News, Rumors and Opinions Thursday Morning 12-17-2020
TNT:
Tishwash: The 2021 budget law includes raising the dollar exchange rate to the highest level since 2003
According to the initial version, the government may raise the price of the dollar in the central bank to 1450 dinars, or 145 thousand dinars for every 100 dollars.
And IQ News published the draft fiscal budget for 2021, which included taxes that raise fuel prices and everything .
The draft included imposing taxes on gasoline and aviation fuel at a rate of 20 %.
The price of a liter of "regular" gasoline will be 540 dinars instead of 450, and kerosene will increase by 15% .
The draft imposed a 10% sales tax on all malls, cigarettes, cars, alcoholic beverages, and barber shops for men and women link
Tishwash: The jump in the dollar and the budget copy push Parliament's finances to an emergency meeting
The Parliamentary Finance Committee announced, on Thursday, that it will hold, this afternoon, an emergency meeting to discuss the reasons for the high price of the dollar, and to discuss the draft budget law.
The Media Department of the House of Representatives said in a statement, which "People" received a copy of, (December 17, 2020), that "the Finance Committee will hold an emergency meeting this afternoon to discuss the reasons for the high exchange rate of the dollar, and to discuss the leaked draft budget law for 2021." link
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Tishwash: Oil prices exceed $ 50 a barrel
Oil prices hit a nine-month high, early Thursday, after US government data showed that crude stocks fell last week, amid optimism about the coronavirus relief package in the United States.
Thursday, Brent crude futures rose 28 cents, or 0.6 percent, to $ 51.36 a barrel, while US West Texas Intermediate crude futures rose 27 cents, bringing the price a barrel to $ 48.09.
Both measures reached their highest levels since early March.
The Energy Information Administration said that US crude stocks exceeded the expectations of analysts who had predicted a decline of 1.9 million barrels, after the stockpiles rose in data last week.
Analysts told Reuters that production also fell, for the first time since late October.
The Energy Information Administration said the operation of crude oil refineries fell by 253,000 barrels per day last week.
Refinery utilization rates decreased by 0.8 percentage points in the week.
To boost oil prices as well, the Federal Reserve said, Wednesday, that it will stick to its low interest rate policy as lawmakers close to agreeing on an additional $ 900 billion in government aid in the midst of the coronavirus pandemic, including $ 600 to $ 700 in stimulus checks and extended unemployment benefits. .
On Thursday, the United States expanded its campaign to provide Corona vaccines on the front lines facing the epidemic that killed more than 2,500 Americans daily, and this also contributed to supporting oil prices link
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Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 ...in my strong opinion the tellers are now going to be introduced to new counting machines...they have the software for the new small category notes that are going to be introduced to the citizens. The tellers this week will be learning the new protocol of the currency and of the new banking system...with their right hand they will hold the new small category notes in order to practice how to use the machine in their left hand. One needs the other...
Petra We are down to a very short amount of time based on the IMF's statements from 2 weeks ago. We've got the BIS waiting to invest in the reserves of the Iraq Central Bank...we've got the UST. We've got IMF. The Central Bank. Everybody is ready to go.
Jeff Article: "Parliament clarifies the fact that the government entered into negotiations with the International Monetary system to reduce the price of the dinar" ...Quite a few articles coming out telling us that Iraq wants to launch and boost their economy. They want to improve their exchange rate...this article is telling you that all of those statements talking about devaluing the Iraqi dinar are complete BS unless it is stated directly from or by the Central Bank of Iraq...they're telling you they do not have intention of devaluing their currency...
Treasury called for Asian country to allow its managed currency to appreciate more rapidly
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