Monday, March 2, 2020

WOTS MAR 2 2020

WOTS MAR 2 2020

Markets:
Asia closed in the green
NIK  .95%  HSI .62%   SHNG  2.15%

our due to start negative again 
DOW about 150    SNP  about 23    NDX about 37

Precious Metals:

GOLD   1598  up   Silver 16.80 up but it's down Copper 256 up   plat 867 all green

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1166.1000  1220.0000 0.0000 0.0000 0.0000  0.5000 06:09
 USD/VND  23234.0000  23237.0000 23209.0100 23209.0100 23209.0100  1.9200 06:09
 USD/CNY  6.9985  7.0005 6.9991 6.9907 6.9907  0.0079 06:50
 USD/KWD  0.3059  0.3069 0.3063 0.3057 0.3057  0.0005 06:29
 GBP/USD  1.2762  1.2764 1.2850 1.2753 1.2779  -0.0052 06:50
 USD/IRR  0.0000  0.0000 42097.5000 42097.5000 42097.5000  97.5000 00:00
 USD/IDR  14250.0000  14256.0000 14729.0000 13920.0000 13952.0000  -61.0000 06:50



Things in the News...   


Factory activity weakest reading on record...
Uighurs ordered to work...

other news ...


 
Iraqi Articles: 

The text of the word Muhammad Allawi's withdrawal from his mandate to form a government  
The text of the word Muhammad Allawi's withdrawal from his mandate to form a government
Baghdad - Mawazine News
Honorable President of the Republic,
Peace, mercy and blessings of God..

Respecting the confidence of your dear Excellency and the commitment that I made to my patient people, I address this speech to your sovereignty and our people.
When I was assigned I had promised the people that I would leave the assignment in the event that political pressure was put in place for the purpose of passing a specific agenda on the government that I intend to form, and therefore my decision was to form an independent government in order to work without partisan obligations or pressure to accelerate the implementation of the people's demands and that I am fully aware That insisting on this condition would cost me to pass my government, because the parties that were plagued by corruption and traded in sectarian and ethnic will be the first affected ... and if I had made concessions, I would now be direct to my job as Prime Minister of Iraq, but I do with all this ...

I tried in every possible way to save our country from slipping into the unknown and in order to solve the current crisis, but during the negotiations I collided with many things that did not take place to the cause of the country and its interest in something, and God testifies that I did not concede and did not offer special interests in the interest of the country, but unfortunately very Some parties were negotiating only to obtain narrow interests without a sense of the national cause, and without any regard for the blood of the martyrs who fell in the midst of pretense in order to change the conditions and achieve the elevation and prosperity of the country.

For this His Excellency the President, I was in front of an equation .... the position of Prime Minister in exchange for lack of honesty with my people and continuing the position at the expense of his suffering, so the choice was simple and clear is to be with my patient people, especially when I saw that some political parties are not serious about reform and fulfill their promises to the people and Putting obstacles in the way of the birth of an independent government working for the homeland was clear, from the failure to achieve the quorum for two consecutive times to campaigns of slander, lying, and falsification of facts, up to this day, and we do not know then where the traffickers can reach their concerns of our people.

Therefore, allow me to raise you to your Excellency, my apologies for assigning you, please accept it
Here is my message to dear MPs
Thank you to those who stood up and supported me without asking for positions and allow me to tell you that you are in front of a historical secretariat that does not relate to your affiliation or your party and does not even relate to you but rather it relates to Iraq alone, this trust requires you to take the lead and take your primary role in order to impose your vision To correct things, the decision is your decision, not someone else’s decision. Whoever negotiates in your name seeks a position and ministry for his own interests, not for a party or component ..

And to my dear people, keep pushing through your peaceful demonstrations so that your sacrifices are not lost in vain, and I will return to the ranks of my people as an Iraqi who did not compromise on his principles and issues, and I ask God Almighty to grant you success in his care and care and to preserve our dear Iraq from every misfortune.

Peace, mercy and blessings of God
your brother
Muhammad Tawfiq Allawi 

Next Tuesday .. Blashardt will provide a summary of developments in Iraq to the Security Council

The United Nations announced today, Sunday, that the representative of the United Nations Secretary-General will present a briefing on developments in Iraq to the Security Council next Tuesday.
"Next Tuesday, the progress of the Special Representative and Head of the United Nations Assistance Mission for Iraq, Ms. Jenin Hennes-Blachhardt, will be briefed before the United Nations Security Council," the organization said in a tweet on the official Al-Ikhbariya Twitter page.
He added, "This brief will include the latest developments in Iraq."

