WOTS MON AUG 16 21 Finance Minister: The Iraqi government has put the economic reality on the right track through the white paper

WOTS MON AUG 16 21 Finance Minister: The Iraqi government has put the economic reality on the right track through the white paper

These are the articles I discussed on the My FX Buddies Podcast

Finance Committee: The dollar exchange rate will not change before five years

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On Sunday, the Parliament’s Finance Committee suggested that the exchange rate would remain at its current position for five years, while indicating that raising the exchange rate aims to achieve three main factors.  

 

Committee member Naji al-Saidi said in a statement to the official agency, followed by "Nass", (August 15, 2021), that "the exchange rate will remain in its position during the next period for the next five years, on the description that the real value of the Iraqi dinar is determined through the exchange of the dollar against the dinar in addition to strength." Purchasing the Iraqi dinar and the net goods and services produced during a certain period.  

He added that "the government is firm in achieving its goal by defining three main goals, the first is financial: which is to reduce the deficit in the public budget, the second goal is a monetary goal by increasing reserves, and the third goal is to increase the competitiveness currently produced within the country towards other goods exported from Neighboring countries, and this is the main goal that the government seeks by filling the budget deficit.”  

He pointed out that "the devaluation of the dinar has increased the competitiveness of the Iraqi price, describing that goods that come from abroad, especially Turkey, Iran, Syria, Saudi Arabia and Jordan, benefit from the strength of the Iraqi dinar against the dollar because the dollar is a global currency, and when the dollar exchange rate is raised, the competitiveness of goods will rise and fall." Because it reduces Iraqi exports from abroad."  

 

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. 

Parliamentary Finance determines how long the dollar exchange rate will remain in its current position

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: Today, Sunday, the Parliamentary Finance Committee determined that the exchange rate will remain at its current status, while indicating that raising the exchange rate aims to achieve three main factors.

Committee member Naji al-Saidi told the Iraqi News Agency, "The exchange rate will remain in place during the next period for the next five years, on the basis that the real value of the Iraqi dinar is determined through the exchange of the dollar against the dinar, in addition to the purchasing power of the Iraqi dinar and the resulting net goods and services during a period of time." specific.”

He added, "The government is firm in achieving its goal by defining three main goals: the first is financial, which is to reduce the deficit in the public budget, the second goal is a monetary goal by increasing reserves, and the third goal is to increase the competitiveness currently produced within the country towards other goods exported from neighboring countries." This is the main goal that the government seeks by filling the budget deficit.”

Al-Saidi pointed out that “decreasing the value of the dinar increased the competitiveness of the Iraqi price, describing that goods that come from abroad, especially Turkey, Iran, Syria, Saudi Arabia and Jordan, benefit from the strength of the Iraqi dinar against the dollar because the dollar currency is a global currency, and when the dollar exchange rate is raised, the competitiveness of goods will increase. And it decreases, because it reduces Iraqi exports from abroad.”

Finance Minister: The Iraqi government has put the economic reality on the right track through the white paper

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The head of the Iraqi-Saudi Coordination Council, Minister of Finance, Dr. Muhammad Abdul Amir Allawi, affirmed that the Iraqi government aimed, through the white paper, to put the economic reality on a path that allows the state to take appropriate steps to develop it into a dynamic and diversified economy that creates real opportunities for a decent life. to citizens.

He added during the (Iraqi-Saudi Joint Business Council) that the council aims to support and strengthen economic relations and increase the volume of business between the Republic of Iraq and the Kingdom of Saudi Arabia. Representatives of the economic business sector, in order to stimulate the volume of commercial, industrial and investment transactions.

The National Coordinator of the Council, Secretary-General of the Council of Ministers, Mr. Hamid Naim Al-Ghazi, explained that the Iraqi government has pursued a policy of opening horizons for cooperation in the Arab and international environments, in all fields, and has placed it among its priorities in its ministerial program, in order to advance the economic, commercial, industrial and agricultural reality. for Iraq.

