An Advisor To The Iraqi Government: The Dollar Exchange Rates Will Stabilize Within Two Months, 11 OCT

 An Advisor To The Iraqi Government: The Dollar Exchange Rates Will Stabilize Within Two Months

2023-10-11 03:12  Shafaq News/ Advisor to the Prime Minister for Investment Affairs, Muhammad Al-Najjar, expected on Wednesday that stability would return to the exchange rates of the dollar against the Iraqi dinar in the parallel market within a maximum period of two months.

He said during his hosting of the seventh session of the “Miri” Forum, under the title “The Sudanese Government... Pledges, Progress, and Prospects,” that the disruption that occurred in the dollar exchange rates is not the result of coincidence, but rather a legacy dating back almost to the beginning of the war with the Iranian-Iraqi in the 1980s. He added, "A short period of time ago, the pattern of dealing with banks with regard to the dollar changed."

He explained that what is happening in this transformation and this process is that we are trying to return everything to the global system, which all Iraqi governments were late in this action, and some of them completely ignored the requests directed, and these requests are correct in reality.

Al-Najjar also pointed out that what we were supposed to do in six years, we are trying to accomplish in one year, and this greatly affected the exchange rate of the dollar, adding that the second thing that happened was the presence of major corruption within a group of banks and banking companies, which led to... To smuggle dollars.

The government advisor continued, saying, “The question asked is: Will the dollar price continue to rise?” The answer: Yes, this rise may continue for a certain period of time, adding: But we expect that within a month or two, stability in the exchange rate will begin, because 70 percent of trade In Iraq, it moved to the electronic platform.    LINK

-----

Al-Shammari: America Punishes Iraq With Dollars To Topple The Government

Information / Baghdad..   Member of the Popular Legal Movement, Ahmed Shahid Al-Shammari, confirmed today, Wednesday, that the United States of America is punishing Iraq with dollars for many reasons.  Al-Shammari said in an interview with the Maalouma Agency, “The continued rise of the dollar is aimed at targeting Prime Minister Muhammad Shia’ al-Sudani and his government.”

He added, "The Presidency of Parliament did not perform its real role in discussing the issue of the rise in the dollar exchange rate by hosting those concerned and developing appropriate solutions."

He pointed out that "the rise in the price of the dollar on the black market has become a major concern among popular circles," stressing that "the rise in the sale of the dollar is intentional and the United States of America stands behind it to target the Sudanese and his government."

Representative Hadi Al-Salami warned of the repercussions of losing control over the exchange rate in the parallel market for the dollar after it exceeded the barrier of 163 dinars per 100 dollars. LINK

"RV UPDATE" BY MARKZ, 11 OCT

 MarkZ 

 [via PDK]   We do have people from the UN in Iraq today. “UN Security council to discuss Iraq:  budget, security and human rights on the agenda”  They are telling us how well the discussions went. They say Iraq is making great progress. 

 Comment:  I think the US is holding up the process.  MarkZ:  I think they were…I don’t think they are now. I think they desperately need it now...guess what the US desperately needs right now for stability?  They need Iraq to RV. 

Comment:   I have exchanged currencies all over the world and have never been taxed on it.  MarkZ:  And this should be no different …I am still hearing we will not be taxed on this exchange…BUT, am prepared in case we are….  [Always check with your tax professional at the appropriate time.]

Question:  How is the war affecting the RV…is it now delayed?   MarkZ:  I am told it may be a small speed bump but will not distract from it completely. Most of my sources think this is still our week.  I sure hope so…

Iraq Article VIII - Iraq Dinar - Convertible Currency - International Tr...BY MILITIAMAN

" STATUS OF THE RV" BY DINAR IRAQ & DONG VIETNAM, 11 OCT

 STATUS OF THE RV

Sometimes “CHANGE IS HARD”

“I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.” -Jimmy Dean

Today the news is almost all about the dollar crisis in Iraq and the CHANGE that must take place.

My talking point today is about this dollar crisis Iraq and how it is now experiencing it in simple terms, caused by still being on the US dollar through these currency auctions and being on it way too long already.

