Tuesday, January 4, 2022

WOTS MON JAN 3 22 2022: No tangible change in the economic situation

 WOTS MON JAN 3 22 

2022: No tangible change in the economic situation



No My FX Buddies Podcast Today but these are the articles  would have discussed if I did do one:

The entry of a US military convoy into northern Iraq, loaded with oil and tanks

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US forces removed a military convoy consisting of dozens of vehicles loaded with military equipment and oil tanks from Hasaka countryside to northern Iraq.

"SANA" quoted local sources from the Yarubiyah countryside as saying that "a convoy of 128 vehicles, including 60 refrigerators and oil tanks, and 60 tankers carrying tanks and various military equipment, some of them covered with boards, and 8 armored vehicles, left the illegal Al-Waleed crossing into northern Iraq."

According to SANA, the US army "deploys its forces in the areas of oil wells in the Syrian Jazeera to steal it, in addition to looting the main crops to finance the Syrian Democratic Forces (SDF) associated with it, and its terrorist organizations on the one hand, and depriving the Syrian people of their wealth on the other hand." And in conjunction with continuing its unjust siege imposed on Syria with its allies and tools in the region.



Al-Amiri alliance announces its position on the renewal of the three presidencies

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Today, Monday, the Al-Fateh Alliance, led by Hadi Al-Amiri, confirmed that there is almost an agreement not to renew any second term for the current three .presidencies

The leader of the coalition, Mahmoud Al-Hayani, said in a statement to (Baghdad Today) that "there is almost agreement not to renew any second term for the current ".three presidencies

And he indicated that "what is happening now is just meetings and dialogues that did not result in the nomination of any personality for the three presidencies, but it ".continues because of the constitutional timings

Al-Hayani added that "the coordination framework seeks to form a consensual government because the political situation that exists at the present time in Iraq, as well as the elections, which were marred by many observations and indicators, ".necessitate the formation of a consensual government

He stressed that "the majority does not exist because the people did not agree on ".only one bloc


2022: No tangible change in the economic situation

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The year 2022 will not witness a tangible change in the economic situation, and specialists expect the new government to collide with the power of the parties

With the beginning of the year two thousand and twenty-two, citizens inside Baghdad expected the economic situation to remain as it is, while specialists believe that the new government, if it wants to change, will encounter many obstacles, most notably the influence of parties.

In the same way, or perhaps worse..the course of economic events expected by citizens to remain the same in the new year..the rise in dollar prices, the lack of appointments, and the poor service reality prompted them to speculate what would happen to things.

Iraq is facing major economic crises and challenges this year, according to specialists who indicated that the new government must overcome many obstacles that it will encounter directly, most notably the influence of the parties.

The previous governments plunged the country into the cycle of external and internal borrowing, leaving it mired due to the weight of debts that had accumulated on its shoulders, which was already burdened with difficulties and dilemmas .


With the launch of the 2022 market... Oil is rising and the epidemic limits the gains

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Oil prices rose on Monday, with the start of the new year 2022 market positively, despite fears of a decline in demand due to the rapid spread of the Covid-19 pandemic, which limited the gains.

Brent crude rose 59 cents, or 0.76%, to $78.37 a barrel by 05:01 GMT, and US West Texas Intermediate crude futures rose 63 cents, or 0.84%, to $75.82 a barrel.

And in the past year, oil prices rose about 50%, spurred by the global economic recovery from the COVID-19 pandemic and producer controls, even as infections reached record levels around the world.

Health experts in the United States have warned Americans to prepare for severe disruptions in the coming weeks, with infection rates likely to worsen amid increased holiday travel and New Year's celebrations and the reopening of schools after the winter holidays.

US energy companies added oil and natural gas drilling rigs for a record 17 straight months, as higher prices lured some drillers back to the well plate after demand slumped last year due to the coronavirus.

OPEC sources said the Organization of the Petroleum Exporting Countries (OPEC), Russia and allies - the so-called OPEC+ community - will likely stick to their plan to add 400,000 barrels per day of supply in February when they meet on Jan. 4.


