WOTS TUE MAR 29 22 Hours of the Wednesday session... Arrangement for a "last dinner" between the frame and the current
These are the articles I would have discussed had I done a My FX Buddies Podcast:
What will happen if Parliament fails tomorrow, Wednesday, to elect the President of the Republic?
The legal expert, Amir Al-Daami, revealed today, Tuesday, the fate of Parliament in the event it fails to vote on electing the President of the Republic in its session scheduled to be held tomorrow, Wednesday.
Al-Daami told "Earth News" that "in the event that the election period for the president of the republic expires tomorrow, it is basically the constitutional violation that occurred considering that Article 70 of the constitution was violated, which is 30 days from the date of the first session."
Al-Daami added, “This breach has occurred, and so far the constitution has been violated within the constitutional terms. Therefore, consensus and agreements will remain the norms that will apply and transcend the constitution,” explaining that “the texts of the constitution are an order, but unfortunately political consensus transcends these texts.”
He added, "There is no objection to violating the constitution except in the event of resorting to the Federal Court, which will obligate the House of Representatives to abide by the constitutional provisions and set a deadline for electing the President of the Republic.
Politician: Wednesday's Session Pregnant With Surprises.. The Data Tend To Be Framed
The independent politician Younis Muhammad confirmed, on Monday, that the parliament session next Wednesday is pregnant with surprises.
Muhammad said in an interview with Al-Information, that “the current data indicates that the balance tends to the coordination framework, as it is the guarantor third in the political equation, especially since the Sunni house is not united, and it takes its guarantees from the Kurdish side, not the Arab, which generated problems in this path, but in all cases Wednesday’s session will be full of surprises.”
He added, "Agreeing on names to be put forward in Wednesday's session as candidates for the posts of the presidency and ministers may be the beginning of a solution and rapprochement between the framework and the rest of the political forces, but in all cases the framework will remain the guarantor third that cannot be exceeded, especially since the quorum to pass the candidate of the President of the Republic needs 220 deputies."
He pointed out that "if there is a consensus in Wednesday's session, and this matter is not excluded, it will be the beginning of a breakthrough for the political blockage, but in any case, the next 48 hours will be the one who will decide all the options presented."
The Presidency of the House of Representatives has set next Wednesday a date to vote on a candidate for the position of President of the Republic, “
Hours of the Wednesday session... Arrangement for a "last dinner" between the frame and the current
Negotiations are taking place between the leaders of the coordination framework and the Sadrist movement, which may result in a meeting this evening, on the eve of the parliament session scheduled for tomorrow, Wednesday, which is dedicated to electing a new president.
The representative of State of Law, (the most prominent poles of the coordination framework) Ahmed Al-Latifi told Shafaq News Agency, "Negotiations are currently taking place between the leaders of the coordination framework and the Sadrist movement, regarding tomorrow's session, and there may be a meeting to be held this evening, between the leaders of the Shiite house."
Al-Latifi added, "The meeting, expected to be held in the evening, will discuss the formation of the largest bloc of Shiite forces, which in turn will take the formation of the new Iraqi government."
The deputy of the State of Law coalition concluded by saying that "the framework leaders are keen not to repeat the scenario of last Saturday's session, and are looking forward to holding a session on Wednesday to elect a president of the republic."
The Iraqi parliament failed, for the second time in a row, to hold a session to elect a president for the country, the first when the Federal Court rejected Hoshyar Zebari’s candidacy, and the second when Parliament failed to achieve a quorum to pass Reber Ahmed, both of whom are candidates for the Kurdistan Democratic Party, which is affiliated with the Alliance to Save the Nation. (The Trio) previously, and it includes the Sadrist bloc, and the Alliance of Sovereignty with its two parts (Advance and Azm).
More than five months have passed since the holding of the Iraqi legislative elections, and nothing but the election of a speaker to the parliament has been achieved from the constitutional entitlements that follow after each poll, while the political understandings and discussions about choosing the presidents of the republic and government are still in an unprecedented state of obstruction.
