WOTS THU DEC 16 21 and DEC 17 21
No My FX Buddies Podcast here to go to
december 18th there will be one there to get you caught up
Exchange rate of the dollar against the Iraqi dinar in Iraq today, Friday, December 17, 2021
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1430.0000 |  1482.9000 | 1456.7000 | 1456.5000 | 1456.5000 | -0.9000 | 11:36 |
| USD/VND | 22980.0000 | 22985.0000 | 23017.4900 | 22971.9600 | 23017.4900 | -50.7200 | 02:14 |
| USD/CNY |  6.3807 | 6.3827 | 6.3816 | 6.3668 | 6.3672 | 0.0134 | 05:22 |
| USD/KWD | 0.3026 | 0.3036 | 0.3030 | 0.3028 | 0.3030 | -0.0003 | 05:07 |
| GBP/USD | 1.3283 | 1.3284 | 1.3339 | 1.3281 | 1.3313 | -0.0030 | 05:22 |
| USD/IRR | 42025.0000 | 42525.0000 | 42245.5000 | 42229.7000 | 42245.5000 | 3.4000 | 00:00 |
| USD/IDR | 14369.0000 | 14372.0000 | 14390.0000 | 14346.0000 | 14361.0000 | 7.0000 | 05:20 |
‘Buy now, pay later’ stocks tumble after U.S. consumer watchdog launches probe
Iraqi Articles:
Having formatting issues can't post
Iraqi Articles:
Having formatting issues can't post
CBI Update: Just a note:
including $0. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
12-17-2021 Intel Guru MarkZ [via PDK] I am hearing fantastic things... hearing there is a mad push. Whether they will make it or not….we will see. I know there is a tremendous amount of anticipation now…especially during the holiday season. We need to manage our expectations. But I will tell you from my sources all over the globe- that there is a big push going on. I am excited at this point. I hope this is it…we are all tired of hype then big let downs…but so much is happening right now.
12-16-2021 Dinar Investors Get Free Crypto Join over 956,657 others who want free crypto. The deal is simple - Place a hotspot in your home or office and get free crypto. You get a couple hundred bucks of crypo each and every month forever. Get free crypto while you sleep. Details are on the get free crypto page. Click here to learn more. The latest Dinar Guru post continue below...
12-16-2021 Newshound Guru Kaperoni It simply reinstates Iraq to its natural status in the world and without oversight or restrictions. If and when Iraq begins to raise the value of the dinar it won't be because of some status or charter it will be based on the success of Iraq's economy and the pressure created as a result of significant investment through the capital account of the Central Bank of Iraq. [Post 2 of 2]
12-16-2021 Newshound Guru Kaperoni Though many are anticipating...Iraq being released from UN Chapter 7 soon, history tells is nothing happens fast in Iraq. My expectations are if Iraq does fulfill its financial obligations to Kuwait the soonest a UN official release would come would be sometime 1st quarter 2022...I am looking at March or April at the soonest to officially be removed...gurus are making more out of it than it is (as if it's a key to a mythical RV). [Post 1 of 2....stay tuned]
12-16-2021 Newshound Guru Pimpy Here's something to think about. Iraq is being expedited through the World Trade Organization. Iraq has started infrastructure and rebuilding. Their economy is recovering. Remember this year we saw an article in which Iraq led all Arab nations as far as GDP was concerned. The growth is there...we know there's other oil fields out there that they just found. We know the country is stable...we also know that [Sadr] is the man who said before the elections that he wants the Iraqi dinar rate change to go back. Now he didn't say where to but he said it was too low and it was effecting the poor people. So we know we have...a holy man and a leader, very influential that at least is going to be campaigning about increasing the value of the dinar.
12-16-2021 Intel Guru Frank26 We've got the education at a different level now. It's faster. It's also more revealing...It's getting louder and deeper on an international scale... They're showing in the last two weeks or so the citizens of Iraq how Iraq is becoming International with their currency. They told them about the new exchange rate. They told them about the new small category notes...