The Central Bank shall issue controls the financing of electricity generation from renewable energy systems

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Today Monday the Central Bank of Iraq issued controls for financing electricity generation systems from renewable energy 

And the bank said in a statement that (Baghdad Today) received a copy of it, “The Governor of the Central Bank, Mustafa Ghaleb, is a scary uncle, No. 1 on 1/3/2022, regarding the controls that will allow citizens and various institutions to purchase electricity systems generated from renewable energy within the resources of his . ”.initiative through banks

He added, "The initiative comes in line with the state's directions to abide by the decisions of the Paris Climate Conference, as the Central Bank launched its initiative to shift to clean energy within this framework," noting that "a committee headed by the Deputy Governor included in its membership representatives from the Ministries of Environment and Electricity and the Central Organization for Standardization and Quality Control." as well as representatives of the private sector, including experts .and investors 


The exchange rate of the dollar against the Iraqi dinar in Iraq today, Monday 03 January 2022

Baghdad - Kifah Stock Exchange
147,875

The price of 100 dollars today in most Baghdad exchanges

Buy
147,500Sell148,250

Baghdad - Al-Harithiya Stock Exchange
147.900

Basra - Bursa
147,950

Erbil - Bursa
147,775

Sulaymaniyah - Bursa
147.950

Dohuk - Stock Exchange
148,000

Mosul - Bursa
148,000

Najaf - Bursa
147,900




The Markets:
The Asian markets closed mixed NIK down by .40% HSI down by .53% SHANG up by .57%
The UK markets are currently trading in the green mostly from .17% to 1.18%  F|TSE down by .25% 
Our futures are currently trading mixed  DOW at 36423 up  by .54% SNP up at 4790.50 up  by .67% NDX at 15769 up by .78%

Precious Metals:
 
Brent 78 WTI  75   Bitcoin: 47,378  10 yr yield: 1.54

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1428.1000  1480.9000 1458.0000 1457.9000 1457.9000  0.0000 08:50
 USD/VND  22825.0000  22885.0000 22803.2700 22767.8500 22803.2700  -36.2100 00:00
 USD/CNY  6.3549  6.3569 6.3549 6.3542 6.3549  -0.0005 01:05
 USD/KWD  0.3020  0.3030 0.3023 0.3021 0.3023  -0.0002 05:07
 GBP/USD  1.3517  1.3518 1.3532 1.3494 1.3531  -0.0004 05:17
 USD/IRR  42025.0000  42525.0000 42245.5000 42229.7000 42245.5000  3.4000 00:00
 USD/IDR  14275.0000  14288.0000 14288.0000 14208.0000 14217.0000  54.0000 05:17

Things in the News:

Iraqi Articles:

With the launch of the 2022 market... Oil is rising and the epidemic limits the gains

link

Oil prices rose on Monday, with the start of the new year 2022 market positively, despite fears of a decline in demand due to the rapid spread of the Covid-19 pandemic, which limited the gains.

Brent crude rose 59 cents, or 0.76%, to $78.37 a barrel by 05:01 GMT, and US West Texas Intermediate crude futures rose 63 cents, or 0.84%, to $75.82 a barrel.

And in the past year, oil prices rose about 50%, spurred by the global economic recovery from the COVID-19 pandemic and producer controls, even as infections reached record levels around the world.

Health experts in the United States have warned Americans to prepare for severe disruptions in the coming weeks, with infection rates likely to worsen amid increased holiday travel and New Year's celebrations and the reopening of schools after the winter holidays.

US energy companies added oil and natural gas drilling rigs for a record 17 straight months, as higher prices lured some drillers back to the well plate after demand slumped last year due to the coronavirus.

OPEC sources said the Organization of the Petroleum Exporting Countries (OPEC), Russia and allies - the so-called OPEC+ community - will likely stick to their plan to add 400,000 barrels per day of supply in February when they meet on Jan. 4.

Will the 2022 budget be approved before the formation of the Iraqi government? - Urgent

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A member of the Parliamentary Finance Committee, Jamal Cougar, revealed today, Sunday, the possibility of approving the 2022 budget, before the formation of the .new Iraqi government Cougar said in a statement to (Baghdad Today), "The current government has become a caretaker government from the date of 10/10/2021, so it does not have ".the authority to send the budget law to the House of Representatives

He added, "When the House of Representatives is formed, its relevant committees should be formed, especially the Finance Committee, in order for the draft budget to ".be read first, second and third Cougar added, "It is not possible to pass any law before choosing the presidency, forming committees, and completing all the paragraphs of the council to be ".effective



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 January 3rd, 2022 total sales amount $198,945,179


ISX Update:   

www.isx-iq.net/

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

1-2-2022   Newshound/Intel Guru Walkingstick   [via Frank26]   A fixed exchange rate controls the nominal exchange rate that is set by the CBI.  Whereas a float is determined by the foreign exchange markets by supply and demand of the Real Effective Exchange Rate that will fluctuate during its float...A float is basically a more accurate reflection of a currency's value and that's why the CBI will soon de-peg and float for its Real Effective Exchange Rate.

