WOTS TUE 12 7 21 Gold Council: Iraq maintains its global position
No My FX Buddies Podcast Today
Publishes the exchange rate of the dollar against the Iraqi dinar on the Iraqi Stock Exchange on Tuesday, (December 7, 2021), according to the monitoring of specialists.
———————————rbil-
The Markets:The Asian markets closed upNIK up by 1.89% HSI up by 2.72% SHANG up by .16%The UK markets are currently trading in the green from 1.76% to 2.33%
Precious Metals: Brent 74 WTI 71 Bitcoin: 51,391 10 yr yield: 1.44
Favorite Currencies Forex Quotes
Symbol Bid Ask High Low Open Change Time USD/IQD 
1433.7000 
1486.9000 1456.8000 1456.8000 1456.8000 -0.2000 06:09 USD/VND 23070.0000 23080.0000 22966.0600 22876.4600 22876.4600 103.7200 02:40 USD/CNY 
6.3669 6.3691 6.3752 6.3645 6.3747 -0.0085 05:19 USD/KWD 0.3023 0.3033 0.3024 0.3022 0.3024 -0.0002 05:19 GBP/USD 1.3250 1.3251 1.3289 1.3247 1.3259 -0.0008 05:24 USD/IRR 42025.0000 42525.0000 42245.5000 42229.7000 42245.5000 3.4000 00:00 USD/IDR 14375.0000 14439.0000 14455.0000 14354.0000 14431.0000 -48.0000 05:23
Things in the News:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | 1433.7000 | 1486.9000 | 1456.8000 | 1456.8000 | 1456.8000 | -0.2000 | 06:09 |
| USD/VND | 23070.0000 | 23080.0000 | 22966.0600 | 22876.4600 | 22876.4600 | 103.7200 | 02:40 |
| USD/CNY | 6.3669 | 6.3691 | 6.3752 | 6.3645 | 6.3747 | -0.0085 | 05:19 |
| USD/KWD | 0.3023 | 0.3033 | 0.3024 | 0.3022 | 0.3024 | -0.0002 | 05:19 |
| GBP/USD | 1.3250 | 1.3251 | 1.3289 | 1.3247 | 1.3259 | -0.0008 | 05:24 |
| USD/IRR | 42025.0000 | 42525.0000 | 42245.5000 | 42229.7000 | 42245.5000 | 3.4000 | 00:00 |
| USD/IDR | 14375.0000 | 14439.0000 | 14455.0000 | 14354.0000 | 14431.0000 | -48.0000 | 05:23 |
Central Bank of Bahrain to Offer Digital Payments Platform - PYMNTS.comPYMNTS.comThe Central Bank of Bahrain plans to offer a digital Dinar, which will come from a digital payments platform available “around the clock.”
Evergrande set for restructuring, with no word on first formal default
Toyota to build $1.29 billion EV battery plant in North Carolina, create 1,750 jobs
Evergrande set for restructuring, with no word on first formal default
Toyota to build $1.29 billion EV battery plant in North Carolina, create 1,750 jobs
Iraqi Articles:
Oil prices jump by about 5%, driven by hopes that Omicron fears will recede
Oil prices rose on Tuesday, after rebounding close to 5 percent the previous day as concerns eased about the impact of the Omicron variable on global demand for fuel.
Brent crude futures rose 62 cents, or 0.85 percent, to $73.70 a barrel at 05:24 GMT, after settling up 4.6 percent on Monday. US West Texas Intermediate crude was at $70.28 a barrel, up 70 cents, based on a 4.9% gain in the previous session.
Oil prices fell last week due to fears that vaccines may be less effective against the novel coronavirus variant, Omicron, sparking fears that governments may re-impose restrictions to limit its spread and harm global growth and oil demand.
However, a South African health official reported over the weekend that Omicron's cases there had only shown mild symptoms, and US infectious disease official Anthony Fauci told CNN "there doesn't seem to be a significant degree of severity" yet.
