WOTS TUE MAY 18 21
No My FX Buddies podcast today just WOTS "Word on the Street"
List of dollar exchange rates in local markets on Tuesday (May 18, 2021), according to specialists monitoring.
Baghdad - Al-Kifah Stock Exchange
148,600
....
Price in exchange (approximate)
148,000
149,000
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Basra / Stock Exchange
148,600
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Erbil / Bursa
148,600
The Markets:
The Asian markets closed up NIK up by 2.09% HSI up by 1.42% SHANG up by .32%
The UK markets are currently trading in the green from .01% to .73%
Our futures are currently trading in the green DOW at 34339 up by .24% SNP at 4172.25 up by .35% NDX at 13411.75 up by .81%
Precious Metals:
Gold is green at 1868 Silver is green at 28.62 Copper is green at 475 Platinum is red at 1224
Brent 70 WTI 66 Bitcoin: 45,266 10 yr yield: 1.65
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1459.0000 | 1464.0000 | 1457.6000 | 1457.5000 | 1457.5000 |  0.0000 | 23:54 |
| USD/VND | 23040.0000 | 23044.0000 | 23032.6700 | 23030.2900 | 23030.2900 | 3.3600 | 00:35 |
| USD/CNY | 6.4251 | 6.4271 | 6.4384 | 6.4190 | 6.4381 |  -0.0130 | 05:22 |
| USD/KWD | 0.3002 | 0.3012 | 0.3007 | 0.3004 | 0.3007 | -0.0003 | 05:15 |
| GBP/USD | 1.4191 | 1.4192 | 1.4220 | 1.4129 | 1.4132 | 0.0059 | 05:26 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14266.0000 | 14278.0000 | 14362.0000 | 14250.0000 | 14345.0000 | -77.0000 | 05:26 |
Things in the News:
STUDY: Working 55 hours a week increases risk of death...
111-year-old recommends eating chicken brains...
How processed food changed our species...
Millionaires who favor raising taxes on rich protest in front of Bezos home...
Charging 589% Interest Is Booming Business...
64% of millennials have regrets about buying current home...
Lamborghini announces plan for a fully-electric car by 2030
111-year-old recommends eating chicken brains...
How processed food changed our species...
Millionaires who favor raising taxes on rich protest in front of Bezos home...
Charging 589% Interest Is Booming Business...
64% of millennials have regrets about buying current home...
Dow futures rise 100 points as Home Depot gains, major tech stocks rebound
Lamborghini announces plan for a fully-electric car by 2030
Iraqi Articles:
Oil extends gains and Brent near $ 70
Oil prices rose on Tuesday, extending their gains from the previous day, as optimism over the reopening of the economies of the United States and Europe overshadowed fears of slowing fuel demand in Asia due to a rise in COVID-19 cases and a new wave of restrictions.
Brent crude futures rose 23 cents, or 0.33%, to $ 69.69 a barrel by 05:21 GMT, while West Texas Intermediate was up 22 cents, or 0.35%, at $ 66.50 a barrel, and both contracts rose more than 1% on the day. Monday.
The British economy reopened, giving 65 million people a measure of freedom after a four-month lockdown of COVID-19, and as vaccination rates accelerated, France and Spain eased restrictions, and Portugal and the Netherlands opened travel, as well as in the United States, New York State no longer needs masks in Most public places.
In contrast, Singapore has reported the largest number of domestic infections in months, Taiwan has seen a spike in cases, and the two countries have reinstated lockdown measures.
Preliminary data showed that India, the second country hardest hit by the epidemic, domestic sales of gasoline and diesel by state refiners fell by a fifth in the first half of May compared to the previous month, as epidemic closures affected industrial activities and consumption.
High oil prices increase Kurdistan’s share of the budget
A member of the Parliamentary Finance Committee confirmed that the Kurdistan Region has not yet set a date for a delegation visit to the federal capital, Baghdad.
