Thursday, July 29, 2021

WOTS WED JUL 28 21Al-Kazemi discusses in Washington encouraging American companies to invest in housing inside Iraq

 WOTS WED JUL 28 21Al-Kazemi discusses in Washington encouraging American companies to invest in housing inside Iraq

No My FX Buddies Podcast Today

The dollar exchange rates on the local stock exchange for Wednesday, (July 28, 2021), according to the monitoring of specialists.   

  

Baghdad - Kifah Stock Exchange:  

147,725  

Most of Baghdad's expenditures:  

Purchase 147,250  

Selling 148,250


The Markets:
The Asian markets closed mixed NIK down by 1.39% HSI up by 1.54% SHANG down by .58%
The UK markets are currently trading in the green mostly from .20% to .73% 
Our futures are currently trading mixed  DOW at 34901 down  by .15% SNP at 4395.25 up  by .02% NDX at 14957.5 up  by 07%

Precious Metals:
Gold is green at 1800 Silver is green  at 24.84 Copper is red  at 453 Platinum is red at 1054 
Brent 74 WTI  72   Bitcoin: 40,168 10 yr yield: 1.25


Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1430.7000  1481.4000 1457.4000 1457.3000 1457.3000  0.0000 14:58
 USD/VND  22999.0000  23002.0000 23022.7000 23011.7400 23022.7000  -12.4100 00:14
 USD/CNY  6.4970  6.4990 6.5102 6.4948 6.5095  -0.0130 05:19
 USD/KWD  0.3002  0.3012 0.3005 0.3004 0.3005  -0.0002 04:39
 GBP/USD  1.3871  1.3872 1.3894 1.3862 1.3873  -0.0003 05:19
 USD/IRR  42000.0000  42210.0000 42097.5000 42097.5000 42097.5000  0.0000 00:00
 USD/IDR  14498.0000  14499.0000 14528.0000 14475.0000 14507.0000  -9.0000 05:16
Things in the News:
Iraqi Articles:

Oil prices rise after US crude inventories data

link

Oil prices rose, on Wednesday (July 28, 2021), and this came after data showed a decline in oil and gasoline stocks in the United States .

 

US West Texas Intermediate crude futures rose 0.78% to $72.21 a barrel .

 

Meanwhile, Brent crude futures increased 0.66% to $74.97 a barrel .

 

According to Russia Today Agency, and according to unnamed energy market sources, stocks of oil, gasoline and distillates in the United States fell last week .

 

According to the two sources, the data showed that US crude oil stocks fell 4.7 million barrels for the week ending July 23, 2021. Gasoline stocks fell 6.2 million barrels, while distillate stocks fell 1.9 million barrels


Controls regulating the work of exchange companies and mediation companies in the sale and purchase of foreign currencies

link

there is an 11 pg pdf all in Arabic and not copy and pastable

The Central Bank of Iraq decided to approve all exchange companies of categories ( A , B ) and mediation companies for the sale and purchase of foreign currencies, all controls regulating the work of exchange companies and brokerage companies in the sale and purchase of foreign currencies No. ( 1 ) of 2021 and the abolition of controls No. ( 1 ) of 2018 , and adapting the conditions of companies With these controls within a period of ( 6 months ) from the date of the issuance of this book of ours.


Al-Kazemi discusses in Washington encouraging American companies to invest in housing inside Iraq

link

Prime Minister Mustafa Al-Kazemi discussed today, Tuesday, with the President of the World Bank Group, David Malpass and his accompanying delegation, investments in housing by American companies and other companies.

Al-Kazemi's office said in a statement received by Shafaq News Agency, "The Prime Minister met at his residence in Washington Malpass and his accompanying delegation, and during the meeting, they discussed joint cooperation in various fields, attributing the Iraqi government's efforts in administrative reform and combating corruption, and supporting capacity building for Iraqi institutions, public sector reform, and banking sector reform efforts.

He added, "They also discussed cooperation with regard to financing infrastructure projects in Iraq, in the areas of water, airports, and natural gas. They also discussed clean energy projects, especially solar energy to generate electric power."

The statement indicated that "Al-Kazemi discussed with the President of the World Bank Group, supporting the Iraqi government's plans in housing projects, and encouraging investments in this sector by American companies, and other companies."

