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The World Bank informs Iraq of its unwillingness to discuss any new loan for Baghdad with the status quo 3/24/2020 Baghdad - Mawazine News revealed a senior Iraqi official in Baghdad, on Tuesday, that the World Bank informed Iraq of its unwillingness to discuss any new loan to Baghdad, the current status of the country. The official said, "The option of external borrowing, as one of the government's means to alleviate the financial crisis, is not raised due to assurances received from the World Bank that it is not ready to discuss any new loan to Baghdad in the current state of the country," noting that "recent government decisions were unsuccessful and contributed to increasing Financial deficit. " He added, "These decisions are represented in the employment packages launched by the government, and they were all courtesy motives at the expense of the actual need, and have so far reached more than a quarter of a million jobs." Ended 29 / A 43 https://www.mawazin.net/Details.aspx?jimare=91691

3-24-2020 Newshound Guru Pimpy I think once this coronavirus starts to subside a little bit you're gonna see some very very very quick actions. A lot of movement in Iraq. I really think they cannot continue to exist this way without a rate change. Whether they get to reinstate at $3.22 or whether I'm right and it's gonna be somewhere around $1.34... 3-24-2020 Newshound Guru Jeff ..."I didn't say the rate changed". I said, "the rate change process started". We are in the middle of the rate change process right now. It has started...IMO we are approaching the end...! 3-24-2020 Newshound Guru Breitling ...a little bit of privileged information. They kind of have a choice coming up. Do they want to revalue at a certain rate and then when the markets correct itself add value to it and get into the markets at a little bit of a higher rate so they can get gains on it. Because here's the problem, they can add value to their currency today they've always had that ability...but if they're not investing that they're not getting a return on it. They're just keeping their economy afloat...they have to structure this thing to where they can get into the markets...the more that they wait - the more that the market is in the position it's in - the higher the rate you and I get. And that's what's exciting. Because it just accelerated...! 3-24-2020 Intel Guru Frank26 [Question: Is it possible for the RI to be pushed out several months from the coronavirus epidemic?] Of course it is, but the way it's moving right now in the direction that it's going crescendo - peaking - almost over with, manufacturers helping, the whole economic world is not listening 'Oh it's a disaster' instead they're holding back and they're gonna move the moment Trump tells them. [Q? : So is it possible that the RI could be pushed out several months...?] Based on all those things that we've been saying and studying, no I just don't see that. 3-24-2020 Newshound/Intel Guru Mnt Goat Article: "THE US STATE DEPARTMENT REFUSES TO CONSIDER AL-ZARFI AS "SUPPORTED" BY WASHINGTON ONLY BUT RATHER SUPPORTED BASED ON PRINCIPLES FOR IRAQ" Quote: "The United States did not focus on individuals, but rather on principles related to the appointed Iraqi Prime Minister, Adnan Al-Zarfi..." please don’t go off half-cocked thinking this article means that the US does not support the new PM candidate al-Zarfi. This is NOT what it is saying. Instead Mr. Schenker is just down playing the inference that the US is controlling Iraq by supporting the new candidate and a puppet to the US. Instead he wanted to tell everyone the US supports the principles behind the man not just supporting a puppet prime minister...Actually this is really good news! 3-24-2020 Intel Guru Frank26 Question "Now that the auctions have been stopped..." You have to be careful with that. They've been stopped because of the curfew. Because of the virus. Will they come back? Will they come back different? Will they come back at the program rate? Will they come back with only their currency at a program rate or a new rate? This is where we're at with my teams... Question continues. "...in your opinion is Iraq implementing or planning their next course of action?" Yes. That's what our studies have all been. I believe their next course of action was to stop the auctions. To stop using the American dollar. BUT they did that! So I wonder what they're gonna do next - suddenly..!

Finally, the adult in the room says no more money. The World Bank should have done this 2 loans ago because making the thieves richer doesn't help the Iraqi citizens. This bad news to the crooks of Iraq could be just the thing to force them to think of the citizens for once an do the right thing. Thanks Mary B for the article......

Thanks Mary B, it is about time.

Once Again, NO Daily Auction today. Tuesday - 3/24/2020 The ISX has reopened today for business - no reported currency change. That's 8 consecutive days (2 days closed), 6 no Auction days.

Iraq: Gimme, gimme, gimme. World Bank: Talk to the hand!

I did not see this article when I posted on another thread. I stated as much that the IMF said politely to Iraq in June 2019 that this day was coming. This is just the World Bank. The IMF is next.

