WOTS MON JAN 10 2022

To be elected no later than February 8... Iraq opens the door for candidacy for the post of President of the Republic

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

Al-Kazemi comments on removing the name of Iraq from the list of high-risk countries

Prime Minister Mustafa Al-Kadhimi commented, on Monday, after the European Union’s decision to remove Iraq from the list of high-risk countries in money laundering and terrorist financing.

Al-Kazemi wrote in a tweet on "Twitter" today, (January 10, 2022), that "the European Union's decision to remove the name of Iraq from the list of high-risk countries in money laundering and terrorist financing is an important step in dedicating effective Iraqi diplomacy to serve the interests of the country."

He stressed that "governmental and diplomatic efforts are continuing at various levels to put Iraq in the position it deserves."

On Sunday, the Iraqi government announced the removal of Iraq from the European Union's list of countries with high risks in the areas of combating money laundering and terrorist financing.

And the Foreign Ministry said in a statement, "The European Commission delegation handed Prime Minister Mustafa Al-Kazemi a letter that included removing Iraq from this list."

The statement added, "The mission congratulated Iraq on the great measures and efforts that have been taken to improve the anti-money laundering system and combat the financing of terrorism."

He added, "The positive and continuous cooperation provided by the European Union, the countries that voted on the resolution, and the Union mission in Iraq, came after Iraq raised its procedures to the level of international requirements."

In May 2020, the European Commission included Iraq, along with other countries, including Afghanistan, Pakistan, Syria, Yemen, Iran and North Korea, in the list of countries that pose financial risks to the European Union, due to the shortcomings in combating money laundering and terrorist financing.

To be elected no later than February 8... Iraq opens the door for candidacy for the post of President of the Republic

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Today, Monday, the Iraqi parliament announced the opening of the candidacy for the post of President of the Republic.

He stated that those wishing to run who meet the listed conditions must submit their applications with official documents proving the fulfillment of these conditions, along with their CVs, to the Presidency of the House of Representatives, on Tuesdays, Wednesdays and Thursdays.

To run for the post of President of the Republic, the candidate must be Iraqi by birth, of Iraqi parents, of full legal capacity and has completed forty years of age, and “ has a good reputation and political experience and is known for his integrity, uprightness, justice, and loyalty to the homeland.” The candidate must have attained no less than the primary university degree recognized by the Iraqi Ministry of Education. He is not convicted of a crime involving moral turpitude, and he shall not be covered by the provisions of the Law of Accountability and Justice procedures or any procedures that replace them.

The Presidency of the House of Representatives confirmed that the election of the President of the Republic will take place no later than the end of February 8

The Article 140 Committee in Diyala denies promoting compensation transactions and warns against exploitation

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The Implementation Committee of Article 140 in Diyala denied, on Monday, the existence of any decisions or procedures to promote compensation transactions for those covered by its decisions, stressing that there is no budget for compensation at the present time.

The official of the committee, which is based in the city of Khanaqin, Adnan Mansour al-Dalawi, told Shafaq News Agency, "Promoting compensation transactions for those covered by Article 140 is subject to the decisions and controls of the Central Committee for implementing the article and approving a budget allocated to them."

And that "the allocation of the budget of the Committee is limited to the authority of the House of Representatives and the federal government and the approval of the budget for the current year."

Al-Dalawi considered the news circulated on social networking sites, as "just rumors that are not true," warning against any rumors or exploitation of those covered by compensation by any party outside the umbrella of the Governmental Committee of Article 140.

The former Iraqi regime, which was toppled in 2003 by international forces led by America, had made demographic changes in areas inhabited by a national mixture in favor of the Arabs at the expense of the Kurds.

The Iraqi constitution provides in Article 140 to remove the effects of previous policies before holding a referendum in those areas to determine their administrative subordination to the Kurdistan Region or the Federal Government.

Parliament Sets The Date For Electing The President Of The Republic And Sets Out The Conditions For Nomination

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The House of Representatives has set, on Monday, the date for electing the President of the Republic, among the conditions for candidacy for the position.

And the Council’s media department stated, in a statement, that the agency received a copy of it, that “the House of Representatives announces the opening of the nomination for the position of President of the Republic, based on Articles (2 and 3) of Law No. (8) of 2012 (the Law of Provisions for Candidacy for the Position of President of the Republic.”

And she added, “Those who wish to be nominated who meet the conditions listed below must submit their written applications, together with official documents proving the fulfillment of these conditions in them, along with their CVs, to the Presidency of the House of Representatives and hand them over to the Legal Department in the House of Representatives - Conference Palace during the times from nine in the morning until three in the afternoon.” Noon from the days (Tuesday, Wednesday and Thursday) corresponding to (11, 12 and 13/1/2022) for a delivery receipt that proves the submission of the application, the date of submission and its accompanying documents.