The Prime Minister stressed, according to the statement, "the importance of developing cooperation with the World Bank and ways to develop it, and urged his sovereignty to expedite the disbursement of more than one billion dollars, available as loans to the World Bank, to support the government in projects ready for implementation inside Iraq."


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 July 28th, 2021 total sales amount $202,420,373. 


ISX Update:   

www.isx-iq.net/

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

7-28-2021   Newshound/Intel Guru Mnt Goat   ...Kazemi is not going to Washington DC for the RV. ...The RV is between the CBI and the IMF. If anything related, he will go ask for relief from OFAC sanctions that the CBI needs lifted in order to reinstate the dinar, thus then they can start the process of deleting the zeros which we know leads to the reinstatement and thus us going to the bank
7-27-2021   Intel Guru MarkZ   [via PDK]   Don’t know what to tell you all timing wise because things are so quiet now…It is freakishy quiet…sources will only say to sit still, stay quiet but they are still in place.  I am still hearing a lot of static and chatter that it will happen this week. So we keep watching.

7-27-2021   Newshound Guru Breitling   Be happy.  You're fine.  Everything is good - still in that window.

7-27-2021   Intel Guru Holly   Tuesday Rv News:  Yesterday was a monumental day for Iraq! They became an active member of the WTO! Congratulations Iraq! You have endured a very long, difficult journey to become part of the world stage! Next is your rate change and becoming international...I am told the target date is by the end of this month...

7-27-2021   Intel Guru MarkZ   [via PDK]  It’s still pretty quiet but Iraq is ascending to the WTO officially. No more being an “observer” or “junior member”.  I think this was a huge piece. They can now operate on the world stage and they need a world class currency to go with it.

7-27-2021   Newshound Guru Pimpy  There's a lot of news about the meeting between Iraq and the United States.  Of course it's very good news.  What is the news?  That America is getting the hell out of there... Quote: "welcomes the achievement of the Iraq negotiators by agreeing to the complete exit of the combat forces at the end of the year and considers it a positive and advanced step towards achieving full national sovereignty."  They haven't got their sovereignty 100%.  By pulling out...they'll get their sovereignty...This is big.  Why?  Because if the nation has sovereignty guess what happens - They have to have a recognizable currency...

7-27-2021   Intel Guru Frank26   I was really surprised Kazemi went to D.C...IMO what you're seeing in this Washington D.C trip is really what's going on with the WTO...Kazemi is in DC working on the monetary reform indirectly satisfying the requirements of the WTO.  All of this being done with the U.S. Treasury...

7-27-2021   Intel Guru Fleming  the RV rates of the 23 currencies in the first basket are posted to Forex behind the scenes and at the right time the rates will be published publicly...WF upper level bankers and wealth managers were told over the past weekend to report to their banks and redemption centers today Mon 26 July, to be ready for "major changes" (a clear reference to the RV release and shotgun start + exchanges starting)  [post 2 of 2]
 
7-27-2021   Intel Guru Fleming   Monday Night RV Report:  Our military intel contact said that his info is that everyone behind the scenes is being told the shotgun start is any moment this week going forward...Iraqi PM Kadhimi (=Kazemi) and the Iraqi delegation are in meetings today in DC concerning Iraqi - USA economic and business agreements, security agreements and the reduction of US military presence in Iraq, and about Iraq being inducted into the WTO for which Iraq needs the new IQD RV rate that it has now and that is posted on Forex behind the scenes...  [post 1 of 2....stay tuned]


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

The most important thing that Prime Minister Mustafa Al-Kazemi spoke during his meeting with the Businessmen Forum and the American Chamber of Commerce 

The Iraqi government has taken bold measures towards real reforms in the economy, the most important of which is strengthening credit activity in the banking sector.

🔵 We have begun to address the weak infrastructure, despite the budget deficit, by encouraging private sector investments.

🔵 The government has put forward clean energy projects through competitive and transparent bidding, which resulted in attracting the largest international companies in the field of solar energy, and we are now in negotiations with the largest international companies to grant 7500 megawatts in the field of solar energy during the next two years.

The government has begun to address the housing crisis through a package of measures, the most important of which is the initiative of government banks and a number of private banks to offer low-cost and long-term loans to support the purchase of housing units, and this will also help encourage investment in the real estate sector.

This initiative helped revitalize a number of stalled projects.

🔵 Corruption is fought and state resources are preserved, and one of the most important measures is the cancellation of vacations in fake and lagging projects behind which mafias of economic and political corruption stand.

