Showing posts with label ZIM. Show all posts
Showing posts with label ZIM. Show all posts

Thursday, December 3, 2020

WOTS THUR DEC 3 2020

 WOTS THUR DEC 3 2020

The exchange rate of the dollar in the Iraqi market on Thursday (December 3, 2020), according to the monitoring of specialists.

Baghdad - price on the Kifah Stock Exchange:

125,300

————–

Price in exchange (approximate)

Purchase of 124,750

Sale 125,750


The Markets:
Asian markets closed mixed NIK up by .03% HSI up by .74% SHANG down by .21%
The UK markets are currently trading mixed   down from .16% to .59% The FTSE is up by 0% 
Our futures are currently trading mixed the DOW at 29836 down by .11% SNP at 3665 down  by .04%  NDX at 12478 up  by .19%

Precious  Metals:
Gold is green at 1838 Silver is green at 24.27 Copper is green at 349 Aluminum  is red at 2037 Platinum is green at 1029
Brent 48 WTi 45

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1163.0000  1212.6000 1192.4000 1192.4000 1192.4000  -0.3000 00:37
 USD/VND  23125.0000  23145.0000 23121.9400 23117.0600 23117.0600  3.5700 00:37
 USD/CNY  6.5553  6.5573 6.5629 6.5522 6.5624  -0.0065 05:07
 USD/KWD  0.3040  0.3050 0.3044 0.3041 0.3044  -0.0003 05:03
 GBP/USD  1.3427  1.3428 1.3429 1.3353 1.3361  0.0065 05:10
 USD/IRR  42000.0000  42210.0000 42097.4000 42097.4000 42097.4000  0.0000 16:00
 USD/IDR  14199.0000  14202.0000 14213.0000 14076.0000 14163.0000  37.0000 05:10
Things in the News:


The flask undergoing resurgence...



Iraqi Articles:

An economist warns of Iraq losing the dollar and increasing its value against the dinar

link

The economic expert, Ihssan Al-Kinani, warned of Iraq's loss of the dollar, the loss of the foreign currency, and the significant increase in its value against the dinar, pointing out that there is a contradiction between the dollar lost annually and the dollar that is legally taken out by merchants and businessmen.

"The financial and banking policy in Iraq needs a fundamental change, and strict control is needed to ensure that every dollar that enters and leaves Iraq is known through special software systems in this regard," Al-Kinani said to "the information ".

He added that "the amounts of dollars leaving Iraq do not correspond to the official data of the competent authorities, and therefore there are big question marks about the loss of this currency and the parties that obtained it."

And that "the continued waste of foreign currency will increase its value against the dinar, in addition to that the prices of goods and commodities will rise dramatically, at a time when Iraq depends almost entirely on import."


Parliamentary Finance: The government has not set a time to send the 2021 budget to Parliament

link

A member of the Parliamentary Finance Committee, Jamal Cougar, explained that the government has not set a time to send the budget next year to Parliament, pointing out that the speed of voting on the budget in Parliament will depend on a set of factors and paragraphs included in the budget.
Cougar said to "the information", "Parliament did not receive notice about the date of receiving the 2021 budget from the government, as it was hoped that it would be delivered to Parliament before reaching this date."
He added, "According to Financial Management Law No. 11, October 15 has been set as the date for sending the budget from the government to Parliament for discussion and amendment, and then reading and voting."
And that, "Parliament, according to the event that the budget comes from the government, it does not have a specific time to vote on it, as this depends on the method of the budget and the problems present in it and the rights included in it, as well as the doors and the rest of the details

Planning: The 2021 budget includes internal and external borrowing to secure salaries

link

The Ministry of Planning announced that the budget for next year 2021 will be highly operational and will depend on oil or other revenues, as well as relying on internal or external borrowing to secure ruling expenses, stressing the importance of continuing important projects and not extinguishing them as happened in the economic crisis after a year 2016.

"The bulk of the budget will be allocated to meet operational expenditures, especially the ruling ones, especially the salaries of state employees that acquire the largest percentage, in addition to the requirements of the health sector and its need for allocations in light of a pandemic," ministry spokesman Abdul Zahra Al-Hindawi said in radio statements. Corona, and also the ration card items, which have witnessed a decline due to the lack of allocations in addition to the security side allocations and the need to perpetuate the momentum of the security force that holds the land and faces terrorism, and to pay the dues of farmers and contractors. "

He pointed out that "the budget includes internal and external borrowing," adding that "what matters to the ministry is the investment side and the process of financing ongoing projects and saving them from the risk of stoppage that threatens them due to the lack of financial allocations, and thus not to repeat what happened in the past years by stopping projects and losing development opportunities and services." .

He pointed to "setting a set of priorities and treatments for projects, according to what is available in terms of financing, as it will be for projects of a service nature that provide services to citizens, projects with advanced proportions, and for strategic projects."

Oil rises as OPEC + resumes talks to extend production cuts after stalemate

link 

Oil prices rose, Thursday, as two producers, including Saudi Arabia and Russia, split over the need to extend the record production cuts that were set in the first wave of the Covid-19 pandemic.

