WOTS MON MAY 10 21
No My FX Podcast today.
The Markets:
The Asian markets closed mixed NIK up by .55% HSI down by .05% SHANG up by .27%
The UK markets are currently trading in the red mostly from .17% to .48% FTSE up by.15% at 7140
Our futures are currently trading mixed DOW at 34768 up by .24% SNP at 4227 up by .04% NDX at 13674.5 down by .26%
Precious Metals:
Gold is green at 1837 Silver is green at 27.83 Copper is green at 487.25 Platinum is green at 1269
Brent 68 WTI 65 Bitcoin: 57,928 10 yr yield: 1.58
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1423.6000 |  1472.8000 | 1458.4000 | 1456.9000 | 1458.2000 | -0.2000 | 15:23 |
| USD/VND | 23060.0000 | 23063.0000 | 23059.9300 | 23058.1200 | 23059.9300 | 19.0800 | 22:52 |
| USD/CNY | 6.4096 | 6.4116 | 6.4323 | 6.4099 | 6.4315 | -0.0218 | 05:26 |
| USD/KWD | 0.3003 | 0.3013 | 0.3006 | 0.3005 | 0.3006 | -0.0005 | 05:10 |
| GBP/USD |  1.4099 | 1.4100 | 1.4100 | 1.3983 | 1.3991 | 0.0122 | 05:26 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14109.0000 | 14114.0000 | 14278.0000 | 14115.0000 | 14278.0000 | -14.0000 | 05:22 |
Things in the News:
Big jobs miss puts a ‘nail in the coffin’ for the U.S. dollar: Wells Fargo
Crypto Worth More Than All US Currency in Circulation... *
This bitcoin misconception could be what takes it to $250,000, according to Morgan Creek’s Yusko
Iraqi Articles:
Arab Monetary” discusses protecting the data of participants on the “Bunaa” platform
The Arab Monetary Fund held a “remote” workshop to review the frameworks adopted by the “Bunaa” Arab Payments platform, owned by the Fund, in applying international compliance standards with regulations and rules for combating money laundering and combating terrorist financing, ensuring the security of information and protecting the data of the banks participating in Platform.
In the workshop, which was attended by more than 200 participants representing central banks, financial and banking institutions, a group of experts, in addition to the management team of the “Bunaa” Arab Payments platform, spoke about a number of main topics on international compliance requirements and protection data.
Mahdi Manea, CEO of the Regional Corporation for Arab Payments Clearing and Settlement (Bani Arab Payments Platform), said: “Buna is keen to keep pace with the increasing security needs associated with cross-border payments, and accordingly we have included various governance requirements and systems that enable us to provide a safe and reliable channel equipped with protection standards. And safety ».
Planning for the Post-Oil Era
The former General Manager of the Oil Marketing Company, Dr. Falah al-Amiri said, “The oil magnates in the world have seriously begun planning for the post-oil era. The first of them is the United States and the Kingdom of Saudi Arabia, which has embarked on the vision 2030, with rapid and confident steps, to be prepared for any emergency that causes an economic Painful blow.
He added, “There are many reasons for adopting this approach, the most important of which is ensuring energy security through the use of modern technology and innovations for diversifying new energy, achieving energy self-sufficiency, and switching to an energy export country, especially oil and gas, as well as an additional means of economic transformation in the field of energy from fossil sources. To clean, renewable and low-cost sources.
Al-Amiri pointed to “the importance of benefiting from global trends in our country and working towards planning for the era of renewable energy, while preserving the current energy sources, which are the country's only financial resource.
It is noteworthy that the oil poles are working towards exporting technology for renewable and clean energy sources abroad as a sustainable economic activity, which will contribute to reducing dependence on fossil fuels, especially coal and oil, and moving to the use of solar energy, wind energy and hydrogen energy. And others.
CBI Update: Just a note:
including $0. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
including $0. CASH
ISX Update:
Shares Traded: not updated for today
Value Traded: not updated for today
5-9-2021 Intel Guru sheila heard from my one and only source yesterday...they were told there are so many more currency holders than ever thought by PTB...they didn't count on the expanded numbers...I will continue to share as much as I am allowed...just saying it looks really good for next couple of days.
