Parliamentary Economy: Influential parties are behind the manipulation of the dollar exchange rate
The Parliamentary Economics Committee accused influential parties of being behind the manipulation of the exchange rate of the dollar against the dinar, indicating that government measures to reduce the price of the dollar have limited impact.
Committee member Soran Omar said in a statement that the government did not control the exchange rate radically, and all measures to reduce it have limited impact, in light of the continued smuggling and money laundering through some banks and money exchangers, noting that the Central Bank’s measures are continuing, but the exchange rate is still high in the market. Black, and the difference sometimes reaches 25 thousand dinars over the official price.
Omar warned that corrupt people are benefiting from the rise in the exchange rate, and some officials are behind the manipulation of the black market, calling for taking radical measures to set the price, as it affects the economy negatively, which is a very dangerous matter that portends undesirable consequences.
He pointed out that the responsible authorities accuse merchants of being behind the increase in exchange rates due to their reluctance to enter the Central Bank’s platform to buy dollars, in addition to complaints from commercial circles about obstacles and restrictions imposed by the Central Bank that complicate the issue of dealing with the platform.
SATURDAY (JANUARY 6, 2024), THE EXCHANGE RATES OF THE DOLLAR AGAINST THE DINAR
Baghdad today – Baghdad
Today, Saturday (January 6, 2024), the exchange rates of the dollar against the dinar recorded a slight increase in banking shops in the capital, Baghdad.
The “Baghdad Today” correspondent said, “Selling prices in money exchange shops in the local markets in the capital, Baghdad, amounted to 154,250 dinars for every 100 dollars. ”
(Looks like to me they still have a way to go. Am I missing something? 154,000 parallel rate vs 132,000 Official CBI rate)
Political movement: Al-Halbousi lost the pressure tools to pass his candidate for the presidency of Parliament, 10 JAN
Information/private.. A political movement confirmed, on Tuesday, that Al-Halbousi has lost his pressure tools to pass his candidate for the presidency of the House of Representatives.
The Secretary-General of Bayariq Al-Khair, Muhammad Al-Khalidi, said in an interview with Al-Maalouma, “The list of names proposed for the position of Speaker of the House of Representatives has risen to 7 so far, but there are indications that 3-4 of them may resort to retreat due to their lack of political support to proceed to a session.” The House of Representatives is expected next week.
He added, “Al-Halbousi has lost the pressure tools to pass his candidate for the presidency of the House of Representatives, especially since there are options to adopt a consensus candidate who will be more independent in managing the sessions of the House of Representatives.”
He pointed out that “the framework forces will hold a decisive meeting at the end of this week to decide their direction on the list of names, despite there being a clear difference in opinions about some of them,” pointing out that “the Sunni forces will redouble their dialogues in order to push towards the consensual candidate to shorten the distance and bring the date of the decisive session closer.”
Al-Halbousi’s alliance with the rest of the Sunni forces included Asmaa candidates to assume the position of Speaker of the House of Representatives, but she has not achieved consensus on any of them yet.
The Pentagon said on Monday it does not currently plan to withdraw its nearly 2,500 troops from Iraq.
This comes despite Baghdad’s announcement last week that it had begun an operation aimed at ending the mission of the U.S.-led international military coalition in the country.
Air Force Maj. Gen. Patrick Ryder said at a press briefing: “Right now I have no knowledge of any plans (to plan to withdraw). We continue to focus heavily on the mission of defeating ISIS.”
He added that US troops are in Iraq at the invitation of the government there.
Ryder said he was also not aware of any notification from Baghdad to the Defense Department about a decision to withdraw U.S. troops.
Developing the market for the banking sector is huge because look, the ISX shows that their index has been up about 52% in 2023...Why is that if Iraq is just status quo and it's just blah...? It's not.
Once they...get the parallel price to say 1320, 1310 as apposed from 1560...they'll adjust and finish the project to delete the zeros. Remember, it's not off the currency, it's off the exchange rate of the currency. There is a difference. A lot of people are still hung up on that...
