WOTS TUES JUNE 2 2020
Foreign currency markets in Iraq recorded, today, Tuesday, a strong rise in the exchange rate of the US dollar against the Iraqi dinar.
The prices of buying and selling dollars in banking companies and offices are as follows:
The selling price of one dollar is 1250 dinars, or 125 thousand dinars per hundred dollars.
The purchase price of the dollar is 1240 dinars, or 124 thousand dinars per hundred dollars.
The Markets:
The Asian markets closed in the green The NIK up by 1.19% HSI up by 1.11% and the SHANG up by .20%
The UK markets are currently trading in the green 1.05% to 3.54%
The DOW at 25625 is p by .64% SNP still over 3000 up by .61% NDX up by .62%
The UK markets are currently trading in the green 1.05% to 3.54%
The DOW at 25625 is p by .64% SNP still over 3000 up by .61% NDX up by .62%
Precious Metals:Gold is red at 1739 Silver is red at 18.80 Copper is green at 248 Platinum is green at 854
Brent at 39 WTI 35
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1164.0000 |  1217.9000 | 1192.2000 | 1190.0000 | 1192.2000 | -1.1000 | 15:40 |
| USD/VND | 23264.0000 | 23267.0000 | 23240.1700 | 23238.3300 | 23238.3300 | 3.8200 | 01:30 |
| USD/CNY | 7.1028 | 7.1048 | 7.1269 | 7.0994 | 7.1268 | -0.0243 | 05:07 |
| USD/KWD | 0.3076 | 0.3086 | 0.3079 | 0.3077 | 0.3079 | -0.0002 | 04:46 |
| GBP/USD |  1.2551 | 1.2553 | 1.2575 | 1.2478 | 1.2489 | 0.0062 | 05:07 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 97.5000 | 06:03 |
| USD/IDR | 14368.0000 | 14376.0000 | 14574.0000 | 14349.0000 | 14528.0000 | -174.0000 | 05:07 |
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IRaqi Articles:
Economist: Iraq needs $ 66 a barrel and resorting to currency reserves is a disaster
The economic expert, Ali Al-Fariji, stressed the need for Iraq to price 66 dollars per barrel out of the economic crisis, while warning against resorting to currency reserves.
"The average price per barrel of $ 39 is expected to be at the end of the year or in the first quarter of 2021," al-Furaiji said, noting that "Iraq is linked to the OPEC agreement to reduce one million barrels per day, so we will face two problems in fluctuating price per barrel with The estimate imposed on Iraq is to face the same operational budget and the same numbers for years. "
He added, "In the sense that the exchange rates in the government will be very large against a deficit in oil revenues because the price per barrel of oil is 34 dollars and Iraq needs from 62 to 66 the price of a barrel to meet the budget if compared to the 2019 budget, so it will be more than 55% deficit in the price of a barrel."
Al-Furaiji pointed out that "the financial crisis in the country depends on the type of plan or strategy and the urgent need for the prime minister's attention on the team leading this crisis; but if we rely on the same minds that caused the disaster and the economic crisis, we will fall into a quagmire that is suppressed than we are."
He also stressed "the need for Iraq to have very exceptional minds and experienced expertise worldwide to lead economic construction in a manner that differs in the nucleus of the crisis."
The economist warned against "resorting to the state's treasury," returning him "a catastrophe and a depletion of the country's energy," explaining that "Iraq possesses an average of 60 billion dollars, 30 billion of which is in bonds, therefore there is a limit allowed by the state that can be dealt with and almost according to decisions from 9" To 11 billion dollars. "
He added, "In the sense that the exchange rates in the government will be very large against a deficit in oil revenues because the price per barrel of oil is 34 dollars and Iraq needs from 62 to 66 the price of a barrel to meet the budget if compared to the 2019 budget, so it will be more than 55% deficit in the price of a barrel."
Al-Furaiji pointed out that "the financial crisis in the country depends on the type of plan or strategy and the urgent need for the prime minister's attention on the team leading this crisis; but if we rely on the same minds that caused the disaster and the economic crisis, we will fall into a quagmire that is suppressed than we are."
He also stressed "the need for Iraq to have very exceptional minds and experienced expertise worldwide to lead economic construction in a manner that differs in the nucleus of the crisis."
