WOTS FRI NOV 12 21
An Iraqi alliance demands the government to restore the dollar exchange rate
Iraq.. Calls for the Al-Kazemi government to remain until 2022
Iraqi political forces called for the survival of the government of Prime Minister Mustafa Al-Kazemi as a caretaker, until elections are held in the middle of next year, with the continued demonstrations of supporters of the armed factions, which lost in the early elections held on the tenth of last October, in front of the Green Zone in central Baghdad.
Sources who attended part of the negotiations between the political blocs of the "Union" revealed that the option of the Al-Kazemi government's survival until organizing new elections is seriously proposed. The sources indicated that Al-Kazemi's name is proposed, in all cases, to form the new government, especially by the "Sadr movement", which led the results of the early elections, by obtaining more than 70 seats.
An Iraqi alliance demands the government to restore the dollar exchange rate
Al-Quds Al-Arabi: The "National Approach" coalition in Iraq considered, yesterday, Thursday, the previous government decision to raise the value of the dollar against the Iraqi dinar, the most prominent reasons for the high rates of poverty in Iraq, which exceeded 30%, calling on the federal government to restore the exchange rate to what it is. It had been in the past, and to reverse its decision, which he described as “blundering.”
And a statement by the coalition said yesterday, "The complications and effects of the decision to raise the unfair exchange rate of the dollar are still continuing and increasing, and its shocks are intensifying on the majority of the Iraqi people," noting that "the Ministry of Planning indicated terrifying numbers and percentages in the escalation of poverty and unemployment rates, which amounted to 31 percent, out of the total The people, and stressed that one of the most important causes of these tragedies is the decision to raise the price of the dollar.”
He continued: “We have explained on more than one occasion the error of this decision and that the justifications for its marketing are flimsy and invalid, whether they are justifications for filling the budget deficit, as the selling price of oil has risen to nearly $84 per barrel, or justifications for combating the smuggling of hard currency. The Central Bank’s sales of the dollar in the currency auction did not drop below its selling levels before the decision so that we believe that the fruit of the fight against hard currency smuggling has been achieved. On the contrary, the rates of the Central Bank’s selling of the dollar began to exceed even what it was sold before the unjust decision to raise the price of the dollar.
He pointed to what he described as “the confusion of decision-makers in the authority and their neglect to notice the harsh social effects of their improvised, ill-considered decisions, and their lack of the courage to admit error and review failed decisions, despite the severity of the bill of this confusion and its cost by millions of affected Iraqis.”
The National Approach coalition, affiliated with the Islamic Virtue Party, called for “addressing the causes of increasing unemployment and poverty rates, and for the government to begin restoring the dollar’s price to what it was, and working to implement social justice and its equitable standards in distributing wealth and public budget resources without political favours.” And closing all the outlets of waste and corruption, many of which hide in vague overall addresses or in entertainment resources far from the necessary needs of citizens.”
He pointed out that "the stability and security of the social system is linked to addressing the causes of the accumulated grievances of millions of citizens and reviewing unjust and wrong economic decisions to be consistent with meeting the citizen's need and alleviating his suffering, not producing more illegal gains for the influential and those who hold the decision and power."
Officially.. the completion of the concrete structure of the Central Bank building and it becomes the highest in Iraq
The executing company has fully and officially completed the concrete structure of the Central Bank of Iraq tower.
The main casting has been lifted completely from all parts of the tower, followed by the implementation of the steel structure that will form the curved and undulating crown that adorns the top of the 173-meter-high building.
The tower, located in the Jadriya area in Baghdad and opposite the Tigris River, was designed by the Iraqi international engineer, Zaha Hadid, and its concrete structure will be fully completed before the end of this year 2021.
It is noteworthy that on June 13, the tower of the new building of the Central Bank officially became the tallest building in Baghdad even before the completion of its concrete structure, so that after its completion it would be the tallest building in all of Iraq.