According to the statement, “the following are required to be nominated for the position of President of the Republic, based on Article (1) of the law:

First: An Iraqi by birth and of Iraqi parents.

Second: Fully qualified and has completed forty years of age.

Third: He has a good reputation, political experience, and is known for his integrity, uprightness, justice, and loyalty to the homeland.

Fourth: His academic achievement should not be less than the initial university degree recognized by the Ministry of Higher Education and Scientific Research in Iraq.

Fifth: Not convicted of a crime involving moral turpitude.

Sixth: He should not be covered by the provisions of the Law of Accountability and Justice procedures or any procedures that replace them.

The Presidency of the House of Representatives also confirmed that “the election of the President of the Republic will take place no later than the end of February 8, 2022, in implementation of Article (72/second/b) of the Constitution.”

Who is the major bloc that will nominate the next prime minister, the framework or

the Sadrist bloc?

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After a tug of war that lasted for hours during the first session of the Iraqi parliament, the new Speaker of Parliament, Muhammad al-Halbousi, announced the opening of the door for candidacy for the position of President of the Republic, and the adjournment of the first session of the parliament, with the date for the second session to be set at a later time.

In its first session on Sunday, the Iraqi parliament elected al-Halbousi as speaker of parliament in its new (fifth) session, while the Sadrist movement's candidate, Hakim al-Zamili, was elected as his first deputy, and the Kurdistan Democratic Party's candidate, Shakhwan Abdullah, as a second deputy.

Al-Halbousi officially took over the administration of the session with his two deputies. He said in a speech that "the election of the Presidency of the House of Representatives today is a first step in the path of parliamentary legislation, and that the Iraqis expect a lot from us," adding: "We need to correct the path and restore the confidence of the street."

Al-Halbousi announced the opening of the door for candidacy for the position of President of the Republic, stressing that "the period of candidacy for the position extends for 15 days, while on the last day the voting session for the candidates takes place."

Political biography of al-

Halbousi, the youngest speaker of the Iraqi parliament, wins a second term.

In turn, the "Sadr bloc" presented al-Halbousi the names and signatures of the most numerous parliamentary bloc, which is entitled to nominate a prime minister.

Meanwhile, the leader of the "Sadr movement" Muqtada al-Sadr called on Parliament Speaker Muhammad al-Halbousi and his two deputies to make redoubled efforts to assume responsibility, and Sadr's private office stated in a statement, "Al-Sadr made a phone call to al-Halbousi and his two deputies, as well as the head of the age, Khaled al-Daraji, who congratulated them. during which they won and the success of the parliament session.”

On the other hand, the "coordinating framework" considered Sunday's session "outside the legal framework", warning of serious consequences, and the representative of the "Al-Fateh" coalition, Hammam al-Tamimi, said that "what happened today in Parliament in the first session will have serious consequences, and a rift will occur." nationally."

He stressed in a press statement, "What was practiced during the session was illegal, as wills were imposed by some parties."

The "Coordination Framework" forces had announced, during Sunday's session, that they had submitted a request to the parliament's presidency (represented by the head of the age), to adopt the framework as a major bloc, with 88 deputies.

The political custom in Iraq, since the first elections held in 2005, has been to grant the Sunni Arab forces the right to nominate the speaker of parliament, while the Kurds will then submit their candidate for the presidency, and then the Shiite forces represented today by the "Sadr movement" and the "coordinating framework."

However, the dispute between the "coordinating framework" and the "Sadr movement" complicated the scene, in light of the fact that they did not reach any understandings or agreement for the alliance to form the major bloc.

The US embassy calls on the House of Representatives to expedite the formation of the government

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The US embassy in Iraq called on the new parliament and the leaders of Iraq to expedite the process of forming a new government.

In a statement, the embassy expressed its hope for the new government to reflect the will of the Iraqi people and work to address the challenges of governance, human rights, security and the economy, and at the same time welcomed the convening of the fifth session of the House of Representatives, which is an integral part of the democratic process and national sovereignty.

Washington sends a message to the Iraqi parliament after congratulating its new president and two deputies

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On Monday, the US Embassy in Baghdad sent a congratulatory message to the Speaker of the Iraqi Parliament, Muhammad al-Halbousi, and his two deputies, Hakim al-Zamili and Shakhwan Abdullah, for assuming their new positions.

The embassy said in a statement that Nass received a copy of it, (January 10, 2022), "The United States welcomes the convening of the fifth session of the Iraqi Parliament, which is an integral part of the Iraqi democratic process and national sovereignty. We extend our warmest congratulations to the re-elected Speaker of Parliament, Muhammad al-Halbousi." As well as the first deputy speaker of the House of Representatives, Hakim Al-Zamili, and the second deputy speaker of the House of Representatives, Shakhwan Abdullah.

