Friday, August 20, 2021

WOTS THU AUG 19 21 The Council of Ministers decides to restore the work of banking companies in Nineveh Governorate

 WOTS THU AUG 19 21The Council of Ministers decides to restore the work of banking companies in Nineveh Governorate

No My FX Buddies Podcast today



The exchange rates of the US dollar against the Iraqi dinar stabilized on Thursday in Kurdistan Region, while the main stock exchange in Baghdad was closed.

Shafaq News Agency correspondent said that the dollar prices in Erbil, the capital of Kurdistan Region, witnessed stability today, as the selling price reached 148000 dinars per 100 US dollars, and the purchase price was 147,500 dinars per 100 dollars.

Our correspondent indicated that the Central Kifah and Al-Harithiya Stock Exchange in Baghdad was closed today as a result of the holiday announced by the government for the tenth of Muharram.


The Markets:
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 USD/IDR  14448.0000  14450.0000 14475.0000 14399.0000 14399.0000  49.0000 05:26

Things in the News:





Iraqi Articles:

The Council of Ministers decides to restore the work of banking companies in Nineveh Governorate

link

The Council of Ministers decided to approve the Central Bank of Iraq to take the appropriate measures regarding the re-work of banking companies in Nineveh Governorate, in accordance with the laws and instructions in force, after the Iraqi National Security Apparatus has audited a security audit, within a period not exceeding a maximum working month from the date of reaching The request for auditing from the Central Bank of Iraq, and upon its completion, the approval shall be considered if there is no answer.


Parliamentary Economy: The rise in global oil prices is a positive thing for Iraq

link

The head of the Parliamentary Economy and Investment Committee, MP Ahmed Salim Al-Kinani, confirmed today, Thursday, the possibility of preparing a supplementary budget before the end of the current parliamentary session, which may include launching investment projects in the governorates.

Al-Kinani said, in a statement received by (Al-Oula News), that “bridging the current deficit in the state budget means securing the salaries of employees in the first place,” noting that “the rise in global oil prices is positive for Iraq because it will cover the financial deficit in the current year 2021 budget, which includes Mostly employee salaries.

He added, "The rise in oil prices in global markets is positively reflected on Iraq due to calculating the price of a barrel of oil at a limit of 45 dollars in the state's general budget for the current year 2021," noting that "this difference in price will cover the current deficit in Iraq's financial budget."



A new clarification from the Rafidain Bank regarding the opening of current accounts

link

On Thursday, Al-Rafidain Bank issued a new clarification regarding the opening of saving and current accounts for citizens.

And the bank stated, in a statement that (Al-Oula News) received a copy of it, that “the opening of saving and current accounts for citizens is in the bank’s branches.”

The statement added: "This is to deposit their money in the bank instead of hoarding it in homes and obtaining rewarding financial returns."


Minister of Oil: We have developed plans to provide an appropriate investment environment for international companies

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The Iraqi Oil Minister, Ihsan Abdul-Jabbar, confirmed that his ministry has set in its plans to provide an appropriate investment environment for international companies to work in the oil and gas sector in Iraq.

On the sidelines of his participation in a video meeting with the American Chamber of Commerce in Houston, he said, "The ministry has set in its plans and priorities to provide the appropriate investment environment for international companies wishing to work in Iraq, especially in the gas, clean and renewable energy sectors, infrastructure development and improving the environment."

Abdul-Jabbar pointed out that "the government and the ministry are keen to develop the oil and gas sector and increase the volume of investments in clean and renewable energy projects in cooperation with specialized international companies."


The Council of Ministers decides to restore the work of banking companies in Nineveh Governorate

link

The Council of Ministers decided to approve the Central Bank of Iraq to take the appropriate measures regarding the re-work of banking companies in Nineveh Governorate, in accordance with the laws and instructions in force, after the Iraqi National Security Apparatus has audited a security audit, within a period not exceeding a maximum working month from the date of reaching The request for auditing from the Central Bank of Iraq, and upon its completion, the approval shall be considered if there is no answer.