I am not an American option, and I will hold the killers of the protesters accountable. Adnan Al-Zarfi reveals his priorities - One Hour Passed Iraqi Prime Minister-designate Adnan Al-Zarfi revealed his priorities in the event that his government formation succeeds in gaining the confidence of the parliament. This comes in conjunction with the start of five Iraqi blocs dialogue to present a new candidate for prime minister, and Haider al-Abadi's coalition rejected this trend. Al-Zorfi said - in statements to a group of journalists today - that his assignment from President Barham Saleh was natural and was not the result of a deal with him, stressing that it is an Iraqi option first and last and not an American option as some accuse him, explaining that he went to the United States and obtained his citizenship obligated after being narrowed by it Prisons and detention centers during the previous regime. He pointed out that he will seek to change the negative world view towards Iraq and build balanced relations with regional and international powers on the basis of common interests with a priority for national reconciliation, pointing out that he started his consultations to form the government and his progress in that depends on the agreement of all political parties and components. He stressed that the duration of his government’s duties will be one year during which preparations are made for early elections, stressing in this regard his willingness to hold these elections within three months if the political blocs agree to this. Al-Zarfi summarized his government program according to the challenges facing the country, the most prominent of which is "the external challenge, including the Security Council and the International Alliance, as the position on Iraq appears negative, and we may face sanctions unless this is taken into consideration." The second challenge, according to Al-Zarfi, is “for the people's protests, which must be dealt with as a priority, especially since the primary demand of the demonstrators is to hold early elections, which must be worked on, as well as to deal seriously with the file of killing and kidnapping the demonstrators, as this cannot be condoned under Any excuse. " Advertising He pointed out that the challenge of the financial crisis that Iraq is currently experiencing due to the collapse of oil prices, is one of the most important things that must be faced and working on it in all seriousness, noting that "Iraq now lives on the cash surplus provided by the government of Haider al-Abadi." He said that the last challenge is the Corona virus, which requires a serious pause at all levels. Division over commissioning While Al-Zarfi embarked on a series of informal consultations with several political parties awaiting the Shiite blocs taking a decisive stance towards his mandate, these blocs continue - the coalition of state law (26 seats in Parliament out of 329), the Al-Fateh coalition (48 seats), and the contract bloc The National (18 seats), the Nationalist Bloc (8 seats), and the National Wisdom Stream (19 seats) - dialogues to agree to present a new candidate to the President of the Republic in his place, explaining this by the mechanism of his choice and that it is in violation of the constitution. On the other hand, the victory coalition led by the former Iraqi Prime Minister Haider al-Abadi rejected the dialogues taking place to present a candidate instead of Zarfi. The coalition - whose membership includes Al-Zrafi - said in a statement that "the ongoing dialogues regarding the nomination of a new candidate for prime minister are against the constitution, and it is not permissible to nullify the mandate and go for a new representative before the end of the constitutional period." He stressed the need to "give the taxpayer his constitutional opportunity, in compliance with the legal contexts and national solidarity." And last week, Iraqi President Barham Saleh commissioned Al-Zrafi to form the new government, after former Prime Minister-designate Muhammad Tawfiq Allawi stepped down after failing to persuade the political blocs to support his cabinet and his government program. The next government will succeed the government of Adel Abdul-Mahdi, who resigned on the first of last December, under the pressure of continuous popular protests since the beginning of last October. Source: Anatolia Agency, Iraqi press LINK

At first glance he appears progressive and looks like he would facilitate an RV to move the country forward. We will see. He too can be a wolf in sheep's clothing

ISX Was Opened For Business - 3/24/2020 No indicated currency changes for transactions http://www.isx-iq.net/isxportal/portal/homePage.html http://www.isx-iq.net/isxportal/portal/marketPerformance.html?marketType=0

That's the million dollar question brother. In my humble opinion, I think that Iraq is having a liquidity issue at present and the availability of USD is tougher to come by, due to the Corona Virus. Now, that doesn't mean that an RV is not possible right now, on the contrary, if they were looking to solve that liquidity issue, now would be the PERFECT time to change the value. The WMF has told Iraq, basically "no more loans" that they must look to other sources, other then oil to promote the economy. We are in very interesting times sir, and Im sure at some point this will all come to a head and we will know the TRUE identity of the value of the IQD, but with the global economy in a whirlwind of activity, its really hard to put a handle on anything right now. I trade the Futures markets, everything from Crude to Forex is just taking a pounding, and with billions and in some cases trillions of dollars being injected into the system to prop up economies, I'm just not that confident the a quick RV will be on the immediate horizon. I believe the world in in a "re calibrate" scenario, and until things settle down, we will have a more broader picture of global events. I could be way out there, but in the end, who REALLY knows?