Brent crude rose 21 cents, or 0.4 percent, to $ 48.46 a barrel by 08:02 GMT, after rising 1.8 percent on Wednesday. US oil was up 11 cents, or 0.2%, to $ 45.39 a barrel, after ending a 1.6% gain in the previous session.

The Organization of the Petroleum Exporting Countries (OPEC) and Russia will resume discussions today, Thursday, to agree on policies for 2021, after previous talks did not result in a compromise on how to address weak oil demand amid a new wave of the Corona virus.

It was widely expected that OPEC and its allies, in the group known as OPEC +, would pass oil cuts of 7.7 million barrels per day, or 8% of global supply, at least through March 2021.

But after hopes of getting quick approval for the anti-virus vaccines that spurred the rise in oil prices at the end of November, some producers questioned the need to tighten oil policy backed by Saudi Arabia, the OPEC leader.

Britain approved the COVID-19 vaccine from Pfizer on Wednesday, jumping ahead in a global race to start the most important mass vaccination program in history, giving oil prices an extra boost.
The Energy Information Administration said on Wednesday that crude inventories in the United States fell last week, while gasoline and distillate stocks rose sharply as refiners slowed production amid weak demand


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 1190.
 The currency auction total sales amount $ 183,046,647.

  including   $ 17,300,000. CASH 

ISX Update:   

www.isx-iq.net/

Shares Traded: not updated for today
Value Traded: not updated for today 

12-3-2020   Intel Guru Bruce   [via WiserNow]   ...we have reason to believe that some green light so to speak have been lit already and...we are expecting things to happen in a relatively short period of time for us...the information we’re getting out of Iraq is that the ATM machines that are loaded in Iraq with the lower denominations of the new Iraqi Dinar are to be switched on and finally turned on either tomorrow (Wed) or Thursday.  ...we are looking for Iraq to put out an international rate...probably tomorrow [Wed]  or Thursday...  [post 1 of 2....stay tuned]
12-2-2020   Newshound Guru Jeff   "Deleting the zeros" could mean deleting zeros off of the physical note themselves or off the rate.  When they reference "delete the zeros" they mean in a way 2 things.  They do mean delete zeros off the note but that's because...they're gonna replace the larger 3 zeroed notes with smaller notes and nothing greater than a 100 dinar.  But the phrase "deleting the zeros" really means deleting zeros off the exchange rate [.00086 becomes .86 ].  The only way they can strengthen the dinar is to replace large notes with small notes and delete zeros off the exchange rate to increase the value.  That's all this means.   Nothing more.

12-2-2020   Intel Guru Frank26 
 ...IMO there are 5 steps that we are looking at...What are the 5 steps? 1.  The executive bankers they met with the CBI and the CBI told the executive branch level of all the banks in Iraq this is what we are doing with the monetary reform.  The count.  The printing.  The new exchange rate.  The date we want to do this.  The rate we're gonna come out at...that was two weeks ago...now step 2.  The Senior executive level at the banks.  That was last week...step 3.  This week the floor managers are going to start receiving their information...Step 4 that would be the tellers...that will probably be more than likely next week or the week after.  The Managers this week and then it goes to the tellers...  Step 5.  The Citizens...it's going fast.

12-2-2020   Newshound/Intel Guru Mnt Goat   Article:  "THE INTERNATIONAL MONETARY FUND INTENDS TO LEND IRAQ 7 BILLION DOLLARS"...we know Iraq does not have the funds to pay salaries beyond September. They are late already paying our November’s. Okay so why would the IMF all of sudden change its mind and decide to loan Iraq money? They just told us 6 months ago there was a moratorium on loaning any money to Iraq . So, what has changed? I will tell you...it was the fact that Iraq presented the “white paper” and the second major reform on it is the project to delete the zeros...by completing this project it leads to the reinstatement we are looking for. ...this article is yet another indication that the reinstatement is much sooner than later.

12-2-2020  Newshound Guru Pimpy  ...the deletion of the zeros what that means is devaluing the currency the Iraqi dinar.  Which is not the same as deleting the zeros off the rate.  That's different.  I'm talking about deleting the zeros off the dinar.  So what happens is 1000 dinar becomes 1 dinar...that doesn't help Iraq at all...There's a lot of back and forth about this...you've got one person talking about they need to delete off the exchange rate, which we love and support that of course because that's good for us.  But the deletion off the currency is not good...just be happy that they're talking about it...we want to see what they do not what they say...

12-2-2020   Newshound Guru  Breitling  People are looking at the Iraqi dinar and saying, 'there has never been a currency ever that they added that much value over night. How can they do that."  ...that value was taken away.  It's not inflation.  How did they take it away?  They printed more currency..

12-2-2020   Intel Guru MarkZ   [via PDK]  What I am seeing right now is continued in Iraq and Vietnam as they prepare for the change in the value of their currencies. This is what brings me the most comfort right now.  It has gone from the CBI level to the individual bank level in Iraq as they work on the education process.  ...timing wise my best guess is it will happen sooner rather than later.

