WOTS MON NOV 1 21
Strategic partnerships create income-generating projects
No My FX Buddies Podcast today
Monday, the dollar exchange rates maintained
their stability in the Iraqi markets.
And the selling prices of the dollar were 148,000 dinarsper $100.
And the purchase price of the dollar was 147,500 dinars per 100 dollars.
The Markets:
The Asian markets closed mixed NIK up by 2.61% HSI down by .88% SHANG down by .08%
The UK markets are currently trading in the green from .53% to 1.24%
Our futures are currently trading upward
Precious Metals:
Gold is green at 1788 Silver is green at 23.95 Copper is green at 437 Platinum is red at 1036
Brent 84 WTI 81 Bitcoin: 62,116 10 yr yield: 1.57
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1445.3000 |  1497.2000 | 1457.6000 | 1457.5000 | 1457.5000 | 0.6000 | 12:51 |
| USD/VND | 22750.0000 | 22760.0000 | 22740.5500 | 22735.4800 | 22735.4800 | 6.0400 | 22:56 |
| USD/CNY |  6.3958 | 6.3978 | 6.4058 | 6.3955 | 6.4046 | -0.0088 | 05:27 |
| USD/KWD | 0.3013 | 0.3023 | 0.3013 | 0.3013 | 0.3013 | 0.0000 | 05:15 |
| GBP/USD | 1.3655 | 1.3656 | 1.3688 | 1.3643 | 1.3687 | -0.0017 | 05:31 |
| USD/IRR | 74.8000 | 74.8000 | 74.8000 | 74.8000 | 74.8000 | -42138.5000 | 00:00 |
| USD/IDR | 14269.0000 | 14269.0000 | 14307.0000 | 14197.0000 | 14223.0000 | 42.0000 | 05:30 |
Things in the News:
Dow futures rise more than 150 points on first trading day of November as investors await key Fed...
Japan's Nikkei 225 surges nearly 3%; data shows mixed Chinese factory activity in October
Iraqi Articles:
Strategic partnerships create income-generating projects
The economist, Manaf Al-Sayegh, urged the government to adopt a set of directions that would revitalize the economy, employ the workforce, and increase development rates, calling for creating strategic partnerships between the public and private sectors, seeking to establish efficient income-generating projects, and directing the establishment of cities and free markets. At the same time, he stressed the importance of developing a quick plan to establish tourism and entertainment projects.
Al-Sayegh recommended that, in the coming periods, the government should start contracting with solar energy production companies, on a large scale, and work on contracting with international companies to modernize and establish modern railway networks, and link the Faw port with Turkey to enhance the efficiency of its work. The speaker called for directing the construction of the Baghdad metro with more transport lines than was announced, and to be the first next government step to ease the transport crisis in the capital, as well as directing the neighborhoods of the railways between the governorates by contracting with international companies, to manufacture fast and comfortable trains that include all international specifications. The economic expert also urged the need to “initiate the maintenance of internal and highway roads, to ensure the efficient transportation of goods and services, with attention to their accompanying services,” proposing that “external roads are managed according to investment by international companies working on the development, maintenance and provision of services to roads.”
Tourism projects
Al-Sayegh pointed out the importance of “developing a quick plan to contract with international companies with the aim of establishing tourism and entertainment projects, especially cities overlooking the rivers,” stressing the need to “invite international hotel companies to establish tourist and recreational resorts, to enhance the quality of community life and provide various entertainment and services.” .
Labor market
Among the proposals that would move the wheel of the economy, the expert stressed the need to “regulate the labor market, through coordination between universities and institutes on the one hand, and government institutions and the private sector on the other,” noting that “this coordination would ensure the provision of the competencies you need.” business environment,” calling at the same time “to work with civil society organizations related to economic affairs, the private sector, and specialists, to provide advice and suggestions to the government, with the aim of enhancing the performance of its institutions in providing the best services for market activity and the business environment and improving the quality of business.”
tax system
Al-Sayegh sees the importance of “the government seeking to reconsider the tax system, with the importance of taking into account the going of tax dues to provide services that enhance the efficiency and quality of society’s life,” as well as “the government’s work within the thinking and mentality of the private sector, and seeking to facilitate procedures and remove the redundant rings from it.” To achieve the best services and shorten the completion time,” he pointed out, noting that these steps could “enhance society’s efficiency in production, revitalize the economy and produce new work patterns that enhance the ability to diversify sources of income and raise spending capacity.