Article: "URGENT: The Baghdad Stock Exchange operates on the “NASDAQ” system, and foreigners and banks have become more investors" This is a very good sign that Iraq is opening to the world...
Take notice of what they say about what currency the shares will be denominated in.. The Iraqi dinar. Take even more notice that they are telling the world that the shares will be affected by the exchange rate. With the expectation of a rate change to be stronger than the dollar one could imagine the impact that is already having and how much more growth there will be. This is a very good sign of things to come. I am so ready.
The Central Bank of Iraq is giving out instructions for what they're doing and how they're doing it...I think you should be pretty excited because I know I am...
Shafaq News / The head of the parliamentary “design” bloc, Amer Al-Fayez, revealed on Tuesday that the Presidency of the House of Representatives set next Saturday, January 13, the date for the first session of its new legislative term.
In a private statement to Shafaq News, Al-Fayez said that the first paragraph of the session on Saturday includes the election of a new chairman of the council to succeed the article by the Federal Supreme Court, Mohammed Al-Halbousi.
He added that the meeting of the Presidency of the House of Representatives with the heads of political blocs was postponed from this evening to next Saturday, noting that the meeting will be held for the purpose of determining the date of other sessions, and discussing, reading and approving laws in the new legislative term.
The electronic platforms are being established through Visa and MasterCard for the citizens of Iraq in order to be able to transfer money in and out of their country because the float is about to start. The dollar is going down and the dinar is going up. Today you saw a third change 135,000 to 100 USD. It's going in the right direction and it's moving fast.. .
The floor of the CBI is really spotless, spotless enough to bring forth the new exchange rate, the lower denominations to the Iraqi citizens without fear...
[Hypothetical bank interaction] I went to Chase Bank and they told me it's a scam. Remember [FireFly boot on the ground in Iraq] tells us JPMorgan is building 10 more banks [In Iraq]. So tell them when they say it's a scam - you are really ignorant. Don't you know about those 10 banks they're building right now?
No. Hey, did you know know JPMorganwill support the Iraqi dinar 100% and that's direct from the CEO Mr. Jamie Dimon...Did you know the US Treasury has millions of dinars in its foreign reserve? Scam huh?...Did you know as of January 1, 2024 there won't be a single American dollar used in Iraq any longer and only the Iraqi dinar which means it's going to have value? ...How in the world do you not know these facts about your bank? Or are you lying..
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Mod: HELLO EVERYONE! HOPE YOU ALL HAD A GOOD DAY!
Member: The will to win, the desire to succeed, the urge to reach your full potential… these are the keys that will unlock the door to personal excellence. ― Confucius
Member: Any RV news today at all?
MZ: There are a lot of folks looking squarely at today through the 14th-15th.
MZ: My bond contact does not have liquidity yet. We are hearing it could be at any moment but it has not occurred yet. I am hopeful they soon have liquidity but it has not occurred yet. But, we are very much sitting at the edge of our seats….again.
(Mr. Cottrell Calls Mark)
MZ: Mr. C had a conversation with Sheila (CMKX and currency contact) after the podcast today. Then they wiped all his electronics, computers , phones went down. He is just now getting everything back so he can return calls and everything. He had a massive tech shut down today…it all went down for hours.…. and that is always very interesting when this happens.
MZ: It wasn’t a power outage…it was a tech outage.
Member: Maybe that means we are close.
Member: I heard a rumor this could go on until March
MZ: I hear those rumors as well…..Can it go on until March…sure….but, do I think it will go that far-heck no. But nobody knows the timing.
Member: What is your gut saying?
MZ: My gut is messed up….i totally see the underlying funding channels….and economics…then they come up with some way to mess it up…..but my gut is screaming that maybe my sources are right this time and to look between the 9th and 15th. But I wouldn’t count on it….keep doing what you need to do to survive. Nobody knows the real date.