12-2-2020   Intel Guru Bluwolf   ...I don't control this outcome...that is up to your Commander in Chief and...my voice as of many others have reach his ears and we have encourage to give the GO. And you know what he is really pushing it forward thanks to all who have written to him. We encourage him to release the RV/redemption last 2nd of October and he ordered it but then because of a security breach that was postponed somehow till today...Your blessing are now just hours away...  And this will only get done if Mr.President overrides everything and does so. ..."WE WILL HAVE A MERRY CHRISTMAS."
[post 2 of 2]

12-2-2020   Intel Guru Bluwolf   ...I like many have very good sources and in very high places...I take my responsibility very seriously...I speak only when the time is precise and I cut it very short...The variables or shifts that transpire is not because of false information but SIMPLY BECAUSE OF CORRUPT GOVERNMENT PARTIES AND THERE PUPPETRY AGENDAS AND THE SO CALL ELITES...  [post 1 of 2....stay tuned]

12-2-2020   Intel Guru Frank26  ...By raising the value of the Iraq dinar the citizens can go and buy these bonds as an investment with the Iraqi dinar...If you try to buy these bonds with the American dollar the GOI is going to tell you - nope.  No can do.  You have to buy with Iraqi dinars...by selling these bonds it's going to help the dinar - monetary reform.  Brilliant. [Post 2 of 2]

12-2-2020   Intel Guru Frank26   Article:   "Iraq seeks to "sell things" at about $5 billion to citizens"   ...This is huge.  This is monstrous.  Bonds.  No other guru is talking to you about this...this is so important.  The article very plainly tells you, 'we are going to fix the exchange rate...it's going to be fixed against the American dollar."  That's a rate of 1 to 1.  They told you that many years ago and now they're telling you again now...  [Post 1 of 2....stay tuned]

12-2-2020   Newshound Guru Jeff    Article:  "An economist calls for deleting the three zeros from the dinar to strengthen the local currency"  Another good article to share with you...talking about deleting the zeros to strengthen the dinar.  Notice how they used the word "strengthen" the dinar.  I don't have to tell you from my opinion it's strengthening.  They're telling you it's strengthening...over the last 3 to 6 months they put a lot of articles out talking about devaluing the Iraq dinar.  Now they're talking about strengthening the dinar...notice how they're doing this now and they've put an emphasis on it for the past week...this article straight up tells you strengthening the Iraq dinar...



Catnip's Corner:
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ARTICLE 1-A (from PM Kadhimi's website; posted only on Arabic side, not on English side)

Prime Minister Mustafa Al-Kazemi chairs a meeting to develop the management of newly completed hospitals 

Today, Wednesday, the Prime Minister, Mustafa Al-Kazimi, chaired a meeting devoted to researching the development of the management of newly completed hospitals.

The meeting discussed the mechanisms of inviting specialized and discreet companies for the purpose of managing, operating and maintaining these hospitals, as well as providing the necessary funding for that in a manner that ensures that they provide the best services to citizens, with the need not to burden citizens with any additional burdens.

During the meeting, it was discussed that these companies would provide training and upgrading services to the Iraqi health staff, whether for doctors or other health and nursing staff.

The Prime Minister stressed that the results of development and the invitation of companies should be reflected positively on the services provided to citizens, as the state is responsible for financing the invitation to participate, provided that the citizen receives the health services he needs in the best way and level.

Media Office of the Prime Minister
2- December- 2020

***************
ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side)

The Commander-in-Chief of the Armed Forces, Mr. Mustafa Al-Kazemi chairs a meeting of the Ministerial Council for National Security 

The Prime Minister and Commander in Chief of the Armed Forces, Mr. Mustafa Al-Kazemi, chaired today, Wednesday, the meeting of the Ministerial Council for National Security.

During the meeting, security developments in the country were discussed, and the topics included in its agenda were discussed.

At the beginning of the meeting, Mr. Al-Kazemi referred to the challenges facing the country, including the security challenge, and although there are achievements in combating organized crime and terrorist gangs, there are attempts to impose reality from parties under different headings.

The Commander-in-Chief of the Armed Forces indicated that there are problems and challenges in the city of Nasiriyah, and they were contained, after a committee was dispatched and a crisis cell was formed regarding the events of Dhi Qar Governorate, which was headed by the National Security Adviser and the Head of the National Security Agency, praising the steps taken This committee carried out these activities, including the meetings and meetings that contributed to reducing tension, explaining that the protests in the city of Nasiriyah included real demands.

The Commander-in-Chief of the Armed Forces emphasized the support of the Dhi Qar Governorate police by the Ministry of the Interior, imposing the prestige of the security forces, providing services to the province in coordination with the Ministry of Construction and Housing, as well as initiating stalled projects and providing infrastructure, and everything that the people of this province need, stressing also He stressed the importance of restoring security and safety in the city of Nasiriyah, and directed his Excellency to arrange a meeting with the families of the martyrs to listen to their requests and needs.

The National Security Adviser presented a detailed report on the measures taken in the city of Nasiriyah, and the results achieved from the committee’s visit, including the involvement of academics in the governorate in discussing the situation there, and the repeated meetings with a number of sheikhs and notables.

During the meeting, the Commander-in-Chief of the Armed Forces discussed the importance of training for the armed forces, and ways of working to provide what these forces need to sustain the momentum of their work.

