Tuesday, August 3, 2021

WOTS MON AUG 2 21Al-Kazemi to the heads of the parties: Iraq will return its relationship with America to its formula before 2014

 WOTS MON AUG 2 21Al-Kazemi to the heads of the parties: Iraq will return its relationship with America to its formula before 2014 

These are the articles I discussed on today's My  FX Buddies Podcast

Barham Salih meets Al-Kazemi .. What happened between them?

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The President of the Republic, Barham Salih, received, on Saturday, Prime Minister Mustafa Al-Kazemi at the Peace Palace in Baghdad.

A statement by the Presidency of the Republic, a copy of which was received by Mawazine News, stated that during the meeting, the overall political, security, health and economic conditions in the country were discussed, and Al-Kazemi briefed President Saleh on the results of his official visit to the United States and the outcomes of the strategic dialogue.

The statement added that Saleh praised the results of the strategic dialogue with the United States and the distinguished efforts of Mr. Al-Kazemi and the government negotiating delegation in this regard, noting the importance of uniting national forces in order to achieve stability and enhance Iraqi sovereignty and the higher interests of the country.

The importance of protecting the security and stability of citizens, pursuing ISIS remnants that seek to destabilize some cities, blocking its criminal attempts to target the security of citizens, and providing all support to the security forces in carrying out their important tasks was also stressed.
During the meeting, it was emphasized the importance of the upcoming elections and their holding them on their scheduled date next October, while providing all the requirements for conducting them that guarantee standards of integrity and justice in their various stages, and in a manner that achieves the true will of the voters in choosing their representatives away from fraud and manipulation, and achieves wide participation in it. 



Securities: We adopt a “custodian” to promote foreign investments

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The Chairman of the Securities Commission, Faisal Al-Haymes, confirmed the Commission's focus on the custodian system, which raises the levels of transparency and enhances foreign investments in the Iraqi stock market, pointing out that "foreign investments cannot be promoted through intermediaries and away from this internationally approved advanced system."
 
He said, "Expanding the scope of investment in securities represents a lofty goal for the authority, which made work in more than one direction in order to activate the reality of trading, as the last period witnessed the return of several companies suspended to trading, and we are working to return other companies, after we put in place mechanisms that guarantee the rights of Investors and the market activity has actually been enhanced.”
 
right decision
He pointed out that «investors in the stock market, should see the data of the joint-stock company, to then take the appropriate decision to invest or not, in order to have a clear picture of the nature and mechanisms of work and future plans, and the percentages of profits achieved, as we strive to be safe and reassuring trading. to the investor.
 
Trading period
And he indicated that “the trading hours were extended to four o’clock after it ended at 12 noon, as the trading period was extended two days a week, and after an increase in trading spread, a decision was made to invest from Sunday to Thursday in a move that allows the largest number of people to trade. of investors in the stock market.
He said: "The Authority called on the Arab Securities Commission to hold the next meeting in Baghdad, and the invitation was accepted by the Federation of the Arab Securities Commission, to be organized during the year 2023."
 
Illegal investment
He pointed out that “local sums of money are invested illegally by companies called (forex) and a committee was formed under our chairmanship after discussing the issue with the General Secretariat of the Council of Ministers, with the membership of the Central Bank, the security authorities and a number of companies, to follow up on this matter, which puts large capitals at risk due to illegality. This trend, and far from guarantees provided to the investor that his money is directed to invest legally».
He revealed the authority's tendency to establish cooperation with the World Financial Syndicate in the field of training and transfer of expertise to international brokers in the financial markets, to obtain new skills that enhance the relationship with the community and convey the image of trading and its objectives and the benefit achieved from that.
 
serious movement
To that, the economic affairs specialist, Mustafa Muhammad Ibrahim, stated that “the reality of trading in the stock market represents the extent of the activity of the national economy, and despite the challenges that Iraq and the world have witnessed in recent years and the decline that all international economies have indicated, we find in Iraq that there is a serious movement to activate the reality Trading by increasing the trading hours, which allowed new categories to enter the trading movement.” He pointed out that “the Iraqi Stock Exchange can be described as promising because there is a large volume of work, and a serious desire to move the joints of the national economy.”


The US ambassador in Baghdad: Washington does not want any escalation with Iran on Iraqi soil

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The US ambassador in Baghdad: Washington does not want any escalation with Iran on Iraqi soil

 

The National Security Adviser, Qassem Al-Araji, discussed, on Saturday, with the US ambassador in Baghdad, Matthew Tueller, and the commander of the international coalition charged with following up on ending the presence of any combat force in Iraq, General Calvert, the outcomes of the strategic dialogue between Iraq and the United States.  

  

A statement by the Media Office of the National Security Adviser, a copy of which was received by "Nass", (July 31, 2021), stated that "during the meeting, they talked about the outcomes of the Prime Minister's visit and the technical delegation to Washington, as well as discussing the political and security situation and the security of the upcoming elections."  

Al-Araji stressed that "the visit of the Prime Minister and the technical delegation to Washington was successful by the standards of the state and national sovereignty, and it achieved important outcomes that benefit Iraq and its people with more security and stability." 
 