The leader of the Sadrist movement, Muqtada al-Sadr, insists on forming a "national majority" government through his alliance with the Kurdistan Democratic Party and sovereignty, in addition to his quest to attract other small blocs and independent deputies. Everyone participates in it, by “disrupting” the movement of the “majority” under the dome of Parliament.
Washington reveals to Baghdad the details of its talks with Tehran
Today, Monday, the US special envoy for Iran, Robert Malley, revealed the details of .her talks with Tehran Mali said in a statement received (Baghdad today): "Foreign Minister Fouad Hussein met with the US Special Envoy for Iran Affairs Robert Mali, on the sidelines of his ".participation in the Doha Forum in its 20th edition
The statement continued, "During the meeting, they discussed the political and security developments in the region and their repercussions, the reality of US-Iranian relations, and ways to activate the exploratory dialogues that took place previously, and they also touched upon the ongoing negotiations in Vienna and the five ".countries + one
The minister stressed, according to the statement, "the importance of enhancing stability and introducing coordination opportunities and mechanisms, especially since Iraq follows the principle of de-escalation and the consequent interests of all parties, ".and what is reflected on security and peace in Iraq's neighborhood and the region
For his part, Robert Malley confirmed that "the course of the talks was good, and there are some other issues that are on the table," expressing his "thanks to the role ".that Iraq plays in this field
A government official determines the reason for the stability of the dollar exchange rate in the Iraqi markets
An official source in the Iraqi government attributed, today, Tuesday, the reason for the stability of the exchange rates of the US dollar in the local markets to "economic stagnation", indicating that the bank's cash sales are less than what the market needs in normal cases.
The source told Shafaq News Agency, "The delay in the budget for the current year 2022 is behind the economic stagnation in the main commercial market in Baghdad, which led to the stability of the dollar exchange in local markets," adding that "the citizens' demand for purchase in the month of Ramadan was an incentive to maintain stability rather than declining further as a result of this stagnation."
The official, who asked not to be named, added that "the bank's cash sales during the auction that it conducts daily are less than what the market needs in normal cases," noting that "the lack of travel during these days of the year and the unstable political conditions have a significant impact on demand and supply for the for the dollar."
It is noteworthy that the exchange rates of the US dollar against the Iraqi dinar in the local markets have witnessed stability during the past two weeks, with a slight increase or decrease.
And the dollar exchange rates in the stock market today recorded 147,200 dinars per $100.
Cabinet spokesman: We have made an amendment to decisions that will improve the investment environment
Cabinet spokesman: We have made an amendment to decisions that will improve the investment environment
Cabinet Spokesman Hassan Nazim: The government is seeking to develop treatments regarding the investment file in Iraq
Nazim: The Cabinet hosted the Minister of Health and there are assurances of the epidemiological situation in Iraq
Nazim: The Cabinet voted to transfer the ownership of hospitals built on real estate belonging to some ministries to Health
Nazim: There is coordination Work on the summer agricultural plan
Politician: Wednesday's Session Pregnant With Surprises.. The Data Tend To Be Framed
The independent politician Younis Muhammad confirmed, on Monday, that the parliament session next Wednesday is pregnant with surprises.
Muhammad said in an interview with Al-Information, that “the current data indicates that the balance tends to the coordination framework, as it is the guarantor third in the political equation, especially since the Sunni house is not united, and it takes its guarantees from the Kurdish side, not the Arab, which generated problems in this path, but in all cases Wednesday’s session will be full of surprises.”
He added, "Agreeing on names to be put forward in Wednesday's session as candidates for the posts of the presidency and ministers may be the beginning of a solution and rapprochement between the framework and the rest of the political forces, but in all cases the framework will remain the guarantor third that cannot be exceeded, especially since the quorum to pass the candidate of the President of the Republic needs 220 deputies."