His Excellency referred to the great popular welcome regarding the achievement that was achieved in Sinjar, stressing the protection of the citizen, providing security and stability, imposing the prestige of the state and dealing firmly with anyone who tries to tamper with security, and this is among the security services' priorities and duties.

It was also decided during the meeting:
1- The Diwani Order Committee (319) continues to implement its tasks to achieve security, service and social stability in Dhi Qar Governorate, and to undertake coordination with all relevant authorities in order to advance the reality of the governorate.
2- The Ministry of Interior shall provide appropriate support and attribution to the Dhi Qar Governorate Police Command, and work to enhance confidence between the citizen and the security forces.
3- The Diwani Order Committee (319) coordinates with the Ministry of Construction and Housing regarding the allocation of plots of lands in the governorate, and their distribution to the eligible segments according to priorities.
4- The Prime Minister’s Office, in coordination with the National Security Adviser, shall present an appropriate vision or action plan dealing with the advancement of the private sector in the governorate, employing manpower, and providing job opportunities to accommodate as many people as possible.

Media Office of the Prime Minister
2- December- 2020

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ARTICLE 1-C (from PM Kadhimi's website; posted only on Arabic side, not on English side)

Prime Minister Mustafa Al-Kazemi chairs the meeting of the Supreme Committee for National Health and Safety 

The Prime Minister, Mr. Mustafa Al-Kazemi, chaired today, Wednesday, the meeting of the Supreme Committee for National Health and Safety.

The Prime Minister praised the efforts and dedication of health sector workers, which was positively reflected in reducing the death rate among those infected with the Corona pandemic.

His Excellency also stressed the importance of continuing these efforts with the same momentum, and providing all medical supplies that contribute to providing treatment and health care, and directed the Ministry of Health to intensify efforts and work to deliver the vaccine to the country as soon as possible.

The Minister of Health presented a detailed report on developments in dealing with the Covid-19 virus and the statistics related to it, as well as on the nature of the procedures required to provide the vaccines available globally, as well as on the companies contributing to their production, and the extent of their approval in accordance with the conditions to be provided in the vaccine, which were approved by the World Health Organization.

The report also reviewed the international bodies accredited to approve vaccines upon selection, and the availability of logistical services related to transporting, storing and circulating the vaccine until it reaches the beneficiary.
He also presented a summary of the prices of vaccines, and the countries that have contracted with the producing companies so far.

The meeting endorsed the recommendations presented by the Ministry of Health, and what it needs to support its efforts to combat the spread of the Corona pandemic.

It was also approved to approve the Ministry of Education plan, in a way that guarantees the health and safety of pupils, students and teaching staff, and confirms that the requirements of the educational process required in all Iraqi schools are fulfilled, taking into account the observations of the Ministry of Health, provided that the plan is re-evaluated according to the developments of the epidemiological situation.

The meeting also witnessed the approval of the Ministry of Higher Education and Scientific Research plan to start the academic year 2020/2021, for initial and postgraduate studies in all universities and private colleges, in a manner that guarantees the safety of students and educational and employment staff, provided that the plan is reassessed according to the epidemiological situation.

The meeting took a decision to consider the Corona pandemic as a force majeure for all projects and contracts in force, starting from February 20, 2020, until the issuance of this decision, while granting the Ministry of Planning the authority to exclude special cases from among projects, and to submit requests for exemption before the date of 1/3 / 2021.

Media Office of the Prime Minister
2- December- 2020

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ARTICLE 2 (from Government of Iraq twitter account)

Watch: Highlights from the Cabinet Spokesperson's press conference, the Minister of Culture
@HassanNadhem, during which he briefed the media on the weekly meeting of the Cabinet and domestic developments:
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ARTICLE 3

Officially .. Finance announces the launch of the retirement salaries

02/12/2020 15:54 • 
[Baghdad-Where]
The Iraqi Ministry of Finance announced, on Wednesday, the release of the salaries of retirees for the current month.
The media office of the Ministry of Finance said in a notice. "The ministry released the salaries of retirees for the month of December."

Earlier today, Wednesday, an informed source revealed that the salaries of retirees would begin to be distributed, starting tomorrow, Thursday.

The source said in an interview. "The payment of salaries to retirees, starting from tomorrow evening, Thursday, after the Pension Authority sends the exchange lists to banks."

The source, who asked not to be named, added that the exchange process will continue until Friday.
*************
ARTICLE 4

The Kurdistan government unveils a loan to cover the financial deficit and the salaries of employees

 02/12/2020 18:40 • 
[Baghdad_Where]
The Kurdistan Regional Government confirmed, today, Wednesday, that a delegation from the Kurdistan Regional Government will visit Baghdad soon to discuss the outstanding problems, while indicating that the Kurdistan Regional Government will borrow 355 million dollars to fill the deficit.
"The Kurdistan Regional Government is insistent on paying employees' dues," said Kurdistan Regional Government spokesman Jotyar Adel, in a press conference, pointing out that "the Kurdistan Regional Government will borrow 355 million dollars to meet the deficit until the sums arrive from Baghdad."
He added, "The territorial government was able to provide 400 million dollars from imports for the distribution of salaries," noting that "the regional government will do everything it has to get the region's dues and employees in particular."
He pointed out that "the regional government delegation will visit Baghdad soon," indicating that "all delegations that were sent to Baghdad were headed by Qubad Talabani, Vice President of the Kurdistan Regional Government, and negotiations were good and our negotiations with Baghdad are continuing."
He continued, "The region asked the center for a share of 17% of the budget, but this will be through dialogue," noting that "the problem with Baghdad is not only a matter of salaries," noting that "the central government has promised to solve the issue of regional employees' salaries."

