WOTS TUE FEB 1 22
Adjourning the case for the most numerous parliamentary bloc to next Thursday
Adjourning the case for the most numerous parliamentary bloc to next Thursday
Today, Tuesday, the Federal Supreme Court decided to postpone the case for the largest parliamentary bloc.
The reporter of (Al Rabaa) said, "The Federal Supreme Court postponed consideration of the case of the most numerous parliamentary bloc until next Thursday."
The Federal Court had canceled the state order to stop the work of the Presidium of Parliament
the excerpt:
The Iraqi president calls for “constitutional amendments” .. and Al-Kazemi attacks “the forces of non-state”
The Federal Supreme Court in Iraq decided yesterday to postpone the decision on a case regarding the adoption of the most numerous parliamentary bloc in the House of Representatives (Parliament), in a step that would postpone the formation of a new government in the country until this file is resolved.
The Framework Announces The Move Towards Collecting Parliamentary Signatures To Change The Dollar Exchange Rate
The deputy of the coordination framework, Ibtisam Al-Hilali, revealed, on Tuesday, the framework’s move to collect parliamentary signatures to restore the dollar exchange rate to its previous rate, surprising at the government’s insistence on maintaining the exchange rate, especially with the recovery of oil markets during the past weeks.
Al-Hilali said in a statement to "The Information", "The coordination framework is moving towards collecting parliamentary signatures in order to restore the exchange rate of the dollar against the Iraqi dinar or reduce its current price."
She added that "the framework's movement in this regard is still continuing until the will of the Iraqi people, who were affected by the high exchange rate of the dollar, is achieved," noting that "the government raised the exchange rate in order to supplement the 2012 budget, and now it has obtained additional funds due to the high oil price."
And the representative of the State of Law coalition, Firas Al-Maslmawi, confirmed in a previous statement, that his coalition and a number of members of Parliament within the same direction will not allow the budget to be passed for the current year except after a reduction in the dollar exchange rate against the dinar.
Here is the video that I referenced in the My FX Buddies Podcast
Iraq.. Barham Salih is running for a second presidential term
In a televised speech, he pledged to contain conflicts and fight corruption
On Tuesday, Iraqi President Barham Salih announced his candidacy for the same position for a second consecutive term, pledging to contain conflicts and fight corruption in the country.
Saleh said, in a televised speech, reported by the official news agency, "Aware", that he is running for the post of President of the Republic "after we received him by an independent national decision, realizing that it is a great honor and a great responsibility."
He pointed out that "the president of the republic should be a symbol of the country's unity and sovereignty and a protector of the constitution, and that he should be the president of all Iraqis, not a subordinate."
He added, "We committed ourselves insistently to proceeding under the roof of patriotism in the course of my duties, and I did not allow under any circumstances, despite the various difficulties and pressures, to humiliate the position of the Presidency of the Republic," noting that "the circumstances of the country impose exceptional work, and before us are challenges that cannot be postponed."
Saleh noted, "The new parliament came with early elections in response to a popular youth movement that came against the background of a general feeling of grievances and the urgent need for a rule based on the will of Iraqis without value, guardianship or interference, and for the people to be their own master."
He continued, "We succeeded in overcoming many problems and challenges, and we were able to move in Iraq from an address of conflict to an address for the convergence of the countries and peoples of the region, and we will proceed on this path and will not deviate from it and will not retreat," stressing "the necessity of making constitutional amendments in the next stage."
Saleh said, "The dangerous scourge of corruption that works to perpetuate itself and influence the will of the Iraqis with the money of the Iraqis requires a decisive pause, and that the fight against corruption is truly a national battle that will not fix the country's situation without winning it, based on striking the sources of corruption and recovering what was looted and smuggled."
The Iraqi parliament is scheduled to elect a new president by a two-thirds majority on February 8, from among 25 candidates who applied to fill the position.
The data indicate that the competition will be limited to Saleh, who is the candidate of the Patriotic Union of Kurdistan led by Bafel Talabani, and Hoshyar Zebari, the candidate of the Kurdistan Democratic Party led by Massoud Barzani.
The National Union has held the position of president since 2006, while the Democratic Party's share during the last period was one of the sovereign ministries, either finance or foreign affairs.
Since 2006, the political custom in Iraq has been for the Kurds to hold the presidency, the Shiites to be the prime minister, and the Sunnis to head the parliament.
