Wednesday, May 15, 2024

"RV UPDATE" BY CLARE, 15 MAY

 Clare 

 Article:  "Next week.. UNAMI presents its periodic briefing"  Quote:  “The mission will submit its periodic briefing to the Security Council next week, without mentioning further details regarding that briefing. Yesterday, the Iraqi government submitted a request to the Security Council and the Secretary-General of the United Nations, to reduce The mandate of the United Nations Mission (UNAMI), and to conduct an objective evaluation of its work, in preparation for ending its mission and closing it permanently."

Article: "Floating the dinar" returns to the forefront.. Will the Central Bank of Iraq resort to it and what are its risks?"  Quote: " From time to time, calls for floating the Iraqi dinar float on the surface of the Iraqi

financial market...these calls meet every time they return to the forefront, with supporters who see it as saving the Iraqi economy, and opponents who see it as the most dangerous stage that Iraq will pass through because of its...risks to his economy...

 "...There is a possibility for the central bank to follow the same mechanisms as the American Federal Bank. Strengthening the dollar in the market is determined by the American Federal Reserve, and it depends on the market mechanisms of supply and demand...This policy may be a successful alternative in Iraq by following a managed float policy"   

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