WOTS FRI AUG 6 21
A new statement from the Iraqi Minister of Finance about the budget, the dollar and oil..
Publishes the dollar exchange rate today against the Iraqi dinar in the local markets and Iraqi exchanges on Friday (August 6, 2021), which recorded slight and almost stable changes against the Iraqi dinar.
The price of the dollar today in Iraq came in the local markets and the Iraqi stock exchanges in the
capital, Baghdad, Basra and Erbil as follows:
The exchange rate of the dollar against the Iraqi dinar in Iraq today, Friday, August 6, 2021
Mosul - Bursa
148,100
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1436.1000 |  1486.9000 | 1457.4000 | 1457.4000 | 1457.4000 | -0.2000 | 09:56 |
| USD/VND | 22927.0000 | 22935.0000 | 22919.6000 | 22918.7200 | 22918.7200 | 0.5900 | 00:09 |
| USD/CNY | 6.4673 | 6.4693 | 6.4677 | 6.4604 | 6.4605 | 0.0067 | 05:28 |
| USD/KWD | 0.3000 | 0.3010 | 0.3002 | 0.3002 | 0.3002 | 0.0000 | 01:13 |
| GBP/USD | 1.3913 | 1.3915 | 1.3932 | 1.3907 | 1.3924 | -0.0012 | 05:28 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 |  0.0000 | 00:00 |
| USD/IDR | 14364.0000 | 14364.0000 | 14389.0000 | 14337.0000 | 14363.0000 | -1.0000 | 05:25 |
A new statement from the Iraqi Minister of Finance about the budget, the dollar and oil..
Iraqi Finance Minister Ali Allawi announced that the 2022 budget, which the ministry began preparing a few days ago, will have a reform dimension, stressing that the next year's version "is different from previous budgets" and reflects "the reality of Iraq's obligations."
He explained in a statement followed by "Nass", Friday (August 6, 2021), that the ministry will seek to submit this new budget to Parliament before the early parliamentary elections scheduled for October, adding that it will be a "reform budget, but it may be politically difficult."
He said that the ministry "tried in the previous budget to do a similar thing," as it "presented the budget in a way that shows officials the size of Iraq's real obligations without paying them in arrears corners, so the number was large and was not politically acceptable, so it was amended and the budget was issued" in its current form.
In the proposed 2021 budget bill, which the government submitted to Parliament, the value of the deficit was estimated at 49 billion dollars. But the deputies made up the difference by canceling debts and dues from the state in exchange for energy sources from the account, especially dues for Iranian gas and energy, and other payments for infrastructure.
The value of the deficit in the 2021 budget, as approved by Parliament, amounted to 19.8 billion dollars, compared to 23.1 billion dollars in 2019, knowing that Iraq did not approve the 2020 budget due to political tension.
The total value of revenues in the 2021 budget amounted to about 69.9 billion dollars, calculated based on the export of crude oil on the basis of a price of 45 dollars per barrel, and an export rate of three million and 250 thousand barrels per day. As for the value of the 2021 budget, it amounted to $89.7 billion, about 30% lower than the last budget approved in 2019.
The minister explained that the price of a barrel in the new budget will be 50 dollars, which is an adjustable figure. However, the value of a barrel of oil in the market is currently much higher and exceeds sixty dollars.
Iraq, the second largest oil producer in the Organization of the Petroleum Exporting Countries, is going through its worst economic crisis. The poverty rate in the country has doubled in 2020, and 40% of the population of 40 million is considered poor, according to the World Bank, while the Iraqi dinar has lost 25% of its value.
Corruption, which has cost Iraq twice as much as its gross domestic product, or more than $450 billion, is the main concern of Iraqis who suffer from a lack of electricity, hospitals and schools.
However, the minister said that Iraq's financial situation has improved this year due to "the rise in the price of oil and the change in the exchange rate of the dinar."
Meanwhile, Iraq is negotiating with the International Monetary Fund on a loan amounting to between 3 to 4 billion dollars, as the minister explained, hoping to reach an agreement with the Fund by the end of the year.
He explained that this "borrowing is of a monetary nature and gives credibility to the reforms" that the ministry wants to implement, and "their end depends on our current situation and the 2022 budget if we are able to present it to Parliament before the parliamentary elections."
The second within hours.. an explosion targeting a convoy of the coalition in Iraq
It caused damage to one of the trucks, according to a security source
On Thursday, unknown persons detonated an explosive device in a convoy of the International Coalition in the central province of Babylon, in the second attack of its kind within hours, according to a security source.
In a telephone conversation with "Anatolia" correspondent, Lieutenant in the Babylon Police Ali Al-Samer said that an explosive device planted on the side of the road exploded on a convoy of trucks carrying logistical equipment of the International Coalition on the highway in Babil Governorate.
Al-Samer added that the attack caused damage to a number of the wheels of one of the trucks, without causing any casualties, noting that the authorities opened an investigation into the accident.
This attack is the second of its kind within a few hours, after a bomb exploded on another convoy in the southern province of Diwaniyah, causing damage to one of the trucks, according to a security source to Anatolia.
The new attack is also the seventh of its kind within a week, after similar attacks that took place in the governorates of Diwaniyah, Dhi Qar (south) and Babil (central).
