Saturday, May 14, 2022

WOTS FRI MAY 13 22 Najaf Friday sermon denounces Biden's decision to extend the state of emergency in Iraq

 WOTS FRI MAY 13 22 Najaf Friday sermon denounces Biden's decision to extend the state of emergency in Iraq



The framework intends to conduct a "secret" visit to Najaf, bearing an initiative for Al-Sadr.

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 A source in the coordination framework that includes Shiite political forces said, on Friday, that the framework intends to conduct a "secret" visit to the city of Najaf to meet with the leader of the Sadrist movement, with the aim of putting forward an initiative for it to get out of the political impasse and proceed with the formation of the new federal government, which was delayed for months. Several after holding early legislative elections in the country

The source told Shafaq News that a delegation from the Coordination Framework Command will go to Najaf on a secret visit to meet with al-Sadr.

He explained that the delegation would put forward a special initiative during its visit to Al-Sadr to resolve the political crisis and form a government.

Regarding the timing of the visit, the source, who asked not to be named, said that it was "unspecified", but the purpose of this visit was to seek the formation of the government by the Sadrist movement's bloc and the coordination framework.

On Wednesday, the fourth of May, the coordination framework announced the launch of a nine-point political initiative, accompanied by nine commitments to be implemented, similar in some terms to the previous Al-Hakim initiative.

It is noteworthy that the leader of the Sadrist movement, Muqtada al-Sadr, launched two initiatives to form the federal government, one of which announced its failure, which he granted to the coordination framework at the beginning of last April, and the other he launched to independent deputies on the third of this month, giving them 15 days to carry out the task of forming the government in cooperation with allies in The Triple Alliance (Save a Homeland) from the Kurds and Sunnis without representing the Sadrist bloc as ministers.

The dispute intensified between the two Shiite poles represented by the Sadrist movement, which won the highest votes in the elections that took place last year, and the coordination framework that includes blocs that expressed their rejection of the election results.

The leader of the Sadrist movement, Muqtada al-Sadr, insists on forming a majority government that seeks to exclude the leader of the State of Law coalition, Nuri al-Maliki, who served as prime minister for two terms.

On the tenth of last October, Iraq held early legislative elections to get out of a political crisis that swept the country after large demonstrations in the central and southern regions in 2019 in protest against the widespread unemployment in society, the spread of financial and administrative corruption in government departments and institutions, and the deteriorating reality The service and the livelihood, which prompted the former prime minister, Adel Abdul-Mahdi, to resign under popular pressure.

As soon as the preliminary results of the elections were announced, the voices of political forces and actors rose in their rejection of losing many seats, accusing them of major fraud in the ballot, which was denied by the executive and judicial authorities, at a time when the United Nations and international organizations praised the integrity of the electoral process.


Including the presidents of the republic and the prime minister.. the independents are heading to announce the government of the national agreement

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 That is why the independent representatives decided to postpone the launch of their initiative, which they intended to launch yesterday, Thursday, from inside the dome of the Iraqi parliament.

While they are continuing to hold their own meetings in order to launch it, political observers believe that it will cause embarrassment to the political forces that have been in control since 2003.

Among the initiative's contents, according to the leaked information, is the formation of an independent government starting with the selection of an independent president and an independent prime minister while the Government formation on a professional basis. Ministers are chosen from within the ministries and not through nominations by political forces and parties.

 According to the same information, the independent deputies intend to name the next government as the government of the "national agreement" instead of the government of the national majority called for by al-Sadr or the consensual government called for by the coordinating framework forces.


Parliamentary Finance determines the amounts of the emergency support law and the beneficiary ministries

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Today, Thursday, the Parliamentary Finance Committee confirmed the existence of a positive atmosphere within the committee that supports the completion of the emergency support law for food security and development, while it identified exaggerated numbers and the beneficiary ministries .

A member of the committee, Representative Mustafa Sanad, told the Iraqi News Agency that "the law changed from ratios in the government version to ministries and governorates to tables of funds allocated to each ministry and governorate," noting that "the law proved 25 trillion dinars and excluded 10 trillion that represent internal and external loans ."

He pointed out that "the funds were distributed to each of the ministries: electricity is more than 3 trillion dinars to pay off debts, and trade is 8 trillion dinars, and it was distributed in numbers, as the law reached its final stages ."

