Thursday, August 11, 2022

WOTS TUE AUG 9 22 Sadrist movement calls on the protesters in the Green Zone to seize the land

WOTS TUE AUG 9 22 

Sadrist movement calls on the protesters in the Green Zone to seize the land


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Oil stagnates under $100, coinciding with a movement to revive the nuclear agreement

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Oil prices recorded a slight decline in trading on Tuesday.  

 

Brent crude futures fell 18 cents, or 0.19 percent, to $96.47 a barrel by 04:49 GMT, chopping 1.8 percent from the previous session.  

  

US West Texas Intermediate crude futures fell 16 cents, or 0.2%, to $90.60 a barrel, after rising 2% in the previous session.  

  

The European Union late Monday submitted a "final" text to revive the 2015 Iran nuclear deal, pending approvals from Washington and Tehran.  

  

Iran could increase its oil exports by 1 million to 1.5 million barrels per day, or up to 1.5 percent of global supplies, within six months, so the market is likely to witness a sharp drop in oil prices.  

  

The oil market has remained under pressure recently due to global recession fears, as Brent crude prices suffered their biggest weekly decline last week. 


Kurdish Party: Dissolving Parliament is subject to failure without achieving this matter

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The leader of the Kurdistan Islamic Group, former MP Salim Hamza, considered, on Tuesday, the dissolution of parliament and the holding of early elections without a comprehensive national review of the future of the political process subject to failure, calling for a comprehensive national dialogue for all political forces, including independents, to point out the sources of previous mistakes of the political process.

Hamza said that "the call for dissolving the parliament and holding new elections will produce the same data that the political process is going through."

He added that "there is no point in dissolving parliament and holding early elections without a comprehensive national review of the future of the political process subject to failure," calling for "a comprehensive national dialogue for all political forces, including independents, to point out the sources of previous mistakes of the political process.



Rule of Law: There are no close political understandings

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The leader of the State of Law coalition, Kazem Al-Haidari, confirmed today, Tuesday, that there are no signs or signs of close political understandings.

Al-Haidari said in an exclusive interview with "Mawazine News", "The signs are absent even from convening or setting a session for dialogue and understanding, so if we look realistically, we do not find any political initiative to ease the crisis."

He pointed out that "despite the absence of anything concrete in this aspect, the coordination framework did not hesitate and will continue until the last breath in its attempts to reform the matter and reach understandings."


30 MPs In Al-Halbousi's Alliance: Early Elections Are A Risk

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Sources close to a coalition headed by Muhammad al-Halbousi confirmed, on Tuesday, that 30 deputies expressed reservations about supporting the holding of early elections in the country.

The sources said in an interview with Al-Information, that "the internal meetings of Al-Halbousi's alliance recently dealt with the file of holding early elections in response to a claim by one of the political parties after the green demonstrations and the paralysis of the House of Representatives."

She added, "30 MPs expressed their reservations about holding early elections in light of the current conditions, which can be described as a risk, especially since everyone agrees that the turnout will be significantly lower than the last elections, which leads to the possibility of Al-Halbousi's coalition losing many seats."

And she indicated that “Al-Halbousi’s deputies do not openly express their views on the file of holding early elections to avoid any political debates at the present time, waiting for the House of Representatives to return to hold its sessions after the demonstrators left, because the parliament’s paralysis does not serve all parties and no elections can be held without the parliament.”

Some political forces had supported the principle of holding early elections in the country, but with multiple conditions, most notably the formation of a government that would undertake to provide the appropriate atmosphere for any upcoming elections



The New Generation: Kurdistan's Demonstrations Will Come Back Stronger

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A member of the New Generation Movement, Diary Anwar, confirmed, on Tuesday, that the popular demonstrations in the Kurdistan region of Iraq will return with a stronger force.

Anwar said in an interview with the "Information" agency that "from the great repression with which the authority in Kurdistan and its ruling parties faced the demonstrations, the demonstrations will only increase us strength and determination to change."

He added, "The conditions of Kurdistan are bad in terms of services and corruption dominates the joints of governance, and soon the demonstrations will return more and more, and we brought our voices to international organizations and the United Nations and wrote reports on the great state of repression."

A few days ago, hundreds of citizens demonstrated in Sulaymaniyah, while the security services carried out a large campaign of arrests, including deputies and activists.