Seems the corruption schemes have taken deep roots and Turkey, Iran, Syria and other middle eastern countries have become dependent on the dollars smuggled out of Iraq’s financial system.

This too is going to be painful for these other countries when the dollar stops in Iraq in early 2024.

Change is not easy and as investors in the Iraqi dinar we have witnessed first-hand in 2023 the pain of this change that MUST take place.

In today’s news we learn that Iraq was seeking a special shipment of $1 billion in cash from the Federal Reserve Bank of New York, but U.S. officials have withheld approval, saying the request runs counter to their efforts to rein in Baghdad’s use of dollars and halt illicit cash flows to Iran.

Then yet another article came out later by the CBI tells us something much different and I quote – “the Central Bank of Iraq denies the US Federal Reserve’s refusal to send the country’s oil dues and confirmed on Friday that the dollar shipments sent by the US Federal Bank are proceeding according to a specific schedule and timings agreed upon between the two monetary institutions adding that the shipment was received on time, denying news and media reports that talk about stopping or reducing shipments sent to the bank“.

So, who is lying?

Does Iraq also have a FAKE news media channels and for what purpose do they hope to serve?

To me anyhow, it is obvious who the FAKE news in Iraq serves.

It serves the corrupt and by bashing the Central Bank they hope to get consent to oust Ali Al-Alaq as the governor and to destabilize the dinar, hoping to keep their racket of corruption going with the US Dollar.

It is really that simple.

They need to split public opinion, as we are watching the same tactics now being used too in the US politics over Donald Trump and many of his close ties.

Seems if you can’t nail down who the actual corrupt individuals are, then it is much easier to keep them in power.

We see this with the Bushs, Clintons, Obamas and now the Bidens.

Of course, these same rings of corrupt politicians exist in Iraq and so they must also be rooted out and dealt with.

Just like what the US now faces, we have to ask is the new and still fragile Iraqi democratic republic strong enough to deal with them?

Yes, there is still a plan in motion, the plan of Dr Shabibi and this is why they want to oust Ali al-Alaq so much from the CBI.

Seems every week yet another article bashing the great work of the CBI and Ali al-Alaq’s efforts.

He knows the plan and worked in the CBI alongside Dr Shabibi.

When I heard he came back as governor I saluted him as I know he is going to help facilitate what we are looking for and not prevent it.

So, today, like you, I sit and wait for the re-education phase to begin.

My CBI contact is on the committee in the CBI to facilitate these events and the phases they must take to get where they want to get – back on FOREX and trading the dinar once again.

If you are trying to figure this process out just remember – “first things first”.

We cannot go to the bank until the rate is back on FOREX.

The rate is not just going to magically appear on FOREX one day without us first hearing about these other events taking place.

There is a sequence to the process they MUST go through to get to FOREX.

It is now almost all about stabilizing the dinar against the dollar inside Iraq.

Just as I said that politics do interfere with the progress of the RV as politicians blackmail Iraq and have been blackmailing Iraq for a very long time.

It is not until these entities are neutralized that we will finally see the RV followed by the Reinstatement.

DINAR IRAQ & DONG VIETNAM

Al-Sudani to RT: Iraq is looking forward to joining the BRICS group, 11 OCT

 Al-Sudani to RT: Iraq is looking forward to joining the BRICS group

Iraqi Prime Minister Muhammad Shiaa Al-Sudani said that his country is ready to join the BRICS group, if it receives an invitation from the founding countries.

Muhammad Shiaa Al-Sudani said in a special statement to RT during a dialogue session with representatives of the Iraqi community in Russia that Iraq understands the role played by the group and is aware of the conditions and specifications for joining it.

Al-Sudani indicated that he discussed with Russian President Vladimir Putin a wide range of economic issues, including the use of the Iraqi dinar and the Russian ruble in commercial transactions between the two countries.

He stressed that he was grateful for Russia's principled position on the Palestinian issue, noting that he discussed this issue with President Putin in depth and out of concern for the lives of civilians.

