WOTS TUE 11 23 21 Al-Kazemi's advisor draws a road map for the sustainability of Iraqi economic growth
No my FX Buddies Podcast today
The dollar exchange rate on the local stock exchange, on Tuesday, (November 23, 2021), according to the monitoring of specialists.
Baghdad - the stock exchange
147,900
....
The price is in most Baghdad exchanges
Purchase
147,500
Sale
148,500
————————
Basra - Bursa
147,950
————————
Erbil - Bursa
147,975
————————
Najaf - Bursa
147,950
———————
Mosul - Bursa
148,000
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1437.4000 |  1490.8000 | 1457.5000 | 1457.4000 | 1457.4000 | 1.2000 | 14:48 |
| USD/VND | 22675.0000 | 22685.0000 | 22661.9000 | 22657.9100 | 22657.9100 | 4.9200 | 03:37 |
| USD/CNY | 6.3878 | 6.3898 | 6.3877 | 6.3818 | 6.3843 | 0.0034 | 05:26 |
| USD/KWD |  0.3024 | 0.3034 | 0.3024 | 0.3023 | 0.3023 | 0.0000 | 05:12 |
| GBP/USD | 1.3357 | 1.3358 | 1.3408 | 1.3358 | 1.3394 | -0.0036 | 05:28 |
| USD/IRR | 42000.0000 | 42500.0000 | 42229.4000 | 42183.6000 | 42229.4000 | -29.4000 | 00:00 |
| USD/IDR | 14274.0000 | 14274.0000 | 14281.0000 | 14250.0000 | 14264.0000 | 8.0000 | 05:26 |
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Mazhar Saleh: The map of Iraqi debts is very large and needs adjustments
The financial advisor to the Prime Minister Mazhar Muhammad Salih revealed, on Monday, .November 22, 2021, the size of Iraq's internal and external debts
Saleh told Al-Masala, "The Iraqi debt map is very large and heterogeneous and needs settlements, and there are debts pending on agreements that must be written off 80% or more because these debts are added to an annual percentage that must be written off or canceled," noting that "The internal debt is between the state's financial ".departments and institutions
He added, "The Iraqi external debts that must be paid amount to 20 billion dollars, while the internal debts ".amount to 60 billion dollars," noting that "there are internal and external debts that have not been settled so far
Earlier, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, revealed that the country's external public debt had decreased to $20 billion, and that the 2022 fiscal budget would be characterized by .greater revenues and less deficit
".Saleh told Al-Masala that "the year 2022 will be free of financial hardships and financing restrictions
Saleh suggested that "Iraq is in recovery and will definitely live in the next 2022 without financial hardships or financing restrictions, caused by a lack of revenues, due to the recovery of the energy market and the boom in ".demand for oil, as well as the increase in the proceeds of Iraq's oil production by 400 thousand barrels per day
The economic expert revealed that Iraq's external public debt has fallen to the limits of 20 billion dollars, and the .public budget bears the debt extinguishing services
He pointed out that "the issue depends on the total expenditure ceilings in the budget, and if it is assumed that the expenditure ceiling in the 2022 budget is the same in 2021, and that the average price of a barrel of oil achieved throughout the year is not less than $75, then the oil revenues will alone cover the total expenditures." ”.in the budget and achieve some surplus from the availability of other non-oil revenues
He added, "This means that, for the first time, there will be a budget that achieves a financial surplus without the need to borrow, and if borrowing is achieved, it does not exceed 3% of the gross domestic product, which is stipulated in the financial management law in force due to ongoing construction projects linked to its financing with international loans," he added. By saying: "In my estimation, it does not exceed $3 billion per year, in ".addition to the construction loan whose bonds are offered for circulation to the public at a trillion dinars
Saleh expected that the draft federal general budget for the year 2022 will differ in its spending ceilings slightly from the budget for the current year 2021, and this is related to the nature of oil revenues, as the price of a barrel of oil and the exported quantities must be adjusted in light of the positive indicators in the energy market and the entry of the global economy into a stage (post-pandemic). Corona), especially the high degrees of international economic openness, the flourishing of trade and investment exchange between the countries of the world, and the .high overall growth rates in the global economy
Iraq's possession of US Treasury bonds is down to about $18 billion
The US Treasury announced, on Tuesday, that Iraq's possession of US bonds decreased to 17.954 billion dollars during the month of September.
And the treasury said in its schedule, which was reviewed by / Mawazine News /, that "Iraq's possession of US Treasury bonds for the month of September decreased by about one billion dollars and by 5.18% to reach 17.954 billion dollars, after it was 18.934 billion dollars last August," noting that "these bonds It is still higher than the month of December of 2020, by 4%, when Iraq's holdings of bonds amounted to $17.1 billion."
And she added, "Iraqi bonds, including long-term guarantees of $8.578 billion and short-term guarantees of $9.376 billion," noting that these bonds represent 6.7% of Arab countries' investments in US bonds and 0.2% of world bonds.
In the Arab world, Saudi Arabia is at the forefront of the most possessing countries, with a value of 124.3 billion dollars, followed by the UAE with 58 billion dollars, Kuwait third with 46.3 billion dollars, then Iraq fourth, Oman fifth with 5.4 billion dollars, then Morocco with 3.8 billion dollars.
She pointed out that "the largest holder of US bonds is Japan, with a value of 1.299 trillion dollars, followed by China, with a rate of 1.047 trillion dollars, followed by Britain, with a value of 566 billion dollars."