The deputy of the Patriotic Union of Kurdistan, Shirwan Mirza, said in a special statement to PUKmedia , today, Tuesday, that a technical delegation from the Kurdistan region will visit Baghdad to discuss the mechanism for implementing Article (11) of the Federal Budget Law, indicating that the date of the delegation's visit has not yet been determined.
On the other hand, MP Shirwan Mirza confirmed that the increase in oil prices in global markets will affect the calculation of the Kurdistan Region’s share of the federal budget and increase the quantities of oil calculated in the budget law, indicating that the technical delegation that will visit Baghdad will also discuss agreement on the price of a barrel of oil to calculate the region’s share Is it according to what is in the budget law or according to its price in the markets?
It is noteworthy that oil prices in world markets recorded a rise today, Tuesday, not reported since last March, as Brent crude futures increased 19 cents, equivalent to 0.3 percent to 69.65 dollars a barrel, while West Texas Intermediate crude rose 18 cents, or 0.3 percent, to 66.45. Dollars per barrel.
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
5-17-2021 Guest Guru BobbyC ...Whichever Float/PEG they determine is an after thought for our end game. They'd be stupid to de peg from the USD if they go International...The IQD will be in a basket pegged to the USD for protection. Years down the road when they can manage it, they will float. [USA BUCK .....remains world standard] Yep and that's their protection factor because USD is OIL and OIL is USD :)
5-17-2021 Guest Guru BobbyC To my knowledge only one aspect of Ch 7 remains and that's the debt to Kuwait which has zero bearing on taking the IQD international. All the other Ch 7's were moved to Ch 6. CH 7 Sanctioned nations...do not have globally traded currency...there are no sanctions against them doing international business. Just some Banks, especially in Europe, won't deal with em because Iraq fails to abide by the RTGS (real time gross settlements)...They could go Global at 1460 and I'd be thrilled...
5-17-2021 Intel Guru MarkZ [via PDK] From my banking contacts we have seen a lot of fluctuations on the screens….especially with the dong….its floating all over the place. My last update I got was it was about .92 cents…whether they are unpegging it…or whether we will be able to redeem it this week…I don’t know.
5-17-2021 Intel Guru Frank26 There is no "GCR"...there's no such thing as a global currency reset. It's mathematically impossible...there is no GCR inside nor outside of Iraq...when they de-peg from the American dollar the IQD will then be international...when they un-peg from the American dollar it all shows the IQD to be compliant with Article VIII.
5-17-2021 Intel/Newshound Guru Holly For the Rv to happen the Dubai funds need to be released. They are all funded just not released. There were some issues with accounts that needed to be fixed. That should be fixed if not by now, then this week. Be prepared for any and everything to happen this week. Never, ever give up!
5-17-2021 Guest Guru BobbyC To my knowledge only one aspect of Ch 7 remains and that's the debt to Kuwait which has zero bearing on taking the IQD international. All the other Ch 7's were moved to Ch 6. CH 7 Sanctioned nations...do not have globally traded currency...there are no sanctions against them doing international business. Just some Banks, especially in Europe, won't deal with em because Iraq fails to abide by the RTGS (real time gross settlements)...They could go Global at 1460 and I'd be thrilled...
5-17-2021 Intel Guru MarkZ [via PDK] From my banking contacts we have seen a lot of fluctuations on the screens….especially with the dong….its floating all over the place. My last update I got was it was about .92 cents…whether they are unpegging it…or whether we will be able to redeem it this week…I don’t know.
5-17-2021 Intel Guru Frank26 There is no "GCR"...there's no such thing as a global currency reset. It's mathematically impossible...there is no GCR inside nor outside of Iraq...when they de-peg from the American dollar the IQD will then be international...when they un-peg from the American dollar it all shows the IQD to be compliant with Article VIII.
5-17-2021 Intel/Newshound Guru Holly For the Rv to happen the Dubai funds need to be released. They are all funded just not released. There were some issues with accounts that needed to be fixed. That should be fixed if not by now, then this week. Be prepared for any and everything to happen this week. Never, ever give up!