5-9-2021 Intel Guru Frank26 It is going to happen. The process is revealing itself right now of the new small category notes and the new exchange rate. Just because you can't see it doesn't mean it is not happening. With all deep sincerity in my heart I am more than satisfied that it is happening. I wish you well. If you're hurting because you need this money I pray for you...
5-9-2021 Intel Guru Frank26 It is going to happen. The process is revealing itself right now of the new small category notes and the new exchange rate. Just because you can't see it doesn't mean it is not happening. With all deep sincerity in my heart I am more than satisfied that it is happening. I wish you well. If you're hurting because you need this money I pray for you...
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 Commander-in-Chief of the Armed Forces, Mr. Mustafa Al-Kazemi chairs a meeting of the security leaders
Today, Sunday, the Prime Minister and Commander-in-Chief of the Armed Forces, Mr. Mustafa Al-Kazemi, chaired an expanded security meeting that included a number of ministers and leaders of the security services.
During the meeting, they discussed the overall security situation and developments in the country, as well as discussing the security plans in place and the intelligence effort to address and reduce security breaches.
Mr. Al-Kazemi was briefed on a presentation made by the security leaders, regarding the security situation in the country, and preemptive operations to pursue terrorist gangs and sleeper cells.
The Commander-in-Chief of the Armed Forces stressed the importance of joint coordination between security leaders and exerting utmost efforts to establish security, achieve stability, protect the interests of citizens, and confront everything that would disturb the peace of security throughout Iraq.
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ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side)
The Council of Ministers holds its nineteenth regular session chaired by the Prime Minister, Mr. Mustafa Al-Kazemi
Today, Sunday, Prime Minister Mustafa Al-Kazemi presided over the nineteenth regular session of the Council of Ministers, in which the latest developments and general events in the country were discussed, as well as the topics included in the agenda.
At the beginning of the session, Mr. Al-Kazemi referred to the assassination of civil activist Ihab Jawad Al-Wazni, which was carried out yesterday evening in Karbala Governorate, and his Excellency directed the Ministry of Interior agencies to quickly investigate and uncover the perpetrators of the heinous crime.
Mr. Al-Kazemi stressed that the killers of the activist Al-Wazzani will not escape from the grip of justice, and they will be pursued and punished for every criminal who seeks the same tampering with public security.
His Excellency stated that the criminals, after having gone bankrupt in the events of chaos, have tended to assassinate unarmed activists, but the law will hold them accountable and impose the most severe penalties on them.
In the context of the session, the Prime Minister directed all ministries to mobilize efforts and overcome all obstacles that stand in the way of providing services to citizens, especially in the field of electricity.
And on the recurrence of incidents of burning agricultural crops in a number of governorates, His Excellency directed the General Secretariat of the Council of Ministers and governors to take measures to prevent these accidents and limit their recurrence annually.
The Prime Minister also directed the Municipality of Baghdad to assume its full responsibility and carry out its duties in carrying out large-scale cleaning campaigns to revive the capital, raise waste and preserve green areas and public parks.
The Cabinet session witnessed a review of the Ministry of Health report regarding the Corona pandemic and the developments of the work of the Committee for Promoting Governmental Measures in the areas of prevention and control of health awareness regarding limiting the spread of Coronavirus, government procedures for spreading awareness of the risks of the pandemic, and the efforts of the Ministry of Health in providing vaccines and urging citizens to take them.
After the Council of Ministers discussed the topics on the agenda, it issued the following decisions:
First/
1- Approving the allocation of the Ministry of Finance (3) billion dinars to the works of erecting new pumping stations, with rehabilitation and maintenance of old stations in all governorates in the Ministry of Water Resources, from the emergency reserve for the fiscal year / 2021.
2- Approving the allocation of the Ministry of Finance (3) billion dinars for rehabilitation and lining works of Shatra and Al Kasr in Dhi Qar Governorate to the Ministry of Water Resources, from the emergency reserve for the fiscal year / 2021.
3- Approving the allocation of the Ministry of Finance (3) billion dinars for the work of raising mud and alluvial deposits from the dams of Diyala Governorate, to the Ministry of Water Resources, from the emergency reserve for the fiscal year 2021.
Second: Approving the exclusion of the Ministry of Foreign Affairs' contract with the Allianz Company from Controls No. (3) attached to the Instructions for Executing Government Contracts (2 of 2014), due to the late arrival of the company's letter of guarantee after the bidding process, and the Ministry of Foreign Affairs bears the correctness of procedures for opening and analyzing bids for the contract in question. And all other matters and the extent of its compliance with the law and instructions in force.