The economist warned against "resorting to the state's treasury," returning him "a catastrophe and a depletion of the country's energy," explaining that "Iraq possesses an average of 60 billion dollars, 30 billion of which is in bonds, therefore there is a limit allowed by the state that can be dealt with and almost according to decisions from 9" To 11 billion dollars. "
He noted at the conclusion of his speech that "if the deal exceeds this figure is too big glitch will happen in the economic structure of Iraq", warning the government of "special operations leveraged and Iraq are currently subject to $ 80 billion in debt negative"
Iraq constitutes his negotiating delegation with America and Al-Kazemi divides it into 3 categories
British newspaper revealed the selection of Prime Minister Mustafa Al-Kazemi, the team of negotiators, to discuss several issues within the forthcoming strategic dialogue with Washington scheduled in mid-June.
The British newspaper, "Daily Express", "Al-Kazemi has chosen a negotiating team to discuss issues within a strategic dialogue that will be held this June with the United States."
She added, "The talks will not be held at the level of foreign ministers," noting that "the negotiating teams were divided into three categories, a political negotiating team, a military negotiating team, and an economic negotiating team."
The British newspaper pointed out that "these discussions had been agreed upon by the administration of former Prime Minister Adel Abdul Mahdi in late 2019," noting that "foreign policy for Iraq and the United States depends on the former's relationship with Iran."
For its part, the American Wall Street Journal reported that "the talks are an attempt to strike a balance between the two competing powers and keep Iraq from becoming a battleground between them."
And she explained that "the United States and Iran have merged together behind an Iraqi politician who both see as a necessary person to prevent further chaos in his country."
The newspaper stressed that "the prime minister has already taken good initiatives towards the demonstrators."
She added, "The talks will not be held at the level of foreign ministers," noting that "the negotiating teams were divided into three categories, a political negotiating team, a military negotiating team, and an economic negotiating team."
The British newspaper pointed out that "these discussions had been agreed upon by the administration of former Prime Minister Adel Abdul Mahdi in late 2019," noting that "foreign policy for Iraq and the United States depends on the former's relationship with Iran."
For its part, the American Wall Street Journal reported that "the talks are an attempt to strike a balance between the two competing powers and keep Iraq from becoming a battleground between them."
And she explained that "the United States and Iran have merged together behind an Iraqi politician who both see as a necessary person to prevent further chaos in his country."
The newspaper stressed that "the prime minister has already taken good initiatives towards the demonstrators."
She noted that "despite the decline happening in the popular protests that forced his predecessor to resign, but the public anger is still burning strongly"
Al-Fayez: The next parliament session may witness the completion of the cabinet
Deputy Omar Al-Fayez confirmed that the upcoming parliament session may witness the completion of the cabinet.
Al-Fayez said that the parliament will discuss in its next session a number of important issues, noting that the session may witness the vote on the completion of the cabinet cabinet if the candidates for the vacant ministries are agreed upon.
Al-Fayez stressed that the parliament will continue to hold its sessions, because there are many draft laws that are stalled and the state cannot remain idle for a longer period.
The October Revolution enters its ninth month to demand the departure of the sectarian quota system and its corrupt parties
Today, Monday, the first of June, the October Revolution enters its ninth month in a row, as it was launched on the first of last October to demand the departure of the sectarian quota system and its corrupt parties.
Because of the Coruna epidemic, activists today operate the "shift" system, while maintaining control of their assembly areas and preventing government forces and militias from controlling them.
Because of the Coruna epidemic, activists today operate the "shift" system, while maintaining control of their assembly areas and preventing government forces and militias from controlling them.
In this context, the coordination committees and the leaders of the demonstrations returned to hold periodic meetings via the Internet, with the aim of agreeing to the continuation of the protest movement and not stopping it, and they agreed to maintain the popular momentum in the squares and demonstration fields.
Activists stressed that they do not see signs of hope for real reform, and they do not see the government of Mustafa Al-Kazemi as a turning point for the stage of general reform in Iraq.
Al-Halfi calls on the Council of Ministers to include in the 2020 budget the clause fixing contracts and wages employees
Member of the Security and Defense Committee for the Parliamentary Bloc of Sa`eroun Sa`d Maya al-Allfi called on the Council of Ministers to include in the 2020 budget the clause fixing contracts and wages in all ministries.
Al-Halfi said in a statement that Nina received a copy: The recent amendment to the unified pension law that was issued at the end of last year has provided many job grades that are sufficient to accommodate large numbers of young people looking for work, noting that the category of contract and wage employees
is one of the classes that must be paid attention to, since most of them Among the affected families that provided martyrs in the war on terrorism ..
Al-Alfi called on the Cabinet to include a paragraph in the 2020 budget that includes fixing contracts and wages employees in all ministries to permanent owners after job vacancies were available as a result of the owners ’movement due to the recent amendment of the retirement law.
Al-Halfi said in a statement that Nina received a copy: The recent amendment to the unified pension law that was issued at the end of last year has provided many job grades that are sufficient to accommodate large numbers of young people looking for work, noting that the category of contract and wage employees
is one of the classes that must be paid attention to, since most of them Among the affected families that provided martyrs in the war on terrorism ..
