Tuesday, April 5, 2022

WOTS MON APR 4 22 The Federal Court rejects the lawsuit filed regarding raising the price of the dollar - urgent

 WOTS MON APR 4 22 The Federal Court rejects the lawsuit filed regarding raising the price of the dollar - urgent



Al-Amiri to the British ambassador: Foreign intelligence told us of your interference in Iraqi affairs!

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

Al-Fateh Considers Al-Kazemi’s Sending Of The New Programs And Laws “Political Marketing”

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A member of the Al-Fateh Alliance, Ayed Al-Hilali, considered, on Monday, the process of introducing new laws and programs by the current caretaker government and the approval of the House of Representatives, as “political marketing,” while stressing that the food security system is a new gateway to legitimizing corruption.

Al-Hilali said in an interview with the "Information" agency, "The creation of laws may be a new gateway to legitimizing corruption and illegal appropriation of public money through violations within the frameworks of these laws."

He added, "The Food Security Law represents one of the laws that did not provide any service or benefit towards the Iraqi street," calling for "commitment to the ration card program and its support through its own institutions, in addition to tightening control and follow-up on the authorities responsible for this file and therefore perhaps it will be achieved." Positive results in the coming period.

A member of the Al-Fateh Alliance explained that “the caretaker government is working on the principle of political marketing by sending these unconstitutional laws,” expressing his surprise at “not sending them to the ration card program and developing their vocabulary and distributing them on a regular basis to citizens.”


Lawyers and observers propose an extension of the Al-Kazemi government for a year to pass the budget, complete the dues, and overcome the political blockage




The political editor wrote in (Iraq Today):

Iraqi legal and observers have said that the continuation of disrupting the work of the state and harming the interests of society is unfortunate, and it must be stopped immediately, and the effective parliamentary forces should reduce the differences, and go towards a compromise, It is to go to renew the assignment of the Al-Kazemi government for an additional year, and to enable it to complete the necessary and urgent entitlements of the Iraqi street, especially the general budget law, as well as to complete the strategic projects that it contracted for, and to push forward with very necessary bills and legislation, the absence of which may clearly harm the interests of the Iraqi state.

The legal expert, Faisal Al-Hashemi, said, "Working to extend the life of this government may seem logical in light of the crisis of confidence experienced by the forces of the current parliament, and the emergence of the blocking third of the project to pass the presidential candidate, as well as the state of tension experienced by all political forces, which means That the crisis may not end in the near future” and inflicting great harm on the segment of employees, unemployed graduates and others..

He pointed out that “the solution may be by granting the current government confidence temporarily until a national agreement is completed on forming another government, or organizing early parliamentary elections in the event that The failure of the political forces to resolve the stifling political crisis.

While the economic observer, Majid Al-Salem, said that "disrupting the budget law is tantamount to breaking the pillar of the national economy, as well as a deliberate waste of the desired and hoped-for development and construction opportunities. Rather, it is a clear stray in which the state is placed, leading to innumerable damage."

He added that "working to organize this matter, and to go towards legislating the electoral law, requires, as legal experts say, the existence of a government with full powers, and this means that the government must gain political legitimacy from the Parliament, which we believe is responsible for disrupting this law, especially since the second half of The year has begun and a budget has not been approved that guarantees people's interests, and organizes exchange and development operations responsibly."

Al-Salem suggested that “Al-Kazemi’s government is given the opportunity to complete this draft law and other laws, by voting on them within the House of Representatives, and pushing it to approve a set of financial and economic legislation to be approved in the parliament, and these will contribute to the stability of the Iraqi street, and then the forces can The political party must proceed with extensive negotiations if it wants to form a subsequent government."

The Observer of Political Affairs, Ahmed Abbas Madi, commented on the idea of granting the current government temporary legitimacy, as "part of the possible solutions, to overcome the crisis of disruption and formation, which have become climates affecting the social and economic realities of the country, and have become a method by which the simple citizen is harmed."

He pointed out that "the current government enjoys a clear degree of acceptability and reliability from most political parties and the street, and giving it the opportunity to complete some legislation may seem a possible solution to overcoming the current political impasse."