Al-Abadi’s coalition sends a message to politicians: This is what ..the next stage needs..otherwise

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Today, Tuesday, the victory coalition led by Haider al-Abadi sent a message to the political forces regarding the crisis that Iraq has been . going through for many months The leader in the coalition, Ahmed Al-Wondi, told (Baghdad Today), "The Iraqi political forces are required to open a national dialogue through which constitutional solutions are agreed upon to manage the next phase, and according to a clear ." roadmap, leading to new, fair and fair elections Al-Wondi indicated that "there is no solution to the political crisis without the existence of a comprehensive national dialogue between all political forces to draw a road map for the next stage, and this is the first step towards going to early elections.

Dialogue is the beginning of resolving the crisis and without dialogue there ". is no solution to the crisis. parties The crisis erupted between the Sadrist movement and the coordination framework, since the withdrawal of the Sadrist movement's representatives from the House of Representatives, and then the sit-in of the supporters of the movement's leader Muqtada al-Sadr inside the Green Zone because of the framework's nomination of .Muhammad Shia for prime minister

 

An account close to the Sadrist movement calls on the protesters in the Green Zone to seize the land

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Today, Tuesday, a Facebook account close to the Sadrist movement called the "Ashura Revolution", the sit-in in the Green Zone to seize the land.


The account of the "Ashura Revolution" addressed the sit-down followers of the Sadrist movement that "your presence in the green has made them small in front of the whole world, they wish that the earth would swallow you up to return to their council, and share the spoils."


He added: "Today, you are the hope of Iraq. Your presence in Al-Khadra kills their consensus and destroys their last hopes," stressing that "the next steps will be greater and greater. Thank you for your persistence


Al-Sadr mobilizes... and the "coordinating framework" is tightening its ranks against dissolving Parliament

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Al-Sadr mobilizes... and the "coordinating framework" is tightening its ranks against dissolving Parliament

 

While the leader of the "Sadr movement" Muqtada al-Sadr continues to publicly press for the dissolution of the Iraqi parliament, the Shiite "coordinating framework" has in practice the majority to prevent this without reaching a settlement with al-Sadr.

Al-Sadr had announced late on Saturday evening that his supporters would continue the protests until their demands were met. And he stressed in his post on Twitter that "positive responses came regarding the dissolution of Parliament, and there is a popular and clan response, from academics, civil society institutions, and preachers of the Husseini pulpit, and even from some scholars of the honorable seminary and from some Kurdish, Sunni and even Shiite political leaders." .

While al-Sadr called on those who support the dissolution of Parliament to take a “serious stand to save Iraq from the teeth of corruption and dependency, and to correct the course of the political process that harmed the people and the country,” at the same time, he called on everyone to “a common word and to serious and real actions and to stay away from meager dialogues.” saying. At the same time, he warned, "Let everyone know that the revolutionaries will continue their revolution until the demands are achieved and will not give up at all. It is their only and last chance," noting that "the dissolution of Parliament has become a popular, political and elitist demand that has no alternative."

According to a well-informed Iraqi politician, he confirmed to Asharq Al-Awsat that “at a time when al-Sadr owns the street even from outside his broad popular current, the forces of the coordinating framework today have the majority in parliament, which makes them an influential parliamentary force capable of changing political balances, including voting.” to dissolve Parliament. 

The Iraqi politician, who asked not to be named, added that “the coordinating framework forces want an understanding with al-Sadr before any measures that can be talked about to dissolve parliament, because in the two mechanisms defined by the constitution, the matter needs an absolute majority of the number of parliament members, which means that even assuming that it agreed Most of the blocs on the solution, the coordination framework has the majority of disruption, especially since the Sadrist movement no longer has in Parliament only one deputy, and therefore the bet al-Sadr maintains the public pressure ». While the controversy is still taking place over the appropriate mechanism, there are claims that the Federal Supreme Court may take a decision to dissolve Parliament. However, legal expert Ali Al-Tamimi explained in a statement that «the Federal Supreme Court cannot dissolve Parliament because there is no solution mechanism in the Iraqi constitution, but Parliament dissolves itself by voting by an absolute majority of the number of members». He added that “going towards dissolving Parliament is at the request of a third of the members or at the joint request of the Prime Minister and the Republic in accordance with Article 64 of the Constitution,” noting that “there is no such right within the jurisdiction of the Federal Court, contained in Article 93 of the Constitution, nor in 30 of 2005, nor in its internal system, and the court rejected a number of cases brought before it previously in this regard for lack of jurisdiction.” However, legal expert Ali Al-Tamimi explained in a statement that «the Federal Supreme Court cannot dissolve Parliament because there is no solution mechanism in the Iraqi constitution, but Parliament dissolves itself by voting by an absolute majority of the number of members». He added that “going towards dissolving Parliament is at the request of a third of the members or at the joint request of the Prime Minister and the Republic in accordance with Article 64 of the Constitution,” noting that “there is no such right within the jurisdiction of the Federal Court, contained in Article 93 of the Constitution, nor in 30 of 2005, nor in its internal system, and the court rejected a number of cases brought before it previously in this regard for lack of jurisdiction.” However, legal expert Ali Al-Tamimi explained in a statement that «the Federal Supreme Court cannot dissolve Parliament because there is no solution mechanism in the Iraqi constitution, but Parliament dissolves itself by voting by an absolute majority of the number of members». He added that “going towards dissolving Parliament is at the request of a third of the members or at the joint request of the Prime Minister and the Republic in accordance with Article 64 of the Constitution,” noting that “there is no such right within the jurisdiction of the Federal Court, contained in Article 93 of the Constitution, nor in 30 of 2005, nor in its internal system, and the court rejected a number of cases brought before it previously in this regard for lack of jurisdiction.”