Parliament Presidency: The end of the preparations for the presidential election session.. No delay even for one hour
Today, Tuesday, the Second Deputy Speaker of Parliament, Shakhwan Abdullah, announced that all technical preparations for holding the presidential election session on the seventh of this month have been completed, stressing that the election of the presidency will not be postponed, even for one hour, from its scheduled date.
Abdullah added, in a statement to his party’s official website, seen by “Nass” (February 1, 2022), that “the parliament’s presidency is committed to the constitutional deadlines, and it is not linked to political disputes between the competitors, and it is proceeding with the constitutional entitlement, after announcing the names of the competitors and completing the technical preparations for the process.”
The Iraqi government reassures OPEC: There is no departure from the agreement except in this case
The Iraqi government reassured the Organization of Petroleum Exporting Countries (OPEC) about Iraq's commitment to the oil agreement.
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said in a statement that I followed (Al-Oula News), that "the questioning of Iraq's apology from OPEC and its exit from the oil agreement is out of the question, because this commitment is considered moral."
Saleh stressed, "It is not possible for Iraq to do such a thing unless it has strong excuses, in increasing its income, especially with the current rise in oil prices, but in general, Iraq is committed to the oil agreements without thinking of exiting from them."
And the (OPEC +) agreed during its meeting on January 4 last to increase its oil production by more than 400 thousand barrels per day according to the previously agreed schedule.
And OPEC announced that the share of Iraq's oil production will reach 4.325 million barrels per day during the current month of February, an increase of 44,000 barrels per day over last January, which amounted to 4.281 million barrels per day, and an increase of 88 thousand barrels per day over last December.
Oil Ministry: Revenues last month amounted to more than $8 billion
The Ministry of Oil announced the total exports and revenues achieved for the month of last January, according to the preliminary statistics issued by the Iraqi Oil Marketing Company “SOMO”, where the amount of exports of crude oil amounted to (99) million (286) thousand and (78) barrels, with revenues amounting to ( 8.27 billion dollars.
The statistics indicated that the total quantities of crude oil exported for the month of last January from oil fields in central and southern Iraq amounted to (96) million (430) thousand and (596) barrels, while from Kirkuk fields through Ceyhan port, the exported quantities amounted to (2) ) One million and (545) thousand and (656) barrels.
The average daily exports amounted to (3) million and (203) thousand barrels,
while the average price per barrel was (83,246) dollars.
It is noteworthy that the ministry, through its belief in informing the people of the export operations and the revenues generated from it, took this monthly measure.
The lack of approval of the 2022 budget and fears of recession
thrift and hoarding
The coordination framework is engaged in a new round of talks on the impact of Barzani's initiative and is preparing a paper on "critical" guarantees
The Coordination Framework will hold a new round of talks today, Tuesday, to discuss a political initiative submitted by Kurdish leader Massoud Barzani, to resolve the dispute between the leaders of the framework and the leader of the Sadrist movement Muqtada al-Sadr, less than a week before a crucial session of the Iraqi parliament to choose a president. And then assign a candidate to form the new government.
A leading source in the coordination framework told Shafaq News Agency, "Yesterday's meeting of the framework leaders did not produce specific outcomes, because the initiative of the leader of the Democratic Party, Massoud Barzani, did not reach its details officially, which necessitated the completion of the meeting for the next day to lay down a number of important points that will be written down. Later, as a partnership contract between the framework and the Sadrist bloc, and with its signature by the two parties, matters will proceed towards dissolution and the formation of the government comfortably, without affecting the program of the national government.”
He added that "today's meeting will also discuss setting points or obtaining guarantees to proceed with the implementation of the initiative with al-Sadr, and if it is approved by the latter, it will be unified with the paragraphs of the Kurdish initiative, in other words, the ball will be transferred from the framework square to the allied forces square to form the government." .
He continued, "If al-Sadr refuses this, the framework has no choice but to go to the opposition. The matter remains subject to the agreements of the framework's leadership."
The coordination framework meeting comes in the wake of an initiative launched by Kurdish leader Massoud Barzani, which led to the meeting of the Triple Alliance, in Al-Hanana (Sadr’s residence in Najaf), which included Nechirvan Barzani, President of the Kurdistan Region (the Democratic Party), and Khamis al-Khanjar and Muhammad al-Halbousi for (sovereignty), with the chest.