The agenda of the Council witnessed a democratic practice of electing a president and two deputies to the Business Council, as well as a presentation and discussion of the projects proposed by the members of the Council.

The Baghdad summit is an important step for Iraq's return to its

economic position

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The economic and banking advisor to the Association of Iraqi Private Banks, Samir Al-Nusairi, confirmed that the Baghdad summit is an important step for Iraq's return to its economic position in the region.

Al-Nusairi said, "Iraq's invitation to the leaders of the neighboring Arab and regional countries to attend the meetings of the conference, which is expected to be held in Baghdad in the coming days, is an important step for the country's return to its leading position in the region, and an attempt to open up to building balanced economic relations with brotherly and friendly countries, especially with the countries of the region." 

Geographical.

Al-Nusairi added that "strengthening Iraq's relations, activating foreign banking transactions, and motivating foreign companies to invest in Iraq will lead to strengthening the financing areas for projects for the reconstruction of liberated cities."

He pointed out that what concerns us here is the future of international economic, financial and banking relations in general, and with the countries of the geographical region in particular, in a way that serves to open promising prospects for communication, exchange benefits, encourage investment in Iraq, develop infrastructure and banking technology, increase inter-banking transactions and find new ways to cooperate with sober correspondent banks in those Countries, and this role has been played by the Central Bank within its main tasks to achieve the objectives of monetary policy and monetary stability.

Al-Nusairi expected that the conference would come out with important recommendations and decisions that have a clear impact on achieving stability and building balanced sovereign relations between Iraq and neighboring countries.

Parliamentary Economy rejects the new tax law: it targets the poor 

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On Sunday, August 15, 2021, the Parliamentary Committee on Economy and Investment commented on the statements of Finance .Minister Ali Allawi, in which he demanded the preparation of a new tax law 

Committee member Nada Shaker Jawdat said in a statement received by "The Obelisk" that Mustafa Al-Kazemi's government used to overcome financial and economic crises at the expense of the poor citizen as well as the simple employee. on the lives of citizens, as it was a major reason for raising the .prices of materials in the Iraqi market

Jawdat indicated that we are afraid that the new tax law, which talks about Finance Minister Ali Allawi, will target the poor citizen and the simple .employee, and this matter will not be allowed, and we will not pass any law that has any negative economic consequences on the lives of citizens

She concluded her speech by saying that this law, upon its arrival in Parliament, will be studied well, and amendments will be made to it, in the interest .of the citizen and without causing financial and economic damage to citizens, as happened in the 2021 budget

The Minister of Finance, Ali Abdul Amir Allawi, had earlier clarified the importance of preparing a new tax law, while revealing foreign companies .practicing tax evasion

Allawi said in his intervention during the workshop, which was held at the ministry’s headquarters to discuss the application of the tax law, that a draft of a new tax law commensurate with the Iraqi situation must be prepared, pointing out that the current Iraqi tax law is a copy of the British tax law issued .in 1922 and a new draft law must be prepared It is presented to the Council of Ministers in proportion to the Iraqi society.

Allawi pointed out that the tax collected amounted to 1% of the state's national product during the past year, stressing that this percentage is small

He explained that the property tax rate imposed is 9% of the estimated property price, while the tax on transfer of ownership is progressive, amounting .from 3 to 6% of the property value, and the income tax rate is 15% of the net profit.

He added that there are some foreign companies that practice tax evasion and that the necessary measures will be taken against them

Parliamentary Finance: The Region relies on the Aqiyam System to pay its financial obligations to Baghdad

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Today, Sunday, the Parliament’s Finance Committee confirmed its diagnosis of what it called a weak point in the Kurdistan Region’s account for the value of its financial obligations under the 2021 budget, while at the same time stressing the difficulty of preparing a budget for the next year.

Committee member Mahasin Hamdoun said in a statement to the official agency, "The Kurdistan region did not hand over oil imports and ports to the federal government, but rather adopted the residency system in the payment of benefits, meaning that it calculates its share on the basis of the 2021 budget, and is paid according to the difference between the region's budget and its entitlement, which is spent by Federal Government.”