For his part, the US ambassador indicated that "General Calvert was informed of the follow-up to the outputs of the technical agreement to end the presence of any combat force by 12/31/2021, as well as continuing to provide assistance and support to Iraq in fighting ISIS at the present time." 
 

And General Calvert confirmed "the readiness to provide support, as needed, to joint operations after the hiatus."  

The US ambassador stressed that "his country welcomes any diplomatic effort that leads to restoring the normal relationship with Iran, pointing to Washington's unwillingness to escalate with Iran, especially in Iraq." 



Parliamentary Finance: Holding the elections on time will delay the arrival and passage of the 2022 budget

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A member of the Parliamentary Finance Committee, Sherwan Mirza, revealed on Monday the date of sending the draft law on the general federal budget for the country for the year 2022, by the government to the House of Representatives .

Mirza said, "The budget bill every year is prepared in the month of June, and then the Ministry of Finance and Planning decides to prepare the initial draft of the bill and submit it to the parliament in the month of October ."

He added that "presenting the draft law to Parliament next October is subject to holding early parliamentary elections in the same month, or not," noting that "conducting elections will certainly delay the arrival and passage of the bill ."

And he indicated that "the country's economic situation is still unstable as a result of the instability of international oil prices, as well as the development and diversification of the Iraqi economy," explaining that "the dollar exchange rate will be subject to discussions, but who decides to stay or change it is the Ministry of Finance and the Central Bank."



Establishment of a state-of-the-art bank in the Kurdistan Region

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Through the opening of the bank, the regional government seeks to restore the confidence of citizens and investors in banks in the Kurdistan Region

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Erbil (Kurdistan 24) - Efforts continue, in the Kurdistan Region, to establish an advanced government bank called "Al-Watan", which is directly linked to the Central Bank of Iraq. After obtaining the fundamental approvals, the bank will work according to an advanced electronic system, and one of the priorities of its work is to convert the financial system in the Kurdistan Region to the electronic method.

To deal with remittances and exchange accounts, in addition to another characteristic of the bank, which is that the advances and loans that are paid, by the Central Bank of Iraq, the government-owned Al-Watan Bank in the region is covered by these advances and loans.

For his part, the director of commercial banks in Erbil, Mouloud Saber, told Kurdistan 24: The purpose of opening the bank is to develop the banking sector in the region, so that citizens depend, in their banking dealings, on the advanced system in the bank, in addition to transferring the salaries of employees in the region. to the electronic payment system.

Saber added: The total capital of the bank will reach 250 billion Iraqi dinars, and that the bank, as an important branch of the Central Bank of Iraq, will provide important facilities to citizens, because the branch currently in the Central Bank of Iraq in the region is specialized only in banking affairs, related to Baghdad exclusively. ,

But when the government (Al-Watan) Bank is opened, all of Kurdistan’s 90 banks will be affiliated with Al-Watan Bank, and it can pay real estate and agricultural and industrial loans to citizens and employees, in addition to providing dollars to the currency market in the Kurdistan Region.

Through the opening of this bank, the regional government seeks to restore the confidence of citizens and investors in the banks in the Kurdistan Region.


The text of the final statement of the meeting of the presidencies and heads of national forces and parties at the invitation of Al--Kazemi Urgent

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A number of heads of Iraqi national forces and parties held a meeting today, Sunday, at the Government Palace in Baghdad at the invitation of the Prime Minister, Mustafa Al-Kazemi, and in the presence of the President of the Republic, Barham Salih, and Parliament Speaker Muhammad Al-Halbousi.

According to the government statement, {Al-Furat News} received a copy of it, that Al-Kazemi reviewed, during the meeting, the results of the strategic dialogue with the United States during his recent visit to Washington, and what was included in the joint final statement of the strategic dialogue.

Al-Kazemi said, “The results of the strategic dialogue rounds with the United States concluded that there were no combat forces in Iraq at the end of this year, and that the relationship between the two sides would turn into a relationship of training, security cooperation, and intelligence only,
” adding that “in this sense, it is in (December 31, 2021) Iraq will return its relationship with the United States to before the official request for the arrival of these forces in 2014, and return to the normal formula of the relationship that was voted by the Iraqi Council of Representatives and approved in the name of (the Strategic Framework Agreement).

The participants affirmed, according to the statement, support for the results of the dialogue and the points contained in the joint statement, with regard to the security relationship between the two sides, and the transition of the relationship to advice, training, and intelligence cooperation, and the absence of combat forces by the end of this year. And with the requirements of national sovereignty, national security, and the fight against terrorism.
The attendees also welcomed the dedication of cooperation at the (political, economic, cultural, health, and educational) levels, among others, between the Republic of Iraq and the United States of America, in a manner that guarantees strong and fruitful relations between the two friendly countries, and in a manner that serves the interests of Iraq.

On the basis of this, the attendees praised the efforts of the government and the Iraqi negotiating delegation at all levels in achieving this agreement, stressing their keenness to adhere to its outputs, and to ensure its implementation according to the contexts and timelines contained in it.

In another context, the attendees discussed the current preparations for the elections and affirmed their commitment to the timelines set for the electoral process on October 10, 2021, and their commitment to the standards and controls that were approved for the success of the electoral process.

