WOTS WED AUG 25 21 The Iraqi government has been accepted at the international level ."
No My FX Buddies Podcast today but you can hear yesterday's here
Publishes a list of the dollar exchange rates in the Iraqi local markets for Wednesday, (August 25, 2021), according to the monitoring of specialists.
Baghdad - Stock Exchange of struggle
147,400
....
The price is in most Baghdad exchanges
Purchase
147,000
Sale
148,000
Basra - Bursa
147,600
Erbil - Bursa
147,600
Mosul - Bursa
147,600
The Markets:
Precious Metals:
Brent 69 WTI 67 Bitcoin: 47,494 10 yr yield: 1.29
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1432.7000 |  1483.8000 | 1456.6000 | 1456.6000 | 1456.6000 | 0.2000 | 00:34 |
| USD/VND | 22790.0000 | 22795.0000 | 22826.3500 | 22818.1300 | 22826.3500 | -9.4900 | 04:04 |
| USD/CNY | 6.4744 | 6.4764 | 6.4784 | 6.4696 | 6.4696 | 0.0041 | 05:18 |
| USD/KWD | 0.3004 | 0.3014 | 0.3007 | 0.3005 | 0.3007 | -0.0002 | 04:56 |
| GBP/USD |  1.3731 | 1.3732 | 1.3743 | 1.3707 | 1.3727 | 0.0004 | 05:22 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14387.0000 | 14417.0000 | 14422.0000 | 14363.0000 | 14405.0000 | -19.0000 | 05:21 |
Things in the News:
Nearly $5 TRILLION spending plans win key House vote...
LIST: TAX INCREASES...
Home prices hit new record highs...
Sticker shock...
STOCKS SOAR MORE...
Iraqi Articles:
The Minister of Planning discusses with the World Bank the mechanisms of economic reform in Iraq
Minister of Planning Khaled Battal Al-Najm discussed today, Wednesday, with the Director of the East Department at the World Bank, "Saroj Kumar Ja" and Ramzi Noman, representative of the World Bank in Iraq, a number of issues and files of common interest, including the discussion of the issue of climate change. What are the measures that can be taken in this regard?
The Minister of Planning said during the meeting that "the Iraqi government has taken a number of important decisions in this regard, including the trend towards using clean and renewable energy, and giving this matter exceptional attention."
The two parties also discussed Iraq's need for international support in reconstruction operations and addressing development gaps, by improving the investment environment, supporting the private sector, and achieving economic reform, according to what was included in the government reform plan (white paper) of comprehensive reform tracks and policies.
The government acknowledges that it is not possible to prepare a supplementary budget for the current fiscal year
Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, approved, on Wednesday, the inability to prepare a supplementary budget for the current fiscal year.
Saleh said, according to the official media: "I do not see that the fiscal year, which will enter its last quarter, encourages the production of a supplementary budget, in addition to the fact that parliamentary life is about to stop due to the legislative elections on the tenth of October, so how can such exceptional budgets be legislated with this the speed".
He added that "the government's appeal to some paragraphs of the Federal General Budget Law for the fiscal year 2021 is still before the Federal Court until this moment."
A government source identifies the reasons for the low exchange rate of the dollar in Iraq
A government source revealed, on Wednesday, that the decline in the dollar exchange rates will be limited, indicating that the price is affected by supply and demand.
The source said in an interview with Shafaq News Agency, "The gradual decline that the market is witnessing these days is limited and does not exceed the range of one dollar," noting that "the dollar's prices in the markets are currently affected by supply and demand."
The source, who asked not to be named, added that "the dollar has not been floated in Iraq, and therefore currency dealers and dealers cannot raise or lower dollar prices significantly in light of market stability and the Central Bank's continuing to sell the dollar through auction on a daily basis."
The source also indicated that "the most important factors that greatly affect the exchange rates of the dollar are the decisions that are taken regarding changing the exchange rate of the dollar, in addition to the security and political conditions, albeit in a limited way as well."
It is noteworthy that the price of the dollar against the Iraqi dinar gradually decreased during the current week to reach today on the main stock exchange 147,400 dinars per 100 dollars.