Hamdoun added, "There is a weak point that the Kurdistan region does not deliver its oil imports and the revenues of the ports, and it did not adhere to the agreement that was approved in the budget, but rather relied on the principle of values."

Regarding the 2022 budget, Hamdoun saw that “it is difficult to approve the budget for the remainder of the parliament’s life,” explaining that “the parliament’s sessions are suspended, and even if the text of the draft budget is sent in the ninth month, it is difficult for parliament to meet to approve it within one month because of the proximity of elections.”

The region receives 200 billion dinars as part of its share according to the budget law

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The Kurdistan Regional Government revealed, on Saturday, August 14, 2021, the issuance of a decision by the federal government to .send 200 billion dinars to the region, as part of its share under the 2021 budget

The representative of the Kurdistan government in Baghdad, Faris Issa, said, "The federal government decided to send 200 billion dinars to the Kurdistan government this month, as a government letter was issued to the Federal Ministry of Finance for the purpose of disbursing the amount and transferring ".it to the region ".

 

another version has one more sentence

Today, Saturday, the Kurdistan Regional Government revealed the issuance of a decision by the federal government to send 200 billion dinars to the region, as part of its share under the 2021 budget.

The representative of the Kurdistan government in Baghdad, Faris Issa, said in a statement to the official agency, followed by the “National News Center,” that “the federal government decided to send 200 billion dinars to the Kurdistan government this month, as a government letter was issued to the Federal Ministry of Finance for the purpose of disbursing the amount and transferring it to the region.” 

He added, "The Kurdistan Representation in Baghdad also received the book."

There are many reasons why people do not invest their money in stock trading

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The securities sector represents an important pillar of the economic process in Iraq, but there are a number of reasons why citizens are reluctant or reluctant to enter the world of securities and trade in it, perhaps the most prominent of which is the share price, which is denominated in Iraqi dinars, as stated in Article “13” of the regulatory instructions for securities trading. Finance in the Iraqi market No. “74” for the year 2004, “The price of buying and selling orders is raised or lowered.” 50 fils or its multiples. 

The consultant specializing in securities affairs, Mahmoud Munther, believes that “the supply of shares is much greater than what is required, due to the increase in banks’ capital to 250 billion dinars, reflecting the negative impact on stock prices,” stressing that “subscribing to the shares of companies whose shares are offered for trading is considered The best investment because it is a guaranteed profit and with minimal risks.

Munther suggested the reason for the decline in the demand or reluctance of citizens to enter the stock market to “the spread of the idea that buying fixed assets is much better than investing in buying and selling shares in the stock market, and this thinking came as a result of the weak culture of trading in bonds and shares of companies in the Iraqi Stock Exchange, and the public Fast transactions are preferred when cashing in.

He pointed out that "the low share price and the modest profits distributed by companies to shareholders, is one of the main reasons facing the increase in the volume of trading locally, while the number of foreign investors "remotely" is in a stable and slow rise, which requires - according to observers - a review of stock prices. offered for negotiation.

In turn, the specialist in economic affairs, Adnan Al-Fattal, confirmed that there are “companies whose shares are traded on the stock exchange, but the average price of their shares is still less than one dinar, while there are companies whose share prices are four dinars.”

He confirmed to "Al-Sabah" that "this price is very low, and it does not encourage the public, who is looking for profits and gains, from trading, especially when distributing profits." A good profit rate, but they are surprised by the small amount achieved from trading due to the low price of shares, when companies distribute annual profits.

 And he called for «reconsidering stock prices, because this will attract a large number of traders, which would enhance the work of the stock exchange, to reach the level of 

ambition.” 

The Central Bank had discussed with the Securities Commission and the Iraq Stock Exchange, the mechanism of increasing the return on bank shares, and improving the circulation of those shares, at a time when two specialists stressed the importance of adjusting stock prices to attract more investors to support the Iraq Stock Exchange.

