Tuesday, November 16, 2021

WOTS TUE NOV 16 21 Electoral Commission: There Is A Possibility To Extend The Period For Considering Appeals

 WOTS TUE NOV 16 21

Electoral Commission: There Is A Possibility To Extend The Period For Considering Appeals

Factory shutdowns in Vietnam could have longer impact for apparel and footwear retailers, BofA warns

No My FX Buddies Podcast today

A financial official determines the possibility of changing the dollar exchange rate in next year's budget

link


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.

Nuri said in an interview with "Mawazine News" that "according to our information, the general budget for the next year is not much different from the budgets of previous years, in terms of financial allocations and disbursement, as they will be followed by the same mechanism, and that the method of preparing it and the financial and spending ceiling is similar."

He added, "There is a possibility to reconsider the dollar exchange rate gradually, and that the return will not be in the same way it was changed," noting that "the exchange rate remains on its status in the 2022 budget."
He pointed out, "The rise in the exchange rates of the dollar greatly affected the living situation of citizens, and that the benefit was obtained only for the Ministry of Finance by increasing its financial liquidity and disbursing salaries without the need to borrow."

He pointed out that "the currently approved exchange rate reduced the ability of the Iraqi citizen (the employee) to purchase by 48%, while the fragile classes were the most affected."


Clarification from Al-Kazemi's advisor regarding the decrease in the external public debt

link


Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, explained that the country's external public debt has fallen to $20 billion.

Saleh said, "What was referred to as the decrease in the external public debt to $20 billion is the debts payable, and it does not include the internal public debt or any related external debts that have not been settled under the Paris Club Agreement, which is still included in the public debt and belongs to before 1990, and is routinely included in the known details of religion.”

Earlier, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, announced that the country's external public debt had decreased to $20 billion, while stressing that the year 2022 would be free of financial hardships and financing restrictions.



The exchange rate on the Al-Kifah and Al-Harithiya Central Stock Exchange this morning, (November 16, 2021), reached 148,100 Iraqi dinars, compared to 100 US dollars, after it was yesterday, Monday, 148,075 dinars.
The buying and selling price has stabilized in banking shops in the local markets in Baghdad, where the selling price amounted to 148,500 Iraqi dinars per $100, while the purchase price was 147,500 dinars.
While the price of the dollar fluctuated in Erbil, the capital of the Kurdistan Region, the selling price decreased to 148,350 dinars per $100, and the purchase price increased to 148,200 dinars per $100.





The Markets:
The Asian markets closed mixed NIK up by .11% HSI up by 1.27% SHANG down by .33%
The UK markets are currently trading in the green from .03% to .39% 
Our futures are currently trading down  DOW at 36003  by .02% SNP at 4675.50 by .08% NDX at 16172 down by .09%

Precious Metals:
Gold is green at 1875 Silver is green at 25.26 Copper is red at 439 Platinum is green at 1106 
Brent 82 WTI  81   Bitcoin: 60,601  10 yr yield: 1.60


Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1457.0000  1463.0000 1457.7000 1457.6000 1457.5000  0.2000 00:00
 USD/VND  22650.0000  22651.0000 22634.8900 22632.6200 22632.6200  3.4600 21:51
 USD/CNY  6.3871  6.3891 6.3872 6.3662 6.3822  0.0048 05:30
 USD/KWD  0.3019  0.3029 0.3019 0.3019 0.3019  0.0000 05:24
 GBP/USD  1.3440  1.3441 1.3473 1.3403 1.3408  0.0033 05:30
 USD/IRR  42000.0000  42500.0000 42243.7000 42226.3000 42243.7000  9.0000 00:00
 USD/IDR  14250.0000  14250.0000 14252.0000 14173.0000 14191.0000  58.0000 05:30

Things in the News:

The private sector and the future vision

link

The implemented economic systems and economic schools confirmed that there are important transformations related to the work of the government and the private sector in economic life, which reached a consensus that the private sector means that part of the economy that is owned and managed by the owners of private projects and not government departments.

The private sector suffered from continuous neglect after 2003 as a result of the suspension of private industrial and agricultural projects, due to the high production costs and the lack of local demand for its products due to the flooding of the Iraqi market with poor imported goods, which took the national capital to different markets around the world.

In 2006, Investment Law No. (13) was issued, which seeks to encourage investments by the private sector and transfer modern technologies to contribute to the process of economic development and development, and to expand its production and service base. The private sector has stopped, as well as the unwillingness of human resources to work within the joints of the private sector, due to the lack of guarantee for them after the termination of their job; That is why we note that everyone looks at the public sector as a guarantee for the future, which made the future image of the private sector tainted by neglect.