He pointed out that "if there is a consensus in Wednesday's session, and this matter is not excluded, it will be the beginning of a breakthrough for the political blockage, but in any case, the next 48 hours will be the one who will decide all the options presented."
The Presidency of the House of Representatives has set next Wednesday a date to vote on a candidate for the position of President of the Republic, “
Tomorrow the quorum will be complete.. Barzani's party announces the joining of new independent deputies to the tripartite alliance
A member of the Kurdistan Democratic Party, Dilshad Shaaban, confirmed today, .Tuesday, that new deputies will join the session tomorrow, Wednesday Shaaban said in an interview with (Baghdad Today), that "the quorum will be completed in tomorrow's session, due to the inclusion of a number of independent ".deputies who boycotted last Saturday's session
He added, "The Democratic Party is still sticking to its candidate for the presidency, and it enjoys the support of the Triple Alliance, and it is not true that there are ".demands to change it
Al-Kazemi’s advisor clarifies the fact that $75 was approved to sell oil in the 2022 budget
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, spoke today, Tuesday, about the price of a barrel of oil in the draft federal budget law for 2022, .while specifying the doors to exchange the financial increase in the new budget
Saleh said in a statement to (Baghdad Today), that "the current year's budget, which is in the custody of the Ministry of Finance, may calculate the price of a barrel of oil between 50 to 70 dollars, and so far matters have not been resolved, and it is closer to being calculated within 60 dollars, as this budget will be expansionary and most These increases will be spent on food allocations for trade and the food security project, in addition to the 100,000 grant that the government intends to distribute to ”.a number of categories
He added, "It is difficult now to speculate on the figure that will be adopted for the price of a barrel of oil in the budget, and that the talk of some about setting the price of $75 is incorrect and a matter that has not been resolved so far. Therefore, the previous conversation was about $50, but this matter has become unrealistic and ."it will certainly be more than this." the number
And Saleh indicated that "the budget and its legislation mechanism are governed by many political factors, and talking about sending it from the current or future government is something that cannot be talked about because the budget is linked to some details related to the factors of legislation between the government and ".parliament
For More Reforms.. The Iraq Economic Contact Group Encourages The Government To Take Advantage Of The Rise In Oil Prices
The Economic Contact Group for Iraq announced today, Monday, its encouragement for the Iraqi government to take advantage of the rise in oil prices to implement further reforms.
The group said in a statement, received by Earth News, that it "encourages the Iraqi government to seize the opportunity to use the increased oil revenues in order to strengthen the social safety net and mitigate the impact of food prices," noting that "effective targeting is essential to ensuring that most of the most vulnerable groups receive Adequate support.
And she added, "Given the current situation, the Iraq Economic Liaison Group emphasizes the importance of maintaining progress on major economic reforms and suggests using the increased revenues to lay the foundations for future prosperity in Iraq by providing the required reconstruction and improving human resources and basic services."
The group added that "these reforms will enhance the competitiveness of the Iraqi private sector at the local and international levels, especially the agricultural sector, by enhancing food security in Iraq and increasing job opportunities," stressing that "its members will continue to develop their support for economic reforms as well as their support for social programs, the provision of
basic services and the strengthening of The efficiency of the public distribution system and the agricultural sector
Iraq Economic Contact Group-IECG, encourages the Iraqi government to seize the opportunity
To use increased oil revenues to strengthen the social safety net and mitigate the impact of food prices. Effective targeting is key to ensuring that the most vulnerable groups receive adequate support.
Given the current situation, the Iraq Economic Liaison Group stresses the importance of maintaining progress on major economic reforms and suggests using the increased revenues to lay the foundations for future prosperity in Iraq by providing the required reconstruction and improving human resources and services
the basic.
These reforms will enhance the competitiveness of the Iraqi private sector at the local and international levels, especially the agricultural sector, by enhancing food security in Iraq and increasing job opportunities.
In this context, the members of the Iraq Economic Liaison Group will continue to develop their support for economic reforms as well as their support for social programs, the provision of basic services and the promotion of efficiency
Public Distribution System and Agriculture Sector.