In another sign of confidence in oil demand, Saudi Arabia, the world's largest exporter, raised monthly crude prices on Sunday, after the Organization of the Petroleum Exporting Countries and its allies, in a group known as OPEC +, agreed to continue increasing production by 400,000 barrels. daily in January despite the release of US Strategic Petroleum Reserves.
Gold Council: Iraq maintains its global position
The World Gold Council announced, on Tuesday, that the central banks of countries bought small quantities of gold within one month, while Iraq maintained its global position.
The council said in its latest schedule for the month of December of 2021 and seen by "Economy News", that "the central banks bought two tons of gold on a net basis, as the purchase was met with sales from a small number of banks, which is the lowest monthly total in 2021."
He added, "Four central banks accounted for the vast majority of purchases, with Kazakhstan being the largest buyer, adding 6 tons, followed by India, which added 3.8 tons, and Russia buying 3 tons during the month. Ireland also bought one ton of gold, while three banks recorded Central sales included Uzbekistan 8 tons, Turkey two tons, and Qatar two tons.
He pointed out that "Iraq maintained its global position 39 for the fifth consecutive month out of the 100 countries listed in the table with the largest gold reserves, reaching 96.4 tons of gold, which represents 8.8% of the rest of its other reserves."
He explained that "Iraq also maintained its fifth rank in the Arab world after Saudi Arabia, Libya, Algeria and Lebanon," noting that "the total possession of gold in the five Arab countries amounts to 996.4 tons."
He pointed out that "the United States still leads the rest of the countries with the largest gold possession in the world, at 8,133 thousand tons, followed by Germany, 3,359 thousand tons, then Italy, 2,451 thousand tons, while Suriname ranked 100, with 1.5 tons, preceded by Yemen, with 1.6 tons."
It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world.
Oil prices jump by about 5%, driven by hopes that Omicron fears will recede
Oil prices rose on Tuesday, after rebounding close to 5 percent the previous day as concerns eased about the impact of the Omicron variable on global demand for fuel.
Brent crude futures rose 62 cents, or 0.85 percent, to $73.70 a barrel at 05:24 GMT, after settling up 4.6 percent on Monday. US West Texas Intermediate crude was at $70.28 a barrel, up 70 cents, based on a 4.9% gain in the previous session.
Oil prices fell last week due to fears that vaccines may be less effective against the novel coronavirus variant, Omicron, sparking fears that governments may re-impose restrictions to limit its spread and harm global growth and oil demand.
However, a South African health official reported over the weekend that Omicron's cases there had only shown mild symptoms, and US infectious disease official Anthony Fauci told CNN "there doesn't seem to be a significant degree of severity" yet.
In another sign of confidence in oil demand, Saudi Arabia, the world's largest exporter, raised monthly crude prices on Sunday, after the Organization of the Petroleum Exporting Countries and its allies, in a group known as OPEC +, agreed to continue increasing production by 400,000 barrels. daily in January despite the release of US Strategic Petroleum Reserves.
Gold Council: Iraq maintains its global position
The World Gold Council announced, on Tuesday, that the central banks of countries bought small quantities of gold within one month, while Iraq maintained its global position.
The council said in its latest schedule for the month of December of 2021 and seen by "Economy News", that "the central banks bought two tons of gold on a net basis, as the purchase was met with sales from a small number of banks, which is the lowest monthly total in 2021."
He added, "Four central banks accounted for the vast majority of purchases, with Kazakhstan being the largest buyer, adding 6 tons, followed by India, which added 3.8 tons, and Russia buying 3 tons during the month. Ireland also bought one ton of gold, while three banks recorded Central sales included Uzbekistan 8 tons, Turkey two tons, and Qatar two tons.
He pointed out that "Iraq maintained its global position 39 for the fifth consecutive month out of the 100 countries listed in the table with the largest gold reserves, reaching 96.4 tons of gold, which represents 8.8% of the rest of its other reserves."
He explained that "Iraq also maintained its fifth rank in the Arab world after Saudi Arabia, Libya, Algeria and Lebanon," noting that "the total possession of gold in the five Arab countries amounts to 996.4 tons."