These and other reasons led the specialists to develop a private sector development strategy for the years (2014-2030), and this strategy did not succeed to a large extent that the business community in the country wished. The next direction of the government requires a real and actual detailed study of the private sector based on the aforementioned strategy, and for all economic sectors, as well as its support from the material side, i.e. financing and technical according to modern technologies and means, and it is necessary to activate the Social Security Law in cooperation with the Ministry of Labor and Social Affairs Coordination with the Ministry of Finance, especially the Accounting Department, in implementing the funds allocated to the Ministry of Labor and Social Affairs, and the Department of Social Security.

This requires the application of the principles of governance in all private sector companies, and the amendment of fees and taxes imposed on the private sector, especially companies importing foodstuffs, in addition to activating the agricultural and industrial bank within the law as specialists in the development of agriculture and industry in Iraq, and if this vision is implemented in a way My real and serious will move the private sector to a large extent from the dark region to the bright region.

Electoral Commission: There Is A Possibility To Extend The Period For Considering Appeals

link

Today, Monday, the Electoral Commission confirmed that differences in results were recorded by a small difference during the process of counting and sorting 108 stations today, based on a decision by the judiciary, while indicating that minor differences may change the results after the counting.

A member of the media team in the Electoral Commission, Imad Jamil Mohsen, said in a statement followed by "The Information", that "the appeals about the results are related to the complainant's filing an appeal regarding the electoral center and the aforementioned stations, with the provision of evidence and evidence. 4326 stations were counted among the appeals and their appendices in light of the appeals and complaints, and the result was Matching".

He added, "The counting and sorting process that took place today and included 108 stations in Baghdad / Rusafa is linked to the decisions of the judiciary in the Electoral Commission, and that the commission's teams are ready for any new counting and sorting process based on the commission's decisions as soon as possible."

He continued, "The stations that were requested to be sorted today have stations that were sorted on polling day and new ones that were sorted for the first time."

He stressed that "the decisions of the judiciary are final and binding on the commission and the complainants, and it has a period of 10 days to consider appeals, and its decisions are quick."

He continued, "There are differences between the last winner and the first loser, ranging from 5-20 votes in a number of districts, and there may be a change in the results after the counting in light of the minor differences."

He stressed that "the counting process today saw differences in votes in 8 stations with two to three votes, which caused a change in the results."

He pointed out that "the issue of setting a date for announcing the final results and the names of the winners is linked to the judicial authority's termination of consideration of the appeals, and it has 10 days and may need to extend this period in light of its request to investigate some stations and the need for more time."

Today, Monday, the Electoral Commission issued a clarification statement after counting 108 stations in the Rusafa Elections Office.



CBI Update:  Just  a note:

They have been having auctions and the ISX has been trading regularly; the sites just don't update in time to put the information in this report, unless it is 
here.   

Click on the link above for the latest update.

The CBI for rate is 1460

The currency auction For November 16th, 2021 total sales amount $200,535,642. 

including   $62,310,000. CASH 


ISX Update:   

www.isx-iq.net/

Shares Traded: not updated for today
Value Traded: not updated for today 

11-15-2021   Intel Guru MarkZ   [via PDK]   [Do you really think we are going to see the RV this year?]   Yes, I really do. We have so much coming our way. Today people are in position with a lot of appointments set up for tomorrow afternoon. Big bankers meeting tomorrow afternoon 2 pm Reno time. They are telling me they hope to be setting their schedule. Setting up who goes first of the people that have just come into town. This is for currency...At this point i believe this is event driven and we are looking for some kind of event to happen that they can come and rescue us from. 

11-15-2021   Intel Guru RayRen98   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.

11-15-2021   Intel Guru MarkZ   [via PDK]   [Will there be both a street rate and contract rate for the dong?]  I believe so…Yes. When we have seen revaluations in the past, and there is a lot of history out there to justify this. Countries usually come out with a lower rate on the streets in that country. Usually there is a pause of days between when the rate comes out in that country before they release it Internationally.  When Kuwait went in 1991 there was 10 days between when the rate was released in country to when it was released internationally. We may see a similar thing on this RV with the dong. We may see a lower rate on the dong in Vietnam before they release the contract or international rate for us. This is what we have seen in the past.

11-15-2021   Intel Guru Frank26  Question: "Now that the ATM machines have stopped distributing all the Iraqi dinars is everything being done digitally now?"  I never said that all the 3 zero notes were stopped...I told you that they are going to stop printing 3 zero notes therefore they're gonna stop putting 3 zero notes in the ATM machines.  Why?  Because it's a brilliant way to force the Iraqi citizens to bring in the less than 30% of the 3 zero notes that they have (as we call them 'dinar mattresses')...has it been working?  Yeah! ...Beautiful.  Brilliant. 

