Saturday, April 30, 2022

Morning articles APR 29 2022 Air Defense: New radar detection systems will enter Iraq

 Morning articles APR 29 2022 

Air Defense: New radar detection systems will enter Iraq


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Things are clear.. the coordination framework within the next government or the continuation of the political blockage and the ?deterioration of the country's economy

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The representative of the Al-Fateh Alliance, Ahmed Al-Moussawi, confirmed today, Friday, that the political crisis has led to the deterioration of the economic situation in .the country

Al-Moussawi said in a statement to (Baghdad Today), that "the political blocs must speed up resolving their differences and expedite the formation of the new government due to the negative reflection of the political crisis on the economic ".reality in the country He added, "It is expected that there will be a breakthrough in the political crisis after ".Eid al-Fitr

Al-Moussawi added, "There is a conviction among all political parties that it is not possible to go to form the next government without the presence of a coordinating ".framework, so all things have become clear


His role is great in persuading Al-Sadr and Barzani... Behind the scenes of Al-Halbousi's visit to Iran: changes in the political scene

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Today, Friday, political analyst Hashem Al-Kindi expected a change in the map of political alliances after the visit of Parliament Speaker Muhammad

Al-Halbousi to .Iran Al-Kindi said in a statement to (Baghdad Today), that "Al-Halbousi's visit to Iran is part of the protocol agreed upon between the two countries, as all parliament ".speakers in previous sessions were invited by Iran after their election

He added that "this visit will not be limited to being a protocol visit to welcome the ".speaker of Iraq's parliament, but the political aspects will be present Al-Kindi continued: "It is possible that the map of political alliances will change after

Al-Halbousi's visit to Iran, as the changes will be towards broader alliances, and AlHalbousi and Barzani may have a greater role in persuading the leader of the Sadrist movement, Muqtada Al-Sadr, to unite the Iraqi house towards an agreement that ".includes everyone in the next government


A new statement from Al-Fateh after the position of the Sadrist bloc regarding the rapprochement between the two parties

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A member of Al-Fateh Alliance Khaled Al-Saray affirmed today, Friday, that we seek convergence of views to find solutions to the political crisis.

Al-Saray told Earth News, "The people are waiting for many of the blocs that voted for them to have wide knowledge and a higher importance for all political blocs, especially since the gap is widening day by day between the political blocs.

He added, "We hope that the coming days will witness a convergence of views to resolve the political blockage that has lasted for a long time and is pointing to many repercussions, including economic, political and security ones."

He continued, "The wise should use the language of reason and numbers and enter the parliament, far from breaking wills, as it is not possible to exclude one party without another."

The Sadrist bloc announced yesterday, Thursday, that it did not hold any dialogue or understanding with any party and that it is committed to the deadline given by al-Sadr for the purpose of forming a government.


Air Defense: New radar detection systems will enter Iraq

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The Air Defense Command revealed, today, Friday, the imminent entry of radar detection systems into Iraq, while it identified three measures to develop air defense at the level of developed countries.

The Air Defense Commander, Lieutenant-General Maan al-Saadi, told the Iraqi News Agency (INA): "The Air Defense Command is working on developing one of its aspects, as the radar detection systems will arrive in Iraq in the coming months."

He added, "This system will raise the capabilities of air defense," noting that "there are future contracts for other systems."

He added, "The Commander-in-Chief of the Armed Forces, Mustafa Al-Kazemi, and Defense Minister Jumaa Inad support the development of the air defense system in terms of contracts and imports," noting that "air defense needs support and capabilities in order to reach the level of regional countries."

And he indicated that "contracting air defense systems goes through stages, including choosing the type of system from solid origins and studying the technical aspect of it while providing financial support," explaining that "this takes time."
He stated that "Iraq seeks to be at the level of developed countries in terms of air defense.


Parliamentarian: Al-Kazemi's government is the most corrupt ever

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On Friday, the independent member of the House of Representatives, Basem Khashan, described the federal government headed by Prime Minister Mustafa Al-Kazemi as the "corrupt" among the governments that followed the year 2003.

Khashan said in a blog on the social networking sites "Facebook" today, "The Chinese agreement is good with regard to major projects that the state is unable to establish, and the Chinese companies undertake to complete them. As for the schools deal, it is a corrupt deal, and Chinese companies are not obligated to anything except to pay shares. Corrupt profits are earned in return for referring schools to Iraqi contractors at half the price.

He added, "No government was formed that was more corrupt than Al-Kazemi's government at all."