He pointed out that "the United States still leads the rest of the countries with the largest gold possession in the world, at 8,133 thousand tons, followed by Germany, 3,359 thousand tons, then Italy, 2,451 thousand tons, while Suriname ranked 100, with 1.5 tons, preceded by Yemen, with 1.6 tons."
It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world.
A statement from Al-Sadr's office about the last meeting with Blackshart
On Tuesday, Al-Sadr's office issued a statement explaining the outcomes of the meeting of the leader of the Sadrist movement, Muqtada Al-Sadr, and the international representative, Jeanine Plasschaert.
The office said in a statement that "Nass" received a copy of it (December 7, 2021), that "Commander Muqtada al-Sadr received the representative of the Secretary-General of the United Nations in Iraq, Jeanine Blaschaert, today, Tuesday, December 7, 2021 in Najaf - Al-Hanana, and during the meeting, they talked about the situation." the political situation that Iraq is going through.
He added, "Plasschaert congratulated the Sadrist bloc on its victory in the parliamentary elections, stressing that the Sadrists' electoral campaign was successful and that democratic elections are of its nature to produce a winner and a loser, and this is the true meaning of it."
And it confirmed, according to the statement, that "the technical assistance provided by the United Nations was at the request of the reference, His Eminence Mr. Al-Sadr, the Iraqi government and several other political parties."
In the same context, the UN official confirmed, according to the statement, that "the election management by the Commission was a good and technically successful administration."
And the statement continued, "In conclusion, the two sides stressed the importance of ratifying the results without delay - inappropriate - by the Federal Court."
The leader of the Sadrist movement, Riyad Al-Masoudi, confirmed, earlier, that the visit of the United Nations envoy to Iraq, Jeanine Plasschaert, to the leader of the movement, Muqtada Al-Sadr, would discuss a number of files.
Al-Masoudi said, in a statement to "Nass" (December 7, 2021), that "the visit comes to discuss the file of government formation, to hear Al-Sadr's vision, directly, as well as to present the vision of the United Nations and international opinion, to get out of this crisis in a simple way."
He added, "Blaschart has in her pocket a number of options and proposals, to reach results before her next briefing before the UN Security Council," noting that she "began her tour in the Shiite house, before holding meetings with other parties."
Al-Masoudi pointed out that "the violent response to which Plasschaert was briefed by some parties came because the United Nations representative was not convinced of the arguments and appeals made by the coordination framework, which she considered insufficient and not serious."
On Tuesday, the UN representative, Jenin Plaschaert, arrived at the residence of the leader of the Sadrist movement, Muqtada al-Sadr, in Al-Hanana, Najaf Governorate.
A video clip and photos viewed by "Nass" (December 7, 2021), showed part of the meeting with Blackshart and the leader of the Sadrist movement, Muqtada al-Sadr.
On Tuesday, Al-Sadr's office issued a statement explaining the outcomes of the meeting of the leader of the Sadrist movement, Muqtada Al-Sadr, and the international representative, Jeanine Plasschaert.
The office said in a statement that "Nass" received a copy of it (December 7, 2021), that "Commander Muqtada al-Sadr received the representative of the Secretary-General of the United Nations in Iraq, Jeanine Blaschaert, today, Tuesday, December 7, 2021 in Najaf - Al-Hanana, and during the meeting, they talked about the situation." the political situation that Iraq is going through.
He added, "Plasschaert congratulated the Sadrist bloc on its victory in the parliamentary elections, stressing that the Sadrists' electoral campaign was successful and that democratic elections are of its nature to produce a winner and a loser, and this is the true meaning of it."
And it confirmed, according to the statement, that "the technical assistance provided by the United Nations was at the request of the reference, His Eminence Mr. Al-Sadr, the Iraqi government and several other political parties."
In the same context, the UN official confirmed, according to the statement, that "the election management by the Commission was a good and technically successful administration."
And the statement continued, "In conclusion, the two sides stressed the importance of ratifying the results without delay - inappropriate - by the Federal Court."
The leader of the Sadrist movement, Riyad Al-Masoudi, confirmed, earlier, that the visit of the United Nations envoy to Iraq, Jeanine Plasschaert, to the leader of the movement, Muqtada Al-Sadr, would discuss a number of files.