The attendees called on the government to "provide all requirements of electoral security, and all support to the Independent High Electoral Commission, to ensure the success of the electoral process and ensure its integrity."
In this regard, the conferees called on the political forces that announced during the past period not to participate in the electoral process for any reason to "return from this decision and start an open dialogue to fortify the electoral process and fortify democracy in the country."

At the conclusion of the statement, the participants affirmed that "the participation of all political parties in the electoral process represents a sound national choice and achieves the desired goals to serve our people and achieve their legitimate aspirations."

Parliamentary Finance: Baghdad will send 200 billion dinars from the salaries of Kurdistan Region employees

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The Parliamentary Finance Committee revealed, on Sunday, that the federal government will send 200 billion dinars a new payment to the Kurdistan Region to pay the salaries of employees.

Committee member Shirwan Mirza told Shafak News Agency, “According to the agreement between the joint committees between the governments of the center and the region, the federal government in Baghdad will send 200 billion dinars to the Kurdistan Region during the coming period.”

It is noteworthy that a source in the Kurdistan Regional Government, announced last July 11, that the federal government had deposited 200 billion dinars in the account of the Bank of the Regional Government.

At the end of last June, an official source in the Kurdistan Regional Government announced that Prime Minister Mustafa Al-Kazemi signed an official letter to disburse 200 billion dinars as an advance earmarked to pay the salaries of employees working in the public sector in the region.


Deputy: Returning the dollar exchange rate to its previous price is a popular demand

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Independent MP Mansour Al-Baiji stressed, on Monday, that restoring the exchange rate of the dollar against the dinar to its previous price is a popular demand by all the people, and we will work to return it to its previous price during the next stage and as soon as possible.

Al-Baiji said, in a statement received by Mawazine News, a copy of it, that raising the dollar exchange harmed a large segment of the Iraqi people, and this matter could not continue, given that those affected by it are a large segment and this matter cannot continue, indicating that he will work to put pressure on the parties. The competent authority accompanied the decision in order to return it to its previous price.

Al-Baiji said that the decision to return the dollar exchange rate to its previous rate is inevitable and cannot be tolerated or accepted to continue with this rise because it burned the local markets in the country and that a large segment of the people affected by it must be reversed and returned to its previous price as soon as possible, adding that this One of our priorities during the next stage, and we will not allow this matter to continue for a long time in the service of our people who have been affected by this rise.

He concluded that the need has ended if it was a pretext taken by the competent authorities to raise the exchange rate after the world oil prices recovered, so the exchange rate of the dollar against the dinar must be reduced and fairness to our people who have suffered a lot in this rise and they are powerless and therefore we do not allow or accept this matter to continue It will be a long time and it will be a priority for all national representatives to do justice to their people, even if it is late.


Al-Kazemi to the heads of the parties: Iraq will return its relationship with America to its formula before 2014 

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A number of heads of Iraqi national forces and parties held, on Sunday, August 1, 2021, a meeting at the Government Palace in Baghdad at the invitation of Prime Minister Mustafa Al-Kazemi, in the .presence of the President of the Republic, Barham Salih, and Parliament Speaker Muhammad Al-Halbousi

:The obelisk publishes the text of the statement :

statment .......

A number of heads of Iraqi national forces and parties held a meeting at the Government Palace in Baghdad at the invitation of the Prime Minister, Mustafa Al-Kazemi, and in the presence of the President of the Republic, Dr. .Barham Salih, and the Speaker of Parliament, Mr. Muhammad Al-Halbousi

During the meeting, Mr. Al-Kazemi reviewed the results of the strategic dialogue with the United States during his .recent visit to Washington, and what was included in the joint final statement of the strategic dialogue

Prime Minister Mustafa Al-Kazemi said: The results of the strategic dialogue rounds with the United States concluded that there were no combat forces in Iraq at the end of this year, and that the relationship between the two sides would turn into a relationship of training, security cooperation, and intelligence only; In this sense, on (December 31, 2021), Iraq will return to its relationship with the United States before the official request for the arrival of these forces in 2014, and to return to the normal formula of the relationship that was voted by the Iraqi .)Council of Representatives and approved in the name of (the Strategic Framework Agreement

The participants affirmed support for the results of the dialogue and the points contained in the joint statement, with regard to the security relationship between the two sides, and the transition of the relationship to advice, training, and intelligence cooperation, and the absence of combat forces by the end of this year. national security, .and the fight against terrorism

The attendees welcomed the dedication of cooperation at the (political, economic, cultural, health, educational) and other levels between the Republic of Iraq and the United States of America, in a way that guarantees strong .and fruitful relations between the two friendly countries, and in a manner that serves the interests of Iraq

On the basis of this, the participants commended the efforts of the government and the Iraqi negotiating delegation at all levels in achieving this agreement, stressing their keenness to adhere to its outputs, and to .ensure its implementation according to the contexts and timelines contained in it

In another context, the attendees discussed the current preparations for the elections and affirmed their commitment to the timelines set for the electoral process on October 10, 2021, and their commitment to the .standards and controls that were approved for the success of the electoral process

The attendees called on the government to provide all requirements of electoral security, and all support to the .Independent High Electoral Commission; To ensure the success of the electoral process and to ensure its integrity

In this regard, the conferees called on the political forces that announced during the past period not to participate in the electoral process for any reason, to return from this decision, and to start a frank dialogue; To fortify the .electoral process, and fortify democracy in the country

The attendees emphasized that the participation of all political parties in the electoral process represents a sound .national choice and achieves the desired goals to serve our people and achieve their legitimate aspirations

Media Office of the Prime Minister

August 2021 1


Planning reveals the details of the "responsive" document and the reform and recovery plan tomorrow

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The Ministry of Planning announced that it will reveal tomorrow, Monday, the details of the "responsive" document and the reform and recovery plan for the period 2021-2023.

