq, and for these forces to focus mainly on providing advice, assistance and training to the counterterrorism forces and the Peshmerga, noting that US-Iraqi relations are necessary to support peace steps, revive the economy and a political system that represents all Iraqis.
Iraq maintains its fifth position in the Arab world and the 38th in the world in terms of gold reserves
The exchange rates of the dollar on the local markets on Friday (May 21, 2021), according to the monitoring of Mukhasin.
The price of the dollar against the Iraqi dinar
Exchange offices prices:
The sale price of the dollar is 149,000
The purchase price of the dollar is 148,000
approximate
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1459.0000 | 1464.0000 | 1457.0000 | 1455.3000 | 1457.0000 |  -2.4000 | 00:00 |
| USD/VND | 23054.0000 | 23058.0000 | 23034.9600 | 23027.7300 | 23027.7300 | 9.1800 | 22:38 |
| USD/CNY | 6.4297 | 6.4317 | 6.4355 | 6.4283 | 6.4340 | -0.0044 | 05:34 |
| USD/KWD | 0.3001 | 0.3011 | 0.3005 | 0.3003 | 0.3005 | -0.0002 | 05:25 |
| GBP/USD | 1.4230 | 1.4234 | 1.4233 | 1.4169 | 1.4188 | 0.0043 | 05:34 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 |  0.0000 | 00:00 |
| USD/IDR | 14348.0000 | 14350.0000 | 14380.0000 | 14338.0000 | 14347.0000 | -2.0000 | 05:34 |
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Oil is rising after losses that lasted for three days
Oil prices rose today, Friday, to recover from three-day losses as investors prepare for the return of Iranian crude supplies after officials said that Iran and world powers had made progress in talks to revive the 2015 nuclear deal.
July Brent crude futures rose 8 cents, or 0.1%, to $ 65.19 a barrel by 0646 GMT, while U.S. West Texas Intermediate for July was at $ 62.16 a barrel, up 22 cents, or 0.4%.
But over the week, both contracts fell by about 5% and recorded their biggest weekly loss since March after the Iranian president said the United States was ready to lift sanctions on the country's oil, banking and shipping sectors.
Iran and world powers have been in talks since April to revive the deal, and the European Union official leading the discussions on Wednesday said he was confident a deal would be reached.
"It appears that significant progress has been made in the ongoing nuclear negotiations in Vienna, and it appears that about a million barrels per day of additional Iranian barrels will reach the market in the second half of this year," wrote Helima Croft of RBC Capital Markets.
However, investors remain optimistic about a recovery in fuel demand this summer as vaccination programs in Europe and the United States will allow more people to travel, although increased cases across Asia could affect consumption of that region.
JPMorgan analysts said options bets on oil price hikes above $ 100 for the Brent contract in December 2021 jumped after surprisingly strong US inflation data last week, with open interest calls nearly tripling in May. The bank expects Brent crude to end in 2021 at $ 74.
JPMorgan said that to reach $ 100, demand would need to average higher than 102.6 million barrels per day in the third quarter and grow to 103.6 million barrels per day in the fourth quarter, in the absence of any additional OPEC + supply response.
Sultan Ahmed Al Jaber, chief executive of the Abu Dhabi National Oil Company, said on Thursday that oil demand had risen to 95 million barrels per day.
JP Morgan said: "Increasing Iranian production and exports more than expected will be another constraining factor on the fundamental factors driving prices up to about $ 100 a barrel alone."
The bank expects Iranian crude and condensate production to rise to 3.2 million barrels per day in December from about 2.8 million barrels per day in the first quarter and reach 4.2 million barrels per day only in early 2023.
Iraq is facing a date to officially restore the previous dollar exchange rate
same article as yesterday with less details but again there is no way they can go 4 more years at this rate peacefully
The Parliamentary Economic and Investment Committee confirmed that the exchange rate of the dollar against the Iraqi dinar is fixed and does not change until 2025.
It was assumed that "changing the exchange rate of the dollar against the Iraqi dinar for one year only," according to committee member Nada Shaker Jawdat, but "the agreement of the political forces and the government was the opposite."
According to the agreement, "the exchange rate of the dollar remains constant until 2025," according to what Jawdat spoke, noting that "raising the price of the dollar caused the price of foodstuffs and spare and construction materials to rise by 25% from their real value."
"Had it not been for the approval of the heads of political blocs, Prime Minister Mustafa Al-Kazemi, the Minister of Finance and the Governor of the Central Bank would not have dared to change the exchange rate of the dollar against the Iraqi dinar," Jawdat continued.
And the Iraqi parliament voted on (March 31, 2021), on the first article of the budget law, which included the adoption of the dollar exchange rate of 1450 dinars per dollar.
The first article proposed, to calculate the price of a barrel of oil at 65,000 dinars, without mentioning the exchange rate, which pushes the dollar exchange rate, as suggested, at 1450 dinars per dollar.
Advisor Al-Kazemi reveals that there are 50 trillion dinars outside the control of the banking system
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed today, Thursday, two restrictions that curb the banking credit system, and while he confirmed the existence of 50 trillion dinars outside the control of the banking system.
Saleh said that "the banking credit system in Iraq is subject to inherited and complex structures, the first limitation of which is the high risk of debt recovery and default in the collection of loans granted, which amount to 18%, while the global standard rate of defaults does not exceed 3%, which pushes banks to make large hedges." And constantly around the capital to face credit losses due to the same quality of guarantees, which are often real estate that cannot be liquefied at default, which increases the degree of reluctance to grant cash credits or loans or helps to raise credit risks by strictly using high bank interest, "pointing out that" "The loans granted by banks to the public or to the public are still no more than 5% of the gross domestic product, which is the lowest in the world."