He explained, "The Ministry of Commerce is the largest beneficiary in the law, followed by the Ministry of Electricity in the second place, then the Ministries of Agriculture and Oil and the provinces for the development of the regions," noting that "8 trillion were allocated to the provinces for the development of the regions to be distributed to 15 provinces, in addition to last year's request 4 Trillions to be 12 trillion, and the remaining 13 trillion will be distributed to the ministries .

He continued, "The obstacle in passing the law was the political aspect, considering that the Finance Committee was incomplete, and there was a third who was not present, which was represented by the coordinating framework, the independents and the Patriotic Union of Kurdistan," stressing that "when the committee's quorum was completed, things changed towards the positive ."

Yesterday, Wednesday, the Media Department of the House of Representatives announced the postponement of the voting session on the Emergency Support Law for Food Security and Development until next Saturday, while deputies confirmed the existence of a positive atmosphere for its passage.


Graphics .. America announces the allocation of 140 million dollars to support businesses in Iraq

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The United States Embassy in Baghdad announced on Friday that its country has allocated nearly 140 million dollars to support trade in the private sector in Iraq.

In a post on social media today, the embassy stated that the United States of America has allocated $140 million to support economic growth in Iraq, especially Iraqi businesses and businessmen.

"We have inspired entrepreneurs, many of whom have overcome obstacles to build new businesses, hire fellow Iraqis, and contribute to Iraq's prosperous, secure and stable future," she added.

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The Finance Committee headed by Al-Kaabi hosts the Minister of Electricity

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more details later


The Parliamentary Finance Committee, headed by Hassan Karim Al-Kaabi, hosted today, Friday, the Minister of Electricity, regarding the actual need for funds that contribute to increasing energy production.


Najaf Friday sermon denounces Biden's decision to extend the state of emergency in Iraq

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In Najaf Friday, Sadr Al-Din Al-Qabbanji denounced the decision of the President of the United States of America, Joe Biden, to extend the state of emergency in Iraq.

Al-Qabbanji said in the Friday prayer sermon that "this decision is unilateral and the Iraqi government has not submitted a request for this, and it is an illegal decision."

He added that the United States was required to end its presence in Iraq by a decision approved by the Iraqi parliament.

In a separate context, Al-Qabbanji condemned "Turkey's closure of the dams, which made Iraq cry due to the lack of water levels, calling on Turkey to implement international resolutions that prevent it from depriving Iraq of its share of water." He blamed it for the damage caused to Iraq's agriculture and environment, while blaming the Iraqi government for not building dams 20 years ago.

And the White House announced, earlier this month, that US President Joe Biden extended the national emergency for Syria and Iraq.

Biden decided to extend the state of national emergency around Iraq, which was announced under an executive order issued in 2003, for a full year beyond the date of May 22, which is the date it is supposed to end.

This came in a letter sent by Biden to US House Speaker Nancy Pelosi and Senate Speaker Kamala Harris, in which he said that obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political and economic institutions there still pose an unforeseen threat. Familiar and unusual for the national security and foreign policy of the United States.


How can we get out of the US hegemony because of the central bank reserves in dollars in the US Federal Bank?

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This question was asked by one of the brothers who commented on the American NOBEC law, and I answered him: (It is actually NOPEC)

In the seventeenth and eighteenth centuries, the first currency in the world was the Spanish silver dollar, then the pound sterling began to take the lead during the nineteenth century until the middle of the twentieth century, but after the agreement between King Faisal of Saudi Arabia and Kissinger, the US Secretary of State when they agreed in 1974 to sell oil With the dollar, the star of the US dollar rose and became the first currency in the world.

Any person or country can keep millions or a few billion dollars as cash currency in the country, but it is difficult to keep tens of billions of dollars in cash, as it is difficult for the state and its merchants to buy any goods from the world with these cash dollars. The process of transferring them is a difficult, expensive and time-consuming process, but You can transfer billions of dollars within a few seconds and at a very low cost from the account of this country in the US Federal Bank to the account of the seller or any other party in the world. American;

But now the Chinese yuan has begun to replace the dollar, and I believe that the Chinese yuan will be the first currency in the world within ten to twenty years, and so the countries will be at the mercy of China at that time and not at the mercy of America.

