WOTS WED OCT 6 21
Create a website and e-mail for all authorized exchange companies, category (A,B)
No My FX Buddies Podcast Today
The price is in most Baghdad exchanges
Purchase
147,500
Sale
148,500
—————————
Erbil - Bursa
148,250
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Mosul - Bursa
148,300
———————
Basra - Bursa
148,200
The Markets:
Precious Metals:
Brent 82 WTI 78 Bitcoin: 51,386 10 yr yield: 1.54
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1434.3000 | 1486.1000 | 1457.7000 | 1426.0000 | 1457.7000 |  -32.0000 | 10:55 |
| USD/VND | 22750.0000 | 22770.0000 | 22757.8700 | 22757.1400 | 22757.1400 | 0.5600 | 22:53 |
| USD/CNY | 6.4452 | 6.4482 | 6.4459 | 6.4457 | 6.4459 | -0.0003 | 00:00 |
| USD/KWD |  0.3011 | 0.3021 | 0.3013 | 0.3011 | 0.3013 | -0.0002 | 05:15 |
| GBP/USD | 1.3562 | 1.3562 | 1.3630 | 1.3544 | 1.3621 | -0.0059 | 05:29 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14290.0000 | 14295.0000 | 14301.0000 | 14216.0000 | 14223.0000 | 63.0000 | 05:29 |
Things in the News:
Iraqi Articles:
Prime Minister: The Iraqi pavilion at Expo 2020 is impressive
On Wednesday, a high-level government delegation visited the Iraqi pavilion at the Expo 2020, which is currently being held in the UAE city of Dubai.
The delegation witnessed the participation of the Iraqi ambassador to the UAE, Muzaffar Al-Jubouri, and the director of the Prime Minister's office, Raed Jouhi.
Jouhi said in an interview with "Al-Iqtisad News", "Today we were visiting the Iraqi pavilion at the Expo 2020 Dubai, as well as the pavilions of other countries."
He added, "Expo is known as a global event, and it is a factory for inventions and a place where the latest new innovations that contribute to the development of the world are located."
He stressed that "what I saw in the Iraqi pavilion fascinated me, and I wish them success and all the workers in the exhibition."
Expo 2020 was launched in Dubai at the beginning of this month and will last for six months
Iraq maintains its 39th position in the world as the largest gold reserve
link
The World Gold Council announced, on Wednesday, that Iraq maintained its 39th position globally for the third month in a row and the fifth in the Arab world as the largest gold reserve in the world, indicating that Iraq did not buy or sell any amount of gold during this period.
The council said in its latest table for the month of October 2021, which was reviewed by "Economy News", that "Iraq maintained its position 39 globally for the third month in a row out of the 100 countries listed in the table with the largest gold reserves, bringing its gold holdings to 96.3 tons, which represents 9.3% of the total gold reserves." The rest of his other precautions.
He added, "Iraq has maintained its fifth rank in the Arab world after Saudi Arabia, Libya, Algeria and Lebanon," noting that "Iraq has not bought gold since September of the year 2020, when it bought a small amount of 0.1 tons, while it bought 6.5 tons in September 2018, while it Using 0.1 tons of these reserves for internal purposes.”
The council indicated that “the central banks of the countries bought 30 tons of gold, as India (12.9 tons), Uzbekistan (8.7 tons), Kazakhstan (5.3 tons) and Turkey (2.8 tons) to their gold reserves, while the total sales amounted to less than two tons, as Qatar recorded the largest decrease in gold reserves by 0.9 tons.
Create a website and e-mail for all authorized exchange companies, category (A,B)
The Central Bank of Iraq decided that all authorized exchange companies, category ( A , B ), establish an official website on the national scale ( iq ) and establish an official email on the same domain, for the requirements of the interest of work and for the purpose of organizing the context of procedures in your companies in a more modern manner and to ensure communication with this Bank and present the results to the public, and companies should provide us with their addresses and as soon as possible.
The banking system and development
Local, regional and international consensus on the role of the banking sector in the development process sought by all countries of the world, and this makes the Iraqi banking system double responsibilities in supporting the development process.
