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
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1192.4000 | 1192.4000 | 1192.4000 | | 00:37 |
| USD/VND | | | 23121.9400 | 23117.0600 | 23117.0600 | | 00:37 |
| USD/CNY | | | 6.5629 | 6.5522 | 6.5624 | | 05:07 |
| USD/KWD | | | 0.3044 | 0.3041 | 0.3044 | | 05:03 |
| GBP/USD | | | 1.3429 | 1.3353 | 1.3361 | | 05:10 |
| USD/IRR | | | 42097.4000 | 42097.4000 | 42097.4000 | | 16:00 |
| USD/IDR | | | 14213.0000 | 14076.0000 | 14163.0000 | | 05:10 |
NJ considers 'social equity' tax...
The flask undergoing resurgence...
An economist warns of Iraq losing the dollar and increasing its value against the dinar
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
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
"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
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.
here.
The currency auction total sales amount $ 183,046,647.
including $ 17,300,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
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...