12-16-2021 Guest Guru Nader From The Mid East United States is still in Iraq. That means the war is still going. Your President didn't declare the end of war...Once the end of war declared is good. Once Kuwait has been paid totally - it's a good thing. Once we are out of Chapter 7 - Right now me I cannot sell anything as a salesman because that's the instruction. We can't. We're trying to do business with South Africa, through Turkey, through Kuwait, through Bahrain, through Saudis. We wanna sell to the world...We want to sell a lot of things but we can't because we're in chapter 7. Chapter 7 is stopping us...Me as a business guy I have to buy form Turkey and sell it and it's costing me a lot. I'm making a little but not a lot. Not like my dad used to do or my uncle...
12-16-2021 Intel Guru MarkZ [via PDK] Many more people in place…Every single person who is “key” to this process is exactly where they need to be...At this point we are just waiting for somebody to flip that switch. I know it’s painful...like watching paint dry…but, we appear to be right on top of it.
12-16-2021 Newshound Guru Pimpy Article: "The Central Bank announces the preparations of a study of the currency structure project and warns against changing the exchange rate" I think the exchange rate is going to go up in increments. That's just my own personal opinion but they seem to be doing a lot more than just preparing for small increments. There's something definitely bigger going on.
12-16-2021 Intel Guru Holly ...I can tell you the test groups were successful and we are moving to getting ready for the final release. No one knows the time or the day. We are in the window. Be ready.
12-16-2021 Intel Guru Frank26 Wouldn't it be amazing if they showed them the new small category notes? But first they have to explain to them the new small category notes. They have to explain to the exchange rate changing. Think about it. You barely have an education of maybe 1st grade/2nd grade and they hand you something brand new. A new currency and you're supposed to understand and go about your business? Of course not silly rabbit. That's why the education is so important. Why? Because it must not fail with the citizens of Iraq.
12-16-2021 Newshound Guru Breitling Question: "How do you feel about the articles where they say they're almost done paying Kuwait and The IMF giving them another good report. How do you feel about that?" It gets us very very close.
Publishes the dollar exchange rate in the local markets for Thursday, December 16, 2021, according to the monitoring of specialists.
Baghdad - the stock exchange
147,900
The price in most exchanges
Buy 147,500
Sell 148,250
The exchange rates for yesterday, Wednesday, were as follows:
Baghdad - the stock exchange
148,075
The price in most exchanges
Buy 147,500
Sell 148,500
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | 1430.7000 | 1483.9000 | 1457.6000 | 1457.6000 | 1457.6000 | -0.4000 | 08:24 |
| USD/VND | 22990.0000 | 22995.0000 | 23019.1700 | 23010.7200 | 23010.7200 | 7.0800 | 03:57 |
| USD/CNY | 6.3674 | 6.3694 | 6.3683 | 6.3642 | 6.3659 | 0.0011 | 05:17 |
| USD/KWD | 0.3029 | 0.3039 | 0.3030 | 0.3026 | 0.3030 | -0.0004 | 05:08 |
| GBP/USD | 1.3265 | 1.3266 | 1.3303 | 1.3241 | 1.3250 | 0.0016 | 05:17 |
| USD/IRR | 42000.0000 | 42500.0000 | 42243.7000 | 42226.3000 | 42243.7000 | -3.4000 | 00:00 |
| USD/IDR | 14347.0000 | 14351.0000 | 14372.0000 | 14292.0000 | 14309.0000 | 36.0000 | 05:15 |
Fed accelerates taper and leaves rates unchanged. Five market analysts gauge the impact
Iraqi Articles:
Economist: What The Central Bank Has Achieved From Cash Reserves Requires The Government To Reduce The Exchange Rate
The economic expert Wissam Al-Tamimi said, on Thursday, that the cash reserve achieved by the Central Bank exceeded 64 billion dollars, making it imperative for the government to reduce the dollar exchange rate a year after the decision to raise it by 23 percent.
Al-Tamimi said in a statement to Al-Maalouma, "The Central Bank's assurances on achieving a cash reserve of 64 billion dollars, is only a message to the government regarding issuing a decision either to continue the exchange rate rise or reduce it."