With the emergence of banks and the expansion of their commercial banking business, which is an economic necessity from the necessities of contemporary life in its economic aspect, the desire to develop and expand the work of government and private banks has increased under the direct supervision and care of the parent bank, and by it we mean {the Central Bank
Iraqi}.
The phenomenon of Islamic banks has emerged, due to the expansion of the banking system and its contribution to the developmental advancement processes with the services it provides.
Iraqi.
It is worth noting that the first premises and pillars of Islamic banks were based on a new idea, which is to convert interests and deposits into a system that contributes to development, and in accordance with the philosophy of the appointed Islamic bank and its legally approved internal system, as well as supporting the economy in various
products.
The expansion of the Central Bank of Iraq in allowing some of the major “financial transfer” companies with high efficiency to convert to Islamic banks, made the matter progress advanced steps on the way to support the banking sector in Iraq, which now provides many services within strict legal frameworks of follow-up, auditing and monitoring within contexts It ensures the provision of banking services to depositors and investors, in a manner that contributes effectively to the advancement and the desired progress along with the activities of banks and banks.
government and civil.
The banking business, since its emergence in the developed countries and then its spread and expansion in the Arab countries, has worked to enhance the citizen’s confidence in dealing with it, and it has been providing services to the public of depositors and to the working effort in the country in order to support the process of economic development, and this is the role that our banking system must aspire to In light of the evaluation control exercised by the Central Bank of Iraq.
Today, Iraq has a large banking system, which must be the best supporter of the development process that the country seeks, especially since we have seen a clear development in the reality of electronic payment, but the ambition requires more products that are in harmony and the major investments required by the country.
CBI Update: Just a note:
including $48,590,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
including $48,590,000. CASH
ISX Update:
Shares Traded: not updated for today
Value Traded: not updated for today
10-6-2021 Newshound/Intel Guru Mnt Goat The Ministry of Finance announced...Tuesday, that the highest foreign currency reserves in Iraq since in 2014 when they amounted to $82 billion. So, they are now over that amount...They are probably reaching about $90 billion? Then in another article...they tell us that the monetary policy of Iraq depends on the amount of foreign reserves supporting the Iraqi dinar, that is, the efficiency of the reserves and their escalation towards safe lines...we have been watching the amount of reserves all along as a positive sign of moving towards getting the project to delete the zeros accomplished. So this news today reinforces our hopes.
10-5-2021 Newshound Guru Jeff Final countdown.
10-5-2021 Intel Guru MarkZ [via PDK] There has been a tremendous lack of news on the RV front. We are hearing there is movement in Iraq as far as paying contractors. Most of the contractor contacts I have spoken with, do not believe they will be allowed to spend it until the 15th. It does have a new rate…They specifically said they cannot tell me that rate...this is the first contact I have spoken with in Iraq in awhile…I have known this contractor for a long time. One of the best contacts out there… So, they have been paid at a new rate and they expect freedom of these funds on Oct. 15th. This is a great sign. Could it go before then? Absolutely. I am still hearing very positive things.
10-5-2021 Intel Guru Frank26 [Boot-on-the-ground Firefly TV report continued] FRANK: All they are doing is preparing you...for the announcement of your new currency and your new exchange rate by injecting ideas into your mind into your daily lives that you are about to see a new monetary reform for your currency...What Saleh is trying to tell you is that you now have what is called in the financial world the REER!!! He is expressing to you that you need this true value for your currency in order for everything to work...[Post 2 of 2]
10-5-2021 Intel Guru Frank26 [Boot-on-the-ground Firefly TV report] FIREFLY: TV says today the Arab payment system has linked with the Islamic banking and now can interact with with payments...now Saleh on TV talking about need to lower dollar exchange rate. Saying they have reached maximum efficient at current rate and to make projects work they need the exchange rate to favor a stronger dinar value. Saying Iraq must have plans in place and get this done. [Post 1 of 2....stay tuned]
10-5-2021 Intel Guru MarkZ [via PDK] I have 3 great contacts in Iraq and I am still hearing nothing. Hitting a stone wall right now. Its impossible to communicate with folks in Iraq right now… We knew at the end there would be disinformation and smoke…and we also knew when we were really close they would clamp down on leaks… I think it is unfolding exactly how they have it planned and scheduled.