Member: I have a small bank story…Friday I was at my credit Union ..the woman there told me –btw this week and next week we are letting our customers know we now offer wealth management services.
MZ: “Getting Vietnam off the money laundering Gray list” This dropped today out of the UK…the UK seems worried that someone may filter money through Vietnam. And artificially lower their rates to take advantage of trade imbalances. Europe and the US believe Vietnam should have a higher currency rate. What does this tell you? That your investment with Vietnamese currency should be worth more money than it is.
Member: This makes me pissed off we are all still waiting. …….wish it would just go
MZ: Let them know how you feel….we are watched…by the NSA, white hats, black hats, purple hats….we are all watched. Do not hesitate to tell them how you feel. Tell them how upset you are. I know I am upset and salty this is taking so long. But, I do feel like we are close to it being over.
Member: It’s very hard to keep fighting the good fight. We are all exhausted…but thanks for your encouragement Mark.
Member: Be not discouraged this will all end real soon
Member: Good night everyone, W-Hats please move the story line to the last chapter.
Member: Thank You Mark for all you do for us, please don't think it isn't appreciated.
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Shafaq News: The head of the Kurdistan Regional Government, Masrour Barzani, on Tuesday called for the continuation of the international coalition forces to continue their tasks in order to help the Iraqi army and the Peshmerga forces in the fight against terrorism.
Barzani said in a statement to Shafaq News that “we received today, the commander-in-chief of the coalition forces in Iraq and Syria, General Joel Fowell, and his accompanying delegation.
“At the meeting, which was attended by the US Consul General to the region, Mark Straw, we exchanged views on the latest developments and developments in the Kurdistan Region, Iraq and Syria,” Barzani added.
He pointed out that “the main axis of the meeting included emphasizing the importance of protecting security and stability in Iraq and the Kurdistan region, and stressing the need for the international coalition forces to continue their tasks in order to help the Iraqi army and the Peshmerga forces in combating terrorism, and ensuring security and stability.”
He continued: “We also discussed in the meeting the importance of moving forward in supporting reforms for the joints of the Peshmerga Ministry, and accelerating the steps of unifying its forces under the umbrella of the ministry.”
[via PDK] Article: “Iran backs Iraqi call to end presence of US led forces”
Many around the world are pushing this…it is one of the key pieces for us…the removal date appears to be imminent ... Flash back to an interview that Donald Trump did…he said to get us out-we will be gone as soon as they pay us. It looks like we are leaving…so what does that tell you?
“Iraq issues $1.5 Billion reconstruction bonds” These are based on US pricing but in Iraqi dinar.
...on the group side I am hearing very positive things. They are specifically looking at dates between the 9th and the 14th of this month. This does give us a range to look at...
The Association of Iraqi Private Banks confirmed on Monday that Prime Minister Mohammed Shia’ Al-Sudani’s support for the measures of the Central Bank of Iraq enabled the economy to rise with good growth rates.
The advisor to the Association of Iraqi Private Banks, Samir Al-Nusairi, said in a statement reported by the official news agency, and seen by “Economy News”, that “the government has implemented since taking charge measures that have developed a detailed road map to address the loss of methodology and previous dispersion in financial policies, chaos in the management of the economy and the imbalance that occurred as a result of the lack of coordination between fiscal and monetary policies.”
He added, “The map included a diagnosis of imbalances and developed solutions in coordination between the government and the Central Bank, accompanied by the bank’s reconsideration of the tools and applications of monetary policy and focusing in its plans on achieving priorities that are based on achieving financial and banking reform first.”
He continued, “These steps resulted in the issuance of joint reform decisions to enable the economy to promote good growth rates confirmed by international organizations, especially the reports of the World Bank and the International Monetary Fund and their recognition that the Iraqi economy in 2023 left the fragility to a gradual recovery and achieved an annual inflation rate of 3.7%, which is the lowest rate compared to 7%, in January 2023.”