11-15-2021   Newshound Guru Kaperoni   Question: "...Is this toilet paper or should I have real hopes..?"  The Iraqi dinar is a real currency used in an emerging market country. The success of the dinar will be the result of Iraq to build and develop an economy. With the success of that economy the dinar can rise, it just wont be overnight...

11-15-2021   Intel Guru MarkZ   [via PDK]  I am looking for today to be a pretty solid news day later today...I heard there are a number of whales [a whale has over one hundred million of a currency] and groups that got in place over the weekend in anticipation of this week...I know of 5 more contacts that arrived in the Reno area over the weekend. I am pretty excited about that. It should allow me to get better intel there...No rate change yet in Iraq.

11-15-2021   Intel Guru RayRen98   A bank source called me stating a 95% "feeling" that next week is our week with the potential start day on Tuesday.   There is no new info on the rates, but he is hearing 1:1 (no explanation given)  Time Will Definitely Tell!

11-15-2021   Intel Guru Frank26   [Firefly boots-on-the-ground Iraqi TV update]  FIREFLY:  They're now showing Lukoil has just found a new oil field in Iraq and this is the CBI telling us it has reserves of 7 billion barrels.  This is huge.  They just found this.  FRANK:  Actually no, they didn't just find this. This was found a long time ago and I'll tell you another thing, there are hundreds of oil fields that they haven't told you about that are actually in reserve right now and not being refined because they don't have the economic reform just yet.  Your country is rich until the end of eternity.  FIREFLY:  They just told us that we just reached 100 tons of gold reserves...


Catnip's Corner:
***********
ARTICLE 1 (from PM Kadhimi's website; posted only on Arabic side, not on English side)

Prime Minister Mustafa Al-Kazemi receives the Vice President of the European Commission

Today, Monday, Prime Minister Mustafa Al-Kazemi received the Vice President of the European Commission, Mr. Margaritis Schinas and his accompanying delegation. During the meeting, they discussed bilateral relations between Iraq and the European Union at various levels.

Mr. Al-Kazemi stressed the importance of cooperation relations with the European Union, and the need to develop them in various political, security, economic, cultural, and other fields. His Excellency also pointed to the importance of benefiting from the development experiences of European countries, especially in the post-war stages, as well as encouraging investment and creating healthy environment for him.

For his part, Vice-President of the European Commission, Mr. Margaritis Schinas, renewed the European Union's support for Iraq as it is on its way to stability, and indicated that the European Union will remain a friend of Iraq in the long strategic term.

The meeting also discussed the issue of Iraqi citizens stranded in a number of European Union cities. In this regard, the Prime Minister stressed the importance of taking all joint measures; To maintain the security and safety of Iraqi citizens in various parts of the European Union, and to work to avoid any Iraqi becoming a victim of smuggling networks, and stressed that the government is working to return all stranded Iraqis voluntarily, in a manner that preserves their dignity.

The Vice-President of the European Commission expressed the European Union's thanks and happiness for the early measures taken by Iraq in combating the smuggling operations of innocent citizens, and stressed the importance of joint cooperation in order to return them.

Media Office of the Prime Minister
15 - November - 2021

*************
ARTICLE 2 (from Government of Iraq twitter account)

Countering disinformation, misinformation, rumours, and false news is the work of a specialist team at Iraq’s
@socialmoigoviq Watch this interview with the Director of Countering Rumours Dept., Brigadier Nibras Mohammed Ali, to learn more:

PM Mr. @MAKadhimi meets the European Commission Vice-President Mr. Margaritis Schinas and his accompanying delegation. The two parties are discussing the bilateral relations between Iraq and the European Union upon various levels.

*************
ARTICLE 3

The full statement of the UN Security Council on the report of the Secretary-General on the Iraqi elections
2021.11.15 - 22:04
Baghdad - people

The United Nations Security Council affirmed, on Monday, its support for the independence, sovereignty and territorial integrity of Iraq, while expressing its aspiration to form an Iraqi government that represents all.

The Council said in a statement, of which "Nass" received a copy, that "the members of the Security Council welcomed the report of the Secretary-General on the electoral process in Iraq and the assistance of the United Nations Assistance Mission for Iraq (UNAMI) to this process, pursuant to resolution 2576 (2021). The members of the Security Council welcomed the positive evaluation of the international election observers at the United Nations Assistance Mission for Iraq,” noting that “the members of the Council congratulated the Government of Iraq and the Independent High Electoral Commission for holding a technically well-managed and generally peaceful election on October 10, 2021.” ".