The exchange rate of the US dollar continues to rise on the Iranian free market, as it reached unprecedented levels, recording 28,500 tomans. (is 285,000)
The rise in the value of the dollar comes despite the fact that on October 17, the Iranian President, Ibrahim Raisi, called on the Central Bank and the Ministry of Economy to stop the growth of the exchange rate and the devaluation of the riyal.
Officials in Iran did not say the reason for the sharp rise in the value of the dollar, but the country's treasury stated a few months ago that only "three percent" of oil revenues were generated in the spring of this year.
The protesters set up their tents in front of the Green Gate from the Ministry of Planning side.. Video
you have to go to the site to see the video unless I find it on Youtube I'll update
Sit-in, rejecting the election results, set up the sit-in tents directly in front of one of the gates of the Green Zone in the capital, Baghdad.
According to a video clip obtained by Mawazine News, the protesters set up their tents in front of the Green Zone gate directly from the Ministry of Planning.
This comes with a massive deployment of the Counter-Terrorism Service within the approaches of the US Embassy in the capital, Baghdad.
In the video.. Protesters are advancing towards the Green Gate and a security force closes it completely
link I found the video on youtube
You have to go to the link to see the video
Dozens of protesters who reject the election results gathered, on Friday, near one of the gates of the Green Zone in the capital, Baghdad.
According to a video clip obtained by Mawazine News, the protesters advanced towards the Green Gate from the Ministry of Planning, raising banners rejecting the election results and demanding manual counting of all polling stations in the country, while the special squad in charge of protecting the gate closed it completely with progress. protesters towards it.
Below here is the daily WOTS report Word on the Street for Novmber 12 21
And the Kifah Stock Exchange in Baghdad recorded, yesterday, Thursday, 148,300 dinars per 100 dollars, while most exchanges recorded 147,750 for purchase, and 148,750 for sale.
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1436.7000 |  1489.3000 | 1456.4000 | 1456.4000 | 1456.4000 | -0.7000 | 06:21 |
| USD/VND | 22640.0000 | 22650.0000 | 22627.5700 | 22620.0100 | 22620.0100 | 9.2500 | 00:26 |
| USD/CNY |  6.3805 | 6.3825 | 6.3962 | 6.3802 | 6.3897 | -0.0092 | 04:45 |
| USD/KWD | 0.3017 | 0.3027 | 0.3019 | 0.3018 | 0.3019 | -0.0001 | 03:33 |
| GBP/USD | 1.3394 | 1.3396 | 1.3411 | 1.3353 | 1.3361 | 0.0033 | 04:55 |
| USD/IRR | 41990.0000 | 42490.0000 | 42226.7000 | 42209.8000 | 42226.7000 | -3.2000 | 00:00 |
| USD/IDR | 14200.0000 | 14206.0000 | 14276.0000 | 14190.0000 | 14259.0000 | -60.0000 | 04:55 |
Stock futures rise slightly as Wall Street looks to avoid losing week amid high inflation
Gold set for best week in 6 months on inflation woes
Asia-Pacific stocks rise; JD.com shares in Hong Kong surge following Singles Day shopping event
China slams U.S. democracy as a ‘game of the rich,’ at an event promoting Xi’s growing power
The Iranian Toman is declining to unprecedented levels
The exchange rate of the US dollar continues to rise on the Iranian free market, as it reached unprecedented levels, recording 28,500 tomans. (is 285,000)
The rise in the value of the dollar comes despite the fact that on October 17, the Iranian President, Ibrahim Raisi, called on the Central Bank and the Ministry of Economy to stop the growth of the exchange rate and the devaluation of the riyal.
Officials in Iran did not say the reason for the sharp rise in the value of the dollar, but the country's treasury stated a few months ago that only "three percent" of oil revenues were generated in the spring of this year.
Economist: Next year's budget will increase by 10%, estimated at 140 trillion dinars
Al-Marsoumi told Al-Furat News that "the 2022 budget was not explicitly presented, and the leaks confirmed that it would be based on $60 per barrel of oil."