Al-Sadr comments on Allawi's apology from his mandate

The leader of the Sadrist movement, Muqtada al-Sadr, tweeted after Prime Minister Muhammad Tawfiq Allawi’s apology for forming the government, stating that "the love of Iraq inspired you to withdraw and I rewarded Iraq for good."
Al-Sadr said in a tweet on his Twitter account, "How long will the heedless ones who love quotas, and do not observe the interests of the country, manipulate the sources of the people, and for how long will Iraq remain a prisoner of a corrupt few, and for how long will it remain in the hand of a few that will manipulate its fate, while they remain the patriotism and they are the slaves of desires?"
He continued, "I am innocent from the corrupt until the Day of Judgment, and I am innocent from those who disobeyed God Almighty, and they became the captives of their desires and pleasures."

Urgent .. Iraqi President: We will start consultations to choose Allawi's replacement within 15 days


Iraqi President Barham Salih asked the political forces to present an alternative for Prime Minister-designate Muhammad Tawfiq Allawi today, as he announced consultations to select an alternate candidate for Allawi within 15 days, according to the "Sky News Arabia" website.
The Iraqi Prime Minister-designate, Mohammed Tawfiq Allawi, recently apologized for forming the Iraqi government, sending a message to the Iraqi people, by continuing to press through peaceful demonstrations so that their sacrifices are not lost.

Several rockets fall near US Embassy in Baghdad - TV

TASS, March 2. Several rockets fell near the US Embassy in the Iraqi capital, Al-Arabiya TV channel reported on Monday.
The US Embassy is located in the "green zone" of Baghdad, a well-fortified area that houses government agencies and foreign diplomatic missions.

Media: Targeting a military base in Salah al-Din with missiles

Media reported that an Iraqi military base hosting foreign forces in Salah al-Din had been targeted by missile strikes.
While the Security Media Cell has not issued any statement confirming the targeting or not.
Rockets targeting the vicinity of a military base in Tuz Khurmato
A security source said, on Sunday, that two rockets landed in the vicinity of a military base in Tuz Khurmato.
The source said in a statement to "Al-Ikhbaria" that "two missiles were targeted, this evening, around the Al-Siddiq base in Tuz Khurmato."
And he added, "Al-Qaeda is exploring joint American forces within NATO."

CBI, ISX,Dinar Guru:
 
CBI Update:
 
Click on the link above for the latest update.

The CBI for Monday MAR 2nd  rate is 1190.

The currency auction total sales amount $ 210,340,532. 
ISX Update:   At my last checking 
 ended in GEEN
Shares Traded: 775,127,926 
Value Traded: 703,125,248

Dinar Guru Chatter:

3-2-2020   Newshound Guru MilitiaMan   Article:   "Urgent .. Sources: Allawi Is Preparing To Announce His Withdrawal From The Mandate To Form A Government"   I am not buying this latest news on withdrawal.. Not yet anyway.. Way to much at stake at this stage. And not to forget the accomplishments of the CBI.. The country still needs to run on money. Oil is putting pressure on everyone in the Region...
3-1-2020   Intel Guru RayRen98   Sunday's vote has been postponed to Monday due to a lack of quorum.  Baghdad news is broadcasting that Sadr is officially placed on the terrorist list for his actions regarding the murder of protestors. He faces severe sanctions from the US. It is rumored that Allawi will announce that he is resigning the Prime Minister appointment.  Iraqi TV is reporting that Allawi will be a giving speech announcing his withdrawal from forming a cabinet. Time Will Tell!

3-1-2020   Intel Guru Frank26   Question How many days will it take the bank to credit our accounts at the exchange?  You trade in a million dinar and it's worth a million dollars you get a million dollars credited to your bank account...electronically it's instantly...

3-1-2020   Newshound Guru Whitelions   COUNCIL OF REPRESENTATIVES SESSION ADJOURNS FOR DAY AFTER FAILING TO ACHIEVE QUORUM...ULAIMANI — A session of the Council of Representatives on Sunday (March 1) to vote on Prime Minister-designate Mohammed Tawfiq Allawi’s proposed cabinet has been postponed after failing to achieve quorum.

3-1-2020   Intel Guru Delta & Newshound Guru MilitiaMan    Delta:  THIS IS THE PROVE [PROOF ?] OF ARTICLE VIII FROM CBI 55 PAGES DOCUMENTS ...  Quote: "...and Iraq’s commitment to international agreements, in particular the application of provisions of texts Article 8 of the International Monetary Fund agreement..."  MilitiaMan:   Thank you Delta, bringing in the proof is fascinatingly apropos. You supported the data we have that they the CBI has offered the public. They have given notice of a change to come. They are on a time line now... That [document] gives legal text examples of the meaning for Foreign Currency and Hard Currency (USD)  with respect to samples of internationalism to go along with it. They have and will have obligations now that they came out with that data. Whoo yahhh! imo Lets hope we see the train stop and the whistle blows the IQD announcement of a new international rate...!

