WOTS TUE APR 27 21 The Iraqi President: We adopt balanced relations and an open policy with all countries in the region

 WOTS TUE APR 27 21

No My FX Buddies podcast for the 27th 2021

On Tuesday, the dollar fell on the main stock exchange in Baghdad and Kurdistan.

According to a Correspondent for Shafq News, the Central Al-Struggle and Harthiya Stock Exchange in Baghdad recorded 147,800 Iraqi dinars for $100.

At its opening on Monday morning, the Central Struggle Stock Exchange recorded 148,000 Iraqi dinars.

Our correspondent pointed out that the prices of buying and selling decreased in banking shops in the local markets in Baghdad, where the sale price reached 148,250 Iraqi dinars, while the purchase prices reached 147,250 dinars per 100 U.S. dollars.

In Erbil, the capital of Kurdistan province, the dollar also fell, with the sale price reaching 147,800 dinars per 100 dollars, buying and 147,500 dinars per 100 US dollars.

Some banking office owners attributed the fluctuation in dollar prices to the amount of supply and demand in the markets, which does not exceed one dollar, pointing out that the markets will see dollar stability in the coming period.

The Markets:

The Asian markets closed mixed NIK down by .46% HSI down by .04% SHANG up by .04%

The UK markets are currently trading in the red from .02% to .41% 

Our futures are currently trading mixed  DOW at 33869 down  by .02% SNP at 4181.50 up  by .05% NDX at 14021 up  by .07%

Precious Metals:

Gold is red at 1781 Silver is green  at 26.33 Copper is green at 450 Platinum is green at 1246 

Brent 65 WTI  62   Bitcoin: 54,537 10 yr yield: 1.5

Favorite Currencies Forex Quotes

Favorite Currencies Major Currency Pairs Major Crossrates USD / Major Currencies Euro / Major Currencies --- Australian Dollar / Majors Canadian Dollar / Majors Swiss Franc / Majors British Pound / Majors Japanese Yen / Majors New Zealand Dollar / Majors South African Rand / Majors Metals --- Favorite Currencies Manage Favorites

Symbol	Bid	Ask	High	Low	Open	Change	Time
USD/IQD	1459.0000	1464.0000	1458.0000	1457.9000	1457.9000	0.2000	00:09
USD/VND	23042.0000	23046.0000	23026.7400	23024.4400	23024.4400	3.8100	03:52
USD/CNY	6.4843	6.4863	6.4894	6.4800	6.4838	0.0000	05:04
USD/KWD	0.3006	0.3016	0.3008	0.3007	0.3008	-0.0001	04:51
GBP/USD	1.3887	1.3888	1.3901	1.3859	1.3893	-0.0007	05:08
USD/IRR	42000.0000	42210.0000	42097.5000	42097.5000	42097.5000	0.0000	00:00
USD/IDR	14492.0000	14493.0000	14513.0000	14460.0000	14462.0000	30.0000	05:06

Things in the News:

GALLUP: Economic Confidence Positive First Time in Pandemic... 
CENSUS: USA population 331,449,281...

Grew at slowest rate in history... 
CENTCOM Commander: Drones Dropping Explosives 'Concerns Me Most'...   
 

Iraqi Articles:

The Iraqi President: We adopt balanced relations and an open policy with all countries in the region

link

Iraqi President Barham Salih received, Monday, at the Peace Palace in Baghdad, Iranian Foreign Minister Javad Zarif, in the presence of Iraqi Foreign Minister Fuad Hussein.

During the meeting, bilateral relations between the two countries were discussed, and the Iraqi President affirmed - according to a press release by the Iraqi Presidency - that the policy of openness adopted by Iraq to its regional and international surroundings aims to build balanced relations in support of efforts to reduce tensions and crises, pointing out that a capable, independent and sovereign Iraq represents the interest of They are common to the whole region, and a fundamental factor in enhancing its stability and the basis for a system of work based on issues of common security, economy, environmental protection and mutual development opportunities that benefit the countries and peoples of each region.

The Iraqi president added that the countries of the region face several challenges, and joint work, coordination and commitment to dialogue should be made to overcome the differences and imbalances that surround them, and to cooperate to end conflicts and conflicts and face the existing economic and health challenges, within the framework of mutual respect, common interests and state sovereignty.

MP: Zarif's extended meetings with all Iraqi components have positive implications for the future

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Member of Parliament Nada Shaker Jawdat considered, on Tuesday, that the visit of Iranian Foreign Minister Muhammad Javad Zarif to Baghdad and his expanded meetings with all political components have positive connotations. It is likely that Iraq will have a pivotal role in defusing the crisis in the region.
"The visit of the Minister of Foreign Affairs of the Islamic Republic of Iran, Muhammad Javad Zarif to Baghdad and his expanded meetings with all political components carry several messages, but they are positive messages and connotations," Jawdat said in a statement to "the information".
She added that "follow us flexible between the Islamic Republic and Saudi statements through visits by the Prime Minister of the Gulf recent and show its willingness to resolve the crisis with Iran in return Tehran welcomed it welcomes any meeting would confer on the region 's atmosphere of peace," likely to "be IraqIt has a pivotal role in defusing the crisis in the region.
Iranian Foreign Minister Muhammad Javad Zarif arrived in the capital, Baghdad, on an official visit, as part of a regional tour that included Qatar, where he met the three presidencies and a large number of politicians and officials

 

Al-Maliki meets Zarif and calls for Iran's return to negotiations on the nuclear file

link

The head of the State of Law Coalition, Nouri Al-Maliki, discussed, on Tuesday, with Iranian Foreign Minister Muhammad Javad Zarif and his accompanying delegation, issues of common concern between the two countries.  