The Iraqi government had announced the end of the year 2021, the signing of 15 contracts with the Chinese side to build 1,000 schools in different parts of the country.

On September 19, 2019, Iraq and China signed 8 agreements and memoranda of understanding at the conclusion of talks between their delegations in Beijing, according to which Iraq opened a credit account in a Chinese bank, to deposit oil revenues of 100,000 barrels per day, in exchange for the implementation of infrastructure projects, such as schools, hospitals, roads and electricity. And sanitation, to be determined through the Ministry of Planning and in coordination with the Council of Ministers.


Ahead of Eid al-Fitr... Recession hits Baghdadi markets!

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Recession hits Baghdadi markets before Eid al-Fitr.

Baghdadi markets are witnessing a cooldown in commercial activity before the blessed Eid al-Fitr... At a time when the Karrada area is still closed to the movement of wheels, the situation is still stagnant.

A commercial stagnation hits the markets before the Eid. There is nothing to sell or buy here except for the simple ones. Shop owners revealed that this Eid is the weakest in turnout in years

In Karrada, the situation is not much different ,  and perhaps even worse, due to the re-closure of the area  and the restriction on shoppers  immediately after breaking the fast

Shop owners count on the last two days of the monthRamadanMay they revive the market, especially since their shops remained empty of shoppers, as the picture shows


Document..the Iranian ambassador sends a message to the Iraqi people: This is our main goal

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The Iranian ambassador (whose diplomatic representation in Baghdad has expired), Iraj Masjedi, sent on Thursday a message to the political, religious and clan forces and the general Iraqi people, while referring to some of the achievements and goals to be achieved between the two countries.

Masjedi said, in his message, which was received by Shafak News Agency, that "cancelling visas for Iranian and Iraqi passport holders on flights between the two countries is only a first step."

He added that "the main goal is the complete abolition of visas for nationals of the two countries, in addition to the railway connection and the establishment of a highway extending from Najaf to Mashhad," stressing that his country "will spare no effort in achieving these goals."

 


Within 6 years.. 4 billion dollars will be paid by Iraq to the International Monetary Fund as debts with interest

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Today, Friday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed that Iraq will pay 4 billion dollars to the International Monetary Fund, indicating that the repayment period will continue until 2028.

Salih said that "there are debts owed by Iraq to the International Monetary Fund, which are loans that were provided after the year 2015 during the financial and security crises against ISIS terrorism at that time, and about that may exceed four billion dollars and according to two successive programs and two tranches: the first was called (accelerated financing method) and about more than On one billion dollars to support the 2015 budget,” noting that “the other loan between 2016 and 2017 amounted to nearly three billion dollars, within the scope of a program called (credit preparedness arrangements).”

He explained that "these amounts are currently paid in installments with simple interest periodically and regularly, and they are part of the remnants of Iraq's remaining external debt that is really payable, which amounts to about 20 billion dollars, paid in installments until the year 2028 mostly."

The Prime Minister’s advisor had previously confirmed that “the loans of the World Bank in particular are long-term and have grace periods of about 6 years, which usually extend to about 14 years, and the interests on them are moderate, as they are similar to the interest of the London markets on dollar lending transactions (Liber) plus a percentage of A simple extra represents the bank commission.


Central Bank Governor: (Tamkeen) initiatives contributed to supporting several sectors

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he Governor of the Central Bank of Iraq, Mustafa Ghaleb Mokhif, confirmed that the initiatives of (Tamkeen) contributed to the support of several sectors.
The media of the Community Initiatives Fund (Tamkeen) stated in a statement received by (Al-Oula News) that "the governor of the Central Bank of Iraq, the advanced cadre in the Central Bank, the Association of Private Banks, and a number of state officials participated in the breakfast table that was held for orphaned children and people with special needs in the Al-Qashla building."

The statement added that "Makhif Karam, on the occasion of the blessed month of Ramadan, honored a number of orphans and people with special needs, within the (Tamkeen) initiative, which is funded by private banks and managed by the Central Bank of Iraq and the Association of Private Banks."
The statement continued, "The Governor of the Central Bank conducted an inspection visit to Al-Mutanabbi Street, which the (Tamkeen) initiative contributed to rehabilitating it in a way that suits Baghdad's status. He also visited Shabandar Café and met a number of its pioneers."

He stressed, according to the statement, that "the Central Bank of Iraq is supportive of the cultural sector, and that (Tamkeen) initiatives have contributed to supporting several sectors that serve large segments of Iraqi society."


