Friday, December 3, 2021

WOTS THU DEC 2 12 Citizens waiting for change in an atmosphere full of despair..

WOTS THU DEC 2 12 Citizens waiting for change in an atmosphere full of despair..

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These are the articles I discussed on the My FX Buddies Podcast:


In the event of a drop in oil prices, what will the shape of next year's budget look like?

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Oil prices fell today, to about $ 67 a barrel, for the first time since last August, after the OPEC + decision to maintain the increase in production, as well as the outbreak of the new Corona mutant (Omicron).

This decrease came at a time when the Iraqi government is preparing a budget for next year, and although it has set the price of the dollar at (50) dollars, it has set a margin of deficit to be covered by the difference between the price in the budget and the real price of oil.

In this regard, Salah Nouri, the former director of the Financial Supervisory Board, said in an interview with “Mawazine News” that “the policy that the general budget for the year 2022 will follow if oil prices drop below $60 will be austerity, meaning that investment projects will not be disbursed.”

And he indicated, "The budget will also include the door for internal borrowing, if necessary, to maintain the permanence and continuity of salaries."

He added, "The borrowing will be internal, according to the approved plan, because it will be easier, with fewer benefits, and have government control, and that all matters related to the budget are prepared in advance."
He pointed out, "The delay in approving the budget is often in Parliament for the purpose of agreeing on it, and if the new government amends the current formula, it is sent to Parliament.


The end of the meeting between al-Sadr and the coordination framework and an agreement on the renewal of the three presidencies

link    this seems to be official, it's in more than one site, but I want to see officially from Sadr and a named source


The meeting of the head of the Sadrist movement, Muqtada al-Sadr, and the leaders of the coordination framework ended a while ago.
An informed source said in an interview with Mawazine News that "the meeting ended after a session of talks that lasted for about an hour and a half."
He added, "The meeting did not discuss the formation of the government, but the attendees agreed not to renew the three presidencies."

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A source familiar with the current meeting between the Coordinating Framework Forces and the leader of the Sadrist movement stated, Thursday, that the meeting agreed not to renew Al-Kazemi for a second term.
The source said that "the assembled parties representing the various forces of the coordination framework and the leader of the Sadrist movement, Muqtada al-Sadr, in Al-Amiri's house, agreed not to renew Prime Minister Mustafa Al-Kazemi for a second term," noting that "all parties agreed that the next prime minister would be by consensus and be ministers." his government according to the electoral merit.
The source pointed out that the meeting discussed the formation of a committee from the framework and the current to prepare for the upcoming meetings, while the coordinating framework will issue a joint statement revealing the most prominent topics discussed by the Shiite leaders.


New details from Al-Sadr's meeting with the framework: a national majority government that does not agree on the shareholding at all

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On Thursday, the head of the Sadrist bloc, Hassan al-Adari, announced new details of the meeting of the leader of the Sadrist movement, Muqtada al-Sadr, with the coordination framework.  

  

Al-Adhari said in a blog post followed by "Nass" (December 2, 2021), that "the most important thing that came in the meeting of Leader Al-Sadr with the forces of the coordination framework, is as follows:"  

1 That there must be a national majority government.  


2 The resistance was, is, and will remain a chest.  


3 It is necessary to refer to the reference in Najaf exclusively as a reference for all.  


4 The government of a national majority does not agree with its quotas at all.  


5 Fighting corruption is one of our priorities and goals that we will not compromise on.  


6 Al-Sadr put all the points on the letter in a frank discussion whose goal is the interest of Iraq and nothing else.  

  

On Thursday, the coordination framework issued a statement, in which it explained the outcomes of its meeting with the leader of the Sadrist movement, Muqtada al-Sadr.  

  

The framework said in its statement that “Nass” received a copy of it, (December 2, 2021), that “the leaders of the coordination framework received today, Thursday, the leader of the Sadrist movement, Muqtada al-Sadr, at Hadi al-Amiri’s house to discuss outstanding issues and the latest developments in the current situation, in order to strengthen the bonds of unity and brotherhood among the sons of One homeland and in the interest of the Iraqi people, which is a priority for all parties.    

  

He added, "The meeting discussed a number of key issues, including:    

  

1 Take the necessary practical steps to fight corruption, hold the corrupt accountable, and stop the approved waste of public money.    

  

2 Emphasis on the exit of foreign forces according to the announced timetable and the development of mechanisms to ensure that weapons are confined to the hands of the state.    

  

3 Protecting, supporting and organizing the Popular Mobilization in a manner that enhances its role in maintaining security in Iraq.    