And the ministry’s spokesman, Abdul-Zahra Al-Hindawi, said in a statement that {Euphrates News} received a copy of it that “Minister Khaled Battal Al-Najm will announce tomorrow, Monday, 2-8-2021, the details of the responsive document, and the reform and recovery plan, for the period 2021-2023, which it has completed. The ministry, in cooperation with relevant ministries and authorities, and with the support of the United Nations Development Program (UNDP).

He added, "The announcement will be made during the conference held by the Ministry of Planning at nine thirty in the morning tomorrow, at the Babel Hotel, in the presence of a number of ministers, representatives, governors, deputy ministers, representatives of the private sector and civil society, as well as representatives of international organizations operating in Iraq."


Local news.. Minister of Finance: stimulating plans and comprehensive development of the economic reality

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Sunday 1 August 2021

The Minister of Finance reveals stimulating plans and comprehensive development of the economic reality

The start of the meetings of the Iraqi-Egyptian technical committee to activate the joint memorandum of understanding Health records 9,394 new cases of corona

The judiciary limits the complaints of female candidates about crimes to the offices of judicial investigators

Health announces the arrival of the largest dose of the Pfizer vaccine

Oil Ministry: Revenues last July amounted to more than 6 billion dollars children killed in a fire accident in Baghdad 4

Planning announces a sharp decline in imports over the past year

An inmate dies of tuberculosis in Al-Hout prison in Nasiriyah 


Education: The results of the third intermediate will be announced quickly and no postponement in the sixth preparatory exams


Targeting the Diyala-Mirsad electricity transmission line with explosive devices

Security forces arrest an official of the assassination squad of ISIS in Salah al-Din

Al-Rafidain: Loans of 50 million dinars for construction and restoration are for employees without a sponsor

Seizing 7 containers for violating import controls at the Basra Gate Customs

Agriculture: Iraq is on the verge of an excellent season of date production

The arrest of a woman who stole a taxi in Baghdad

Two earthquakes hit Kalar district in Sulaymaniyah

Thwarting a terrorist attempt to target electricity towers north of Diyala


Al-Kazemi announces the start of implementing economic reform in Iraq... and issues a detailed statement

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out of Kurdish news

 

Prime Minister Mustafa Al-Kazemi chaired, on Monday, a meeting of the Supreme Committee for Reform, announcing from there the start of economic reform in Iraq.

Al-Kazemi said in a statement to his media office, NRTAn Arabic version of it (August 2, 2021), that " since we launched the reform white paper to address the rampant corruption in the country, we are working to create an appropriate atmosphere for its implementation."

He added, "Our meeting today is to announce the start of implementing the administrative and executive mechanisms of the economic reform plan within the white paper."

He stressed that the government "strongly aspires to restore the country's economy to its strength after the situation reached very low levels as a result of rampant corruption."

He pointed out that this plan would rebuild the Iraqi economy in a proper manner, achieving sustainable development for the country," noting that "the reform plan will provide a solution to the chronic economic management crisis, which is represented by complete dependence on oil, and the failure to diversify sources of income."

 

 

Here is the text of the decisions:

 

 

- We want to prove to the Iraqis that we are serious about reform; Therefore, the plan for managing the economy was neither short-term nor immediate, but rather aimed at an integrated reform until it is completed within 5 years.

 

- The damage to the Iraqi economy is very large; For this reason, it is impossible to implement the reform plan in a short time, and whoever promises to do so is delusional.

 

- Our goal is to advance the Iraqi state, not the current government. Governments go and the state remains, and for this we want with all our determination to restore Iraq's economic prestige. 

- Since we assumed the administration of the executive authority of Iraq, we have been working hard to implement reforms; To get out with minimal losses for all of us. 

- The future of our children is more important than anything, they are the builders of Iraq, and they will lead it, so let us leave our interests and think about our children.


Al-Kazemi announces the start of administrative mechanisms for economic reform in Iraq

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Today, Tuesday, Prime Minister Mustafa Al-Kazemi announced the start of implementing the administrative and executive mechanisms of the economic reform plan within the white paper.


Al-Kazemi said while presiding over the meeting of the Higher Committee for Reform, that "since we launched the reform white paper to address the rampant corruption in the country, we are working to create an appropriate atmosphere for its application, and our meeting today is to announce the start of implementing the administrative and executive
mechanisms for the economic reform plan within the white paper."

He added: "We strongly aspire to restore the country's economy to its strength after the situation reached very low levels

as a result of rampant corruption, and this plan would rebuild the Iraqi economy in a proper manner, achieving sustainable development for the country."

