WOTS TUE SEP 28 21
Alia Nassif calls for a reduction in the dollar exchange rate after the price of a barrel of oil exceeded eighty dollars
No My FX Buddies Podcast today.
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1436.7000 |  1488.0000 | 1458.3000 | 1458.2000 | 1458.3000 | 0.3000 | 13:42 |
| USD/VND | 22761.0000 | 22763.0000 | 22760.0300 | 22750.4400 | 22750.4400 | 10.7900 | 05:13 |
| USD/CNY | 6.4587 | 6.4607 | 6.4585 | 6.4516 | 6.4561 | 0.0024 | 05:29 |
| USD/KWD | 0.3009 | 0.3019 | 0.3008 | 0.3008 | 0.3008 | 0.0000 | 04:54 |
| GBP/USD |  1.3622 | 1.3623 | 1.3716 | 1.3620 | 1.3696 | -0.0075 | 05:29 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14293.0000 | 14299.0000 | 14295.0000 | 14238.0000 | 14241.0000 | 52.0000 | 05:26 |
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For the first time since 2018, oil rises to $80 a barrel
Brent crude rose 0.8 percent in Asian morning trading to $80.19, its highest level since October 2018, according to "AFP".
West Texas Intermediate crude also rose 0.9 percent to $76.07.
Global supplies are tight due to the rapid recovery in fuel demand from the Delta outbreak and Hurricane Ida's damage to US production.
Members of the Organization of the Petroleum Exporting Countries (OPEC) and their allies, the group known as "OPEC +", are facing difficulties in increasing production as the lack of investment continues or maintenance work is delayed due to the pandemic.
Saleh: Iraq is the common denominator of interests between Iran, Arabs and Turks
The Iraqi President, Barham Salih, expressed, on Tuesday, September 20, 2021, his hope for the return of diplomatic relations between the Saudis and the Iranians, noting that Iraq could be the common .denominator of interests between the various actors, between the Iranians, Arabs and Turks
Asked if he thought the Saudis and Iranians might restore ties diplomatically, Saleh answered in an interview with ".CNN: "We hope so, and there are obviously obstacles along the way, but we hope this happens before too long
And he added: In the end, we are neighbors and we need to talk even if we have differences, and it is better to talk about the differences and manage them instead of staying in a state of interruption, pointing out that this is .not good for the region
He continued: I am optimistic..I am more optimistic than I have been for a long time that this dynamic is changing, and in the end, going back to the Afghan situation and the lessons learned, we the people of this part .of the world, and we also have to look for solutions based on our interest
And he resumed saying: In the case of Iraq, we were a field for the conflict of the actors, and the regional agents .who fought on Iraqi soil with Iraqi resources and Iraqi life..
We hope to change this dynamic And he concluded his speech by saying: Iraq can be the common denominator of interests between different actors, between Iranians, Arabs and Turks, and for us, instead of wasting our resources because of the conflict, .we should build infrastructure, railways, gas pipelines, trade routes and work with it
Adviser to the Prime Minister announces the details of the Chinese loan and the projects funded by it
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Adviser to the Prime Minister, Mazhar Muhammad Salih, announced, on Tuesday, the details of the Chinese loan and the projects funded by it, while noting that discussions are continuing to determine the priorities of the projects covered by the loan.
Saleh said in an interview with the Iraqi News Agency, and followed by "Economy News", that "the cooperation framework agreement between Iraq and China has become effective, and took its first course through the legislation of the General Budget Law for the year 2021, when an amount of more than one trillion dinars was approved, implemented through The Chinese loan is guaranteed by the Chinese Agency for Credit and Export Guarantee (Sinosure), noting that “there are important technological projects in the field of industry and motivating the wheels of the economy that will be financed from the aforementioned allocation contained in the budget law in order to improve its productive efficiency, which means a signal to start the work of the cooperation framework agreement between the two countries ".
He added that "work is still going on to determine the priorities of projects that Chinese government companies can promote in the form of direct implementation contracts in accordance with the best international practices in contracting, and they are financed from the proceeds from the sale of Iraqi oil to the People's Republic of China."
He stressed that "the aforementioned agreement with China provided for allocating revenues of 3 million barrels of oil per month for the implementation of projects by Chinese companies at the request and selection of the Iraqi side in accordance with international standards," noting that "work is underway between consultants and experts in the state apparatus to prioritize projects with prejudice and priority." The first direct impact on the life of the citizen and human development in Iraq
Alia Nassif calls for a reduction in the dollar exchange rate after the price of a barrel of oil exceeded eighty dollars
Representative Alia Nassif called on the Ministry of Finance to reduce the exchange rate of the dollar after the price of a barrel of oil exceeded eighty dollars, indicating that it is not fair for the poor to pay the price of economic crises, whether they are caused by corruption or the lack of appropriate plans to deal with crises.