🔵 In a short period we have achieved great progress in the investment sector, and there is great work in the field of oil and energy, and clean energy in particular. And we launched strategic projects in the field of gas, and the investment of associated gas, in cooperation with American companies.

🔵 Iraq's doors are open to investment, and American companies in particular, and our vision is serious in relying on Western investments instead of others, and we need your cooperation in order to achieve this.

Media Office of the Prime Minister
27 - July - 2021

***************
ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side)

Prime Minister Mustafa Al-Kazemi meets in Washington the President of the World Bank Group 

Today, Tuesday, at his residence in the American capital, Washington, Prime Minister Mustafa Al-Kadhimi met with the President of the World Bank Group, David Malpass and his accompanying delegation.

During the meeting, they discussed joint cooperation in various fields, supporting the Iraqi government's efforts in administrative reform and combating corruption, supporting capacity building for Iraqi institutions, public sector reform, and banking sector reform efforts.

They also discussed cooperation with regard to financing infrastructure projects in Iraq, in the areas of water, airports, and natural gas. They discussed clean energy projects, especially solar energy to generate electric power.

The Prime Minister stressed the importance of developing cooperation with the World Bank and ways to develop it, and urged His Excellency to expedite the disbursement of more than one billion dollars, available as loans to the World Bank; To support the government in projects ready for implementation inside Iraq.

Mr. Al-Kazemi discussed with the President of the World Bank Group, supporting the Iraqi government's plans in housing projects, and encouraging investments in this sector by American companies, and other companies.

Media Office of the Prime Minister
27 - July - 2021

***************
ARTICLE 1-C (from PM Kadhimi's website; posted only on Arabic side, not on English side)

The most important thing that came in the interview of the Prime Minister, Mustafa Al-Kazemi, with Al-Iraqiya TV 

🔵 The results of the dialogue with the United States of America are the result of a long period of dialogues conducted by the government, concerning the future of Iraqi-American relations in the security, cultural, economic and energy fields.

🔵 The most important thing about this achievement is that it unified the positions of the Iraqi political forces, and this gives a glimmer of hope to the Iraqis that we are united in visions regarding Iraqi sovereignty, which we hope will be reflected in the upcoming elections.

🔵 We have moved to a new stage of relations with the United States of America in the long run, providing support and training to our security and military services, as well as in the economic, energy and environmental fields.

🔵 Our forces today received recognition of their ability to protect our lands and people from terrorist groups and protect internal security, Iraq needs to take advantage of this opportunity to strengthen social peace and work within the framework of the state.

🔵 Today, Iraq has regained its health and influence, and its role in the region has become pivotal, and everyone is betting on Iraq's role in restoring cohesion in the vicinity of the Arab and Islamic region, and searching for an Iraqi role to bring the views closer between the rival and competing countries.

🔵 We seek and support everyone to search for a mechanism for dialogue, which is certainly better than differences and wars. We support dialogue, whether it is American-Iranian, or any dialogue that can help stabilize the region, because it has repercussions on Iraq's stability and economic situation.

🔵 The commonalities between America and Iran are many, and whenever there are differences, they have negative repercussions and tension in the region, and everyone knows that the region lives in the shadow of many tensions, so we encourage everyone to search for commonalities, and to look at things through a perspective of goodwill.

🔵 Last year, we signed many understandings with the United States of America, many of which are in their final stages to sign memoranda of cooperation and agreements. These are big contracts that require a lot of time, and most of them have been completed and will have great repercussions on the lives of citizens.

🔵 There are contracts with large oil companies in the province of Dhi Qar, Basra, Maysan and Muthanna, and there are also large development projects in the field of gas, and in the near future they will be in the process of implementation.

🔵 We are working to create a safe environment for investment and send a message to everyone that Iraq has a golden opportunity for investors, and this investment will have repercussions on the lives of citizens.

🔵 We presented the white paper for financial, administrative and legislative reform, which would create good conditions for investment and protect foreign investments, as well as protect the Iraqi investor and change all bureaucratic aspects of work.

🔵 I hope to adopt this reform white paper as working rules for future governments, a paper that needs five years to achieve reform, and we call on the House of Representatives to pass legislation that helps implement this paper.