    

The media office of the President of State of Law said in a statement that "People" received a copy (April 27, 2021), that "developments in the political and security situation in the region were discussed during the meeting, and bilateral relations and issues of common concern were discussed."  

Al-Maliki referred to "the importance of Tehran's return to the dialogue table regarding its nuclear file, as it has an impact on the stability of the situation in the Middle East," explaining that "the region is facing great challenges that require everyone to stand and cooperate to overcome them."  

For his part, the Iranian foreign minister affirmed his country's commitment to support the stability and sovereignty of Iraq and to strengthen bilateral relations between the two countries in various fields.  

CBI Update:  Just  a note:

They have been having auctions and the ISX has been trading regularly; the sites just don't update in time to put the information in this report, unless it is 
here.   

http://www.cbi.iq/

Click on the link above for the latest update.

The CBI for rate is 1460

The currency auction For April 27th , 2021 total sales amount $ 200,454,012. 

including   $35,400,000. CASH 

ISX Update:   

www.isx-iq.net/

Shares Traded: not updated for today

Value Traded: not updated for today 

https://www.dinarguru.com/

4-26-2021   Newshound Guru Kaperoni   Guru Sandy made a comment that I was wrong about Iraq floating the currency. First of all I don't expect them to float it under the current conditions. Secondly, Iraq has a lot to do before they can float (such as passing laws and encouraging foreign investment)...Sandy needs to read the IMF documents where they specifically talk about Iraq floating the currency. And lastly everyone knows with all the numerous articles, floating is what currencies do. Especially with emerging economies.  [reference Guru sandyf post 4-26-2021]

4-26-2021   Intel Guru MarkZ   [via PDK]   [Rumor is Shabibi said long ago the dinar rate could go as high as $16.00!...]  Dr Shab's…he clearly states it could be in the 16.00 rate…Dr Shabibi is the architect of the Iraqi Dinar RV…this is straight from the horses mouth.

4-26-2021   Intel Guru Frank26   I live outside of Iraq that's why I study the rate that will grow.  Not the one that they're going to introduce.  And I think it's extremely important that you think in that direction too.  You've got to be wise.  You can't be a sucker and rush in there and exchange everything at 1 to 1 IMO.  I don't care about the rate inside of Iraq.  That is the key.  I care about the rate outside of Iraq...

4-26-2021   Intel Guru MarkZ   [via PDK]   ...I am expecting an exciting week...I am hearing Currency redemptions could start on Thursday…I am getting an overwhelming amount of chatter from Redemptions Centers, Paymasters, and group leaders that it is getting fun this week.  As I understand it they are going to start setting appointments a couple days out…So as of today and tomorrow we will be watching things very closely... Remember to consider everything a rumor for now…but we sure appear to be close. I can feel it…you can feel the change coming….

4-26-2021   Intel Guru Frank26   Why did you [CBI] raise your reserves from 60 to 90 billion?  Why?  For a program rate?  Really?  It would only be because you want to raise the value of your currency...you need to know if your country can sustain these numbers...the telltale sign of going from 60 to 90 should have told you they're going to raise the value of their currency...

4-26-2021   Intel/Newshound Guru sandyf     NORV [Guru Kaperoni] is right in that no country could ever revalue in the way suggested, and in particular Iraq.  He is also wrong in trying to make out there would be any benefit in floating he currency. No country that has ever been forced into a flotation has gained value in the short term. The guru BS continually refers to Kuwait but that is fake news, there never was any RV in Kuwait. During the occupation Iraq replaced the KWD with the IQD as the national currency. The Central Bank of Kuwait went into exile and continued business as best it could, after the occupation the KWD was reinstated as the national currency at the same value it had before. Anyone interested in what actually happened should read the document  "The Impact of the Iraqi Invasion on the Kuwaiti Banking and Financial System: Lessons Learned from a Financial Crisis"

4-26-2021   Intel Guru Frank26  They will soon raise the rate 1 to 1 which is Article 8 which is International status.  Leaving at 1460 and they can go international at 1460 is not going to draw any attention to give the currency of Iraq more potential growth...what is extremely important is what happens to the rate internationally from 1 to 1 outside of Iraq for you.  You've got to know when to hold'm and when to fold'm...it is the REER (Real Effective Exchange Rate) that you and I seek.  We already know it's going to be 1 to 1...they have articles that told us so...the pendulum swing is now going in the direction of the exchange rate that is coming IMO...  

Catnip's Corner:

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

Prime Minister Mr. Mustafa Al-Kazemi receives the Iranian Minister of Foreign Affairs

The Prime Minister, Mr. Mustafa Al-Kazemi, received today, Monday, the Minister of Foreign Affairs of the Islamic Republic of Iran, Mr. Mohammad Javad Zarif and his accompanying delegation.

At the outset of the meeting, Mr. Al-Kazemi welcomed the guest minister in Iraq, where the atmosphere of the blessed month of Ramadan was, and he also conveyed his greetings to the Iranian leadership.

During the meeting, they discussed the development of bilateral relations between the two countries in a manner that serves mutual interests, and the promotion of trade exchange in both directions. They also discussed the two countries ’fulfillment of their financial and contractual obligations.