She added, "Given the important role that Iraq plays in regional stability and security, we share the hope that Iraq's leaders and the new House of Representatives will speed up the process of forming a new government so that it can carry out the important work of continuing to protect democracy, support national sovereignty, and address the urgent challenges facing it." Iraq and the region are currently facing.

She concluded, "We hope that the new government, once formed, will reflect the will of the Iraqi people and work to address the challenges of governance, human rights, security, and the economy in Iraq."

Yesterday, the head of the Progress Alliance, Muhammad al-Halbousi, assumed his position as Speaker of the House of Representatives in its fifth session.

Al-Halbousi stated during the session, which was monitored by "Nass" (January 9, 2022), that "the nomination for the position of President of the Republic will be opened within 15 days, according to the constitutional timings."

Yesterday, Sunday, Kurdistan Democratic Party deputy Shakhwan Abdullah won the position of second deputy speaker of the House of Representatives in its fifth session.

The Media Department of the House of Representatives stated in a statement received by "Nass" (January 9, 2022), that "MP Shakhwan Abdullah won 180 votes, while his rival from the New Generation Movement, Sarwa Abdul Wahed, won 33 votes."

The constituency indicated to me that "the number of invalid ballot papers is 13", explaining that "the number of people who voted to choose the deputy speaker of the council is 226."

Yesterday, Sunday, a member of the Sadrist bloc, Hakim al-Zamili, won the position of First Deputy Speaker of Parliament.

And the Media Department of the House of Representatives stated, in a statement, that “Nass” received a copy of it, (January 9, 2022), that “the number of people who voted to choose a first deputy speaker of the parliament is 227,” explaining that “Deputy Hakim Al-Zamili got 182 votes, while his rival, Hamid. Al-Shiblawy got 34 votes, against 11 invalid papers.

finance articles

With the approach of a new government... Hopes for financial compensation for citizens' losses resulting from the high exchange rate of the dollar

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With the start of the work of the Iraqi parliament and the approaching formation of the government, the Iraqis are hoping in appropriate economic conditions that will contribute to reducing the .exchange rate of the dollar against the Iraqi dinar And according to surveys, the decision to raise the dollar's exchange led to a rise in consumer prices in local .markets The government resorted to devaluing the dinar to fill the inflation gap in the 2021 budget after the collapse of .global oil prices .The political blocs agreed to change the exchange rate without reservation or objection

The financial advisor to the Prime Minister, Muhammad Salih, believes that the fiscal policy should be directed to a .fair compensation of income to reduce the effects of the decision to raise the exchange rate of the dollar

Saleh called for a fair compensation for income or the adoption of appropriate distributive foundations by expanding the ration card program in quantity and area, as well as enabling programs to address poverty within the framework of social welfare in a tangible and broader way to reduce poverty rates that escalated due to the rise in the exchange rate of the dollar more than a year ago and its reflection Negatively on people with limited .income and high prices

Finance Minister Ali Allawi said that the previous exchange rate harmed the Iraqi economy because the high price of the dinar compared to the dollar contributed to the flow of goods from neighboring countries, which negatively .affected the local product Zaid Al-Khafaji says that the greatest harm from raising the price of the dollar falls on the shoulders of the citizens, and the government should compensate the citizens in the manner of compensating contractors, .especially those covered by social welfare networks and those with limited income Sajjad Ali, the owner of a clothing store, believes that the reduction of the Iraqi dinar exchange rate against the .dollar greatly affected the purchasing power of the citizen Citizen Khaled al-Jubouri said that the purchasing power of all citizens decreased by 50 percent because the reduction in the exchange rate came by 20 percent, while salaries decreased by up to 30 percent, in addition to an .increase in taxes on some basic commodities

The academic Abdulaziz Al-Douri says that the Iraqi people are groaning about their livelihood after the rise in the .exchange rate of the dollar In some countries neighboring and far away from Iraq, such as Iran, Turkey, Syria and Lebanon, the dollar .exchange rate rose significantly as well The writer Sabah Chachan says that in light of the high exchange rate of the dollar in Iraq, money laundering .operations continue to be fueled, local markets collapse and the citizen is harmed
And he continued in a tweet on Twitter: “Local trade is on the verge of collapse, and the annual inventory of all ”.reveals the truth about the damage caused by the exchange rate Hussein Al-Taei talks about the significant increase in the prices of building materials after the rise in the exchange rate of the dollar, which affected the movement of construction, and made Al-Taie’s work intermittent, which prompted the government to demand that the government compensate citizens for the damage they sustained as .a result of the high exchange rate of the dollar

Changing the exchange rate.. economic additions and dangerous social effects

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Changing the exchange rate.. economic additions and dangerous social effects

The opinions of specialists in economic affairs varied, with regard to the results achieved by the decision to change the exchange rate, which was taken by the Central Bank nearly a year from now. And its role in addressing the structural distortions of the economy that impoverished public finances and restricted the ability to reform