He pointed out that “this rate is the lowest compared to inflation rates in the Arab and regional countries for the same period, and this is one of the objectives of monetary policy to reduce inflation and maintain the general level of prices despite the fluctuation in the exchange rate, in addition to the expectation of achieving growth in non-oil GDP by 5%.”
He stressed, “The measures also included regulating foreign trade financing and moving banks to build confidence relations with global correspondent banks, obtaining their approval by opening accounts for our banks, allowing commercial and banking dealings directly with them, leaving the electronic platform gradually, and introducing new foreign currencies to deal for foreign trade purposes with China, Turkey, and India, in addition to the US dollar, which will help stabilize the exchange rate in the trading market.”
Al-Nusairi pointed out that “the procedures also supported the serious orientation of the government and the Central Bank to move and transition from the monetary economy to the digital economy, focus on the development of electronic payment systems, securing the infrastructure for that, establishing a national company for payment systems, reviewing the structure of banking financing, preparing to launch the national lending strategy, establishing a Riyada bank to finance small and medium enterprises, and reviewing the structural, supervisory, supervisory of the bank’s specialized departments.”
He added, “The important and basic priority on which the Central Bank is working includes preparing to launch the financial inclusion strategy, as the number of accounts opened in banks grew by 14%, to reach more than 10 million accounts, while the number of credit cards issued reached more than 18 million cards.”
He pointed out that “all these reform measures were carried out in difficult and complex conditions during 2023, and with the continuity, support, harmony, cooperation and permanent support between Prime Minister Mohammed Shia Al-Sudani, and the Governor of the Central Bank, Ali Mohsen Al-Alaq, which enabled the economy to rise, which confirms the merit of the Council of Ministers and the Central Bank to call them (the two economic institutions that took the lead in 2023) for their leadership, supervisory and executive role in the pursuit of economic reform for 2023 as a first stage.”
Training is complete....They are educating the citizens and answering their questions on the next step of the monetary reform. Once the LDs are announced the exchange rate inside of Iraq will move quickly. Citizens want this and they will play a part in adding value to the currency...Iraqis are starting to come into the banks here in the United State asking us questions.
Just because you didn't see it...hear it...read it...doesn't mean it hasn't happened or in the process of happening.
All systems for the monetary reform are in place, they're just not linked yet. The uplink is not on yet...Many months ago the CBI told her banks to be prepared to be ready on January 1, 2024 because of all the banking system would be in place before '24...
What they're doing right now is they're telling the citizens what they need to hear for the next step of the monetary reform...Once the lower denoms are announced the exchange inside Iraq will move even more quickly. You know how - through a float. Citizens want this movement to occur now. Citizens want their purchasing power.
All systems for the monetary reform are in place, they're just not linked yet. The uplink is not on yet...Many months ago the CBI told her banks to be prepared to be ready on January 1, 2024 because of all the banking system would be in place before '24...What they're doing right now is they're telling the citizens what they need to hear for the next step of the monetary reform...Once the lower denoms are announced the exchange inside Iraq will move even more quickly. You know how - through a float. Citizens want this movement to occur now. Citizens want their purchasing power.
The closer we get to this monetary reform, much more will be revealed...So much is already being revealed and put in print but as we get closer you will see so much more.
[Iraqi banks] are having a stampede of people going in because of the understanding of the monetary reform education. Direct deposit accounts were opened for the citizens that didn't have any accounts...
they opened up about 1 million...and they're not done yet...These bank accounts are extremely important for the monetary reform...These accounts are for payments that will be made to the citizens...salaries given to the citizens, for any retirement salaries given...for HCL payments...What they are doing is extremely important for the monetary reform process...
The President of the Republic confirms the development of a specific work program for the international coalition in Iraq, 9 JAN
Shafaq News / President of the Republic Abdul Latif Jamal Rashid stressed on Tuesday that the presence of the international coalition in Iraq should be limited to supporting the security forces and providing advice, urging the development of a specific work program for them.