Al-Masoudi said, in a statement to "Nass" (December 7, 2021), that "the visit comes to discuss the file of government formation, to hear Al-Sadr's vision, directly, as well as to present the vision of the United Nations and international opinion, to get out of this crisis in a simple way."
He added, "Blaschart has in her pocket a number of options and proposals, to reach results before her next briefing before the UN Security Council," noting that she "began her tour in the Shiite house, before holding meetings with other parties."
Al-Masoudi pointed out that "the violent response to which Plasschaert was briefed by some parties came because the United Nations representative was not convinced of the arguments and appeals made by the coordination framework, which she considered insufficient and not serious."
On Tuesday, the UN representative, Jenin Plaschaert, arrived at the residence of the leader of the Sadrist movement, Muqtada al-Sadr, in Al-Hanana, Najaf Governorate.
A video clip and photos viewed by "Nass" (December 7, 2021), showed part of the meeting with Blackshart and the leader of the Sadrist movement, Muqtada al-Sadr.
Al-Kazemi’s advisor determines the mechanism for resolving the final accounts and its relationship to the 2021 budget
Today, Tuesday, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, determined the mechanism for resolving the final accounts and its relationship to the general 2021 budget in the country, while noting that the approval of the series of final accounts depends on the role of the next parliament .
Saleh told the Iraqi News Agency (INA): "It is possible for the final accounts related to the country's budgets to go back to previous years until 2020, and be audited by the Federal Financial Supervision Bureau, which will give its opinion on the annual final account."
He added: "The House of Representatives must vote on the final accounts for 2013 and the budget (the reality of the situation) for the year 2014, which represents the actual and presented expenditures, and then the rest of the final accounts can be presented to the Council of Ministers successively in order to submit them to the House of Representatives for approval in accordance with the constitution and the financial management law in force." .
He pointed out that "the expenses and expenditures are prepared within the control work of the Federal Oversight Bureau, but the process of approving them with the observations made by the Bureau in its report must be presented successively to the House of Representatives."
He continued, "In 2020, there was a budget (status) of expenditures and revenues, which necessitated its submission by a separate law as a general budget and a final account at the same time," noting that "all of this depends on the role of the next parliament in approving the series of final accounts completed auditing by the Audit Bureau. Federal Finance.
He pointed out that "we cannot express final accounts for the fiscal year 2021 when it is completed at the end of this December, unless the House of Representatives approves a series of final accounts year by year, successively, starting from 2013 and upward
CBI Update: Just a note:
Today, Tuesday, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, determined the mechanism for resolving the final accounts and its relationship to the general 2021 budget in the country, while noting that the approval of the series of final accounts depends on the role of the next parliament .
Saleh told the Iraqi News Agency (INA): "It is possible for the final accounts related to the country's budgets to go back to previous years until 2020, and be audited by the Federal Financial Supervision Bureau, which will give its opinion on the annual final account."
He added: "The House of Representatives must vote on the final accounts for 2013 and the budget (the reality of the situation) for the year 2014, which represents the actual and presented expenditures, and then the rest of the final accounts can be presented to the Council of Ministers successively in order to submit them to the House of Representatives for approval in accordance with the constitution and the financial management law in force." .
He pointed out that "the expenses and expenditures are prepared within the control work of the Federal Oversight Bureau, but the process of approving them with the observations made by the Bureau in its report must be presented successively to the House of Representatives."
He continued, "In 2020, there was a budget (status) of expenditures and revenues, which necessitated its submission by a separate law as a general budget and a final account at the same time," noting that "all of this depends on the role of the next parliament in approving the series of final accounts completed auditing by the Audit Bureau. Federal Finance.