Catnip's Corner:
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ARTICLE 1-A (from PM Kadhimi's website; posted only on Arabic side, not on English side)
Prime Minister Mustafa Al-Kazemi visits the Department of Juvenile Reform for Males 5-17-2021
Today, Monday, the Prime Minister, Mr. Mustafa Al-Kazemi, visited the Juvenile Reform Department for Males / Baghdad Observation House, inspecting the conditions of the depositors in this house and their places of detention. His Excellency listened to the complaints of some of them and addressed them.
The Prime Minister called on the young inmates to learn from their mistakes and to make sure not to repeat them in the future, and said that there are many who have gone through conditions similar to yours and have been able to reform themselves and have turned into opportunities for success in society, and this is what we ask of you as well, for you are our sons and it is our duty to take care of you.
Mr. Al-Kazemi stressed that the role of reform provides you with an opportunity to rehabilitate yourselves, and you should benefit from what the house provides to you in terms of studying and learning some professions, and all this will help you return to society and integrate with it and be good individuals in the service of your country.
Mr. Al-Kazemi toured the halls of the house and stressed to its employees the importance of strengthening the rehabilitation programs for juvenile delinquents to enable them to quickly adapt to their community and integrate with others.
His Excellency stated that the crimes of juveniles placed in reform homes have been committed at young ages, and it indicates the existence of a serious social problem due to the legacy of wars and conflicts, and stressed that the correctional punishment for them is defined by the law, and we will not tolerate any abuse that any inmate, especially inmates, is subjected to. Juvenile reform centers.
The Prime Minister directed the formation of a committee to follow up the cases accused of juvenile inmates in this house and other houses.
Media Office of the Prime Minister
17-May-2021
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ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side)
Prime Minister Mustafa Al-Kazemi makes a phone call with Iranian President Hassan Rouhani 5-17-2021
Today, Monday, Prime Minister Mustafa Al-Kazemi made a phone call with the President of the Islamic Republic of Iran, Sheikh Hassan Rouhani, during which the two parties exchanged congratulations on the occasion of the blessed Eid al-Fitr, and wished relations between the two countries for continued progress, and that God bless the two peoples with stability and prosperity.
During the call, they discussed the latest efforts made to eradicate the terrorist remnants of ISIS, and to confirm Iranian support for Iraq in its war against terrorism, in order to strengthen its security and stability.
The two sides also agreed on the importance of continuing the serious move to affirm the steadfast position in support of the Palestinian cause as a just humanitarian cause, and the two sides discussed the need to activate Arab and Islamic work to support Palestine and confront the Israeli aggressions against the Palestinian people, recalling the historical positions of the countries and peoples of the region to sacrifice in defense of the Palestinian right, which extends To early periods of conflict.
Mr. Al-Kazemi stated that Iraq recently contacted several important Arab leaders for joint action to support the Palestinian cause.
On his part, President Rouhani praised Iraq's stances and its positive international role in the region, which works to calm conflicts and consolidate stability.
The call also witnessed the joint praise of Mr. Al-Kazemi and President Rouhani of the constructive bilateral cooperation between Iraq and Iran, in the interest of the Iraqi and Iranian peoples, the consolidation of peace efforts in the region and support for sustainable development in it, as well as the joint close cooperation in various economic and political fields.
Media Office of the Prime Minister
17-May-2021
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ARTICLE 2 (from Government of Iraq twitter account)
5-17-2021 around 8:15 am Eastern
PM @MAKadhimi: Iraq condemns the crimes committed against the Palestinian people, and the violation of the rights of Muslims to access places of worship. Iraq stands with the Palestinian people and with their legitimate demands and rights.
PM @MAKadhimi: There have been attempts to turn Iraq into an arena of conflict and strife, but we are working to make Iraq an arena for dialogue and peace.
PM @MAKadhimi: The interests of the region are the interests of Iraq. There must be stability in the region. We support any negotiations regarding any country. Dialogue is the solution, not conflict.