1-2-2022   Intel Guru Frank26  
  You [Iraqi citizens] have to realize your currency is about to float.  That's what they're trying to teach you.  It's part of your education process right now.  When it does float and they reinstate the value this education is going to get louder for you...float means you are officially free from Kuwait...the fact that your currency is about to float is incredible...this is basically the announcement of your purchasing power...

1-2-2022   Newshound Guru Breitling  The question is how much do you get to keep...because we'll be taxed.  People who don't pay their taxes and wait, they're going to have their asses handed to them.  I kid you not it's going to be a bloodbath.   [Check with your tax professional at the appropriate time.]


1-2-2022   Intel Guru Holly  ...I am being told is all is done and this week all starts!...

1-2-2022   Intel Guru Frank26   What did I tell you would equal a float?  When they are out of Chapter VII...Chapter VII is like a whole banana.   There are parts of chapter VII that are still not released.  Turns out there's just one part of this United Nations Security Council sanction rate that they're doing...there's only one chapter left - Chapter 6.  What is Chapter 6?  Full compensation to Kuwait.  That's done.

1-2-2022   Newshound Guru Sandy Ingram  Article:  "Iraqi president calls on elect lawmakers to convene on January 9 for first session"  The results were finally ratified in the past week after a long delay.  The parliament will begin the process to elect a new Prime Minister.  Many are hoping for the current PM to remain in office...decisions made now could affect the future of our investment in Iraq.


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 (from Government of Iraq twitter account)

At the time this report was submitted, there are no new tweets posted on the Government of Iraq twitter account.

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ARTICLE 3

Babylon joins Basra and announces the suspension of official working hours tomorrow, Monday
01/02/2022 | 7:59 PM

Today, Sunday, Babil Governorate decided to suspend official working hours on Monday.

The Governor of Babylon, Hassan Mandeel, said in a statement received by "Al-Maalouma" agency, "Coinciding with the painful anniversary of the airport incident and the martyrdom of the victory leaders, and coinciding with the tragic incident that befell our people in the Jableh district, it was decided to suspend the official working hours tomorrow in all state departments except for service and security departments.

Earlier, Basra Governorate announced the suspension of official working hours on Monday, on the occasion of the second anniversary of the martyrdom of the victory leaders.


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ARTICLE 4

Learn about companies' ways and marketing programs to convince you to buy
01/02/2022 | 5:23 pm

Have you recently noticed that it is difficult to resist clicking on the shop now icon or shop now that appears on social media.. Why?

According to the book Decoded: The Science Behind Why We Buy by Phil Barden, global marketing manager, when we see a product, neurons in the part of the brain responsible for wanting it are activated, but as soon as the price appears, the central part responsible for feeling pain is turned on.

If the level of pleasure exceeds the level of pain, the person tends to buy this difference is called net worth.

Companies aim to stimulate the pleasure center further so that the price seems reasonable to the buyer, and he presses to buy! how?

The title, ad text and description on the packaging or product are designed to convince us to buy, for example, restaurant dishes with exotic names, stimulate the desire to taste.

Today's advertisements focus on the benefits of the product to change the perception of price. For example, instead of writing only 25% fat, write 75% meat without fat.

In addition, the use of red numbers or asterisks on the price tag leads the buyer to consider the “discount” as well, the greater the distance between the actual price and the promotional price on the price tag, the greater the discount appears to the mind!!

In the opinion of Phil Barden, the author of the book, comparing a product with other products with higher prices and offering discounts is one of the most attractive mechanisms for buyers.

Price also affects the perception of value. Usually a higher price indicates a better quality. In an experiment conducted by the author, the same juice was served to a sample of consumers in packages of different prices. Most of the sample agreed that the more expensive juice has higher taste and quality.

The book also mentions that focusing on a specific goal shows the brand in a better way!

The brand must be associated with a goal that satisfies the customer’s need, which usually revolves around the following: safety and family care, enjoyment and relaxation, excitement and fun, adventure and freedom, independence and success, as well as discipline, order and accuracy.