There are some global economists who demand the adoption of a basket of global currencies such as (the US dollar + the Chinese yuan + the euro + the pound sterling + the Japanese yen + the Russian ruble), and therefore no country is at the mercy of another country except to a limited extent. I think that this is the best solution. Several years ago, I advised the Central Bank of Iraq to take the necessary steps for the interest of Iraq regarding the central bank’s dollar reserves with the rise of the Chinese yuan and the possibility of the dollar declining in favor of the Chinese yuan. ,,,

Heavy American Flight Over Anbar Skies Towards The Syrian Depth, Without Knowing The Reasons

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A high-ranking source in the local Anbar Governorate government revealed, on Friday, that the western regions witnessed heavy flights of US warplanes and their march towards the Syrian depth, without knowing the reasons.

The source said in a statement to the "Information Agency" that "Al-Qaim district, west of Anbar, witnessed a heavy flight of warplanes and the American drone towards the Syrian depth, without knowing the real reasons behind the reconnaissance operations."

The source, who preferred not to be named, added that “the American planes fly at low altitudes, as they focus over the positions taken by the American forces in the western regions towards the Syrian depth, indicating that” sources suggested that these flights were likely to be to protect their positions in anticipation of possible attacks, explaining that The security leaders supervising the security file in the western regions do not have any information about the motives for the overflights in those areas that have not witnessed any security breach for a long time, stressing that “the movement of US forces and their aerial reconnaissance operations are linked to the office of the outgoing Commander-in-Chief of the Armed Forces, Mustafa Al-Kazemi.” .

It is noteworthy that the US forces stopped “a short while ago” aerial reconnaissance operations for unclear reasons.


Counselor Mazhar Muhammad Salih detonates a bomb: Half of the country's budget goes to the state, and the second half is allocated to Saddam and his family - video -!

link    why put this out now? hmmm  they do have the video but it's in Arabic 


The financial advisor to the Prime Minister, and one of the financial experts in Iraq, Dr. Mazhar Muhammad Salih, detonated a large-caliber bomb when he revealed that the head of the former criminal regime Saddam and his henchmen seized half of the state budget and plundered half of its financial revenues to spend on their palaces, clothes, pleasures and private desires.  

The following video illustrates this grievous plunder of that (beautiful time) that longs for those who feel not embarrassed, but rather ashamed, as they praise the era of the defeated resurrection, and its rat leader.


The price of the dollar exceeds 30 thousand tomans in the Iranian market

link    300,000 rials 

The price of the dollar exceeds 30 thousand tomans in the Iranian market

 

In conjunction with the Iranian government's abolition of pricing the dollar for the purchase of basic commodities, the price of the dollar in the free market exceeded 30 thousand tomans, rising within a week by about 2000 tomans and the gold coin by about 780 thousand tomans.  

 

The price of each US dollar in the foreign exchange market in Tehran reached more than 30,700 tomans on Thursday, May 12th.  

  

At the beginning of the week, the price of the dollar was 28 thousand tomans, and it crossed the threshold of 29 thousand tomans, on Wednesday, and rose to 30 thousand tomans, on Thursday.  

  

The newspaper, "Dunia Eqtisad", reported on Wednesday that the exchange rate of the dollar in the markets of Herat and Sulaymaniyah also increased significantly.  

  

On Thursday, Iranian media reported that the price of the gold coin, the new design, rose by 780,000 tomans compared to the previous day, and reached 14,450,000 tomans.  

  

The price of the gold coin, the old design, reached 13 million and 750 thousand tomans.  

  

The rise in the price of the dollar and gold coins comes at a time when the government canceled the price of the dollar at the equivalent of 4,200 tomans per dollar, to support basic commodities.  

  

Negotiations to revive the nuclear deal have also stalled since March 11, and the United States and Iran have been at loggerheads over whether the Revolutionary Guards should remain on the list of terrorist organizations.  

  

Meanwhile, the coordinator of the Vienna talks, Enrique Mora, traveled to Tehran on Wednesday morning, and the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, arrived in Tehran on Thursday.  

  

Iran International  





The dollar exchange rates stabilized in the Iraqi local markets today, Friday.

Where the selling prices were recorded, 148,250 dinars per 100 dollars, while the purchase prices of the dollar were 148,000 dinars per 100 dollars.