Interesting 🤔 No daily auctions at the CBI for 6 days in a row and now the ISX resumption of trading activity on March 29/2020. Do you guys think, this is all related to the coronavirus pandemic? In my opinion is not.

Interesting 🤔 No daily auctions at the CBI for 6 days in a row and now the ISX resumption of trading activity on March 29/2020. Something is in the works at the CBI. just my opinion.

I need to set the record straight. My wife is not a FF. The clothing store she goes to has a bazillion bras on display. We often remark how miserable the women that have to buy the large (her words not mine Boulder holders) EE, FF must be. It was these I was referring to.

Once Again, NO Daily Auction today. Monday - 3/23/2020 This, along with the ISX closed is a very interesting prospect. That's 7 consecutive days (2 days closed), 5 no Auction days.

Great article! It’s about time WB!!

Luigi found this article of Dinarian interest... It's official...OOM has been cleared to land. It must be the real Full Meal Deal. Land that plane, taxi to that gate & RV that IQD. Treat as a rumor. Not varafied. Your opine. 3-23-2020 Intel Guru Okie_Oil_Man JUST A FAST FLY-BY — I AM BEING TOLD TO EXPECT LANDING PERMISSION WEDNESDAY 3-25.

Thank you all for your comments. @NoviceInvestor @Half Crazy Runner @Wiljor @jcav We patiently wait and hope for the best..... Go RV..... Go ASAP

Holy Crap - They’re Having Consultations With The Shiite House ! ‘Butt’ So Far The Consultations Seem To Be Having Constipations ... Designated Iraqi Prime Minister: I did not come up with a deal with Saleh ... I am not an American option The formation of the government began consultations with the Shiite House disputes continuing Monday - 28 Rajab 1441 AH - 23 March 2020 AD Baghdad: Hamza Mustafa Iraqi Prime Minister-designate Adnan Al-Zarfi denied that he had come in a deal with the President of the Republic, Barham Salih, or that he had come with the aim of breaking the will of anyone, in response to the accusations against him and the president regarding the mechanism assigned to him to form the government without a Shiite-Shiite agreement. Al-Zarfi During his meeting with a group of Iraqi media professionals attended by "Al-Sharq Al-Awsat" at his residence yesterday, he said: "My assignment came naturally, being one of the candidates for the position, and the deadline for the constitutional deadline to choose a commissioner to form a government was not met, and it was not through a deal in any way with President Barham Saleh. ” Al-Zorfi added, “The commissioning method is very natural, especially since the President of the Republic has exhausted all the methods that can be followed, whether he adheres to the constitutional deadline, and his request to the political blocs concerned to resolve the matter a day before the end of the deadline, in addition to directing an inquiry to the Federal Court.” Regarding what is said about being an American option for the position, he stressed: “I am an Iraqi option first and foremost, and if one is forced during a period of his life where prisons and detention centers were constrained during the time of the previous regime, to compel him to this or that country, including the United States, to become an American This is an unreasonable logic. He explained that «what concerns me primarily is building balanced relations with all countries of the region; whether they are Arab as the surrounding Iraq is Arab, and Islamic as the Iraqi vicinity is also Islamic, in addition to establishing a balanced state relations with regional and international powers on the basis of shared interests with priority of our interests National ». And regarding his options in forming the next Iraqi government in light of many crises, including the crisis of his relationship with his partners in the Shiite house, Al-Zorfi said that he began yesterday his consultations to form the government “that interests me to participate in everyone”, indicating that it is “in addition to being a crisis government in view of "Because of the nature of the challenges it faces that require everyone's participation in it, its mission will be only a year during which preparations are made for early elections." Al-Zorfi stressed that «the decision to hold early elections is not only a government decision; as much as it is a political decision related to the nature of the preparations of the blocs and political forces to conduct such elections, and therefore, if the political blocs asked me if I went ahead in forming the government to conduct them within 3 months, I I will be ready for that. ” On the persistence of divergent attitudes within the Shiite house about him, Al-Zorfi says that "regardless of the positions, I will only move with the agreement of all parties and components, because I want a government in which everyone participates", revealing his continued contacts with the various parties, including those that still maintain reservations On his choice. Regarding the government program that Al-Zrafi will present to the political forces, he pointed out that "my government program is brief according to the main challenges we face now, which is the external challenge, including the Security Council and the International Alliance, as the position on Iraq appears negative, and we may be subject to sanctions unless We take that into consideration. ” As for the second challenge, which Al-Zorfi considered important during the coming stage, it is “the mass protests that must be dealt with as a priority of our work, especially since the main demand of the demonstrators is to hold early elections, which must be worked on, knowing that the demonstrations were pure Iraqi, and did not It was partisan or politicized, and therefore it is necessary to rise to the level of what it represented as a challenge to all of us as a political class and society ”, indicating that“ among what must be done at the level of demonstrations is to deal seriously with the file of the killing and kidnapping of demonstrators, as it cannot be tolerated Under what pretext. And Al-Zrafi said, "The challenge of the financial crisis that Iraq is currently experiencing due to the collapse of oil prices is one of the most important things that must be faced and working hard," noting that "Iraq now lives on the cash surplus provided by the government of Haider al-Abadi." He explained that «among the things that must be worked on is to conduct negotiations with OPEC countries in this regard, in addition to taking effective measures in the field of encouraging investment and providing job opportunities. And on the last challenge that needs to be faced, he said, "It is a (Corona) challenge that requires us to take a serious stand at all levels, and that is what we will focus on in my government program." LINK