The Security Council also welcomed "the findings of the United Nations Assistance Mission for Iraq and the Independent High Electoral Commission that the partial manual recount of polling stations conforms to the electronic results transmission system of the Independent High Electoral Commission."

He added that "the members of the Security Council commended the Iraqi people for their commitment to the electoral process in the face of dynamic security challenges, and recognized the role of the United Nations Assistance Mission for Iraq in supporting the efforts of the Iraqi government and the Commission to plan and implement free and fair elections led by Iraqis."

He continued, "The members welcomed the efforts made by the Government of Iraq, the Independent High Electoral Commission and the United Nations Assistance Mission for Iraq to enhance the political participation of women," noting that "the members of the Security Council commended the United Nations Assistance Mission for Iraq for demonstrating objectivity in its efforts to support Iraq throughout the electoral process." .

He pointed out that "the members of the Security Council reiterated their condemnation of the assassination attempt that took place on November 7, 2021 against Iraqi Prime Minister Mustafa Al-Kadhimi and the continuing threats of violence against the United Nations Assistance Mission for Iraq, the Independent High Electoral Commission and others," explaining that "the members of the Security Council expressed their They regret the use of violence to resolve election-related grievances, urged all political parties to pursue legal and peaceful means to resolve these grievances, condemned attempts to discredit the elections, and members of the Security Council encouraged all stakeholders to respect the legally defined process and facilitate a peaceful and independent judicial review of electoral appeals.

They noted, according to the statement, that "UN staff will continue to monitor any illegal attempts to undermine the electoral process."

The members of the Security Council renewed “the Secretary-General’s call on all political parties, candidates and other stakeholders in Iraq to be patient and to address any election-related concerns through existing legal channels, and to create a post-election environment that promotes mutual understanding and national unity, through peaceful and constructive dialogue, and looks forward to The members of the Security Council called for the peaceful formation of an inclusive government that would advance meaningful reforms to meet the needs and aspirations of all Iraqis, including women, youth, and marginalized communities, "renewing their support for Iraq's independence, sovereignty, unity, and territorial integrity."

*************
ARTICLE 4

Al-Abadi and Al-Amiri meet with the President of the Supreme Judicial Council
November 15, 2021

The head of the Al-Fateh Alliance Hadi Al-Amiri and the leader of the Victory Alliance, Dr. Haider Al-Abadi, met with the President of the Supreme Judicial Council, Dr. Faiq Zaidan.

During the meeting, discussions were held about the situation in the country, especially as it is going through a political crisis as a result of the recent elections and their results.

The parties discussed how to resolve the crisis through the constitution and the law, prevent its impact on the people and their interests, and remedy the reflection of political differences on serving the people.

*************
ARTICLE 5

Electoral Commission: There is a possibility to extend the period for considering appeals
11/15/2021 | 9:30 PM
Information / Baghdad...

Today, Monday, the Electoral Commission confirmed that differences in results were recorded by a small difference during the process of counting and sorting 108 stations today, based on a decision by the judiciary, while indicating that minor differences may change the results after the counting.

A member of the media team in the Electoral Commission, Imad Jamil Mohsen, said in a statement followed by "The Information", that "the appeals about the results are related to the complainant's filing an appeal regarding the electoral center and the aforementioned stations, with the provision of evidence and evidence. 4326 stations were counted among the appeals and their appendices in light of the appeals and complaints, and the result was Matching".

He added, "The counting and sorting process that took place today and included 108 stations in Baghdad / Rusafa is linked to the decisions of the judiciary in the Electoral Commission, and that the commission's teams are ready for any new counting and sorting process based on the commission's decisions as soon as possible."

He continued, "The stations that were requested to be sorted today have stations that were sorted on polling day and new ones that were sorted for the first time."

He stressed that "the decisions of the judiciary are final and binding on the commission and the complainants, and it has a period of 10 days to consider appeals, and its decisions are quick."

He continued, "There are differences between the last winner and the first loser, ranging from 5-20 votes in a number of districts, and there may be a change in the results after the counting in light of the minor differences."

He stressed that "the counting process today saw differences in votes in 8 stations with two to three votes, which caused a change in the results."

He pointed out, "The issue of setting a date for announcing the final results and the names of the winners is linked to the judicial authority's termination of appeals, and it has 10 days and may need to extend this period in light of its request to investigate some stations and the need for more time."

Today, Monday, the Electoral Commission issued a clarification statement after counting 108 stations in the Rusafa Elections Office.

*************

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)