The Iraqi parliament is scheduled to hold a session, the second of its legislative life, next Monday, in which it chooses the president.
Most of the odds indicate that Hoshyar Zebari, the candidate of the Kurdistan Democratic Party, will be president of the republic, and that the latter will assign the Sadrist bloc's candidate to form the Iraqi government.
In terms of numbers, the tripartite alliance (Al-Sadr, the Democratic Party and the Sovereignty) constitutes about two-thirds of the parliament’s members, as the Sadrist bloc has 73 seats, the Democratic Party has 31, and the Sovereignty Alliance has 67 seats, bringing a total of 171 seats out of a total of 329 deputies.
Below here is the WOTS for the day "Word on the Street"
Publishes the dollar exchange rate on the local stock exchange for Tuesday, February 1, 2022, according to the monitoring of specialists.
Baghdad - the stock exchange
147,800
....
The price is in most Baghdad exchanges
Purchase
147,500
sale
148,250
——————————
Sulaymaniyah - Bursa
147,975
———————
Basra - Bursa
147,850
———————
Erbil - Bursa
147,925
———————-
Mosul - Bursa
147,900
Favorite Currencies Forex Quotes
Symbol | Bid | Ask | High | Low | Open | Change | Time |
---|---|---|---|---|---|---|---|
USD/IQD | | | 1457.8000 | 1457.8000 | 1457.8000 | | 00:34 |
USD/VND | | | 22647.8500 | 22645.9400 | 22647.8500 | | 14:00 |
USD/CNY | | | 6.3595 | 6.3584 | 6.3594 | | 01:12 |
USD/KWD | | | 0.3028 | 0.3025 | 0.3028 | | 04:50 |
GBP/USD | | | 1.3502 | 1.3431 | 1.3440 | | 05:11 |
USD/IRR | | | 42243.7000 | 42226.3000 | 42243.7000 | | 10:27 |
USD/IDR | | | 14346.0000 | 14302.0000 | 14337.0000 | | 05:11 |
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Adjourning the case for the most numerous parliamentary bloc to next Thursday
Today, Tuesday, the Federal Supreme Court decided to postpone the case for the largest parliamentary bloc.
The reporter of (Al Rabaa) said, "The Federal Supreme Court postponed consideration of the case of the most numerous parliamentary bloc until next Thursday."
The Federal Court had canceled the state order to stop the work of the Presidium of Parliament
The Framework Announces The Move Towards Collecting Parliamentary Signatures To Change The Dollar Exchange Rate
The deputy of the coordination framework, Ibtisam Al-Hilali, revealed, on Tuesday, the framework’s move to collect parliamentary signatures to restore the dollar exchange rate to its previous rate, surprising at the government’s insistence on maintaining the exchange rate, especially with the recovery of oil markets during the past weeks.
Al-Hilali said in a statement to "The Information", "The coordination framework is moving towards collecting parliamentary signatures in order to restore the exchange rate of the dollar against the Iraqi dinar or reduce its current price."
She added that "the framework's movement in this regard is still continuing until the will of the Iraqi people, who were affected by the high exchange rate of the dollar, is achieved," noting that "the government raised the exchange rate in order to supplement the 2012 budget, and now it has obtained additional funds due to the high oil price."
And the representative of the State of Law coalition, Firas Al-Maslmawi, confirmed in a previous statement, that his coalition and a number of members of Parliament within the same direction will not allow the budget to be passed for the current year except after a reduction in the dollar exchange rate against the dinar.
The coordination framework is engaged in a new round of talks on the impact of Barzani's initiative and is preparing a paper on "critical" guarantees
The Coordination Framework will hold a new round of talks today, Tuesday, to discuss a political initiative submitted by Kurdish leader Massoud Barzani, to resolve the dispute between the leaders of the framework and the leader of the Sadrist movement Muqtada al-Sadr, less than a week before a crucial session of the Iraqi parliament to choose a president. And then assign a candidate to form the new government.
A leading source in the coordination framework told Shafaq News Agency, "Yesterday's meeting of the framework leaders did not produce specific outcomes, because the initiative of the leader of the Democratic Party, Massoud Barzani, did not reach its details officially, which necessitated the completion of the meeting for the next day to lay down a number of important points that will be written down. Later, as a partnership contract between the framework and the Sadrist bloc, and with its signature by the two parties, matters will proceed towards dissolution and the formation of the government comfortably, without affecting the program of the national government.”
