WOTS MON NOV 8 21 Ariba Iraq opens a new center for printing and issuing payment cards in Baghdad
These are the articles I discussed on the My FX Buddies Podcast:
Iran-backed militia staged drone attack on Iraqi PM - officials
BAGHDAD, Nov 8 (Reuters) - A drone attack that targeted the Iraqi prime minister on Sunday was carried out by at least one Iran-backed militia, Iraqi security officials and militia sources said, weeks after pro-Iran groups were routed in elections they say were rigged.
But the neighbouring Islamic Republic is unlikely to have sanctioned the attack as Tehran is keen to avoid a spiral of violence on its western border, the sources and independent analysts said.
Prime Minister Mustafa al-Kadhimi escaped unhurt when three drones carrying explosives were launched at his residence in Baghdad. Several of his bodyguards were injured.
The incident whipped up tensions in Iraq, where powerful Iran-backed paramilitaries are disputing the result of a general election last month that dealt them a crushing defeat at the polls and greatly reduced their strength in parliament.
Many Iraqis fear that tension among the main Shi'ite Muslim groups that dominate government and most state institutions, and also boast paramilitary branches, could spiral into broad civil conflict if further such incidents occur.
Baghdad's streets were emptier and quieter than usual on Monday, and additional military and police checkpoints in the capital appeared intent on keeping a lid on tensions.
Iraqi officials and analysts said the attack was meant as a message from militias that they are willing to resort to violence if excluded from the formation of a government, or if their grip on large areas of the state apparatus is challenged.
"It was a clear message of, 'We can create chaos in Iraq - we have the guns, we have the means'," said Hamdi Malik, a specialist on Iraq’s Shi’ite Muslim militias at the Washington Institute.
No group has claimed responsibility for the attack. Iran-backed militia groups did not immediately comment and the Iranian government did not respond to requests for comment.
Two regional officials who spoke on condition of anonymity said Tehran had knowledge about the attack before it was carried out, but that Iranian authorities had not ordered it.
Militia sources said the commander of Iran's Revolutionary Guards overseas Quds Force travelled to Iraq on Sunday after the attack to meet paramilitary leaders and urge them to avoid any further escalation of violence.
Two Iraqi security officials, speaking to Reuters on Monday on condition of anonymity,said the Kataib Hezbollah and Asaib Ahl al-Haq groups carried out the attack in tandem.
Neither group commented for the record.
INTRA-SHI'ITE TENSIONS
The main winner from the election, Shi'ite cleric Moqtada al-Sadr, is a rival of the Iran-backed groups who, unlike them, preaches Iraqi nationalism and opposes all foreign interference, including American and Iranian.
Malik said the drone strike indicated that the Iran-backed militias are positioning themselves in opposition to Sadr, who also boasts a militia - a scenario that would hurt Iran's influence and therefore would likely be opposed by Tehran.
"I don't think Iran wants a Shi'ite-Shi'ite civil war. It would weaken its position in Iraq and allow other groups to grow stronger," he said.
Many Iran-aligned militias have watched Sadr's political rise with concern, fearing he may strike a deal with Kadhimi and moderate Shi'ites allies, and even minority Sunni Muslims and Kurds, that would freeze them out of power.
The Iran-backed groups, which like patron Iran are Shi'ite, regard Kadhimi as both Sadr's man and friendly towards Tehran's arch-foe the United States.
Iran-backed militias have led cries of fraud in the Oct. 10 election but offered no evidence. Since then their supporters have staged weeks of protests near Iraqi government buildings.
MADE IN IRAN
One of the Iraqi security officials said the drones used were of the "quadcopter" type and that each was carrying one projectile containing high explosives capable of damaging buildings and armoured vehicles.
The official added that these were the same type of Iranian-made drones and explosives used in attacks this year on U.S. forces in Iraq, which Washington blames on Iran-aligned militias including Kataib Hezbollah.
The United States last month targeted Iran's drone programme with new sanctions, saying Tehran's elite Revolutionary Guards had deployed drones against U.S. forces, Washington's regional allies and international shipping.