Al-Kazemi's advisor draws a road map for the sustainability of Iraqi economic growth
Today, Tuesday, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, identified a set of measures that included the sustainability of Iraqi economic growth, while stressing the need to launch a package of measures that encourage civil activity to invest and produce.
Saleh said in a statement to the official agency, followed by "Nass" (November 23, 2021), that "what matters today is the accelerated growth in the energy sector, whose contribution to the gross domestic product constitutes approximately 45% of it, and its direct and indirect effects extend to the activity of the national economy." And the business cycle in Iraq has increased by more than 80% due to the positive effects resulting from the rise in oil prices and the increase in the quantities produced and exported of crude oil under OPEC.”
He added that "the launch of real investments in support, formation and building of productive capital wealth will remain in the forefront to maintain the sustainability of the achieved positive economic growth, which was initiated by the construction sector under the influence and urging of the initiative of the Central Bank of Iraq to provide nearly 2 trillion dinars that went to finance the housing activity, which is the activity He is really responsible for employing about 20% of the Iraqi labor force, in addition to the growing determination shown by the Iraqi agricultural activity in supporting the basic food security of Iraq despite the water scarcity, and all of this contributed to making the growth rate in the gross domestic product exceed the growth rate of the population, which is A positive indicator in the tendency towards the welfare of society.
He stressed that "preserving the strength of positive tendencies in the investment spending policy or the so-called (investment accelerators) should take the priorities of the government's economic approach by sustaining the momentum of procedures and policies that stimulate investment, especially at the level of care in implementing government projects related to infrastructure and previously suspended, As well as supporting the financing activity of the private sector in conducting its investment activities and launching its initiatives without bureaucratic stumbles here and there.
Saleh considered it "an appropriate opportunity to re-examine the policies and procedures related to encouraging national investment, especially private investment, in one package that helps lift administrative restrictions that are useless to the aforementioned activity and facilitate the business environment with effective government decisions that end in expanding the base of tax flexibility, as happened in the recent cabinet decision and others, and mitigating of all administrative restrictions, as well as adopting the best administrative and executive steps that must be followed in transforming the economic surpluses in the national economy (represented in the strength of the economy’s liquidity) into dynamics that lead to real investment as important financial levers available for use in spending on development and the operation of production factors that lead to sustainability national income growth.
He stressed, "the necessity of launching a package of measures that encourages civil activity in investment and production immediately with the strong support of the government's economic policy in everything related to improving the business environment and supporting the sustainability of growth in the national product and with flexible, effective and discreet procedural policies taken by the responsible government sectoral agencies.
CBI Update: Just a note:
including $60,960,000. CASH
The results of the foreign currency sale window, Wednesday, 11/24/2021, and executed today
www.isx-iq.net/
Shares Traded: not updated for todayValue Traded: not updated for today
11-22-2021 Newshound/Intel Guru Mnt Goat ...The “White Paper” reforms clearly states to take the Iraq dinar to international and trade it on a global trading platform like for instance FOREX...We know also in the White Paper there is plans to harvest the revenues to the GOI from the customs and tariffs. They told us already they are using the most modern software for collection of these taxes and fees. This software ties into global currency exchanges. The IQD must be on the exchange to use the software appropriately.
11-22-2021 Intel Guru MarkZ [via PDK] Redemption folks worked a partial weekend in preparation. They are expecting something this week. Many of them are canceling or rearranging their Thanksgiving plans at this point. These are very positive things.
11-22-2021 Intel Guru Wolverine RV update: ...Washington DC has indicated that the time frame is still anticipated on Tuesday, Nov. 23, 2021 GOD willing to finally receive our blessing. Let's keep praying that the release be done on that target date...
11-22-2021 Intel Guru Frank26 [Firefly boots-on-the-ground Iraqi TV update] FIREFLY: They are talking to us about the gradual increase in our rate. He says it will help monitor our currency so no one can do corruption on the dollar exchange rate. They're saying this will help monitor the exchange rate closely. FRANK: I understand what they are telling you but they're not explaining it correctly. When we came into Iraq back in 2003 it was something like 4500 to 1. Now what is it? 1190 [1450?] to 1. That is the gradual increase in your exchange rate. It is correct what they are saying to you, they're just not explaining it to you. The goal now is to take your exchange rate to 1000 to 1 and then 1 to 1 internationally with a float...this is exciting.
11-22-2021 Intel Guru MarkZ [via PDK] My Iraqi connections are blacked out…i go straight to voicemail. I tried to reach my Australian contact at his home office there…he is a contractor in Iraq and he and his staff are blacked out. Hopefully this is a good thing. Hopefully it means we have a value over there and they are trying to keep it under wraps. I am hitting a brick wall with every one of my Iraqi contacts over there. I will be trying all day to have some news for you all by tonight...I am looking for a very news filled afternoon...
11-22-2021 Intel Guru Holly RV Update...All news from all sources is we are in the perfect window for this to happen now.
11-22-2021 Intel Guru Frank26 Article: "A financial official determines the possibility of changing the dollar exchange rate in next year's budget" Quote: "The (former) Director of the Financial Supervision Bureau, Salah Nuri, has determined, on Tuesday, the possibility of restoring and considering the previous dollar exchange rate." THE GRADUAL INCREASE IN THE IQD EXCHANGE RATE HAS ALREADY OCCURRED AND THE CBI EDUCATION EXPLAINED IT TO THE CITIZENS...YOU ARE NOW GOING TO BE MOVED TO 1000-1 TO BRING IT BACK TO 1-1.
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