WOTS MON SEP 13 21
Al-Kazemi concludes his visit to IranNo My FX Buddies Podcast today
Baghdad - Stock Exchange of struggle
147,550
....
The price is in most Baghdad exchanges
Purchase
147,000
Sale
148,000
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Erbil - Bursa
147,650
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Basra - Bursa
147,500
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Sulaymaniyah - Bursa
147,700
The Markets:
The Asian markets closed mixed NIK up by .22% HSI down by 1.50% SHANG up by .33%
The UK markets are currently trading in the green from .57% to .92%
Our futures are currently trading in the green DOW at 34688 up by .57% SNP at 4472.50 up by .53% NDX at 15505.25 up by .46%
Precious Metals:
Gold is red at 1791 Silver is red at 23.72 Copper is red at 444 Platinum is red at 947
Brent 73 WTI 70 Bitcoin: 44,697 10 yr yield: 1.33
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1437.8000 |  1488.6000 | 1458.1000 | 1458.1000 | 1458.1000 | -0.4000 | 06:03 |
| USD/VND | 22759.0000 | 22762.0000 | 22740.3600 | 22735.8700 | 22735.8700 | 6.4300 | 22:43 |
| USD/CNY | 6.4540 | 6.4560 | 6.4548 | 6.4433 | 6.4433 | 0.0106 | 05:25 |
| USD/KWD | 0.3002 | 0.3012 | 0.3003 | 0.3003 | 0.3003 | 0.0000 | 05:11 |
| GBP/USD | 1.3823 | 1.3827 | 1.3845 | 1.3797 | 1.3843 | 0.0015 | 05:26 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 |  0.0000 | 00:00 |
| USD/IDR | 14262.0000 | 14262.0000 | 14280.0000 | 14235.0000 | 14253.0000 | 4.0000 | 05:22 |
Things in the News:
Everything Must Go! The American Car Dealership is for Sale...
Lab-Grown Mozzarella Gets New Funds for Global Cheese Expansion
Berlin-based startup Formo secures $50 million in funding
Companies are working on new generation of cheese alternatives
A startup that makes cultured mozzarella and ricotta cheeses without cows has just got record funding from investors looking to tap the growing market for environmentally friendly dairy alternatives.
China Tech Shares Slide on Latest Volley of Internet Curbs
Beijing made more moves to reshape private enterprise, including a report that it intends to break up Ant’s Alipay.
Members of Congress, Staff EXEMPT From Mandate...
President Joe Biden's new vaccine mandates for federal employees don't apply to members of Congress or those who work for Congress or the federal court system.
Iraqi Articles:
Oil prices rise as US supply fears dominate
Oil prices rose on Monday, amid concerns about US production in the wake of the damage caused by Hurricane Ida, which supported the market, along with expectations of higher demand.
Brent crude rose 33 cents, or 0.5%, to $ 73.25 a barrel, and US West Texas Intermediate crude rose 32 cents, or 0.5%, to $ 70.04 at 04:36 GMT, both markets were at their highest levels since September 3, earlier in the session. .
About three-quarters of offshore oil production in the US Gulf of Mexico, or about 1.4 million barrels per day, has been shut down since late August, roughly equal to that of OPEC member Nigeria.
While US refineries returned faster than oil production after Hurricane Ida, a reversal of the recovery from the last storm.
Besides the impact of Ida, market attention this week will focus on potential revisions to oil demand forecasts from the Organization of Petroleum Operating Countries (OPEC) and the International Energy Agency (IEA) as coronavirus cases continue to rise.
Markets still need clarification on the effects of the virus beyond the very near term and until we get there, it looks like most assets, including oil, may continue to drift sideways.
Supply risks also remain from China's planned release of oil from strategic reserves, while hopes for fresh talks on a broader nuclear deal between Iran and the West were raised after the United Nations' International Atomic Energy Agency reached an agreement with Iran on Sunday over a maintenance delay. Monitoring equipment to continue to operate
Members of the defense crowd demonstrate in front of the Green Zone gate to demand the payment of their overdue salaries
Hundreds of Defense Mobilization members demonstrated, on Monday, in front of the Green Zone gate, to demand the payment of their overdue salaries.