He pointed out, "The reform plan will provide a solution to the chronic economic management crisis, which is represented by complete dependence on oil, and the failure to diversify sources of income, and we want to prove to the Iraqis that we are serious about reform. until it is completed within 5 years.

And he indicated, "The damage to the Iraqi economy is very great, and for this reason it is impossible to implement the reform plan in a short time, and whoever promises to do so is more important and our goal is to advance the Iraqi state, not the current government, for governments go and the state remains, and for this we want with all our insistence." To restore Iraq's economic prestige."

And he continued, "Since we assumed the administration of the executive authority of Iraq, we have been working hard to implement reforms, in order to come out with the least losses for all of us, and the future of our children is more important than anything, they are the builders of Iraq, and they are the ones who will lead it, so let us leave our interests and think about our children."



The Iraqis are on a date with a budget surprise | a report
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The surplus in oil revenues during the current year is close to twenty billion dollars, a surplus resulting from the difference between the price estimated in the budget and sold in the market, sums that can contribute to filling the deficit in the budget and avoiding foreign loans if invested in the right way.

It would be nice to know what this video says

https://www.youtube.com/watch?v=U5bd4mzbHfE

#Iraq #budget

The Iraqis are on a date with a budget surprise | a report


OBJECTIVES FOR IMPLEMENTING THE ADMINISTRATIVE AND EXECUTIVE MECHANISMS OF THE ECONOMIC REFORM PLAN

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Today, Monday, Adviser to the Prime Minister, Alaa Abdul-Hussein, identified 3 goals for implementing the administrative and executive mechanisms of the economic reform plan, which Prime Minister Mustafa Al-Kazemi announced the start of its implementation.

Abdul Hussein said in a statement to the official agency, followed by the “National News Center”, that “the first meeting of the Supreme Committee for Reform took place today, headed by Prime Minister Mustafa Al-Kazemi, to officially announce the start of the actual implementation of the administrative and organizational mechanisms of the economic reform plan,” noting that it “represents the starting signal.” For all ministries, departments, and main entities implementing the projects mentioned in the implementation white paper.

He added, "During the last period, after completing work on the white paper, we completed in the economic reform cell the organizational preparations to start implementation by defining the reform program."

And he indicated that "the program will be actually implemented and will be monitored by the Higher Committee for Reform, and we are trying to overcome any difficulties and obstacles that hinder the implementation of the program."

He pointed out that "the government feels great responsibility for its relationship, and the Prime Minister confirmed today in his speech during the meeting that this program developed by the current government will not only concern its work as much as it relates to the work of the state and its economy."

He explained that "the program targets 3 points, which are to achieve economic reform, correct structural imbalances in the Iraqi economy, and reduce dependence on oil revenues by making the economy able to create jobs and sustainable development that is positively reflected on the various Iraqi people."

Earlier today, Prime Minister Mustafa Al-Kazemi confirmed the start of implementing the administrative and executive mechanisms of the economic reform plan, while presiding over the meeting of the Supreme Committee for Reform.


Our economy..and the black swan

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The Iraqi economy still faces many crises, and the reason is due to its rentier nature and the spread of financial and administrative corruption in many of its joints, despite the attempts of successive governments after 2003 to find effective solutions to extricate the economy from its bitter reality, and because of this nature that colors this economy, the swan theory The black swan theory works according to specific mechanisms in the Iraqi economy, and the reader may wonder about the nature of the black swan? What is the relationship of the economy with swans, whether they are black or white? It is useful here to give a simple conception of the black swan theory, as the Harvard Business Review terminology guide indicated that the economist John Stewart Mill, was the first to use this term in the nineteenth century, when talking about falsification in economic facts, and the idea of ​​the black swan revolves in (Most people believed, even before the discovery of black swans in the eighteenth century in Western Australia, that all swans are white, and therefore seeing a black swan for the first time represents a surprise and shock for many, and this does not represent a stall for the horse, the issue is related to the limited knowledge derived from the observations historical and from observation and experience).

In general, the so-called black swan is an event that has three main characteristics: it is episodic, it is beyond expectations, or it is difficult to predict, and it includes very severe effects with strong and potentially catastrophic repercussions at times. In order for an event to take the character of a black swan, it must be sudden, unpredictable, and have a great impact, and then after its occurrence, interpretations, expectations and analyzes appear. Therefore, all disasters, internal and external wars and epidemics, can be called a black swan, especially since it occurs without precedent. Warning and be sudden and unexpected, and have negative effects and consequences on the overall economic activity.

And Iraq, as part of the global economic system, was affected by the global recession, which led to a decrease in demand for crude oil, which led to a decline in its prices, down to $ 32 a barrel at the beginning of the pandemic, and the matter did not depend on crude exports, but rather because of social distancing measures and restrictions, which It was imposed on society, and global and religious tourism declined, which greatly affected the formations of the gross domestic product. The outbreak of the Corona pandemic was not a passing event like other waves of epidemics and diseases that struck the world, as neither the Great Depression nor all the waves of stagnation and crises over the past two centuries were with such great attrition and losses in just 6 months, and if we had called the black swans name Despite all the crises, events, disasters and epidemics that have passed on the global economy, the Corona crisis is a black swan that is different from its predecessors, due to its great economic and social repercussions on the entire global economy.