Al-Alfi called on the Cabinet to include a paragraph in the 2020 budget that includes fixing contracts and wages employees in all ministries to permanent owners after job vacancies were available as a result of the owners ’movement due to the recent amendment of the retirement law.
NO CBI
NO ISX
6-2-2020 Newshound Guru Kaperoni As for the dinar's value, it is not at a program rate. That is guru's taking a directive from the IMF and misrepresenting that meaning. The dinar exchange rate is it's real rate... The currency is already an internationally-recognized currency they just haven't accepted IMF Article VIII making international banks more willing to want to engage in commerce with it.
6-1-2020 Intel Guru MarkZ [via PDK] [Any news from your Government contacts?] No…and that’s actually where I am looking for news all day today…. After they allowed bankers to sit there all weekend without an explanation, I started contacting all my government contacts…even some I havn’t talked to in a while...
6-1-2020 Newshound/Intel Guru Mnt Goat Article: "THE NATIONAL: SENIOR IRAQI OFFICIAL LAYS OUT JUST HOW BAD IS COUNTRY’S FINANCES" So again we hear news about the necessity for Iraq to bring in investors and move to a private sector economy, taking pressure off the GOI to pay out these salaries each month. Why not let the private sector pay these salaries? But this will not come unless the investors flock in and this will not happen until they know that Iraq has a stable, global currency that can be easily exchangeable to their own currency of their country. When will Iraq reform their currency and get out of this program rate and 3 zero notes? They have gotten so used to surviving off the US dollar now it is hard to move from it.
6-1-2020 Intel Guru MarkZ [via PDK] [Is the RV real?] Absolutely…IMO…and also in the opinions of the bankers who are prepared for it…no part of me questions whether or not it is real.
6-1-2020 Newshound Guru MilitiaMan Article: "Al-Nusairi: Iraqi-Gulf economic ties are a step in the right direction for Iraq to return to its Arab depth" They have been vocal in recent past per [Guru] Delta (iho) that they have opened the ITB in SA yet, as they are like every one else, they need an international rate to deal with... Looks like the game is at the 2 minute warning now... imo... They are talking about internal and external banking that interlink with each other... They know what to expect by now... imo... Oh ya! It is not a program rate. They are talking on TV a rate change is coming. Alak told us and have others the right thing to do is not devalue the currency but to give value to it...imo! That is exactly what they are going to do...imo.
6-1-2020 Intel Guru MarkZ [via PDK] [...we've always been told that we need distractions to RV...Riots would be a great distraction while we redeem...] They would be a great distraction and hopefully that is what we will see. ...We need something huge to get out of all of this…..wouldn't an RV be good about now. We have been told all along it was going to get ugly at the end…
6-1-2020 Newshound Guru MilitiaMan Article: "Newspaper: Iraqi-American negotiations will start on June 10" I have a strong feeling they will need to have things sorted MR [Monetary Reform ?] wise prior to the meeting beginning on the 10th. They have a minster they need to place too, prior to that. It looks as that may be slated for Wednesday too. imo The convergence of many things of late is by no coincidence. ...ECONOMIC is to be a main focus in the future, imo...
6-1-2020 Intel Guru Footforward [Does anyone have any more info on the potential CBI satellite banks?] this is something frank [Guru Frank26] likely has the inside track on. This has never been talked about with my contacts. But I don't doubt it's validity...Frank by far has the best contacts in Iraq. That would hardly be surprising... [reference Guru Footforward post 5-31-2020]
6-1-2020 Newshound Guru MilitiaMan Article: "The Stock Exchange announces postponing its sessions until next week" Fascinating they kicked the can down the road again... Allows for any necessary adjustments that may come their way? lol Yep, imo... With the CBIESD site still showing a massive change to the ISX Indice the chances of them coming back again at a program rate seem to be a no way situation, imo.. From today through June 4th. That is Thursday... Man things look good for us. If they need to notify people, from now through next Saturday could be a very interesting time to do so... If need be... imo
6-1-2020 Newshound/Intel Guru Mnt Goat Article: "THE NATIONAL: SENIOR IRAQI OFFICIAL LAYS OUT JUST HOW BAD IS COUNTRY’S FINANCES" So again we hear news about the necessity for Iraq to bring in investors and move to a private sector economy, taking pressure off the GOI to pay out these salaries each month. Why not let the private sector pay these salaries? But this will not come unless the investors flock in and this will not happen until they know that Iraq has a stable, global currency that can be easily exchangeable to their own currency of their country. When will Iraq reform their currency and get out of this program rate and 3 zero notes? They have gotten so used to surviving off the US dollar now it is hard to move from it.