The Media Office of the Presidency of the Republic stated that Rashid received at the Baghdad Palace the United States Ambassador to Iraq, Alina Romanowski and her accompanying delegation. During the meeting, they discussed the recent security developments in Iraq and the region, and the need to maintain international peace and security, and to join hands in international efforts to reduce crises and tensions and adopt the principle of serious dialogue and understandings between regional and international parties.
The President of the Republic touched on the situation of the international coalition forces in Iraq, which must be within the framework of support for the security forces in the fields of training and providing consultations, pointing to the importance of developing a specific work program for them.He pointed out that Iraq is keen to build balanced relations with neighboring countries and the world to serve the interests of Iraq and the peoples of the region and contribute to bringing the views closer between countries.
Rashid renewed Iraq’s firm position on the Palestinian issue, and the need to stop the aggression and daily targeting of the civilian population in Gaza and other Palestinian cities, stressing that the repercussions of the war on the Gaza Strip reflected negatively on the stability of the entire region.
He pointed to the need for the international community and the United States in particular to assume their responsibility to stop the aggression against Palestine.
In turn, the US Ambassador stressed the importance of strengthening relations and coordination on issues of common interest in accordance with the Strategic Framework Agreement between the Republic of Iraq and the United States, noting the United States’ keenness on the security and stability of the region and supporting international efforts to end the situation in Palestine.
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Morning Everyone
Member: Mark, what are you hearing from your bond and banker contacts???????
Member: Pentagon said they would not be pulling their troops out of Iraq- about 2500….what does that mean for us?
MZ: Flash back to an interview that Donald Trump did …..he said to get us out-we will be gone as soon as they pay us. It looks like we are leaving…so what does that tell you?
MZ: “Iran backs Iraqi call to end presence of US led forces” Many around the world are pushing this…..it is one of the key pieces for us…..the removal date appears to be imminent.
Member: Mark, Another visit from the CBI to the US?? This has to be it.
MZ: Yes we are getting another visit from the CBI this week
MZ: “BRICS countries shake up the world order” This is a fantastic deep dive on BRICS and what they have accomplished so far….
MZ: “Why are Germans hoarding billions of useless Deutsche Marks?” Could be something to do with sovereignty. They are not useless…..they can turn them in at any time for Euros….but many are hoarding them….it’s like they believe someday they will need these Deutsche Marks.
Member: If all countries go back to individual currencies….they will need those …hopefully soon.
MZ: We were told many years ago…..that all the nations would once again have their native currencies reinstated. I think there might be something more to this story.
Member: I heard All Banks involved in this had meetings yesterday. Waiting to hear what was said....
Member: Bank story! Asked a senior premium advisor about currency and then he asked me if I’m waiting for it to revalue! proceeded gave me his card! Didn’t deny it!
Member: Went into a small KEY bank in B'ville Uostate NY-- lots of little cubicles with actual people in them...Def getting ready!!
Member: Bank story: A client of mine went to BOA and asked a manager about rainbow currency and when it was to be out. He got on his computer and looked something up and said the earliest was July.
Member: I heard the dong may rv at .47 cents?
Member: no matter what exchange is, it's waaaay more than we have now. I'll take any blessing
MZ: .47 cents would be fantastic…but,, I think it will be more than that. Would I complain at .47 cents? No. But I am still hearing the low $2 range….and bankers think it’s higher than that.
Member: FRANK 26 SAYS 1/15/24 FOR IRAQ RV-IN HIS OPINION
Member: I wonder if FRANK26 correct that rates coming out on 15th per CBI.
Member: Everyone counting their chickens before they hatch... Do something today to improve your life & when the RV happens you'll be that much further along.
Member: Thanks to all for your info…..God Bless and have a great day.
Bob Lock and StacieZ join the stream today. Please listen to the replay for their information and opinions.
THE INFO IN THIS PODCAST IS FOR GENERAL INFORMATION & EDUCATIONAL PURPOSES ONLY NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IN THE GROUP OPINION ONLY
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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.