A drop in oil prices after Chinese action on gasoline reserves
China said yesterday that it would release its reserves of gasoline and diesel to increase supply and stabilize prices in some areas. This came in a statement that analysts said was enough to bring down oil prices today.
Brent crude fell 0.2 percent and US West Texas Intermediate by 0.4 percent, after rising on Friday after the National Food and Strategic Reserves Administration in China announced on Sunday the release of gasoline and diesel reserves, in what some market watchers described as the first A statement of a kind aware of memory.
It is one of a number of attempts by Beijing to cool commodity price hikes that have slashed manufacturers' profit margins. Earlier this year, China released other commodities from the reserves, including a rare release of crude oil and base metals, to cool prices.
"Rationalizing (oil) production should be more common than releasing oil reserves," said Sunjik Te, an analyst at Beijing-based SIA Consulting.
He pointed out that Sunday's move may be the first time that Beijing has announced the release of oil reserves.
"Words are greater than actions, China learned that from (OPEC +)", he added, referring to supply contacts from the alliance of major oil producers in the world, which could have an impact on lowering market prices.
CBI Update: Just a note:
including $51,460,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
Weekend TNT UPDATE for October 30-31, 2021
So far, only this bank story to share....
While speaking to my bank manager today from one of the top tier banks, I asked about key points at the exchange meeting. He was adamant that they would be looking for sharp, short and shiny appointments, not drawn out confused meetings. The exchange is not to discuss or bring up investments, options etc, rather to save that for the wealth manager of our choosing.
Knowledge about what we are doing is also being looked at…are we bumbling about, confused about interest rates vs exchange rates, etc? An interesting point was about appearance….,if you go in "blinged up" in your fancy apparel, it will be assumed you are interested in appearances more than business and you will most likely not be given the best offers. You will most likely be considered someone who "spends" it all and the money will be gone in a short period of time. He advised being neat, clean , tidy and casual.
His team has been trained to look for calm, informed, and well organized people at the exchange, with long term prospects.
including $51,460,000. CASH
ISX Update:
Shares Traded: not updated for today
Value Traded: not updated for today
Weekend TNT UPDATE for October 30-31, 2021
So far, only this bank story to share....
While speaking to my bank manager today from one of the top tier banks, I asked about key points at the exchange meeting. He was adamant that they would be looking for sharp, short and shiny appointments, not drawn out confused meetings. The exchange is not to discuss or bring up investments, options etc, rather to save that for the wealth manager of our choosing.
Knowledge about what we are doing is also being looked at…are we bumbling about, confused about interest rates vs exchange rates, etc? An interesting point was about appearance….,if you go in "blinged up" in your fancy apparel, it will be assumed you are interested in appearances more than business and you will most likely not be given the best offers. You will most likely be considered someone who "spends" it all and the money will be gone in a short period of time. He advised being neat, clean , tidy and casual.
His team has been trained to look for calm, informed, and well organized people at the exchange, with long term prospects.
10-31-2021 Newshound Guru Breitling We do an embargo on them. In other words their market share is shrinking. We're taking away their wealth. So that's what Iran will do to Iraq . They will make sure their markets don't grow. And that's why you want to get out if indeed that happens and it goes down that route. You want to get out of that currency as quickly as possible. Because...the first thing that comes is destroying their currency. And then they have to be that much more dependent on Iran ... [Post 2 of 2]
10-31-2021 Newshound Guru Breitling Question: "Can you clarify the statement you made regarding exchanging the dinar as soon as possible in relation to things going sideways because of Iran 's influence and the RV? What should we as investors look for?" If Iran starts to get heavy-handed in the region then Iraq is going to add value to their currency. They will. That's not going to stop. But how does Iran take that power away from Iraq ? What do they need to do? What does the United States do to Iran ? [Post 1 of 2....stay tuned]
10-31-21 Intel Guru Holly ...We are so close to all things happening. We have never been this close...
10-31-2021 Newshound Guru BobTheTaxMan Question: "Will there be a time limit to exchange?" Likely not. It would be no difference than it is right here.