Nasrallah: All eyes are on Iraq.. This is what will happen in the coming months!

link

The Secretary-General of the Lebanese "Hezbollah" Hassan Nasrallah said, on Thursday, that eyes have become focused on the "American occupation" of Iraq and Syria, specifically in the coming months, following Washington's defeat in Afghanistan.

Nasrallah called in his speech, followed by NRTArab League (August 19, 2021), to “approving the regional equation capable of protecting the holy sites and the holy city, which is the responsibility of the whole nation,” explaining that “the Zionists have great fear of any Iraqi role in any major war.”".

He added, "After the American defeat in Afghanistan, eyes will be fixed in the coming months towards the American occupation in Iraq and Syria," noting that "Iraq has decided that the American forces leave the country from now until the end of this year, which is an achievement and a victory."".

He pointed out that "the Iraqis should take the training of the Americans for the Afghan army for 20 years during the stay of the American advisors and trainers," reiterating the party's position on the "war of aggression against Yemen and its oppressed people, which must stop."".

He continued, "We renew our position on the side of the oppressed people of Bahrain whose natural rights have been deprived of their natural rights, which throws their scholars and best women in prisons," stressing "the resistance's strength, readiness, and steadfastness, and everything that is happening around us has not been able to affect our capabilities or the development of armaments capabilities."".

And he indicated that "our accusation of obstructing the formation of the new Lebanese government lacks evidence," adding, "We called for the formation of a government in Lebanon, and there are those who are trying to hold us responsible for the failure to form the government under the pretext of not putting pressure on our allies."".

He said: "It is not enough for the security forces to confiscate the stored fuel, but the state must throw the monopolists into prisons," noting that "the fuel crisis is fabricated, and it could have been addressed if the government had had the necessary determination from the beginning."".

He stated that "the state and the security forces should put the fuel monopolists in prisons to end the fabricated crisis," declaring that "a ship loaded with the required materials will sail within hours from Iran to Lebanon to end the fuel crisis."".

He explained that "our first ship from Iran will be loaded with diesel as a top priority because it is linked to people's lives, and this ship and other ships will arrive safely," noting, "I say to those who imposed the choice on Lebanon in these difficult circumstances, we are a people who refuse to humiliate our people."".

Nasrallah stated that "Iran did not interfere in our internal affairs, and we are not tools of this or that country. We are masters of the Wali al-Faqih, and we are not America's slaves and tools


CBI Update:  Just  a note:    Holiday 

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 

8-18-2021   Newshound/Intel Guru Mnt Goat   I am still hearing from the CBI itself they are going ahead with a January plans for a reinstatement which means maybe late December for the project to delete the zeros. This is the good news today. 

8-18-2021   Intel Guru MarkZ   [via PDK]  The chatter in Iraq is still solid...We are still in the window and still seeing movement on the historic bond side. So I am still feeling good even though we are not in the banks…yet…

8-18-2021   Intel Guru Bruce   [via WiserNow]   ...years ago...Dr Shabibi the head of the CBI at the time...at the United Chamber of Commerce meeting in Washington DC back in 2012 - and he said the dinar would support a $16 rate...in US dollars...Now my understanding is that it’s a little closer to $20...we have not seen that rate personally on screen yet...however...I believe that we’re in for a very strong dinar and dong rate and other rates as well...we know that we’re in very good standing right now with what we’re hearing...maybe for our exchanges and certainly for our notifications and possible appointments to be set to go Thursday...I think everything is moving very quickly... [post 2 of 2]      

8-18-2021   Intel Guru Bruce  [via WiserNow]  ...we know a particular bank that is the lead bank by the way...on Saturday...when the bank closed they did a large training...they all were brought up to speed on “everything” – the RV – the GCR – the QFS – the currencies that were going up in value...the rates ...and so on and so on...this went from the top wealth managers all the way down to the teller level...what else occurred last Saturday? Iraq did an official re-instatement of their dinar...the so called RI...“officially” ...we have a revalued dinar and...  [post 1 of 2....stay tuned]

8-18-2021   Newshound Guru Petra  The reinvestment, the reconstruction and rebuilding of Iraq all begin with the reinstatement...