Iran always devotes all its energies to maintaining the stability of Iraq
Iranian Foreign Ministry Spokesman Saeed Khatibzadeh stressed the importance of maintaining the security and stability of Iraq, and said that the Islamic Republic of Iran always devotes all its energies to maintaining Iraq's stability.
Khatibzadeh said in his weekly press conference today, Monday, on the situation in Iraq after the parliamentary elections: The important thing is to preserve the security and stability of Iraq, and all groups and components must work to achieve this, but there are opponents who do not want the transfer of power to take place in a peaceful manner.
He added: Iran has always devoted all its energies so that our friends in the Iraqi government can carry out their responsibilities well.
On mediation by Iran between the various Iraqi groups, he said: The current conditions in Iraq are not mediation conditions. There is a government that carries out its mission with the support of the international community and neighboring countries, including Iran, within the framework of the Iraqi constitution, and Iran has always devoted all its energies to maintaining Iraq's stability.
*Let's allow the relevant and legal institutions to complete their investigations
In response to a question about the failed assassination of the Iraqi Prime Minister recently, he said: We must allow the concerned and legal institutions to complete their investigations. During the phone call that Amir Abdollahian made with Fuad Hussein, it was discussed that we should all work to reveal the culprits, the orderlies, and the perpetrators.
He added: What is important for Iran is to maintain the security and stability of Iraq, and that this stability is not destabilized by external interventions.
* We must eliminate the hotbeds of crises in the region
He affirmed Iran's good-neighborly policy, which was welcomed by all countries, and said: The crisis areas in our region must reach stability with the cooperation of neighbors, and we must remove the hotbeds of crises in the region, which is what we focus on mainly.
In response to a question about building a dam on the Tigris River, Khatibzadeh said: Border agreements on water can help countries to make the water issue an issue for cooperation among themselves, but unilateral approaches will certainly return with harmful results in the humanitarian and environmental fields.
economic ethics
Qani meets two important figures in Baghdad and quickly returns to Iran
In the document, the Commission announces the termination of consideration of appeals submitted on the election results and their appendices
In the document, the Commission announces the termination of consideration of the appeals submitted on the election results and their appendices.
the document is in Arabic and I can't copy and paste it but here is part of the text of it.
and then the Commission began checking the stations, counting and sorting them manually from In which evidence was presented within the appendix of the 87 appeals, from Thursday (November 3, 2021) until Sunday (November 7, 2021), so that the total number of stations that were counted and sorted is (4,324) and consists of: (2188) stations At the stage of reviewing appeals, (2136) in the stage of looking at the evidence of supplements 57 ° F Cloudy Appeals. The appeals submitted were based on multiple reasons to ensure conformity of the results or lack of conviction with the results of the vote. The Central Committee and the supporting committees took the necessary measures to finalize the appeals file. They checked all the ballot papers in the contested stations and the results were identical, except for the invalid papers, where the committee found that very few of them were found to be valid papers through a visual audit, where the necessary action was taken. regarding it in accordance with the procedures and regulations, and it was presented to the Board of Commissioners, which in turn submitted it to the Judicial Commission for Elections to have its say in it. The Commission will announce all the details in light of the decisions of the electoral judiciary and the announcement of the final results after that
Al-Kazemi’s advisor: The rest of Kuwait’s compensation is $600 million
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the rest of Kuwait's compensation is 600 million dollars, indicating that these compensations will end in the first quarter of 2022.
Saleh said in a press interview, which was monitored by The Independent today, Monday; “The rest of Kuwait’s compensation is more than half a billion dollars and it is up to 600 million dollars,” noting that “compensations are deducted from oil and at an amount of 3% of the value of each exported barrel out of 52.4 billion dollars imposed on Iraq.”
Saleh added; That “the compensation file will be closed soon and within the limits of the first chapter of the next year 2022,” noting that “the completion of these compensations will close any trace and belongings of Chapter VII imposed by the Security Council on Iraq 30 years ago due to the Kuwait war.”
Saleh pointed out that "the completion of the compensation will bring to Iraq some of the money that was going as compensation to turn its annual flows for the benefit of the Iraqi economy and achieve a financial space of not less than 2 billion dollars annually, according to oil prices, to enhance the financial sustainability of the country."