A security source said in an exclusive interview with "Mawazine News" that "hundreds of (the defense crowd) affiliated with the owners of the Ministry of Defense, organized a mass demonstration in front of the Green Zone gate in Jadiriyah, in the center of the capital, Baghdad, to demand the payment of their overdue salaries for several years."
The source added, "The area surrounding the place of the demonstration witnessed a great momentum and a massive influx of thousands of demonstrators from the Defense Mobilization and clan members towards the gates of the Green Zone, to demand their rights, amid strict security measures."
He pointed out that "the forces of order entered into a warning C, in anticipation of any security chaos that might occur near the Green Zone."
Adviser to the Prime Minister: The 2022 budget will face constitutional embarrassments
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, warned, on Monday, of "constitutional embarrassments" that he said would hinder the legislation of the federal budget law for the next year.
Saleh said in a press interview, "The submission of the 2022 budget bill is committed to constitutional timings, but the approaching date of early elections and the suspension of Parliament's work will stand in the way of passing the 2022 draft budget," suggesting that next year's draft budget will be presented to the Council of Ministers during the next period of the year. current.
He added, "The transformation of the government's work after the elections to a caretaker government will also be an obstacle to the 2022 budget."
He pointed out that if the draft budget reaches the current parliament, it will pave the way for the parliamentary session so that it is ready to vote
Al-Kazemi concludes his visit to Iran
Prime Minister Mustafa Al-Kazemi concluded today, Monday, his visit to the Islamic Republic of Iran.
The media office of the Prime Minister stated in a statement, "Al-Kazemi concluded his visit to the Islamic Republic of Iran and returned to the homeland."
Yesterday, Sunday, Prime Minister Mustafa Al-Kazemi, at the head of a large government delegation, headed to Iran on an official visit at the invitation of Iranian President Ibrahim Raisi.
CBI Update: Just a note:
including $58,240,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
including $58,240,000. CASH
ISX Update:
Shares Traded: not updated for today
Value Traded: not updated for today
9-13-2021 Intel Guru Frank26 You already saw it [the monetary reform information] in print and you're going to see it in print again and you'll see it again and again until they decide to show the new small category notes to the citizens and possibly at the same time show them the new exchange rate.
9-12-2021 Newshound Guru MilitiaMan Article: "The Central Bank participates in the first conference to activate the role of the business incubator" Here is another example of supporting evidence that going to a market economy is in full steam ahead...The re construction of a country is going to be massive and explosive going forward... I suspect in the coming months Iraq will be on everyone’s radar...Imo... Exciting times are here! Telling us they are evaluating the pricing of oil in Dinar is off the charts and the entrepreneurs in the room above would probably know what’s coming! They would from all the education out lately know the exchange rate is about to be sprung! Imo.
9-12-2021 Newshound Guru Desert Advisor A lot of stuff is possible. Article: "An Italian Artist Auctioned Off an 'invisible sculpture for $18,300" Quote: "It is a work that asks you to activate the power of the imagination." $18,000 this guy sold and invisible sculpture. Dogecoin, something that started out as a meme made a 10,000% return in less than a year. Gamestop has a 2500% rate of return in less than a year. To me anything is possible...the opportunity for Iraq and what they've been doing, the actions they've been taking, they look so strong. Very strong. They have international support...
9-12-2021 Intel Guru RayRen98 Saturday rates as seen on the bank screens and reported to us...Iraqi Dinar - $3.47 - $28.00; Vietnamese Dong - .60¢ - $12.00...More developments and updates are anticipated throughout the day/night...
9-12-2021 Newshound Guru Pimpy More and more Iraq is putting themselves out there on the international scene. When it comes to the dinar I just find it very hard to believe that that they're going to be able to keep it up with this rate once all these agreements start kicking into gear. Maybe [Guru] Kaperoni is right, maybe they'll do a LOP. We'll see but I don't think so...
9-12-2021 Intel Guru Frank26 Article: "Raising the price of the dollar against the dinar increases the suffering of the Iraqis" You think? So why did you do it? To draw in mattress dinars. To ward off speculators. That's why we did it but we're about to raise it. They are now admitting what they were denying. 'We would make an increase' is now what they are saying.