During the meeting, they also discussed the cooperation of the two countries in confronting common security threats, based on the cooperation that occurred during the confrontation of the terrorist organization ISIS and preventing its resumption.

Mr. Al-Kazemi stressed the importance of communication between officials of the two countries, in light of the rapid developments taking place in the region and the world, which require the continuation of dialogue and the exchange of ideas between the countries of the region.

For his part, Iranian Foreign Minister Mohammad Javad Zarif conveyed the greetings of the Iranian leadership to the Prime Minister, and congratulated him on the advent of the holy month of Ramadan.

Zarif pointed to the importance of the role played by the Iraqi government and Prime Minister, Mr. Mustafa Al-Kazemi, whether at the level of the relationship between the two countries or at the level of regional files more broadly, and the role of Iraq in adopting the policy of dialogue and calm for the sake of security, stability and peace in the region.

Mr. Zarif also announced that the Islamic Republic of Iran rejects any action or behavior that negatively affects security in Iraq.

Media Office of the Prime Minister

April 27, 2021

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

The Council of Ministers holds its extraordinary session chaired by the Prime Minister, Mr. Mustafa Al-Kazemi, which is devoted to discussing the tragic accident at Ibn Al-Khatib Hospital

The Council of Ministers held its extraordinary session today, Sunday, headed by Prime Minister Mustafa Al-Kazemi, which was devoted to discussing the tragic accident at Ibn Al-Khatib Hospital.

At the beginning of the session, the council read Al-Fatiha as a mercy for the lives of innocent victims. Al-Bari accepted them as martyrs in Elin.

After discussion and consideration of the circumstances of the accident and its circumstances, the Cabinet decided the following:

1- Conducting an investigation headed by the Minister of Interior, and the membership of each of the following:

A - Minister of Planning

B - Minister of Justice

C - President of the Integrity Commission.

D - President of the Federal Office of Financial Supervision

E - A representative of the House of Representatives / an observer member

2- Investigation into the Ibn Al-Khatib Hospital fire accident, identifying the negligent persons and holding them accountable.

3- The hand of the Minister of Health is withdrawn and he is referred for investigation.

4- The hand of the Governor of Baghdad is withdrawn and he is referred for investigation.

5- The hand of the General Director of the Rusafa Health Department is withdrawn and referred for investigation.

6- The above investigation shall be completed within five days, and the report shall be submitted to the Council of Ministers, and experts in the field of interior and health may be sought.

7- Assigning the legal department in the General Secretariat of the Council of Ministers to prepare a draft law regarding the victims of the Ibn Al-Khatib Hospital tragedy (martyrs), and refer it to the Council of Representatives.

8- Granting an amount of ten million dinars to the families of each of the victims of the tragedy.

Media Office of the Prime Minister

April 25, 2021

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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

Zarif arrives in Parliament and meets Al-Halbousi

4/26/2021 16:54 

[Baghdad-Where]

Parliament Speaker Muhammad al- Halbousi received, on Monday, Iranian Foreign Minister Muhammad Javad Zarif.

Iranian Foreign Minister Muhammad Javad Zarif arrived today in the capital, Baghdad, on an official visit, during which he met with Foreign Minister Fuad Hussein and President Barham Salih, and discussed with them developments in bilateral relations and the situation in the region.

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ARTICLE 4

The House of Representatives obliges finance to direct allocations to complete regular hospitals

4/26/2021 16:42 •

[Baghdad-Where]

The Presidency of Parliament announced, on Monday, that the Ministry of Finance is obligated to direct the necessary allocations to complete regular hospitals.

"The Presidency of the Council of Representatives decided to oblige the Ministry of Finance to direct the necessary allocations to complete the regular hospitals that have reached advanced stages throughout the governorates, and not to invoke unacceptable excuses," said First Deputy Speaker Hassan Al-Kaabi during the special session devoted to discussing the tragedy of Ibn Al-Khatib Hospital.

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ARTICLE 5

Visit Barzani, man of agreement and the mission to save Iraq

2021-04-26 16:45

The Kurdistan Region Presidency statement was clear and explicit in describing the visit of Mr. Nechirvan Barzani, the region's president, to the capital, Baghdad, which lasted for three days, and his meetings and meetings with the presidents of (the republic, ministers and parliament), leaders and senior officials of the Iraqi political forces and parties, Barzani's discussions and his meetings with leaders and officials of the country about The Iraqi political, security, economic and health situations, the problems of Erbil, Baghdad, the dangers of terrorism and the importance of creating a vision and a common understanding for the future of Iraq, adding that he put forward for discussion the status and international relations of Iraq.

This important and comprehensive visit in which Barzani met most of the officials and political leaders who had a role in governing Iraq during the previous years, and personalities who may have a role in the future, which is what a person other than Barzani could not achieve during the period of the visit, which was intense and inclusive of all spectrums and colors. .

The manifestations of the welcome, interest and appreciation of this visit were clear, and the statements of praise and results that the visit could lead to were covered by the media, and it will have repercussions and effects not only at the regional level, but also on the level of Iraq, neighboring countries and the world, where it can be said that Nechirvan Barzani was able with this visit to bypass and leave From the framework of the Kurdistan region as the region’s president, to the Iraqi national framework and the international reality, as he is one of the Iraqi leaders who can present a model that gathers and meets others with him and in his council.