Iraq must deposit 5% of its export revenues from sales of oil, its products and gas, before reducing it to 3% in 2018 in a UN fund established under the name of the United Nations Compensation Fund.
In 1991, a UN Compensation Committee was formed, obligating Baghdad to pay $52.4 billion in compensation to individuals, companies, governmental organizations and others, who incurred losses resulting directly from the invasion and occupation of Kuwait.
Al-Fateh: The sit-ins will continue until the rights are returned to its people
A member of the Al-Fateh Alliance, Hassan Salem, confirmed, on Monday, that the peaceful sit-ins guaranteed by the constitution and the demand for legitimate rights will continue until the rights are returned to their people.
Salem said, "Peaceful demonstrations will continue until the stolen rights and votes are returned by the Electoral Commission, as well as the detection of the perpetrators involved in targeting peaceful demonstrators."
He added, "Our peaceful sit-ins continue, and we will not be silent about the theft of these votes by the commission," adding: "Today we have more important demands than the issue of elections, forgery, and counting, which is the issue of exposing the perpetrators and criminals who committed their heinous crime against our peaceful children, which led to the martyrdom of two of the protesters.”
Salem continued, "We hold the caretaker government a crime of killing and wounding peaceful demonstrators, and we demand the formation of a committee headed by the popular crowd to reveal the party behind these criminals who attacked peaceful demonstrators."
Report: Al-Kazemi's Government's Policies Halve The Purchasing Power
A press report, on Monday, highlighted the decline in purchasing power of Iraqi citizens and its negative impact on the markets, despite the start of the new school year and the winter season, which usually witnesses a large movement of shoppers.
The newspaper, “Al-Araby Al-Jadeed”, stated in a report seen by “The Information”, that “the owners of shops in the capital, Baghdad, are complaining of stagnation in the market, especially in the automotive sector, home furniture, construction materials, luxury and clothing, as many markets seemed to be in their lowest form despite the entry of The winter season and the start of a new school season, in which Iraqis are accustomed to shopping and buying what they need for their children and homes.”
Hisham al-Hasani, one of the most prominent merchants selling clothes in Al-Shorja market in central Baghdad, said that “the political differences that Iraq witnesses after each election about forming the government sometimes and objecting to the election results at other times, are always a heavy burden on all Iraqis, as the situation remains after all. Turbulent elections and confused economically, politically and security.”
Al-Hasani added that “the Iraqi market, on these days every year, witnesses a very large buying and selling movement, especially with regard to the start of the new school year and the entry of the winter season, but unfortunately the markets seem almost empty of shoppers, although this year the education will be present in schools and universities. “.
He pointed out that "the percentage of sales this year is very weak compared to previous years," noting that the percentage of sales does not exceed 50%, pointing out that the toiling class of daily wage earners and workers in the private sector are the most affected by the deteriorating situation in Iraq.
For his part, Zaid Al-Awsi, who works in a bookstore that sells stationery, said, “The owners of stationery bookstores rejoiced at the return of urban education within schools and universities to dispose of their goods accumulated with them two years ago, estimated at tens of millions, but the market movement until now is not at the required level and as expected. she has".
Al-Awsi added, "Everyone expected that the Ministry of Education's decision would contribute to the return of the market movement and the revival of the stationery market, which depends by 60% on primary and middle school students, but this did not appear clear despite the start of the new school year."
He continued, "Everything in the Iraqi market has risen in price under the pretext of the high exchange rate of the dollar, which touched 1,500 dinars per dollar, offset by a weakness in the purchasing power of citizens, stressing that shop owners are the most affected by the accumulation of goods they have, as well as the deteriorating security situation in Iraq, all of which led to the deterioration of the economic situation in Iraq and the decline in the movement of buying and selling in all economic fields.
Ariba Iraq opens a new center for printing and issuing payment cards in Baghdad
Ariba Iraq Company for Information Technology and Electronic Payment announced the opening of a sophisticated and modern center for printing and issuing payment cards in Baghdad, Iraq.
This center has the highest levels of security for printing plastic cards, and will provide banks with a wide range of printing technologies including wireless payment cards and metal cards, in addition to a fast and high-quality service regardless of the volume of orders.
