Tuesday, October 31, 2023
Dollar gains ground in Baghdad, Erbil, 31 OCT
Dollar gains ground in Baghdad, Erbil
According to Shafaq News Agency’s correspondent, the dollar rates rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges this morning, reaching 161,800 dinars. This marked an increase from yesterday's rate of 161,550 dinars for every 100 dollars.
Our correspondent pointed out that selling prices in local exchange shops in Baghdad escalated, with the selling price reaching 162,750 dinars, while the buying price stood at 160,750 dinars for every 100 dollars.
In Erbil, the dollar also experienced a rise, with the exchange rate in exchange shops for selling reaching 161,700 dinars, and the buying rate at 161,600 dinars for every 100 dollars.
https://shafaq.com/en/Economy/Dollar-gains-ground-in-Baghdad-Erbil
"RV UPDATE" BY SAMSON, MNT GOAT, TLM724 & BABYSMOM, 1 NOV
Samson
Article: "Al-Shammari: No US sanctions on Iraq and negotiations with Iran to create a platform for currencies other than the dollar"
Mnt Goat"RV UPDATE" BY PIMPY, 31 OCT
Pimpy
Things have been moving along until today. The man who's been quiet for months and months and months decided to come out of his shell and start threatening the United States. Article: "Sadr calls on government and parliament to close U.S. Embassy in Iraq"
I hope Iraq stays out of thefray and stays away from all these conflicts, doesn't get involved andjust goes about their own business.
My concern is they're not goingto be able to do that...We're definitely going into some interesting
times in our lives but Iraq right now, man I hope they just stay outof this altogether. I don't know if it's going to be possible.
Nothing's worse than we feel like we're getting that much closer to increases in the Iraqi dinar only to have this kind of crap happen andwe start all over from square one. Keep your fingers crossed...
The gap between the fixed exchange rate versus the black market is widening...The last time we saw that Iraq was forced to increase the value of the Iraqi dinars. It's very possible between now and the end of the year we could see an increase in the exchange rate.
Nothing significant but at least going in the right direction. Like I said, they're going to go up in increments...At least they can do us a favor and take us back to where we originally started - 1,190 dinars for every dollar. I would love to see a better exchange rate than that but I'll take it. That's twice in one year going in the right direction. This is exactly what we would want.
Al-Shammari: No US sanctions on Iraq and negotiations with Iran to create a platform for currencies other than the dollar, 31 OCT
Al-Shammari: No US sanctions on Iraq and negotiations with Iran to create a platform for currencies other than the dollar
Al-Shammari said in a press statement, "In the past, we were astonished at the money laundering operations at the currency auction, and the cries were rising from all political, social, and popular classes because it was a drain on the national economy," noting, "There were major money laundering operations that benefited countries, organizations, and corrupt people."
He added, "The launch of the platform is Iraq's entry into the international financial and economic system. There are no sanctions imposed on Iraq by the US Treasury, but sometimes there is a tightening of standards to deliver potential political messages."
Al-Shammari pointed out that “the previous government did not prepare the requirements for implementing the platform system, and Al-Shammari: 90% of major companies entered the platform after the percentage did not exceed 5%,” noting that “operations against dollar speculators are continuing.”
He continued, "The security services are on alert to pursue dollar speculators," stressing that "basic foodstuffs were not affected by the price of the dollar."
Al-Shammari explained, “The average value of bilateral free trade between Iraq and Iran is approximately $20 million per day if we adopt the annual trade volume of $5.5-6 billion,” noting that “there are negotiations with the Iranian side to create a platform for new currencies other than the dollar to secure intra-trade between the two countries.” ".
He said, "Visa Direct is a new banking service launched by one of the most important digital banks in the country under the supervision of the Central Bank and in cooperation with Visa International. The Central Bank seeks to generalize the experience to the rest of the real banks operating in the country."
He continued by saying that “Visa Direct is a banking service that will provide a banking service to local merchants who transfer small amounts of money outside the country within 30 minutes while sitting at home, and this will help in the collapse of black market prices and the speculation of speculators,” pointing out that “the Visa Direct service is a basic and strategic start.” of the banking and financial system in Iraq. LINK
What should be put in Sudanese's bag during his visit to Washington?, 31 OCT
What should be put in Sudanese's bag during his visit to Washington?
The expert in Iraqi-American affairs and relations, Kato Saadallah, revealed the files that should be clarified in the bag of Prime Minister Muhammad Shia al-Sudani during his visit to Washington.
Saadallah said: For the program {Free Speech} broadcast by Al-Furat satellite channel this evening, it said: “A Sudanese visit to Washington must bring in his bag of achievements to prove to the American ally how he will deal with him in terms of oil, the economy, the dollar, the banking system, and others.”
He added, "The Sudanese was sent to Washington to solve the dollar problem and he made great efforts, but the dollar problem is more internal than external and is in the hands of those who control prices." Saadallah continued, "The Sudanese enjoys American and regional support, and America is putting pressure on the region to avoid complete chaos."
He stated that "investment companies refrain from entering Iraq because of the bad banking system, and the United States has demanded an internationally recognized banking system for its companies to invest in the country."
Saadallah pointed out, “The evaluation of any government takes place within a period of 3-6 months, and all political forces agree to support the current prime minister, and Iraq is affected by events in the region and makes Sudanese’s task difficult.”
He added, "The fault is not with the Prime Minister, but with the forces that claim to support the Sudanese and create crises to hinder his work."
Saadallah concluded by saying, "There are still forces controlling Iraq and its internal policy, and we do not have the freedom to choose the decision 100%; but if the political forces strongly support the Prime Minister, all decisions will be implemented."
Prime Minister, Muhammad Shiaa Al-Sudani, received an official invitation from US President Joe Biden to visit the White House, after months of ongoing controversy inside Iraq, over Washington’s postponement of the visit, which was delayed “much” since Al-Sudani took office last October.
Wafaa Al-Fatlawi LINK
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