A statement by the bank, which Al-Sabah received a copy of, confirmed that this comes “within the efforts of the Central Bank of Iraq to maintain the stability of the economic process,” adding, “The mechanism for increasing the return on bank shares, improving the circulation of those shares, as well as increasing transparency were discussed.” Banks to disclose performance and a set of other recommendations.

Government approval to sell one hundred dollars for 120 thousand dinars to a specific category.. Prices will drop 20%

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Today, Monday, the Pharmacists Syndicate revealed that Prime Minister Mustafa Al-Kazemi approved a proposal to reduce drug prices, by excluding the import of medicines from the current price of the dollar and discharging them according to 1200 dinars to the dollar.

The head of the Pharmacists Syndicate, Mustafa Al-Hiti, said that “the pricing of medicines is carried out by the Ministry of Health according to the law, as there is a committee consisting of 5 members, two of whom are nominated by the Minister of Health, one from the General Company for Pharmaceuticals, the fourth from Samarra Pharmaceuticals, and the fifth from the Pharmacists Syndicate,” noting that “the pricing of Medicines are not within the competence of the Syndicate.”

He added, "The union started a project to reduce drug prices, as there is a new idea that we presented to the cabinet, which is that the difference in the current exchange rate of the dollar is 1470 in the private sector, while in the state it is 1200, where if we adhere to and price medicines at 1200, we will secure a very large price difference of About 20% between the drug smuggled across the border and the drug coming from the Ministry of Health,” noting that “this difference will secure the next drug in which a credit will be opened for 1,200 dinars, as this drug will be safe, effective, and at an acceptable price.”

He continued, "This proposal was presented to Prime Minister Mustafa Al-Kazemi, who approved it, and it was sent, and we are still waiting for an answer."

Regarding the procedures for the pharmacist not to be present in his pharmacy, Al-Hiti confirmed that “the percentage of the pharmacist’s presence in pharmacies is good, as this ratio reached between 95 to 99%,” explaining that “any pharmacy without a pharmacist is closed immediately and if the penalty is repeated, the penalty will reach the extent of canceling the license.”

Regarding the destruction of medicines, Al-Hiti stated that “it is not possible to destroy medicines and throw them with waste. If you throw it in the trash.

Regarding the fake pharmacies, he stressed that “our problem is in the fake shops selling medicines that are spread in the outskirts of the cities,” noting that “we have no authority with these stores, but our procedures are to report organized crime.”

He continued, "The phenomenon of selling medicines on the streets is not within our competence, but rather within the authority of the Ministry of Health and Organized Crime."

Urgent In conjunction with Al-Kazemi's visit to Nineveh... Turkish bombing of Sinjar district

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Today, Monday, a security source reported that the Sinjar district was subjected to Turkish bombardment, coinciding with the visit of Prime Minister Mustafa Al-Kazemi to Sinjar.

The source said, "Turkish bombing targeted a civilian car in the old market in Sinjar district, west of Nineveh."

He pointed out, "Three Iraqi Yazidis were martyred and two others were wounded."

Parliamentary Committee: There is an Iraqi will to implement the Chinese agreement, but it is hampered by American restrictions

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Deputy Chairman of the Parliamentary Program Implementation and Strategic Planning Committee, Muhammad Al-Baldawi, confirmed, on Sunday, that there is an Iraqi will to implement the Chinese agreement and the completion of the Al-Faw port and the dry canal, but it is constrained by American restrictions and pressures .

Al-Baldawi said that "the implementation of the Iraqi-Chinese agreement will transfer Iraq to the ranks of countries with great economic power, especially if the port of Al-Faw and the dry canal is completed, which will be the beginning of the Silk Road that will link Asia with Europe ."

He added that "the implementation of the agreement faces a challenge and American pressure despite the presence of the Iraqi will to implement it, but the executive will is constrained by those pressures," noting that "the United States of America felt danger when this agreement was concluded, as it rushed to arrange the visit of the Iraqi delegation to Washington ."

Al-Baldawi pointed out that "in the event of the completion of the port and dry canal project and the implementation of all Chinese agreements, the oil resources of the treasury will be secondary."