6-1-2020 Intel Guru MarkZ [via PDK] [Is the RV real?] Absolutely…IMO…and also in the opinions of the bankers who are prepared for it…no part of me questions whether or not it is real.
6-1-2020 Newshound Guru MilitiaMan Article: "Al-Nusairi: Iraqi-Gulf economic ties are a step in the right direction for Iraq to return to its Arab depth" They have been vocal in recent past per [Guru] Delta (iho) that they have opened the ITB in SA yet, as they are like every one else, they need an international rate to deal with... Looks like the game is at the 2 minute warning now... imo... They are talking about internal and external banking that interlink with each other... They know what to expect by now... imo... Oh ya! It is not a program rate. They are talking on TV a rate change is coming. Alak told us and have others the right thing to do is not devalue the currency but to give value to it...imo! That is exactly what they are going to do...imo.
6-1-2020 Intel Guru MarkZ [via PDK] [...we've always been told that we need distractions to RV...Riots would be a great distraction while we redeem...] They would be a great distraction and hopefully that is what we will see. ...We need something huge to get out of all of this…..wouldn't an RV be good about now. We have been told all along it was going to get ugly at the end…
6-1-2020 Newshound Guru MilitiaMan Article: "Newspaper: Iraqi-American negotiations will start on June 10" I have a strong feeling they will need to have things sorted MR [Monetary Reform ?] wise prior to the meeting beginning on the 10th. They have a minster they need to place too, prior to that. It looks as that may be slated for Wednesday too. imo The convergence of many things of late is by no coincidence. ...ECONOMIC is to be a main focus in the future, imo...
6-1-2020 Intel Guru Footforward [Does anyone have any more info on the potential CBI satellite banks?] this is something frank [Guru Frank26] likely has the inside track on. This has never been talked about with my contacts. But I don't doubt it's validity...Frank by far has the best contacts in Iraq. That would hardly be surprising... [reference Guru Footforward post 5-31-2020]
6-1-2020 Newshound Guru MilitiaMan Article: "The Stock Exchange announces postponing its sessions until next week" Fascinating they kicked the can down the road again... Allows for any necessary adjustments that may come their way? lol Yep, imo... With the CBIESD site still showing a massive change to the ISX Indice the chances of them coming back again at a program rate seem to be a no way situation, imo.. From today through June 4th. That is Thursday... Man things look good for us. If they need to notify people, from now through next Saturday could be a very interesting time to do so... If need be... imo
Catnip's Corner:
***********
ARTICLE 1 (from PM Kadhimi's w
At the time this report was su
***********
ARTICLE 2 (from Government of
At the time this report was su
***********
ARTICLE 3
An official request to install
1/6/2020 20:45
Where's the news - Baghdad
Today, Monday, the representat
The media office of Deputy Has
In the same context, Al-Kaabi
***********
ARTICLE 4
Deputy: Parliament will discus
1/6/2020 14:09
[Baghdad-where]
On Monday, the MP for the Alli
Al-Dulaimi said in a press sta
l-Dulaimi added that "the agen
The House of Representatives d
***********
ARTICLE 5
Al-Kinani: The crisis to end t
1/6/2020 14:18
[Baghdad-where]
On Monday, the MP from the Al-
Al-Kanani said in a press stat
He added that "some political
And he added, "It was more app
***********
ARTICLE 6
Al-Rafidain: Our branches star
5/31/2020 10:31
[Baghdad-where]
Rafidain Bank announced that i
The media office of the bank s
The statement added that "the
***********
ARTICLE 1 (from PM Kadhimi's w
At the time this report was su
***********
ARTICLE 2 (from Government of
At the time this report was su
***********
ARTICLE 3
An official request to install
1/6/2020 20:45
Where's the news - Baghdad
Today, Monday, the representat
The media office of Deputy Has
In the same context, Al-Kaabi
***********
ARTICLE 4
Deputy: Parliament will discus
1/6/2020 14:09
[Baghdad-where]
On Monday, the MP for the Alli
Al-Dulaimi said in a press sta
l-Dulaimi added that "the agen
The House of Representatives d
***********
ARTICLE 5
Al-Kinani: The crisis to end t
1/6/2020 14:18
[Baghdad-where]
On Monday, the MP from the Al-
Al-Kanani said in a press stat
He added that "some political
And he added, "It was more app
***********
ARTICLE 6
Al-Rafidain: Our branches star
5/31/2020 10:31
[Baghdad-where]
Rafidain Bank announced that i
The media office of the bank s
The statement added that "the
***********