For his part, the legal expert Amir Al-Daami, in a statement to Asharq Al-Awsat, confirmed that “the dissolution of Parliament according to the mechanism for submitting a request from the Prime Minister to the President of the Republic is incorrect because the President of the Republic is not elected by the current parliament and the Prime Minister has expired and therefore it is not possible to allocate a budget. Or a government budget for the purpose of holding elections,” he said, noting that “the only way to resolve is to elect a president and form a government that may be temporary for a certain period until it takes legitimacy towards allocating funds for holding elections.” Al-Daami explained that «the Federal Court confirmed that the caretaker governments are not among their tasks or duties for decisions with a political, economic and social dimension, which means that Parliament cannot be dissolved according to this mechanism». In the same context, the independent deputy in the Iraqi parliament, Basem Khashan, stressed that changing the regime and the constitution are among the complex demands in light of the current Iraqi conditions. Khashan wrote on Twitter that "Al-Sadr has retracted the radical change of the system, the constitution, and the elections, because he realized that changing the system and the constitution is a complex, if not impossible, demand now. Khashan explained that "Al-Sadr jumped early from the inevitably sinking boat of the impossible, and rode with us in the boat of demanding the dissolution of the House of Representatives and the adoption of constitutional means, and no one denies that I am the first to demand the dissolution of the current parliament."


The Economy of Representatives and an Iraqi delegation discusses the regulation of the investment environment

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The head of the Parliamentary Economy and Investment Committee, Khair Abu Sa'ilik, affirmed during his meeting today, Tuesday, with a delegation representing the Iraqi Business Council in the Kingdom, the depth of the historical relations linking the two brotherly countries.

During the discussion of the draft law regulating the investment environment for the year 2022, Abu Sa'ilik added that there are qualitative and large investments for Iraqis in the Kingdom, appreciating those investments in supplying the national economy.

He pointed out that there is a real partnership between the Parliamentary Economy and the Iraqi Business Council, noting at the same time that the committee had previously visited a number of businessmen and officials in Baghdad and Erbil, where it was briefed on the Iraqi experience in dealing with investors.

For its part, the delegation said that the volume of Iraqi investments amounted to 24 billion Jordanian dinars, in addition to 25 billion US dollars in foreign deposits.
He reviewed his most prominent observations and suggestions about the draft law, calling for the need to simplify procedures, regulations and instructions for the investor, as well as simplifying dealing with the investment window in the Kingdom.

The delegation also called for enhancing the spirit of competition in law, as in neighboring countries, praising at the same time the distinguished investment climate in the Kingdom. In the meeting, which was attended by deputies: Ayman Madanat, Omar Al-Naber, Hayel Ayyash, Musa Hantash, Abdel Salam Al-Thiabat, Ahmed Al-Khalayleh, Khaled Al-Bustanji, Suleiman Abu Yahya, Dirar Al-Harases, Muhammad Al-Shatnawi, Asma Al-Rawahneh and Thiab Al-Masaeed, he stressed the need for the bill to be a catalyst. for investment.

How big is the Iraqi investments in Jordan?

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The head of the Jordanian Parliamentary Economy and Investment Committee, Khair Abu Sa'ilek, affirmed the "deepness of the historical relations linking Jordan and Iraq."

Abu Sa'ilik added during the committee's meeting today with a delegation representing the Iraqi Business Council to discuss the draft law regulating the investment environment for the year 2022, according to the website of the Jordanian House of Representatives, that "there are qualitative and large investments for Iraqis in the Kingdom, appreciating" those investments in supplying the (Jordanian) economy.

He pointed out that "there is a real partnership between the parliamentary economy and the Iraqi Business Council," noting at the same time that "the committee had previously visited a number of businessmen and officials in Baghdad and Erbil, where it was briefed on the Iraqi experience in dealing with investors."