He added, "There are many question marks on the government, especially since there is a great financial abundance achieved from oil revenues and the high exchange rate, at a time when no final accounts have been conducted so that everyone can know the recovered or realized funds for the current year."
Al-Tamimi explained, “The cash reserve achieved by the Central Bank should be faced with a decrease in the exchange rate in the local market, especially since poverty rates have risen according to the statistics of the Ministry of Planning, which needs a quick treatment to remedy what the citizen may resort to to achieve a living, especially that the total prices The purchasing power of the citizen as well as the owners of the markets has increased and decreased, and therefore, continuing with this approach will lead the country to a dangerous slide.”
Mazhar Saleh: Iraq is on the verge of an economic recovery
The financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih, expressed his optimism about the expected deficit levels in the next year’s budget 2022, stressing that the hypothetical deficit gap (will be automatically canceled) as a result of positive oil revenue differences, especially in the event that the average price of a barrel of oil stabilizes at 70 dollars. At the same time, revealing that the 2022 budget seeks to maximize the optimal spending on investment projects, with the aim of achieving a growth rate in the gross domestic product, which is no less than 5%.
Despite the level of optimism expressed by the government advisor, the economist, Manaf Al-Sayegh, believes that estimating the selling price of a barrel of oil in previous budgets is not subject to the standards of the global market, and this leads to the adoption of an inaccurate hypothetical price that pushes towards building spending with an unclear deficit, pointing out That Iraq's budgets are item budgets, and this pattern was abandoned by most countries of the world due to its inefficiency in achieving annual spending requirements, calling for work on balancing goal-oriented programs.
A precautionary deficit
, Saleh said in a statement that "there are developments in the features of the expected general budget for 2022, which approved an oil price of about $50 per barrel, for the purposes of calculating average oil revenues throughout the next year in light of a daily export capacity of more than three million barrels of oil." In the event of an increase in the spending ceiling by 10% over the current ceiling in the 2022 budget, this means that there is a precautionary deficit that will be approved by the budget to avoid undesirable fluctuations in oil prices during the next fiscal year.
According to the foregoing, the financial advisor to the Prime Minister believes that “the hypothetical deficit will be 20% of the total total spending ceiling, and about 8% of GDP, but the average price of a barrel of oil, if it continues to remain stable at $ 70, the budget will be in Mostly an equilibrium situation, and the default deficit gap will be automatically canceled from the positive oil revenue differentials.
An investment budget and
despite the "cautious" optimism shown by Saleh, which is closely related to fluctuating oil prices, with the aim of reaching a budget without a fiscal deficit, the next year's 2022 budget in its other aspects, according to the government advisor, "will be distinguished by introducing a medium-term program for investment projects, With commitment to the program costs for important and strategic projects, and according to their social priorities, especially those that affect the well-being of society and its economic priority, being income-generating and operating the business cycle in the economy.
The next budget will also seek, according to Saleh, to maximize the optimal spending on investment projects with the aim of achieving a growth rate in the gross domestic product that exceeds the population growth rate, and not less than 5% or more, which will lead to an accelerated reduction in unemployment rates as well, stressing These steps will lead to economic recovery in the country.
Items and programs
, in turn, the economic expert, Manaf Al-Sayegh, identified, during a statement, a set of imbalances. He said: The previous budgets suffered a lot, putting at the forefront of these imbalances the budget’s dependence on the principle of items that most countries of the year left, and now depend on the budget of goals-oriented programs, as well as the lack of The issue of estimating the selling price of a barrel of oil in the general budget is subject to international market standards, which pushes towards building spending with an unclear deficit level.
Al-Sayegh hinted that “most budgets since 2014 have witnessed the status of investment spending in them, equal in their expenditures to the value of the planned deficit in the budget, noting that any financial returns that come from selling oil in the event of an improvement in its prices, through which investment expenditures are covered, This means that the government canceled investment spending and mortgaged it to the budget deficit."