He expected, "It will be 10% larger than the 2021 budget, and therefore the general energy limits will be 140 trillion dinars."
Al-Marsoumi pointed out, "The availability of job grades depends on the economic policy of the next government in a new approach and opening the door for employment."
And he indicated that "the reform paper does not call for an increase in employment, but rather to support the private sector, yet it did not prevent the employment of thousands in the right professions."
The economist concluded, "It is expected that oil revenues will be significant this year.
Oil falls to the red zone
link
And US West Texas Intermediate crude futures fell by 26 cents, or 0.3 percent, to $ 81.33 a barrel, by 01:28 GMT, after a gain of 25 cents on Thursday.
Meanwhile, Brent crude futures fell 25 cents, or 0.3 percent, to $82.62 a barrel, erasing yesterday's gains.
The two contracts are heading towards ending the week almost unchanged, after sharp moves up and down driven by the rise of the dollar, and speculations about whether the administration of US President Joe Biden will release oil from the Strategic Petroleum Reserve to calm prices.
There are positive signs regarding demand as the air travel recovery accelerates, but monetary and fiscal policy tightening and the upcoming Northern Hemisphere winter will be disincentive.
On Thursday, the Organization of Petroleum Exporting Countries "OPEC" lowered its forecast for oil demand in the fourth quarter of this year by 330,000 barrels per day from last month's forecast, as high energy prices curb the recovery from the Covid-19 pandemic.
The "OPEC +" group, which includes OPEC members, Russia and other allies, agreed last week to stick to plans to add 400,000 barrels per day to the market
An Iraqi alliance demands the government to restore the dollar exchange rate
Al-Quds Al-Arabi: The "National Approach" coalition in Iraq considered, yesterday, Thursday, the previous government decision to raise the value of the dollar against the Iraqi dinar, the most prominent reasons for the high rates of poverty in Iraq, which exceeded 30%, calling on the federal government to restore the exchange rate to what it is. It had been in the past, and to reverse its decision, which he described as “blundering.”
And a statement by the coalition said yesterday, "The complications and effects of the decision to raise the unfair exchange rate of the dollar are still continuing and increasing, and its shocks are intensifying on the majority of the Iraqi people," noting that "the Ministry of Planning indicated terrifying numbers and percentages in the escalation of poverty and unemployment rates, which amounted to 31 percent, out of the total The people, and stressed that one of the most important causes of these tragedies is the decision to raise the price of the dollar.”
He continued: “We have explained on more than one occasion the error of this decision and that the justifications for its marketing are flimsy and invalid, whether they are justifications for filling the budget deficit, as the selling price of oil has risen to nearly $84 per barrel, or justifications for combating the smuggling of hard currency. The Central Bank’s sales of the dollar in the currency auction did not drop below its selling levels before the decision so that we believe that the fruit of the fight against hard currency smuggling has been achieved. On the contrary, the rates of the Central Bank’s selling of the dollar began to exceed even what it was sold before the unjust decision to raise the price of the dollar.
He pointed to what he described as “the confusion of decision-makers in the authority and their neglect to notice the harsh social effects of their improvised, ill-considered decisions, and their lack of the courage to admit error and review failed decisions, despite the severity of the bill of this confusion and its cost by millions of affected Iraqis.”
The National Approach coalition, affiliated with the Islamic Virtue Party, called for “addressing the causes of increasing unemployment and poverty rates, and for the government to begin restoring the dollar’s price to what it was, and working to implement social justice and its equitable standards in distributing wealth and public budget resources without political favours.” And closing all the outlets of waste and corruption, many of which hide in vague overall addresses or in entertainment resources far from the necessary needs of citizens.”
He pointed out that "the stability and security of the social system is linked to addressing the causes of the accumulated grievances of millions of citizens and reviewing unjust and wrong economic decisions to be consistent with meeting the citizen's need and alleviating his suffering, not producing more illegal gains for the influential and those who hold the decision and power."
CBI Update: Just a note:
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