  

4 Criminalization of normalization and everything related to it.    

  

5 Joint work to preserve the constants of the Iraqi people in addressing moral and social deviations in accordance with legal frameworks.    

  

6 Work to raise the economic level of deprived areas and remove political competition from all service projects and remove disadvantaged areas from these areas.    

  

He continued, "The two parties agreed to continue dialogues and discussions, leading to the development of realistic solutions to the blockage in the political scene," noting, "while the framework forces affirm their continuation of their legal and public steps with regard to following up on the issue of the election results."    

  

The Wisdom Movement led by Ammar al-Hakim outlined some of the outcomes of the coordination framework meeting, which took place in the presence of the leader of the Sadrist movement, Muqtada al-Sadr.  

  

The leader of the movement, Fadi al-Shammari, said in a clarification that he followed "Nass" (December 2, 2021), that "the meeting of Shiite leaders is a national necessity to save Iraq from sliding into the abyss and internal fighting."      

He added, "The meeting decided that the next prime minister would be by consensus, and the ministers would be eligible for election."      

Al-Shammari indicated that "the meeting dealt with talking about coming up with a unified vision to address the political blockage." 
   
  

He explained that "the participants agreed that this meeting would not be the last, but rather it is a key to other meetings in which the points of contention between the Shiite forces will be agreed upon. The meeting will pave the way for the formation of coordination committees to discuss the details related to forming the largest bloc."   
 
  

He also pointed out that "the meeting agreed to form a joint committee to prepare a unified paper that will be the basis for a government program to be presented to the political partners and will be binding on the next government."      

  

On Thursday, the media office of the head of the Al-Fateh Alliance, Hadi al-Amiri, announced the end of the meeting that brought together the leaders of the coordination framework and the leader of the Sadrist movement, Muqtada al-Sadr.  

The office said in a statement, of which "Nass" received a copy, (December 2, 2021), that "the coordination framework meeting that was held in the office of the head of the Al-Fateh Alliance Hadi Al-Amiri has ended."        

Without revealing more details about the outcome of the meeting.        

  

The head of the "National Sindh" assembly, Ahmed Al-Asadi, confirmed, on Thursday, that the meeting of the coordination framework forces with the leader of the Sadrist movement, Muqtada Al-Sadr, at the house of the head of the Al-Fateh Alliance Hadi Al-Amiri, was to discuss the developments of the current situation.  

Al-Asadi said in a statement published by his office, that “Nass” received a copy of it, (December 2, 2021), “the leaders of the coordination framework received Muqtada al-Sadr at the home of Hajj Hadi al-Amiri to discuss the outstanding issues and the latest developments in the current situation in all cordial and brotherly manner.”          

He added that "this is to strengthen national cohesion and unity among the people of the same nation and to serve the interests of the Iraqi people, which is a priority for all parties."          

  

On Thursday, the head of the Sadrist bloc, Hassan al-Adari, commented on the meeting of the leader of the Sadrist movement, Muqtada al-Sadr, with the leaders of the coordination framework.  


Al-Adhari said in a brief blog post, which was reviewed by “Nass” (December 2, 2021), that he said: “Al-Sadr and Al-Islah do not separate.”   this was a tweet 



A prominent member of Biden's party: Al-Kazemi is the best Iraqi prime minister... and questioning the elections is "the talk of the bankrupts"!

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A member of the American Democratic Party described the allegations of the losing forces in the Iraqi elections that the elections were rigged with the talk of bankrupts.

Mahdi Afifi, a prominent member of the American Democratic Party, rejected the accusations against Washington by some of the losing forces in the Iraqi elections, saying that the matter was "unfounded."

In a statement to Iraqi media, the American politician said, "The international community has followed the Iraqi elections and has recognized that there is no systematic fraud in these elections, and that the blocs that say they have a popular base have become clear about their failure after losing the elections."

However, he added: "When the forces failed to achieve the electoral results, they started talking about fraud and the accusations were referred to Iraqi blocs or to the United States of America."

Afifi added that "talking about Washington's interference in influencing the Iraqi elections and their results is devoid of any evidence," stressing that "the United States did not support one party at the expense of another."

In support of Al-Kazemi, and regarding the next prime minister after the October legislative elections, Afifi said that "Mustafa Al-Kazemi is one of the best prime ministers who has ruled the country and that the United States is fully satisfied with his performance, but the issue of renewing him will be a decision for the Iraqi political blocs.


Barzani's party issues a strongly worded statement after losing two seats in the final results

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The Political Bureau of the Kurdistan Democratic Party said, on Thursday, that a political decision and interference by the President of the Republic and the Head of the Judiciary were made with the aim of manipulating the election results in favor of several parties. 
  