Below here is the daily "WOTS report Word on the Street":

The exchange rates of the dollar in the local markets for Monday, August 16, 2021, according to the monitoring of specialists.     

Baghdad - Stock Exchange of struggle  

147,950  

In most Baghdad exchanges  

Buy 147,500  

Sell 148,500  

 

Baghdad - Stock Exchange of struggle    

147,925    

-------------  

The price is in most Baghdad exchanges    

Purchase    

147,500    

Sale    

148,250    

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Erbil - Bursa    

148,050    

-------------  

Basra - Bursa    

148,100    

-------------  

Mosul - Bursa    

148,100    

The Markets:

Our futures are currently trading down DOW at 35269  by .43% SNP at 4446.25 by .38% NDX at 15074 down  by .34%

Precious Metals:

 

Brent 72 WTI  74   Bitcoin: 47,174 10 yr yield: 1.28

Favorite Currencies Forex Quotes

Favorite Currencies Major Currency Pairs Major Crossrates USD / Major Currencies Euro / Major Currencies --- Australian Dollar / Majors Canadian Dollar / Majors Swiss Franc / Majors British Pound / Majors Japanese Yen / Majors New Zealand Dollar / Majors South African Rand / Majors Metals --- Favorite Currencies Manage Favorites

Symbol	Bid	Ask	High	Low	Open	Change	Time
USD/IQD	1429.3000	1480.2000	1458.4000	1455.1000	1455.1000	1.6000	06:06
USD/VND	22830.0000	22840.0000	22812.2900	22802.3100	22802.3100	11.7400	03:15
USD/CNY	6.4743	6.4763	6.4791	6.4728	6.4764	-0.0024	05:30
USD/KWD	0.3002	0.3012	0.3008	0.3004	0.3008	-0.0004	05:28
GBP/USD	1.3859	1.3860	1.3872	1.3839	1.3853	-0.0004	05:34
USD/IRR	42000.0000	42210.0000	42097.5000	42097.5000	42097.5000	0.0000	00:00
USD/IDR	14368.0000	14368.0000	14387.0000	14354.0000	14365.0000	5.0000	05:32

Things in the News:

Are we nearing another monetary reset?   by Willem Middelkoop  12 August 2021

Summers Says ‘Bizarre’ for U.S. to Borrow So Much in Short-Term
ROARING 20S: Wall St Most Bullish on Stocks in Two Decades...
Crypto Market Retakes $2 Trillion Market Cap Amid Bitcoin Gains...
How GOLDMAN SACHS exploits 'woke values' for profit and power...

Dow futures fall 130 points to start the week as China’s economic growth slows

Iraqi Articles:

There are many reasons why people do not invest their money in stock trading

link

The securities sector represents an important pillar of the economic process in Iraq, but there are a number of reasons why citizens are reluctant or reluctant to enter the world of securities and trade in it, perhaps the most prominent of which is the share price, which is denominated in Iraqi dinars, as stated in Article “13” of the regulatory instructions for securities trading. Finance in the Iraqi market No. “74” for the year 2004, “The price of buying and selling orders is raised or lowered.” 50 fils or its multiples. 

The consultant specializing in securities affairs, Mahmoud Munther, believes that “the supply of shares is much greater than what is required, due to the increase in banks’ capital to 250 billion dinars, reflecting the negative impact on stock prices,” stressing that “subscribing to the shares of companies whose shares are offered for trading is considered The best investment because it is a guaranteed profit and with minimal risks.

Munther suggested the reason for the decline in the demand or reluctance of citizens to enter the stock market to “the spread of the idea that buying fixed assets is much better than investing in buying and selling shares in the stock market, and this thinking came as a result of the weak culture of trading in bonds and shares of companies in the Iraqi Stock Exchange, and the public Fast transactions are preferred when cashing in.

He pointed out that "the low share price and the modest profits distributed by companies to shareholders, is one of the main reasons facing the increase in the volume of trading locally, while the number of foreign investors "remotely" is in a stable and slow rise, which requires - according to observers - a review of stock prices. offered for negotiation.