Al-Kazemi: The Baghdad conference is the culmination of Iraq's diplomatic efforts, and we have completed all the election requirements
Today, Tuesday, Prime Minister Mustafa Al-Kazemi confirmed that the Baghdad conference is a culmination of Iraq's diplomatic efforts, while noting that all requirements for holding the elections have been completed.
Al-Kazemi said in a government statement issued on the sidelines of today's cabinet session, that "the Baghdad conference will be the culmination of Iraq's diplomatic efforts, and an affirmation of the government's keenness to develop Iraq's foreign relations, which have reached a distinguished level, and the Iraqi government has been accepted at the international level ."
And he indicated that "the government has completed all the special requirements for holding the next elections and providing the means available for their success, stressing the government's determination to hold the elections on their scheduled date on the tenth of next October ."
CBI Update: Just a note:
including $7,470,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
including $7,470,000. CASH
ISX Update:
Shares Traded: not updated for today
Value Traded: not updated for today
8-25-2021 Intel Guru MarkZ [via PDK] ... a cool banking story...So this person called a JP Morgan office in Florida to specifically ask about the currencies. They took a message and then called him back...Long story short…They asked how much he had and told him he will be very pleased and to expect a call back from them early next week or late this week. I have had a number of those bank stories lately...A number of these calls happened the end of last week and beginning of this week and we are only at Tuesday now...I firmly believe in my heart of hearts we will get our reset soon...
8-24-2021 Newshound Guru Breitling Question: "Is there any truth to what I read that Iraq people are being educated to the change taking place in regarding the monetary system?" Yes, the future change they are. That's exactly what's happening. They're not talking about rates or anything like that but they're talking about how to participate in the economy more and what's going to happen when there's international trade...guys that only happens when they have their own currency and when there's value added to it...
8-24-2021 Intel Guru MarkZ [via PDK] I do have a DHS contact who said they believed it will happen no later than the Labor Day weekend which is right around the corner. I tend to think it will be earlier based on the chatter I am getting. I did touch base with one of my Iraqi contacts and they believe they will see their new rates there in the month of August before Sept. 1st. He works within the government so this is fantastic.
8-24-2021 Intel Guru Holly Tuesday RV Update: Where are we today, They are still moving through the higher levels and it is making its way to us. One thing I have learned on this journey is it is a very slow moving process. Until the flood gates open it will not happen fast. Patience is necessary as it works it way down to us. It could be this week or next week but the good news is it is moving and getting to us!
8-24-2021 Intel Guru Fleming Mr Fleming’s sources reported: Just heard that REDEMPTION CENTERS are seeing people to exchange only IQD [today Tue 24 Aug]. . .There are big exchanges going on right now, today [Tue 24 Aug], Dinar only, with Chase Bank. Friends and family going in now, to exchange, with Redemption Center in Grand Rapids, MI [and other redemption centers]. Recipients receive USN credit today [Tue 24 Aug], to convert to spendable [cash] tomorrow [Wed 25 Aug]... T4B’s turn is coming this week.
8-24-2021 Intel Guru Frank26 Article: "The International Development Bank buys more than 300 advanced ATMs from CBM" And there are thousands more coming...now! Quote: 'State-of-the-art'. They're all International Development Bank ready. Dear God that's article VIII. They don't need to tell you they're article VIII, they're demonstrating it.
8-24-2021 Intel Guru MarkZ [via PDK] This is shaping up to be an important week for all of us...My currency groups that had been hopes of a release in cash have been told it would be Tuesday or Wednesday of this week. So hopefully we will see something.
8-24-2021 Newshound Guru Pimpy What's going on over in Iraq is very good. There's a lot of good things happening. I'm excited to watch it. If they continue down the path that they're on I really do see the rate change happening whether it happens overnight or it happens in increments it doesn't make a difference...
8-24-2021 Newshound/Intel Gurus Walkingstick & Frank26 IMO the CBI and the supreme committees that they are meeting with, they're showing them the actual dinar. They need to know. The CBI...are the one that are showing it to the supreme committees. Who do you think this 'supreme committees' are? They represent all the banks in Iraq...two or three years ago specimens/samples were sent out in book form to all these banks...but right now in the meetings...they're using the actual currency...they are in sheet forms...they're stamped specimens. No one can use them. They are going to display them or they're going to show them to the customers of the banks...it is unknown when they will arrive at these banks to be displayed on their boards...
8-24-2021 Intel Guru MarkZ [via PDK] [Rumors out there of a dinar rate of $19.80.] I do not believe that is accurate… They have seen those high rates on bank screens…rates keep changing still…we have seen all kinds of things…but I do not think it is realistic. Could it be true? I guess it could be…. There is a video I have shared thousands of times from Dr. Shabibi…he says the country could support a dinar rate in the $20’s based on their assets.
8-24-2021 Intel Guru Fleming Our military intel contact said the codes were entered even though senior bankers at WF, Chase, BoA, etc will not know anything about it until the final lockdown of rates and protocols happens any moment going forward and until the bankers get the go from UST (& DoD) to start T4B this week...He said his info is THIS IS OUR WEEK, IT REALLY IS...DoD and UST are practically guaranteeing the start no later than next Tue 31 Aug...
8-24-2021 Intel Guru MarkZ [via PDK] I do have a DHS contact who said they believed it will happen no later than the Labor Day weekend which is right around the corner. I tend to think it will be earlier based on the chatter I am getting. I did touch base with one of my Iraqi contacts and they believe they will see their new rates there in the month of August before Sept. 1st. He works within the government so this is fantastic.
8-24-2021 Intel Guru Holly Tuesday RV Update: Where are we today, They are still moving through the higher levels and it is making its way to us. One thing I have learned on this journey is it is a very slow moving process. Until the flood gates open it will not happen fast. Patience is necessary as it works it way down to us. It could be this week or next week but the good news is it is moving and getting to us!
8-24-2021 Intel Guru Fleming Mr Fleming’s sources reported: Just heard that REDEMPTION CENTERS are seeing people to exchange only IQD [today Tue 24 Aug]. . .There are big exchanges going on right now, today [Tue 24 Aug], Dinar only, with Chase Bank. Friends and family going in now, to exchange, with Redemption Center in Grand Rapids, MI [and other redemption centers]. Recipients receive USN credit today [Tue 24 Aug], to convert to spendable [cash] tomorrow [Wed 25 Aug]... T4B’s turn is coming this week.
8-24-2021 Intel Guru Frank26 Article: "The International Development Bank buys more than 300 advanced ATMs from CBM" And there are thousands more coming...now! Quote: 'State-of-the-art'. They're all International Development Bank ready. Dear God that's article VIII. They don't need to tell you they're article VIII, they're demonstrating it.
8-24-2021 Intel Guru MarkZ [via PDK] This is shaping up to be an important week for all of us...My currency groups that had been hopes of a release in cash have been told it would be Tuesday or Wednesday of this week. So hopefully we will see something.
8-24-2021 Newshound Guru Pimpy What's going on over in Iraq is very good. There's a lot of good things happening. I'm excited to watch it. If they continue down the path that they're on I really do see the rate change happening whether it happens overnight or it happens in increments it doesn't make a difference...
8-24-2021 Newshound/Intel Gurus Walkingstick & Frank26 IMO the CBI and the supreme committees that they are meeting with, they're showing them the actual dinar. They need to know. The CBI...are the one that are showing it to the supreme committees. Who do you think this 'supreme committees' are? They represent all the banks in Iraq...two or three years ago specimens/samples were sent out in book form to all these banks...but right now in the meetings...they're using the actual currency...they are in sheet forms...they're stamped specimens. No one can use them. They are going to display them or they're going to show them to the customers of the banks...it is unknown when they will arrive at these banks to be displayed on their boards...
8-24-2021 Intel Guru MarkZ [via PDK] [Rumors out there of a dinar rate of $19.80.] I do not believe that is accurate… They have seen those high rates on bank screens…rates keep changing still…we have seen all kinds of things…but I do not think it is realistic. Could it be true? I guess it could be…. There is a video I have shared thousands of times from Dr. Shabibi…he says the country could support a dinar rate in the $20’s based on their assets.
