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"Iraq’s accession to BRICS will break Washington’s hegemony over the dollar, 29 AUGUST

 BRICS has expanded to include Iran, Saudi Arabia, the United Arab Emirates (UAE), Egypt, Ethiopia and Argentina.

Following the 15th annual BRICS summit in Johannesburg, South Africa last week, the bloc of five major emerging economies – Brazil, Russia, India, China and South Africa – decided to admit the additional 6 new members, effective January 1, 2024.

The inclusion of Saudi Arabia, Iran and UAE in BRICS also means the oil powers are drifting away from the United States’ petrol dollar agreement supremacy, significantly detoriate USD status as world reserve currency.

The only US financial weapon remaining, IQD, this recent development may influence IQD reinstatement sooner as US Treasury already urging to accomplish since Dec 2022.

BY DINAR IRAQ & DONG VIETNAM

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Al-Fateh: Iraq’s accession to BRICS will break Washington’s hegemony over the dollar

8-28-2023

Al-Fateh - Iraqs accession to BRICS will break Washingtons hegemony over the dollarInformation / special..

Today, Monday, the leader of the Al-Fateh Alliance, Ali Al-Zubaidi, stressed the necessity of liberating himself from the restrictions of the US treasury and entering the “global BRICS” group, while stressing that the government will not control the rise in the exchange rate of the dollar without exiting the power of the US treasury.

Al-Zubaidi said, in an interview with Al-Maalouma Agency, that “Iraq’s economic situation requires the government to join the global Brexit group,” noting that “getting rid of the restrictions imposed by the United States of America on Iraq lies in making the decision to enter the BRICS group.”

And he continued, “Washington will remain in control of Iraq with the card of raising the exchange rate of the dollar to pass its own interests,” calling on the government to “the need to liberate itself from the US treasury and enter the BRICS group.”

The leader of the Al-Fatah coalition concluded his speech, saying: “The BRICS group, after the accession of more than twenty countries, most notably the eastern ones, will compete with the dollar and will become the first currency in the coming years, given the program and the numbers that the major countries are working on now,” adding that “the government will not control the high price of Exchange the dollar without leaving the power of the US treasury.

The BRICS group has become one of the most important global economic organizations, given the growth figures achieved by the countries of this group over the years, which made it a source of interest for many other countries, which no longer wanted to join the group after the number of countries reached 20 countries.

almaalomah.me

Iraq government’s determination to put a final end to the oil smuggling file, which has been neglected for many years, 29 AUGUST

 The Prime Minister confirms the government’s determination to put a final end to the oil smuggling file, which has been neglected for many years

2023-08-28

The Prime Minister confirms the governments determination to put a final end to the oil smuggling file which has been neglected for many yearsSunday, Prime Minister Muhammad Shia’ al-Sudani praised the role of the Supreme Judicial Council in issuing deterrent rulings against a group of oil smugglers, while stressing the government’s determination to put a final end to this file that has been neglected for many years.

Government spokesman Basem Al-Awadi said in a statement, “In confirmation of the continuous follow-up by the Prime Minister, Muhammad Shia’a Al-Sudani, of the file of fighting corruption, and what is related to oil smuggling crimes, and what the president announced more than once in this regard, of great efforts that resulted in the dismantling of the largest smuggling networks, And the arrest of dozens of smugglers during the past months, with great and unprecedented efforts from the competent government agencies, the Prime Minister appreciates the active and vital role of the Supreme Judicial Council and the competent courts that issued deterrent rulings against a group of them.

He added, “The prime minister also appreciates the heroic role of the National Security Apparatus, which had the main role in following up and exposing this destructive file for the national economy.”

He stated, “The prime minister reaffirms that the government will stand up to all those who tamper with the wealth of the Iraqi people, whether they are smugglers or transgressors of public money, in accordance with the law and the judiciary, and that it is determined to put a final end to this file that has been neglected for many years.”

burathanews.com

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Representative Hussein Moanes Stresses The Need To Put An End To The Window For Selling The Currency

Information / Baghdad..  A member of the Parliamentary Finance Committee, Hussein Moanis, stressed, on Sunday, the need to put an end to the window for selling currency in Iraq, describing it as the one-eyed American policeman.  “The three reform packages launched by the Central Bank of Iraq have proven their failure in the context of limiting the turmoil of the dollar market,” Moanis said in a statement received by Al-Maalouma. 

He added, “The reform packages, and after their failure, it has become necessary to put an end to (the window for selling the currency), because it has become just (a one-eyed American policeman who sees nothing but Iran), which made the central bank not trusted with monetary policy in the country.” ended 25 n

https://almaalomah.me/news/politics/النائب-حسين-مؤنس-يشدد-على-ضرورة-وضع-نهاية-لنافذة-بيع-العملة

Coffee with MarkZ 08/29/2023

IRAQ DINAR EXCHANGE RATE - INTERNAL - EXTERNAL - PROJECTS - INTERNATIONA...BY MILITIAMAN

Al-Aqili: America adopts the method of misinformation regarding the strategic agreement with Baghdad, 29 AUGUST

 Al-Aqili: America adopts the method of misinformation regarding the strategic agreement with Baghdad

8-28-2023

Al-Aqili - America adopts the method of misinformation regarding the strategic agreement with BaghdadInformation / Baghdad..

Political analyst Sabah Al-Aqili saw that the American side adopts a misleading method regarding the strategic agreement between Washington and Baghdad, pointing out that the demand of the Iraqi negotiating delegation to change the name of the advisors to combat forces does not fall within the powers of this delegation.

Al-Aqili said to Al-Maalouma, that “there are approximately five thousand American fighters with full equipment, mechanisms, and equipment located in the bases of Ain al-Assad, Harir, and Baghdad Airport, and there is evidence proving that what is present in Iraq are American military forces, not advisors.”

He added, “The American side adopts a misleading method regarding the strategic agreement with Baghdad and tries to evade its application on the ground, with the aim of serving its interests and ensuring the continued presence of its forces inside Iraq.”

And he indicated that “the delegation that headed to Washington, headed by Defense Minister Thabet al-Abbasi, does not have the authority to change the name of the American advisors inside Iraq to combat forces, as it violates the agreement between the Iraqi government and the American side.”

almaalomah.me

"RV UPDATE" BY MARKZ & SANDY INGRAM, 29 AUGUST

 MARKZ

 [via PDK]  ...I do have an update from the redemption side/wealth management. They are saying they were asked to stay close to home this week…in case they are needed. It may have nothing to do with us and exchanges…but something internal. I don’t know as of yet.

[via PDK]  ...I have been tracking today...a number of articles and commentary coming out of Iraq. There are meetings between representatives of the CBI and the government...I am being told these meetings will continue into tomorrow and a major topic in these meetings is the “Exchange Rate”...they are focusing on increasing the strength of the dinar in comparison to the US dollar so they can continue to de-dollarize...By changing purchases to dinar instead of dollars…interesting from Iraq on that front.

 Sandy Ingram  

The POS - Point of Sale system, in Iraq is operational and on YouTube...Using POS is exempt from taxes...POS devices are being distributed to all shops and businesses for cashless transactions...

There is still lots and lost of cash hidden in the mattresses by Iraqi citizens.  The Iraqi banking system is trying to get all these Iraqi dinars...It looks like Iraq is slowly pulling in all of its own currency, the dinar.  Everything will be digital.  The question is where does this leave investors who are holding the paper Iraqi dinar?