He added, "The second constraint is the decrease in the ability of banks to mobilize public liquidity leaked outside the banking system, which is in the possession of the public and in the form of cash hoardings. They are deducted from the income cycle and are outside the control of the official financial system and are subject to the behavior of the public in demanding cash liquidity because of its customs and traditions in revering liquidity." The available cash is immediately under the hand, "indicating that" these funds are considered in all cases important financial surpluses and a large cash wealth (immobile and only partially conducive to the private investment activity). Low across the banking system itself instead of being hoarded in homes, and its averages are estimated as hoarded surplus liquidity outside the banking system today, equivalent to about 25% of the gross domestic product of Iraq. "
He pointed out that "based on these patterns of monetary habits and the initial interaction with the surplus cash liquidity outside the legal banking credit system, a (usurious) credit apparatus has been formed in the parallel or informal financial market, as the parallel market continues to grant its usurious cash loans to the public on loan terms. Very high cost, as the annual interest in it is between 50-80%, (which is called obscene interest). The usurious market is a parallel (unregulated) financial market that is highly exploited with high risks, but at the same time it has high flexibility in dealing with stagnant cash liquidity. By moving the usurious interest tool. "
And he continued, "Its money is estimated, as we have mentioned above (as leaked funds available outside the banking system) at perhaps 50 trillion dinars, which are important and vital funds that are currently trading outside the control of the legal or official banking system," explaining that "Both scenarios, whether in the formal financial or banking market, or the parallel interest-based market (informal and unorganized) have made it difficult for the public to obtain credit or loans, whether at reasonable costs or conditions, especially loans that are commensurate with the average income of the general social class that needs money. Pushing the monetary policy to really go to (direct quantitative) intervention in the official credit market by adopting credit facilitation policies and supporting the market with very easy and low-cost loans, most of which were provided (within the initiative of the Central Bank of Iraq), whether in the form of housing loans through the government real estate credit apparatus (the Real Estate Bank and the Housing Fund) ) Or in the form of supporting economic activity with small, medium and large loans in various economic fields.
He pointed out that, "due to the institutional complications in maintaining communication between the public and banks in easy handling, it has become imperative to introduce auxiliary financial instruments carrying bank interest in the form of (bonds) that are sold optionally to the interested public of cash surplus holders, and these tools are insured from any failure in Repayment by formal guarantee institutions and granting their holders privileges even when borrowing and accepting those instruments as optimal bank guarantees when credit is needed and capable of immediate liquidation in the secondary financial market such as the Iraq Stock Exchange.
He concluded by saying, "The liquidity obtained from these bonds will help, as they are excellent debt instruments, in activating the granting of credit, especially to small borrowers, on easy terms through banks or digital financial companies and others. They are authorized to deal with bonds by sale, purchase or mediation, and their actions are in accordance with the law in order to deal with credits." Small or microfinance. "
CBI Update: Just a note:
including $0. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
5-20-2021 Newshound/Intel Guru Petra ...Anybody see any gold prices this week???...Traders not trading. Market not trading, Gold not in play. Auctions…not happening. Follow the crumbs. IMO. ...And what’s happening this week???... Digital summit ...All good…Stay the course!!...
5-20-2021 Intel Guru Sheila [via MarkZ] ...“Keep the faith - this is our week”
5-20-2021 Intel Guru MarkZ [via PDK] There is a lot of pressure to be quiet…because we are that close…We are getting leaned on to be quiet for the next few days…We have been asked this before…to go quiet…when things seem to be close...we are being leaned on pretty heavily…. I take this as exceptionally good news. The chatter is really good…hope its accurate. I will be leaving out a lot of details and things I am hearing...just in case. If you hear other intel providers saying they are being asked to be quiet…it is correct... Bankers, Bank contacts, group leaders and a UST contact is leaning on me to be quiet for the next few days. I am going to do my part and play ball with them. Take this as good news and be content...Things seem to be afoot.
5-20-2021 Newshound/Intel Gurus Walkingstick & Frank26 The Iraqi Stock Exchange and Erbil Stock Exchange...linking up internationally. I thought they were already? No, the currency is traded...but they are not linked up to the other banks...that's something you should be looking for probably this coming week. Articles about the ISX and ESX. Usually when we tell you something the following week [you see it in articles]...
5-20-2021 Newshound Guru Pimpy Article: "Parliamentary Finance talks about the continuation of the current exchange rate of the dollar for the next four years" Keep in mind part of the reason why they changed the rate in the first place was because they needed to do something to fill in the deficit gap. That's already been done...no, I don't think they'll be holding onto this rate for 4 years. Is I possible? Of course it is. I don't think so. As a matter of fact I think they should have already changed the rate back...don't get discouraged about the rate change in the budget...
5-20-2021 Intel Guru Frank26 Something is happening with the Vietnamese dong...I would advise you to watch their central bank...pay attention to their GDP [Gross Domestic Product]. The GDP is a determinant of what the value of their currency could be...Something has happened with the Vietnamese dong inside of Vietnam...notice what's going on with their stocks. And I want you to notice what's going on with their imports and exports...
5-20-2021 Intel Guru MarkZ [via PDK] [What are you hearing now on rates] Dong rates – still jumping all over…changing almost hourly…we are seeing about .90 cents to a dollar…something is going on…it could be testing …it could be a place holder…i still hear our contract rate is in the $2 dollar range…maybe as high as $3.80 or so…it’s all a rumor for now… [Anything new on the dinar rate?] I still hear a Street rate of about $4…to a contract rate of just over $8.
5-20-2021 Newshound/Intel Guru Petra Just think thru why ISX is closed for an extended period, and today, the currency traders stopped trading because they know what’s coming and don’t want to get stuck on the wrong side of the equation. It was in a Post today!!! IMO
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