He added that "today's meeting will also discuss setting points or obtaining guarantees to proceed with the implementation of the initiative with al-Sadr, and if it is approved by the latter, it will be unified with the paragraphs of the Kurdish initiative, in other words, the ball will be transferred from the framework square to the allied forces square to form the government." .
He continued, "If al-Sadr refuses this, the framework has no choice but to go to the opposition. The matter remains subject to the agreements of the framework's leadership."
The coordination framework meeting comes in the wake of an initiative launched by Kurdish leader Massoud Barzani, which led to the meeting of the Triple Alliance, in Al-Hanana (Sadr’s residence in Najaf), which included Nechirvan Barzani, President of the Kurdistan Region (the Democratic Party), and Khamis al-Khanjar and Muhammad al-Halbousi for (sovereignty), with the chest.
The Iraqi parliament is scheduled to hold a session, the second of its legislative life, next Monday, in which it chooses the president.
Most of the odds indicate that Hoshyar Zebari, the candidate of the Kurdistan Democratic Party, will be president of the republic, and that the latter will assign the Sadrist bloc's candidate to form the Iraqi government.
In terms of numbers, the tripartite alliance (Al-Sadr, the Democratic Party and the Sovereignty) constitutes about two-thirds of the parliament’s members, as the Sadrist bloc has 73 seats, the Democratic Party has 31, and the Sovereignty Alliance has 67 seats, bringing a total of 171 seats out of a total of 329 deputies.
CBI Update: Just a note:
including $80,460,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
1-31-2022 Intel Guru Frank26 there is a lot of talk out there...people saying 'look at the article...they're saying that they're going to go back to the exchange rate...to what it was...1190 or something like that.' No...they don't know what they're talking about. They even tell you that the rate against the dollar of the exchange rate has to decrease. Remember the smaller the number - it gets them to 1 to 1. It's well explained. You've got people that don't know what they're talking about and it causes confusion.
1-31-2022 Newshound/Intel Guru Walkingstick [via Frank26] The new small category notes will come out first and then the new exchange rate or simultaneously...in 2022 they're going to raise the exchange rate by getting rid of the American dollar...they're going to float it...
1-31-2022 Newshound Guru Pimpy Article: "A deputy reveals a set of options regarding the 2022 budget, including the price of the dollar" Here's the talk of the town. Everybody's talking about a rate change...I still think what's going to happen is you're going to see the dinar go up in value but it's going to happen in increments and it's going to happen over a period of time.
1-31-2022 Regular Guy Guru Vital Brad Community comment "No such thing as redemption centers..." I've heard different things on this. There's so much opinions out there but when this thing goes International and banks are trading you're going to be able to go down to a currency bank, Forex dealer and get the IQD traded in, purchase it if they have it on hand, it's going to be a tradable currency.
1-31-2022 Intel Guru MarkZ [via PDK] [Are they kicking the can this week?] I don’t think they are kicking the can…we are going to find out in the next 24 hours imo…whether we can squarely say this is our week or not…My contacts in Iraq are thinking tomorrow Tuesday for Iraq to unpeg or change value on the dinar…
1-31-2022 Guru Nader From The Mid East Here's the good news. From here till next week the rate will go up. I don't know if they're going to RV it or RI it. Or I have no idea if they're going to the 'previous' it. The previous is 1160 but I think they're going to put it at 1150. I hope they RV it...I know something is going to happen this week or by next week. I know for sure yes...they keep saying they're going to do, they're going to do it, they're going to do it but we don't know when they're going to do it.
1-31-2022 Intel Guru Holly ...Intel is sparse and many are gagged. We are told to be quiet. What I do hear is positive. Though there are many different scenarios as to how this going to happen. I will say it is crazy at the end...
1-31-2022 Newshound/Intel Guru Mnt Goat Article: "A GOVERNMENT MOVE TO FORM A SOVEREIGN FUND IN IRAQ THAT WAS SUPPOSED TO WORK 18 YEARS AGO" This is all part of the financial stability we are now seeing develop in Iraq. They need stability and security…remember? Could the elite finally have had their share of raping the wealth out of Iraq and are now backing off? Why are so many issues now being addressed that have not been addressed since 2003?...This is not business as usual.
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