3-23-2020 Newshound Guru Pimpy I agree with Trump. Once we get out of this coronavirus thing our economy is going to slingshot IMO...Trump thinks we're gonna be out of this by April. Well one of the things you could do is change the rate of the Iraqi dinar. We know people are holding it including countries everywhere. You can give the appearance of a stimulated economy... 3-23-2020 Intel Guru Frank26 ....one, two, three are the things we've dreamed about for years in order to raise the value of the currency. Security. Stability. Stop the auctions and they're not using the American dollar...if I was Steven Spielberg I don't think I could have even come up with a greater scrip than this for a Hollywood movie. 1-2-3 and then go to the bank honey..! 3-23-2020 Newshound Guru Breitling Iraq can't just add value for no reason. Because any country could just add value to their currency. Why can Iraq add value? Because they are artificially below...it's not a foreseen thing, 'oh, Iraq is just going to add value to their currency.' No. They're correcting the value of their currency. That's actually the correct term. The Iraqi dinar is not at its correct value. They are artificially keeping it low because based on their supply times velocity and how they back up their currency they just print more currency and the value goes down. We have articles that specifically say that. What happens when they pull currency out of their markets? Their value goes up...It's not a far fetched thing that Iraq needs to add value to their currency. A. It's correcting the value of their currency. B. They need to because they have no options... 3-23-2020 Newshound Guru Jeff ...we know that they're not gonna want people coming into the banks regarding the whole coronavirus especially with the lock-downs...we ultimately know that the Trump Administration is in charge and then we know that Iraq's economically is going to start suffering if the rate doesn't change. There could be a solid chance that Iraq and Trump have met in the middle of this. Maybe they agreed to change the rate IMO tentatively agreed to change the rate during the month of April. Because April will start the new fiscal year...it gives the US a chance to implement a lock-down process for say two to three weeks...there could be a good chance they've selected the first half to the middle of April to change the rate... 3-23-2020 Newshound Guru Pimpy ...I got in a dispute with somebody. He keeps telling me that the IMF controls the rate of the Iraqi dinar. They don't control the rate. They make recommendations on monetary policies...The IMF works with the World Trade Organization and works with the United Nations. The United Nation is the one that has the sanctions on Iraq right now. People are going 'no they don't'. Yes they do...the CBI sets the rate under the guidance of the IMF and WTO. It does no good for the rate change if the UN doesn't allow them to be recognized internationally...once the CBI makes the rate change the currency must be recognized internationally. If the GOI had their way the rate would have been set exactly at $3.22. They have been bugging for year to have their rate reinstated...

I’m not panicked. It’s real simple he showed up the boss and lost his TV time. I’m sure he’s still giving the CV committee his advice.

I agree. Nothing will have changed regarding the virus by March 29. There is something else happening here.

It appears I was mistaken...as I watched the tickers it reflected activity for 3/24/2020, but I didn't see this page.

Thanks Thug....he may just be the right man to get Iraq on the right track...let's hope & pray.

Lucky for Iraq, they, unlike other countries, have a way out. All they have to do is stop deliberately keeping the rate on their currency way below its market rate. Come on Iraq, you know you should!!!

If only! The one thing I have learned about the Iraq government is that they don't give a damn about the people of Iraq! JMO

Your poor wife, her back must be killing her I'm a D and mine hurts. Starr

Thanks Mary B Time for the RV.

Would have to agree at this point. We will have to wait and see.

I would have to agree. This may very well be what we have been waiting for.

You are right but they also said for price adjustments. What adjustments are needed for closing due to a virus? Plus the auctions stopped as well. That thievery has little or nothing to do with a virus.

