FIREFLY: News saying within 2 months the dollar exchange rate will stabilize.
FRANK: Inside the next 2 months it’s highly possible we’ll see a new exchange rate. That’s the only thing that can stabilize it because a program rate unstabilizes it. This is as simple as I can put it. I’m not exaggerating. I’m not adding to it. This is for real.
January 1st, no more USDs [In Iraq].
But that’s only the final day of USD removal. It has nothing to do with the monetary reform.
Article: "Erbil: Withdrawing the dollar via ATM machines stopped by a decision of the Central Bank"
[Boots on the ground update]
SUPERGIRL'S REPORT [From last week]
Quote "We are committed to the Central Bank’s decision issued 3 months ago, which prevents banks from granting dollars via ATM machines, and we have observed a commitment from other banks."
Iraqi PM calls for collective Arab action to stop the Israeli aggression on Gaza, 16 OCT
Shafaq News/ Iraqi Prime Minister Mohammad Shia al-Sudani on Monday called for collective Arab action to halt the brutal Israeli attacks against Palestinian civilians and infrastructure in the Gaza Strip.
This call came during a meeting where Prime Minister Al-Sudani hosted Arab Justice Ministers participating in the 39th session of the Arab Justice Ministers Council held in the capital, Baghdad. The meeting aimed at strengthening Arab cooperation in the realm of legal and judicial knowledge sharing.
According to a statement by his bureau, Prime Minister al-Sudani hosted a luncheon in honor of the participating delegations, with the presence of Ahmed Aboul Gheit, the Secretary-General of the Arab League.
During the gathering, al-Sudani extended a warm welcome to Iraq's guests and praised their efforts in hosting the meeting of Arab Justice Ministers in Baghdad. He acknowledged the importance of the outcomes of this meeting, which contribute to enhancing Arab cooperation by exchanging legal and judicial expertise.
Prime Minister al-Sudani affirmed Iraq's desire to foster strong relations with its Arab brethren, promote constructive collaboration in various fields, and work collectively towards the service of common issues, the advancement of Arab nations, and the prosperity of their people.
The premier reiterated Iraq's steadfast and principled stance on the Palestinian cause, denouncing the continued systematic violations by the Israeli forces in the occupied Palestinian territories and advocating for further collective Arab action to stop the ruthless aggression that is increasingly targeting Palestinian civilians and infrastructure in Gaza.
The Diplomatic Dance in the Middle East: China, Iraq and the Arab League, 16 OCT
In the labyrinthine corridors of diplomacy, where words weave webs of intrigue, a meeting held in the Iraqi Prime Minister’s office has ignited a flame of curiosity. Amid the escalating Israel-Gaza conflict, Prime Minister Muhammad Shia Al-Sudani has received the Secretary-General of the Arab League, Ahmed Pu Alit, for a discussion that remains shrouded in mystery.
China’s Changing Stance
Meanwhile, the diplomatic dynamics are shifting in the Middle East, with China, a nation known for its economic might and growing influence, playing an increasingly vocal role. The dragon is no longer whispering, it’s roaring – and it’s roaring for the Palestinian cause.
China’s Foreign Minister, Wang Yi, has emphasized China’s commitment to peace and the rights of the Palestinian people. This marks a significant departure from its traditionally ambiguous stance towards the Israel-Gaza conflict. China’s growing influence in the Middle East is attributed to its economic footprint and diplomatic activism in the region. However, its relations with Israel, particularly in the technological sector, limit its room for maneuver.
Mediator in the Middle
In a series of high-profile conversations, Wang Yi has been calling for an end to the historical injustice of denying the Palestinian people’s right to statehood. He has spoken with foreign ministers from Iran, Saudi Arabia, and even the US Secretary of State Antony Blinken, emphasizing the need to de-escalate the situation and return to the negotiation table. His calls for an international peace meeting to achieve a broad consensus on the conflict further cement China’s position as a mediator.
To back up its words with actions, China’s special envoy Zhai Jun is set to visit the Middle East to push for a ceasefire and promote peace talks, demonstrating China’s active commitment to resolving the conflict.
The Iraqi Connection
Simultaneously, the Iraqi Prime Minister’s visit to Russia underscores the broader regional implications of the crisis. Mohammed Al-Sudani’s scheduled talks with Russian President Vladimir Putin will revolve around multifaceted cooperation and pressing global issues, including the situation in the Middle East. This inclusion of Iraq in the discussion is significant, as the Israel-Gaza conflict threatens to destabilize the region further.
The engagement of Iraq, a key player in the region, with Russia, and the secretive meeting between Al-Sudani and Ahmed Pu Alit, while China steps up its involvement, hint at an intricate geopolitical tapestry being woven in the Middle East.
As the world watches the Israel-Gaza conflict unfold, these developments illuminate the transformative roles nations like China and Iraq could play in mitigating the crisis and facilitating long-term peace in this tumultuous region.
Finally, the Baghdad dollar is under 160… ATMs sell for 158
10-15-2023
Finally the Baghdad dollar is under 160... ATMs sell for 158The exchange rates of the US dollar fell, this evening, Sunday, below the level of 160 thousand Iraqi dinars for each $100 note in the offices of exchange companies in the various regions of Baghdad. This is the first time that they have fallen below this level after a turbulent week in which the exchange rates reached the level of 165 thousand dinars. .
The exchange rates in a number of Baghdad areas were as follows:
Expert: 70% of dollar transactions have disappeared in Iraq, and the Central Bank wants to end the era of “dollarization”
Posted, 2023-10-15
Expert - 70 percent of dollar transactions have disappeared in Iraq and the Central Bank wants to end the era of dollarizationBaghdad – 964
An economic expert says that the Central Bank eliminated 70% of dollar transactions in the Iraqi market, noting that this is the result of the policies followed by the bank’s governor, Ali Al-Alaq, throughout a year of assuming responsibility, as he began restricting “dollarization.”
Nabil Jabbar Al-Tamimi – economic expert for the 964 Network :
Since Central Bank Governor Ali Al-Alaq assumed the position, he has been working on a policy of ending dollarization.
What is meant by dollarization here is to end excessive dealings with the US dollar, which Iraqis have used since 2003 as the primary currency to pay for most purchases in the market.
The senior leadership in the Central Bank believes that this excessive dealing in the dollar threatens the reserve of the American currency, in addition to the continued fluctuation of its prices locally.
The Central Bank’s policy has now eliminated 70% of dollar transactions in the Iraqi market, and the remaining 30% is linked to the issue of remittances abroad within the framework of the banking sector, especially those heading to Iran, then Lebanon and Syria.
There are people within the Central Bank who may work to obstruct the implementation of the bank’s policies, which has caused the significant rise in the value of the dollar.