Below here is the daily WOTS report "Word on the Street" for August 2nd 2021

The dollar exchange rates on the Iraqi local stock exchange on Monday, August 2, 2021.   

 

Baghdad - Stock Exchange of struggle  

147,850  

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The price is in most Baghdad exchanges  

Purchase  

147,250  

Sale  

148,250  

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Basra - Bursa  

148,000  

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Erbil - Bursa  

148,100  

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Mosul - Bursa  

148,100  

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Sulaymaniyah - Bursa  

148,150 


The Markets:
The Asian markets closed mixed NIK up by 1.82% HSI up by 1.06% SHANG up by 1.97%
The UK markets are currently trading in the green  from .08% to .94% 
Our futures are currently trading in the green  DOW at 34995 up  by .47% SNP at 4414.75 up  by .58% NDX at 15035.5 up  by .53%

Precious Metals:
Gold is red at 1810 Silver is red  at 25.53 Copper is green at 451 Platinum is red at 1062 
Brent 74 WTI  72   Bitcoin: 39,665 10 yr yield: 1.23

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1437.6000  1488.2000 1457.1000 1457.1000 1457.1000  -0.3000 06:09
 USD/VND  22950.0000  22955.0000 22949.8000 22949.7600 22949.7600  0.4500 22:52
 USD/CNY  6.4604  6.4624 6.4675 6.4588 6.4605  -0.0003 05:27
 USD/KWD  0.3000  0.3010 0.3002 0.3001 0.3002  -0.0001 04:52
 GBP/USD  1.3908  1.3908 1.3932 1.3886 1.3898  0.0010 05:30
 USD/IRR  42000.0000  42210.0000 42097.5000 42097.5000 42097.5000  0.0000 00:00
 USD/IDR  14387.0000  14388.0000 14470.0000 14375.0000 14435.0000  -45.0000 05:30

Things in the News:

Iraqi Articles:

Iranian Foreign Ministry: The President of the Republic of Iraq, Barham Salih, will visit Tehran next Thursday

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Interesting ...

 

The President of the Republic of Iraq, Barham Salih, will visit the Iranian capital, Tehran, next Thursday, to participate in the inauguration ceremony of the new Iranian President Ibrahim Raisi.

Iranian Foreign Ministry spokesman Saeed Khatibzadeh confirmed that the President of the Republic, Barham Salih, will visit Tehran to participate with dozens of delegations from many countries of the world, in the swearing-in ceremony for the new president, Ibrahim Raisi, adding that delegations at the level of presidents, prime ministers or foreign ministers are preparing to go to Iran to participate in the oath ceremonies that take place next Thursday.


Deputy: Returning the dollar exchange rate to its previous price is a popular demand

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Independent MP Mansour Al-Baiji stressed, on Monday, that restoring the exchange rate of the dollar against the dinar to its previous price is a popular demand by all the people, and we will work to return it to its previous price during the next stage and as soon as possible.

Al-Baiji said, in a statement received by Mawazine News, a copy of it, that raising the dollar exchange harmed a large segment of the Iraqi people, and this matter could not continue, given that those affected by it are a large segment and this matter cannot continue, indicating that he will work to put pressure on the parties. The competent authority accompanied the decision in order to return it to its previous price.

Al-Baiji said that the decision to return the dollar exchange rate to its previous rate is inevitable and cannot be tolerated or accepted to continue with this rise because it burned the local markets in the country and that a large segment of the people affected by it must be reversed and returned to its previous price as soon as possible, adding that this One of our priorities during the next stage, and we will not allow this matter to continue for a long time in the service of our people who have been affected by this rise.

He concluded that the need has ended if it was a pretext taken by the competent authorities to raise the exchange rate after the world oil prices recovered, so the exchange rate of the dollar against the dinar must be reduced and fairness to our people who have suffered a lot in this rise and they are powerless and therefore we do not allow or accept this matter to continue It will be a long time and it will be a priority for all national representatives to do justice to their people, even if it is late.

The US ambassador reveals the scenes of the strategic dialogue

link


The US Ambassador to Baghdad, Matthew Tueller, announced on Monday that Iraq and the United States have agreed on a strong joint relationship, during the strategic dialogue between the two countries.  

Toler said in a press conference attended by the correspondent of "Mawazine News", that "Iraq is a great country and has strategic borders with important neighbors, and the Iraqi state has a strong sovereignty, not only for its citizens but for the region as a whole." 

He added, "If the state is weak or because of external interference and the spread of corruption, this will cause major problems and do not harm relations between Baghdad and Washington." 
He continued, "We produced a paper after the strategic dialogue, in which we explain the results of the tour in the economic, social and other fields." 

He indicated that, "After the meetings in Washington, we granted 155 million dollars to the liberated areas, the displaced and other aid, and allocated 500 doses of vaccine against the Corona virus." 
And he indicated that "60 million dollars are allocated to the health sector to deal with this epidemic."