A dialogue session discussing “electronic payment and its role in the economic future”...these are its details
The Electronic Payment Culture Platform in Iraq organized a dialogue session regarding electronic payment in the presence of many government and parliamentary figures.
The session, which was chaired by Ali Al-Hilli - Marketing Director at Miswak Company, and speakers, witnessed the presence of Sabah Al-Baghdadi: Vice President of the Iraq Traders Association, Representative Hussein Arab, Vice Chairman of the Parliamentary Labor and Non-Governmental Organizations Committee.
Adnan Asaad: Director General of the Information Technology and Payments Department at the Central Bank of Iraq, Ali Tariq: Executive Director of the Iraqi Private Banks League IPBL. Ahmed Kazem: Executive Director of Investments at the International Smart Card Company (QiKi).
The dialogue session, which was entitled “Electronic Payment and its Role in Shaping the Economic Future,” addressed the vision of the various sectors regarding electronic payment, where the point of view of Iraqi merchants was presented by Sabah Al-Baghdadi and the most important obstacles they face regarding the use of electronic payment tools, especially the aspect of not standardizing commissions. And the fees are in addition to the challenges that merchants faced during the previous period when using cards outside Iraq and stopping them without prior notice, stressing the need to ensure the stability of the work of electronic payment tools so that they are a safe and stable means for adoption by the merchant segment. Al-Baghdadi also addressed the obstacles of merchants with regard to tracking external transfers, which is considered Its delay and the lack of clarity of the reasons for this are a reason for the merchant segment to be exposed to embarrassment, calling on the Central Bank of Iraq to work to establish mechanisms and direct banks to enable the merchant to track his foreign transfers similar to the developed countries, regional and global.
The dialogue moved to Representative Hussein Arab, Vice Chairman of the Parliamentary Work and Non-Governmental Organizations Committee, “for the purpose of discussing legislation and laws supporting electronic payment, the role of the Iraqi Council of Representatives in issuing legislation to regulate electronic payment and protect the users of these tools, and the importance of the private sector in general and the banking sector and financial institutions in particular in the success of this.” "The important project for the country to leave cash payment."
Adnan Asaad, Director General of the Information Technology and Payments Department at the Central Bank of Iraq, explained, "The importance of the transformation taking place in electronic payment, describing the year 2023 as the year of the great launch in the field of electronic payment, and that the Iraqi government, represented by the Iraqi Prime Minister - Muhammad Shiaa Al-Sudani, is very interested in achieving the best achievements in The field of electronic payment, and that follow-up is continuing by parliamentary and governmental bodies to activate electronic payment in Iraq.”
Adnan Asaad expressed his great optimism in the year 2024, as it will be the year of achieving great achievements in the field of electronic payment, stressing that the crisis that passed through the country in mid-2023, specifically the bad use of cards and electronic payment tools, had left a negative impact, but thanks to the measures that were taken in cooperation with... International financial institutions have addressed many problems and the electronic payment system has stabilized, indicating that the public should know the importance of opening bank accounts and using cards linked to bank accounts more since prepaid cards are intended for limited operations and this is the practice globally, and this was an answer to an inquiry about The issue of restricting the ceilings of prepaid cards, which occurred on the first of December of the previous year.”
Ali Al-Hilli continued the dialogue with Ali Tariq, Executive Director of the Iraqi Private Banks Association, “about the role of the private sector, especially private banks and financial institutions, to support the governmental and legislative approach to spreading electronic payment,” where Ali Tariq emphasized “the great role of financial institutions in this aspect and the role of the Association in supporting financial institutions.” To achieve the goals of spreading the culture of electronic payment, Mr. Ali Tariq stressed the importance of spreading the culture of electronic payment, due to its positive repercussions on the economy. He pointed out that electronic payment indicators are growing well, and there is a high response from the public in using bank cards, but we need greater interaction from Before retailers use POS.