The Markets:
The Asian markets closed up NIK up by 2.64% HSI by 2.68% SHANG by .96%
The UK markets are currently trading in the green 1.18% to 1.51% 


Precious Metals:
Gold is red at 1817 Silver is  red  at 20.76 Copper is  red at 410 Platinum is green at 940 

Brent 109 WTI  107   Bitcoin: 30,189  10 yr yield: 2.90

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1438.7000  1496.5000 1457.1000 1457.0000 1457.0000  0.3000 14:10
 USD/VND  23086.0000  23089.0000 23095.7800 23090.3900 23095.7800  32.0300 04:26
 USD/CNY  6.7921  6.7941 6.8100 6.7774 6.7860  0.0061 05:18
 USD/KWD  0.3065  0.3075 0.3066 0.3064 0.3066  -0.0001 05:01
 GBP/USD  1.2180  1.2181 1.2231 1.2174 1.2197  -0.0016 05:18
 USD/IRR  42100.0000  42600.0000 42325.0000 42293.9000 42325.0000  -21.6000 13:55
 USD/IDR  14641.0000  14648.0000 14649.0000 14602.0000 14636.0000  5.0000 05:18

Things in the News:


Iraqi Articles:

Brent crude rises above $109 a barrel

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Bloomberg reported, that oil rose to consolidate its gains in the wake of the European Union's efforts to ban Russian oil, while the spread of the new Corona in China raises fears of the economic consequences of any possible closure, and during that time, the price of East Texas reached 107 dollars a barrel.

Some EU countries have said the bloc may have to consider delaying the embargo on Russian oil if it cannot get Hungary to agree to the embargo.

Beijing authorities have denied rumors that the capital will be closed, as virus restrictions remain in Shanghai.

Oil is up more than 40% this year as economies recover from the pandemic, although the virus outbreak in China and Russia's war in Ukraine have contributed to trade volatility since late February. The global benchmark Brent crude is still in a bullish regressive structure, which indicates market tightness.

“Risks are rising that Brent crude will once again test the upside of its recent range around $116 per barrel,” said Jeffrey Halley, chief market analyst at Oanda Asia Pacific Pte. "The pressure on diesel and distillate supplies globally is another supporting factor."



Graphics .. America announces the allocation of 140 million dollars to support businesses in Iraq

link

The United States Embassy in Baghdad announced on Friday that its country has allocated nearly 140 million dollars to support trade in the private sector in Iraq.

In a post on social media today, the embassy stated that the United States of America has allocated $140 million to support economic growth in Iraq, especially Iraqi businesses and businessmen.

"We have inspired entrepreneurs, many of whom have overcome obstacles to build new businesses, hire fellow Iraqis, and contribute to Iraq's prosperous, secure and stable future," she added.

1652429765373.jpg





Parliamentary Finance determines the amounts of the emergency support law and the beneficiary ministries

link

31750.jpg

Today, Thursday, the Parliamentary Finance Committee confirmed the existence of a positive atmosphere within the committee that supports the completion of the emergency support law for food security and development, while it identified exaggerated numbers and the beneficiary ministries .

A member of the committee, Representative Mustafa Sanad, told the Iraqi News Agency that "the law changed from ratios in the government version to ministries and governorates to tables of funds allocated to each ministry and governorate," noting that "the law proved 25 trillion dinars and excluded 10 trillion that represent internal and external loans ."

He pointed out that "the funds were distributed to each of the ministries: electricity is more than 3 trillion dinars to pay off debts, and trade is 8 trillion dinars, and it was distributed in numbers, as the law reached its final stages ."

He explained, "The Ministry of Commerce is the largest beneficiary in the law, followed by the Ministry of Electricity in the second place, then the Ministries of Agriculture and Oil and the provinces for the development of the regions," noting that "8 trillion were allocated to the provinces for the development of the regions to be distributed to 15 provinces, in addition to last year's request 4 Trillions to be 12 trillion, and the remaining 13 trillion will be distributed to the ministries .

He continued, "The obstacle in passing the law was the political aspect, considering that the Finance Committee was incomplete, and there was a third who was not present, which was represented by the coordinating framework, the independents and the Patriotic Union of Kurdistan," stressing that "when the committee's quorum was completed, things changed towards the positive ."

Yesterday, Wednesday, the Media Department of the House of Representatives announced the postponement of the voting session on the Emergency Support Law for Food Security and Development until next Saturday, while deputies confirmed the existence of a positive atmosphere for its passage.