The office said in a statement received by "Nass", a copy of it (December 2, 2021), that "the early elections for the Iraqi Parliament, which took place on October 10, 2021, were fair and democratic until the extension of the appeal period illegally, with a political decision and the intervention of the President of the Republic." And the head of the judiciary, with the aim of manipulating the results in favor of specific parties.  

The statement added, "After our party's political and technical committee met with the Independent High Electoral Commission and the judiciary, it turned out that all evidence proved violations, so we in the Kurdistan Democratic Party reject this interference, change and violations, and defend the rights of our candidates and voters."  

He continued, "We stress the need to recover our stolen rights, and from this standpoint and in order to achieve justice and restore rights to their owners, we will continue our efforts by taking legal measures to obtain those rights and lift violations, and we will announce our next step in due course." 


Citizens waiting for change in an atmosphere full of despair..

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In a state of loss of confidence and despair, popular circles revolve in the orbit of politics because it is directly linked to many aspects of life. Will what they dream of, despite its simplicity, be achieved, which is to live in a state of stability that had promised them that this would happen

It is not known whether the promise will be fulfilled, and citizens see a prosperous age as they were promised. Despite this, the hopes of many do not go far, especially if one looks at previous experiences that led popular circles to a state of despair, and because politics in everything they follow and wait if there is any Surprises may happen in the near future, regardless of their type, pleasant or harmful

Those who are often confused about how to manage their burdened lives, do not aspire to find a space that guarantees life at least, and although it is a timid dream, it has become a complex for not a small part of the popular segments who complain of hardship, and the reason for this is known Conflicts and disagreements do not aim to achieve a popular interest, but partisan and political

We left Ibrahim burdened with his worries and a number of life problems that may continue to haunt him without solutions, as is the case with many citizens who go on the path of distrust with the political developments in the country. Iraq.

In the midst of an optimistic citizen and a pessimist, and between frustration and determination, the popular circles live in anticipation, if what they were asking for change will be achieved, or something else will happen, so hopes will be disappointed. 

The Hashtag #Shia_home_the_largest_bloc Dominates The Iraq Trend After The Coordination Framework Meeting

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The hashtag #Shia_home_the_largest_block topped the Twitter platform after the coordination framework meeting in the presence of Al-Sadr at Al-Amiri's house.

The meeting was attended by the leader of the State of Law coalition, Nuri al-Maliki, the Secretary-General of the Asa'ib Ahl al-Haq movement Sheikh Qais Khazali, the head of the National Contract Alliance, Faleh al-Fayyad, the head of the Victory Alliance Haider al-Abadi, the leader of the Wisdom Movement, Ammar al-Hakim, and the head of the National Path bloc.

A source from within the meeting said that it was agreed to form joint committees between the framework forces and the Sadrist bloc to manage future dialogues, noting that “the understandings that took place came to end the stalemate and doubt that the meeting that was called a few days ago by the leaders in the coordinating framework could not be held.” .

Tweeters mentioned that the enemies of the Shiites who bet on a Shiite Shiite war were all upset about the meeting of the parties of the Shiite house, because the goal of their bet is to expand the area of ​​disagreement and schism among the Shiites to strip them of their power and their right to power as a majority, and that is why their media was busy inciting a Shiite party against the other parties. #A Shiite _ house _ the largest _ bloc.

Another said, "After we give it to her

And no one dares to take it

The Shiites are the ruling majority.

While a member of the coordination framework, Kateh al-Rikabi, explained that “there is no dissonance between the forces of the framework and the Sadrist movement, and what was going on between them was a difference of views that could become understandings if everyone agreed to exchange ideas and fertilize them to come up with a Shiite formation that fits the new stage.”

And a source had confirmed during the previous hours that among the issues that were discussed and agreed upon was the non-renewal of the second term of the current presidencies of Al-Kazemi, Saleh and Al-Hbousi.



December 1st, 2021

The Governor of the Central Bank of Iraq meets the Minister of Youth and Sports

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His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mukhaif, discussed with His Excellency the Minister of Youth and Sports, Mr. Adnan Darjal, in the presence of a group of representatives of Iraqi banks, the bank card project for youth. The Governor of the Central Bank of Iraq said that the Central Bank supports the Ministry of Youth and Sports and encourages banks to issue a bank card targeting young people, which contributes to the launch of banking services dedicated to them and enhances levels of financial inclusion and diversification of services, explaining that this card will be used in universities, colleges, schools, sports clubs and others, and will be for its holder. Various discounts. 