3-1-2020   Intel Guru Frank26  Question:  Do you think the CBI is itching to push the button right after the announcement of the new seated government?  I don't know if the CBI is itching but I know we are.    The United States is.  The Fab 4 - all those who have taken them to that level they're at now.  I know I am as an investor.  I know contractors are definitely itching for that button to be pushed.  As far as the CBI itself, the first flapping of the wings leaving the nest they're not easy...I think they're ready.  And I think they're willing.  And I think they're being pushed to the point whether they like it or not...

3-1-2020    Newshound Guru MilitiaMan   ...From the CBIs perspective they are and have been ready and it is my understanding the CBI has publicly shown the citizens they are accepting the IMF obligations of Article 8. That was back on the 23rd of February 2020 in a 55 page report in Arabic.  It mentions getting the flow of money to the citizens, lifting restrictions on their funds and allow freedom of external transfers of such funds. That report has me of the mind once it was published for the citizens, it was notice to the BIS...the citizens, and then to us that they are going to be lifting the exchange rate at a very close point in time, imo. Add in the printing of new notes, minting coins, all have been done with the afore being and end game notification if you will.. imo...

3-1-2020   Newshound/Intel Guru David M. Witty   Iraqi Parliament delays vote on government of PM Mohammed Allawi due to lack of attendance.

3-1-2020   Intel Guru Okie_Oil_Man   GOOD EVENING AMERICA SHIP'S AT SEA AND ALL OF OUR WORLD FRIENDS...  WE ARE ONLY HOURS AWAY AND AT MOST A FEW DAYS OF RECEIVING OUR BLESSING...SOURCES ARE STATING OF THE PROBABILITY (POSSIBLE) OF THE RELEASE AT ANYTIME BUT MORE LIKELY AFTER MARCH 1. THAT MEANS THAT ANYTIME AFTER...(SUNDAY) WE STAND AN EXCELLENT CHANCE OF RECEIVING OUR NOTIFICATIONS.    ...I HAVE RECEIVED ADDITIONAL INTEL REGARDING—RATES....THE RATES ON THE INTERNATIONAL CURRENCIES REMAINS HIGH AND CONTRACT RATES EVEN HIGHER.
Catnip's Corner:
***************
ARTICLE 1-A (from PM Mahdi's website; posted only on Arabic side, not on English side)

Denial

The media office of the Prime Minister, Adel Abdel-Mahdi, denies what some media outlets have reported about informing his Excellency the political blocs or others about a new position on continuing to head the government, and that his position is the same that was officially announced in his letter sent to the distinguished parliament on February 19.

And he will announce his official position after the expiry of the deadline he set then and that ends on March 2.

So it required notice.

Media office of the Prime Minister
1-March-2020

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

Iraqi Government Achievements Report in one year 

To inform the concerned authorities, public opinion and all media about the achievement of the Iraqi government, we enclose the electronic version of the report on the achievements of the Iraqi government within one year.

It includes a summary of the most important achievements of the Iraqi government headed by Mr. Adel Abdul-Mahdi, for the period from October 24, 2018 to November 29, 2019, and summarizes the outcome of one year’s outputs from the work of ministries and state institutions.

Iraqi Government Achievements Report in one year pdf

Media office of the Prime Minister
1-March-2020

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

Prime Minister Adel Abdul-Mahdi congratulates the educational family on the occasion of Teacher's Day 

We extend our highest congratulations and blessings to the educational family in Iraq and to all workers in the education sector in our dear countries on the occasion of Teacher's Day.

The renewed celebration of the first day of March of each year is an affirmation of the importance of this giving segment that builds the homeland with the light of letter and word and dispels the darkness of ignorance of science and knowledge.

The interest in and support for the educational sector is at the forefront of our government’s priorities in order to develop it and meet its renewable needs, especially school buildings and the increasing need for them, and to enable educational and teaching bodies to play their role in building society and preparing conscious generations, in addition to our relentless endeavor to improve the decent standard of living and respond to their legitimate aspirations and demands.

We renew to the Iraqi teacher congratulations, asking God that
Good luck everyone to serve Iraq and its people.
Happy new year .

Adel Abdul-Mahdi
Prime Minister
1-March-2020

*************
ARTICLE 2 (from Government of Iraq twitter account)

@IraqiGovt 3-1-2020 around 5 am Eastern
On Iraqi Teachers’ Day, we extend our warmest wishes to Iraqi teachers and educators and recognise their crucial role in building a knowledge-based and sustainable future for Iraq.

@IraqiGovt 3-1-2020 around 11 am Eastern
Meet Mohammed, a maintenance technician, who works hard to ensure that the pitch at Karbala International Stadium, one of Iraq’s leading sporting venues, is always ready to welcome football fans and athletes from Iraq and beyond. Mohammed is #DedicatedToService

*************
ARTICLE 3

Sources close to him: Allawi will apologize and announce his withdrawal from his mandate during his speech tonight

1/3/2020 21:20
[Baghdad-where]

Sources close to the Prime Minister, Muhammad Tawfiq Allawi, have revealed that Allawi will present his apology over the assignment to form the government.