10-31-2021 Newshound Guru Kaperoni I can't state it enough, never put your dinar in anyone else's hands to manage or exchange on your behalf you will never see it again. Theft has been going on for years and this is just an attempt at stealing your dinar...crooks are relentless at making up scams to acquire your dinar dating back to flying people to Reno NV to meet with scam artists pretending they were bankers
10-31-2021 Newshound Guru Sandy Ingram Article: "Iraq election body soon to announce final results after recount" Finally Iraq is almost ready to announce the results of the election after a recount.
10-31-2021 Newshound/Intel Guru Mnt Goat "At the bank branch of the Central Bank in the province of Basra, the delegation was keen to meet the staff of the branch and discuss the most important organizational matters in the work of the branch. The branch displayed large images of past and current dinars...a 1947 Dinar note with King Faisal II was shown in the Basra branch of the Central bank display. Why did they highlight this past dinar note? Look at the rate for the dinar during that time period. It's $4.86. Go figure! I do not believe in coincidences..." {see Iraqi dinar exchange rate history graph below}
10-31-21 Intel Guru Holly ...We are so close to all things happening. We have never been this close...
10-31-2021 Newshound Guru BobTheTaxMan Question: "Will there be a time limit to exchange?" Likely not. It would be no difference than it is right here.
10-31-2021 Newshound Guru Kaperoni I can't state it enough, never put your dinar in anyone else's hands to manage or exchange on your behalf you will never see it again. Theft has been going on for years and this is just an attempt at stealing your dinar...crooks are relentless at making up scams to acquire your dinar dating back to flying people to Reno NV to meet with scam artists pretending they were bankers
10-31-2021 Newshound Guru Sandy Ingram Article: "Iraq election body soon to announce final results after recount" Finally Iraq is almost ready to announce the results of the election after a recount.
10-31-2021 Newshound/Intel Guru Mnt Goat "At the bank branch of the Central Bank in the province of Basra, the delegation was keen to meet the staff of the branch and discuss the most important organizational matters in the work of the branch. The branch displayed large images of past and current dinars...a 1947 Dinar note with King Faisal II was shown in the Basra branch of the Central bank display. Why did they highlight this past dinar note? Look at the rate for the dinar during that time period. It's $4.86. Go figure! I do not believe in coincidences..." {see Iraqi dinar exchange rate history graph below}
Iraqi Dinar Exchange Rate History
Catnip's Corner:
We meet with you today to anticipate the coming summer, by making plans that will overcome past mistakes with regard to electricity.
The Ministry of Electricity, despite all the great challenges it faced last year, represented by terrorism and sabotage that targeted the towers, as well as other challenges, was able to overcome many of them. Indeed, Iraq recorded the largest energy production during the current year.
There are many past mistakes in this vital file, without which factories, laboratories, and even life stop, and we will work with full force and responsibility to overcome the obstacles in this file.
I personally followed up with executive officials in the Ministry of Electricity and other ministries energy developments, and directed the formation of a crisis cell to address the shortage of hours of electricity production in Baghdad and the provinces.
We are working carefully and with well-thought-out plans for the future to diversify energy sources, and expedite the establishment of clean energy plants with the best international companies, and we have made great strides in this context...
Energy rationalization is a civilized phenomenon, as well as the importance of activating collection to ensure the continuity of production and nutrition.
Development of the ministry’s staff is one of the important matters that the ministry should take care of; To keep pace with the development in the fields of energy, administrative matters and others.
***********
ARTICLE 1 (from PM Kadhimi's website; posted only on Arabic side, not on English side)
The most important thing that Prime Minister Mustafa Al-Kazemi spoke during his visit to the Ministry of Electricity and his meeting with its advanced staff
We meet with you today to anticipate the coming summer, by making plans that will overcome past mistakes with regard to electricity. The Ministry of Electricity, despite all the great challenges it faced last year, represented by terrorism and sabotage that targeted the towers, as well as other challenges, was able to overcome many of them. Indeed, Iraq recorded the largest energy production during the current year. There are many past mistakes in this vital file, without which factories, laboratories, and even life stop, and we will work with full force and responsibility to overcome the obstacles in this file.The ministry has gone through many obstacles since its inception, represented by poor planning and corruption, as well as disruption due to administrative, bureaucratic procedures and laws.