9-12-2021 Intel Guru MarkZ [via PDK] [Any news on the dong rate?] I still think we will see a low $2 rate...
9-12-2021 Newshound Guru Desert Advisor A lot of stuff is possible. Article: "An Italian Artist Auctioned Off an 'invisible sculpture for $18,300" Quote: "It is a work that asks you to activate the power of the imagination." $18,000 this guy sold and invisible sculpture. Dogecoin, something that started out as a meme made a 10,000% return in less than a year. Gamestop has a 2500% rate of return in less than a year. To me anything is possible...the opportunity for Iraq and what they've been doing, the actions they've been taking, they look so strong. Very strong. They have international support...
9-12-2021 Intel Guru RayRen98 Saturday rates as seen on the bank screens and reported to us...Iraqi Dinar - $3.47 - $28.00; Vietnamese Dong - .60¢ - $12.00...More developments and updates are anticipated throughout the day/night...
9-12-2021 Newshound Guru Pimpy More and more Iraq is putting themselves out there on the international scene. When it comes to the dinar I just find it very hard to believe that that they're going to be able to keep it up with this rate once all these agreements start kicking into gear. Maybe [Guru] Kaperoni is right, maybe they'll do a LOP. We'll see but I don't think so...
9-12-2021 Intel Guru Frank26 Article: "Raising the price of the dollar against the dinar increases the suffering of the Iraqis" You think? So why did you do it? To draw in mattress dinars. To ward off speculators. That's why we did it but we're about to raise it. They are now admitting what they were denying. 'We would make an increase' is now what they are saying.
9-12-2021 Intel Guru MarkZ [via PDK] [Any news on the dong rate?] I still think we will see a low $2 rate...
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-Kadhimi meets with the Speaker of the Iranian Shura Council, Muhammad Baqir Qalibaf
Today, Sunday, Prime Minister Mustafa Al-Kazemi met with the Speaker of the Iranian Shura Council, Muhammad Baqir Qalibaf, as part of his current official visit to the Islamic Republic of Iran.
The meeting, which was held at the Iranian Shura Council headquarters, discussed bilateral relations between the two friendly countries, and ways to develop joint cooperation in various fields.
During the meeting, Mr. Al-Kazemi stressed Iraq's quest to consolidate relations of cooperation and sustainable partnership with Iran, as well as openness to strengthening economic cooperation and interdependence in various fields, in a way that enhances the stability of the region and the communication of its peoples.
During the meeting, they discussed regional and international files of common interest and bilateral coordination, in a manner that secures further consolidation of security and stability, and opened the way for sustainable development for the benefit of the Iraqi and Iranian peoples and other peoples of the region.
Media Office of the Prime Minister
12 - 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 meets with the First Vice President of the Islamic Republic of Iran
Today, Sunday, Prime Minister Mustafa Al-Kadhimi met with the First Vice President of the Islamic Republic of Iran, Mr. Muhammad Mokhber, as part of his current official visit to Iran.
During the meeting, they discussed bilateral relations between the two countries, developing joint cooperation at various levels, and deliberating on a number of regional and international issues of common interest.
The Prime Minister pointed out the importance of developing bilateral cooperation between Baghdad and Tehran; To include broader areas, and in a manner that enhances the interests of the peoples of the two countries.
For his part, the Iranian First Vice President, Muhammad Mokhber, praised Mr. Al-Kazemi's steps in the political and economic fields, and praised his sovereignty's efforts in establishing the Baghdad Conference for Cooperation and Partnership, and his diplomatic efforts within the framework of calm and enhancing stability in the region.
Media Office of the Prime Minister
12 - September - 2021
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ARTICLE 1-C (from PM Kadhimi's website; posted only on Arabic side, not on English side)
Prime Minister Mustafa Al-Kadhimi and the Iranian President chair the expanded meeting between the Iraqi and Iranian delegations
Prime Minister Mustafa Al-Kadhimi and the President of the Islamic Republic of Iran, Ibrahim Raisi, chaired the expanded meeting between the Iraqi and Iranian delegations, which was held today, Sunday, in the Iranian capital, Tehran.