Informed sources reveal a complete cessation of negotiations with the Sadrist movement, and it is likely that he will announce the political opposition

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Well-informed political sources said that the Sadrist movement, led by Muqtada al-Sadr, has effectively frozen political negotiations with all the forces represented in the House of Representatives, and that matters are still in limbo, and that the conversations that were issued by some of the spokespersons of the forces of the coordination framework about the existence of negotiations or secret understandings aimed at putting pressure The psychological trend is on the trend, as well as obstructing any convergence effort by some of the small forces that may organize for the tripartite alliance led by al-Sadr, stressing that "the political fasting will remain, and no one has been able to see the crescent of agreement or rapprochement at all."

The sources indicated that "there is restlessness and a decline in the enthusiasm of some of the Sunni political parties affiliated with the tripartite alliance, especially after the changes witnessed by the scene there, most notably the appearance of the former Finance Minister Rafie al-Issawi and the Sheikh of the Dulaim clans, Ali Hatem al-Suleiman, who were wanted in the past."

The sources confirmed, "The Kurdistan Democratic Party, headed by Masoud Barzani, also began to be convinced of the features of an imminent agreement with Iran, driven by its fears of a split within the region due to the isolation of the Patriotic Union of Kurdistan, and the state of crisis in the relationship between the two parties."

She pointed out that "Al-Sadr has read these changes, and he may find himself compelled to go with his bloc towards the political opposition in the House of Representatives, and he may end up declaring a complete withdrawal from the scene if he excludes or the forces of the coordination framework succeed in obstructing his efforts for the fourth time in a row."

In this direction, the Sadrist movement denied the existence of any agreement with the coordination framework on forming a government.

According to a document issued by the movement, “Some media outlets circulated statements and leaks from some leaders of the coordination framework that the twenty-eighth day of the blessed month of Ramadan will be a breakthrough and an agreement between the Sadrist movement and the coordination framework, regarding the formation of the next government, and to respond to these lies we say First : The purpose of these continuous lies is to destabilize the tripartite alliance (to save homeland), and we tell them that it is a solid alliance that will not be shaken by such nonsense and allegations, and we call on them not to repeat this in the future.

After him and until this moment, there are no political understandings or meetings between us and the coordinating framework, and we still say the government of the national majority regarding the formation of the next government


Al-Rafidain reveals the imminence of re-working the electronic submission of the advances

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Al-Rafidain Bank revealed that the electronic submission of the advances of employees, members of the defense and the interior and the retired is nearing. The media office of the bank explained in a statement that the bank was exposed to technical and technical problems that forced it not to launch its services and credit products through electronic payment tools ... indicating that the bank intends during the coming period to restart work. With the electronic payment system, with new and easy procedures after fixing the defect, and thus all lending requests will be met in accordance with the instructions, controls and legal and administrative contexts.

The statement pointed out that the bank seeks to simplify the procedures for granting advances and loans in general, in order for everyone to benefit from the products it offers, especially after increasing the amounts of credit to include the widest segment of the bank's customers with services and facilities. 

The statement added that the bank’s management, according to an extensive study, has decided in the current period to reduce the interest rate on advances and loans, which is an important and bold step that the bank has not taken for several years, after the interest represented large numbers, which generated resentment and resentment by customers. The statement praised the media, journalists and other media, as well as personalities and authorities who conveyed the appeals and concerns of citizens to find solutions for them, and that the doors of the bank are open to all to receive citizens and overcome obstacles and obstacles facing the completion of their transactions



Below here is the WOTS for the day "Word on the Street" report

 dollars for 14750 dinars.

The selling prices of the hundred dollars were recorded at 147,750 dinars, while the purchase prices of the hundred dollars were recorded at 147,500 dinars.


The Markets:
The Asian markets closed up NIK up by 1.75% HSI by 4.01% SHANG by 2.41%
The UK markets are currently trading in the green from .18% to 1.03% 
Our futures are currently trading down  DOW at 33718 by .34% SNP at 4254.25  by .68% NDX at 13323.75  by 1.00%

Precious Metals:
Gold is green at 1917 Silver is green at 23.59 Copper is green at 445 Platinum is green at 925 