The Federal Court rejects the lawsuit filed regarding raising the price of the dollar - urgent

link so now we need the explanation of this, the impact of it and what's next?

The Federal Court rejects the lawsuit filed regarding raising the price of the dollar

 

Our correspondent said: "The Federal Court held a session today to decide the case against raising the price of the dollar."

"The court decided to dismiss the case," he added.

 another version

Today, Monday, the Federal Supreme Court rejected the lawsuit against raising the exchange rate, according to what a judicial source told Shafak News Agency.

The decision of the Federal Supreme Court comes after a previous decision to postpone the 32 federal lawsuit regarding raising the dollar exchange rate, to the fourth of next April.

The Federal Court had decided to summon the Minister of Finance and the Governor of the Central Bank, to appear before him in a special session regarding the exchange rate of the dollar against the Iraqi dinar, and to seek the assistance of economic experts, Bassem Jamil and Abdul Rahman Najm.

It is noteworthy that the Central Bank of Iraq, on December 19, 2020, officially announced the amendment of the foreign exchange rate (the US dollar) to be 145,000 dinars for every $100, according to the state’s general budget for the year 2021 approved by the House of Representatives.

As a result, according to specialists, the annual inflation in Iraq has risen significantly, so that the prices of all materials and commodities in the Iraqi market have risen significantly, which has sparked a wave of strong resentment among the popular circles, as well as the objections of some interested in economic affairs.


Two officers and 6 soldiers... a new outcome of the suicide attack on the checkpoint south of Mosul

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A security source in Nineveh revealed today, Monday, a new outcome of the suicide attack, which targeted a checkpoint south of the city of Mosul.

The source told Earth News, "The outcome of the suicide attack that occurred a short while ago rose to record the injury of two officers, one of them with the rank of lieutenant colonel, and the other at the rank of first lieutenant, in addition to the injury of 6 other soldiers."

And a source in Nineveh said, earlier today, that four soldiers were wounded in a suicide attack on a checkpoint south of the city of Mosul.

The source told Earth News, "Four soldiers were wounded as a result of a suicide attack with an explosive belt on a checkpoint in the Nuwaikit Mountains, south of Mosul."

He added, "The process of transferring the soldiers to a nearby hospital was carried out," noting that "this is a preliminary outcome, and the casualties are likely to rise."

Al-Amiri to the British ambassador: Foreign intelligence told us of your interference in Iraqi affairs!

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Al-Amiri to the British ambassador: Foreign intelligence told us of your interference in Iraqi affairs!

The head of the Al-Fateh Alliance, Hadi al-Amiri, said on Saturday that foreign intelligence agencies had provided him with information about British interference in the Iraqi political situation.  

 

And the media office of Al-Amiri stated in a statement that “Nass” received a copy from him, (2 April 2022), that “the head of the Al-Fateh Alliance Hadi Al-Amiri, during his reception of the British Ambassador to Iraq Mark Barison Richardson in his office in Baghdad today, Saturday, confirmed that the political process since 2003 until today. It was built on three main pillars: agreement, partnership and balance.  

  

Al-Amiri informed - according to the statement - the British ambassador, saying: "We have information from foreign intelligence agencies confirming your continued interference in the political situation, and we believe that the stability of Iraq is the stability of the region, and everyone must address the political blockage for the sake of stability in the region."  

  

Al-Amiri explained, "We seek a Shiite-Shiite understanding, and certainly this will lead to a Kurdish-Kurdish understanding and end the division in the Kurdish house, and the framework will not give up on forming the largest bloc that preserves the right of the Shiite component in the government and agree on the prime ministerial candidate."  

  

For his part, British Ambassador Richardson stressed, "The United Kingdom seeks to develop bilateral relations and provide support to Iraq, but this requires finding a stable government, and this is what concerns us at the current stage," according to the statement.  

  

Al-Amiri concluded by saying that "political instability generates security instability, and therefore I am afraid of going back to the periods that afflicted Iraq."


