PARLIAMENTARY FINANCE: WE RENEW OUR SUPPORT FOR THE CENTRAL BANK’S MEASURES TO CONTROL THE EXCHANGE RATE
The Parliamentary Finance Committee renewed, today, Tuesday, its support for the Central Bank’s measures to control the exchange rate. The head of the committee, Atwan Al-Atwani, told the Iraqi News Agency (INA), “The committee renews its support for the Central Bank’s measures to control the exchange rate and address obstacles.”
Al-Atwani denied “the news circulating that there is a tendency to dismiss the governor of the Central Bank.”
(Nice to see that it was just more rumors. I like Ali Al-Alaq. He is an intelligent, patriotic and most important wants the RV as much as we do.)
Al-Maliki: America is putting pressure on Sudanese to protect its bases in Iraq
Al-Maliki - America is putting pressure on Sudanese to protect its bases in IraqInformation/Baghdad..
A member of the State of Law coalition, Abbas al-Maliki, confirmed today, Friday, that America is putting pressure on Prime Minister Muhammad Shia al-Sudani, with the aim of protecting its bases and putting pressure to stop the attacks it is being exposed to, while al-Sudani has no connection to these attacks.
Al-Maliki told Al-Maalouma, “The Sudanese position was strong on the Palestinian issue, and therefore the Prime Minister cannot take less than the position he took, especially since the Iraqi street, political parties, religious authorities, and most sectors of the Iraqi people are unanimous in standing by the Palestinian people.”
He added, “The Palestinians are being subjected to genocide by the Zionist entity, and it is the duty of any Muslim to stand up for the truth, support the oppressed, and raise his voice against the oppressor, and this is what the Sudanese did. However, political calculations confirm that the American side is exerting pressure on the Sudanese as long as its bases are exposed to continuous bombing and targeting.” “.
He stated, “America believes that Iraq is the starting point for the continuous attacks on its bases in the region, whether in Syria or Iraq, and therefore Washington is putting pressure on Sudanese with the aim of stopping these attacks, while Sudanese is not linked to any party that carries out these attacks or can stop them.”
Things are still looking really good for Iraq. They still manage to be keeping their nose out of what's going on over there in the Middle East even though it starting to escalate...
I still think the Iraqi dinar is going to go up in increments. I'm anticipating them to do at least one increase before the end of the year. It looks like they don't have any choice and I'm curious to see what they're going to do...
There's so many things happening...We got elections coming up here soon. Al-Sudani has been taking many good steps to warrant an opportunity to be the Prime Minister once again but if he doesn't control that currency it'll destabilize the economy as well as the currency itself and this is not going to go over very well with the people of Iraq.
If he increases the value of the Iraqi dinar that gives the people of Iraq a little bit more purchasing power at the same time stabilizing the currency and hopefully closing the gap between the fixed exchange rate versus the parallel rate.
Biden Allocates $653 Million To American Port Development Projects
Arab and international Economy News - follow-up The US Department of Transportation provided $653 million in grants to develop and improve forty-one seaports throughout the United States .
The grants are part of a trillion-dollar infrastructure investment included in a bipartisan law signed by President Joe Biden in 2021 .
Biden administration officials said that the projects that receive support will allow ports to meet larger shipping demands, in addition to reducing costs for consumers and improving worker safety conditions .
Transportation Secretary Pete Buttigieg said during a phone call with reporters that supply chain challenges, starting in 2021, have led to higher prices as the United States recovers from the Corona epidemic .
Buttigieg added that the goal of the projects is to improve port infrastructure so that it can withstand the types of shocks that the United States witnessed during the pandemic .
He said: “Our goal is to strengthen these supply chains in a sustainable way. Today’s announcement is another big step in this direction .”
The grants included $43.4 million to renovate a pier in Cold Bay, Alaska .
The Port of Long Beach in California will receive $52.6 million for various developments, including an extension of the rail network to help transport freight .
Thirty-two million dollars will be allocated to the Port of Newark, New Jersey, to rebuild the dock .
“The Dinar Is Stronger Than The Dollar.” The Hypothesis That Is Absent From Reality!
Special Sumerian 2023-11-04 | 2,091 views Everything has become high because of the dollar, a dangerous trade recession that the country is experiencing, amid warnings of an economic slide that may worsen the situation in the coming days.
According to experts, traders affiliated with influential parties and entities are the only beneficiaries of the platform affiliated with the Central Bank, and the government must come out immediately and be honest with the people about the truth of what is happening.
By simple calculation, the Central Bank sells an estimated two hundred thousand dollars daily, meaning that the daily profits of speculators are estimated at forty thousand dollars, reaching their total monthly. One million two hundred thousand dollars, which is equivalent to about two billion Iraqi dinars net for speculators per month. LINK