At the beginning of the meeting, Mr. Al-Kazemi renewed his congratulations to Mr. Raisi in assuming his duties, and to his government, wishes for payment and success. His Excellency affirmed that the renewal of his visit to Iran shows the importance that Iraq attaches to strengthening cooperation between the two countries, and its aspiration to consolidate bilateral partnership.
His Excellency made it clear that a number of strong ties and relations in various fields unite Iraq with its neighbor Iran, and that there is a desire to expand trade and economic exchange and all aspects of inter-partnership.
During the meeting, the Prime Minister indicated that Iraq is seeking to take important steps regarding financial commitments to Iran, and the Shatt al-Arab dredging operations.
His Excellency also revealed Iraq's intention to take a decision to lift the condition of obtaining entry visas in advance for Iranian visitors coming through airports, after the ceremonies to commemorate the fortieth anniversary of Imam Hussein (peace be upon him), and indicated that the Iraqi government agencies are making every effort to make this occasion a success and facilitation for Participants coming from all Islamic countries.
For his part, the Iranian President, Mr. Ibrahim Raisi, praised the step of the Prime Minister, Mr. Mustafa Al-Kazemi, in facilitating the entry of Iranian visitors participating in the commemoration of the fortieth anniversary of Imam Hussein (peace be upon him), as well as the bilateral efforts made to accelerate the rail link between the two countries.
Mr. Raisi affirmed his government's desire to strengthen economic and trade relations with Iraq, which places this endeavor among its priorities, recalling that the Islamic Republic of Iran believes that a strong and capable Iraq will serve the region, as well as the positive relations between the two countries.
Media Office of the Prime Minister
12 - September - 2021
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ARTICLE 1-D (from PM Kadhimi's website; posted only on Arabic side, not on English side)
An official reception ceremony for Prime Minister Mustafa Al-Kazemi in the Islamic Republic of Iran
This Sunday morning, an official reception ceremony was held at the International Conferences Palace in the Iranian capital, Tehran, for the Prime Minister, Mr. Mustafa Al-Kazemi, by the President of the Islamic Republic of Iran, Mr. Ibrahim Raisi.
The reception ceremony witnessed the playing of the national anthems of Iraq and the Islamic Republic of Iran, then the guard of honor was displayed.
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ARTICLE 1-E (from PM Kadhimi's website; posted only on Arabic side, not on English side)
Prime Minister Mustafa Al-Kadhimi begins an official visit to the Islamic Republic of Iran
Today, Sunday, Prime Minister Mustafa Al-Kazemi left the homeland, heading to the Islamic Republic of Iran on an official visit at the invitation of Iranian President Ibrahim Raisi.
In a statement before departure, His Excellency said that the visit aims to strengthen bilateral relations, open up prospects for cooperation in various fields, and focus on the depth of the relationship between the two friendly countries.
Mr. Al-Kazemi added that Iraq succeeded in playing a pivotal role in the region by strengthening the strategic partnership in accordance with the principles of supporting stability, cooperation, and friendship; In order to consolidate the foundations of peace and prosperity.
During the visit, the Prime Minister will meet with a number of Iranian leaders, and the visit will witness the discussion of files of common interest, and the consolidation of efforts to spread sustainable development; In the interest of the Iraqi and Iranian peoples,
As well as discussing bilateral coordination with regard to positions on regional and international issues, and strengthening the region's security and stability.
Media Office of the Prime Minister
12 - September - 2021
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ARTICLE 2 (from Government of Iraq twitter account)
9-12-2021 around 8:30 am Eastern
PM @MAKadhimi meets the Iranian President Ibrahim Raisi, upon his arrival in the Islamic Republic of Iran during his official visit aims to strengthen bilateral relations and open up prospects for cooperation between the two countries in several fields.
9-12-2021 around 12:30 pm Eastern
The Prime Minister indicated that many strong ties and relations in various fields unite Iraq with its neighbor Iran, as well as a desire to expand trade and economic exchange and all aspects of inter-partnership
PM @MAKadhimi and the President of the Islamic Republic of Iran, Ibrahim Raisi, presided in Tehran an expanded meeting between the Iraqi and Iranian delegations.