Counselor Mazhar Muhammad Salih detonates a bomb: Half of the country's budget goes to the state, and the second half is allocated to Saddam and his family - video -!

link    why put this out now? hmmm  they do have the video but it's in Arabic 


The financial advisor to the Prime Minister, and one of the financial experts in Iraq, Dr. Mazhar Muhammad Salih, detonated a large-caliber bomb when he revealed that the head of the former criminal regime Saddam and his henchmen seized half of the state budget and plundered half of its financial revenues to spend on their palaces, clothes, pleasures and private desires.  

The following video illustrates this grievous plunder of that (beautiful time) that longs for those who feel not embarrassed, but rather ashamed, as they praise the era of the defeated resurrection, and its rat leader.

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 May 13th, 2022 total sales amount $0. CLOSED

including   $0. CASH 



ISX Update:   CLOSED

www.isx-iq.net/   

Shares Traded: 
Value Traded: 

closed 


5-12-2022   Newshound Guru Militiaman  Article:  "After its implementation in Iran … Is it possible to cancel the dollar exchange rate in Iraq?"  ...The reality is the Dollar is not imo going anywhere soon, it is on a tear now. It is pushing $104.02 [Dollar index $1.04?] lately...The Rial may have something a lot more valuable to trade in the short term. Yes, one that will be more valuable than the USD... Don't forget all boats rise with the tide. And the tide is out for some, but the Tsunami called the Dinar is about to fill the gap!! ...All good imo.

5-12-2022   Intel Guru MarkZ 
  [via PDK]  ...There was great chatter early in the day out of Iraq s they expect key votes in their Saturday Parliament session. I am still being told they have a set schedule to roll out the lower denominations. I spoke with a number of contacts who say they are being quiet today.

5-12-2022   Newshound Guru Pimpy  We have exchange talk again and everybody knows that's our favorite topic to talk about - the dinar exchange rate!   Article:   "After its implementation in Iran...Is it possible to cancel the dollar exchange rate in Iraq?"  ...here we go somebody said exchange rate...not what you expected but it does effect what's going on with the dinar...As more and more countries start to get away from the petro-dollar altogether...they start doing things to help strengthen their own currency.  Will this move help strengthen Iran's currency? ...That's why I think Iraq is going to keep close attention to what happens to Iran...

5-12-2022   Guest Newshound docmagee94   "Al-Rasheed announces the removal of his name from the international sanctions list".  IMO, this announcement is the most significant we’ve had in several months.

5-12-2022   Newshound Guru Godlover   Article:  "Parliamentary Finance hosts the Minister of Water Resources regarding the Food Security LawThis article confirms imo that the government & budget approval is going to take some time to complete. The articles have made it clear that this law was created recently & was to be passed asap to bring a little better livelihood to their citizens until the monetary reforms are released...Most of the articles implied that they needed to give their citizens some relief immediately...This is one reason why I was hoping that this food security law & budget would pass together.

5-12-2022   Newshound Guru Clare  Article:  "The new Iranian ambassador to Iraq begins his duties in Baghdad".    HMMM... A NEW IRANIAN AMBASSADOR! MAYBE THAT WAS KAZEMI'S DOING!

5-12-2022   Intel Guru MarkZ   [via PDK]  ...in Baghdad today they announced that they are moving the vote on the food security act...to Saturday...I think they have done this because of this...  Article: “The name of an Iraqi government bank has been removed from the international sanctions list”   This is more of the dominoes coming into the line. We have also seen the independents putting up a candidate approved by all 3 voting blocks to seat the government. We hear that may be decided on Saturday as well.  Makes sense to move forward with all of them at the same time. We also have the resignations of the Kuwaiti Government. This is very interesting timing.  I think there is a whole lot lining up for an amazing weekend when you look at what’s happening in Iraq.

5-12-2022   Intel Guru Frank26   Article:  "Adviser to Al-Kazemi: The budget is completed, and political pressures have disrupted the approval of the new salary scale"  ...WE TOLD YOU THE BUDGET WAS COMPLETED LAST WEEK...

5-12-2022   Newshound Guru Militiaman  We were told there would be meetings...and apparently they have happened. The timing is all coming together and may even have been done to a degree that suggests we could see more out of the CBI sooner than thought...this meeting [Last week] with the President, Prime Minister and Council of Ministers, suggests that they have security, stability, coordination, continuity and entitlements for the citizens in mind. That would require a rate which would likely be in the 2022 budget plan...having this meeting it is very promising for us and even in the very very short term.
Catnip's Corner:
On Hiatus


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