Barzani, on his recent visit to Baghdad, confirmed that he is the man of agreement with whom the opinions, trends and points of view of all the Iraqi personalities who rule or have a role in the political process in Iraq converge, and that he is a person who gathers, unites and composes hearts before the minds that praised and praises the role he plays in the region and in Iraq.

The circumstances and the existing reality impose itself on everyone and necessitate action for a great mission, which is to save Iraq, as Barzani moved first from Erbil to Paris in a quick visit for a French-European initiative that brings together Iraqi parties that are difficult to meet with and know their directions within a short period due to the tensions, interventions and influences On regional and international levels.

Barzani succeeded after his return to Erbil and gathered Kurdish forces and parties in a meeting in the region’s presidency after more than a year of estrangement and the Kurdish parties ’lack of communication, to unify the Kurdish position and voice and visit Baghdad after the budget law was passed, amending the Federal Court’s law, and setting the date for early elections, all of which are demands. Iraqi .. meaning that Barzani did not visit Baghdad for the sake of an unresolved issue or for the region’s interest only.

Barzani's visit and his meeting with the Secretary General of the Arab League shows that the Kurds and the region are the strategic depth of the countries of the region and Baghdad, and as the mountains and land of Kurdistan were a safe haven and a homeland for all militants and honorable people for a new future for Iraq, this visit and the meetings that took place confirm that the region is the lung of Iraq from which health and wellness inhale Safety, good opinion and unification of views, which Nechirvan Barzani, President of Kurdistan Region, succeeded in confirming as the man of agreement in the mission to save Iraq.

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WOTS MON APR 26 21 Washington informs the Central Bank of Iraq its readiness to support its reform plans

WOTS MON APR 26 21 Washington informs the Central Bank of Iraq its readiness to support its reform plans

These are the articles I discussed on the My FX Buddies Podcast 

Representative Economy: Treatments for the rise in the exchange rate of the Iraqi dinar need "time"

link

Mubasher:  The Parliamentary Economic and Investment Committee in Iraq confirmed, today, Friday, that the treatment of the exchange rate increase needs time.

MP Salem Al-Tafili, a member of the committee, told the Iraqi News Agency (INA) that the real treatments for the exchange rate increase need time to stabilize the market.

Al-Tufayli added that many deputies called for a reduction in the dollar’s ​​price, not at the previous rate, but in a gradual manner so that the citizen would not be affected economically, indicating that the citizen with limited income and the poor was affected by the change of the exchange rate.

He pointed out that the budget supported the private sector and large projects in order to attract part of the workforce so that there would be a work movement, and that his committee presented a program and recommendations to the Prime Minister that included supporting the private, agricultural and industrial sector.

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A member of the Parliamentary Economic and Investment Committee in Iraq explained that his country has all the infrastructure to improve the agricultural and industrial reality, but it needs fair and efficient hands.

Rikabi: There are no government indicators to return the dollar's price to its previous era

link

The deputy for destroying the state of law, Kataa al-Rikabi, explained, on Saturday, that there are no indications to restore the exchange rate to its previous state, according to the existing data.

Al-Rikabi confirmed in a statement to / the information / that “according to the data found in the Ministry of Finance and the government, and despite the high prices, especially in the month of Ramadan, we do not see in Parliament efforts to restore the exchange rate to its previous era.”

"The government does not care about the people or the poor classes, and this decision has been taken and they believe that returning to the normal state of the dollar is very difficult and affects the economic situation of the country," Al-Rikabi said.

Al-Rikabi said, "Destroying the state of law rejected this decision and withdrew from voting on the budget because it does not meet the simplest requirements of the Iraqi people," noting that "this decision is unfair to the right of low-income classes in Iraqi society."

The Financial Committee: The Central Bank is the sole determinant of the exchange rate .. There is no shortage of funds and the problem of mismanagement and corruption 

link

The Financial Committee's reporter, Ahmed Al-Saffar, said on Saturday that the Central Bank is the exclusive authority that has the authority to determine the exchange rate without any interference in its decisions, pointing out that the future of the Iraqi economy is in danger due to .the wrong policies

Al-Saffar said in a statement to local satellite channels that "the Central Bank of Iraq is the exclusive authority that possesses the authority of monetary policy in the country with its tools related to the currency exchange rate, cash reserves and open market operations without any interference from any ".party in its decisions to determine the exchange rate now and in the future

He added, "Iraq is the country most affected by the economic crisis because of the pandemic that led to a drop in oil prices, on which Iraq depends on ".financing the budget with more than 90% of oil revenues

Al-Saffar pointed out, "Iraq does not suffer from a shortage of money nor from any crisis, but the problem is mismanagement of public money and corruption that exists in all joints of countries," indicating that "the reason for the government's ability to obtain all its oil and non-oil revenues is what " .resulted from the policies. Wrong fiscal and economic governments after 2003

He explained, "Government mistakes made the economy rentier dependent on oil only while relying on foreign imports, which led to an increase in unemployment and inflation," stressing that "the government did not change the current financial and monetary policies, so the future of the Iraqi economy will be unsound and in danger, because there is." Alternatives to oil and their prices are now unknown and are changing due to international " .policies and events

Finance: Budget appeals have not delayed their implementation

link

The Ministry of Finance confirmed, on Sunday, that appeals to the general federal budget for the fiscal year 2021 will not delay their implementation.
The ministry stated in a statement that Mawazine News received a copy of, that it "announces the completion of the instructions for implementing the Federal Budget Law for 2021, approved by the Presidency of the Republic."