And among opponents confirming that the decision directly affected low-income people and contributed to doubling the number of the unemployed, increasing poverty rates and raising the rate of inflation, most of those opinions polled by “Al-Sabah” were divided. Against the dollar” with the launch of the “reform white paper” adopted by the government with the aim of addressing the imbalances in the Iraqi economy, which, according to Prime Minister Mustafa Al-Kazemi, during the cabinet session held on 12-30-2021 contributed to maximizing state revenues and cash reserves, and providing more than 12 billion dollars from the reserves of the Central Bank of Iraq, and raise the global credit rating of Iraq internationally

The financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih, and despite his defense of the decision, which confirmed its contribution to enhancing Iraq’s financial revenues, and filling an important part of the budget deficit, but he believes that the financial policy should move towards a fair compensation for income to reduce the effects of the

the decision. Saleh told “Al-Sabah” that “reducing the exchange rate of the dinar in relation to the general budget, such as the birth of the so-called (cash adjustment), that is, achieving additional revenues of 23% of the value of the government’s annual dollar oil revenues as a result of transfer differences, which is considered in all cases a door Inflationary taxes, as inflationary tax revenues helped fill an important aspect of the deficit in the operating budget for the year 2021, amounting to nearly 20 trillion Dinar.

And the government advisor pointed out, "After subtracting the consequent reduction in foreign government payments, the net inflationary tax revenues are no less than 21 trillion dinars annually."

As a result of the effects left by the decision to change the exchange rate, Saleh shows the need to “remediate” two issues. The first is to achieve financial adjustment inherent in monetary adjustment in the non-oil revenues of the government. The indicators show that what is planned of non-oil revenues in the 2021 budget is about 20 trillion dinars, but In practice, only 8 trillion dinars were achieved, meaning that (non-oil revenues did not achieve the necessary financial adjustments), but the net inflationary tax replaced the weak collection in traditional financial taxes, which is a matter that falls on the shoulders of the financial administration in all cases.

Saleh pointed out that the second issue, which should be “remedied” is “the high rates of inflation and its creep to the edge of 8-9%, which generated an effect called the effect of falling cash income and a decrease in the purchasing power of the poor, disadvantaged and low-income classes, calling for a fair compensation for income or Adopting appropriate distributive foundations by expanding the ration card program in terms of quantity and area, as well as enabling programs to address poverty within the framework of social welfare in a tangible and broader way to reduce poverty rates that have escalated.

Damages and justifications

For his part, the economic expert, Dr. Bilal Al-Khalifa, pointed out that “the decision caused clear damage to important segments of the people, especially the middle and poor classes, and led to an increase in the prices of consumer goods in local markets and increased the suffering of the simple citizen due to the increase in the value of materials in the local market by a percentage It approached 23% and therefore damaged more than 60% of Iraqis.

But the Caliph attributed the decision to a number of reasons, including strengthening the financial budget by providing 23% of the employees’ salaries, increasing the size of the cash reserve, supporting industry and agriculture, and reducing sales of hard currency.

Despite the many reasons that prompted the Central Bank to take the decision, however, the economic expert identified a set of negatives produced by the move to “change the exchange rate”, putting at the forefront of those negatives the rise in overall prices in the country, the increase in the unemployment rate and the level of inflation, as well as the decline in the value of the Iraqi people’s revenues in public and private sectors by 23%.

consumer needs

As a result of Iraq’s dependence on imported consumer goods, at a rate of up to 90%, according to the expert, the Caliph, he sees the need for the government to “exempt raw materials (which are not available locally) entering the local industry from taxes and customs, and thus reduce the burden on the Iraqi citizen,” pointing out At the same time, "the increase in financial reserves did not come as a result of the exchange rate change only, but also because of the recovery in oil prices globally, and therefore one of the justifications used by the Central Bank has vanished," according to the spokesman.

The speaker concludes that the decision, despite the benefits that it achieved for the government, especially the contribution to raising the reserve of hard currency, also has negatives that affected the Iraqi economy, such as high inflation and increased unemployment rates, as well as its damage to citizens of the poor and middle classes.

social bumpers

In turn, the economic researcher, Bassam Raad, explained that the decision, despite achieving an important economic positive, represented in supporting the state’s general budget and strengthening the reserves of the Central Bank during the Corona pandemic crisis, but the “currency devaluation” had a painful impact on the general community, due to the lack of Social buffers to protect the poor.

Raad said during an interview with “Al-Sabah” that “the change in the exchange rate had negative effects in the private sector significantly, and also led to a rise in the prices of imported goods, and inflation due to the lack of a commodity production base, as the reliance on imports makes the exchange rate one of the influencing variables. In the general level of prices in the market as the coefficient by which the prices of imported goods are converted into currency prices local.

Governmental banks between reform and restructuring

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The concept of structuring in the banking sector includes measures that include developing work tools through automating banking operations, developing the skills of employees, and raising the level of the capital of these banks, towards reducing slack rings in performance, so that those banks are qualified to compete with foreign banks that are expected to open It has branches in the trading arena local.

