WOTS THU OCT 28 21
To gain investor confidence
There's no My FX Buddies Podcast today
Publishes the dollar exchange rates on the local stock exchange on Wednesday, (October 27, 2021), according to the monitoring of specialists.
Baghdad - the stock exchange
147,650
....
The price in most Baghdad exchanges
Purchase
147,250
Sale
148,000
————————
Basra - Bursa
147,700
————————
Erbil - Bursa
147,500
————————
Sulaymaniyah - Bursa
147,600
———————
Mosul - Bursa
147,500
The Markets:
Precious Metals:
Brent 83 WTI 81 Bitcoin: 61,132 10 yr yield: 1.55
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1433.4000 |  1485.1000 | 1459.7000 | 1459.6000 | 1459.7000 | 2.6000 | 14:48 |
| USD/VND | 22750.0000 | 22760.0000 | 22754.5300 | 22754.4400 | 22754.4900 | 0.0500 | 00:26 |
| USD/CNY | 6.3969 | 6.3989 | 6.4036 | 6.3913 | 6.3916 | 0.0054 | 05:30 |
| USD/KWD |  0.3012 | 0.3022 | 0.3013 | 0.3012 | 0.3013 | -0.0001 | 05:10 |
| GBP/USD | 1.3757 | 1.3758 | 1.3773 | 1.3722 | 1.3738 | 0.0019 | 05:31 |
| USD/IRR | 41995.0000 | 42495.0000 | 42229.4000 | 42212.6000 | 42229.4000 | 14.6000 | 00:00 |
| USD/IDR | 14204.0000 | 14204.0000 | 14231.0000 | 14181.0000 | 14217.0000 | -15.0000 | 05:31 |
Things in the News:
Iraqi Articles:
The Sadrist movement reveals a trend regarding the dollar exchange rate
The Sadrist movement, led by Muqtada al-Sadr, confirmed today, Thursday, its quest during the next stage to change the exchange rate of the dollar against the Iraqi dinar.
The leader of the movement, Riyadh Al-Masoudi, said, in a statement that followed (Al-Oula News), that "the Sadrist movement will work through the Sadrist Parliamentary bloc as well as the new Iraqi government to change the exchange rate of the dollar against the Iraqi dinar, as raising the exchange rate has a great impact on citizens, especially those with limited incomes. The fact that this rise affected the rise in food prices and other things in the Iraqi markets.”
And he indicated that “the rise in oil prices in the global market will be a guarantee of providing financial abundance, instead of resorting to raising the exchange rate of the dollar, this is the economic solution, which Mustafa Al-Kazemi’s government worked on,” adding: “We will work to find other solutions other than him in a way that does not harm.” The Iraqi people, we are with the people in their aspirations and we will do everything that is in the interest of the people economically.
To gain investor confidence
It is not possible for any foreign or local investor to put his money into projects in Iraq without securing the entry of that money into profitable businesses, stable atmosphere and ideal conditions for work in all respects. A market economy, which requires specialized national legislation and programs and systematic work systems in harmony with the philosophy of the free economy, which requires strong foundations to enable local or foreign investors to work comfortably and safely.
The foundation of reform and the basics of development and growth, which the Iraqis seek for their country, depend on changing the old patterns of the Iraqi economy, with modern methods, formations and laws, that will advance the development process in an accelerating and unzigzag manner, and abolish all concepts of closing in front of the economic developments taking place today, and not to be relegated to the bottom of ideas The obsolete that has disrupted many national projects aimed at promoting promising national development plans, especially those related to attracting investments from international or local companies specialized in various fields for a while now. short.
Liberalizing investment in the environment of the national economy and pushing it forward also requires the development of all levels, which are related to it, the most important of which is the removal of the distorted image that has been attached to the investment environment in Iraq, and on the basis of which the negative ideas of investors at home and abroad have deepened, and Iraq is considered a repulsive environment and unfit for it, and in a way Objectively, it must be said that there are factors that led to this undesirable view, including the confusion in managing files related to the implementation of large projects and the emergence of more than one sectoral party willing to manage them to a point where it is difficult for the investor to deal with this problem, and entering into the implementation of projects, which weakens confidence and reduces his chances of success at work out.