She added: “In view of the legislation and the publication of Law No. 23 of 2021, the federal state budget of the Republic of Iraq for the fiscal year 2021 in the Official Iraqi Gazette No. The Budget Department, on Monday, 4/26/2021, for the purpose of receiving instructions for implementing the general budget for the fiscal year 2021 and instructions for implementing the planning budget for the public sector and self-financed bodies and companies.

And she continued: "As the federal budget instructions for 2021 were completed after a final audit was conducted by the Ministries of Finance and Planning," stressing that "appeals to the budget will not delay their implementation."

Parliament Presidency meets with the Finance Committee regarding the budget

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On Sunday, the Parliamentary Finance Committee held an expanded meeting with a number of governors to approve the budgets of the provinces.

A source told NRT Arabia, (April 25, 2021), that "the Financial Committee held its meeting in the presence of a number of governors, to approve the budgets of the provinces, as well as to complete the previous meeting related to discussing the implementation of the federal budget for the year 2021."

Earlier today, the Ministry of Finance announced the completion of instructions for implementing the Federal Budget Law for 2021, approved by the Presidency of the Republic .

In a statement received by NRT Arabic, a copy of it, the ministry called , “The spending units of ministries, governorates, bodies and entities not associated with a ministry to come to the Ministry of Finance / Budget Department tomorrow, Monday, for the purpose of receiving instructions for implementing the general budget for the fiscal year 2021 and instructions for implementing the planning budget for the public sector and the funded bodies and companies Self. "

 

An armed faction expects: The coming days will witness more painful incidents!

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The so-called "Cave Friends" group expected, on Sunday, that the coming days will witness more painful incidents, after the fire of the "Ibn Al-Khatib" Hospital in Baghdad.

In a statement received by NRT  Arabia, a copy of it (April 25, 2021), the group indicated that "the state is witnessing the hegemony of corrupt people who claim to serve Iraq and they are, in fact, the poor and exhausted financially and securely in Iraq."

"Economy News" publishes instructions to implement the 2021 federal budget

link    it's in Arabic and 68 pages

Economy News publishes instructions for the 2021 Federal Budget Bill after it is published in the official fact sheet. 

 

To read the learnings click here

 

Washington informs the Central Bank of Iraq its readiness to support its reform plans

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On Monday (April 26, 2021), the US ambassador to Iraq expressed his country's readiness to provide various types of support and assistance to the central bank and the banking sector in Iraq.

A Central Bank of Iraq statement, said that the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mkhaif , had received the US ambassador to Iraq, Matthew Toller.

The statement added that the governor of the bank discussed, during the meeting, ways of joint cooperation between the two countries in the monetary and economic fields, including emphasizing the importance of technical support and joint cooperation to advance the reality of the Iraqi banking sector.

In turn, the American ambassador praised the reform plan adopted by the administration of the Central Bank of Iraq towards the banking sector, expressing his country's readiness to provide various types of support and assistance to the central bank and the banking sector in Iraq.

 Here is another version  this is being posted in many places they definitely want the citizens to see this article

 

Washington is ready to support the financial policy of Iraq
link
Today, Monday, the US ambassador to Iraq expressed his country's readiness to provide support and assistance to the central bank and the banking sector in Iraq

The media office said a statement of the Central Bank of Iraq received by Alsumaria News, "The governor of the bank Mustafa Ghaleb Frightening the US ambassador received in Iraq Matthew Toller.
The statement added that the meeting dealt with ways of joint cooperation betweenBaghdad And theWashington In the monetary and economic fields, including the emphasis on the importance of technical support and joint cooperation to advance the reality of the Iraqi banking sector.

In turn, the American ambassador praised the reform plan adopted by the administration of the Central Bank of Iraq towards the banking sector, expressing his country's readiness to provide various types of support and assistance to the central bank and the banking sector in Iraq

Below is the daily Word on the Street WOTS  report:

Baghdad - Al-Kifah Stock Exchange
148,000
….
Price in exchange (approximate)
147,500
148,500
——————————————-
Erbil / Bursa
148,200
——————————-
Basra / Bursa
148,150 

The Markets:

The Asian markets closed mixed NIK up by .36% HSI down by .43% SHANG 

The UK markets are currently trading in the red mostly from .06% to .12% 

Our futures are currently trading mixed  DOW at 33951 up  by .03% SNP at 4167.50 down  by .10% NDX at 13888.25 down  by .27%

Precious Metals:

Gold is green at 1780 Silver is green  at 26.14 Copper  Platinum  

Brent 64 WTI  61   Bitcoin: 53,407 10 yr yield: 1.58

Favorite Currencies Forex Quotes

Favorite Currencies Major Currency Pairs Major Crossrates USD / Major Currencies Euro / Major Currencies --- Australian Dollar / Majors Canadian Dollar / Majors Swiss Franc / Majors British Pound / Majors Japanese Yen / Majors New Zealand Dollar / Majors South African Rand / Majors Metals --- Favorite Currencies Manage Favorites

Symbol	Bid	Ask	High	Low	Open	Change	Time
USD/IQD	1460.0000	1465.0000	1457.9000	1457.6000	1457.6000	0.3000	16:00
USD/VND	23040.0000	23045.0000	23055.0600	23052.7100	23055.0600	-2.8200	22:45
USD/CNY	6.4842	6.4862	6.4945	6.4837	6.4945	-0.0102	05:26
USD/KWD	0.3005	0.3015	0.3008	0.3006	0.3008	-0.0002	05:26
GBP/USD	1.3911	1.3912	1.3929	1.3864	1.3879	0.0032	05:28
USD/IRR	42000.0000	42210.0000	42097.5000	42097.5000	42097.5000	0.0000	00:00
USD/IDR	14457.0000	14460.0000	14517.0000	14435.0000	14513.0000	-54.0000	05:27

Things in the News:

Rich Hunt for Ways Around Tax Hikes They Were Warned About...

