WOTS WED AUG 11 21
The government has no intention of changing the price of the dollar for two years..and reveals the reason
The price of the dollar today in Iraq came in the local markets and the Iraqi stock exchanges in the capital, Baghdad, Basra and Erbil as follows:
The exchange rate of the dollar against the Iraqi dinar in Iraq today, Wednesday, August 11, 2021
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Economist: The government has no intention of changing the price of the dollar for two years..and reveals the reason
link keep in mind this is not the CBI saying this
Basem Jamil Antoine told {Euphrates News}: "The government is not thinking of returning the dollar to its previous value because it found a solution in it, and the white paper agrees on that."
He added, "There will be no change in the government, neither in the next budget 2022 nor the one after 2023, in the price of the dollar, and it will be a continuous pattern, as purchasing power has decreased and the poor have become poorer."
Antoine considered the start of the Ministry of Finance to prepare the next budget as a "good step."
He pointed out, "The financial deficit decreases because revenues have risen and the financial difference in the price of a barrel of oil approved in the budget from the current price is large and achieves great results."
It is noteworthy that the Central Bank of Iraq decided on January 19 last to make a significant change in the dollar exchange rate, as follows:
1450 dinars per dollar, the purchase price of foreign currency from the Ministry of Finance.
1460 dinars per dollar, the price of selling foreign currency to banks.
1470 dinars per dollar, the price of selling foreign currency to the public.
Al-Kazemi criticized the entrances to Baghdad: It is not worthy of the capital and its position
Prime Minister Mustafa Al-Kazemi criticized on Wednesday the entrances to the Iraqi capital, Baghdad, for being neglected and outdated, and the spread of rubbish around them, describing them as "not worthy of the capital and its position."
This came in an inspection tour that he conducted for the Dora-Youssoufia highway project, accompanied by the engineering angel in the project, in addition to his briefing on the work’s joints and the stages of completion.
A government statement stated that Al-Kazemi held a meeting with the engineering owners of the Ministry of Construction, Housing and Municipalities, and the owners of the company executing the project, where he thanked the technical and engineering staff, and all project workers, stressing that it constitutes the beginning of correcting many projects that remained ink on paper without real implementation, for reasons Many come in the forefront of corruption, and mismanagement.
Al-Kazemi explained that this project has been designed for decades, and it is of great importance, and it is necessary to be a model for correcting the situation in the future, with regard to the development of important roads in Iraq and all other projects.
The Prime Minister also confirmed that all the needs for the implementation of this project will be met. With the aim of completing it on time, His Excellency directed the competent authorities to pay attention to the entrances to Baghdad, which are currently not worthy of the capital and its position.
It is noteworthy that the Dora-Youssoufia highway is one of the important and strategic roads, and will contribute to solving the traffic congestion crisis.
Parliament expresses a position on the recent US sanctions imposed on Iraqi figures
Today, Tuesday, a member of the Parliamentary Security and Defense Committee, Karim Aliwi, commented on the United States of America imposing new sanctions on .Iraqi parties and personalities Aliwi told (Baghdad Today), "These sanctions are unilateral, and they are not international sanctions or contain recommendations from the UN Security Council, and these sanctions aim to undermine every party and person that confronts US projects in the region, which work to destabilize the security and stability of the ".region
And he indicated that "the Iraqi government is immediately required to intervene and prevent any sanctions against any Iraqi citizen and against any party that worked to defend Iraq and the Iraqis and worked to support the Iraqi forces in liberating the territories from the terrorist organization ISIS, which America contributed to bringing ".into Iraq
With American participation"...the launch of a major military operation in western Iraq
On Wednesday, the Iraqi army launched a major military operation to pursue ISIS elements in the Al-Rutba desert in Anbar Governorate, in the west of the country, with the support of the international coalition aircraft led by the United States.
The source told Shafaq News Agency, that a major military operation was launched today in the Rutba desert, under the supervision and planning of the Joint Operations Command.
The source explained, "The Iraqi army forces, the Counter-Terrorism Service, the Rapid Response Service, the army's aviation, the international coalition and the air force participated in the operation," noting that "the operation aims to pursue the remnants of ISIS."
Lieutenant-General Abdul-Amir Al-Shammari, Deputy Commander of Joint Operations, had arrived in Anbar Governorate to supervise the operation.
