WOTS TUE JUL 20 21 Sumo: The results of the OPEC meeting are successful and fruitful for Iraq
There is no My FX Buddies Podcast today
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.
And 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 | | | 1425.8000 | 1425.8000 | 1425.8000 | | 00:34 |
USD/VND | | | 23018.8200 | 23018.3000 | 23018.3000 | | 00:22 |
USD/CNY | | | 6.4895 | 6.4769 | 6.4888 | | 04:58 |
USD/KWD | | | 0.3007 | 0.3004 | 0.3007 | | 04:54 |
GBP/USD | | | 1.3688 | 1.3627 | 1.3672 | | 04:58 |
USD/IRR | | | 42097.5000 | 42097.5000 | 42097.5000 | | 00:00 |
USD/IDR | | | 14628.0000 | 14528.0000 | 14589.0000 | | 04:57 |
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Sumo: The results of the OPEC meeting are successful and fruitful for Iraq
The Oil Marketing Company (SOMO) confirmed today, Tuesday, that the results of the OPEC meeting are successful and fruitful for Iraq, indicating that OPEC decided to continue raising Iraqi oil production until September 2022.
The researcher in energy affairs at the company, Muhammad Jabbar Ajrash, said in an interview with the Iraqi News Agency, and followed by "Economy News", that "the OPEC agreement was successful and fruitful for Iraq, where there is an increase of two types, the first type is to increase the quantities of oil produced to 47,500 barrels per month." Noting that "the increase continues from August 2021 to September 2022."
He continued, "As for the second type that concerns Iraq, it is the increase in the Iraqi production ceiling, since after the Corona pandemic, the quantities of oil produced by OPEC and its allies were reduced, and Iraq's production was 4 million and 653 barrels, but after the last meeting, the production ceiling was raised to 4 million 803 barrels per day." .
He added, "The main goal of OPEC and its allies is to preserve the market in terms of supply and demand," noting that "OPEC always seeks to have a balance between supply and demand, and thus there is protection for the consumer, the investor and the producer."
The OPEC + countries agreed, on Sunday, to further ease production cuts, starting in August, and also agreed to use the new production quotas from May 2022, and also agreed to increase the production quota of Iraq and Kuwait by 150 thousand barrels per day.
On the eve of Eid al-Adha, 35 people were killed and 60 wounded in an explosion in a popular market east of Baghdad
The Islamic State claimed responsibility for the suicide bombing that targeted a popular market in Sadr City, east of Baghdad, on Monday, the eve of the blessed Eid al-Adha, killing 35 and wounding 60 others.
In a statement attributed to him, circulated on pages and websites loyal to the organization, the organization said that a suicide bomber named "Abu Hamza" blew himself up at a Shiite gathering in Sadr City.
Earlier, security and medical sources said on Monday that 35 were killed and at least 60 others were wounded in the explosion, adding that among the victims were women and children.
Medical sources confirmed to Reuters that the death toll may rise because some of the injured are in critical condition.
The Iraqi official news agency stated that the explosion was caused by an explosive device, while the Security Media Cell of the Iraqi Ministry of Defense said that an investigation had been launched into the incident, and no party had claimed responsibility for the bombing.
The Security Media Cell described the bombing - which took place in the Al-Wahilat market in Sadr City - as a "terrorist".
A government medical source in Baghdad said that the Ministry of Health has mobilized all its staff in hospitals to receive the dead and wounded in the bombing.
For his part, Yahya Rasoul, a spokesman for the Iraqi Prime Minister, Mustafa Al-Kazemi, said in a statement that Al-Kazemi had ordered the arrest of the commander of the security force responsible for securing the Al-Wahailat market.
The Iraqi Prime Minister also ordered, according to the same source, the opening of an investigation into the bombing by the Baghdad Operations Command of the army.
Iraqi President Barham Salih said on Twitter, "In a heinous crime and cruelty that is unparalleled, they target our civilians in Sadr City on the eve of the Eid. They do not accept the people to rest even for a moment with security and joy. We will not rest until we uproot the hateful and cowardly terrorism from its roots."
In April, the Islamic State claimed responsibility for detonating a car bomb in a market in Sadr City, the main Shiite neighborhood, in an attack that killed 4 people and wounded 20.
The organization also claimed responsibility for a bombing in January that killed more than 30 people in the crowded market in Tayaran Square in central Baghdad, and this was the first major suicide bombing in Iraq in 3 years.