The opening of this center demonstrates the company's ability to provide the necessary competitive advantage to its customers in Iraq and the region, making it one of the leading companies in Iraq that possesses such capacity with such specifications in one print center fully compliant with PCI card security standards.
This center was equipped with a central card printing device, MATICA S7000 LX, in cooperation with InfotecSystems, the official partner of Matica Fintech. This machine is one of the latest and fastest devices of the Italian company MaticaFintech specialized in the field of technological solutions. These devices are characterized by many specifications such as laser engraving of cards, in addition to digital coding and smart encryption of EMV cards, in addition to the automatic packaging of cards after the completion of the printing process.
This is in addition to direct thermal printing or embossing and indenting, all of these processes are done at an extremely fast speed of more than 1000 cards/hour.
Commenting on this agreement, Areeba Iraq Managing Director Issam Adra said, “Our company is committed to the Iraqi market by investing in the most advanced and secure card issuance systems in order to provide high quality services and record time to deliver cards to our customers. The latest services for the Iraqi market to meet all the requirements of electronic payment.”
“We are proud to strengthen our relationship with Ariba in its regional expansion in Iraq also at this stage, and Systems Infotec has proven through this cooperation that it can be trusted to implement such huge projects thanks to its experienced team And its extensive experience as a provider of card issuance systems and solutions
Below here is the WOTS report The Word on the Street for November 8th 2021:
Baghdad - Stock Exchange of struggle
148,250
The price in most exchanges
Buy 147,750
Selling 148,750
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1430.5000 |  1482.4000 | 1457.0000 | 1456.9000 | 1456.9000 | -0.2000 | 11:26 |
| USD/VND | 22660.0000 | 22661.0000 | 22660.1600 | 22659.4400 | 22660.1600 | -0.8400 | 21:10 |
| USD/CNY |  6.3952 | 6.3972 | 6.3990 | 6.3936 | 6.3980 | -0.0028 | 04:19 |
| USD/KWD | 0.3012 | 0.3022 | 0.3018 | 0.3015 | 0.3018 | -0.0003 | 04:07 |
| GBP/USD | 1.3489 | 1.3489 | 1.3500 | 1.3450 | 1.3480 | -0.0007 | 04:20 |
| USD/IRR | 42000.0000 | 42500.0000 | 42229.8000 | 42213.3000 | 42229.8000 | 0.7000 | 00:00 |
| USD/IDR | 14261.0000 | 14267.0000 | 14323.0000 | 14253.0000 | 14320.0000 | -59.0000 | 04:19 |
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Oil prices have risen to more than $83 per barrel
Oil prices rose, on Monday, after the Saudi oil production company "Aramco" raised the official selling price of its crude, while the price of a barrel of oil reached more than 83 dollars.
Brent crude rose 90 cents, or 1.1%, to $83.64 a barrel, after declining about 2% last week. US crude rose 87 cents, or 1.1%, to $82.14, after falling nearly 3% last week.
Late last Friday, Aramco raised the official selling price for the month of December to buyers of its Arab Light crude in Asia to $2.70 a barrel above the Oman/Dubai average, an increase of $1.40 from this month.
ANZ Research said in a note that Aramco's move indicated that "demand remains strong," as the OPEC member and other major oil exporters continue to curb supplies.
The Organization of the Petroleum Exporting Countries and allies, including Russia, within the framework of the OPEC + group, agreed last week to stick to their plan to increase oil production by 400,000 barrels per day, starting next December.
Al-Kazemi’s advisor: The rest of Kuwait’s compensation is $600 million
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the rest of Kuwait's compensation is 600 million dollars, indicating that these compensations will end in the first quarter of 2022.
Saleh said in a press interview, which was monitored by The Independent today, Monday; “The rest of Kuwait’s compensation is more than half a billion dollars and it is up to 600 million dollars,” noting that “compensations are deducted from oil and at an amount of 3% of the value of each exported barrel out of 52.4 billion dollars imposed on Iraq.”
Saleh added; That “the compensation file will be closed soon and within the limits of the first chapter of the next year 2022,” noting that “the completion of these compensations will close any trace and belongings of Chapter VII imposed by the Security Council on Iraq 30 years ago due to the Kuwait war.”