The sources stated that "Allawi will apologize and announce his withdrawal from his mandate during his speech tonight."

The prime minister-designate, Mohammed Tawfiq Allawi, is due to deliver the speech tonight.
The word comes after the House of Representatives failed to hold an extraordinary session today to vote on Allawi's booth and postponed it until further notice.

Council Speaker Mohamed Al-Halbousi said, "Tomorrow is another deadline for the Prime Minister-designate."
*************
ARTICLE 4

The Arab summit in Algeria was postponed because of Corona

1/3/2020 21:17 
[Follow-up]

The Arab League postponed the postponement of the upcoming summit in Algeria scheduled for this March.
The university attributed the postponement of the summit due to the outbreak of corona in more than eight Arab countries.

*************
ARTICLE 5

Drinking water on an empty stomach ... 11 "inevitable" effects

29/2/2092 16:25 
[Follow-up]

Doctors always stress the need to drink water during different periods of the day, because of its benefits to human health. But what about drinking water on an empty stomach?
According to the Bold Sky website, water helps to perform important functions in the body, such as waste disposal, maintaining body temperature and protecting tissues.

The source provided 11 benefits of drinking water on an empty stomach, that is, immediately after waking up:

1- Contributes to weight loss: The body spends a certain amount of energy to heat cold water in the digestive system, which speeds up the metabolism, which will contribute to weight loss.

2- Fighting toxins: the body recovers during the night and gets rid of toxins and harmful substances, and when drinking water on an empty stomach, this helps the body get rid of those toxins.

3- Bowel cleansing: This habit also helps cleanse the intestine and strengthen the digestive system, as it prevents constipation and poor digestion.

4- Reducing calories: Drinking water leads to a feeling of satiety, which contributes to reducing calories. Therefore, it is recommended to drink water at least 30 minutes before breakfast.

5- Improving mental performance: Experts say that one cup of water after waking helps to enhance mental and cognitive functioning.

6- Helping with digestion: Drinking warm water in the morning can help with digestion, as warm water plays an important role in stimulating the gut.

7- Strengthening the immune system: Drinking water on an empty stomach helps maintain the balance of the lymphatic system, and thus one becomes less susceptible to infection and pathogens.

8- Prevents headaches: dehydration in the body causes headaches or migraines. Drinking water on an empty stomach will prevent this.

9- Maintain the health of the internal organs: Drinking water on an empty stomach helps maintain the internal organs of the body.

10- Skin Improvement: Lack of fluid in the body leads to the appearance of wrinkles early. Studies have shown that drinking 500 ml of water on an empty stomach greatly stimulates blood circulation and makes the skin more supple and supple.

11- Feeling energetic: Drinking water in the morning will increase the level of energy in the body and make the person feel energetic.
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WOTS Friday FEB 28 2020

WOTS Friday FEB 28 2020

Markets:

Asian markets closed down  nikk   hsi  shanghai

Dow down 125   sp   13  ndx  38 



Precious Metals:

Gold down under 1650 to 1624   silver  under 18 at 17.14   copper  253  platinum  under 900 at 875


Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1166.0000  1220.5000 0.0000 0.0000 0.0000  0.8000 06:09
 USD/VND  23234.0000  23237.0000 23219.0900 23219.0900 23219.0900  2.7300 06:09
 USD/CNY  6.9826  6.9846 7.0112 6.9812 7.0037  -0.0209 06:41
 USD/KWD  0.3055  0.3065 0.3059 0.3056 0.3059  -0.0001 06:26
 GBP/USD  1.2881  1.2881 1.2919 1.2860 1.2884  -0.0003 06:42
 USD/IRR  0.0000  0.0000 42097.5000 42097.5000 42097.5000  97.5000 00:00
 USD/IDR  14308.0000  14309.0000 14419.0000 14012.0000 14173.0000  137.0000 06:41


Things in the News...  
CoronaVirus Headlines 

Experts: Prepare to see overnight boom...
Seattle-area high school shuttered...
CA Gov Says State Only Has 200 Testing Kits...
Empty shelves hit Hawaii...
Masks Run Short...
How Daily Life Could Change...
Virus threatening to end air-travel boom...

Other News ...

Dow plunges 1,100 points, bringing its decline from a record high to more than 10%



TMX Corp. ordered the halt a little before 2 p.m. ET on Thursday, citing a "problem with order entry" on the main index, the TSX Venture Exchange and the alternative Alpha Exchange. ... About an hour after the halt was implemented, TMX said the shutdown will be in place for at least the rest of the trading day.18 hours ago 



 
Iraqi Articles:  

Basil Hussein: The date for the end of Allawi's mandate to form a government falls on March 8th

The Independent .. The political expert, Basil Hussein, confirmed that the date of the end of Muhammad Tawfiq Allawi's mandate to form the government falls on the eighth of next March.
Hussein said in a press statement to his independent, that "when the mandate of the candidate for the largest bloc exceeded the constitutional deadline of 15 days, the office of the President of the Republic, Barham Salih, said that by referring to the Federal Court, the holidays are not counted within the constitutional terms and extended for 3 days."
He added, "I received information from a source close to the President of the Republic, that the date for assigning Allawi is February 3, and accordingly, with the addition of four gatherings, the last date for the taxpayer will be the end of the next 8 March."
The vote on the Allawi government was scheduled for parliament on Thursday, but the extraordinary session was postponed to tomorrow, Saturday. 

Harb: The President of the Republic has absolute power to assign another candidate to head the government

On Friday, legal expert Tariq Harb confirmed the existence of a constitutional authority and "absolute authority" for the president of the republic to choose another candidate, if the government of the commissioner, Mohammed Tawfiq Allawi, did not obtain confidence.
Harb said in a press statement today, that it is “constitutionally the President of the Republic assigns another candidate to form the cabinet in the event that the Allawi’s Ministry does not gain confidence in tomorrow’s session in accordance with the fifth paragraph of Article 76 of the Constitution,” stressing that “this is the most likely after having Most of the Shiite, Sunni and Kurdish blocs agreed not to vote and give Prime Minister-designate Allawi confidence, as long as these parliamentary blocs did not take their share of the ministries.
Harb added, "Although the candidates for the ministry represent all components, these blocs require the ministers to be the ones that nominate them, and each block has its share of ministers, i.e. partisan quotas and not sectarian quotas that the prime minister took into consideration, but rather requests that the blocs be their subordinates. Those who nominated them, not the prime minister, were the parliamentary quotas behind finishing Tawfiq Allawi and his project to establish a government that is far from quotas while respecting the components by representing them in the ministry he prepared. ”
Harb pointed out that "not granting him confidence after the vote would constitutionally assume the President of the Republic assigning another candidate and note that in this case there is not the largest parliamentary bloc, but rather the absolute authority of the President of the Republic, an absolute authority in the nomination to head the Personal Ministry that he deems unrelated to the larger number Or the smaller group, the issue is subject to the discretion of the President of the Republic only without restriction or condition in assigning anyone except Allawi because the constitution decides another candidate, and the other is not the former Allawi, and this constitutes his government and submits it to Parliament to request that he be given confidence.
On Thursday, the House of Representatives postponed its session devoted to voting on the government booth of Prime Minister-designate Muhammad Tawfiq Allawi until next Saturday, due to a lack of quorum.

Al-Hamash: The budget should be calculated at $ 40 a barrel

Economic expert, Saleh Al-Hammash, saw on Friday that the budget should be counted at $ 40 a barrel for oil, pointing out that the sovereigns get 40% of the budget, and expenditures can be streamlined to ensure control of the deficit.
Al-Hamash said in a statement to "The Information", that "the 2020 budget must be reconsidered, in order to prepare it well according to a new plan, especially since many things differed from last year."
He added that "oil prices are constantly declining, and the budget must be based on the price of a barrel of $ 40 in order to prepare a correct budget and absorb the changes that may occur in prices."
And that "the budget, in the event that it is calculated at $ 40 a barrel, the deficit in it can be addressed through agile expenditures, especially that 40% of the budget goes to the sovereigns in the country, in addition to that the state has 600 thousand cars and therefore needs constant expenses that overburden a budget Country".
He explained that "the statistics and official data of the International Monetary Fund confirm that the world will not depend on oil as a primary source of the budget by the year 2030, especially as there are many alternatives that have been resorted to in order not to rely on oil." 

Badr bloc reveals the reasons for postponing the session to give confidence to Allawi's government


Badr bloc reveals the reasons for postponing the session to give confidence to Allawi's government
Today, Friday, the Badr Parliamentary Bloc revealed the reasons for postponing the session of granting confidence to the government of Prime Minister-designate Muhammad Tawfiq Allawi, while confirming the existence of parliamentary efforts to pass the government in the Saturday session.
The head of the bloc, Hassan Shaker Odeh, said in a statement to the Iraqi News Agency "conscious" that "the House of Representatives had the ability to vote to give confidence to the Prime Minister-designate and his ministerial cabinet, but was postponed for a number of reasons, the most important of which is the political blocs' keenness to involve all components in the government."
He pointed out that "the political blocs gave the president in charge the time to open the door for dialogue to reach satisfactory results."Odeh explained that "the difference of the blocs was on the mechanism of selecting the candidates in Allawi's government," noting that "some suggested that a group of names be nominated with an independent title, and the choice be made to the designated president."
He added that "the interim government does not need a prolonged government program inasmuch as the focus is on the importance of the files, including the stability of the country, preparing for early elections and restoring the prestige of the state.

Parties and parliamentary blocs shake off Allawi, with the exception of Muqtada al-Sadr

link
BAGHDAD - Iraqi Prime Minister-designate Muhammad Tawfiq Allawi fell into his first public test on Thursday, when he failed to motivate parliament to convene to give his government confidence, despite the deadline for him to form the new cabinet entering the danger zone he was threatening to overthrow, even before it saw the light.
And the "Arabs" expected in reports published during the past few days, that Allawi will face many obstacles, and may not succeed in passing his government, which he tried to design with sizes that are not familiar to Iraqi political parties, although he did not gain the confidence of the Iraqi demonstrators stationed in The streets five months ago, which they described as a continuation of the sectarian quotas approach.
And it turned out that the political parties that support Allawi and try to pass his government are not large, but are actually limited to one team led by Shiite cleric Moqtada Al-Sadr.
With the exception of the representatives of Sadr’s Sa’aroun bloc, the hall dedicated to hosting the session of granting confidence on Thursday was almost empty of anybody, after the opposition front extended to Allawi, to include parties that were supporting him only 24 hours ago, such as the Arab Project led by Khamis al-Khanjar and the Badr bloc led by Hadi al-Amiri.
Deputy Speaker of Parliament Hassan Al-Kaabi, who belongs to the “Saeroun” bloc, tried to blame the speaker of parliament, Muhammad Al-Halbousi, for not having convened the session, but the fact that Al-Halbousi was just one party, from many parties, expressed strong reluctance to pass Allawi’s government.
Although the new date for the session appears close to it, which is Saturday, the guarantees for its convening and consequently the vote on the new cabinet appear to be lacking so far, in light of the Sunni and Kurdish rejection of it, along with a large part of the Shiite forces.
Representatives belonging to the Union of Forces bloc, headed by Halbousi himself, distributed a statement after the failure to hold the confidence-giving session, titled "Statement of the Biggest Block".
The statement, which was seen by the correspondent of “Al-Arab” in Baghdad, stated that “after the complexity of the political scene and the failure of the Prime Minister to provide a cabinet booth that enjoys the confidence of the representatives of the Iraqi people in the House of Representatives and provide a government program that frustrates the hopes of peaceful demonstrators, the will of a group of political blocs represented For all components of Iraqi society and along the geographical area of the country to declare that it is the most numerous bloc that meets the aspirations and hopes of the demonstration tour, in order to take it upon themselves to present a candidate for the presidency of the Council of Ministers for a transitional period that defines its duration and mission in the letter of assignment.
The forces that drafted the statement added that they would "later send a book in the name of the candidate to His Excellency the President of the Republic, in implementation of the merit of Article 76 of the Iraqi constitution."
The wording of the statement suggests that the matter is not related to the meeting, but rather the origin of Allawi's nomination for the task of forming the new government, which indicates that the person in charge has fallen permanently, and an alternative candidate may be agreed upon.
This reading is based on the fact that the 30-day deadline granted by the constitution to the taxpayer to form his government will end by next Sunday, which means that the Sadr bloc has a single opportunity, which is to hold the session on Saturday and mobilize the necessary number to pass Allawi’s government, a possibility that has become extremely difficult to achieve Currently.
Referring to the vanishing of Allawi's chances, the deputy of the Saaroun Rasmi Sukaini bloc said, "The electoral entitlement is the other side of the party quota," considering that what happened in Parliament on Thursday is "an attempt to break the wills and disregard for all the sacrifices that have fallen," in reference to Sunni and Kurdish parties and most Shiites stick to their stakes in the prospective government.
Without naming these parties, Al-Sukaini said, "They do not want the government to be independent and no one will nominate them ... They fear the revolutionaries and inhale their last breath and only want an acquisition and sharing government."
Immediately after the battle of Thursday ended in favor of Allawi's objectors, a new round of consultations began between representatives of the Shiite and Kurdish parties to reach a stable formula, which included the formation of a new government, which might exclude the Halbousi bloc, if it insisted on its demands.

CBI, ISX,Dinar Guru:
 
CBI Update:
 
Click on the link above for the latest update.

The CBI is closed on Friday and Saturday
The currency auction total sales amount $ N/A.   
ISX Update:   At my last checking 
 no activity on Fridays
Shares Traded:  
Value Traded: 

Dinar Guru Chatter:

2-28-2020   Intel Guru Frank26  ...everything is ready to go.  All you need is the rate.   Because the rate change has to come before or with the budget.  It's that simple...
2-27-2020   Newshound Guru Pimpy  ...I keep saying the rate's gonna come out about $1.34.  I get that people are gonna try to make an argument for $3.20.  I could tell you right now that the government of Iraq wants $3.20.  They make a good argument for it...when it comes to the oil nations there's only like 3 countries that are less than I think $1.35.  Most of them are all over $1.  So yeah there's good reason to believe this but the point is what does Iraq have to support the rate? ...Iraq has to come out at the sweet spot or else it's really gonna kill them...

2-27-2020   Newshound Guru Jeff   ...When the rate change occurs the US financial markets are gonna spike up, jump and dance.  The markets were already too high.  They were risking inflation so they had to bring the markets back down as a correction by the excuse of the Caronavirus so when the rate changes it can shoot back up to where they just came from...

2-27-2020   Intel Guru RayRen98   The vote for Allawi's cabinet has been postponed...one report indicates Sunday and one report indicates Saturday for reconvening to vote. Iraqi TV is showing a small representation of Parliament members at Thursday's session.  Citizens are angry and took to the streets burning tires and throwing rocks through windows.  Reportedly, a quorum was not established due to threats from Sadr's ministers not appearing at the session.  A source reports that 4:00 Eastern today is targeted to possibly reconvene Parliament for a vote. Time Will Tell.

2-27-2020   Intel Guru Footforward26   The vote to confirm Allawi's government looks to have been pushed back to Saturday. Doesn't phase me one bit. Keep praying. This will happen. Of course this is just my opinion and not financial advice.

2-27-2020   Intel Guru Frank26   This past Monday they pushed the button on the 30 day countdown of the formation and announcement and the introduction of the budget and the introduction of the new rate all within that 30 day time-frame.  This is all IMO.  I don't know...I wanna say I feel I'm 99% positive about this but I have to be polite and say this is all my opinion because it's not like I can show you...because I can't...

2-27-2020   Newshound/Intel Guru Mnt Goat   Article:  "THE ARRIVAL OF THE 2020 BUDGET IN PARLIAMENT AFTER TWO WEEKS"  Quote:  "THE MINISTRIES OF FINANCE AND PLANNING WILL SET THE BROAD LINES OF THE BUDGET BEFORE SENDING IT TO PARLIAMENT FOR A VOTE."  Sounds to me they have not yet spent any money from the budget so far for 2020.

2-27-2020   Intel Guru MarkZ   All eyes are watching with expectation today…I will be watching this afternoon closely…  I am hearing great things. Nobody knows the exact date…all we can do is speculate based on what we are told from bankers and contacts and world news and events... March is a very popular months for revaluations…do some research…many revaluations have happened in March.

2-27-2020   Intel Guru Frank26  ...we have a cloud of smoke from the excitement from the explosion IMO of them actually pushing a button...it's not dark humor.  It's not science fiction.  It's not a comedy.  It's all great.  The Prime Minister twice talked to the citizens of Iraq about the exchange rate for the improvement of their economy.  Twice he's talked about the exchange rate.  He also talked to them about the vote.  And yeah they're gonna have the vote and he gave the reason why there won't be one today [Wednesday].  It looks like Thursday.  Tomorrow hopefully they get it all done.  That's really not important.  It's really not.  IMO the government has been functioning with no problem for quite a while...

2-27-2020   Newshound Guru Pimpy   ...Dr. Shabibi wrote an article complaining that the  monetary policies that the CBI is under from the IMF and World Bank helps keep inflation low but it really chokes off their ability to grow economically.  He's the one pushing for a rate change...

2-27-2020   Newshound Guru MilitiaMan   Article:  "The central bank clarifies the administrative framework for financing imports and the mechanism for selling foreign currencies"  Quote: "It also clarifies the process of collecting and sterilizing the local currency considering that this bank represents the monetary authority in Iraq."   The act of sterilizing the local currency is a practice by major global players. It appears the CBI is preparing or is now prepared to defend their currency in world markets.. Something that the CBI has now been told to the world that they are now obliged to play by the IMF Rules.. imo.. Very good indeed imo.   [Investopedia:   Sterilization is a form of monetary action in which a central bank seeks to limit the effect of inflows and outflows of capital on the money supply. Sterilization most frequently involves the purchase or sale of financial assets by a central bank, and is designed to offset the effect of foreign exchange intervention.]2-28-2020   


Catnip's Corner:
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ARTICLE 1 (from PM Mahdi's website)

At the time this report was submitted, there are no new articles posted on PM Mahdi's website.

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ARTICLE 2 (from Government of Iraq twitter account)

Watch this video about ‘Iraq Gate’ a modern housing complex in Baghdad. The @IraqiGovt encourages private investment in the housing sector and makes available discounted mortgages and loans to support Iraqis have a decent home #InvestIraq

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ARTICLE 3

The House of Representatives fixes the date of its next session

27/27/2020 18:14 
Baghdad

The Council of Representatives has set the date for its next session to vote on granting confidence to the government of Prime Minister-designate Muhammad Tawfiq Allawi,

As the Media Department of the House of Representatives announced that the next session will be held next Saturday,
Today, Thursday, the House of Representatives failed to hold its session to vote on the booths of the new government due to the lack of a quorum.

Where sources stated that the reason for the lack of a quorum is the presence of differences between some blocks on the cabin of Allawi
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ARTICLE 4

A leader in Al-Hikma stream, surprising at the imbalance of the component representation in Allawi's group

27/2/2020 19:30 
A member of the political bureau in the al-Hikma movement, Fadi al-Shammari, saw that there is an imbalance in the composition of the components in the lineup of Prime Minister Tawfiq Allawi.

Al-Shammari said in a tweet on Twitter that "there is an imbalance in the composition of the components in the Allawi formation," explaining, "Shiites express a comfortable majority in the population and the number of members of the House of Representatives is met by a minority of the text minus one in the composition of the government formation."

"I am not sectarian, but I am surprised by the selection criteria:
Shiites 9 ministries
Year 8 ministries
The Kurds 3 ministries
Minorities 1.

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ARTICLE 5

Defense Minister Abdul-Mahdi calls on Allawi to choose a candidate for the ministry from its people

27/27/2020 17:50 
Baghdad

In a video clip, the Minister of Defense in the government of Adel Abdul-Mahdi demanded Najah al-Shammari, in a video clip, demanding the President-designate Muhammad Tawfiq Allawi to choose a candidate for the Ministry of Defense from the womb of the ministry,

Al-Shammari said in his speech, "I am from a resigned government and I do not seek a position or benefit except for the public good, and I am keen on the Ministry of Defense and the permanence of supporting the army until it becomes a professional army capable of protecting Iraq and its people."

He added, "In honor of the sacrifices of the martyrs and the wounded, the fighters are commanders, two orders, officers and ranks. I consider it more appropriate that he be a candidate to take over the defense portfolio from the womb of the ministry."
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ARTICLE 6

Away from doctors and medications ... simple treatments to relieve joint pain

2/26/2020 11:09 
[Follow-up]

Arthritis usually causes pain, swelling and inflammation, and while there are 100 different types of arthritis, arthrosis is the most common, in which case the layer of cartilage that lines the bones deteriorates, causing swelling, stiffness and pain.

Without excluding medical treatments, home remedies along with a lifestyle change can help reduce symptoms and disease progression.

In this report, we offer six effective home remedies that will help alleviate the symptoms of this disease, according to the website "Brightside".

1- Weight Control: The Arthritis Foundation indicated that every kilogram of body weight strikes in three, and this affects its knees and six on the hips. As a result, the additional pressure on the joints causes cartilage erosion, which increases the symptoms of arthritis, therefore, Weight control helps relieve pressure on joints and reduce stiffness and soreness.

2- Massage: A scientific study published in 2013 to examine the health benefits of massage on a group of people with arthritis, and in the context of this study, half of the participants received a light massage while the other half got a moderate massage.

Four weeks later, the second group, who had a moderate massage, felt less pain at the level of the affected joints, as well as greater freedom of movement and more power to control their movements. The Arthritis Foundation explained that the massage reduces the production of the hormone cortisol associated with stress and the transmission of pain signals in the brain, in addition, the massage increases the production of Serotonin, which helps to improve the mood, so it is advised to massage the affected joints and muscles regularly, because doing so helps to Reducing pain caused by arthritis.

3- Consuming omega-3 fatty acids: The site reported that a recent scientific review indicated that omega-3 fatty acids help reduce inflammation in the body and regulate the immune system, which contributes to relieving arthritis pain.

These acids are responsible for other important functions in the body, as they work to promote metabolism and burn fat, which leads to weight loss, and this reduces pressure on the affected joints, and reduces pain significantly, and fatty acids are found in nuts and fish such as tuna Sardines and salmon.

4- Meditation: The site indicated that meditation is considered very useful to reduce stress in people with chronic diseases such as arthritis, and one study has shown that people who meditate have succeeded in improving the quality of their lives by reducing pain in the affected joints, and reducing the stiffness that they feel Doing it in the morning, relieving inflammation pain.

In addition, meditation helps people overcome illness and maintain an active social life, as meditation greatly contributes to getting rid of depression, which often accompanies this type of disease, as it is possible to practice 10 minutes of meditation daily until it reaches 45 Accurate, or as often as necessary.

5- Vitamin D intake: The site showed that a scientific review published in 2016 demonstrated that people with arthritis have low levels of vitamin D. This vitamin is important for strengthening bones and strengthening the immune system.

Therefore, the lack of this vitamin makes people more vulnerable to increased symptoms of this disease, the body can absorb this vitamin when exposed to sunlight, or by eating foods that contain it (such as fish, dairy products, egg yolks, avocados, and mushrooms), Or by taking nutritional supplements available in pharmacies.

However, it is not clear whether a higher level of this vitamin reduces disease activity, and in any case it is better to maintain a normal level of vitamin D in the body.

6- Get some sunlight every day: With regard to what was mentioned in the previous point, exposure to sunlight is one of the most important ways that help the body to obtain vitamin D.

If you suffer from arthritis, it is necessary to be exposed to the sun for a few minutes a day, and be careful not to expose the skin to burns.
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