I personally followed up with executive officials in the Ministry of Electricity and other ministries energy developments, and directed the formation of a crisis cell to address the shortage of hours of electricity production in Baghdad and the provinces. We are working carefully and with well-thought-out plans for the future to diversify energy sources, and expedite the establishment of clean energy plants with the best international companies, and we have made great strides in this context... Energy rationalization is a civilized phenomenon, as well as the importance of activating collection to ensure the continuity of production and nutrition. Development of the ministry’s staff is one of the important matters that the ministry should take care of; To keep pace with the development in the fields of energy, administrative matters and others.Media Office of the Prime Minister
31 - October - 2
*************
ARTICLE 2 (from Government of Iraq twitter account)
10-31-2021 around 8:15 am Eastern
PM @MAKadhimi visits the headquarter of Ministry of Electricity and meets the staff. He praises its role in recording the largest energy production during this year and affirms the need to keep in line with the development in fields of energy, administrative matters and others.
10-31-2021 around 2:45 pm Eastern
More than 10,500,000 students start their new academic year. We congratulate our dear students and wish them a successful school year. #BackToSchool
*************
ARTICLE 3
The Sadrist Movement: The next government will implement projects and services
06:04 - 10/31/2021
Baghdad - Mawazine News
The head of the political body of the Sadrist movement, Nassar al-Rubaie, confirmed today, Sunday, that the next Iraqi government will implement projects and services.
The political body said in a statement, "Al-Rubaie received the Japanese ambassador to Iraq, Kotaro Suzuki, at the commission's headquarters in Baghdad, and that the meeting came to discuss the course of the political situation in Iraq and the success of the electoral process in Iraq."
Al-Rubaie said, "The future will be better in the presence of a government that believes in fair and transparent procedures that are reliable in the work of the Iraqi government and the need to support the stability of the country and overcome current challenges by respecting the people's will for reform."
He added, "The joint cooperation in the field of providing support by the Japanese government to the efforts of the Iraqi government in all fields was discussed, because the next Iraqi government is a government to implement projects and services," stressing "the importance of relations between Iraq and Japan and ways to advance them in all fields, as well as benefit from Japanese experience in the reconstruction process.
For his part, the Japanese ambassador stated that: "We agree on what Muqtada al-Sadr and the head of the political body of the Sadrist movement indicated that Iraq should be sovereign without external interference, and that we seek to deepen relations with the new government."
*************
ARTICLE 4
Al-Hamidi: Reducing the price of the dollar is related to the economic plan of the next government
10/31/2021 - 5:42 PM
The former deputy of the Al-Fateh Alliance, Mithaq Al-Hamidi, indicated on Sunday that the decision to reduce the price of the dollar will be in the court of the next government.
Al-Hamidi said in a statement followed by “Al-Ahd News” that “reducing the price of the dollar is related to the economic plan that the new government will come up with and oil prices, which if they remain at their current rates, it will be normal to reduce it.”
She added, "If oil prices fall with the increase in the fiscal deficit in the next budget, with the accumulated debts on Iraq, the dollar prices will remain at the same current rates."
*************
ARTICLE 5
Wild spiders invade a US state
2021-10-31 | 06:38
Spiders, up to 8 centimeters long, invaded the US state of Georgia, raising concern among residents about the impact of a rare environmental phenomenon on their lives.
And the "Guru spider", which has spread dramatically, is native to East Asia, and is common in Japan, China, Korea and Taiwan, and does not pose a threat to humans, but it can bite it if it feels threatened.
These spiders make giant webs of threads up to 3 meters in diameter, and their females have bright yellow, blue and red markings on their bodies.
Witnesses in the city of Winterfell said they saw hundreds of spiders, and one of them explained that large numbers nested on his balcony, which "has become unusable", according to the British "Sky News" network.
Guru spiders were first seen in Georgia in 2014, and later they were also found in South Carolina.
Will Hudson, an entomologist at the University of Georgia, believes that this type of spider will spread across the southern United States soon.
According to Hudson, it is not clear why there is such a significant increase in spider numbers this year, but it may be related to the amount of rain.
"We're seeing a decrease and an increase in the number of different species, and it may be related to local conditions, especially slight changes in rainfall," said Paula Cushing, a marine biologist at the Denver Museum of Nature and Science.
But on the other hand, Nancy Henkel, an entomologist at the University of Georgia, said that "Guru spiders" help reduce the spread of mosquitoes and flies, and they are one of the few species that catch and eat brown stink bugs, which are dangerous pests for many agricultural crops. .
She added, "This is cool and exciting. Spiders are our friends. They hunt all the pests we don't want around our house."
*************
No comments:
Post a Comment