Thursday, May 20, 2021

WOTS WED MAY 19 21 Iraq is down 32 places in the list of the world's richest countries

 WOTS WED MAY 19 21
No My FX Buddies Podcast today just WOTS Word on the Street.



The exchange rates of the dollar on the local markets on Wednesday (May 19, 2021), according to the monitoring of specialists.   


Baghdad - Al-Kifah Stock Exchange  

148,650  

....  

Price in exchange (approximate)  

148,000  

149,000  

——————————————  

Basra / Stock Exchange  

148,800  

——————————  

Erbil / Bursa  

148,800  

—————  




The Markets:
The Asian markets closed mixed NIK down by 1.28% HSI up by 1.42% SHANG down by .51%
The UK markets are currently trading in the red from .70% to 1.41% 
Our futures are currently trading in the red  DOW at 33778 down by .64% SNP at 4088 down by .83% NDX at 13050.75 down  by 1.22%

Precious Metals:
Gold is red at 1856 Silver is red  at 27.76 Copper is red at 462 Platinum is red at 1210 
Brent 67 WTI  64   Bitcoin: 39,294 10 yr yield: 1.66

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1460.0000  1465.0000 1457.5000 1457.1000 1457.1000  0.0000 06:08
 USD/VND  23045.0000  23047.0000 23028.0300 23020.2800 23020.2800  9.6600 00:44
 USD/CNY  6.4375  6.4395 6.4376 6.4233 6.4243  0.0132 05:23
 USD/KWD  0.3002  0.3012 0.3004 0.3002 0.3004  -0.0002 05:16
 GBP/USD  1.4157  1.4159 1.4200 1.4153 1.4184  -0.0025 05:23
 USD/IRR  42000.0000  42210.0000 42097.5000 42097.5000 42097.5000  0.0000 00:00
 USD/IDR  14407.0000  14414.0000 14408.0000 14291.0000 14322.0000  85.0000 05:22
Things in the News:





Iraqi Articles:

Iraq is down 32 places in the list of the world's richest countries

link

 The "Global Finance" magazine, which is specialized in classifying the countries of the world, revealed that Iraq ranked 115th in the list of the richest countries in the world for the year 2021, retreating 32 places from 2020.

According to the statistics published by the magazine, "Iraq ranked 115 out of 194 countries listed in the table in terms of per capita gross domestic product according to purchasing power parity, with a share of $ 10.003, down 32 places from 2020, which was ranked 83."

She added, "Some very small and very rich countries, such as Luxembourg, Singapore and Hong Kong, have benefited from the existence of advanced financial sectors and tax systems in them that help attract foreign investment and professional talent, while other countries such as Qatar and Brunei have large reserves of hydrocarbons or other generating natural resources." For profits. "

Globally, Luxembourg came first as the richest country, followed by Singapore, Ireland, third, Qatar, then Switzerland, followed by Norway, sixth, then America, Brunei, eighth, Hong Kong, ninth, and Denmark, tenth.

The Arabs came Qatar ranked first and fourth globally , followed by the UAE and Bahrain Third, Saudi Arabia is fourth, Kuwait fifth and then Oman Sixth Egypt Seventh Lebanon Eighth came and then Algeria came ninth place and Jordan Tenth and Tunisia ranked 11 and Iraq ranked 12. "

And was based on classification of the magazine to the latest figures And the data issued by the International Monetary Fund for the month of April, which calculates the gross domestic product according to purchasing power parity at current dollar prices

Decline in US oil prices, fears of rising inflation

link

Oil prices fell for the second consecutive session, today, Wednesday, due to renewed demand concerns with the rise in cases of Coronavirus in Asia and fears of high inflation, which may push the US Federal Reserve to raise interest rates, which may limit economic growth.

Brent crude futures were down 73 cents, or 1.1 percent, to $ 67.98 a barrel by 0452 GMT. It had fallen 1.1 percent at the settlement on Tuesday, after rising for a short period of more than $ 70 earlier in the session.

U.S. West Texas Intermediate crude futures fell 77 cents, or 1.2 percent, to $ 64.72 a barrel, after losing 1.2 percent yesterday.