Expenditure levels
The economist believes, "The circumstance that Iraq is going through requires a change in the way and pattern of thinking of those who build public budgets in the classical way, which depends on guesswork in determining spending levels, and thus increases in most cases what public spending units need, and leads to higher levels of spending. Operational spending at the expense of annual investment spending, with a decrease in the efficiency level of spending, which leads to waste of public money and encourages corruption. Suggesting in this matter, "transition to a pattern of prioritizing according to the available spending levels, without the need for spending that leads to a deficit, with an emphasis on building budgets on the basis of annual programs subject to measurement, follow-up and modification to turn at the end of the fiscal year into existing projects that serve the community and the state
State Of Law Warns Of An Upcoming “Popular Explosion” Due To Rising Food Prices
leader of the State of Law coalition, Muhammad Saadoun Al-Sihoud, warned, on Thursday, of the dangers of a popular explosion throughout the country as a result of the bitter economic conditions.
Chihod said in a statement to "Al-Maalouma", that "the continued rise in food prices in the local markets portends the outbreak of a popular explosion that may not have negative consequences," noting that "the rise in poverty and unemployment rates as a result of the continued rise in the exchange rate of the dollar against the Iraqi dinar, which ignites more turmoil." Social".
He added, "The government is unable to develop solutions to the problems by raising the prices of foodstuffs, especially flour, oil, rice and other basic materials," noting that "millions of the poor are not able to buy a meal in one day."
The former MP from Al-Muthanna Governorate, Uday Al-Shaalan, had warned earlier of the outbreak of a massive popular revolution due to the economic and social conditions, accusing the government of failing to manage the economic and reform file in the country.
Energy experts: Oil prices are on the rise
CBI Update: Just a note:
including $33,350,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
12-15-2021 Newshound Guru Kaperoni Fitch the credit agency stated in the media today they expect Iraq 's economic growth to go up by over 8.1% in 2022. This is so significant.
12-15-2021 Intel Guru Frank26 Article: "The Central Bank: The Cash reserve increased to 62 Billion dollar" Quote "...which makes it able to influence exchange rates and to prove a comfortably sable economic environment." If we were to translate that into simple English all it says is we're raising the value of our currency and we're bringing out a new currency to match that value. This is great news! This is what we wanted to hear. It's no secret. Everybody know Iraq is lifting the value of its currency and going through the process. No body knows when but it looks like it's pretty darn close...
12-15-2021 Newshound Guru Pimpy Man there sure is a lot of talk about exchange rate changes...you can tell they're really looking into a serious rate change. They have studies going on and I know it says a study at 1200 dinars but really do you have to put together a whole entire committee just to check out 1200 dinars? For the past couple months in the news religiously have been talk about the exchange rate. Will something happen in 2021? It's possible.
12-15-2021 Intel Guru BobTheTaxMan ...instead of cashing in all that IQD and then paying that 40% taxation (not counting what the state's going to assess)...cash in a smaller amount, enough for a down payment and then borrow the money on that house. You're further ahead in the long run to do it that way than to expose yourself to an immediate huge tax bill. On the day you do this, pay your taxes - federal and state. Get them out of the way because they will assess interest and penalties if you don't pay in a timely manner. [Post 2 of 2] [NOTE: Consult your tax professionals at the appropriate time to determine the best exchange strategies for your unique goals and circumstances.]
12-15-2021 Intel Guru BobTheTaxMan ...Taxes...it's the biggest hole in your financial ship. Let's just say if you just got a little bit of IQD...make sure that you're going to be lessening your immediate taxes. Only cash in enough to meet what your goals are...It's all going to be dependent upon what the value is going to be. You want to reduce those income and capital gains taxes. A suggestion might be if one of your goals was to buy a house... [Post 1 of 2....stay tuned]
12-15-2021 Intel Guru MarkZ [via PDK] What I am hearing is that everyone is in place …people are sitting where they are supposed to sit. We have more whales arrived as they prepare to process in 4a…we are getting a little bit closer every day...