In recent weeks, attacks by missiles, drones and improvised explosive devices targeting the US embassy and coalition forces, led by Washington, have escalated across Iraq.
Washington accuses Iraqi armed factions linked to Iran of being behind the attacks targeting its embassy and bases where American soldiers are deployed in the country.
The second within hours.. an explosion targeting a convoy of the coalition in Iraq
It caused damage to one of the trucks, according to a security source
On Thursday, unknown persons detonated an explosive device in a convoy of the International Coalition in the central province of Babylon, in the second attack of its kind within hours, according to a security source.
In a telephone conversation with "Anatolia" correspondent, Lieutenant in the Babylon Police Ali Al-Samer said that an explosive device planted on the side of the road exploded on a convoy of trucks carrying logistical equipment of the International Coalition on the highway in Babil Governorate.
Al-Samer added that the attack caused damage to a number of the wheels of one of the trucks, without causing any casualties, noting that the authorities opened an investigation into the accident.
This attack is the second of its kind within a few hours, after a bomb exploded on another convoy in the southern province of Diwaniyah, causing damage to one of the trucks, according to a security source to Anatolia.
The new attack is also the seventh of its kind within a week, after similar attacks that took place in the governorates of Diwaniyah, Dhi Qar (south) and Babil (central).
In recent weeks, attacks by missiles, drones and improvised explosive devices targeting the US embassy and coalition forces, led by Washington, have escalated across Iraq.
Washington accuses Iraqi armed factions linked to Iran of being behind the attacks targeting its embassy and bases where American soldiers are deployed in the country.
CBI Update: Just a note:
including $58,700,000 . CASH
ISX Update: FRIDAYShares Traded: not updated for todayValue Traded: not updated for today
8-5-2021 Intel Guru Frank26 Both the IMF and the AMF are saying raise the value of your currency...lift the 3 zeros from your exchange rate...that's old news. It's so old it's Greek Mythology. But only the AMF is asking them to join the GCC. They both have the same idea - one 'unified currency' in the Middle East. No. Absolutely not...Iraq wants to stand alone! ...the Iraqi dinar wants no part of this...there is a date to change the notes and change the exchange rate. That date is still solid as a rock... 'Unified Currency'. You're going to start seeing that and when you do you're going to be well ahead of the curve...this issue is actually forcing that date to maybe come sooner than they expected.
8-5-2021 Newshound Guru Pimpy Article: "Congress Passes Iraq War Authorization Revocation Act" This is good news. As they work toward their [Iraq's] sovereignty. First of all we have to get the hell out of there. Congress made it official. It passes the Iraq War Authorization Revocation Act. In other words they revoked their need to be into war there...looks like congress passed it. What's left the senate? ...it's time for them [Iraq] to kick the training wheels off and let these bad boys learn how to ride that bike. I have faith in Iraq - Have faith in their current administration.
8-5-2021 Intel Guru BobTheTaxMan Ordinary income is based on your taxable income and allowable deductions...The IQD is going to fall into this category. Ordinary income is taxed on a percentage...Under the Biden tax change that he wants to bring in the domain anything over $400,000 is going to be subject to 39.5% taxes. It doesn't matter your filing status. He's going to grab you right there...over $400,000 gets ugly so you have to have a strategy in order to keep yourself away from all the nasties. Remember, these are not in play yet but they are on the table. It's being debated and voted on even as we speak. [Note: At the appropriate time consult your tax and financial advisors to form the best plan for your specific circumstances.]
8-5-2021 Intel Guru MarkZ [via PDK] Watching Iraq lets us know what our timing could look like...I am actually feeling really positive today…excited this week…we are so close guys…
8-5-2021 Intel Guru Frank26 Turns out we have an issue - the GCC. Gulf Cooperation Council - a political and economic alliance that consists of 6 Middle Eastern countries. Saudi Arabia, Kuwait, United Arab of Emirates, Qatar, Bahrain, Oman...they put their oil together...the GCC has approached Iraq and Kazemi and said they want them to join the GCC...one of the things that came out is the GCC is telling the CBI we want you to be part of a unified GCC currency...we want your currency to be part of a basket...we'll call it 'The Unified GCC Currency'...one currency to represent all of us in the Middle East. What do you think Kazemi? No thank you.
8-5-2021 Newshound Guru Pimpy Article: "Congress Passes Iraq War Authorization Revocation Act" This is good news. As they work toward their [Iraq's] sovereignty. First of all we have to get the hell out of there. Congress made it official. It passes the Iraq War Authorization Revocation Act. In other words they revoked their need to be into war there...looks like congress passed it. What's left the senate? ...it's time for them [Iraq] to kick the training wheels off and let these bad boys learn how to ride that bike. I have faith in Iraq - Have faith in their current administration.
8-5-2021 Intel Guru Bruce [via WiserNow] ...regarding our futures – they’re looking very very bright right now – I can tell you that...The good news is that last night at 8PM President Trump received the paper work to approve and sign and then he added some addendums to it to send back to the World Court - which he did... he had a final signature on this case that allowed for the United States to move forward with the valuation of the currencies and the Global Currency Reset occurring for us here in the United States – that was a milestone – HUGE - very important that was accomplished...So – everything has been moving forward and they’re trying to get this thing completed...I think we’re...finally in that last stretch...Thursday is looking good right now...
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