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ARTICLE 3
Parties reveal new political alliances likely to win the post of prime minister after the elections
12/09/2021 17:45
Baghdad / Obelisk: A member of the General Authority of the National Wisdom Movement, Fahd al-Jubouri, said on Sunday, September 12, 2021, that the approach and project of the National State Forces Alliance, it is not possible to ally after the elections with political forces that own an armed faction, noting that Haider al-Abadi and Mustafa al-Kazemi have a chance. to take over as the next prime minister.
Al-Jubouri said in a statement to the Rudaw network, which was followed by "The Obelisk", that the Wisdom Alliance is the largest allied political force in the National State Forces Alliance, which consists of four political forces.
He added that the most prominent allied parties are the Al-Hikma Movement, the Al-Tidd Al-Sharani Party, one of the emerging parties, the National Conference, and Al-Nasr.
Al-Jubouri described the coalition of state forces as an egg in the formation of the next government, noting that this coalition brings together candidates from all Iraqi components from the governorates of Anbar, Nineveh, Salah al-Din and the rest of the Iraqi governorates, and therefore it is not an alliance under the name of a component, it is a national alliance.
Al-Jubouri expressed his belief that Haider Al-Abadi and Mustafa Al-Kazemi have the chances that one of them will assume the position of prime minister in the next government.
Early parliamentary elections are scheduled to be held in Iraq, on October 10, 2021, where the voting process will take place in 1,079 centers throughout Iraq and the Kurdistan region.
It is noteworthy that the Independent High Electoral Commission indicated that the number of those entitled to participate and vote in the upcoming Iraqi parliamentary elections is 24 million and 29 thousand and 927 people.
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ARTICLE 4
Al-Kazemi’s advisor reveals the developments in preparing the 2022 draft budget
Sunday, September 12, 2021 3:03 PM
Special / National News Center
Today, Sunday, Adviser to the Prime Minister, Mazhar Muhammad Salih, revealed the latest developments regarding the preparation of the country's draft general budget law for the year 2022, while pointing to automatic tendencies towards borrowing.
Saleh told the "National News Center" website, "The stages of preparing the country's draft general budget law for the year 2022 are nearing completion."
And he indicated that "the 2022 budget law will not be much different from the current year's 2021 budget, except in total spending, which may rise by 10%."
He added that "there is a financial deficit in the draft budget 2022, but it did not exceed 50% of the hypothetical deficit in the 2021 budget," attributing the reason to "the high price of a barrel of oil in global markets, and its inclusion in the 2022 budget at $50 per barrel instead of $45." “.
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ARTICLE 5
Memorandums of understanding and international agreements.. That is why Al-Kazemi's visit to Iran is important for both countries
2021-09-12 12:45
Shafaq News / The Foreign Relations Committee of the Iraqi Parliament revealed, on Sunday, the reason for Prime Minister Mustafa Al-Kazemi's visit to Iran, while noting that the visit came to activate memoranda of understanding agreed upon during the Baghdad Conference for Cooperation and Partnership, which was held late last month.
Committee member Amer Al-Fayez told Shafaq News, "The visit of Prime Minister Mustafa Al-Kazemi at the head of a high-ranking Iraqi delegation to Iran at this time is of importance to the two countries, and it also came to complement the previous visits of Iraqi and Iranian officials."
Al-Fayez added, "The visit will witness the activation of many memoranda of understanding and international agreements between Baghdad and Tehran, on top of which is the file of water, energy, economy, trade exchange and securing the borders between the two countries."
He pointed out that the visit also comes to "activate the memorandums of understanding recently signed between the two countries during the Baghdad Conference for Cooperation and Partnership", as well as to "confirm the security of bilateral relations between Baghdad and Tehran in all political, economic and commercial fields."
On the morning of Sunday, September 12, 2021, the Iraqi Prime Minister, Mustafa Al-Kazemi, arrived in Tehran for the second visit during his assumption of the position, and the first since the new Iranian President Ibrahim Raisi took office.
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