Brent 109 WTI  106   Bitcoin: 39,211  10 yr yield: 2.88

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1428.6000  1485.7000 1456.4000 1456.3000 1456.3000  0.0000 23:52
 USD/VND  22962.0000  22965.0000 22968.1300 22964.7700 22968.1300  -4.3800 03:54
 USD/CNY  6.5903  6.5923 6.6492 6.5844 6.6254  -0.0350 05:04
 USD/KWD  0.3061  0.3071 0.3065 0.3063 0.3065  -0.0003 04:56
 GBP/USD  1.2557  1.2557 1.2575 1.2449 1.2453  0.0104 05:05
 USD/IRR  42100.0000  42500.0000 42332.1000 42315.5000 42332.1000  0.0000 23:52
 USD/IDR  14492.0000  14492.0000 14537.0000 14427.0000 14504.0000  -12.0000 05:05

Things in the News:

Iraqi Articles:

Oil prices are rising again

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Oil prices rose today, Friday, in light of fears of a possible embargo on oil exports from Russia, which is one of the major oil producers in the world

By 07:58 local timeMoscowBrent crude futures rose 0.9% to $108.22 a barrel, while US West Texas Intermediate crude futures rose 0.54% to $105.92 a barrel

The rise comes in light of fears of a possible ban on oil exports from...RussiaThis came after a newspaper report.The Wall Street JournalHe reported thatGermanyWilling to stop buying oil fromRussia.

The newspaper's report, quoting analysts at "Energy Aspects", said that "the European Union (now) is seriously considering imposing a ban on Russian oil imports in one way or another, and evenGermanyready to support this move


Within 6 years.. 4 billion dollars will be paid by Iraq to the International Monetary Fund as debts with interest

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Today, Friday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed that Iraq will pay 4 billion dollars to the International Monetary Fund, indicating that the repayment period will continue until 2028.

Salih said that "there are debts owed by Iraq to the International Monetary Fund, which are loans that were provided after the year 2015 during the financial and security crises against ISIS terrorism at that time, and about that may exceed four billion dollars and according to two successive programs and two tranches: the first was called (accelerated financing method) and about more than On one billion dollars to support the 2015 budget,” noting that “the other loan between 2016 and 2017 amounted to nearly three billion dollars, within the scope of a program called (credit preparedness arrangements).”

He explained that "these amounts are currently paid in installments with simple interest periodically and regularly, and they are part of the remnants of Iraq's remaining external debt that is really payable, which amounts to about 20 billion dollars, paid in installments until the year 2028 mostly."

The Prime Minister’s advisor had previously confirmed that “the loans of the World Bank in particular are long-term and have grace periods of about 6 years, which usually extend to about 14 years, and the interests on them are moderate, as they are similar to the interest of the London markets on dollar lending transactions (Liber) plus a percentage of A simple extra represents the bank commission.

Central Bank Governor: (Tamkeen) initiatives contributed to supporting several sectors

link

IMG 20220429 115032

The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mokhif, confirmed that the initiatives of (Tamkeen) contributed to the support of several sectors.
The media of the Community Initiatives Fund (Tamkeen) stated in a statement received by (Al-Oula News) that "the governor of the Central Bank of Iraq, the advanced cadre in the Central Bank, the Association of Private Banks, and a number of state officials participated in the breakfast table that was held for orphaned children and people with special needs in the Al-Qashla building."

The statement added that "Makhif Karam, on the occasion of the blessed month of Ramadan, honored a number of orphans and people with special needs, within the (Tamkeen) initiative, which is funded by private banks and managed by the Central Bank of Iraq and the Association of Private Banks."
The statement continued, "The Governor of the Central Bank conducted an inspection visit to Al-Mutanabbi Street, which the (Tamkeen) initiative contributed to rehabilitating it in a way that suits Baghdad's status. He also visited Shabandar Café and met a number of its pioneers."

He stressed, according to the statement, that "the Central Bank of Iraq is supportive of the cultural sector, and that (Tamkeen) initiatives have contributed to supporting several sectors that serve large segments of Iraqi society."

Informed sources reveal a complete cessation of negotiations with the Sadrist movement, and it is likely that he will announce the political opposition

link

Well-informed political sources said that the Sadrist movement, led by Muqtada al-Sadr, has effectively frozen political negotiations with all the forces represented in the House of Representatives, and that matters are still in limbo, and that the conversations that were issued by some of the spokespersons of the forces of the coordination framework about the existence of negotiations or secret understandings aimed at putting pressure The psychological trend is on the trend, as well as obstructing any convergence effort by some of the small forces that may organize for the tripartite alliance led by al-Sadr, stressing that "the political fasting will remain, and no one has been able to see the crescent of agreement or rapprochement at all."