Al-Sudani revealed that Iraq is in the process of studying a project to open an Iraqi cultural center in the Russian capital, Moscow, based on the deep historical relations that bind the two countries, which will reach its eightieth anniversary next year since the establishment of diplomatic relations between Moscow and Baghdad.  link

A LEADER IN THE FRAMEWORK: THE STRATEGIC AGREEMENT WITH WASHINGTON WILL BE CANCELED IMMEDIATELY AFTER ITS DIRECT INTERVENTION IN PALESTINE, 11 OCT

 A LEADER IN THE FRAMEWORK: THE STRATEGIC AGREEMENT WITH WASHINGTON WILL BE CANCELED IMMEDIATELY AFTER ITS DIRECT INTERVENTION IN PALESTINE

The leader of the coordination framework, Jabbar Odeh, confirmed on Tuesday that the cooperation agreement with Washington will be dropped immediately if it intervenes directly in supporting the Zionist entity.

Odeh told Al-Maalouma, saying, “What is happening in the Gaza Strip now can be described as a genocide of a revolutionary people who resist the occupation with determination and resolve. The Palestinian people are still offering dozens of martyrs every minute in the face of the deadly machines supported by the West.”

He added: “The security agreement with Washington will be canceled immediately if it directly supports the Zionist entity and sends soldiers to confront the Palestinian resistance. We will not remain idle if the use of American bases in Ain al-Assad or Harir to send weapons to the Zionist entity is confirmed.”

He stressed that “what is happening in the Gaza Strip now represents a revolution against the occupier, and Operation Al-Aqsa Flood demonstrates once again that the choice of resistance is the one that expresses the will of the Palestinian people, and that the forces of normalization will be pushed into the trash can of the region’s history along with its Arab rulers and others.”

It is noteworthy that the Gaza Strip is witnessing violent bombardment by Zionist occupation aircraft, resulting in the death of hundreds of martyrs during the past three days.

(Please tell me now that politics has nothing to do with the RV….. of course it does.)

Al-Shammari: Oil, gas and energy issues are at the top of the agenda of Sudanese discussions in Russia, 10 OCT

 Al-Shammari: Oil, gas and energy issues are at the top of the agenda of Sudanese discussions in Russia

The political advisor to the Prime Minister, Fadi Al-Shammari, said on Tuesday that the visit of Prime Minister Muhammad Shia Al-Sudani to Russia, during which Russian-Iraqi discussions will be held to discuss political, security and economic files and discuss bilateral relations between the two countries.

Al-Shammari added in a statement, “The summit meeting between the two presidents will include a group of strategic issues related to world peace, the energy file, and Iraq’s commitment to settling debts and related financial obligations, given their impact on Iraq’s credit rating.”
 
He pointed out that "President Putin expressed his aspiration to discuss security in the Middle East region and security files that enhance Iraqi internal security," noting that "Moscow confirmed its support for the development road project that connects the ports of the Middle East with Turkey and Europe through a network of roads, railways and energy infrastructure." And support the diversification of Iraq’s economy to reduce the heavy dependence on the oil sector.”

Al-Shammari pointed out, "The visit will include discussing oil and gas files, as cooperation in this sector is one of the most important axes of the economic partnership between the two countries."

Al-Shammari stated, "The dangerous developments of the current events in occupied Palestine were discussed, and Iraq called on Russia to call on the permanent members of the Security Council to take urgent action and stop the ongoing attacks on the Palestinian territories and the targeting of civilians there."

Al-Shammari warned that “oil, gas and energy issues are at the top of the agenda of the discussions, given that Iraq and the Russian Federation represent the largest oil-producing countries in the world and their impact on the stability of the oil market and its implications for global stability.”

Al-Shammari concluded the statement by saying, "Russia affirmed its position in support of Iraq's stability and enhancing the investment environment and economic growth in the country. In addition, the cooperation of the two countries can contribute to diversifying Iraq's economy and achieving greater sustainability in the future."   link