The rise in Brent crude to $ 70 was driven by optimism about the resumption of economic activities in the United States and Europe, two of the world's largest oil consumers. But it later softened amid fears of slowing fuel demand in Asia as COVID-19 cases soared in India, Taiwan, Vietnam and Thailand, prompting a new wave of restrictions on movement

Al-Bawi: The lack of services will continue, and the people will not be fooled by the replacement of some names

link

Political analyst Hazem Al-Bawi confirmed, on Wednesday, that the citizen who is caught in the fire of the denial of rights and services will not be fooled by the replacement of many blocs and politicians with their names to run the electoral journey.

Al-Bawi said to "the information", "The preoccupation of the majority of the competing blocs with replacing names, moving from one block to another, or launching an early advertising campaign and occupying a large area of the media and means of communication, which are only steps to re-market themselves again instead of coming out with courage to the public and apologizing for the failures of the past years." And work to restore the people's shattered confidence in the political class.

He explained that "the blocs and politicians resorting to the method of replacing skins cannot deceive the people who have been told that many of them gasp behind their personal interests and the people have become sufficiently aware that all these activities and activities will disappear on polling day and the service situation will remain as it is if not worse."

Al-Bawi called on the blocs and politicians to "reconcile the frustrated public instead of events, tweets and slogans that time has eaten and drank and no longer fools anyone.



CBI Update:  Just  a note:

They have been having auctions and the ISX has been trading regularly; the sites just don't update in time to put the information in this report, unless it is 
here.   

Click on the link above for the latest update.

The CBI for rate is 1460

The currency auction For May 19th, 2021 total sales amount $ . NO UPDATE

including   $0. CASH 

ISX Update:   

www.isx-iq.net/

Shares Traded: not updated for today
Value Traded: not updated for today 

5-18-2021   Intel Guru MarkZ   [via PDK]  From banking contacts…The dong continues on some banking screens to flirt with the $1 mark…it may not be what the final rate is…but gives me a lot of warm fuzzies…

5-18-2021   Guest Guru BobbyC   If those HD's...(250 to the 50K note)... are kept in the market, along with the supposed LD's of IQD, let's say 1 to 50, it would be mass confusion... My thinking is Iraq will re-denominate before new LD's are issued. Gives weight to Iraq wanting to go from Trillions to Billions...

5-18-2021   Newshound/Intel Guru Walkingstick  [via Frank]   They're talking about the language.  There's no more English language on any of their currency.  They're going to print more...?  No, they're just talking about the language that they put on there.  Will there be an article about this?  I don't know but they [the CBI] are talking about the Kurdistan and Arabic language...

5-18-2021   Intel Guru MarkZ   [via PDK]  Out of Iraq they released another article that was very similar to what they released in Kuwait just before they revalued…pegging the dinar of 1485 or so to $100 usd…basically indicating they are not doing anything anytime soon…Kuwait had a similar article…and then they just did it…RV’d.

5-18-2021  Intel/Newshound Guru Holly   ...It has been a very slow roll out done intentionally to capture any bad actors in the process... Remember it’s all about safety and security. You will want to be safe at all times going forward post rv...We will get there as the process has begun weeks ago...never, ever give up!

5-18-2021   Newshound/Intel Guru Mnt Goat   So, the recent news from Iraq is all good. They are telling us they have a $15 dollar surplus per barrel of oil.  WOW!  Remember they can not now tell us they don’t have the funds to more [move ?] ahead with the project to delete the zeros...We can feel that something is just not right and the CBI is planning something BIG with the currency in the near future. I say NEAR future because we also know they can not continue much longer in the monetary policies they are now implementing...

5-18-2021   Intel Guru Frank26  You keep asking me, 'when's it going to happen? When's it going to happen?'  Do you honestly think Iraq is in a hurry with what Biden is doing?  But the monetary reform itself has already been unveiled.  It's kind of like when you jump out of an airplane you've got to pull the chute.  Right now Iraq is in the position the Central Bank has already jumped out of the airplane.  And they're pulling the chute.  Soon God willing we will see that beautiful blossom of that parachute opening up.  I don't know when.  I have no idea when.  I know deep in my heart IMO it's happening big time.  


Catnip's Corner:
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ARTICLE 1 (from PM Kadhimi's website; posted only on Arabic side, not on English side)

Prime Minister Mustafa Al-Kazemi receives the Assistant Secretary-General of NATO

The Prime Minister, Mr. Mustafa Al-Kazemi, received today, Tuesday, Assistant Secretary-General of the North Atlantic Treaty Organization (NATO), Mr. John Manza, and his accompanying delegation.