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 August  , 2021 total sales amount $ 

including   $0. CASH 

ISX Update:   

www.isx-iq.net/

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

8-1-2021   Intel Guru Holly  ...RV Update:  We are coming to the end of this ride so be very, very careful of information and who you are following. The sharks are circling waiting for this moment. Use discernment and do not fall for any schemes. Question all...

8-1-2021   Newshound Guru  Breitling 
 Iraq devalued their currency on purpose.  They made it cheap to do business with their country...it's a completely different ballgame.  The Iraq currency is not in trouble.  It's heavily manipulated...It has to do with the note count...Information coming from the CBI - when they do start adding value to the currency that once it gets to a certain rate they are going to have another currency that's out there that doesn't have the 3 zeros on it.  If they're going to lop the damn dinar that you and I have that have the 3 zeros on it then there's no reason to have a completely different note.  There's no reason for it.  It doesn't make any sense...it's not going to lop.   [Post 2 of 2]

8-1-2021   Newshound Guru Breitling  Question:  "Would I be wise to buy 500 denominations along with the 3 zero notes?"  A lot of people ask me about the LOP.  People are saying that's still part of the equation/debate.  No it's not!  That's not part of the debate at all...if you look at what they're doing in Iraq and how they're doing it, they want to add value to their currency and lopping the 3 zeros is not adding value to their currency.    As an example if you look at what's going on with Turkey when they lopped the 3 zeros off their currency.  It was because there was massive inflation and they couldn't fix anything.  [post 1 of 2....stay tuned]

8-1-2021   Newshound Guru Pimpy  Article:   "As compensation for the invasion of Iraq, the United Nations pays $600 million to Kuwait".  This I like a whole lot.  Let's get to the most important thing.  Quote:   "the last installment is expected to be paid within a year."  Yep!  Then you have no more payments going out.  That's it...everything is taken care of once that's done.  Plus our troops are withdrawn.  Complete sovereignty ...then I'm looking for a rate change to happen...get the Americans out of there.  Make your last payment to Kuwait.  Get your sovereignty back. Let's change the rate...

8-1-2021   Intel Guru Frank26   Iraq is grown up.  It is secured and stable to bring forth its reforms, especially in its currency in order for it to have an economic reform.  It can be done tomorrow and it can be done by the end of the year.  All I know is that Iraq needs to be sovereign...[Years ago]  Dr. Shabibi told our Blue Star - Iraq needs to be sovereign.  And this 'pull out' [of troops] that Biden was talking about is part of the security and stability IMO...

8-1-2021   Intel Guru Fleming   Saturday RV Report:  Our military intel contact said he needs to avoid all details for security but he can confirm Mr Fleming’s sources confirming that the shotgun money flows have been moving at all levels the past 24 hours, there is a huge amount of activity happening globally today Sat 31 July, and he said keep watching for notifications that are imminent...This really is it and soon we will all be celebrating quietly under NDAs.

8-1-2021   Intel Guru MarkZ   [via PDK]  Redemption centers have not been called in this weekend. They are expection to be in early on Monday... Looks like we are going to have a very busy week.  


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

Statement

A number of heads of Iraqi national forces and parties held a meeting at the Government Palace in Baghdad at the invitation of the Prime Minister, Mustafa Al-Kazemi, in the presence of the President of the Republic, Dr. Barham Salih, and the Speaker of Parliament, Mr. Muhammad Al-Halbousi.

During the meeting, Mr. Al-Kazemi reviewed the results of the strategic dialogue with the United States during his recent visit to Washington, and what was included in the joint final statement of the strategic dialogue.

Prime Minister Mustafa Al-Kazemi said: The results of the strategic dialogue rounds with the United States concluded that there were no combat forces in Iraq at the end of this year, and that the relationship between the two sides would turn into a relationship of training, security cooperation, and intelligence only; In this sense, on (December 31, 2021), Iraq will return to its relationship with the United States before the official request for the arrival of these forces in 2014, and to return to the normal formula of the relationship that was voted by the Iraqi Council of Representatives and approved in the name of (the Strategic Framework Agreement).

The participants affirmed support for the results of the dialogue and the points contained in the joint statement, with regard to the security relationship between the two sides, and the transition of the relationship to advice, training, and intelligence cooperation, and the absence of combat forces by the end of this year. national security, and the fight against terrorism.

The attendees welcomed the dedication of cooperation at the (political, economic, cultural, health, educational) and other levels between the Republic of Iraq and the United States of America, in a way that guarantees strong and fruitful relations between the two friendly countries, and in a manner that serves the interests of Iraq.

On the basis of this, the participants commended the efforts of the government and the Iraqi negotiating delegation at all levels in achieving this agreement, stressing their keenness to adhere to its outputs, and to ensure its implementation according to the contexts and timelines contained in it.

In another context, the attendees discussed the current preparations for the elections and affirmed their commitment to the timelines set for the electoral process on October 10, 2021, and their commitment to the standards and controls that were approved for the success of the electoral process.

The attendees called on the government to provide all requirements of electoral security, and all support to the Independent High Electoral Commission; To ensure the success of the electoral process and to ensure its integrity.

In this regard, the conferees called on the political forces that announced during the past period not to participate in the electoral process for any reason, to return from this decision, and to start a frank dialogue; To fortify the electoral process, and fortify democracy in the country.