Washington state passes carbon pricing measure... 

 

World's first 'floating' sky pool...

Iraqi Articles:

Oil falls as COV spreads in India

link

Oil prices fell on Monday, as India's CO2 virus spread to the world's third largest oil consumer, as investors assessed demand expectations ahead of the main OPEC+ meeting later this week.

The United States and China are recovering strongly from the epidemic and there are some positive signs from Europe, but the market is facing headwinds from the outbreak of the virus in India. This could be a problem for the OPEC+ alliance, which has agreed to start adding more supplies from May.

Oil's strong start to the year faltered in mid-March as some regions began to see a resurgence of the virus, although prices remain nearly 30% high in 2021, and OPEC+ is scheduled to meet on Wednesday to assess the oil market.

U.S. crude for June fell 0.45% to $61.85 a barrel on the New York Mercantile Exchange at 5:30 GMT.

Brent crude for June crude fell 0.50% to $65.09 on the European Ice Futures Exchange after rising 1.1% in the previous session.

Despite the challenges posed by the Indian crisis, there are signs of a broader recovery, with Ceo Schlumberger, the largest oilfield contractor, predicting that global oil demand will return to pre-epidemic levels by the end of next year, if not earlier, while the Chinese economy continued to prosper in April from record growth in the first quarter.

 

Today.. Zarif in Baghdad to discuss joint cooperation

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Iranian Foreign Minister Mohammad Javad Zarif arrives in Baghdad on Monday as part of a regional tour that will include Qatar to discuss joint cooperation.

"Foreign Minister Fouad Hussein will discuss with his Iranian counterpart the issues of bilateral cooperation and the development of relations between the two countries," foreign ministry spokesman Ahmed al-Sahaf told the official Iraqi news agency INA.

"Zarif will hold talks with senior officials during his visit to Iraq and Qatar," foreign ministry spokesman Saeed Khatibzadeh said.

 On the purpose of his visit to Iraq and Qatar, Zadeh said, it is part of "developing bilateral relations and pursuing regional talks."

 

Sumaisem to "Tigris": Increasing oil prices would eliminate the fiscal deficit

link

The economic expert, Salam Sumaisem, said today, Sunday, that the increase in oil prices could eliminate the financial deficit in the budget, noting that the strict financial policy is paid by the simple citizen.
Sumaisem told "Tigris", "It is possible that the increase in oil prices will eliminate the financial deficit, by investing the increases in bridging the economic gap that exists inside Iraq."

However, Sumaisem said, "There is no sign or glimmer of hope for the improvement of the economic situation in Iraq. Rather, the government has given the impression to everyone that it is on the way to austerity and following the strict traditional measures pursued by the financial policy, which the middle class pays for.

Just a headline at this time no details with the article

Washington informs the Central Bank of Iraq its readiness to support its reform plans

CBI Update:  Just  a note:

They have been having auctions and the ISX has been trading regularly; the sites just don't update in time to put the information in this report, unless it is 
here.   

http://www.cbi.iq/

Click on the link above for the latest update.

The CBI for rate is 1460

The currency auction For April 26th, 2021 total sales amount $ 208,280,000. 

including   $34,650,000. CASH 

ISX Update:   

www.isx-iq.net/

Shares Traded: not updated for today

Value Traded: not updated for today 

https://www.dinarguru.com/

4-26-2021   Intel Guru Frank26  They will soon raise the rate 1 to 1 which is Article 8 which is International status.  Leaving at 1460 and they can go international at 1460 is not going to draw any attention to give the currency of Iraq more potential growth...what is extremely important is what happens to the rate internationally from 1 to 1 outside of Iraq for you.  You've got to know when to hold'm and when to fold'm...it is the REER (Real Effective Exchange Rate) that you and I seek.  We already know it's going to be 1 to 1...they have articles that told us so...the pendulum swing is now going in the direction of the exchange rate that is coming IMO...

4-25-2021   Newshound Guru Kaperoni  Remember, the currency auction was created to not only maintain stability but to provide a source of dollars to merchants in Iraq because the dinar had not been recognized internationally for trading and exchange.  Not only the dinar but the financial system in Iraq was completely rebuilt from the ground up. That is why they went into IMF Article XIV. Giving them several years to build confidence and stability prior to accepting Article VIII engaging with the world financial system.  We expect the currency auctions to end when they accept IMF Article VIII. They will end the auctions, and begin to float the currency which will contribute to the success/growth of the private sector market economy.
[post 2 of 2]

4-25-2021   Newshound Guru Kaperoni  An article...came out from economic adviser Saleh stating Iraq cannot float the dinar because is using the daily currency auctions.  He mentions several reason.  This is true.  They cannot float while they continue to use the currency auctions. Iraq is only one of a few if even that left in the world using a currency auction. Central banks manage their currency by freedom of movement of capital and supply and demand selling blocks of currency to balance the exchange rate on the global financial system.   [post 1 of 2.... stay tuned]

4-25-2021   Intel Guru Frank26  The CBI is about to go on a massive advertising campaign about the monetary reform...inside Iraq... television commercials, newspaper ads, billboards...there's going to be CBI workshops.  The CBI will rent out big auditoriums, gymnasiums...they'll set up table, 'We'll like to explain to you what's going on.'