Saleh pointed out that "the completion of the compensation will bring to Iraq some of the money that was going as compensation to turn its annual flows for the benefit of the Iraqi economy and achieve a financial space of not less than 2 billion dollars annually, according to oil prices, to enhance the financial sustainability of the country."
Iraq must deposit 5% of its export revenues from sales of oil, its products and gas, before reducing it to 3% in 2018 in a UN fund established under the name of the United Nations Compensation Fund.
In 1991, a UN Compensation Committee was formed, obligating Baghdad to pay $52.4 billion in compensation to individuals, companies, governmental organizations and others, who incurred losses resulting directly from the invasion and occupation of Kuwait.
Qani meets two important figures in Baghdad and quickly returns to Iran
Shall we say goodbye to the dollar?
The United States of America has always used its currency to impose hegemony on various political, economic and military fields.
This has alarmed many countries, especially the allies of the United States, such as: the European Union, Japan and Turkey.
On the other hand, we see the (Russian-Chinese) alliance that is most upset and fed up with this prolonged domination.
It seems that there is a strong desire among countries with large economies to extract the hegemony occupied by the dollar, especially after America has turned its allies into “followers.”
The dominance of the dollar and the unipolar
“The search for an alternative bridges the economic gap and dismantles the American hegemony.” This is what we note through the headlines in which the economic newspapers are buzzing.
Will what we see of accelerated developments reach an actual result, or is it just fake media propaganda?
The United States of America considers its currency as an economic power, and a powerful weapon that enables it to subjugate any world power that stands in front of it.
The idea of preventing the circulation of the dollar or dealing with it, and the prohibition of access to the American financial system, is a lethal weapon that the United States manages against its opponents.
This is what we actually see through the policies of the United States against some international companies, and even countries themselves, such as Iran, Syria and others.
If we talk from a purely financial and economic standpoint, the financial system that links the world as a whole is the American financial system, which made the American currency the world's currency.
Important numbers about the dollar will surprise you,
according to US Federal Reserve statistics:
The dollar is used in more than 85% of exchange and trading transactions, worldwide.
75% of the $100 bill is traded outside of US transactions.
The dollar represents 60% of the global reserves of US central banks.
The European Union supplies more than 80% of its energy needs in US dollars
The United States of America forces its allies to rely on the US dollar for trading.
The end of US hegemony in the global economy,
the Chinese yuan
Many believe that what is being said and analyzes about the dominance of the Chinese yuan or the European euro, and the rise of the Russians and their allies, is nothing but media exaggeration.
And a false policy, to influence the dominance of the dollar and try to defeat it.
On the contrary, analysts believe that there is a great fear of the collapse of the US dollar and the demise of its hegemony.
They noted that there are great opportunities for the Chinese yuan to grow and be recognized as a competitor to the dollar in the short term.
Especially after the great vibration that hit the dollar in light of the epidemic that spread recently and the rise in the value of US debts to a value exceeding 28 trillion dollars.
As well as the alarming growth of the digital currency market, and the quest of global economies and multinational companies to adopt and frame such currencies, and support them.
But all this does not mean anything in front of the American control, which has not been shaken so far.
Despite what is being circulated in abundance, the dollar today and in the short and medium term will remain the master of the world, economically, politically, and militarily.
CBI Update: Just a note:
including $46,070,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
11-7-2021 Newshound Guru Kaperoni Article: "UNAMI strongly cones assassination attempt on Iraqi Prime Minister" Apparently there was an attempted drone strike assassination on current Iraqi Prime Minister Kadhimi.
11-7-2021 Intel Guru Frank26 Literally every day the government of Iraq and the Central Bank of Iraq are talking to the citizens...So much is happening at such a fast pace. The governor of the Central Bank of Iraq is the one that's coming out and talking like crazy...They are on a massive campaign to tell the Iraqi citizens what's going on...