🔵 Corona pandemic has become a global challenge for all countries of the world, including Iraq, the Iraqi government signed a set of agreements with Pfizer to provide quantities of vaccines and they are in a daily case of increasing, in the past we used to receive 50,000 vaccines per week, and we will soon move to 400,000 vaccines per week, as the states provided The United States of America, half a million doses of vaccine will reach Iraq within a few weeks.

🔵 We have a plan starting from the middle of next August to vaccinate citizens, increase the import of vaccines, and reach the largest possible number of Iraqis, and we wish citizens to voluntarily go to hospitals to receive the vaccine, as it is an important issue that affects their lives and concerns the protection of national security in the health aspect.

🔵 My thanks to the Ministry of Culture, the Ministry of Foreign Affairs, the Iraqi Embassy in Washington and some American organizations for their contribution to the recovery of 17,000 Iraqi artifacts, which is an important message that Iraq has begun to recover much of its lost heritage, and that it is part of human civilization. To display it in Iraqi museums, the Ministry of Culture should hold a mobile exhibition in the world.

🔵 There is coordination and cooperation between Iraq and the United States of America, not only in the security field, but also in the cultural and economic fields, and the cultural aspect has taken a great deal of space in this regard, and the coordination that took place in the receipt of artifacts is the beginning of cultural cooperation between Iraq and America.

🔵 The world has changed and Iraq must open up to everyone because of its important repercussions on the economic, health and other situation, and we must take advantage of any opportunity that serves Iraq and through which it can regain its true role.

Media Office of the Prime Minister
27 - July - 2021

*************
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.

***************
ARTICLE 3-A

Today, Tuesday, the US authorities assured the Governor of the Central Bank of Iraq that all the bank’s reserves and funds are fortified and no party can seize them.

The central bank said in a statement: "They confirmed that they will defend their immunity with the rest of the countries, and these reserves cannot be compromised," according to the Iraqi "Al Furat News" agency.

He added: "Iraq will complete during the coming period the full payment of the compensation and benefits accrued from it before 2003, and this will lead to the lifting of international immunity from Iraq's money abroad, and it will be subject to implementation by some creditors from other parties and companies."
He continued: "Those legal authorities confirmed that the funds and reserves of the Central Bank of Iraq are protected under the laws followed in the United States of America, and pledged to defend what is in the central banks and banks in other countries."

***************
ARTICLE 3-B

Good news from the Central Bank of Iraq
Last update July 27, 2021

The Independent/ The Central Bank of Iraq announced, on Tuesday, that its funds are “fortified” by an American decision, and “no party can seize them.”

The bank stated in a statement, that the legal authorities in the United States of America confirmed to the Governor of the Central Bank of Iraq that all the reserves and funds of the Central Bank of Iraq are fortified and that no party can seize them, and also confirmed that they will defend its immunity with the rest of the countries and these reserves cannot be compromised.

The Governor of the Central Bank is accompanied by the Iraqi Prime Minister in the delegation in Washington.

And the bank added, "Iraq will complete during the coming period the full payment of the compensation and benefits accrued from it before 2003, as this will lead to the lifting of international immunity from Iraq's money abroad and it will be subject to implementation by some creditors from other parties and companies."

He also added that those American legal authorities confirmed that the funds and reserves of the Central Bank of Iraq are protected under the laws followed in the United States of America, and pledged to defend what is in the central banks and banks in other countries.

*************
ARTICLE 4

Parliamentary Finance reviews, with the President of the Republic, the legislation to prosecute the corrupt
2021-07-27 | 12:42

Today, Tuesday, Deputy Chairman of the Parliamentary Finance Committee, Muthanna Al-Samarrai, reviewed with the President of the Republic, Barham Salih, efforts to legislate the law to prosecute the corrupt, and the most important developments in the Salah al-Din Governorate.

Al-Samarrai's media office said in a statement received by Alsumaria News, that the latter "met the President of the Republic, Barham Salih, at the Peace Palace in Baghdad, during which a number of issues related to the legislation of laws, the work of the Parliamentary Finance Committee, early elections and the situation of Salah al-Din Governorate were reviewed."

Al-Samarrai explained, "He reviewed with President Saleh the efforts of the Finance Committee regarding its role in legislating the law to prosecute the corrupt and its continuation in holding meetings and carrying out its work without interruption, including monitoring and following up on the implementation of the budget law."

During the meeting, according to the statement, "the file of the early elections to be held on the tenth of next October and the preparations of the Electoral Commission, political blocs and popular activities for this entitlement were discussed."

*************

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)