4-25-2021   Newshound Guru MilitiaMan  This new plan is going to be vastly different in nature from previous era Marshal Plans of the world...The previous were industrial in nature primarily. This one will have and industrial nature of course, but with a new and improved digital component to it...That road is transparency. The new system requires it. The digital world they’ll begin to live with looks to be with the USA help is to go live 05/01/2021 digitally for both Dinar and the Dollar...To do that Interconnectivity is to be international... Article 8 compliant. Cross border payments and settlements for trade require it.. imo...  So with having the E-Gov, E- Commerce, E-Borders and new E-Currency we should see an exchange rate change at or before the roll out of the digital playing field they suggest is to roll out May 01. I am very optimistic...Let’s see what the day brings us. imo.  [post 2 of 2]

4-25-2021   Newshound Guru MilitiaMan  ...with all we know and understand the exchange rate has not thus far gone the direction we have been hoping and praying for. Or has it?  ...The powers that be have been working for years to get the country of Iraq to reconstruct and get back to a rightful place in her region and the world. We can see the progress on many fronts over the past 4-5 years now. But more recently we see a laundry list of crucial items (mechanisms) coming together to facilitate the birth of a new nation of Iraq. ...One that is to have an advancement to their internal and external systems like no other possibly in history or at least our life times with or in respect to the “Iraq Marshal Plan”.   [post 1 of 2....stay tuned]

4-25-2021   Intel Guru Bruce  [via WiserNow]  ...there have been over 1100 arrests – in the last several days there – these have been bankers- financial people – Iranian sympathizers - have all been arrested and removed from the scene -  this was done in 4 major cities – these arrests needed to happen – and they also I think paved the way for us to move forward – so in other words with that done and the rate for the dinar going into the gazette and being internationally seen on Saturday - I think basically that takes Iraq and we can maybe close the chapter on Iraq...

4-25-2021   Intel Guru Frank26   IMO the budget that...is now going to receive an official exchange rate from a sovereign country that...will be shown to be under Article VIII...you can see very clearly that the action of many countries, many companies...they're casting a shadow of the monetary reform.  They're not going to come out and tell you, 'Hey guess what?  They told us they're going to raise the value of their currency.' Because they can't.  It's illegal to do that...a good forensic detective can walk into a room and tell you basically what's happened in the last 24 hours in that room by interpreting the signs, the clues, the patterns...the monetary reform itself is naked.  It's visible...

Catnip's Corner:

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

Prime Minister and Commander-in-Chief of the Armed Forces, Mr. Mustafa Al-Kazemi, holds an emergency meeting with a number of ministers, security leaders and officials at the headquarters of Baghdad Operations Command against the background of the tragic accident in Ibn Al-Khatib Hospital 4

🔵 The tragic accident that occurred tonight at Ibn Al-Khatib Hospital is a painful event. That is why we had to meet on the same night and at this late hour to speak with you and our people clearly.

Mercy for the souls lost as a result of this painful accident, we are instructed as martyrs, and we have also instructed to take care of the wounded at all levels inside and outside Iraq.

I say it frankly, the incident is a violation of the Iraqi national security, and it is a setback in every sense of the word. We must not let such events go unnoticed.

🔵 Such an accident is evidence of a failure to do so. I have directed an immediate investigation and reservation to the director of the hospital, the director of security and maintenance, and all those concerned until the negligence is found and held accountable.

Negligence in such matters is not just a mistake, but a crime for which all negligent parties must bear the responsibility.

🔵 Security and preventive measures must be audited for all hospitals in Iraq, and a technical team must be formed from all relevant ministries to ensure that safety measures are audited in all hospitals, hotels and public places within one week and in all parts of Iraq.

What complacency, we will hold him firmly accountable ... Today, as a result of complacency, innocent martyrs have fallen. Tomorrow if we inaction, others will fall ... No one should tell me an electrical short. This is a defective matter. Examine every wire in every public department or hospital, and any department that invokes an electrical contact I will hold everyone accountable for it.

🔵 Where is the army of personnel for maintenance? Where are the technicians? Where are the regulatory authorities? Where is the security of hospitals, ministries and public places?

🔵 You have a clear directive .. Each director must personally go down and check safety measures, and the Ministry of Interior must prepare its specialized teams for this purpose, and I will not allow a civil defense official to appear saying we have sent official letters, go by yourself and check and check the safety and prevention measures.

Request the results of the investigation into the hospital accident within 24 hours and hold the negligent accountable, whatever it is.

🔵 Directed His Excellency to declare mourning for the souls of the martyrs of the tragic accident.

Media Office of the Prime Minister

April 25, 2021

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

Statement 

The Prime Minister, Commander-in-Chief of the Armed Forces, Mr. Mustafa Al-Kazemi, mourned the martyrs of the tragic accident that occurred at Ibn Al-Khatib Hospital in the capital, Baghdad.