While the concept of reform in the government banking sector, which is dependent on the government’s orientation in the budget implementation instructions regarding its monopoly on about 75% of the trading arena, is mixed with the concepts of structuring and paving the way for privatization in awareness. Administrative.

And often this confusion employs a context in the official discourse, so the intention appears clear as in Article I - A- of the white paper on the banking sector, towards assigning the responsibility of the Iraqi economy file to the private banking sector, as stated in the text of the article “Reform government banks towards working with commercial standards.” , and reduce its dominance over the banking sector and give way to private banks to ensure the development of the sector and take its role as a lever for the Iraqi economy and end the role of government banks as an arm for financing government spending.

This explains the current procedures in some government banks, as the reform process that is intended to restructure seemed more clear to embody what was stated in Article 4 - A - related to “structuring self-financed public companies,” which stipulates “legislating a law to restructure public companies, Transforming them into private companies and subsidiary companies, and regulating their establishment, operation, management, liquidation and bankruptcy in line with what is applied to private sector companies.”

This means that the structuring or reform of government banks has become identifiable with the stage of preparation for the privatization of these financial institutions, with the aim of removing them from the trading arena as public companies, in light of the procedures and steps followed by the relevant authorities regarding what is called “reform of government banks.”

The matter seems clearer in the specialized banks, as some of them were taken out of the context of the goal for which they were established and turned into commercial banks after being exhausted by the data of the past eighteen years. Economic freedoms, guarantee and property rights for foreign capital in macroeconomic management, and therefore it is important to activate the role of alternative funds for government banks, specifically specialized ones.

Al-Muthanna employs its location to create the largest investment center in the country

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An important step adopted by the Muthanna Investment Authority is to invest in the governorate's geographical location in establishing productive projects near the highway and railways.

Creating an ideal investment environment that attracts the largest investments in Iraq because the governorate is located in the middle of the distance between Baghdad and Basra and is close to rapid transport lines and railway stations, including the railway station in Samawah, which is one of the largest stations in Iraq due to its storage and transportation capabilities.

Investment projects are being implemented in Al-Najmi district, north of the governorate, near the highway. After this trend, the current indicators indicate a rise in the rate of migration to Al-Najmi Center to work on investment projects, in conjunction with the increase in job opportunities in the region and the good shift in internal services. 2021 More than 20 billion and 236 million dollars, and if the investment rate remains at this high, the judiciary by the end of 2022 will achieve the largest investment rate in Iraq, with an investment of more than 30 billion dollars.It is planned to make the province one of the important international centers for export outside the country, taking advantage of its being one distance from all the outlets of central and southern Iraq after the high rate of investments that resulted in an economic movement, as its location constitutes a regional link, as well as its location near the highway linking Iraq Jordan and Syria, which contributed to raising the investment rate in the region and stimulating the private sector to seize the opportunities of investment programs offered by the Investment Authority in the Governorate of Muthanna.

Director of the Muthanna Investment Authority, Adel Al-Yasiri, said: "The number of investment licenses granted since the establishment of the authority exceeded 200 in various sectors," noting that "those projects were distributed between industrial and agricultural," and that most of them entered the stage of actual production and export to the markets, while In the coming months or years, other projects will be opened in the Najmi axis in the north of the governorate and adjacent to the international road.”

Pharmaceutical industry

Al-Yasiri pointed out that “the implementation of the laboratory for the manufacture of medicines and medical solutions, which is being implemented on an area of (50) dunums, and at a cost of about (75) million dollars, financed by an Iraqi investor, will be completed within a period not exceeding (24) months.” It will provide job opportunities during the implementation period for (130) workers per day, while (200) workers will be permanently employed during the operation phase.

commercial.”

He pointed out that "the green fields project for the production of table eggs is being started, as it is implemented on an area of (20) dunums and at a cost of about (11) million dollars. The (Kieggs) system and a production capacity of (135) million eggs annually.

Astral spend

Al-Yasiri explained that “the governorate is witnessing the implementation of many projects in Al-Najmi district, the most important of which is the project for filling motor oils and grease, which is implemented on an area of (10) dunums, and at a cost of about (21) billion Iraqi dinars, and the investment project of soybean cake in Al-Muthanna, which is implemented at a cost of up to (65) ) million dollars in Al-Najmi district, the completion period is 3 years, the project area is 30 dunums, and it provides job opportunities in the project. The Arab Integration Company also continues to work on the project for the production of foodstuffs and the manufacture of soft drinks, juices and metal cans after the company reached the final stages of its first project in Muthanna for the production of tomato paste And cheese and sauce, which will start production soon.”

production lines

He pointed out that production will continue at the tomato paste plant, which includes several production lines, including a line for the production of milk powder with a capacity of thirty thousand tons annually, a second line for the production of juice powder with a capacity of ten thousand tons annually, a third line for the production of custard powder with a capacity of fifteen thousand tons annually, and the fourth line for the production of powder Starch with a capacity of fifteen thousand tons annually, as well as the production of metal cans, as it is implemented at a cost of more than (14) million dollars, financed by a local investor.