On the other hand, the Minister of Youth and Sports said that this initiative will benefit young people and allow the launch of various services and be used in sports facilities and others, and that the ministry will work with the Central Bank and banks to include all young people in all parts of Iraq and not be limited to a region or governorate. Representatives of the banking sector also welcomed this initiative and affirmed their desire to participate and support this project in light of the full support of the Central Bank of Iraq.
 
 
Central Bank of Iraq
information Office
December 1, 2021


A cryptocurrency trading platform submits an application for a license to the Iraqi

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The Bahraini "Kona MENA" platform for cryptocurrency trading announced that it had applied for a license from the Central Bank of Iraq.

The CEO of the platform, Talal Al-Tabbaa, said in a press statement that “the cryptocurrency trading platform “Coinmena” intends to conduct a new funding round in early 2022, after the success of the first round in raising $9.5 million,” noting that “most of the amount resulting from the financing round, will be used to market Queenmena's activity, products and services across the Gulf markets, while we will invest the rest for expansion."

He added that "the cryptocurrency trading platform, licensed by the Central Bank of Bahrain, aims to expand the scope of its operations in the Middle East and North African markets," stressing that "he submitted licensing applications to the central banks of Iraq, Jordan and Sudan, as well as signing a memorandum of understanding with the Dubai Center." Global trade center to create a hub for digital assets and “Blockchain” technology. 

He pointed out that "the number of users of the platform is growing by 350% per month, since its launch in March," noting that there is great room for growth, as the proportion of cryptocurrency traders in the Middle East and North Africa does not exceed 2% to the population, while the global average exceeds 3.5%".

The Central Bank of Iraq had warned in November of this year 2021 of the risks of dealing in the digital, encrypted and virtual currencies market, given the great risks associated with these currencies and their lack of any legal, regulatory or technical controls or legislation in Iraq.

The bank indicated that it does not guarantee such currencies and does not provide legal protection for those who deal with them, and has not granted a license to any digital currency currently encrypted.

 

Finance Minister: The government is looking forward to strengthening cooperation with Iran, especially economically

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Finance Minister Ali Allawi praised, today, Thursday, the ministry’s headquarters, during his meeting with the Iranian ambassador to Baghdad, Iraj Masjedi, and his accompanying delegation, for the depth of bilateral relations that bind the two neighboring countries, stressing “the importance of working for the sustainability and development of these relations.”

Allawi also expressed, according to a ministry statement, "the Iraqi government's aspiration to extend bridges of cooperation and partnership with various countries, including the Islamic Republic, and to strengthen joint cooperation in various fields, and economic aspects in particular."

For his part, Ambassador Masjedi expressed the desire of his country's government to expand the volume of economic and trade cooperation with Iraq, expressing at the same time his country's orientation towards strengthening the bonds of partnership between the two peoples in various fields.

Below here is the daily WOTS report "Word on the Street" for December 2nd, 2021

Publishes the dollar exchange rate on the local stock exchange for Thursday, December 2, 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 Markets:
The Asian markets closed mixed NIK down by .65% HSI up by .55% SHANG down by .09%
The UK markets are currently trading in the red from .75% to 1.25% 
Our futures are currently trading upward  DOW at 34285 up by .82% SNP at 4537 up by .62% NDX at 15915 up by .29%

Precious Metals:
Gold is red at 1777 Silver is green at 22.32 Copper is green at 425 Platinum is green at 939 
Brent 70 WTI  66   Bitcoin: 56,548  10 yr yield: 1.44

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1431.7000  1484.6000 1455.0000 1455.0000 1455.0000  -1.8000 00:27
 USD/VND  22730.0000  22740.0000 22701.1900 22691.2700 22691.2700  11.7500 02:40
 USD/CNY  6.3736  6.3756 6.3760 6.3660 6.3671  0.0067 05:20
 USD/KWD  0.3022  0.3032 0.3024 0.3021 0.3024  -0.0003 05:10
 GBP/USD  1.3324  1.3326 1.3328 1.3266 1.3267  0.0058 05:20
 USD/IRR  42025.0000  42525.0000 42245.5000 42229.7000 42245.5000  3.4000 00:00
 USD/IDR  14411.0000  14416.0000 14424.0000 14357.0000 14379.0000  31.0000 05:17

Things in the News:

Iraqi Articles:

An economic welcome to the idea of the {Energy Sovereign Fund}

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An economic welcome to the idea of the {Energy Sovereign Fund}

 