For his part, the Iraqi delegation said, according to the website of the Jordanian House of Representatives, that "the volume of Iraqi investments amounts to 24 billion Jordanian dinars, in addition to 25 billion US dollars in foreign deposits."

The delegation reviewed its "most prominent observations and suggestions on the draft law," calling for "the necessity of simplifying procedures, regulations, and instructions for the investor, as well as simplifying dealing with the investment window in the Kingdom.

 

"Minister" Al-Sadr: A strong escalation is coming..wait for instructions - urgent

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A close associate of the leader of the Sadrist movement, Muqtada al-Sadr, confirmed today, Tuesday, that there is a "strong coming" escalation, while he called on the protesters in the Green Zone in central Baghdad to observe the directives.

And Saleh Muhammad al-Iraqi published a leaflet that stated, "One of the brothers published: If our demands are fulfilled, I hope there will be an escalation towards the Republican Palace, to tighten the screws on the corrupt."

To respond: "Yes, there is a strong escalation coming.. Wait for the directions from the organizing committee."

 

The demonstrators, supporters of the Sadrist movement, continue their sit-in in the vicinity of the parliament building in the Green Zone in central Baghdad, for the tenth consecutive day, after they entered it on Saturday, 7/30, 2022.

Al-Sadr called, in a speech, earlier, to dissolve the current parliament And holding early elections with a new democratic process that curbs the rampant corruption in all state institutions

 

 

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


The Markets:
The Asian markets closed mixed NIK down by .88% HSI down by .21% SHANG up by .32%
The UK markets are currently trading in the red mostly from .08% to .82% 
Our futures are currently trading mixed DOW at 32797 up by .02% SNP at 4134.25  down by .18% NDX at 13112.25 down  by .54%

Precious Metals:
Gold is green at 1808 Silver is green at 20.65 Copper is green at 360 Platinum is red at 938 

Brent 97 WTI  91   Bitcoin: 23,394  10 yr yield: 2.75

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1430.1000  1488.9000 1457.3000 1457.2000 1457.2000  -1.5000 10:56
 USD/VND  23385.0000  23395.0000 23397.0200 23394.3900 23397.0200  -3.3300 05:15
 USD/CNY  6.7515  6.7535 6.7572 6.7496 6.7498  0.0017 05:25
 USD/KWD  0.3061  0.3071 0.3064 0.3062 0.3062  0.0001 05:25
 GBP/USD  1.2116  1.2117 1.2130 1.2066 1.2078  0.0038 05:25
 USD/IRR  42000.0000  42600.0000 42278.5000 42246.7000 42278.5000  -85.4000 13:13
 USD/IDR  14850.0000  14852.0000 14869.0000 14826.0000 14833.0000  15.0000 05:25

Things in the News:


Iraqi Articles:


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 August 9th, 2022 total sales amount $288,442,352

including   $88,900,000. CASH 


ISX Update:   NOT UPDATED

www.isx-iq.net/   

Shares Traded: 
Value Traded: 

closed 

8-9-2022   Intel Guru MarkZ   [via PDK]   A number of groups reached out to their folks today and sent directions or email instructions for them to make certain they are prepared to go at any moment. One of the notices received said “We do not know the timing yet, but it’s expected to be imminent so make sure you have current ID’s and make certain you have everything ready to go at the drop of a hat”... I think this is huge news that they wanted them to be prepared to go at any moment...

8-8-2022   Intel Guru Frank26 
 Article:  "The Central Bank of Iraq is the first in the world to buy gold in 2022". THAT'S A LOT OF GOLD... CBI IN MY OPINION, YOU CAN RI FIVE TIMES OVER

8-8-2022   Newshound Guru MilitiaMan   Question:  "I thought that PM K could dissolve parliament on his own, not needing any vote from Parliament…. Did I misunderstand..?" There was speculation that Kahdimi could use necessary powers to do so. However...there is a likelihood that a more specific constitutional way is being used. There are more than one.

8-8-2022   Intel Guru MarkZ   [via PDK]  [reference Mnt Goat post 8-7-2022]   Mnt Goat:  "I get some questions on the VND Vietnam Dong as will it also RV along with the IQD Iraqi Dinar?"  MarkZ:  Short Answer-Yes

8-8-2022   Newshound Guru Walkingstick   [via Frank26]  Chain of command - The Deputy Governor of the CBI speaks on behalf of the Governor of the CBI who speaks on behalf of the Board of Directors of the CBI who speaks on behalf of the government of Iraq and Kazemi in conjunction with Kazemi's government and the CBI...