In turn, the specialist in economic affairs, Adnan Al-Fattal, confirmed that there are “companies whose shares are traded on the stock exchange, but the average price of their shares is still less than one dinar, while there are companies whose share prices are four dinars.”

He confirmed to "Al-Sabah" that "this price is very low, and it does not encourage the public, who is looking for profits and gains, from trading, especially when distributing profits." A good profit rate, but they are surprised by the small amount achieved from trading due to the low price of shares, when companies distribute annual profits.

 And he called for «reconsidering stock prices, because this will attract a large number of traders, which would enhance the work of the stock exchange, to reach the level of 

ambition.” 

The Central Bank had discussed with the Securities Commission and the Iraq Stock Exchange, the mechanism of increasing the return on bank shares, and improving the circulation of those shares, at a time when two specialists stressed the importance of adjusting stock prices to attract more investors to support the Iraq Stock Exchange.

A statement by the bank, which Al-Sabah received a copy of, confirmed that this comes “within the efforts of the Central Bank of Iraq to maintain the stability of the economic process,” adding, “The mechanism for increasing the return on bank shares, improving the circulation of those shares, as well as increasing transparency were discussed.” Banks to disclose performance and a set of other recommendations.

Government approval to sell one hundred dollars for 120 thousand dinars to a specific category.. Prices will drop 20%

link

Today, Monday, the Pharmacists Syndicate revealed that Prime Minister Mustafa Al-Kazemi approved a proposal to reduce drug prices, by excluding the import of medicines from the current price of the dollar and discharging them according to 1200 dinars to the dollar.

The head of the Pharmacists Syndicate, Mustafa Al-Hiti, said that “the pricing of medicines is carried out by the Ministry of Health according to the law, as there is a committee consisting of 5 members, two of whom are nominated by the Minister of Health, one from the General Company for Pharmaceuticals, the fourth from Samarra Pharmaceuticals, and the fifth from the Pharmacists Syndicate,” noting that “the pricing of Medicines are not within the competence of the Syndicate.”

He added, "The union started a project to reduce drug prices, as there is a new idea that we presented to the cabinet, which is that the difference in the current exchange rate of the dollar is 1470 in the private sector, while in the state it is 1200, where if we adhere to and price medicines at 1200, we will secure a very large price difference of About 20% between the drug smuggled across the border and the drug coming from the Ministry of Health,” noting that “this difference will secure the next drug in which a credit will be opened for 1,200 dinars, as this drug will be safe, effective, and at an acceptable price.”

He continued, "This proposal was presented to Prime Minister Mustafa Al-Kazemi, who approved it, and it was sent, and we are still waiting for an answer."

Regarding the procedures for the pharmacist not to be present in his pharmacy, Al-Hiti confirmed that “the percentage of the pharmacist’s presence in pharmacies is good, as this ratio reached between 95 to 99%,” explaining that “any pharmacy without a pharmacist is closed immediately and if the penalty is repeated, the penalty will reach the extent of canceling the license.”

Regarding the destruction of medicines, Al-Hiti stated that “it is not possible to destroy medicines and throw them with waste. If you throw it in the trash.

Regarding the fake pharmacies, he stressed that “our problem is in the fake shops selling medicines that are spread in the outskirts of the cities,” noting that “we have no authority with these stores, but our procedures are to report organized crime.”

He continued, "The phenomenon of selling medicines on the streets is not within our competence, but rather within the authority of the Ministry of Health and Organized Crime."

The Baghdad summit is an important step for Iraq's return to its

economic position

link

 

The economic and banking advisor to the Association of Iraqi Private Banks, Samir Al-Nusairi, confirmed that the Baghdad summit is an important step for Iraq's return to its economic position in the region.

Al-Nusairi said, "Iraq's invitation to the leaders of the neighboring Arab and regional countries to attend the meetings of the conference, which is expected to be held in Baghdad in the coming days, is an important step for the country's return to its leading position in the region, and an attempt to open up to building balanced economic relations with brotherly and friendly countries, especially with the countries of the region." 