He pointed out that "we cannot express final accounts for the fiscal year 2021 when it is completed at the end of this December, unless the House of Representatives approves a series of final accounts year by year, successively, starting from 2013 and upward
CBI Update: Just a note:
including $68,290,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
12-7-2021 Intel Guru Frank26 [Firefly boots-on-the-ground Iraqi TV update] FIREFLY: This is weird. The CBI governor is on the television talking about some state-of-the-art technology...they're telling us that we have a 1 of a kind prepaid card for all payments in a Visa card. First of a kind in the Middle East...this is a fully Digital platform and is complete and wishes to have this on the global front so all citizens can make payments internationally. This is getting very serious...
12-6-2021 Intel Guru MarkZ [via PDK] The banks are adamant it’s this week...but its miserable being this close and not crossing the finish line...There really hasn’t been any news this afternoon on progress…It’s been exceptionally quiet. The DC Beltway people are expecting it between Dec 12th and the 15th. Listening to the bankers and the whales that are still on location….they believe it will be this week. Before the weekend …All we can do is watch it play out.
12-6-2021 Intel Guru BobTheTaxMan Now, including these plans in your IQD investment can still give you all the dreams...but with very little effort and very little expense. The choice is yours. Some are going to do nothing...spend it as quickly as possible...and then live a life of coulda, woulda, shoulda done things differently. There's some that are going to do something - exchange slowly...hoping the value of the IQD doesn't fall... - Keeping your exchange income under the proposed $400,000/year...Then there's those who are going to do everything they possibly can...reduce or eliminate those estate taxes...have a tax-free gain and...invest this gain for a tax-free lifetime income and leave a tax-free legacy for their heirs... [NOTE: Consult your tax professionals at the appropriate time to calculate the right tax for your unique circumstances and strategies.] [Post 2 of 2]
12-6-2021 Intel Guru BobTheTaxMan [Reference "No Plan" post from 12-5-2021] Now, let's take another look at the same scenario but with planning and preparation...We got the same 10 million IQD and .50 cents equaling $5 million buckaroonies. Option 1: Gifting Assignments. Why Bob? Because it's a great way to reduce your estate taxes - needs to be done...before the RV. Option 2: The Roth. This is the one and only way to have a completely tax-free gain on your IQD. Option 3: The CRUT (Charitable Remainder UniTrust). It's the best way to exchange your IQD in a tax-free environment and provide yourself a lifetime of income, a legacy and sharing with charities on your passing. [NOTE: Always consult your tax and financial advisors at the appropriate time to build a winning strategy specific to your unique circumstances.] [Post 1 of 2....stay tuned]
12-6-2021 Intel Guru Frank26 The year 2021 is for the purpose of educating the citizens about their monetary reform not their economic reform....the main thing is that they are educating them in the year 2021 about the new small category notes. About the new exchange rate. What did I say to you is in the 2021 budget? What did I say is in the 2022 budget? What did I say is in the 'white papers'... the rate. Last week I told you they educated them on the pros and cons of their monetary reform. It was an hour long video...they told the citizens they were international ...that their currency now has the ability to leave their country or to coming into their country - that's never happened before. They told them that this is the first time ever. There's a whole generation that has never seen their own currency - almost 20 years. So the education process is occurring in the year 2021...
12-6-2021 Intel Guru MarkZ [via PDK] There was a tremendous amount of chatter out of Iraq this weekend. But, there is no new rate out on the streets …there is a tremendous amount of talk. The government is saying basically that they will soon have a new value on the dinar…and a new forex value... Major rate change is the terminology…soon.
12-6-2021 Newshound Guru Pimpy They need to continue to do what it takes to lower that % of oil sales for their budget. A strong private sector means you have a strong economy. A strong economy leads to a strong dinar. I still think it's going to go up in increments until they develop enough of the private sector...less people relying on the gourmet. Stronger economy leads to stronger dinar. Just hang tight, we're seeing them take all the right steps They haven't taken this many positives steps in the right direction in a long time. So far so good.
12-6-2021 Intel/Newshound Guru Frank26 [Firefly boots-on-the-ground Iraqi TV update] This is weird. The CBI governor is on the television talking about some state-of-the-art technology...they're telling us that we have a 1 of a kind prepaid card for all payments in a Visa card. First of a kind in the Middle East...this is a fully Digital platform and is complete and wishes to have this on the global front so all citizens can make payments internationally. This is getting very serious...