8-8-2022   Guest Guru  Humble1   What makes the difference is not the exchange rate compared to other currencies, but the availability of ease of moving money in and out of the country and the ability to easily convert from one currency into another.  The difference we are all looking for is for Iraq to re-instate the Dinar back onto the world markets, and in order for them to accomplish that, they need a realistic exchange rate to go along with the re-instatement, IMO   [Post 2 of 2]

8-8-2022   Guest Guru  Humble1  Community comment  "They can't do this on a program rate."  That is not an accurate statement, as they can do whatever they want inside of Iraq, as the dinar is used inside the country.  What I think you mean is that they won’t attract external investment in a large enough amount to move their country forward at a program rate.  [Post 1 of 2....stay tuned]

8-8-2022   Newshound Guru BobTheTaxMan   IQD Roundup - It was created during the Iraqi war around 2003.  It replace the previous currency that once had a value of $3.75...it's managed by the Iraqi government and the CBI...under a managed float with little change in value for nearly 2 decades.  The currency value is 1 IQD to...less than a tenth of a penny.  The CBI has often stated their goal is to return to previous levels and stated they could support a $1.17...right now with all these new contractors coming in and the value of oil being what it is I wouldn't be surprised if it did come out at a much better rate than what we thought...

8-8-2022   Newshound Guru Pimpy  The political situation is not stable.  You have civil unrest which is not what you want if you're going to raise your exchange rate.   I'm not saying the exchange rate is not going to change.  If that was the case I wouldn't even waste my time.  I have Iraqi dinar.  I would sell it if I didn't think it was going to happen...sooner or later these people are going to get their crap together and they're going to move forward...

8-8-2022   Newshound Guru Tivon   Gradually and internally reducing the USD price in the country until it reaches 1:1 will probably be the marker to reinstate on the international markets. This makes sense to me.  But other alternatives could be at play.  At least it's out there now.  I am just wondering how long until equal value is reached within their markets before they decide to release it on the global markets.

8-8-2022   Intel Guru MarkZ   [via PDK]  Article:  “Al Kazemi’s advisor: the situation in Iraq will not affect the economy”  Other articles that came out yesterday stating they do not need the government sat in order for rate or economic changes…We know they have a drop dead-ish date coming up on the 15th as they have done a tremendous amount of negotiating for then. Whether they meet that date or not…we shall see.  [Why is the 15th important?]  Because of the number of contractors whose contracts have been renegotiated for a changed rate starting on the 15th...they have T minus 7 days.  Next Monday they are supposed to get paid with the new rate. What’s gonna happen?

8-8-2022  Intel Guru Frank26   Sadr and Kazemi combination - I have never seen this type of covalent bonding...of citizens to Kazemi, to Sadr, to the government, to the CBI.  It is historical.  We have never seen such unity inside of Iraq because of the leadership of these two gentlemen...I love this!

8-8-2022   Newshound Guru Sandy Ingram    Article:  "Could Iraq slide into civil war? Iraq has not be able to form a government and things have gotten worse.  The global news networks are openly asking questions no one wanted to previously talk about...

8-8-2022   Newshound/Intel Guru RVAlready   I think the rewriting of the major Iraq contracts from USD to dinar indicates that the RV is urgent and about to happen. I do not think that Kazemi or the CBI will let the political problems interfere with the RV much longer.


Catnip's Corner:
On Hiatus

Nutrients that help cleanse the body of toxins


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Professor Margarita Koroleva, a Russian nutrition expert, recommends eating cruciferous vegetables to cleanse the body of accumulated toxins.

In an interview with Radio "Sputnik", the professor points out that cleaning the body of toxins will take place naturally if some foods are eaten regularly.

And she adds, eating unhealthy foods and drinking alcoholic beverages leads to the emergence of serious health problems. Therefore, relying on a natural system to clean the body of toxins, it will be without complications and side effects.

She says, "When a person needs to operate the body's detoxification system naturally after excessive alcohol consumption, for example, he must eat a lot of cruciferous vegetables - broccoli, cauliflower, cabbage, spinach, and cultivated cress, etc., because they contain a high percentage of sulfur."

She explains that sulfur ensures the absorption of proteins and is a component of the liver enzyme glutathione, which plays an important role in removing toxins from the body naturally.

The expert points out that in the summer, cases of food poisoning increase, as a result of not storing or cooking foods properly, and in order to neutralize these dangerous cases, garlic and fresh onions must be used.

She says, "In addition to their other beneficial properties, they contain natural antibiotics, which guarantee the prevention of infections in the digestive system. This is very useful in the summer especially, when contaminated and not washed vegetables are sold, as well as eating street foods such as grilled meat kebabs, etc., which leads to a change in the gut microbiome and stimulates the inflammatory process in the digestive system


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