MOFA: Iraq has invested in enhancing regional stability over the past years, 21 DEC

 MOFA: Iraq has invested in enhancing regional stability over the past years

Baghdad - INA

The Ministry of Foreign Affairs confirmed today, Friday, that Iraq has invested heavily during the past years in enhancing regional stability, ending wars and conflicts, and implementing economic reform to achieve economic integration in the region.

The Undersecretary of the Ministry Hisham Al-Alawi told the Iraqi News Agency (INA): "The Aqaba meetings on Syria, which Foreign Minister Fuad Hussein attended, were the result of consultations, communications and meetings that took place in the days preceding them, and the final statement clearly explains the basic points that are of interest to us in Iraq and to other countries in the region and beyond.".

Al-Alawi added that "Iraq has invested heavily, over the past years, in strengthening regional stability, and we believe that ending wars and conflicts in the region is a necessary prelude to achieving economic integration, which is in the interest of all countries in the region."
He continued, "The points mentioned in the final statement are present in UN Security Council Resolution No. 2254, which was unanimously approved at the end of 2015, and the Aqaba Statement was also approved unanimously by those present, and there is also a role for the United Nations, which will oversee the implementation of its outcomes."

Iraq, represented by Deputy Prime Minister and Foreign Minister Fuad Hussein, participated in the second meeting of the Arab Ministerial Contact Committee on Syria, which was held in the city of Aqaba in the Hashemite Kingdom of Jordan, with the participation of the United States, France, and members of the mini-committee.

The meeting issued a final statement that stressed support for the Syrian people at this critical stage to achieve a secure and stable future while adhering to principles that guarantee a comprehensive political process led by Syria that leads to a representative system that respects human rights, including women’s rights while emphasizing Syria’s unity, sovereignty, and territorial integrity and respecting the principle of sovereignty by the Charter of the United Nations. The statement also stressed the importance of respecting human rights, including women and minorities, facilitating the delivery of humanitarian aid, and ensuring freedom of movement for displaced persons and refugees.

EXCERPTS FROM MARKZ, 21 DEC

 EXCERPTS FROM MARKZ

MZ: I sure hope my Iraqi contacts are accurate…sometime between now and the first of the year for a REER (Real Effective Exchange Rate)

Member: Any update on tier 3 getting paid?

MZ: No fresh updates on tier 3, but I do have redemption personnel who have been trained on exchanging currencies- specifically the currencies we hold- and they are expected to work this weekend. This is odd going into Christmas.

MZ: I hope this means something besides just finishing up end of year things.

Member: According to Frank26, the auctions are done ?

MZ: Yes those auctions are ending.

Member:  Nader says the day after Christmas

Member: I don't think I have ever seen Nader place a time period like this before!! Sounds good too me!!!

MAJEED: POSSIBLE RV FORCED, IF THE SHIPMENTS OF CASH DOLLARS FROM AMERICA DONT ARRIVE ON THE 23RD !!

Al-Sudani: Iraq has become a reliable pivotal state in the region and the world, 21 DEC

Al-Sudani: Iraq has become a reliable pivotal state in the region and the world

Baghdad – Mil

The Council of Ministers, Mohammed Shia Al-Sudani, said that Iraq has become a reliable pivotal state in the region and the world, and pointed out that the religious authority emphasized the “6 principles”, and we are required to work hard to implement them.
Al-Sudani said during a televised interview with official television that will be shown later, “Iraq today is a reliable pivotal country in the region and the world.”

He added, “We have good relations with our Arab, international and regional surroundings.”

He pointed out that “the religious authority confirmed the “6 principles”, and we are required to work hard to implement them.”

https://miliq.news/political/40157–.html

NADER FROM MID EAST CC HIGHLIGHTS NOTES, 21 DEC

 NADER FROM MID EAST CC HIGHLIGHTS NOTES

Summary

Iraq’s dinar faces ongoing instability against the US dollar, driven by weak policies, market manipulation, and external sanctions.

Highlights

• 💵 Dinar’s instability persists against the dollar, surpassing 1,520 dinars per dollar on the streets.
• 📉 Experts attribute volatility to weak monetary policies and unchecked market manipulation.
• 🚧 US sanctions on Syria and Iran hinder legitimate trade, leading to dollar smuggling.
• 📊 Economic dynamics from the Syrian conflict increase demand for dollars, affecting local traders.
• 🏦 Central Bank’s shift to foreign banks raises concerns about monopolization and dollar supply bottlenecks.
• 🔄 Transition to new banking frameworks aims to stabilize currency but skepticism remains.
• ⚖️ Unofficial rates driven by illicit practices create a false disparity, impacting the economy.

Key Insights

• 💸 The dinar’s depreciation highlights the urgent need for comprehensive monetary reforms to stabilize the economy. Without these changes, currency fluctuations will persist.
• 🤔 Weak government policies and market manipulation expose the fragility of Iraq’s economic framework, leading to increased prices on basic goods and services.
• 🌍 External factors, including US sanctions and regional conflicts, significantly influence Iraq’s currency stability, underscoring the interconnectedness of global economics.
• 🔍 The shift to foreign banks for dollar transactions could monopolize the market, sidelining local banks and exacerbating supply issues.
• 📈 The Iraqi Central Bank’s reassurances about currency stability reflect a broader strategy but lack concrete enforcement measures to ensure compliance.
• ⚠️ The persistence of currency smuggling and illicit activities undermines market stability, leading to higher costs for consumers and businesses.
• 🎯 Addressing the disparity between official and unofficial exchange rates is crucial for restoring trust in the currency and improving economic conditions for Iraqis.

MARKZ: "Sometime between now and the first of the year " @DINARREVALUATION #iraqidinarinvestor