Major bombings occurred almost daily in the Iraqi capital once, but they have declined since the defeat of the Islamic State in 2017, after its fighters swept the north and west of the country.
In 2017, Iraq declared victory over the Islamic State by restoring its entire territory, which was estimated at about a third of the country's area, which the organization invaded in the summer of 2014.
However, the organization still maintains sleeper cells in large areas of Iraq and launches attacks between different periods.
AL-RAFIDAIN ANNOUNCES NEW INSTRUCTIONS FOR CITIZENS WISHING TO OPEN SAVINGS ACCOUNTS
Today, Tuesday, Al-Rafidain Bank announced new instructions to facilitate procedures for citizens wishing to open savings and current accounts to deposit their money in the bank.
And the bank’s media office stated, in a statement received by the “National News Center”, that “the bank canceled the requirement to see the definition for customers who wish to open current accounts, with the aim of attracting the largest number of customers, with a commitment to applying the principle of knowing your customer and taking due diligence measures.”
The bank renewed, “its emphasis on the obligation to submit one supporting document when opening savings and current accounts.”
He explained, "The unified card dispenses with the rest of the documents, and there is no need to wait for the validity of its issuance, while adopting the civil status identity, passport, housing card, or housing support for those who were not issued a unified card."
CBI Update: Just a note:
including $0. CASH
ISX Update: HOLIDAYShares Traded: not updated for todayValue Traded: not updated for today
7-19-2021 Newshound Guru Breitling Question: "Is it realistic to think we will have our blessing before September 1st?" It could revalue tonight. It would be 100% legit and it would work. They could have done it at the beginning of the year that's why I was so excited...yes it is realistic for this to happen before September 1st.
7-19-2021 Newshound Guru Pimpy See what I'm saying? These oil rich nations have very valuable currencies...Saudi Arabia: for every 1 Saudi Arabia dollar we get back 27 cents U.S. dollars. If this was the Iraq dinar I'll take .27 cents...! That's another oil nation. UAE: Same thing. For every 1 of their dollars they give back 27 cents. Qatar: Same things. For every 1 or their currencies you get back .27 cents U.S. dollars. Even if we took the worst out of all of these [not under sanctions]...I'll take .27 cents for every 1 Iraqi dinar...the IQD is no where near this...it's not even a half a cent...So when you look at all the surrounding currencies of other oil rich nations there's no reason not to believe that the IQD...won't get up there as well... [post 2 of 2]
7-19-2021 Newshound Guru Pimpy Let's think about this logically so we take a look at a map...let's look at the other oil nations to see where they stand as far as their currencies are involved...for every 1 Kuwait dinar that you exchange you get back 3.32 of US dollars...Bahrain: for every 1 Bahrain you get back 2.65 U.S. dollars. You see why people get excited. These are other oil nations not under sanctions. You can see the value of their currencies. The reason why their currencies are so valuable is because they are oil producing nations. Omani rial: For every one of their currencies you get back 2.60 of U.S. dollars. I can understand why people get excited. Jordan: for every 1 of their dollars you get back 1.41 of United States dollars. [post 1 of 2....stay tuned]
7-19-2021 Intel Guru MarkZ [via PDK] This weekend played out like we thought it would… its very positive that we have seen so much progress in tiers 1 and 2….now we need to see progress in tier 3…Things still seem to be on track, but nobody knows the exact timing. …this thing is very fluid... Keep praying…we are still seeing steady progress…Things are so different now then they have ever been before. I am going to sit back and watch it all roll out.
7-19-2021 Intel Guru Frank26 In history no redenomination has ever been kept a secret. If so then it would have failed. Why do you think it's so important for the international world to know the things that you are suspecting and smelling and saying what's going on? You know what's going on. You just can't spring the monetary reform on the citizens of Iraq. No. Education is the process now. And what they are teaching them about is...the new exchange rate and the new small category notes. They're making it very clear to the citizens of Iraq that they're changing the rate. That they're changing their currency...everybody is against the wall. We're only waiting for the CBI to give us a date...
7-19-2021 Intel Guru Fleming Sunday RV Report: Our military intel contact said his info from Mr Fleming’s sources matches our guy’s info: “all done done done and release any time now..."
7-19-2021 Intel Guru MarkZ [via PDK] [There is talk again of Iraq dropping 3 zeros from their currency.] Isn’t that neat? Dropping means they change value and don’t need the large 3 zero bills anymore. History has shown us how that works
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