The attendees emphasized that the participation of all political parties in the electoral process represents a sound national choice and achieves the desired goals to serve our people and achieve their legitimate aspirations.

Media Office of the Prime Minister
1 - August - 2021

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ARTICLE 2 (from Government of Iraq twitter account)

The @IraqiGovt is moving forward with reforms that support the investment climate and focus on achieving greater progress in easing regulatory restrictions on obtaining investment licenses. Watch the Chairwoman of the National Investment Commission via this short video
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ARTICLE 3

In the presence of the presidencies.. the government palace hosts a high-level meeting to discuss the outcomes of the strategic dialogue
2021-08-01 | 10:47

Today, Sunday, the three presidencies discussed with a number of heads of Iraqi national forces and parties the outcomes of the strategic dialogue between Iraq and the United States of America.

The media office of the Prime Minister said in a statement received by Alsumaria News, "A number of heads of Iraqi national forces and parties met at the Government Palace in Baghdad at the invitation of Prime Minister Mustafa Al-Kazemi, and in the presence of the President of the Republic, Barham Salih, and Parliament Speaker Muhammad Al-Halbousi, where Al-Kazemi reviewed During the meeting, the results of the strategic dialogue with the United States during his recent visit to Washington, and what was included in the joint final statement of the strategic dialogue.

Al-Kazemi indicated that "the results of the strategic dialogue rounds with the United States concluded that there were no combat forces in Iraq at all at the end of this year, and that the relationship between the two sides would turn into a relationship of training, security cooperation, and intelligence only; in this sense, on (December 31) From the year 2021) Iraq will return its relationship with the United States to before the official request for the arrival of these forces in 2014, and return to the normal formula of the relationship that was voted by the Iraqi Council of Representatives and approved in the name of (the Strategic Framework Agreement).

The participants affirmed, "Supporting the results of the dialogue and the points contained in the joint statement, with regard to the security relationship between the two sides, and the transition of the relationship to advice, training, and intelligence cooperation, and the absence of combat forces by the end of this year. national sovereignty, national security, and the fight against terrorism.

The attendees welcomed "the dedication of cooperation at the (political, economic, cultural, health, educational), and other levels between the Republic of Iraq and the United States of America, in a way that guarantees strong and fruitful relations between the two friendly countries, and in a manner that serves the interests of Iraq."

The participants praised, according to the statement, "the efforts of the government and the Iraqi negotiating delegation at all levels in achieving this agreement, stressing the keenness to adhere to its outputs, and to ensure its implementation according to the contexts and timelines contained in it."

In another context, the attendees discussed the current preparations for the elections and affirmed their commitment to the timelines set for the electoral process on October 10, 2021, and their commitment to the criteria and controls that were approved for the success of the electoral process. While they called on the government to provide all requirements of electoral security, and all support to the Independent High Electoral Commission; To ensure the success of the electoral process and to ensure its integrity.

The meeting called, according to the statement, "the political forces that announced during the past period not to participate in the electoral process for any reason to return from this decision, and to start a frank dialogue to fortify the electoral process and fortify democracy in the country."

The attendees emphasized that the participation of all political parties in the electoral process represents a sound national choice and achieves the desired goals to serve our people and achieve their legitimate aspirations.

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ARTICLE 4

What is the possibility of approving the 2022 budget before the elections.. A deputy speaks
07:36 - 01/08/2021
Baghdad - Mawazine News

A member of the Parliamentary Finance Committee, Muhammad Al-Shabki, confirmed, on Sunday, that the increase in oil prices will cover the budget deficit and the value of some loans, while specifying the extent to which the 2022 budget can be approved before the elections.

Al-Shabki told the official news agency, "The financial abundance from the increase in oil prices covers the deficit in the budget, and its value is estimated at 28 trillion dinars."

He added, "The Finance Committee, in its amendments to the 2021 budget text, suspended the appointment process and the rest of the financial expenditures to bridge the deficit," noting that "the difference between the price of a barrel of oil, which was approved in the budget at "45" dollars, and the current price through which the deficit can be filled and some loans".

With regard to the 2022 budget, according to Al-Shabki, "The Financial Management Law stipulated that the Ministries of Finance and Planning and the Office of Financial Supervision should submit their development plans as of July, that is, 5 months before the New Year."

And he indicated that "the Ministry of Finance has meetings and continuous sessions, to reach a clear formula and indicators on the basis of which it formulates and presents the budget."

On the possibility of approving the 2022 budget before the parliamentary elections next October, Al-Shabki said that "it cannot be approved before the elections, given that the date of sending it to Parliament takes place in the same month."

He continued, "The holding of elections will stop the work of the current parliament, and therefore it will not be present to discuss the budget items."

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ARTICLE 5

Al-Sistani's office sets the date for sighting the new moon of Muharram
03:22 - 01/08/2021
Najaf - Mawazine News

On Sunday, the office of the Supreme Reference, Sayyed Ali al-Sistani, announced the date of sighting the crescent of the month of Muharram.

The office said in a statement that Mawazine News received a copy of it, that the crescent of the month of Muharram is expected to be seen on the evening of Thursday, August 9, and Friday, August 10, the first day of the sacred month

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