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ARTICLE 5

Parliamentary Security reveals spending 18 billion dinars to secure the border with Syria

12/1/2020 21:06 • 
[Follow-up_wine]
Member of the Parliamentary Security and Defense Committee, MP Abd al-Khaliq al-Azzawi, confirmed, on Tuesday, spending 18 billion dinars to secure the borders with Syria.
Al-Azzawi said in an interview that securing the borders with Syria is a strategic necessity for the Iraqi national security, as it is a direct threat in light of the significant activity of ISIS terrorist cells in many areas close to the borders.

Al-Azzawi added, "18 billion dinars have been monitored and spent in the government of Adel Abdul Mahdi in order to finance various types of border fortification projects, enhance the capabilities of the existing forces to monitor and follow-up and thwart any infiltration attempts, whether by terrorists or smugglers."

Al-Azzawi pointed out that "the status of the Iraqi-Syrian borders is much better than previous years, but it cannot be confirmed after the presence of infiltration cases that occur to individuals and not large groups because there is monitoring and follow-up by the Iraqi forces of all kinds and there is good coordination between them and the activation of the intelligence dimension.
*************

Monday, November 2, 2020

WOTS MON NOV 2 2020

 WOTS MON NOV 2 2020

he exchange rates of the dollar on the main stock markets rose slightly, while it stabilized in the local markets on Monday (November 2, 2020).

Al-Kifah Stock Exchange recorded 125,200 dinars against 100 US dollars, while the exchange rate of the dollar on Saturday recorded 125,100 dinars per 100 dollars.
Sales price: 125,500 dinars per $ 100.
Purchase price: 124,500 dinars per $ 100

The Markets:
Asian markets closed up  NIK by 1.39%  HSI by 1.46% SHANG up by .02%
The UK markets are currently reading in the green  from 1.09% to 2.08%
Our futures are currently trading in the green the DOW at 26896 up by 1.90% SNP at 3319 .50 up by 1.68% NDX at 11200.50 up by 1.40%
Precious Metals:
Gold is green at 1888 Silver is green at 24.09 Copper is green at 305.55 Platinum is green at 856
Brent 37 WTi 

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  0.0000  0.0000 1192.5000 1191.5000 1191.6000  -0.7000 00:00
 USD/VND  23177.0000  23178.0000 23168.0100 23159.7900 23159.7900  9.5400 05:09
 USD/CNY  6.6898  6.6920 6.6994 6.6812 6.6891  0.0010 05:05
 USD/KWD  0.3056  0.3066 0.3057 0.3057 0.3057  0.0000 05:05
 GBP/USD  1.2916  1.2917 1.2939 1.2855 1.2924  -0.0028 05:09
 USD/IRR  0.0000  0.0000 43011.9000 43011.9000 43011.9000  -43.1000 00:00
 USD/IDR  14643.0000  14647.0000 14729.0000 14618.0000 14625.0000  -116.0000 05:07
Things in the News:

U.S. Futures and Stocks Rebound; Oil Pares Retreat: Markets Wrap
In first for USA, Cuomo requires all visitors to New York to undergo virus testing...
Dramatic announcement...
MUST SHOW PROOF OF NEGATIVE TO ENTER STATE...
  


IRaqi Articles:

Global oil prices drop by more than 3% today, Monday

link

Oil prices decreased this morning by more than 3 percent during trading today, Monday, in light of economic concerns about the decline in global demand for crude, due to the increasing cases of the new Corona virus in Europe and the United States.

US crude futures fell 4.19 percent to $ 32,565 a barrel, while Brent crude futures fell 3.56 percent to $ 36.13 a barrel

Oil trimmed its losses last October, after Japanese export orders grew for the first time in two years, along with the rise in Chinese industrial activity to its highest levels.

Some countries across Europe are re-imposing comprehensive lockdowns, in an attempt to curb the rates of the second wave of the emerging corona virus.

Oil expert warns of oil and gas law legislation in its current form

link

The Iraqi oil expert, residing in Britain, Hussein Rabia, warned against legislating the oil and gas law in its current form that serves the ruling parties.

Rabia said, in a message that reached Al-Iqtisad News, " Everyone should beware of the parliament’s attempt to pass an oil and gas law to serve the ruling parties and those who occupy the highest positions in the state."

He added that after we saw the new lean education law that was approved by the Iraqi parliament, and the main purpose of the law is to give doctoral and masters degrees to those who have elementary degrees or paper degrees they bought from the Internet, the purpose of which is to destroy higher education in Iraq and mock higher degrees and scientific specialization .