They are at it again:

He showed up today so the Snowflakes can relax now. Geez

Agreed LB, it's interesting but I'm wondering why they extended the opening for another 5 days. Their blaming it on the Health Crisis Cell in Iraq but the coronavirus won't be resolved by Sunday...

Resumption of trading activity in securities in the Iraqi market for securities as of Sunday, 29 March 2020 According to the decisions of the Health Crisis Cell in Iraq http://www.isx-iq.net/isxporta.....038;type=2

I think the ISX is related to the drop in oil prices and the Corona Virus. It is also a perfect time to reset for a possible RV. I think, respectfully, you are half correct. The auctions are not a result of the virus. The ISX may be. I totally agree here with you. Nothing will change virus wise by March 29.

To GOI - Go pound sand GOI - STOP ....literally - STOP Pull your head outta your butts - STOP Works for me

Navira is here to hype this investment, not deal with facts. People here have known that for quite some time. I trade options, and your take is spot on here. Stay grounded, everyone. These are fear-ridden times right now. Don't buy into ANY hype. Your emotional and financial well being depends in it more than ever these days.

Yes it is about time Thanks MaryB

Parliamentary Finance: The global crisis, low oil prices are temporary, and employee salaries are insured for a full year 2020/03/23 10:30 Baghdad / Obelisk: Member of Parliamentary Finance Committee, Ahmed Al-Saffar, said on Monday, 23 March 2020, that the global crisis represented by low oil prices is temporary, confirming that the salaries of employees are insured for a full year because there is a financial surplus capable of securing them. Al-Saffar said in a statement pursued by the "obelisk", that the global crisis represented by low oil prices is temporary and may not last more than a month or two at the most, noting that its causes are known and it is an outbreak of the Corona virus, in the world and its impact on large production plants in Japan and China. And Europe, which led to lower oil demand, and producers entering a price war and flooding the market with crude oil, which led to lower prices. He indicated that the oil exporting countries do not bear more losses and could end the crisis during the next month or the next. He continued that keeping oil prices at their current level will not harm Iraq, as it can pay the salaries of its employees for a whole year, from the surpluses of the 2019 budget for investments and many exchange doors in other ministries, in addition to that Iraq is a country that has a cash reserve in the central bank and may be resorted to internal reserves or External, in addition to methods related to monetary policy, open market operations, the interest rate, or the legal reserve of banks. Al-Saffar hinted that Iraq could also resort to external borrowing in the event of an emergency and crisis after it banned it in last year's budget. https://almasalah.com/ar/news/

Hey my brother Synopsis, all good here sir. We are hunkered down for the wait till this passes. This resort town of Cancun is empty, 90% percent of us are officially laid off till further notice, hotels are closed, restaurants, pretty much everything. Kinda of a strange feeling I must say, always lots of hustle and bustle and now, ghost town. But, we know it’s for the better. wishing you and your loved ones health and safety my brother, and for sure, will be hanging out with you all more often.

i know u know this but some might not but the CBI auctions sell the United States Dollar not Iraqi dinar , this is how for a long time Iran abused the auctions & skated around US sanctions by selling counterfeit iqd to get usd .... we wait cheers dv'ers be well

03/23/2020 10:30 Views 69 Section: Iraq Parliamentary Finance: The global crisis, low oil prices are temporary, and employee salaries are insured for a full year https://almasalah.com/ar/news/189808 Baghdad / Obelisk: Member of Parliamentary Finance Committee, Ahmed Al-Saffar, said on Monday, 23 March 2020, that the global crisis represented by low oil prices is temporary, confirming that the salaries of employees are insured for a full year because there is a financial surplus capable of securing them. Al-Saffar said in a statement pursued by the "obelisk", that the global crisis represented by low oil prices is temporary and may not last more than a month or two at the most, noting that its causes are known and it is an outbreak of the Corona virus, in the world and its impact on large production plants in Japan and China. And Europe, which led to lower oil demand, and producers entering a price war and flooding the market with crude oil, which led to lower prices. He indicated that the oil exporting countries do not bear more losses and could end the crisis during the next month or the next. He continued that keeping oil prices at their current level will not harm Iraq, as it can pay the salaries of its employees for a whole year, from the surpluses of the 2019 budget for investments and many exchange doors in other ministries, in addition to that Iraq is a country that has a cash reserve in the central bank and may be resorted to internal reserves or External, in addition to methods related to monetary policy, open market operations, the interest rate, or the legal reserve of banks. Al-Saffar hinted that Iraq could also resort to external borrowing in the event of an emergency and crisis after it banned it in last year's budget. Follow the obelisk