8-18-2021   Newshound Guru Militiaman  the news over the last few months, weeks and days has been quite promising.  We're coming to a time frame where the writing is on the wall...some of the things we're seeing is just literally telling us that this is about to change.  That comes from all the investors/countries all coming to the table...everything looks golden.

8-18-2021   Intel Guru Frank26   Article quote: "In a statement released by Al Masala in which it announced the launch of a national campaign sponsored by the Central Bank of Iraq to raise the awareness to support the national currency and the Iraqi economy.  This campaign aims to shed light on the importance of dealing with the national currency and increasing the citizens confidence in it for the contribution of all sectors to maintaining the exchange rate."  Darn right!  Every bank.  Every sector. Every province...behold!  What we told you would happen has happened!  [Post 2 of 2]

8-18-2021   Intel Guru Frank26  Article: "The Price of the dollar raises inflation rates to 8 percent...and planning: does not raise fears".   [Boots on the ground Firefly's]  bank friend said it [massive education campaign] has started.  Our key words from Kazemi tell you it has started then today the ones in charge tell you exactly what we told you they would say...welcome to the massive phenomenal campaign of the education of the MR to the citizens of Iraq.  Why now?  Because the world of Article 8 knows the truth of the true value of the Iraqi dinar!  A powerful "release"...  [post 1 of 2....stay tuned]

8-18-2021   Intel Guru MarkZ   [via PDK]   [I see no evidence of an RV coming.]   guess you havn’t been paying attention to the news coming out of Iraq…lower denomination training of the Iraqi citizens…or read all the articles and watch the economists talking about the Global Currency Reset, the end of fiat money, new Basel 3 banking requirements…there is so much proof out there…


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

The Commander-in-Chief of the Armed Forces, Mustafa Al-Kazemi, chairs a meeting of the Ministerial Council for National Security

Today, Wednesday, the Prime Minister and Commander-in-Chief of the Armed Forces, Mustafa Al-Kazemi, chaired a meeting of the Ministerial Council for National Security, during which the latest developments in the security situation in the country were discussed, and the topics on the agenda were discussed.

At the beginning of the meeting, the Prime Minister offered his condolences to the Iraqi people and the Islamic nation on the anniversary of the martyrdom of Imam Hussein (peace be upon him), stressing his directives to the security forces to intensify their efforts to protect visitors, and mourning processions.

The meeting discussed the electoral security file, security plans to protect the elections, and support the commission’s procedures; With the aim of providing a safe environment for elections, and protecting polling stations and candidates.

The council also discussed the situation in Sinjar district, Nineveh Governorate, the measures taken to establish security there, implement the Sinjar Agreement, and stress the rejection and condemnation of attacks targeting the judiciary. Principles of good neighborliness, refusing to use Iraqi lands to settle scores from any party.

And based on the directive of the National Security Council in the session (10-2021) held on June 3, 2021, which included the submission of the National Security Advisory, in coordination with the security institutions, a paper containing an administrative and legal vision for the development of legal mechanisms; To exclude appointments in security institutions from the procedures of the Federal Service Council, and in a manner that does not contradict the provisions of the Iraqi constitution, the Ministerial Council for National Security has agreed to adopt three policies, as indicated below:

1- Immediate policy: Be patient in the procedures of the Federal Public Service Council, with regard to the security services at the present time; For the purpose of creating controls and requirements, and taking this into account in public budgets.

2- Medium policy:
Filing a case by the General Secretariat of the Council of Ministers for the purpose of challenging the provisions of Article (9/Second) of the applicable Federal Service Law; This is due to the privacy of the security services.

3- Future policy:
Formation of a committee of legal departments from the security services headed by the National Security Adviser; For the purpose of amending the law of the Federal Public Service Council in force, excluding the security and military agencies from its duties, and those institutions are expressly specified in the amendment law, or any security formation formed in the future.

Media Office of the Prime Minister
18 - August - 2021

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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.

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ARTICLE 3

The President of the Republic calls for a national dialogue: elections are the peaceful path to change and reform
08/18/2021 18:13

Baghdad / Obelisk: The President of the Republic, Barham Salih, called, on Wednesday, August 18, 2021, to establish a national dialogue that would create an electoral atmosphere of confidence, noting that "the elections are the right path for change and reform."