"Now parliament uses people without knowledge or experience in the oil and gas industry to debate and pass a poor and failed law to issue the so-called oil and gas la."

He called on every jealous Iraqi to oppose any law issued by Parliament on oil and gas affairs unless, first, the essential structure of this law is drawn up from Iraqi oil experts, who do not belong to the ruling parties in the country.

Iraq is preparing to receive donor countries next week

link

The General Secretariat of the Council of Ministers announced that the ninth of this month will witness the presence of donor countries to support and finance projects in the liberated areas.

While the United Nations Development Program said, "It has implemented hundreds of service and humanitarian projects in the liberated governorates, and we are continuing to rehabilitate and implement projects in the liberated governorates."
He referred to "the implementation of 271 service and humanitarian projects in Salah al-Din Governorate and the rehabilitation of 20,000 residential homes in Anbar Governorate."

The United Nations Development Program announced the implementation of "1754 service projects in Nineveh Governorate."

The Central Bank opens an account with Euroclear to develop the performance of foreign reserves from the CBI site

link

With unremitting efforts by the administration of the Central Bank of Iraq in developing the management of foreign reserves, this bank opened an account with (EuroClear Corporation), which is the most important custodian institution that provides securities custody services as well as other services, including the ease of conducting investment operations without the need for a contract Agreements with issuer of securities, low cost of custody and ease of tracking.

This bank indicates that soon, the process was carried out by central banks and correspondent banks, which impose an additional commission on keeping these papers in addition to the limited investment due to the multiplicity of procedures and their complexity in the presence of the intermediary.

This step is important in the work of the Central Bank of Iraq, as it simulates international practices in the process of investing foreign reserves, and is an important achievement that this bank adds to its set of achievements in managing reserves and international transactions.
 

   The Central Bank of Iraq, the
second of November 2020

Iraq completes the criteria for exit from the list of countries with a high risk in combating money laundering

link

 

The Ambassador of the Republic of Iraq in Madrid, Adel Mustafa Kamel, announced today, Sunday, the completion of the international procedures and standards required to exit countries with risks in combating money laundering and terrorist financing.

A statement by the Ministry of Foreign Affairs stated, “This is permissible for his meeting with José Pascual Marco, Director General of Integration, Coordination and European Union Affairs in the Spanish Foreign Ministry, and Victoria Cartelin Ordoneth, Deputy Director of Economic and Financial Affairs of the European Union in the Spanish Foreign Ministry, within the ongoing diplomatic efforts to remove Iraq from the list of the Commission European countries are of high risk in combating money laundering and terrorist financing.


The ambassador referred to the "depth of bilateral relations between the two countries, as they are more than seven decades old, as well as the Kingdom's role in combating terrorism within the international alliance, and he emphasized the two countries' current efforts to develop these relations in the economic field."


As he stressed, “Iraq is looking forward to Spain's support to remove it from the European Commission’s list of high-risk countries,” declaring that “Iraq has completed the international procedures and standards required to exit the list, including the legislation of Law No. 39 of 2015 related to combating money laundering and terrorist financing, as well as its exit from the list The Financial Action Task Force (FATF) for countries that have deficiencies in combating money laundering and terrorist financing.
At the end of the meeting, Jose promised that Spain would support Iraq through their representative in the European Union, seeking to expedite its removal from the list of countries with risks in the field of combating money laundering and terrorist financing

Central: He went to create solid financial institutions

link

The Central Bank of Iraq confirmed the trend to create solid financial institutions, supporting the country's active economic activities.

 

Integration and pluralism

He pointed out that "the central bank does not accept the existence of sagging in the Iraqi banking system, and supports the increase of capital after verification of its integrity, as it supports the processes of establishing the banking sector through the integration and multiplicity of products offered to the public  Customers."

 

Advanced services

"Efforts are continuing towards developing performance and creating an effective banking body that supports efforts to develop the national economy, through a range of products that are constantly being developed, to provide advanced services that reach all segments of society in line with the financial inclusiveness trends recommended by the Central Bank," he said.

 The Iraqi."

He added that "the Bank is working in accordance with the instructions of the Central Bank and has worked to support smEs with effective economic viability, in a move aimed at providing jobs for the largest segment of  Al-Shabaab."

 

Important projects

"Achieving a partnership with the Ministry of Agriculture to establish a number of important projects, where the trend was to grow soybeans in Iraq for the first time and areas covering the country's need for this material, which is imported from markets outside the country, where experiments proved the success of the cultivation of this important crop inside Iraq, as is the work on the textile agriculture project in Holy Karbala and simple conversion projects such as the production of derivatives,  Milk."

He warned that "the success of the bank's work requires the formation of governance and specialized committees that follow up the mechanisms of work and the paths of performance improvement in the form, which enhances trust between the banking system and the public, after there has become a big gap in this Side."