10-5-2021 Newshound/Intel Guru Mnt Goat ...the news of the success of the reforms so far from the “White Paper” effort are working. At this point in time, we could not get any better news. The news is all about the exchange rate and how Iraq is able to keep the dinar stable. Unfortunately the stability comes at a price at a low price… if they are sincere about January 2022 they must tell the citizens and begin more education and preparations during these next three months. So far so good, so I would not give up hope yet!
10-5-2021 Newshound Guru Pimpy Quote: "there are expectations that the Iraqi dinar will improve with the development of reserves and this is up to the monetary policy especially since the timing is appropriate and the opportunity is appropriate provided that there is financial discipline and correct development and without them there is no value." I told you guys it wouldn't take no 5 years for them to increase the value. My thought was you would see an increase over time because as they continue to rebuild the country they're going to need that purchasing power. [Post 2 of 2]
10-5-2021 Newshound Guru Pimpy This is some good news. We talked about this. I spoke about this. It was a feeling that I had and it looks like it might actually happen. Article: "Al-Kazemi's advisor proposes solutions to reduce the value of the dollar" This is a biggie! ...Let me repeat that. To reduce the value of the dollar. Not the dinar. The dollar. This is the direction we want them to go into...I told you we were going to start getting into an area in which they need more purchasing power. [Post 1 of 2....stay tuned]
10-5-2021 Intel Guru MarkZ [via PDK] They are very hush, hush as to what the timing is…they will only say they expect it within this week. That could be 2 minutes from now or days…I don’t know. There is exceptionally great chatter from them. They just will not share specifics with me…I understand.
10-5-2021 Intel Guru MarkZ [via PDK] There has been a tremendous lack of news on the RV front. We are hearing there is movement in Iraq as far as paying contractors. Most of the contractor contacts I have spoken with, do not believe they will be allowed to spend it until the 15th. It does have a new rate…They specifically said they cannot tell me that rate...this is the first contact I have spoken with in Iraq in awhile…I have known this contractor for a long time. One of the best contacts out there… So, they have been paid at a new rate and they expect freedom of these funds on Oct. 15th. This is a great sign. Could it go before then? Absolutely. I am still hearing very positive things.
10-5-2021 Intel Guru Frank26 [Boot-on-the-ground Firefly TV report continued] FRANK: All they are doing is preparing you...for the announcement of your new currency and your new exchange rate by injecting ideas into your mind into your daily lives that you are about to see a new monetary reform for your currency...What Saleh is trying to tell you is that you now have what is called in the financial world the REER!!! He is expressing to you that you need this true value for your currency in order for everything to work...[Post 2 of 2]
10-5-2021 Intel Guru Frank26 [Boot-on-the-ground Firefly TV report] FIREFLY: TV says today the Arab payment system has linked with the Islamic banking and now can interact with with payments...now Saleh on TV talking about need to lower dollar exchange rate. Saying they have reached maximum efficient at current rate and to make projects work they need the exchange rate to favor a stronger dinar value. Saying Iraq must have plans in place and get this done. [Post 1 of 2....stay tuned]
10-5-2021 Intel Guru MarkZ [via PDK] I have 3 great contacts in Iraq and I am still hearing nothing. Hitting a stone wall right now. Its impossible to communicate with folks in Iraq right now… We knew at the end there would be disinformation and smoke…and we also knew when we were really close they would clamp down on leaks… I think it is unfolding exactly how they have it planned and scheduled.
10-5-2021 Newshound/Intel Guru Mnt Goat ...the news of the success of the reforms so far from the “White Paper” effort are working. At this point in time, we could not get any better news. The news is all about the exchange rate and how Iraq is able to keep the dinar stable. Unfortunately the stability comes at a price at a low price… if they are sincere about January 2022 they must tell the citizens and begin more education and preparations during these next three months. So far so good, so I would not give up hope yet!