The process of implementing projects with the investing agencies also requires removing financial complications and contributing to accelerating the implementation of projects in the production and service sectors, the need to provide them with an atmosphere of security, and the adoption of the principle of benefiting from modern technologies for the investing companies, as well as the importance of government agencies realizing that entering into investment projects will provide many opportunities Work and advanced training courses for workers in any sector that can be invested in, and by relying on modern technologies in the field of business, and here an issue arises
It is inevitable to emphasize it, which is the need to notify the investor of the chances of success and profits that come through his entry into the implementation of projects in Iraq. It fits the picture of development in a world Today.
CBI Update: Just a note:
The Central Bank of Iraq instructs banks to include cleaners with soft loans
link
The Central Bank of Iraq directed banks that are authorized to grant soft loans to contract employees (cleaners) who are covered by Resolution (315) of 2019, within the instructions for granting soft personal loans to state employees.
And the amount of the loan was previously set at fifteen million dinars, with the submission of a sponsor of an employee whose salary is in one of the authorized banks, and that he has a service of no less than (2) years in one of the municipality’s departments and continues to serve.
Central Bank of Iraq
Media Office
October 28, 2021
including $31,240,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
including $31,240,000. CASH
ISX Update:
Shares Traded: not updated for today
Value Traded: not updated for today
10-27-2021 Newshound Guru Kaperoni Building an economy / private sector improves Iraq's economy in all phases...manufacturing, tourism, agriculture etc. That kind of success growth then would warrant the value of the dinar to gradually appreciate...Having the dinar rise in value is the result of that success. There is no shortcut that is good. [Post 2 of 2]
10-27-2021 Newshound Guru Kaperoni I often tell people we need to be patient with Iraq because the most important thing is for them to build a private sector economy. If they do not succeed they will have no choice but then Redenomination the dinar (LOP) notes. Which is not what we want to see. Despite the frequent nonsense...about deleting three zeros as something that is good. What the Iraqi government is talking about is not. It is a neutral event that does not provide any significant gain to the Iraqi dinar. [Post 1 of 2....stay tuned]
10-27-2021 Newshound Guru Militiaman My understanding is, that success story was not the only story to be successful...The communication system will require the cross border payments to be transparent, fast and secure. And it is. So, now we just have to watch and see how long they can last without 1,000 - 10,000k notes, let alone 25k notes. Fairly sure they told us they have been paying citizens electronically and as recent as this past week, so if everyone that gets electronic payments now will be ready for the switch over to having less cash on hand. I'll be looking to have a little more...lol [Post 2 of 2]
10-27-2021 Newshound Guru Militiaman There is reason to be excited! ...The evidence is quite clear they have every intention to be digitized, down to their currency. It is no secret anymore that the world is going to be operating at a far more advance pace...So, what can we expect going forward? Global inter-connectivity. We have been told by the CBI / AMF that they have successfully cleared the Euro with the Jordanian Dinar (JOD). [Post 1 of 2....stay tuned]
10-27-2021 Intel Guru MarkZ [via PDK] ...late last night I thought there was an excellent chance that I would be starting this...with the golden egg shirt...There is a lot of pressure not to talk a lot at this time amongst many of us…So details will be getting a bit thin from now on. I am very encouraged that things are moving forward right now...