Dairy products

He stressed, "Implementation of a new factory for dairy production on an area of (50) dunums at a cost of up to (9.5) billion Iraqi dinars, which will include the production of all dairy products and cheese with a capacity of (30) tons per day, as well as the project of the Venusia Company for Industrial Investments for the first phase, which includes a factory for the production of Porcelain flooring material, a factory for the production of glazed ceramics, a factory for the production of paper and cardboard, and a station for the production of electric power for the factory. The implementation of the project has begun, and 300

dunams.”

Below here is the word on the street report for the day

The exchange rate of the dollar against the Iraqi dinar in Iraq today, Monday January 10, 2022

Baghdad - Kifah Stock Exchange

148,100

The price of 100 dollars today in most Baghdad exchanges

Buy

147,500Sell148,500

Baghdad - Al-Harithiya Stock Exchange

148,050

Basra-Bursa

148,050

Erbil - Bursa

147.150

Sulaymaniyah - Bursa

147.175

Dohuk - Bursa

148,200

Mosul - Bursa

148,150

Najaf - Bursa

148,050

The Markets:

The Asian markets closed mixed NIK down by .03% HSI up by 1.08% SHANG up by .39%

The UK markets are currently trading in the red mostly from .13% to .36%

Precious Metals:

Brent 81 WTI 78 Bitcoin: 41,625 10 yr yield: 1.77

Favorite Currencies Forex Quotes

Symbol	Bid	Ask	High	Low	Open	Change	Time
USD/IQD	1427.2000	1480.0000	1457.7000	1457.5000	1457.7000	0.1000	06:05
USD/VND	22695.0000	22705.0000	22743.5000	22693.3700	22743.5000	-54.5100	03:44
USD/CNY	6.3714	6.3734	6.3769	6.3706	6.3769	-0.0054	05:27
USD/KWD	0.3021	0.3031	0.3024	0.3023	0.3024	-0.0002	05:09
GBP/USD	1.3582	1.3586	1.3603	1.3570	1.3585	-0.0001	05:30
USD/IRR	42000.0000	42500.0000	42243.7000	42226.3000	42243.7000	-3.4000	00:00
USD/IDR	14262.0000	14297.0000	14333.0000	14263.0000	14317.0000	-51.0000	05:30

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BRING A TRAILER Sold $829 Million in Cars in '21, Walloping Auction Houses...
The End of Car Keys, Passwords and Fumbling With Phone at Checkout...

Crazy trends we'll be following this year...

Metaverse clothing, travel, plastic surgery: Life in 2030...
Next 'It' Diet? NOT Trying to Lose Weight?

Iraqi Articles:

A Swiss bank expects oil prices to rise to $90

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The energy outlook report recently issued by the Swiss Federal Bank (UBE) sees that the prices of crude oil and petroleum products will benefit from the rise in oil demand during 2022 to above the levels of 2019, as a result of the decline in global crude reserves.

The report, entitled "Energy Outlook for the year 2022", which was seen by Shafak News Agency, indicated that the energy sector is still set for a recovery phase in 2022, as a result of the energy index rising by 61% in 2021.

The report stated that the energy market was unexpectedly positive in 2021, as the spot prices of oil products rose by nearly 60%, with the outperformance of gasoline, heating oil and gas oil in the United States.

The recovery in the transport sector and economic demand led to a sharp rise in demand for fuel and energy, and these were important drivers of price increases.

Demand for natural gas and coal reached new records in 2021, while demand for crude oil approached record 2019 levels in late 2021; Slow supply growth helped boost prices.

OECD commercial oil stocks were below 2.7 billion barrels, the lowest since 2014, after stocks in mid-2020 were at a record high above 3.2 billion barrels.

The Energy Outlook report stated that the average demand for oil in 2021 is still lower than the levels of 2019, but that the demand for oil approached at the end of 2021 the levels of 2019.

He added that modest supply growth, along with a strong recovery in oil demand, helped reduce oil inventories at one of the fastest pace this century.

He explained that most of the supply growth in 2021 came from OPEC and its allies (OPEC +), as they added about one million barrels per day of oil liquids (crude and natural gas liquids) in 2021.

The Swiss Federal Bank's Energy Outlook report predicted that 2022 would see strong oil demand growth, low oil inventories, low spare capacity, and a balanced oil market.

He added that growth supports the trading of Brent crude oil prices in the range of 80-90 dollars per barrel in 2022, expecting that long-term oil contracts will rise, given the increased demand in 2023 due to low inventories and limited spare capacity in OPEC +.

