More News, Rumors and Opinions Monday Afternoon 11-23-2020
TNT:
Tishwash: Expectations for Brent crude to reach $ 53 a barrel
Barclays Bank expects the average price of Brent crude to reach $ 53 a barrel, and US crude at $ 50 a barrel.
The bank confirmed in a note to its customers today, Monday, that the potential launch of highly efficient vaccines in the short term may represent a turning point for demand, as it may lead to a more sustainable economic recovery ... according to Reuters.
The bank expects OPEC and its allies to delay raising production targets by three months, when the group meets later in November.
The oil market suffers from a lack of demand, with the increase in global closures due to the spread of the Covid-19 virus.
During today's trading, futures contracts for "Brent" crude for January delivery rose by 0.6% to $ 45.21 a barrel, and US "Nymex" crude contracts for January delivery rose 0.4%, recording $ 42.59 a barrel link
Tishwash: Al-Rafidain: Savings and checking accounts for citizens who have deposited their money amounting to 2198
Al-Rafidain Bank announced, on Monday, that the number of accounts opened for citizens and other groups in its branches in Baghdad and the provinces during last October amounted to 2,198 savings and current accounts.
The media office of the bank said in a statement that "the information" received, a copy of it, that "the number of current accounts that were opened for citizens and other groups reached 219 accounts, while the number of savings accounts for citizens reached 1979 accounts."
He added that "the bank continues to open accounts for citizens who wish to deposit their money in the bank and obtain benefits according to conditions and controls set in place. The bank’s customers can visit its branches in Baghdad and the provinces to see them." link
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Courtesy of Dinar Guru
Jeff ...There's a very good chance that we will most likely see the rate change during this 2020 Iraq fiscal period...because they got the borrowing law. That was money needed to fund the reforms in their budget...that's really good news that we saw Iraq do the borrowing law. The borrowing law simply means they can change at any time...
Pimpy ...always ask yourself what are the odds of them allowing people to know in advance that a rate change is about to happen? It would cause a tsunami of people, speculators, running over there and trying to grab more dinar and causing more problems for Iraq...
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KTFA:
Samson: For the first time in 8 centuries ... the world is looking forward to an astronomical event that everyone will see
23rd November, 2020
Astronomers said that the two planets, Jupiter and Saturn, will approach each other on December 21, to a large degree not recorded for about 800 years.
The two planets began approaching each other since last summer, and it is expected that they will appear at a later time, and the distance between them has become less than the distance of the full moon. According to the British newspaper "Daily Mail", the two planets will reach this degree of proximity, directly after sunset, when the winter solstice occurs.
It is expected that this scene will be visible from any point on the planet, but those at the equator will be more able to observe it. In the British capital, London, for example, the two planets will be close to the horizon, an hour after sunset, and this telescope observation will be possible between 16 and 25 of next December.
The two planets will not return to close together, to this degree, until the fifteenth of the year 2080, at which time, they will be at a point higher than the earth, and their visibility will be possible for a longer period. After that, this convergence of the two planets will not happen again until 2400, that is, after many centuries.
Patrick Hartigan, astronomer in astronomy at Rice University in Texas, said that getting close between these two planets is rare. The American academic added that the approach is an exceptional event, given the large degree of proximity expected next December.
He pointed out that these two planets will look like a double moon on December 21, and the distance between them will only be about 20 percent of the full moon’s diameter. And everyone who uses the telescope will see each of the two planets, in addition to their moons, during the same evening. LINK
Iraq CBI & BIS Agree To Rebuild Currency Reserves
Currency365: Nov 23, 2020