Chargé d'Affairs in Ankara: Iraq has become an attractive arena for foreign investments
Minister Plenipotentiary Nazdar Ihsan Shirzad, Chargé d'Affairs in the Turkish capital, Ankara, confirmed that Iraq has become an attractive arena for companies and foreign investments.
A statement by the Iraqi Embassy in Ankara, received by the Iraqi News Agency (INA), stated that "Minister Plenipotentiary Nazdar Ihsan Shirzad, Chargé d'Affairs to the Republic of Iraq to the Turkish Republic, received the President of the Association of Businessmen of Arab Countries and Turkey, (Turab) Fakhri Kush, and his accompanying delegation ".
Sherzad indicated, according to the statement, the Iraqi government's endeavor to enhance the role of the private sector and increase investments to support the Iraqi economy, stressing that Iraq has now become an attractive arena for companies and foreign investments in various sectors after achieving the final victory over ISIS terrorist gangs, establishing security, and opening it politically to its regional environment. and international.
The Chargé d'Affairs expressed the embassy's readiness to cooperate with the association in making the economic conference that the association intends to hold in Mersin next September, with the participation of businessmen and investors in the Arab and Turkish countries.
For his part, the association’s president expressed his thanks and appreciation for the warm reception and hospitality, stressing that the association’s goal is to strengthen economic and trade relations, investment, finance and industry between Turkish and Arab countries through cooperation and coordination with official institutions, chambers, stock exchanges, organizations, unions and similar associations.
He added that the association includes in its membership companies from (6) Turkish and (22) Arab countries of various specializations, such as the production of construction materials, iron and steel, foodstuffs, medicines, medical supplies and tourism.
The meeting was attended by Counselor Khalil Ibrahim Mahmoud, and First Secretary Uday Abdel Majid.
Below here is the daily WOTS report for March 30 2022 "Word on the Street"
The dollar exchange rate on the local stock exchange for Tuesday (March 29, 2022), according to the monitoring of specialists.
Baghdad - the stock exchange
147,150
---------------
The price is in most Baghdad exchanges
146,500
147,500
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Sulaymaniyah - Bursa
147,200
---------------
Basra - Bursa
147,300
---------------
Erbil - Bursa
147,175
---------------
Mosul - Bursa
147,250
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1434.1000 |  1488.9000 | 1457.1000 | 1456.9000 | 1456.9000 | -1.1000 | 12:32 |
| USD/VND | 22865.0000 | 22870.0000 | 22868.4300 | 22864.4400 | 22864.4400 | 4.1700 | 03:28 |
| USD/CNY |  6.3679 | 6.3699 | 6.3722 | 6.3648 | 6.3705 | -0.0033 | 05:20 |
| USD/KWD | 0.3039 | 0.3049 | 0.3042 | 0.3040 | 0.3042 | -0.0002 | 05:19 |
| GBP/USD | 1.3104 | 1.3104 | 1.3115 | 1.3051 | 1.3090 | 0.0014 | 05:28 |
| USD/IRR | 42025.0000 | 42555.0000 | 42268.7000 | 42251.3000 | 42268.7000 | -35.8000 | 14:10 |
| USD/IDR | 14338.0000 | 14339.0000 | 14372.0000 | 14339.0000 | 14361.0000 | -22.0000 | 05:28 |
Brent crude continues to decline, a barrel below $112
Oil prices extended losses on Tuesday, with the start of a new round of talks between Ukraine and Russia, and amid demand concerns due to the closures in Shanghai, the financial center in China, due to the outbreak of Covid-19 cases.
Brent crude futures fell 60 cents to 111.88 dollars a barrel by 06:49 GMT.
US West Texas Intermediate crude futures fell 59 cents to $105.37 a barrel, after falling to $103.46 a barrel earlier.
Both contracts lost about 7% on Monday.