Who is the major bloc that will nominate the next prime minister, the framework or the Sadrist bloc?

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Changing the exchange rate.. economic additions and dangerous social effects

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Changing the exchange rate.. economic additions and dangerous social effects

And the government advisor pointed out, "After subtracting the consequent reduction in foreign government payments, the net inflationary tax revenues are no less than 21 trillion dinars annually."

Damages and justifications

consumer needs

social bumpers

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.

http://www.cbi.iq/
Click on the link above for the latest update.

The CBI for rate is 1460

The currency auction For January 10th, 2022 total sales amount $210,686,370.

including $59,800,000. CASH

The Central Bank of Iraq’s foreign currency sales schedule, Tuesday 11/1/2022, and implemented today

ISX Update:
www.isx-iq.net/
Shares Traded: not updated for today
Value Traded: not updated for today

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1-9-2022 Dinar Guru News Update Former Governor of the Central Bank of Iraq Sinan Al Shabibi has died. He was governor from 2003 to 2012. Many feel he had been instrumental in the process to revalue the dinar. In 2012 it was believed he was moments away from revaluing the dinar when PM at the time Maliki derailed those plans and threatened his arrest if he stepped foot in Iraq again. Ole time dinar investors will always remember his public meeting in Washington where he candidly answered audience questions about the possible revaluation of the dinar. He will be remembered. The latest guru posts will continue below...

1-10-2022 Newshound Guru Pimpy Article: "Unanimously... 'Progress' and 'Azm' choose Al-Halbousi as a candidate for the Presidency of Parliament" This should go quickly - If they've already unanimously voted in Halbousi. He'll be speaker, you have your two lieutenants and then from there they will vote on the President of the Republic of Iraq. I'm anticipating that the winner will be Salih...nothing can be accomplished until the new government is established and in place...a big hurdle was just passed now we're going to see what it leads to...

1-9-2022   Intel Guru Frank26  The other thing that bothers me. You say [U.S. Bank executive] that FDIC insures me $250,000?  Yeah. Did you know the FDIC insurance in the small print way down in the bottom there's a clause that says that the bank/the FDIC has up to 99 years to pay me back what you Mr. Bank lost?  [Note: Consult your financial advisors at the appropriate time to create the best plan to help you protect your money and assets.]

1-9-2022   Newshound Guru Kaperoni  Looks like Sadr and the Sadist bloc have formed an alliance with numerous other blocs including the Kurds to now have the largest bloc in parliament and the right to form the government. This appears to leave Al-Maliki and his State of Law coalition left out. Based on several other articles it appears Al-Maliki is trying to imply this result will...have constitutional ramifications. IMO it just seems like Maliki is trying to cause trouble. His time is running out...We can only hope Sadr has the correct intentions for democracy and economic growth in Iraq.

1-9-2022   Newshound Guru Vital Brad   The [former] governor of the Central Bank of Iraq...he passed away...I think it's so important to put back in perspective that this life is just temporary...

1-9-2022   Newshound Guru MilitiaMan   Article: "Exchange rate first" Quote: "It is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar."  This is looking so so good!! I agree, it is time to adjust the exchange rate. Let the first task in the Parliament today be in the cards... Ease the burden of the Citizens by changing the exchange rate to enhance the value of the national currency against the dollar. Imo, the CBI can adjust the rate when ready or not the government is...

1-9-2022   Newshound Guru Sandy Ingram  There are 7 basic categories of success before a country can improve or increase the value of its currency - 1. Inflation 2. Interest rates 3. Terms of trade 4. Political stability 5. Balance of payments 6. National debt 7. Recession

1-9-2022   Intel Guru Frank26 Inside Iraq a dinar is a dinar.  But what happens when the dinar floats at 1 to 1 with the American dollar?  People start to use it. They start to buy with it. They start to trade with it. Start to sell with it. The value on international markets for that currency starts to go up...Do you think the goal is for it to stay at 1 to 1? The goal of the CBI is to float the Iraqi dinar to add value to their currency for the purchasing power of their citizens...their goal is REER. Nothing less.

1-9-2022  Newshound Guru Pimpy  Dr. Shabibi - He was the governor of the Central Bank of Iraq for...about 9 years.  Very outspoken man.  Was more concerned about what was best for the Iraqi people...He just passed away today. R.I.P. Dr. Shabibi.  He was the man who said the Paris Agreement wasn't a good thing...thought the exchange rate should have been higher.  R.I.P Dr. Shabibi...

1-9-2022   Newshound Guru Vital Brad  There's a big meeting going on in Iraq tomorrow [Today]...they've got limited media coverage but there will be media coverage.  They're finalizing and placing their government. That's been a big aspect of this whole revaluation process.  There's been certain points that Iraq has had to meet in order to put their currency back on the free market, revalue it, make it be worth something again...a big point that they need to meet is to have a seated and fully established government...looks like tomorrow will be the time...