And she said in a statement today: "The price of a barrel of oil has exceeded eighty dollars, while the dollar exchange rate is still burdening the Iraqi citizen who pays the price of financial corruption and the absence of appropriate plans to confront economic crises such as the crisis of the previous drop in oil prices and the country's dependence on oil revenues only," indicating: "The working class is the most affected by the rise in the exchange rate of the dollar, because its purchasing power has become unable to cope with the rise in the prices of food commodities and basic materials."
Nassif stressed "the need for the Ministry of Finance to reduce the exchange rate of the dollar against the dinar and return it as it was in the past, because there is no need to continue with the high exchange rate and to avoid its negative repercussions on all groups of the people."
Today, Tuesday, the price of Brent crude jumped above $ 80 for the first time in nearly three years, amid expectations of rising demand and concerns about supplies as the world slowly emerged from the epidemic crisis.
Brent crude rose 0.8 percent in Asian morning trading to $80.19, its highest level since October 2018, according to "AFP".
West Texas Intermediate crude also rose 0.9 percent to $ 76.07.
CBI Update: Just a note:
including $0. CASH
ISX Update: CLOSED TODAYShares Traded: not updated for todayValue Traded: not updated for today
9-27-2021 Newshound Guru Pimpy Let's listen to the man himself, Dr. Shabibi. Listen to what Dr. Shabibi says about the exchange rate. Conference Question a few years back: "...How far do you believe that we are from a potential revaluation?" SHABIBI: "Well even if I know the answer I cannot tell you." When people say, 'Well my inside person told me.' No they didn't. This is Dr. Shabibi...I told you to understand in some countries leaking this kind of information is the death penalty. No person in the right mind is going to tell you the date or the rate. It's against the law. That's like having insider trader information...he's very careful with his wording...he can't let anybody at all know one way or another anything about a date or rate.
9-27-2021 Newshound Guru BobTheTaxMan Gifting assignment [estate planning] - You can use them for the IQD, you can use them for crypto. They need to be done before the RV. When is that coming? ...Friday at 3 o'clock? I don't know when it's going to happen but I tell you this much it's getting closer instead of further away. You got to get them done before then. You can use the same documents for IQD or cryptos. Get those things done...They're unlimited. You can make a gazillion of these things. I tell people you can do it in the middle of the night in your underwear. It doesn't make any difference. You can make all those that you want...
9-27-2021 Newshound/Intel RVAlready [Read an article that the Iraqis will start to sell government bonds with 6%-7% rates for two years. Now tell me, would they sell bonds at a program rate for such a long period of 2 years?] ...the construction bonds in Iraq are great news!!! RV next, I hope!!!
9-27-2021 Intel Guru MarkZ [via PDK] ...over the weekend Iraq announced they are selling government bonds…Why is this important?...Why does this matter?...Well, ..this is what also happened in Kuwait right before the new rates released…literally the week before they announced their RV they announced they were going to start selling bonds to repair their infrastructure and all of those things…and then BAM…we got a reset there on their currency…this is why that is important...there is great expectation in Iraq right now because of this. They are hoping to see the new rate midweek this week.
9-27-2021 Newshound Guru Breitling One of two things. Iraq is going to add value to the currency or if things go sideways and Iran influence Iraq's markets where they start going negative, we're [The U.S.] going to de- dollarize Iraq - they're going to add value their currency and you better exchange as quickly as possible...the water's still muddy right now...you have 2 options and they're going to add value to the currency. One, you probably get to stay in a little longer. The other one you need to get out as quick as possible when they start adding value to it...
9-27-2021 Intel Guru Bluwolf No matter what is said and done, this RV is a done deal. It has happened and it shall be distributed. You will receive your 800 # and you will exchange your currencies to the highest rates PERIOD...
9-27-2021 Intel Guru Bruce [via WiserNow] ...it’s hard to imagine in a way that this is about over – but I believe with the intel that I have ...I believe this should do it...we have people in Iraq that we talk to...and this blew my mind...to find this out...that Iraq had finally been released from the sanctions that the Central Bank of Iraq was under...they were still under sanctions as a result were not allowed to trade their currency openly UNTIL [last week]...
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