Tuesday, October 17, 2023
Chamber of Commerce: 13 million people are paying the price due to central bank policies, 17 OCT
Chamber of Commerce: 13 million people are paying the price due to central bank policies
On Monday, the Diyala Chamber of Commerce identified what it called the three failures in stabilizing the parallel market in Iraq.
The head of the Diyala Chamber of Commerce, Muhammad Al-Tamimi, said in an interview with “Al-Ma’louma” that “the failure to control the rhythm of the dollar exchange rate in the parallel market and the large difference between it and the official price and the presence of smuggling in various ways, in addition to the lack of transparency in distributing the dollar shares to travelers according to In official contexts, they represent the most important failures of the central bank.”
He added, "The Central Bank is responsible for the dollar file in Iraq, and what is happening represents negative repercussions that must be taken into account and its objective reasons explained," stressing that "13 million Iraqis suffer from the threat of poverty and are paying the price due to the instability of the price of the dollar because it exerts strong pressure on the prices of materials." Food and medicines.
He pointed out that "the continued instability in the currency market calls for structural changes in the central bank that lead to changing currency regulation strategies at the earliest opportunity and reduce the risk of speculation that plunders millions of Iraqis. link
Coffee with MarkZ. 10/17/2023
Al-Kadhimi Denies The Intention To Print A New Currency And Accuses The US Federal Reserve Of The Dollar Crisis, 17 OCT
Al-Kadhimi Denies The Intention To Print A New Currency And Accuses The US Federal Reserve Of The Dollar Crisis
Politics 10/17/2023 09:48 Number of readings: 153 Baghdad - Iraq today: The Parliamentary Finance Committee denied the government's intention to print a new local currency, while revealing the influence exerted by the US Federal Bank on the continuation of the dollar crisis.
Committee member Moeen Al-Kazemi said in a press statement, “Talk about the federal government intending to print a new local process has no truth at all, and the Iraqi dinar has a cover and bonds of approximately 150 billion dollars.”
Al-Kadhimi added, “Addressing the discrepancy in the dollar exchange rate does not happen by printing a new currency, but rather through thoughtful steps that should be implemented by all concerned parties.”
He pointed out, "The Central Bank covers the needs of merchants at the official price of 132 thousand dinars for every 100 dollars, and the reason for the disparity is the black market." He stated, "The influences exercised by the US Federal Bank to maintain this crisis for political purposes in Iraq." LINK
An Economic Advisor Talks About A "Stumbling Block" In The Way Of Iraq's Entry Into The BRICS Group, 17 OCT
An Economic Advisor Talks About A "Stumbling Block" In The Way Of Iraq's Entry Into The BRICS Group
Money and business Economy News – Baghdad Economic advisor Duraid Al-Anazi said that Prime Minister Muhammad Shiaa Al-Sudani’s request regarding Iraq joining the BRICS group is “strange,” because the group does not extend an invitation to anyone, but rather accepts the request.
Al-Enezi added, in a televised interview followed by Al-Iqtisad News, that “Al-Sudanese is on the condition of sending an invitation to Iraq to join the group,” considering that in this way “a stumbling block was placed in front of Iraq’s entry into BRICS.”
He pointed out that "entry into the group (is) by submitting an application like the rest of the Arab countries and the world."
He continued, "BRICS is economically prepared to replace the dollar, but the bank established by BRICS still operates in dollars."
It is noteworthy that Prime Minister Muhammad Shiaa Al-Sudani said last Wednesday that Iraq is ready to join the BRICS group, if it receives an invitation from the founding countries.
203 views 10/16/2023 - 9:38 PM https://economy-news.net/content.php?id=36992
Iraq’s PM to participate in emergency Cairo summit on Gaza, 17 OCT
Iraq’s PM to participate in emergency Cairo summit on Gaza, 17 OCT
Shafaq News / The Prime Minister of Iraq, Mohammed Shia Al Sudani, received an official invitation today, Tuesday, from the Egyptian President, Abdul Fattah Al-Sisi, to participate in an emergency summit being held in Cairo to address the events in Gaza.
Al Sudani’s Media Office stated that the Prime Minister received an official invitation from Al-Sisi to participate in an emergency summit to be held in Cairo.
The summit will bring together a group of Arab and regional leaders to discuss the situation in the Gaza Strip and the attacks being endured by the Palestinians.
It is noteworthy that yesterday, on Monday, US President Joe Biden held a phone call with Al Sudani as part of his efforts to contain the conflict between Israel and the Palestinians, according to a statement from the White House.
Subsequently, Al Sudani’s Media Office stated that during the call, the ongoing field developments in Palestinian territories were discussed, emphasizing the importance of mobilizing efforts and working collaboratively to support sustainable stability in the region, as well as efforts to enhance the bilateral partnership between Iraq and the US, per the Strategic Framework Agreement between the two countries.
Both sides, as per the Iraqi government statement, emphasized the need to contain the conflict and work towards preventing the expansion of hostilities that target civilians, posing a threat to regional and international peace and stability.
Al Sudani reiterated Iraq's steadfast and principled position regarding the situation in Gaza, stressing the importance of opening humanitarian corridors to deliver essential aid to the people of the region who are suffering from an oppressive war and blockade.
https://shafaq.com/en/Iraq-News/Iraq-s-PM-to-participate-in-emergency-Cairo-summit-on-Gaza
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