1-9-2022   Newshound Guru Clare  Article: "The death of the former central bank governor" Quote: "The former governor of the Central Bank of Iraq, Sinan Muhammad Al-Shabibi, died, on Saturday, in the Swiss city of Geneva."

1-9-2022   Intel Guru Fleming  Exactly how many months or weeks, will the Iraq Central Bank allow for the obsolete 3+-zero-inflated-dinars to be exchanged and/or used in trade? Answer: Not very long. They have tied the intake of these obsolete currency notes to the value of oil which today is over $78 US. Once the value exceeds a price somewhere between $100 to $120 US, the Central Bank of Iraq, will no longer support an international exchange. Point being, they want it in and done fast. No stragglers allowed. This includes those of us holding Dinar notes here in the US. We have only a short time to exchange these notes for a very nice Exchange rate.

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Monday, January 10, 2022

WOTS MON JAN 10 2022 To be elected no later than February 8... Iraq opens the door for candidacy for the post of President of the Republic

To be elected no later than February 8... Iraq opens the door for candidacy for the post of President of the Republic

Al-Kazemi comments on removing the name of Iraq from the list of high-risk countries

To be elected no later than February 8... Iraq opens the door for candidacy for the post of President of the Republic

The Article 140 Committee in Diyala denies promoting compensation transactions and warns against exploitation

Parliament Sets The Date For Electing The President Of The Republic And Sets Out The Conditions For Nomination

Who is the major bloc that will nominate the next prime minister, the framework or

the Sadrist bloc?

The US embassy calls on the House of Representatives to expedite the formation of the government

Changing the exchange rate.. economic additions and dangerous social effects

Governmental banks between reform and restructuring

The exchange rate of the dollar against the Iraqi dinar in Iraq today, Monday January 10, 2022

Favorite Currencies Forex Quotes

In 1973, 'SOYLENT GREEN' envisioned the world in 2022. It got a lot right...
106-year-old credits longevity to Big Macs!

Who is the major bloc that will nominate the next prime minister, the framework or the Sadrist bloc?

Changing the exchange rate.. economic additions and dangerous social effects

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.

http://www.cbi.iq/
Click on the link above for the latest update.

The CBI for rate is 1460

The currency auction For January 10th, 2022 total sales amount $210,686,370.

including $59,800,000. CASH

The Central Bank of Iraq’s foreign currency sales schedule, Tuesday 11/1/2022, and implemented today

ISX Update:
www.isx-iq.net/
Shares Traded: not updated for today
Value Traded: not updated for today

https://www.dinarguru.com/

No comments:

Post a Comment

Pages

Monday, January 10, 2022

WOTS MON JAN 10 2022 To be elected no later than February 8... Iraq opens the door for candidacy for the post of President of the Republic

To be elected no later than February 8... Iraq opens the door for candidacy for the post of President of the Republic

Al-Kazemi comments on removing the name of Iraq from the list of high-risk countries

To be elected no later than February 8... Iraq opens the door for candidacy for the post of President of the Republic

The Article 140 Committee in Diyala denies promoting compensation transactions and warns against exploitation

Parliament Sets The Date For Electing The President Of The Republic And Sets Out The Conditions For Nomination

Who is the major bloc that will nominate the next prime minister, the framework or

the Sadrist bloc?

The US embassy calls on the House of Representatives to expedite the formation of the government

Changing the exchange rate.. economic additions and dangerous social effects

Governmental banks between reform and restructuring

The exchange rate of the dollar against the Iraqi dinar in Iraq today, Monday January 10, 2022

Favorite Currencies Forex Quotes

In 1973, 'SOYLENT GREEN' envisioned the world in 2022. It got a lot right...106-year-old credits longevity to Big Macs!

Who is the major bloc that will nominate the next prime minister, the framework or the Sadrist bloc?

Changing the exchange rate.. economic additions and dangerous social effects

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. http://www.cbi.iq/Click on the link above for the latest update.The CBI for rate is 1460

The currency auction For January 10th, 2022 total sales amount $210,686,370.

including $59,800,000. CASH The Central Bank of Iraq’s foreign currency sales schedule, Tuesday 11/1/2022, and implemented todayISX Update: www.isx-iq.net/Shares Traded: not updated for todayValue Traded: not updated for today

https://www.dinarguru.com/

No comments:

Post a Comment

In 1973, 'SOYLENT GREEN' envisioned the world in 2022. It got a lot right...
106-year-old credits longevity to Big Macs!

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.

http://www.cbi.iq/
Click on the link above for the latest update.

The CBI for rate is 1460

including $59,800,000. CASH

The Central Bank of Iraq’s foreign currency sales schedule, Tuesday 11/1/2022, and implemented today

ISX Update:
www.isx-iq.net/
Shares Traded: not updated for today
Value Traded: not updated for today