Third / Postponing the implementation of the Cabinet Resolution (157 of 2021), issued according to the letter of the General Secretariat of the Council of Ministers numbered (SL / 10/1/11019), dated April 29, 2021, to the next season, regarding the receipt of the barley crop for reasons Installed in the book of the Ministry of Agriculture No. 972 dated April 28, 2021.
Fourth / Amending Cabinet Resolution (130 of 2021), paragraphs (third and sixth), according to the following:
The contract is for one calendar year, and wages are calculated on the basis of the academic year according to the financial allocations allocated in the budget to the free lecturers and administrators working in the Ministry of Education, and this decision shall be implemented as of January 1, 2021.
Fifth / Approval of the draft Child Protection Law, which has been examined by the State Council, and referring it to the House of Representatives based on the provisions of Articles 61 / Clause First and 80 / Clause Second) of the Constitution, taking into consideration the remarks of the Legal Department of the General Secretariat of the Council of Ministers confirmed Pursuant to its memorandum of number (MD / S / 2/2/35/59 LQ) dated January 27, 2021
Media Office of the Prime Minister
9-May-2021
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ARTICLE 2 (from Government of Iraq twitter account)
At the time this report was submitted, there are no new tweets posted on the Government of Iraq twitter account.
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ARTICLE 3
Full decisions taken during today's cabinet session
2021.05.09 - 20:20
Baghdad - People
The Council of Ministers took, during its regular session, today, Sunday, a number of decisions headed by Mustafa Al-Kazemi.
The Media Office of the Council of Ministers stated in a statement, which "People" received a copy of (May 4, 2021), that “Prime Minister Mustafa Al-Kazemi today presided over the nineteenth regular session of the Council of Ministers, in which the latest developments and general events in the country were discussed, as well as On the discussion of topics on the agenda.
At the beginning of the session, Al-Kazemi referred to the "assassination of the civilian activist Ihab Jawad Al-Wazni, which was carried out yesterday evening in Karbala Governorate, and his Excellency directed the Ministry of Interior agencies to quickly investigate and uncover the perpetrators of the heinous crime."
He stressed that "the killers of the activist Wazzani will not escape from the grip of justice, and they will be pursued and punished for every criminal who seeks the same tampering with public security."
And that "the criminals, after having gone bankrupt in the events of chaos, have tended to assassinate unarmed activists, but the law will hold them accountable and impose the most severe penalties on them."
In the context of the session, the Prime Minister directed all ministries to "mobilize efforts and overcome all obstacles that stand in the way of providing services to citizens, especially in the field of electricity."
And on the recurrence of incidents of burning agricultural crops in a number of governorates, he directed the General Secretariat of the Council of Ministers and governors to "take measures to prevent these accidents and limit their recurrence annually."
The Prime Minister also directed the Baghdad Municipality to "assume full responsibility and carry out its duties in carrying out large-scale cleaning campaigns to revive the capital, raise waste and preserve green areas and public parks."
The cabinet session witnessed "a review of the Ministry of Health report regarding the Corona pandemic and the developments of the work of the committee to strengthen government measures in the areas of prevention and control of health awareness regarding limiting the spread of the Corona virus, government measures to spread awareness of the risks of the pandemic, and the efforts of the Ministry of Health in providing vaccines and urging citizens to take them." .
After the Council of Ministers discussed the topics on the agenda, it issued the following decisions:
First/
1- Approving the allocation of the Ministry of Finance (3) billion dinars to the works of erecting new pumping stations, with rehabilitation and maintenance of old stations in all governorates in the Ministry of Water Resources, from the emergency reserve for the fiscal year / 2021.
2- Approving the allocation of the Ministry of Finance (3) billion dinars for rehabilitation and lining works of Shatra and Al Kasr in Dhi Qar Governorate to the Ministry of Water Resources, from the emergency reserve for the fiscal year / 2021.
3- Approving the allocation of the Ministry of Finance (3) billion dinars for the work of raising mud and alluvial deposits from the dams of Diyala Governorate, to the Ministry of Water Resources, from the emergency reserve for the fiscal year 2021.