12-6-2021 Intel Guru MarkZ [via PDK] [What is the word on the Vietnamese dong?] Still expecting it to go into the $2 range.
12-6-2021 Newshound/Intel Guru Mnt Goat ...What I am told by the CBI is that they are planning a MAJOR rate change and reinstatement to FOREX as part of the White Paper reforms.
Catnip's Corner:
12-6-2021 Intel Guru BobTheTaxMan Now, including these plans in your IQD investment can still give you all the dreams...but with very little effort and very little expense. The choice is yours. Some are going to do nothing...spend it as quickly as possible...and then live a life of coulda, woulda, shoulda done things differently. There's some that are going to do something - exchange slowly...hoping the value of the IQD doesn't fall... - Keeping your exchange income under the proposed $400,000/year...Then there's those who are going to do everything they possibly can...reduce or eliminate those estate taxes...have a tax-free gain and...invest this gain for a tax-free lifetime income and leave a tax-free legacy for their heirs... [NOTE: Consult your tax professionals at the appropriate time to calculate the right tax for your unique circumstances and strategies.] [Post 2 of 2]
12-6-2021 Intel Guru BobTheTaxMan [Reference "No Plan" post from 12-5-2021] Now, let's take another look at the same scenario but with planning and preparation...We got the same 10 million IQD and .50 cents equaling $5 million buckaroonies. Option 1: Gifting Assignments. Why Bob? Because it's a great way to reduce your estate taxes - needs to be done...before the RV. Option 2: The Roth. This is the one and only way to have a completely tax-free gain on your IQD. Option 3: The CRUT (Charitable Remainder UniTrust). It's the best way to exchange your IQD in a tax-free environment and provide yourself a lifetime of income, a legacy and sharing with charities on your passing. [NOTE: Always consult your tax and financial advisors at the appropriate time to build a winning strategy specific to your unique circumstances.] [Post 1 of 2....stay tuned]
12-6-2021 Intel Guru Frank26 The year 2021 is for the purpose of educating the citizens about their monetary reform not their economic reform....the main thing is that they are educating them in the year 2021 about the new small category notes. About the new exchange rate. What did I say to you is in the 2021 budget? What did I say is in the 2022 budget? What did I say is in the 'white papers'... the rate. Last week I told you they educated them on the pros and cons of their monetary reform. It was an hour long video...they told the citizens they were international ...that their currency now has the ability to leave their country or to coming into their country - that's never happened before. They told them that this is the first time ever. There's a whole generation that has never seen their own currency - almost 20 years. So the education process is occurring in the year 2021...
12-6-2021 Intel Guru MarkZ [via PDK] There was a tremendous amount of chatter out of Iraq this weekend. But, there is no new rate out on the streets …there is a tremendous amount of talk. The government is saying basically that they will soon have a new value on the dinar…and a new forex value... Major rate change is the terminology…soon.
12-6-2021 Newshound Guru Pimpy They need to continue to do what it takes to lower that % of oil sales for their budget. A strong private sector means you have a strong economy. A strong economy leads to a strong dinar. I still think it's going to go up in increments until they develop enough of the private sector...less people relying on the gourmet. Stronger economy leads to stronger dinar. Just hang tight, we're seeing them take all the right steps They haven't taken this many positives steps in the right direction in a long time. So far so good.
12-6-2021 Intel/Newshound Guru Frank26 [Firefly boots-on-the-ground Iraqi TV update] This is weird. The CBI governor is on the television talking about some state-of-the-art technology...they're telling us that we have a 1 of a kind prepaid card for all payments in a Visa card. First of a kind in the Middle East...this is a fully Digital platform and is complete and wishes to have this on the global front so all citizens can make payments internationally. This is getting very serious...
12-6-2021 Intel Guru MarkZ [via PDK] [What is the word on the Vietnamese dong?] Still expecting it to go into the $2 range.
12-6-2021 Newshound/Intel Guru Mnt Goat ...What I am told by the CBI is that they are planning a MAJOR rate change and reinstatement to FOREX as part of the White Paper reforms.
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