The economic community welcomed the government’s intention to establish the Sovereign Energy Fund, stressing the importance of the step in making great progress in electricity projects, and enabling this sector to meet all local needs, stressing the need to develop long and medium-term strategic plans for the project’s work, with the aim of achieving higher 
Positive results from it.
The Sovereign Energy Fund is counting on covering the local need for electricity at the lowest cost, according to the Chairman of the Ministerial Council for Energy, Oil Minister Ihsan Abdul-Jabbar Ismail, who stressed "the importance of approving it to finance long-term investment projects in the energy sector, in support of the national economy and guaranteeing the rights of future generations." .
 
revenue distribution 
A statement by the Ministry of Oil, received by Al-Sabah, stated that Abdul-Jabbar pointed out, during his presidency of the Energy Ministerial Council meeting, that "the Sovereign Energy Fund project is one of the most important projects that were discussed due to its importance and objectives, which revolve around achieving justice in the distribution of revenues from oil and gas, and how Its investment and development, through promising programs and projects, and clear plans commensurate with the great development in the world, including support for electric and renewable energy projects, and investment projects that aim to create clean, sustainable, environmentally friendly energy.”
 
Sustainable development
The minister explained, according to the statement, that "this fund would achieve sustainable development by financing and supporting long-term investment operations in the energy sector, as well as its importance in achieving flexibility in implementing energy plans and programs, and supporting and encouraging projects implemented by non-governmental sectors." .
He pointed out that "one of the fund's objectives is also to work to provide and cover the local need for electrical energy at the lowest cost, and in accordance with sound environmental standards."
 
Economy Welcome
The government's move was welcomed by an economist, who praised the trend aimed at achieving "leaps in energy projects," as expressed by the economic affairs specialist, Aqil Al-Nouri, who stated that "the availability of funding represents the most important steps for implementing strategic projects that have a significant impact on the reality of the economy, including energy projects." Which the country needs quite a few of them to cover the growing demand for energy.
 Al-Nouri pointed out that "this approach would actually advance the energy sector and move it to a new and better phase that meets the aspirations of the country, which suffers from poor service supply of electric energy," noting that "these funds should be linked to a strategic plan that regulates the reality of energy, It requires the need to create a local capital cycle, and this helps in developing the country's reality in all production and service sectors."
 
financial savings 
For his part, the economic expert, Duraid Mahmoud Al-Anazi, believes that this aspect is a “good option” if financial savings are found for it, provided that it is allocated to it from outside the current imports, due to the difficulty of deducting from the current imports for the urgent need in all sectors.

public banking audience

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After years of working with electronic payment cards, state employees have become the vast majority of the public of government banks, due to the work of the salary localization system.

And because this societal segment is the most influential in making public opinion as the main force in the current societal formations, starting with the family and ending with the tribe, the relevant authorities were supposed to seek to gain the confidence of this segment, and to consolidate the bonds of positive interaction with it in order to build trust, which is considered A basic pillar in the work of banks at the levels of banking awareness and protection of the public in all countries of the world. 

However, some government banks, while striving to improve their services and compete with other banks, with the aim of winning more audiences, are still working (for blessing) in making decisions, in the context of policies that are controlled by the facts of the moment, reactions and improvised decisions, and in some cases adopting the patchwork method. in addressing some of the imbalances. 

Which violates many obligations in front of the public, and contributes to undermining the bonds of trust, such as offering to provide some banking services, such as loans whose amounts reach 50 million dinars, and pension advances, which range between 10 to 20 million dinars, for those who settle their salaries in those banks without A schematic vision of the capabilities of these banks in raising credit rates and capital adequacy, which put some of these banks in great embarrassment in front of the public, as their departments were subsequently forced to take decisions that were inconsistent with the nature of the offers promised by the public, such as stopping the granting of loans and advances until further notice , or raising the interest rate that was used to attract the public as a low interest on loans and advances, or modifying the coverage of the net salary of the customer wishing to obtain any advance or loan to less than it was, to avoid the insufficiency of some customers’ salaries in the event of any deduction from the salary before 
his circle.

These and other procedures related to electronic card services that are subject to confusion in the implementation cycles due to rush, poor planning or implementation, negatively affected the public’s assessment of the level of services, and put those government banks in approaches with some private banks that were distinguished in the advancement of their services. Among the categories of the public, it sought to create groups (groups) on social networking sites to attack some of those banks due to the low level of services provided and the failure to adhere to the promises and offers they promised. 
Which requires quick intervention from the administrations of these banks to address the weaknesses and maximize the strengths in providing the level of services to the public to prevent further decline in the competition arena. banking.