Officials from Ukraine and Russia will meet on Tuesday in Istanbul for their first peace talks in two weeks. Sanctions imposed on Russia after its invasion of Ukraine limited oil supplies and pushed oil prices to 14-year highs earlier this month.
Russia describes what it is doing in Ukraine as a "special military operation".
The impact of the supply shortage was offset by two-stage shutdown measures in Shanghai over a period of nine days, which are expected to hurt fuel demand in China, the world's largest oil importer.
The Shanghai city government said last Sunday that all companies and factories would stop working or have employees work remotely as part of a two-stage shutdown over nine days, after the city set a new record for asymptomatic coronavirus cases.
Markets are also awaiting the meeting of the Organization of the Petroleum Exporting Countries, OPEC and its allies, a group known as OPEC +, on Thursday.
The group is likely to stick with its limited increases in oil production in May, according to several sources familiar with the matter, despite higher prices and calls from the United States and other countries to increase production.
“OPEC +” has so far resisted calls from major consuming countries, including the United States of America, to increase production.
“OPEC +” has been increasing production by 400,000 barrels per day every month, since last August, to mitigate the impact of the cuts that were made when the Corona pandemic affected global oil demand.
Iraq again obtains a 120-day US exemption for Iranian energy imports
Today, Tuesday, the United States granted Iraq a 120-day exemption from Iranian energy imports.
This exemption will allow the continued import of energy across the border from Iran without imposing sanctions, as efforts have been intensified to revive the 2015 nuclear agreement that would lead to the lifting of some sanctions on Tehran in exchange for restrictions on its nuclear program.
A State Department official said in a statement followed by "Al-Iqtisad News", that "the United States granted a 120-day exemption to allow Iraq to pay the costs of electricity imports from Iran."
And the US Secretary of State renewed the exemption from sanctions on Iraq for participating in financial transactions related to importing electricity from Iran.
The waiver includes Iraq's ability to meet its energy needs in the short term while it takes steps to reduce its dependence on Iranian energy imports.
A government official determines the reason for the stability of the dollar exchange rate in the Iraqi markets
An official source in the Iraqi government attributed, today, Tuesday, the reason for the stability of the exchange rates of the US dollar in the local markets to "economic stagnation", indicating that the bank's cash sales are less than what the market needs in normal cases.
The source told Shafaq News Agency, "The delay in the budget for the current year 2022 is behind the economic stagnation in the main commercial market in Baghdad, which led to the stability of the dollar exchange in local markets," adding that "the citizens' demand for purchase in the month of Ramadan was an incentive to maintain stability rather than declining further as a result of this stagnation."
The official, who asked not to be named, added that "the bank's cash sales during the auction that it conducts daily are less than what the market needs in normal cases," noting that "the lack of travel during these days of the year and the unstable political conditions have a significant impact on demand and supply for the for the dollar."
It is noteworthy that the exchange rates of the US dollar against the Iraqi dinar in the local markets have witnessed stability during the past two weeks, with a slight increase or decrease.
And the dollar exchange rates in the stock market today recorded 147,200 dinars per $100.
What will happen if Parliament fails tomorrow, Wednesday, to elect the President of the Republic?
The legal expert, Amir Al-Daami, revealed today, Tuesday, the fate of Parliament in the event it fails to vote on electing the President of the Republic in its session scheduled to be held tomorrow, Wednesday.
Al-Daami told "Earth News" that "in the event that the election period for the president of the republic expires tomorrow, it is basically the constitutional violation that occurred considering that Article 70 of the constitution was violated, which is 30 days from the date of the first session."
Al-Daami added, “This breach has occurred, and so far the constitution has been violated within the constitutional terms. Therefore, consensus and agreements will remain the norms that will apply and transcend the constitution,” explaining that “the texts of the constitution are an order, but unfortunately political consensus transcends these texts.”
He added, "There is no objection to violating the constitution except in the event of resorting to the Federal Court, which will obligate the House of Representatives to abide by the constitutional provisions and set a deadline for electing the President of the Republic.
CBI Update: Just a note:
