Friday, April 3, 2020

WOTS THURS APR 2 2020

WOTS THURS APR 2 2020

The Markets:
Numbers record at 4:47 am Cali Time
Asian markets closed mixed 

NIK  down  1.37 %    HSC closed in the green    .84 %   and SHANG  closed in the green    1.69%

our futures are all in the green  currently
Dow at 21111 up 1.79%     SNP  green 1.66%   NDX   green 1.34%

uk markets are currently trading in the green but not even at 1 % 
 
PRecious MEtals:

Gold  green at 1592    Silver green at 14.31  Copper green at 218   Platinum green at 724

oil has taken a sharp rise  overnight around 27 dollars currently

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1166.4000  1221.4000 1192.7000 1192.7000 1192.7000  0.5000 06:06
 USD/VND  23230.4700  23963.1500 23570.6400 23570.6400 23570.6400  -40.9400 06:06
 USD/CNY  7.0950  7.0972 7.1056 7.0951 7.0992  -0.0039 06:10
 USD/KWD  0.3117  0.3127 0.3134 0.3122 0.3134  -0.0014 06:34
 GBP/USD  1.2436  1.2438 1.2474 1.2366 1.2366  0.0070 06:36
 USD/IRR  0.0000  0.0000 42097.5000 42097.5000 42097.5000  97.5000 00:00
 USD/IDR  16613.0000  16645.0000 16881.0000 16405.0000 16742.0000  -123.0000 06:33

Things in the News:


sites helpful for the stimulus:


IRaqi Articles:

Central Bank: We will continue to auction the currency to support trade and import food

Today, Wednesday, the Central Bank of Iraq called private banks and exchange firms to take a responsible role in light of the current stage, indicating its continued monetary and financial policy.
A statement seen by Yassin Iraq said, "The efforts of the various institutions in our country to fight the Corona epidemic and get out peacefully from this crisis join together," calling on "banks, exchange companies and electronic payment companies to take their responsible role at this stage."
He added, "Although the curfew has affected the activities and actions of all official institutions, including the Central Bank of Iraq, we have taken the initiative to employ our cadres in order to sustain the payment of salaries and finance of food, agricultural, medical and all necessary materials," stressing that "there is no change in its policy in financing Trade and imports, which will resume after the ban is fully lifted.
With regard to the next stage, the statement stated that “the bank will begin to enhance bank balances abroad through the foreign currency sale window, according to a schedule of working days and according to the requirements of the situation, and that is to be reported first, for the purposes of financing the credits of importing foodstuffs, agricultural supplies, medical materials and goods necessary for the country and citizens.” 

Central Bank: We will begin to enhance bank balances abroad through the foreign currency sale window

The central bank announced, on Wednesday, that it will begin to enhance bank balances abroad through the sale of foreign currency, pointing out that there has been no change in its policy in financing trade and imports, which will be resumed after the ban is completely lifted.
The bank said in a statement received / information /, that "the efforts of the various institutions in our country come together to combat the Corona epidemic and come out safely from this crisis, so we invite banks, exchange companies and electronic payment companies to take their responsible role at this stage."
He added, "The curfew has affected the activities and actions of all official institutions, including the Central Bank of Iraq. We have taken the initiative to employ our cadres in order to sustain the payment of salaries and finance of food, agricultural, medical and all necessary materials."
He stressed, "There is no change in its policy in financing trade and imports, which will resume after the ban has been completely lifted. As for the current stage, the bank will begin to enhance the bank balances abroad through the foreign currency sale window according to a schedule of working days and according to the requirements of the situation and this is reported. Going first, for the purposes of financing the import credits of foodstuffs, agricultural supplies, medical materials and goods necessary for the country and citizens.

The Iraqi dinar collapses against the dollar and urgent demands to rectify the matter .. What is the role of the Central Bank?

The popular and economic circles in Iraq panicked today, Wednesday, because of the record high dollar in front of the Iraqi dinar, as it reached in some areas to 126 thousand dinars against the 100 Iraqi dollars, while questions were raised about the role of the central bank in that.
And the local media reported, the high dollar exchange rate against the Iraqi dinar, while some regions recorded 126 thousand dinars in front of a class of 100 US dollars, after it was 123 thousand dinars, when the markets opened.
Media outlets reported that "the rise in the price of the dollar is due to the crisis in the spread of corona and the closure of the central bank."
Security and political expert Fadel Abu Ragheef wrote, in a tweet monitored by "Yassin Iraq" that "the Iraqi dinar"
Begins with the deterioration of the dollar's rise, "considering that" the security, social and living situation is linked to the economic situation, and the central bank must act immediately and urgently to pump more dollars to control the rise of the reprehensible dollar. "
He emphasized that "the poor are the first to be affected by the Iraqi dinar, the matter should be dealt with immediately."
this is the tweet translated
Iraqi dinarThe central bank must immediately and urgently inject more dollars to control the rise of the abominable dollar, the poor first will be affected by the fall of the Iraqi dinar, the matter should be addressed Right now.

Sources emphasized that "the central bank was pumping large amounts of dollars daily, but it is not as usual and because of the Corona virus crisis it reduced pumping, as the government allowed banking shops to open for two days a week and only very specific times in some regions, which raised the exchange rate of the dollar."
The "balance" must continue
For his part, the economic expert, Amer Al-Jawahery, revealed the reason for the high exchange rates of the dollar against the dinar, while stressing the need for the central bank to continue pumping more dollars to the market, and for fear of the weak incoming from the dollar to the bank due to the low oil prices.
Al-Jawahiri affirmed in an interview with “Yas Iraq” that the central bank should continue to pump the dollar to the market and maintain this balance. Difficult to the country, but there is stock and I am afraid of this step. ”
And Al-Jawahiri said that "one of the reasons for the dollar's rise is the widespread fear in the country of the economic crisis, as well as the transfer of some of its money out of the country by the dollar."

 The coming disaster in bankruptcy of Iraq
link 
They depleted the Iraqi financial treasury to pour into the Iranian arteries, and give it the elixir of life and permanence, in the face of the deadly storms that Iran faces, as it heals bankruptcy and the collapse of the system. The influx of billions of dollars comes to stop the deterioration and bankruptcy of the Khamenei regime.
At the expense of disrupting the Iraqi machine and making it dependent on Iran, and making Iraq a local market to Iran that exports its goods, and even the weak, consumed and tired electrical energy, Iraq buys in billions of dollars annually. In recruiting Iraq financial energies to serve Iran. Even the money obtained from the border outlets and ports, Iran obtains it with the lion's share of the money.
And deprives Iraq of it and who, thus, they made the Iraqi state a thousand punished, paralyzed and idle in providing all basic services to the citizen, including medical and health services in their miserable and scarce state. The case of the tragic hospitals is deplorable. Because all the money that was allocated alongside the medical and health services was looted, stolen and vowed between corruption and the corrupt, during the booming oil prices globally until the price of a barrel of oil reached 80 dollars, so how is Iraq when the price of a barrel is sold less than 20 dollars, and within this terrifying climate in the spread Corona Virus .
The government and the Ministry of Health are totally unable to take action to combat the Corona virus and protect citizens from the risk of infection and death. The Minister of Health has stated that he requested the government and the Ministry of Finance a small amount of $ 156 million to purchase the equipment needed to combat the Corona virus. But the government did not respond to a request, and it cannot provide it.
Therefore, he made a humanitarian appeal to the financially empowered groups to seek financial assistance and assistance, before the Ministry of Health inflicted disability and failure to face the dangers of the epidemic, which is spreading alarmingly among the citizens.
But he did not receive from this appeal and the humanitarian call, except for a very simple amount, while the governments of the world are pumping billions of dollars in the medical and health aspect in the face of the dangerous and deadly epidemic.
The situation in Iraq is heading for a serious deterioration, within the severe and serious crisis in the decline in oil prices. So that the monthly financial deficit for Iraq, as a result of this serious setback, becomes more than two billion dollars per month. And so that he can not walk only to pay the salaries of workers, employees and retirees, even if he cut salaries by half.
As long as the Iranian ghoul is on the lookout for Iraq’s money even in its scarce state, because Iraqi money is the elixir of life to the Iranian regime. Without this lifeline, he will inevitably face bankruptcy. Therefore, militias affiliated with Iran are active in pumping money because its fate is linked to the fate of the Iranian regime. If we take into consideration that the International Monetary Fund refused to lend to Iraq a financial loan even on an unfair condition, under the pretext that Iraq was going to bankruptcy and could not pay the burdensome debt on it. This catastrophe that brought Iraq to it. From the rule of the religious and sectarian parties. Iraq is on the verge of a real catastrophe not seen before.

US official: We have intelligence information about an Iran-backed attack on our forces in IraQ
link  
A US official confirmed to Reuters on Wednesday that American intelligence information about a possible Iranian-backed attack on American forces and installations in Iraq.
And it indicates that it will be a denial attack, not like the missile attack launched by Tehran in Iraq in January.
The official, who asked not to be named, added that US intelligence has been tracking leads for a while about a possible attack by Iran or Iranian-backed forces.
The official did not disclose information about the exact timing of the attack or its targets.
On Wednesday, US President Donald Trump warned Iran against paying a heavy price if American forces attacked Iraq.
Trump tweeted on Wednesday: “Information and facts confirm that Iran or its proxies are planning a surprise attack on American forces and / or facilities in Iraq. If that happens, Iran will pay a very heavy price!

Legal: If Parliament does not give confidence to al-Zrafi, the powers of the Prime Minister will go to the President of the Republic

Legal: If Parliament does not give confidence to Al-Zrafi, the powers of the Prime Minister will go to the President of the Republic,
Baghdad / Al- Akhbariya :
Legal expert, Ali Al-Tamimi, confirmed on Wednesday that the failure of the Prime Minister-designate Adnan Al-Zorfi will lead to the transfer of the government's powers to President of the Republic Barham Saleh directly.
Al-Tamimi said in a statement to "Al-Akhbariya" that "the text of the fifth paragraph of Article 76 of the Constitution stipulates that the President of the Republic be assigned another candidate when the Ministry does not gain confidence ... and before the President of the Republic made this assignment, which is the last in Article 76, the Federal Court sought the opinion of its opinion Concerning the largest bloc, does he adhere to the commissioning of its candidates, or is it free and unrestricted, and the Federal Court answered him by decision 29 of 2020 that he is free to choose and is not obligated to choose from the largest bloc, and that was done by any president of the republic by choosing the al-Zrafi who remained for him from the 30-day period granted to him by choosing the cabinet and preparing Curriculum a Ministerial 15 days. "
He added, "If Zarfi does not succeed in his 30-year mission or if the parliament does not give him confidence here, matters will go to Article 81 of the Constitution where the administration of the Council of Ministers moves to the President of the Republic in addition to his duties as President of the Republic and he has here according to this Article to assign another candidate, which is the opportunity beyond An opportunity where if this taxpayer fails to succeed, the President of the Republic will have the right to dissolve Parliament in accordance with Article 64 of the Constitution because he has combined the capacity of the President of the Republic and the ministers together. "
He continued, "The President of the Republic cannot withdraw the mandate from Adnan Al-Zarfi, but the constitution requires that the 30-day period granted to him be spent by choosing the cabinet, and if it does not succeed or the parliament only gives him confidence, we can say that Al-Zarfi failed."  

and I think I forgot to send this one earlier

Zain Cash launches the electronic wallet filling service through the two international MasterCard and Visa cards


ZainCash is distinguished again by launching the first service of its kind in Iraq in the field of electronic financial transactions, as it launched the service of filling its electronic portfolio through any Master Card or Visa Card with ease, speed and safety.
 
This service will allow all card holders and account holders in banks the ability to perform many important digital services such as transferring money, paying bills and charging the balance in addition to providing them with the opportunity to purchase many international electronic cards such as Google Play, iTunes, Playstation and many others, and Zain Cash users will be able to From filling their portfolios starting from 250 dinars and up to a maximum of 500,000 dinars per movement with a free commission through the application at any time and any place without the need to make time and effort to go to the agent to deposit funds using any of the cards mentioned.
 
The launch of this service coincides with the continued spread of the Corona virus at the global and local levels, as Zain Cash strives to facilitate the financial dealings of citizens and a commitment to stay in their homes to preserve their health, as this service provides the mobilization of the wallet without the need to leave the house or make any effort in movement and Encouraging the use of an electronic wallet instead of cash to prevent infection.
 
The CEO of Zain Cash Iraq, Yazan Al-Tamimi, expressed his overwhelming happiness to launch this service that charts the beginning of a new stage in financial connectivity between banks and digital financial portfolios and keep pace with the development in the world of digital transactions and provide all advanced electronic financial services so that our valued customers in all governorates of Iraq will have the best experience Al-Tamimi added that this service is expected to attract many individuals and companies who are eagerly and eagerly awaiting this service for the time and effort it will save them, especially in the current period.
 
** Zain Cash from Zain is the electronic wallet that provides customers with the opportunity to convert cash into electronic money, which allows them to facilitate and electronic payments, when transferring money or paying bills, cash transactions, digital purchases and many other benefits and services, all through Mobile phone device. 

CBI, ISX,Dinar Guru:
 
CBI Update:   IT SEEMS the CLOSURES have BEEN Extended WE SHALL SEE
 
Click on the link above for the latest update.

The CBI for rate is.

The currency auction total sales amount $ 0. No Auction today
   
ISX Update:   At my last checking 
Failure to organize trading sessions 17 / 3-2020 / 3/23
it's a  document in Arabic but these are the words
Iraq Stock Exchange Iraq market for ur number: Date: \ Û·/Û±Û¹ / C To the Securities Commission What is the lack of organization of trading sessions 3/17 - 3/23/2020
We give you our best regards.  .  . 
Based on the decisions of the Health Crisis Cell dated 3/15/2020. 
The Board of Governors decided not to organize trading sessions and stop trading activity in securities as of Tuesday 3/17/2020 to enable brokerage firms and investors to complete financial settlements between them and the clearing bank until Monday.  3/23/2020 The trading session after suspension is organized on Tuesday 3/23/2020 according to instructions and rules with appreciation   CURFEW EXTENDED to APRIL 11th
Taha Ahmed Abdel Salam Duran Soran
Shares Traded: N/A
Value Traded: N/A

Dinar Guru Chatter: http://www.dinarguru.com

4-2-2020   Intel Guru Bruce   [via WiserNow]   I am excited about the month of April – we are going to see a lot of things happen and I think it is a very good time for us...Here we are about to start a whole new quarter a whole new month and we’ve got another 30 days to more or less stay at home – remain in place – and it could be interesting to see what it’s going to do for us – we are not going to be inhibited by our redemptions – so don’t worry about that - doesn’t mean you can’t go to the bank or redemption center – of course they are allowing for that – so don’t worry about that at all...I can tell you is we are supposed to be in a crescendo in the next 48 hours and that started at 10 am Tuesday -  the next 48 hrs should prove to be a crescendo for us...I did hear some rates yesterday and they were higher than what we had anticipated on dinar and dong should be running right alongside – maybe not the same as but not too far from the dinar...
4-1-2020   Newshound Guru MilitiaMan    The collectivism of all this data out now is not for just any old reason, imo.   ...The timing of this at this juncture paints a vivid picture in my mind. It paints a major power play into view. Iraq has no where but up to go from here!!!. imo.   ...We know CBI Gov. Alak has openly stated he was not going to devalue the IQD. It goes against all of that that has been done to...date to keep the IQD stable and steady. ...Iraq can't borrow any money from the looks of it lately from anyone. But, if they have the ability to get into the secondary markets with their currency and their stock exchange, they can use those mediums to get dollars into the future. So not only could this be about Iraq going international in secondary markets terms, the FIMA just may be the mechanism to facilitate them to do so through the US FED.. Thereby, Iraq will need to reinstate their currency to do so.  Which will support other currencies around the world. imo

4-1-2020   Intel Guru MarkZ 
    Its been very quiet…I’m talking to my sources…they are still there…just no news as this things plays out. Bankers are weathering this wait….they are in place…hanging out at the banks but news is slim. My contacts at Redemption Centers say there is a skeleton crew there…just keeping the lights on.

4-1-2020   Newshound Guru Adam Montana    ...It's April first, which means you can expect some pranks today... all from 6 feet away, of course!  ...There will be no RV pranks in this Weekly update...The world is being shaken up like never before. There has never been a better time to watch things - unprecedented things - unfold right in front of us... Many thought the Stimulus bill passing like that just could not happen, just like many would deny the possibility of the Iraqi Dinar increasing in value.  It's not just a "possibility". This is something that is going to happen.  ...Keep your heads up, stay safe, wash your hands, and GOOOO RRRVVVV!!!!

4-1-2020   Newshound Guru chattels   Article quote:  "As Iraq's Prime Minister-designate Adnan al-Zurfi struggles to secure adequate parliamentary votes for his candidacy, Iraqi political parties are uncertain about whether they should support him, find a new candidate or even keep caretaker Prime Minister Adel Abdul Mahdi in office."   General elections are currently scheduled for 2022, but protesters have demanded they be held this year.

4-1-2020   Newshound Guru Jeff   ...It's very quiet right now...we're definitely at the end...here's the ultimate step we needed to see.  We needed to see Iraq shut down their financial markets.  Stop the auctions and stop the ISX...They're resuming it on April 12th...we don't want to see the ISX extended past April 11th.  We want the ISX to come back online on April 12th...everything is where it needs to be...

4-1-2020  Newshound/Intel Guru Mnt Goat   There are lots of articles out there about many options and suggestions as to how Iraq intends to deal with the down turn in the oil revenues. These are ONLY suggestions...Take this all with a grain of salt. Nothing will be done until the new PM is ratified. They can not proceed without him/her and so the pressure is on.

4-1-2020   Newshound Guru Pimpy   ...these people in parliament we all know they're corrupt...we know there's been a huge crackdown on this.  Guess what?  Trump's now supporting this guy [Zafari] and he wants him to put in the government that they are going to support...this is the kind of movement we want to see...Trump's not playing around anymore.  He's already forming his next agenda and what he's gonna do over there in Iraq and he's implementing it right away.  These guys should have their government formed voted on and implemented somewhere between the middle and the end of April.  It's funny how all of these things are happening right around April...this is some good news.  This is exciting...all this pertains to what's gonna happen to the dinar.  We really want this country to really get stable...I think you're gonna see a lot of action happen here between now and the end of this next month...

4-1-2020   Intel Guru Frank26  ...the same reserves that they use to support their currency exchange rate is what they are talking about tapping into now.  The IMF is not going allow that.  Why Because the IMF wants them to raise the value of their currency and they need those reserves in order to raise the value of their currency...the only move is to exhale and raise the value of the currency...they need to jump into the international market with their own currency, with their own value. 



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

Decisions of the National Health and Safety Committee to combat the Corona pandemic 

The Supreme Committee for Health and National Safety to combat the Corona pandemic held its second session, this evening, Wednesday, under the chairmanship of Prime Minister Adel Abdul-Mahdi.

In its second session, the Supreme Committee issued several decisions, the most important of which are:

1- Providing health, curative and preventive services in the face of the epidemic, and excluding medications, medical supplies and devices, and diagnostic and laboratory equipment from the conditions of the import license.
2- Postpone the collection of all customs duties for the mentioned materials if the importer is the Ministry of Agriculture or the provincial health departments and any government agency, and the Ministry of Health is empowered to issue import approvals except for the controls, approvals and other facilities.
3- Granting the Minister of Health the authority to conduct financial transfers from exchange units with the approval of the Minister of Finance in accordance with the law,
Besides the power to conclude contracts for medicines and medical supplies.
4- Transferring the amount of fifty million dollars to the General Company for Marketing Medicines and Medical Supplies for direct purchase.
5- Excluding supply contracts
Medicines, medical supplies and devices, and diagnostic and laboratory tools
From the instructions for implementing government contracts in the current circumstance.

6- Forming a committee headed by the Prime Minister’s Economic Adviser to prepare a study of the market’s need for food, medical and agricultural materials with an interest in the national product.
7- Facilitating the transit of trucks, lorries and refrigerators for food, agricultural, health and veterinary materials between governorates and within cities, and returning them after unloading cargo.
8- Monitor and control prices, ensure that their prices do not rise, and hold violators accountable according to the law.
9- Facilitating the task of transporting agricultural harvesters and transporting sheep and livestock between the governorates.

10 - Approval of an application related to the mechanism for burial of deaths in the Corona epidemic, according to health and regulatory conditions and controls.
Forming a committee in the General Secretariat of the Council of Ministers to study the support of workers in the private sector.

11- Forming a committee headed by the Minister of Planning to deal with the repercussions of the financial and health crisis on citizens, and to consider providing financial sums to the affected citizens, workers in the private sector, those whose wages are with limited income.

The Supreme Committee considered setting a day for solidarity and to support the national effort in facing the Corona epidemic and the attitudes that embodied the spirit of unity and solidarity between its various children and from all its spectra, and as an expression of solidarity with the families of the injured and the dead, during which sirens will be sounded throughout Iraq, and the national peace be played in all means Iraqi audio-visual media and all other means,
We learned of the human and national sacrifices and attitudes during this crisis.

The Supreme Committee had issued at its first meeting early this week several decisions, the most important of which are:
First / Excluding the food, agricultural, medical and health materials allowed to be imported from the import license in accordance with fundamental conditions, controls and instructions.

Second / Grant government and private sector laboratories producing chlorine materials, sterilizers, masks, intravenous solutions and preventive needs to combat Corona virus, the facilities needed to operate and market their products from the relevant authorities in accordance with medical and scientific specifications and Ministry of Health and Environment instructions, and agree to enter chlorine from border entry points.

Third / Opening a controlling headquarters at the operations command for the purpose of facilitating the transfer of employees or the mechanisms needed by every ministry or entity not related to a ministry.
Fourth / Mandating the Diwaniyah Commission 55 to open a special donation window for preventive medical devices and supplies needed by the current health condition from health experts and to announce those needs.
Fifth / To instruct the General Secretariat of the Council of Ministers and the Council of Advisors to determine the places suitable for quarantine, in cooperation with ministries and governorates.

Sixth: Establishing health check-up centers in all airports and border outlets, according to specifications and standards approved by the Ministry of Health and Environment and the competent authorities worldwide to provide inspection devices.

Media office of the Prime Minister
1-April-2020

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

Prime Minister Adel Abdul-Mahdi receives Parliament Speaker Muhammad Al-Halbousi and his first deputy Hassan Al-Kaabi 

Prime Minister Adel Abdel-Mahdi received, on Wednesday evening, Speaker of Parliament Mr. Mohamed Al-Halbousi and First Deputy Speaker of Parliament Mr. Hassan Al-Kaabi.

During the extraordinary meeting attended by a number of ministers, they discussed strengthening integration between the legislative and executive branches, stressing the importance of the parliament’s support for the government's efforts and covering its needs for legislative matters, supporting its actions in the face of the Corona epidemic, discussing the economic situation and taking measures that reassure citizens, regarding salaries, wages, pensions, and support People with low incomes, and keenness to provide basic needs and foodstuffs, in addition to securing the necessary financial allocations for the Ministry of Health and the crisis cell.

Media office of the Prime Minister
1-April-2020

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

The Council of Ministers held its regular session today, Wednesday, 1 April 2020, via closed-circuit television, headed by Deputy Prime Minister and Minister of Oil Mr. Thamer Al-Ghadban, and discussed efforts to combat the Corona epidemic and the overall health, economic and service conditions.

The Council decided to issue the system of the National Defense College, which was checked by the State Council, based on the provisions of Item Three of Article (80) of the Constitution, and Article (14) of the Defense University Law for Military Studies No. (4) of 2016, taking into consideration the notes of the General Secretariat of the Council The ministers.

The Council decided that the Ministry of Agriculture donated sprinklers number (868) to the Ministry of Health, based on the provisions of Article (5 / B / 3-4) of the instructions for implementing the federal budget, and in line with Cabinet Resolution No. (74) for the year 2020, and in a way that helps it In the fight against corona virus.

The Cabinet approved the recommendation of the competent authority in the Ministry of Industry and Minerals / Industrial Development and Regulation Department regarding the protection of the mushroom food product, based on the provisions of Article (14 / second) of the Iraqi Product Protection Law No. (11) for the year 2010, according to the following:

1. Imposing an additional customs duty of 75% of the unit of measurement for the imported mushroom food product with a customs item (07095100) from all originators for a period of 4 years without a reduction, and observing the market of the imported imported product during the period of application of the customs duties.
2. The Ministry of Finance, the General Authority of Customs, applies the additional customs fee for the above-mentioned product, and periodically notifies the Ministry of Industry and Minerals / Industrial Development and Organization Department about the amount of Iraq’s imports of the above product and the value of the additional customs fees that are levied on the importer of the foreign product, and the value of the importer And the countries of export and importers.
3. The Ministry of Industry and Minerals shall observe the following:
a. The amount of the increase in imports compared to the previous three years to determine the extent of an unjustified increase.
B. Demonstrate the complaining company’s ability to meet the market’s need in a way that ensures no price inflation.
C. Determine the importance of protection required for the national economy.
4. The supervisory authorities shall audit the effects resulting from imposing additional customs protection on the imported product.
5. This decision is implemented 120 days after its issuance.

The Council approved the recommendation of the competent authority in the Ministry of Industry and Minerals / Department of Industrial Development and Regulation regarding the protection of a product (gypsum / construction product), according to the provisions of Article (14 Second) of the Iraqi Product Protection Law No. (11) for the year 2010, according to the following:
1. Imposing an additional customs duty at a rate of (125%) from the unit of measurement for a product (gypsum / construction product), with a customs item (25301010,25201020) from all originators for a period of two years without reducing and monitoring the market of the imported product complained about during the period of application of the additional customs duties.
2. The Ministry of Finance / Customs Authority applies the additional customs fee for the aforementioned product, and it notifies the Ministry of Industry and Minerals / Industrial Development and Organization Organization periodically about the amount of Iraq’s imports of the above product, and the value of the additional customs fees that are levied on the importer of the foreign product, The value of the importer, exporting countries and importers.
3. The Ministry of Industry and Minerals shall observe the following:
A. The amount of the increase in imports compared to the previous three years to determine the extent of an unjustified increase.
B. Demonstrate the complaining company’s ability to meet the market’s need in a way that ensures no price inflation.
C. Determine the importance of protection required for the national economy.
4. The supervisory authorities shall audit the effects resulting from imposing additional customs protection on the imported product.
5. The decision is enforced 120 days after its issuance.

Media office of the Prime Minister
1-April-2020

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

The Council of Ministers holds its regular session via closed-circuit television

The Council of Ministers held its regular session today via closed-circuit television.

In its session held under the chairmanship of Deputy Prime Minister and Minister of Oil Mr. Thamer Al-Ghadban, the Cabinet discussed efforts to combat the Corona epidemic and health, economic and service conditions, and issued several decisions that will be announced at the end of the session.

Media office of the Prime Minister
1-April-2020

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ARTICLE 2 (from Government of Iraq twitter account)

At the time this report was submitted, there are no new tweets posted on the Government of Iraq twitter account.

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ARTICLE 3

The Council of Ministers holds its meeting via closed-circuit television and adopts a number of decisions

Editing Date: 1/4/2020 18:15 • 50 times read
[Baghdad-where]

The Council of Ministers held its regular session today, Wednesday, 1 April 2020, via closed-circuit television, headed by Deputy Prime Minister and Minister of Oil Mr. Thamer Al-Ghadban, and discussed efforts to combat the Corona epidemic and the overall health, economic and service conditions.

The Council decided to issue the system of the National Defense College, which was checked by the State Council, based on the provisions of Item Three of Article (80) of the Constitution, and Article (14) of the Defense University Law for Military Studies No. (4) of 2016, taking into consideration the notes of the General Secretariat of the Council The ministers.

The Council decided that the Ministry of Agriculture donated sprinklers number (868) to the Ministry of Health, based on the provisions of Article (5 / B / 3-4) of the instructions for implementing the federal budget, and in line with Cabinet Resolution No. (74) for the year 2020, and in a way that helps it In the fight against corona virus.

The Cabinet approved the recommendation of the competent authority in the Ministry of Industry and Minerals / Industrial Development and Regulation Department regarding the protection of the mushroom food product, based on the provisions of Article (14 / second) of the Iraqi Product Protection Law No. (11) for the year 2010, according to the following:

1. Imposing an additional customs duty of 75% of the unit of measurement for the imported mushroom food product with a customs item (07095100) from all originators for a period of 4 years without a reduction, and observing the market of the imported imported product during the period of application of the customs duties.
2. The Ministry of Finance, the General Authority of Customs, applies the additional customs fee for the above-mentioned product, and periodically notifies the Ministry of Industry and Minerals / Industrial Development and Organization Department about the amount of Iraq’s imports of the above product and the value of the additional customs fees that are levied on the importer of the foreign product, and the value of the importer And the countries of export and importers.
3. The Ministry of Industry and Minerals shall observe the following:
a. The amount of the increase in imports compared to the previous three years to determine the extent of an unjustified increase.
B. Demonstrate the complaining company’s ability to meet the market’s need in a way that ensures no price inflation.
C. Determine the importance of protection required for the national economy.
4. The supervisory authorities shall audit the effects resulting from imposing additional customs protection on the imported product.
5. This decision is implemented 120 days after its issuance.

The Council approved the recommendation of the competent authority in the Ministry of Industry and Minerals / Department of Industrial Development and Regulation regarding the protection of a product (gypsum / construction product), according to the provisions of Article (14 Second) of the Iraqi Product Protection Law No. (11) for the year 2010, according to the following:
1. Imposing an additional customs duty at a rate of (125%) from the unit of measurement for a product (gypsum / construction product), with a customs item (25301010,25201020) from all originators for a period of two years without reducing and monitoring the market of the imported product complained about during the period of application of the additional customs duties.
2. The Ministry of Finance / Customs Authority applies the additional customs fee for the aforementioned product, and it notifies the Ministry of Industry and Minerals / Industrial Development and Organization Organization periodically about the amount of Iraq’s imports of the above product, and the value of the additional customs fees that are levied on the importer of the foreign product, The value of the importer, exporting countries and importers.
3. The Ministry of Industry and Minerals shall observe the following:
A. The amount of the increase in imports compared to the previous three years to determine the extent of an unjustified increase.
B. Demonstrate the complaining company’s ability to meet the market’s need in a way that ensures no price inflation.
C. Determine the importance of protection required for the national economy.
4. The supervisory authorities shall audit the effects resulting from imposing additional customs protection on the imported product.
5. The decision is enforced 120 days after its issuance.
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ARTICLE 4

Urgent An extraordinary meeting of the presidents of the government and parliament comes out with a number of decisions for the current crisis

1/4/2020 21:54
Baghdad

The extraordinary meeting ended this evening Wednesday, between the Prime Ministers and Parliament, where I came up with a number of important decisions regarding the current crisis (Corona),

The results of the meeting came with these decisions.

Providing the necessary legislative cover from the government’s legislative authority in order to take the necessary and urgent measures to face the crisis. Extraordinary meeting:

Provide the necessary financial allocations to the Ministry of Health and the Crisis Cell (Diwaniya 55 Committee) Extraordinary Meeting:

Work to provide adequate quarantine places for the injured and the urgent Extraordinary meeting:

Securing the employees ’salaries and delivering them according to the time schedules specified for each month. Extraordinary meeting: Paying attention to the segment of low-income citizens, by studying the possibility of launching a salary of two months or more for the beneficiaries of the social protection network.

The possibility of launching a salary of two months or more for civilian and military retired is considered exceptional.

Working to secure the nutritional and medicinal needs of citizens, and to communicate the daily needs of people with limited incomes through several measures that will be taken by the government. Extraordinary meeting:

Full support for the efforts of the Ministry of Health, its cadres, security forces, and all state institutions, for the exceptional effort being made to confront the crisis and its requirements

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ARTICLE 5

Al-Azhar affirms the ruling on breaking the Ramadan fast as a preventive measure against infection with the Coronavirus

1/4/2020 18:29
[Follow-up]

Al-Azhar International Center for Electronic Fatwa settled the debate about the ruling on breaking the fast in the month of Ramadan if doctors saw the necessity of keeping the mouth of the fasting person wet during the day as a preventive measure against infection with the Coronavirus.

Al-Azhar explained: "If the matter is premature, it is not permissible for a Muslim to break his fast in Ramadan unless the doctors decide and it is scientifically proven that fasting will make him vulnerable to infection and death by the Coronavirus, which is not proven scientifically until this moment."

Al-Azhar Global Center for Electronic Fatwa pointed out that: “Islam urged us to preserve and maintain the soul in all the ways in which destruction is avoided, and to prevent harm from it, including what the jurists set aside from the preventive rules in Islamic law with a rule (payment is stronger than lifting), where they decided that if possible Lifting the damage before it occurs and occurs it is first and better than raising it after falling, as this is a matter of preventive treatment.

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Wednesday, April 1, 2020

WOTS WED APR 1 2020

WOTS WED APR 1 2020

The Markets:

The Asian markets closed down  NIK  at 4.50%   HSI   at 2.19%  SHANG at .57%

The UK markets are currently down bouncing around abut 3 to 4 %

Our futures are down about 3%  at 4:20 am Cali time
DOW at 21023 3.35%  SNP  3.30%  NDX at 2.74%  
a headline is global stocks end worst Q since 2008 
Macy's is being removed from the S&P 500 Index and replaced by air conditioning company Carrier Global,  


Precious Metals:

Gold  green at 1590  Silver red at 14.05 Copper are at 216  Platinuum red at 714

oil at 21  worst quarter ever

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1186.0000  1193.0000 1193.2000 1192.5000 1193.0000  -0.9000 08:58
 USD/VND  23586.0000  23648.0000 23629.9400 23614.7800 23629.9400  -15.0700 08:58
 USD/CNY  7.1013  7.1033 7.1052 7.0804 7.0813  0.0200 09:09
 USD/KWD  0.3134  0.3139 0.3136 0.3136 0.3136  -0.0001 08:58
 GBP/USD  1.2427  1.2428 1.2438 1.2330 1.2410  0.0016 09:20
 USD/IRR  0.0000  0.0000 42097.5000 42097.5000 42097.5000  97.5000 00:00
 USD/IDR  16647.0000  16684.0000 16723.0000 16269.0000 16283.0000  389.0000 09:19

Things in the NEws:


Alabama, Massachusetts Giving Addresses of Infected to Police... AMAZON Struggles to Find Footing...
AMERICANS TURN TO PRAYER...

  

Iraqi Articles:

Iraq is moving to reconsider the policy of economic and financial

Called the Finance Committee in the House of Representatives to reconsider the economic policy of the country through the next stage and reduce dependence on oil.
Said committee member Dr. Ahmed Al-Saffar told the"morning": that "the government was intends to change the state budget of items to objectives, and should begin their application as of this year in the sectors of education, health, and then generalized to other sectors".
He added that "the current crisis made it necessary to reconsider fiscal policy economic development of the country and reduce dependence on oil as a source is one-sided in the financing of the budget".
And the beep that "the government should ease the burden of the public sector and participation by the private sector, and through the facilities and the issuance of laws and legislations that enable the private sector that also exist in all countries of the world, when he runs the majority of the agricultural sectors, industrial, health, transportation and education under the supervision and control of the government not to use
Citizens."
Warned the yolk of the conduct of Iraq in the context of risk can be through which the future is not clear and cataclysmic in the case remained dependent on oil as the primary source of financing for the budget, as prices are unstable and depend on the International Relations of supply and demand on the one hand, a commodity inexhaustible, and can be consumed all the Reserve in the ground being the share of future generations, which should behave in Then".

Parliamentary Finance reveals expanded meetings for the next 48 hours to discuss the employee salary file

Member of Parliamentary Finance Committee MP Ahmad Mazhar revealed, on Tuesday, extended meetings during the next 48 hours to discuss the employee salary file. In light of the health and economic crisis in Iraq and the world
Mazhar said to the "information", that "the financial situation in Iraq in general is difficult, especially after the repeated collapse of oil prices, which represent the cornerstone of the annual budgets, payment of salaries of state employees and institutions, and government spending in all fields."
He added, "The Parliamentary Finance Committee with the Ministry of Finance and the government will hold, during the next 48 hours, extended and urgent meetings with banks of all addresses to discuss the file of securing financial liquidity for employee salaries and ways to find solutions to overcome the crisis."
A member of the Parliamentary Finance Committee said, "The continuing decline in oil prices, which has caused huge losses for Iraq, will have difficult and complicated repercussions on the financial situation in the country," expressing his hope that " Iraq will overcome the Corona crisis, in order to search for solutions that push towards securing revenue. Financial able to pay government dues in all fields, especially employees ’salaries.


Hezbollah Brigades: We will fail all American plans in Iraq

April 1 / IRNA - The Islamic Resistance, the Hezbollah Brigades in Iraq, confirmed on Tuesday that it will fail all American plans in Iraq, and that the American forces are occupying forces, and if they leave and the government imposes its prestige, there is no justification for carrying weapons.

"The United States has violated the Strategic Framework Agreement, and the American forces in Iraq are occupying forces," Kataeb spokesman Mohamed Mohy said in a televised interview broadcast on the Iraqi "Al-Ittijah" channel.
He added, "The American forces, if they exist at the request of the government, will not be combat forces, and that our pressure for the exit of the American forces came after informing the government, political forces, and parliament." Mohi stressed, "The Hezbollah brigades will fail all American plans in Iraq," pointing out, "If the Americans leave and the government imposes its prestige, there is no justification for carrying weapons."
He pointed out, "The current or future government cannot bring out American forces through diplomatic means, and that America is looking for its interests only and we advise some parties not to bet on their people."
A spokesman for the Hezbollah Brigades said, "The resistance foiled America's plans to impose hegemony and spread chaos in Iraq."

Oil records the largest monthly and quarterly loss ever


Record crude oil prices sealed a quarter of a year of fluctuations with the largest loss ever, as US crude contracts and Brent collapsed throughout March due to the stalemate that hit the global economy due to the Corona virus pandemic, as well as the outbreak of a price war between Russia and Saudi Arabia.
Both measurements lost nearly two-thirds of their value over the first quarter, and most of the loss came from March's 55 percent decline.
US West Texas Intermediate crude rescued the month's close, up a modest two percent on Tuesday, while Brent closed slightly lower.
Global fuel demand has been shattered by the travel restrictions imposed by the Corona pandemic. Major dealers and banks expect demand to fall between 20 and 30 percent in April, and continued weak consumption as economic activity weakens for several months to come.
The settlement price for West Texas was set to climb 39 cents to $ 20.48 a barrel. US crude fell 54 percent in March and 66 percent in the first three months of the year, in its worst decline since the contract began trading in 1983.
Brent crude contracts for May delivery closed two years down to $ 22.74 a barrel, before it expires. Global benchmark crude fell 66 percent in the first quarter and 55 percent in March, in its worst quarterly and monthly decline ever.
And June's most active June contract closed down seven cents to $ 26.35 a barrel.
"As a hostage, the oil market has been taken hostage," said Michael Tran, managing director of energy strategy at RBC Capital Markets in New York.
“The unprecedented pace of demand crashes forced refineries, at a global level, to cut production, leaving barrels from the United States to the North Sea to Asia looking, usually unsuccessfully, for shelter.” 


CBI, ISX,Dinar Guru:
 
CBI Update:   IT SEEMS the CLOSURES have BEEN Extended WE SHALL SEE
 
Click on the link above for the latest update.

The CBI for rate is.

The currency auction total sales amount $ 0. No Auction today
   
ISX Update:   At my last checking 
Failure to organize trading sessions 17 / 3-2020 / 3/23
it's a  document in Arabic but these are the words
Iraq Stock Exchange Iraq market for ur number: Date: \ Û·/Û±Û¹ / C To the Securities Commission What is the lack of organization of trading sessions 3/17 - 3/23/2020
We give you our best regards.  .  . 
Based on the decisions of the Health Crisis Cell dated 3/15/2020. 
The Board of Governors decided not to organize trading sessions and stop trading activity in securities as of Tuesday 3/17/2020 to enable brokerage firms and investors to complete financial settlements between them and the clearing bank until Monday.  3/23/2020 The trading session after suspension is organized on Tuesday 3/23/2020 according to instructions and rules with appreciation   CURFEW EXTENDED to APRIL 11th
Taha Ahmed Abdel Salam Duran Soran
Shares Traded: N/A
Value Traded: N/A

Dinar Guru Chatter: http://www.dinarguru.com

4-1-2020   Intel Guru Frank26  ...the same reserves that they use to support their currency exchange rate is what they are talking about tapping into now.  The IMF is not going allow that.  Why Because the IMF wants them to raise the value of their currency and they need those reserves in order to raise the value of their currency...the only move is to exhale and raise the value of the currency...they need to jump into the international market with their own currency, with their own value. 
3-31-2020   Intel Guru MarkZ   [via PDK]      [I have heard that CDC representatives will be at the redemption centers.]   I have heard that the CDC along with Homeland Security have been going to all these centers to make sure provisions and guidelines are followed …I hope this is true and it will be a good and safe exchange process for us all.  

3-31-2020   Newshound Guru MilitiaMan 
  Article:   "Currency Manipulation and Countervailing Duties"  Quote:  "On April 6, 2020, the rule is to go into effect and U.S. industries can begin submitting petitions for potential relief to the U.S. International Trade Commission and Commerce’s International Trade  Administration"   I'll bet that the data we are witnessing now out of Irag, USA, GB, CBs, etc., is that they are gearing for Iraq to be playing with the big boyz in and on the INTERNATIONAL STAGE!!! There are no coincidences imo...

3-31-2020   Newshound Guru Adam Montana   Article: "The central bank clarifies the fact that it is not possible to pay salaries next month"  Quote:  "...Iraq's cash reserves are currently $ 60 billion," pointing out that "there is no reason to worry about that."  Raise the value on the Dinar and their reserves are much more!

3-31-2020   Intel Guru Frank26   Question   "..what is the most amazing thing that you see?"  That they have stopped using the dollar and the mechanism [currency auctions] that uses the dollar.  And the fact that that mechanism has has the potential to use the American dollar in a very fair way...

3-31-2020   Intel Guru MarkZ   [via PDK]   Still hearing good things about this week… Banking contacts are still hopeful they will see their funds release tomorrow…that is what they are being told…i don’t see how that is possible because of the logistics for exchange centers which are running on a skeleton crew. They have sick people with sick family members. I do not know how they will roll this out...They are still trying to figure this one out.

3-31-2020   Newshound Guru Pimpy   As soon as someone finds out you're a millionaire man you can expect for people to find ways to try to scam it from you.  Sue you for it, purposely accidentally fall down in your home.  They're gonna do whatever it take to get the money from you.  Let a lawyer set you up so that you're protected.  In addition to that let a financial advising team set you up.  You should tell yourself you don't want all your money at one time.  Let your money be invested in such a way that you live off the interest and you never touch the principle.  Be smart about it.  [NOTE:  Speak with your financial advisor at the appropriate time.]   [post 2 of 2]

3-31-2020   Newshound Guru Pimpy   ...for 86% of us you could be guaranteed that within 5 months [of rate change] you're gonna be flat broke.  That's haunting.  A lot of you out there are saying, 'man, that's not gonna happen to me.' But look most professional athletes that make hundreds of millions of dollars are flat broke within two year.  That's because nobody teaches them how to manage money.  I'm sure all those people said the same thing...just be smart about your money ... get an attorney that can set you up in a way where your assets are always protected.  [post 1 of 2....stay tuned]

3-31-2020   Newshound Guru Kaperoni    I had high hopes that this year significant progress was going to be made in Iraq regarding their economy and investment in the private sector.  But in the last several weeks a lot has happened to set back the economy everything from the prime minister to low oil prices...to the Coronavirus.  Until Iraq can get a new prime minister, a cabinet, parliament gets back to passing laws and the Coronavirus is resolved. I don't see the private sector opening up and investors coming to Iraq. And in 2013 the IMF was very clear on the direction for the dinar. They will create a diverse market economy/private sector and simultaneously float the Iraqi dinar to create an opportunity for the dinar to appreciate as a result of the success of the economy. Though this will give an opportunity for the dinar to go up in value, and also allow us as investors to possibly profit from that appreciation, it will never happen overnight...

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 on PM Mahdi's website.

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ARTICLE 2 (from Government of Iraq twitter account)

At the time this report was submitted, there are no new tweets posted on the Government of Iraq twitter account.

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ARTICLE 3

Deputy: Al-Zarfi will submit a request to Parliament to hold a session of granting confidence next week

3/31/2020 19:33 
[Follow-up]

Member of Parliament Assaad Al-Murshidi confirmed on Tuesday that Prime Minister-designate Adnan Al-Zarfi will submit a formal request to the House of Representatives next week to hold a session to give his government confidence.

Al-Murshidi said in a statement, “The House of Representatives is unable to apologize for holding a session to give the Zarfi government confidence due to the outbreak of the Corona epidemic, as this contradicts the constitutional timing,” pointing out that “the parliament’s apology may lead to major constitutional problems that cannot be solved.”

He added that "Al-Zarfi is in the process of completing his cabinet, and the procedures for political consultations to pass his government," noting that "Al-Zarfi will submit a formal request to the House of Representatives next week to set the date for the session of granting confidence to his government."

And a number of political figures suggested, earlier, that Parliament apologize for holding a session to grant the government of Prime Minister-designate Adnan Al-Zarfi in light of the Corona pandemic and the application of the curfew.
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ARTICLE 4

Deputy: Al-Zarfi failed to grant Al-Halbousi six ministries, and the latter will stand against him

3/31/2020 15:10
[Baghdad-where]

Member of Parliament, on behalf of Khazaal, confirmed on Tuesday that the Prime Minister-designate Adnan Al-Zarfi failed to grant Parliament Speaker Muhammad Al-Halbousi six ministries to pass his government, while he stated that Al-Halbousi would stand against the passage of Al-Zarfi in Parliament.

Khazal said in a statement, "Al-Zarfi is moving at the present time to persuade the political blocs to pass his government and offer a lot of temptations to achieve this."

He added that "Al-Zarfi is unable to grant Al-Halbusi these ministries, as some blocs are also demanding access to ministerial portfolios," noting that "Al-Halbusi will stand against the passage of the government of Al-Zarfi to the intersection of interests between them."

The MP revealed the parliamentary bloc of Sadiqun Fadel Jaber, on Monday, a great split between the Shiite political blocs over the passing of the Prime Minister-designate Adnan Al-Zarfi, so he showed that the Al-Fateh Alliance is still adhering to his position rejecting the passage of Al-Zarfi.
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ARTICLE 5

Kurdish leader: We will not participate in any government that does not achieve national consensus

3/31/2020 18:54 
[Baghdad-where]

Among the leaders of the Patriotic Union of Kurdistan, Mahmoud Khoshnaw, Tuesday, the position of Kurdish leaders on assigning the personality of the Prime Minister, indicating that the Kurdish blocs will not stand in the face of any candidate who has a national consensus.

Khushnaw said that "the Kurdish blocs in Arbil and Sulaymaniyah have their stance on the positions of the Shiite blocs that agree on a personality commensurate with the stage," noting that "the Kurds are with the national consensus and with the political majority in the Shiite political house agreeing to find a new commissioner."

Earlier in the day, the representative of the Parliamentary Current Movement, Sattar Al-Jabri, confirmed that no progress had been made regarding the government booth of Prime Minister-designate Adnan Al-Zorfi.

While a member of the House of Representatives on behalf of Khazaal considered that the Prime Minister-designate Adnan Al-Zarfi failed to grant Parliament Speaker Muhammad Al-Halbousi six ministries to pass his government, stating that Al-Halbousi would stand against the passage of Al-Zarfi in Parliament.

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ARTICLE 6

Will this gargle kill Corona? .. Global Health answers

3/29/2020 12:18 
[Follow-up]

Social media abounds with a lot of information related to the elimination of the Corona virus, but many of this information is incorrect and is not based on scientific and medical grounds.

One of the ways many social media users communicate is that gargling with vinegar or warm, salt water saves the patient from the deadly virus.

In response, the World Health Organization says there is no evidence to suggest that salt water is destroying the Corona virus, according to Reuters news agency.
The organization explains that there is some limited evidence that rinsing the nose with a saline solution (salt water) may help people recover from a cold faster, but this has not been shown to prevent respiratory infections.

Doctors at the Johns Hopkins Health Institute also emphasized that gargling with salt water does not help protect against coronaviruses, including corona virus.

Although saltwater gargling has proven effective as a home remedy for sore throats, sore throats are not a common symptom when infected with the Coronavirus.

There are no formal medical guidelines that recommend using salt, warm water or vinegar to get rid of the Corona virus, whether from specialized centers or even governments.
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