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While a state of uncertainty hits investors' attitudes due to increasing concerns about the new Corona mutator, along with a sudden change in the trends of the US Federal Reserve, the digital currency market witnessed unprecedented massive movements by "big whales", exciting movements of whales on 3 Cryptocurrencies by executing dozens of transactions on 3 large-scale first-class digital currencies.

Specifically, the intense movements of whales came on 3 digital currencies, which are Bitcoin, Ethereum and Ripple, according to the transaction tracking platform Whale Alert.

Bitcoin

A transaction of 432 bitcoins worth $24.7 million from an anonymous wallet to Binance.

A transaction of 3,879 bitcoins worth $220,533 million from Coinbase to an anonymous wallet.

A transaction of 15,075 bitcoins worth $862.548 million from anonymous wallet to anonymous wallet.

A transaction of 650 bitcoins worth $37.159 million from an anonymous wallet to Binance.

A transaction of 1,584 bitcoins worth $92.55 million from Xpo to Binance.

A transaction of 393 bitcoins worth $22.87 million from Coinbase to an anonymous wallet.

Ethereum

A transaction of 3,213 Ethereum coins worth $15.18 million from an anonymous wallet to Ox.

A transaction of 5,600 Ethereum coins worth $26.38 million from an anonymous wallet to Binance.

A transaction of 2,543 Ethereum coins worth $11.986 million from an anonymous wallet to FTX.

A transaction of 2,543 Ethereum coins from Binance to an anonymous wallet worth $11.986 million.

A transaction of 3,000 ETH worth $14.275 million from Gemini to Binance.

A transaction of 6,500 Ethereum coins worth $30.695 million from an anonymous wallet to FTX.

A transaction of 2,200 Ethereum coins worth $10.422 million from an anonymous wallet to Coinbase.

Ripple

A deal worth $56.135 million on 56.26 million Ripple coins from anonymous wallet to anonymous wallet.

A transaction of 10 million Ripple coins worth $10.125 million from Cryptocom to an anonymous wallet.

A transaction on 85 million Ripple worth $85.205 million from an anonymous wallet to the BeeTamp platform.

A transaction of 15 million Ripple coins worth 15,014 from BeTump to an anonymous wallet.

market now

The bitcoin fell during those moments less than 0.9% at levels of $58.3 thousand.

On the other hand, Ethereum rises by 0.5% at levels of $4.73 thousand.

While Ripple is declining by more than 1.5%, down to levels of $1.01, and Binance is rising 2% at levels of $646.

While Solana rises by 5% at levels of $228, while Avalanche has increased by 3%, up to levels of $123.

While Polka Dot, Dogecoin and Shiba Inu fell by 1.5%, 3% and 6%, respectively.

investing


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 December 2nd, 2021 total sales amount $180,617,354


ISX Update:   

www.isx-iq.net/

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

12-2-2021   Intel Guru MarkZ   [via PDK]  [...do you have any info how the RV is going to be in Europe ?]  we expect it to roll out just like here in the states. Only difference I am told is bank branches will be used as redemption locations.
12-1-2021   Newshound/Intel Guru Mnt Goat  Article:  "CAN THE DOLLAR EXCHANGE RATE RETURN TO THE PREVIOUS ONE IN THE NEAR FUTURE?"  Again economist Antoine is still talking about floating the dinar on the program rate and not reinstating it. Yes, they do realize you can not float the dinar on the program rate just inside Iraq . It must be liberalized and float on the global markets, thus FOREX and other currency exchanges. This is the CBI plan to do this. So, these articles, like this one, are just more rhetoric from economists who do not know the overall long-term plan for the dinar. The long-term however, is now here.

12-1-2021   Intel Guru Holly  ...From Iraq News... Kuwait confirms receiving $1.47 billion in war compensation from Iraq ... After 40 days of polling, the announcement of the final results of the Iraqi parliamentary elections The Sadrist bloc topped the final election results by obtaining 73 seats, (My understanding is that Iraq had to finish paying Kuwait before they could revalue - to be article 8 compliant. And now that The Sadrist has been announced as the winner, Kazemi should be announced soon.) 

12-1-2021   Intel Guru MarkZ   [via PDK] Someone asked about the dong if I could give some background on it and why it is included in this. Vietnam is one of Iraq ’s top trading partners. They are both included in the first basket and supposed to go at the same time. Vietnam ’s dong value was reduced during the Vietnam war. It was never reinstated. So, if all they did is reinstate their old value and correct it for inflation we would be looking at a rate in the low to mid $2 range.         