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ARTICLE 5

Simple changes you can make in your life to feel better
01/02/2022 | 9:25 pm

The beginning of a new year is a great opportunity to make changes in our lifestyle so that we can feel better in the future.

Taking care of ourselves physically and mentally is critical to our well-being, and with the novel coronavirus pandemic showing few signs of relieving us any time soon, the changes in our lives are more important than ever.

Nutrition, fitness and psychology experts reveal simple tips that can be made in our lifestyle as we welcome the new year 2022, according to the American magazine "Newsweek".

Goodbye bad routine

One helpful approach to improving your life is starting to add a new habit to a ritual you already have, says Debbie Petitbein, spokeswoman for the Academy of Nutrition and Dietetics, which is known as "habit stacking."

She gave an example that "while preparing your coffee, you can drink a large glass of plain water to start your day hydrated."

Petitbene also advises breaking a bad habit by changing an ingrained routine, "Why not go outside and do a brisk 10-minute walk instead of having an alcoholic drink right after dinner?"

controllable behaviors

We must be very specific when setting goals, and have realistic expectations. Instead of saying “I will eat healthy,” say “I will add vegetables to every lunch and dinner,” and set a fixed day per month to assess progress and make adjustments As needed.

Your goal should focus on a behavior you can control, not a desired outcome. For example, instead of saying "I'm going to lose 5 pounds this month," say "I'll walk 10 minutes after work from Monday through Friday."

Make changes simple

Wellness consultant, personal trainer, and mental health advocate, Lydia Di Francesco, says her entire health philosophy is built on the principle of "keep things simple."

"We tend to overcomplicate things, while at the same time wishing for a magic pill that makes our dreams come true," she explained.

"The bad news is that there are no magic pills, but the good news is that there are some simple habits you can do that have a huge impact on your overall physical and mental health."

enough sleep

Di Francesco stressed that the "first tip" she shares with people is to go to bed by 10:30 p.m., noting that "getting enough quality sleep is one of the most underappreciated wellness strategies."

She said: "We really underestimate the importance of sleep on our bodies, when we sleep, the body does the work to repair and restore itself, and sleep also leads to hormonal processes that affect the quality of our performance during the day."

Di Francesco stresses that “the body must be prepared to go to sleep by tactics, which are dimming the lights in the house at about 9 pm, stopping the main activities at this time and doing some relaxing activities in return, such as reading, writing a diary, taking a shower or doing meditation.”

Walking and hiking

There is another habit that is easy for us to integrate into our daily life, and that is taking a walk outside and walking in general.

"This doesn't have to be a long walk," Di Francesco says, "but the perfect 10 to 15 minutes."

She also advises walking in the morning before work, because it helps to wake up and gives the person the energy to start his day.

Research shows that walking helps lower cortisol (the stress hormone) and lowers blood sugar levels.

And if you can't walk, there are other activities you can do while walking, such as making a phone call or listening to a podcast or audio book.

Be kind to yourself

Justin Grosso, licensed psychologist, yoga teacher and wellness speaker, says starting a practice of self-compassion is a small way to guard against self-criticism in the new year.

She said: "This is particularly important, as it has been shown that self-criticism is associated with social anxiety, depression and trauma-related disorders, while developing a self-compassionate attitude toward one's goals for the new year is also particularly important, given the extent of pressure to adopt new habits and make changes." At this time of year.”

"Self-compassion provides a space for being human, having great emotions or making mistakes, without falling into a personality defect," she asserted.

exercise

Noureddine Zwaraq, a performance coach, advises that “we can enhance our fitness by exercising at least 20 minutes a day while eating healthy and balanced meals.”

He emphasized that yoga is one of his favorite things to bridge the gap between mind and body.

Balanced Meals

When it comes to nutrition, Sawaraq recommends eating small, healthy and well-balanced meals consisting of 40 percent of biologically valuable protein, 40 percent of low/moderate glycemic carbohydrates, and 20 percent of good, clean fats (monounsaturated oil), plus. At least 8 large glasses of water a day.

And when it comes to boosting your emotional fitness, Zawaq said, “Meditating, spending quality time with family, listening to music, reading, writing, hiking and vacationing are all good options.”

“Assessing your emotional well-being is a must if you want to perform at a high level and achieve optimal productivity,” he concluded.

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