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 1190.
 The currency auction total sales amount $ 179,200,000

  including   $ 21,700,000. CASH 

ISX Update:   

www.isx-iq.net/

Shares Traded: not updated for today
Value Traded: not updated for today 

11-2-2020   Austin-Powers-For-PM   Article:  "A Source Confirms: The Continuation Of The Suspension Of Employee Salaries For 10 Months"  Quote:  "An official source in the Ministry of Finance stated, on Sunday, that instructions were issued not to disburse any check for salaries of state departments."   Bingo!  We have finally hit the Schwerpunkt of this whole process. They are forcing action instead of promising that the salaries will be "Next week." The article basically was telling the citizens "You ain't getting paid." Nobody in their right mind would put that article out under normal circumstances. It would lead to rioting. It also broke a pattern, which means it needs to be replaced with another pattern. They are telling the citizens, in an indirect way, they are going to get paid electronically and that everything is about to change. There is no going back.

11-1-2020   Newshound Guru Vic 
 [Welcome back...long time no see]   ...I've been in the background watching...I Always said and many can agree that through the years, I always reminded many that Brexit and Basel lll are important measures to keep on eye's on.

11-1-2020   Newshound Guru Jeff   ...Saturday of last weekend they did the first reading of the borrowing law.  They average about a week and a half between each reading...they are on track to have the borrowing law done middle of November ... that's the last thing we're waiting on so they can change the rate anytime after they finish the borrowing law...watch the borrowing law...  
Catnip's Corner:
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ARTICLE 1-A (from PM Kadhimi's website; posted only on Arabic side, not on English side)

Prime Minister Mustafa Al-Kazemi stresses during the Iraqi-Egyptian Economic and Trade Forum on the development of the economic partnership between the two countries

The Prime Minister, Mr. Mustafa Al-Kazemi, affirmed the government's keenness to revitalize and develop the private sector in Iraq, at the current stage, and to benefit from the Egyptian experience in the field of financial and economic reform.

This came during the inauguration of His Excellency, today, Saturday, the Iraqi-Egyptian Economic and Trade Forum, in the presence of the Egyptian Prime Minister, Mr. Mustafa Madbouly.

And His Excellency stated that the current crisis that Iraq is going through due to the repercussions of the Corona pandemic and the low global oil prices have pushed the government to deliberate planning, to achieve economic reform and support the private sector, to be effective and influential in development projects and in the local market activity, and that the white paper prepared by the government It represents a clear road map in this direction.

Al-Kazemi affirmed that the government is committed to developing the Iraqi-Egyptian partnership, and is serious about working to improve the investment environment in Iraq, and to overcome the difficulties facing the arrival of Egyptian companies to Iraq, calling on the Egyptian side to facilitate the entry of Iraqi businessmen to Egypt, and to establish partnerships with their Egyptian counterparts.

Mr. Al-Kazemi stressed the importance of this meeting being a turning point in developing economic cooperation between the two countries and expanding the scope of commercial, industrial and investment opportunities for businessmen in Iraq and Egypt, indicating that he touched President El-Sisi and Prime Minister Dr. Mustafa Madbouly, of great concern and encouragement to advance our partnership. And pay attention to the development that our region needs in order to establish peace and stability.
 
Media Office of the Prime Minister
31-Oct-2020

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ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side; 13 pix)

In the presence of the Prime Minister, Mr. Mustafa Al-Kazemi and his Egyptian counterpart, Iraq and Egypt sign 15 memoranda of understanding and a cooperation program

Today, Saturday, Iraq signed fifteen memoranda of understanding and a program of cooperation with Egypt in various fields, in an official ceremony that took place in the presence of the Prime Minister, Mr. Mustafa Al-Kazemi, and the Egyptian Prime Minister, Mr. Mustafa Madbouly, where they signed the minutes of the Iraqi-Egyptian Joint Higher Committee.

The official ceremony included the signing of several memoranda of understanding, a program of cooperation and protocols in the fields of transportation, water resources, health, environment, justice, investment, housing, construction, industry, trade and finance.

The Iraqi Minister of Justice, Mr. Salar Abdul Sattar, and the Egyptian Minister of International Cooperation, Mrs. Rania Al-Mashat, signed a memorandum of understanding for cooperation, training and exchange of experiences in the field of justice and the judiciary.

The Minister of Water Resources, Mr. Mahdi Rashid Al-Hamdani, signed a memorandum of understanding for cooperation in the field of water resources and irrigation, with the Egyptian Minister of International Cooperation Mrs. Rania Al-Mashat.

The Executive Director of the Iraq Stock Exchange, Mr. Taha Ahmed Abdel Salam, signed a memorandum of cooperation between the Iraq Stock Exchange and the Egyptian Stock Exchange, where the Egyptian Minister of International Cooperation, Mrs. Rania Al-Mashat, signed on the Egyptian side.

In the field of environment, the Minister of Health and Environment, Mr. Hassan Mohamed Al-Tamimi, signed with the Egyptian Minister of International Cooperation Mrs. Rania Al-Mashat, the second executive program for technical cooperation in the field of environmental protection.

In the health field, a memorandum of understanding was signed in the health, medicinal and training fields, signed on the Iraqi side by the Minister of Health and Environment, Mr. Hassan Muhammad Al-Tamimi, and on the Egyptian side, by the Egyptian Minister of International Cooperation Mrs. Rania Al-Mashat.