The sources indicated that "there is restlessness and a decline in the enthusiasm of some of the Sunni political parties affiliated with the tripartite alliance, especially after the changes witnessed by the scene there, most notably the appearance of the former Finance Minister Rafie al-Issawi and the Sheikh of the Dulaim clans, Ali Hatem al-Suleiman, who were wanted in the past."

The sources confirmed, "The Kurdistan Democratic Party, headed by Masoud Barzani, also began to be convinced of the features of an imminent agreement with Iran, driven by its fears of a split within the region due to the isolation of the Patriotic Union of Kurdistan, and the state of crisis in the relationship between the two parties."

She pointed out that "Al-Sadr has read these changes, and he may find himself compelled to go with his bloc towards the political opposition in the House of Representatives, and he may end up declaring a complete withdrawal from the scene if he excludes or the forces of the coordination framework succeed in obstructing his efforts for the fourth time in a row."

In this direction, the Sadrist movement denied the existence of any agreement with the coordination framework on forming a government.

According to a document issued by the movement, “Some media outlets circulated statements and leaks from some leaders of the coordination framework that the twenty-eighth day of the blessed month of Ramadan will be a breakthrough and an agreement between the Sadrist movement and the coordination framework, regarding the formation of the next government, and to respond to these lies we say First : The purpose of these continuous lies is to destabilize the tripartite alliance (to save homeland), and we tell them that it is a solid alliance that will not be shaken by such nonsense and allegations, and we call on them not to repeat this in the future.

After him and until this moment, there are no political understandings or meetings between us and the coordinating framework, and we still say the government of the national majority regarding the formation of the next government



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 April 29th, 2022 total sales amount $0. FRIDAY

including   $0. CASH 



ISX Update:   

www.isx-iq.net/   

Shares Traded: No trading today
Value Traded: 

closed 

https://www.dinarguru.com/
4-28-2022   Intel Guru MarkZ   [via PDK]  Article:  "The Iraqi government has confirmed that the Eid-Al Fitr will begin on Sunday the 1st of May and end on Thursday the 5th of May”…. I am still hearing this is the target. And within 3 days or so at the end of this holiday is when they expect to have a new value on the dinar...That is what I am being told from inside the sandbox..say around the 8th to the 10th… This would fit with dates our military contacts have been telling us for the month of May.  I am hopeful this is it. 

4-28-2022   Newshound/Intel Guru Mnt Goat 
 ...we are in a VERY GOOD position to see this reinstatement before the end of the summer if not much sooner. So hang in there...

4-28-2022   Newshound Guru Kaperoni   Question: "if Iraq floats the dinar, and hyperinflation devalues the dollar, will that not force the dinar upward in value."  If the dinar floats it'll have nothing to do with the dollar and its value will be determined by market forces. There is talk of pegging it to a basket of currencies from the Middle East which also may be possible. Either or would have nothing to do with the dollar. Currently, the dinar is pegged to the dollar only to provide stability under the conditions in Iraq.

4-28-2022   Newshound/Intel Guru Walkingstick   Question "Will the budget and the white papers be launched this year?"   That's the plan.

4-28-2022   Intel Guru MarkZ   [via PDK]   I know its frustrating…I don’t control the timing…All I can do is tell you what I am hearing and share what I am hearing…other than a little chatter out of Iraq it is still very quiet. Article   “The Iraqi Parliament is in the process of issuing a resolution obligating the government to submit the financial budget” This is big news from Iraq. And this is almost a verbatim article that we saw coming out of Kuwait before they RV’d almost 22 years ago…on the morning that they RV’d…Article “Is it time to delete zeros” an economist commented. To me this is a fantastic piece of smoke…It is coming…
4-28-2022   Intel Guru Frank26   Article:  "The rise in oil covers the budget deficit.. Good news from officials: Returning the dollar exchange rate to its previousTHEY ARE EXPECTING A CHANGE IN THE EXCHANGE RATE.

4-28-2022   Newshound Guru Pimpy 
  Question:  "Is it not too late to buy dinar?  I really need a house or a place to rent on my own.  I don't make much and I'm looking for a miracle."  People are still buying the dinar but here's the issue with everything that's going on.  It's hard to judge when the rate change is going to happen.  If you're listening to other people out there right now they're promising you a rate change of $3.22 or that it's gonna happen next week...you hear all this stuff so be careful...make sure that you just buy with whatever discretionary funds you have...

4-28-2022   Intel Guru MarkZ   [via PDK]   ...we know this is inevitable... Like Voltaire said “Fiat currency always returns to its intrinsic value of zero.”...So when we win…We are going to win big.


Catnip's Corner:
On H