WOTS FRI SEP 10 21
No My FX Buddies Podcast today but there will be in the Special Saturday posting
The exchange rate of the dollar against the Iraqi dinar in Iraq today, Friday, September 10, 2021
Baghdad - Kifah Stock Exchange
147,400
The price in most Baghdad exchanges
buy
147,000
sell
147,750
Baghdad - Al-Harithiya Stock Exchange
147,450
Basra - Bursa
147,425
Erbil - Bursa
147,650
Sulaymaniyah - Bursa
147,625
Dohuk - Bursa
147,700
Mosul - Bursa
147,650
The Markets:
The Asian markets closed up NIK up by 1.25% HSI up by 1.47% SHANG by .27%
The UK markets are currently trading in the greenfrom .05% to .52%
Our futures are currently trading up DOW at 34941 up by .54% SNP at 4501.25 up by .40% NDX at 15607 up by .37%
Precious Metals:
Brent 72 WTI 69 Bitcoin: 46,339 10 yr yield: 1.32
Things in the News:
Iraqi Articles:
In numbers and details.. the 2022 budget and a precedent that did not happen before
link
The financial advisor to the Prime Minister, Mustafa Al-Kazemi, revealed the completion of the draft federal budget bill for 2022.
Mazhar Muhammad Salih said in a press statement, "The financial authority represented by the Federal Ministry of Finance is close to completing the preparation of the draft federal budget bill for 2022," noting that "the Strategic Budget Committee and through its meetings that were held in more than 24 meetings throughout the year, I have concluded that the spending ceiling in the 2022 budget will not exceed the spending ceiling in the 2021 budget, and if there is an increase, it is likely to be 10%.”
He added, "The only thing that has been updated in the 2022 budget, is that the price of a barrel of oil will be around $50 per barrel, as announced by the Minister of Finance, and there are non-oil revenues that are supposed to increase, and therefore the assumed deficit that was proven in the 2021 budget is up to 29 trillion dinars." It is expected that it will decrease to 18-20 trillion dinars, which will lead to a decrease in the deficit and an increase in revenues.”
He pointed out that "this budget could be legitimate if it was submitted to the Council of Ministers before the government entered the stage of conducting business, or Parliament suspended its work," noting that "according to the available information, the draft budget is prepared and will be submitted in the near future."
And he indicated that "the budget was dealt with with high impartiality and outside political disputes, and enjoys high transparency, and that it included applications of the reform white paper, especially with regard to diversifying non-oil sources, addressing waste and unnecessary expenditures, and directing expenditures correctly," he said.
Saleh added, however, that "the 2022 budget may be more balanced, stable, and open to investments more broadly than the 2021 budget, and its coming after Covid 19 also has accounts," noting that "it is certain that the endeavors to complete the draft budget are devoid of any political interests." On the grounds that it tends here and there, and one of its principles is social justice and the fair distribution of income as much as possible.
He stressed that "it was prepared without any political pressure, because the government is essentially independent by nature, and outside of political pressure, and I am confident that it was prepared with high professionalism outside of any political biases, and that the days will prove that," noting that "the share of the Kurdistan Region when assessed, It will be taken with high justice, realism, and harmony consistent with the national unity of Iraq."
And Finance Minister Ali Allawi had announced on August 26, today, Thursday, the completion of the preparation of the 2022 budget, and that it will be presented within 3 weeks in the Council of Ministers,” noting that “the price of a barrel of oil in the 2022 budget will be $50.”
It is noteworthy that the government specified in this budget In 2021, the price of a barrel of oil is based on $ 42 per barrel and an export rate of 3.25 million barrels per day, but Parliament calculated it at a price of up to $ 45, using the Iraqi currency in evaluating the price of a barrel instead of the dollar, which ended a major political debate about restoring government support to the value of the dinar. Iraq against the dollar.
With regard to the Kurdistan region, the budget obligated the region to pay at least 250 thousand barrels per day from the production of oil fields in the Kurdistan region to the Iraqi government for export, in return for paying the salaries of employees working in the Kurdistan region, and settling the related dues between the two sides, after being audited by the Financial Supervision Bureau.
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 September , 2021 total sales amount $ . FRIDAY
ISX Update:
www.isx-iq.net/
Shares Traded: not updated for today
Value Traded: not updated for today
9-10-2021 Intel Guru MarkZ [via PDK] Somebody sent me pictures of some of the lower denominations from Iraq…as small as the 50 dinar note…just not of the really small ones.
9-9-2021 Intel Guru Texas Snake [via PDK] Well, this morning I got a call from my banker…the main one I will be doing my exchange with, and he told me to have my phone charged and keep it close today. He was pretty insistent that sometime today he would be notified as to when he could expect our 800 numbers to be released. ...He was pretty sure that sometime between now and Sunday we would be notified with the 800 numbers or the link to get on the internet.
9-9-2021 Intel Guru MarkZ [via PDK] Things are really heating up…now we have to find out if they did indeed pull the trigger!!! ... we are hearing that Money is positioned and in place... Manage your expectations but hearing this chatter coming out of the banking centers this afternoon as they get notices and told to get a good nights sleep in expectation of “tomorrow”...All my bankers are ramped up with expectations of knowing within the next handful of hours or a day…it sure has been a busy exciting day.