12-1-2021   Newshound Guru Pimpy  Finally...so far it looks like it's over.  The electoral commission has announced its results.  Not very much has changed.  Sadr is still the big dog in charge of everything...Sadr is somewhat similar to Trump.  He's a nationalist...what that means is somebody who believes in and supports his own country before other countries...he wants the United States out of his country because he believes they are occupiers.  This also puts him at ends with Iran ...he doesn't want Iran 's two cents in his country either...Sadr is a hard guy to read.  He could be a good guy or a bad guy.  I'm curious to see what kind of government he is going to establish.  Let's hope Kazemi is a part of it and they can get back on track and continue what they started...         

12-1-2021   Intel Guru Frank26  The government of Iraq is talking about the exchange rate.  The Central Bank of Iraq is talking about the budget... shouldn't it be the other way around?  It's not because they are raising the value of their currency...the government of Iraq is interested in the exchange rate for the budget and the CBI is interested in the budget because they need to give them the exchange rate.

12-1-2021   Newshound Guru Adam Montana  It's not often I agree with [Guru] Kaperoni, but this time he has a point.  Funny thing is...there is no overnight RV, this has been building for some time. Those of us here a while now already know this hasn't been an overnight process.  But one night soon... just watch.  [Reference Guru Kaperoni post 11-30-21]

12-1-2021   Newshound Guru MilitiaMan  My sources, specifically talk about that they are being taught about a new exchange rate.  They are being taught that they're going to reform and do these things for the citizens and bring purchasing power.  There's articles that even brought it up this weekend directly saying what we're doing will create purchasing power for the citizens...

12-1-2021   Intel Guru MarkZ   [via PDK]   ...one person...looked at what Iraq owed to Kuwait. He looked at the amount Iraq just paid to Kuwait ($1.47 Billion) He did the math on what was paid in Iraqi dinar.  Doing the conversion it worked out to $2.45 US per dinar.  This really does lend more credence to what we have been hearing that Iraq has moved forward and unpegging from the US dollar.  I don’t think this rate affects us because we are covered under a contract. But this is huge movement... This is right out there for the whole world to see. Maybe this is their way of saying “Hey, we announced things” now they are going to let it float to where they want it. I think this is exactly what we saw. Value changes in Iraq that we can actually track is big…We have seen Iraq in the last 24 hours paying off old debts.  In DINAR. So many are doing the math. All are finding tremendous difference in the value…it’s way up. To me this is absolutely huge.

12-1-2021   Intel Guru RayRen98  FEDERAL RESERVE CONTACT IS SAYING, "ANY MINUTE NOW" AND "WE ARE WORKING AROUND THE CLOCK IN ANTICIPATION!"  BANKERS ARE CONFIRMING SEEING RATES TODAY...DONG FROM .47 TO .68...

12-1-2021   Intel Guru Holly  I don’t like to give any dates as it is a moving target and event based.  All sources say all is done and we await the final release codes. When that happens, it could be this week or longer. We don’t have all the details as to what is happening behind the scenes...

12-1-2021   Newshound/Intel Guru Mnt Goat  ...Yes, November is gone and still no RV, just as I told everyone to wait and watch for early January 2022...The Iraqi news channels are all talking about the dinar and the revaluation. So much news in this area of concern I can hardly read it all...But like I said before, we must be real and ask ourselves if they are just talking about bringing back the pre-December program rate or a full blown reinstatement with the rate on FOREX that we want to see (around $4.81ish)? So far, I am told it is the later of the two and so we move ahead into early 2022 very soon to see what happens.

12-1-2021   Intel Guru Frank26   [Firefly boots-on-the-ground Iraqi TV update Continued]  FRANK:  It's stupid to think that they are going to do it in the first part of next year.  They're going to implement it in the first part of next year.  Because how are they going to open the budget on January 1st without the new exchange rate being exposed That's why they are very soon to show you the new small category notes and then shortly after that or in conjunction with that they will show you the new exchange rate.  That's why they're educating you right now about what they're going to do with the new exchange rate and this new currency.  The new exchange rate belongs to the CBI and the GOI... [Post 2 of 2]

12-1-2021   Intel Guru Frank26  [Firefly boots-on-the-ground Iraqi TV update]   FIREFLY:  They go into talking to us about the 2022 budget. They say to be addressed and passed in early 2022.  He's saying that the budget will be the center on projects of all our reforms and then the CBI in early 2022 we'll review the exchange rate too.  Saying both will walk hand in hand.  FRANK:  Mustafa the Governor of the Central Bank, the only guy that can touch the exchange rate just told you that both the exchange rate and the budget are going to walk hand in hand?  Yes sir! ...Your country is going to be one of the powerhouses of the world... [Post 1 of 2....stay tuned]


Catnip's Corner:
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ARTICLE 1 (from PM Kadhimi's website)

At the time this report was submitted, there are no new articles posted on PM Kadhimi's website.