Iran calls on America to take a political decision to revive the nuclear agreement

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An Iranian Foreign Ministry spokesman said on Monday that the United States was responsible for the suspension of talks between Tehran and world powers in Vienna aimed at reviving the 2015 nuclear deal .

"America is responsible for the halt in these talks," Saeed Khatibzadeh said in a weekly press conference. "The agreement is largely within reach ."

"Washington must take a political decision on reviving the agreement," he added, adding that Tehran "will not wait forever" to revive the agreement .

The US State Department said Thursday that the nuclear talks still had a few outstanding issues, adding that the responsibility for making those decisions rested with Tehran


A speech from Al-Kazemi's advisor regarding the file of unemployed graduates

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The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed, on Sunday, a vision to address the file of the unemployed from graduates of governmental and private colleges and institutes.

Saleh said, "The next ten-year program for the development of Iraq and building its renaissance must take in its priorities the priority of hiring the most educated human energies represented by graduates of institutes and colleges as a first priority in work by virtue of the cost of investing in Iraqi human capital."

He pointed out, "The priority should be to appoint these people when operating projects, whether those promoted by the state through its investments or through the private sector, which receives government support in financing and investment."

He added, "The other thing to address this crisis is linking graduates to a national retirement fund when they are employed, similar to the fund for teachers in private colleges. This was considered an encouraging package in ensuring the sustainability of the operation of the most educated energies in our country."

Saleh added, in a statement to the official news agency, that "a digital database of the unemployed graduates is necessary, classified according to specializations and their spatial distribution."


The former prime minister presents visions in the context of "breaking the political blockage"

this is the one that the people forced to step down

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Former Prime Minister Adel Abdul-Mahdi presented several scenarios, which he described as “perceptions to break the political blockage.”

In a post on the social networking site "Facebook", Abdul-Mahdi said, "In front of the position of (the coalition) and the reaction of (the framework), the road is still closed, so what are the options? Are there visions of resolving the situation?”

from Facebook

Perceptions of political blockage

May your fasting be accepted, and may our people, country and nation be well and victorious every year. We pray for relief for our people in Yemen and Palestine especially, and to remove this cloud from this nation.
In front of the 'alliance' stance and ' frames' reaction, the road is still closed. So what are the options? And are there any perceptions about the scenario?
1- You can let things take their way. The rapid external developments over the coming days and weeks may impose new options, opening horizons for better understanding.

2- But betting on this is not enough, and there must be no conception to bridge between the national majority demand for the "triple alliance" and the "biggest block" for the "frame", to solve the crisis. And this is one of the images:
Inviting all the majority of the population to a meeting outside the parliamentary meetings (e.g. 2006 and the election of Mr. Al-Jafari vs. Mr. Abdel-Mahdi), ensures attendance (150-160 MPs) and more, supporters, opposition and independent. Despite some "conspiracy", there are no constitutional, executive, political or psychological barriers. Respectable meetings were held for leaders, officials, representatives of "frames" and "tiar" and "independence".
Presidency nominees are being proposed. If more than two go forward, the first round will be organised to pick two winners, followed by another to pick the candidate for the block. The "frame" fulfills its demand, and the "stream" will ensure its demand, and strengthens it with a point (4).

3- When necessary, other components follow the same or similar mechanism according to their conditions and balance. Example 2014 and the election of Mr. Masoum vs. Mr. Saleh.

4- Opponents of different components announce the "National Minority" block, against ensuring the provision of some supplies and conditions, such as: 1- Agreement on an internal system. 2- Electing a president to represent. 3- It does not require that all opponents join the block, but those who do not join may not enjoy all their rights. 4- To have the opposition - for example - vice president of all parliament committees and a third of the committee members, at least.