12-15-2021 Intel Guru Holly They are continuing to bring in people from T4a and they are being processed. T4a is a test group to test the redemption centers. All is going through without a glitch. It’s not long before they release this to all. This is the best news this is happening and getting to our level.
12-15-2021 Intel Guru Frank26 Article: "The governor of the Central Bank of Iraq meets the UAE Minister of Tolerance and Coexistence, Commissioner-General of Expo 2020" These CBI satellite banks are all over the world.
12-15-2021 Newshound Guru Pimpy I don't think there's going to be any RI or RV called by this weekend. I know you guys are being told that. I could be wrong. We'll see. But if that's the case, we know know that the United Nations has to go ahead and fully pull Iraq out of Chapter 7. They could do it all at one time that's always possible...there's no indication that the rate is going to change by this weekend...there's no evidence or proof out there. Having said that, that doesn't mean it's not going to happen, it's just not going to happen by this weekend...But it obviously does look like they're attempting to do something very shortly with the Iraq dinar...
12-15-2021 Intel Guru Holly ...I am hearing we are in the window for this week. However, I don’t want people to get so disappointed if I does not happen...With that being said, yes the news is great and positive but remember it could be delayed for reasons we are not privy to. I’m not saying it will but have realistic expectations that it could be now, or by the end of the month or into January...We are in a sweet spot we have never been in for this to go. From all I hear it’s happening but again I caution you to be prepared if it doesn’t...Stay positive...
We have no choice but to adhere to the Iraqi identity and belonging to this great country, Iraq, with its achievements, its civilization and its citizens. We have to look into the reasons why some of our youth are involved in violence, and we have to reveal the reasons. These include backwardness, ignorance, neglect of health and education, and lack of concern for human dignity. Extremism and violence have become a global phenomenon due to the repercussions of technology and changes in the world, and in Iraq we are witnessing a special phenomenon. Violence in our society has causes, including the failure of the state and governments. We have many wounds and repercussions in our society, and we must all cooperate to treat them. The most important thing is to search for the causes of extreme extremism, and to examine the circumstances of its emergence in Iraq. A few days ago we celebrated Victory Day, and we witnessed a change since liberation until today. We have a construction movement, but it is still a simple movement, and we must start to get started. There is a failure in the construction of infrastructure and services, and we are still suffering from the repercussions of corruption. Dialogue is the solution, and we must draw lessons from what happened and its causes. The Iraqis are looking forward to building a state of institutions and consolidating the foundations of democracy. We must defeat the culture of violence, the culture of dialogue, and look forward to a better future. Iraq is distinguished by its diversity, and we must turn this diversity into a source of strength, instead of weakness. Some countries spend a lot of money; In order to create diversity in their societies, we must accept pluralism and differing views. We must work together to confront the scourge of corruption, and the government has made great efforts to confront it, and it is still facing great challenges; Because of its actions in this confrontation, the threats are still continuing and public to the Anti-Corruption Commission. I salute your conference, and I suggest organizing continuous workshops to confront violence, as we have responsibilities towards our people and we must work to build a new national sense.The Cabinet held its regular weekly meeting on Tuesday 14/12/2021 in Baghdad under the chairmanship of Prime Minister Mustafa Al-Kadhimi.
The Prime Minister outlined several directives in relation to national security arising from his visit to Makhmour district and to Basra.
The Cabinet reviewed the political and security developments in Iraq.
The Cabinet was briefed on the latest Covid-19 related health developments, and the ongoing government efforts to combat the pandemic.
After discussing the topics on its agenda, the Cabinet agreed several measures, including:
- Allocating an additional 3 billion Iraqi dinars from the Commission of Media and Communications to meet the costs of the International Internet Access Gates project (IGW).
- Authorising additional financial allocations to pay the difference in the salaries of those on daily contracts at the Ministry of Higher Education and Scientific Research for the year 2021.
- Authorising the Ministry of Trade to use available fundsin its public companies, not exceeding 300 billion Iraq dinars, for the purpose of purchasing wheat, providing the food basket items, and paying farmers their financial dues.
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