10-27-2021 Newshound Guru Pimpy Article quote: "Salih told Shafaq News there are two types of digital currency, one of which is called cryptocurrency,' noting that 'it is a system outside the control of central banks and financial markets, and it is traded through its subscribers and founders, so that there is a commodity exchange and coverage of transactions outside the control of international finical supervision.' " Don't you love it? Of course. That means a currency for the people by the people. That is cryptocurrencies. He's telling you it's outside of their control. They can't control it. [Post 2 of 2]
10-27-2021 Newshound Guru Pimpy Now this is interesting. Listen to this because this should tell you what you need to know about cryptocurrencies and the great reset... Article: "Al-Kazemi advisor comments on a Shafak News report on 'digital currencies and warns against one of them" Listen to this because this is going to tell you why you should support cryptocurrency ...cryptocurrencies are now coming into Iraq. There was one that was created and now starting to pick up steam as people have more faith in the cryptocurrency than they do its own currency. [Post 1 of 2....stay tuned]
10-27-2021 Newshound Guru Breitling Question: "Maybe you can answer the question for skeptics/beginners...I started looking at my XE app at the surrounding Middle East oil countries and the values of their dinars, most of these prove Iraq is undervalued?" Bingo. Brother, you just said it. Investing is about comparing. How can Iraq be one of the top oil markets on the planet yet have one of the lowest currencies in the Middle East...on average they should be .50 - .60 cents compared to what everyone else is doing...
10-27-2021 Intel Guru MarkZ [via PDK] When they revalue the Iraqi dinar and you have 25k note (example to make the math easy). Say its $4 (example) …Say they used to use one note to buy a loaf of bread and now it’s worth maybe 25 grand or 100 grand…how would they make change for these? So they change the value and release the lower denomination bills without all the zeros on it…this is exactly what they did in Kuwait …Iraq has done this 3 times over the last hundred years. This is the same thing they did in Japan after world war 2 and the same thing they did in Germany after World War 1 and 2…there are many examples of how they handle this throughout history. [post 2 of 2]
10-27-2021 Intel Guru MarkZ [via PDK] I want to address the losing the 6 zeros in Iraq and Vietnam. Remember before they devalued these currencies…those currencies had a much higher value. They devalued them so they would be cumbersome, not easy to work with. This was their way of sanctioning them financially. So what they do when they fix them is they don’t just chop off 6 zeros. They revalue it and then they print new bills that are lower denominations. They no longer need the larger notes. [post 1 of 2....stay tuned]
10-27-2021 Newshound/Intel Guru Petra ...we are right in front watching it occur. And now, we are at the stage where implementation has begun formally with the ATM’s redistributing the money supply…know that this one small move will ignite the WORLD!!! ...do you realize the HUGE progress that has been accomplished???? Absolutely astounding. …Yes, one simple move….and the WORLD changes!!!! And I don’t think I even need to say IMO because it’s history we are watching!! ...How long ago have we said...this is not just about Iraq?
10-27-2021 Newshound Guru Kaperoni I often tell people we need to be patient with Iraq because the most important thing is for them to build a private sector economy. If they do not succeed they will have no choice but then Redenomination the dinar (LOP) notes. Which is not what we want to see. Despite the frequent nonsense...about deleting three zeros as something that is good. What the Iraqi government is talking about is not. It is a neutral event that does not provide any significant gain to the Iraqi dinar. [Post 1 of 2....stay tuned]
10-27-2021 Newshound Guru Militiaman My understanding is, that success story was not the only story to be successful...The communication system will require the cross border payments to be transparent, fast and secure. And it is. So, now we just have to watch and see how long they can last without 1,000 - 10,000k notes, let alone 25k notes. Fairly sure they told us they have been paying citizens electronically and as recent as this past week, so if everyone that gets electronic payments now will be ready for the switch over to having less cash on hand. I'll be looking to have a little more...lol [Post 2 of 2]
10-27-2021 Newshound Guru Militiaman There is reason to be excited! ...The evidence is quite clear they have every intention to be digitized, down to their currency. It is no secret anymore that the world is going to be operating at a far more advance pace...So, what can we expect going forward? Global inter-connectivity. We have been told by the CBI / AMF that they have successfully cleared the Euro with the Jordanian Dinar (JOD). [Post 1 of 2....stay tuned]
10-27-2021 Intel Guru MarkZ [via PDK] ...late last night I thought there was an excellent chance that I would be starting this...with the golden egg shirt...There is a lot of pressure not to talk a lot at this time amongst many of us…So details will be getting a bit thin from now on. I am very encouraged that things are moving forward right now...