8-24-2021 Intel Guru Fleming Our military intel contact said the codes were entered even though senior bankers at WF, Chase, BoA, etc will not know anything about it until the final lockdown of rates and protocols happens any moment going forward and until the bankers get the go from UST (& DoD) to start T4B this week...He said his info is THIS IS OUR WEEK, IT REALLY IS...DoD and UST are practically guaranteeing the start no later than next Tue 31 Aug...
Catnip's Corner:
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ARTICLE 1-A (from PM Kadhimi's website; posted only on Arabic side, not on English side)
ARTICLE 1-A (from PM Kadhimi's website; posted only on Arabic side, not on English side)
The Cabinet holds its thirty-second session under the chairmanship of the Prime Minister, Mr. Mustafa Al-Kazemi and issued a package of decisions
The Prime Minister Mustafa al-Kazemi on Tuesday, headed on Tuesday, during which developments were discussed in the country, discussing the subjects on the agenda and issuing a package of decisions on oil and electricity sectors.
The Prime Minister on the beginning of the meeting, presented the results of his recent visit to the State of Kuwait, which was successful, and many issues relating to the development of relations, and the development of the level of joint cooperation between the two countries, as well as the search for a number of outstanding files between the two sides, Which agreed to process multiple means.
Mr. Al-Kazemi confirmed that the country faces several challenges; Therefore, everyone must be joined and proceeding on reform; He is the only way to promote the country's reality and mitigate the suffering of citizens.
His sovereignty referred to the Baghdad conference, which will be crowning Iraq's diplomatic efforts, and confirms the government's keenness to develop Iraq's foreign relations, which reached a distinct level, and the Iraqi government has been accepted at the international level.
By sovereignty, the government had completed all special requirements for the establishment of upcoming elections and the provision of access to its success, stressing the government's determination to hold elections at the tenth date of October.
Mr. Al-Kazemi stressed the importance of developing the foundation for the establishment of the Fund of Generations, which aims to secure future future generations, and could be adopted by the Government within its economic reform policy; As a way to advance the Iraqi economy to serve the country's present and its future.
The session saw the review of the epidemiological report of the Corona Public Public Public Procedure in the Areas Prevention and Awareness Procedure, to reduce the spread of the virus, and the major efforts of the Ministry of Health, in the face of the pandemic, and to ensure the medical services of the injured, as well as their efforts in the provision of vaccines and urged Citizens take vaccine across vaccination ports.
After discussing the subjects on the agenda, the Council of Ministers issued a package of decisions:
The Council of Ministers, the recommendation of the Ministerial Council for Energy (109 of 2021), acknowledgments on the subject of BP and Petrojaya in the service contract for Rumaila / Basra Oil Company, as follows:
1. The exception of the provisions of Article (2) of the regime of branches of foreign companies (2 of 2017); For the new company (Basra Energy Limited), to start opening up branch in Iraq after history of the signing of the waiver.
2. Excluding this situation only from the provisions of Article (28) of the service contract for the Rumaila field; The restructuring of the Rumaila is not complete and the provisions of the mentioned article, as the new and its institutions (BP and Petrojaya) will be for administrative regulation.
The Council hosted the Undersecretary of the Ministry of Electricity, which provided an explanation of the country's electricity situation, which recently experienced an increase in production, which was reflected on the number of hours processing citizens of the electricity.
The Council of Ministers issued a number of decisions relating to the electricity sector:
First: Preparation of a bill, adjusting the name of the Ministry of Electricity to be (Ministry of Electricity and Renewable Energy) and referred to the House of Representatives.
Second: Approval of the recommendations of the consultative meeting, on the implementation of the decision of the Ministerial Council for Energy (59 of 2020) on the Ministry of Electricity Projects, and the Plan of Processing Processing, which is under the book of the Ministry of Electricity number (34341) of (August 9, 2021), taking into account attention The Secretariat of the Council of Ministers described under the number of legal department is numbered (MD / 2/1/8/351) of 18 August 20, 2021.
Third:
1. Approval of the establishment of a public company on behalf of (General Company for Electricity Distribution of Middle Eraland), with a capital of 1443392194689 dinars, only four and forty-three billion, three hundred and two, ninety million, 100, ninety-four and eighty-nine dinars.