The President of the Republic said in his speech on the occasion of Ashura commemoration and followed by the "Obelisk", that the epic of Ashura crossed the boundaries of time and place, and the position of Imam Hussein, peace be upon him, was a difference between truth and falsehood.

The President of the Republic offered his condolences to the Iraqi people on Ashura.

He added, "Iraq is going through a defining stage, a national defining moment, and urgent entitlements that are not without serious challenges, including ending corruption and consolidating the reference of a capable state with full sovereignty."

He continued: We must appeal to the will of the people through the elections, and we must not underestimate the magnitude of the challenges surrounding the electoral process, and we must deal with the concerns around them seriously through a national dialogue to reassure Iraqis and close the gaps in the electoral process.

Salih stressed that "the elections should be the peaceful path to change and reform and get the country out of its accumulated crises, and this will not be achieved without the free will of the Iraqis away from all values, interference or manipulation, as the people are the source of authority and the basis of governance."

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ARTICLE 4

The Minister of Finance sets the priorities of the white paper
2021-08-18 | 07:10

Today, Wednesday, Finance Minister Ali Abdel Amir Allawi set the priorities of the white paper while presiding over the eighteenth session meeting of the committee for preparing the state's federal general budget strategy for the medium term 2022-2024.

The office of the Minister of Finance stated in a statement received by Alsumaria News, that the latter “presided over the meeting of the eighteenth session of the committee for preparing the strategy of the federal general budget for the state for the medium term 2022-2024 in the presence of the head of the General Authority to monitor the allocations of the federal ministries, the undersecretary, the advisor to the prime minister and the ministry’s advisor, and a number of From the general directors of the ministry and the relevant ministries.

He added, "The minister discussed the proposed amendments to the side of oil and non-oil revenues, and the follow-up to the ministerial performance steps aimed at raising and maximizing the indicators of non-oil revenues against oil revenues in a way that works to reduce the deficit gap in future budget projects and stay at safe spending levels."

According to the statement, "the session discussed the economic report submitted by the economic department in the ministry on the principles of the budget strategy for the years 2022-2024, which includes reform visions represented in adopting elements that support the revitalization of the economic reality."

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ARTICLE 5

Two conditions for his return to the elections.. Did Al-Sadr meet with Sistani, and what happened in the old city
02:08 - 18/08/2021
Baghdad - Mawazine News

Informed sources revealed, on Wednesday, that the leader of the Sadrist movement, Muqtada al-Sadr, set two conditions to reverse the decision to boycott the upcoming parliamentary elections.

The sources said, according to Asharq Al-Awsat newspaper, that "the leader of the Sadrist movement, Muqtada al-Sadr, informed senior religious leaders in Najaf that he was ready to reverse the decision to boycott the elections, but after fulfilling two basic conditions."

Al-Sadr appeared recently in a video clip as he was leaving the house of the Supreme Leader, Ali al-Sistani, to attend the Muharram mourning council, and a lot of political speculation was raised about his presence there.

However, a senior source from Najaf told Asharq Al-Awsat that "Al-Sadr did not meet the Grand Ayatollah, while he exchanged "serious conversations" with those close to him to a high degree."

Intersecting sources confirmed, "A meeting took place between the two parties," noting that "Al-Sadr spoke briefly with his interlocutors, and was responding to questions about his position on the elections."

According to the sources, al-Sadr "expressed his willingness to return and participate in the elections, setting two conditions that must be met before that."

The source quoted the atmosphere of the meeting, that "Al-Sadr's first condition is to postpone the election date to another date so that his party can prepare well and to ensure justice with the rest of the competing blocs, which have campaigned for weeks."

However, the second condition that al-Sadr raised during the meeting may provoke political controversy at the internal and regional levels. The source says that "the leader of the Sadrist movement stipulated a position on the authority of Al-Sistani in which he condemns the uncontrolled arms groups in Iraq, which threaten the security of the elections."

According to the source, "Al-Sadr believes that his rivals from the armed factions can use violence to change the map of forces and the political balance of the Shiites, in favor of groups that undermine the state."

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