9-9-2021 Intel Guru Frank26 Firefly Boots-on-the-ground TV report: FIREFLY: Finance Minister is on the news again and he's saying that the White Papers are here to fundamentally change the Iraqi economy and also said Iraq needs to float the dinar internationally on a global market and gain the true value of the dinar. He said it's time for Iraq to be a leader in the region and it has proved to these countries we have stability and the other countries realize this... FRANK: The fact that they're telling the citizens of Iraq means it'll be in print soon...
9-9-2021 Newshound Guru Pimpy Article: "The exchange rate will be fixed in the 2022 budget and there will be no change in it" Did they say what the rate was? Drum roll please. I don't think the rates in here. It's doesn't say what the rate is so there's going to be a lot of talk and speculation between now and before they reveal it to us I can guarantee that...So they told the news that the increase in the dollar exchange rate is an idea that has been discussed for years. The previous governments did not dare take the step because of the risk and controversy surrounding it...
9-9-2021 Newshound/Intel Guru Mnt Goat I am following the implementation of the white paper very closely as I believe this is what is going to get us to the bank.
9-9-2021 Newshound Guru Desert Advisor Chase and Wells Fargo do buy the Iraq dinar. I've verified that myself at my local branches. Apparently we would take our 25000 dinar, we'd go to the bank, the bank would give us, let's say just for example it's 1 to 1, they would give us $25,000 United States dollars credits or notes depending which you want. The Federal Reserve takes that 25,000 note and...they probably would destroy it but get credits with Iraq when it comes to their oil.
9-9-2021 Intel Guru Frank26 All the central banks in the world met on the last day of the Baghdad summit when they closed the doors to show this delegation that you are Article VIII and confirmed with the world's central banks IMO that a new exchange rate and a new currency for Iraq is about to be introduced...
9-9-2021 Intel Guru MarkZ [via PDK] My banking sources believe we will see it between the 10th and the 15th. This is Friday to mid week next week. I have not heard anything negative but I am disappointed that we are not already paid. There is very positive chatter out there…
9-9-2021 Newshound Guru Pimpy I really think we're in a great position. Seriously, if we could just be a little bit more patient. A lot of people have been waiting a long time. I get it. Right now we're seeing a lot of progress with Iraq like never before. Corruption has been dwindled down. We have a very transparent government there. Al-Kazemi seems to be well on his way of putting Iraq out there internationally. Building relationships with people. Keeping the country stable...Once they've rebuilt their economy and it starts to get stronger the currency will itself become stronger and will increase in value.
9-9-2021 Intel Guru Bruce [via WiserNow] This target is still moving... what we do know is...Iraq has an international rate – the currencies were off the screens Sunday and they came back...(Monday) – all the currencies came up that we’re interested in...we understand...the people that have seen them have commented to us that they would be really really good and we would be pleasantly surprised... I think we are very close... I do believe their intention is to let this go...I thought well before the 11th...we are looking good I believe...
9-9-2021 Intel Guru Fleming Wednesday RV Report: Our military intel contact is confirming Mr Fleming’s sources reporting...the official launch of the RV / GCR early this morning Wed 8 Sep; it had to be done THIS WEEK...Our guy’s info is that notifications are anticipated to come out by tomorrow Thu 9 Sep...working their way to us in T4B within 12-24 hours—watch and see. ...All rates are solid and no longer BLINKING. LOCKED IN.
Catnip's Corner:
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ARTICLE 1-A (from PM Kadhimi's website; posted only on Arabic side, not on English side)
Prime Minister Mustafa Al-Kazemi directs to increase the visas granted to visitors to Imam Hussein (peace be upon him)
Today, Thursday, Prime Minister Mustafa Al-Kazemi directed to double the number of visas granted to visitors from Islamic countries who want to visit Iraq, from the number that was previously approved due to the Corona pandemic and its Cairo circumstances, and to increase the number from (40) thousand visitors to (80) thousand visitors. .
This increase comes with the approaching of the fortieth visit of Imam Hussein bin Ali (peace be upon them); Because it represents a purely faithful religious spiritual atmosphere; And so that the largest possible number of honorable visitors can attend the funeral ceremony of the Master of Martyrs (peace be upon him), with all arrivals adhering to the conditions of vaccination, swab testing and other health obligations.
With God’s permission, and through adherence to health measures, the severity of the Corona pandemic will recede; To see our dear guests in the coming years from all countries, as they visit our beloved Iraq from all parts of the world, and they are assured of the danger of a pandemic.
Media Office of the Prime Minister
9 - September - 2021
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ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side)
Prime Minister Mustafa Al-Kadhimi receives a US military delegation headed by the Commander of the US Central Command
The Prime Minister and Commander in Chief of the Armed Forces, Mustafa Al-Kadhimi, received today, Thursday, a US military delegation headed by the Commander of the US Central Command, Lieutenant General Kenneth McKenzie, accompanied by the US Ambassador to Iraq Matthew Tueller.