Geographical.

Al-Nusairi added that "strengthening Iraq's relations, activating foreign banking transactions, and motivating foreign companies to invest in Iraq will lead to strengthening the financing areas for projects for the reconstruction of liberated cities."

He pointed out that what concerns us here is the future of international economic, financial and banking relations in general, and with the countries of the geographical region in particular, in a way that serves to open promising prospects for communication, exchange benefits, encourage investment in Iraq, develop infrastructure and banking technology, increase inter-banking transactions and find new ways to cooperate with sober correspondent banks in those Countries, and this role has been played by the Central Bank within its main tasks to achieve the objectives of monetary policy and monetary stability.

Al-Nusairi expected that the conference would come out with important recommendations and decisions that have a clear impact on achieving stability and building balanced sovereign relations between Iraq and neighboring countries.

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.   

http://www.cbi.iq/

Click on the link above for the latest update.

The CBI for rate is 1460

The currency auction For August 16th, 2021 total sales amount $215,620,472. 

including   $67,860,000. CASH 

The Central Bank of Iraq’s foreign currency sales schedule, Tuesday 08/17/2021, implemented today

ISX Update:   

www.isx-iq.net/

Shares Traded: not updated for today

Value Traded: not updated for today 

https://www.dinarguru.com

8-16-2021   Newshound/Intel Guru RVAlready   Frank [Guru Frank26] is saying that Biden is looking forward to our dinars hitting the UST as reserve currency. Since it is mainly asset backed, it will be a great currency for the UST to hold. Can you say RV soon?!!!  [reference Guru Frank26 post 8-15-21]

8-15-2021   Intel Guru Frank26  This is massive.  This [Iraqi TV info] is the massive campaign of education for you Iraqi citizens on your reforms.  You can not have the economic reforms without the monetary reform established and calculated.  That's what's called the RV - revaluation.  It is well done and calculated.  You are now in the phase of the RI which will take you into the international market which will add more value to your currency on an international scale as they keep the IQD on par with the American dollar internally.  This is called the reinstatement of your currency...When you see other gurus tell you, 'The RV is about to come out...' RUN!!  If they truly don't know this is not a revaluation, run away from them!

8-15-2021   Intel Guru MarkZ   [via PDK]  ...news out of Iraq is really fantastic over the weekend. There is more “on air” education push on lower denominations and exchange rates showing on TV for the Iraqi people. They are talking about lower denominations for everybody…a full blown roll out this week… I am being told they are shooting for it to happen mid to late next week.  This is exceptionally exciting news coming from Iraq. There is an over whelming amount of people from the sandbox giving me this news.

8-15-2021   Intel Guru Frank26   Article:  "Tinder for supplying the Central Bank with paper money packages"   The more we read this and saw these are the three zero notes they're collecting.  When they raise the value they know the rest of the three zeros from the citizens are gonna come in.  They know [with] your three zeros you're going to run to a bank and exchange them.  But they really won't go to the Central Bank [of Iraq]...So we go to Chase Manhattan, Chase Manhattan will...send it to the U.S. Treasury...The crazy thing is Biden IMO is counting on the Iraqi dinar because he can control what's in the treasury...It's really going to blow up our treasury.  

8-15-2021   Newshound/Intel Guru Mnt Goat ...I am warning you ahead of time...there is no new rate for an RV in any budget in the past nor will there be in the future.
 
8-15-2021   Intel Guru MarkZ   [via PDK]    I am trying to get absolute verification but I have 2 different sources in the last 24 hours with historic funds that claim they have full funding….I have 2 different bond groups that claim “full funding” in the last 24 hours. I am trying to get some kind of visual proof this is true…  [So bonds being paid is good for us?]  its exceptional….  We always knew that Historic bonds would go right before us... and I have been told to watch the bonds market because they would go before the reset...

Catnip's Corner:

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ARTICLE 1 (from PM Kadhimi's website)

At the time this report was submitted, there are no new articles posted on PM Kadhimi's website.