10-5-2021 Newshound Guru Pimpy Quote: "there are expectations that the Iraqi dinar will improve with the development of reserves and this is up to the monetary policy especially since the timing is appropriate and the opportunity is appropriate provided that there is financial discipline and correct development and without them there is no value." I told you guys it wouldn't take no 5 years for them to increase the value. My thought was you would see an increase over time because as they continue to rebuild the country they're going to need that purchasing power. [Post 2 of 2]
10-5-2021 Newshound Guru Pimpy This is some good news. We talked about this. I spoke about this. It was a feeling that I had and it looks like it might actually happen. Article: "Al-Kazemi's advisor proposes solutions to reduce the value of the dollar" This is a biggie! ...Let me repeat that. To reduce the value of the dollar. Not the dinar. The dollar. This is the direction we want them to go into...I told you we were going to start getting into an area in which they need more purchasing power. [Post 1 of 2....stay tuned]
10-5-2021 Intel Guru MarkZ [via PDK] They are very hush, hush as to what the timing is…they will only say they expect it within this week. That could be 2 minutes from now or days…I don’t know. There is exceptionally great chatter from them. They just will not share specifics with me…I understand.
Catnip's Corner:
Yesterday we visited the Electoral Commission, and the fifth simulation was conducted, which is the first time that a simulation of this number has been conducted before the elections, and it was a successful experiment.
We work hard, and make great endeavors; In order for the elections to be an opportunity for fair and impartial competition.
We have taken extensive security measures; To prevent attempts to interfere in the electoral process.
We provided all requirements for the Commission, the Joint Operations Command; In order to carry out their duties in the conduct of sound and fair elections.
We reiterate our calls to all segments of the people for broad participation, and we commend the position of the supreme reference, and all national and international parties that called on voters to participate, and we affirm that we have no choice to build a stable and prosperous Iraq except through the ballot boxes.
All political parties must abide by a professional competition in accordance with the laws, and we assure that we will stand firmly against any attempt to influence the votes of the electorate.
Ministers must continue to work at the same pace, and for the last moment of the government's life; To provide service to citizens.
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ARTICLE 1-A (from PM Kadhimi's website; posted only on Arabic side, not on English side)
The Council of Ministers holds its regular session headed by Prime Minister Mustafa Al-Kazemi and issues a number of decisions
Today, Tuesday, Prime Minister Mustafa Al-Kazemi chaired the thirty-eighth regular session of the Council of Ministers, during which the latest developments in the country were discussed, in addition to the topics on the agenda, and decisions and recommendations were issued on them.
At the beginning of the session, the Prime Minister referred to his visit yesterday to the Electoral Commission, and his briefing on the implementation of the fifth simulation, and stressed that it was the first time that this number of simulations had been conducted, and described it as a successful experience. His Excellency referred to the government’s efforts and great endeavors; Because the elections are an opportunity for fair and fair competition.
His Excellency affirmed that all the requirements of the Commission and the Joint Operations Command are provided to carry out their required tasks, in conducting sound and fair elections, as well as taking security measures; To prevent any case of interference and fraud.
Mr. Al-Kazemi renewed his call to all Iraqis; For the broad participation in the elections, His Excellency commended the position of the supreme reference, and all the national and international parties that called on the voters to participate actively, and indicated that there is no option for building a stable and prosperous Iraq but the ballot boxes.
His Excellency called on all political parties to abide by professional competition in accordance with the laws in force, and stressed to stand firmly against any attempt to influence the votes of the electorate.
At the conclusion of his speech, Al-Kazemi directed the ministers to continue working at the same pace, and for the last day of the government’s life; In order to ensure the provision of services to citizens.
During the session, the epidemiological report of the Corona pandemic was reviewed, and the developments in the work of the Committee to Strengthen Government Actions in the Fields of Prevention, and Health Awareness Control; To limit the spread of the virus, and the efforts of the Ministry of Health to confront the pandemic, and to provide vaccines through vaccination outlets.
After discussing the topics on the agenda, the Council of Ministers issued the following decisions:
First, the Ministry of Finance disbursed (3) billion dinars to the Ministry of Health from the emergency reserve allocations for the fiscal year/2021, as treatment costs; For the treatment of a number of demonstrators wounded in the German Hospital (Vivants), with the exception of the controls and instructions in force, the recruitment program, and medical evacuation.