In turn, the Security Media Cell said, through a statement received by Shafaq News Agency, that units of the Iraqi army, the Counter-Terrorism Service and the Rapid Response Division began, at dawn today, to implement a wide security operation in the Rutba desert within the Anbar Operations Sector, with air support from the Air Force and aviation. The army and aviation of the international coalition.
She explained that the operation came according to accurate intelligence information, and based on the efforts and reconnaissance of the Federal Intelligence and Investigation Agency in the Ministry of Interior, and under planning and under the supervision of the Joint Operations Command.
She indicated that this operation comes to pursue the remnants of ISIS terrorist gangs, search for their hideouts, and to clear the areas within the sector of responsibility.
Oil prices drop below $70 a barrel
Oil prices fell below $70 a barrel today, as they came under pressure after the White House called on "OPEC" and its allies to boost production, in an effort to curb the rise in gasoline prices in the United States.
The Council of Ministers decides Iraq's accession to the Asian Investment Bank agreement for infrastructure
The Council of Ministers decided to authorize the Minister of Foreign Affairs to sign the application for the accession of the Republic of Iraq to the Asian Investment Bank’s Infrastructure Agreement, after preparing the authorization from the Ministry of Finance, and paying Iraq’s contribution to the aforementioned bank’s capital, among the allocations of the general federal budget to the Ministry of Finance (for the year 2021). ) by making a transfer.
The decision also included determining the share of Iraq’s contribution from the shares in the Asian Infrastructure Investment Bank to the upper limit, with (250) shares of the capital, consisting of (50) paid-up shares, equivalent to (20%) and remaining (200) shares, which equals (80%). ) is not paid and on call
CBI Update: Just a note:
including $41,410,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
8-10-2021 Intel Guru Fleming Our military intel contact is confirming Mr. Fleming's sources saying that the RV teams were working all weekend...His info is that ...Mon 9 Aug the RV teams met and reviewed progress toward the release this week and our guy's info is that at 12:17 pm EST a release was given to proceed toward the shotgun liquidity cascading event--his info is the roll out is still on schedule for this week...notifications starting exchanges by the middle to the end of this week...it is really coming now...
8-10-2021 Intel Guru Frank26 Article: "The exchange rate of the dinar enters the electoral fray in Iraq" They're talking about the exchange rate again and they're doing it because there's an election coming up. This is perfect timing because the 'good guys' are telling the citizens about a change in the exchange rate and new currency coming out. Now the 'bad guys' are doing the same thing. Why? Because they want to buy votes...
8-10-2021 Newshound Guru Breitling We're getting indications from Warka [Iraqi Bank] because they passed laws/set the infrastructure so they can do more international business with their currency. Not the U.S. dollar...their biggest solution is to add value to their own currency. They're not going to come out at a super low rate because it wouldn't fix anything...a currency that's worth nothing, how's that going to help Iraq?
8-10-2021 Intel Guru Holly At 1:30 pm EST Sun 8 Aug. progress began toward overnight lockdown of rates and procedures for all tiers and levels which would lead to payouts globally at all levels including Tier 4B this week.
8-10-2021 Intel Guru MarkZ [via PDK] I think this is an important piece that we are...seeing progress on the bond side. We know historic bond redemptions have to get to a certain level before they pull the trigger for us. At least that is what I am being told…and what everyone else in the game is being told. We will continue to watch it. So nothing negative today and we are still seeing movement. Slow, steady progress…the tortoise wins the race. Maybe August has been their target along and we were just overly optimistic it was happening sooner...Nobody knows the exact timing... Bankers are just living on a “stand by” mode on the currency side of this.
8-10-2021 Intel Guru Frank26 What's in the White Papers? IMO the exchange rate...The White Papers are in the budget. Does the budget have the new exchange rate? Yeah. What else is in the budget? The HCL. Is the new rate used in the HCL? Yeah...
8-10-20221 Newshound/Intel Guru Walkingstick [via Guru Frank26] The monetary reform has to be wrapped up in the economic reform. Many article are proving it day after day...you can't have the economic reform without the monetary reform first...the Iraqi citizens like that because they're going to get jobs/because of their economic explosion/because of the monetary reform...Kazemi is talking about both reforms and promising to the citizens that it's coming...
8-10-2021 Newshound Guru Kaperoni ...The white papers have nothing to do with Iraq's exchange rate. White Papers are a roadmap of sorts to implement a private sector market economy.
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