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ARTICLE 2

Cabinet discusses Covid-19, education, and water scarcity

 01 Dec 2021 - 1:50 pm

The Cabinet held its regular weekly meeting on Tuesday in Baghdad under the chairmanship of Prime Minister Mustafa Al-Kadhimi.

The Cabinet reviewed the political, security, economic developments in Iraq.

The Cabinet was briefed on the latest Covid-19 related health developments, the ongoing government efforts to confront the pandemic, and the efforts of the Ministry of Health to supply vaccines throughout Iraq.

During the meeting, Commander-in-Chief Prime Minister Mustafa Al-Kadhimi directed Joint Operations Command and the Ministry of Interior to remove illegal diversions of rivers and all pumps that bypass the irrigation system, as part of the government efforts to deal with the current water scarcity.

The Cabinet discussed range of topics on its agenda and agreed several measures includingauthorising the Ministry of Education to decide whether to conduct third attempt final exams for stage three of intermediary education, exclusively for this year,

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ARTICLE 3

Commission: Today we will send the names of the winners to the Federal Court for approval
12/01/2021 | 1:28 pm
Information/Baghdad

The Independent High Electoral Commission confirmed, today, Wednesday, that it will send the names of the winners of the seats in the House of Representatives to the Federal Court for approval today, while noting that all complaints submitted to the Federal Court are related to technical issues.

A member of the media team of the Commission, Imad Jamil, said in a statement reported by the official Iraqi News Agency (INA) and seen by / the information /, that "the names of the winners of the seats in the House of Representatives will be sent today, to the Federal Court for approval," noting that "there is no specific time period for ratification of the Appeals filed.

Jamil added, "The complaints submitted to the Federal Court are about the coordinating framework, the examining company, the delay in results, and the tapes of the stations, as well as false papers and equipment malfunctions, all of which are technical issues."

He continued, "There are other appeals or complaints, including regarding the women's quota, as part of the women's quota believes that the enforced winners are not included in the women's quota, and the quota is except for the eligible and the winners of votes," noting that "the Federal Court sent those complaints to the Commission, where they were It was answered by the competent technical committees, and returned to the Federal Court.”

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ARTICLE 4

Al-Rikabi for the Obelisk: The coordination framework will host Al-Sadr Thursday..Al-Maliki will be present
12/01/2021 20:48 

Baghdad / Obelisk: The Director of the Media Office of the President of the State of Law Coalition, Hisham Al-Rikabi, revealed that the leader of the Sadrist movement will be hosted by the coordination framework, Thursday.

Al-Rikabi told the Obelisk that the head of the State of Law coalition, Nuri al-Maliki, will be present at the meeting, along with al-Sadr.

After the announcement of the final results of the elections, and the recognition by the Security Council that they are sound, the electoral process is moving away more than ever from the option of canceling it completely, which is adopted by political forces that base their positions on fraud that they talk about in the results, as well as the belief of some that the presidential decree is unconstitutional. originally.

Since canceling the operation completely has become impossible, it remains to rely on an alliance between the coordination framework and the Sadrist bloc, which is a possible possibility, to avoid reaching the edge of the abyss, or the abyss itself.

And political forces operating within the coordination framework forces announced in a statement on Tuesday that they continue to reject the current results and continue the lawsuit filed before the Federal Court to cancel the elections.

In conditions such as the one in Iraq of multiple sects and religions, negotiations are going in a complex spiral controlled by influential parties that will eventually resort to, according to the odds of a satisfactory agreement, regardless of the number of seats occupied by each party.

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ARTICLE 5

Common methods that pose a threat to the health of the body
Last update 12/01/2021 | 7:09 PM
Information / follow up..

Russian nutritionist Albina Komisarova revealed the wrong and popular approaches to ways to improve the health of the body.

According to the doctor, on the Internet can often be found not only useless, but also dangerous recommendations, saying: “There are such recommendations, from which all eyes are turned to the forehead and you can certainly say, 'This is complete nonsense.'"

In particular, the expert denied the benefits of coffee, multi-day enemas for detoxification, water with lemon or special products to shrink the body, and drinking soda for the prevention of cancer.

The nutritionist also pointed out that it is an illusion to eat certain foods at a precisely defined time (for example, eat bananas until 14:00 or dairy products until 16:00).

In addition, one should not look for parasites in the body without health complaints and take nutritional supplements or medicines for prevention, and also increase immunity in any way other than healthy nutrition and adequate physical activity.

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