WOTS FRI JUL 23 21
Technical and military delegations.. Details about Al-Kazemi’s tour in Washington
No MY FX Buddies Podcast Today
Today, Friday, local markets recorded stability in the dollar exchange rates.
The selling price of the dollar reached 148.750 dinars per 100 dollars, while the purchase prices settled at 148.250 dinars per 100 dollars.
The Central Bank of Iraq decided earlier to adjust the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars, and the price of selling it to banks was set at (1460) dinars per dollar, while the selling price to the citizen is 1470 dinars per dollar.
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1433.3000 |  1484.3000 | 1456.9000 | 1456.9000 | 1456.9000 | -0.6000 | 06:12 |
| USD/VND | 23005.0000 | 23009.0000 | 23001.3600 | 22997.7300 | 22997.7300 | 4.2000 | 05:27 |
| USD/CNY |  6.4772 | 6.4792 | 6.4773 | 6.4677 | 6.4696 | 0.0076 | 06:35 |
| USD/KWD | 0.3005 | 0.3015 | 0.3009 | 0.3005 | 0.3006 | 0.0003 | 06:33 |
| GBP/USD | 1.3731 | 1.3732 | 1.3779 | 1.3720 | 1.3766 | -0.0035 | 06:38 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14489.0000 | 14489.0000 | 14523.0000 | 14481.0000 | 14507.0000 | -19.0000 | 06:35 |
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After a noticeable rise, oil is in the red zone
Oil prices fell on Friday, but crude is on track to end the week unchanged after rebounding from a sharp drop last Monday, supported by expectations that supply will remain tight as demand recovers.
Brent crude fell 0.2 percent to $ 73.68 a barrel, by 08:10 GMT, after jumping 2.2 percent on Thursday.
Meanwhile, US West Texas Intermediate crude fell 0.3 percent to $71.73 a barrel, after rising 2.3 percent yesterday.
On a weekly basis, Brent crude is heading to end the week stable after declining in the previous three weeks. US crude is also expected to remain stable during the week.
Both contracts fell by about seven percent on Monday, but they made up for all those losses, with investors expecting demand to remain strong and the market receiving support from falling oil stocks and high vaccination rates.
Demand growth is expected to exceed supply after an agreement last Sunday between the Organization of the Petroleum Exporting Countries "OPEC" and its allies, within the framework of the "OPEC +" group, to return 400,000 barrels per day every month starting from August 2021.
Analysts from "AN" said Z Research" in a report that "the market is beginning to feel that the increase of 400,000 barrels per day will not be enough to maintain market balance, and that stocks in the United States and in the countries of the Organization for Economic Cooperation and Development are declining."
Technical and military delegations.. Details about Al-Kazemi’s tour in Washington
Prime Minister Mustafa Al-Kazemi will start tomorrow, Saturday, a visit to the United States of America to meet with US President Joe Biden.
Observers and specialists believe the visit comes in the context of the completion of the consultations between the United States and Iraq, about the withdrawal from the country, as well as security coordination between the two sides to fight al “Daesh”, as well as the situation assessment of the regional and international, after the arrival of Joe Biden and Ibrahim key to power, as well as the most important file and is dealing with the armed groups and factions.
According to a source familiar with the “technical delegation accompanying him 100%, focused on the fact that Kazmi delegation in the Iraqi strategic dialogue – the US, and therefore his work is not political but A technician tries to discuss matters, opportunities, challenges and partnerships in a professional, technical way, whose first criterion is the Iraqi national interest and the national need for cooperation and partnership.
And regarding the military delegation accompanying Al-Kazemi, the source explained that “the presence of a number of military leaders within the delegation’s lineup comes in the context that the strategic dialogue will end with a major result for the security sector, which is setting a timetable for the Americans’ withdrawal from Iraq, and the dialogue will expand towards activating joint understandings in light of the agreement.” The strategic framework consists in returning Iraqi-American relations to the stage before the fall of Mosul in 2014, activating partnership and cooperation programs in training, exchanging intelligence information, and sustaining Iraqi weapons of American origin.