In the field of transportation, the Iraqi Minister of Transport, Nasser Hussein Bandar, and the Egyptian Minister of Transport, Kamel Al-Wazir, signed the Maritime Transport Agreement.

The Minister of Construction, Housing, Municipalities and Public Works, Nazin Muhammad Woso, and the Egyptian Minister of Transport Kamel al-Wazir, also signed a memorandum of understanding in the field of roads and bridges, and a draft memorandum of understanding for cooperation in the field of housing and construction, signed on the Egyptian side by the Egyptian Minister of Housing, Utilities and Urban Communities, Assem El-Jazzar.

In the commercial field, the Iraqi Minister of Trade, Mr. Alaa Ahmed Hassan, and the Egyptian Minister of Trade and Industry, Mrs. Nevin Jamea, signed a memorandum of understanding in the field of World Trade Organization agreements and organizing exhibitions.

In the industrial field, the Iraqi Minister of Industry, Mr. Manhal Mahmoud Abdel Rahman, and the Egyptian Minister of Trade and Industry, Mrs. Nevin Jameh, signed a memorandum of understanding in the field of industrial cooperation. They also signed a cooperation protocol in the field of combating subsidies, dumping and prevention.

The Iraqi Minister of Industry, Mr. Manhal Mahmoud Abdel Rahman, and the Acting Head of the Egyptian Consumer Protection Agency, Mr. Ahmed Samir Farag, also signed a memorandum of understanding in the field of consumer protection.

The President of the Iraqi Investment Authority, Ms. Suha Al-Najjar, and the CEO of the Egyptian General Authority for Investment and Free Zones, Mr. Mohamed Abdel-Wahab, signed a memorandum of understanding in the field of investment.

A joint cooperation protocol was signed between the Iraqi Federation of Industries and the Federation of Egyptian Industries, signed on the Iraqi side by the President of the Iraqi Industries Federation, Mr. Ali Sabih Ali Al-Saadi, and on the Egyptian side, the President of the Federation of Egyptian Industries, Mr. Muhammad Zaki Al-Suwaidi.
 
Media Office of the Prime Minister
31-Oct-2020
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ARTICLE 2 (from Government of Iraq twitter account)

“My message to every Iraqi during the Coronavirus pandemic stay vigilant and follow the health preventive guidance” says Iraqi medic Osama Hamdi who features in the next edition of #DedicatedToService #والنعم_منك

PM @MAKadhimi on Saturday welcomed in Baghdad Egypt’s Prime Minister, Mostafa Madbouly and held talks on strengthening bilateral relations and the implementation of the decisions of the Iraq-Jordan-Egypt Summit held in Amman in August:

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ARTICLE 3

Urgent Minister of Finance announces the date of payment of salaries

11/01/2020 21:54 • 
[Baghdad-Where]
The Minister of Finance, Ali Abdul-Amir Allawi, announced the date for the employees' salaries to be paid.
Allawi said in a press statement, "The salaries of employees for the month of October may be paid after two weeks if the fiscal deficit financing law has not passed."
He added, "If the House of Representatives votes on the deficit financing law, salaries will be released directly."
He pointed out that "the 41 trillion amount contained in the deficit financing law will secure salaries until the first two months of next year."

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ARTICLE 4

Rafidain determines the interest of depositing funds: they continue to open accounts to citizens

 2020/1/1 11:33 
[Baghdad_In]
Rafidain Bank announced Sunday that it is continuing to open accounts to citizens and other segments to deposit their money in the bank.
"The bank continues to open accounts (savings and current) to citizens and deposit their money in exchange for interest," the bank's information office said in a statement.
The bank called on citizens to "visit the bank's branches for the purpose of reviewing the special instructions, putting their money in the bank and not hoarding them at home in light of the positive benefits set by the bank in return."

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ARTICLE 5

The scene of the protests is back. Protesters in Karbala demand dissolution of parliament and clashes in Basra

 2020/1/1 17:49 
Baghdad-In
The scene of the protests returned, a day after protesters withdrew from Tahrir Square in central Baghdad (the center of the protests), and the square and the Bridge of the Republic were opened and approached to citizens and protesters.
Dozens of people demonstrated in the holy city of Karbala this evening after the scene of protests subsided in recent days.
"Dozens of citizens gathered in the holy center of Karbala, denouncing corrupt political parties and the continuation of quotas and corruption," a source said.
"The demonstrators in the province demanded the dissolution of parliament and the formation of a national rescue force," he said, adding that "security forces have intensified their deployment and cordoned off the area to prevent any attack."
A source in Basra province confirmed clashes between protesters and security forces.
"Security forces tried to disperse the demonstrators from basra's sit-in square and fired smoke to disperse them, which increased the demonstrators' insistence on escalating and raising slogans against the government and parliament," he said.
Dozens of demonstrators flocked sunday evening to Tahrir Square in central Baghdad after all tents were lifted and the square opened on Saturday, in front of citizens and the wheels.
"Dozens of demonstrators returned to Tahrir Square in central Baghdad, specifically under the Freedom Monument," a source said.
"The demonstrators uploaded pictures of Tishreen martyrs, denounced corrupt political parties and demanded regime change," he said.
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