2. The Ministry of Electricity shall take the procedures specified in Article (4) of the General Companies Law No. (22 of 1997).
Fourth: The decision of the Principles of Cooperation with the American (GE), set out in the book of the Ministry of Electricity (34028) of 8 August 20, 2021, according to the following axes:
The first axis: Complete the second phase of the multi-fifth annual maintenance program (PUP5).
The second axis: The proposal for an annual maintenance program for production units extends for five years.
Media Office for Prime Minister
24 - August 202
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ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side)
ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side)
The Council of Ministers shall take a statement on electricity decisions at its session, held under the chairmanship of the Prime Minister, Mr. Mustafa Al-Kazemi
At its twenty-second nursing meeting, held on Tuesday, headed by Prime Minister Mustafa al-Kazemi, a package of decisions relating to the development of electricity, after hosting the Undersecretary of the Ministry of Electricity.
The Council of Ministers voted to prepare a law, amending the name of the Ministry of Electricity to be (Ministry of Electricity and Renewable Energy) and referred to the House of Representatives.
The Board also approved the recommendations of the consultative meeting, on the implementation of the resolution of the Ministerial Council for Energy (59 of 2020), and the planning plan of network bottlenecks.
In addition to a set of courses that serve the production process of electricity, and raise the efficiency of distribution and production.
The Council agreed to establish a public company in the name of the General Company (General Company for Electricity Distribution), with a capital of 1443392194689 dinars, only forty-three billion, three and three million, ninety-meter, one hundred, ninety-four and eighty and eighty dinars, to take over the Ministry of Electricity Take the procedures specified in Article (4) of the General Companies Law No. (22 of 1997).
The Council acknowledged a memorandum of principles of cooperation with the American (GE), set out in the book of the Ministry of Electricity number (34028) of 8 August 2021, according to the following axes:
The first axis / completion of the second phase of the fifth annual maintenance program (PUP5).
The second axis / proposal for an annual maintenance program for production units extends for five years.
Media Office for Prime Minister
24 - August 2021
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ARTICLE 2 (from Government of Iraq twitter account)
8-24-2021 around 10:30 am Eastern
Watch this interview with the Director General of Railways, Talib Jawad, and learn more about the movement and schedules of round train trips Basra and the services provided by the company.
8-24-20221 around 4:40 pm Eastern
Cabinet Spokesman: The summit is the result of Iraq's diplomatic efforts, and the government’s regional role received international acceptance.
Cabinet spokesperson: Kuwait has confirmed its support for the summit to be held in Baghdad next Saturday
Cabinet spokesperson: The technical committees from Iraq and Kuwait are working on setting specific schedules for projects to be resumed between the two countries.
Cabinet Spokesperson: There is an intense diplomatic work in which Iraqi relations with the international community are witnessing an unprecedented excellence.
Spokesperson for the Council of Ministers: The Council approved the establishment of the Basra Energy Company.
Cabinet Spokesperson, the Minister of Culture @HassanNadhem, holds a press conference in Baghdad to brief the media on today’s Cabinet meeting and developments in Iraq.
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ARTICLE 3
Foreign Minister: Iraq is keen to find good relations with its neighborhood
2021-08-24 | 13:45
Today, Tuesday, Foreign Minister Fouad Hussein affirmed that Iraq is keen to find the highest levels of good relations with its neighboring countries.
The Foreign Ministry said in a statement, received by Alsumaria News, that Hussein "delivered a lecture at the building of the Russian Diplomatic Academy, and in the presence of a large number of Russian diplomatic elites, and students studying there, in which he touched on the most important prospects for cooperation between Iraq and Russia, stressing that Iraq has strong relations that extend For tens of years, bilateral cooperation between the two countries is moving towards continuous progress, pointing to the important role played by the Iraqi-Russian joint committee in developing this cooperation.
The Minister touched on introducing the Iraqi government's foreign policy approach, which is based on establishing equal diplomatic relations with all countries based on mutual respect, adding that Iraq is particularly keen on creating the highest levels of good relations with Iraq's neighboring countries, indicating that this matter has a great impact. on the internal situation in Iraq.