PM @MAKadhimi in an interview with @AJEnglisha says the @IraqiGovt
rejects any attempts to turn Iraq into an arena for settling scores, and reiterates Iraq’s support for the Palestinian people:
rejects any attempts to turn Iraq into an arena for settling scores, and reiterates Iraq’s support for the Palestinian people:
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ARTICLE 3
The General Secretariat of the Iraqi Council of Ministers issues an explanation regarding the appeal of some budget items
May 17, 2021 6:20 PM
Mubasher: The General Secretariat of the Iraqi Council of Ministers issued today, Monday, an explanation regarding an official letter related to the provisions of the Federal Budget Law.
The secretariat said, in a statement, that some social media sites had transmitted a copy of the Ministry of Interior's book numbered No. (5537) dated April 18, 2021, which contained the Ministry’s request from the General Secretariat of the Council of Ministers to appeal some provisions of the Federal Budget Law No. 23 For the year 2021); As a result of a deficit in compensation for workers in the ministry.
According to the statement, the legal department in the General Secretariat of the Council of Ministers indicated that it had submitted an appeal to some of the budget items. For violating the government program and the principle of separation of powers.
The Secretariat noted that the Legal Department requested the Federal Court to issue a state order; To stop the enforcement of these provisions until the case before it is settled.
And she affirmed that she stands by this segment and her endeavor to solve the issue radically with the relevant authorities, represented by the Ministry of Finance and relevant government departments.
On April 20, the Iraqi Council of Ministers authorized Mustafa Al-Kazemi, Prime Minister, to challenge some of the 2021 budget provisions before the Federal Court.
Earlier, the Iraqi Ministry of Finance revealed that there were errors in the tables and texts of the 2021 budget announced in the Official Gazette, indicating that the Presidency of the Republic will be approached for the purpose of correction.
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ARTICLE 4
Baghdad's crime overthrows a thief who stole 54 million dinars
07:25 - 17/05/2021
Baghdad - Mawazine News
Baghdad Crime said Monday, the arrest of a suspect who stole 54 million dinars, east of the capital.
A statement of the Directorate, a copy of which was received by Mawazine News, stated that “a force from the Baghdad Crime Control Directorate / Al-Zuhoor Office managed to arrest a suspect for stealing an amount of money amounting to 54 million Iraqi dinars from one of the residential houses in the Al-Hussainiya area, east of the capital. "
The statement added: "After a great and distinguished effort, the accused was arrested, his statements were entered into a preliminary and judicial confession, and the investigating judge decided to arrest him in accordance with the provisions of Article 443 of the Penal Code."
He pointed out, "The directorate's detachments carried out arrest warrants against a number of suspects and those wanted in various criminal cases during the outcome of their security practices that they conducted during the past 24 hours on the Karkh and Rusafa sides of the capital, Baghdad," explaining that "legal measures have been taken against them and brought to The judiciary to obtain their fair reward. ''
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ARTICLE 5
Will efforts to revive the historic city of Ur in southern Iraq succeed?
where is the truth?
11:39 GMT 17.05.2021 (updated 11:40 GMT 17.05.2021)
The Christian Association "Precision", which is based in the United States, announced that the Syriac Catholic Church in Iraq will organize this month a pilgrimage for Christians to the historic city of Ur.
"The aim is to encourage the return of Christian pilgrimage trips to Iraq, just two months after Pope Francis visited the Prophet Abraham's house in the historic city of Ur in Dhi Qar province, southern Iraq," the organization said in a report reported by Iraqi media.
Will these trips contribute to encouraging the return of Iraqi Christians to their country? On this topic, the guest of the "Where is the Truth" program, via Sputnik Radio, says an economist Bassem Antoine:
"It is not possible to make large tourist trips to the ancient city of Ur, as it lacks the elements of tourism represented by the lack of infrastructure, so that until there are areas that allow the tourist to spend his money, security and stability must first be provided.
Antoine added, "It is not easy for Iraqi Christians to return to their country, as they have integrated into Western societies, and their children entered schools and learned the languages of the countries to which they immigrated. If those of advanced ages return from them, their children refuse to return to a country lacking security and stability."
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