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

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

Tomorrow.. Al-Kazemi in Nineveh

07:51 - 15/08/2021

Baghdad - Mawazine News

Tomorrow, Monday, Prime Minister Mustafa Al-Kazemi is scheduled to visit Nineveh Governorate.

An informed source said in an interview with / Mawazine News / that "Al-Kazemi will bring a government delegation with him, and he will inspect and open a number of projects."

He added, "The Prime Minister will also discuss the most important needs of the province."

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

ARTICLE 4

The Presidency of the House of Representatives stresses the need to prepare a comprehensive review of all laws

03:30 - 15/08/2021

Baghdad - Mawazine News

Hassan Karim Al-Kaabi, First Deputy Speaker of the House of Representatives, stressed, on Sunday, the importance of conducting a comprehensive review of all previously established laws in line with the democratic transformation and the current situation in the country, while calling for highlighting the obstacles facing the Iraqi legislator to overcome them and come up with solid and applicable laws that serve Citizen and the democratic system in Iraq.

This came during his sponsorship today, Sunday, August 15, 2021, of a dialogue seminar held by the Parliamentary Development Institute in cooperation with the Parliamentary Legislation Department entitled (The Impact of the Cooperation of the Authorities on the Quality of Legislation), and in the presence of representatives from the Presidency of the Republic, the Supreme Judicial Council and the State Council, and a number of judges, university professors and specialists in legal affairs. and civil society organisations.

Al-Kaabi called for the necessity of providing all the necessary capabilities to support the institutions, agencies and departments related to legislative affairs, especially the Legislation Department in the House of Representatives, and to focus and benefit from holding workshops and seminars held by the Parliamentary Development Institute and the centers, institutions and bodies concerned with the maturation of legislation, considering the convening of this symposium today as a breakthrough. It is important for the beginning of a broad integrative coordination from the representatives of the presidencies to diagnose the obstacles and come up with more accurate legislation with solid standards.

The meeting took a number of recommendations, the most important of which is the formation of a joint and permanent working committee of the relevant official institutions to submit their reports to the Presidency of the House of Representatives, after holding regular meetings to discuss proposals and important laws to mature them, and to involve representatives of the Bar Association, civil society organizations, academics and relevant authorities to advance the reality of legislation in the country.

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ARTICLE 5

Chinese researchers design a patch that “cures baldness” in less than a month

Sun 15 August 2021 | 02:20 PM

As part of studies related to the treatment of Androgenetic Alopecia (AGA), Chinese researchers have proposed using a dissolvable patch with microneedles that transfers nanoparticles of cerium oxide deep into the skin.

In the details of the studies conducted, the researchers explained to the journal “ACS Nano” that androgenetic alopecia is highly prevalent in the current society, but it lacks effective treatments.

They said, "Hair follicle irregularity caused by excessive reactive oxygen species (ROS) and inadequate blood vessels in the perifollicular microenvironment is the main cause of androgenetic alopecia. Oxidative stress and enhanced angiogenesis simultaneously remodel the surrounding follicular microenvironment to treat this alopecia.”

"On the basis of the excellent mechanical strength of Ce-MNs, CeNZs coated with catalase and superoxide-mimicking activities can be efficiently delivered into the skin to remove excessive ROS," they added in their report.

They pointed out that, “Moreover, the mechanical stimulation induced by the administration of MNs can remodel the microvasculature in the balding area, compared to minoxidil, a widely used clinical drug for the treatment of androgenetic alopecia. The AGA mouse model has a lower frequency without inducing significant cutaneous damage, and thus, a secure, follicle-forming microenvironmental MNs patch shows great potential for the treatment of androgenetic alopecia.”

According to the researchers, it took 28 days for mice to fully grow hair, and the results began to appear in the second week, when the follicles returned to growth.

While scientists will test their successful experiment on humans, but at higher doses than those tested on mice.

It should be noted that baldness is called in the medical world as “androgenetic alopecia”, which thins the hair in the head area and is a typical problem for both men and women, but it is more common in men.

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