He noted that "the government, the central bank, banks, and electronic payment companies have worked over the past period to develop the infrastructure of the electronic payment sector."
The dialogue session concluded with a talk by Ahmed Kazim, Executive Director of Investments at the International Smart Card Company (Ki), about “the importance of electronic payment and the role of electronic payment companies in promoting this culture and the importance of keeping up with developments in this field to provide high-level services to the public and encourage them to use electronic payment tools,” stressing that the company (Ki) has taken the decision to transfer investment in advertising into loyalty programs and discounts offered to the public and merchants for the purpose of encouraging the digital transformation of payments.” link
Central banks go for gold in bold move to safeguard dollar
"In a world where economic chess is the game, central banks have made a power play, amassing a record-breaking 374.1 tons of gold in 2023."
In an age whereby local currencies are beginning to be utilized instead of the dollar, the need to support these new currencies that have not been in the game for some time is clearly evident.
With the formation of the BRICS Nations, this Gold Rush will support new currencies that have not been utilized for some time and protect the dollar from being overtaken by these new competitive currencies around the world occupying places of payment the dollar used to dominate.
We are truly living in a world whereby the one true currency is emerging onto the international stage to level the playing field. It is the new anchor for our currencies and financial systems going forward.
Parliamentary Foreign Ministry calls for popular action to expel US
Information/Baghdad
A member of the Foreign Relations Committee, Karim Al-Muhammadawi, called on Tuesday for popular action, exerting pressure and targeting US forces in order to ensure their expulsion from Iraq, in response to the repeated crimes committed by these forces against the Iraqi people.
Al-Muhammadawi said in a statement to Al-Maalouma that "the continuation of the US presence inside Iraq needs to take all measures to ensure the removal of these forces, through popular and parliamentary pressure and government decision."
He added, "All US military bases must be bombed and be in the crossfire of the Iraqi people, in response to the American disregard for the lives of Iraqis and the continuation of the series of crimes committed by these forces against the people, national symbols and security services."
He pointed out that "the bombing of bases and the exertion of pressure on US forces must be reinforced by massive demonstrations throughout Iraq, to expel these forces and ensure that they do not return to the country again."
No body knows...When [Senator] McCain was around those were the heavy hitters. Those were the guys I would listen to. This was nothing 'official' but these guys knew what was going on, 'you want to be in the dinar.' I have some very good friends who didn't buy it and they talked to McCain and he said you better buy this currency.
According to them, it should have happened by now. I still hang out with the same group and to this day nobody knows why Iraq has not pulled the trigger yet. What's strange is back in the day Iraq didn't talk about it that much,now they talk about it all the time. Whatever the CBI is looking at, it's starting to look like they need to be there.
Question: "Why do the [Iraqi] citizens want to keep using the dinar when the value is so low?"
Not everybody has access to the US dollar for one thing. #2 It's artificially low. A lot of Iraqi's know this. They know what's going on.
There's nothing they can do about it. That's one of the things, if you watch the parliamentary elections of Iraq one of the number one campaign promises all these guys make is we're going to add value to the dinar. They know it's artificially low. [They look around and think] we're selling more energy, the price per barrel is more, we have more customers and yet the dinar is [worthless] and we're all running around in poverty.
Question: "When it does revalue, when do we get out? How long do we wait?"
That depends on your own needs. Are you trying to get a house? Are you trying to pay off a loan? What is it because once you hit that number get out. Or if it doesn't go up to that number - Let's say you're trying to make...$250,000 and you realize the investment is only going to get you about $180,000, then get out! Diversify. Get into something else. Don't just stick around.
The only way you can answer those questions is you have to put a piece of paper down and realistically what is it that you want. You have to be realistic about it.
You can't say the first thing is I'm going to start off with a $50 million dollar mansion. Don't be stupid...Let's be a little more practical. A home over your head, debt free, for you and your family...then you can go for the big stuff. Your investments are based on that...what it is you want.
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