He also indicated that “there are important matters that Al-Kazemi will discuss with the American side, such as electricity, whether in terms of partnership in energy rehabilitation programs, attracting investments, and dialogue with (General Electric), or in terms of the issue of settlement of financial payments for Iranian gas and the issue of exemption and international sanctions. on Iran, in addition to attracting investments in the energy field.”
Al-Rafidain announces the distribution of the MasterCard to defense employees in two new governorates
Al-Rafidain Bank announced, on Friday, the distribution of MasterCard cards to employees of the Ministry of Defense in their military units in Muthanna and Diwaniyah.
The media office of the bank stated, in a statement that Mawazine News received a copy of it, that "the Master Card was distributed to the affiliates through the mobile committees that were formed."
The statement called on the affiliates "not to review the bank's branches, and that the relevant committees are tasked with delivering the Master Card to the affiliates."
CBI Update: Just a note:
including $0. CASH
ISX Update: HOLIDAYShares Traded: not updated for todayValue Traded: not updated for today
7-22-2021 Intel Guru MarkZ [via PDK] [What do you mean when you say dinar should be $4 and up?] Before Sadaam Hussein moved to take over Kuwait (Early 1990’s) the Iraqi Dinar was the strongest currency in the world, and the second strongest was the Kuwaiti Dinar. It would take almost $4 US dollars to buy one dinar. Iraq invaded Kuwait…At that point the IMF/UN devalued the currencies to take away the ability to make war. They devalued both currencies even though Kuwait was innocent because Iraq had moved in and took over the government and the banks. [post 1 of 2....stay tuned]
7-22-2021 Newshound Guru Breitling Question: "Do you think Iraq is waiting until the United States is totally out before they concentrate on the currency?" No. It has nothing to do with it whatsoever. In fact they like the United States being there...
7-22-2021 Newshound Guru Pimpy Sovereign nation has to have a valuable currency to function. They don't have to get no loans or nothing like that. I'm not saying there's a rate change that's going to happen but IMO it's one hell of step forward into the possibility of strengthening the Iraqi dinar...getting the United States out of there and allowing these people to start working on their own, this is a big step IMO...they're counting on the United States for security - that's not being sovereign...
7-22-2021 Intel Guru MarkZ [via PDK] [Do you still expect the RV at the end of July?] The end of July or beginning of August…maybe earlier. That is just my gut feeling…One of my Redemption Center contacts have been told they will be on stand by this weekend and need to be within 2 hours of locations.
7-22-2021 Intel Guru Frank26 You can't spring the monetary reform on the citizens, it would fail...they're making it very clear to the Iraqi citizens that the CBI and Kazemi are changing the exchange rate and changing the currency because the 3 zero notes will not work with the new exchange rate...the international community knows and that's why it's pouring into Iraq. They know that a change is coming from both of these issues - their currency and their exchange rate. Saleh...is explaining to the citizens the how's, the why's, the when's, the where's and soon the date of all of this. It's not a secret.
7-22-2021 Intel Guru Footforward Article: "Joint Statement from the U.S. Department of the Treasury and the State Bank of Vietnam" Article quote: "The SBV is also making ongoing efforts to further modernize and make more transparent its monetary policy and exchange rate framework. In support of these efforts, the SBV will continue to improve exchange rate flexibility over time, allowing the Vietnamese dong to move in line with the stage of development of the financial and foreign exchange markets and with economic fundamentals, while maintaining macroeconomic and financial market stability." Translation...we want you to revalue your currency now.
7-22-2021 Intel Guru MarkZ [via PDK] Still hearing that depending on where you are at, that most exchanges will be handled at major banks or centers that they have set up depending on the location, the size and how many currency holders they have in that community or area... [Did I hear that...the IQD and VND rate around $15.00?] I am hearing the same thing…I also hear they will have a street rate around $4. With rate rumors like that I try not to get to excited.
7-22-2021 Intel Guru Fleming Wednesday RV report: Per DoD: Our military intel contact is confirming sources saying that the beginning of the final RV release is currently planned by DoD & UST for this Fri 23 July when the Olympics start in Tokyo, which will initiate the sequence leading to the shotgun start & T4B start if all goes as planned...He is confirming [Guru] TX Snake’s latest intel and [Guru] MarkZ’s today Wed 21 July that redemption centers are still to be ready at any moment to start exchanges this week & weekend and the redemption centers have not been shut down...
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