10-27-2021 Newshound Guru Pimpy Article quote: "Salih told Shafaq News there are two types of digital currency, one of which is called cryptocurrency,' noting that 'it is a system outside the control of central banks and financial markets, and it is traded through its subscribers and founders, so that there is a commodity exchange and coverage of transactions outside the control of international finical supervision.' " Don't you love it? Of course. That means a currency for the people by the people. That is cryptocurrencies. He's telling you it's outside of their control. They can't control it. [Post 2 of 2]
10-27-2021 Newshound Guru Pimpy Now this is interesting. Listen to this because this should tell you what you need to know about cryptocurrencies and the great reset... Article: "Al-Kazemi advisor comments on a Shafak News report on 'digital currencies and warns against one of them" Listen to this because this is going to tell you why you should support cryptocurrency ...cryptocurrencies are now coming into Iraq. There was one that was created and now starting to pick up steam as people have more faith in the cryptocurrency than they do its own currency. [Post 1 of 2....stay tuned]
10-27-2021 Newshound Guru Breitling Question: "Maybe you can answer the question for skeptics/beginners...I started looking at my XE app at the surrounding Middle East oil countries and the values of their dinars, most of these prove Iraq is undervalued?" Bingo. Brother, you just said it. Investing is about comparing. How can Iraq be one of the top oil markets on the planet yet have one of the lowest currencies in the Middle East...on average they should be .50 - .60 cents compared to what everyone else is doing...
10-27-2021 Intel Guru MarkZ [via PDK] When they revalue the Iraqi dinar and you have 25k note (example to make the math easy). Say its $4 (example) …Say they used to use one note to buy a loaf of bread and now it’s worth maybe 25 grand or 100 grand…how would they make change for these? So they change the value and release the lower denomination bills without all the zeros on it…this is exactly what they did in Kuwait …Iraq has done this 3 times over the last hundred years. This is the same thing they did in Japan after world war 2 and the same thing they did in Germany after World War 1 and 2…there are many examples of how they handle this throughout history. [post 2 of 2]
10-27-2021 Intel Guru MarkZ [via PDK] I want to address the losing the 6 zeros in Iraq and Vietnam. Remember before they devalued these currencies…those currencies had a much higher value. They devalued them so they would be cumbersome, not easy to work with. This was their way of sanctioning them financially. So what they do when they fix them is they don’t just chop off 6 zeros. They revalue it and then they print new bills that are lower denominations. They no longer need the larger notes. [post 1 of 2....stay tuned]
10-27-2021 Newshound/Intel Guru Petra ...we are right in front watching it occur. And now, we are at the stage where implementation has begun formally with the ATM’s redistributing the money supply…know that this one small move will ignite the WORLD!!! ...do you realize the HUGE progress that has been accomplished???? Absolutely astounding. …Yes, one simple move….and the WORLD changes!!!! And I don’t think I even need to say IMO because it’s history we are watching!! ...How long ago have we said...this is not just about Iraq?
Catnip's Corner:
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ARTICLE 1 (from PM Kadhimi's website)
At the time this report was submitted, there are no new articles posted on PM Kadhimi's website.
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ARTICLE 2 (from Government of Iraq twitter account)
At the time this report was submitted. there are no new tweets posted on the Government of Iraq twitter account.
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ARTICLE 3
Iraq receives an invitation to participate in the work of the Global Industrialization Forum in Italy
10/27-2021 06:05 PM
Today, Wednesday, the National Investment Commission announced an invitation to Iraq to join the countries participating in the Global Industrialization Forum in Italy.
The authority stated in a statement that "the head of the National Investment Commission, Suha Daoud Najjar, participated in the Global Industrialization Forum, which was held in the Italian city of Cernobbio / Como, at the official invitation of the Global Industrialization Corporation and the United Nations Industrial Development Organization UNIDO."
The head of the National Investment Commission stated in a speech during its participation in the forum, according to the statement, that "Iraq, despite all the challenges it has faced, is proceeding at a steady and sound pace of recovery and advancement and looks to the future in a spirit of openness towards successful experiences and partnerships that enhance opportunities for the development of its sectors in the areas of cost, especially the sector." industrial".
