Monday, October 16, 2023
Evening News with MarkZ 10/16/2023
Parliament hosts CBI governor following soaring Dollar rates, 16 OCT
Parliament hosts CBI governor following soaring Dollar rates, 16 OCT
Shafaq News / The parliamentary Financial Committee announced on Monday its intention to host the Governor of the Central Bank of Iraq, Ali Al-Alaq, and the bank's top executives in the coming days.
Committee member Mustafa Al-Karaawi informed Shafaq News Agency that this week, "the committee will host Central Bank Governor Ali Al-Alaq and the bank's executives to investigate the reasons behind the erratic movements in the exchange rate of the US Dollar in the parallel market, and to identify the responsible entities for implementing the reform measures initiated by the Central Bank."
Al-Karaawi pointed out that the instability in the Dollar exchange rate has caused significant economic problems, lamenting the absence of a clear policy from the Central Bank. He stressed that it is the government's responsibility to implement the reforms outlined by the bank, emphasizing the shared responsibility between the Central Bank, governmental bodies, and particularly those involved in imports and customs checkpoints to control the exchange rate.
"The discussion with the Central Bank Governor will delve into the economic crisis, the fluctuations in the Dollar exchange rate, and the agreements made by the bank with the US Federal Reserve and the World Bank," Al-Karaawi added.
The Iraqi Dinar has witnessed a consistent and alarming surge against the US Dollar over several months, reaching its peak this month at an astonishing 1655 Dinars to the Dollar, despite the government and the Central Bank officially setting the exchange rate at 1320 Dinars for one US Dollar.
"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 16 OCT
Frank26 (KTFA)
[Iraq boots-on-the-ground report]
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.
Iraqi PM calls for collective Arab action to stop the Israeli aggression on Gaza, 16 OCT
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
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, 16 OCT
Finally, the Baghdad dollar is under 160… ATMs sell for 158
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...