5- The deputy has the right to be in more than a committee. 6- The Deputy Chairman of the Committee has the right to meet the specialized minister at least once a month, and when necessary. And to receive reports and questions from ministries and organizations for their activities, contracts, appointments, etc. to provide supervision and legislation supplies. 7- For the better performance of supervision and legislation, the presidency of the block has the right to meet the heads of the executive and judicial authorities at least once a month, and when necessary. 8- That the presidency of the block meet with the presidency of the House of Representatives and the presidency of the majority block at least once a month, and when it is necessary to coordinate the work of the legislative authority in principle. 9- The members of the block enjoy all the protections and facilities from governmental circles and our foreign representatives to perform their work. 10- According to its regime, the bloc meets in a roundabout and makes its decisions as a "superior and alternative government". The responsibilities, hostages, and interrogations run individually—or with a majority—in principle. 11- To satisfy her visions and decisions that she can use an agreed number, from experts and advisors from inside and outside the state, and the House of Representatives bear their expenses in principle. 12- The possibility of transition between the majority and minority blocks. And there is no "original" mechanisms for what the "majority" change may follow, on the scale of both legislative and executive authorities.

5- The transitional majority of the national prosecutor can organize themselves according to an internal system that includes the ministerial curriculum, the methods of making their decisions, the disputes between their wings, and the methods of working within the House of Representatives and the rest of the authorities.

6- Within the framework of the "national majority", and after the agreement on the ministerial curriculum, the other party has - when choosing a "tiar" or "frame" candidate for the prime ministerial presidency - the right to ministries, or sites and balances in order to prevent unification and marginalization. And the rest of the Presidents. It is also in the committees of the House of Representatives, municipalities, provinces, etc.

7- If the majority and the minority have their positions and syllabus with two large slaughterhouses, and some of them want to stay outside, they must be given legal and non-project roles, to practice the roles of moisture or resolution according to the circumstances. According to the principle of neither harm nor harm, they shall not be suffocated nor be disturbed. The aim of the political and election process is to reach the reach of the ruling leader Rashid and an action that serves the people and the country.

8- These are personal perceptions that I have never consulted with any of the competing forces. And she doesn't represent a perfect solution. The example will require a sound law for parties and elections, to decide the voters first "bigger group" and "alternative government", not to be left to the further negotiations and interruptions, as it has happened and will happen.
Adel Abdul Mahdi
3/4/2022


Al-Maliki's coalition determines the form of the Iraqi government it wants

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Baghdad today -

Baghdad Today, Sunday, a member of the State of Law coalition revealed the most important thing his coalition wants in the form of the next government in .terms of external dealing A member of the coalition, Fadel Mawat, told (Baghdad Today), that "we seek, with the rest of the partners, to choose a government that internally meets the needs of ".citizens

He added, "We want this government to deal externally with all the neighboring countries of the world, the region and the great countries, with the exception of the Zionist entity, and that the form of this dealing should depend on reciprocity and the ".interest of Iraq first We must also focus on the personality and patriotism of the new foreign minister,"" .Mowat added 


Al-Zamili: The opportunity is favorable for Australian companies to invest in Iraq

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The First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, received, on Sunday, in his office, the Australian Ambassador in Baghdad, "Paula Elizabeth Kanley", to discuss bilateral relations, enhance cooperation between the two countries, and discuss the latest developments on the local scene.

Al-Zamili said in a statement received by Mawazine News, a copy of it: "We are determined to find an effective strategy to achieve sustainable development for our country, through the development of the agricultural and industrial sectors, and to attract sound investment companies," stressing that the opportunity is favorable for Australian companies to invest inside Iraq.


Economist: The possibility of re-linking banknotes to the gold standard

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I'm only posting this so you can see what they are putting out for their citizens are being showed

 

The economist, Pavel Segal, indicated that the possibility of re-linking paper currencies to the gold standard is being discussed more and more in the world, pointing out that there are positive and negative aspects of this step.

"The rise in the volume of unsupported currencies in the world over the past years has prompted traditional economists to start thinking about the world's return to the gold standard," Segal, CEO of Opera Russia, said in an interview with RIA Novosti news agency.

The veteran economist pointed out that gold prices do not show large fluctuations like what happens to most currencies in the world and stock markets, and that the precious metal helps fight inflation, but he noted that the adoption of the gold standard opens the way for rapid devaluations and revaluation of currencies, which It prompted the world at one time to give up on the thought of this move.

Prior to that, the economist, Peter Schiff, expected that gold would resume its role again in the global monetary system, in light of the economic crisis the world is witnessing.

