News, Rumors and Opinions Thursday Morning 1-7-2021
TNT:
Tishwash: Three reasons for the central bank's decline in sales: this is what's going to happen next
On Thursday, Adm. Jamal Cougar, a member of the parliamentary finance committee, identified three reasons for the decline in the central bank's sales.
"The previous sales of the central bank through its daily auction were not real, they covered more than the market needs," Cougar told Shafq News, adding that "the purpose of the merchants and banks who were buying the dollar through this auction was profit and that these profits were reduced, which affected the bank's sales."
"The proliferation of speculation in the markets was a second reason for the low sales of the central bank, as the savings of the citizens have not yet fully ended," he said, adding that "the end and return of savings to their previous places, people will accept the new government rate."
"The real trader or investor who needs the dollar will now turn to the market to get the dollar because it is cheaper than the central bank and therefore it is another reason for the low sales of the central bank," cougar said.
It is noteworthy that the central bank's sales declined after the central bank raised the exchange rate of the dollar to record sales of 8 million dollars in the last auction session held by the central bank after it reached more than 200 million dollars." link
Tishwash: A $ 10 difference between its "Iraqi" and international price ... a member of Parliamentary Energy comments on the rise in oil prices
A member of the Parliamentary Oil and Energy Committee, Mahmoud Al-Zajrawi, said, Wednesday, January 06, 2021, that the new oil prices cannot be formally adopted in the financial policy.
Global oil prices rose above 52 dollars a barrel yesterday, at a time when the Iraqi Ministry of Finance drew the budget based on the price of 42 a barrel.
The rise in oil prices, above 52 dollars per barrel, cannot be trusted with much, because prices are fluctuating and not yet stable, and they cannot be relied upon in drawing the country's financial policy.
He added that "oil prices always change with rapid ups and downs, after every development related to the Corona virus epidemic, or any security tension that occurs at the level of countries."
A member of the Parliamentary Oil and Energy Committee stated that "Iraqi exports cannot be expected about them, but indications indicate that oil may rise gradually."
Yesterday, Monday (January 4, 2021), the price of a barrel of oil rose above the level of $ 52 per barrel, achieving an increase of more than 1 percent of its price.
Brent price reached $ 52.40 a barrel, with a rise from the last price of 1.11 percent.
OPEC oil also achieved an increase of more than 60 cents per barrel, bringing its price to 50.78, while Russian crude oil reached $ 52. link
*************
Courtesy of Dinar Guru
Walkingstick & Frank26 If we progressively see the auction numbers continue to fall that's another confirmation that the American dollar is about to leave the Iraqi market and very soon to be replaced with a new... denomination and a new exchange rate for these new small category notes. It's that simple. It's not complicated. It's on course.
*************
Wednesday Night X22 Financial Report
Ep 2371a – [CB]/China Economic System Are Now In The Process Of Being Destroyed
Nigel Farage says the BREXIT will not work for the people of the UK. Trump and the patriots are now pushing to bring down China economically, first it was tariffs and now they are being delisted from the NYSE. Nigel Farage says the BREXIT will not work for the people of the UK
Major Banks Turn Silver Bulls for 2021.
Jan 4, 2021
This video explores why some of the largest investment banks are big silver bulls for 2021. We discuss the price targets that three large investment banks have for silver and we also consider a further fascinating way of gaining exposure to silver through a high quality exploration firm: Silver Dollar Resources whose shareholders include Eric Sprott and First Majestic Silver.