Najjar pointed out that "there are non-oil economic resources owned by Iraq and can be invested in various industries, and the head of the National Investment Commission invited all official bodies, companies and investors specialized in the industrial sector to consider expanding the horizons of cooperation with Iraq."
Al-Najjar called on specialized companies to visit Iraq, stressing the readiness of the commission, Iraqi state institutions and relevant ministries to provide all facilities to start their work, and to build partnerships with the Iraqi public and private sector for the reconstruction of its various sectors, as well as its interest in cooperation; To gain access to modern and advanced knowledge and mechanisms in managing his projects, and his desire to support projects while developing skills, empowering workers, creating the appropriate environment for job opportunities for his children, developing national production and raising the efficiency of services.
The authority indicated that "at the conclusion of the forum, an invitation was extended to Iraq to join the countries participating in the forum, in order to expand cooperation with these countries in the industrial and investment fields."
She added that "the Ambassador of Iraq to Italy, Safiya Al-Suhail, participated in the forum's work."
The authority pointed out that "the United Nations Industrial Development Organization is a specialized agency of the United Nations Organization, headquartered in Vienna - Austria. The main objective of the organization is to promote and accelerate industrial development in developing countries and countries with economies in transition, and to enhance international industrial cooperation."
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ARTICLE 4
The Sadrist movement determines the path of its alliances to form the government and the date of its launch
02:22 - 10/27/2021
Baghdad - Mawazine News
The leader of the Sadrist movement, Amir al-Kinani, set, on Wednesday, the date for the start of new dialogues to form the government's political map, while noting that all options are open and there are no red lines.
Al-Kinani said, in a statement to the official agency, and followed by "Mawazine News", that "the formation of the government is premature, because we are waiting for the approval of the election results to know the size of the final political forces," noting that "there are dialogues, movement and understandings with all forces without exception, but we We are waiting when the Federal Court ratifies the results, there will be new dialogues in the formation of the political map for the next four years."
He continued, "The reasons for launching the dialogues are to accept the parties' entry into the program and the government curriculum for the next ministry, because we are talking about the curriculum and programs for the next government," explaining that "all options are open and there are no red lines on the forces participating in the political process."
And he stated, "All forces are respected and appreciated, and their presence is the choice of the public and the voters," explaining that "those who agree with us will be close to the Sadrist bloc that won first place."
He explained, "Real and serious dialogues in forming governments will be through official delegations formed by political forces, while forums and conferences contribute to how to make decisions with political forces, many of which are entrenched within their audience and environment," noting that "conferences take us to multiple environments to be there." Diversity in subtraction.
Al-Kinani pointed out that "the Middle East Forum is not the first, as such meetings and meetings are held periodically and annually because they are interested in Iraqi affairs at the federal and regional levels," noting that "these conferences convey perceptions and visions by many elites and competencies that benefit from Including the political forces to convey the opinion and the other opinion.”
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ARTICLE 5
Central Bank: Increasing foreign currency reserves and supporting renewable energy
10/27-2021 03:29 PM
Today, Wednesday, the Central Bank of Iraq revealed a new strategy for it. The Deputy Governor of the Bank, Ammar Hamad Khalaf, said during the second day of the Miri Forum, which will be held in Erbil, with the participation of 250 Iraqi and foreign personalities: “We will work according to a new strategy at the beginning of the next year 2022.”
Noting that "the Central Bank's actions increase the size of the national foreign currency reserve." He pointed out that "the largest part of our internal loans is for housing units."
A statement by the Central Bank stated, "The Board of Directors of the Central Bank of Iraq decided, during its meeting for this day, Wednesday, corresponding to 27/10/2021, to allocate funds to finance the purchase of renewable energy generation units." He stressed by saying: "The Central Bank will enhance the liquidity of banks, which in turn will grant soft loans to citizens and projects to acquire renewable energy generating units according to high specifications and with long sustainability."
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Tere
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