The expert expected a rise in precious metals prices in the near future, and said that "while the world is dealing with the Corona crisis, gold and silver prices are witnessing an increase, there are big movements in gold and silver coming."

The economist advised everyone to stay away from the dollar before it was too late, and said that “the yellow metal will resume its role in the global monetary system, as the world will return to the gold standard.”

Gold is a safe haven in times of nervousness and volatility, and after the outbreak of the Corona crisis, the prices of the precious metal rose significantly, and today the yellow metal is trading at the level of 1923 dollars per ounce.


Below here is the daily WOTS report the "Word on the Street"

The exchange rates of the dollar on the local stock exchange today, Monday (4 April 2022), according to the monitoring of specialists.  

 

Baghdad - the stock exchange   

147,300  

—-  

The price is in most Baghdad exchanges  

146,750  

147,750  

————————  

Sulaymaniyah - Bursa  

147,275  

——————-  

Basra - Bursa  

147,300  

——————  

Erbil - Bursa  

147,250  


The Markets:
The Asian markets closed up NIK up by .25% HSI by 2.10% SHANG by .94%
The UK markets are currently trading in the green mostly from .15% to .46% FTSE down  by .07%
Our futures are currently trading up  DOW at 34744  by .06% SNP at 4548.25  by .20% NDX at 14929.25  by .47%

Precious Metals:
Gold is green at 1930 Silver is green at 24.84 Copper is green at 471 Platinum is green at 994 

Brent 104 WTI  99   Bitcoin: 45,899  10 yr yield: 2.40

Things in the News:

Iraqi Articles:

The OPEC basket declines and records nearly 105 dollars

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The prices of the OPEC oil basket fell, on Monday, to record nearly 105 dollars per barrel.

And the Organization of the Petroleum Exporting Countries stated in a report seen by Shafak News Agency, that "the price of the OPEC basket of thirteen barrels of crude recorded 104.90 dollars per barrel," noting that "the price fell from the previous day by 2.84 dollars, or 2.64 percent, after recording 110.74 dollars. ".

Oil prices fell on Sunday after the United States announced that it would release one million barrels per day from its strategic reserves for a period of 6 months.

The Organization of Petroleum Exporting Countries (OPEC) reference basket consists of the following: Sahara Blend (Algeria), Girasole (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabie Lite (Gabon), Heavy Iran (Islamic Republic of Iran) Basra Al Khafeef (Iraq), Kuwait Export (Kuwait), Es Sidr (Libya), Pune Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Miri (Venezuela).


The Federal Court rejects the lawsuit filed regarding raising the price of the dollar - urgent

link so now we need the explanation of this, the impact of it and what's next?

The Federal Court rejects the lawsuit filed regarding raising the price of the dollar

 

Our correspondent said: "The Federal Court held a session today to decide the case against raising the price of the dollar."

"The court decided to dismiss the case," he added.

 another version

 

Today, Monday, the Federal Supreme Court rejected the lawsuit against raising the exchange rate, according to what a judicial source told Shafak News Agency.

The decision of the Federal Supreme Court comes after a previous decision to postpone the 32 federal lawsuit regarding raising the dollar exchange rate, to the fourth of next April.

The Federal Court had decided to summon the Minister of Finance and the Governor of the Central Bank, to appear before him in a special session regarding the exchange rate of the dollar against the Iraqi dinar, and to seek the assistance of economic experts, Bassem Jamil and Abdul Rahman Najm.

It is noteworthy that the Central Bank of Iraq, on December 19, 2020, officially announced the amendment of the foreign exchange rate (the US dollar) to be 145,000 dinars for every $100, according to the state’s general budget for the year 2021 approved by the House of Representatives.

As a result, according to specialists, the annual inflation in Iraq has risen significantly, so that the prices of all materials and commodities in the Iraqi market have risen significantly, which has sparked a wave of strong resentment among the popular circles, as well as the objections of some interested in economic affairs.

 

Iran calls on America to take a political decision to revive the nuclear agreement

link

An Iranian Foreign Ministry spokesman said on Monday that the United States was responsible for the suspension of talks between Tehran and world powers in Vienna aimed at reviving the 2015 nuclear deal .