Second: Approving the exclusion of the Ministry of Foreign Affairs' contract with the Allianz Company from Controls No. (3) attached to the Instructions for Executing Government Contracts (2 of 2014), due to the late arrival of the company's letter of guarantee after the bidding process, and the Ministry of Foreign Affairs bears the correctness of the procedures for opening and analyzing bids for the contract in question. And all other matters and the extent of its compliance with the law and instructions in force.
Third / Postponing the implementation of the Cabinet Resolution (157 of 2021), issued according to the letter of the General Secretariat of the Council of Ministers numbered (SL / 10/1/11019), dated April 29, 2021, to the next season, regarding the receipt of the barley crop for reasons Installed in the book of the Ministry of Agriculture No. 972 dated April 28, 2021.
Fourth / Amending Cabinet Resolution (130 of 2021), paragraphs (third and sixth), according to the following:
The contract is for one calendar year, and wages are calculated on the basis of the academic year according to the financial allocations allocated in the budget to the free lecturers and administrators working in the Ministry of Education, and this decision shall be implemented as of January 1, 2021.
Fifth / Approval of the draft Child Protection Law, which has been examined by the State Council, and referring it to the House of Representatives based on the provisions of Articles 61 / Clause First and 80 / Clause Second) of the Constitution, taking into consideration the remarks of the Legal Department of the General Secretariat of the Council of Ministers confirmed Pursuant to its memorandum of number (MD / S / 2/2/35/59 LQ) dated January 27, 2021
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ARTICLE 4
Baghdad Mayor: We will launch a major campaign after Eid
05/09/2021
Baghdad / Al-Mawred News
Baghdad Mayor Alaa Maan announced, on Sunday, that major projects will begin to be implemented in the capital after Eid al-Fitr, indicating that Arab companies have submitted bids to implement projects in the capital.
In a statement to the Iraqi News Agency, Maan said, "A number of projects will be launched after the blessed Eid Al-Fitr, including first the major cladding campaign for the entire city of Baghdad, with its two sides Al-Karkh and Al-Rusafa, the development of a number of important streets in Baghdad, as well as building bridges to withdraw traffic momentum and bottlenecks."
Maan talked about the file of the pedestrian bridges that the Municipality intends to implement by saying, "There are two models for pedestrian bridges and we have not settled on either of them so far. We want to re-test the electric stairs that were applied in Baghdad 40 years ago, and we seek to return them at least near the universities, where their sums were secured." In cooperation with the Ministries of Planning and Finance. "
And on the talks with Arab and foreign countries to develop the capital, Baghdad, Maan said, "The secretariat’s discussions are continuing with all delegations that visit Iraq. Companies from Saudi Arabia and Jordan have made offers to implement projects and we interacted with them and presented project ideas to European countries such as France, so Baghdad is a great arena for work."
As for the plan for the reconstruction of Sadr City, Maan commented, "The Secretariat has started the process of rebuilding Sadr City, and there is great cooperation and almost daily meetings with the General Secretariat of the Council of Ministers."
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ARTICLE 5
Representative economics: Amending the investment law in Iraq needs one week
May 09, 2021 6:48 PM
Mubasher: The Parliamentary Economic and Investment Committee in Iraq confirmed today, Sunday, that the amendment of the investment law depends on the work of the House of Representatives during the coming period.
A member of the committee, MP Mazen Al-Faili, told the Iraqi News Agency (INA), "The amendment of the investment law depends on the work of the House of Representatives through regular working hours and sending a letter to the committee during the coming period."
He added, "Amending the law does not require a great effort, but rather amending the paragraphs that need to be amended, hosting officials, then reading it a first and second reading and then voting on it," stressing that "this process only needs one week."
Earlier, the head of the National Investment Commission, Suha al-Najjar, confirmed the existence of gaps in the Iraqi investment law.
And she said in an interview with the "Missing Facts" program broadcast by Al-Iraqiya Al-Akhbariya and followed by (conscious), that "the Iraqi investment law contains minor gaps, and for many years corruption has dominated investment."
She added, "Corruption and political pressures have delayed the completion of investment projects for years," noting that "most investment projects have been restricted to some people for years."
She pointed out that "there are huge numbers of fictitious residential and agricultural projects," noting that "the fake projects are a burden on the organization."
She explained, "About 1000 fake licenses were granted 10 years ago," stressing that "some investors are working to establish 20 percent of the project to obtain exemptions."
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