11-7-2021 Newshound Guru Breitling The conversation hasn't changed on whether they're going to add value to the currency. That's the same. But how are they going to participate in the markets...Iraq is looking at ways to utilize cryptocurrency because nobody controls it...So how long do you stay in the Iraqi dinar? ...Nobody knows exactly when this market's going to change...but the reality is that if you see...more and more people not using fossil fuels then you know that the Iraqi dinar is probably not gonna last that long. [Could be years and years away] That's how you hedge. That's how you get out. That's an indicator to get out. That's what Iraq is setting themselves up for - insurance. And a lot of that has to do with cryptocurrency. Very interesting stuff because a year ago they weren't taking about this stuff. It's a completely different ball game what's going on right now.
11-7-2021 Newshound Guru Pimpy I'm still keeping my fingers crossed that Al-Kazemi gets in there [As Prime Minister]. As a matter of fact he continues to work as if he will be in there for the next term. Let's hope that happens...because we're already heading in the right direction. You can see they're talking about letting the rate change go back...in increments. They're going to do it gradually. That's what you want. Oil is way up, more than they budgeted. There's a surplus. Outside investors coming in. It's been peaceful. Let's keep it that way. But I think there's a group of people called 'The Great Reset" that are hell bent on stirring up trouble over there.
11-7-2021 Intel Guru Frank26 When the CBI withdraws most, if not all the 3 zero notes, will these three zero notes be null and void to you and me? Will we be able to go into an American bank and say, 'here's my 25k, I'd like to exchange it for the new exchange rate that the CBI put out'? Is the bank in the United States going to say to you, 'no, those are null and void. They were taken out of circulation.' No. The action is to remove the physical three zeros from circulation - period end of story...that's what they're doing at this very nano second...Mustafa said to the citizens, '...3 zero notes...will coexist with the new small category notes. They will be legal tender.' Why Mustafa? Because...it's going to take a little time maybe up to a year or more to retrieve the "mattress dinars" not just from inside of Iraq but from the whole world. You.
11-7-2021 Newshound Guru Sandy Ingram Prime Minister Al-Kazemi "My house was the target of a cowardly attack but thanks to God I and those who work with me are in good health..." There has been continued unrest since the elections in October...there are protests over the results. Pro Iranian groups lost seats in parliament and they have threatened unrest. We find this news to be extremely upsetting...
11-7-2021 Intel Guru MarkZ [via PDK] [...if the CBI was to go international , I would assume they would announce it on a Sunday since their banks are open on Sunday.] I agree with you on that timing…but, it could be different if you look at the history of revaluations. Iraq in the past has liked Tuesdays and Thursdays.
My house was attacked last night by targeting it with drones that were directed at it, and this cowardly act is not worthy of the brave, and does not express the will of the Iraqis. We succeeded in meeting the demand of the people, the reference and the demonstrators to hold early elections, and we provided everything the commission requested. The results of the elections, complaints and appeals are not within the competence of the government, but our duty focused on providing financial and security matters for the conduct of the elections. We prevented Iraq from slipping into a regional war, and were able to cross the country to safety. There are those who are trying to tamper with Iraq's security and want it to be a gang state, and we want to build a state. We fought corruption and we will not stop prosecuting the corrupt, and we will not allow any mediation for these, and they will not escape justice. We ordered an immediate investigation into the events that occurred with the protesters in front of the Green Zone on Friday, and we will put any trespasser behind bars and bring him to justice; Because we do not differentiate between Iraqis. We have come to serve our people, and there are those who want to kidnap Iraq, but we will not allow him to take Iraq from Iraq, because Iraq is greater than any attempts to dwarf it, and it will not be subject to reckless adventures; Because it has a conscious people and a deep cultural heritage. We will pursue those who committed yesterday's crime, we know them well and we will expose them, and the hand of justice will reach the killers of the martyr Colonel Nibras Farman, an officer of the Iraqi National Intelligence Service. I would like to extend all thanks, pride and gratitude to all the honorable, sovereign and highness leaders and leaders of the region and the world who called, sent messages or issued positions in solidarity with the Iraqi state, and I thank all the political forces that expressed their support for the concept of the state vis-à-vis the non-state, and stressed that the life of the state Iraq is long and the ages of advocates of non-state and chaos is short.of Lebanon and Ahmed Aboul Gheit, Secretary-General of the Arab League.
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