During the meeting, they discussed bilateral cooperation between Baghdad and NATO, and the role that the NATO mission plays by supporting Iraq in its war against terrorism, and in raising the level of its military capabilities within the frameworks of training and advice and the development of institutional structures and others.

The Prime Minister affirmed the government's endeavor to enhance bilateral relations between Iraq and NATO, and the importance of this relationship elevating to a new and fruitful beginning confined to non-combat fields in accordance with the requirements of the Iraqi government and respect for the country's sovereignty.

Media Office of the Prime Minister
17-May-2021

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ARTICLE 2 (from Government of Iraq twitter account)

The two sides discussed bilateral cooperation and the role that the @NATO mission in Iraq plays in supporting Iraq in its war against terrorism and raising the level of its military capabilities within the frameworks of training and advice and the development of institutional.

PM @MAKadhimi receives the @NATO Assistant Secretary General John Manza, and his accompanying delegation.

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ARTICLE 3

Saleh and Kazemi are discussing taking the most measures in the elections
2021-05-18 12:38

Shafaq News / The President of the Republic, Barham Salih and Prime Minister Mustafa Al-Kazemi discussed, on Tuesday, taking maximum measures to prevent violations in the elections scheduled for next October.

In a statement received by Shafaq News Agency, the Presidency of the Republic stated that Saleh received Al-Kazemi at the Peace Palace and stressed "the need to protect and consolidate stability in the country, preserve the security and safety of citizens, and strengthen the authority of the state and security agencies in implementing the law and protecting community peace and security."

The two sides also stressed "the pursuit of terrorist remnants that seek to destabilize security and stability in some areas, and provide all support to the security forces in all their formations to achieve this goal."

The two sides discussed the upcoming elections, stressing their importance and the need to create appropriate conditions for their conduct, support all requirements necessary for their success and take maximum measures to prevent electoral violations, and everything that would affect the will of the voters in choosing their representatives, in order for the outcomes of the electoral process to be truly expressed. About the free will of citizens and their choices.

The meeting also dealt with "developments in the situation in the Palestinian territories and the inhuman aggression and attacks against the Palestinian people," according to the statement.

The two sides affirmed "Iraq's steadfast and supportive position for the Palestinian cause, and embracing the support of the Palestinian people at all levels and in international forums, in order to achieve their aspirations and obtain their full legitimate rights, and to stop the attacks in Jerusalem, the Gaza Strip and the rest of the Palestinian territories, and the need for joint serious action on the Arab, regional and international levels. For the immediate cessation of what unarmed civilians are exposed to, the protection of their legitimate rights, and the cessation of attacks and provocations. "

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ARTICLE 4

Talabani informs the German consul that the relations between Erbil and Baghdad have "improved" and they discuss the Iraqi elections
2021-05-18 12:47

Shafaq News / The Deputy Prime Minister of Kurdistan Regional Government, Qubad Talabani, met today, Tuesday, the German Consul General in Erbil, Clemens Simtner, and discussed with him the relations between Erbil and the federal government and a host of other issues.

Talabani said in a statement received by Shafaq News, that "after the passage of the general Iraqi budget for 2021, relations between the region and Baghdad have improved very well, announcing that" the negotiating delegation of the region will visit Baghdad next week to determine the mechanisms for implementing the budget law. "

The statement added, "In another part of the meeting, the two sides discussed the upcoming Iraqi elections, indicating that the two sides agreed in opinions on the need to work towards holding fair elections."

The statement continued, "The meeting discussed the latest political and security developments in the region and the region, and in this regard, the two sides agreed in the opinion that it is incumbent on the regional government, the federal government and all political parties, in cooperation with friendly and allied countries, to work more in order to establish stability in Iraq and the Kurdistan Region."

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ARTICLE 5

Sadr directs to re-establish Friday prayers and sets 15 conditions (document)
2021-05-18 | 12:49

The leader of the Sadrist movement, Muqtada al-Sadr, directed today, Tuesday, to re-establish Friday prayers, and while setting 15 conditions for that, he considered violators of the conditions as "infiltrated and damned."
The following is the text of the document:
   (text would not translate)

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