Regarding the Iraqi experience in combating terrorism and the great victory that the Iraqi people achieved through their various security forces over the terrorist organization ISIS, Hussein affirmed, "This experience represents great pride and pride for all Iraqis who stood side by side in confronting this terrorist organization and which sought to kill life in Iraq."
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ARTICLE 4
Iraq confirms the holding of the regional conference next Saturday
August 24, 2021
An Iraqi government spokesman announced, on Tuesday, that next Saturday will be the date of the regional conference to be held in Baghdad, with the participation of countries neighboring Iraq, a number of Arab countries, in addition to France, and a representative of the European Union and the United Nations, without revealing the level of representation of the countries that will participate. in the conference.
The government spokesman, Hassan Nazim, said in a press conference held in Baghdad on Tuesday afternoon, that the conference will be held on the twenty-eighth of this month, on Saturday, "representing the culmination of Iraq's diplomatic efforts, and the government was able to gain acceptance in the international scene."
He pointed out that the Iraqi government "has vigorous diplomatic work in which Iraqi relations with the international community are witnessing an unprecedented distinction," speaking of Kuwaiti support for Iraq in order to make the conference a success.
Nazim did not mention the level of representation of the countries that were invited or the main files that will be discussed, but the Iraqi Foreign Minister Fouad Hussein confirmed that the conference will be held on the twenty-eighth of this month, and that his country received "positive answers" from all the invited countries, including That's Russia.
Anticipation of a critical political meeting in Iraq regarding the early parliamentary elections
He pointed out in press statements, on Tuesday, that "the neighboring countries summit will be held next Saturday, and we have sent invitations to the five permanent members of the UN Security Council, including Russia, which will participate through its ambassador," adding: "As for Syria, the issue is controversial." It is not with us, as we have good relations and we have never severed our diplomatic relationship with Syria, and in fact we are the ones concerned in raising the issue of Syria in all fields, whether at the Arab or international levels, and the issue of Syria's return is controversial until now," noting that the issue of Syria is not It is on the conference agenda.
Iraqi preparations are still continuing to receive the participants in the regional conference, which will witness the participation of international parties.
An Iraqi government official said that the capital, Baghdad, began procedures for receiving delegations, pointing out, in an interview with Al-Araby Al-Jadeed, to the dissemination of the flags of the participating countries on the road linking Baghdad International Airport with the government's Green Zone, which will witness the activities of the conference.
He pointed to the deployment of additional security forces on the airport road, in the vicinity of the Green Zone, and near the areas where the guests of Iraq participating in the summit will be staying, explaining that the government employed all its capabilities for the success of the conference.
The Iraqi government spokesman had confirmed, earlier, that "important countries" would participate in the regional conference, speaking of the importance of regional countries reaching understandings that would reflect positively on the situation in Iraq.
And he indicated that "the Baghdad summit, scheduled to be held at the end of this month, will be attended by important and essential countries from the regional and other neighboring countries," adding that "the Baghdad summit is gaining important axes, the first of which is diplomacy and its impact in the region."
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ARTICLE 5
Which country is the least peaceful according to the Global Peace Index?
24-08-2021 | 18:03
The level of global peace declined last year by 0.07 percent, and this is the ninth decline in global peace levels during the past 13 years, with an improvement in 87 countries, and a decline in 73 countries. However, the change in levels is the second smallest change in the index's history.
According to (CNN), Iceland remains the most peaceful country in the world, a position it has occupied since 2008. New Zealand, Denmark, Portugal and Slovenia joined it at the top of the index.
Afghanistan is the least peaceful country in the world for the fourth year in a row, followed by Yemen, Syria, South Sudan and Iraq, and everyone, except for Yemen, has been ranked among the five least peaceful countries since at least 2015, where Afghanistan has been ranked among the three least peaceful countries since 2010 .
Three of the world's nine regions have become more peaceful over the past year. The greatest improvement occurred in the Middle East and North Africa region, followed by Europe and South Asia. However, the Middle East and North Africa region remains the least peaceful region in the world.
Qatar ranks 29th and Kuwait ranks 36th out of 50 countries. As for Yemen now, it is the least peaceful country in the Middle East and North Africa region, and ranked as Syria occupied since 2014. Yemen has recorded a deterioration in peace levels since 2008.
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