Mr. Al-Kazemi ordered an immediate investigation into the causes of the accident with the concerned persons in the ministry, and he ordered the hospital director, the director of security, and those responsible for maintaining equipment in the hospital to be brought in to immediately investigate them on the background of the accident and to reserve them until the investigations are completed and all those who are legally negligent are held accountable.

The Prime Minister directed to grant the families of the martyrs of the accident all the rights of the martyrs, and to direct the state’s capabilities to treat the fire wounded, including treatment outside Iraq.

Media Office of the Prime Minister

April 25, 2021

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ARTICLE 2 (from Government of Iraq twitter account)

Government of Iraq - الحكومة العراقية

@IraqiGovt

·

1

4-15-2021 around 8:50 am Eastern

PM @MAKadhimi also decides to suspend from duty the Minister of Health, the Governor of Baghdad and the Director General of Al-Rasfah Health Department in Baghdad and to refer the three senior officials for investigation.

PM @MAKadhimi chairs an emergency session of the Cabinet following the tragedy of Ibn Al-Khatib Hospital in Baghdad on Tuesday and decides to launch an urgent inquiry chaired by the Minister of Interior, to report within five days, into the events that led to tragedy.

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ARTICLE 3

Al-Fateh warns of massive popular demonstrations and calls Parliament to a closed session

4/25/2021 16:16 

[Baghdad-Where]

The Al-Fateh Alliance, led by Hadi Al-Amiri, warned, on Sunday, of a wave of massive popular protests that put the country on a "hot tin" due to the deterioration of the service and health conditions, calling on the House of Representatives to hold a closed session away from the media and political auctions to find solutions.

Al-Fateh said in a statement, "What happened during the past two days in Al-Wahda area and the tragic incident at Ibn Al-Khatib Hospital yesterday evening is a crime that cannot be tolerated, which is a breach of the conditional covenant that the government committed to at the beginning of its formation a year ago."

He added that the government "pledged to meet the people's demands and to ensure the comfort and stability of the citizen, not to return to violence in the face of demands and arrests among the demonstrators who went out in Al-Wahda district because of the continuous power cuts, which were increased by the fire of the fire that accused the bodies of dozens of citizens in the worst two days of the past." The Iraqi people in this month. "

The coalition stressed that "a health and service reality in this dire and frightening reality exposes the country to a high wave of popular protests, places it on a hot plate and pushes social conditions to further deterioration."

He stressed that "the fall of dozens of innocent martyrs in Ibn Al-Khatib Hospital, and the wounded and martyr in Al-Wahda district, south of Baghdad, is something that cannot be bypassed without taking serious steps commensurate with the scale of the humanitarian catastrophe. Therefore, we call for an immediate investigation into the two incidents in order to diagnose the defect and hold the negligent accountable."

He continued, "We have to move to find appropriate solutions against the background of one concern and the common political will to end the two files of health, its dire reality, electricity and its continuous and exhausting cuts to people, especially in the month of Ramadan."

He cautioned that "political investment in the social crisis and seizing the opportunity of the various fires that the country is going through will never lead to a real end to the tense conditions in which we live. On the contrary, this will lead to more failures and setbacks that will be paid by the simple citizen of this people."

The Al-Fateh Alliance called on the members of the House of Representatives to "a closed session away from the media, the verbal and political auctions, and the accompanying shipping and political grinding and settling mass and political accounts in the presence of the Ministers of Health and Electricity to hold accountable the negligent in these two ministries and to develop immediate solutions that address the electricity crisis and the great deterioration in the field of health services."

He concluded by saying that "the situation in the country no longer allows for more relaxation and political theorizing, and we must rise to the level of national responsibility."

88 people were killed and 110 others were injured when a fire broke out in the "Ibn Al-Khatib" hospital, which is designated for people with Coronavirus, southeast of the capital, Baghdad.

On the other hand, Al-Wehda district, south of the capital, last Friday evening, witnessed massive popular demonstrations in protest against the decline in electricity supply as well as the deterioration of service conditions, and clashes occurred between demonstrators and security forces that resulted in the killing of a demonstrator and wounding dozens.

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ARTICLE 4

Economic Committee: We support the government's intention to withdraw the lagging investment licenses

4/25/2021 17:36 •

[Baghdad-Where]

The Parliamentary Economic and Investment Committee hosted Suha Al-Najjar, head of the National Investment Commission, to review the work progress of the commission, as well as discuss a number of important investment projects.

Committee Chairman Ahmed Salim Al-Kinani said, "The Economic and Investment Committee supports the government's approach to withdraw lagging investment licenses."

Al-Kinani called the National Investment Authority to "study the files of lagging investment licenses and follow the legal contexts against violators according to the applicable investment law."

Al-Kinani added, "The committee has previously called on the National Investment Authority to withdraw the investment licenses that have been lagging, which have been granted for a long time, and no progress has been made in its projects based on the investment law that imposed penalties and fines against violators, including the withdrawal of the investment license."

Al-Kinani explained that the cancellation of the investment license is not related to the end of the period of implementing the project itself and has not started with it. The red tape and bureaucracy in government departments that deal with the investor, as well as the contradiction of some decisions issued contrary to the laws in force, which complicates the investment work and enters it in complex circles.

Al-Kinani stated that there must be specific timings that government agencies adhere to, which is outrageous to facilitate the investment process, starting from granting licenses to approving designs and other implementation procedures that government agencies adhere to. In return, there must be a commitment by the investor to complete the project according to The specific timings and the imposition of legal measures against the investor who is lagging in the absence of a real excuse for delaying work.

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