Second / Approval of an increase in the capital of the Iraqi Housing Fund by an amount of (1,000,000,000,000) dinars, only one trillion dinars, so that the total capital will be (2,000,000,000,000) dinars, only two trillion dinars, to be paid by the Ministry of Finance, according to what was stated in the decision of the Board of Trustees of the Housing Fund, based on To the provisions of Article 1/Second, of the Iraqi Housing Fund Law (32 of 2011).
Third / Approval of the recommendation of the Ministerial Council for Energy (137 for the year 2021).
Fourthly/
- Approval of the National Oil Company to enter as a financing partner with the company (Total) in its giant project in Basra.
Supporting the National Oil Company to carry out commercial activity; To maximize revenues and financial returns to the general budget.
- Approval of a set of decisions aimed at maximizing oil and gas production capabilities, by the National Oil Company in the southern fields.
Fifth / Excluding the Taza water project in Kirkuk governorate from the procedures set forth in the Cabinet Resolution (259 of 2021), regarding direct invitations to companies of the Ministry of Construction, Housing, Municipalities and Public Works; For the reasons proven in the letter of the Ministry of Construction, Housing, Municipalities and Public Works No. (m.kh/679) dated September 29, 2021.
Media Office of the Prime Minister
5 - October - 2021
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ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side)
Highlights of what Prime Minister Mustafa Al-Kazemi spoke during the cabinet session
Yesterday we visited the Electoral Commission, and the fifth simulation was conducted, which is the first time that a simulation of this number has been conducted before the elections, and it was a successful experiment. We work hard, and make great endeavors; In order for the elections to be an opportunity for fair and impartial competition. We have taken extensive security measures; To prevent attempts to interfere in the electoral process. We provided all requirements for the Commission, the Joint Operations Command; In order to carry out their duties in the conduct of sound and fair elections. We reiterate our calls to all segments of the people for broad participation, and we commend the position of the supreme reference, and all national and international parties that called on voters to participate, and we affirm that we have no choice to build a stable and prosperous Iraq except through the ballot boxes. All political parties must abide by a professional competition in accordance with the laws, and we assure that we will stand firmly against any attempt to influence the votes of the electorate. Ministers must continue to work at the same pace, and for the last moment of the government's life; To provide service to citizens.Media Office of the Prime Minister
5 - October - 2021
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ARTICLE 2 (from Government of Iraq twitter account)
10-5-2021 around 11:30 am Eastern
Watch this interview with Bashar Alsadi from the elections support team talking about security plans to protect the polling stations in Oct. 10.#IraqiElections2021 #IraqVotes
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ARTICLE 3
Another Iraqi governorate will be disrupted tomorrow
2021-10-05 | 13:44
Karbala Governorate decided, on Tuesday, to suspend official working hours tomorrow.
The deputy governor of Karbala, Ali Al-Mayali, said in a statement, "On the occasion of the martyrdom of the greatest prophet, Abu Al-Zahra Muhammad (peace be upon him), the local government in Karbala announces that the official working hours will be suspended tomorrow, Wednesday."
And the governorates of Al-Muthanna, Najaf, Maysan, Dhi Qar and Wasit decided to suspend official working hours tomorrow, Wednesday, on the occasion of the anniversary of the death of the Prophet Muhammad (PBUH).
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ARTICLE 4
Government Spokesman: We have fulfilled our promise to complete the elections.. The environment is suitable for fair and just voting
2021.10.05 - 17:58
Baghdad - people
The Minister of Culture, Spokesman for the Iraqi government, Hassan Nazim, said, on Tuesday, that the Al-Kazemi government has fulfilled its pledges regarding the completion of the elections next Sunday.
Nazim said during a press conference that followed the cabinet session (October 5, 2021), that "the government has fulfilled its promise to complete the elections next Sunday," noting that "there is a suitable environment for holding fair and just elections."
Nazim added that "next Sunday is a historic moment for Iraqis, and there is awareness among the people that political change for the better is through elections."
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