"America is responsible for the halt in these talks," Saeed Khatibzadeh said in a weekly press conference. "The agreement is largely within reach ."

"Washington must take a political decision on reviving the agreement," he added, adding that Tehran "will not wait forever" to revive the agreement .

The US State Department said Thursday that the nuclear talks still had a few outstanding issues, adding that the responsibility for making those decisions rested with Tehran


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 4th , 2022 total sales amount $190,458,871

including   $51,150,000. CASH 



ISX Update:   not updated at time of report

www.isx-iq.net/   

Shares Traded: 
Value Traded: 

closed 

https://www.dinarguru.com/

4-3-2022   Newshound Guru  Pimpy   This is good news.  Article:   "For adventurous tourists who are unafraid of the occasional military roadblock, the hot new destinations is Iraq" ...I've seen many videos on YouTube that people are over there and they are sightseeing and there's not been a lot of problems so that's a good thing.  Tourism is a big money maker for Iraq.  Between oil prices going up and tourism increasing things are looking good for Iraq...this article goes on to say that tourism has increased over there in Iraq and more and more people are starting to go and visit.  This is a good thing for Iraq..

4-3-2022   Newshound Guru Sandy Ingram
   The clergy who won many of the parliament seats says he will back down for 40 days in order to give parliament time to build an Iraqi government...this news story comes to us from ABC News.   The theory behind the political boycotts is the Iran-backed politicians do not approve of the Kurdistan's candidates for president and the prime minister...   [post 2 of 2]

4-3-2022  Newshound Guru Sandy Ingram  ABC News Article: "Iraqi cleric steps back, asks rivals to try form government"  This information came out on Friday and is all over the internet.  For a third time, parliament was not able to form a government.  The Iran-backed politicians did not show up to vote for a new Iraqi president who would then facilitate the nomination and vote for the new prime minister.  This is what's happening now:    [post 1 of 2....stay tuned]

4-3-2022   Newshound Guru Pimpy     Article: "The Sadrist movement enters a state of media silence throughout the month of Ramadan"  We probably won't hear anything from Sadr during this time.  That's probably why he gave them [Maliki and his Framework political block] 40 days to do something about it.  We're obviously still stuck on figuring out how this government can be formed and who's going to be responsible for forming it...

4-3-2022   Newshound Guru Petra   So, sit tight, the GOI does not make the RI decisions...bad actors in Parliament, will force outside entities to push the CBI to move forward IMO...They are working and getting things done...In summation, relax, it may not be in Iraq's hands much longer because the world...is talking!!!!....It truly is a circus but the true thinkers in Iraq are not getting lost in that craziness. They know what is important and they are preparing all steps to make sure they are ready when the CBI pulls the trigger... [Post 2 of 2]

4-3-2022   Newshound Guru Petra  The world is going thru change...a bigger picture that will require Iraq to reinstate their currency...Putin is...demanding all transactions now to be in Rubles. Putin has also asset backed his currency with Gold. So what is happeningThe Fiat system, as we know it today, is being threatened to drive the other currencies in the world to follow suit...Russia has a...strategy. Oil and Gold!!! What is Iraq rich in? Oil and Gold. My point being, they cannot stand on the sidelines too much longer and not get lost in the global economics of change occurring...NOW!   [Post 1 of 2...stay tuned]

4-3-2022   Intel Guru MarkZ   [via PDK]  I am still being told that the expectation is full blown numbers for us between the 4th and the 6th…possibly starting as early as Sunday Night…that is what I am still hearing.
4-3-2022   Newshound Guru Militiaman   Now that we are at the political crossroad with the GOI...Lets see if that red light of the politics gets sorted while we wait for that green light of the next IQD exchange rate to go live.  There comes a time where the system will require the CBI to make an independent move and inter connect with the region and the world, and that move imo may precede the politics if need be. We shall see though. They didn't get this far to stop the bus, they have it fueled and fully tuned and ready to rill imo.. Time is short from view point.


Catnip's Corner:
On Hiatus

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