During the meeting, the Prime Minister stressed the importance of concerted international efforts against the threat of terrorism and extremist takfiri ideology, which threaten the region and the entire world, adding that Iraq will remain proud of the victory it achieved against the most powerful terrorist organizations in the modern era.
Mr. Al-Kazemi indicated that the support, support and training that Iraq obtained from all of its brothers and friends were an essential element in achieving that victory, and in raising the level of the capabilities of the security forces in a way that enabled the government to move in its relationship with the international coalition, to the stage of ending combat missions.
For his part, General McKenzie praised the continuous growth of the capabilities and skills of the Iraqi security forces, and their ability to play combat roles against terrorism efficiently and courageously, with the task of the international coalition moving to advice, training and intelligence cooperation, and pointed out that the ceremony that took place today, and witnessed the handover of the leadership of the coalition to Major General John Brennan, succeeding Lieutenant General Paul Calvert, represented one step towards achieving this transition.
McKenzie stressed that reducing the level of the US military presence will not weaken the US commitment to the broader strategic relationship with Iraq, in the political, economic, cultural and other fields, as well as the security relationship, according to the outcomes of the strategic dialogue between the two countries.
During the meeting, it was agreed to hold a new meeting of the Iraqi Military Technical Committee and its American counterpart; In order to implement the remaining steps of the outcomes of the strategic dialogue, especially with regard to ending the presence of the American combat forces at the end of this year, after the reduction of the level of military representation of the coalition leadership was achieved; In line with the new non-combat phase of its role in Iraq.
Media Office of the Prime Minister
9 - September - 2021
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ARTICLE 2 (from Government of Iraq twitter account)
9-9-2021 around 11:15 am Eastern The annual government performance report published by the @IraqiGovt on the implementation of its programme includes details of what has been achieved in all sectors. The table below shows what has been achieved in the reconstruction and investment sector. *************
ARTICLE 3
A parliamentary proposal to speed up the resolution of the late corruption files in Iraq
08:00 - 09/09/2021
Baghdad - Mawazine News
Today, Thursday, the Parliamentary Integrity Committee submitted a proposal to resolve the late corruption files in the Integrity Commission, while it revealed the referral of files belonging to 3 government institutions.
A member of the Integrity Committee, Jawad al-Saadi, said, "There are a large number of corruption files in the Iraqi government departments since 2003 until now, which makes it difficult for the Integrity Commission alone to resolve it."
He added, "The Parliamentary Integrity Committee in the current fourth session received many corruption files that were in the possession of the Integrity Committee from the previous session, which it was unable to resolve and refer them to the concerned authorities, in addition to many corruption files that the Committee is currently working on," suggesting that "the The Parliamentary Integrity Committee is a special directorate within the Chamber of Representatives with staff and cadres of specialized auditors, accountants and jurists to expedite the resolution of overdue corruption files, investigate them, verify evidence and refer them to the Integrity Commission for decision.
And he, a member of the Parliamentary Committee, continued, "The committee has investigated corruption files belonging to the ministries of oil, industry, transport and a number of other ministries and independent bodies, including the General Federation of Agricultural Associations. All of these files were referred after completing the documents proving the existence of suspicions of corruption or accusations." Corruption is confirmed by evidence to the competent authorities, which are the Integrity and Public Prosecution Commission, as well as the Financial Supervision Bureau.
Al-Saadi stressed, "In the coming days, files related to the Ministry of Industry, specifically the Textile and Leather Company, as well as cement factories and scrap factory in Mosul, and many contracts of the Textile and Leather Company and some ministries will be completed, which have been referred to the judiciary and the Iraqi Cement Company as well, and secondly, files will be completed in the Ministry of Transport." It is related to Iraqi Airways, as well as there is a file for the Ministry of Youth and Sports."
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ARTICLE 4
News sources: The Iraqi Prime Minister will visit Tehran on Sunday
Baghdad, September 9, IRNA - Some media sources reported that Iraqi Prime Minister Mustafa Al-Kazemi will visit Tehran next Sunday.
The sources said that Mustafa Al-Kazemi will visit Tehran at the head of a large and high-level delegation.
This is the first visit by a foreign official at this level to Iran after Mr. Ibrahim Raisi took power in the country.
The Iraqi prime minister had previously announced that he would visit Tehran after the formation of the new Iranian government.
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ARTICLE 5
Unexpected benefits of corn ... prevent many diseases!
2021-09-09 | 06:11
A new study found that eating four tablespoons of corn oil a day lowers cholesterol levels in greater proportions than people who ate the same amount of coconut oil.
The study linked the anthocyanin pigments in purple corn with improved glucose uptake and increased insulin secretion, as well as activation of the free fatty acid receptor and glucokinase, which are associated with a lower risk of diabetes.
A healthy balance of gut bacteria is essential to maintain a healthy digestive system and to promote a healthy whole body, and corn helps maintain this balance through soluble corn fiber, which increases the amount of beneficial Bifidobacteria in the digestive system.
A study published in the European Journal of Nutrition confirmed that popcorn has a satiety index of 154%, compared to white bread that contains a satiety index of 100%. In addition, low-fat popcorn is more satiating than high-fat potato chips.
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